On October 10, the stockholders’ equity of Sherman systems appears as follows:
Common Stock ,$10 par value, 72,000 shares authorized, issued and outstanding = 720,000
Paid-in capital in excess of par value, common stock = 216,000
Retained earnings = 864,000
Total stockholders' equity = 1,800,000
Rice company has a unit selling price of $520, variable costs per unit of $286, and fixed costs of $163,800. compute the break-even point in units using (a) the mathematical equation and (b) unit contribution margin
Final answer:
The break-even point in units for a business can be calculated using the total fixed costs, variable costs per unit, and selling price per unit either through a mathematical equation or by utilizing the unit contribution margin. Different scenarios show how these calculations can change with varying figures.
Explanation:
To calculate the break-even point in units for Rice company, we need to consider the company's total fixed costs, total variable costs, the selling price per unit, and the total number of units they plan to sell. Using a mathematical equation involves setting the total sales equal to total costs, which incorporates both fixed and variable costs. Another method is by using the unit contribution margin, which is the selling price per unit minus the variable cost per unit. This margin is then used to cover fixed costs, and whatever is left is the profit.
Break-Even Formula-
To find the break-even point use the mathematical equation:
Total Fixed Costs / (Selling Price per Unit - Variable Cost per Unit) = Break-Even Point in UnitsTo find the break-even point using the unit contribution margin:
(Selling Price per Unit - Variable Cost per Unit) = Unit Contribution MarginTotal Fixed Costs / Unit Contribution Margin = Break-Even Point in UnitsIt's important to note that various scenarios provided with different quantities, fixed costs, and price points represent different examples of how a firm's financials might look and how the break-even price point and short-run shutdown price point can vary depending on these figures.
A simple random sample of 100 postal employees is used to test if the average time postal employees have worked for the postal service has changed from the value of 7.5 years recorded 20 years ago. the sample mean was x = 7 years with a standard deviation of s = 2 years. assume the distribution of the time the employees have worked for the postal service is approximately normal. the hypotheses being tested are h0: μ = 7.5, ha: μ ≠ 7.5. a one-sample t test will be used. what are the appropriate degrees of freedom for this test?
What is steganography, and what may it be used for?
Crises that are caused by volatile international financial flows are in large part __________ advances in technology coupled with ___________ openness in financial markets.
Technological advances and increasing market openness have affected international financial flows, leading to both growth and potential crises, such as the Asian Financial Crisis. While these changes can benefit economies by stimulating growth and facilitating human capital development, they can also result in volatile capital inflows and outflows, which need to be managed carefully.
Explanation:Crises caused by volatile international financial flows are largely a result of advances in technology coupled with increasing openness in financial markets. The advent of technology and market-oriented economic reforms have, on one hand, improved living standards and facilitated investment in human capital development like never before. However, these advancements have also led to dramatic shifts in international financial flows, as seen in the Asian Financial Crisis, when countries that had grown rapidly due to foreign investment experienced a swift capital outflow, causing their economies to collapse virtually overnight. Therefore, while technological advancements and market openness provide advantages, they also carry potential risks that must be properly managed.
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Crises due to volatile international financial flows are often attributed to technological advancements and the increased openness of financial markets, contributing to situations like the Asian Financial Crisis.
Explanation:Crises that are caused by volatile international financial flows are in large part due to advances in technology coupled with increased openness in financial markets. In the era of globalization, economies that engage in the global trade of goods and services also have to navigate international financial payments and investments. This interconnectedness, while beneficial, can lead to situations like the Asian Financial Crisis of the late 1990s, where rapid inflows and outflows of capital caused economic upheaval. The inflow of foreign investment can exceed the level of domestic savings, leading to substantial trade deficits and vulnerability to sudden capital flight. As such, markets with rapid technological advancement and open financial systems must manage the risks posed by the global movement of capital.
