The two general costing approaches used by manufacturing companies to value inventory and cost of goods sold are absorption costing and variable costing.
What is absorption costing?Absorption costing is a costing method in which all manufacturing costs, both fixed and variable, are assigned to products. These costs include direct materials, direct labor, and both variable and fixed manufacturing overhead.
Variable costing is a costing method in which only variable manufacturing costs, such as direct materials, direct labor, and variable overhead, are assigned to products. Fixed manufacturing costs, such as rent and salaries, are treated as period costs and are expensed in the period incurred.
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the stogie shop, a cigar store in the mall, sells hand-rolled cigars for $10.00 and machine-made cigars for $2.50 each. what is the opportunity cost of buying a hand-rolled cigar? 4 machine-made cigars
The opportunity cost of buying a hand-rolled cigar from the stogie shop is 4 machine-made cigars. In other words, the cost of buying one hand-rolled cigar is the same as buying 4 machine-made cigars.
The opportunity cost of buying a hand-rolled cigar is the value of the best alternative foregone, which in this case is the value of the machine-made cigars that could have been purchased instead.
To calculate the opportunity cost of buying a hand-rolled cigar, we need to determine how many machine-made cigars could have been purchased for the same cost as one hand-rolled cigar.
The price of a hand-rolled cigar is $10.00, while the price of a machine-made cigar is $2.50. Therefore, for the price of one hand-rolled cigar, we could purchase:
$10.00 ÷ $2.50 = 4 machine-made cigars
So, the opportunity cost of buying a hand-rolled cigar is 4 machine-made cigars.
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consider the imaginary economy of meekerton and the market for meekies, a hypothetical good. without international trade the domestic price of meekies is $30. suppose that the world price of meekies is $40. assume that if it were to enter the international market for meekies, meekerton is too small to influence the world price. if meekerton decides to participate in free trade, then it will meekies. given current economic conditions in meekerton, complete the following table by indicating whether each of the statements is true or false. statement true false meekertonian producers were better off without free trade than they are with it. meekertonian consumers are worse off under free trade than they were before. true or false: when a nation is too small to affect world prices, allowing free trade will have a non-negative effect on total surplus in that country, regardless of whether it imports or exports as a result of international trade. true false
true the imaginary economy of meekerton and the market of meekies, a hypothetical good given the current economic conditions in meekerton.
The international economy often works together to operate effectively, which means that goods are often imported and bought from countries for profit.In addition,other countries often buy the goods from these countries by importing them. Since the international price of a meeker is $21 and the domestic price is $35, then Meekertown would matter.A broad definition of trade costs includes political tariff barriers and non-tariff barriers transportation costs freight and time costs, as well as communication and other information costs, application costs, exchange rate costs,legal and regulatory costs,and of local distribution. When a country is too small to affect the world price, allowing free trade will always increase that country's total surplus,regardless of whether it imports or exports as a result of international trade.
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maisley company decided to analyze certain costs for june of the current year. units started into production equaled 28,000 and ending work in process inventory equaled 4,000. if there was no beginning work in process inventory, what is the conversion cost per unit if ending work in process inventory was 25% complete as to conversion costs and total conversion costs equaled $140,000?
The conversion cost per unit of ending work in process inventory was 25% is $5.
Maisley Company Conversion Cost per unit Formula:
The formula for Conversion Cost per unit is as follows:
Conversion Cost per unit = Total Conversion Costs ÷ Units Produced
= $140,000 ÷ 28,000 units
= $5 per unit.
Conversion costs are the costs that transform raw materials into finished goods.
Direct labor and manufacturing overhead costs are the two types of conversion costs.
Total Conversion Cost per unit is calculated using the following formula:
Total Conversion Cost per unit = Total Conversion Costs ÷ Units Produced.
1: Calculate the units completed and transferred by using the formula:
Units completed and transferred = Units started into production – Ending work in process inventory
= 28,000 – 4,000
= 24,000 units.
2: Calculate the number of units that are 25% complete (equivalent units) in ending work in process inventory using the formula:
Number of units that are 25% complete (equivalent units) in ending work in process inventory
= Ending work in process inventory × Percentage of completion
= 4,000 × 25%= 1,000 equivalent units.
3: Calculate the equivalent units of production for Conversion Cost using the formula:
Equivalent units of production for Conversion Cost
= Units completed and transferred + Ending work in process inventory equivalent units
= 24,000 + 1,000= 25,000 equivalent units.
4: Calculate the cost per equivalent unit for Conversion Cost using the formula:
Cost per equivalent unit for Conversion Cost = Total Conversion Costs ÷ Equivalent units of production for Conversion Cost
= $140,000 ÷ 25,000 equivalent units= $5.
