Job order manufacturing and process manufacturing are two major costing systems used in manufacturing. The unique feature for process costing system is the concept of equivalent units. Read chapter 16 and answer below questions: 1) What is meant by equivalent units of production, and why are they important when a process cost accounting system is used

Given:

Area of a rectangle is \(600 \text{cm}^2\).

Breadth is two-third of its length.

To find:

The length and breadth of the rectangle​ .

Solution:

Let x cm be the length of the rectangle.

Then, Breadth or width of the rectangle = \(\dfrac{2}{3}x\) cm

Area of a rectangle is

\(Area=Length \times Breadth\)

\(600=x \times \dfrac{2}{3}x\)

\(600=\dfrac{2}{3}x^2\)

Multiply both sides by 3.

\(1800=2x^2\)

Divide both sides by 2.

\(900=x^2\)

Taking square root on both sides.

\(\pm \sqrt{900}=x\)

\(\pm 30=x\)

Length cannot be negative. So, x=30.

Now,

Length = \(30\text{ cm}\)

Breadth = \(\dfrac{2}{3}\times 30\text{ cm}\)

             = \(2\times 10\text{ cm}\)

             = \(20\text{ cm}\)

Therefore, the length of the rectangle is 30 cm and the breadth is 20 cm.

If the government sets a $4 price cap, then Product A's price is constrained to $4. Due to a difference between the amount provided and the quantity required at the price of $4 (D1), there may be a market

A government is a structure or a collection of individuals having the authority to enact and uphold rules and regulations for a group of people, a society, or a whole nation. The state's and its residents' affairs are governed and under the jurisdiction of the central authority. There are many different types of governments, including democracies monarchies, dictats, and federations. The primary duties of the government are to preserve law and order, safeguard the rights of the people, and promote social welfare. In addition to collecting taxes to pay for these services, governments also play a vital role in delivering public services including infrastructure, healthcare, and education

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Answer:

a) 6,730.40

b) 418

c) 131.10

Explanation:

price after trade discount:

printer = 500 x (1 - 12%) = 440

toner = 150 x (1 - 8%) = 138

since the invoice was paid during the discount period, the total amount paid on December 30 was [(440 x 10) + (20 x 138)] x (1 - 5%) = 6,730.40

net price per unit:

printer = 440 x 0.95 = 418

toner = 138 x 0.95 = 131.10

d) total cost including operating expenses = (6,730.40 x 1.15) = 7,739.96

selling price = 7,739.96 / 0.75 = 10,319.95 ≈ 10,320

e) (printer + toner) x 1.15 = (418 + 131.10) x 1.15 = 631.465

selling price of 1 printer and 1 toner = 631.465 / 0.75 = 841.95 ≈ 842

f) yes, a profit was made since the original selling price was calculated assuming a 25% net profit, and the discount was only 15%

In an open economy, the source of supply of dollars in the foreign-currency exchange market is  Net exports. Thus the correct option is C.

The economy of any country is determined by the ratio of production and consumption that takes place within a year and evaluates the flow of funds in the market by analyzing the purchasing parity of an individual.

When something is exported, it is sent with the intention of selling it abroad. Imports are defined as the purchase of goods from other nations due to a lack of domestic resources.

Net capital outflows are the source of dollars supply in the foreign exchange market, while net exports are the source of dollar demand. Net capital outflow connects the two markets.

Therefore, option C is appropriate.

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In the circular flow diagram, the government provides goods and services directly to firms. The correct option is D.

In the circular flow diagram, the government provides goods and services directly to firms. This is represented by the flow of resources from the government sector to the business sector.

The government plays a significant role in the economy by providing public goods and services that are necessary for the functioning of the society as a whole.

Public goods include infrastructure projects like roads, bridges, and public utilities, as well as services such as defense, law enforcement, and education.

These goods and services are not typically provided by private firms, so the government steps in to ensure their provision.

By supplying goods and services directly to firms, the government facilitates the production process and supports the overall functioning of the economy.

This enables businesses to operate efficiently and effectively, contributing to economic growth and development.

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Answer:

Yes, I would sign the tax return because it would be a benefit and it will prepare you for upcoming events

Credit card and debit card

PROS

CONS

To get the weighted average, add the results after dividing each value by its weight. Add the weights of each variable separately.

