Total cost from 1 goes to 5, 14, 28, 45, 65 and the marginal cost will be 1, 4, 9, 14, 17, 20
The marginal cost in economics is the difference in total production costs brought on by developing or producing an additional unit. To calculate marginal cost, divide the variance in production costs by the variation in quantity. The aim of marginal cost analysis is to determine the point at which an organisation can achieve economies of scale to enhance production and overall operations. There is an opportunity for the producer to profit. The increase in manufacturing expenses brought on by the development of extra product units is referred to as a "marginal cost." It is also known as the marginal cost of manufacturing. By determining the marginal cost, businesses may assess how volume generated influences cost and ultimately earnings.
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Household production, such as baking bread at home, is not included in gdp because it:.
Household production, such as baking bread at home, is not included in GDP because it does not involve a market transaction.
What is GDP?Gross domestic product (GDP) is a monetary indicator of the total market worth of all the finished products that nations create over a certain time period. This measurement is frequently changed before it can be trusted as an indicator because of how complicated and subjective it is.
The total amount of money spent during a specific time period by firms, consumers, and the government may be used to compute GDP. It may also be determined by adding up the total amount of money that each economic participant has received. The figure represents an estimate of "nominal GDP" under both scenarios.
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What methods can be used to predict demand for healthcare
The methods used to predict demand for healthcare are:
percent adjustment, 12-month moving average, trendlineseasonalized forecast. This is further explained below.What is healthcare?Generally, the administration of organized medical treatment to individuals or to a community of patients.
In conclusion, there are many other quantitative approaches for predicting, but the four most prevalent methods are the seasonalized forecast, the trendline forecast, the percent adjustment prediction, and the moving average of the last 12 months. The organization's recent historical need served as the foundation for each of these four approaches.
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West College
3880 29 Street NE
CALGARY, ALBERTA, T1Y6B6
TO: Limerick Corp. INVOICE 12-1
2 3880 34 St NW
East Brook, Alberta, July 1, 20XX
Attention: IIene Curan
21 Sessions Scheduled for July $ 42,000.00
G.S.T $ 2,100.00
Due this invoice $ 44,100.00
The journal entry to record this invoice is :
Date Particulars Debit $ Credit$
July 1 Accounts receivables 44100
To Service revenue 42000
To GST Payable 2100
(To record amount billed to customer)
Magazine access is a document of a commercial enterprise transaction in your commercial enterprise books. In double-entry bookkeeping, you make at least two journal entries for every transaction. because a transaction can create lots of adjustments in a commercial enterprise, a bookkeeper tracks all of them with journal entries.
Magazine access is the act of maintaining or making records of any transactions either financial or non-economic. Transactions are listed in an accounting magazine that indicates a company's debit and credit score balances. The journal entry can encompass numerous recordings, every of that's both a debit or a credit.
An example of a journal entry includes the acquisition of equipment by using us of a wherein the equipment account might be debited, and the cash account may be credited.
Disclaimer: The question is incomplete. Please read below to find the missing content.
Question: How to record this in the invoice
West College
3880 29 Street NE
CALGARY, ALBERTA, T1Y6B6
TO: Limerick Corp. INVOICE 12-1
2 3880 34 St NW
East Brook, Alberta, July 1, 20XX
Attention: IIene Curan
21 Sessions Scheduled for July $ 42,000.00
G.S.T $ 2,100.00
Due to this invoice $ 44,100.00
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Explain how financial managers can assess the company’s debt structure and determine how reasonable it is.
The use of debt-to-equity ratio will allow managers to assess the company’s debt structure and determine how reasonable it is.
What is a debt-to-equity ratio?This refers to the financial ratio of ordinary shareholders' equity and the stake of creditors in a company.
Hence, this use of debt-to-equity ratio will allow managers to assess the company’s debt structure and determine how reasonable it is.
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define formula p(1+i)n-p
Answer:
Or 1 hp =746 watt. Also, One Horsepower equals to 33,000 lb. ft/min. Horsepower formula is: Horsepower = \frac{Torque × speed}{ ...