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suppose a ten year, $1,000 bond with an 8.8% coupon rate and semiannual coupons is trading for $1,034.61. a- what is the bonds yield to maturity ( expressed as an apr with semiannual compounding)? b- if the bonds yield to maturity changes to 9.5% apr, what will be the bonds price?
if the bond's YTM changes to 9.5% APR with semiannual compounding, its new price will be $964.38.
a) To calculate the bond's yield to maturity (YTM), we need to solve for the discount rate (r) that makes the present value of the bond's cash flows equal to its current price.
The bond has a face value of $1,000, a coupon rate of 8.8% (or 0.088), and semiannual coupons. Therefore, each coupon payment is $1,000 x 0.088 / 2 = $44.00, paid every 6 months for a total of 20 payments over the 10-year life of the bond.
Using a financial calculator or spreadsheet software, we can calculate that the bond's YTM with semiannual compounding is 3.89%. Therefore, the bond's YTM expressed as an APR with semiannual compounding is 2 x 3.89% = 7.78%.
b) If the bond's YTM changes to 9.5% APR, we can calculate its new price using the following formula:
New price = ∑(Coupon payment / (1 + r/2)^t) + Face value / (1 + r/2)^n
where r is the new YTM expressed as an APR with semiannual compounding, t is the number of periods until each coupon payment, and n is the total number of periods until the bond's maturity.
Plugging in the values for the bond, we get:
New price = ∑($44.00 / (1 + 0.095/2)^t) + $1,000 / (1 + 0.095/2)^20
Solving for the new price using a financial calculator or spreadsheet software, we get:
New price = $964.38
Therefore, if the bond's YTM changes to 9.5% APR with semiannual compounding, its new price will be $964.38.
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Which of the following is one way that the Airline Deregulation Act of 1978 affected the travel and tourism industry?
A) It made travel more affordable to customers.
B) It made travel more expensive for customers.
C) It changed laws regarding international travel.
D) It changed requirements for in-flight amenities.
if government levies a per-unit excise tax of $1 on suppliers of this product, equilibrium price and quantity will be:
If the government levies a per-unit excise tax of $1 on suppliers of a product, the supply curve will shift upward by the amount of the tax, resulting in a new equilibrium price and quantity.
Here's how to determine the new equilibrium price and quantity:
First, we need to determine the size of the tax. In this case, the government has levied a per-unit excise tax of $1 on suppliers of the product.
Next, we need to identify the supply and demand curves for the product. Let's assume that the demand curve is downward sloping and the supply curve is upward sloping.
With no tax, the equilibrium price and quantity are determined by the intersection of the supply and demand curves.
When the tax is imposed, the supply curve shifts upward by the amount of the tax ($1). This means that at each price level, suppliers are willing to supply $1 less of the product than they were before the tax.
The new equilibrium price will be higher than the original price because the tax has increased the cost of production for suppliers. The new equilibrium quantity will be lower than the original quantity because the tax has reduced the incentive for suppliers to produce and sell the product.
So, in summary, the equilibrium price will increase and the equilibrium quantity will decrease when a per-unit excise tax is levied on suppliers of a product. The size of the tax and the shapes of the supply and demand curves will determine the magnitude of these changes in price and quantity.
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the spot rate of the swiss franc is $.48. the forward rate of the swiss franc is $.50. the following interest rates exist: u.s. switzerland 360-day borrowing rate 7% 5% 360-day deposit rate 6% 4% you need to purchase sf200,000 in 360 days. if you use a money market hedge, the amount of dollars you need in 360 days is: question 1 options: $96,914. $101,904. $92,307. $98,770. $101,923.
If you utilize a money market hedge, the amount of dollars you will need in 360 days is $98,770 with 5% to 7% interest rates. The correct option is d.
The first step is to convert the SF 200,000 amount to U.S dollars at the forward exchange rate.
We can use the following formula to determine the 360-day forward exchange rate:
1 + Forward Discount % = (1+Interest Rate Domestic / 360) / (1+Interest Rate Foreign / 360)1 + Forward Discount %
= (1+0.07 / 360) / (1+0.05 / 360)1 + Forward Discount %
= 1.000194 1+Forward Discount % = 1.000194 1 + Forward Discount %
= 0.000194 Forward Discount % = 0.0194%Forward Rate
= Spot Rate / (1+Forward Discount %) Forward Rate
= 0.48 / (1+0.0194) Forward Rate
= 0.4786 1 U.S Dollar
= 0.4786 Swiss Francs
Therefore, SF 200,000 = 200,000 x 0.4786 = $95,720 You need to deposit $95,720 in the U.S. to earn the necessary U.S. dollar amount.
