Answer:
Measures of Effectiveness
Explanation:
The Measures of Effectiveness (MOE) are measures specifically created to assess system operational environment, behaviour and capability as they relate to the achievement or attainment of the system's objectives, goals and tasks. MOE actually measures the probability that a system will perform as required and perform as expected.
FOr MOE to be effective as an operational tester, the following characteristics must be available; testable, complete, simple, quantitatively measurable and easily measurable.
Therefore in order to determine whether a system meets its operational performance parameters Measures of Effectiveness must be employed.
Pepper Company is using the annual rate of return to evaluate a potential investment. The original investment required is $120,000, and the investment’s salvage value is $20,000. What is the average investment that Pepper will use when computing the annual rate of return?
A : $60,000
B : $70,000
C : $50,000
D : Cannot be determined unless the useful life of the project is known.
Answer:
B : $70,000
Explanation:
The formula and the computation of the annual rate of return is shown below:
= Annual net income ÷ average investment
where,
Annual net income is XXXXX
And, the average investment would be
= (Original investment required + salvage value) ÷ 2
= (120,000 + $20,000) ÷ 2
= $140,000 ÷ 2
= $70,000
By placing these values we can easily compute the annual rate of return
The average investment for Pepper Company when calculating the annual rate of return is obtained by summing the initial investment ($120,000) and salvage value ($20,000) and dividing this by 2, giving an average investment of $70,000.
Explanation:When calculating the average investment that Pepper Company will use when determining the annual rate of return, we begin by adding the initial investment and the salvage value of the investment. The initial investment is $120,000 and the salvage value is $20,000, giving us a total of $140,000. We then divide this total by two to calculate the average investment over the life of the asset, which gives us a final answer of $70,000. So the correct answer is B: $70,000.
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Suppose the price level and value of the U.S. Dollar in year 1 are 1 and $1, respectively. Instructions: Round your answers to 2 decimal places. a. If the price level rises to 1.25 in year 2, what is the new value of the dollar? b. If, instead, the price level falls to 0.50, what is the value of the dollar?
Answer:
Consider the following calculations
Explanation:
(a) Price level = 1.25
Value of dollar = 1/Price level = 1/1.25 = 0.8
Thus,
The new value of the dollar is $0.8
(b) Price level = 0.50
Value of dollar = 1/Price level = 1/0.50 = 2
Thus,
The new value of the dollar is $2.
Answer:
a. When the price level rises to 1.25 in year 2, the value of money reduces to $0.80
b. When the price level drops to 0.50, the value of money rises to $2.00
Explanation:
Topic: Price Level and Value of Money
The basic causal relationship between the price level and the value of money is that as the price level goes up, the value of money goes down
Value of Money is calculated using the following formula:
[tex]Value of Money = \frac{1}{Price Level}[/tex]
Given
In year 1 are 1 and $1, respectively
a. When Price Level Rises to 1.25 in year 2
The new value of dollar is calculated using
[tex]Value of Money = \frac{1}{Price Level}[/tex]
By Substituting 1.25 for Price Level, we have
[tex]Value of Money = \frac{1}{1.25}[/tex]
[tex]Value of Money = 0.8[/tex]
[tex]Value of Money = 0.80[/tex] to two decimal places.
Hence, when the price level rises to 1.25 in year 2, the value of money reduces to $0.80
b. When Price level falls to 0.50
The new value of dollar is calculated using
[tex]Value of Money = \frac{1}{Price Level}[/tex]
By Substituting 0.50 for Price Level, we have
[tex]Value of Money = \frac{1}{0.50}[/tex]
[tex]Value of Money = 2[/tex]
[tex]Value of Money = 2.00[/tex] to two decimal places.
Hence, when the price level drops to 0.50, the value of money rises to $2.00
Victor's Vacuum Sales Co. sells high quality vacuums and provides a one-year warranty on all new sales. Based on history, Victor anticipates that 3% of vacuums will be returned at a cost of $30 per vacuum. During the month, Victor sold 100 vacuums for a total of $35,000. At the end of the month, Victor will record _______ in Warranty Expense.
