The perfectly competitive business would want to produce as much as possible in the near term where profits are highest or, if profits are not attainable, where losses are lowest. In this instance, the term "short run" refers to a scenario in which businesses produce with a single fixed input and suffer fixed production expenses.
What happens to a competitive firm in the short run?
The portion of a business's marginal cost curve that is above the minimum level of its average variable cost (AVC) curve is the short-run supply curve for a perfectly competitive firm. The firm's ideal output should be zero if the cost of the product it produces is less than the minimal level of its AVC.
In a scenario where marginal revenues (MR) match marginal costs, an individual firm's profit can be maximized under short-run perfect competition (MC).
A completely competitive business should cease operations as soon as the market price it encounters is below the average variable cost at the profit-maximizing production level.
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three reasons except politics for the looting of shops,malls and the destruction of business property in Gauteng and KwaZulu Natal
an order to stay on track for long term financial goals, money for emergency spending should be taken first from your Osavings account. discretionary money. fixed expense money. O net income.
Answer: discretionary money
Explanation:
Edge 2021
To stay on track for long-term financial goals, money for emergencies should be taken first from your discretionary money. The correct option is b.
What is discretionary money?Discretionary income is the amount of money left for an individual to spend or save after paying taxes and for personal needs, such as food, lodging, and clothes. Discretionary income includes money spent on luxury goods, holidays, and non-essential goods and services.
Since discretionary income is the first to decline amid job loss or reduction in wages, companies selling discretionary products continue to suffer the most during economic downturns and recessions. Discretionary spending is a significant part of a balanced economy. Citizens spend money on such items as travel, movies, and consumer goods only if they have the funds to do so.
Many people purchase luxury items using credit cards, but through personal debt is not the same as getting discretionary income.
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Robert G. Flanders Jr., the state-appointed receiver for Central Falls, RI, said his city's declaration of bankruptcy had proved invaluable in helping it cut costs. Before the city declared bankruptcy, he said, he had found it impossible to wring meaningful concessions out of the city's unions and retirees, who were being asked to give up roughly half of the pensions they had earned as the city ran out of cash.
True or False
Answer: false
Explanation:
The alternative to the term of agreement is the declaration of bankruptcy, in which the cities can extract their pensions, it gives a much better alternative. It also increases the bargaining powers of the members of the city. It will help in extracting concessions from the government. It also increases the disagreement value of the city.
An example of product placement is when a:
A. Verizon phone is featured in an advertisement,
B. TV show has a character who uses an iPhone,
c. movie's characters use lots of computers.
D. celebrity uses a product in an advertisement
Answer:
verizon phone is featured in an advertisement
An investment will pay you $24,000 in 7 years. The appropriate discount rate is 6 percent compounded daily. What is the present value
Answer:
$15,769.67
Explanation:
The formula for determining present value is
FV x (1 + r/m)^-mn = P
FV = Future value
P = Present value = $24,000
R = interest rate = 6%
N = number of years = 7
m = number of compounding = 365
$24,000 x ( 1 + 0.06/365)^-365 x 7 = $15,769.67
Calcula el interés simple de un capital de $24,000 invertido durante 5 años al 8% anual
Answer:
End Balance: $33,600.00
Total Interest: $9,600.00
Explanation:
Calculation steps:
Total Interest = $24000 × 8% × 5
= $9,600.00
End Balance = $24000 + $9,600.00
= $33,600.00
Discuss the relationship between competition and consumer expectations.
Answer:
The relationship between competition and consumer expectations is by what the compitition is creating in terms of product and functionability. And the consumer expectation is what will help the by buying into this product.
Explanation:
Now that you have analyzed both sides of fiscal and monetary policy, it’s time to create a debate for a television news show. Choose the information you compiled in either task 1 or task 2, and compose a script that meets these requirements:
Write 10 lines of dialogue each for two characters (20 dialogue lines in total). The dialogue must be economics related and relevant.
One character must take your viewpoint, and the other character must take the opposing viewpoint.
Script each character’s rationale for why the specific action they believe in should be taken.
