If structural unemployment is 2%, frictional unemployment is 3%, and cyclical unemployment is 4%, the actual unemployment rate is 3%. Hence, option A is correct.
What is structural unemployment?Examples of structural unemployment include labor markets in manufacturing and the fruit-picking industry. The economy becoming inefficient is one of structural unemployment's key drawbacks.
A type of unemployment known as structural unemployment can endure for a long time and be brought on by demographic or technological developments. Economic downturns or modifications in business conditions that have an impact on the need for labor are the main causes of cyclical unemployment.
Thus, option A is correct.
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Match each term with its related definition by selecting the appropriate definition in the dropdown provided. Terms Definition 1. balanced scorecard 2. centralized organization 3. dupont method4. hurdle rate 5. investment center 6. profit center7. cost center 8. revenue center 9. profit margin 10. return on investment (roi)
Each phrase has a correct answer listed below that is related to the question that was being asked.
What'd you say is an organization?An group is a system of individuals who interact, such as a firm, community group, charity, or union. The term "organization" can be utilized to describe a person, a group, a corporation, or the process of making or developing things.
1. A Money Maker is a facility where the administrator is in charge of managing both revenues and expenditures.
2. A COST CENTER is a location where the administrator is only responsible for cost control.
3. Return on investment (ROI) is calculated as net operating profits multiplied by the average invested assets.
4. An Investment Project is a facility where the administrator is in charge of overseeing expenditures, income, plus asset management.
5. A Money CENTER is a location where the supervisor is in charge of generating revenue.
6. The Cost Of capital is the project's minimum needed rate of returns.
7. Centrally controlled ORGANIZATION - An company in which senior managers lead the majority of the choices and assign the responsibility of putting those decisions into practice to others.
A monitoring and evaluation method that uses both trailing and leading indicators is known as a "ratio analysis."
9. The DuPont Method is a performance test method that examines profit margin and investment volatility to better understand the root reasons.
10. PROFIT MARGIN: The percentage of sales revenue to operating income.
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One of the goals of the Stage-Gate process is to quickly identify and eliminate projects that will lead to a poorly performing product. * True or False.
The above statement is correct. One of goals of the Step procedure is to swiftly identify and remove initiatives that would result in a subpar outcome.
What is a project described as?A project is just a collection of tasks that must be finished in favor to achieve a certain goal. A project may likewise be described as a collection of inputs and results necessary to accomplish a certain aim. Projects can span from simple to sophisticated and may be overseen by one individual or a hundred.
What are projects for students?A research where a student investigators (individually or as a group) collects or analyzes material in a systematic way, typically for learning goals, is referred to as a college project.
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Gaiwan, an island nation, is able to increase its soy production without having to compromise on the production of other materials. This is in contrast to other nations that need to lower the production of other materials to increase their textile production. In this scenario, Gaiwan has a _____ in textile production.
Group of answer choices
comparative advantage
positive balance
trade surplus
balance of payments surplus
Answer: Comparative Advantage!
Explanation:
Comparative advantage - Gaiwan has a comparative advantage in textile production because it is able to produce more textiles without sacrificing the production of other goods. This means that Gaiwan can produce and export more textiles than other nations, making it more competitive and allowing it to capture a larger share of the market.
Directions: Summarize the main ideas by answering the questions below.
Suppose you choose a career as a carpenter. You want to sell the wood products you make in the most
profitable way possible, and you want to reach as many customers as you can. Where would you sell your
goods to maximize your profits? What are the advantages and disadvantages of opening your own store?
What are the advantages and disadvantages of selling your products on the Internet via an e-commerce
website?
To maximize profits as a carpenter selling wood products, one could sell their goods through various channels such as opening their own store or selling products on the Internet via an e-commerce website.
Advantages of opening one's own store include having control over the pricing and display of products, the ability to build a local reputation, and the potential for a steady stream of foot traffic. However, disadvantages may include high overhead costs, limited reach, and competition with other local stores.
Advantages of selling products on the Internet via an e-commerce website include a wider reach and potential for a larger customer base, lower overhead costs, and the ability to reach customers at any time. However, disadvantages may include the need to compete with a large number of other online retailers, difficulties in establishing trust with customers, and the potential for technical issues with the website.
fill in the blank. ___ extreme efficiency comes at a cost of terrible inequality, while perfect equality comes at a cost of terrible inefficiency. however, there are cases where there is no efficiency cost to increased equality.