Calculation: The price-weighted index is [($16 + $61 + $38/3). - [($21 + $49 + $37 / 3)] 7.48 percent equals (($21 plus $49 plus $37/3)) What does "weighted" actually mean? Weighted We designed and structured "we" (plural "we. td") in a way that is more likely than not to result in a particular outcome, usually an advantage: Higher educated people are favoured by the system, which is biased in their favour. Just how are the weights determined? To get the weighted average, add the results after dividing each value by its weight. Add the weights of each variable separately, multiply the result, then divide by the total weights if the numbers do not even add up to one.

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1. Moving Expenses: Dulari paid for the transportation of her and her family's household goods from California to Washington, DC. This could include the cost of moving companies, truck rentals, packing supplies, and labor costs.

Transportation is the movement of people, goods or services from one place to another. It is a major part of modern society, enabling the efficient flow of goods and services, as well as providing access to opportunities and experiences.

2. Temporary Lodging: Dulari paid for temporary lodging while she was in transit from California to Washington, DC. This could include hotel, motel, and Airbnb stays.

3. Storage Fees: Dulari paid for storage fees for her household goods while she was in between moving from California to Washington, DC.

4. Travel Expenses: Dulari paid for her and her family's travel expenses from California to Washington, DC. This could include the cost of plane tickets, gas, and meals.

5. Meals and Incidentals: Dulari paid for her and her family's meals and incidentals while they were in transit from California to Washington, DC. This could include the cost of meals, snacks, and other miscellaneous items.

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Answer:

$44,070.44

Explanation:

Simple interest formula = P*R*T

Where P = Loan amount = $42,139 , R = Rate on interest = 5% per year, N = 11 month/0.9167

Interest = 42,139*5%*0.9167

Interest = 42,139*0.05*0.9167

Interest = 1931.441065

Interest = $1,931.44

Total amount payable after 11 months = $42,139 + $1,931.44 = $44,070.44

Monthly customer interaction is necessary for those in finance and financial planning. As a result, choice (A) is right.

According to common use, a financial planning is a thorough assessment of a person's present financial situation and anticipated future financial status that uses current known variables to forecast future earnings, asset values, and withdrawal schedules.

A budget that organizes a person's finances is frequently included in this, as well as perhaps a list of actions or precise objectives for interaction future spending and saving.

This plan divides up future income into several categories of costs, such rent or utilities, while also setting aside a portion for both short- and long-term savings.

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On the net present value analysis, project Y is expected to generate a higher return on investment compared to project X.

To evaluate the two projects, X and Y, we will calculate their net present value (NPV) using the given cash inflows, discount rate, and initial cash outlay.

For project X:

The cash inflows for each year are Rs 40,000, Rs 30,000, Rs 50,000, and Rs 20,000 for years 1 through 4, respectively.

The initial cash outlay is Rs 100,000.

The discount rate is 10%.

To calculate the NPV, we discount each cash inflow to its present value using the discount rate and subtract the initial cash outlay:

NPV(X) = (40,000 / (1 + 0.10)^1) + (30,000 / (1 + 0.10)^2) + (50,000 / (1 + 0.10)^3) + (20,000 / (1 + 0.10)^4) - 100,000

Simplifying the calculations:

NPV(X) = 36,363 + 24,793 + 34,979 + 13,167 - 100,000

= 9,302

The net present value (NPV) for project X is Rs 9,302.

For project Y:

The cash inflow for each year is Rs 12,500 for 7 years.

The initial cash outlay is Rs 50,000.

The discount rate is 12%.

Using the same formula as above, we calculate the NPV for project Y:

NPV(Y) = (12,500 / (1 + 0.12)^1) + (12,500 / (1 + 0.12)^2) + ... + (12,500 / (1 + 0.12)^7) - 50,000

Simplifying the calculations:

NPV(Y) = 11,161 + 9,960 + 8,888 + ... + 3,637 - 50,000

= 11,042

The net present value (NPV) for project Y is Rs 11,042.

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Uber enjoys a powerful advantage in Istanbul, since its drivers do not have to acquire extortionately expensive cab licences.

Answer:

Bricklayer

Explanation:

This is because with Bricklayer, you are doing physical work, physical construction, which happens to be laying bricks.

