The SEC regulations on Fair Disclosure are designed to prevent ______

The principal advantages of strategic alliances over vertical integration or horizontal mergers/acquisitions are material additions to a company's technological capabilities, strengthening of the firm's competitive position, and boosting of its profitability.

Through strategic alliances, companies can collaborate with other firms to share resources, knowledge, and expertise, which can lead to the development of new products or services, as well as improvements to existing ones.

Additionally, strategic alliances can help companies to access new markets and customers, and to reduce costs through economies of scale.

By forming strategic alliances, firms can strengthen their competitive position in the market and enhance their profitability, without the risks and costs associated with vertical integration or mergers/acquisitions.

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Cedar Fair purchased land the following should be debited to the Land account: fees for surveying the land and legal fees for the land's title search.

When a company purchases land, the Land account is debited for the cost of the land and any expenses incurred to acquire and prepare the land for use. The cost of the land includes the purchase price and any costs incurred to bring the land to a state where it is ready for use.

In this case, the fees for surveying the land and the legal fees for the title search are costs directly related to the acquisition of the land, and as such, they should be debited to the Land account.

However, the commissions paid to brokers and the construction costs for the building on the land are not directly related to the acquisition of the land and should be accounted for separately. Therefore, they should not be debited to the Land account.

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Complete question:

Cedar Fair purchased land; which of the following should be debited to the Land account? (Check all that apply.)

Construction costs for the building on the land

Fees for surveying of the land

Legal fees for the land's title search

Commissions paid to brokers when purchasing the land

The beta coefficient for Stock L is 1.00. The beta coefficient for Stock L can be calculated using the Capital Asset Pricing Model (CAPM), which is expressed as:

r = rRF + β (rm - rRF)

Where r is the expected return on the stock, rRF is the risk-free rate of return, rm is the expected return on the market portfolio, and β is the stock's beta coefficient.

In this case, we are given that the expected return on Stock L (Îl) is 11.5%, the risk-free rate of return (rRF) is 3.5%, and the expected return on the market (r) is also 11.5%. Plugging in these values into the CAPM formula, we can solve for β:

11.5% = 3.5% + β (11.5% - 3.5%)

Simplifying this equation, we get:

β = (11.5% - 3.5%) / (11.5% - 3.5%) = 1.00

Therefore, the beta coefficient for Stock L is 1.00, which means that the stock has the same level of systematic risk as the overall market. A beta of 1.00 indicates that the stock's returns are expected to move in line with the market, neither outperforming nor underperforming it.

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If a company's leaders reject a communications budgeting method because it would take too long to prepare, odds are the budgeting method is likely to be objective and task. The objective and task budgeting method involves setting communication objectives and then determining the tasks that need to be accomplished to achieve those objectives.

It is a detailed and time-consuming process that requires a significant amount of planning, research, and analysis. This method ensures that the company's communication efforts are aligned with its business goals, target audience, and channels of communication.

Leaders who reject this method, because it takes too long to prepare, are likely to be short-sighted and not fully aware of the benefits of this approach. Objective and task budgeting methods ensure that the company's communication efforts are efficient, effective, and measurable. It also enables the company to prioritize its communication efforts and allocate resources more effectively.

In conclusion, the objective and task budgeting method is a crucial tool for any company that wants to achieve its communication goals. While it may take longer to prepare than other methods, it ensures that the company's communication efforts are aligned with its business goals and audience needs, and are more likely to yield positive results.

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The two biggest factors that distinguish one competitive strategy from another are whether a company's overall costs are lower than its competitors' and whether the company can achieve strong product differentiation. The correct option is a.

Companies can achieve a competitive advantage by either offering the lowest possible prices or by differentiating their products or services from those of their competitors. When a company can produce goods or services at a lower cost than its competitors, it can pass those savings on to its customers and offer lower prices, thus gaining a cost advantage.

Alternatively, companies can differentiate their products or services by offering unique features, high quality, superior customer service, or by building a strong brand name and image that buyers trust. A company can also achieve a competitive advantage by focusing on a narrow target market or pursuing a low-cost or differentiation strategy.

Ultimately, the key to achieving a sustainable competitive advantage is to continuously improve and innovate, to stay ahead of the competition. The correct option is a. whether a company's overall costs are lower than a competitors' and whether the company can achieve strong product differentiation.

