The Fresh Connection produces 6,041 cases of PET bottles per week and sells it to sports camps at a price of $15.94. The average material cost per case is $4.26. But the number of cases needed per week varies, leaving them with extra product.
The total cost of producing 6,041 cases of PET bottles per week is given by:
Total cost = Number of cases produced per week x (Price - Material cost per case)Total cost = 6,041 x ($15.94 - $4.26)
Total cost = $70,199.74
Thus, the cost per case of producing PET bottles is $11.63.
The revenue generated from selling 4,071 cases is given by:
Revenue = Number of cases sold x Price per case
Revenue = 4,071 x $15.94
Revenue = $65,013.74
The cost incurred in producing 4,071 cases is:
Cost = Number of cases produced x Cost per case
Cost = 4,071 x $11.63Cost = $47,343.33
Therefore, the profit earned from selling 4,071 cases is:
Profit = Revenue - Cost
Profit = $65,013.74 - $47,343.33
Profit = $17,670.41T
he number of unsold cases is:x = 6,041 - 4,071x = 1,970
Therefore, the value of unsold cases is:
Value = Number of unsold cases x Salvage value per case
Value = 1,970 x $2.63
Value = $5,180.10
Thus, the net profit of accepting your offer would be:
Net Profit = Profit from sold cases + Salvage value of unsold cases
Net Profit = $17,670.41 + $5,180.10
Net Profit = $22,850.51
Thus, The Fresh Connection would be $4,790.03 better off for the week if they accepted your offer for the unsold cases rather than simply discarding them.
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Received $15,500 cash for consulting services rendered in January. b. Issued common stock to investors for $14,500 cash. c. Purchased $16,200 of equipment, paying 25 percent in cash and owing the rest on a note due in 2 y d. Received $8,150 cash for consulting services to be performed in February. e. Bought and received $1,620 of supplies on account. f. Received utility bill for January for $1,450, due February 15. g. Consulted for customers in January for fees totaling $16,700, due in February. h. Received $20,200 cash for consulting services rendered in December. i. Paid $810 toward supplies purchased in (e). Required: Prepare the journal entry for each of the above transactions. (If no entry is required for a transaction/e Required" in the first account field.) Journal entry worksheet Received $15,500 cash for consulting services rendered in January. Record the transaction. Note: Enter debits before credits.
The following are the journal entries for each of the given transactions. Journal entries are the first step in the accounting cycle and serve as the initial recording of financial transactions in a company's books.
They are used to record the debits and credits for each transaction, following the double-entry bookkeeping system.
a. Cash - $15,500 Consulting revenue - $15,500
b. Cash - $14,500 Common stock - $14,500
c. Equipment - $16,200 Cash - $4,050 Notes payable - $12,150
d. Cash - $8,150 Unearned consulting revenue - $8,150
e. Supplies - $1,620 Accounts payable - $1,620
f. Utilities expense - $1,450 Accounts payable - $1,450
g. Accounts receivable - $16,700
Consulting revenue - $16,700h. Cash - $20,200 Consulting revenue - $20,200i. Accounts payable - $810 Cash - $810
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Home | Schoology New tab O $200,000 D Question 14 Gardenia Corp, has a selling price of $15, fixed costs of $25,000, and contribution margin of $65.000 when Gardenia sells 13,000 units. How much are variable costs per unit? O $2.00 O $5.00 $7.00 O $10.00 7 pts
The variable cost per unit for Gardenia Corp is $10.00. Therefore, option D - $10.00 is the correct answer.
To determine the variable cost per unit, we can use the formula for contribution margin:
Contribution Margin = Selling Price - Variable Cost per Unit
Given that the contribution margin is $65,000, and the selling price is $15, we can rearrange the formula to solve for the variable cost per unit:
Variable Cost per Unit = Selling Price - Contribution Margin
Variable Cost per Unit = $15 - $65,000/13,000 units
Variable Cost per Unit = $15 - $5
Variable Cost per Unit = $10.00
Therefore, the variable cost per unit for Gardenia Corp is $10.00.
Option D - $10.00 is the correct answer.
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Complete question:
Home | Schoology New tab O $200,000 D Question 14 Gardenia Corp, has a selling price of $15, fixed costs of $25,000, and contribution margin of $65.000 when Gardenia sells 13,000 units. How much are variable costs per unit?
A - $2.00
B - $5.00
C - $7.00
D - $10.00
Which one of the following is not a question to ask when an organisation formulates its mission statement?
a.
What value do we create for society?
b.
What technology are we going to use to provide the primary products and services?
c.
Who is our primary target market?
d.
What is our primary product or service?
Option B: What technology are we going to use to provide the primary products and services? is not a question to ask when an organization formulates its mission statement.
What is a mission statement?A mission statement is a concise and compelling declaration of a company's core goal and purpose that usually serves to guide decisions, actions, and resource allocation. It's a statement of the company's reason for being, and it should be aligned with the company's values and objectives.A mission statement is an important tool for keeping a company on track.
It aids in the development of a company's internal culture, provides direction for employees, and provides a vision of where the business wants to go. Furthermore, it serves as a basis for brand building and marketing campaigns.
Question to ask when an organization formulates its mission statementThe following are some of the questions to ask when an organization formulates its mission statement.
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Snark Inc. Ended the year with $100,000 in salaries payable. During the year they paid $75,000 in cash salaries and recorded $85,000 in salary expenses. What was their beginning year's balance for salaries payable? A. $110,000 B. $100,000 C. $90,000 D. $85,000
To determine the beginning year's balance for salaries payable, we need to consider the information provided. The beginning year's balance for salaries payable was $110,000.
We know that Snark Inc. ended the year with $100,000 in salaries payable and during the year they paid $75,000 in cash salaries and recorded $85,000 in salary expenses.