Answer:

$1.62

Explanation:

Calculation to determine the break even EBIT

First step is to determine the Number of shares purchased

Number of shares purchased= $25,000 / $25

Number of shares purchased= $1,000

Second step is to determine the EBIT

EBIT / 10,000 = [EBIT - ($25,000 * 0.073)] / (10,000 - 1,000)

EBIT / 10,000 = (EBIT - $1,825) / 9,000

9,000 EBIT = 10,000 EBIT - $16,425,000

1,000 EBIT = $16,425,000

EBIT=$16,425,000/1,000

EBIT = $16,425

Now let determine the Earning per Shares at Break-even level of earning

Earning per Shares at Break-even level of earning= [EBIT - ($25,000 * 0.073)] / (10,000 - 1,000)

Earning per Shares at Break-even level of earning= ($16,425 - $1,825) / 9,000

Earning per Shares at Break-even level of earning= $14,600 / 9000

Earning per Shares at Break-even level of earning= $1.62

Therefore the break even EBIT is $1.62

Answer:

a-The present value of revenue in the first year is $61,085.92.

b-The total time it would take to pay for its price is 2.44 years of 29.33 months.

Explanation:

a-

Let the function of the revenue earned is given as

\(S(t)=\left \{ {{66000t+38000} {\ \ 0

The present value is given as

\(PV=\int\limits^a_b {S(t)e^{-rt}} \, dt\)

Here

So the equation becomes

\(PV=\int\limits^0_1 {S(t)e^{-0.05t}} \, dt\\PV=\int\limits^{0.5}_0 {(66000t+38000)e^{-0.05t}} \, dt+\int\limits^{1}_{0.5}{(71000)e^{-0.05t}} \, dt\\PV=\int\limits^{0.5}_0 {(66000t)e^{-0.05t}} \, dt+\int\limits^{0.5}_0 {(38000)e^{-0.05t}} \, dt+\int\limits^{1}_{0.5}{(71000)e^{-0.05t}} \, dt\\PV=8113.7805+18764.4669+34207.6751\\PV=61085.9225\)

So the present value of revenue in the first year is $61,085.92.

b-

The time in which the machine pays for itself is given as

\(PV=\int\limits^0_1 {S(t)e^{-0.05t}} \, dt+\int\limits^t_1 {S(t)e^{-0.05t}} \, dt\\PV=61085.9225+\int\limits^{t}_{1}{(71000)e^{-0.05t}} \, dt\)

The present value is set equal to the value of machine which is given as

$160,000 so the equation becomes:

\(PV=61085.9225+\int\limits^{t}_{0}{(71000)e^{-0.05t}} \, dt\\160000=61085.9225+\int\limits^{t}_{0}{(71000)e^{-0.05t}} \, dt\\\int\limits^{t}_{0}{(71000)e^{-0.05t}} \, dt=160000-61085.9225\\\int\limits^{t}_{1}{(71000)e^{-0.05t}} \, dt=98914.07\\\\t=-\dfrac{\ln \left(0.93034\right)}{0.05}\\t=1.44496\)

So the total time it would take to pay for its price is 2.44 years of 29.33 months.

The decrease in the supply of beef has led to increased demand for the product which ahs made the people to turn to pork as a substitute. Thereby increasing the demand for pork. Tre supply curve for beef would shift downward while the supply curve for pork would shift outward.

This is the term that has to do with the number of goods and services that consumers would need that are available in the market for consumption by the producers.

The supply of beef has fallen due to the drought.

This is the need that the people would have that would cause them to want to buy more of a product or a service.

Pork can replace beef, hence the demand for pork is now increased in the market.

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Answer:

Explanation:

Annual depreciation=(cost-salvage value)/useful life

Annual depreciation =(156,000-1000)/20

Annual depreciation =$7750/year

Hence Depreciation for second year=$7750.

Answer:

≈ 9644 quantity of card

Explanation:

given data:

n = 4 regions/areas

mean demand = 2300

standard deviation = 200

cost of card (c) = $0.5

selling price (p) = $3.75

salvage value of card ( v ) = $ 0

The optimal production quantity for the card can be calculated using this formula below

= u + z (0.8667  ) * б

= 9200  +  1.110926 * 400

≈ 9644 quantity of card

First we have to find u

u = n * mean demand

 = 4 * 2300 = 9200

next we find the value of Z

Z = ( \(\frac{p-c}{p-v}\) )

   = ( 3.75 - 0.5 ) / 3.75   = 0.8667

Z( 0.8667 ) = 1.110926 ( using  excel formula : NORMSINV (0.8667 )

next we find б

б = 200\(\sqrt{n}\) = 400

i hope it helps

Answer:

Sweden is generally considered a highly-favorable investment destination.  Sweden offers an extremely competitive, open economy with access to new products, technologies, skills, and innovations.  Sweden also has a well-educated labor force, outstanding communication infrastructure, and a stable political environment, which makes it a choice destination for U.S. and foreign companies.  Low levels of corporate tax, the absence of withholding tax on dividends, and a favorable holding company regime are additional incentives for doing business in Sweden.