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The impact of increasing the time for completion of a project is generally associated with Increasing cost. Option a is correct

This is because longer project durations often lead to higher labor costs, resource utilization, and potential opportunity costs.  However, the impact on other factors, such as errors and customer satisfaction, can vary depending on the specific project and its requirements. Increasing the time for completion of a project can have a variety of impacts, depending on the specific project and the reasons for the increased timeline. Generally, however, an increase in project completion time is likely to result in an increase in cost . This is because longer projects require more resources, such as labor, materials, and equipment, which can drive up overall expenses.

However, there are also some situations where increasing project completion time could result in a decrease in cost . For example, if rushing a project results in mistakes or rework that requires additional time and expense to fix, taking more time upfront could ultimately save money in the long run. Increasing project completion time may also increase errors if the project team becomes fatigued or complacent. It is important to maintain quality control measures and keep the team motivated throughout the project timeline to minimize the risk of errors. On the other hand, increasing project completion time could also lead to an increase in customer satisfaction if the extra time is used to deliver a higher quality product or service. Taking the time to fully meet customer needs and expectations can improve overall satisfaction and increase the likelihood of future business.

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When delivering bad news to employees, the most appropriate channel for delivery is in person (option C).

Delivering bad news through other channels such as email, telephone, or social networking sites can come across as impersonal and insensitive, which can exacerbate the negative impact of the news on the employees.

Delivering bad news in person allows the manager to have a face-to-face conversation with the employee, which helps to convey empathy, sincerity, and understanding.

It also allows the employee to ask questions and seek clarification, which can help to reduce anxiety and stress.

In-person communication also allows the manager to observe the employee's reactions and respond appropriately, which can help to build trust and rapport.

On the other hand, delivering bad news through other channels such as email or telephone can be seen as cold and indifferent.

These channels do not allow for nonverbal cues or tone of voice, which can lead to misunderstandings and hurt feelings.

Additionally, delivering bad news through social networking sites can be seen as unprofessional and inappropriate.

In summary, delivering bad news in person is the most appropriate channel for delivery as it allows for empathy, sincerity, and understanding.

It also allows for questions and clarification, helps to build trust and rapport, and avoids misunderstandings and hurt feelings that can occur with other communication channels.

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For the year, $42,000 of net income was attributed to noncontrolling interests. At the year's conclusion, $297000 was recorded as noncontrolling equity.

Given,

For the year, net income attributable to non-controlling interests = 20% of (Subsidiary's net income less depreciation and amortization costs)

= 20% x ( $250000 - $40000)

= 20% x $210000

= $42,000

At the year's conclusion, $297000 was recorded as non-controlling equity,

= [20% × ($1,200,000+ 100,000+ $250,000- $40,000)] - $5,000

= $302000 - $5000

= $297000

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If the subject property has a fireplace and air-conditioning and the comp has only air-conditioning, an adjustment would need to be made to the comp property.

This adjustment would need to account for the difference in value between the two properties due to the presence or absence of a fireplace. The adjustment amount would need to be calculated based on the market value of a fireplace in the area and then applied to the comp property.

This is necessary to ensure that the comparison of the two properties is fair and accurate, and that the final valuation of the subject property is based on the most relevant and comparable data available.

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The change in equilibrium U.S. GDP is a decrease of $30 billion.

The formula for the spending multiplier is:

Spending Multiplier = 1 / (1 - Marginal Propensity to Consume)

In your case, you mentioned the multiplier was

3. To calculate the change in equilibrium U.S. GDP, we can use the formula:

Change in GDP = Spending Multiplier × Change in Investment Spending

Given the data:
- Rate of deflation: 1% (not used in this calculation)
- The unemployment rate increased by 2% (not used in this calculation)
- Investment spending fell by $10 billion
- Spending multiplier: 3

Now, let's plug the values into the formula:

Change in GDP = 3 × (-10 billion)
Change in GDP = -30 billion

Therefore, the change in equilibrium U.S. GDP is a decrease of $30 billion.

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The bullish signal to a technical analyst using moving average rules would be when a stock price crosses above its 52-week moving average. Option A.

This is because it indicates a potential uptrend in the stock's price and is often seen as a buy signal by technical analysts.

Option b, where the stock price crosses below its 52-week moving average, is a bearish signal indicating a potential downtrend.

Option c, where the stock's moving average is increasing, is also a bullish signal but not as strong as option a. Option d, where the stock's moving average is decreasing, is a bearish signal indicating a potential downtrend.

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To calculate the present worth of the lottery winnings, we need to consider the 20 equal annual payments of $50,000.

