The inelastic segment of the demand curve part 2 lies below the midpoint of the curve.
When the demand for a product doesn't fluctuate as much as the price, this is known as inelastic demand in economics. Inelastic demand is depicted visually by a steep demand curve. The demand for that good or service is less elastic, hence the steeper the curve, the more so. It is said to be totally inelastic if a demand curve is perfectly vertical (up and down). The good is described as "elastic" or "very elastic" if the curve is shallow as opposed to steep. This implies that the amount required will fluctuate significantly with a slight change in the good's price.
Price inelastic demand just indicates that the quantity change is not zero but rather that the quantity change is smaller than the price change in percentage terms. Demand that is price inelastic (as opposed to completely inelastic) nonetheless has a decreasing slope.
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1.ralph gets his paycheck from shakes n' burgers restaurant, his employer, and attempts to deposit it in his account at town bank. uri, the bank's teller, notices that on the check the amount stated in words is different from the amount stated in numerals. which amount can the bank lawfully credit to ralph's account?
The amount, the bank can lawfully credit to Ralph's account is the amount written in words
This is further explained below.
Ralph's account:Generally, It is possible to say, with reference to the provisions of the Uniform Commercial Code, that if the amount written in words on a check differs from the amount written in numbers on the check, the amount written in words has priority over the amount written in numbers. This is because the words take precedence over the numbers.
Therefore, given the circumstances, the bank is within its rights to credit Ralph's account with the sum that is written out in words on the check that was written out by Shakes n Burgers (subject to the availability of the amount in the shakes n Burgers account).
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ansas enterprises purchased equipment for $77,000 on january 1, 2024. the equipment is expected to have a five-year service life, with a residual value of $8,250 at the end of five years. using the double-declining balance method, depreciation expense for 2025 would be:
Depreciation expense for 2025 would be =$27,160.
Depreciation rate = 2 / 5 =0.40.
$77,000 × 0.40 = $30,800 depreciation in the first year.
($77,000 − 29,400) × 0.40 = $19,040 depreciation in the second year.
Book value = $77,000 − $30,800 − $19,040 = $27,160.
Depreciation is an accounting approach that spreads out the cost of an asset over its beneficial existence. Depreciation price is the cost of an asset that has been depreciated for a unmarried period, and indicates how tons of the asset's fee has been used up in that year.
Depreciation fee is that part of a hard and fast asset that has been considered fed on inside the cutting-edge period. This amount is then charged to fee. The rationale of this rate is to regularly reduce the wearing amount of constant belongings as their cost is consumed through the years.
Depreciation fee is stated on the profits declaration as some other regular commercial enterprise price. 3 If the asset is used for manufacturing, the rate is listed within the working prices area of the earnings statement. This quantity displays a portion of the acquisition fee of the asset for production functions.
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westco company issued 16-year bonds one year ago at a coupon rate of 7.2 percent. the bonds make semiannual payments and have a par value of $1,000. if the ytm on these bonds is 5.5 percent, what is the current price of the bond in dollars?
The current price of the bond in dollars is 1838.180 for the 16-year bonds having a par value of $1,000.
Since we are given we number of years which is 16, coupon rate which is 72%, semipayments of $1,000, and ytm in the bonds to be 5.5
So, C, semiannual bond coupon = 7.2% / 2 * 1,000 = $36
r , interest rate = 5.5% / 2 = 0.0275
n , number of periods = (15-1) * 2 = 28
The price can be found using the formula,
P =C∗1−(1+r)^−n/r+Par/(1+r)^n
= 36∗(1−(1+0.0275)^−28/r)+1000/(1+0.0275)^28
= 1838.180
the current price is $ 1838.180
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general motors did research on what became the minivan-a small van suitable for families. the research did not convince them to produce it. later, chrysler introduced the dodge caravan and plymouth voyager minivans, which turned out to be among the most successful models in automotive history. this example most closely demonstrates that: marketing research is not as reliable as management's intuition. management should question the methods used to conduct product market research. marketing research does not always provide management with the right answer. marketing research does not provide correct answers most of the time.
Above example most closely demonstrates that Marketing research does not always provide management with the right answer.
Which definition of marketing research is more accurate?
Market research, often known as marketing research, refers to a variety of strategies used to gather data and comprehend a company's target market. Businesses utilize this data to create better products, enhance the user experience, and create marketing plans that generate high-quality leads and increase conversion rates.