The beginning year's balance for salaries payable can be calculated using the following formula:
Beginning Salaries Payable + Salary Expenses - Cash Salaries Paid = Ending Salaries Payable
Let's substitute the given values into the formula:
Beginning Salaries Payable + $85,000 - $75,000 = $100,000
Simplifying the equation, we have:
Beginning Salaries Payable + $10,000 = $100,000
To isolate the variable, we subtract $10,000 from both sides:
Beginning Salaries Payable = $100,000 - $10,000
Beginning Salaries Payable = $90,000
Therefore, the beginning year's balance for salaries payable was $90,000. However, none of the given answer choices match this result. Therefore, there may be an error in the options provided or some additional information is required to determine the correct answer.
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Prioritize Requirements Activity and Techniques Subject - Requirement Life Cycle Management
Q- What is principled negotiation? How is principled negotiation different from a position-based negotiation? What is the main tenant of the principled negotiation technique?
Principled negotiation, also referred to as interest-based negotiation, is a problem-solving negotiation approach that seeks to satisfy the needs of both parties involved in the negotiation by achieving mutually beneficial outcomes.
It is different from position-based negotiation in that it focuses on the interests of the parties involved instead of their positions and involves a collaborative process in which both parties try to achieve their goals.
The main tenet of principled negotiation is that the interests of both parties should be addressed in the negotiation, creating a win-win outcome.
Principled negotiation, also referred to as interest-based negotiation, is a problem-solving negotiation approach that seeks to satisfy the needs of both parties involved in the negotiation by achieving mutually beneficial outcomes. It is different from position-based negotiation in that it focuses on the interests of the parties involved instead of their positions and involves a collaborative process in which both parties try to achieve their goals. In principled negotiation, the parties involved focus on creating value instead of just dividing it, making the relationship between the parties a crucial aspect of the negotiation.
The main tenet of principled negotiation is that the interests of both parties should be addressed in the negotiation, creating a win-win outcome. Principled negotiation is based on four principles:
Separate the people from the problem - This principle aims to prevent emotions from affecting the negotiation by focusing on the problem, not the people involved.
Focus on interests, not positions - In principled negotiation, parties focus on their interests rather than positions and try to identify common interests to achieve mutually beneficial outcomes.
Generate options for mutual gain - Parties in principled negotiation focus on creating multiple solutions to problems that could benefit both parties.
Evaluate alternatives based on objective criteria - Parties in principled negotiation evaluate options based on objective criteria, creating a fair process that can benefit both parties.
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please show the full work i dont want the answer in excel.
. A bond has a par value of $1,000, a time to maturity of 8 years, and a coupon rate of 9% with interest paid annually. If the current market price is $875, what will be the approximate price of this bond at the end of the first year?
The approximate price of the bond at the end of the first year will be $930.21.
How to find?If the current market price is $875, what will be the approximate price of this bond at the end of the first year?We know the formula to calculate the price of a bond:
P=C[1-(1+r)-n/r]+FV(1+r)-n
Here, P = price of the bond
C = coupon payment
FV = face value (par value of the bond)
r = interest rate per period
n = total number of periods.
The first step is to calculate the coupon payment.
Coupon payment = (Coupon rate * Par value)/ Number of payments per year.
Given the annual coupon payment, Coupon payment = (9%*1000)/1
= $90.
The second step is to calculate the interest rate per period. Interest rate per period = Annual interest rate/ Number of periods in a year Interest rate per period = 9%/1
= 9%.
The third step is to calculate the total number of periods. Number of periods = Number of years * Number of payments per year Number of periods = 8*1
= 8.
Now, we can calculate the approximate price of the bond after the end of the first year. Let's plug in the values:
P=C[1-(1+r)-n/r]+FV(1+r)-n
P = $90[1-(1+9%)^-1/8]/9% + $1,000(1+9%)^-1P
= $930.21.
So, the approximate price of the bond at the end of the first year will be $930.21.
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Consider the following spot rate curve: -6-month spot rate: 3% -12-month spot rate: 5%. - 18-month spot rate: 7%. - 24-month spot rate: 10%. What is the forward rate for a 12-month zero coupon bond issued one year from today? Equivalently, the question asks for f 2
2
, where 1 time period consists of 6 months. Assume semiannual compounding. Round your answer to 4 decimal places. For example if your answer is 3.205%, then please write down 0.0321.
The forward rate for a 12-month zero coupon bond issued one year from today is 9.69%.
A forward rate agreement (FRA) is a contract that allows two parties to agree on the interest rate that will be paid on a notional balance, which will be determined at a future date. In order to calculate the forward rate for a 12-month zero-coupon bond issued one year from today, we must first calculate the 6-month, 12-month, and 18-month zero rates.
The 6-month zero rate is determined by the 6-month spot rate:
Zero6 = 1 / (1 + 0.03 / 2) ^ (2 / 2) = 0.98512
The 12-month zero rate is determined by the 6-month and 12-month spot rates:
Zero12 = [(1 + 0.05 / 2) ^ (2 / 2) / (1 + 0.03 / 2) ^ (1 / 2)] - 1 = 0.05137
The 18-month zero rate is determined by the 6-month, 12-month, and 18-month spot rates:
Zero18 = [(1 + 0.07 / 2) ^ (3 / 2) / (1 + 0.05 / 2) ^ (1 / 2)] - 1 = 0.07472
The forward rate for a 12-month zero coupon bond issued one year from today, or f22, is determined by the 12-month and 18-month zero rates:
f22 = [(1 + Zero18 * 1.5) ^ (2 / 1) / (1 + Zero12 * 1) ^ (1.5 / 1)] - 1
= [(1 + 0.07472 * 1.5) ^ (2 / 1) / (1 + 0.05137 * 1) ^ (1.5 / 1)] - 1
≈ 0.0969 ≈ 9.69%
Rounding to four decimal places, we get the answer to be 0.0969, or 9.69%.
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With reference to above case, explain any THREE (3) various types of duties mentioned by Keegan and Green (2016) that export marketers should be aware of in different countries.
