The total variable cost of producing 5 units is $73.
Total variable cost refers to the sum of all costs that vary with the level of production. In this case, the total variable cost of producing 5 units is given as $73. This means that the costs associated with producing those 5 units, such as direct materials, direct labor, and variable overhead, amount to a total of $73.
It's important to note that the cost figures provided ($14.60, $10, $63, $73) are not specific to individual units. They represent the cumulative total variable cost for producing 5 units. The breakdown of costs per unit cannot be determined with the information provided.
Total variable cost is a key component in calculating the total cost of production and understanding the cost structure of a business. By analyzing the relationship between total variable cost and the number of units produced, businesses can assess their cost efficiency, make informed pricing decisions, and optimize production levels.
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who owns most farms and factories in a capitalist economy?
In a capitalist economy, the ownership of farms and factories is typically held by private individuals or corporations. This means that the majority of farms and factories are owned by wealthy individuals or large corporations who have the resources to invest in and maintain these businesses.
In a capitalist economy, the ownership of farms and factories is primarily in the hands of private individuals or corporations. These entities are motivated by profit and competition, and they aim to maximize their returns on investment by producing goods and services that are in demand by consumers.
In some cases, farms and factories may be owned by family businesses or small-scale entrepreneurs, while in other cases they may be owned by large multinational corporations or investors. Ownership may also be spread across a wide range of individuals and institutions through stock ownership.
Overall, the distribution of ownership in a capitalist economy is driven by market forces and the laws and regulations governing business ownership and investment. The ownership structure can vary widely depending on the specific country and industry and can be influenced by factors such as political stability, economic growth, and access to capital.
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Plz help me I’ll make u the brainliest ( I promise)
nvestment advisors at your local bank branch office: a) Are not able to plan strongly diversified portfolios for their customers b) Must be transparent about their rates and services c) Are working solely on behalf of their customers to earn money d) Do not advise their customers on their financial goals
Answer:
b) Must be transparent about their rates and services
Explanation:
investment advisors at your local bank branch office: Must be transparent about their rates and services
What is the role of the third part in mediation?
A. Adversary
B.Advocate
C.Friend
D.Facilitator
Answer:
b
Explanation:
Answer:
facilitator
Explanation:
. determine the predetermined overhead rate used (based on direct materials cost). 2. only one job remains in work in process inventory at year-end. its direct materials cost is $30,000. how much direct labor cost and applied overhead are assigned to this job?
The predetermined overhead rate used is $2.50 per dollar of direct materials cost, and the amount of direct labor cost and applied overhead assigned to the job is $12,000 and $75,000, respectively.
Predetermined overhead rate = Estimated total manufacturing overhead cost / Estimated total direct materials costFor example, if the estimated total manufacturing overhead cost for the period is $500,000 and the estimated total direct materials cost is $1,000,000, then the predetermined overhead rate would be:Predetermined overhead rate = $500,000 / $1,000,000 = 0.50 or 50%Therefore, the predetermined overhead rate based on direct materials cost is 50%.The formula for the total manufacturing cost of a job is:Total manufacturing cost = Direct materials cost + Direct labor cost + Manufacturing overhead costSince we know the direct materials cost for the job is $30,000, we can use the predetermined overhead rate to estimate the manufacturing overhead cost for the job. The formula for the manufacturing overhead cost assigned to the job is:Manufacturing overhead cost = Predetermined overhead rate x Direct materials costTherefore, the direct labor cost assigned to the job is $0 and the applied overhead is $15,000. This means that the total cost of the job in work in process inventory is $45,000.
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Should citizens participating in
criminal trials should have some requirements such as someone who
has a degree? Or someone who makes at least $20,000 per year? Why
or why not?
Citizens participating in criminal trials should not be required to have a degree or make a certain amount of money per year. This is because such requirements would create inequalities in the justice system and violate the principle of equal protection under the law that is enshrined in the US Constitution.