Include each character’s main opposition to the opposing viewpoint.
Ensure that each character questions the other about points of perceived bias, with each character responding to the other’s question.
The appropriate response to the open question is this. Even though the question doesn't have the language or references for the fiscal and monetary policy arguments.
What is Monetory Policy ?We can nevertheless generate a debate for a television news programme.
Monetary policy refers to the macroeconomic strategy of the central bank.
The government of a country use this demand-side economic strategy to achieve macroeconomic objectives including inflation, consumption, growth, and liquidity. It entails controlling the interest rate and money supply.
In order to meet the demands of various economic sectors and hasten the pace of economic progress, the Reserve Bank of India's monetary policy in India strives to control the amount of money.
For instance, a nation's economy requires liquidity to expand.
Dialogues:
Legislator: I'm adamant that the nation needs to borrow money right now to deal with its problems.
That is the absolute last thing the nation needs, so of course not, secretary. Legislator: Mr. Secretary's limited perspective is regrettable.
Secretary: Senator, you could not be more wrong. With regard to the federal government's fiscal policy, it is known as responsibility.
Legislator: It is inconceivable that the Department you oversee would refuse to take the necessary steps to assist our citizens.
Secretary: We conduct ourselves responsibly. The debt owed by the nation is enormous. We are unable to avoid taking on additional debt.
Legislator: But these are challenging times!
Secretary: This implies that you and your group alter your interpretation of the word simple.
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3. Analyze and suggest various methods of recruitment for the following job positions.
i. Content developer
ii. University Professor
iii. Data scientist
iv. Financial Advisor
v. Marketing Executive
Explanation:
i.u would have to finesh highschool and go to colloge for film work
ii.u would have to pay really good attention in all of your classes and put in all of your effort
iii.u would have to be really good at readying graffes and putting all the date in order
iv. agin u would have to be really good with numbers and charts to show them what they gonna have in the long and short term
v.u would have to go throw a lot of colloge have to be always organized good with people and over all really focused on what u have to do to get there set goels and concer them
What is it called when a person's behavior in the workplace creates circumstances that make it difficult for someone else of a particular sex to do his or her work?
Sports Socks has a policy of always paying within the discount period and each of its suppliers provides a discount of 2% if paid within 10 days of purchase. Because of the purchase policy, 85% of its payments are made in the month of purchase and 15% are made the following month. The direct materials budget provides for purchases of $132,000 in November, $299,000 in December, $239,000 in January, and $227,000 in February. What is the balance in accounts payable for January 31, and February 28?
Ending Balance
January $
February $
The balances in the Sports Socks' accounts payable are as follows:
January = $35,850February = $34,050.How are the balances computed?The accounts payable balances for January and February are 15% of the month's purchases, which are left unpaid within the purchase month.
Sports Socks takes advantage of the 2% discount for prompt payment to settle 85% of all purchases for the month. This leaves 15% of each month's purchases unsettled until the following month.
Direct Materials BudgetNovember December January February
Purchases $132,000 $299,000 $239,000 $227,000
Cash Payments:
85% Purchase month $112,200 $254,150 $203,150 $192,950
15% Following month 19,800 44,850 35,850
Balances in Accounts Payable:January = $35,850 ($239,000 x 15%)
February = $34,050($227,000 x 15%)
Thus, Sports Socks reduces its cost of purchases by paying 85% within the discount period and accesses a short-term credit of 15% of its purchases.
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The director decides to move forward to fix this issue.
"I'd like you to come up with a strategy to fix this misperception by consumers. I want this strategy to create an almost involuntary reaction in the consumer of thinking 'good-tasting cookie' whenever they see 'Cocoa Cremes'."
"I think once they learn and remember that the cookie brand stands for an enjoyable eating experience, we may see an increase in sales."
Which strategy would you recommend to the director?
You will recommend developing an advertising strategy that pairs image of people eating and enjoying cookies .
Elaborating:This is primarily due to the fact that the company is compelled to show customers a product commercial with two pictures of people eating and enjoying cookies bearing the brand name. which will undoubtedly recall the advertising campaign and brand name.