Answer:
$90
Explanation:
Victor's Vacuum Sales Co. sells high quality vacuums and provides a one-year warranty on all new sales. Based on history, Victor anticipates that 3% of vacuums will be returned at a cost of $30 per vacuum. During the month, Victor sold 100 vacuums for a total of $35,000. At the end of the month, Victor will record $90 in Warranty Expense.
100 x .03 x $30 = $90
Based on Victor's estimates, they will record $90 in Warranty Expense for the month, calculated by multiplying the expected number of returns (3% of 100 vacuums sold) by the cost of each return ($30).
Explanation:Victor's Vacuum Sales Co. will record a Warranty Expense based on their projection of faulty units which is 3% of their total sales. They sold 100 vacuums this month, so they anticipate that 3 vacuums will be returned under warranty. As the projected cost to repair a vacuum under warranty is $30, the company would calculate their warranty expense by multiplying the anticipated number of returns (3) by the cost per return ($30), which equals $90. So, at the end of the month, Victor will record $90 as Warranty Expense.
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Dec. 6 Paid $1,600 for salaries due employees, of which $600 is for December and $1,000 is for November salaries payable. 8 Received $1,900 cash from customers in payment of account (no discount allowed). 10 Sold merchandise for cash $6,300. The cost of the merchandise sold was $4,100. 13 Purchased merchandise on account from Hecht Co. $9,000, terms 2/10, n/30. 15 Purchased supplies for cash $2,000. 18 Sold merchandise on account $12,000, terms 3/10, n/30. The cost of the merchandise sold was $8,000. 20 Paid salaries $1,800. 23 Paid Hecht Co. in full, less discount. 27 Received collections in full, less discounts, from customers billed on December 18. Adjustment data:
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
All three of the $5000 billion GDP figures (Production, Income and Spending) are in ____________ dollars.a. Unadjusted, seasonal b. Nominal, unadjusted c. Current, constant d. Inflation adjusted, real
Answer:
The correct answer is letter "D": Inflation adjusted, real.
Explanation:
The real value is one that has been adjusted for inflation, allowing amounts to be measured as if the market price of goods had remained the same. Moreover, real-life modifications in value omit the impact of inflation. Following this process, the real Gross Domestic Product (GDP) can be calculated.
The correct answer is d. Inflation adjusted, real.
Explanation:The correct answer is d. Inflation adjusted, real.
GDP measures the overall economic activity of a country. Nominal GDP is the value of goods and services produced using actual market prices at the time.
Real GDP, on the other hand, takes into account changes in prices due to inflation. Real GDP is adjusted to reflect constant dollars, meaning it removes the effects of inflation and allows for a more accurate comparison of economic activity over time.
In this case, all three GDP figures (Production, Income, and Spending) are adjusted for inflation, making them inflation adjusted, real dollars.
Cadwallader has had a 30% interest in C&C Associates, a partnership, since 20X9. In 20X14, the partnership is liquidated. The partnership's only assets at the time of liquidation are $50,000 in cash and land with a fair market value of $60,000 and a basis of $65,000. C&C Associates has no liabilities. Cadwallader's adjusted basis for her partnership interest is $34,500 and she receives $30,000 cash in liquidation of her entire interest. What amount and type of loss should Cadwallader recognize on her 20X14 tax return?
a. $4,500 ordinary loss
b. $4,500 long-term capital loss
c. $4,500 short-term capital loss
d. $0
Answer:
correct option is b. $4,500 long-term capital loss
Explanation:
given data
assets = $50,000
fair market value = $60,000
basis = $65,000
adjusted basis before distribution = $34,500
liquidation in cash = $30,000
to find out
amount and type of loss should Cadwallader recognize on tax return
solution
we know here adjusted basis before distribution and liquidation in cash so we will get here amount and type of loss that is
amount and type of loss = adjusted basis before distribution - liquidation in cash
amount and type of loss = $34,500 - $30,000
amount and type of loss = $4500 long term loss
so correct option is b. $4,500 long-term capital loss
Holdup Bank has an issue of preferred stock with a $5.95 stated dividend that just sold for $96 per share. What is the bank’s cost of preferred stock? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Answer:
6.2%
Explanation:
The instrinsic value of the company's preferred stock can be determined as the sum of all discounted dividends. The cashflow pattern of preferred shares is similiar to perpetuity.