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Ash company reported sales of $410,000 for year 1, $460,000 for year 2, and $510,000 for year 3. using year 1 as the base year, what were the percentage increases for year 2 and year 3 compared to the base year
The percentage increases for year 2 and year 3 compared to the base year (year 1) for the Ash company are 12.2% and 24.4%, respectively.
Explanation:The student's question is about calculating the percentage increases for year 2 and year 3 compared to the base year, which is year 1. The Ash company reported sales of $410,000 for year 1, $460,000 for year 2, and $510,000 for year 3. To find the percentage increase for each subsequent year, we will compare the sales of each year to the base year and use the formula for percentage change: (New Amount - Original Amount) / Original Amount × 100%.
For year 2: ($460,000 - $410,000) / $410,000 × 100% = ≈12.2% increase over the base year.
For year 3: ($510,000 - $410,000) / $410,000 × 100% = ≈24.4% increase over the base year.
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Bill lives in montana and likes to grow zucchini. he applies fertilizer to his crops twice during the growing season and notices that the second layer of fertilizer increases his crop, but not as much as the first layer. what economic concept best explains this observation?
(tcos 1, 4, and 6) pressing a button generates a(n) _____ event. objectevent clickevent actionevent mouseevent
In graphical user interface programming, pressing a button typically generates a 'click event' which triggers a function or method designed to run with the button press.
Explanation:The question is related to event-driven programming in a graphical user interface (GUI). Pressing a button in a GUI typically generates a click event. This click event triggers a specific function or method, designed to run when the button is pressed. The term 'click event' is standard in various programming languages, including JavaScript and C#. For instance, when you press a button on a webpage (which is coded in JavaScript), it triggers a click event which then runs a specific JavaScript function.
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Caterpillar, the manufacturer of tractors and other earthmoving equipment, has an extremely high market share, which means customers seek the dealers out regardless of where they are. there are approximately 50 caterpillar dealers in the united statesââone in each state. from this information, you can surmise that caterpillar uses _____ distribution.
The real balances effect is the impact on real gdp caused by the ____ relationship between the price level and the real value of financial assets.
Forty percent of all high school graduates work during the summer to earn money for college tuition for the upcoming fall term. assuming a binomial distribution, 10 students are selected at random, what is the probability that only one has a summer job?
The assuming a binomial distribution, 10 students are selected at random, the probability that only one has a summer job will be 0.0242.
What is Probability?
Probability means possibility. It is a branch of mathematics that deals with the occurrence of a random event. The value is expressed from zero to one.
Probability has been introduced in Maths to predict how likely events are to happen. The meaning of probability is basically the extent to which something is likely to happen.
This is the basic probability theory, which is also used in the probability distribution, where you will learn the possibility of outcomes for a random experiment. To find the probability of a single event to occur, first, we should know the total number of possible outcomes.
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Angel is hispanic and has applied for a job at buckets inc. buckets inc. has a workforce that is 45 percent hispanic, 35 percent black, and 20 percent white. this closely approximates the workforce available to buckets. angel is turned down for the job and is told that buckets has too many hispanics, so he couldn't be hired. he is a victim of:
Markets provide the efficient amount of a good or service when externalities are present. monopoly exists. public goods are present. competition is present and externalities and public goods are absent.
Assume that daniel makes $40,000 a year. his employer gave him a $10,000 a year raise. daniel’s spending increased from $35,000 to $42,500. what is daniel’s mpc? explain. (in other words, show the math) based on your answer in part a, if congress increased spending by $5 billion, how is gdp impacted? (hint: recall that “how” means “how and why”)
The $5 billion increase in spending could contribute to an approximate $6.667 billion increase in GDP.
To calculate Daniel's Marginal Propensity to Consume (MPC), we use the formula:
MPC} = Change in Consumption / Change in Income
Given that Daniel's income increased by $10,000 and his spending increased from $35,000 to $42,500:
MPC = ($42,500 - $35,000) /$10,000
MPC = $7,500 / $10,000
MPC = 0.75
Now, to determine the impact on GDP if Congress increases spending by $5 billion, we use the multiplier effect. The multiplier (1/MPC) represents how much GDP will increase for each dollar increase in spending.