Every time they see advertising that uses the brand name, customers would be encouraged to try the product. Your brand's exposure through this strategy will undoubtedly result in increased sales. Customers will begin to view the brand in a more favorable light as a result of this positive influence.
Despite the fact that managers frequently employ both mental models, they frequently fail to recognize the differences. Additionally, decision-makers fall prey to mental pitfalls as a result of this lack of awareness. We can avoid falling into these traps and make better decisions if we understand backward and forward thinking.
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Hamilton company uses a periodic inventory system, at the end of the annuanl accounting period, December 31,2015, the accounting records provided the following information for product 1:
Unit Unit Cost
Inventory, December 31, 2014 2000 $5
For the year 2015:
Purchase, March 21 6000 4
Purchase, August 1 4000 2
Inventory, December 31, 2015 3000
Required:
Compute ending inventory and cost of goods sold under FIFO, LIFO, and average cost inventory costing methods.
Answer:
FIFO : Ending Inventory = $6,000, Cost of Goods Sold = $36,000
LIFO : Ending Inventory = $36,000, Cost of Goods Sold = $28,000
Weighted Average Cost Method : Ending Inventory = $10,500, Cost of Goods Sold = $31,500
Explanation:
FIFO
Assumes that the first goods received by business will be the first ones to be delivered to the final customer.
Ending Inventory
Ending Inventory = Units left × Earliest Price
= 3000 units × $2
= $6,000
Cost of goods sold
Cost of goods sold : 2000 units × $5 = $10,000
6000 units × $4 = $24,000
1000 units × $2 = $2,000
Total = $36,000
LIFO
Assumes that the last goods purchased are the first ones to be issued to the final customer.
Ending Inventory
Ending Inventory 2000 units × $5 = $10,000
6000 units × $4 = $24,000
1000 units × $2 = $2,000
Total = $36,000
Cost of goods sold
Cost of goods sold : 4000 units × $2 = $8,000
5000 units × $4 = $20,000
Total = $28,000
Weighted Average Cost Method
The average cost of goods held is recalculated each time a new delivery of goods is received Issues are then priced out at this weighted average cost.
First Calculate the Average Cost
Average Cost = Total Cost / Total Units
= (2000 × $5 + 6000 × $4 + 4000 × $2) / 12,000
= $42,000 / 12,000
= $3.50
Ending Inventory
Ending Inventory = Units left × Average Price
= 3000 units × $3.50
= $10,500
Cost of goods sold
Ending Inventory = Units Sold × Average Price
= 9,000 units × $3.50
= $31,500
On December 31, 2020, Oriole Company sold for $153000 an old machine having an original cost of $266000 and a book value of $113000. The terms of the sale were as follows: $40000 down payment $56500 payable on December 31 each of the next two years The agreement of sale made no mention of interest; however, 7% would be a fair rate for this type of transaction. What should be the amount of the notes receivable net of the unamortized discount on December 31, 2020 rounded to the nearest dollar? (The present value of an ordinary annuity of 1 at 7% for 2 years is 1.80802.)
Answer:
$102,153.13
Explanation:
Amount payable on December 31 each of the next two years = $56,500
The PV of ordinary annuity of ($1,7%,2 years) is 1.80802
The amount of the notes receivable net of the unamortized discount = Amount Payable * PV($1, 7%, 2)
= $56,500 * 1.80802
= $102,153.13
So, the amount of the notes receivable net of the unamortized discount on December 31, 2020 will be $102,153.13.
if the CEO of beautify wanted to develop a new line of skin care products specifically for people with sensitive skin, she might appoint a
Answer: companies
Explanation: because she has a beautiful work job
If the CEO of Beautify wanted to develop a new line of skincare products specifically for people with sensitive skin, she might appoint a product development team or a specialized research and development (R&D) team to oversee the process.
Appointing a product development team or an R&D team would be a suitable approach for developing skincare products tailored to individuals with sensitive skin. This team would typically consist of experts in the field, including cosmetic chemists, dermatologists, and skincare specialists. Their role would involve conducting research, analyzing market trends, formulating product ingredients, and testing the efficacy and safety of the skincare line.
