Answer:per unit mineral cost = $ 22 per ton
Total material cost of December 31, 2020, inventory= $ 169,840
Total material cost in cost of goods sold at Dec 31,2020= $ 467,060
Explanation:
Details on the property Amount
Add:
Purchase cost $ 1,038,200
Restoration cost $ 111,600
Development cost $ 248,000
Deduct:
Sales value on the property $124,000
Total material cost $1,273,800
Given that 57,900 tons are mined
a)
Per unit mineral cost = 1,273,800/57,900 = $ 22 per ton
b) Total material cost of December 31, 2020, inventory
Ending Minerals in inventory at Dec 31st 2020 = Tonnes mined – tonnes sold = 28,950-21,230 = 7, 720
therefore, total material cost of inventory = 7,720 x 22 = $ 169,840
Total material cost in cost of goods sold at Dec 31,2020
cost per ton = $22
goods sold = 21,230
therefore total material cost of goods sold = $22 x 21,230 = $ 467,060
How did Coca-Cola materialize into an American value? How did this help and hurt Coca-Cola? (and, in some ways, America itself?)
Answer: Brilliant marketing and commercials
Explanation:
One of the top advantage any firm or organization is the ability for it to be consistent with it's advertisement and marketing policy in a creative manner and to deliver when people purchase it's products. This is how Coca cola became famous within the American industry, it grew by virtue of it's brilliance in marketing, excellent and always creative commercials. These all helped pushed Coca cola into wider region of the American market and into the world.
Patton is trying to decide between a cup of coffee and a glass of orange juice. The coffee costs $1 and yields 10 units of additional utility. The juice costs $2 and yields 22 units of additional utility. If Patton follows the principle of rational choice, he will buy:
Answer:
Juice since it gives Patton the most marginal utility per dollar.
Explanation:
According to the principle of rational choice consumers make purchasing decisions based on the utility they gain per unit dollar of the product.
They choose options that will most serve their self interest.
Rational calculations are done that shows the best option for the consumer.
In the given scenario we will calculate the utility per dollar of coffee and orange juice.
The one with higher utility will be chosen.
For coffee Utility per dollar = 10 ÷ 1 = 10
For juice Utility per dollar = 22 ÷ 2 = 11
Juice has more utility per dollar. So this is the rational option for the consumer.
Ali decides to attend the one-hour review session for microeconomics instead of working at his job. His job pays him $10 per hour. Ali's opportunity cost of attending the review session is:_______
a. the $10 he could have earned at his job.
b. the one-hour review session
c. equal to the benefit he gets from the review session.
d. the value of the session minus the $10 he could have earned at his job
e. nothing, because the review session does not cost anything.
Answer: the $10 he could have earned at his job.
Explanation:
Opportunity cost is what an economic agent such as a individual and a firm forgoes when a choice is being made out of several options available.
In this case, we are told that Ali decides to attend the one-hour review session for microeconomics instead of working at his job and that his job pays him $10 per hour.
Ali's opportunity cost of attending the review session is the $10 he could have earned at his job.
Comparing the percentage of applicants hired from different subgroups to determine if they are significantly different from each other is an example of a
Complete Question:
Comparing the percentage of men, women, or minorities employed in a job category with their availability in the relevant population of qualified people interested in the position is an example of a ________.
Group of answer choices
A) bona fide occupational qualification
B) concentration statistic
C) flow statistic
D) stock statistic
Answer:
C) Flow statistic.
Explanation:
A flow statistic can be defined as a statistical tool used to measure a sample at intervals, over a specific period of time.
Comparing the percentage of applicants hired from different subgroups to determine if they are significantly different from each other is an example of a flow statistic. A flow statistic involves the accumulation of data about a defined population within a reference period.
As the mayor of a local town, Wang has the power to repeal workplace safety laws. For construction workers building the local school, the repeal of all workplace safety laws would
Options:
A) reduce their wages because of less severe positive compensating differentials.
B) increase their wages because of less severe positive compensating differentials.
C) reduce their wages because of more severe positive compensating differentials.
D) increase their wages because of more severe positive compensating differentials.
E) result in no effect on their wages because of offsetting differentials
Answer: D) increase their wages because of more severe positive compensating differentials.