Designing, acquiring, evaluating, and reporting information that could be utilized to address a particular marketing issue is the process of conducting marketing research.
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the stryker company discovered through marketing research that one of its medical devices was too difficult for doctors to locate for purchase. it redesigned its website information and highlighted the device, trained the sales staff, prominently featured the device in trade magazines, and simplified the purchasing process. what important step in the process did the stryker company forget to do?
Stryker company forgets to measure the impact and results from all of those changes and makes additional adjustments.
Marketing studies is a scientific manner for identifying advertising possibilities and solving advertising problems, using client insights derived from the gathering and evaluation of advertising and marketing records.
In contrast, quantitative studies collect information that can without difficulty depend on, be tabulated, and statistically analyzed.
Whilst groups want to recognize (or quantify) the precise percentage of folks that trust or act in a sure manner, quantitative studies are essential.
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Which type of market is the one in which a person buys their favorite breakfast sandwich at a fast-food drive thru?.
The type of market in which people can buys their favorite breakfast at a fast food drive thru is product market. The product market can be described as the marketplace where final services and goods are sold to the public sector and businesses.
Product market does not include trading in raw or other intermediate materials and they are focus on the sale of finished goods. Product market also can be an online market that sells their goods and service through marketplace. The example of product market is supermarkets, grocery stores, and also online market.
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knoll, incorporated, currently sells 15,000 units a month for $50 each, has variable costs of $20 per unit, and has fixed costs of $300,000. knoll is considering increasing the price of its units to $60 per unit. this will not affect costs, but demand is expected to drop 20%. should knoll increase the price of its product?
Yes, Knoll should increase the price as it would lead to increased profit margin by generating more revenue.
Goods purchased on account for future use in the business, such as supplies, are called ?Prepaid goods are those that have been purchased on account for future usage in the firm, such supplies which are used for future purposes to manage the resources of the firm and bring the best yields.
How can we interpret the profit margin?The profitability of a company, product, or service is determined by its profit margin. Profit margin is expressed as a percentage as opposed to a monetary value. The greater the figure, the greater the profit the company realizes in relation to its expenses.
Profit - 15,000 ($50 - $20) - $300,000 = $150,000.
Demand fall's from 15,000 to 12,000 units each month if prices rise.
The profit will then be 12,000 x ($60 - $20) x $300,000, or $180,000.
More than making up for the drop in demand is the increase in price per unit.
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an error in the physical count of goods on hand at the end of a period resulted in an $7600 overstatement of the ending inventory. the affect of this error in the current period is
Cost of goods sold (COGS). The carrying value of goods sold during a specific period is referred to as the cost of goods sold.
What is cost of goods sold ?Costs are assigned to specific items using one of several formulas, such as specific identification, first-in-first-out (FIFO), or average cost. Costs include all purchase, conversion, and other costs incurred in bringing the inventories to their current location and condition.
Material, labour, and allocated overhead are all included in the costs of goods manufactured by businesses. The costs of goods that have not yet been sold are deferred as inventory costs until the inventory is sold or written down in value.
Many businesses sell goods that they have purchased or manufactured. When goods are purchased or manufactured, the costs associated with those goods are capitalised as part of the inventory (or stock) of goods. These expenses are deducted when the company recognises income from the sale of goods.
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a bond with 14 years to maturity and a coupon rate of 3.375 percent has a yield-to-maturity (ytm) of 4.5 percent. assuming the bond's ytm remains constant, the bond's value as it approaches maturity will most likely:
Assuming the bond's ytm remains constant, the bond's value as it approaches maturity will most likely decrease.
What Do Bonds Mean?Bonds are fixed-income securities that reflect loans from investors to borrowers, usually corporate or governmental. A bond can be compared to an agreement outlining the terms of the loan and the payments between the lender and borrower. A bond can be compared to an agreement outlining the terms of the loan and the payments between the lender and borrower.
If time is changing, then:
Bonds with higher yields to maturity than coupon rates will appreciate in value.Bonds will lose value if the yield to maturity is less than the coupon rate.Bonds with yields equal to their coupon rates will always be priced at 100% of their face value.To learn more about fixed-income securities, visit:
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demonstrating the pervasiveness of overconfidence, despite strong evidence to active management under-performance, indexing accounts for what percentage of the overall equity held in the mutual fund industry?
