Answer:
Process Costing
Explanation:
Process Costing allows so many units to be in production at the same time which are identical. The cost of each unit can be determined by calculating the average price using to total units produced.
Trey has $5.00, he needs gas and he needs to eat lunch. He can only do one for $5.00 not both or part of both. Trey buys gas to go home. What is his opportunity cost? What is the alternative not chosen by trey?
Answer:
Tray's opportunity cost is not being able to purchase lunch, the alternative tray decided not to take would I assume to be just getting gas and to eat at his house.
The opportunity cost of buying gas is Trey would not be able to eat lunch. The alternative not chosen by Trey is eating lunch.
What is opportunity cost ?The value or advantage forfeited by engaging in a specific activity in comparison to engaging in an alternative activity is known as the opportunity cost of that activity. More effective implies that you forfeit the chance to engage in a different activity if you choose one.
Opportunity costs are the possible advantages that a person, investor, or company forgoes while deciding between two options. Opportunity costs are by definition invisible, making it simple to ignore them.
When the value of the next best alternative is computed and the alternative chosen, the term "opportunity cost" is used to explain it best.
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A firm's cost of equity is 22%. Its before-tax cost of debt is 13% and its marginal tax rate is 21%. The firm's capital structure calls for a debt-to-equity ratio of 45%. Calculate the firm's cost of capital
Answer:
WACC= 17.95%
Explanation:
Weighted average cost of capital is the average cost of all of the long-term types of finance used by a company weighted according to the that amount of finance used in relation to the total pool of fund.
It is calculated using the formula below:
WACC = (We×Ke) + (Wd×Kd)
Ke-cost of equity- 22%
We- equity weight- 100% - 45% = 55%
Kd-After tax cost of debt-10.3%
Wd- 45%
After tax cost of debt = Before tax ×× (1- tax rate)
After tax cost of debt = 13%× (1-0.21) = 10.3%
Cost of equity = 22%
WACC =(0.55× 22%) + (0.45× 13%)=17.95%
WACC= 17.95%
You only have $10 to spend for the week. You decide to spend $8 on a movie instead of buying an $8 pizza. a. What is the scarce resource? Why is this the scarce resource? b. What are the two potential choices you had? c. What is the opportunity cost of the choice you made?
Answer:
[See Below]
Explanation:
* The scarce resource would be 10$.
- Why? Because it's limited.
* The two choices you had were an 8$ movie or an 8$ pizza.
* The opportunity cost was 8$ and having 2$ left.
The basic considerations for setting prices on goods that are traded across borders does not include:
Answer:
The answer is below
Explanation:
Since there are no options available, here are the eight basic considerations for setting prices on goods that are traded across borders.
1. The pricing alternatives that are available if the firm's costs increase or decrease and are demand in the international market elastic or inelastic?
2. should vary with the market segment?
3. Is the price competitive in comparison with the local market conditions?
4. How about the foreign country's dumping laws, will it be problematic?
5. Does the price indicate the product's quality?
6. Analysis of the various forms of discounts such as trade, cash, quantity, and allowance like Advertising, and trade-off, the firm will offer its international customers should be considered.
7. The firm should also consider pursuing any of the marketing objectives such as market penetration, market skimming
8. Will there be special scrutiny as to the firm's prices by the host country government on whether the price is reasonable or exploitative?
Seller Deangelo agreed to mediate the radon gas problem in his basement within 31 days. It has been 31 days and he still has not addressed the issue. What is the current status of the sales contract?
Answer:
Deangelo has defaulted on the contract.
Explanation:
A party to a contract is said to have defaulted on a contract when a non material breach of a contract occurs. One of the parties to the contract fails to meet his obligations.
So the failure to do what is expected within a given time frame will result in default of the contract. The contract can now be cancelled.
In the given instance DeAngelo had an obligation to mediate the radon gas problem in his basement within 31 days.