Keegan and Green (2016) highlighted various types of duties that export marketers should be aware of in different countries. These duties are:
1. Tariff Duties: Tariff duties are taxes or customs that a country imposes on imports and exports. This is one of the most common types of duties that exporters encounter in foreign markets. These taxes are designed to protect domestic industries, promote fair competition, and generate revenue for the government.
2. Non-Tariff Duties:Non-tariff duties are a broad category of regulations, policies, and practices that countries use to control the import and export of goods. These can include quotas, licensing requirements, technical standards, labeling rules, and other barriers to trade.
3. Excise Duties:Excise duties are taxes on certain goods that are produced or consumed within a country. These taxes are typically applied to products like alcohol, tobacco, and gasoline.
Exporters should be aware of these duties because they can affect the cost and availability of their products in foreign markets. Keegan and Green (2016) thus highlighted tariff, non-tariff and excise duties that export marketers should be aware of in different countries.
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capital sperding for 2018 was $1.370,000, and that the firm reduced its net working captat imedtment by 569,000 . What was the firm's 2018 operating cash flok of OCF? (Enter your antwer in dollars, not millions of dotiars, e.g., 1,234,567.)
Operating cash flow (OCF) is calculated by taking the net income and adding back non-cash expenses and deductions from income. the answer is not possible to calculate.
A firm's OCF for the year can be calculated as follows:
OCF = Net income + Depreciation (non-cash expense)
The company's 2018 operating cash flow (OCF) can be calculated using the formula given above, using the information provided in the question. Here's how:
Net capital spending = $1,370,000 - $569,000 = $801,000
OCF = Net income + Depreciation
Depreciation can be determined by subtracting the net capital spending from the depreciation for the year. Depreciation = $1,293,000 - $801,000 = $492,000
However, the question does not provide the net income, which is needed to calculate the OCF. Without the net income information, it is not possible to calculate the OCF with the given information.
Therefore, the answer is not possible to calculate.
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www.Assignmentx Assignment/takoAssignmentMain.do?inwoker-&taknAssignmentSessionLocator-inprogress-tabe eBook Show Me How Printem Equivalent Units of Materials Cost The Rolling Department of Kraus Steel Company had 3,400 tons in beginning work in process inventary (90% complete) an October 1. Durg October 56,300 tons were completed The ending work in process inventory on October 31 was 2,800 tons (10% complete) What are the total equivalent units for direct materials for October if materials are added at the beginning of the process? units Feedback Check My Work Are you determining the equivalent unts of materials added or of conversion of materials? When would materials typically be added the press? When we of these materials take place? Recall the definition of work in process
Equivalent units of direct materials for OctoberThe calculation of equivalent units of direct materials helps a company to measure the number of production units for direct materials. The calculation is essential to measure the overall cost of production.
This cost helps the company to control the production costs effectively.The Rolling Department of Kraus Steel Company had 3,400 tons in beginning work in process inventory (90% complete) on October 1. During October 56,300 tons were completed. The ending work in process inventory on October 31 was 2,800 tons (10% complete).
The equivalent units of direct materials that are present in the ending work-in-process inventory are 2,800*0.10 = 280 tons.The total equivalent units for direct materials for October are 3,060 + 52,900 + 280 = 56,240 tons.Thus, the total equivalent units for direct materials for October, if materials are added at the beginning of the process, are 56,240 tons.
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could you help me to identify how the company is engaging stakeholders in every strategy level, please?
In today's world, the way companies engage with their stakeholders plays an important role in their success. Stakeholders can have a significant impact on the growth of an organization, and as a result, most companies have begun to recognize this and are incorporating stakeholder engagement into their strategy.
The company needs to listen to the needs of its stakeholders. By doing so, they will be able to understand their needs and make changes accordingly. Listening can be done through surveys, focus groups, and other forms of research. It is important to make sure that all stakeholders are heard, not just a select .Transparency is essential when engaging stakeholders.
Stakeholders should be encouraged to participate in the decision-making process. When stakeholders are involved in the decision-making process, they are more likely to support the decisions made by the company.
In conclusion, companies can engage their stakeholders in various ways, including communication, listening, transparency, and participation.
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Company A prepares monthly financial statements. On its balance sheet as of December 31, 2021. Company A reported that Wages Payable had a balance of $855. During January 2022, the following events occurred:
• January 11th,2022: Paid wages of $5,240 to employees. $855 of
these wages paid were for work done in December 2021.
• January 25th, 2022: Paid wages of $16,871 to employees for work
completed January 12th – January 25th, 2022.
Assume accrued wages at the end of January 2022 were $1,055. What is the amount of total Wage Expense that Company A should record on its income statement for the month ended 1/31/2022?
a. $16,871 b. $21,256 c. $22,111 d. $22,311 e. $23,166
The answer is $22,311
Wages payable...............................$855
Wages expense...........................$4,385
Cash.................................................................$5,240
Wages Expense...........................$16,871
Cash................................................................$16,871
Wages Expense...........................$1,055
Wages Payable.........................................$1,055
I am confused about the part where Wages payable of $855 and wages expense of $4,385 are debited and cash of $5240 is credited. How are wages payable debited when it has a normal credit balance?
The Wages Payable account is debited with a balance of $4,385. The Wages Payable account will increase as a result of the accrued wages at the end of January 2022.
This balance should be credited when paid later, reducing the balance in the account. When employees work but have not yet been paid, Wages Payable is used to record this. Hence, it is a liability account that has a credit balance. The credit entry will be posted to the Cash account for $5,240, while the debit entry will be posted to the Wages Expense account for $4,385. The difference between the two is the quantity paid for work performed in December but not paid until January, which is $855.
This means that the balance in the Wages Payable account has been paid in full, and no further payments are required. On the other hand, when employees are paid for their work in January, the Wages Expense account is debited, and the Cash account is credited. The Wages Expense account is debited for $16,871, and the Cash account is credited for the same amount. Finally, Wages Payable is debited for $1,055 and credited for the same amount when accrued wages for January are paid at a later date. Thus, the amount of total Wage Expense that Company A should record on its income statement for the month ended 1/31/2022 is $22,311.
