Abby can purchase a secondary data to report for $500 or create primary data by surveying 300 people at a cost of $1.33 person. Which is cheaper?
Answers
Answer:
The cheaper option would be Option 2.
Explanation:
Option 2 would be cheaper because you would take 300 x 1.33 and that would give you 399. 500 is greater than 399.
In a situation where Abby can purchase a secondary data to report for $500 or create primary data by surveying 300 people at a cost of $1.33 a person, the cost of primary data is cheaper than the secondary cost.
What is the significance of cost?Cost of goods or services can be referred to or considered as the cost derived by an individual in order to get access to such goods or services. The costs of different alternative can be compared to make a rational decision between two products.
From the given information, the cost of collecting and creating primary data for 300 people will be 300 × 1.33 = $400. If a rational decision is to be made, it can be concluded that primary data costs cheaper.
Therefore, the significance regarding cost of the primary data has been aforementioned.
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Related Questions
Son los que se produjeron en determinado periodo: los costos de los productos vendidos o los costos de los que se encuentran en proceso
Answers
La respuesta correcta para esta pregunta abierta es la siguiente.
A pesar de que no se anexan opciones o incisos para responder, podemos decir lo siguiente.
Aquí estamos hablando de los costos históricos. Estos costos son los que se produjeron en determinado periodo: los costos de los productos vendidos o los costos de los que se encuentran en proceso.
Un buen contador dentro de la empresa, se basará en estos costos históricos para poder predecir o proyectar los costos predeterminados y tener cierta información de lo que puede suceder a corto o mediano plazo.
Recordemos que esos costos predeterminados son necesarios para que los contadores puedan elaborar presupuestos lo más apegados a la realidad y se puedan ajustar con el tiempo. Para elaborar estos costos predeterminados, el contador hace uso de herramientas estadísticas.
The aggregate demand curve will shift to the right ________ the initial decrease in taxes.
Answers
The aggregate demand curve will shift to the right by more than the initial decrease in taxes.
What is economics?Economics can be defined as a social science, which studies human human behavior in relation to ends an scarce means which have alternative uses
So therefore, the aggregate demand curve will shift to the right by more than the initial decrease in taxes.
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question 2- a company is considering replacing an old machine with a new one. the old machine has a current book value of $40,000 and a remaining useful life of 5 years. the new machine costs $100,000 and has a useful life of 5 years. the new machine is expected to generate annual cash inflows of $35,000, while the old machine is expected to generate annual cash inflows of $20,000. assume an interest rate of 10%.
. A) Calculate the benefit-cost ratio of each machine. (1 point) B) Calculate the incremental cash flow between them. ( 0.5 point) C) Calculate the benefit-cost ratio of the incremental cash flow. Which machine provides the best option for the company? ( 0.5 point)
Previous question
Answers
The benefit-cost ratio is 0.35. The incremental cash flow between the two machines is $15000. The benefit-cost ratio of the incremental cash flow is 0.25.
A) To calculate the benefit-cost ratio for each machine, divide the annual cash inflow by the cost.
Old machine:
Benefit: $20,000 (annual cash inflow)
Cost: $40,000 (book value)
Benefit-cost ratio = 20,000 / 40,000 = 0.5
New machine:
Benefit: $35,000 (annual cash inflow)
Cost: $100,000 (purchase cost)
Benefit-cost ratio = 35,000 / 100,000 = 0.35
B) To calculate the incremental cash flow between the two machines, subtract the old machine's annual cash inflow from the new machine's annual cash inflow.
Incremental cash flow = $35,000 (new machine) - $20,000 (old machine) = $15,000
C) To calculate the benefit-cost ratio of the incremental cash flow, divide the incremental cash flow by the incremental cost.
Incremental cost = $100,000 (new machine) - $40,000 (old machine) = $60,000
The benefit-cost ratio of incremental cash flow = $15,000 (incremental cash flow) / $60,000 (incremental cost) = 0.25
Comparing the benefit-cost ratios, the old machine has a higher ratio of 0.5 compared to the new machine's 0.35 and the incremental cash flow's 0.25. Therefore, the old machine provides the best option for the company in terms of the benefit-cost ratio.
