Since the variable weight 100 measures the weight of a car in 100s of pounds , so for a car weighig=ng 3,500 pounds , the value of the variable weight100 will be 35.
So, the correct regression equation will be log(mpg) = b₁ + b₂log(35)
What does "price elasticity" mean?
Price elasticity evaluates how responsively demand or supply for an item is to a change in price. It is calculated by dividing the percentage change in the amount that is required (or delivered) by the percentage change in the price.
The given regression equation is InQ = 115.2 - 7.6P
Totally differentiating , we get dQ/Q = -7.6dP/P
dQ/Q/dP/P = -7.6
ep = -7.6
So the price elasticity of demand is -7.6.
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A company has received a special order from a customer to make 5,000 units of a customized product. The direct materials cost per unit of the customized product is 15 , the direct labor cost per unit is 5 , and the manufacturing overhead per unit is 18 , including 6 of variable manufacturing overhead. If the company has sufficient available manufacturing capacity, what is the minimum price that can be accepted for the special order.a. 24 b. 26 c. 32 d. 38
A company has received a special order from a customer to make 5,000 units of a customized product. The direct materials cost per unit of the customized product is $15 , the direct labor cost per unit is $5 , and the manufacturing overhead per unit is $18 , including $6 of variable manufacturing overhead. If the company has sufficient available manufacturing capacity, the minimum price that can be accepted for the special order is $26. So, the correct option is b.
The increment cost per unit for the special order is calculated as:
Direct Material = $15.00
Direct Labor = $5.00
Variable Factory Overhead = $6.00
Incremental cost per unit = Direct Material + Direct Labor + Variable Factory Overhead
i.e. $15.00 + $5.00+$6.00
= $26.00
The incremental cost per unit is $26, which should be the minimum price that can be accepted for the special order. Therefore, the correct option is b.
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Why are interest groups important to our political system ?
Interest groups serve as platforms for political engagement. They give like-minded persons a way to coordinate their efforts and combine their resources for broad-based political activity. Interest groups support education among their members, the general public, and elected officials.
A special interest group (SIG) is a collection of people who work together within a larger organisation to advance a certain area of knowledge, education, or technology. Members may communicate, physically meet, and organise conferences as they collaborate to influence or create solutions in their specialised fields. The word was originally used in 1961 by the Association for Computing Machinery, an academic and professional computer association. Later, CompuServe, an early provider of online services, rose to prominence for SIGs, a section of the site dedicated to particular interests. These interest organisations speak on behalf of organisations that defend and assist weaker communities. For instance, the Sierra Club prioritises protecting both the environment and the world's wild areas.
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during the market ______ stage of the product life cycle, promotion becomes more important due to increased competition
During the market promotion stage of the product life cycle, promotion becomes more important due to increased competition.
In the maturity, stage competition is at its maximum. Competitors have spent a good amount of time introducing competitive and improved products, and competition for customers is usually the fiercest. Sales stabilize and companies strive to keep their products at this maturity level for as long as possible.
There are four development phases in the product life cycle. All products go through introduction growth maturity and decline. Companies can use promotions at any point in their product's life cycle for a variety of reasons. The longest period in the life cycle of a company's industry or product is during which sales peak and then decline In economics.
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fast pls!!! Shepard University is launching new services to attract more students. They offer bachelor's
degrees in 25 majors, boast a brand new fitness center, Wi-Fi in residence halls, and 24-hour
dining options. Which of these is an example of a core service offered by Shepard University?
O bachelor's degrees
fitness center
O Wi-Fi in residence halls
O 24-hour dining options
Answer:
Bachelor's degree
Explanation:
You go to a college for a degree, so that is the main and thus "core" focus. Anything else is extra, so the degree itself is the main service. Therefore, it's the core.
leaf has preferred stock selling for 96.8 percent of par that pays a 10.2 percent annual coupon. stock? mutiple choice
If the preferred stock is selling for 96.8% of its par value, or $96.80.
It seems like the question is incomplete or missing information. It mentions Leaf has preferred stock selling for 96.8% of par that pays a 10.2% annual coupon, but then asks about "stock" without specifying what type of stock.
