Final answer:
The development of a new process to create oil from seawater could affect interest rates by influencing current supply decisions of oil based on expectations of future prices. A lower interest rate would decrease supply now in anticipation of higher future returns, while a higher interest rate would encourage more immediate supply, lowering current prices.
Explanation:
If a new process was developed to make oil out of seawater, resulting in lower gasoline, electricity, and other energy prices, this could potentially affect the interest rate. The supply of an exhaustible resource such as oil is influenced by its current price, expected future price, and the interest rate. A reduction in the interest rate typically decreases the supply of oil today, conserving more for future use. With the expectation of cheaper energy due to this new process, investors may predict a lower future price for oil. Consequently, if the interest rate falls, the supply curve for oil shifts left (S3), implying that owners of the resource would supply less oil now, expecting higher returns in the future. This could lead to a current price increase in oil despite the anticipation of future technology. Conversely, if the interest rate increases, the supply curve shifts right (S2), and the current price of oil would fall, as suppliers would prefer to sell more of their oil now rather than wait for future lower returns. Thus, the expectation of developing this new technology could influence interest rates depending on how investors balance the short-term gains of selling oil now versus the long-term benefits of the new technology leading to potentially lower energy prices.
Explain how and why governments may want to regulate the price setting of a natural monopoly.
If you were looking to start a business in florida, what would be the top 5 "useful" websites to utilize
four effects of financial irresponsibility
What are the implications of sharing confidential material information?
Jim is designing a blog that will act as a central hub for the multiple threads of his company's social media program. jim is designing the blog for ______________.
The usage of the blog that Jim is designed is mainly for anchoring the presence of the social media. As Jim’s design is considered to be a central hub that will be of benefit of the social media program that Jim is assigned to or created.
Lin corporation has a single product whose selling price is $120 and whose variable expense is $80 per unit. the company's monthly fixed expense is $50,000. 6.value: 10.00 pointsrequired information required: 1. using the equation method, determine for the unit sales that are required to earn a target profit of $10,000. hintsreferencesebook & resources hint #1 check my work 7.value: 10.00 pointsrequired information 2. using the formula method, determine for the unit sales that are required to earn a target profit of $15,000.
Profit is termed as the revenue that is earned by the firm after availing of the products or the goods and services to the customers. It is the total sum of the money that is acquired on the completion of the accomplishment of the goals of the supply met in the market.
Lin Corporation has a single product whose selling price = $120
variable expense = $80 per unit.
The company's monthly fixed expense = $50,000
1. Using the equation method, unit sales is required to earn a target profit =$10,000
Sales = Variable expenses + Fixed expenses + Profit
$120Q = $80Q + $50,000 + $10000
$40Q = $60000
[tex]Q = \frac{\$60,000}{\$40 }[/tex]
Q =1500
Units 2. Using the format method, unit sales earn a target profit = $15,000 Sales =[tex]\frac{50000+15000}{120-80} = 1625 units.[/tex]
Mauro Products distributes a single product, a woven basket whose selling prices = $15
variable expense = $12 per unit.
The company's monthly fixed expense = $4,200.
1. Solve for the company's breakeven point in unit sales using the equation method.
Sales = Variable expenses + Fixed expenses + Profit
$15Q = $12Q + $4,200 + $0
$3Q = $4200
[tex]Q = \frac{\$4200}{\$3}[/tex]
Q =1400
Units 2. Solve for the companies breakeven point in sales dollars using the equation method and the CM ratio.
X = 0.8X + 4,200 + $0 0.2X = $4200
[tex]X = \frac{\$4200}{0.2 }[/tex]
X = $21,000
CM ratio method
BEP = fixed cost /Sales-Variable cost /Sales = [tex]\frac{ 4200}{15}-\frac{12}{15} = \$21000[/tex]
3. Solve for the company's breakeven point in unit sales using the format method [tex]\frac{4200}{15-12}= 1400 units.[/tex]
4. Solve for the company's breakeven point in sales dollars using the format method and the cm ratio.
BEP = fixed cost /1-Variable cost / Selling price = 4200/1-12/15 = $21000 CM ratio method BEP = fixed cost /Sales-Variable cost /Sales = 4200/15-12/15 = $21000
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A negative response that passively allows conditions to worsen (chronic absenteeism or lateness, reduced effort, and increased error rate) is a condition normally associated with subordinates rather than management personnel. the hr director is attempting to minimize the negative ramifications of this response, known as ________. in concert with this goal of reducing the negative, she is also striving to increase ________, which generally results in employees going beyond the normal expectations of their jobs.