Preferred share price = CF/(1 + Cost of preferred stock) + CF/(1 + Cost of preferred stock)^2 + ... + CF/(1 + Cost of preferred stock)^n, or reduced form as
= CF/Cost of preferred stock
Putting all the number together, we get:
96 = 5.95/Cost of preferred stock, or Cost of preferred stock = 6.2%
Which of the following is NOT a likely reason for companies to act more ethically? Group of answer choices
a. Irresponsible and unethical actions may lead to legal problems for MNEs.
b. Unethical or irresponsible behavior can negatively impact employee morale.
c. Consumer boycotts may result from unethical corporate behavior.
d. The company would like to raise its ranking on the Transparency International scale.
Answer:
d. The company would like to raise its ranking on the Transparency International scale.
Explanation:
The Transparency International scale is a metric usually associated to countries' overall corruption and not widely applied to measure companies' ethical behavior. Therefore, raising its ranking on the Transparency International scale is not a likely reason for companies to act more ethically, especially when compared to the other reasons presented which directly impacts in a company's operations and profitability.
Jada converted her personal residence to rental property in 2018. She purchased the property in 2014 for $110,000, of which $10,000 was allocable to the land. Unfortunately, property values in her neighborhood have declined over the past few years. On the date of conversion, the fair market value of the property was $98,000; $10,000 was allocated to the land. Jada's basis for depreciation in the property is:
Personal property that has no intrinsic value is called __________.
Answer:
a)Jada's basis for depreciation in the property is NIL.
b) Personal property that has no intrinsic value is called 'INTANGIBLE PROPERTY'.
Explanation:
Due to a decline in the property values over the past few years Jada has converted her personal residence to rental property and/or investment property which is a subject dealt within IAS 40 (Investment property).
According to IAS 40 an investment property is land or building held to earn rentals or for capital appreciation or both rather than use in the entity. IAS 40 requires to initially measure investment property at cost and subsequently may either measure at cost or fair value model. Fair value is normally established by prevailing market prices.
IAS 40 also mentions that if an asset is revalued to fair value the gain and loss should be recorded in statement of profit and loss and 'NO DEPRECIATION IS CHARGED ON THE ASSET AFTER THE FAIR VALUE MEASUREMENT'.
Therefore, following the instructions laid out by IAS 40 Jada's basis for depreciation in the property is NIL.
2) Personal property with no intrinsic value:
Personal property that has no intrinsic value is called 'INTANGIBLE PROPERTY'.
Lets first understand what intrinsic value is. Intrinsic value of an asset refers to the market led and/or market-driven price of that asset. This means those assets which don't have an active market for sale and purchase will have no intrinsic value. This is absolutely the case with intangible assets, because most intangible assets are unique and uncommon, such as, GOODWILL, PATENTS, COPYRIGHTS, therefore due to the uniqueness and exclusivity of such assets an active market place doesn't exist therefore it's hard to determine an intrinsic value for such kind of assets/ properties.
Regardless of whether or not the questionnaire is designed for online administration, there are two steps remaining: precoding and pretesting.
a. True
b. False
Answer:
a. True
Explanation:
As researcher is unable to replicate the idea or perspective of the respondent of questionnaire, a pre testing is very important for questionnair. Pre testing ia a method of detecting error with questionaire so that response do not get misinterpreted.
Precoded questions are refer to the question that researcher ask to the respondent of questionnaire, which need to be open ended and response need to be put into the category of most related option to get meaningful outcome.
In families where both spouses work for wages, the second shift can best be described as:
A. the domestic tasks that fall disproportionately on women in addition to their paid work.
B. the domestic tasks that couples share in order to keep their households running smoothly.
C. the time one or both parents spend on child-rearing duties after getting home from work.
D. a second job that either spouse may take in order to help make ends meet.
Answer:
Letter A is correct. The domestic tasks that fall disproportionately on women in addition to their paid work.