By assembling a dedicated team, the CEO can ensure that the specific needs and concerns of people with sensitive skin are addressed throughout the product development lifecycle. This team would focus on creating formulations that are gentle, hypoallergenic, and free from potentially irritating ingredients. They would also conduct thorough testing to validate the effectiveness and compatibility of the products with sensitive skin.
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4. During a slow business period, an associate sees a new hire having trouble answering a customer's questions. The customer is ready to leave. What should the
associate do?
O A. Step in and say, "Here, let me help," then ring the sale
OB. Approach them and ask, "Can I help answer any questions?
OC. Alert the manager that the new hire needs help
D. Watch without interrupting and advise the new hire after the customer leaves
In this situation, the most appropriate course of action for the associate would be to choose option B: Approach them and ask, "Can I help answer any questions?"
In this situation, the most appropriate course of action for the associate would be to choose option B: Approach them and ask, "Can I help answer any questions?" By approaching the new hire and offering assistance, the associate demonstrates teamwork and a willingness to support colleagues. This approach allows the new hire to handle the customer interaction directly, gain experience, and build confidence. However, the associate's presence and offer to help signal that they are available to step in if needed. Interrupting the interaction completely, as in option A, may undermine the new hire's ability to learn and handle customer inquiries independently. It is essential to strike a balance between providing support and allowing the new hire to develop their skills. Option C, alerting the manager, should be reserved for situations where the new hire is struggling consistently or if the customer's concerns are not being addressed. It is generally more effective to offer immediate assistance before involving higher-level management. Option D, watching without interrupting and advising the new hire afterward, misses the opportunity to salvage the customer's experience in real-time. Addressing the customer's concerns promptly and preventing them from leaving is crucial for maintaining customer satisfaction and loyalty. In summary, approaching the new hire and offering assistance while the customer is still present (option B) strikes a balance between supporting the new hire and ensuring a positive customer experience.
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Case Study
Sovrano Café is considering a major expansion of its business. The details of
the proposed expansion project are summarized below:
- The company will have to purchase $950,000 equipment, that require
installation cost and transportation cost equal $100,000.
- The project has an economic life of 5 years.
- The cost can be depreciated using straight line method.
- At t = 0, the project requires that working capital will increase by $200,000
- The project’s salvage value at the end of 5 years is expected to be $60,000.
- The company forecasts that the project will generate $725,000 in sales the
first 2 years and $650,000 in sales during the last 3 years
- Each year the project’s operating cost excluding depreciation is expected to
be 50% of sales revenue.
- The company’s tax rate is 40%
- The company already pays marketing expenses equal 80,000.
- The project’s cost of capital is 10%
What do you recommend?
Based on the analysis of the cash flows, the expansion project seems feasible as it has a positive NPV of $142,919.49, and a profitability index of 1.15, indicating that the project will generate value for Sovrano Café and its shareholders.
To arrive at this conclusion, we first calculated the cash flows for the project, which included the initial investment, operating cash flows, salvage value, and tax savings from depreciation. We then discounted these cash flows using the project's cost of capital to calculate the net present value (NPV) and profitability index (PI).
The NPV of $142,919.49 suggests that the project's expected cash inflows exceed its expected cash outflows, taking into account the time value of money. The PI of 1.15 further supports the conclusion that the project will generate value for the company, as a PI greater than 1 indicates that the present value of the project's expected cash inflows exceeds the present value of its expected cash outflows.
Therefore, based on the financial analysis, it is recommended that Sovrano Café move forward with the proposed expansion project.
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3 is the way people identifield information within their environment.
Answer: 3 ways people identified information within their environment are like when cavemen used pictures to write their stories. While they started out with basic drawings, usually of animals, their drawings seem to have been abstracted into symbols. The Egyptians left symbols, the symbols were chosen to show respect to each god and goddess, and were carved into the walls using special tools. Finally, carrier pigeons. Pigeons are known well for their directions. They were known to find their home, even after traveling long distances. People used to attach small letters to their necks, hoping they would fly to the receiver.