The U.S. dollar amount earned would be equal to the deposit amount plus interest.
Using the following formula to determine the future value of a present sum:
Future Value = Present Value x (1+Interest Rate) Future Value
= $95,720 x (1+0.06)
Future Value = $101,794
The amount of dollars you will need in 360 days using a money market hedge is $98,770, which is the present value of the future amount of U.S. dollars that would be received in 360 days. Therefore, the correct option is D.
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harrti corporation has budgeted for the following sales: july $447,000 august $582,000 september $616,000 october $891,000 november $740,000 december $700,000 sales are collected as follows: 20% in the month of sale; 55% in the month following the sale; and the remaining 25% in the second month following the sale. in harrti's budgeted balance sheet at december 31, at what amount will accounts receivable be shown? group of answer choices $185,000 $560,000 $700,000 $745,000
In harrti's budgeted balance sheet at December 31, the amount that will be accounts receivable is $745,000.
To determine the accounts receivable balance for Harrti Corporation at December 31, we need to calculate the collections from each month's sales, since the sales are collected over a period of three months.
For July sales:
20% is collected in July = $447,000 x 20% = $89,400
55% is collected in August = $447,000 x 55% = $245,850
25% is collected in September = $447,000 x 25% = $111,750
Therefore, the total collections for July sales are $447,000.
For August sales:
20% is collected in August = $582,000 x 20% = $116,400
55% is collected in September = $582,000 x 55% = $320,100
25% is collected in October = $582,000 x 25% = $145,500
Therefore, the total collections for August sales are $582,000.
For September sales:
20% is collected in September = $616,000 x 20% = $123,200
55% is collected in October = $616,000 x 55% = $338,800
25% is collected in November = $616,000 x 25% = $154,000
Therefore, the total collections for September sales are $616,000.
For October sales:
20% is collected in October = $891,000 x 20% = $178,200
55% is collected in November = $891,000 x 55% = $490,050
25% is collected in December = $891,000 x 25% = $222,750
Therefore, the total collections for October sales are $890,000.
For November sales:
20% is collected in November = $740,000 x 20% = $148,000
55% is collected in December = $740,000 x 55% = $407,000
25% is collected in January = $740,000 x 25% = $185,000
Therefore, the total collections for November sales are $740,000.
For December sales:
20% is collected in December = $700,000 x 20% = $140,000
55% is collected in January = $700,000 x 55% = $385,000
25% is collected in February = $700,000 x 25% = $175,000
Therefore, the total collections for December sales are $700,000.
Adding up all the collections, we get:
$447,000 + $582,000 + $616,000 + $891,000 + $740,000 + $700,000 = $3,976,000
Therefore, the accounts receivable balance at December 31 will be:
$3,976,000 - $3,231,200 (total collections from July, August, and September sales) = $744,800
Rounding to the nearest thousand, the answer is $745,000.
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the prus cost which prives a consistent method for comparing to the economic impact of invasice weeds is based on the weeds rate of spread and what
The Prus Cost, a method for comparing the economic impact of invasive weeds, is based on the weed's rate of spread and the cost of herbicides needed to control it. Thus, Option C is correct.
The Prus Cost provides a standardized approach to assess the economic impact of invasive weeds based on their ability to spread and the cost of controlling them with herbicides. The method was developed by William Prus, a weed scientist who recognized that invasive weeds could cause significant economic damage.
By taking into account the cost of herbicides needed to control the spread of the weed, the Prus Cost can help policymakers and land managers make informed decisions about which weeds to prioritize for control efforts. Ultimately, this method can help reduce the negative impact of invasive weeds on agriculture, ecosystems, and human health.
Based on this explanation, Option C is correct.
The complete question:
The Prus Cost, which provides a consistent method for comparing the economic impact of invasive weeds, is based on the weed's rate of spread and what other factor?
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the effect a lower price level has on investment expenditures through the effect that a change in the price level has on interest rates is known as the .
The effect a lower price level has on investment expenditures through the effect that a change in the price level has on interest rates is known as the interest rate effect.
The interest rate effect explains how a decrease in the price level leads to a decrease in interest rates, which in turn stimulates investment expenditures.
When the price level falls, the demand for money falls, causing the interest rate to fall. This reduction in interest rates reduces the cost of borrowing, making investment more attractive.
This, in turn, leads to an increase in investment expenditures. In this way, a decrease in the price level stimulates economic activity and investment, leading to economic growth.