Horsepower is a popular imperial unit of power of an engine. It is defined as the work done by a person or machine per unit amount of time. This term of Horsepower was invented by James Watt. It is a unit of power that compares the power of a machine to the muscle power of the horse.
In earlier days it was used to measure steam engine power output compared to the power of draft horses. But later on, its usage was expanded to different types of piston engines, electric motors, turbines, and other machinery.
Horsepower Formula
The formula for Horsepower calculation:
First, we will see some equations to help in calculating the horsepower:
Power = worktime
For the electric motors, we can calculate the power or horsepower from the torque and speed. For example, if we have a motor with 3,000 rpm and 6 in-lbf then the horsepower can be calculated below.
Horsepower = 300×663025
i.e. horsepower = 0.286
Here, 63025 is a constant when using rpm for speed and in-lbf for torque units. 5252 is another common constant if the speed is in rpm and torque is in ft-lbf. If the units are different then first we have to make the unit conversion.
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The derivation of these constants is as follows:
33,000 ft-lbf /min = 1 horsepower.
Though horsepower units is a derivative of the 33,000 ft-lbf / min, it is not critical to understanding how to calculate motor horsepower for speed and torque.
Another common but popular unit of power that motors are rated in is watts. The conversion from watts to horsepower is:
745.7 watts = 1 horsepower
Or 1 hp =746 watt.
Also, One Horsepower equals to 33,000 lb. ft/min.
Horsepower formula is:
Horsepower = Torque×speed5252
With another computation,
Horsepower = weight × velocity(234)2
Solved Examples on Horsepower Formula
Q.1: Determine the horsepower of a vehicle which moves with a speed of 500 revolutions per minute and has a torque of 100 pound-foot.
Solution:
Given parameters in the problem are:
Torque = 100 pound foot
Speed = 500 revolutions per minute
Now we may apply the Horsepower formula as below:
Horsepower = Torque×Speed5252
Substituting the known values, we get
Horsepower = 100×5005252
= 500005252
Horsepower = 9.52 HP
Therefore the horsepower of the engine of the vehicle will be 9.52 HP.
During the current year, Mute Corporation expected to sell 22,700 telephone switches. Fixed costs for the year were expected to be $12,143,500, the unit sales price was budgeted at $3,350, and unit variable costs were budgeted at $1,480.
Mute's margin of safety (MOS) in sales dollars is: (Do not round intermediate calculations.)
Multiple Choice
$76,147,602.
$87,087,602.
$57,290,472.
$54,290,602.
$66,470,602.
The Mute's margin of safety (MOS) in sales dollars is: d. $54,290,602.
Margin of safetyFirst step
Breakeven=$12,143,500/( $3,350-$1,480)/$3,350
Breakeven=$12,143,500/$1870/$3370
Breakeven=$12,143,500/0.5548961424332
Breakeven=$21,884,275
Second step
Margin of safety:
Margin of safety=(22,700×$3350)-$21,884,275
Margin of safety=$54,290,602
The correct option is D.
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Which of the following practices of dispensing single-service items prevents contamination?
The best practices of dispensing single-service items is: To Provide individually wrapped ware.
What is contamination?
Contamination is when something is infected which in turn can cause diseases or foodborne illness.
Hence, The best method on how to dispense single-service items so as to prevents contamination is to provide individually wrapped ware.
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When the insured knows more about their circumstances than the insurer, there is
A. adverse selection.
B. All of these
C. propitious selection.
D. moral hazard.
E. asymmetric information.
When the insured party knows more about his or her circumstances than the insurer, then there is: B. All of these.
What is an insurance company?An insurance company is a business firm that is establish to collect premium from all of the insured for losses which may or may not occur, so they can easily use this cash to compensate or indemnify for losses incurred by those having high risk.
In Economics, when the insured party knows more about his or her circumstances than the insurer, then there is:
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Transportation is a big part of the logistics picture. Freight can represent 50% of your logistics cost and up to 10-20% of your retail price. In a world of “free shipping” every importer knows that freight is not free. According to statement, discuss the operational factors that effects the transportation modes.
Some of the operational factors that affect the transportation modes chosen for freighting goods include:
CostService ReliabilityService RegularitySafety.What are the transportation modes?Transportation modes refer to the means of transportation. They include:
RailRoadAirMarinePipelinesInter-modal transportation.However, the choice of a transportation mode is determined by the comparative cost, reliability, regularity, and safety of service.