If the question is asking about the yield on the preferred stock, we can calculate it as follows:
Dividend yield on preferred stock = Annual dividend payment / Preferred stock price
Annual dividend payment = 10.2% * Par value
Par value = $100 (assuming standard preferred stock)
So, the annual dividend payment on the preferred stock is $10.20 ($100 * 10.2%). If the preferred stock is selling for 96.8% of its par value, or $96.80, then the dividend yield would be:
Dividend yield on preferred stock = $10.20 / $96.80 = 10.53%
If the question is asking about a different type of stock, or if more information is provided, please let me know and I can provide a more accurate answer.
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What is the term used to describe the fluctuation in demand of a certain product in relation to pricing?
Elasticity is a phrase used to describe how the price affects how much a certain product is in demand.
What is elasticity?In neoclassical economic theory, elasticity is a key idea that aids in understanding a variety of economic concepts, including the incidence of indirect taxation, marginal concepts related to the theory of the firm, wealth distribution, and different types of goods related to the theory of consumer choice. When talking about how welfare is distributed, particularly in terms of consumer, producer, or government surpluses, a grasp of elasticity is crucial.
Elasticity is a key notion in many economic theories, and it may be seen in a number of key indicators. These include the elasticity of demand at different prices, the elasticity of supply at different prices, the elasticity of demand at different income levels, the elasticity of replacement between factors of production, the cross-price elasticity of demand, and the elasticity of substitution across time.
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describe the steps involved in developing a job reference list and elements you should consider when selecting your references.
The steps are
Don't leave the validity of this crucial document up to chance; it needs to be given the same consideration as all other aspects of the job search process. At least two or three competent references should be utilized (1-2 will be academic)Whenever we attempt to apply for a job, references are typically checked. Choose your sources carefully. People's words have a big impact. A senior role inside the organization is also advantageous. Consult them upfront to make sure they would provide you a good reference. These serve as reality checks as well as significantly contribute.A reference is a person who typically attests to your employment, professional competence, and behavior.
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Unlimited wants + limited resources = what is the answer?
Answer:
People never get enough of what they want or need
Explanation:
Unlimited wants and needs are one half of the basic troubles of scarcity that has troubled humanity since the beginning of time. The other half of the scarcity problem is limited resources. The reason why we always want something is because our brains are actually made to be attracted to novelty. So, we always seek ti learn new things and experiences.
(I hope this was accurate and helpful)
What’s a situation in your family or school in which you think the needs of the many outweigh the needs of the few? Explain your Answer.
The duty to put the interests of the many ahead of the demands of the few, according to utilitarianism, applies even to those with whom one has personal relationships, such as friends and relatives.
Star Trek's heroes appear to agree, as they often prioritize personal loyalty over public responsibility. Bentham coined the expression "the greatest good for the greatest number." The concept was adopted by John Stuart Mill (1806 - 1873) and others, but Pinchot claims to have added "in the long run."
Foresters, as noted by Pinchot biographer Char Miller, are taught to think over vast time horizons. During the talks, it was suggested that Spock kiss Uhura instead (since Spock was part Vulcan).
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Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
Stanley plans to save $19,200.00 per year until he retires. His first savings contribution to his retirement account is expected in 1 year from today. Stanley plans to retire in 8 years from today, immediately after making his last $19,200.00 contribution to his retirement account. He then plans to be retired for 8 years. Stanley expects to earn 7.00 percent per year in his retirement account, both before and during his retirement. If Stanley receives equal annual payments from his retirement account during his retirement with the first of these annual retirement payments received in 1 year after he retires and the last of these annual retirement payments received in 8 years after he retires, then how much can Stanley expect each of his annual retirement payments to be?
The amount that Stanley can expect each of his annual retirement payments to be is $33,532.98.
Given that: Stanley plans to save $19,200.00 per year until he retires.Stanley plans to retire in 8 years from today.He then plans to be retired for 8 years.Stanley expects to earn 7.00 percent per year in his retirement account, both before and during his retirement.The amount that Stanley can expect each of his annual retirement payments to be is to be calculated.
