The costs for the year just ended is computed as:
Prime costs is $1,387,500, Manufacturing overhead is $ 149,200, conversion cost is $486,700, Product costs is 1,536,700 and Period cost is $189,500.
What is included in the manufacturing overhead?Manufacturing overhead, also known as work overhead, refers to all expenses associated with running a manufacturing company's production facilities that cannot be clearly linked to a specific product. Depreciation of equipment, wages provided to factory employees, and electricity used to power the equipment are common industrial overhead expenses.
Given:
Service department costs= $ 50,000: Period
Direct labor: wages 242,500: Product - DL
Direct labor: fringe benefits 47,500: Product - DL
Indirect labor: fringe benefits 15,000: Product - MOH
Fringe benefits for production supervisor 4500: Product - MOH
Total overtime premiums paid 27,500: Product - DL
Cost of idle time: production employees 20,000: Product - DL
Administrative costs 75,000: Period
The rental of office space for sales personnel 7,500: Period
Sales commissions 2,500: Period
Product promotion costs 5,000: Period
Direct material used 1,050,000: Product - DM
Advertising expense 49,500: Period
Depreciation on factory building 57,500: Product - MOH
Cost of finished-goods inventory at year-end 57,500
Indirect labor: wages 70,000: Product - MOH
Production supervisor’s salary $ 2,200: Product - MOH
First, classify each cost as product/ period, and Direct Material (DM), Direct Labor (DL) and manufacturing overhead (MOH).
A) Prime costs= direct material + direct labor
Prime costs= 1,050,000 + (242,500 + 47,500 + 27,500 + 20,000)
Prime costs= 1,050,000 + 337500= 1,387,500
B) Manufacturing overhead= 15,000 + 4500 + 57,500 + 70,000 + 2,200 = $ 149,200
C) conversion cost= direct labor + manufacturing overhead
CC= 337,500 + 149,200 = 486,700
D) Product costs= DM + DL + MOH = 1,050,000 +337500 +149,200 =
$ 1,536,700
E) Period cost= 50,000 + 75,000 + 7,500 + 2,500 + 5,000 + 49,500 = $189,500
To learn more about manufacturing overhead, visit:
https://brainly.com/question/17052484
#SPJ4
If you deposit $4,800 at the end of each of the next 15 years into an account paying 11.3 percent interest, how much money will you have in the account in 15 years?
How much will you have if you make deposits for 30 years?
If you deposit $4,800 at the end of each of the next 15 years into an account paying 11.3 percent interest, you will have $33,952.07 in the account in 15 years.
Present value of annuity = P[(1+(1 - r[tex])^{-n}[/tex]] / r
Where
Where P is the annual payment, r is the interest rate, and n is the number of compounding periods.
Annuity for 15 years
Annuity present value= 4800 [ ( 1+(1- 0.113[tex])^{-15}[/tex] ] / 0.113
= $33,952.07
30 year annuity
Present value of annuity = 4800 [ ( 1+(1- 0.113[tex])^{-30}[/tex] ] / 0.113
=$40,766.65
The present value of an annuity is the current worth of future annuity payments based on a predetermined rate of return, or discount rate. The higher the discount rate, the smaller the annuity's present value.
Present value (PV) is an important computation that is based on the time value of money idea, which states that a dollar today is more "valuable" in terms of purchasing power than a dollar in the future.
To know more about present value of annuity:
https://brainly.com/question/13369387
#SPJ4
When the tone of a business message is ______, there is an implied interest in the opinions and needs of the audience.
When the tone of a business message is welcoming there is an implied interest in the opinions and needs of the audience.
A business message should be relaxed, friendly, and conversational, whether sent by phone or email. It's crucial that you speak in a warm, engaging tone that motivates the listener to respond.
A crucial aspect of corporate communication is being concise. Try to convey your thoughts or worries in as few words as possible while still being respectful. Avoid utilizing lengthy language, run-on sentences, and repeating content.