Explanation:
The participation of women in the labor market has advanced a lot in the last decades, it was from the 70's that women really inserted themselves in the labor market previously dominated by men, it was then that women started to work in the industrial sector, which it was booming. Prior to this, the wife was seen as the sole provider of the household, who was supposed to take care of household and childcare activities and be supported by her husband.
But in the current scenario, where women have already achieved relevant rights of freedom of choice in life and profession, there are still considerable challenges for women to be on an equal footing with men in society.
Women who work abroad still receive lower wages than men who work in the same position, and because of a historical and structural conception, women are still seen as the "mistress" of the household, and household chores are still of greater responsibility. of women than men in the view of patriarchal society.
The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 Inventories Raw materials $ 44,500 $ 55,000 Work in process 10,500 21,900 Finished goods 64,500 38,600 Activities and information for May Raw materials purchases (paid with cash) 213,000 Factory payroll (paid with cash) 351,000 Factory overhead Indirect materials 18,000 Indirect labor 83,000 Other overhead costs 123,000 Sales (received in cash) 1,430,000 Predetermined overhead rate based on direct labor cost 75 %
Determine whether there is over or underapplied overhead.
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics.
a. The effect of government regulation on a monopolist's production decisions.
b. The government's decision on how much to spend on public projects.
c. The effects of the Internet on the pricing of used cars.
Answer:
a. The effect of government regulation on a monopolist's production decisions: microeconomics
b. The government's decision on how much to spend on public projects: macroeconomics
c. The effects of the Internet on the pricing of used cars: microeconomics.
Explanation:
Le re-visit the concept of microeconomics and macroeconomics before we apply them to solve the problem.
Microeconomics studies about the behavior of players and how players in the economy ( individuals, households, firms) making decision of resources allocation, how they interact with one another. Thus, it usually studies about market of goods and services.
Macroeconomics studies about economy as a whole, that is, its structures, performances, behavior ( e.g: inflation, unemployment, GDP growth)
a. is microeconomics because it is about how monopoly firms decide its production level given changes in government's regulations.
b. is macroeconomics because it is about public spending ( spending for the whole economy)
c. is microeconomics because it is about how market of used cars is affected ( in term of pricing) as sellers and buyers have new ways of delivering/finding information and connections.
Despite differences arising from environmental variation, all foraging economies have shared one essential feature:
A. their willingness to test out new food-producing technologies to see if they are any better than what they are used to.
B. their interest in developing irrigation technologies to control sources of water.
C. their emphasis on devising new forms of organic pesticides.
D. their reliance on welfare supplied by state-level societies.
E. their reliance on available natural resources for their subsistence, rather than controlling the reproduction of plants and animals.
Answer:
Letter E is correct. Their reliance on available natural resources for their subsistence, rather than controlling the reproduction of plants and animals.
Explanation:
The use of natural resources is common and essential to all foraging economies, whose fundamental principle is to produce for their own consumption. These are economies that depend on hunting, gathering or fishing to survive.
However, there is no systematization of economic processes nor the use of socio-structural variables and policies that help these subsistence economies to gain a new perspective on the control and functioning of the economy, which can help in the processes and optimization of the utilization of natural resources.
It is recommended we consume half of our grains from whole grains. What part of the whole grain provides just energy?
Answer:
Endosperm
Explanation:
Whole grain is considered as a health and nutrient food. Whole grain provides necessary protein and oil which helps to provide energy. In whole-grain endosperm is a part which is important to get energy as it helps to provide starch which is full of protein and nutrients. This why food made of grain is used to improve the energy level.
Which of the following best illustrates the mutual interdependence among firms in the airline industry?
The considerable efforts made by the various competitors to coordinate fare increases.
The unwillingness of individual firms to match increased amenities offered by other firms.
The substantial profits airlines have earned over the past several years.
The virtual absence of control over costs by any of the firms operating in the industry.
Answer:
The considerable efforts made by the various competitors to coordinate fare increases.