According to the present value of an annuity formula, the formula for the annual payment is given by:A = [P / r] x (1 - (1 / (1 + r)^n))Here,A = Annual payment P = Present Value of Annuity r = Interest Rate n = Number of Payments
For the present case, the total number of annuity payments is 8. Also, the future value of $19,200 per year for 8 years, compounded at a rate of 7%, is calculated using the formula for the future value of an annuity with continuous compounding.
FV = P[((1 + r)^n - 1)/r)] Where,P = Payment r = Interest rate n = Number of payment periods
The future value of the $19,200 per year for 8 years, compounded at 7%, is: FV = $19,200[((1 + 7%)^8 - 1)/7%)] = $217,947.31
The annual payment to Stanley during his retirement can be calculated using the formula for the present value of an annuity:PV = A[1 - (1 + r)^-n] / r Where,PV = present value of annuity A = Annual payment r = Interest raten n = Number of paymentsThe number of annuity payments is 8, the discount rate is 7%, and the future value is $217,947.31. Using the above formula,A = [$217,947.31 x 7%] / [1 - (1 + 7%)^-8] = $33,532.98
Thus, the amount that Stanley can expect each of his annual retirement payments to be is $33,532.98.
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as the size of a tax rises, the deadweight loss a. rises, and tax revenue first rises, then falls. b. rises as does tax revenue. c. falls as does tax revenue. d. falls, and tax revenue first rises, then falls.
As taxes increase, the deadweight loss from the tax increases. In fact, as taxes increase, the deadweight loss rises greater rapidly than the dimension of the tax.
What motives deadweight loss to increase?Deadweight losses particularly occur from an inefficient allocation of resources, created by using a range of interventions, such as fee ceilings, charge floors, monopolies, and taxes. These factors lead to the charge of a product now not being precisely reflected, meaning items are both overestimated or undervalued.
What does deadweight loss of tax depends on?Deadweight loss of taxation measures the ordinary economic loss precipitated by means of a new tax on a product or service. It analyses the limit in production and the decline in demand brought on through the imposition of a tax. It is a lost possibility cost.
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https://brainly.com/question/29802816#SPJ4Net Purchases + Purchases Returns and Allowances + Purchase Discounts equals:
O A. Gross Profit.
OB. Gross Purchases.
O C. Net Income.
OD. Net Loss.
Answer:
OB. Gross Purchases.
Explanation:
Gross purchases represent all the purchases a business made in a particular period. It includes returns outwards ( purchases returns), discounts and allowances received.
Net purchases are calculated by subtracting purchase returns, discounts received, and allowances from gross purchases.
Therefore, Net Purchases + Purchases Returns and Allowances + Purchase Discounts= gross purchases.
why should a marketers be cautious about including videos that play automatically when people navigate to the marketer's website
Answer:
D
Explanation:
Just imagine yourself being in a work place or in a library, where you have other person's around you. And you're browsing through a site, then suddenly a video pops up and started playing automatically at the highest level. Can you imagine the kind of situation that would be created at that instance? Very awkward.
So therefore, marketer should apply caution when it comes to including video that plays automatically. This will avoid creating such kind of awkward situation for users at work.
Answer: D
Explanation: Just took the quiz
I WILL GIVE BRAINLIES, FIVE STARS AND MY THANFUL THANKS!!!~
Using complete sentences post a detailed response to the following.
Lionel works for an energy company interested in drilling for oil off the coast of a small island. The representative for the local fishing industry, Rochelle, says that locals are vigorously opposed to Lionel’s idea. A town meeting is held. Lionel explains how his company is dedicated to practicing the safest drilling techniques. He explains that oil piped from the ocean’s floor is purer and that it can be harvested in a more efficient way than an oil rig on land. Lionel also emphasizes how much the trucks carrying fish to the markets all over the country would save if local oil was able to be used. Rochelle fires back that in the past, serious accidents with offshore oil drilling have been reported. She points out that if there were a spill, the resulting death of fish would cost the local fisherman their livelihood. Local opinion on the issue is split. Before the town agrees to side with Lionel’s energy company or Rochelle’s local fish industry, officials order a report from a biotechnologist. Everyone agrees to go with what the biotechnologist recommends. Which side do you think the biotechnologist will agree with? Why?