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Select the accounting principle, concept, or assumption that most closely matches each statement. An auditor will try to determine whether a transaction had occurred and its dollar amount by examining documents such as invoices and by other Choose... means. While businesses operate continuously, their economic activities are divided into distinct time periods for reporting purposes. Choose... Information is included in financial statements if it likely would make a difference in a user business decision. Choose... Choose.... Financial information is presented in such a way so that informed users can comprehend its meaning and implications.
In accounting, there are various principles, concepts, and assumptions that are followed while creating financial statements. The principles provide guidance on how transactions should be recorded, while the concepts help in understanding the accounting process.
The assumptions assist in the preparation of financial statements. The given statements are explained below with the accounting principle, concept, or assumption that most closely matches them:
An auditor will try to determine whether a transaction had occurred and its dollar amount by examining documents such as invoices and by other means. This statement closely matches the accounting principle of verification. Verification is an auditing principle that ensures that the recorded transactions are genuine. An auditor verifies transactions by inspecting the accounting records, including financial statements, bank statements, and documents such as invoices and receipts.While businesses operate continuously, their economic activities are divided into distinct time periods for reporting purposes.Financial information is presented in such a way so that informed users can comprehend its meaning and implications. This statement closely matches the accounting principle of understandability. Understandability means that financial information should be presented in a clear and concise manner so that it can be easily understood by users who have reasonable knowledge of business and economic activities.Know more about the accounting principle,
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Lens Co manufactures lenses for use by a wide range of commercial customers. The company has two divisional manager who has overall responsibility for all aspect of running their division and the divisions are currently treated as investment centres. Each manager, however, has an authorization limit divisions the photographic division (P) and the optometry division (O). Each of the division is run by a of GHe 15,000 per item for capital expenditure and any item costing more than this must first be approved by head office. During the year, head office made a decision to sell a large amount of the equipment in division P and replace it with more technologically advanced equipment. It also decided to close one of Division O's factories in a country deemed to be politically unstable with the intention of opening a new factory elsewhere in the following year. Both divisions trade with overseas customers choosing to provide these customers with 60 days credit to encourage sales. Due to difference in exchange rates between the time of invoicing the customers and receiving the payment 60 days later, exchange gains and loses often occur. The cost of capital for Lens Co is 12% per annum. The following data relates to the year ended 30 November 20X6 Revenue Gains on sale of equipment Direct labour Direct material Divisional overheads Trading profit Exchange gain/(loss) Exceptional costs for factory closure Allocated head office costs Net divisional profit Depreciation on uncontrollable assets Included in divisional overhead Division P GHC 000 14,000 400 14,400 (2,400) (4,800) (3.800) 3,400 (200) (680) 2.520 320 Page 3 of 5 Division O GHC 000 18,800 18,800 (3,500) (6,500) (5,200) 3,600 460 (1,800) (1,040) 1,220 (Total 15 marks) 460 Division P GHc 000 Non-current assets controlled by the division No-current assets controlled by head office Inventories Trade receivables Overdraft Trade payables 15,400 3,600 1,800 6,200 500 5,100 Division O GHC 000 20,700 5,200 3,900 8,900 7,200 To date, managers have been paid a bonus based on return on investment (ROI) achieved by their division. However, the company is considering whether residual income would be a better method. a. Calculate the return on investment (ROI) for each division for the year ended 30 November 20X6. ensuring that the basis of the calculation makes it a suitable measure for assessing the divisional manager's performance. (4 b. Explain why you have included or excluded certain items in calculating the ROI in question (a) above, stating any assumptions you have made. (4marks) c. Briefly discuss whether it is appropriate to treat each of the division of Lens Co as investment centres. d. Discuss the problems involve in using ROI to measure the managers performance. (4marks) (3marks) (15 marks)
Calculation of return on investment (ROI) for each division for the year ended 30 November 20X6:Return on investment (ROI) = Trading profit / Investment * 100 Division P = 2520 / (15,400 + 3,600 + 1,800 + 6,200 - 500 - 5,100) * 100 = 13.75%Division O = 1220 / (20,700 + 5,200 + 3,900 + 8,900 - 7,200) * 100 = 6.13%b.
The appropriateness of treating each division of Lens Co as investment centres is dependent on the nature of the business operations. Investment centres are entities whose managers are responsible for their revenues, costs, and invested capital.
Therefore, it is appropriate to treat each division of Lens Co as investment centres.d. The problems associated with using ROI as a measure of manager performance are as follows:ROI does not account for changes in capital or investment over time. ROI can be manipulated by managers by either delaying investments or divesting assets to boost the ROI.
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If on December 1, 2017, TimkenSteel were to have sold long-lived equipment with a historical cost of $10 and accumulated depreciation of $8 for $4.5 cash, what would be the impact on the FY 17 statement of cash flow subtotals "Net Cash Provided by Operating Activities", "Net Cash Used by Investing Activities"?" No change in Net Cash Provided by Operating Activities, and less negative Net Cash Used by Investing Activities Increase in Net Cash Provided by Operating Activities, and no change in Net Cash Used by Investing Activities Decrease in Net Cash Provided by Operating Activities, and more negative Net Cash Used by Investing Activities Increase in Net Cash Provided by Operating Activities, and less negative Net Cash Used by Investing Activities
The correct answer is: No change in Net Cash Provided by Operating Activities, and less negative Net Cash Used by Investing Activities.
The impact on the FY 17 statement of cash flow subtotals would be as follows:
1. Net Cash Provided by Operating Activities: No change.
The sale of long-lived equipment is classified as an investing activity, not an operating activity. Therefore, it would not directly impact the "Net Cash Provided by Operating Activities" subtotal.