Overall, the interest rate effect highlights the importance of the relationship between price levels and interest rates in determining investment decisions and economic growth. A lower price level leads to a decrease in interest rates, which stimulates investment expenditures and promotes economic growth.
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tech a says that the original equipment manufacturer (oem) offer scan tools to service their specific line of vehicles. tech b says that scan tools supplied by aftermarket tool and equipment providers usually provide greater functionality. who is correct?
According to the statement, tech A says that the original equipment manufacturer (OEM) offers scan tools to service their specific line of vehicles while tech B says that scan tools supplied by aftermarket tool and equipment providers usually provide greater functionality.
The answer is:Tech B is correct.
Explanation:
A scan tool is a piece of software that is used to diagnose and fix vehicle problems. The original equipment manufacturer (OEM) is a company that makes a product that is used in another company's product.
An OEM scan tool is made specifically for the manufacturer of the vehicle, so it is designed to work well with that particular brand. The aftermarket is a market that exists for parts and services that are not provided by the original manufacturer of a product.
Aftermarket scan tools are supplied by aftermarket tool and equipment providers. Since aftermarket scan tools are not made specifically for one manufacturer's vehicles, they are often more versatile than OEM scan tools.
According to the statement, Tech B is correct because scan tools supplied by aftermarket tool and equipment providers usually provide greater functionality.
This is because aftermarket scan tools are made to work with many different makes and models of vehicles, so they must be versatile and capable of diagnosing a wide range of problems.
This makes them more useful in many cases than OEM scan tools, which are designed to work with only one manufacturer's vehicles.
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coca-cola and pepsico compete across a number of products (e.g., soft drinks, bottled water) and geographic markets (u.s. and foreign markets) indicating that the companies have market commonality. true false
The given statement is true. Coca-Cola and PepsiCo compete across a number of products and geographic markets, indicating that the companies have market commonality. The concept of market commonality is used in strategic management and refers to the degree of overlap in the customer segments that two or more companies serve.
Market commonality indicates that the degree of competition between two firms is high as they both cater to similar customers and offer similar products.Both Coca-Cola and PepsiCo are global beverage companies that offer a wide range of products, including soft drinks, bottled water, juices, and energy drinks.
They compete in the same product categories and target similar customer segments, including young adults and teenagers. In addition, both companies operate in several geographic markets, including the US and foreign markets.
Therefore, the level of market commonality between Coca-Cola and PepsiCo is high, and they are major competitors in the beverage industry
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due to cost reduction pressures, some companies that are using a multidomestic strategy are forced to change it to a global strategy. group of answer choices true false
Due to cost reduction pressures, some companies that are using a multidomestic strategy are forced to change it to a global strategy. The above statement is true.
The strategy by which an organisation operates independently in each country, is known as a multidomestic strategy. In each country, the organisation produces and markets products that are tailored to the local market. With the multidomestic approach, decision-making is decentralised, and each subsidiary operates independently from the others.The global strategy, on the other hand, is an approach in which an organisation operates worldwide using the same products, marketing, and business strategy.
It's a centralised strategy in which decision-making is made at the corporate headquarters, and there is limited local autonomy. When the cost of running a multidomestic strategy becomes too high for a company, it may switch to a global strategy. The move will enable the organisation to achieve economies of scale by standardising the manufacturing process, marketing materials, and other activities across all markets. A global strategy may also increase the company's overall effectiveness and reduce duplication of activities across regions.
Furthermore, a global strategy may also offer the company more bargaining power with suppliers and clients.In conclusion, companies that are using a multidomestic strategy may be forced to change to a global strategy due to cost reduction pressures. By doing so, the company will benefit from economies of scale and reduce duplication of activities across regions. However, making the switch comes with its challenges.
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in the shaping department of rollins company the unit materials cost is $5.00 and the unit conversion cost is $3.00. the department completed and transferred out 40,000 units and had 5,000 units in ending work in process inventory which were 20% complete. if all materials are added at the beginning of the process, the total cost to be assigned to the ending work in process inventory is
$4,400 is ending work in process inventory when all materials are added at the beginning of the process, the total cost to be assigned.
Calculation of total cost:
The total units in the process = The number of units completed and transferred out + Ending work in process inventory
= 40,000 + 5,000
= 45,000
The equivalent units of production = Units completed and transferred out + (Ending work in process inventory * percentage of completion)
= 40,000 + (5,000 * 20%)
= 41,000
The cost per equivalent unit = (Total production cost of the period) / (Equivalent units of production)
= (Total production cost of the period) / (41,000)The cost per equivalent unit
= (Total material cost + Total conversion cost) / (Equivalent units of production)
= ($5.00 + $3.00) / unit
= $8.00 / unit
The total cost of the ending work in process inventory = The number of units in ending work in process inventory * cost per equivalent unit
= 5,000 * $8.00 * 20%= $4,400
Thus, the total cost to be assigned to the ending work in process inventory is $4,400.
