Tammi should buy 17 cushions to make an optimal balance between lost sales and inventory holding cost.
To determine the optimal order quantity, Tammi needs to consider the trade-off between lost sales and inventory holding cost. Lost sales occur when the demand exceeds the inventory, and holding cost is the cost of keeping inventory in stock. Tammi can use the Economic Order Quantity (EOQ) formula to calculate the optimal order quantity.
Using the given information, the mean demand is 35 cushions per week, and the standard deviation is 10. The holding cost is calculated using the interest rate of 35%. By plugging these values into the EOQ formula, Tammi can determine the optimal order quantity, which is 17 cushions. This quantity ensures that Tammi minimizes the total cost associated with lost sales and inventory holding.
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What would be the net annual cost of the following checking accounts?
Interest earnings of 5 percent with a $500 minimum balance; average monthly balance, $600; monthly service charge of $18 for falling below the minimum balance, which occurs three times a year (no interest earned in these months).
The first step to calculating the net annual cost of a checking account is to determine the total monthly service charges incurred over a year. Afterward, we can deduct the interest earnings to get the net annual cost of the checking account.
We will also have to factor in the service charge for the months when the account balance falls below the minimum balance.
Interest earnings of 5% with a $500 minimum balance and an average monthly balance of $600 would earn 5% x $600 = $30 per year in interest.
Now let's calculate the service charge for the account. Since the average monthly balance is above the minimum balance, the service charge would only occur when the balance falls below the $500 minimum balance. Each time this occurs, a service charge of $18 is incurred. Therefore, the total service charge for the account is $18 x 3 = $54 per year.
Thus, the net annual cost of the checking account would be $54 - $30 = $24.
Therefore, the net annual cost of the checking account would be $24.
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what is the cost allocation method called that is used for natural resources?
Answer:
The process of allocating the cost of plant and equipment over the periods they are used to produce revenues is known as depreciation. For natural resources, this process is called depletion, and for intangible assets it is called amortization.
Explanation:
If the real interest rate in the united states increases relative to that of the rest of the world, capital should flow:.
If the real interest rate in the United states increases relative to that of the rest of the world, capital flow should increase.
What happens when the real interest rate increase?Real interest rate is the rate earned by those who give out their monies to businesses. The real interest rate has been adjusted for inflation.
When the real interest rate increases, the return earned by investors increase. This would encourage investors to increase their investment in the United States. As a result, capital flow should increase.
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Under the rule of caveat emptor, the producer of a defective product that caused injury to a consumer was: a. not liable unless there was a contractual relationship between producer and injured party b. liable in tort law to any injured consumer if negligence by the producer could be shown c. liable in tort law to consumers who bought the good under the rule of strict liability d. liable in contract to all consumers who used the product under the rule of res ipsa loquitur e. not liable in tort or in contract law
Under the rule of caveat emptor, the producer of a defective product that caused injury to a consumer was not liable unless there was a contractual relationship between the producer and the injured party. Therefore, the correct answer is (a).
What is Liability?
Liability refers to the legal responsibility for one's actions or conduct that causes harm or damages to another person, entity, or property. In other words, it is an obligation to make restitution or compensation for the harm caused by one's actions or omissions.
Caveat emptor is a legal principle that means "let the buyer beware." Under this rule, the buyer is responsible for ensuring that a product is suitable for their needs and that they are not being misled by the seller. The seller has no legal obligation to disclose defects or other issues with the product, and the buyer has no legal recourse if they discover problems after the sale.
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How can choosing the right institution help you manage money effectively?
Answer:
You may get a better job, or it may make you more responsible. The money is the main thing, you will get paid better, so you wont have to worry abt money i guess.
Explanation:
An investor has $2,500 invested in stock A and $5,000 in stock B. The yearly volatilities of A and B are 32% and 24% respectively and the coefficient of correlation is 0.7.
What is the benefit of diversification from one-day 99% portfolio VaR? (Note that N(-2.326)=0.01, round the answer two digits after the decimal)
To calculate the benefit of diversification from one-day 99% portfolio VaR (Value at Risk), we need to consider the correlation between the two stocks.