To learn more about the business messages, visit the link below:
brainly.com/question/28481185
#SPJ4
Brower corporation owns a manufacturing plant in the country of Oust. On December 31, 20X1, the plant had a book value of $5,000,000 and an estimated fair value of $8,000,000. Oust's government has clearly indicated that it will expropriate the plant during the coming year and will reimburse Brower for only 40% of the plant's estimated fair value.
Required:
What journal entry (if any) should Brower make on December 31, 20X1, to record the intended expropriation? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
The journal entry is Brower make on December 31, 20X1, to record the intended expropriation as: Estimated loss on expropriation of foreign plant (Dr.) and Allowance for estimated loss on foreign plant (Cr.).
What do you mean by Journal Entry?
An entry in your journal serves as a record of a transaction in your company's books. For every transaction, at least two journal entries must be made in double-entry bookkeeping.
A bookkeeper records all of the changes that a transaction can bring about in a firm because they can be rather numerous.
Here,
Estimated loss = 5 million - 3.2 million
Estimated loss = $1.8 million
Therefore, the journal entry is Brower make on December 31, 20X1, to record the intended expropriation as:
Estimated loss on expropriation of foreign plant (Dr.) 1,800,000
Allowance for estimated loss on foreign plant (Cr.) 1,800,000
To know more about the journal Entry, visit:
https://brainly.com/question/20421012
#SPJ1
which of the following explain why the price of water per gallon is lower than the price of a diamond per carat?
Water is typically accessible and so has a low marginal cost as compared to demand. Despite their greater scarcity, diamonds are in high demand and have a relatively high marginal utility.
Water has a lower marginal utility and price than diamonds since people typically drink far more water than they do diamonds. Water has a very low price per gallon since there is a very large supply compared to demand.
Since there is a relatively tiny supply of diamonds compared to the demand, their price is very expensive per carat. Because the marginal utility of water is relatively low, the price is also low. Diamonds cost a lot because their marginal utility is so high.
Learn more about diamond Visit: brainly.com/question/1511659
#SPJ4
Correct Question:
Explain why the price of water per gallon is lower than the price of a diamond per carat?
Use the Tax Tables for taxpayers with taxable income under $100,000 and the Tax Rate Schedules for those with taxable income above $100.000.
Required:
a. A married couple filing jointly with taxable income of $33,691.
b. A married couple filing jointly with taxable income of $202,771.
c. A married couple filing separately, one spouse with taxable income of $44,585 and the other with $56,918.
d. A single person with taxable income of $80,136.
e. A single person with taxable income of $313,471.
f. A head of household with taxable income of $97.292.
g. A qualifying widow with taxable income of $14,719.
h. A married couple filing jointly with taxable income of $11,916.
32% for incomes over $170,050 ($340,100 for married couples submitting jointly); 24% for incomes over $89,075 ($178,150 for married couples filing jointly); 22% for incomes over $41,775 ($83,550 for married couples filing jointly); 12% for incomes over $10,275 ($20,550 for married couples filing jointly).
How do I use IRS tax tables?How tax tables work. ...
Step 1: Determine your submitting status. ...
Step 2: Calculate your taxable income. ...
Step 3: Determine your earnings bracket. ...
Step 4: Identify your tax submitting status. ...
Step 5: Find the quantity of tax you owe.
Learn more about taxable income above here;
https://brainly.com/question/1160723
#SPJ1
Alice needs a new cell phone, but is anxious about which phone she should buy. Many of her friends own popular phone models but complain about lost calls, short battery life, and poor predictive text functionality. While she has identified several attractive phone models, she doesn't feel like she can really try the phones out in such an artificial setting and is nervous that she might pick a phone that doesn't work as well as she had hoped. Alice perceives ______ associated with the purchase of a new phone.
Alice perceives Functional risk associated with the purchase of a new phone.
At the point when another client purchases your product or administrations, they presumably have no foundation regarding regardless of whether it works. This is particularly valid for new products that are sent off into the marketplace. Individuals purchase things to take care of an issue or to fill a need. For instance, in the event that you are selling another clothing cleanser that gets every one of the messes out, the consumer could address assuming this is valid. Quite possibly the client purchases your product yet it gets no stains out. This is a perceived functional risk.