In economics extreme efficiency comes at a cost of terrible inequality, while perfect equality comes at a cost of terrible inefficiency.
"In economics," as this statement is a commonly recognized principle in the field of economics. The statement suggests that there is often a trade-off between efficiency and equality in economic systems. In some cases, the pursuit of one objective can come at the expense of the other.
However, it is possible that increasing equality does not necessarily come at the cost of efficiency, especially if the inequality is the result of market failures or systemic injustices. In these cases, redistributive policies that increase equality can lead to greater efficiency and economic growth, rather than inefficiency.
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suppose an article included the accompanying data on airline quality score and a ranking based on the number of passenger complaints per 100,000 passengers boarded. in the complaint ranking, a rank of 1 is best, corresponding to fewest complaints. similarly, for the quality score, lower scores correspond to higher quality.
It seems that the article is providing data on airline quality scores and rankings based on the number of passenger complaints per 100,000 passengers boarded.
The complaint ranking assigns a rank of 1 to the airline with the fewest complaints, indicating better performance in terms of handling customer complaints. On the other hand, the quality score assigns lower scores to airlines with higher quality, indicating that lower scores correspond to better quality. It is not clear from the information provided what the actual scores or rankings are for specific airlines, so it is difficult to draw any conclusions about the relative performance of different airlines. However, the information does suggest that the article is attempting to provide readers with a way to compare the quality and performance of different airlines based on two different metrics: the number of passenger complaints and an overall quality score.
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One dimension of Quality is product Performance. Match the customer expectation result with the different performance relationship:
A - Meets
B - Exceeds
C - Does not meet
1 - Performance > Expectations
2 - Performance < Expectations
3 - Performance = Expectations
Meets- option (1)
Exceeds - option (3)
Does not meet -option (2)
What is meant by One-dimensional space ?There are a number of structures in algebraic geometry that, although they are referred to by other names, are actually one-dimensional spaces. One-dimensional vector space over itself is a field k.
An analogous one-dimensional space exists for the projective line over k. The complex projective line P1(C), often known as the Riemann sphere, is one-dimensional with regard to C in particular if k = C, the complex numbers.
A ring is, more specifically, a length-one module over itself. The projective line over a ring is a one-dimensional space over the ring in a similar way. Even if the algebra has higher dimensions,
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The sum of direct materials and direct labor equals ______ costs and the sum of direct labor and manufacturing overhead equals ______ costs.
The sum of direct materials and direct labor equals prime costs and the sum of direct labor and manufacturing overhead equals conversion costs.
Prime cost refers to the total cost of direct materials and direct labor required to produce a product or provide a service. It is a critical component of calculating the total cost of production for a business.
In manufacturing, the prime cost includes the cost of all raw materials and labor required to produce a finished product. This may include the cost of materials, such as wood, steel, or plastic, as well as the cost of labor required to operate machinery and complete the manufacturing process.
Conversion cost refers to the total cost of direct labor and manufacturing overhead required to convert raw materials into a finished product. It is a key cost component of the total cost of production for a manufacturing company.
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which of the following are variables that are typically used in psychographic segmentation? (check all that apply.)
Personality, Lifestyle, Social Status, AIO (Activities, Interests, Opinions), and Attitudes are the five psychographic segmentation characteristics on the basis of which homogeneous segments can constructed appropriate research.
What three categories would you place psychographics under?Psychographics are categorized into three different categories. The three primary categories of psychographic information are interests, actions, and opinions. That too can be broken down into subcategories. (Attitudes and opinions differ slightly from lifestyle and behavior and activities from each other.)
What exactly is psychological market segmentation?In order to market effectively, psychographic segmentation splits consumers into groups based on internal traits such as personality, values, and beliefs as well as lifestyle, attitudes, and interests. You must consider your customers as individuals and go beyond how they relate to your brand.
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According to Henri Fayol's fourteen principles of management, which of the following is true of unity of direction?Employees must put the organization's interests and goals before their own.There should be no overlapping responsibilities for the employees in an organization.One person and one plan should be used in deciding the activities to be carried out.All employees should report to and receive orders from just one boss.