The formula to calculate portfolio VaR with two stocks is given by:
Portfolio VaR = (w₁ * VaR₁) + (w₂ * VaR₂) + 2 * ρ * w₁ * w₂ * σ₁ * σ₂,
where:
w₁ and w₂ are the weights (invested amounts) in stock A and stock B, respectively.
VaR₁ and VaR₂ are the individual VaRs of stock A and stock B, respectively.
ρ is the correlation coefficient between stock A and stock B.
σ₁ and σ₂ are the volatilities (standard deviations) of stock A and stock B, respectively.
Given the following information:
w₁ = $2,500
w₂ = $5,000
VaR₁ = N(-2.326) * w₁ * σ₁
VaR₂ = N(-2.326) * w₂ * σ₂
ρ = 0.7
σ₁ = 0.32 * w₁
σ₂ = 0.24 * w₂
Let's calculate the portfolio VaR:
VaR₁ = N(-2.326) * $2,500 * 0.32 = -2326 * 2500 * 0.32 = -$186,880
VaR₂ = N(-2.326) * $5,000 * 0.24 = -2326 * 5000 * 0.24 = -$271,920
Now, substitute these values into the portfolio VaR formula:
Portfolio VaR = ($2,500 * -$186,880) + ($5,000 * -$271,920) + 2 * 0.7 * $2,500 * $5,000 * 0.32 * 0.24
Portfolio VaR = -$467,200 + -$1,359,600 + 2 * 0.7 * $2,500 * $5,000 * 0.32 * 0.24
Portfolio VaR = -$1,826,800 + 2 * 0.7 * $2,500 * $5,000 * 0.32 * 0.24
Portfolio VaR = -$1,826,800 + 2 * 0.7 * $2,500 * $5,000 * 0.0768
Portfolio VaR = -$1,826,800 + 0.0768 * $2,500 * $5,000 * 2 * 0.7
Portfolio VaR = -$1,826,800 + 0.0768 * $2,500 * $5,000 * 2 * 0.7
Portfolio VaR = -$1,826,800 + $576
Portfolio VaR = -$1,826,224
The benefit of diversification is the reduction in portfolio VaR compared to the sum of individual VaRs. In this case, the benefit of diversification from one-day 99% portfolio VaR is $1,826,224.00.
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A form that records the direct materials, direct labor, and manufacturing overhead cost charged to a job is called a ________________________.
Answer:
Bill of materials
Explanation:
What are Pre-Tax Deductions and Contributions?
a) Contributions taken out of your paycheck BEFORE taxes are calculated on your income
b) Contributions taken out of your paycheck AFTER taxes are calculated on your income
Specialty Products Company has a high turnover rate among its employees, especially those
who are young parents. Solution to this problem
The company has to first investigate the reason why young parents are leaving the company. This is the first step towards resolving the issues of high turnover.
If it is because of the inability to care for their kids while at work, then the company can solve this problem by:
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.
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ou deposited $200, 000 in an account whose annual interest rate is 2%, compounded continu- ously. how long will it take for your balance to double?
The time it will take for your $200,000 deposit to double at a 2% annual interest rate, compounded continuously, is approximately 34.66 years.
To calculate this, we will use the formula A = P\(e^r^t\), where A is the final amount, P is the initial principal, e is the base of the natural logarithm, r is the interest rate, and t is the time in years. In this case, we want the final amount (A) to be double the initial principal ($200,000), so A = 2P. We have P = $200,000 and r = 0.02.
Using the formula: 2P = P \(e^0^.^0^2^t\)
Divide both sides by P: 2 = \(e^0^.^0^2^t\)
Take the natural logarithm of both sides: ln(2) = 0.02t
Solve for t: t = ln(2) / 0.02 ≈ 34.66 years
So it will take approximately 34.66 years for your balance to double with a 2% annual interest rate, compounded continuously.
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how can we use the list of preference while making decisions
Answer:
you Nepal ?