Generally, risks can be arranged into three sorts: Business Risk, Non-Business Risk, and Financial Risk
to know more about business risk click here:
https://brainly.com/question/14987050
#SPJ4
FILL IN THE BLANK. a firm's ___ relates to its ability to create value for customers (v) while containing the cost to do so (c).
It may be drawn to a conclusion that the strategic abilities of a firm are related to their abilities of creating value for their customers (V), while also containing the cost to do the same (C).
The value of the customer is essentially dependent upon the strategic abilities adopted by a firm in the regular course of its business. Thus, there has to be a condition wherein the cost of bringing values to the customers of the firms are also taken into consideration by giving them a high level of importance within the organizational environment.
Learn more about customer value here:
https://brainly.com/question/13735743
#SPJ4
The Financial Institutions Reform Recovery and Enforcement Act (FIRREA) of 1989 introduced the qualified thrift lender test (QTL), which set the percentage of assets required for qualification to be no less thanA. 50 percent.B. 55 percent.C. 60 percent.D. 65 percent.E. 68 percent.
The correct answer is C. 60 percent.
The Financial Institutions Reform Recovery and Enforcement Act (FIRREA) of 1989 introduced the qualified thrift lender test (QTL), which set the percentage of assets required for qualification to be no less than 60 percent.
This means that in order to qualify as a thrift lender, an institution must have at least 60 percent of its assets in residential mortgage loans, consumer loans, and other assets that qualify as thrift assets.
For more questions like FIRREA visit the link below:
https://brainly.com/question/29947620
#SPJ4
Nolan Corporation has outstanding convertible bonds with a face value of $15,000 and a current book value of $17,500. Each $1,000 bond is convertible into 25 shares of common stock (par value $5 per share). All the bonds are converted into common stock on June 1 when the market value of Nolan’s common stock is $50 per share.
According to the question, the journal entry recorded as Bonds Payable (Dr.) $ 15,000, Premium on bonds payable (Dr.) $ 2,500 and Common stock (Cr.) $ 1,875, Additional paid in capital (Cr.) $ 15,625.
What do you mean by book value?The net difference between a company's total assets and total liabilities is known as its book value, which reflects the total value of the company's assets that shareholders would receive in the event of a liquidation.
The unamortized premium that needs to be amortized when retiring or converting the bonds is indicated by a book value higher than face value.
According to the book value technique, the discrepancy between the face value of shares and the book value of bonds is recorded as additional paid-in capital, and no gain or loss is realized.
Therefore, the journal entry recorded as:
Particulars Dr. Cr.
Bonds Payable $ 15,000
Premium on bonds payable $ 2,500
Common stock (15 × 25 × $ 5) $ 1,875
Additional paid in capital ( $ 17,500 - $ 1,875) $ 15,625
[To record the conversion of bond]
To know more about the book value, visit:
https://brainly.com/question/29890763
#SPJ1
Which of the following properly describes the impact on the financial statements when a company borrows $20,000 from a local bank?A. Net income decreased $20,000.B. Assets decreased $20,000.C. Stockholders' equity increased $20,000.D. Liabilities increased $20,000.
Statement (D) explains the impact on the financial accounts when a company obtains a $20,000 loan from a neighboring bank:
(D) Liabilities increased by $20,000
What are Liabilities?A liability is defined in financial accounting as the future forfeitures of economic benefits that an entity must make to other entities as a result of previous transactions or other previous events, the resolution of which may result in the transfer or use of assets, the provision of services, or another future yielding of economic benefits.
Accounts payable, payroll due, payroll taxes, accumulated expenses, short-term notes payable, income taxes, interest payable, accrued interest, utilities, rental fees, and other short-term debts are a few instances of current liabilities that can be found on the balance sheet.
There are three types of liabilities: current, non-current, and contingent.