First, requiring citizens to have a degree in order to participate in criminal trials would discriminate against those who cannot afford higher education. This would create an unfair advantage for those who are more affluent and better-educated, and it would prevent many people from serving on juries or as witnesses.
Secondly, requiring citizens to make a certain amount of money per year would also create inequalities. Poorer citizens would be excluded from participating in criminal trials, which would violate their rights to equal protection under the law. Moreover, wealth is not necessarily a measure of a person's ability to serve as a juror or a witness. A person's income level does not necessarily correlate with their intelligence, education, or integrity
.In conclusion,citizens should not be required to have a degree or make a certain amount of money per year in order to participate in criminal trials. Doing so would violate the principle of equal protection under the law, create inequalities, and prevent many people from participating in the justice system.
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Explain the following quote "The rich rule over the poor, and the borrower is slave to the lender."
Answer:
When Dave was confronted with this Scripture, he had to really consider who was right his broke finance professor, who taught that debt is a tool, or God, who never has anything good to say about debt.
Explanation:
Answer:
When people get into debt, they start living their life just to pay off the debt. This means that all they are doing is working for their lender. The rich often rule over the poor becuase they have more influence and are therefore able to make decisions for the rest of the world population
Sofia bought a couch that required a $60 down payment and $60 per month for the next eight months. Which type of liability does this describe?.
Assuming Sofia bought a couch that required a $60 down payment. This liability describes d) a current liability.
What is a current liability?
Current liability can be defined as the amount owed or debt a person is expected to pay back within a stipulated period.
A company's short-term financial commitments that are due in a year or within a typical operational cycle are known as current liabilities. An organization's operational cycle, also known as the cash conversion cycle, is the period of time it takes to buy inventory and turn that inventory into cash through sales. The sums owing to suppliers in the form of accounts payable are an illustration of a current liability. A company's short-term financial commitments that are due in a year or within a typical operational cycle are known as current liabilities. An organization's operational cycle, also known as the cash conversion cycle, is the period of time it takes to buy inventory and turn that inventory into cash through sales.
Since Sonia is expected to pay $60 per month for eight months which means that Sonia has a debt to deliver within a year.
Therefore this liability describes d) a current liability.
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highlight four reasons why a seller would prepare a proforma invoice???
Answer:
Pro forma invoices are sent to buyers ahead of a shipment or delivery of goods or services. Most pro forma invoices provide the buyer with a precise sale price. A pro forma invoice requires only enough information to allow customs to determine the duties needed from a general examination of the included goods.
Explanation:
hope i help
what are two factors that have caused labor union membership to decline significantly over the past 50 years?
Two factors that have caused labour union membership to decline significantly over the past 50 years are Right-to-work laws were passed and the loss of jobs in manufacturing in the US.
What do you know about labour union membership ?
Unions are independent worker organisations formed for the purpose of furthering and defending workers' interests. As a result, they play an important role in the quest for better remuneration and working conditions. Union membership, density, and bargaining power all have a significant impact on working conditions. Reliable data on unions and unionisation, employers' organisations, collective bargaining, and industrial disputes are required to assess the extent of social dialogue. This page contains statistics and other information about global unionisation.
So, The required answer is Right-to-work laws were passed and the loss of jobs in manufacturing in the US.
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Describe the difference between primary and secondary data. What
are the main benefits and pitfalls of both?
Answer:
Describe the difference between primary and secondary data. What
are the main benefits and pitfalls of both?
Primary data is original and unique data that is collected through firsthand observation, interviews, surveys, experiments, etc. Primary data is typically collected for a specific research project and is customized to meet the researcher's needs. On the other hand, secondary data is data that has already been collected by others and is available for use. It can be collected from a range of sources like published reports, online databases, or social media.
The main advantages of primary data are that it is customized to the researcher's needs, is original and unique, and can be controlled and monitored. However, collecting primary data can be time-consuming and expensive. Respondents may also not be honest, leading to biased data.
