Answer:
a)
y = $10x
b)
y = $15.6x
c)
y = $5000 + $0.3x
d)
y = $300000 + $100x
Explanation:
y for estimated costs and X for activity of the cost driver. Linear cost function is given as:
y = a + bx.
Where y is the cost being predicted, x is the cost driver, a is the fixed cost (intercept) and b is the variable cost per unit (slope)
a) Since Direct manufacturing labor is $10 per hour, variable cost (b) = Direct manufacturing labor = $10
Therefore:
y = $10x
b) variable cost (b) = Direct materials cost = $15.60 per cubic yard.
Therefore:
y = $15.6x
c) Fixed cost (a) = utilities = $5000 and variable cost (b) = charges = $0.3 per kilowatt-hour. Therefore:
y = $5000 + $0.3x
d) Fixed cost (a) = Machine operating costs = $300000 and variable cost (b) = utility costs = $100 per day. Therefore:
y = $300000 + $100x
Freelife, New Hampshire has a labor force of 78,567 persons and employment of 74,382. The unemployment rate for the city is: Group of answer choices 5.3%. 5.6%. 6.0%. 7.1%
Answer:
5.3%
Explanation:
There are 4,185 unemployment person(78,567-74,382)
So the rate of unemployment persons = ( the number of unemployment / the total number of persons) × 100
= (4,185/78,567) ×100
In Freelife, New Hampshire, there are 74,382 people employed and 78,567 people in the labor force. The city's unemployment rate is 5.3%.
What is the cause of unemployment?When someone is actively seeking employment even if they are employable, they are said to be unemployed. Individuals who are employed but do not have the right jobs are included in this group. One of the indices of a nation's economic health is unemployment,
which is typically calculated as the unemployment rate, which is calculated by dividing the number of jobless persons by
the total number of workers. It is common to misunderstand the definition of unemployment, which includes persons who are waiting to start working again after being discharged but excludes those who have given up seeking for a job. Those that aren't looking for work right now.
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Corporation is considering permanently shutting down a department that has an annual contribution margin of $32,000 and $64,000 in annual fixed costs. Of the fixed costs, $16,000 cannot be avoided. The effect of eliminating this department on Fabio's overall net operating income would be:________.
Answer:
an increase of $16,000
Explanation:
Calculation for what The effect of eliminating this department on Fabio's overall net operating income would be
Calculatation of Segment Margin
Contribution Margin 32,000.00
Less Avoidable Fixed Costs( 48,000.00)
(64,000+16,000)
Segment Margin (-$16,000)
Based on the above calculation in a situation where the department was eliminated it means that the company have to eliminate the segment margin department's with negative amount of $16,000 which will lead to the overall net operating income to increase by the amount of $16,000
Therefore The effect of eliminating this department on Fabio's overall net operating income would be:an increase of $16,000
Ali enjoys her graphic design class, and her friends and teachers often tell her she has a good eye for detail. Which type of education and career would best fit Ali’s artistic talents?
O. completing an apprenticeship to become a carpenter
O. earning an associate’s degree to become a construction supervisor
O. completing physical training to become a construction laborer
O. earning a bachelor’s degree to become an interior designer
Answer:
D. earning a bachelor's degree to become an interior designer
Explanation:
Answer:
D
Explanation:
Just took the test
Fickel Company has two manufacturing departments—Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $19.00 per direct labor-hour and $15.00 per direct labor-hour, respectively. The company’s direct labor wage rate is $21.00 per hour. The following information pertains to Job N-60: Assembly Testing & Packaging Direct materials $ 375 $ 39 Direct labor $ 168 $ 84 Required: 1. What is the total manufacturing cost assigned to Job N-60? (Do not round intermediate calculations.) 2. If Job N-60 consists of 10 units, what is the unit product cost for this job?
The total manufacturing cost assigned to Job N-60 is $ 696. If Job N-60 consists of 10 units, the unit product cost for this job is $111.00.