So, when a business takes out a $20,000 loan from a nearby bank, statement (D) accurately explains the effect on the financial statements:
Liabilities increased by $20,000
Therefore, statement (D) explains the impact on the financial accounts when a company obtains a $20,000 loan from a neighboring bank:
(D) Liabilities increased by $20,000
Know more about Liabilities here:
https://brainly.com/question/14921529
#SPJ4
Peanut butter and jelly are complements. If there is a decrease in the price of jelly, producer surplus in the peanut butter market: A) will increase.
B) will decrease.
C) will not change.
D) may change, but it is impossible to tell if it will increase or decrease.
Peanut butter and jelly are complements in consumption. Assuming that the supply curve of peanut butter is upward-sloping, if there is a limit in the rate of jelly, producer surplus in the peanut butter market: will no longer change.
Is peanut butter and jelly are enhances then an expand in the rate of peanut butter will limit the demand for jelly?When the fee of jelly increases, the quantity demanded of jelly decreases. Because peanut butter and jelly are complementary goods, you will also favor much less peanut butter. Thus, the demand for peanut butter decreases.
This potential that an extend in the fee of one precise decreases the demand for every other good. Therefore, if peanut butter and jelly are complements, when the charge of peanut butter increases, the demand for peanut butter will decrease.
Learn more about supply curve here:
https://brainly.com/question/11717727#SPJ4T/Fin the project evaluation phase of the new products process, a full screen uses a scoring model of some type and results in a decision to either undertake development or quit.
During the project review phase of the new product development process, a full screen employs some sort of scoring model and resulting in a choice to proceed with development but never to quit.
The "fuzzy front end" of the innovative product development and commercialization process is often referred to.
The goal should be to develop a large number of worthwhile ideas that will serve as the backbone for the New Product Innovation approach.
This phase is not about coming up with foolproof concepts that are ready to go. Instead, unproven and uncooked ideas that can be refined later should be shared.
When an issue has been recognized, it is time to consider potential solutions. There should be possible New Product Development opportunities for every consumer concern.
Make a comparison chart that lists all of the challenges and solutions that were shortlisted. Distribute the findings around the organization to create a viable problem set.
To know more about product development visit:
https://brainly.com/question/3463144
#SPJ4
Anya is an administrator at Zenorx Inc., a start-up software company. She is responsible for acquiring capital for the company. In the context of the various factors of production that businesses rely on, which of the following functions is most likely to be a part of Anya's responsibilities?
In the context of the various factors of production that businesses rely on, acquiring synthetic resources like computers and telephones is most likely to be a part of Anya's responsibilities.
Factors of production, resources, or inputs are what are used in the production process to produce output—that is, products and services—in economics.
According to the production function, the quantity of output is determined by the amounts of various inputs that are used. Land, labor, capital, and entrepreneur are the four basic resources or components of production (or enterprise).
The factors are also frequently termed "production goods or services" to differentiate them from consumer goods or services.
Factors are classified into two types: primary and secondary. Land, labor, and capital are the previously mentioned major components. In traditional economics, materials and energy are considered secondary variables because they are obtained through land, labor, and capital.
To know more about factors of production:
https://brainly.com/question/988852
#SPJ4
Correct question:
Anya is an administrator at Zenorx Inc., a start-up software company. She is responsible for acquiring capital for the company. In the context of the various factors of production that businesses rely on, which functions is most likely to be a part of Anya's responsibilities?
T/F unde rthe feha, an aplicant for employment cannot be unlawfully harassed by an employer because they do not yet work for the employer
False. Title VII of the Civil Rights Act of 1964 and the Fair Employment and Housing Act (FEHA) in California protect individuals from unlawful harassment regardless of their current employment status.
This means that applicants for employment are protected from harassment based on a protected characteristic such as race, color, religion, sex, national origin, or any other characteristic protected by law. Harassment can take many forms, including verbal or physical abuse, offensive jokes, or slurs, and can create a hostile work environment. Employers are responsible for maintaining a workplace free of harassment and discrimination and must take appropriate steps to prevent and address such behavior if it occurs.
Learn more about discrimination :
https://brainly.com/question/30153620
#SPJ4
The marketing manager of a firm has hired a market research team. Together, the manager and the researchers decide that they need data from current customers and noncustomers who fit a specific demographic and lifestyle profile. In the context of research design activities, the selection of these individuals as targets for data collection represents the ________.