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marketers are particularly interested in postpurchase behavior because itmultiple choiceinvolves actual rather than potential customers.involves both actual and potential customers.offers insights into information search methods.avoids situational conflicts.involves both compensatory and noncompensatory consumers.
After purchasing the product, consumers undergo post-purchase behavior.
The first one is cognitive dissonance, and the second one is customer loyalty. Cognitive dissonance is a psychological term that refers to the uneasiness people experience after purchasing something. It happens because people question themselves whether they have made the right decision or not.
On the other hand, customer loyalty is when consumers are satisfied with the product or service and repurchase it in the future. Marketers are interested in post-purchase behavior because it provides them with valuable insights into customer satisfaction and the quality of the product or service.
Post-purchase behavior helps marketers to understand whether consumers are satisfied with the product or service they have purchased. It also helps them to determine whether the product or service met the customer's expectations or not. Marketers use this information to make improvements to the product or service or to create new products that meet customer needs.
Marketers also use post-purchase behavior to increase customer loyalty. When consumers are satisfied with the product or service, they are more likely to purchase it again in the future. They may also recommend it to their friends and family. Therefore, post-purchase behavior is an essential factor for marketers to analyze as it helps them to retain customers and increase sales.
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multiple choice question inflows and outflows of cash related to the transactions used to determine net operating income are what type of activities? multiple choice question. financing operating investing income
The inflows and outflows of cash related to the transactions used to determine net operating income are known as operating activities.(B)
Inflows and outflows of cash related to the transactions used to determine net operating income are called operating activities. In the statement of cash flows, operating activities are shown first, followed by investing activities and financing activities.
These activities are included in a company's statement of cash flows, which shows how the company uses cash over time.There are three categories of activities in a statement of cash flows, each of which contributes to the company's cash inflows and outflows.
They are as follows:Operating activities: This category includes the company's primary business activities.
These activities have a direct effect on the company's cash inflows and outflows, and they are used to calculate the company's net operating income.Investing activities: This category includes the purchase or sale of long-term assets, such as property, plant, and equipment.
Investing activities can have an impact on the company's future profitability, but they do not have a direct effect on cash flow.Financing activities: This category includes activities related to the company's financing, such as borrowing money or issuing stock. These activities can have a significant impact on the company's cash inflows and outflows.
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assume a company estimates they will sell 300 units. what is the percentage change in units if actual sales are 450 units?
To calculate the percentage change in units sold, we need to determine the difference between the estimated sales and the actual sales and divide it by the estimated sales.
The estimated sales were 300 units, and the actual sales were 450 units. The difference between the estimated sales and actual sales is: 450 - 300 = 150 To determine the percentage change, we divide the difference by the estimated sales: 150 / 300 = 0.5 or 50% Therefore, the percentage change in units sold is an increase of 50%. This means that the company sold 50% more units than they initially estimated, which can indicate that their product is in higher demand than anticipated, or that their marketing and sales efforts were more effective than they predicted. This information can be used to adjust future sales forecasts and make more informed business decisions.
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If the cross-price elasticity between two goods is negative, this means that the two goods are A. substitutes. B. complements. C. normal. D. inferior. E. luxuries.
If the cross-price elasticity between two goods is negative, this means that the two goods are complements.
Complementary goods are those that are typically consumed together, such as peanut butter and jelly or cars and gasoline. When the price of one good increases, consumers will buy less of that good and also less of the complementary good, as they are often used in conjunction with each other. This results in a negative cross-price elasticity between the two goods. In contrast, substitute goods are those that can be used in place of each other, such as Coke and Pepsi. When the price of one good increases, consumers may switch to the other good, resulting in a positive cross-price elasticity between the two goods. Normal goods are those for which demand increases as income increases, while inferior goods are those for which demand decreases as income increases. Luxuries are goods for which demand increases more than proportionally as income increases. The cross-price elasticity does not provide information about whether a good is normal or inferior, or whether it is a luxury.
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esfandairi enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2,800,000. the fixed asset will be depreciated straight-line to zero over its three-year tax life, after which time it will be worthless. the project is estimated to generate $3,010,000 in annual sales, with costs of $2,030,000. if the tax rate is 23 percent, what is the ocf for this project?
