Use the following payoff matrix for a simultaneous-move one-shot game to answer the accompanying questions.
Player 2
Strategy C D E F
Player 1 A 10, 23 14, 20 20, 16 22, 14
B 14, 26 8, 5 20, 9 19, 14
Determine player 1’s equilibrium payoff.

Answers

Answer 1

Answer:

Player 1 strategy BPlayer 2 strategy C

Explanation:

Player 1

If Player 1 chooses strategy A

then the player 2's best outcome of 23 comes from strategy C.

If Player 1 chooses strategy B

then the player 2's best outcome of 26 comes from strategy C.

Player 2

If Player 2 chooses strategy C,

then the player 1's best outcome of 14 comes from strategy B.

If Player 2 chooses strategy D

then player 1's best outcome of 14 comes from strategy A.

If Player 2 chooses strategy E

then player 1's best outcome of 20 comes from strategies A and B.

If Player 2 chooses to strategy F

then player 1's best outcome of 22 comes from strategy A.

Hence, the better off play of both player is as follow

Player 1 plays strategy BPlayer 2 plays strategy C

Related Questions

The purpose of managerial accounting is to provide useful information to management and other internal decision makers. It does this by collecting, managing, and reporting both monetary and nonmonetary information in a manner useful to internal users. Major characteristics of managerial accounting include (1) focus on internal decision makers, (2) emphasis on planning and control, (3) flexibility, (4) timeliness, (5) reliance on forecasts and estimates, (6) focus on segments and projects, and (7) reporting both monetary and nonmonetary information. Ethics are beliefs that distinguish right from wrong. Ethics can be important in reducing fraud in business operations.

The purposes of managerial accounting are to provide useful information to aid in: __________

a. Renewing pest activities,
b. Determining costs of products and services.
c. Determining costs of employee wages and "lanes
d. Comparing actual to planned

Answers

Answer:

d. Comparing actual to planned

Explanation:

The purpose of managerial accounting are to provide useful information to aid managers. It is important to remember that managerial accounting is for internal use only whilst financial accounting is for external use (reporting purposes).

Since one of the characteristics of managerial accounting is planning and control, this is made possible by comparing actual to planned.

The most important function of the Fed is to A. buy and sell government securities. B. collect taxes. C. provide a system for collecting and clearing checks. D. regulate the money supply.

Answers

Answer:

D. regulate the money supply.

Explanation:

The Federal Reserve System (popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by the U.S Congress on the 23rd of December, 1913. The Fed began operations in 1914 and just like all central banks, the Federal Reserve is a United States government agency.

Generally, it comprises of twelve (12) Federal Reserve Bank regionally across the United States of America, which are commonly referred to as Federal Reserve District Bank.

Like all central banks, the Federal Reserve is a government agency that is saddled with the following responsibilities;

I. The Fed controls the issuance of currency in United States of America: it promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets.

II. It provides banking services to all the commercial banks in the country because the Federal Reserve is the "lender of last resort."

III. It regulates banking activities in the United States of America: it has the power to supervise and regulate banks.

Additionally, the Fed is saddled with the responsibility of selling government securities such as treasury bills to the public.

However, the most important function of the Fed is to regulate the money supply through the establishment of monetary policies.

Monetary policy can be defined as the actions (macroeconomic policies) adopted and undertaken by the central bank of a particular country to control the money supply and interest rates so as to boost or enhance economic growth. The central bank (Fed) uses monetary policies to manage inflation, economic growth through long-term interest rates and level of unemployment in a country.

Lin Corporation has a single product whose selling price is $134 per unit and whose variable expense is $67 per unit. The company’s monthly fixed expense is $31,750. Required: 1. Calculate the unit sales needed to attain a target profit of $8,450. (Do not round intermediate calculations.) 2. Calculate the dollar sales needed to attain a target profit of $9,700.

Answers

Answer:

Results are below.