Answer:
they need more detail because how is his livelihood
Explanation:
Ilus
What are the gross sales?
Income Statement
For the Year Ended August 31, 2012
Revenues
Student Lessons
$29,520.00
Recital Sales
15,900.00
Total Revenues:
45,420.00
Expenses
Costumes and Accessories
Building Maintenance
Total Expenses:
16,700.00
11,320.00
28,020.00
*Call numbers in 000s)
The gross sales are the total amount of revenue earned before deducting any expenses. In this case, the gross sales are $45,420.00, which is the total of the revenues earned from student lessons and recital sales.
Gross sales are the total amount of revenue generated from the sale of goods or services before any deductions are made for discounts, returns, or allowances. It represents the overall performance of a business and is an important metric for measuring growth and profitability. Gross sales are usually reported on the income statement, along with the cost of goods sold and other expenses, to calculate net income or loss.
Therefore, the gross sales are $45,420.00, which is the total of the revenues earned from student lessons and recital sales.
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4. For what purposes might a worker need to fill out a Form 4070A?
Answer:
Employees use Form 4070A to keep track of the tips they receive from customers and report the total to their employer each month. Workers should also record the total amount of tips they paid to other employees and the names of employees to whom the tips were paid.
5. The measurement of how happy the customer is with their shopping experience with a retailer is called:
O A. Product solutions
O B. Brand knowledge
O C. Customer satisfaction
O D. Product knowledge
The management of garden naturally has determined a number of questions it wants the database management system to answer. You must obtain the answers to these questions Note: Use the database modified in Lab 1 of Module 1 for this assignment, or see your instructor for information on accessing the required files. How would you modify the quesry in step 7 to include only sales reps that currently customer?
Without the specific database and query from Lab 1 of Module 1, we cannot provide a specific modification to the query in step 7 to include only sales reps that currently have customers.
However, the general approach to achieve this modification would be to add a condition to the query's WHERE clause that filters for sales reps who have at least one customer.
This can be done by joining the Sales Rep table with the Customer table and filtering for non-null customer records, or by using a subquery to select only sales reps with customers before joining with the other tables.
The exact syntax and query structure would depend on the specific schema and data of the database being used.
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What was the opening price of Dow Jones Industrial Average on Sep 28, 2017 in the format of XXXXX.XX?
The starting price was $21080.28.
Calculation
On May 30, 2017, the Dow Jones Industrial Average was:
The Dow Jones Industrial Average finished at 21029.47 on May 30, 2917, a decrease of 50.81, according to valueline.com.
Index of closure: 21029.47+ downward motion = 50.8121080.28 is the opening index.According to this, the starting price was 21080.28.
The stock performance of 30 major firms that are listed on American stock exchanges is tracked by the Dow Jones Industrial Average. It is an index of stock price. The S&P 500 Index and the NASDAQ are two more.
The day's initial average price before trading began is represented by the starting index. The price must have fluctuated, moving up and down, while trade. By adding back, it can be deduced from this closing index data that the opening price was higher than the closing price by 50.81, or around 51 basis points.To Learn more about Averages and Opening Price, Click the links.
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Josh began his career as the front desk clerk of a large hotel. He enjoys working in the Lodging pathway of the Hospitality and Tourism career cluster. He wants to stay along this career path so Josh decides to get some further education. What types of classes would help Josh advance along his career pathway? After finishing his education, what positions might be available to Josh along his career path?
Answer: Classes that might help Josh advance along his career path would to be a sub/standby when important hospitalization acts are taken place. After Josh finishes his education a position that might be available to him along his career path would be a nurse or someone who is authorized to help people.
Answer: Classes that would be good for Josh would be a sub/standby education When Josh finishes his education a job that might be available to him with his career path would be a nurse or someone who is trained to help other people.