The first payment being made at the end of the second year, and an annual interest rate of 5.25%. To find the present worth, we'll use the formula for the present value of an annuity:

PV = P * [(1 - (1 + r)^-n) / r],where PV is the present value, P is the annual payment, r is the interest rate, and n is the number of payments.

In this case, P = $50,000, r = 0.0525, and n = 20. Plugging these values into the formula, we get:PV = 50,000 * [(1 - (1 + 0.0525)^-20) / 0.0525] = $579,680.

Therefore, the present worth of the lottery winnings at a 5.25% annual interest rate is $579,680.

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Choosing the appropriate medium for communication is crucial for a manager as it affects the effectiveness and efficiency of the communication. If the medium is not appropriate, the message may not be conveyed effectively, leading to confusion, misunderstandings, and delays.

Here are four forms of media that managers can use for communication along with their pros and cons:

1. Email:

Pros -
- It is a fast and convenient way of communicating.
- It allows for detailed explanations.
- It provides a written record of the communication.

Cons -
- It may not be the best medium for urgent matters.
- It may be impersonal.
- It may lead to misinterpretation or miscommunication.

2. Phone:

Pros -
- It allows for immediate feedback.
- It is a more personal way of communicating than email.
- It can help build rapport and relationships.

Cons -
- It may not be the best medium for complex or detailed information.
- It may be difficult to schedule a time to speak.
- It may be interrupted or distracted by external factors.

3. Video Conferencing:

Pros -
- It allows for face-to-face communication.
- It is a useful medium for remote or virtual teams.
- It saves time and travel costs.

Cons -
- It requires a stable internet connection.
- Technical issues may occur, leading to delays or disruptions.
- It may lack the personal touch of in-person communication.

4. In-person Meetings:

Pros -
- It allows for immediate feedback and interaction.
- It allows for nonverbal cues to be observed and interpreted.
- It can help build relationships and trust.

Cons -
- It may be difficult to schedule a time that works for everyone.
- It may require travel or other expenses.
- It may take longer to communicate the same amount of information compared to other media.

In conclusion, choosing the appropriate medium for communication is crucial for managers. They must take into consideration the type of message, urgency, and audience when deciding which medium to use. Each medium has its pros and cons, and managers must weigh them carefully to ensure effective and efficient communication.

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The gross profit of the given statement is $187,020. Therefore, the correct option is C.  $187,020

To calculate Gross Profit, we need to use the following formula:

Gross Profit = Sales - Cost of Goods Sold

First, we need to calculate the net sales by subtracting the sales discounts and returns & allowances from the total sales:

Net Sales = Sales - Sales Discounts - Sales Returns & Allowances
Net Sales = $372,000 - $8,200 - $34,780
Net Sales = $329,020

Next, we can calculate the Cost of Goods Sold using the beginning and ending inventory:

Cost of Goods Sold = Beginning Inventory + Purchases - Ending Inventory

Since we don't have the purchases information, we can use the following formula to calculate it:

Purchases = Cost of Goods Sold + Ending Inventory - Beginning Inventory
Purchases = $121,000 + $173,000 - $152,000
Purchases = $142,000

Now we can calculate the Gross Profit:

Gross Profit = Net Sales - Cost of Goods Sold
Gross Profit = $329,020 - $142,000
Gross Profit = $187,020

Therefore, the answer is C. $187,020.

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Net cash provided by operating activities is $123,500. To prepare the operating activities section of Macrosoft's statement of cash flows using the indirect method, we need to start with the company's net income.

And adjust for any non-cash expenses and changes in current assets and liabilities. Here's how to do it:

Operating Activities: Net Income: $72,000 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation Expense: $87,000 Increase in Prepaid Rent: ($67,000) (prepaid rent is an asset and increase in asset is a cash outflow) Increase in Accounts Payable: $10,000 (increase in liability is a cash inflow) Increase in Income Tax Payable: $21,500 (increase in liability is a cash inflow)

Net cash provided by operating activities: $123,500 (Net Income + Depreciation Expense + Increase in Prepaid Rent - Increase in Accounts Payable + Increase in Income Tax Payable)

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In a perfectly competitive market, each firm adjusts to the new equilibrium in the long run by producing at the minimum point of the ATC curve and charging a price equal to the market price.