Explanation:

Giving the following information:

Fixed cost= $31,750

Unitary contribution margin= 134 - 67= $67

To calculate the number of units to be sold, we need to use the following formula:

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Desired profit= $8,450

Break-even point in units= (31,750 + 8,450) / 67

Break-even point in units= 600

Now, the desired profit is $9,700; we need to use the following formula:

Break-even point (dollars)= (fixed costs + desired profit) / contribution margin ratio

Break-even point (dollars)= (31,750 + 9,700) / (67/134)

Break-even point (dollars)= 41,450 / 0.5

Break-even point (dollars)= $82,900

The government of Velovia made progress in its efforts to bring rapid inflation under control. Although prices are still rising, the rate of increase has slowed considerably. This suggests that Velovia is experiencing disinflation.

a. True
b. False

Answers

Answer:

a. True

Explanation:

At the time when the velvovia government made the efforts in its progress in order to control the increased inflation but at the same time the price is also still increasing but the increase rate would be falled down so here it is recommended that the velovia experienced the disinflation where the inflation is considerably slowing and the rate of inflation is also slow down

Therefore the given statement is true

please who can help with this
its very urgent ​

Answers

Answer:

_______________________

Over a certain period, large-company stocks had an average return of 12.94 percent, the average risk-free rate was 2.65 percent, and small-company stocks averaged 17.73 percent. What was the risk premium on small-company stocks for this period

Answers

Answer:

15.08 percent

Explanation:

Calculation to determine What was the risk premium on small-company stocks for this period

Using this formula

Risk premium =Average risk-free rate -small-Company stocks averaged

Let plug in the formula

Risk premium=2.65 percent-17.73 percent

Risk premium=15.08 percent

Therefore the risk premium on small-company stocks for this period is 15.08 percent

Scampini Technologies is expected to generate $175 million in free cash flow next year, and FCF is expected to grow at a constant rate of 4% per year indefinitely. Scampini has no debt or preferred stock, and its WACC is 10%. If Scampini has 55 million shares of stock outstanding, what is the stock's value per share

Answers

Answer:

the stock value per share is $53

Explanation:

The computation of the stock value per share is shown below:

Value of operations = Free cash flows ÷ ( Capitalization Rate - growth rate )

= $175 Million ÷ ( (10% - 4%)

= $2,917  

Now stock value per share is

= $2,917 ÷  55 million shares

= $53 per share

Hence, the stock value per share is $53

First Class, Inc., expects to sell 28,000 pool cues for $14 each. Direct materials costs are $3, direct manufacturing labor is $5, and manufacturing overhead is $0.82 per pool cue. The following inventory levels apply to 2019: Beginning inventory Ending inventory Direct materials 26,000 units 26,000 units Work-in-process inventory units O units Finished goods inventory 1,300 units 2,800 units
How many pool cues need to be produced in 2019?
Select one:
a. 29,500 cues
b. 30,800 cues
c. 29,300 cues
d. 26,500 cues

Answers

Answer:

a. 29,500 cues

Explanation:

Calculation to determine How many pool cues need to be produced in 2019

Using this formula

Pool cues needed =Budgeted sales +Budgeted ending inventory-Beginning inventory

Let plug in the formula

Pool cues needed=28,000 units + 2,800- 1,300 Pool cues needed= 29,500 cues

Therefore pool cues need to be produced in 2019 is 29,500 cues

Non-Market Strategy (NMS) is defined most accurately by which of the following (choose all accurate responses)?

a. NMS is related to Triple Bottom Line concerns.
b. NMS, exclusively, is not related to economic concerns.
c. NMS considers how managers anticipate and preempt, respond and react to actors, influencers, issues and actions from the social, political and regulatory arenas in society.
d. NMS is relevant to mostly social enterprises and infrequently involves large MNES.
e. NMS recognizes that businesses are social, political and ethical entities.
f. NMS is only a trend that is generally lost in "green washing" where MNEs pursuc causes to make it look like they are concerned when they are not

Answers

Answer:

Non-Market Strategy (NMS) is defined most accurately by the following:

a. NMS is related to Triple Bottom Line concerns.

c. NMS considers how managers anticipate and preempt, respond and react to actors, influencers, issues and actions from the social, political and regulatory arenas in society.

e. NMS recognizes that businesses are social, political and ethical entities.

Explanation:

Non-Market Strategy (NMS) is a business strategy that recognizes and evaluates the environmental, financial, and social performances of corporate entities.  It emphasizes the use of soft power to achieve competitive economic goals by targeting political, institutional, and social influencers.  Non-Market Strategy encourages wider interactions outside the market to encompass and carter for the interests of individuals, social institutions, and government entities.

June:
1 James Co. purchased merchandise on account from O’Leary Co., $90,000, terms n/30. The cost of merchandise sold was $54,000.
30 James Co. issued a 60-day, 5% note for $90,000 on account.
Aug. 29 James Co. paid the amount due.