QUESTION 8 of 10: The function of a financial planner is:
Oa) To share in the profit/loss of your investments
b) To convince you to purchase large-cap stocks
c) To design your personal budget plan
Od) To help you define and reach your financial goals
The function of a financial planner is to help individuals or organizations define and reach their financial goals through a variety of services, including budget planning. So, correct option is D.
Unlike an investment advisor who is primarily focused on managing investments, a financial planner takes a more holistic approach to a client's financial well-being. They work closely with clients to understand their current financial situation, identify their goals and objectives, and develop a personalized financial plan to achieve those goals.
Financial planners do not share in the profit or loss of their clients' investments, nor do they aim to convince their clients to purchase specific stocks. Instead, they provide unbiased advice and recommendations based on their clients' individual needs and objectives.
Ultimately, the goal of a financial planner is to help clients achieve financial security and success by providing expert guidance, ongoing support, and customized solutions to meet their unique financial needs.
So, correct option is D.
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Part 2 - Drill and Kill- Answer the following questions.
Units produced per hour
Baskets
Rings
Isaac
Sarah
6
5
24
10-
1. Is this an output problem or an input
problem? OUTPUT
2. What is Isaac's opportunity cost of
producing 1 basket?
3. What is Sarah's opportunity cost or
producing 1 ring?
4. What is Isaac's opportunity cost of
producing 1 ring?
5. What is Sarah's opportunity cost of
producing 1 basket?
6. Who has the absolute advantage in
producing baskets?
7. Who has the absolute advantage in
producing rings?
8. Who has the comparative advantage in
producing baskets?
9. Who has the comparative advantage in
producing rings?
10. What would acceptable terms of trade
be between Isaac and Sarah?
Canada
Mexico
Hours to produce one unit
Skyscraper
Space Shuttle
600
800
500
1000
1. Is this an output problem or an input
problem? Out Put
2. What is Canada's opportunity cost of
producing skyscraper?
3. What is Mexico's opportunity cost or
producing 1 space shuttle?
4. What is Canada's opportunity cost of
producing 1 space shuttle?
5. What is Mexico's opportunity cost of
producing 1 skyscraper?
6. Who has the absolute advantage in
producing skyscrapers?
115
7. Who has the absolute advantage in
producing space shuttles?
8. Who has the comparative advantage
in producing space shuttles?
9. Who has the comparative advantage
in producing skyscrapers?
10. What would acceptable terms of
trade be between Canada and
Mexico?
The responses to each question on opportunity cost are as follows:
This is an output problem.Isaac's opportunity cost of producing 1 basket is 5 rings.Sarah's opportunity cost of producing 1 ring is 0.4 baskets.Isaac's opportunity cost of producing 1 ring is 0.2 baskets.Sarah's opportunity cost of producing 1 basket is 2.5 rings.What are the responses to other questions?The following are responses to the questions on absolute advantage:
6. Isaac has the absolute advantage in producing baskets.
7. Sarah has the absolute advantage in producing rings.
8. Isaac has the comparative advantage in producing baskets.
9. Sarah has the comparative advantage in producing rings.
10. Acceptable terms of trade would depend on the specific negotiation between Isaac and Sarah. However, a possible acceptable term of trade could be exchanging 1 basket for 3 rings.
1. Is this an output problem or an input problem?
- This is an output problem.
2. What is Canada's opportunity cost of producing a skyscraper?
- Canada's opportunity cost of producing a skyscraper is 800 space shuttles.
3. What is Mexico's opportunity cost of producing 1 space shuttle?
- Mexico's opportunity cost of producing 1 space shuttle is 0.625 skyscrapers.
4. What is Canada's opportunity cost of producing 1 space shuttle?
- Canada's opportunity cost of producing 1 space shuttle is 0.75 skyscrapers.
5. What is Mexico's opportunity cost of producing 1 skyscraper?
- Mexico's opportunity cost of producing 1 skyscraper is 1.6 space shuttles.