Thus, when one is considering the choice of a transportation mode, the operational factors must be considered.
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What are hollow corporations? A. companies that market their products through franchisees B. companies that outsource all production to suppliers C. companies that have liabilities exceeding their assets D. companies that are horizontally integrated E. companies that do not have any physical presence and only operate online
Hollow corporations are b. companies that outsource all production to suppliers
What are hollow corporations?Hollow corporations can be defined as those companies that outsource their production to supplier, which means that they do not produce within the company but all production are carried out supplier .
Hence, the correct option is B, because hollow corporation tend to outsource all production to supplier.
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Accenture is helping a retail company increase efficiency in the management of customer transactions, payment processing, and answering customer queries using Machine Learning. The client uses blockchain technology to share data with their wholesale suppliers, delivery service providers, and customer organizations.
For the retail company, Blockchain will ensure only admins can modify the data being sent to the Machine Learning model.
What is Blockchain technology?Blockchain is a shared, unchangeable, and immutable digital ledger, duplicated and distributed across the entire network of computer systems.
Blockchain technology facilitates transaction recording and asset tracking.
Some other advantages of using the Blockchain technology include:
High-level securityTransparencyTraining data using the ML model.Thus, for the retail company, Blockchain will ensure only admins can modify the data being sent to the Machine Learning model.
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Question Completion:How will Blockchain ensure the integrity of the data sent to the Machine Learning model?
True or false: Personality tests tend to be the best and most useful way to assess someone's personality due to its objectivity and lower potential for bias/human error.
This Andrew is True because personality tests tend to be the best and most useful way.
Answer:
True!
Explanation:
By learning and observing different peoples personalities you can often learn how they're going to act in certain situations.
For this assignment, respond to each of the questions presented in that lecture. You do not need to submit a completed outcomes planning wheel for this assignment, but should use it in drafting your response to the questions.
What organizational goal is driving this training? · What will the benefit be? · What is the skill gap? · What competencies (knowledge, skills, or attitudes) will this program need? · What evaluation will be used to measure the level of goal achievement? · Who will be trained? · What is the estimated class size? · How many classes will there be and how long will this training last? · What are the knowledge and skill prerequisites? · What type of program is being proposed? · What media, if any will be used in the training? · What will happen if we do not deliver the training? · What are the restrictions or limitations for delivering a program? · What other methods may be used to reach the goal (include limitations and advantages)?
In the above case, a skill acquisition will be the aim of the program.
What organizational goal is driving this skill acquisition training?The purpose of skill acquisition is so that student can be able to learn one or more trade so that they can earn a living after school
What will the benefit be?The benefit of acquiring a skill is that one will be equipped with a lot of good resources and also the skill of financial management, one will have improved strategic planning and others.
What competencies will skill acquisition need?
It just need your presence, one's talents and expertise that has been obtained via education or or life experience.
What is the skill gap? Critical thinking/problem solvingPaying Attention to detail.Leadership. Teamwork. What evaluation will be used to measure the level of goal achievement?Output based on work done, practical work and result.
Who will be trained - student.
The estimated class size- 50 - 100
How many classes will there be and how long will this training last - 20 class and it will last 2 month.
knowledge and skill prerequisites -Ability to read and understand and also just come and you will be taught.
The type of program that is being proposed - skill and handwork training.
What media, if any will be used in the training - visual, media and communication tools will be used·
What will happen if we do not deliver the training - giving of certificates and graduation.
What are the restrictions or limitations for delivering a program - financial restriction.
What other methods may be used to reach the goal - use of the mass media for dissemination of information concerning the program. Its advantage is that it will benefit all and the disadvantage is financial constrain.
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When Subway uses selective stores around the country to introduce a new food item, the food item
is in the growth stage of its product life cycle.
Select one:
O True
O False
Answer: True
Explanation:
Because Subway is getting lot of profit on their selective stores around the country to introduce a new food item and from its growth stage.
Which action is an example of an expansionary monetary policy?