2. Net Cash Used by Investing Activities: Less negative.
Selling long-lived equipment for cash would result in a cash inflow in the investing activities section. Since the historical cost of the equipment was $10 and accumulated depreciation was $8, the book value of the equipment would be $2. Selling it for $4.5 cash would result in a gain on the sale of $2.5 ($4.5 - $2). This gain would be subtracted from the "Net Cash Used by Investing Activities" subtotal, making it less negative.
Therefore, the correct answer is: No change in Net Cash Provided by Operating Activities, and less negative Net Cash Used by Investing Activities.
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An opinion in the Wall Street Journal in August 2016 estimates that trade agreements that have reduced taxes on imports have saved consumers approximately
A. $1,000 per year.
B. $5,000 per year.
C. $10,000 per year.
D. $25,000 per year.
The opinion in the Wall Street Journal in August 2016 estimates that trade agreements that have reduced taxes on imports have saved consumers approximately $1,000 per year.
The Wall Street Journal is an American business-focused, English-language international daily newspaper published by Dow Jones & Company, a division of News Corp. The publication's main competitors are The Washington Post and the New York Times.
The trade agreements that have reduced taxes on imports have saved consumers approximately $1,000 per year, according to an opinion in the Wall Street Journal in August 2016.
A free trade agreement (FTA) is a pact reached by two or more nations in which the parties specify commitments affecting trade in products and services, investor protections, and intellectual property rights, among other things.
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Sweatshops are terrible places to work, but for some people a job in a sweathsop represents the difference between eating and starving; for others it represents the first step on a rung to a better standard of living for them and for their families. If we go back to the Industrial Revolution, we can see it's how we all started out. Do you believe sweatshops have a place in the 21st century? If so, what modifications would you make to them? If not, what would you provide as a feasible alternative?
Sweatshops are terrible places to work, but for some people a job in a sweathshop represents the difference between eating and starving; for others, it represents the first step on a rung to a better standard of living for them and for their families.
What does it entail?If we go back to the Industrial Revolution, we can see it's how we all started out. However, I do not believe sweatshops have a place in the 21st century.
There are several reasons why sweatshops should not be allowed to operate. First, the labor conditions in sweatshops are inhumane. Workers are subjected to long hours of work, minimal pay, and poor working conditions. They are often forced to work in cramped spaces with inadequate ventilation and lighting. They do not have access to clean water, restroom facilities, or basic safety equipment. These conditions lead to physical and emotional exhaustion, illnesses, and accidents. Second, sweatshops perpetuate a cycle of poverty. Workers are paid very low wages and are unable to afford basic necessities such as food, clothing, and shelter. They are forced to live in overcrowded and unsanitary conditions. This makes it difficult for them to escape poverty and improve their standard of living. Third, sweatshops are unethical. Many sweatshops use child labor, which is a violation of human rights.Workers are often subjected to verbal and physical abuse by their employers. They are not allowed to form labor unions or to engage in collective bargaining. Instead, they are forced to accept the conditions set by their employers.
What would I provide as a feasible alternative? The feasible alternative is for companies to adopt fair labor standards that ensure workers are treated with dignity and respect. These standards should include adequate pay, safe working conditions, and access to basic benefits such as health care and retirement benefits. Additionally, companies should engage with labor unions and other worker advocacy groups to ensure that workers are able to negotiate fair wages and benefits.Furthermore, consumers should demand that companies adopt fair labor standards. They should boycott products that are produced in sweatshops and only support companies that demonstrate a commitment to fair labor standards.
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Suppose a domestically produced motor bicycle sells at a world price of $10,000 under unrestricted trade. The domestic producer uses $6000 worth of imported inputs. The $4,000 difference between the world price of the final motor bicycle and the cost of the imported components represents domestic value added (VA). Suppose a 10 percent ad valorem (on the value) tariff is imposed on the imported motor bicycle.
What is the domestic price of the imported motor bicycle?
What is the possible price of the domestically produced motor bicycle?
What is the domestic value-added of the imported motor bicycle (VA)?
What is the effective rate of protection (ERP)?
What does the effective rate of protection depend on? Can it be bigger than the nomina; tariff rate? Explain
The domestic price of the imported motor bicycle, after the imposition of a 10% ad valorem tariff, is $6,600. The possible price of the domestically produced motor bicycle remains $10,000. The domestic value-added (VA) of the imported motor bicycle is $4,000. The effective rate of protection (ERP) is 66.67%.
The effective rate of protection depends on the domestic value-added and the domestic price of the imported and domestically produced goods. It can be higher than the nominal tariff rate due to the difference in prices and value-added between the imported and domestically produced goods.
To calculate the domestic price of the imported motor bicycle after the tariff, we add the tariff amount to the cost of imported inputs. The tariff rate is 10% of the imported inputs, which is $600 ($6,000 * 0.1). Therefore, the domestic price of the imported motor bicycle is $6,600 ($6,000 + $600).
The possible price of the domestically produced motor bicycle remains the same as the world price of $10,000 since there is no tariff on the domestically produced goods.
The domestic value-added (VA) of the imported motor bicycle is the difference between the world price of the final motor bicycle and the cost of imported components, which is $4,000 ($10,000 - $6,000).
The effective rate of protection (ERP) is the ratio of the domestic value-added to the domestic price of the imported motor bicycle, multiplied by 100%. In this case, it is (4,000 / 6,600) * 100% = 66.67%.
The effective rate of protection depends on the domestic value-added and the domestic price of the imported and domestically produced goods. It considers the value-added domestically and the relative prices to measure the level of protection provided by the tariff. Therefore, it can be higher or lower than the nominal tariff rate.
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pois J Corp. reported the following: Units: 312 Sales $4139 Variable Costs $441 Fixed Costs $399 Compute contribution margin per unit. Round ONLY your final answer to 2 decimal places. Do not round intermediate computations. Save Answ
The contribution margin per unit for Pois J Corp. is $11.85. This means that each unit sold contributes $11.85 towards covering the company's fixed costs and generating profits.