Explanation:
hey what you asking
On June 1, Sawyer Co. borrowed $5,000 by extending their past-due account payable with a 45-day, 12% interest-bearing note. On July 16, the due date, Sawyer pays the amount due in full. Sawyer would record this payment with a (debit/credit) _____ to Interest Expense in the amount of _____.
What is Sawyer Co. Sawyer Co. is a fictional name used in this context to demonstrate a real-life example of borrowing money by extending their past-due account payable with a 45-day, 12% interest-bearing note.
It's a transaction that many businesses make on a regular basis, and it's important to understand how to record such transactions. A credit to Interest Expense in the amount of $60 would be recorded by Sawyer Co. when it pays the amount due in full on July 16.
Explanation:
Interest is the expense incurred by an organization when it borrows money from someone else. When a borrower repays a loan on the due date, the interest expense associated with the loan is recorded.
In this scenario, the interest expense would be recorded as a credit because the organization is paying the interest that it owes on the loan. The amount of interest that the organization owes on the loan is $60, which is calculated by multiplying the principal amount of $5,000 by the interest rate of 12%.Hence, Sawyer would record this payment with a credit to Interest Expense in the amount of $60.
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you purchase one ibm july put contract (having a strike price of $120) for a price of $5 per option on one share. you hold the option until the expiration date when ibm stock sells for $123 per share. you will realize a on the investment. $300 profit $200 loss $500 loss $200 profit
Option D) $200 profit. To calculate the profit or loss on the investment, we need to consider the strike price, option price, and stock selling price.
You purchased one IBM July put contract with a strike price of $120 for $5 per option. This means that you paid a total of $5 for the option.
At expiration, the IBM stock is selling for $123 per share. Since the strike price is $120, the option is in-the-money, allowing you to sell the stock at a higher price than the strike price.
To calculate the profit, we subtract the option price from the difference between the stock selling price and the strike price: ($123 - $120) - $5 = $3 - $5 = -$2.
Since the result is negative, it indicates a loss. However, since you received a premium of $5 when you sold the option, the net profit is the premium minus the loss, which is $5 - $2 = $3.
Therefore, the profit on the investment is $200 ($3 multiplied by the contract multiplier, which is 100 for most stock options), making the correct answer option $200 profit.
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In 1961, President Kennedy signed Executive Order 10925. What term did this order focus on?
Adverse Impact
Affirmative Action
Equal Employment Opportunity
Affected Class
President Kennedy issued Executive Order 10925 in 1961. This order put equal employment opportunity front and centre. answer is option (c).
What is president?In a democracy, the president is the highest elected authority. As the leader of the state, they perform a range of duties and obligations, such as representing their nation abroad, enacting laws, issuing executive orders, appointing government officials, and pardoning and clemency offenders. Presidents oversee the application of laws and regulations and are often only permitted to serve a fixed number of terms.
In both domestic and foreign affairs, they reflect the nation's interests and values as a whole. Presidents are required to lead with integrity, inspire their people, and foster a sense of solidarity among the country's citizenry. Although the president is a strong individual, they nevertheless have a duty to answer to the people and their legislators.
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Smith and Sons Inc. has a target capital structure that calls for 40 percent debt, 10 percent preferred stock, and 50 percent common equity. The firm's current after-tax cost of debt is 6 percent, and it can sell as much debt as it wishes at this rate. The firm's cost of preferred stock is 11 percent and its cost of retained earnings is 14 percent. The firm expects to generate $15,000 in retained earnings this year. Compute the weighted average cost of capital (WACC) break point associated with issuing new common stock
Answer: $30,000
Explanation:
The weighted average cost of capital (WACC) break point that is associated with the issuing of the new common stock will be:
= Earnings retain / Percent of common equity in capital structure
= $15000 / 50%
= $15000/0.5
= $30,000
What is The Humane Society of North Central Florida's mission? *
Answer:
Our mission is to build an ecologically sustainable and humane world for all animals.