The benefits of secondary data are that it is easy to obtain, is inexpensive, and can provide a broader perspective for research without the need for a large-scale study. However, the accuracy and reliability of secondary data are not always guaranteed, and it may not be tailored to the researcher's specific needs. It can also be outdated and may not be relevant to the current research question.
In summary, the main benefits and pitfalls of primary data are that it is customized but time-consuming and expensive, while secondary data is readily available but may not be accurate or tailored to the researcher's needs.
Explanation:
2009 novel the accidental billionaires tells the story of which famous internet site?
The Accidental Billionaires, published in 2009, relates the tale of the well-known website
In order to stand out from the elite, competitive, and brilliant student body at Harvard University, close buddies Eduardo Saveri and Mark Zuckerberg had to spend several lonely nights searching for a means to achieve this goal.
Describe the accidental billionaire in detail.
Mark Zuckerberg, a young computer expert, is the subject of Ben Mezrich's book "The Accidental Billionaires - The Creation of " which tells the tale of how he elevated the concept of a social networking site beyond anything that anybody else could have ever envisioned.
How reliable are the unintentional billionaires?
I believe Accidental Billionaires is a pretty true account of something like the origins of, and it was transformed into the film "The Social Network."
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__________ communication can significantly enhance an organization's reputation, productivity, community support, and economic success.
External communication, when performed effectively, is capable of improving organizational processes and their marketing success.
What is external communication?Corresponds to communication carried out outside the organization, with the aim of attracting consumers, customers and partners, increasing competitiveness and positioning in the active market.
Therefore, the external communication department is responsible for exchanging information with the macro-environment in line with the company's values and objectives, seeking strategic advantages.
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given periodic ci updates, the pm has to stay abreast of those updates as they impaact the caquisition strategy in terms of overall program risk: and cost, schedule and perofmrance. (True or False)
The given statement is True. The Program Manager has to stay aware of the periodic CI (Configuration Item) updates, as they affect the acquisition strategy regarding the program's general risk, cost, schedule, and performance.
By being up to date on the configuration item updates, the PM (Program Manager) can assess the possible risks and then modify the program's acquisition strategy according to the same. This will ensure that the program is not negatively impacted. The Program Manager should stay up to date on periodic CI updates to prevent any errors that might occur during acquisition. What is the Configuration Item (CI)? A configuration item (CI) is a part of the system that can be handled independently of the rest of the system because it is identified and monitored by configuration management. CI (Configuration Items) are the smallest things that can be managed under a configuration management program. They may range from a single document or a project plan to the whole complex system or platform. Therefore, it is essential to stay up to date on periodic Configuration Item (CI) updates. The Program Manager should be aware of CI updates, as it impacts the acquisition strategy in terms of program risk: cost, schedule, and performance.
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Calvin purchased 2 fish bowls full of goldfish and 3 goldfish in a single bag. Each bowl had 6 fish in it. How many goldfish did Calvin buy? Calculate the number of fish in 1 bowl and in the bag together. Divide that number by the number of bowls. Calculate how many goldfish are in 2 fish bowls. Add that number to the number of fish in the bag. Calculate how many more goldfish are in a bowl than the bag. Multiply that number by the number of bowls. Calculate how many fish bowls there are. Add that number to the number of fish in the bag.
Answer:
How many goldfish did Calvin buy?
(2 bowls x 6 goldfish) + 3 goldfish in a bag = 15 goldfishCalculate the number of fish in 1 bowl and in the bag together.
(1 bowls x 6 goldfish) + 3 goldfish in a bag = 9 goldfishDivide that number by the number of bowls.
9 goldfish / 2 bowls = 4.5 goldfishCalculate how many goldfish are in 2 fish bowls.
2 bowls x 6 goldfish = 12 goldfishAdd that number to the number of fish in the bag.
12 goldfish + 3 goldfish = 15 goldfishCalculate how many more goldfish are in a bowl than the bag.