In the long run, a single firm in a competitive market would adjust to the new equilibrium by producing a quantity where marginal cost (MC) equals marginal revenue (MR) and charging a price where this quantity intersects with the average total cost (ATC) curve. This is because in a competitive market, there are many buyers and sellers, and no single firm can influence the market price. Therefore, firms must take the market price as given and adjust their production levels accordingly to maximize profits.

In the long run, if a firm is earning economic profits, new firms will enter the market, attracted by the high profits. This entry of new firms will increase the supply of goods in the market, leading to a decrease in the market price. As the market price decreases, the economic profits of each firm will also decrease. This will continue until the market reaches a new long-run equilibrium where all firms are earning zero economic profit. At this new equilibrium, each firm will be producing a quantity where MC equals MR, which is the quantity where the firm can produce goods at the lowest cost and sell them at the highest possible price. The price charged by the firm will be equal to the market price, which is determined by the intersection of the market demand and supply curves. The firm's ATC curve will intersect the market price at this quantity, ensuring that the firm is covering all of its costs and earning zero economic profit.

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In terms of the relationship between expenditures on advertising communications and subsequent sales revenues, too many marketing managers assume that there is a direct relationship. Option A is correct.

While it is true that advertising can have a positive impact on sales revenues, the relationship between advertising expenditures and sales revenues is not always straightforward or direct. There are many factors that can influence the effectiveness of advertising, such as the quality of the product, the competitive landscape, and the target audience. Therefore, it is important for marketing managers to carefully evaluate the effectiveness of their advertising campaigns and to consider other factors that may be impacting sales revenues. This may involve conducting market research, analyzing sales data, and gathering feedback from customers to better understand the impact of advertising on sales revenues.

It is also important to note that the relationship between advertising expenditures and sales revenues may not be linear or consistent over time. In some cases, there may be diminishing returns to additional advertising expenditures, while in other cases, there may be a threshold level of advertising expenditures that is necessary to generate a significant increase in sales revenues.

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Therefore, Patti's gross income for taxpayers the year would increase by $1,515 to account for the imputed interest on the interest-free loan to her son. and Plus: Distributed profits for 2014: 202,000.

3. Mark's gross income from the partnership for 2015 can be calculated as follows:

Total partnership earnings before partners' withdrawals: 10,000 x 12 months x 2 partners): 760,000

Mark's share of profits: 20% x 152,000

Plus: Distributed profits for 2014: 202,000

4. Given Ted's plan to sell the asset immediately and his significant capital gains, it may be advisable for him to receive the bonds, which have a lower fair market value and therefore potentially lower capital gains tax liability.

As for Alice, since she has no plans to sell the asset, it may be more beneficial for her to receive the stock, which has a higher fair market value and potentially higher long-term growth potential. However, this decision should also take into account any other factors, such as diversification of her investment portfolio.

5. The imputed interest on the interest-free loan from Patti to Alex can be calculated as follows:

Total loan amount: 40,000

Remaining loan amount: 1,515

Therefore, Patti's gross income for the year would increase by $1,515 to account for the imputed interest on the interest-free loan to her son.

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To find a storage device that can integrate data and device power into a single cable and use a connector and port that is neither L-shaped nor rectangular, the best SATA device for these conditions is the "eSATAp"

The eSATAp combines the functionality of an eSATA (external SATA) and a USB port, storage device providing power and data transfer capabilities in a single cable.

The connector is not L-shaped or rectangular, as it is designed to fit both eSATA and USB devices. This makes it an ideal choice for meeting your specified requirements.

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The correct answer is option (C): 10.0% and $1.68. This indicates that the company has an operating profit margin of 10.0% and an EPS of $1.68 per share for Year 12.

The operating profit margin is calculated by dividing the operating profit by net revenues from footwear sales. In this case, the operating profit margin would be:

Operating Profit Margin = Operating Profit / Net Revenues from Footwear Sales = $60,000 / $600,000 = 10.0%

To calculate the earnings per share (EPS), we need to divide the net profit by the number of shares outstanding. In this case, the EPS would be:

EPS = Net Profit / Number of Shares Outstanding = $33,600 / 20,000,000 = $0.00168 per share

To convert this to dollars per share, we need to multiply by 100:

EPS = $0.00168 x 100 = $0.168 per share

In this case, the company has an EPS of $1.68, which means that for every share of common stock outstanding, the company has a profit of $1.68 after deducting all expenses and taxes. This is a relatively low EPS, which could be a concern for investors and stakeholders. However, it's worth noting that the EPS can be influenced by a variety of factors, such as the number of shares outstanding, the company's dividend policy, and the overall performance of the stock market. Therefore, it's important to consider the EPS in the context of other financial metrics and market conditions.