Explanation: By repealing workplace safety rules and laws, the associated risk involved in working at a construction company in the town increases, due to the increase in risk due to the annulment of the safety laws, the job becomes more undesirable and hence there is a need for increased motivation in other to entice workers usually in the form of wage Increment, this increase in wage is called the compensating differential. Since the job as become undesirable and the Increment is used to compensate for the risk attached, then the differential is said to be positive. Hence, there is an increase in wages because of more severe positive compensating differentials
Zokro, a nongovernmental not-for-profit organization, uses the indirect method to prepare its statement of cash flows. In determining its net cash provided (used) by operating activities, Sokro must add back which of the following to the change in net assets?
A. Purchase of equipment.
B. Payment on long-term debt.
C. Depreciation.
D. Decrease in accounts payable.
Answer:
C. Depreciation.
Explanation:
The Indirect method reconciles the Operating Profit to the Operating Cash flow by adjusting the following items - (1) Non-cash items previously added or deducted from Operating Profit and (2) Changes in Working Capital.The only item added back on the list is depreciation - non-cash item previously deducted from Operating Income.
An application for health insurance was submitted on November 1 with the initial premium and a conditional receipt was provided. Due to an existing medical condition, the underwriter requested an Attending Physician Statement, medical exam, and MIB report. After reviewing all sources of insurability, the insurer issued the policy as substandard with a surcharge. The policy was delivered by the producer on December 1 after explaining the coverage and surcharge, obtaining the statement of good health, and collecting the premium. Coverage became effective as of the date the:
Answer:
B. Agent explained the policy coverage, surcharge, and collected the additional premium
Explanation:
The options were not included in the question:
A. Medical exam was completed and underwriting reports were received B. Agent explained the policy coverage, surcharge, and collected the additional premium C. Policy was mailed to the agent for legal delivery D. Application and initial premium were submitted, and conditional receipt was providedBasically the coverage will become effective after the additional premium is collected and all the changes to the policy have been explained to the customer. Insurance policies generally only become effective after the whole premium has been paid. There is no such thing as insurance credit. Imagine if you could purchase insurance on credit, no one would pay the policies if nothing bad happened to them . The whole concept of insurance is about it being prepaid.
A registered person's FINRA registration has become inactive because her firm is no longer in business. Unless she becomes employed by another member firm, she will be required to requalify by examination after:
Complete Question:
A registered person's FINRA registration has become inactive because her firm is no longer in business. Unless she becomes employed by another member firm, she will be required to requalify by examination after:
Group of answer choices
A. 30 days
B. One year
C. Two years
D. Three years
Answer:
C. Two years.
Explanation:
In this scenario, a registered person's Financial Industry Regulatory Authority (FINRA) registration has become inactive because her firm is no longer in business. Unless she becomes employed by another member firm, she will be required to requalify by examination after two (2) years.
Generally, if a broker's license is inactive, he or she can avoid taking another examination by getting employed with another registered member firm within two (2) years.
Additionally, FINRA is a non-profit agency in the United States of America, it is saddled with the responsibility of handling the licensing and regulation of broker-dealers in securities.
Many managers quickly cut prices when faced with slow sales or an economic downturn. History shows, however, that cutting prices is not always the best strategy. Why is this the case?
Answer:
cutting prices reduces gross margin that may be difficult to recover
Explanation:
This is the case because cutting prices reduces gross margin that may be difficult to recover. A company's gross margin is the sales revenue they retain after paying off all of the direct costs associated with producing the various goods it sells. This happens because customers get accustomed to the low prices and tend to hesitate and not buy the company's products when they are priced higher, thus making it very difficult to recover their previous gross margin.
________ play an important role in efficiently making products available to target markets in the needed varieties and quantities.
Answer:
Intermediaries
Explanation:
Intermediaries are individuals or organisations whose main function is to ensure that goods are moved smoothly through the various channels of distribution. They act as a link between the manufacturers and the consumers.
Intermediaries acts as a middleman, they provide feedbacks to the manufacturers on the customer's assessment of the product. They also help in the promotion of goods by employing different advertising strategies inorder to showcase the product to the potential customers.
Hence intermediaries play a crucial role in efficiently making products available to target markets in the required varieties and quantities.
Martin Company incurred the following costs for 70,000 units: Variable costs $420,000 Fixed costs 392,000 Martin has received a special order from a foreign company for 3,000 units. There is sufficient capacity to fill the order without jeopardizing regular sales. Filling the order will require spending an additional $6,300 for shipping. If Martin wants to break even on the order, what should the unit sales price be?