How to find the manufacturing costs ?Direct materials (Assembly + Testing & Packaging) = $375 + $39
= $414
Direct labor (Assembly + Testing & Packaging) = $168 + $84
= $252
Overhead applied (Assembly + Testing & Packaging) = $19 * 168 + $15 * 84 = $316 + $126
= $442
Total manufacturing cost = $414 + $252 + $442
= $1110
Unit product cost = Total manufacturing cost / Number of units
= $1110 / 10
= $111.00
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Anya is an administrator at Zenorx Inc., a start-up software company. She is responsible for acquiring capital for the company. In the context of the various factors of production that businesses rely on, which of the following functions is most likely to be a part of Anya's responsibilities?
In the context of the various factors of production that businesses rely on, acquiring synthetic resources like computers and telephones is most likely to be a part of Anya's responsibilities.
Factors of production, resources, or inputs are what are used in the production process to produce output—that is, products and services—in economics.
According to the production function, the quantity of output is determined by the amounts of various inputs that are used. Land, labor, capital, and entrepreneur are the four basic resources or components of production (or enterprise).
The factors are also frequently termed "production goods or services" to differentiate them from consumer goods or services.
Factors are classified into two types: primary and secondary. Land, labor, and capital are the previously mentioned major components. In traditional economics, materials and energy are considered secondary variables because they are obtained through land, labor, and capital.
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Correct question:
Anya is an administrator at Zenorx Inc., a start-up software company. She is responsible for acquiring capital for the company. In the context of the various factors of production that businesses rely on, which functions is most likely to be a part of Anya's responsibilities?
DESCRIBE THE FUNCTIONS OF
PRELIMINARY DATA GATHERING?
Preliminary data gathering involves collecting and analyzing relevant information to establish a foundation for research or decision-making, including identifying objectives, assessing data availability, etc.
What are the Functions of Preliminary Data Gathering?Preliminary data gathering encompasses the initial acquisition and evaluation of pertinent information, serving as a basis for research or decision-making. It aids in defining project scope, goals, and needs, while also assessing data availability and quality.
This stage assists researchers and decision-makers in gaining insights, assessing project feasibility, recognizing potential obstacles, and formulating a strategic plan for subsequent data collection and analysis.
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Mountain High Ice Cream Company transferred $68,000 of accounts receivable to the Prudential Bank. The transfer was made without recourse. Prudential remits 90% of the factored amount to Mountain High and retains 10%. When the bank collects the receivables, it will remit to Mountain High the retained amount (which Mountain estimates has a fair value of $5,800) less a 2% fee (2% of the total factored amount).
Required:
Prepare the journal entry to record the transfer on the books of Mountain High assuming that the sale criteria are met.
Answer:
Dr Cash $59,840
Dr Loss on Sale of Receivables $8,160
Dr Recievable from Factor $5,800
Cr Recourse liability $5,800
Cr Accounts Receivable $68,000
Explanation:
Preparation of the journal entry to record the transfer on the books of Mountain High assuming that the sale criteria are met.
Dr Cash $59,840
[(68,000 x .90) - (68,000 x .02)]
Dr Loss on Sale of Receivables $8,160
[(5,800 + 68,000) - ($59,840 + 5,800)]
Dr Recievable from Factor $5,800
Cr Recourse liability $5,800
($59,840+$8,160+5800-68,000)
Cr Accounts Receivable $68,000
(To record the transfer on the books of Mountain High)
Dr Loss on Sale of Rec = (5,800 + 68,000) - ($59,840 + 5,800) = $8,160
73,800-65650
A company cannot have discriminatory hiring policies based on race, gender or disabilities, even if the disability could impact performance.
1.4.2 Test (CST): Fundamental Principles of Economics
Question 18 of 20
Which statement best summarizes the relationship between investments and
productivity?