Option (c), One person and one plan should be utilized to decide the tasks to be carried out, is true of unity of direction, according to Henri Fayol's fourteen management principles.
What is the scientific term for Henri Fayol theory?The English version of the 1916 book "Administration industrielle et générale," "General and Industrial Administration," was published in 1949, and it helped Fayol's work become more widely known. This article provided an overview of Fayol's management theory, sometimes known as Fayolism.
What is the idea of unity of movement?Purpose unification For a group of activities with the same purpose, this principle's core idea is "One unit and one strategy." It implies that a single leader and a single plan should be in place for a group of activities working toward a common objective.
According to this Henry Fayol management theory, the tasks that need to be completed should be set up such that team members can cooperate while working under a single plan and answering to a single boss.
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T/F a reasonable person standard determines whether a person could have avoided suffering harm from another's allegedly negligent act.
The given statement "a reasonable person standard determines whether a person could have avoided suffering harm from the another's allegedly negligent act" is false. Because A reasonable person standard is a legal standard that determines how a hypothetical "reasonable person" would behave in a given situation.
It is used in tort law to determine whether a person has acted negligently or recklessly. The standard asks whether the conduct of the person being sued was reasonable under the circumstances, and whether a reasonable person in the same situation would have acted differently, thereby avoiding the harm suffered by the plaintiff.
However, the reasonable person standard is not used to determine whether a person could have avoided suffering harm from another's allegedly negligent act. The focus of the standard is on the behavior of the defendant, not the plaintiff. The plaintiff's conduct may be taken into account, but only to the extent that it affects the defendant's conduct or the reasonableness of the defendant's actions in response to the plaintiff's conduct.
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This monetary policy action decreases demand for goods and services in the economy, leading tohigher prices for products. in the short run, the change in prices induces firms to produce goods and services. this, in turn, leads to a unemployment level. Based on this analysis, the economy faces the following trade-off between inflation and unemployment: lower inflation leads to ________
Based on this analysis, the economy faces the following trade-off between inflation and unemployment: lower inflation leads to Contractionary.
Monetary coverage is the macroeconomic policy laid down through the relevant financial institution. It entails management of money supply and hobby fees and is the demand aspect of monetary coverage used by the authorities of a rustic to obtain macroeconomic objectives like inflation, intake, growth, and liquidity.
Financial policy is the policy followed via the monetary authority of a state to control both the hobby price payable for terribly quick-time period borrowing (borrowing by using banks from every different to meet their quick-time period wishes) or the cash delivery, often as a try to lessen inflation or the interest charge, to make certain rate balance and preferred to consider of the price and stability of the state's forex. similarly, the functions of an economic policy are usually to contribute to the stability of the gross home product, to attain and hold low unemployment, and to preserve predictable change quotes with different currencies.
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true/false. two methods can be used to construct a statement of cash flows: the direct method and the indirect method. under the indirect method, data from three financial statements are used.
True . ( There are actually two methods you can use to create a cash flow statement.)
What are the two methods you can use to create a cash flow statement?
There are two ways to create a cash flow statement:
Direct and indirect methods: Direct Method - Operating cash flows are displayed as a list of incoming and outgoing cash flows. Basically, the direct method subtracts the money spent from the money received.
What are the three types of cash flow statements?
There are three types of cash flows that businesses need to track and analyze to determine their liquidity and solvency:
Cash flow from operating activities, cash flow from investing activities, and cash flow from financing activities. All three are included in the company's cash flow statement.
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Liam needs to calculate the monthly payment for a loan to purchase the Charles Street property. Calculate the payment as follows: a. In cel D6, start to enter a formula using the PMT function. b. For the rate argument, divide the Rate (cell D4) by 12 to use the monthly interest rate. c. For the nper argument, use the Term_In_Months (cell D5) to specify the number of periods. d. For the pv argument, use the loan_Amount (cell B8) to include the present value. e. Insert a negative sign (-) after the equal sign in the formula to display the result as a positive amount.