Demonstrating the pervasiveness of overconfidence, despite strong evidence to active management under-performance, indexing accounts 25% will be the percentage of the overall equity held in the mutual fund industry.
What is Arrogance Predisposition?
Pomposity predisposition is a propensity to hold a bogus and deluding evaluation of our abilities, insight, or ability. So, a selfish conviction we're superior to we really are. It tends to be a risky predisposition and is exceptionally productive in social money and capital business sectors. This guide will unload the presumptuousness predisposition in more detail. Learn more in CFI's Social Money Course.
What is ordered execution?
Execution file is an estimation of how well work is meeting its characterized objective. For work with reaction time objectives, the exhibition record is the genuine partitioned by objective. For work with speed objectives, the exhibition record is objective partitioned by genuine.
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fidelity has been dealing with harassment and bullying issues for some time, and although company officials promptly investigate and address any issues as quickly as possible, there are signs pointing to a possible negative corporate culture. which of the following is one of the factors that are most likely hindering fidelity's ability to reduce employee complaints related to workplace harassment and bullying? a. the massive workforce of the company b. the offenders mostly being from higher ranks in the company c. the reluctancy of most victims to take action against the offenders
One of the factors that are most likely hindering fidelity's ability to reduce employee complaints related to workplace harassment and bullying is:
a. The massive workforce of the company
One explanation is that the company's large workforce may increase the likelihood of employee misconduct and conflict.Misunderstandings, arguments, or reports of harassment and bullying may result from this. Another explanation is that Fidelity may find it challenging to create efficient rules and procedures for dealing with harassment and bullying due to the size of the company's employees.What is Workplace harassment?The act of disparaging or threatening behavior aimed at a single employee or a group of employees is known as workplace harassment. Workplace harassment involves various forms of bias and illegal behavior that are not limited to one particular group. The many forms of workplace abuse can be broadly divided into emotional abuse and physical abuse. All of these types of workplace harassment targets different racial, sexual orientation, and disability groups as well as women, men, and immigrants. Since workplace harassment cannot be defined in a single, comprehensive, and concrete way, it necessitates a diverse perspective.Physical abuse and mental abuse are two different sorts of harassment that are inflicted on the victims. Emotional abuse refers to placing someone under stress and bullying, whereas physical abuse relates to sexual assault and physical violence.To learn more about Workplace harassment, refer to:
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the managers of a production line that fills cereal boxes would like to reach a six sigma level of quality in terms of product weight. the desired range of output extends from 10 to 16 ounces. in order to reach six sigma quality, what would the maximum standard deviation of output need to be?
The maximum standard deviation of output needs to be will be 0.5 ounces
The deviation is a measure used in statistics and mathematics to find the difference between the observed and expected values of a variable. The deviation is simply the distance from the center point.
Sentence Examples of Deviation
It was a departure from his usual routine for him to drink juice instead of coffee. The pattern deviates significantly from the norm.
A deviation is defined as any unwelcome event that deviates from the approved processes, procedures, instructions, specifications, or established standards.
Deviations are possible during the manufacturing, packing, sampling, and testing of pharmaceutical products. Deviations are classified into three types: critical, major, and minor.
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a company has a retained earning statement that shows that it did not pay a dividend to shareholders last year. this may lead a potential investor to conclude:
According to a company's retained earning statement, it did not distribute a dividend to shareholders last year. A potential investor might draw the conclusion from this that management might be concentrating on a growth strategy.
Enlist the types of dividend.In general, a dividend is viewed as a cash payment made to the owners of firm stock.
Of all the dividend forms, cash dividends are by far the most prevalent. The board of directors decides to pay a certain dividend amount in cash to shareholders who held the company's stock on the day of declaration.A stock dividend is the free distribution of common shares by a firm to its common shareholders.Scrip dividends, which are effectively promissory notes (which may or may not include interest) to pay shareholders at a future date, are sometimes issued by companies that may not have enough cash on hand to pay dividends in the near future. A note payable is created by this dividend.A liquidation dividend is declared when the board of directors wants to return the capital that shareholders initially invested as a dividend. This action could signal that the company will eventually close.An organization may choose to distribute a non-cash dividend to investors rather than paying out in cash or stock. Record this distribution at the assets that were distributed's fair market value. The fair market value of the assets is probably going to differ significantly from their book value, thus the corporation will probably record the difference as a gain or loss. This accounting rule may occasionally cause a company to purposefully pay property dividends in an effort to change its reported and/or taxed income.To know more about, dividend, visit :
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Every workplace is different.