He has failed to do this at the end of 31 days so he has defaulted on the contract
Wright Company's cash account shows a $28,900 debit balance and its bank statement shows $27,200 on deposit at the close of business on May 31. The May 31 bank statement lists $170 in bank service charges; the company has not yet recorded the cost of these services.Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on May 31, 2013, its Cash account shows a $28,900 debit balance. The company’s May 31 bank statement shows $27,200 on deposit in the bank.a. The May 31 bank statement included a $170 debit memorandum for bank services; the company has not yet recorded the cost of these services.b. Outstanding checks as of May 31 total $6,300.c. May 31 cash receipts of $6,900 were placed in the bank’s night depository after banking hours and were not recorded on the May 31 bank statement.d. In reviewing the bank statement, a $470 check written by Smith Company was mistakenly drawn against Wright’s account.e. A debit memorandum for $460 refers to a $460 NSF check from a customer; the company has not yet recorded this NSF check.Prepare a bank reconciliation for the company using the above information.
Answer: Please find answer in the explanation column
Explanation: A bank Reconciliation statement is one that shows a record ensuring a company's bank financial records corresponds with its financial book records and adjust any discrepancies found.
Bank reconciliation for the Wright company as of May 31st
Ending balance according to Bank statement $27,200
Add:
Deposit made $6,900
Bank error $470
$34,570
Deduct:
Outstanding checks ($6,300)
Adjusted bank balance $28,270
Ending balance according to Book statement $28,900
Add:
Deduct:
Bank Service Charge ($170)
NSF check ($460)
Adjusted book balance $28,270
Sustainable development refers to _____. a. economic activities that do not threaten the environment b. an increase in the number of business firms that indulge in greenwashing c. a change in the environment of a species d. a steady increase in the utilization of conventional energy sources e. reversal of the damage caused by humans in an attempt to save the planet
Answer:
A
Explanation:
The Brundtland Report defines Sustainable development as "development that meets the needs of the present without compromising the ability of future generations to meet their own needs."
In order to test a new customer loyalty program, a supermarket sends an email to its current customers in one of its regions of operation, inviting them to opt into the new program. After several months, management observes that participants in the new program are much more frequent shoppers than the average customer. Which of the following can management conclude from this experiment? Introducing the new loyalty program in all of its regions of operation will boost sales in the future.
Available Options Are:
A) Introducing the new loyalty program in all of its regions of operation will boost sales in the future.
B) The new loyalty program has boosted sales among its test participants.
C) Sales to customers that did not opt into the loyalty program have decreased.
D) None of the above
Answer:
Option A. Introducing the new loyalty program in all of its regions of operation will boost sales in the future.
Explanation:
Option A is correct because the purpose of introducing loyalty program was to increase its sales which loyalty program has significantly increased. Hence the conclusion from the experiment must be that the company must introduce customer loyalty programs in all of its branches to increase its sales significantly.
Option B is incorrect because it was the result of loyalty program not what we must conclude from the result.
Option C is also incorrect because the purpose of loyalty program was that the company was willing to increase sales by only attracting potential customers who are frequent shoppers and now due to loyalty program, they will buy more from our shops. Hence it will not impact the other customers.
Select the components of a market analysis.
a. the consumption process of potential customers
b. the economic, physical, and technological environment
c. the organization's own capabilities
d. the capabilities of current and future competitors
e. an understanding of injurious consumption
Answer:
All of the above except option e.
Explanation:
To gain success and growth is the motto of every business, for this it is very important for a company to analyse the market properly, this shall include:
i) Knowing your customers properly, knowing the targeted audience of the product or service provided by the company.
ii) The company shall accurately analyse the environment in which it runs, this includes all the factors, physical, economical, or technological or political etc:
iii) The company shall analyse its own capabilities properly and evaluate the areas where it needs to work even more.
iv) Knowing your competitors is very important as it provides for the ongoing and upcoming challenges, a business shall face.
The Duffy Design Group demonstrated the effectiveness of graphic design in its label for ________ , which helped increase sales in spite of a small advertising budget.
Answer:
Classico spaghetti sauce
Explanation:
Since in the question it is mentioned that the Duffy Design Group represents the graphic design effectiveness for labeling the product i.e. Classico spaghetti sauce due to which the company is able to accomplish its target share and capture the maximum share in the market place rather having the less advertising budget
Therefore it is a Classico spaghetti sauce product
2. Most union electricians launch their careers by enrolling in a(n) _______ program, which combines on-the-job training with classes taught by experienced electricians.