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A company had the following transactions during December: Sold merchandise on credit for 5,000
Answers
Here are the general journal entries to record the transactions. Every transaction affects two accounts, one is debited and the other one is credited.
Dec. 1:
Debit: Accounts Receivable (Customer A) $5,000
Credit: Sales $5,000
Debit: Cost of Goods Sold $3,500
Credit: Inventory $3,500
Dec. 3:
Debit: Cash $720
Credit: Inventory $720
Dec. 4:
Debit: Accounts Payable (Supplier B) $2,600
Credit: Purchases $2,600
Credit: Inventory $2,600
Note: The terms "3/10, n/30" refer to a discount that the customer can take if they pay within 10 days (3%) and the transactions is due within 30 days from the date of the sale. The terms "1/20, n/30" refer to a discount that the supplier is offering if the company pays within 20 days (1%) and the transactions is due within 30 days from the date of purchase.
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The complete Question is:
The perpetual inventory system and had the following transactions during December.
Dec. 1 Sold merchandise on credit for $5,000, terms 3/10, n/30. The items sold had a cost of $3,500.
Dec. 3 Purchased merchandise for cash, $720.
Dec. 4 Purchased merchandise on credit for $2,600, terms 1/20, n/30.
Prepare the general journal entries to record these transactions.
Federated Manufacturing Incorporated (FMI) produces electronic components in three divisions: industrial, commercial, and consumer products. The commercial products division annually purchases 10,600 units of part 23–6711, which the industrial division produces for use in manufacturing one of its own products. The commercial division is growing rapidly; it is expanding its production and now wants to increase its purchases of part 23–6711 to 15,600 units per year. The problem is that the industrial division is at full capacity. No new investment in the industrial division has been made for some years because top management sees little future growth in its products, so its capacity is unlikely to increase soon.
The commercial division can buy part 23–6711 from Advanced Micro Incorporated or from Admiral Electric, a customer of the industrial division now purchasing 680 units of part 88–461. The industrial division's sales to Admiral would not be affected by the commercial division’s decision regarding part 23–6711.
Industrial Division:
Data on part 23–6711:
Price to commercial division $ 197
Variable manufacturing costs 158
Price to outside buyers 211
Data on part 88–461:
Variable manufacturing costs $ 65
Sales price 95
Other Suppliers of Part 23–6711:
Advance Micro Incorporated, price $ 206
Admiral Electric, price 216
Required:
1. What is FMI’s unit cost if the commercial division buys its additional 5,000 units of part 23–6711 from the industrial division? From FMI’s perspective, from which supplier (industrial division, Advance Micro Incorporated, or Admiral Electric) should the commercial division buy the additional units? If the sale were made internally, what would the correct transfer price be?
2. Assume that the industrial division’s sales to Admiral will be canceled if the commercial division does not buy from Admiral. What would be FMI’s unit costs of (a) internal transfer and (b) purchasing from Admiral in this case? Would the correct transfer price change?
Answers
FMI's unit cost if the commercial division buys the additional 5,000 units from the industrial division would be $158. From FMI's perspective, the commercial division should buy the additional units from Admiral Electric. If the sale were made internally, the correct transfer price would be $158.
If the industrial division's sales to Admiral are canceled, FMI's unit costs of (a) internal transfer would still be $158, and (b) purchasing from Admiral would be $216. The correct transfer price would not change.
To determine FMI's unit cost if the commercial division buys from the industrial division, we consider the variable manufacturing costs of $158. Comparing prices, Admiral Electric offers the lowest price at $216, making it the preferred supplier for the commercial division. If the sale is internal, the correct transfer price should match the variable manufacturing cost of $158 to ensure cost consistency within FMI.
If the industrial division's sales to Admiral are canceled, it does not affect the unit cost of the internal transfer, which remains at $158. However, if the commercial division purchases from Admiral, the unit cost becomes $216. The correct transfer price remains unchanged at $158, as it is based on the internal variable manufacturing cost and not influenced by external pricing factors.