Please select the best answer from the choices provided
T
F
which legislation required anyone importing, manufacturing, selling, or dispensing cocaine to register with the treasury department and pay a special tax?
The legislation required anyone importing, manufacturing, selling, or dispensing cocaine to register with the treasury department and pay a special tax The Harrison Act.
What is The Harrison Act?The Harrison Act was a U.S. federal law that regulated and taxed the production, importation, and sale of narcotics and coca products. The Harrison Act was proposed by Rep. Francis Burton Harrison of New York and passed on December 17, 1914. Import, manufacture, mix, trade, prepare, sell, distribute or transfer, or otherwise use opium or coca leaves, salts, derivatives, or preparations thereof; It did not prescribe narcotics, but The Harrison Act was able to prescribe treatment for addiction. Coca Leaf Trade Restrictions Act.Although the distribution and use of cocaine were technically illegal, the distribution, sale, and use of cocaine remained legal for registered businesses and individuals.The Harrison Anti-Narcotic legislation was made up of three U.S. House laws that placed limitations on the availability and usage of opium-based substances.The Opium and Coca Leaves Trade Restrictions Act, also known as House Bills H.R. 1966 and H.R. 1967, was passed along with House Bill H.R. 6282.Cocaine distribution, sale, and use were nonetheless lawful for registered businesses and individuals even if it was officially forbidden for those purposes.To learn more about The Harrison Act from the given link :
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multinationals that provide fair wages to their local employees are following which type of moral language? group of answer choices avoiding harm ethical behavior rights and duties social contract
Fair wages paid to local employees by multinational corporations is one kind of moral language about (A) preventing harm.
What are the duties of multinationals to employees?As a natural outcome of economic integration, multinational corporations' transnational business activities have grown more prevalent in order to maximize the pursuit of self-interest. However, these activities have not yet been formatted according to mature and uniform international business standards and ethical guidelines, leading to the appearance of ethical dilemmas in these activities and the question of what social responsibility businesses should undertake.Multinational corporations maintain operations for manufacturing and marketing in several nations. The company may have many offices in each nation, each of which is connected to a number of branches and subsidiaries.So, fair wages paid to local employees by multinational corporations is one kind of moral language about preventing harm.
Therefore, fair wages paid to local employees by multinational corporations is one kind of moral language about (A) preventing harm.
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Complete question:
Multinationals that provide fair wages to their local employees are following which type of moral language?
a. Avoiding harm
b. Ethical behavior
c. Rights and duties
d. Social contract
efer to the web work article on buying a car from a private individual. which of the following statements is false? group of answer choices a) you should know if your car is covered by some type of warranty. b) you should solicit the help of a reliable and qualified mechanic to inspect the car after the purchase. c) in most cases, you would not buy a certified pre-owned car from an individual. d) start by making a low offer, most times the seller will counteroffer with a higher price. e) all of the above answers are true, and none of the answers is false
The false statement is option B. You should solicit the help of a reliable and qualified technician to inspect the car after the acquisition.
What is price?The price is the amount that the customer pays for the product or service. The cost represents the seller's investment in the product or service that is later sold. The distinction between price and cost is always determined by the context of the transaction and its location within the supply chain. The price of a product or service exists as the result of a complex set of accounting, analysis and interpretation, and risk-taking ability.A pricing strategy considers, among other things, segments, ability to pay, market conditions, competitor actions, trade margins, and input costs. The amount of money required to acquire a given product is referred to as its price.To learn more about price, refer to:
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cerron's had portable speakers for laptops, mp3s, and ipods marked down 60% during a closeout sale. the speakers have surround sound effect and bass boost, can fold for storage, and include an ac adapter and a storage bag. if a certain speaker offers a $30.00 savings, what is its regular selling price?
Laptop speakers have very little low end, thus an explosion on screen won't cause any rumble to be heard. The majority of laptops also don't have a lot of volume.
Which types of speakers are compatible with laptops?