Required:
Journalize the above transaction, 90,000 assuming a 360-day year is used for interest calculations.

Answers

Answer:

James Co. (Borrower)

June 1

Debit Merchandise Inventory $90,000

Credit Accounts Payable $90,000

June 30

Debit Accounts Payable $90,000

Credit Notes Payable $90,000

August 29

Debit Notes Payable $90,000

Debit Interest on Notes $750

Credit Cash Account $90,750

O’Leary Co. (Creditor)

June 1

Dr Accounts Receivable $90,000

Cr Sales $90,000

30

Dr Notes Receivable $90,000

Cr Accounts Receivable $90,000

Aug. 29

Dr Cash $90,750

Cr Notes Receivable $90,000

Cr Interest Revenue $750

Explanation:

Preparation of the journal entries

James Co. (Borrower)

June 1

Debit Merchandise Inventory $90,000

Credit Accounts Payable $90,000

(To record the purchase of merchandise on account)

June 30

Debit Accounts Payable $90,000

Credit Notes Payable $90,000

(To record the issue of a 60-day, 5% note)

August 29

Debit Notes Payable $90,000

Debit Interest on Notes $750

($90,000 * 5% * 60/360)

Credit Cash Account $90,750

($90,000+$750)

(To record the payment of the notes plus interest)

O’Leary Co. (Creditor)

June 1

Dr Accounts Receivable $90,000

Cr Sales $90,000

30

Dr Notes Receivable $90,000

Cr Accounts Receivable $90,000

Aug. 29

Dr Cash $90,750

($90,000+$750)

Cr Notes Receivable $90,000

Cr Interest Revenue $750

($90,000 * 5% * 60/360)

bartleby Clayborn Corporation's net cash provided by operating activities was $118,800; its net income was $106,100; its income taxes were $46,900; its capital expenditures were $96,300; and its cash dividends were $30,200. Required: Determine the company's free cash flow. (Negative amounts should be indicated by a minus sign.)

Answers

Answer: -$7,700

Explanation:

The Free Cash Flow is the amount of after tax income that a company has that can go to both its shareholders and debt holders.

When using cash from operating activities, taxes have already been accounted for so it is calculated as:

= Net cash provided by operating activities - Capital expenditure - Cash Dividends

= 118,800 - 96,300 - 30,200

= -$7,700

Porter Corp. purchased its own par value stock on January 1, 2014 for $20,000 and debited the treasury stock account for the purchase price. The stock was subsequently sold for $12,000. The $8,000 difference between the cost and sales price should be recorded as a deduction from
a. additional paid-in capital to the extent that previous net "gains" from sales of the same class of stock are included therein; otherwise, from retained earnings.
b. additional paid-in capital without regard as to whether or not there have been previous net "gains" from sales of the same class of stock included therein.
c. retained earnings.
d. net income.

Answers

Answer: a. additional paid-in capital to the extent that previous net "gains" from sales of the same class of stock are included therein; otherwise, from retained earnings.

Explanation:

When a stock is sold for higher than its par value, the additional value is recorded in the additional paid-in capital account as a gain to equity.

If a treasury stock is sold for less than its cost, the difference between the selling price and the cost will be deducted from the additional paid in capital account but the only amount that is deductible is the gain that the company has made so far from selling stock above their par value.

If the loss from the treasury stock is more than this gain, the remainder will be deducted from the retained earnings account.

Cartwell Inc. makes picture frames which are sold in a local retail store and through various websites.
$ 19,500 4,900 WOod for frames Rent for retail store Depreciation on office equipment Assembly worker wages CEO's salary Glue and nails 780 2,950 4,450 1,150 2,400 7,800 1,550 Online sales commissions Glass for frames Depreciation on factory equipment Factory utilities Stain for frames 850 900 Required:
1. Determine the cost of direct material
2. Determine the cost of direct labor
3. Determine the cost of manufacturing overhead.
4. Determine the total manufacturing cost
5. Determine the total period cost.
6. Determine the total variable cost.
7. Determine the total fixed cost.
8. Determine the total prime cost.
9. Determine the total conversion cost

Answers

Answer:

Cartwell Inc.