Sweden’s attractiveness as an investment destination is tempered by a few structural, business challenges.  These include high personal and VAT tax regimes. In addition, the high cost of labor, rigid labor laws and regulations, a persistent housing shortage, and the general high cost of living in Sweden can present challenges to attracting, hiring, and maintaining talent for new firms entering Sweden.  Historically, the telecommunications, information technology, healthcare, energy, and public transport sectors have attracted the most foreign investment. However, manufacturing, wholesale, and retail trade have also recently attracted increased foreign funds.

Overall, investment conditions remain largely favorable.  Forbes Magazine ranked Sweden second in “The Best Countries for Business for 2019,” a ranking that takes into account factors such as property rights, innovation, taxes, technology, corruption, freedom, red tape, and investor protection.  In the World Economic Forum’s 2017-2018 Competitiveness Report Sweden was ranked twelfth out of 138 countries in overall competiveness and productivity.  Also in 2018, Transparency International ranked Sweden as one of the most corruption-free countries in the world –third out of 180.

In addition, Sweden is well equipped to embrace the Fourth Industrial Revolution, with a superior IT infrastructure.  Bloomberg’s 2019 Innovation Index ranked Sweden in seventh place among the most innovative nations on earth. Sweden is a global leader in adopting new technologies and setting new consumer trends.  U.S. and other exporters can take advantage of a test market full of demanding, highly sophisticated customers.

Answer:

A. First Reason: Companies offer loyalty programs in order to encourgae repeated use of their services. The primary objective is to ensure that they can keep the customers they currently have and avoid having them go to competitors.

Second Reason: Loyalty programs help build a relationship between the customer and the company. Being thanked for your loyalty by a specific company will typically leave customers with a more positive outlook on their trip. This relationship also allows companies to know what their customers preferences are. This ensures that they have a trip that is tailored to their specific needs.

B. Delta Skymiles, IHG Rewards, United MileagePlus, AA Advantage, Chase Rewards, etc

C. This gives their employees an additional perk for working at their firm. It is a huge benefit being able to have a free vacation when you desire to. This also helps the firm be more attractive to potential hires and help retain employees, thus giving them better access to human capital.

Answer:

Market control by a few large firms

Difficult entry

Mutual interdependence

Explanation:

In the case of oligopoly as we know that there are very little large firms and each kind of firm generates the important portion of the total output. So each market have the market control

Also the main reason behind the barrier with regard to new firm entered is the barrier for the few firms. The reasons like patents, large capital needed are some reasons that makes it difficult for entering

In addition to this, they are mutual interdependent. This implies that the one firm action would impact the other firm action and according to this, the price and the level of output would be determined

Hence, the above represent the answer

Manny will pay option C. $12.50/square foot in rent.

A variable lease is a type of lease where the rent is based on a specific index or formula, rather than a fixed amount.

In this scenario, Manny is paying $10/square foot and his index is 2, and the utilities cost $350. If the index goes up to 2.5 next year, Manny's rent will increase.

To calculate the increase in rent, we can use the following formula:

Rent = Base rent + (Index x Utilities)

So, if the index goes up to 2.5, the new rent will be:

Rent = $10/square foot + (2.5 x $350)

Rent = $10/square foot + $875

Therefore, Manny will pay $12.50/square foot in rent if the index goes up to 2.5 next year.

So, the correct answer is $12.50/square foot.

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Answer:

(a) Bank Uno's deposits in Table 2 = $3,375.00

(b) Bank Uno's reserves in Table 2 = $168.75

(c) Bank Duo's loans in Table 3 = $3,045.94

(d) Bank Uno's loans in Table 2 = $3,206.25

Explanation:

Note: The data in this question are merged together. They are therefore sorted before answering the question. See the attached pdf file for the complete question with the sorted data.

The explanation to the answers is now given as follows:

Also note: See the attached Microsoft Word file for how the accounts will look like in Tables 2 and 3 once the lending and depositing process is complete.

Required reserve ratio refers to the percentage of reserves that the central bank of a country requires banks in the country to keep on hand in case depositors want to withdraw their funds.

The loan given out by a bank is therefore obtained by deducting the required reserve from the total reserve.