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The demand function for beef is Qd = 100 – 3P and supply function for beef is Qs = 10 +2P. Price elasticity of demand is – 0.1 and price elasticity of supply is 0.02. ii. Calculate new price of beef in the market when government introduces a specific tax of N$0.25 per kg.
Answers
Given:Demand function: Qd = 100 - 3PSupply function: Qs = 10 + 2PPED = -0.1PES = 0.02Tax: N$0.25 per kgNow, we know that the formula for the incidence of the tax is (PED/PES) x Tax.Incidence of tax = (-0.1/0.02) x 0.25 = -1.25After the introduction of tax, the effective demand function becomes Qd = 100 - 3(P + 0.25) = 75 - 3P.
On solving the two equations, 75 - 3P = 10 + 2P + 5 => P = N$20Therefore, the new price of beef is N$20 per kg. Hence, the price of beef has increased by N$5 per kg due to the introduction of the specific tax of N$0.25 per kg.In more than 100 words, we can explain the following:In the given scenario, the demand function for beef is Qd = 100 – 3P and the supply function for beef is Qs = 10 +2P. The price elasticity of demand (PED) is -0.1 and the price elasticity of supply (PES) is 0.02. When the government introduces a specific tax of N$0.25 per kg, it results in a shift in the supply curve towards the left. This, in turn, leads to an increase in the price of beef and a decrease in its quantity.
The formula for the incidence of the tax is (PED/PES) x Tax. On substituting the given values, we get (-0.1/0.02) x 0.25 = -1.25. This means that the burden of tax falls more on the buyers than the sellers, which is reflected in the greater magnitude of the incidence of the tax. After the introduction of tax, the effective demand function becomes Qd = 75 - 3P. On solving the two equations, we get P = N$20. Therefore, the new price of beef is N$20 per kg. This represents an increase of N$5 per kg due to the introduction of the specific tax of N$0.25 per kg.
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Given a fixed supply of money and a downward sloping aggregate demand curve, an increase in money demand will ________ the price paid for its use, otherwise known as the ______. Multiple choice question. not change; interest rate raise; interest rate lower; interest rate lower; discount rate raise; discount rate
Answers
Money supply is the total amount of money in circulation which includes coins, cash and balance in savings account in a country at a period of time.
Given a fixed supply of money and a downward sloping aggregate demand curve, an increase in money demand will not change the price paid for its use, otherwise known as the discount rate.A change the money supply in a country causes a change in aggregate demand. An increase in the money supply causes increase in aggregate demand and a decrease in the money supply causes decrease in aggregate demand.Therefore, an increase in money demand will not change the price paid for its use, otherwise known as the discount rate.
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HELP PLEASE, THIS IS TIMED!!!!!!
Answers
Explanation:
I think the answer it's c
what do limited partners in a business give up ? why ?
Answers
Answer:In return for giving up management power, limited partners get the benefit of protection from personal liability. This means that a limited partner can't be forced to pay off business debts or claims with personal assets. A limited partner, however, can lose his or her financial investment in the business.
Explanation:
Marietta opts into a Target app. When she enters a Target store, small Bluetooth devices scattered throughout the store send signals to her phone with personalized deals and information. This is an example of ______ technology.
a. tag.
b. RFID.
c. alien.
d. beacon.
Answers
Assuming small Bluetooth devices scattered throughout the store send signals to her phone. This is an example of d. beacon technology.
What is beacon technology?Beacon technology can be defined as a tiny or small wireless transmitter technology that help to send signals to devices.
One of the example of beacon is blutooth devices. Despite small in size they help to send signal to phone or user device and they as well makes use of low energy.
Inconclusion this is an example of d. beacon technology.
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A municipal securities dealer has just made a contribution to the mayor's reelection campaign. How long must the firm wait before it can enter competitive bids on proposed bond issues by the city
Answers
Answer:
The appropriate answer is "No waiting period".
Explanation:
Terms of attitude method similar to a relationship, recognize, warrant, the identification card of ability to participate and perhaps other responsibility made available by such a governmental entity or about there departments. The phrase "municipal securities vendor" applies to any individual engaged throughout the business of auctioning municipal securities according to their consideration, across some kind of broker or anything else.Which factors reduce the cost of borrowing from a bank?