6 goldfish - 3 goldfish = 3 goldfish more in a bowl than in a bagMultiply that number by the number of bowls.
3 goldfish x 2 = 6 goldfishCalculate how many fish bowls there are.
2 fish bowlsAdd that number to the number of fish in the bag.
2 + 3 = 5Question 9 of 10
The tax is paid by employers to fund the federal government's
unemployment account.
OA. OASDI
OB. SUTA
O C. Medicare
O D. FUTA
The tax paid by employers to fund the federal government's unemployment account is the Federal Unemployment Tax Act (FUTA). Therefore, option (d) is correct.
The Federal Unemployment Tax Act (FUTA), in conjunction with state unemployment systems, provides for the payment of unemployment compensation to people who have lost their jobs.
FUTA pays a federal part of unemployment insurance (UI) and job service programme administration costs in every state. Furthermore, during periods of high unemployment, FUTA pays one-half of the cost of extended unemployment benefits. It also creates a fund from which states might borrow to pay benefits when necessary.
As a result, the significance of the tax is paid by employers to fund the federal government's unemployment account are the aforementioned. Therefore, option (d) is correct.
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Rolland Poust is a business student. Last semester, he took courses in statistics and accounting, three hours each, and earned an C in both. He earned a A in a five-hour history course and a B in a five-hour history of jazz course. In addition, he took a one-hour course dealing with the rules of basketball so he could get his licence to officiate high school basketball games. He got an A in this course. What was his GPA for the semester? (Round the final answer to 2 decimal places.)
GPA for the semester _______
Assume that he receives 4 points for an A, 3 for a B, and so on. What measure of central tendency did you just calculate?
The GPA for the semester is 2.92. The measure of central tendency is mean.
GPA stands for Grade Point Average. It is a calculation of your average grade point per semester. It reflects your academic performance over a given period of time. GPA is a metric used by schools, colleges, and universities to evaluate academic progress. The formula for calculating GPA is:
GPA = Σ(GPA * Credit hours) / ΣCredit hours
Given that, Rolland Poust took the following courses and scored grades:
Statistics (C) – 3 hours
Accounting (C) – 3 hours
History (A) – 5 hours
History of Jazz (B) – 5 hours
Basketball rules (A) – 1 hour
So, total credit hours = 3 + 3 + 5 + 5 + 1 = 17
Credit hours * Grades = Grade points in the respective courses
Grades are assigned points according to the following table:
A: 4 points
B: 3 points
C: 2 points
D: 1 point
F: 0 points
Grades Credit Hours Grade Points
Statistics (C)3*2=6
Accounting (C)3*2=6
History (A)5*4=20
History of Jazz (B)5*3=15
Basketball rules (A)1*4=4
Total 17 51
To calculate the GPA of Rolland Poust for the semester, use the formula:
GPA = (Σ Grade points) / Credit hours= (51) / 17= 2.92
In this question, the measure of central tendency is mean. Mean is a statistical measure that is used to calculate the average of a data set. It is also referred to as the arithmetic mean. Mean is calculated by dividing the sum of all values by the total number of values in a dataset.
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Causes of deflation (essay answer)
do this document and I will give you 100 points send it back to me completed all the directions are on here.
Answer:
I like chicken
Explanation:
beginning work-in-process is 6,400 units; 63,300 units completed, and ending work-in-process is 7,450 units, which are 100% complete for direct materials and 50% complete for conversion costs. the beginning wip inventory is 100% complete for direct materials and 50% complete for conversion.
The equivalent units of production for direct materials are 69,150, and for conversion costs are 65,925.The total equivalent units of production for direct materials are 69,150 (6,400 + 63,300), and for conversion costs, it is 65,925 (6,400 + 63,300 + 3,725).
Equivalent units of production are a measure used in process costing to account for partially completed units. In this scenario, we have three components to consider: beginning work-in-process (WIP), completed units, and ending WIP.