A new shop wants to sell Muffins, the sell price is 2.5 dollars per unit. The cost for production is 1 dollar per unit. At the first day, they made 2000 units, however, they overestimated the demand, so they had to resell the rest to other shops 0. 5 per muffin, under this condition, the first day’s profit was at breakeven point. The second day, the boss changed the number of productions based on the first day’s sale.And plan to set "buy one get a free one" strategy to attract customers. Since the muffins’ good taste, a lot of customers came back to buy muffins again and brought their friends asnew customers, so 100 of the customers did not get the muffins, per muffins loss is 2 dollars. The second day’s profit is 400 dollars. How many changes on the two day’ production?g
Answer:
The price went from 2.50 dollar per unit to 1.25
And quantity sold of first hand muffin increase from 500 to 1,600
Explanation:
First day:
We build the equation and solve considering:
a= first hand muffin sold at 2.5 dollar
b = left-over sold at 0.5 dollar
considering the shop made 2,000 muffin and the cost is 1 dollar per muffin:
quantities equation: a + b = 2,000
price equation: 2.5a + 0.5b = 2,000
2.5(2,000 - b) + 0.5b = 2,000
5,000 - 2.5b + 0.5b = 2,000
3,000/2 = b = 1,500
a = 2,000 - b = 2,000 - 1,500 = 500
It sale 500 dollar of muffin at 2.5 and 1,500 at 0.5 getting a total of 2,000 revenue to cover the cost.
Second day:
There is a decrease in price to 1.25 per muffin
This generates a profit of 400 dollar thus:
(sales price less cost) x quantity = profit
(1.25 - 1) x a = 400
a = 400/0.25 = 1,600
Answer:
The price went from 2.50 dollar per unit to 1.25
Sales taxes tend to be __________ because low income individuals tend to spend more of their income.
Answer:
Regressive.
Explanation:
Sales tax is regressive as it mostly collected from poor or low income consumer, as they spend most of thier income and hardly save money or efford for luxury goods. Sales tax is very important source of revenue for the government, however, it impact heavily on low income people. Low income consumer spend most of the income than consumer with income, which create gap or imbalance between poor and rich.
Selective Listening Exercise: You will need to complete this exercise with another person. Create a list of like items (e.g., a list of fruits). This list needs to be at least 15 words long (the longer the better). In this list, you will repeat certain words. For example: Banana, Orange, Apple, Peach, Banana, Figs, Pear, Plums, Figs, Berries, Melons, Figs, Cherries, Limes, Pear, Tangerine, Lemon, Pear. Give the other person 30 seconds to write down as many of the words as possible. What were the results? What conclusions about listening can you draw from this exercise?
Answer:
In the description.
Explanation:
For this exercise, I selected the following list of school subjects:
Math, languages, physics, biology, philosophy, mathematics, Spanish, philosophy, geography, literature, technology, biology, calculus, ethics, electronics, philosophy, literature.
The person with whom I did this exercise wrote the following subjects: mathematics, physics, calculus, electronics, biology, technology.
From this exercise and with respect to selective listening, we can then conclude that the subjects that the other person is able to retain and write quickly (during the first 30 seconds) are those that directly interest him or draw his attention, leaving aside those that are not very attractive to his taste.
To reduce the level of pollution emitted by firms in an industry, the government could use a cap and trade policy or a carbon tax. Which of the following is true?
a. the quanitity of the good sold will fall under either policy but there will be no change in the price of the good
b. the quantity of the good sold will fall with the carbon tax policy but not with the cap and trade policy
c. the price of the good sold will rise under either policy but there will be no change in the level of production
d. the price of the good sold will rise under either policy and there will be a reduction in the level of production
e. the price of the good sold will rise with the carbon tax policy but not with the cap and trade policy
Option D is true, the price of the good sold will rise under either policy and there will be a reduction in the level of production
Explanation:
Carbon-free is an effective way, even though the economy puts a monetary price above it and gives a value to the actual cost. Since the pollutant price is still in place, polluters are motivated to reduce pollution and to decide how far the gasses are produced.
In comparison, the restriction or cap on pollution can be published from industry by the cap-and-trade system. This limit is decreased in many cases after the pollution goal is met. If this is the case, the law requires polluters to buy the remaining quota from others with low emissions and generate more than the allotted quota.