Answers
There are several factors that can reduce the cost of borrowing from a bank.
Firstly, having a good credit score can significantly reduce the interest rate on loans. Secondly, offering collateral or security can also reduce the cost of borrowing as it minimizes the risk for the bank. Thirdly, shopping around for the best loan deals and negotiating with the bank can also lead to lower interest rates. Finally, borrowing during times of low-interest rates or taking advantage of promotional offers can also help to reduce the cost of borrowing. Overall, it is important to do your research and explore different options in order to find the best deal and reduce the cost of borrowing from a bank.
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Which post-secondary program requires minimal prerequisites?
Answers
Answer with Explanation:
It depends upon the college or university you choose. If you are choosing a foreign college or university then following are the possible minimal pre-requisites:
Age FactorAttained Marks percentage Language Speaking requirement which includes taking an English speaking, learning and writing test. Examples of approved english skills tests programs are TOEFL, IELTS, etc.Minimum Fee depositCharacter CertificateValid PassportPersonal Information Providing Field oriented report which explains why you want to opt this program.Other requirements depending upon the course, university and law that governs the territory in which the institute operates.How should you dress for a phone interview? (Site 1)
online content
Answers
Answer:
You should at least have a nice top on because only the camera will see that. If you are a girl you could just wear a dress, probably a black one because that is what I wore to my interview yesterday because there is no pattern or anything it's just a plain black one, but that was in person. if you're a guy you need to wear a suit and tie,but you could probably just wear shorts because they won't see the bottom half of you
Explanation:
I hope this helps out a little bit :-)
An interview is a formal process by which an employee is assessed for his/her performance by the employer.
For a phone interview, one should be dressed properly as the interviewer can see you through the camera.
For a girl, you should be dressed nicely and no revealing or extra shiny clothes should be wore.
In the case of a man, one should be properly dressed in suits or formal shirts.
Try to wear dark black or blue coloured clothes and sit in a properly lighted area.
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Use the following quote to answer the question.
"The power to propose the revision or amendment of any portion or portions of this constitution by initiative is reserved to the people, provided that, any such revision or amendment, except for those limiting the power of government to raise revenue, shall embrace but one subject and matter directly connected therewith."
The quote above is from the
Answers
Answer:
The Florida Constitution Article XI: Section 3
Explanation:
The above article is an extract from the Florida Constitution Article XI: Section 3. It extends the power to amend any sections of the constitution to the people except for limiting the government's power to raise revenue.
Answer: this quote is from the Florida constitution
Explanation:
hope this helps
Regina spends three hours each day working as an online customer service representative for a retailer. She can choose her own hours, within reason. The job works out well for her since she has a new baby that she cares for much of the day. The retailer does not provide her or the other 200 customer service reps with workspace, which constitutes a sizeable cost savings for the company. Regina participates in
Answers
Answer:
Home-based work
Explanation:
Home based work is a type of work in which the individual carry out their functions and responsibilities from the comfort of his/her home. The employee makes contact with the company through the phone or internet.
Home-based workers sell goods to the customers directly from the house. The advantages of working from home include:it gives the individual control over their schedule, it's creates time for personal growth, it reduces the unnecessary money spent on transportation, it gives the employee full control over their income.
Answer:
Home Based Work
Explanation:
Home-based work is the work that the person can perform at his own house or somewhere else where he desires but not at the company place of work. Suppose Regina is traveling to New York, after arriving at New York she can work on the assignment at the airport or at a hotel. So its dependent upon the person. The home based workers can mostly plan when to work on the assignment and when to not. So Regina is mostly free of the restrictions of the traditional work space and working from her house so she is a home based worker.
A company introduces a new product at low pricing to help capture a large market share early this is called
Answers
A company introduces a new product at low pricing to help capture a large market share early this is called price skimming.
When a new type of product enters the market, price skimming is often used then. The goal here is to gather as much revenue as possible while the consumer demand is high and competition has not entered the market.