OA. Companies must choose between high levels of productivity and
large investments.
OB. Companies with high levels of productivity are the most likely to
need investment.
OC. Companies use investments to avoid the need to increase overall
productivity.
OD. Companies use investments to pay for services that improve their
productivity.
Statement first-class summarizes the connection between investments and productiveness: corporations use investments to pay for offerings that improve their productivity.
Investments definition is an asset acquired or invested in to assemble wealth and keep cash from the difficult-earned income or appreciation. funding which means essentially to achieve an extra delivery of profits or advantage and make the most of the investment over a particular time period.
Investments are the determination of an asset to obtain an increase in price over a time period. investment requires a sacrifice of a few gift properties, along with time, cash, or a try. In finance, the motive of making funding is to generate a move back from the invested asset.
In a funding outlook, investment is the acquisition of products that are not fed nowadays but are used inside the destiny to generate wealth. In finance, an investment is an economic asset bought with the idea that the asset will provide earnings similarly or will later be bought at a better cost rate for earnings.
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1. Some businesspeople believe that elimination agents and wholesalers reduce their operating expenses. Discuss the opportunity costs associated with eliminating intermediaries.
1. While eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
Eliminating intermediaries such as elimination agents and wholesalers reduce operating expenses, but it also has associated opportunity costs that businesses need to consider. One of the primary costs is the loss of the expertise and value-added services that intermediaries offer to businesses and customers. Eliminating intermediaries may result in businesses taking on additional responsibilities and expenses such as marketing, distribution, and logistics.
This may result in the need for additional staff and resources to ensure that products reach customers on time. Furthermore, eliminating intermediaries may also result in reduced customer access to products, as intermediaries are often responsible for finding new markets and customer segments. In this case, businesses may need to invest additional resources to market and promote their products to reach new customers.
In conclusion, while eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
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3. Once you turn 18, you should regularly check your credit report...
For errors or signs of identity fraud
To keep an eye on your credit score
To make a plan for improving your credit score
Only if you have a credit card
Answer:
A - For errors or signs of identity fraud
Explanation:
That is the correct answer, good luck, and have a good day.
What is the best business to start from 12-17 yrs old in UK
Prompt
Discuss the differences between a wage, a salary and a commission.
Wages are based on the amount of time spent working and the amount of work performed during that time. Salary is more akin to a set sum. The major distinction between salaries and wages is this.
Explain the differences between a wage, a salary, and a commission.A wage is given after a certain number of hours or after the task has been done. Because a salary is frequently paid monthly regardless of how much labor you put in, it is comparable to a fixed income. You receive the whole amount up front when you complete the work for a commission. This is the method through which creative individuals, such as musicians and painters, profit from their work.
What does it imply to talk about earnings and salary?While wages are remuneration for labor services often provided and expressed in hourly rates, salaries are analogous payments that are declared in weekly, monthly, or annual rates. The regular payment made to a worker or employee in return for their effort during the manufacturing process is known as a "wage" (or "pay").
What is the purpose of a business commission?Depending on the sales they produce, employees may get commission, often known as sales commission. The generation of invoices is free with SumUp Invoices. Often, a commission is calculated as a percentage of the sale's price.
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What are some of the reasons why domestic policies change overtime?
Answer:
They changed as the USA entered the war.
Explanation:
American and domestic foreign policy during World
War 2 were linked in that once America entered the
war it had a significant impact on its economy.
When we say during World War 2 we must remember
that the USA did not enter the war until December
1941 after the attack on Pearl Harbour. Even then
there was no guarantee that they would become
involved in a war in Europe. It was Hitler who
declared war on the USA.
Prior to that American domestic politics
were dominated by the arguments between
interventionism and isolationism. President Roosevelt
had to tread a fine path in providing limited support to
the UK whilst being careful not to turn public opinion even more against involvement in a war thousands of miles away.