For direct materials, both the beginning WIP (6,400) and completed units (63,300) are fully processed, so they are counted as equivalent units.
For conversion costs, the beginning WIP (6,400) is 50% complete, so 50% of those units (3,200) are counted as equivalent units. The completed units (63,300) are fully processed. The ending WIP (7,450) is 50% complete, resulting in 3,725 equivalent units.
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QUESTION 4 of 10: When a hotel "comps" a room, the hotel:
a) Sets the room rate equal to competitors' rates
b) Provides the room for free
c) Provides a complete rate with room and meals packaged together
Answer:
B) The hotel Provides the room for free.
the rent a firm pays each month for office space is an example of a(n)
The rent a firm pays each month for office space is an example of an expense.
An expense is a cost incurred by a business in order to generate revenue. Rent for office space is a necessary expense for most businesses, as it provides a physical location for employees to work and for customers to visit. Other common expenses for businesses include salaries, utilities, supplies, and marketing costs. By tracking and managing expenses, businesses can ensure they are operating efficiently and maximizing their profits.
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Turn to Part C of the Systems Analyst's Toolkit and review the concept of net present value (NPV). Determine the NPV for the following: An information system will cost $175,000 as an initial investment to implemented over a six month period and will produce no savings during the last six months of first year once it has gone online. When the system goes online, the company will save $27,750 during the second year of operation. For the next four years, the savings will be $39,250,$45,500,$48,500, and $40,250, respectively per year. Assuming a 4.25% discount rate, what is the NPV of the system? Explain in detail whether.or.not this a good investment (one four sentence paragraph at a minimum).
The NPV of the system is the sum of the present values of the cash flows minus the initial investment, which needs to be calculated based on the given data.
To calculate the NPV, we need to discount the future cash flows to their present values and subtract the initial investment. Using a discount rate of 4.25%, we can calculate the present value of each cash flow and sum them up. The present value of each cash flow is calculated by dividing the cash flow by (1 + discount rate) raised to the corresponding period. After calculating the present values, we subtract the initial investment of $175,000. If the resulting NPV is positive, it indicates that the project is a good investment. If the NPV is negative, it suggests that the project may not be worthwhile.
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1. The CPI in 1970 was 38.8 and in 1998 the CPI was 163.0. If the real value of a 1970 gallon of milk in terms of 1998 dollars is $0.70, what was the nominal price of milk in 1970? Answer: 2- The demand for books is: Qd = 120-P The supply of books is: Os = 5P a) What is the equilibrium price of books? b) What is the equilibrium quantity of books sold? Answer: 3- Monica consumes only goods Aand B. Suppose that her marginal utility from consuming good Ais equal to 1/Qa, and her marginal utility from consuming good B is 1/Qb. If the price of Ais $0.50, the price of B is $4.00, and the Monica's income is $120.00, how much of good Awill she purchase? Answer:
1) The nominal price of milk in 1970 is $0.17; 2(a) the equilibrium price of books is $20; (b) the equilibrium quantity of books sold is 100; 3)Amount of good A purchased is 120.
(1) To find the normal price of value:
= (CPI in 1970)*(real value of a gallon in 1970) ÷ (CPI in 1998)
= 38.8($0.70)/163
= $0.17
So, the normal price of milk in 1970 is $0.17.
2(a) Demand for books is,\(Q_{d}\) = 120-p
The supply of books is \(Q_{d}\) = 5p
In equilibrium, \(Q_{d}\) = \(Q_{s}\)
120 - Р = 5Р
120 = 5Р + Р
120 = 6Р
Р = 120/6
Р = 20
So, The equilibrium price of books is $20
2(b) \(Q_{d}\) = 120 - p
= 120 - 20
\(Q_{d}\) = 100
Therefore, The equilibrium quantity of books sold is 100 units.
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A 1-column table with 5 rows. Column 1 is labeled Addition Words with entries add, increase by, more than, sum, total.