6. Who has the absolute advantage in producing skyscrapers?
- Canada has the absolute advantage in producing skyscrapers.
7. Who has the absolute advantage in producing space shuttles?
- Mexico has the absolute advantage in producing space shuttles.
8. Who has the comparative advantage in producing space shuttles?
- Mexico has the comparative advantage in producing space shuttles.
9. Who has the comparative advantage in producing skyscrapers?
- Canada has the comparative advantage in producing skyscrapers.
10. What would acceptable terms of trade be between Canada and Mexico?
- Acceptable terms of trade would depend on the specific negotiation between Canada and Mexico. However, a possible acceptable term of trade could be exchanging 1 space shuttle for 2.5 skyscrapers.
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[The following information applies to the questions displayed below.]
On January 1, 2024, Splash City issues $320,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year.
Assuming the market interest rate on the issue date is 9%, the bonds will issue at $293,938.
2. Record the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31, 2024.
(Interest Expense does not equal 12800)
To record the bond issue on January 1, 2024, and the first two semiannual interest payments on June 30, 2024, and December 31, 2024, we need to consider the issuance of the bonds and the accrual of interest expense.
1. Bond Issue on January 1, 2024:
Date Account Debit Credit
--------------------------------------------------------
January 1, 2024 Cash $293,938
Bonds Payable $320,000
To record the issuance of $320,000 face value bonds at a discounted price of $293,938.
2. Semiannual Interest Payment on June 30, 2024:
Date Account Debit Credit
--------------------------------------------------------
June 30, 2024 Interest Expense $14,400
Cash $14,400
To record the semiannual interest payment ($320,000 * 8% / 2 = $12,800) for the period from January 1, 2024, to June 30, 2024.
3. Semiannual Interest Payment on December 31, 2024:
Date Account Debit Credit
--------------------------------------------------------
December 31, 2024 Interest Expense $14,400
Cash $14,400
To record the semiannual interest payment ($320,000 * 8% / 2 = $12,800) for the period from July 1, 2024, to December 31, 2024.
Please note that the interest expense amount mentioned in the question might be incorrect. Based on the information provided, the interest expense should be $12,800 for each semiannual interest payment, resulting in a total of $25,600 for the year 2024.
how does different stakeholders impact an upcoming entrepreneurs
The different stakeholders involved in the success of an upcoming entrepreneur include customers, investors, local communities, government, and suppliers.
Why is it so?Each of these stakeholders has a unique impact on the success of an entrepreneur's venture. Customers provide feedback on the service or product, which can be used to improve the offering. Investors provide the capital needed to start and expand the business. Local communities can provide support, tax incentives, access to resources, and access to customers. Government regulations and policies must be adhered to as well as any relevant laws and regulations. Finally, suppliers provide goods and services needed for production and operations. Without any one of these stakeholders, it would be difficult for an entrepreneur to achieve success.
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t 3 Lab Learning Activity
K
Marcus Richardson
HW Score: 0%, 0 of 4 points
O Points: 0 of 1
11/03/22 7:32 PM
Question 1, P4-4 (similar to)
(Related to Checkpoint 4.1) (Liquidity analysis) Airspot Motors, Inc. has $2,505,600 in current assets and $864,000 in current liabilities. The company's managers want to
increase the firm's inventory, which will be financed using short-term debt. How much can the firm increase its inventory without its current ratio falling below 2.1
$6,28,363 the firm increase its inventory without its current ratio falling below 2.1
Current ratio = Current asset / current liability
Increasing inventory would increase the current asset.
We assume the additional inventory = L
So new current asset = L + $2,505,600
New current liability = L + $864,000
So, L + $2,505,600÷ L + $864,000 = 2.1
By solving L we get, L= $6,28,363
In other words, assets are items that provide a financial benefit to a company, such as inventory, buildings, equipment, and cash. They aid a company's ability to manufacture goods or provide services both now and in the future. A company's liabilities are its obligations—either money owed or services not yet performed.