Explanation: I just hope this helps :)
how to get stimulus check 2021 if you didn t file taxes
Answer:
you may need to file a 2020 tax return even if you don’t traditionally file.
Explanation:
This FAQ can help you understand how the system works and what you can do to claim any stimulus that you may be eligible to receive.
The Department of Labor ruled that employees training outside of normal working hours at home completing web-based classes to prepare for a second class must be compensated.TrueFalse
False, It depends on the specific circumstances and criteria set by the Department of Labor.
In general, if the training is required by the employer and directly related to the employee's job, then the time spent on such training should be considered compensable work hours under the Fair Labor Standards Act (FLSA). However, if the training is voluntary and not related to the employee's current job duties, then it may not be compensable. It is important to consult with legal or HR experts to ensure compliance with FLSA regulations.
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The income statement for Duffy’s Pest Control shows that depreciation expense was $208 million, EBIT was $526 million, and the tax rate was 35 percent. At the beginning of the year, the balance of gross fixed assets was $1,596 million and net operating working capital was $428 million. At the end of the year, gross fixed assets was $1,854 million. Duffy’s free cash flow for the year was $439 million.
Calculate the end-of-year balance for net operating working capital.
Please provide an explanation and an answer
The end-of-year balance for net operating working capital is $575.1 million.
To calculate the end-of-year balance for net operating working capital, we need to use the formula for free cash flow (FCF).
The formula for FCF is: FCF = EBIT - Taxes + Depreciation - Change in Net Operating Working Capital - Capital Expenditures.We are given the following information: Depreciation expense = $208 millionEBIT = $526 million.Tax rate = 35%Gross fixed assets at the beginning of the year = $1,596 million.Net operating working capital at the beginning of the year = $428 million.Gross fixed assets at the end of the year = $1,854 millionFCF = $439 million.We can plug in the given information into the formula and solve for the change in net operating working capital: FCF = EBIT - Taxes + Depreciation - Change in Net Operating Working Capital - Capital Expenditures$439 million = $526 million - ($526 million x 35%) + $208 million - Change in Net Operating Working Capital - ($1,854 million - $1,596 million)$439 million = $526 million - $184.1 million + $208 million - Change in Net Operating Working Capital - $258 millionChange in Net Operating Working Capital = $526 million - $184.1 million + $208 million - $258 million - $439 millionChange in Net Operating Working Capital = -$147.1 million.
To find the end-of-year balance for net operating working capital, we need to subtract the change in net operating working capital from the beginning-of-year balance: Net operating working capital at the end of the year = Net operating working capital at the beginning of the year - Change in Net Operating Working CapitalNet operating working capital at the end of the year = $428 million - (-$147.1 million)Net operating working capital at the end of the year = $575.1 million.
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The end-of-year balance for net operating working capital is $575.1 million.
To calculate the end-of-year balance for net operating working capital, we need to use the formula for free cash flow (FCF).
The formula for FCF is: FCF = EBIT - Taxes + Depreciation - Change in Net Operating Working Capital - Capital Expenditures.We are given the following information: Depreciation expense = $208 millionEBIT = $526 million.Tax rate = 35%Gross fixed assets at the beginning of the year = $1,596 million.Net operating working capital at the beginning of the year = $428 million.Gross fixed assets at the end of the year = $1,854 millionFCF = $439 million.We can plug in the given information into the formula and solve for the change in net operating working capital: FCF = EBIT - Taxes + Depreciation - Change in Net Operating Working Capital - Capital Expenditures$439 million = $526 million - ($526 million x 35%) + $208 million - Change in Net Operating Working Capital - ($1,854 million - $1,596 million)$439 million = $526 million - $184.1 million + $208 million - Change in Net Operating Working Capital - $258 millionChange in Net Operating Working Capital = $526 million - $184.1 million + $208 million - $258 million - $439 millionChange in Net Operating Working Capital = -$147.1 million.