Both methodologies will increase the cost of the good generated because it is distortionary. Production should however be decreased because of the control of pollution.
The basketball season is about to start, and the owners of the Red Lions team want to advertise that fact in their home metropolitan area. They plan to run a full-page newspaper ad in Metro News. The readership of Metro News is 850,000 and the cost of the ad is $82,000. What is the cost per thousand (CPM) of this campaign?a. $56.22b. $30.00c. $102.08d. $0.50e. $96.47
Answer:
The correct answer is E.
Explanation:
Giving the following information:
They plan to run a full-page newspaper ad in Metro News. The readership of Metro News is 850,000 and the cost of the ad is $82,000.
First, we need to calculate the cost per reader:
CPR= 82,000/850,000= 0.09647
Now, we can calculate the cost per thousand:
CPM= 0.09647*1,000= $96.47
The cost per thousand (CPM) of this campaign is. $96.47
Calculations and Parameters:Given that the readership of Metro News is 850,000 and the cost of the ad is $82,000.
We calculate the cost per reader:
CPR= 82,000/850,000
= 0.09647
Now, we can calculate the cost per thousand:
CPM= 0.09647*1,000
= $96.47
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A 7-year municipal bond yields 4.8%. Your marginal tax rate (including state and federal taxes) is 25.00%. What interest rate on a 7-year corporate bond of equal risk would provide you with the same after-tax return?
Answer:
The answer is 6.40%.
Explanation:
As the corporate bond of equal risk to municipal bond ( that is, the return on the corporate bond should not be higher for compensating higher risk in comparison to municipal bond), the after-tax return on the municipal bond should be equal to the municipal bond yield (because income from municipal bonds is tax-free) to make the return on the two financial asset indifferent. In other words, only tax factor that differentiate the nominal returns of these two equal risk-adjusted return financial assets.
Denote x is the return on corporate bond needs to be found. We haveL
4.8% = x * (1-tax rate) <=> 4.8% = x * 75% <=> x = 6.40%
So, the answer is 6.40%.
What is advertising?
Answer:
Advertising is a way to communicate to potential customers or customers about your good or service, it is a way to tell them about the good or service, it's functions and benefits, it's price etc. It can also be used to tell customers about a company decision like a sale or introduction of a new product or service or changing an existing product or service. There are a lot of ways of advertising like a TV commercial, newspaper commercial, social media advertising or radio commercial. An advertisement can be in the from of video,audio, text, image etc. For example if I want people to know about my clothing brand I can advertise it on social media using pictures of models wearing cloths from my clothing brand and this is an example of advertising.
Explanation:
Advertising is a method used by firms to inform and convince people about the differentiation and value of their products, which helps increase sales or enables a price increment. Over the years, with the advancement of technology and media, advertising has had to evolve to catch the potential customers. Furthermore, advertising often mirrors the social beliefs and conditions of an era.
Explanation:Advertising is a powerful tool used to inform and persuade people about the value and differentiation of a firm's products. It operates within the framework of monopolistic competition, in which it either makes a firm's perceived demand curve become more inelastic or stimulates an increase in demand for the firm's product. By doing so, a successful advertising campaign can enable a firm to sell a larger quantity or command a higher price, thereby boosting its profits.
Over time, with the evolution of technology and media, advertising methods have had to adapt. Declines in traditional television and print advertising have necessitated innovative approaches to reach consumers. Moreover, the rise in available goods and services has intensified competition, making advertising an essential element for businesses to distinguish their offerings and reach potential buyers.
Apart from promoting products or services, advertising also serves as a reflection of the societal conditions and values of a particular era. It is often loaded with themes, such as patriotism, technological pride, idealized views of daily life, or feelings of optimism and prosperity, which resonate with the prevailing public sentiment.