Explanation:
I hope it help u
in October 2001 president George w bush gave directions to establish the office of homeland security and the homeland security council. what is this an example of? A. treaty B. executive order C. agency regulation D.Statute
Answer:
agency regulations i think
Question 4 of 10
A fixed interest rates is generally a better option than a variable rate in which
situation?
A. A business owner is seeking a short-term loan to cover
emergency expenses and expects to pay it off quickly.
B. A married couple is seeking a 30-year mortgage for a house that
they plan to live in for a long time.
C. A contractor is seeking a mortgage on a home that he plans to
"flip," or renovate to sell, within 18 months.
D. A student is seeking a credit card to use for daily expenses and
plans to pay off the balance each month.
Answer:
B. A married couple is seeking a 30-year mortgage for a house that
they plan to live in for a long time.
Explanation:
I originally got the wrong answer, and this one showed up as being correct.
A married couple is seeking a 30-year mortgage for a house that they plan to live in for a long time. Thus, option B is the correct option.
What are fixed interest rates?A debt, such as a loan or mortgage, may have a fixed interest rate that never changes. It may be applicable for all or a portion of the loan's term, but it is constant for the duration of the designated time. There are other interest-rate choices available for mortgages, including one that combines a fixed rate for part of the term with an adjustable rate for the remaining amount.
We refer to these as "hybrids." Borrowers who don't want their interest rates to fluctuate throughout the course of their loans, thus raising their interest costs and, by consequence, their mortgage payments, are drawn to fixed interest rates. The risk associated with a floating or variable interest rate is avoided with this sort of rate.
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Weekly demand for area rugs at a Pottery Barn distribution center (DC) is normally distributed with a mean of 81 units/day and standard deviation of 11 units/day. Pottery Barn orders rugs at a unit cost of $699. The annual cost of carrying inventory at the store is 23% of the purchase cost per unit per year. It takes 32 days to receive a delivery. The store reviews its inventory continuously. Assume 52 weeks/year, 7 days/week and 364 days/year. Compute the annual holding cost of the safety stock (in \$) needed to maintain a cycle service level of 98% - Carry your calculations to at least 3 decimal places. - Round your answer to the nearest tenth of a dollar (one decimal place). A table of z-values is provided for your reference.
Given that the unit cost of rugs is $699 and the carrying cost percentage is 23%, we can now calculate the annual holding cost of the safety stock using the provided table of z-values. Please note that I don't have access to the table of z-values, so you'll have to look it up.
To compute the annual holding cost of the safety stock, we need to follow these steps:
Step 1: Calculate the standard deviation of demand during the lead time.
The standard deviation of demand during the lead time can be calculated by multiplying the standard deviation of daily demand by the square root of the lead time:
Step 2: Calculate the safety stock.
The safety stock is equal to the z-value corresponding to the desired cycle service level (98%) multiplied by the standard deviation of demand during the lead time.
Step 3: Calculate the annual holding cost of the safety stock.
The annual holding cost of the safety stock is equal to the safety stock multiplied by the unit cost of the rugs multiplied by the carrying cost percentage.
Annual holding cost of the safety stock = Safety stock * unit cost of rugs * carrying cost percentage.
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Question on Audit & Assurance
Question 1)
The firm of Bureck & Co, where you work as an audit senior, is a Chartered Certified Accountants. After the senior on the engagement falls ill, you are temporarily appointed as audit senior to the audit of Sultana Co, a scaffolding supplier to the construction industry. Currently, you and the junior members of your audit team are analysing the audit files and discussing the audit as it nears completion for the year ending 30 September 2021 for Sultana Co. The draught financial accounts of Sultana Co. show revenues of £12.5 million, a net profit of £400,000, and total assets of £78 million.
After going through the audit files, you've discovered the following information.
Cherry Co, a major customer with whom Sultana Co has several substantial contracts, declared bankruptcy after the end of the year. Efforts to wind down the business have already begun. There are administrators who believe that the corporation can pay about 25 percent of the debt to Sultana Co. This customer has a trade receivable of £300,000 on Sultana Co's financial statement. The audit's management has also been questioned by a member of the audit team who is a junior. The following is what the junior said.