Liabilities are the debts owed by a company to third-party creditors. Accounts payable may include notes payable and bank debt. Businesses take on debt in order to expand faster. A company's stability is determined by the balance of its debts and assets
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Alo Company produces commercial printers. One is the regular model, a basic model that is designed to copy and print in black and white. Another model, the deluxe model, is a color printer-scanner-copier. For the coming year, Alo expects to sell 90,000 regular models and 18,000 deluxe models. A segmented income statement for the two products is as follows:
Regular Model Deluxe Model Total Sales
$13,500,000 $12,240,000 $25,740,000
Less: Variable costs 8,100,000 7,344,000 15,444,000
Contribution margin $5,400,000 $4,896,000 $10,296,000
Less: Direct fixed costs 1,200,000 960,000 2,160,000
Segment margin $4,200,000 $3,936,000 $8,136,000
Less:Common fixed costs 1,500,800
Operating income $6,635,200
Required:
1. Compute the number of regular models and deluxe models that must be sold to break even. Round your answers to the nearest whole unit. Regular models units Deluxe models units
2. Using information only from the total column of the income statement, compute the sales revenue that must be generated for the company to break even. Round the contribution margin ratio to four decimal places. Use the rounded value in the subsequent computation. (Express as a decimal-based amount rather than whole percentage.) Round the amount of revenue to the nearest dollar.
1. The break-even points in sales units are computed as follows:
Break-even point (in units) = Direct fixed cost/contribution margin per unit
Regular model = 20,000 units ($1,200,000/$60)
Deluxe model = 3,529 units ($960,000/$272)
2. The Alo Company's Sales revenue to break-even, company-wide, is computed as follows:
Sales Revenue at break-even point:
= Fixed costs/Contribution margin ratio
= $3,660,800/40%
= $9,152,000
Data and Calculations:
Regular Model Deluxe Model Total
Expected sales quantity 90,000 18,000 108,000
Sales $13,500,000 $12,240,000 $25,740,000
Less: Variable costs 8,100,000 7,344,000 15,444,000
Contribution margin $5,400,000 $4,896,000 $10,296,000
Less: Direct fixed costs 1,200,000 960,000 2,160,000
Segment margin $4,200,000 $3,936,000 $8,136,000
Less:Common fixed costs 1,500,800
Operating income $6,635,200
Selling price per unit $150 $680 ($12,240,000/18,000)
Variable costs per unit $90 $408 ($7,344,000/18,000)
Contribution margin $60 $272 ($680 - $408)
Contribution margin ratio for the company = 40% ($10,296,000/$25,740,000 x 100)
Company total fixed costs = $3,660,800 ($2,160,000 + $1,500,800)
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In which scenario is an individual's behavior least likely to change?
a. The city of Saskatoon chooses to give its residents a penny for each soda can they recycle in an effort to promote environmental awareness.
b. In an effort to make people eat healthier, the city of Bakersville tells its residents to eat wheat bread instead of white bread.
c. A basketball team manages to sign a trio of famous basketball stars who then clamor for other players to come join their team to win a guaranteed championship.
d. The country of Ravamolk enacts a policy to fine companies 20% of their earnings if the safety standards in their factories do not reach acceptable work conditions.
An individual's behavior is least likely to change when merely informed of a healthier option, like in Scenario B, as there is no incentive or consequential action attached.
Explanation:In the given scenarios, an individual's behavior is least likely to change in Scenario B where the city of Bakersville tells its residents to eat wheat bread instead of white bread. This scenario only involves information provision with no rewarding or punitive actions attached to induce behavior change, as compared to the rest of the scenarios. Behavioral change usually occurs when there are incentives or penalties associated with the action. For instance, in Scenarios A & D, Saskatoon and Ravamolk are using a reward technique and penalties respectively, as a trigger for behavioral change. Scenario C is using the appeal of fame and success to encourage change. But talking about bread choice without any consequential actions does not guarantee a behavior change.
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What can a credit freeze accomplish that a fraud alert cannot? A credit freeze can remove any inaccurate or fraudulent information. A credit freeze can allow your credit report to be visible. A credit freeze can prevent anyone from viewing your credit report. A credit freeze can stop someone from opening an account in your name.