Multiple Choice
type of research
nature of data
nature of data collection
information content
sampling plan
Option 4 is Correct. The decision to use these people as data collecting targets in the context of research design activities symbolizes the information content.
A market research team has been hired by a company's marketing manager. The management and researchers agree that they require information from people who meet a particular demographic and lifestyle profile, including both existing customers and noncustomers.
The manager of a business that specializes in automobile aftermarket parts is drawn to gathering secondary data. He worries about his rivals and the direction of the business. Along with industry research reports, he is interested in competitor industry and company analyses. The marketing philosophy holds that while creating any product or marketing campaign, the wants and needs of the target market should come first.
Learn more about marketing Visit: brainly.com/question/25369230
#SPJ4
Correct Question:
The marketing manager of a firm has hired a market research team. Together, the manager and the researchers decide that they need data from current customers and noncustomers who fit a specific demographic and lifestyle profile. In the context of research design activities, the selection of these individuals as targets for data collection represents the ________.
Multiple Choice
1. type of research
2. nature of data
3. nature of data collection
4. information content
5. sampling plan
From the perspective of myth analysis, many advertisements involve all but which of the following elements?A) ResolutionB) Disassociation corollaryC) ConflictD) A narrativeE) All of the options are correct.
From the perspective of myth analysis, many advertisements involve all of the elements listed: A) Resolution, B) Disassociation corollary, C) Conflict, and D) A narrative. So, E: " All of the options are correc" is the correct answer.
In myth analysis, advertisements often involve a narrative that tells a story and resolves a conflict, often through the use of disassociation. The disassociation corollary refers to the idea that advertisements often present a dream-like or idealized reality that is separate from everyday life. Conflict and resolution are also important elements in many advertisements, as they help to engage the audience and communicate a message effectively.
In this context, none of the options are incorrect. All of the elements listed are often present in advertisements and play a role in their effectiveness and impact on audiences.
You can learn more about advertisements at
https://brainly.com/question/1020696
#SPJ4
LAST QUESTION HELP PLEASE 35 POINTS Following the accounting cycle, what would an accountant make right after adjusting entries?
A. an adjusted trial balance
B. a worksheet
C. a post-closing trial balance
D. a trial balance
Answer:
an accountant would make an adjusted trial balance right after adjusting entries.
Explanation:
Following the accounting cycle, an accountant would make an adjusted trial balance right after adjusting entries.
Adjusting entries are made at the end of an accounting period to update the account balances and bring into conformity with the accrual basis of accounting. Once adjusting entries have been recorded, the accountant prepares an adjusted trial balance. The adjusted trial balance is a list of all the accounts in the ledger and their updated balances after adjusting entries have been made.
It is called an adjusted trial balance because it takes into account the adjustments that have been made. The purpose of the adjusted trial balance is to ensure that the total debits still equal the total credits after the adjusting entries have been made. If the adjusted trial balance does not balance, the accountant must review the accounts and make any necessary corrections before preparing the financial statements.
Answer:
Following the accounting cycle, an accountant would make an adjusted trial balance right after adjusting entries.
Explanation:
The list of all accounts and their balances in the adjusted trial balance remains after adjusting entries have been made. While creating financial statements like the income statement, statement of retained earnings, and balance sheet, it is used to make sure that all of the debits and credits balance out.
A worksheet is a tool to prepare to adjust entries and financial statements, but it is not an official accounting document.
When the closing entries have been made, a post-closing trial balance is created to ensure that all temporary accounts have been closed and that the total debits and total credits balance out.
A trial balance is used to ensure that the total debits and credits balance out at a particular point in time, typically near the conclusion of the accounting month.
Hope it helps!Which of the following situations is expected to enhance the use of targeted advertising messages by marketers?A. rising global inflation ratesB. increase in derived demand in the marketC. inadequate quality controlD. increase in ethnic populationsE. low advertising budgets
Situations which expected to enhance the use of targeted advertising messages by marketers is D. increase in ethnic populations.