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A mixed cost: A. Requires the future outlay of cash and is relevant for future decision making. B. Does not change with changes in the volume of activity within the relevant range. C. Is directly traceable to a cost object. D. Contains a combination of fixed costs and variable costs. E. Has already been incurred and cannot be avoided so it is irrelevant for decision making. 7. A fixed cost: A. Requires the future outlay of cash and is relevant for future decision making. B. Does not change with changes in the volume of activity within the relevant range. C. Is directly traceable to a cost object. D. Changes with changes in the volume of activity within the relevant range. E. Has already been incurred and cannot be avoided so it is irrelevant for decision making. 8. The three major cost components of a manufactured product are: A. Marketing, selling, and administrative costs. B. Indirect labor, indirect materials, and miscellaneous factory expenses. C. Direct materials, direct labor, and factory overhead. D. Differential costs, opportunity costs, and sunk costs. E. General, selling, and administrative costs. 9. Products that have been completed and are ready to be sold by the manufacturer are called: A. Finished goods inventory. B. Work-in-Process inventory C. Raw materials inventory D. Cost of goods sold. E. Factory supplies. 10. Products that are in the process of being manufactured but are not yet complete are called: A. Raw materials inventory. B. Conversion costs. D. Work-in-Process inventory. E. Finished goods inventory. C. Cost of goods sold. 11. A manufacturing firm's cost of goods manufactured is equivalent to a merchandising firm's: A. Cost of goods sold. B. Cost of goods purchased. C. Cost of goods available. D. Beginning merchandise inventory. E. Ending merchandise inventory.
Answer:
6. D. Contains a combination of fixed costs and variable costs.
7. B. Does not change with changes in the volume of activity within the relevant range.
8. C. Direct materials, direct labor, and factory overhead.
9. A. Finished goods inventory.
10. D. Work-in-Process inventory.
11. B. Cost of goods purchased.
Explanation:
6. Mixed cost is a combination of fixed costs and variable costs. Therefore, the option "D" is the correct answer. However, it is not directly traceable to a cost object. The mixed cost has not been incurred until the manufacturer uses it. It cannot change up to a specific volume, but mixed cost increases after that limit — for example - Telephone bill or Electric bill.
7. Fixed cost is the cost that does not change as the volume changes within the relevant range. Therefore, option B is right, and option D is incorrect. Because it does not require the future outlay of cash for decision making, it is not directly traceable to a cost object. If the manufacturer does not rent a house for administrative purposes, it can be avoided.
8. The three major cost components of a manufactured product are-
Direct materials, direct labor, and factory overhead. Those are the combination of manufacturing cost. So, C is the answer. Indirect labor and materials are not major cost components, so B is incorrect. Opportunity cost and sunk costs are decision-making costs, so D is wrong. Selling, administrative, and marketing costs are non-manufacturing costs, so A and E are wrong.
9. When the manufacturing firm has completed the production of a specific product but has not yet sold to the customers or third parties, it is termed as the finished goods inventory. In short, it states that the number of manufactured products that are available for sale. It is a current asset for the manufacturer because those can be sold within a year.
10. Work-in-process inventory is such a type of manufacturing inventory or cost that has not yet been manufactured or partially manufactured or in the process of manufacturing. It is not a conversion costs because it may incur the direct labor and manufacturing overhead. It cannot be a finished good or cost of goods sold.
11. A manufacturing firm's cost of goods manufactured is equivalent to a merchandising firm's cost of goods purchased. Therefore, the option "B" is correct.
The cost of goods sold is measured with the help of the cost of goods purchased. So, option A is incorrect. After adding the costs of goods manufactured with the beginning finished goods inventory, we can get the costs of goods available for sale. Therefore, C, D, and E cannot be the answer.
Outstanding stock of the West Corporation included 40,000 shares of $5 par common stock and 10,000 shares of 5%, $10 par non-cumulative preferred stock. In 2016, West declared and paid dividends of $4,000. In 2017, West declared and paid dividends of $20,000. How much of the 2017 dividend was distributed to preferred shareholders? $9,000. $15,000. $5,000. None of these answer choices are correct.