‘Prior to being assigned to the audit team of Sultana Co., I had only worked on two other projects' Despite my expectations, there was no pre-audit meeting where the partner and other senior auditors would discuss the audit. Another problem is that a senior audit manager has been in charge while the audit manager has been on vacation for three weeks and has been replaced. As a result of this, the senior could not always be contacted.'
"I was tasked with auditing the goodwill resulting from an acquisition made during the year." I also participated in the inventory audit and count, which was quite complicated because Sultana Co has a substantial amount of ongoing projects. I endeavoured to be as helpful as possible during the count and assisted the client's staff in counting a portion of the raw materials. As I had participated in the inventory count, the audit senior requested that I question the finance director about the adequacy of the provision against inventory, which the senior felt was grossly understated.
'Finally, we discovered that we were out of time to complete our audit procedures. As a means of saving time, the audit senior advised that we reduce the sample sizes used in our tests. When conducting audit sampling, he also suggested that we select items that would be easy when carrying out audit sampling'
Required:
a) comment on the issues to be taken into consideration as well as an explanation of the audit evidence you can expect to find when reviewing Cherry Co's trade receivable file is required. (6marks)
(b) Analyze the issues of the audit junior on the audit management of Sultana Co. (14 marks)
a) The issues include the impact of Cherry Co's bankruptcy, recoverability of the outstanding amount, and the need for impairment provision
b) While concerns involve the absence of a pre-audit meeting, challenges in contacting the senior audit manager, limited experience of the junior, and suggestions to reduce sample sizes and select easy items during audit sampling.
How should the review of Cherry Co's trade receivable file be approached considering bankruptcy, recovery rate, and provision?Furthermore, what concerns are raised by the audit junior regarding the audit management of Sultana Co?When reviewing Cherry Co's trade receivable file, several factors need to be taken into consideration.
Firstly, the bankruptcy of Cherry Co raises concerns about the collectability of the trade receivable. The estimated recovery rate of 25 percent provided by the administrators should be assessed for reasonableness and its impact on the financial statements evaluated.
Secondly, the adequacy of the provision for doubtful debts needs to be examined. Given the uncertain nature of the receivable, it is important to assess whether the provision reflects the potential credit losses accurately.
The audit team should review the supporting documentation, correspondence with Cherry Co, and assess any subsequent events that may affect the collectability of the debt. This review will provide the necessary audit evidence to evaluate the recoverability of the trade receivable.
Additionally, discussions with the administrators can provide valuable information regarding the financial status of Cherry Co and the likelihood of recovery. The auditor may need to consult legal opinions and expert advice to evaluate the recoverability of the debt accurately. Based on this assessment, appropriate adjustments and provisions should be made to reflect the potential loss arising from Cherry Co's bankruptcy.
The concerns raised by the audit junior regarding the audit management of Sultana Co highlight several issues that need to be analyzed. Firstly, the absence of a pre-audit meeting where the partner and senior auditors discuss the audit raises questions about the adequacy of planning and coordination.
This lack of communication can hinder the efficient execution of the audit and compromise the quality of the work performed. Secondly, the prolonged absence of the audit manager and the challenges in contacting the senior audit manager raise concerns about the availability and accessibility of key personnel for guidance and supervision during the audit.
In analyzing these issues, it is essential to assess whether proper planning, supervision, and delegation of responsibilities were in place, and whether the assigned personnel had the necessary competence and experience.
Additionally, it is crucial to evaluate the impact of these issues on the audit's overall effectiveness, the reliability of the audit evidence obtained, and the accuracy of the financial statements.