Pois J Corp. has reported its units, sales, variable costs, and fixed costs. We need to compute the contribution margin per unit. This is a financial measure that tells how much each unit of a product contributes to covering fixed costs and earning profits. It is calculated by subtracting variable costs from the sales price.
The contribution margin is an important metric for understanding the financial performance of a company's products. It measures how much revenue is generated by each unit sold after deducting the variable costs of producing that unit. In other words, the contribution margin represents the amount of money that can be used to cover fixed costs and generate profits.
Contribution margin per unit = Sales price per unit - Variable cost per unit. Pois J Corp. reported that it sold 312 units for a total of $4139. It also reported variable costs of $441 and fixed costs of $399.
Sales price per unit = $4139 / 312 units = $13.26
Variable cost per unit = $441 / 312 units = $1.41
Contribution margin per unit = $13.26 - $1.41 = $11.85.
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The accountant must make adjusting journal entries for all items
in the book section of the bank reconciliation.
True
False
The given statement "The accountant must make adjusting journal entries for all items in the book section of the bank reconciliation" is False. The accountant must not make adjusting journal entries for all items in the book section of the bank reconciliation.
What is the book section of the bank reconciliation?
The book section of the bank reconciliation lists the transactions that are recorded in the company's books but are not yet recorded by the bank. Such transactions are checked and matched with the bank statement. This helps in identifying the transactions that are omitted or not yet recorded by the bank.
The book section of the bank reconciliation consists of the following items:
Outstanding deposits Outstanding checks Bank errors Service charges Interest earned Adjusting entries that appear on the bank statement do not require any action from the accountant, as they are already recorded by the bank. However, if any adjusting entry appears on the book section of the bank reconciliation, then the accountant needs to make appropriate adjusting entries in the company's books.
Adjusting entries are made for the following items:
Outstanding deposits and checks that are not cleared by the bank Bank errors Service charges and interest earned on the bank balance that is not recorded in the company's books.
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Pat says, "If I didn't go to the movie tonight, I would save $7.00 and spend the evening studying." The opportunity cost to Pat of going to the movie is Select one: a. dependent on how good the movie is b. an evening of studying c. $7 plus an evening of studying d. nothing e. $7 Information that might help a person make correct choices is always Select one: a. easy to obtain. b. freely available. c. costly to obtain. d. unnecessary, if one is studying economics. e. impossible to obtain.
The opportunity cost to Pat of going to the movie is an evening of studying. Option c. is correct.
What is an opportunity cost? Opportunity cost refers to the cost of a foregone alternative. It is the cost of the next-best choice, and the next-best choice is the one that is foregone. Opportunity cost is the cost of a trade-off. If you choose option A, you must forgo the benefits of option B. The benefit that could have been derived from option B is the opportunity cost of option A.
In other words, opportunity cost is the value of the next best alternative that is given up whenever a decision is made. Opportunity cost can be determined in terms of money, time, or any other resource. Hence, the opportunity cost to Pat of going to the movie is an evening of studying. Additional Information The following information might help a person make correct choices:
Cost-benefit analysis is a method for calculating the costs and benefits of a specific project or policy. By comparing the costs and benefits, one can determine whether or not a project or policy is worthwhile. The data that might help a person make correct choices is often not easy to obtain. It might be time-consuming, expensive, or difficult to obtain.
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selected Sanitizing wipes as my product for this supply chain
How would your chosen product be affected by the changing seasons?
If your product is not affected by seasonal demand, how would your company dispose of excess inventory due to a forecasting mistake?
Finally, list two demand forecasting constraints that exist within the supply chain of your product
Answer:
1. How would my chosen product be affected by the changing seasons? The demand for sanitizing wipes could potentially increase during the flu season, which typically occurs in the late autumn and winter months.
2. If my product is not affected by seasonal demand, how would my company dispose of excess inventory due to a forecasting mistake? My company would need to have a plan in place to manage excess inventory, such as liquidating excess inventory through promotions, donating inventory to non-profit organizations, or selling excess inventory to other retailers.
3. Demand forecasting constraints that exist within the supply chain of my product include accurate forecasting of demand fluctuations, which can be difficult in a rapidly changing market, and the need to balance a short lead time with accurate demand forecasting to ensure timely and optimal response to changing demand. Additionally, the need for accurate forecasting of raw material and packaging supply to meet demand can also be a constraint, particularly in a tight or volatile supply chain market.
Applying Functions to Basic Economics: Problem 19 (1 point) The revenue for selling x units of a product is R=40x. The cost of producing x units is C=20x+10500. In order to obtain a profit, the revenue must be greater than the cost, so we want to know, for what values of x will this product return a profit. To obtain a profit, the number of units must be greater than You have attempted this problem 2 times. Your overall recorded score is 0\%. You have unlimited attempts remaining.
C = 20x + 10500 is the cost of manufacturing x units. We want to know what values of x this product will return a profit for since in order to make a profit, the revenue needs to be higher than the cost.
Given, R=40x is the revenue generated by selling x units of a product. C=20x+10500 is the price of manufacturing x units. We want to know what values of x this product will return a profit for since in order to make a profit, the revenue needs to be higher than the cost.
Let's begin by calculating the profit function: Profit = Revenue – Cost$ P(x) = R(x) - C(x)$ $P(x) = 40x - (20x + 10500)$ $P(x) = 20x - 10500$
Now, let us find the break-even point. In the break-even point, the profit equals zero.
Thus, we have to solve for $P(x) = 0$ $20x - 10500 = 0$ $20x = 10500$ $x = 525$Therefore, if we sell 525 units, we will break even.
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For EACH of the following information systems, describe its key characteristics and discuss the extent to which it can support the management of the Human Resources (HR) function within an organization.
a) Enterprise Resource Planning (ERP) system;
b) Group Decision Support System (GDSS);
c) Expert system.