To calculate the monthly payment using the PMT function, follow these steps : -
Select cell D6 where you want to display the result.Enter the following formula using the PMT function:=-PMT(D4/12,D5,B8)
What is a PMT function?The PMT function is a financial function in Excel that calculates the periodic payment for a loan with a fixed interest rate and fixed term. The formula takes into account the present value (or loan amount), the interest rate, and the number of payment periods. The result represents the payment that must be made each period to fully pay off the loan.
In the formula, the arguments are:
D4/12: This is the monthly interest rate calculated by dividing the annual interest rate in cell D4 by 12.
D5: This is the number of periods specified in months, which is the value in cell D5.
B8: This is the present value or loan amount, which is the value in cell B8.
The negative sign in front of the PMT function is used to convert the result to a positive amount, as the payment is considered a cash outflow.
Press Enter to calculate the monthly payment.The formula should return a result that represents the monthly payment needed to repay the loan for the Charles Street property.
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Stallard Corporation is analyzing its controllable costs to see where it can save money in the coming year. All of the following costs be analyzed should . A factory real estate taxes OB. employee raises O paid internship program OD charitable contributions Click to select your answer. Previous 26 A GN ALB
Stallard Corporation should analyze its employee raises and paid internship program as controllable costs to see where it can save money in the coming year.
Controllable costs are the costs that a company has the power to manage and reduce. Employee raises and paid internship programs are both costs that the company has control over and can potentially reduce to save money. For example, the company can consider delaying or reducing employee raises or scaling back on its paid internship program to save costs. On the other hand, factory real estate taxes and charitable contributions may be more difficult to control, as they may be subject to government regulations or contractual obligations. By focusing on controllable costs, Stallard Corporation can identify areas where it can achieve cost savings while still maintaining its operations and achieving its business objectives.
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*primary producers in a lake ecosystem store approximately 25,000 kcal/m2/yr of energy in their biomass. which of the following identifies the most likely amount of energy available to a tertiary consumer in this ecosystem?
25kcal/m2/yr is the most likely amount of energy available to a tertiary consumer in this ecosystem.
What is an ecosystem?An ecosystem is a geographic area where plants, animals, and other organisms, as well as weather and landscape, work together to form a bubble of life. Ecosystems contain biotic or living, parts, as well as abiotic factors, or nonliving parts. Biotic factors include plants, animals, and other organisms. Abiotic factors include rocks, temperature, and humidity. Every factor in an ecosystem depends on every other factor, either directly or indirectly.
A change in the temperature of an ecosystem will often affect what plants will grow there, for instance.
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all else held constant, if the fed was targeting the quantity of money supplied and money demand dropped, the fed would likely_______. if the fed was instead targeting interest rates and money demand dropped, the fed would likely________. multiple choice increase A. the money supply; do nothing B. do nothing; decrease the money supply C. decrease the money supply; do nothing
D. do nothing; increase the money supply E. increase the money supply; decrease the money supply
If the fed was targeting the quantity of money supplied and money demand dropped, the fed would likely do nothing. If the fed was instead targeting interest rates and money demand dropped, the fed would likely decrease the money supply. Thus, option (b) is correct.
What is money?
The exchange of commodities and services is referred to as "money." The currency is the country's currency. Different countries use various currencies. Money is typically represented by paper notes and coins. When compared to the batter system, money is more convenient.
According to the quantity of money supplied, and money demand was the result is do nothing. It was the targeting interest rates and money demand are the result is decrease the money supply.
As a result, the significance of the money are the aforementioned. Therefore, option (b) is correct.
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Copper Enterprises manufactures industrial machinery. It decides to identify the characteristics of a new firm that offers the same products as Copper. In order to assess how it might respond in the face of rival actions, Copper must develop a(n) _____.
A. organizational chart
B. structural graph
C. strategic application
D. competitor response profil
D. It chooses to ascertain the traits of a new company that provides the same goods as Copper. Copper has to create a competitor response profile in order to predict how it would react to competition actions.
How Does a Competitor Analysis Work?Competitor analysis—often referred to as a competitive analysis—is the act of identifying competitors in your industry and examining their various marketing strategies. You can assess your company's benefits and drawbacks by contrasting this information with that of your rivals.
You can do a thorough competition study or focus an in-depth investigation on just one facet of your competitors' business practices. Despite the fact that the main focus of this post is on how to do a general competitive analysis, you should adapt this process to fit the needs and goals of your business.