Japan's failure to deliver a knockout blow at Pearl Harbour meant that the US economy, on a war footing, was powerful enough to produce military hardware on a scale not seen before which would lead to victory in 1945 and the USA emerging as the most powerful country in the world.
Domestic policies change over time mainly due to changing societal values, economic conditions, and political influences. Society's evolving nature, economic developments, and shifts in political power greatly influence such changes.
Explanation:Domestic policies change over time due to a variety of reasons. The primary ones include changing societal values, economic conditions, and political influences. For instance, societal values evolve over time, which may either necessitate new policies or changes in existing ones to address contemporary issues. Economic conditions may influence policy changes for enhancing economic stability and growth. Changing political influences also play a significant role as different political parties with contrasting priorities and approaches to governance come to power.
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A sports car traveled a distance of 312 miles in 6 hours. Traveling at the same speed, what distance would this sports car travel in 8 hours? (5 points)
a
234 miles
b
360 miles
c
416 miles
d
474 miles
A sports car traveled a distance of 312 miles in 6 hours. Traveling at the same speed, distance that this sports car would travel in 8 hours will be 416 miles
It is calculated as below:
Calculation of miles per hour= total distance/total hours taken
=312/6
= 52 miles per hour
Calculation of total distance= Distance travelled in one hour* No. of hours
= 52 x 8 = 416 miles
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Do you have to work in the same trade for 2 years to mortgage a house.
Answer:
yes you do have to work in the same trade for 2 years to morgage a house
Suppose that you are able to buy papaya at the wholesale price of $1/lbs and sell it for $4/lbs. Suppose demand is Poisson-distributed with a mean of 100? Which of the following is true?
a. The optimal stocking level is higher than 100
b. The optimal stocking level is lower than 100
c. The optimal stocking level is equal to 100
Which of the four Ps does the question of discounts apply to?
Answer:
product, price, place, and promotion.
Isabella and Antonio are auto mechanics. Isabella takes 6 hours to replace a clutch and 4 hours to replace a set of brakes. Antonio takes 8 hours to replace a clutch and 6 hours to replace a set of brakes. State whether anyone has an absolute advantage at either task and, for each task, identify who has a comparative advantage.
Isabella has an absolute advantage in both clutch replacement and brake replacement due to her ability to complete each task in less time.
- Isabella also has a comparative advantage in both clutch replacement and brake replacement, assuming similar skills and pay rates.
How to determine the whether anyone has an absolute advantage at either task and, for each taskTo determine absolute and comparative advantages in this scenario, we need to compare the productivity of Isabella and Antonio in replacing clutches and brakes.
Let's analyze the tasks:
1. Clutch Replacement:
- Isabella takes 6 hours.
- Antonio takes 8 hours.
Based on the time taken, Isabella has an absolute advantage in clutch replacement because she can complete the task in less time than Antonio.
2. Brake Replacement:
- Isabella takes 4 hours.
- Antonio takes 6 hours.
Again, based on the time taken, Isabella has an absolute advantage in brake replacement because she can complete the task in less time than Antonio.
Similar to clutch replacement, if we assume similar skills and pay rates, Isabella would also have a comparative advantage in brake replacement due to her ability to complete the task more quickly.
Comparative advantage is based on a comparison of opportunity costs, and without specific information about the trade-offs involved, we can infer that Isabella's ability to complete both tasks more quickly gives her a comparative advantage in both.
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On January 1, a company purchased a five-year insurance policy for $3,600 with coverage starting immediately. If the purchase was recorded in the Prepaid Insurance account, and the company records adjustments only at year-end, the adjusting entry at the end of the first year is:
A. Debit Prepaid Insurance, $2.880; credit Insurance Expense, $2,880.
B. Debit Prepaid Insurance, $3,600; credit Cash, $3,600.
C. Debit Insurance Expense, $720; credit Prepaid Insurance. $2.880.
D. Debit Insurance Expense. $720; credit Prepaid Insurance, $720.
E. Debit Prepaid Insurance. $720; credit Insurance Expense, $720
With regard to the composition of corporate boards in the United States,
corporate boards average approximately 12 members.