Answer:
Sales price = $8.1
Explanation:
The units sale price should be that that equated the total revenue to the the total relevant cost of the special order
The relevant cost of the special order includes;
1. Variable cost
2. Additional shipping cost
Note the fixed costs are irrelevant for this decision because they would be incurred either way
Variable cost per unit = Total variable cost /Number of unit
= 420,000/70,000 units = $6 per unit
$
Total variable cost of special order
( 3,000× $6) = $18,000
Shipping cost 6,300
Total relevant costs of special order. 24,300
Minimum Sales price = Total relevant cost /number of units
Sales price = $24,300/3,000 units =$8.1
Sales price = $8.1
Licensee Jim listed a property and Licensee Sally sold the property to her client. Jim and Sally work for the same brokerage. This type of sale is known as what?
Answer:
The answer is In-house sale.
Explanation:
In-house sale is a situation in which the listing broker is the same(no other broker involved) that buys the asset for sale. Licensee Jim and Licensee Sally work for the same brokerage and the listing and eventual sale of the property is between them(same brokerage). There is no sharing of brokerage commission.
Meadow Branch Corporation leadership believes that when managers pursue their activities in the right way, positive outcomes will result. Their approach is best described as management by ______.
Complete Question:
Meadow Branch Corporation leadership believes that when managers pursue their activities in the right way, positive outcomes will result. Their approach is best described as management by?
Group of answer choices
A. indicator
B. objectives
C. means
D. outcome
E. goal
Answer:
C. Means.
Explanation:
In this scenario, Meadow Branch Corporation leadership believes that when managers pursue their activities in the right way, positive outcomes will result. Their approach is best described as management by means.
Management by means can be defined as the process of achieving organizational aims, goals and objectives in the right way.
Several of the firm's representatives interviewing a candidate at the same time is typical of what type of interview
Answer:
When two or more representatives of a company interview a candidate at the same time, it is referred to as board or panel interview.
It is in most cases a formal interview and is common with high-level positions, in academia and for government positions.
It is usually more effective to have a carefully selected team for a board interview. A divided panel will produce very poor results with a board interview. The questions to be asked are equally important.
Cheers!
You have been asked to provide an account for an outside consultant, who needs limited access, including being able to create and modify reports, to the network for a short period of time (a few weeks). Which type of account will you give this person?
a. Guest account
b. Current account
c. Saving account
d. None of these
Answer:
a. Guest account
Explanation:
The Guest account is the account in which the other people use the computer without changing the Setting of PC, installing applications or accessing to the files i.e. private. It is to be considered as a temporary sharing your computer. Also, in windows 10 you cannot turn guest account as it is not available from the control panel
here in the given situation, it represents the guest account as it contains limited access i.e. for creating and modifying the reports
hence, the correct option is a.
You own a stock that had returns of 10.10 percent, −15.86 percent, 19.54 percent, 23.76 percent, and 6.44 percent over the past five years. What was the arithmetic average return for this stock?
Answer:
8.796%
Explanation:
Arithmetic average return = sum of returns / number of years
(10.10% −15.86% + 19.54% + 23.76% + 6.44 ) / 5 = 8.796%
Emily is a real estate salesperson in Albany. How will Emily know if the residential market in Albany is depreciating...?
Answer:
Emily would be able to know if the residential market in Albany is depreciating through the actions of investors in that sector. In a situation where people are no longer willing to invest in Albany, through purchase of houses, it shows that the residential market is depreciating. Also, when there are lack of buyers of residential houses is another factor indicating depreciation.
Explanation:
michelle works in retail and cant decide what products to include in the stores front window display what is the first step she should take to solve this problem
Michelle works in retail and can't decide what products to include in the store's front window display. What is the first step she should take to solve this problem?
A. List the options.
B. Evaluate the decision/choice.
C. State the problem.
D. Determine the pros and cons.
Answer:
C. State the problem.
Explanation:
To start with, Michelle must remember why he wants to put the product on the front window display. Next, he has to remember what he gains from displaying the products which are to advertise to potential customers.By stating this problem, Michelle now knows what products to include in the front window display because he can now sort the products that are likely to attract customers and display them.As an HR manager at an electronics firm, you learn that the position of Technician I at your firm is underpaid. What would be the best way to handle this situation
Answer:
tgeg dbchd dunf djngn
Explanation:
"To meet the customer's investment objective of tax advantaged income, the BEST recommendation is for the customer to:"
Customer Name: Jack and Jill Customer
Ages: 62 and 57
Marital Status: Married - 39 years
Dependents: None
Occupations: Jack - Manufacturing Manager - Dyno-Mite Corp.