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what is the turnover number of 10 microgram of enzyme with a mw of 80000 and a vmax of 28 micromole/min
\(3734sec^{-1}\) is the turnover number of 10 micrograms of the enzyme with an MW of 80000 and a max of 28 micromoles/min
Moles of enzyme = \(\frac{10ug}{80000g/mol}\)\(= 1.25*10^{-4} umol\)
\(V_(max) = 28umol/min\)
\(K_(cat) = \frac{28}{1.25*10^{-4} } min^{-1}\) \(= K_(cat) = 3733.33sec^{-1}\)
Turnover number = \(3734sec^{-1}\)
Turnover is an accounting concept that calculates how fast a commercial enterprise conducts its operations. most usually, turnover is used to recognize how speedy an agency collects coins from bills receivable or how speedy the corporation sells its inventory.
Common varieties of turnover consist of bills receivable turnover, stock turnover, portfolio turnover, and operating capital turnover. agencies can better verify the efficiency of their operations by searching at quite a number of those ratios, often with the purpose of maximizing turnover.
Inside the funding industry, turnover is defined as the share of a portfolio this is bought in a particular month or 12 months. A quick turnover fee generates greater commissions for trades positioned by using a dealer.
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In capital budgeting decision-making, the two most important fundamental factors that should be examined by managers are: select one: a. Risk and capital investment. B. Capital investment and rate of return. C. Risk and rate of return. D. Payback and rate of return. E. Risk and payback
The two most important fundamental factors that should be examined by managers in capital budgeting decision-making are "risk and rate of return." The Correct option is C
Capital budgeting is the process of evaluating and selecting long-term investments that are expected to generate cash flows over a period of several years. The two primary factors that managers should consider when making capital budgeting decisions are the potential risk associated with the investment and the expected rate of return on the investment.
The risk associated with a capital investment can come from a variety of sources, including changes in market conditions, technological obsolescence, and regulatory changes. The rate of return, on the other hand, refers to the expected financial return on the investment, which is influenced by factors such as the size of the investment, the timing of cash flows, and the cost of capital.
Therefore, managers must carefully evaluate both the risk and rate of return associated with a capital investment to make informed decisions that maximize the value of the investment to the organization.
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What is one advantage to placing savings in a high-risk investment as oppose to putting savings in a low-risk investment? O The potential rate of return on investment is higher.O The money is more secure in a high-risk investment.O The amount of money needed to invest is lower. O The tax rate on high-risk investments is lower.
The rate of investment return is higher potentially. In a risky investment, the money is safer.
What is the rate of potential growth?Abstract The pace of growth which an economy may sustain so over medium term without experiencing excessive inflation is known as potential growth. The advanced countries' potential growth has decreased in recent decades as a result of slower increases in the labour force, capital stock, and productivity.
In economics, what does the word "potential" mean?Economic potential is indeed the capacity for economic growth and development of a region, a country, or an organisation. Economic potential is typically discussed when resources are still being underutilised or underdeveloped, potentially due to a lack of infrastructure.
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THIS IS THE SECOND PART
SPICEGIRL AND OTHER PERSON!!
Answer:
When the firm produces 1 unit, its cost per unit is 33.33. There would be about 8.33 decrease in the cost.
Explanation:
Now lets take this apart. The y value is exclaimed as the price per unit, which is not listed. The A value given in the graph is (50, 1.5), which the y and x axis do not have names to what they represent. However, from the information provided we can say that y = the price per units (50 for 1.5).
Going from that, what would 1 be? Well, if it costs 50 per 1.5 units then it would cost 33.33 per unit.
Now if they increased their product production and (50 ,1.5) was replaced by (50, 2), then the cost per unit would be 25 per unit. There would be about 8.33 decrease in the cost.
It's been a bit since i've done slopes and price per unit stuff, sorry if its a bit rusty. Good luck on your test xx
What health issue did Feiler face that led him to consider his family?
Jobs that require lower level skills have better benefits, like health insurance, than jobs that require a college education. Please select the best answer from the choices provided T F
Answer:
False, jobs requiring a higher level of education have more benefits than jobs that require minimal education.
Answer: f
Explanation:
As one more additional variable input such as labor is applied to fixed capital such as plant and equipment, the marginal product or additional output, will fall. This describes the law of ________.
A. demand
B. diminishing returns
C. supply
D. increasing returns
As one more additional variable input such as labor is applied to fixed capital such as plant and equipment, the marginal product or additional output, will fall. This describes the law of B. diminishing returns.