O about half of the directors are "outside" directors.
O five percent have at least one woman on the board.
twenty-five percent of all companies have at least one minority board member.
With regard to the composition of corporate boards in the United States, option B. About half of the directors are "outside" directors.
Corporate boards in the United States typically consist of a group of individuals responsible for overseeing the management and decision-making of a company. The composition of these boards can vary, but there are some common trends and practices.
Option A states that corporate boards average approximately 12 members. While this may be true for some companies, board sizes can vary significantly depending on the size and nature of the organization. Smaller companies may have fewer board members, while larger corporations may have larger boards to accommodate the complexities of their operations.
Option C suggests that five percent of corporate boards have at least one woman on the board. However, the representation of women on corporate boards has been a topic of discussion and a focus of efforts to improve diversity. Recent studies and reports indicate that progress has been made, and the percentage of women on boards has been increasing over time. However, the exact percentage varies among companies and industries.
Option D states that twenty-five percent of all companies have at least one minority board member. Like gender diversity, the representation of minorities on corporate boards has been a topic of concern and initiatives promoting inclusion. The percentage of companies with minority board members may vary, and efforts are being made to improve diversity in this regard as well.
Overall, it is important to recognize that the composition of corporate boards in the United States is evolving, and there is increasing recognition of the importance of diversity, including gender and minority representation. While specific percentages may vary, there is a growing emphasis on promoting diversity and inclusion in corporate governance practices. Therefore, the correct option is B.
The question was incomplete, Find the full content below:
With regard to the composition of corporate boards in the United States,
A. corporate boards average approximately 12 members.
B. about half of the directors are "outside" directors.
C. five percent have at least one woman on the board.
D. twenty-five percent of all companies have at least one minority board member.
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Leasing a car for a short time is usually cheaper than buying the same car since __________.
a.
insurance premiums are lower for leased cars
b.
leasing generally comes with a lower interest rate
c.
people who lease cars are considered more responsible than those who buy
d.
in leasing a car you pay only for the depreciation of the car rather than the total value
Answer:
D
Explanation:
For a person to Lease a car for a short time is said to be cheaper than buying the same car since in leasing a car you pay only for the depreciation of the car rather than the total value.
Is Leasing a car cheaper then buying the same car?The purchasing of a vehicle after the lease can save you a lot of extra fees and penalties.
Leasing a car has its own benefits that do appeal to a lot of drivers. it is said to Lower monthly payments.
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a) Beef supplies are sharply reduced because of drought in the beef-raising states, and consumers turn to pork as a substitute for beef. Describe how you would illustrate this change in the beef market in supply-and-demand terms.
The decrease in the supply of beef has led to increased demand for the product which ahs made the people to turn to pork as a substitute. Thereby increasing the demand for pork. Tre supply curve for beef would shift downward while the supply curve for pork would shift outward.
What is supply?This is the term that has to do with the number of goods and services that consumers would need that are available in the market for consumption by the producers.
The supply of beef has fallen due to the drought.
What is demand?This is the need that the people would have that would cause them to want to buy more of a product or a service.
Pork can replace beef, hence the demand for pork is now increased in the market.
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which factor of production to the risk taking and management component of production chapter 15
The factor of production to the risk taking and management component of production :Entrepreneurship as a Factor of Production.Entrepreneurs are important because they are the ones taking the risk of the business and identifying potential opportunities. The income that entrepreneurs earn is called profit.