Answer: apprenticeship
Explanation:
Apprenticeship program is a program whereby a worker will be trained so that he or she will become skilled in a certain trade.
Most union electricians launch their careers by enrolling in an apprentice program, which combines on-the-job training with classes taught by experienced electricians
When a company attempts to determine what type of employees it needs to meet its objectives as well as the number of employees it will need, it is in the process of
Answer:
Human Resource Planning
Explanation:
Human Resource Planning in management can be explained as the process whereby human resources manager use to make all resources needed for an organization to succeed in their production of product/ services whether now or in the future, it can be in terms of having the best employee they needed, making the kind of skills needed to be available and otheres.
Therefore, according to the question, Whenever a company attempts to determine what type of employees it needs to meet its objectives as well as the number of employees it will need, it is in the process of Human Resource Planning.
The process of Human Resource Planning includes the various attempts to determine what type of employees are needed to meet objectives as well as the number of employees.
The function of the Human Resource Planning are performed by the firms' human resources manager.
The Human Resource Planning entails the firms' plan that identifies the current and future human resources which are in needs for an organization to achieve its goals.
In conclusion, the process of Human Resource Planning includes the various attempts to determine what type of employees are needed to meet objectives as well as the number of employees.
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One weakness of the cost approach for appraising market value is that:________
a. builders may not pay market value for materials or labor.
b. market value is not always the same as what the property cost.
c. comparables used may not have similar quality of construction.
d. new properties have inestimable costs and rates of depreciation.
Answer: b. market value is not always the same as what the property cost.
Explanation: In the process of property valuation in real estate, potential users or buyers have to appraise a property before they make offers, this will enable them know the value and the reasonable price to offer. One of such method of appraisal is the cost approach which is based on the basis that, a property shouldnt be purchased by a buyer at a price beyond the cost of erecting an equivalent structure. Of the options listed above, using the notion of not paying beyond the cost of erecting a similar building could be considered a weakness in f the approach in situations whereby the market value of the property is not the same as the value of the property. The market value of a property could be influenced by different factors including seasonality, changes in geography or terrain and so many other factors which may influence the value of an asset which might not affect the real cost of the property. Hence, the discrepancy.
Suppose the economy is initially in long-run equilibrium. The Fed enacts a policy to . In the short-run, this expansionary monetary policy will cause:
Answer:
A shift from AD 1 to AD 2 and a movement to point B, with a higher price level and higher output.
Explanation:
The above is what the expansionary monetary policy of the Federal government will cause in a situation where a policy was introduced on a short-run.
When presenting solutions, Chris (a salesperson)often has to handle buyer resistance. Chris should think of buyer resistance as a(n)___________ event.
A) Negative
B) Unimportant
C) Positive
D) A buyer initiated challenge (BIC)
E) Show stopper
Answer:
C) Positive
Explanation:
Since in the question it is mentioned that while presenting the solutions, Chris who is a sales person handles the buyer resistance also the Chris think that the buyer resistance is a positive event
Therefore in the given scenario, the option c is correct as it does not meet all other available options
hence, the correct option is c.
Which type of agreement assures that a broker will receive compensation regardless of who procures the buyer?a. Net listingb. Exclusive right to sellc. Open listingd. Exclusive agency
Answer: b. Exclusive right to sell
Explanation:
An authoritative understanding under which the posting merchant goes about as the operator or as the lawfully perceived non-organization illustrative of the seller(s), and the seller(s) consents to pay a commission to the posting dealer, whether or not the property is sold through the endeavors of the posting intermediary, the seller(s), or any other individual; and an authoritative understanding under which the posting specialist goes about as the operator or as the legitimately perceived non-office illustrative of the seller(s), and the seller(s) consents to pay a commission to the posting agent whether or not the property is sold through the endeavors of the posting representative, the seller(s), or any other person, then again, actually the seller(s) may name at least one person or elements as exclusions in the posting understanding and if the property is offered to any absolved individual or element, the seller(s) isn't committed to pay a commission to the posting specialist
What did people learn to do with seeds?
Answer:
People learned to plant seeds to make crops to survive on.