You should be able to use the majority of wired computer speakers as long as your laptop has a USB port or speaker/headphone jack. The little plug that fits into a standard headphone port, the 3.5mm (1/8") audio input connector is found on the back of most computer speakers. Additionally, a power source must be inserted into these speakers.
Why won't the speakers on my laptop work?
Make sure none of your audio equipment is muted or turned off. Open Volume Mixer can be chosen by selecting and holding (or right-clicking) the Speakers icon in the taskbar. Note: If Speakers isn't visible, it can be in the overflow area. To check, choose Show hidden icons.
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troy is interested in buying a particular stock whose current dividend per share is $1.10. troy estimates that the current dividend per share will increase at a rate of 3.25% per year forever. if troy's estimates are correct, what is the best estimate of the stock price per share if the required rate of return is 13.00%.
The best estimate of the stock price per share would be 9.03 Per Share.
What is share?
A share is a unit used in mutual funds, limited partnerships, and real estate investment trusts in the financial markets. The term "share capital" describes all of an organization's shares. A shareholder (or stockholder) of a corporation is someone who owns shares in that company. A share represents the ownership connection between the firm and the shareholder and is an immovable unit of capital. A share's face value, which may not correspond to the market value of those shares, is its denominated value. The entire face value of issued shares is a company's capital. A dividend is the revenue derived from the holding of shares. Equity shares, preference shares, deferred shares, access to wealth, bonus shares, right shares, and shares under employee stock option plans are only a few of the several forms of shares.
Stock Price =D1/(ke-g)
D1 =1.10*(1+3.25%)
ke =13.00%
g =3.25%
Stock Price =(1.10*(1+3.25%))/(13.00%-3.25%) = 9.03 Per Share.
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discuss at least four potential problems in creating accurate duration estimates for activities and two methods for dealing with each potential problem
The four potential problems and their dealing methods are given below :
1. Special cause variation
The specific cause variation is an output shift brought on by some special causes (Aven, 2014). It may be solved using two techniques: "Risk analysis and Resolving risk events."
2. Queuing
These two techniques, "Resource buffering and Resource leveling," can be used to solve the queuing problem, which appears as the queue lengthens.
3.Merging
The "Feeding buffer and Reverse phase schedule" can be used to resolve merging concerns.
4. Common cause variation
"PERT Program Evaluation and Review Technique and Monte Carlo Simulation Method"
what are potential problems in small business?
A small firm should avoid being reliant on a single customer.
An owner of a small firm may concentrate on operational issues by having expert assistance with money management.
Finding the ideal balance between putting in long hours and commercial success is crucial.
A small business owner shouldn't put themselves in a position where their departure would prevent the operation from continuing.
There could be differences between starting a small business and merely working as a freelancer.
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at the beginning of the year, albertson incorporated reports inventory of $6,000. during the year, the company purchases additional inventory for $21,000. at the end of the year, the cost of inventory remaining is $8,000. calculate cost of goods sold for the year.
Cost of goods sold is calculated as Starting inventory minus Purchases minus Ending inventory company.
Cost of goods sold, or COGS
COGS = 7700 + 22700 - 9700 = 20700
The cost of goods sold is the entire amount your business spent on costs directly related to the sale of items.
The labor and materials necessary to make a product may be included in the cost of the goods sold. Sales costs specific to that product, such commissions, may also be included in your COGS. The accounting phrase for this is direct costs.
A cost that is common to your business, such as rent, the cost of a new machine, or general marketing charges, is one that is not totally dedicated to a specific item. These additional costs are categorized as overhead. rather than the price of the goods provided.
It's critical for business owners and managers to keep track of product cost. That is the lowest price at which a good may be sold and a profit still be made. Any extra margin is used to cover expenses and, eventually, generate a profit. Without knowing your COGS and break-even point, you cannot assess your profitability company.
COGS= $19,000
Providing the following details:
Inventory is reported as $6,000 by Bryers Incorporated.
Buying power = $21,000.
Ending stock = $8,000
We must apply the following calculation to determine the cost of products sold:
COGS is calculated as follows: COGS=ending finished inventory -cost of goods purchased company.
COGS= 6,000 + 21,000 - 8,000
COGS= $19,000
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Do firms in small towns or in cities have more market power in hiring? small towns cities do you think that firms generally have more market power in hiring today than 50 years ago, or less? more less this change over time has the need for unions.