To find the end-of-year balance for net operating working capital, we need to subtract the change in net operating working capital from the beginning-of-year balance: Net operating working capital at the end of the year = Net operating working capital at the beginning of the year - Change in Net Operating Working CapitalNet operating working capital at the end of the year = $428 million - (-$147.1 million)Net operating working capital at the end of the year = $575.1 million.
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Utilitarianism is an approach to ethics that means. A. Fairness is the fundamental aspect of ethical conduct and people in a dispute should look at the situation outside of their own interests in the outcome to decide what is right. B. Journalists often face conflicts among ethical principles in the course of their work and must often make difficult decisions. C. Whatever does the most good for the most number of people is best. D. Not all ethical precepts can be applied in all situations, but they do provide useful guidelines for media professionals in their behavior.
Answer:
C. Whatever does the most good for the most number of people is best.
Explanation:
Utilitarianism (utilitarian ethics) can be defined as a theory of morality or ethical theory that typically involves engaging in actions that facilitate pleasure, joy or happiness while completely opposing any action capable of causing harm and unhappiness.
Basically, utilitarianism (utilitarian ethics) considers an action to be right or morally correct if it produces genuine happiness or joy in the mind of a large number of people in an organization, group or society.
The three (3) main principles (axioms) of utilitarianism (utilitarian ethics) include the following;
I. The only thing with an intrinsic value is pleasure or happiness.
II. If an action promotes happiness or pleasure, then it is right; it is wrong if it causes harm or unhappiness (sadness).
III. The happiness of everyone in a group or society should count equally.
This ultimately implies that, utilitarianism is a philosophical approach to normative ethics that means whatever does the most good for the most number of people is best.
Provide an understanding as to the scope,
breadth of employability in OT (e.g. income)and
specific business aspects of OT Practice in Miami
Occupational therapy (OT) is a field that offers a wide scope of employment opportunities and a varied range of practice areas.
In Miami, specifically, there are several business aspects and opportunities related to OT practice.
Scope and Breadth of Employability in OT:
1. Healthcare Settings: Occupational therapists can work in hospitals, rehabilitation centers, clinics, and nursing homes, providing direct patient care and rehabilitation services.
2. Schools and Educational Institutions: OTs work with children in schools to address their functional needs and support their participation in academic and social activities.
3. Mental Health and Behavioral Health: OTs play a crucial role in mental health settings, working with individuals experiencing mental health challenges to enhance their daily functioning and promote independent living.
4. Community-Based Programs: Occupational therapists may work in community settings, providing support to individuals with disabilities or chronic conditions to help them engage in meaningful activities and improve their quality of life.
5. Workplaces and Vocational Rehabilitation: OTs assist individuals in returning to work or making occupational adjustments due to injury, illness, or disability.
Income Potential in OT:
The income in the field of occupational therapy can vary based on factors such as experience, specialization, location, and work setting. Generally, occupational therapists earn a competitive salary that reflects their expertise and the demand for their services. In Miami, the income potential for OT practitioners can be influenced by factors such as cost of living and local market conditions.
Specific Business Aspects of OT Practice in Miami:
1. Private Practice: Occupational therapists can establish their own private practices in Miami, offering specialized services to clients and working with healthcare providers and insurance companies to ensure reimbursement for services rendered.
2. Collaborations with Healthcare Facilities: OTs can partner with hospitals, clinics, and other healthcare facilities in Miami to provide comprehensive rehabilitation services, occupational health programs, or specialized therapy services.
3. Home Health Agencies: Occupational therapists can work with home health agencies, providing in-home therapy services to individuals who are unable to travel to a clinic or hospital.
4. Research and Innovation: Miami is known for its research institutions and innovation centers. Occupational therapists can participate in research projects, contribute to the development of new treatment approaches, and collaborate with academic institutions.
Overall, the scope of employability in occupational therapy is broad, with opportunities in various settings and areas of specialization. In Miami, the vibrant healthcare industry and diverse population create a favorable environment for OT practice, offering a range of business opportunities and the potential for professional growth.