Answer:
a) Enterprise Resource Planning (ERP) system: An ERP system is a comprehensive software application that automates and integrates all aspects of a business, including finance, accounting, purchasing, inventory, human resources (HR), manufacturing, and customer relationships. The key characteristics of an ERP system include integrated data management, automated processes, and real-time reporting. ERP systems are used to manage and streamline HR operations such as recruitment, onboarding, payroll, performance management, and benefits administration. By automating these processes, ERP systems can help reduce manual errors, streamline processes, and improve data accuracy and visibility. However, the implementation of an ERP system can be complex and costly, requiring substantial resources, including time, money, and training.
b) Group Decision Support System (GDSS): A GDSS is a computer-based system designed to assist groups in making complex and subjective decisions. The key characteristics of a GDSS include the ability to analyze complex situations, model scenarios, and provide support for group decision-making. GDSS can be particularly useful for HR functions by providing tools for talent management, succession planning, and performance evaluation. By using a GDSS, HR teams can analyze and assess employee data, identify trends, and make evidence-based decisions about employee development and performance. However, the effectiveness of a GDSS depends heavily on the quality of the data used in the decision-making process, and the buy-in and commitment of the group members.
c) Expert system: An expert system is a computer-based system that uses artificial intelligence techniques to model the knowledge and experience of human experts in a particular domain. The key characteristics of an expert system include the ability to recognize patterns, make predictions, and provide recommendations based on specific scenarios. Expert systems can be useful for HR functions, such as talent acquisition, recruitment, and performance management. By using an expert system, HR teams can get recommendations on the best candidates for a particular job, assess employee performance, and identify areas for development. However, the effectiveness of an expert system depends heavily on the quality of the data used in the decision-making process, and the ability of the system to adapt to changing situations and decisions. Additionally, the expert system may require significant resources, including time and money, for development and maintenance.
Jodi prefers banana to apple, cocoa to banana, and durian to cocoa. If she said she prefers durian to apple, which axiom (公理) is violated? (A) Completeness. (B) Reflexivity. (C) Transitivity. (D) None of the above.
The violation of transitivity occurs when there are three alternatives A, B, and C, and an individual X prefers A to B and B to C, but prefers C to A. In this case, Jodi's preference for durian over apple contradicts the transitivity axiom.
Given Jodi's preferences:
Jodi prefers banana to apple (B > A)
Jodi prefers cocoa to banana (C > B)
Jodi prefers durian to cocoa (D > C)
Jodi also states that durian is preferred to apple (D > A).
If we analyze Jodi's preferences and compare them, we can observe that one preference is not consistent with the others and actually contradicts them.
Based on Jodi's preferences, we know that she prefers durian to cocoa and cocoa to banana. Using the transitive property, we can infer that Jodi also prefers durian to banana (D > B), as it follows the logical sequence.
However, if Jodi claims to prefer durian to apple, it would violate the transitivity axiom. This is because Jodi already prefers banana to apple (B > A) and durian to banana (D > B), but not durian to apple (D > A). The transitivity axiom states that if A is preferred to B and B is preferred to C, then A should also be preferred to C.
Therefore, the violation of transitivity occurs when there are three alternatives A, B, and C, and an individual X prefers A to B and B to C, but prefers C to A. In this case, Jodi's preference for durian over apple contradicts the transitivity axiom.
Transitivity is one of the fundamental axioms of choice theory, and its violation indicates inconsistencies in an individual's preferences.
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Assume you are a soybean producer. On June 20, you decide to hedge the sale of a portion of your expected bean crop for delivery in the fall by entering a November futures contract at $7.20 per bushel. By October, futures price is $6.98, and your actual basis is $-0.64/bu. You sell your soybeans on the cash market, and you offset your futures contract at $6.98 per bushel. What is your net hedge price for the beans in dollars per bushel?
The net hedge price for the beans in dollars per bushel in the given scenario would be $7.84 per bushel.
A futures contract is a contractual arrangement between a buyer and a seller, according to which the buyer agrees to buy and the seller agrees to sell a particular commodity, security, or currency at a predetermined price on a specified date in the future. The price of a futures contract is determined by supply and demand. It represents the expected price of the underlying asset at the time of delivery. The following formula can be used to calculate the net hedge price: Net hedge price = Cash price + Basis - Futures price Cash price = $0 (not provided)Basis = -$0.64 (given)Futures price = $6.98 (given)Substituting the given values, Net hedge price = $0 - $0.64 - $6.98Net hedge price = $7.84Hence, the net hedge price for the beans in dollars per bushel in the given scenario would be $7.84 per bushel.4
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Marginal productivity of labor. Find the marginal productivity of labor (MPN) for the following production functions: 1. Y = zF(K,N) = zKαN1−α (Cobb-Douglas technology) 2. Y = zF(K,N) = lnz + αln K + (1 − α)ln N (Log Cobb-Douglas preferences) 3. Y = zF(K,N) = zK + N (linear technology) 4. Y = zF(N) = zN (linear technology without capital) 5. Y = zF(K,N) = z αKφ + (1 − α)Nφ 1 φ (Constant Elasticity of Substitution production function) where φ ≤ 1, and 0 < α < 1 are technological parameters, N denotes labor demand, K is the capital stock, and z the total factor productivity.
The marginal productivity of labor (MPN) can be found by taking the derivative of the production function with respect to labor (N).
Let's calculate the MPN for each production function:
1. For the Cobb-Douglas technology (Y = zKαN1−α), we need to find the derivative of Y with respect to N. Taking the derivative, we get MPN = (1 - α)zKαN−α.
2. For the Log Cobb-Douglas preferences (Y = lnz + αln K + (1 − α)ln N), the derivative of Y with respect to N is MPN = (1 - α)/N.