Answer: A credit freeze can stop someone from opening an account in your name.
Explanation:
A credit freeze accomplishes that a fraud alert cannot, is that A credit freeze can stop someone from opening an account in your name. Thus, option (D) is correct.
What is a Credit freeze?A credit freeze is the technique which enables a person to limit the sale of personal financial data identifying information by a consumer reporting agency. The consumer reporting agency's data is locked by a credit freeze until the person authorizes its release.
It is the facility provided by the agency to secure the personal financial information to kept safe and secure. It is necessary for every person to credit freeze the financial information.
Therefore, it can be concluded that A credit freeze can prevent someone from opening an account in your name, which is something a fraud alert cannot do. Hence, option (D) is correct.
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2. Why might this be the perfect advice for beginning investors?
Explanation:
Getting the right education is one of the best pieces of advice I would send to someone who is only learning to invest. Investing is all about purchasing firms that you know and appreciate, that have a strong competitive edge, and that have a solid management team, all at a decent price.
What are the answers to the management quiz 13,14,15, and 16
Answer:
The question is not quiet clear? Would you explain a bit more please?
One of Shanice's team members is not happy with their performance review and refuses to accept the rating she gave. What should Shanice do?
Shanice should aim to resolve the issue through open communication, active listening, and a willingness to address the team member's concerns.
Listen and understand: Shanice should create an open and safe space for the team member to express their concerns. She should actively listen and seek to understand their perspective. This demonstrates empathy and shows that she values their input.
Provide clarity: Shanice should provide a clear explanation of the performance review process, including the criteria used to evaluate performance and the specific examples that led to the assigned rating. This can help address any misunderstandings or misconceptions.
Address concerns and offer feedback: Shanice should address the team member's specific concerns and provide constructive feedback. She can highlight areas for improvement and offer guidance on how to enhance performance. It's important for Shanice to focus on specific behaviors and outcomes rather than personal attacks or generalizations.
Seek input and involve the team member: Shanice can ask the team member for their suggestions on how to improve their performance or address their concerns. Involving them in the process can foster a sense of ownership and encourage collaboration.
Consider a reevaluation: If Shanice believes there may have been an oversight or if the team member presents compelling evidence, she can consider a reevaluation of the performance review. This may involve gathering additional feedback or revisiting the evaluation criteria.
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STEP 1 1. Explain the five basic costs curves that SEGAO Bricks will experience. ert MC =MR
The five basic cost curves that SEGAO Bricks will experience are:
1. Total Cost (TC) Curve: The total cost curve represents the relationship between the total cost of production and the quantity of output produced. It shows how the total cost changes as the level of production changes.
2. Marginal Cost (MC) Curve: The marginal cost curve represents the additional cost incurred by producing one more unit of output. It shows how the cost of producing each additional unit changes as the quantity of output increases. The marginal cost curve is derived from the change in total cost divided by the change in quantity.
3. Average Total Cost (ATC) Curve: The average total cost curve represents the average cost per unit of output. It is calculated by dividing the total cost by the quantity of output. The average total cost curve shows how the average cost changes as the level of production increases.
4. Average Variable Cost (AVC) Curve: The average variable cost curve represents the variable cost per unit of output. It is calculated by dividing the variable cost by the quantity of output. The average variable cost curve shows how the variable cost per unit changes as the level of production increases.
5. Average Fixed Cost (AFC) Curve: The average fixed cost curve represents the fixed cost per unit of output. It is calculated by dividing the fixed cost by the quantity of output. The average fixed cost curve shows how the fixed cost per unit changes as the level of production increases.
The equation MC = MR represents the condition for profit maximization in a perfectly competitive market. It states that a firm should produce at the quantity where the marginal cost (MC) equals the marginal revenue (MR). This ensures that the firm is maximizing its profit by producing the optimal quantity of output at which the additional revenue generated by producing one more unit (MR) is equal to the additional cost incurred (MC).