Jill - Marketing Consultant - Self Employed
Household Income: $140,000 Joint Income
($100,000 for Jack and $40,000 for Jill)
Net Worth: $1,100,000 (excluding residence)
Own Home: Yes $420,000 Value, No Mortgage
Investment Objectives: Income / Tax Advantaged
Risk Tolerance: Moderate
Investment Time Horizon: 25 years
Investment Experience: 30 years
Tax Bracket: 30%
Current Portfolio Composition: Cash in Bank: $30,000
Growth Fund: $50,000
Variable Annuity: $50,000
Growth Stocks: $150,000
Retirement Accounts:
Jack's IRA: $100,000 invested in growth stocks
Jack's 401(k): $600,000 invested in Dyno-Mite Corp. stock
Jack's 529 Plan for Grandchild: $20,000 in growth mutual fund
To meet the customer's investment objective of tax advantaged income, the BEST recommendation is for the customer to:
A. immediately liquidate the entire Dyno-Mite position and invest the proceeds in high yield bonds
B. set a minimum and maximum threshold price to liquidate as much of the Dyno-Mite stock as the customer will permit, and invest the proceeds in high yielding common and preferred stocks
C. liquidate the IRA without penalty since Jack is past age 59 1/2, and use the proceeds to buy corporate income bonds
D. consider early retirement, since Jack is old enough to receive Social Security as a means of supplementing income
Answer:
B. set a minimum and maximum threshold price to liquidate as much of the Dyno-Mite stock as the customer will permit, and invest the proceeds in high yielding common and preferred stocks
Explanation:
Given that, the customer has a "moderate" risk tolerance level and dividend income is at the moment taxed at the preferential rate of 15%, therefore, it is expected that investments in high yielding common and preferred stocks will meet the customer's objective of tax-advantaged income.
Hence, the right answer is Option B. set a minimum and maximum threshold price to liquidate as much of the Dyno-Mite stock as the customer will permit, and invest the proceeds in high yielding common and preferred stocks
Two colleagues working on a classified project are discussing classified information in earshot of unauthorized recipients. Which type of unauthorized disclosure is occurring?
Answer:
Spills
Explanation:
Unauthorized disclosure of information is described as a careless reveal of confidential information to an external party that is not in the position to have an access to such information.
The type of un authorized disclosure in this scenario is Spills. Spill occurs when confidential information is revealed carelessly without intent compared to spying and espionage where spies are engaged to access information. In some situation , the spilling party may not even know that he is revealing information to an external party.
When faced with a number of tight deadlines, Mandy Moore often delegates work collectively. Recently she chose some fairly experienced employees to work on a high-priority project. She was heartened to see that the selected group of employees was having numerous meetings and working hard. However, when she went to check on their progress at the halfway mark in the project schedule, she was shocked to see how little the team had done in the past three weeks. This scenario reflects ________.
Answer:
social loafing
Explanation:
Social loafing is when an individual is less efficient when working within a group unlike working solely. In a social loafing, people in a group tends to be less productive whereas are more productive when working individually.
Lack of motivation is one of the cause of social loafing. When people in a group are not fully motivated, such may result in social loafing hence affect the output turnout. Also, when people in a group are not made to account for their actions and inactions, such would eventually result to social loafing.
Porter, in his diamond model, suggested that there is a strong association between _____ and the creation and persistence of competitive advantage in an industry.
Answer:
Vigorous Domestic rivalry
Explanation:
Porter's diamond model is a model that was developed by Michael Porter. The model is one that attempts to explain the economic success of a nation's industry compared to another nation's.
He postulates that the competitive advantage of a nation's industry is hinged on 4 determining factors. These factors include; factor conditions, demand conditions, related and supporting industries, firm strategy, structure and rivalry.
Cheers.
An overview of the estimated financial impact, including cost of the proposed changes, revenue generated, and staffing impacts to the bureaucracy resulting if the bill passes, is referred to as:
Answer:
legislative fiscal note
Explanation:
The term that is being described in the question is referred to as a legislative fiscal note. This is a requirement under senate rule in order to pass a final vote when reporting any bill or joint resolution. The committee takes and reviews this fiscal not, taking into account all the estimated costs provided by it, in order to determine whether or not the bill will provide more good than what it is costing so they can make their final verdict of whether to pass the bill or not.