Since the late 1970s Organizational citizenship behavior has been studied. A person's unpaid assurance within an organization or company that is not part of his or her prescribed tasks is an organizational citizenship behavior.
Who should be involved in a requirements review? draw a process model showing how a requirements review might be organized?
The key stakeholders involved in a requirements review are the project team, client representatives, and subject matter experts. The process model involves preparation, review, discussion, documentation, and approval.
Explanation:In a requirements review, the key stakeholders who should be involved are those who have a vested interest in the project's success. This typically includes the project team, representatives from the client or end users, and subject matter experts. The purpose of the review is to ensure that the requirements are clear, complete, and feasible.
A process model for organizing a requirements review can involve the following steps:
Preparation: Collect all the requirements documents and distribute them to the review participants.Review: The participants analyze the requirements, identify any ambiguities or inconsistencies, and provide feedback.Discussion: Hold meetings or workshops to discuss the feedback, clarify requirements, and resolve any issues or concerns.Documentation: Document the review findings, including any changes or updates to the requirements.Approval: Obtain approval from the key stakeholders on the revised requirements.Learn more about Requirements Review here:https://brainly.com/question/5614574
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According to linda hill’s study, after six months as a manager, most of the new managers typically believe that their job is to:
To better meet corporate goals this year, donna, a ceo, is encouraging her managers to focus on the major functions of management, which include ______.
What was quipe industries’ cash flow from operations for the year ending june 30, 2014?
Baylor service corp. redeemed $1,000 of gift cards that customers used to pay for services that were performed by the company. the related adjusting entry would include a debit to:
The correct accounting entry for Baylor Service Corp. when redeeming gift cards is a debit to Unearned Revenue and a credit to Service Revenue, reflecting the earned revenue for services now performed. Option c is correct.
When Baylor Service Corp. redeems gift cards, the accounting entry should reflect the recognition of revenue for services performed that were previously recorded as a liability. Since the revenue has now been earned, the appropriate entry would be a debit to Unearned Revenue and a credit to Service Revenue.
This reflects the transition from a liability to earned revenue, adhering to the matching principle of GAAP, where revenues are matched with the expenses incurred to generate them. The expenses related to the service, such as staff time and supplies, should have been recorded as they were incurred, to match with the service revenue being recognized.
If we consider a different scenario where Treehouse delivers a service for $1,000 paid in cash, the journal entry would be a debit to Cash and a credit to Service Revenue. The revenue is recognized immediately as the service is provided and payment is received.
Complete question as follows:
Baylor Service Corp. redeemed $1,000 of gift cards that customers used to pay for services that were performed by the company. The related adjusting entry would include a debit to:
a. Cash and a credit to Service Revenue.
b. Cash and a credit to Unearned Revenue.
c. Unearned Revenue and a credit to Service Revenue.
d. Accounts Receivable and a credit to Service Revenue.
Our play ___ has days of sales tied up in receivables, which is much ___ than the industry average. it takes our play
Major tire inc.'s manufacturing plant in charleston, south carolina was destroyed when hurricane hazel hit the coast. the company officially closed the facility after reviewing the damage and terminated all 500 workers. the company did not give the employees 60 days' notice, and thus, it is liable under the worker adjustment and retraining notification act.
a. True
b. False
According to a survey of the top 10 employers in a major city in the midwest, a worker spends an average of 413 minutes a day on the job. suppose the standard deviation is 26.8 minutes and the time spent is approximately a normal distribution. what are the times that approximately 95.44% of all workers will fall?
In a normally distributed set like the time workers spend on their job, approximately 95.44% of all values fall within two standard deviations from the mean. Therefore, 95.44% of all observations fall between (mean - 2*Standard Deviation) and (mean + 2*Standard Deviation), which equals to 359.4 minutes and 466.6 minutes.
Explanation:The student's question falls within the subject of Statistics, which is a branch of Mathematics. The situation outlined indicates that the time spent on the job is approximately normally distributed with a mean of 413 minutes and a standard deviation of 26.8 minutes. To find the range of times that approximately 95.44% of the workers will fall into, we use the concept of a normal distribution and the empirical rule (also called the 68-95-99.7 rule). According to the empirical rule, approximately 95.44% of all scores fall within two standard deviations from the mean in a normal distribution.
Given this, we would add and subtract two times the standard deviation from the mean to find this range. Therefore, 95.44% of all observations fall between (413 - 2*26.8) and (413 + 2*26.8), which is between 359.4 minutes and 466.6 minutes. So, based on the given survey data, it can be said that approximately 95.44% of all workers in the major midwest city spend between 359.4 and 466.6 minutes per day on their job.