1. Cost of direct material =  $27,300

2. Cost of direct labor = $2,950

3. Cost of manufacturing overhead = $4,450

4. Total manufacturing cost = $34,700

5. Total period costs = $12,530

6. Total variable cost = $34,700

7. Total fixed cost = $12,530

8. Total prime cost = $30,250

9. Total conversion cost = $7,400

Explanation:

a) Data and Calculations:

Wood for frames                               $ 19,500

Rent for retail store                               4,900

Depreciation on office equipment          780

Assembly worker wages                     2,950

CEO's salary                                         4,450

Glue and nails                                        1,150

Online sales commissions                  2,400

Glass for frames                                  7,800

Depreciation on factory equipment   1,550

Factory utilities                                      850

Stain for frames                                    900

1. Cost of direct materials:

Wood for frames                               $ 19,500

Glass for frames                                    7,800

Cost of direct materials =                 $27,300

2. Cost of direct labor:

Assembly worker wages                  $2,950

3. Cost of manufacturing overhead:

Glue and nails                                      $1,150

Depreciation on factory equipment    1,550

Factory utilities                                       850

Stain for frames                                     900

Cost of manufacturing overhead = $4,450

4. Total manufacturing cost:

Cost of direct materials =    $27,300

Cost of direct labor =               2,950

Manufacturing overhead =      4,450

Total manufacturing cost = $34,700

5. Total period costs:

Rent for retail store                               4,900

Depreciation on office equipment          780

CEO's salary                                         4,450

Online sales commissions                  2,400

Total period costs =                         $12,530

6. Total variable cost:

Wood for frames                               $ 19,500

Assembly worker wages                      2,950

Glue and nails                                         1,150

Online sales commissions                   2,400

Glass for frames                                   7,800

Stain for frames                                      900

Total variable cost =                        $34,700

7. Total fixed cost:

Rent for retail store                               4,900

Depreciation on office equipment          780

CEO's salary                                          4,450

Depreciation on factory equipment     1,550

Factory utilities                                        850

Total fixed cost =                              $12,530

8. Total prime cost:

Cost of direct materials =    $27,300

Cost of direct labor =               2,950

Total prime cost =               $30,250

9. Total conversion cost:

Cost of direct labor =               2,950

Manufacturing overhead =      4,450

Total conversion cost =         $7,400

Thế nào là toàn cầu hóa thị trường, toàn cầu hóa sản xuất?

Answers

Answer:

Toàn cầu hóa tiếp thị là một thuật ngữ tổng hợp kết hợp việc xúc tiến và bán hàng hóa và dịch vụ trong một nền kinh tế toàn cầu ngày càng phụ thuộc lẫn nhau và hội nhập. Nó làm cho các công ty không quốc tịch, không tường thành, với Internet trở thành một công cụ tiếp thị và văn hóa không thể thiếu.

Toàn cầu hóa sản xuất là sự hợp nhất các hoạt động kinh tế của các đơn vị tư bản trên phạm vi thế giới. Sản phẩm cuối cùng có thể được lắp ráp từ nhiều đơn vị riêng lẻ, được sản xuất ở một số lượng lớn các quốc gia khác nhau và có thể được sản xuất linh hoạt để đáp ứng nhu cầu thay đổi và để lấp đầy các ngóc ngách thị trường cá nhân.

Explanation:

Answer:

Toàn cầu hóa quá trình sản xuất là quá trình cung ứng hàng hóa và dịch vụ từ các nơi trên toàn cầu để khai thác, tận dụng sự khác biệt quốc gia về chi phí và chất lượng của các yếu tố sản xuất. Ví dụ như lao động, năng lượng, đất đai và vốn.

Toàn cầu hóa thị trường là việc thị trường quốc gia riêng biệt và đặc thù đang hội nhập dần hình thành thị trường toàn cầu. Việc dỡ bỏ các rào cản thương mại qua biên giới đã làm cho việc kinh doanh quốc tế ngày càng trở nên dễ dàng.  

Explanation: ...

Chad, who owns the only coffee shop in Rivercity, learns that Jose is about to open a competing coffee shop in the same small town, just a few blocks from Chad's. Chad offers Jose $10,000 in return for Jose's promise not to open a coffee shop in the Rivercity area for six months. Jose accepts the $10,000 but goes ahead with his plans, even though he had agreed not to do so. When Jose opens his coffee shop for business, Chad sues to enjoin Jose's continued operation or to recover the $10,000

Required:
Can Chad sues Jose?

Answers

Answer:

Rivercity Coffee Shop

Chad cannot sue Jose.  The $10,000 is paid to Jose is a bribe.  Since a bribe is not legal, it cannot form the basis for an enforceable contract.