"A new client with no other investment assets has just come into an inheritance of $500,000 of ABCD stock, a blue chip company listed on the NYSE. As the adviser to this customer, your IMMEDIATE concern should be:"
Answer:
lack of diversification in the client's account
Explanation:
As a brokerage firm, your immediate concern in this situation should be the lack of diversification in the client's account. This is an incredibly large amount of money and the client has 100% of it invested in a single stock. Seeing since it is a blue-chip company, chances of it being delisted or its price falling sharply are very low but still possible. Still having all your money in a single asset is extremely risky, and every client should be diversified in many assets in order to reduce the portfolio's overall risk.
A person is deemed to be "in the business of selling or renting real estate" if they have in the past ______ months, participates as an agent, other than the sale of his own personal residence, in providing sales or rental facilities or sales or rental services in ________ or more transactions involving the sale or rental of any dwelling or any interest therein, and is the owner of any dwelling designed or intended for occupancy by, or occupied by, _______ or more families.
Answer:
12 months, two, five
Explanation:
As per different Federal Acts in the country, the law defines a person to be in the business of real estate in two categories:
Principal: The one who has minimum experience of twelve months, and has completed at-least 3 transactions of selling or rental facilities.
Agent: This one majorly works for the former principle. As we see, to call himself an agent, he has to have a work experience of 12 months, but in those twelve months he has at-least done 2 activities of sale or renting, or is involved for dwelling facilities designed for providing families or more.
Complete the sentence using the appropriate word.
A person is deemed to be "in the business of selling or renting real estate" if they have in the past 12 months, participates as an agent, other than the sale of his own personal residence, in providing sales or rental facilities or sales or rental services in two or more transactions involving the sale or rental of any dwelling or any interest therein, and is the owner of any dwelling designed or intended for occupancy by, or occupied by, five or more families.
Real estate can be categorized into different types. They are
Residential, Commercial,Industrial,AgriculturalTherefore, Real estate company can be categorized into two:
Principal: Has a minimum of 12 months experience has completed at least three transactionsAgents: Also has at least 12 months experience but number of transactions completed is at least two.Learn more about real estate:
https://brainly.com/question/5053499
Environmental complexity refers to the extent to which managers can understand or predict which environmental changes and trends will affect their businesses. Group of answer choices
Answer: False
Explanation: The complexity of a business environment can be explained as the relationship or correlation between the different variables which exists in a business environment. The interdependence or connection between these variables constitutes the degree of complexity of these variables which in most cases are of utmost importance to businesses as the understanding of these complex connections will enable businesses to come up with schemes, policies and models capable of thriving and aiding business growth.
Hence, the extent to which managers can predict environmental changes does not mean environmental complexity.
Company ABC, based in Tennessee, sources goods from Southeast Asia to take advantage of labor cost savings. This is an example of _____.
Answer:
the globalization of production.
Explanation:
Since company ABC, based in Tennessee, sources goods from Southeast Asia to take advantage of labor cost savings. This is an example of the globalization of production.
Globalization of production can be defined as the process of sourcing goods and services from other countries (locations) around the world in order to take advantage of labor cost savings and quality of other factors of production such as land and capital.
Additionally, globalization can be defined as a strategic process which involves the integration of various markets across the world to form a large global marketplace.
Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.
A substantial revision of the income tax code that made business and personal tax returns much easier to complete would tend to cause which of the following changes in the labor market for accountants?
a. an increase in the demand for accountants
b. an increase in the employment of accountants
c. a decrease in the wage rate of accountants
d. an increase in the number of students choosing to major in accounting
Answer:
c. a decrease in the wage rate of accountants
Explanation:
As a result of the revision that makes personal tax returns much easier to complete, people would no longer need the services of accountants to calculate their tax returns. As a result, the demand for accountants would fall, all other things remaining equal.
The fall in demand would lead to a fall in wage rate of accountants
Please check the attached image for a graph explaining this concept
When some countries increase their imports as a result of worldwide economic growth, other countries must be increasing their:___________
Answer:
export
Explanation:
Import is when goods and services are brought into a country from another country.
If people are buying goods from another country, a country must be selling it to them. The country selling these goods are exporting them.
Export is when a country sells goods to another country.
For example, if US buys cars from Germany. US is importing the cars while Germany is exporting the cars