A. Selling Treasury securities
•
B. Lowering the discount rate
• C. Raising the interest on reserve rate
•
D. Raising the reserve requirement
Answer: B
Explanation:
The three key actions by the Fed to expand the economy include a decreased discount rate, buying government securities, and a lowered reserve ratio.
Question: You have recently been appointed as a marketing manager for a marketing consultancy firm, and you have been asked to conduct a review of operations in your firm with a view to attracting new clients. In this context you have been asked to produce a brief report that gives details of:
a. Possible internal sources of data that you will refer to in your review of operations using suitable examples.
b. Possible external sources of data that you will refer to in your review of operations using relevant examples.
This question is about the correct source of data for a Marketing Strategy Report. See the possible list of sources below.
What are the possible internal sources of data that one will refer to in your review of operations?Sources to be used in this case are statistics relating to sales and marketing data. Examples are;
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How do you determine when a business is not succeeding, and how do you determine what needs to change?
A company's management and leadership determine success or failure of business. The management and leadership of a company are two of the most important factors that determine its success or failure. Successful businesses hire managers and leaders who understand the organization's vision and know how to put it into action; such leaders can also motivate employees and align them with the company's vision.
According to the National Business Association, the majority of businesses fail due to poor management and a failure to hire professionals in areas where they require assistance. When comparing successful and unsuccessful business ventures, one of the most noticeable differences is the importance and effectiveness of leadership.
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Mentoring and coaching do not contribute to business performance. Discuss.
The least-squares regression line for predicting the ribeye price from the corn price is y = 4.8188 + 1.3103x
Predict the ribeye price in a month when the corn price was $6.63 per bushel
$13.51 per lb
$14.37 per lb
$8.69 per lb
$12.83 per lb
The price of ribeye is option A. $13.51 per lb using Least Squares Regression
The Least Squares Regression Line is the line that minimizes the sum of the residuals squared. The residual is the vertical distance among the discovered factor and the anticipated factor, and it is calculated with the aid of subtracting.
The regression line is every so often known as the "line of fine fit" due to the fact it's miles the road that suits first-rate while drawn through the points. it is a line that minimizes the gap of the actual rankings from the anticipated rankings.
Ordinary least squares regression is a manner to find the line of satisfactory fit for a fixed of information. It does this by creating a model that minimizes the sum of the squared vertical distances (residuals). The distances are squared to keep away from the problem of distances with a poor signal.
The corn price (x)= $ 6.63
Commodity (ribeye price) = 4.8188 + 1.3103x
= 4.8188 + 1.3103( 6.63)
= 4.8188 +8.687289
= $ 13.506089
= $13.51
Hence the price of ribeye is option A. $13.51 per lb.
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True or False The summer vpk programs are 300 program hours and require one teacher for every ten children
The correct answer is True, although the program is usually between 200-300 instructional hours
See explanation below
What are the summer vpk programs?Simply put, the summer vpk programs can be defined as a preparatory program usually between 200-300 instructional hours aimed at preparing children for Kindergarten school.
It should be noted that the summer vpk program is a voluntary service
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Discuss the negative effect of technology on work-life balance
If a vendor has correctly used marginal analysis to select its stock levels for the day (as in the newsperson problem in the text), and if the profit resulting from the last unit being sold (Cu) is $120 and the loss resulting from that unit if it is not sold (Co.) is $360, which of the following is the probability of the last unit being sold?
The probability of the last unit being sold is mathematically given as
x Greater than 0.75
What is the probability of the last unit being sold i?Generally, the equation forthe Probability is mathematically given as
[tex]P= P\leq C_{u}/(C_{u}+C_{o})[/tex]
Therefore
P = 120/(120+360)
P= 120/480
P=0.25
P represents the likelihood that a unit will not be sold, whereas 1-p represents the likelihood that a unit will be sold.
1-p = 1-0.25 = 0.75
In conclusion, The likelihood of the last unit selling should be higher than 0.75
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Two firms Apple and Samsung in the smart phone market have combined demand given by Q = 200 – P . Their total costs are given by TC Apple = 5 Q Apple + Q 2 Apple and TC Samsung = 5 Q Samsung + Q 2 Samsung . If they successfully collude, their total output will be: 45 units
Based on the profit functions of Apple and Samsung, their output if they successfully collude will be 65 units.