Moreover, the offer by Chad is an antitrust and anti-competition consideration that is legally frowned upon. illegal contract

Explanation:

For a contract to be enforceable, it cannot be illegal.  A bribe is illegal.  The basis for the contract is illegal.  Therefore, Chad cannot sue Jose.  Since Jose decided to breach the contract, neither Chad nor Jose is entitled to any compensation.  Jose cannot be held liable for non-performance.

A corporate bond returns 12 percent of its cost (in PV terms) in the first year, 11 percent in the second year, 10 percent in the third year and the remainder in the fourth year. What is the bond's duration in years?

Answers

Answer: 3.32 years

Explanation:

The remainder return in the fourth year will be calculated as:

= 1 - 0.12 - 0.11 - 0.10

= 0.67

Year 1:

Return = 12% = 0.12

Year × Return = 1 × 0.12 = 0.12

Year 2

Return = 11% = 0.11

Year × Return = 2 × 0.11 = 0.22

Year 3

Return = 10% = 0.10

Year × Return = 0.30

Year 4

Return = 0.67

Year × Return = 2.68

Bond's duration = 0.12 + 0.22 + 0.30 + 2.68 = 3.32 years

The following events apply to Guiltf Seafood for the 2018 fiscal year 1.

a. The company started when it acquired $17,000 cash by issuing common stock.
b. Purchased a new cooktop that cost $16,900 cash. Earned $22,500 in cash revenue.
c. Paid $10,300 cash for salaries expense.
d. Adjusted the records to reflect the use of the cooktop. Purchased on January 1, Year 1, the cooktop has an expected useful life of four years and an estimated salvage value of $2,200. Use straight-line depreciation. The adjustment was made as of December 31, Year 1.

Required:
Record the above transactions in a horizontal statements model.

Answers

Answer:

Gulf Seafood

Horizontal Statements Model:

    Balance Sheet                             Income Statement               Cash Flows

    Assets  =  Liabilities + Equity    Revenue - Expenses = Income

a.   $17,000               0  + $17,000                                                      FA

b.   $16,900 ($16,900)                                                                         IA

   $22,500                     $22,500  $22,500                                      OA

c. ($10,300)                    ($10,300)                  ($10,300)                     OA

d.  ($3,675)                      ($3,675)                   ($3,675)                      None

  $25,525         =    0 + $25,525  $22,500 - $13,675  = $8,825

Explanation:

a) Data and Analysis:

a. Cash $17,000 Common stock $17,000

b. Equipment $16,900 Cash ($16,900)

Cash $22,500 Revenue $22,500

c. Cash ($10,300) Salaries Expense ($10,300)

d. Accumulated Depreciation ($3,675) Depreciation Expense ($3,675)

The following transactions were completed by the company.

a. The owner invested $17,200 cash in the company in exchange for its common stock.
b. The company purchased supplies for $1,050 cash.
c. The owner invested $11,100 of equipment in the company in exchange for more common stock.
d. The company purchased $310 of additional supplies on credit.
e. The company purchased land for $10,100 cash.

Required:
Write the impact of each transaction on individual items of the accounting equation.

Answers

Answer:

Account Equation Impact:

Assets                                      =         Liabilities  +     Equity

a. Cash $17,200                                                    Common stock $17,200

b. Supplies $1,050 Cash ($1,050)

c. Equipment $11,100                                             Common stock $11,100

d. Supplies $310                      Accounts Payable $310

e. Land $10,100 Cash ($10,100)

Total assets    $48,610      =                       $310   +                       $28,300

Explanation:

a) Data and Analysis According to Accounting Equation Impact:

a. Cash $17,200 Common stock $17,200

b. Supplies $1,050 Cash ($1,050)

c. Equipment $11,100 Common stock $11,100

d. Supplies $310 Accounts Payable $310

e. Land $10,100 Cash ($10,100)

In regards to a Construction Management Class:
Leadership for strong management can influence the ____________________ of a project.

Answers

It can influence it to be better
It could be outcome? I’m not 100% sure.

Five individuals organized Miami Music Corporation on January 1. At the end of January 31, the following monthly financial data are available:

Total Revenues…………………………....... $131,000
Operating Expenses………………………… 90,500
Cash…………………………………………...........30,800
Accounts Receivable……………………… .25,300
Supplies……………………………………..........40,700
Accounts Payable…………………………... 25,700
Common Stock………………………………...30,600

Required:
a. Did Miami Music Corporation generate a profit? Which financial statement indicates this?
c. Does Miami Music Corporation have sufficient resources to pay its liabilities? Which financial statement indicates this?