Multiplier = 1/MPC= 1/0.75 ≈ 1.333
If Congress increases spending by $5 billion, the impact on GDP is:
Impact on GDP = Multiplier × Change in Spending
Impact on GDP = 1.333 × $5billion ≈ $6.667billion
The multiplier effect amplifies the initial increase in spending, leading to a larger impact on GDP.
Therefore, the $5 billion increase in spending could contribute to an approximate $6.667 billion increase in GDP.
Company a pays $24000 yearly with raises of $1,400 per year. company b pays $28,000 yearly with raises of $850 per year. which company will pay more in year 10? how much more?
Company A will pay more in year 10 with a total salary of $36,600 compared to Company B's total of $35,650, resulting in a difference of $950 in favor of Company A.
Explanation:
The question involves a comparison of the cumulative salary from two companies over a 10-year period, accounting for the annual raises given by each company.
To solve this, we can use the formula for arithmetic sequences, where Total Pay = Initial Salary + (Number of Raises × Raise Amount). Since raises begin after the first year, in year 10, there have been 9 raises.
Company A: Initial Salary = $24,000, Annual Raise = $1,400.In the 10th year, Company A will pay more than Company B by $950.
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In year 10, Company A will pay $38,000 while Company B will pay $36,500. Therefore, Company A will pay $1,500 more than Company B.
To determine which company will pay more in year 10, we need to calculate the yearly salary for both companies in the 10th year.
For Company A:
Starting Salary: $24,000Raise per Year: $1,400In year 10, total raises would be:
10 years * $1,400/year = $14,000
So, the total salary in year 10 is:
$24,000 + $14,000 = $38,000
For Company B:
Starting Salary: $28,000Raise per Year: $850In year 10, total raises would be:
10 years * $850/year = $8,500
So, the total salary in year 10 is:
$28,000 + $8,500 = $36,500
Comparison:
Company A will pay:
$38,000
Company B will pay:
$36,500
Difference:
Company A will pay $38,000 - $36,500 = $1,500 more in year 10.
In digital systems, the information rate and the capacity of a digital channel are measured in
Despite conventional thinking, __________ accounts for the bulk of promotional spending in many firms. this is especially true for firms selling consumer products in grocery stores and mass-merchandise retailers
The 1999 master tobacco settlement agreement between the states and the tobacco industry included payment of $246 billion over 25 years to the states for
In the _________, if profits are not possible, the perfectly competitive firm will seek out the quantity of output where _____________________ .
If output equals a*(5k + 2l), what is output if a equals 2,000, capital equals 10, and labor equals 100?
Demetrius just earned a degree in homeland security and emergency management from ashford university and wants to apply for a position with the u.s. department of homeland security. which type of résumé format is best for demetrius?
He must use the chronological resume. This is the format recruiters and employers like most. It is especially good for job seekers who wish to stay in the same line of work and at the same level of employment. It starts by listing your work history, with the most recent positions listed first. It is considered one of the most common resume structures. Employers typically prefer this type of resume because it's easy to see what jobs you have held and when you have worked at them.
In this kind of resume your jobs are listed in reverse chronological order with your present, or most recent job, first. It often includes a resume objective or career summary before a list of previous work experience. Education, certifications, and special skills are also contained within this type of resume. These are listed after your work experience.
Kayla, a student at learnwell university, owes $20,000 in unpaid tuition. if kayla does not pay the tuition, learnwell will not allow her to graduate. to obtain the funds to pay the debt, she sends e-mails to people that she does not know asking them for financial help to send her child, who has a disability, to a special school. in reality, kayla has no children. is this a crime? if so, which one?
Final answer:
Kayla's act of soliciting financial assistance under false pretenses is classified as fraud, which is a crime involving intentional deceit for personal gain. This might lead to civil and criminal penalties including fines and imprisonment, besides damaging the individual's reputation.