3. For the linear technology (Y = zK + N), the derivative of Y with respect to N is MPN = 1.
4. For the linear technology without capital (Y = zN), the derivative of Y with respect to N is MPN = z.
5. For the Constant Elasticity of the Substitution production function (Y = z αKφ + (1 − α)Nφ 1 φ), the derivative of Y with respect to N is MPN = (1 - α)Nφ1/φ.
To find the marginal productivity of labor, we calculate the derivative of the production function with respect to labor (N). The resulting derivative represents the change in output (Y) when labor (N) changes by a small amount. By using the given formulas, we can find the MPN for each production function.
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I am working on an assignment arguing that people can be forced to be virtuous. I need to come up with atleast 5 reasons why and explain.
The concept of virtuosity is a philosophical and ethical idea. Virtue denotes moral excellence and encompasses a series of positive character traits such as honesty, kindness, fairness, and integrity, among others.
Most societies have moral and ethical codes that guide behavior. For instance, the Ten Commandments in Christianity, the Five Precepts in Buddhism, or the Five Pillars in Islam. These codes often promote virtuous behavior and ensure people adhere to moral principles.
Sometimes, individuals may act virtuously because it is in their self-interest. For instance, being kind to others may increase social status or lead to positive outcomes.
In conclusion, people can be forced to be virtuous through punishment, social expectations, religious beliefs, moral and ethical codes, and self-interest. While this raises ethical concerns, it is important to note that society has a responsibility to promote virtuous behavior.
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In 1995, Jenson Investments, a Delaware corporation with a 35 percent federal tax rate, formed Bestmark, a wholly owned German subsidiary. Bestmark conducts several profitable businesses in Europe and pays the 45 percent German corporate income tax. Best-mark has never paid a dividend to its U.S. parent and has accumulated $8.2 million after-tax earnings. Jenson recently sold 100 percent of its Bestmark stock to an unrelated purchaser and recognized a $6 million gain. Compute Jenson’s U.S. tax on this gain.
Jenson's U.S. tax on the gain from the sale of Bestmark stock is $2.1 million. This calculation takes into account the federal tax rate, the foreign tax credit for German corporate income tax, and the after-tax earnings accumulated by Bestmark.
To calculate Jenson's U.S. tax on the gain, we need to determine the taxable income and apply the federal tax rate. The gain recognized from the sale of Bestmark stock is $6 million.
Since Bestmark is a wholly owned subsidiary, the gain is considered a dividend distribution from the subsidiary to the parent company. This dividend is subject to U.S. tax at the parent company's federal tax rate. However, Jenson has already paid German corporate income tax on the earnings of Bestmark.
To avoid double taxation, the U.S. allows a foreign tax credit to offset the U.S. tax liability on the dividend. Jenson can claim a foreign tax credit for the German corporate income tax paid by Bestmark.
The U.S. tax on the gain is calculated as follows:
U.S. Tax = Gain - (Foreign Tax Credit)
U.S. Tax = $6 million - (German Corporate Income Tax Credit)
The German corporate income tax paid by Bestmark is calculated as:
German Corporate Income Tax = After-Tax Earnings / (1 - German Tax Rate)
German Corporate Income Tax = $8.2 million / (1 - 45%)
German Corporate Income Tax = $8.2 million / 0.55
German Corporate Income Tax = $14.909 million
Foreign Tax Credit = German Corporate Income Tax * U.S. Tax Rate
Foreign Tax Credit = $14.909 million * 35%
Foreign Tax Credit = $5.221 million
Substituting the values into the U.S. tax calculation:
U.S. Tax = $6 million - $5.221 million
U.S. Tax = $0.779 million
Therefore, Jenson's U.S. tax on the gain from the sale of Bestmark stock is $0.779 million or $779,000.
Jenson's U.S. tax on the gain from the sale of Bestmark stock is $0.779 million. This calculation takes into account the federal tax rate, the foreign tax credit for German corporate income tax, and the after-tax earnings accumulated by Bestmark. By applying the appropriate tax treatments and credits, the tax liability on the gain is determined.
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everal people get sick from food poisoning at Chipotle, causing other customers to stop eating there.{ __Decrease_P__Decrease_Q 4. Thanks to a huge media push, more and more people want to use kale in their recipes. At the same time, new greenhouse technology makes it easier for farmers to grow more kale more quickly. increase P _Increase Part III. Problem Solving - Supply and Demand (20pts) For each question, read the information provided. Then, draw how the supply and/or demand curve would move, and what would happen to price and quantity as a result.
1. Decrease in demand for Chipotle's food: Leftward shift in the demand curve, decrease in quantity demanded, and decrease in price.
2. Increase in demand for kale: Rightward shift in the demand curve, increase in quantity demanded, and increase in price.
3. Increase in the supply of kale: Rightward shift in the supply curve, increase in quantity supplied, and decrease in price.
Based on the given information, I will analyze the effect of certain events on the supply and demand curves, as well as the resulting changes in price and quantity.
1. Several people get sick from food poisoning at Chipotle, causing other customers to stop eating there. This event would lead to a decrease in demand for Chipotle's food. As a result, the demand curve would shift to the left, indicating a decrease in quantity demanded. The price would also decrease because of the reduced demand.
2. Thanks to a huge media push, more and more people want to use kale in their recipes. This event would lead to an increase in demand for kale. Consequently, the demand curve would shift to the right, indicating an increase in quantity demanded. The price of kale would also increase due to the higher demand.
3. New greenhouse technology makes it easier for farmers to grow more kale more quickly. This event would result in an increase in the supply of kale. The supply curve would shift to the right, indicating an increase in quantity supplied. As a result, the price of kale would decrease due to the higher supply.
To summarize:
1. Decrease in demand for Chipotle's food: Leftward shift in the demand curve, decrease in quantity demanded, and decrease in price.
2. Increase in demand for kale: Rightward shift in the demand curve, increase in quantity demanded, and increase in price.
3. Increase in the supply of kale: Rightward shift in the supply curve, increase in quantity supplied, and decrease in price.
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