The Purpose of an AdvertisementThe pattern of presentation and content of advertisements is very diverse, which in this context is divided into 2 parts, namely consisting of strategic advertisements and tactical advertisements.
Strategic advertising has the aim of building a positive brand and image of a company with the aim of making the name of a company good in the eyes of the public.
Meanwhile, tactical advertising aims to encourage consumers to immediately make contact with certain brands. Such as invitations to buy certain products and do or not do something.
Learn more about advertisements at
https://brainly.com/question/3054049
#SPJ4
Windsor Corporation issued 119,000 shares of $19 par value, cumulative, 9% preferred stock on January 1, 2021, for $2,550,000. In
December 2023, Windsor declared its first dividend of $750,000.
(a)
Prepare Windsor's journal entry to record the issuance of the preferred stock. (Credit account titles are automatically indented when
amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts)
Account Titles and Explanation
eTextbook and Media
List of Accounts
Save for Later
Debit
Credit
Attempts: 0 of 4 used Submit Answer
(b)
The parts of this question must be completed in order. This part will be available when you complete the part above.
The values to put in the journal entry will be:
Cash= $2,550,000
Preferred Stock (par value)= 119000*19= $2,261,000
Paid in Capital in Excess of Par Preferred Stock= 2550000-2261000= $289,000
How to explain the informationb) If not cumulative, Calculate directly 9% on Preferred stock par value
Par value= $2,261,000
Preferred dividend= 2261000*9%= $203,490
Common stockholders will get balance amount after paying preferred dividend.
Common stock dividends= 750000-203490= $546,510
c) If is cumulative
3 Year preferred dividend will be arrear on December 2023
Cumulative Preferred Dividend (3 Years)= 203490*3= $610,470
Common stockholders will get balance amount after paying preferred dividend.
Common stock dividends= 750000-610470= $139,530
Learn more about journal on:
https://brainly.com/question/14279491
#SPJ1
local communities are important organizational stakeholders. in fact, if a community gives a company tax breaks in return for the promise of new jobs and the firm fails to deliver those jobs, the community may be able to institute a____________and rescind the tax breaks.
the answer for this question is clawback
local communities are important organizational stakeholders. in fact if a community gives company tax breaks.
What is the community?A community can be described as a collection of individuals who share a common location or trait. People who live in the same neighborhood, work at the same company, or attend the same school together are the types of people we most frequently associate with the word "community."
in return for the promise of new jobs, if the firm fails to deliver those jobs, the community may be able to institute a Clawback and rescind the tax breaks.
Therefore, As a result, The clawback community may be able to institute rescind tax breaks.
Learn more about the community here:
https://brainly.com/question/28455993
#SPJ1
Debt securities promise: I. A fixed stream of income II. A stream of income that is determined according to a specific formula III. A share in the profits of the issuing entity A. I only B. I or II only C. I and III only D. II or III only
Debt securities promise a fixed stream of income only, which is the primary reason why investors purchase them. So, the correct option is A.
Debt securities, also known as bonds, are a type of investment in which an investor loans money to a borrower, such as a corporation or government, in exchange for periodic interest payments and the return of the original loan amount at maturity.
The key characteristic of debt securities is that they offer a fixed stream of income in the form of interest payments, which are typically paid out on a regular basis, such as semi-annually or annually.
This fixed stream of income sets debt securities apart from equity securities, such as stocks, which do not promise a fixed return. Instead, the stream of income associated with equity securities is dependent on the performance of the issuing entity and may fluctuate over time.
To learn more about debt securities click on,
https://brainly.com/question/18723175
#SPJ4
which of the following explains the relationship between the price level and real output along the aggregate demand curve?
A lower price level reduces consumers confidence and consumption best explains the relationship between the price level and real output along the aggregate demand curve. The correct option is E.
The aggregate demand curve shows the relationship between the price level and the real output demanded by households, firms, and governments. When the price level decreases, consumers tend to feel more confident in their ability to purchase goods and services, which leads to an increase in consumption.