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Fostering global economic growth is a powerful means of reducing international tensions because it promotes cooperation and interdependence among nations.

When countries are economically interconnected, they have a shared interest in maintaining stable relationships and avoiding conflict. Trade and investment create mutual benefits that incentivize nations to work together and resolve disputes peacefully. Furthermore, economic growth can lead to greater opportunities for individuals and communities, reducing the likelihood of unrest and conflict caused by poverty and inequality. By promoting economic development and cooperation, nations can build relationships based on mutual interests and respect, ultimately reducing the likelihood of tensions and conflicts.

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Country E has the highest real GDP per capita.

Assuming that the share of the population employed in all countries is 50 percent, we can calculate the real GDP for each country by multiplying the population, average labor productivity, and the share of the population employed (0.5). Then, we can calculate the real GDP per capita by dividing the real GDP by the population.

Country A:
Real GDP = (100 million * $2,000 * 0.5) = $100 billion
Real GDP per capita = $100 billion / 100 million = $1,000

Country B:
Real GDP = (150 million * $10,000 * 0.5) = $750 billion
Real GDP per capita = $750 billion / 150 million = $5,000

Country C:
Real GDP = (75 million * $25,000 * 0.5) = $937.5 billion
Real GDP per capita = $937.5 billion / 75 million = $12,500

Country D:
Real GDP = (250 million * $50,000 * 0.5) = $6,250 billion
Real GDP per capita = $6,250 billion / 250 million = $25,000

Country E:
Real GDP = (95 million * $60,000 * 0.5) = $2,850 billion
Real GDP per capita = $2,850 billion / 95 million = $30,000

Based on these calculations, Country E has the highest real GDP per capita at $30,000. So, the answer is b. Country E.

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False. The starting point for career planning and development is the individual employee, as it is their personal goals, interests, and skills that need to be assessed and developed.

However, the organization plays a crucial role in providing opportunities, resources, and support for the employee's career growth and development.

Career planning and development is a joint responsibility of both the individual employee and the organization. While the individual employee is responsible for setting personal goals, identifying skills gaps, and taking the necessary steps to improve their skills and knowledge, the organization is responsible for providing opportunities for growth and development, such as job rotations, mentoring programs, and training and development initiatives. By investing in their employees' career development, organizations can increase employee engagement, reduce turnover, and improve overall performance.

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John Maynard Keynes argued in his 1936 work, "The General Theory of Employment, Interest, and Money," that the government should have some involvement in business. This idea was a departure from the classical economic theories of his time, which emphasized minimal government intervention in markets.

Keynes believed that the government had a role to play in stabilizing the economy, particularly during periods of recession or depression. He argued that government spending could stimulate demand and reduce unemployment, thereby promoting economic growth. This perspective, known as Keynesian economics, became influential in the mid-20th century and played a significant role in shaping modern economic policy.

While Keynes did not advocate for total government control of businesses, as in the cases of Karl Marx and Josef Stalin, his ideas stood in contrast to Adam Smith's laissez-faire approach, which emphasized the benefits of free markets and minimal government intervention. Overall, Keynes' "General Theory" introduced a new perspective on the government's role in the economy and has continued to impact economic policy debates to this day.

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The statement is incorrect. All of the options listed (Peak season, Debris removal, Preservation of property, and Fire department service charge) are additional coverages that can be added to the Building and Personal Property Coverage Form.

Here's a brief explanation of each additional coverage:

1. Peak season: covers an increase in stock during a specific time of the year, such as the holiday season.

2. Debris removal: covers the cost to remove debris resulting from a covered loss.

3. Preservation of property: covers the cost to remove property from the premises to protect it from further damage.

4. Fire department service charge: covers the cost of fire department services that are called to the premises.

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Wilson's net cash flow is X - $2,920.

To prepare a personal cash flow statement for Wilson Johnson, we need to analyze his cash inflows and cash outflows. A cash flow statement is a financial document that shows the money coming in and going out of an individual's finances over a specific period.

1. Cash Inflows:
To determine Wilson's cash inflows, we need to know his monthly income. As it is not mentioned, we will assume his net monthly income as 'X.'