So once these goals are met, the original product creator will mostly lower prices in order to attract more cost-conscious buyers while remaining competitive toward any lower-cost similar items entering the market.
Hence, firms often use price skimming in order to recover the cost of development.
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Describe an invention that you want to invent. Why is it important to get it patented? (respond in 3 or more sentences)
Answers
An invention that I want to want to invent is an application that helps to detect cancer early and can be used at home and office.
The important reason to get it patented so that no one can claim ownership or copy it as their own innovation.
What is patent all about?A patent is seen as a priceless corporate asset and a crucial commercial instrument that may be applied in a variety of ways. There are several reasons why you might decide to submit a patent application, including:
In acquiring exclusive rights such that a patent gives you a 20-year monopoly over the invention.Filing a patent for an innovation that might not be commercialized is a defensive step meant to stop a rival from defending the same idea.To strengthen your position in the market, you can stop others from exploiting your patented idea for commercial purposes by securing exclusive rights. This will position you as the key player in the industry.Therefore, You have the right to prevent others from copying, producing, selling, or importing your innovation without your consent if you have a patent.
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A manager who involves members of the team in decisions is using which management style?
A.
Authoritarian
B.
Hands-off
C.
Participative
D.
Autocratic
Answers
Answer:
c.
Explanation:
Answer:
i think its c) to
Explanation:
An associate broker terminates with a broker. The employing broker refuses to turn the license over to the Commission. Which of the following is true?
a. Automatic fine for the Employing Broker
b. The Employing Broker may be subject to disciplinary action
c. Employing broker's license is immediately suspended
d. Both associate and employing brokers may have their licenses canceled
Answers
Answer:
d. Both associate and employing brokers may have their licenses canceled
Do you believe the government should play a role in speeding up or slowing down the economy
Answers
Answer:
Yes I do believe they should because it is important to speed up economy's rate of growth
The most problematic sources are those that: A. Provide the least information about their author and original source of information B. Contain information that is biased C. Contain information only from secondary sources D. Provide one outlook on the information being presented
Answers
The most problematic sources are those that provide the least information about their author and original source of information. A material or device that emits radiation, whether ionising or non-ionizing, and that needs to be licensed by the Australian Radiation.
The protection and Nuclear Safety Authority is referred to as a problematic source. Investments, operations, and financing These three streams of business cash flow can significantly impact the development and viability of your organization. The sources of company finance include retained earnings, equity, term loans, debt, letters of credit, debentures, euro issuance, working capital loans, the venture capital investments, etc.
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Answer: I believe the answer is A.
Explanation: I really hope this helps and have a fabulous day!
state three
function of warehousing
Answers
Answer:
-Storage
-Financing
-Price Stabilization
-Time utility
Explanation:
Dotty's is a high fashion boutique, owned by entrepreneur Daisy Smith. The
business has been open a year, and specialises in designer outfits for women.
Daisy made the decision to set up the business after working in a high street
chain for five years.
Which of the following does NOT analyse how entrepreneurial skills will enable
Daisy's business to be more financially successful?
Answers
Answer: By being organized, Daisy will be abke to ensure that her business runs more smoothly and that she has stock in the shop when is is needed and the suppliers are paid on time. This could lower the levels of stress experienced by Daisy and lead to her enjoying a better work life balance.
Explanation:
The option that doesn't analyse how entrepreneurial skills will enable
Daisy's business to be more financially successful is that "By being organized, Daisy will be abke to ensure that her business runs more smoothly and that she has stock in the shop when is is needed and the suppliers are paid on time. This could lower the levels of stress experienced by Daisy and lead to her enjoying a better work life balance".
We should note that while other options shows that there will be an increase in customer, increase in sales and lead her to be more financially successful, this particular option only relates to her work-life balance and not have an impact on her financial stability.
What particular conditions that MNCs face in emerging markets may require specialized strategies What strategies might be most appropriate in response? How might a company identify opportunities at the "base of the pyramid" (i. E. , low-income markets)?