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a department adds all raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process. for the month of january, there were no units in the beginning work in process inventory; 89,300 units were started into production in january; and there were 19,400 units that were 45% complete in the ending work in process inventory at the end of january. what were the equivalent units of production for conversion costs for the month of january?
If there were no units in the beginning work in process inventory; 89,300 units were started into production in january; The equivalent units of production for conversion costs for the month of january is: 78630.
Equivalent unitsUsing this formula to determine the equivalent units for conversion costs
Equivalent units = [(Ending WIP units x percentage complete) + ((Units started into production - Ending WIP units) x percentage complete)
Let plug in the formula
Equivalent units = (19,400 units x 45%) + ((89300 - 19400) x 100%)
Equivalent units = 8,730 + 69,900
Equivalent units = 78,630
Therefore we can conclude that the company equivalent units is 78,630 units.
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The government imposes a $ 6 tax on each bottle of wine sold, collecting the tax directly from the seller of wine. Find the new price received by the sellers of wine.
The price that buyers pay for the product minus the tax is the price that sellers receive.
How do you determine the tax-adjusted equilibrium price?P = Q/3 + 4 is the supply curve following a $4 producer tax. Therefore, QT = 12 can be determined by equating P = Q/3 + 4 with P = 20 – Q, which yields the new equilibrium quantity after tax. Pre-tax supply equation Pnet = QT/3 = 12/3 = 4 represents the price producers receive.
How is producer surplus calculated after tax?Let's examine the producer surplus formula now. Market price minus the producer's minimum acceptable price is the producer surplus. Alternately, it can also be calculated this way: Total revenue minus production costs is the producer surplus.
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help would be appreciated please :)
Answer:
I believe C is the correct answer because the overall cost of everything would be the cost of the concert and the things that have to do with ir
My other guess is A..
the marketing department of metroline manufacturing estimates that its sales in 2020 will be $1.51 million. interest expense is expected to remain unchanged at $36,000, and the firm plans to pay $67,000 in cash dividends during 2020. metroline manufacturing's income statement for the year ended december 31, 2019, is given loading..., along with a breakdown of the firm's cost of goods
The given information provides details about Metroline Manufacturing's sales, interest expense, and cash dividends for the year 2020.
1. Sales Estimate: The marketing department of Metroline Manufacturing estimates that their sales in 2020 will be $1.51 million.
2. Interest Expense: The firm expects the interest expense to remain unchanged at $36,000.
3. Cash Dividends: Metroline Manufacturing plans to pay $67,000 in cash dividends during 2020.
Based on the given information, the income statement and cost of goods sold are not provided. Therefore, I cannot provide a specific answer or explanation for these elements.
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The correct question is
The marketing department of Metroline Manufacturing estimates that its sales in 2016 will be $1.5 million. Interest expense is expected to remain unchanged at $35,000, and the firm plans to pay $70,000 in cash dividends during 2016. Metroline Manufacturing's income statement for the year ended December 31, 2015, and a breakdown of the firm's cost of goods sold and operating expenses into their fixed and variable components are given below.
Metroline Manufacturing
Income Statement
For the Year Ended December 31, 2015
Sales revenue $1,400,000
Less: Cost of goods sold 910,000
Gross profits $ 490,000
Less: Operating expenses 120,000
Operating profits $370,000
Less: Interest expense 35,000
Net profits before taxes $335,000
Less: Taxes (rate = 40%) 134,000
Net profits after taxes $201,000
Less: Cash dividends 66,000
To retained earnings $135,000
Metroline Manufacturing
Breakdown of Costs and Expenses
into Fixed and Variable Components
for the Year Ended December 31, 2015
Cost of goods sold
Fixed cost $210,000
Variable cost 700,000
Total costs $910,000
Operating expenses
Fixed expenses $ 36,000
Variable expenses 84,000
Total expenses $120,000
a. Use the percent-of-sales method to prepare a pro forma income statement for the year ended December 31, 2016.
b. Use fixed and variable cost data to develop a pro forma income statement for the year ended December 31, 2016.
c. Compare and contrast the statements developed in parts a and b. Which statement probably provides a better estimate of the 2016 income? Explain why