Explanation:
Kayla's actions of sending emails to unknown individuals asking for financial help under false pretenses constitute fraud. Fraud involves intentionally deceiving others for personal gain or to inflict loss on another. The act of lying about having a child with a disability to solicit money, when no such child exists, fits the legal definition of fraud. This is because it involves the intentional misrepresentation of material facts (the existence of a child and the need for financial support for special schooling) to induce others to part with their money.
Fraud crimes can take many forms but commonly involve some element of deceit or misrepresentation. In Kayla's case, she uses emotional manipulation and false claims to garner sympathy and financial assistance from those who believe they are contributing to a noble cause. This not only breaches ethical principles but also violates legal statutes against fraudulent activities.
Consequences for committing fraud vary significantly based on the jurisdiction, the amount of money involved, the number of people defrauded, and other circumstantial factors. Commonly, it can lead to both civil and criminal penalties, including fines, restitution orders (compensating the victims for their losses), and imprisonment. Moreover, engaging in fraudulent activities can severely damage an individual's reputation, making it difficult to find employment or engage in further educational opportunities.
Is the natural gas pipelines a natural monopoly or oligopoly?
Volvo, working with fedex, set up a warehouse in memphis with a complete stock of truck parts. a dealer needing a part for an emergency phones a toll-free number, and the part is delivered by fedex within 24 hours. this is an example of how manufacturers are using:
Final answer:
The Volvo and FedEx warehouse in Memphis for delivering truck parts within 24 hours embodies the just-in-time (JIT) delivery system. While JIT increases supply chain efficiency and demands close supplier proximity, it can negatively impact labor wages and requires improved technology, transportation, and policies to ensure resilience.
Explanation:
Volvo, in collaboration with FedEx, has set up a warehouse in Memphis stocked with all the necessary truck parts to swiftly address emergency parts needs. By calling a toll-free number, a dealer can have the part delivered within 24 hours. This system exemplifies the just-in-time (JIT) delivery strategy, which has revolutionized supply chain management. Unfortunately, while JIT has efficiencies, it also puts pressure on labor, potentially driving wages down as manufacturers seek out low-cost, non-union labor.
Moreover, the just-in-time delivery approach makes every link in the supply chain critical since an issue at any point, like a strike at a sub-assembly plant, can halt the whole production chain. This model demands manufacturers to maintain rigorous quality control and to often select suppliers located within a day's drive to ensure timely deliveries. To address supply chain vulnerabilities, advancements in technology, transportation, and policy are critical, along with a commitment to protecting labor rights.
Containerization and global assembly lines further transform manufacturing and logistics by lowering transportation costs and enabling worldwide distribution networks. However, these changes have also led to job losses in specific sectors and influenced the location decisions of industries regarding both factories and warehouses to improve economic efficiencies.
Performing _____ involves monitoring specific project results to ensure that they comply with the relevant quality standards while identifying ways to improve overall quality.
Answer:
D.ensuring projects end on time through careful planning and organization
Explanation:
performing various statistical tests and suggesting methods to improve quality control.
"a study by the international franchises association reports that minorities own more than ________ percent of all franchises and women own ________ percent of franchises.""
In one hour, the united states can produce 25 tons of steel or 250 automobiles. in one hour, japan can produce 30 tons of steel or 275 automobiles. this information implies that:
Answer:
A: The United States produced more steel in 1944 than Germany, Britain, and Japan combined.
B: Britain produced about 10 million tons of steel in 1944.
Electronic data interchanges, once limited by operating system incompatibility, have found new life due to:
In fiedler's model, ________ refers to the extent that a job has guidelines for how the job should be completed
What is the input, conversion, and output of operating a summer band camp?
Which one is not a current issue regarding export controls?
a. can effective multilateral controls be established?
b. who is the enemy?
c. in the absence of multilateral controls, can unilateral controls be effective?
d. can the state department promote trade and commerce and control exports?