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Qualitative risk analysis can involve a modeling process called what-if analysis, which allows a project manager to vary one or more element(s) in a model to measure the effect on other elements.T/F
Qualitative risk analysis is a process that helps project managers assess the likelihood and potential impact of identified risks in a project. Hence the sttement is true .
What is Qualitative risk analysis ?One modeling process used in qualitative risk analysis is the what-if analysis, which involves varying one or more elements in a model to measure the effect on other elements.
The what-if analysis is a brainstorming technique that allows project managers to consider different scenarios and identify potential risks and opportunities. It involves asking "what-if" questions to explore the impact of different variables on a project's outcomes.
For instance, a project manager can ask questions like, "what if the project budget is reduced by 10%?" or "what if we miss the project deadline by a month?" to evaluate the potential impact of these scenarios on the project's overall success.
By using the what-if analysis in qualitative risk analysis, project managers can gain a better understanding of the project's risks and develop effective risk response strategies to mitigate them.
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What are the holding period and the annualized compounded returns if you buy a stock for $50 and sell it for questions. Round your answers to the nearest whole number Holding period return: ____%
Annualized compounded return: ____%
The protecting length return, or HPR, is the complete return from profits and asset appreciation over a period of time expressed as a percentage. The retaining period return components is: HPR = ((Income + (end of period price - unique value)) / unique value) * 100.
What is protecting period return?The Holding Period Return (HPR) is the whole return on an asset or investment portfolio over the length for which the asset or portfolio has been held. The preserving period return can be realized if the asset or portfolio has been held, or anticipated if an investor solely anticipates the buy of the asset.
The important elements of holding duration return are income element and capital grasp component.
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https://brainly.com/question/20383546#SPJ1FILL THE BLANK Another factor influencing business ethics is _____, or what is fair according to prevailing standards of society.
Another factor influencing business ethics is "fairness"or what is fair according to prevailing standards of society. Fairness is an important component of business ethics.
It helps to ensure that companies are treating their stakeholders - including employees, customers, shareholders, and the broader community - in an equitable and just manner. Business practices that are perceived as unfair, whether in terms of pricing, labor practices, or environmental impact, can lead to reputational damage, legal and regulatory scrutiny, and a loss of trust among consumers and other stakeholders. Therefore, it is important for companies to consider the concept of fairness when making ethical decisions and to align their practices with prevailing social standards.
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Daniel's failure to deliver ice cream makers and waffle makers on time resulted in a 2-week delay in the opening of Sheena's new ice cream parlor. Sheena incurred a heavy loss since she had to pay for the rent for those two weeks, as well as the salaries to the personnel hired. Which of the following damages can Sheena claim from Daniel for breach of contract?
a. Liquidated
b. Consequential
c. Illusory
d. Nominal
e. negotiated
Consequential damages can Sheena claim from Daniel for breach of contract. Thus, option B is correct.
What is the contract?A contract can be termed between two or more parties present and they are the ones who will be entering into contact with set policies. These parties are bound by the draft to deliver what is agreed upon and written in the contract.
Consequential damages that Sheena had incurred suggested that the loss was not pre-determined in the contract and cannot be predicted. This is a condition in which the ice cream parlor shared some kind of loss.
Therefore, option B is correct.
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true/false. in the horizontal model representation of the financial statements, the arrow going from net income to stockholders' equity means that net income affects the account within stockholders' equity.
The arrow going from the net income to the stockholders' equity means that the net income affects the retained earnings account within the stockholders' equity.
A horizontal model is a financial analysis technique used to evaluate an organization's performance over time.
By comparing financial results from previous periods to more recent financial results, organizations can better understand the direction of change in account balances and the extent to which those changes have occurred.
In horizontal mode, the arrow from net income to equity is an indicator that net income affects the retained earnings account within equity.
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Complete question:
In the horizontal model representation of the financial statements, the arrow going from net income to stockholders' equity means that the net income affects the ___________ ____________ account within stockholders' equity.
You work for a brokerage firm. Your boss asked you to analyze Blue Parrot Manufacturing's performance for the past three years and to write a report that includes a benchmarking of the company's performance.