At its most basic level, entrepreneurship refers to a person or a small group of partners who choose a fresh path to launch a new business. Assuming the majority of the project's risk, an ambitious entrepreneur actively seeks for a particular business opportunity. The role of innovation in entrepreneurship is significant. By encouraging "intrapreneurship," large organisations may try to imitate this trait. Employees are urged to cultivate an entrepreneurial mindset and establish a distinctive point of view that could inspire a novel idea for the business. The company may give these employees more autonomy, but it still retains control over the project and assumes all associated risks. Small enterprises and large corporations gain from the efforts of entrepreneurs.
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What is market environment
Answer:
The market environment is the combination of external and internal factors that affect a company's ability to establish a relationship with and serve its consumers.
Explanation:
The internal factors relate to the company itself, such as owners, workers, materials, components, etc.
The external factors are divided into macro and micro components. The macro component is the broad environment which includes societal forces that affect society as a whole. The micro component is task-related, which includes factors that influence the production, manufacturing and distribution of a product or service.
Formal Communication follows the practices shaped by the organization through official policies, hierarchy, and technology systems
It is a true statement that Formal Communication follows the practices shaped by the organization through official policies, hierarchy, and technology systems
What is a Formal Communication?This refers to the flow of an official information through a proper and predefined channels and routes in a firm.
Most times, its follows the practices shaped by the organization through official policies, hierarchy, and technology systems.
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As it realates to computers/software; Why is it important to become a creator and not just a user?
Answer:
The answer is d
Explanation:
your welcome
East Valve Distributors distributes industrial valves and control devices. The Eastern control device has an annual demand of 9,375 units and sells for $100 per unit. The cost of ordering is $40 per order and the average carrying cost per unit per year is $0.75. Determine the economic order quantity.
Answer:
1000
Explanation:
Given:
Annual DEMAND, D = 9375
Holding cost, H = 0.75
Cost per order, S = 40
The Economic order quantity :
EOQ = √[(2 * D * S) / H]
EOQ = √[(2 * 9375 * 40) / 0.75]
EOQ = √[(750000) / 0.75]
EOQ = √1000000
EOQ = 1000
QUESTION 8 of 10: The function of a financial planner is:
Oa) To share in the profit/loss of your investments
b) To convince you to purchase large-cap stocks
c) To design your personal budget plan
Od) To help you define and reach your financial goals
The function of a financial planner is to help individuals or organizations define and reach their financial goals through a variety of services, including budget planning. So, correct option is D.
Unlike an investment advisor who is primarily focused on managing investments, a financial planner takes a more holistic approach to a client's financial well-being. They work closely with clients to understand their current financial situation, identify their goals and objectives, and develop a personalized financial plan to achieve those goals.
Financial planners do not share in the profit or loss of their clients' investments, nor do they aim to convince their clients to purchase specific stocks. Instead, they provide unbiased advice and recommendations based on their clients' individual needs and objectives.
Ultimately, the goal of a financial planner is to help clients achieve financial security and success by providing expert guidance, ongoing support, and customized solutions to meet their unique financial needs.
So, correct option is D.
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The International Air Transport Association surveys business travelers to develop quality ratings for transatlantic gateway airports. The maximum possible rating is 10. Suppose a simple random sample of 50 business travelers is selected and each traveler is asked to provide a rating for the Miami International Airport. The ratings obtained from the sample of 50 business travelers follow.
The population mean rating for Miami is 6.41, and that is the confidence interval estimate.
The question includes a sample of the data.
The sample size, n = 50
The sample mean:
x= ∑X /n
= 6.76
The sample standard deviation;
s= √∑(X-x)²/(n-1)
=2.55
The confidence level =0.95
The significance level , α = 0.05
The sample mean, X
= 6.76
The sample standard deviation, s = 2.55
The sample size , n= 50
Degree of freedoms :
Df = n-1
=49
Using the t-distribution table, the critical value of t is:
t critical = t α/2, df
= t 0.025,49
= 0.098
95% confidence interval :
μ = X ± t.s/√n
t.s /
= 6.76 2.01 2.55 / √50
= 6.76 0.7249
Thus, The population mean rating for Miami is 6.41.
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