Based on the explanation above, we have:

For Table 2, we have:

Deposits in Table 2 = Deposits in Table 1 = $3,375.00

Reserve in Table 2 = Deposits in Table 1 * Required reserve ratio = $3,375.00 * 5% = $168.75

Loans in Table 2 = Deposits in Table 1 - Reserve in Table 2 = $3,375.00 - $168.75 = $3,206.25

For Table 3, we have:

Deposits in Table 3 = Loans in Table 2 = $3,206.25

Reserve in Table 3 = Deposits in Table 3 * Required reserve ratio = $3,206.25 * 5% = $160.31

Loans in Table 3 = Deposits in Table 3 - Reserve in Table 3 = $3,206.25 - $160.31 = $3,045.94

Based on the above calculations, we can now answer the following:

(a) What are Bank Uno's deposits in Table 2? $

Bank Uno's deposits in Table 2 = $3,375.00

(b) What are Bank Uno's reserves in Table 2? $

Bank Uno's reserves in Table 2 = $168.75

(c) What are Bank Duo's loans in Table 3? $

Bank Duo's loans in Table 3 = $3,045.94

(d) What are Bank Uno's loans in Table 2? $

Bank Uno's loans in Table 2 = $3,206.25

Answer:

a. Total weighted score:

This is a weighted average of the supplier scores in various categories.

Supplier A

= ∑(Weight of category * rating in category)

= (37% * 3) + (28% * 2) + (20% * 3) + (15% * 1)

= 2.42

Supplier B

= (37% * 3) + (28% * 4) + (20% * 2) + (15% * 4)

= 3.23

Supplier C

= (37% * 4) + (28% * 3) + (20% * 3) + (15% * 3)

= 3.37

b. Based on the ratings, Supplier C appears to be the best.

Labor efficiency variance = (Actual hour * Standard rate) - (Standard hour * Standard rate).

Labor efficiency variance = $404,600 F

By "efficiency of labor," we mean a worker's ability to produce more or better work, or both, over the course of a given amount of time.

1) Labor efficiency variance = (68,000 * $17) - ((30,600 * 3) * $17)

Labor efficiency variance = $1,156,000 - (91,800 * $17)

Labor efficiency variance = $404,600 F

2) Variance in direct labor worked divided by variance in labor efficiency

Variance in labor costs is $404,600 - $68,000.

Variance in labor costs = $336,600 F

3) Planned unit sold minus variable overhead equals variable manufacturing overhead cost.

Manufacturing variable overhead cost = 24,000 * $21

$504,000 is the variable manufacturing overhead cost.

4) Planned unit sold minus variable overhead equals variable manufacturing overhead cost.

Cost of variable overhead in production = 30,600 * $21

$642,600 is the variable manufacturing overhead cost.

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The confidence interval for the average salary of a CFA charter holder : ( 1,49,820, 1,74,180)

We assume that the salary of CFA charterholders is typically distributed.

Let the salary of CFA charter holders be = x

ATQ

n = 36 and x = 1,62,000

Degree of freedom :

df = 35    [ df= n-1]

s=  $36,000

Significance level :

a = 1 - 0.95

= 0.05

Using the t-distribution table,

Ta/2, df = t(0.025), 35

= 2.030

95% confidence interval for the average salary of a CFA charterholders

1,62,000 + (2.030). 36000/√36

= 1,62,000 +- 12180

= ( 1,62,000 - 12180,  1,62,000 + 12180)

= ( 1,49,820, 1,74,180)

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Answer:

fall

Explanation:

Depreciation is the decline in the value of a currency. When the dollar declines in value relative to the Euro, it means that the value of the dollar has declined relative to the Euro.

For example, let us assume that the exchange rate at the beginning and the end of the year are :

£1 - $10

£1 - $20

respectively

This shows that the dollar has depreciated and the euro has appreciated.

As a result, it would be cheaper for countries whose currency is the Euro to buy goods from a country whose currency is the dollar. So, the equilibrium Euro price of US imports will fall.

Neoclassical school of economics has largely contributed to economic development through  create, distribute and exploit knowledge as well as through wealth creation.

Neoclassicism refers to artistic trends that draw on Western classical art and culture (usually that of Ancient Greece or Ancient Rome). Traditionally, Classicism is concerned with antiquity (very long ago, in ancient times) art or subsequent art influenced by antiquity.

Vietnam's economy was one of the worst in the world when the 20-year Vietnam War concluded in 1975, and development under the government's following five-year central plans was anemic. Per capita GDP was locked between $200 and $300 by the mid-1980s.

Recent economic performance has been influenced by scientific advancements and technological transformation. The capacity to develop, disseminate, and utilize information has become a significant source of competitive advantage, wealth generation, and quality improvements.

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