Answer:
2017 preferred shareholders = $5,000
so correct option is $5,000
Explanation:
given data
Outstanding stock = 40,000 shares
common stock = $5
share = 10000 @ 5%
non-cumulative preferred stock = $10
2016 paid dividends = $4,000
2017 paid dividends = $20,000
to find out
2017 dividend was distributed to preferred shareholders
solution
we know here that preferred shares is 5%, $10 par, and there are 10,000 shares outstanding
so preferred shareholders is here
preferred shareholders = $10 × 5% × 10,000 = $5,000
and here $4,000 in dividends declared in 2016
so preferred shareholders received all of that and when preferred shared were cumulative
so in 2017 the preferred shareholders will be
2017 the preferred shareholders = $5,000 + ($5,000 - $4,000) = $6,000
but here when preferred shares are non cumulative
it means that the 2016 shortfall does not carry over to 2017
so in 2017 preferred shareholders receive just the normal amount that is
2017 preferred shareholders = $10 × 5% × 10,000
2017 preferred shareholders = $5,000
so correct option is $5,000
A good example of central planning at work in the U.S. would be: Select one:
a. Burger King's value meal price control.
b. McDonald's fries being the same everywhere in the U.S.
c. union wages.
d. New York City's rent control.
Answer:
D
Explanation:
New York city's rent control.
The notion that borrowing to finance a new stadium in a community does not lessen the tax burden on a community; rather it simply delays the inevitable as it substitutes taxes now for taxes later when the dept is repaid is known as ___________:
a. Ramsey Rule.
b. Liquidity Trap.
c. Marginal Analysis Rule.
d. Equivalence Theorem.
Answer:
correct option is Equivalence Theorem
Explanation:
solution
correct option is Equivalence Theorem because equivalence theorem is known as Ricardian equivalence theorem
it states that increases in government spending that have no effect on consumer spending because when government spending increase the consumer predicts the tax cut and high spending will increase the tax rate in future to pay the debt back
so correct option is Equivalence Theorem
Which traditional DoD supply chain support strategy holds DoD personnel responsible for providing maintenance and supplies to DoD facilities?
Answer:
Full organic support.
Explanation:
Full organic support is a traditional DoD supply chain assistance policy that accommodates DoD employees accountable towards implementing subsistence and supplies to DoD facilities. This is basically the administration of equipment beyond the DoD accumulation chain including the sustainable assets in accordance amidst DoD Instruction (DoDI) 4105.72, the conventional security associates. Comply with maintaining DoD furthermore Defense Logistics standard accumulation. Employee imperative sourcing and procurement methods are been implemented.
Members should use the AICPA conceptual framework for independence to:
a) come to different conclusions than the interpretations of the code of professional conduct.
b) Evaluate independence matters not addressed in the code of professional conduct.
c) understand the rules on the confidential client information and acts discreditable to the profession.
d) more easily interpret conflicts of interest and subordination of judgement by a member.
Option C is the correct answer. The AICPA's conceptual framework for independence is utilized or used to assess any challenges to members' independence.
Litigation, adverse interest between or among the CPA firm and the client, self-interest, familiarity outcoming in a financial benefit result to the CPA firm, CPA firm owning stock in the client's firm, and so on are all examples of threats
In the new AICPA Code, two conceptual frameworks;
One for participants in public accountingOne for participants in the sector reflects a significant change in substance.The conceptual framework strategy is one manner in which warnings to completely comply with rules originating from a specific link or condition that are not covered by the code can be;
DiscoveredAssessedResolvedTherefore, Option C) "Understand the rules of confidential client information and professional misconduct." is the correct answer.
To know more about these frameworks, click below:
https://brainly.com/question/22596931
A firm currently produces 3,500 units of output per week. After an additional worker is hired, output rises to 3,750 units per week. If the weekly wage paid to a worker is $500, what is the firm's short-run marginal cost? A. $500 B. $250 C. $2 D. None of the above is correct.
Answer:
C. $2
Explanation:
The marginal cost is the cost for producing an additional unit of the product. According to this and as the statement says that with the additional worker the output rises to 3,750, teh first thing is to find the number of additional units that were produced:
3,750-3500= 250
With the new worker, the firm produces an additional 250 units that cost $500 because this is the salary of the new worker and to calculate the cost of one additional unit you have to do the following:
250 units ⇒ $500
1 unit ⇒ x
x=( 1*500)/250= 2
The firm's short-run marginal cost is $2.