Because there are fewer possibilities for workers to find work elsewhere, businesses in small towns have more market power when it comes to hiring. Since it is now simpler for employees to travel further to work, businesses generally have less market power than they did in the past.
What function did little towns serve?Small towns have a crucial but frequently underappreciated role in rural landscapes and food systems. In addition to serving as market hubs for food growers and processors, they also offer their own populations and the rural area around them with services, goods, and non-farm employment.Small towns, by virtue of their significantly lower population compared to cities, also have lower crime rates. Small-town residents are frequently highly familiar with one another and the local events, making it far more difficult to commit a crime without anybody noticing.Because there are fewer possibilities for workers to find work elsewhere, businesses in small towns have more market power when it comes to hiring. Since it is now simpler for employees to travel further to work, businesses generally have less market power than they did in the past.To learn more about Firms refer to:
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deca electronics company produces two products, resistors and transistors in a small manufacturing plant which had total manufacturing overhead of $42,000 in june and used 300 direct labor hours. the factory has two departments, design, which incurred $20,000 of manufacturing overhead, and production which incurred $22,000 of manufacturing overhead. design used 200 hours of direct labor and production used 80 machine hours. during june, 150 direct labor hours were used in making 100 units of resistors, and 150 direct labor hours were used in making 100 units of transmitters. if deca electronics company uses a plantwide rate based on direct labor hours to assign manufacturing costs to products, the total manufacturing overhead assigned to each unit of resistors and transistors in june were:
If deca electronics company produces two products, resistors and transistors in a small manufacturing plant which had total manufacturing overhead of $42,000 in june and used 300 direct labor hours. The total manufacturing overhead assigned to each unit of resistors and transistors in june were: $210 for Resistors and $210 for Transistors.
Total manufacturing overhead assigned to each unitFirst step is to calculate the overhead rate
Overhead rate = $42, 000 / 300 direct labor hours
Overhead rate = $140
Second step is to calculate the manufacturing overhead per unit
Resistors:
Manufacturing overhead per unit = 150 direct labor hours x $140 = $21,000 / 100 units
Manufacturing overhead per unit= $210 MOH per unit
Transistors:
Manufacturing overhead per unit = 150 direct labor hours x $140 = $21,000 / 100 units
Manufacturing overhead per unit = $210 MOH per unit
Therefore we can conclude that the resistor has the amount of $210 and transistors has the amount of $210 as the manufacturing overhead.
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an organic organization has: group of answer choices a relatively high degree of job specialization centralized decision making narrow spans of control a long chain of command loose departmentalization
An organic organization is characterized by a low degree of job specialization, loos departmentalization, few levels of management, decentralized decision-making, and a short chain of command.
A distinction between different managerial positions in an organization is made by the term "Levels of Management." When a company and its workforce grow in size, so do the levels of management, and the opposite is also true. Any managerial position's authority, rank, and chain of command are all based on the level of management. We have a vertical hierarchy thanks to the organizational pyramid (dimension). Multiple layers of management or organization are created by distributing authority in accordance with the span of control.
The organizational hierarchy is divided into many levels that are centrally or closely regulated, increasing the breadth of control. When there are several levels of management, we can have a tall organizational pyramid.
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pete link uses historical returns and regression analysis to locate under valued stocks. link buys share in any company in which a specific regression parameter is less than 1.0. the most likely reason link might not earn superior returns is:
The most likely reason link might not earn superior returns is: Model Risk
Modeling errors can lead to incorrect predictions because the model does not capture all the risks associated with an investment.
In finance, model risk is the risk of loss arising from the use of insufficiently accurate models for decision making and was originally associated with the valuation of financial stocks.
Model risk is the use of financial models to measure quantitative information such as the market risk and value trading of a firm, and the failure or poor performance of the model, resulting in adverse consequences for the firm.
Model risk generally refers to the potential risk of relying on a flawed model to make decisions. Financial institutions use a variety of models to predict losses, allocate capital, recommend trades, and more.
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An automobile salesperson uses ________ when it accesses a mobile system to obtain the latest information on consumer demand for electric vehicles.
An automobile salesperson uses Mobile information systems when it accesses a mobile system to obtain the latest information on consumer demand for electric vehicles.