This increase in consumption drives up demand for goods and services, which results in an increase in real output. On the other hand, if the price level increases, consumers may become more hesitant to spend, leading to a decrease in consumption and a corresponding decrease in real output.
The relationship between the price level and real output along the aggregate demand curve is influenced by various factors, including consumer confidence, expectations about future prices, interest rates, and wealth effects.
To learn more about demand curve click on,
https://brainly.com/question/29890868
#SPJ4
Complete question is:
Which of the following best explains the relationship between the price level and real output along the aggregate demand curve?
A) A higher price level increases the value of real assets.
B) A higher price level increases the relative price of imports.
C) A lower price level reduces the real interest rate and increases investment
D) A higher price level increases consumers' wealth and consumption
E) A lower price level reduces consumers' confidence and consumption.
In which of the following market structures do firms need to think strategically when making output decisions? a. Oligopoly b. Monopolistic Competition c. Monopoly d. Perfect Competition
Option - A : Oligopoly. The Oligopoly market structures do firms need to think strategically when making output decisions
A market structure known as an oligopoly occurs when a small number of businesses control the majority of the market and have the ability to set pricing. Firms in this sort of market must be aware of what their rivals are doing and react appropriately since changes in output by one business can have a big impact on the market and its rivals.
Although less so than in an oligopoly, companies in monopolistic competitive market structures still need to take their rivals' behaviour into account when deciding how to allocate resources. In monopolistic competition, several companies produce comparable but distinct goods, and while they have some market power, they are also in rivalry with one another. A single business dominates the market and has total control over pricing and output under a monopoly market structure.
For such more questions on Oligopoly:
brainly.com/question/14093864
#SPJ4
What lump-sum amount of interest will be paid on a $20,000 loan that was made on May 1, 2020, and repaid on August 1, 2020, with ordinary simple interest at 10% per year?
Answer:
The lump-sum amount of interest paid on a $20,000 loan that was made on May 1, 2020 and repaid on August 1, 2020 with ordinary simple interest at 10% per year is $600.
select all that apply , Which of the following help measure the quality of a good economic model?Multiple select question.The level of central bank involvementWhether it gives us insights that can be used in the real worldHow well it reflects realityThe level of official government involvement
The options that help measure the quality of a good economic model are:
B: "Whether it gives us insights that can be used in the real world"C: "How well it reflects reality"The quality of an economic model can be measured by its practical usefulness and accuracy in reflecting reality. A good economic model should provide insights that can be applied in the real world and accurately represent economic phenomena. The level of central bank or government involvement is not necessarily a direct indicator of the quality of an economic model.
You can learn more about economic model at
https://brainly.com/question/30364211
#SPJ4
Which of the following are consequences of holding the price of a product below its market level? (choose all that apply)-The demand for that commodity will increase.-The supply of that commodity will be reduced.-Marginal producers will be driven out of business.
The consequences of holding the price of a product below its market level are:
A: The demand for that commodity will be increasedB: The supply of that commodity will reduceC: Marginal producers can be driven out of businessWhen the price of a product is held below its market level, it can result in an increase in demand as more consumers are attracted to the lower price. However, this also tends to reduce the supply of the product as some producers are not able to cover their costs and may exit the market. This can lead to a reduction in competition and drive marginal producers out of business. This can have wider implications for the industry and market structure.
You can learn more about demand at
https://brainly.com/question/1245771
#SPJ4
True or false: A predetermined overhead rate of $50 per direct labor hour means that the total cost of direct labor and indirect cost equals $50 per hour.
The given statement "A predetermined overhead of $50 per hour means that the total cost of direct and indirect cost equals $50 per hour" is False , because, overhead rate is the amount of only indirect cost.
A predetermined overhead rate of $50 per direct labor hour is the amount of indirect cost (also known as overhead) that is expected to be incurred for every hour of direct labor. The predetermined overhead rate is used to allocate indirect costs to the products or services being produced.
However, the predetermined overhead rate of $50 per direct labor hour does not mean that the total cost of direct labor and indirect cost equals $50 per hour. The total cost per hour will include both the direct labor cost and the indirect cost.