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95.44% of all workers will spend between 413 and 457.22 minutes on the job.
Step 1
By utilising the Z-score and the characteristics of the normal distribution, we can determine the times that around 95.44% of all workers will fall within.
The Z-score corresponding to the 95.44th percentile must first be determined. A calculator or a typical normal distribution table can be used to find this. The Z-score for 95.44% is around 1.65.
Step 2.
Next, we use the formula for finding the raw score (time in minutes) given the Z-score:
[tex]\[X = \mu + Z \times \sigma\][/tex]
Where:
- [tex]\(X\)[/tex] is the raw score (time in minutes).
- [tex]\(\mu\)[/tex] is the mean time spent on the job (413 minutes).
- [tex]\(Z\)[/tex] is the Z-score (1.65).
- [tex]\(\sigma\)[/tex] is the standard deviation (26.8 minutes).
Step 3
Now we plug in the values:
[tex]\[X = 413 + 1.65 \times 26.8\]\[X = 413 + 44.22\]\[X = 457.22\][/tex]
So, approximately 95.44% of all workers will spend between 413 and 457.22 minutes on the job.
Harry is a salesperson for luxa, a car company. during sales dialogues with potential customers, harry usually talks about luxa being a premium car company that is extremely popular among the wealthiest people in the world. harry does this to:
E. when the price of sunscreen is in the range of $14.00 per bottle to $12.00 per bottle, demand is:
When the price of sunscreen is in the range of $14.00 per bottle to $12.00 per bottle, the demand is likely to be lower. This is because as the price of a product increases, the quantity demanded typically decreases. Therefore, demand for sunscreen is likely to decrease when its price is between $14.00 and $12.00 per bottle.
Explanation:In economics, when the price of sunscreen is in the range of $14.00 per bottle to $12.00 per bottle, the demand is likely to be lower. This is because as the price of a product increases, the quantity demanded typically decreases, assuming all other factors remain constant. This phenomenon is explained by the law of demand.
For example, if the price of sunscreen is $14.00 per bottle, fewer people may be willing or able to purchase it compared to when the price is $12.00 per bottle. This decrease in demand can be represented graphically by a downward-sloping demand curve.
Therefore, demand for sunscreen is likely to decrease when its price is between $14.00 and $12.00 per bottle.
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Mark was recording accounting transactions when he came across a non-standard transaction type. however, based on his knowledge of accounting practices, he was able to come up with a reasonable solution for recording the transaction. this is an example of using a(n)
The way he was able to come up with a reasonable solution in the transactions is because he had used a conceptual framework in which had helped him in having to formulate and solve new problems and solutions that has been given.
If you are a project manager and have the choice of forming your core team either before or after charter approval, which would you do and why?
In analyzing the income statement of Bob Company, cost of goods sold decreased from 2013 to 2014 by 8.2%. The cost of goods sold was $19,000 in 2014. What was the cost of goods sold to nearest dollar in 2013?
Your friend Ed refuses to use networking to get a job. He wants to get hired based on his merits and not on whom he knows. Do you agree or disagree with Ed? Explain your answer.
I respect Ed's desire to be hired based on his merits rather than relying on networking. His commitment to achieving success through his skills and qualifications is admirable.
However, it's essential to strike a balance between competence and connections in today's job market. Networking can provide valuable insights, opportunities, and access to a broader range of job openings. It doesn't mean compromising merit but rather enhancing it by showcasing one's abilities to a wider audience. Networking can help individuals better understand the industry, gain mentorship, and learn from others' experiences.
In today's competitive world, having a strong professional network can make the difference between landing a job or not. Ed's skills are undoubtedly important, but leveraging connections can help ensure that his talents are recognized and rewarded. So, while merit is crucial, I believe a combination of merit and networking is the most effective path to career success.
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Most manufacturers today shy away from using global sourcing owing to the growing concerns over issues related to quality.
a. True
b. False
Alden is beginning to learn how to write. he can hold a pencil in one hand and steady the paper with his other hand. this new ability to coordinate the duties of his right and left hands is likely due to _____. adequate calcium in his diet his brain's lateralization the growth of his corpus callosum
At the beginning of january of the current year, little mikey's catering ledger reflected a normal balance of $52,000 for accounts receivable. during january, the company collected $14,800 from customers on account and provided additional services to customers on account totaling $12,500. additionally, during january one customer paid mikey $5,000 for services to be provided in the future. at the end of january, the balance in the accounts receivable account should be:
Final answer:
The ending balance of accounts receivable for Little Mikey's Catering at the end of January, after considering collections and additional services provided on account, is $49,700.