What is the total output if there is collusion?Because Apple and Samsung are two major producers of smartphones, collusion between them would increase their demand and allow them more control over their pricing.
In order to find out their total output after collusion, solve for their profit functions first.
Apple profit function:
= Price - (5Q - Q²)
= 200Q - Q² - Q(apple)Q(samsung) - 5(apple) - Q(apple)²
= 195Q(apple) - Q(apple)Q(samsung) - 2Qapple²
Samsung profit function:
= Price - (5Q - Q²)
= 195Q(samsung) - Q(apple)Q(samsung) - 2Qsamsung²
When differentiated, the formulas become:
2Qs + 4Qa = 195
4Qa + 8Qs = 390
After differentiating their profit functions, solve simultaneously to find out what their quantities would be to make profit.
This can then be solved simultaneously:
2Qs + 4Qa = 195
4Qa + 8Qs = 390
-6Qs = -195
Qs = 195/6
Qs = 32.5 units
Qa will be:
2Qs + 4Qa = 195
4Qa = 130
Qa = 32.5 units
Add up these units to find the total units between them.
The total units are:
= 32.5 + 32.5
= 65 units
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The money supply (Ms) in the economy is defined as the circulation of money (that consists of currency coins, paper notes, and bank balances) in the economy. Alternatively, the money supply refers to the safe assets that individuals and businesses hold for the purpose of either making payments or short-term investments.
The central bank in the economy has developed various measures of money of which the M1 and M2 are two measures. The M1 is the most liquid measure of money and is comprised of the currency, traveler’s check, and checking account deposits. Mathematically, M1 is derived as:
M1 = Currency + traveler check + checking account deposits.
The M1 is the most liquid form of money since the components included in it are easily convertible into cash without a loss in their original value.
M2 is a relatively broader measure of Ms but is also a relatively less liquid measure compared to M1. This is because M2 consists of currency, traveler’s checks, checking deposits, savings accounts, and money market mutual funds. As such, M2 is the sum of M1 and savings accounts and money market deposits. Mathematically, M2 can be described as:
M2 = M1 + savings accounts deposits + money market mutual funds.
Mutual funds are components of the M2 money supply while checking account balances are the components of the M1 money supply. When $2,000 are taken away from the mutual funds and deposited in the checking accounts, there would be an increase of $2,000 in the M1 money supply since the checking account component of M1 would increase by $2,000.
However, there would be no change in the M2 money supply because the withdrawal of $2,000 from the mutual funds would decrease the M2 by $2,000 initially. However, when this $2,000 amount is kept in the checking account, the M1 increases, and since M1 is also included in M2, M2 will increase by $2000. As such, the net effect in the M2 measure would be zero.
As the money supply consists of both currency & balances in different accounts, it is used by top financial institution to make economic decisions.
What is a money supply?This refers to the total amount of money such as cash, coins, balances in bank accounts that are in circulation in a year.
M1The M1 means the most liquid money that comprised of the currency, traveler’s check, and checking account deposits.
M1 = Currency + traveler check + checking account deposits.M2The M2 is broader measure of Ms although it is has a less liquid measure compared to M1 and consists of currency, traveler’s checks, checking deposits, savings accounts, money market mutual funds etc
M2 = M1 + savings accounts deposits + money market mutual funds.M3The M3 is broader measure of Ms as it includes M2 money as well as large time deposits, institutional money market funds, short-term repurchase agreements, larger liquid funds etc.
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Bearcat uses $1,200 of supplies in 2021. Record the adjusting entry for supplies at its year-end of December 31.
The adjusting entry is to debit "supplies expense" for $1,200 and a to credit "supplies" for $1,200.
What is an adjusting entry?This refers to the journal entry that occurs at the end of a reporting period to record any unrecognized income or expenses for the period.
Hence, in this case, the adjusting entry is to debit "supplies expense" for $1,200 and a to credit "supplies" for $1,200.