Explanation:
Which of the following statements is correct? Managers will be more likely to pursue projects that will benefit the entire company when being evaluated on ROI instead of residual income. A manager might reject a proposal using ROI that the manager would accept using residual income. A project that is not acceptable usi
Answer:
A.Incorrect
B. Incorrect
Explanation:
a) A manager might reject a proposal using ROI that the manager would accept using residual income
The statement is incorrect. The reverse is true. Using ROI entails the manager comparing the ROI after a project to the ROI before, where implementing a project makes the ROI after to be less than what it before the project, the Manager would most likely not implement the project. This would happen notwithstanding that the project produces positive residual income.
b) Managers will be more likely to pursue projects that will benefit the entire company when being evaluated on ROI instead of residual income.
This statement is incorrect. ROI makes the manager to pursue his own interest and that of its division at the expense of the group objectives. It leads to sub-optimal decision
To provide excellent customer service to those in the electrical industry through the use of high-tech solutions is an example of a:__________. A) work structure. B) goal C) mission D) code of conduct E) vision
Answer:
C) mission
Explanation:
The statement provided in the question is an example of the company's mission. A mission statement is a short statement explaining why an organization exists, and what it is intending to accomplish as its overall goal. Many times this statement may also include what kinds of products or services it provides, its primary customers or market, and its geographical region of operation. In this statement, they provided their overall goal, target market, and their products.
It is more common to see rewards tied to performance indicators as opposed to seniority or loyalty in companies whose cultures are:
Answer: outcome oriented
Explanation:
It is more common to see rewards tied to performance indicators as opposed to seniority or loyalty in companies whose cultures are outcome oriented.
For outcome-oriented cultures, the managers and the workers are being held accountable for the success of the organization and hence the employees are usually rewarded based on their performance and to also motivate them.
YUM!, one of the world's largest restaurant companies, has a variety of brands, including KFC, Pizza Hut, and Taco Bell. Each one operates independently and is responsible for its own performance. Each has a separate CEO responsible for managing its supply chain, marketing, and R&D). Knowing this, how does YUM organize its structure?
a. Decentralized with autonomous sub-unit
b. Strong centralization
c. Organizational controls d
. Matrix structure
Answer:
a. Decentralized with autonomous sub-unit.
Explanation:
YUM organizes its Decentralized structure with an autonomous subunit.
It is possible to affirm based on the information offered by the question, since a decentralized company is one whose decision-making process occurs in a more flexible way, that is, it is not taken only by a leader. This gives the advantage of better decision-making by employees who are experiencing the situation up close.
YUM has a variety of brands, each of which operates independently and is responsible for its own performance. Each has a separate CEO responsible for managing its supply chain, marketing and R&D, which confirms that each YUM brand operates autonomously and with its own decisions.
Question 3 of 10
Kristen has been working in a factory for 12 years and no longer wears a
helmet while working. She is experiencing one of the attitudes that commonly
lead people to have workplace accidents. What is she most likely feeling?
A. Anger
B. Overconfidence
C. Distraction
D. Exhaustion
Answer:
Letter B
Explanation:
Overconfidence
Overconfidence is she most likely feeling. As She is experiencing one of the attitudes that commonly lead people to have workplace accidents. Hence, option B is correct.
What is Overconfidence?a cognitive bias that is characterized by an overestimation of one's genuine capacity for performance, by the belief that one does better than others, or by an excessive amount of faith in the truth of one's views. Contrast lack confidence.
Two overconfident actions that someone who thinks their sense of direction is much better than it actually is could display are going on a long trip without a map and refusing to ask for directions if they get lost along the way. Overconfident people think they are far smarter than they actually are.
Arrogance is the quality of being overconfident in one's abilities or prospects of success. Planning ahead can occasionally lead to overconfidence.
Thus, option B is correct.
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Pressing Music, Inc., offers to buy from Digital Media Corporation (DMC) one million blank CDs of a certain quality. Without notifying Pressing, DMC timely ships CDs of a different quality. With respect to the offer and a possible contract, this shipment is
Complete Question:
Pressing Music, Inc., offers to buy from Digital Media Corporation (DMC) one million blank CDs of a certain quality. Without notifying Pressing, DMC timely ships CDs of a different quality. With respect to the offer and a possible contract, this shipment is?
Group of answer choices
a. an acceptance and a breach.
b. an acceptance and an accommodation.
c. an acceptance and complete performance.
d. a rejection and a counter offer.