Explanation:
The question relates to understanding the change in the balance of accounts receivable over the month of January for Little Mikey's Catering. At the beginning of January, the accounts receivable balance was $52,000. During January, Little Mikey's collected $14,800 from customers on account and provided additional services totaling $12,500 on account. However, the payment of $5,000 for future services does not affect the accounts receivable balance, as this transaction increases cash and unearned revenue, not accounts receivable. Therefore, to calculate the ending balance in accounts receivable, one should consider the beginning balance, add the value of additional services provided on account, and subtract the amounts collected from customers on account.
Calculation:
Beginning accounts receivable: $52,000Plus additional services on account: $12,500Minus collections: $14,800Ending accounts receivable = $52,000 + $12,500 - $14,800 = $49,700.
Therefore, at the end of January, the balance in the accounts receivable account should be $49,700.
A toll bridge charges $1.00 for passenger cars and $2.50 for other vehicles. suppose that during daytime hours, 65% of all vehicles are passenger cars. if 20 vehicles cross the bridge during a particular daytime period, what is the resulting expected toll revenue?
Consider the retirement funds data linked below. using the three-year return percentage variable, complete parts (a) through (c) below
Complete table is:-
Type market cap low average high
growth small 27.56 25.1323 24.3327
growth mid-cap 19.9558 22.5775 26.179
growth large 17.8937 21.7364 36.2925
Calculate the mean return for each risk category (Growth, Low, Average, High). To do this, add up the three-year return percentages for all funds in each category and then divide by the number of funds in that category. For example, the mean return for growth funds is
(14.83 + 12.35 + 15.78 + 13.24 + 14.56 + 11.97) / 6 = 13.55%.
Calculate the mean return for each market cap category (Small, Mid-Cap, Large). To do this, add up the three-year return percentages for all funds in each category and then divide by the number of funds in that category.
Calculate the mean return for each type category (Lares, High, Average, Low). To do this, add up the three-year return percentages for all funds in each category and then divide by the number of funds in that category. mean = 290.34 / 8 = 36.2925
Explain why bureaucrats have little motivation to keep costs down. can this situation be remedied? if so, how?
Bureaucrats lack significant motivation to cut costs due to lack of competition and penalty for inefficiencies. Approaches like privatization, internal bureaucratic oversight and effective leadership are seen as possible remedies.
Explanation:Bureaucrats often lack motivation to keep costs down due to being part of government agencies that do not face the same pressure from competition as private sectors do. These agencies receive funding from tax dollars and are not typically penalized for inefficiency or ineffectiveness, reducing motivation for cost-saving measures. Further, bureaucracies attempt to use all their allotted resources each year to prevent reduction in future budgets, contributing to bureaucratic waste.
This situation can be remedied. One method is privatization, which places these functions in a competitive market, encouraging efficiency. Another solution is internal bureaucratic oversight where members within the agency can report misconduct to mitigate wasteful practices. Lastly, assigning new leaders to government agencies with instructions to reorganize or to emphasize a different mission can also drive change.
However, these changes take time and political will, reflecting the complexities of bureaucracy and the difficulties of 'trying to turn a tanker around mid-ocean' or changing the habits of ingrained institutions.
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Henson company applies overhead on the basis of 120% of direct labor cost. job no. 190 is charged with $120,000 of direct materials costs and $180,000 of manufacturing overhead. the total manufacturing costs for job no. 190 is
Total manufacturing costs include the sum of materials costs, labor costs, and overhead costs. Here, materials costs are $120,000 and overhead costs are $180,000, totaling $300,000. For a complete total, the direct labor cost is needed.
Explanation:The Henson company calculates overhead costs as 120% of direct labor cost. However, in your question, you've provided the overhead cost directly but haven't specified the direct labor cost. The total manufacturing costs are typically computed as the sum of materials costs, labor costs, and overhead costs. In job no. 190, you've specified direct materials costs as $120,000 and manufacturing overhead as $180,000. To accurately calculate the total manufacturing cost, the direct labor cost would be needed. Based on the details given, we only have the materials and overhead costs which total to $300,000 ($120,000 + $180,000). The direct labor cost is required to arrive at the definitive total.
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should color and design be used in emails
Answer: yes, but only sparingly, to emphasize a point.
Explanation:
Given the presence of smartphones and tablets everywhere and marketers' ability to personalize messages based on ________ and other consumer behavior characteristics, there is great appeal to mobile marketing as a communication tool.