Answers
MNCs in emerging markets require specialized strategies to address unique conditions, while identifying opportunities at the "base of the pyramid" necessitates understanding low-income markets.
Emerging markets present unique challenges for MNCs due to various factors such as cultural differences, regulatory complexities, inadequate infrastructure, and income disparities. To effectively navigate these conditions, MNCs may need to adopt specialized strategies. These strategies could include localization efforts to adapt products and services to local preferences, building strong relationships with local stakeholders, engaging in corporate social responsibility initiatives to address social and environmental concerns, and implementing flexible business models to overcome infrastructure limitations.
Identifying opportunities at the "base of the pyramid" entails recognizing the potential of low-income markets as viable business prospects. Companies can identify these opportunities by conducting market research to understand the specific needs, preferences, and constraints of the target market segment. They can also explore partnerships with local organizations, leverage technology and innovation to develop affordable and inclusive products and services, and implement distribution strategies that reach underserved areas.
By implementing specialized strategies and identifying opportunities at the "base of the pyramid," MNCs can effectively address the unique conditions and challenges of emerging markets, create sustainable business models, and contribute to inclusive economic growth and development.
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Critique the following statement: “Safety is not important in offices or retail workplaces.”
Answers
Answer:
Safety is important in every workplace. Even in low risk work places, there are certain occupational hazards, like musculoskeletal disorders, including carpal tunnel syndrome and repetitive stress injuries.
Explanation:
The answer the site said after I took it
Answer:
Safety is important in every workplace. Even in low risk work places, there are certain occupational hazards, like musculoskeletal disorders, including carpal tunnel syndrome and repetitive stress injuries.
Explanation:
Sample answer; edge 2021
Your revenue is $353,522. Your Cost of Goods Sold are $124,555 and your Operating expenses are $170,124. What is your gross margin?
Answers
Answer:
$228,967
Explanation:
Gross margin or gross profit is the amount of money remaining after subtracting the cost of goods sold from net sales. The net sale is the actual Revenue after adjusting for discounts, returns, and damaged inventory.
Gross margin is calculated using the formula,
Gross margin = Revenue - costs of goods sold
In this case
Gross margin = $353,522- $124,555
Gross margin =$228,967
How can diversity in the workplace make a company more competitive in a global market?
a)Diversity inhibits critical thinking and prevents disagreement among team members about global business strategies.
b)Diversity minimizes group think and can bring new ideas, attitudes, and experiences to the development of global products and services.
c)Diversity promotes global domination of the marketplace.
d)Diversity is a moral virtue, and morals are consistent worldwide.
Answers
Answer:
A: Diversity inhibits critical thinking and prevents disagreement among team members about global business strategies
if the market wage for each worker rose from $100 to $125 per day, how many workers would the firm hire?
Answers
To determine how many workers the firm would hire given a change in the market wage, we need additional information about the firm's labor demand and the productivity of workers.
In general, the firm will hire workers up to the point where the marginal benefit of hiring an additional worker (the additional output produced) is equal to the marginal cost of hiring that worker (the wage rate). This principle is known as the marginal productivity theory of labor.
If we assume that the firm operates in a competitive labor market and that the productivity of workers remains constant, we can make a simplified assumption that the firm will hire workers until the marginal benefit (additional output) is equal to the market wage.
Let's assume that the firm's current production level is such that hiring one additional worker will increase output by 100 units. If the market wage increases from $100 to $125 per day, the firm will compare the additional output it can gain from hiring one more worker (100 units) to the increased cost of the wage ($25).
If the marginal benefit (additional output) of hiring one more worker is greater than the increased cost (wage increase), the firm will hire that additional worker. If not, the firm may choose to hire fewer workers or not hire any additional workers.
However, it's important to note that the actual number of workers the firm will hire depends on various factors, such as the firm's overall production needs, the elasticity of labor demand, the availability of substitute inputs, and the firm's profit-maximizing objectives. Without more specific information about these factors, it is difficult to provide an exact number of workers the firm would hire in this scenario.
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Which of the following is not a fixed cost? *
O monthly gym membership
car payment
O rent
O vacation/recreation/fun expenses