Answer:
a. an acceptance and a breach.
Explanation:
Since Pressing Music, Inc., offered to buy from Digital Media Corporation (DMC) a million blank certificates of deposits (CDs) of a certain quality, this simply represents an agreement to a deal or contract.
Furthermore, without notifying Pressing, DMC timely ships CDs of a different quality, this in business law is considered to be a breach of an agreement.
An agreement can be defined as a mutual understanding between two or more parties in order to execute a business or contract.
On the other hand, a breach refers to the violation of a binding agreement or a contract which happens when a party fails to deliver in accordance with the terms or its promises.
Hence, with respect to the offer and a possible contract, this shipment is an acceptance and a breach.
when resources are purchased from outsiders through long term contracts instead of being made in house, this process is referred to as +
Answer:
Outsourcing
Explanation:
Outsourcing is a term often used in business relationships that describes a practice in which companies ensures that best candidates are employed for a particular work often contract job, without getting involved in the process of sourcing and appointing internally. It can be used for various operations such as audition works, procurement, planning strategy, etc.
Hence, in this case, the correct answer is OUTSOURCING
In a job order cost accounting system, the journal entry to record the flow of direct materials into production consists of a
Answer:
Debit : Work In Process Account and Credit : Raw Materials Account
Explanation:
The Work In Process Account must be increased with the cost of raw materials being transferred to production from the Raw Materials Account.Whilst the Raw Materials Account must be decreased.
Gary Kelly, CEO of Southwest Airlines, talks to a group of reservation agents to acknowledge their contributions to the company's success.What function of management?
Answer:
leading
Explanation:
The function of management that the CEO is performing in this scenario is known as leading. This function focuses on motivating employees and influencing their behavior to achieve organizational objectives. In this scenario, the CEO of the company is motivating the employees by letting them know that they have been doing a great job and that top management is noticing their efforts which in term will cause them to perform even better with hopes that they will get bonuses or a promotion.
In the theory of consumer choice, when a person is choosing which good or service to consume, how does he or she select the units of good or service to consume
Explanation:
The consumer choice theory corresponds to the variables that lead a consumer to consume a product or service instead of another.
The purchase decision-making process consists of several stages where the consumer identifies a need, searches for available options to satisfy that need and finally, evaluates and chooses the most appropriate purchase option.
This decision is linked to the benefits that the consumer will have with the product in relation to his budget.
ABC Company has issued $20,000,000 of convertible bonds with a coupon of 5% and a current market value of 120. The conversion price is $40. If all the bonds are converted, how many additional shares of common stock will ABC have outstanding
Answer:
Explanation:
k
Professor Green teaches environmental economics at the local university. Students learn that the professor has also written books about labor laws. It is most likely that the professor is:
Answer: c. a microeconomist.
Explanation;
Professor Green writing books about labor laws when taken in isolation is not enough proof that he is a microeconomist because even though labor markets and laws fall mostly under microeconomics, they should also be viewed from a macro level as well considering how unemployment affects the economy as a whole.
However, if Professor Green teaches environmental economics as they indeed do, Green is probably a micro-economist because Environmental economics traditionally falls under Microeconomics.
Consider the following production and cost data for two products, Q and P: Product Q Product P Contribution margin per unit $35 $40 Machine minutes needed per unit 7 minutes 5 minutes A total of 14,700 machine minutes are available each period, and there is unlimited demand for each product. What is the largest possible total contribution margin that can be realized each period
Answer:
Total contribution =$117,600
Explanation:
Whenever a company is faced with a limiting factor i.e a resource in short supply, the company should allocate the resource to the product with he highest contribution per unit of the scare resource .
The business outfit should rank its products using contribution per minute of constraint
This is done as follows:
Product Q P
Contribution margin 35 40
Machine hours /unit 7 5
Contribution /minutes 5 8
Ranking for production 2nd 1st
Note contribution per minute = contribution per unit/minutes required
Allocation of machine hours
All the 14,700 machine hours should be allocated to the production of product P. Doing so would produce a total maximum contribution equals to
Total contribution : machine hours × contribution per machine hr
Total contribution = 8× 14,700 = 117,600
Total contribution =$117,600