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XYZ Co. manufactures bicycles. Demand for this year’s model is expected to occur at a constant annual rate of 9200 items. One bicycle costs $165. The holding cost is based on a 6% annual rate, and production setup costs are $420. The manufacturing plant has an annual production capacity of 16000 units. Acme has 280 working days per year, and the lead time for a production run is 3 days. Use the production lot size model to compute the following values:
a) Minimum cost production lot size
b) Number of production runs per year
c) Cycle time
d) Length of a production run
e) Maximum inventory
f) Total annual cost
g) Reorder point
a) The minimum production lot size is 884 units,
b) The number of production runs per year is 10 runs.
c) The cycle time is 30 days (10 x 3)
d) The length of a production run is 3 days.
e) The Maximum inventory is 653 units.
f) The total annual cost is $1,523,180.
g) The Reorder point is 99 units (33 x 3).
What is the production lot size model?The production lot size model is the same as the economic order quantity model, which is given as the EOQ = square root of: [2(setup costs)(demand rate)] / holding costs
The model shows the production lot size that minimizes total costs.
Data and Calculatiaons:Annual demand = 9,200 units
Unit product cost = $165
Holding cost = $9.90 ($165 x 6%)
Setup costs = $420
Annual production capacity = 16,000 units
Working days per year = 280 days
Lead time for a production run = 3 days
EOQ = square root of: (2 x $420 x 9,200)/$9.90
= square root of 780,606
= 884 units
Production runs per year = 10 (9,200/884)
Daily demand = 33 units (9,200/280)
Total annual cost = ($165 x 9,200 + 99 x $9.90 + $420 x 10)
= $1,523,180 ($1,518,000 + $980. + $4,200)
Maximum inventory = Reordering Level + Reorder Quantity – (Minimum Consumption x Reorder period)
= 99 + 884 – (33 x 10)
= 653 units
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construction loan avoidable interest
Avoidable interest serves as one that is used in the estimation of interest without expenditure.
What is an avoidable interest?Avoidable Interest can be regarded as the computation that can be used to find the interest when trying to avoid expenditures .
To calculate the Avoidable interest , the equation that can be used is
(the weighted average accumulated expenditures ) *( the proper interest rate)
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The two most basic inventory questions answered by the typical inventory model are:.
The two most basic inventory questions answered by the typical inventory model are the timing of orders and order quantity
What is the timing of orders and order quantity?
The time elapsed between the start of a stock replenishment activity and the submission of a requisition or order. The amount of time that passes between the submission of a requisition or order and the shipment of material by the supplying activity is known as timing of orders.
Economic Order Quantity, also known as Economic Purchase Quantity, is the order quantity in inventory management that minimizes overall holding costs and ordering expenses. It is one of the most ancient traditional production scheduling models.
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Which of the following is not related to good agriscience management?
O Getting to work on time
Ensuring the rules are followed
Implementing environmental practices
Frievan
100
Ordering supplies and equipment
Da
1923
The term that is not related to good Agricultural management is Ordering supplies and equipment.
What is Agricultural management?Agricultural management can be regarded as the force that affect soil processes and functions.
This involves the rapid structural as well as the technological developments and new management practices to bring about good yield in production of crops and animal.
Some of the gricultural management practices that are common are;
Tillage and reconsolidationNo-tillage and surface residues Plants and crop rotations.IrrigationManure, and fertilization practices.Grazing management.It Should be noted that farm management as well as implemention of the decisions are needed in organizion and operation of a farm so as to be able to maximize production as well as profit.
Farm management do utilizes the agricultural economics to get information on prices as well as markets situation.
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Answer:
A - Getting to work on time
Explanation:
I took the test and got it right.
When a monopolist increases the amount of output that it produces and sells, average revenue.
Monopolists can increase the amount of output and sell easily because they are in no competition, the revenue is also great as their is no competition the price charged is not challenged by any other organization.
What is Monopoly?Monopoly is when there is no competition in the market and the seller is the sole seller of the product or service and therefore all the customers in the market purchase products or services from the said organization.
The organization can charge any price for the products or services as there is no competition the prices are not challenged by the other organizations as the sole seller of the commodity is the organization and this sole seller in the entire market is called a monopoly business.
It is difficult to be in a competitive environment but it is comparatively easier being a monopolist.
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