The law of diminishing returns states that as additional units of a variable input (such as labor) are added to a fixed input (such as plant and equipment), the marginal product or additional output derived from each additional unit of the variable input will eventually diminish. In other words, the increase in output becomes less proportionate to the increase in the variable input. This occurs because the fixed input becomes a limiting factor in the production process, leading to a decrease in the efficiency and productivity of each additional unit of the variable input. The law of diminishing returns is an important concept in economics and production theory. It helps explain the relationship between inputs and outputs in the short run and highlights the point at which adding more of a variable input becomes less productive or even counterproductive.
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Assume tuition and fees at Wichita State University cost $4,259 in
2004. If the price index was 184 in 2004 and 245 in 2018, then the
adjusted price for tuition would be. (Round to the nearest
dollar)
To calculate the adjusted price for tuition using the price index, first find the ratio of the price index in the year you want to adjust to the price index in the base year. Then, multiply this ratio by the cost in the base year to find the adjusted price. Finally, round to the nearest dollar.
In order to find the adjusted price for tuition in 2018 using the price index, follow these steps:
Calculate the ratio of the price index in 2018 to the price index in 2004:245/184 = 1.3315 Multiply this ratio by the 2004 tuition and fees cost:1.3315 x $4,259 = $5,668.61
Round this amount to the nearest dollar: $5,669Therefore, the adjusted price for tuition in 2018 would be $5,669.
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Is region of the world where a country is located associated with a country's GDP? Please address this question by using SPSS and a One-Way ANOVA to statistically analyze the following two variables"
To determine if the region of the world where a country is located is associated with a country's GDP, a One-Way ANOVA can be performed using SPSS. This statistical analysis will allow us to assess if there are significant differences in GDP among different regions.
To conduct the analysis, we need two variables: "Region of the World" and "GDP." The "Region of the World" variable should consist of categorical data indicating the region where each country is located (e.g., Americas, Europe, Asia). The "GDP" variable should contain numerical data representing the GDP values for each country.
Using SPSS, we can perform a One-Way ANOVA test, which will assess whether there are significant differences in GDP means across the different regions. The ANOVA test will generate an F-statistic and associated p-value. If the p-value is below a predetermined significance level (e.g., 0.05), we can conclude that the region of the world is associated with the country's GDP.
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Lower of Cost or Market The accountant for Murphy Company prepared the following analysis of its inventory at year end Item Units Cost per Unit Net Realizable Value RSK-89013 470 $38 $44 LKW-91247 329 49 45 QEC-57429 462 25 33 Required: 1. Compute the carrying value of the ending inventory using the lower of cost or market method applied on an item-by-item basis. 2. Prepare the journal entry required to value the inventory at lower of cost or market Cost of Goods Sold Inventory (Inventory adjustment to market value) Previous Next Check My Work 3 more Check My Work uses remaining
The total carrying value of the ending inventory would be $44,215.
The lower of cost or market method is a way to value inventory where the inventory is valued at either its cost or its market value, whichever is lower. In this case, the accountant for Murphy Company has prepared an analysis of its inventory at year-end and has provided the cost per unit and the net realizable value for each item.
1. To compute the carrying value of the ending inventory using the lower of cost or market method applied on an item-by-item basis, we compare the cost per unit with the net realizable value for each item. The carrying value is the lower of these two values. Using this method, the carrying value of the ending inventory would be:
- RSK-89013: 470 units x $38 per unit = $17,860
- LKW-91247: 329 units x $45 per unit = $14,805
- QEC-57429: 462 units x $25 per unit = $11,550
Therefore, the total carrying value of the ending inventory would be $44,215.
2. The journal entry required to value the inventory at a lower of cost or market would be:
Cost of Goods Sold $X
Inventory (Inventory adjustment to market value) $X
This entry records the adjustment of the inventory carrying value to the lower of cost or market, and the corresponding impact on cost of goods sold. The exact dollar amount would depend on the calculations in part 1.
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