Write an algebraic expression to model the unknown number situation.
the sum of five and a number
Complete each statement to explain how to model this situation.
Replace “a number” with .n,+,5, or -
Replace “sum” with .n,+,5, or -
Replace “five” with .n,+,5,or -
The correct algebraic expression is .+5n,5+n,5-n, or n5+
WILL GIVE 50 POINTS PLEASE HELP ME
Answer:
Replace “a number” with n
Replace “sum” with +
Replace “five” with 5
The correct algebraic expression is 5 + n
Im pretty sure this is right but correct me if im wrong :)
Answer:
Replace “a number” with
✔ n
.
Replace “sum” with
✔ +
.
Replace “five” with
✔ 5
.
The correct algebraic expression is ✔ 5 + N
Explanation:
State
five
features distinguishing Features of servicing
Answer:
The answer is below:
Explanation:
Services are a byproduct of a business firm which is done in exchange for money. However, unlike the products or goods, it has its distinct features or characteristics.
Hence, there are various Features of services, some of which includes the following:
1. Intangibility: they are not tangible or cannot be touched
2. Perishability: they cannot perish like goods
3. Inseparability: services under the ae work or elements cannot be separated like goods
4. Heterogeneity: the quality of services is diverse, hence, the price and time of delivery vary.
5. Ownership: unlike the goods, when it comes to services the person rendering services is the one that tends to move around.
The area of accounting that provides external users with information is called _____.
a. managerial accounting
b. financial accounting
c. tax accounting
d. None of these choices are correct.
Consider a second hand car market where three types of cars are being sold: High quality (H), medium quality (M) and low quality (L). Sellers value an H at $2000, an M at $1200 and an L at $800, whereas buyers value an H at $1800, an M at $1600 and an L at $1400. As discussed in the "Akerloff's Lemons Market", sellers are able to distinguish between different quality cars but buyers are not and a buyer believes that in this market 40% of the cars is an H, 30% of the cars is an M and 30% of the cars is an L. a) Determine which type of cars will be sold at the efficient allocation. b) Determine which type of cars will be sold at the market equilibrium.
Answer:
a) Determine which type of cars will be sold at the efficient allocation.
All cars would be sold in a Pareto efficient allocation.
In a Pareto efficient market, resources are all allocated in teh most efficient possible way. This is the reason why this is just a theoretical concept that does not necessarily apply in real life.
b) Determine which type of cars will be sold at the market equilibrium.
Since consumers are only willing to pay up to $1,620 for a used car, only medium quality and low quality cars will be sold. The price of high quality used cars is higher than the equilibrium price.
Explanation:
the most a buyer would be willing to pay for a used car is ($1,800 x 40%) + ($1,600 x 30%) + ($1,400 x 30%) = $720 + $480 + $420 = $1,620
In the Peerless case, the buyer and seller each contemplated a different ship sailing. The English court found that there was no contract because
The Peerless case highlights the importance of mutual agreement, clear communication, and freedom of negotiation when entering into a contract.
In the Peerless case, the buyer and seller each contemplated a different ship sailing. The English court found that there was no contract because the parties did not reach a mutual agreement on the essential terms of the contract. The buyer and seller had different ships in mind, and as a result, their intentions were not aligned. The court held that there must be a consensus ad idem, or a meeting of the minds, between the parties for there to be a contract.
The case established the importance of clear communication and understanding between the parties when negotiating a contract. It also highlights the need for a clear definition of the subject matter of the contract. In this case, the parties failed to agree on the specific ship to be used for the delivery of the goods, which led to confusion and disagreement. Furthermore, the Peerless case serves as a reminder that contracts must be entered into voluntarily, and parties must be free to negotiate the terms of the agreement. Any misrepresentation or fraud during the negotiation process may render the contract void.
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______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???
Answer : Monopolistic competition
Answer:
Monopolistic Competition
Explanation:
In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.