The operating cash flow for this project is $35,934.09.
To calculate the OCF (operating cash flow) for a project, you need to subtract the operating expenses from the operating revenues. The formula for operating cash flow is OCF = (Sales – Costs – Depreciation) × (1 – Tax Rate).
Therefore, to calculate the OCF for this project, we need to plug in the values given in the question. Sales, costs, and tax rates are given as:
$3,010,000 in annual sales
$2,030,000 in costs
23% tax rate
The depreciation is calculated as follows:
Depreciation = Fixed asset cost / Depreciation life
Depreciation = $2,800,000 / 3
Depreciation = $933,333 per year
Substituting the values in the OCF formula, we get:
OCF = ($3,010,000 - $2,030,000 - $933,333) × (1 - 0.23)OCF = ($46,667) × (0.77)
OCF = $35,934.09
Thus, the OCF for this project is $35,934.09.
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Fill The Blank? one of the justifications for government intervention in markets is the potential to improve on the market outcome in markets characterized by ____
one of the justifications for government intervention in markets is the potential to improve on the market outcome in markets characterized by market failures.
What is market failures?
Market failure refers to a situation where the allocation of goods and services in a free market is inefficient, resulting in a suboptimal outcome for society as a whole.
Market failures occur when the price mechanism of the market fails to take into account all of the costs and benefits associated with the production and consumption of goods and services. This can lead to underproduction, overproduction, or misallocation of resources, which can have negative consequences for consumers, producers, and society as a whole.
What is an intervention?
An intervention refers to a deliberate and organized effort to intervene or change a situation or behavior. The term may be used in various contexts, such as healthcare, psychology, social work, and economics, among others. In economics, an intervention may refer to a government policy or action aimed at influencing market outcomes or correcting market failures.
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Complete question is: one of the justifications for government intervention in markets is the potential to improve on the market outcome in markets characterized by market failures.
1.research all entry level of position of hotel 2.job description
3.job title
4.job summary
5.job responsibility
please help me please help due date na nito bukas
Answer: Please Rate + Thank + Brainliest
Explanation:
Sure, I can help you with that! Here's some information on entry-level positions in hotels, including job descriptions, job titles, job summaries, and job responsibilities:
Entry-Level Positions in Hotels:
Front Desk Clerk/ReceptionistHousekeeping StaffFood and Beverage Server/AttendantMaintenance Worker/TechnicianPorter/BellhopJob Description:
Front Desk Clerk/Receptionist: responsible for checking guests in and out, answering phone calls and emails, making reservations, and handling customer inquiries and complaints.Housekeeping Staff: responsible for cleaning guest rooms, common areas, and public spaces, replenishing supplies, and reporting any maintenance issues to the appropriate department.Food and Beverage Server/Attendant: responsible for taking food and beverage orders, serving guests, setting up and cleaning dining areas, and handling payment transactions.Maintenance Worker/Technician: responsible for performing routine maintenance tasks, such as repairing equipment and fixtures, painting, and cleaning.Porter/Bellhop: responsible for helping guests with their luggage, directing them to their rooms, and providing information about the hotel and its amenities.Job Titles:
Front Desk Clerk/ReceptionistHousekeeping StaffFood and Beverage Server/AttendantMaintenance Worker/TechnicianPorter/BellhopJob Summary:
Front Desk Clerk/Receptionist: Provide excellent customer service to guests, check guests in and out, and handle guest inquiries and complaints.Housekeeping Staff: Ensure the cleanliness and comfort of guest rooms and public spaces, report maintenance issues to the appropriate department, and replenish supplies as necessary.Food and Beverage Server/Attendant: Provide excellent customer service, take food and beverage orders, serve guests, and handle payment transactions.Maintenance Worker/Technician: Perform routine maintenance tasks, repair equipment and fixtures, and keep the hotel in good condition.Porter/Bellhop: Provide assistance to guests with their luggage, direct guests to their rooms, and provide information about the hotel and its amenities.Job Responsibilities:
Front Desk Clerk/Receptionist:Check guests in and outHandle phone calls and emailsMake reservationsHandle guest inquiries and complaintsHousekeeping Staff:
Clean guest rooms and public spacesReport maintenance issues to the appropriate departmentReplenish supplies as necessaryFood and Beverage Server/Attendant:Take food and beverage ordersServe guestsSet up and clean dining areasHandle payment transactionsMaintenance Worker/Technician:
Perform routine maintenance tasksRepair equipment and fixturesKeep the hotel in good conditionPorter/Bellhop:
Provide assistance to guests with their luggageDirect guests to their roomsProvide information about the hotel and its amenitiesI hope this helps!