Mobile information systems (MIS) are information systems that provide access to data and services via end-user stations that are easily movable in area, operable regardless of location, and typically equipped with a wireless connection. Mobile data collection is a technique for gathering qualitative and quantitative information using a mobile device. This method has been shown to improve data collection speed and accuracy, service delivery efficiency, and program performance assessment.
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during the month of may, direct labor cost totaled $13,600 and direct labor cost was 40% of prime cost. if total manufacturing costs during may were $78,700, the manufacturing overhead was:
The manufacturing overhead was $44,700
Solution
Prime cost = Percentage of prime cost Labor cost
=40% of $13,600
=$34,000
The prime cost is $34,000.
Therefore,
Manufacturing Overhead = Total manufacturing cost−Prime cost
=$78,700−$34,000
=$44,700
What is Prime cost?
A prime cost is the total direct costs of production, including raw materials and labor. Indirect costs, such as utilities, manager salaries, and delivery costs, are not included in prime costs. The prime cost equation is equal to the cost of raw materials plus direct labor.
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Static or declining incomes among a large portion of the u. S. Population is an economic factor that can impact cinnabon’s marketing activities because
Static or declining incomes among a large portion of the u. S. Population is an economic factor that can impact cinnabon’s marketing activities because it may lead Cinnabon to raise or lower the costs of its products.
The motive of advertising is to attain your target audience and communicate the benefits of your service or product — so you can successfully gather, keep, and develop clients. So, your marketing desires need to relate to the unique business targets your employer desires to achieve.
The importance of advertising on your enterprise is that it makes the customers privy to your products or services, engages them, and allows them to make the buying decision. Furthermore, an advertising plan, part of your marketing strategy enables in growing and maintaining call for, relevance, recognition, competition, and so forth.
The selling concept is one of the maximum famous advertising concepts available because it takes into consideration the realities of commercial enterprise — even dependable customers may not be enough to hold you going. With the promoting idea, organizations ought to be precise at locating capability clients and persuading them to shop for.
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wolf pack enterprises has total current assets of $346,002 and fixed assets of $476,306. the company also has long-term debt of $276,400, $100,000 in its common stock account, and retained earnings of $187,567. what is the value of its total current liabilities?
The claims against the company's assets that are due within a year or the cycle of operations are referred to as Total Current Liabilities and are disclosed on the balance sheet. Accounts Payable, Notes Payable, Current Maturities, and Accrued Liabilities are typical line items that make up Total Current Liabilities.
Total current assets $346,002 + fixed assets $476,306 - long-term debt $276,400 - $100,000 common stock account - retained earnings $187,567 = total current liabilities $258,341. We need the values for each line item for that company in order to compute the total current liabilities; the sum of those values will be the total current liabilities for that company.
A company's short-term financial commitments that are due in a year or within a typical operational cycle are known as current liabilities. Commonly, current assets—assets that are depleted within a year—are utilized to settle current liabilities.
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casey deesel is a sports agent negotiating a contract for titus johnston, an athlete in the national football league (nfl). an important aspect of any nfl contract is the amount of guaranteed money over the life of the contract. casey has gathered data on 506 nfl athletes who have recently signed new contracts. each observation (nfl athlete) includes values for percentage of his team's plays that the athlete is on the field (snappercent), the number of awards an athlete has received recognizing on-field performance (awards), the number of games the athlete has missed due to injury (gamesmissed), and millions of dollars of guaranteed money in the athlete's most recent contract (money, dependent variable). casey has trained a full regression tree on 304 observations and then used the validation set to prune the tree to obtain a best-pruned tree. the best-pruned tree (as applied to the 202 observations in the validation set) is:
Based on the available data for a player of Titus Johnston's profile, his guaranteed amount would be $32.74 million.
Calculations and ParametersGiven that Casey Deeselis a sports agent negotiating a contract for Titus Johnston, an athlete in the National Football League
He has generated data on 506 NFL athletes who have recently signed new contracts and who get paid a percentage of his team's plays that the athlete is on the field.
With this, each award they get, each minute they spend on the field, each game missed, and then guaranteed money are all accounted for which is displayed in the attached image below.
If we observe the best-pruned tree given below, based on the arrows and circles,
For Snap percent = 96
Awards = 7
Games missed = 3
The conclusion is that with the profile of Titus Johnston, he would receive a guaranteed amount of $32.74 million.
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