Which of the following components would be best for you to include in your financial statement analysis?
A comparison of the firm's performance with other firms in the same industry based on their financial ratios
To effectively benchmark a company's performance, it is advised to calculate financial ratios and analyze comparative trends in the company's financial position and performance over a given period of time frame.
The analyst responsible would need to be able to follow trends and developments over period of time in order to have a better understanding of the firm's financial trajectory. The firm's relative competitiveness must be then assessed by comparing it to other manufacturing-related companies.
The role of an auditing firm is to assess the company's financial statements. The analyst would rely on the audit report to verify the accuracy of the pertinent financial data rather than attempt to conduct an audit himself.
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review the statements below and select the one which is correct regarding the effect that reversing entries have on financial statements. multiple choice question. A. expenses and liabilities will be higher when reversing entries are used. B. assets and revenues will be lower when reversing entries are used. C. net income will be higher, but total assets will be lower. D. financial statements are unaffected by the choice to use or not use reversing entries.
The net income will rise even as the total assets decline. Assets and revenues will be lower when using reverse entries. Hence, choice c is the appropriate one of given question.
Which of the following statements best encapsulates the sequence in which the financial statements should be prepared?An income statement, a statement of stockholders' equity, a balance sheet, and a statement of cash flows are all acceptable answers.
Which of the following could be undone during the next financial reporting period?Entries for accruing earnings, unearned revenues, prepaid expenses, and accrued expenses may be reversed at the start of the period.
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Secured debt usually has
Olonger loan terms
Olower interest rates
Ocollateral
O all of the above
(1 point)
Secured debt usually has D. All of the above.
What is secured debt ?Secured debt refers to debt that is backed by some form of collateral, such as a property or a piece of equipment. Since the loan is secured, the lender is less likely to experience a loss in the event that the borrower defaults on the loan.
As a result, lenders are usually willing to offer lower interest rates and longer loan terms for secured debt. Additionally, the use of collateral can increase the perceived stability of the loan, making it more attractive to investors.
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Chekov Company has two support departments, Human Resources and General Factory, and two producing departments, Fabricating and Assembly. Support Departments Producing Departments Human Resources General Factory Fabricating Assembly Direct costs $150,000 $360,000 $120,900 $86,000 Normal activity: Number of employees — 60 45 80 Square footage 1,500 — 6,000 14,000 The costs of the Human Resources Department are allocated on the basis of number of employees, and the costs of General Factory are allocated on the basis of square footage. Chekov Company uses the direct method of support department cost allocation.
The total cost allocated to Fabricating is $220,500 and the total cost allocated to Assembly is $452,000.
What is Human Resource?The department of a company tasked with discovering, selecting, hiring, and training job applicants is known as human resources (HR).
For Human Resources:
Cost per employee = Total cost / Allocation base
Cost per employee = $150,000 / 60
Cost per employee = $2,500
For General Factory:
Cost per square footage = Total cost / Allocation base
Cost per square footage = $360,000 / 20,000
Cost per square footage = $18
For Fabricating:
Cost allocated from Human Resources = Cost per employee x Number of employees in Fabricating
Cost allocated from Human Resources = $2,500 x 45
Cost allocated from Human Resources = $112,500
Cost allocated from General Factory = Cost per square footage x Square footage of Fabricating
Cost allocated from General Factory = $18 x 6,000
Cost allocated from General Factory = $108,000
For Assembly:
Cost allocated from Human Resources = Cost per employee x Number of employees in Assembly
Cost allocated from Human Resources = $2,500 x 80
Cost allocated from Human Resources = $200,000
Total cost allocated to Assembly = Cost allocated from Human Resources + Cost allocated from General Factory
Total cost allocated to Assembly = $200,000 + $252,000
Total cost allocated to Assembly = $452,000
As a result, the entire expense for fabricating is $220,500, while the total expense for assembly is $452,000.
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(Cournot Duopoly) Two firms, A and B, are in Cournot (quantity) competition making identical products. Each firm has zero fixed cost and constant marginal cost of $10 per unit of output. The market price is given by P = 130 – Q, where Q = QA +QB. a) (4pts) Find Firm A's best response function, i.e. optimal output QA as a function of QB. Hint: write Firm A's profit as a function of QA and QB, then take derivative with respect to Qa! b) (3pts) Use symmetry to find Firm B’s best response function. Then combine the two best response functions to find Cournot-Nash equilibrium (QAQB). c) (3pts) How much is the price at equilibrium? How much profit each firm makes in equilibrium?