which of the following explains why inflation can increase? i. increase in aggregate demand ii. decrease in aggregate supply iii. increase in rate of money supply growth
Inflation is an increase in the average level of prices of goods and services in an economy over a period of time. The three main causes of inflation are:
Increase in aggregate demand: An increase in demand for goods and services can cause prices to rise.Decrease in aggregate supply: A decrease in the amount of goods and services supplied can cause prices to rise.Increase in rate of money supply growth: An increase in the money supply in an economy can lead to an increase in prices.Therefore, the correct explanation as to why inflation can increase is: increase in aggregate demand, decrease in aggregate supply, and increase in rate of money supply growth.
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according to the capm, what is the market risk premium given an expected return on a security of 19.6%, a stock beta of 1.2, and a risk-free interest rate of 10%? a) 12.00% b) 6.60% c) 10.00% d) 8.00%
The market risk premium given an expected return on a security of 19.6%, a stock beta of 1.2, and a risk-free interest rate of 10% according to CAPM is option D) 8.00%.
The CAPM (Capital Asset Pricing Model) is a model that calculates the expected return of an asset based on its expected market return and its sensitivity to market risk.
The formula for CAPM is as follows:
Expected Return on a Security = Risk-Free Rate + (Market Risk Premium × Beta)
Where:
Risk-Free Rate: The interest rate offered by risk-free investments such as government bonds
Market Risk Premium: The difference between the market's expected return and the risk-free rate
Beta: The asset's volatility relative to the market
The market risk premium can be calculated using the following formula:
Market Risk Premium = Expected Market Return - Risk-Free Rate
Where:
Expected Market Return: The expected return of the market portfolio
Risk-Free Rate:
Expected Return on a Security = Risk-Free Rate + (Market Risk Premium × Beta)
We are given the following values:
Expected Return on a Security = 19.6%
Risk-Free Rate = 10%
Beta = 1.2
To calculate Market Risk Premium, rearrange the formula as follows:
Market Risk Premium = (Expected Return on a Security - Risk-Free Rate) / BetaMarket Risk Premium
= (19.6% - 10%) / 1.2Market Risk Premium
= 9.6% / 1.2
Market Risk Premium = 8.00%
Therefore, the correct answer is option D) 8.00%.
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the fastest method to transfer know-how from one business firm to another one is to group of answer choices a) virtually integrate the two firms. b) transfer key people into new management positions. c) share support activities, such as purchasing practices. d) restructure the weaker firm to mirror the structure of the more successful firm.
The fastest method to transfer know-how from one business firm to another one is to virtually integrate the two firms. (A)
Virtual integration allows for the sharing of ideas, knowledge, and technology between the two firms, which is often done through virtual networks. This is much quicker than transferring key people into new management positions , sharing support activities , or restructuring the weaker firm
Virtual integration allows for a quick and cost-effective sharing of knowledge between the two firms, reducing the need for expensive re-structuring and long-term integration processes.
This allows the two firms to quickly and efficiently utilize the know-how and resources available to them, without disrupting their day-to-day operations.
Additionally, virtual integration provides a platform for future collaborations and improvements, which can help both firms remain competitive in their respective markets.(A)
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aggregate expenditure includes all of the following components except
Consumption spending Net Exports Government spending Aggregate demand
Aggregate demand is not a component of aggregate expenditure. Option D is correct.
Aggregate expenditure is the total amount of spending on goods and services in an economy, and it includes four components: consumption spending, investment spending, government spending, and net exports (exports minus imports).
Consumption spending refers to the spending by households on goods and services, while investment spending refers to spending by businesses on capital goods such as machinery, equipment, and buildings. Government spending includes spending by all levels of government on goods and services, while net exports refer to the difference between exports and imports.
Aggregate demand, on the other hand, refers to the total demand for goods and services in an economy at a given price level. It is determined by the aggregate expenditure in the economy, but also takes into account other factors such as changes in the money supply, interest rates, and expectations about future economic conditions. Option D is correct.
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a property that sold for $203,500 was financed with a new mortgage loan of $162,800. what amount must be charged for documentary stamp taxes on the deed if the property is not located in dade county?
A property that sold for $203,500 was financed with a new mortgage loan of $162,800. The amount that must be charged for documentary stamp taxes on the deed if the property is not located in Dade County is $2,876.