2. Cash Outflows:
The cash outflows consist of Wilson's monthly expenses:
- Condo rent: $1,100
- Renter's Insurance: $25
- Utilities: $235
- Car payment: $550
- Cell phone: $50
- Food: $225
- Clothes: $125
- Car expenses: $260
- Entertainment: $350

Now, let's create Wilson Johnson's personal cash flow statement (monthly):

Personal Cash Flow Statement (Monthly)
---------------------------------------
Cash Inflows:
- Net Monthly Income: X

Cash Outflows:
- Condo rent: $1,100
- Renter's Insurance: $25
- Utilities: $235
- Car payment: $550
- Cell phone: $50
- Food: $225
- Clothes: $125
- Car expenses: $260
- Entertainment: $350
- Total Cash Outflows: $2,920

To calculate Wilson's net cash flow, subtract the total cash outflows from his net monthly income (X - $2,920). This will help Wilson understand how much money is left after covering his monthly expenses and can inform his decisions regarding debt repayment and retirement savings.

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The income under variable costing for 2022 is $81,840.

To calculate the income under variable costing for Sunland Company in 2022, we need to follow these steps:

1. Calculate the total variable costs per unit: Manufacturing variable cost ($5,000) + Selling and Administrative variable cost ($120) = $5,120 per unit
2. Calculate the total fixed costs: Manufacturing fixed costs ($33,600) + Selling and Administrative fixed costs ($43,600) = $77,200
3. Calculate the total sales in 2022: 28 units sold * $10,800 per unit = $302,400
4. Calculate the total variable costs in 2022: 28 units * $5,120 per unit = $143,360
5. Calculate the contribution margin in 2022: Total sales ($302,400) - Total variable costs ($143,360) = $159,040
6. Calculate the income under variable costing for 2022: Contribution margin ($159,040) - Total fixed costs ($77,200) = $81,840

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When an advertiser is deciding whether to run an ad on television or in print, they are deciding on which medium to use. A medium refers to the platform or channel that an advertiser uses to communicate their message to their target audience. In this case, the two options are television and print.

Television is a broadcast medium that reaches a large audience through visual and auditory means. Print, on the other hand, is a static medium that includes newspapers, magazines, and other physical or digital publications.

The decision to use a particular medium depends on several factors, including the target audience, the budget, the message that the advertiser wants to convey, and the overall marketing strategy. For instance, if the target audience is mainly older individuals who consume a lot of print media, then running the ad in a newspaper or magazine might be more effective.

On the other hand, if the budget is more substantial, and the goal is to reach a broader audience, then running the ad on television might be the best option.

Ultimately, the choice of medium depends on the advertiser's goals and the resources available. The right medium can help the advertiser effectively communicate their message and achieve their marketing objectives.

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Yes, based on the balance sheet provided, the Mario family has adequate savings for emergency.

The family has a total of $13,100 in liquid assets, which includes cash in checking accounts and emergency savings account.

Liquid assets are those that can be easily converted to cash, and therefore are readily available for emergencies.

To calculate if the Mario family has enough emergency savings, we can use the rule of thumb that recommends having at least three to six months' worth of living expenses saved up.

In the statement of cash flows provided, the family has monthly living expenses of $2,500. Therefore, the minimum recommended emergency savings for the family would be between $7,500 & $15,000.

The Mario family's emergency savings account currently holds $7,200, which is within the recommended range.

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The probability that there are three people in a class of 100 students with the same birthday is approximately 1 - (((365/365) * (364/365) * (363/365))^33 * (362/365)).

To find the probability that there are three people in a class of 100 students with the same birthday, we will use the complementary probability. First, we calculate the probability that no three people share the same birthday and then subtract that value from 1.

Step 1: Calculate the total possible combinations of birthdays for 100 students, which is 365^100, since each student can have a birthday on any of the 365 days.

Step 2: Calculate the probability that no three people share the same birthday. We can split the 100 students into 33 groups of 3 students each, with 1 student left over. For each group, the probability that the three students have different birthdays is (365/365) * (364/365) * (363/365).

Step 3: Multiply the probabilities for all 33 groups and the one left over: ((365/365) * (364/365) * (363/365))^33 * (362/365).

Step 4: Subtract the result from Step 3 from 1 to find the complementary probability: 1 - (((365/365) * (364/365) * (363/365))^33 * (362/365)).

The probability that there are three people in a class of 100 students with the same birthday is approximately 1 - (((365/365) * (364/365) * (363/365))^33 * (362/365)).

To know more about probability refer here:

https://brainly.com/question/31120123#

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