For example, if the direct labor cost is $20 per hour, the total cost would be $20 + $50 = $70 per hour. The total cost per hour will vary depending on the specific circumstances of the business.
To learn more about overhead click on,
https://brainly.com/question/14550255
#SPJ4
Johnny Appleseed and Company ships all of the apples from its orchards in the Pacific Northwest to a single buyer in japan. The firm's entire profits are derived from this international transaction. Johnny Appleseed and Company is not a multinational corporation. True/False?
The given statement, "Johnny Appleseed and Company ships all of the apples from its orchards in the Pacific Northwest to a single buyer in japan. The firm's entire profits are derived from this international transaction. Johnny Appleseed and Company is not a multinational corporation," is true (T) because it only operates in one country, the United States
Johnny Appleseed and Company only exports its goods to a single buyer in Japan, lacking the characteristic of multiple national operations and the complex organizational structure of a multinational corporation.
A multinational corporation (MNC) is defined as a company that operates in multiple countries and has a complex organizational structure with divisions and subsidiary companies in different countries. These companies often engage in cross-border transactions and have a significant impact on the global economy.
On the other hand, Johnny Appleseed and Company only operates in the United States and exports its goods to a single buyer in Japan. It is a single-nation company and lacks the multiple national operations and complex organizational structure of an MNC.
Learn more about multinational corporation brainly.com/question/494475
#SPJ4
A negotiator should ask which of the following questions when presenting issues to the other party to assemble information.
A) What facts support my point of view?
B) Whom may I consult or take with to help me elaborate or clarify the facts?
C) What is the other party's point of view likely to be?
D) How can I develop and present the facts so they are most convincing?
E) All of the above questions should be asked.
A negotiator should ask when presenting issues to the other party to assemble information.E) All of the above questions should be asked.
In a negotiation, it's important for a negotiator to gather as much information as possible about the issues being discussed. Asking the questions listed in options A-D can help a negotiator do this. By asking what facts support their point of view (A), a negotiator can identify and build a strong case for their position. By asking whom they may consult or take with them to help clarify facts (B), a negotiator can gain additional support or expert opinions to bolster their position. By considering what the other party's point of view is likely to be (C), a negotiator can anticipate and prepare for objections or counterarguments. And by thinking about how to present facts in the most convincing way (D), a negotiator can increase the likelihood of a successful outcome.
learn more about negotiator here:
https://brainly.com/question/28460729
#SPJ4
Activity
Research online and choose any two business organizations that use an IS. Describe the benefits of IS implementation in these two business organizations.
Two business organizations that use Information Systems (IS) are Amazon and Walmart.
Amazon:
Amazon uses IS in several ways to streamline their operations and deliver a better customer experience. One example is their recommendation system, which uses data from past purchases, searches, and other behaviors to suggest products that a customer is likely to buy. This system helps to increase customer satisfaction and boost sales. Additionally, Amazon uses IS to manage their supply chain, optimize inventory, and facilitate fast and efficient shipping. By leveraging real-time data, they can quickly respond to changes in demand and adjust their operations accordingly. Another benefit of IS for Amazon is the ability to collect and analyze vast amounts of data, which they can use to identify trends, forecast demand, and make data-driven decisions.
Walmart:
Walmart uses IS in a variety of ways to improve efficiency, reduce costs, and enhance the shopping experience for customers. One example is their use of RFID technology, which allows them to track inventory in real-time and reduce stockouts. By using RFID tags, Walmart can quickly identify when an item is running low and restock it before it becomes unavailable to customers. Another example is Walmart's use of mobile devices and apps to help associates perform tasks more efficiently. With the help of mobile devices, associates can check inventory levels, process orders, and communicate with other employees in real-time. Walmart also uses IS to analyze data and make data-driven decisions about their operations, such as optimizing store layouts and staffing levels.
Overall, the benefits of IS implementation for these two business organizations include increased efficiency, reduced costs, improved customer experience, and the ability to make data-driven decisions. By using IS, Amazon and Walmart can stay competitive in the retail industry and continue to innovate to meet the changing needs of their customers.