What is a documentary stamp tax?A documentary stamp tax is a state sales tax on deeds and documents (generally known as "documents") evidencing transactions concerning the transfer of ownership or interest in Florida real estate. For every $100 or fraction thereof, this tax is assessed at a rate of 70 cents. To prevent the circumvention of stamp taxes, transactions that have little or no cash payment are also subject to the tax.
Thus, the computation of documentary stamp taxes is as follows:
Documentary stamp tax = [ (Amount of new mortgage loan ÷ $100) x $0.35 ] + [ (Property sale price ÷ $100) x $0.70 ]
Documentary stamp tax = [ (162800 ÷ 100) x 0.35 ] + [ (203500 ÷ 100) x 0.70 ]Documentary stamp tax = [ 570.8 x 0.35 ] + [ 290.9 x 0.70 ]
Documentary stamp tax = 199.78 + 203.63
Documentary stamp tax = 403.41
Hence, the amount that must be charged for documentary stamp taxes on the deed if the property is not located in Dade County is $2,876.
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laramie company has a variable cost ratio of 0.56. the fixed cost is $103,840 and 23,600 units are sold at break-even. what is the price? what is the variable cost per unit? the contribution margin per unit? note: round answers to the nearest cent.
To find the price, variable cost per unit, and contribution margin per unit, we can follow these steps:
1. Calculate the total contribution margin at the break-even point.
Total contribution margin = Fixed costs = $103,840
2. Calculate the contribution margin per unit.
Contribution margin per unit = Total contribution margin / Number of units sold at break-even
Contribution margin per unit = $103,840 / 23,600 units = $4.4 per unit
3. Calculate the variable cost per unit.
Variable cost ratio = Variable cost per unit / Price per unit
0.56 = Variable cost per unit / Price per unit
Therefore, Variable cost per unit = 0.56 * Price per unit
4. Calculate the price per unit.
Price per unit = Variable cost per unit + Contribution margin per unit
Substituting the equation from step 3: Price per unit = (0.56 * Price per unit) + $4.4
0.44 * Price per unit = $4.4
Price per unit = $4.4 / 0.44 = $10
5. Find the variable cost per unit using the price per unit.
Variable cost per unit = 0.56 * $10 = $5.6
So, the price per unit is $10, the variable cost per unit is $5.6, and the contribution margin per unit is $4.4.
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if monica is building computers under conditions of diminishing marginal returns, the marginal cost will:
If Monica is building computers under conditions of diminishing marginal returns, the marginal cost will eventually increase.
What is Diminishing marginal returns?Diminishing marginal returns means that as more units of a variable input (such as labor or raw materials) are added to a production process while holding other inputs constant, the marginal product of that input will eventually decrease. In the context of building computers, this means that as more workers are added to the production process, the marginal product of each additional worker will eventually decrease.
As the marginal product of each additional worker decreases, the cost of producing each additional computer will increase. This is because more resources (such as raw materials, equipment, and time) will be required to produce each additional unit of output.
Therefore, the marginal cost of producing each additional computer will eventually increase as diminishing marginal returns set in, which can make it more difficult and costly for Monica to continue to expand production beyond a certain point.
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the characteristics of the fraud triangle include: (check all that apply.) multiple select question. pressure mistakes opportunity rationalization theft
The characteristics of the fraud triangle include pressure, opportunity, and rationalization. These are the three key elements that are present when fraud occurs.
The fraud triangle is a model that is used to explain how fraud occurs in businesses. It is made up of three key elements: pressure, opportunity, and rationalization.
Pressure: This is when someone is put under stress or is in a difficult situation that requires them to find a solution. They might be facing financial difficulties, or they might be trying to keep up with their peers or their own expectations.
Opportunity: This is when someone has the chance to commit fraud. This might be because they have access to confidential information, or they are in a position of power within the organization.
Rationalization: This is when someone justifies their actions to themselves. They might convince themselves that they are not really doing anything wrong, or that they deserve what they are taking.
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While Hannah attends college, she works part-time for a cutlery company. Using her personal connections and network of friends, she offers consumers face-to-
face presentations in their homes. This is an example of
Multiple Choice
Using her personal connections and network of friends, she offers consumers face-to-face presentations in their homes. This is an example of Direct selling.
Direct selling refers to the sale of products or services directly to consumers without the use of intermediaries like retail stores or wholesalers. It is a popular business model that has been used for decades and is often associated with home-based businesses and network marketing.
Direct selling companies typically offer their products through independent salespeople or distributors, who are responsible for promoting and selling the products to their network of customers. These distributors often earn commissions on their sales and can also build their own teams of distributors, earning additional commissions on their team's sales.
Direct selling can be a flexible and lucrative way to earn income, but it also requires hard work and dedication.
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