Firms A and B, in Cournot competition with zero fixed cost and constant marginal cost of $10 per unit, reach a Cournot-Nash equilibrium of QA = QB = 40, with a market price of $50 and each firm making a profit of $1,600.
To find Firm A's best response function, we need to find the quantity that maximizes Firm A's profit, given Firm B's output QB. Firm A's profit function is:
πA = (P - 10)QA = (130 - QB - 10)QA = (120 - QB)QA
Taking the derivative of this with respect to QA and setting it equal to zero to find the maximum, we get:
dπA/dQA = 120 - 2QA - QB = 0
2QA = 120 - QB
QA = (1/2)(120 - QB)
Therefore, Firm A's best response function is QA = (1/2)(120 - QB).
Since the two firms are symmetric, Firm B's best response function will be the same as Firm A's, but with the roles of A and B reversed:
QB = (1/2)(120 - QA)
To find the Cournot-Nash equilibrium, we need to find the output levels that satisfy both firms' best response functions. Substituting Firm B's best response function into Firm A's, we get:
QA = (1/2)(120 - (1/2)(120 - QA))
QA = 40
QB = (1/2)(120 - QA)
QB = 40
Therefore, the Cournot-Nash equilibrium is QA = QB = 40.
The total quantity produced at equilibrium is Q = QA + QB = 80. Substituting Q into the market price equation, we get:
P = 130 - Q = 130 - 80 = 50
Therefore, the price at equilibrium is $50 per unit. To find each firm's profit at equilibrium, we need to plug QA = QB = 40 and P = 50 into their profit functions:
πA = (50 - 10)(40) = $1,600
πB = (50 - 10)(40) = $1,600
Therefore, each firm makes a profit of $1,600 at the Cournot-Nash equilibrium.
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pravalt insurance company, a proprietary insurer is concerned about meeting their insurer goal of earning a profit. ceo emily has asked for suggestions from her management staff to meet this goal. which one of the following suggestions from her staff will most effectively achieve this goal?
Option (A), Elin, the Actuarial Manager, proposes that the product be priced competitively on the market and in line with its risk.
What does it mean to have a competitive price?Competitive pricing involves proactively deciding on price points for your goods or services based on competitors pricing in your market or niche, as opposed to basing prices merely on business costs or desired profit margins.
What benefits can be derived from markets with low prices?A competitor-based pricing strategy, particularly one that includes price matching or loss leader pricing, can help businesses steal market share from competitors. To discover the best deal, savvy consumers frequently check costs, whether they are online or in-store.
What effects do consumer prices on the market have?Since consumers will pay more for a product and manufacturers will make more money from it the more in demand a toy is, competition determines the market price (due to competition among purchasers).
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The complete question is:
Pravalt Insurance Company, a proprietary insurer is concerned about meeting their insurer goal of earning a profit. CEO Emily has asked for suggestions from her management staff to meet this goal. Which one of the following suggestions from her staff will most effectively achieve this goal?
(a). Actuarial Manager, Elin suggests their product be priced competitively in the market and appropriately for their risk.
(b). HR Manager, Daniel advises that the product be valued higher than its rivals because to its superior quality.
Which of the following lists the four methods used to assign costs to inventory and to cost of goods sold?
FIFO, LIFO, weighted average and specific Identification
First-In, First-Out (FIFO), Final, First-Out (LIFO), Unique Identification, and Weighted Average Cost are the four main techniques for valuing inventory.
What do you mean by inventory?Inventory refers to all the products, services, and supplies that a business keeps on hand with the intention of reselling them for a profit. If a paper seller uses a vehicle to ring doorbells to customers, just the magazines will be considered stock. This vehicle will be considered as an asset.
What is difference between stock and inventory?In summary, finished things are referred to as stock when they are readily available for purchase, while components that are used to create a finished good are referred to as inventory. In other words, all stock is not inventory, but all inventory is stock.
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