Answers

Answer:

a. Profit(loss) = Total revenue - Total expenses

= 131,000 - 90,500

= $41,000

The company did in fact generate profit of $41,000 and this can be shown from the Income Statement which is where profit or loss is calculated.

b. A company uses its assets to pay off its liabilities so if the liabilities are less than the assets then the company is capable of paying off its liabilities:

Assets = Cash + Accounts Receivable + Supplies

= 30,800 + 25,300 + 40,700

= $96,800

Liabilities are just the Accounts Payable of $25,700.

Liabilities are less than Assets so Miami Music does indeed have sufficient resources to pay its liabilities.

This information comes from the Balance Sheet which is where assets and liabilities are shown.

You have just started a new job and plan to save $5,200 per year for 36 years until you retire. You will make your first deposit in one year. How much will you have when you retire if you earn an annual interest rate of 9.54 percent?
a. $1,331,411.17
b. $1,394,509.68
c. $1,346,423.14
d. $1,268,312.65
e. $1,333,878.83

Answers

Answer:

$1,394,509.68

Explanation:

Savings amount = $5200

Period = 36 years

Interest = 9.54 percent

We solve for the future value of the annuity

= $5200[(1+0.0954)³⁶-1/0.0954]

= 5200 x [1.0954³⁶-1/0.0954]

= 5200 x 268.1749

= 1,394,509.681 dollars

Therefore after retirement and at an interest rate of 9.54 percent, you would be earning 1,394,509.681 dollars.

Option b.

Delta airlines is consider purchase of two alternative planes. Plane A has an expected life of 5 years, will cost $100 million and will produce net cash flow of $30 million per year. Plane B has a life of 10 years, will cost $132 million, and will produce net cash flows of $25 million per year. Delta plans to serve the route for only 10 years. Delta's cost of capital is 12% and the inflation is expected to be zero. what is the equivalent annual annuity of plane A

Answers

Answer:

$2.26 million

Explanation:

Plane A:

Initial outlay = $100 million

Annual cash flows = $30 million

Expected life = 5 years

Cost of capital = 12%

EAW = (r x NPV) / [1 - (1 + r)⁻ⁿ]

Using a financial calculator: NPV = $8.14 million

EAW = (12% x $8.14) / [1 - (1 + 12%)⁻⁵] = $0.9768 / 0.432573 = $2.2581 ≈ $2.26 million

East Valve Distributors distributes industrial valves and control devices. The Eastern control device has an annual demand of 9,375 units and sells for $100 per unit. The cost of ordering is $40 per order and the average carrying cost per unit per year is $0.75. Determine the economic order quantity.

Answers

Answer:

1000

Explanation:

Given:

Annual DEMAND, D = 9375

Holding cost, H = 0.75

Cost per order, S = 40

The Economic order quantity :

EOQ = √[(2 * D * S) / H]

EOQ = √[(2 * 9375 * 40) / 0.75]

EOQ = √[(750000) / 0.75]

EOQ = √1000000

EOQ = 1000

Selected current year company information follows: Net income $ 16,753 Net sales 720,855 Total liabilities, beginning-year 91,932 Total liabilities, end-of-year 111,201 Total stockholders' equity, beginning-year 206,935 Total stockholders' equity, end-of-year 133,851 The total asset turnover is: (Do not round intermediate calculations.)

Answers

Answer:

the total asset turnover is 2.65 times

Explanation:

The computation of the  total asset turnover is shown below;

As we know that

Total assets turnover is

= Net sales ÷ average of total assets

= $720,855 ÷ ($91,932 + $206,935 + $111,201 + $133,851) ÷ 2

= $720,855 ÷ $271,959.50

= 2.65 times

Hence, the total asset turnover is 2.65 times

In Myanmar​, six ​laborers, each making the equivalent of $3.00 per​ day, can produce 40 units per day. In China​, ten ​laborers, each making the equivalent of $2.00 per​ day, can produce 45 units. In Billings, Montana​, two ​laborers, each making $60.00 per​ day, can make 100 units. Based on labor cost per unit​ only, the most economical location to produce the item is

Answers

Answer:

China

Explanation:

Calculation to determine which location would be most economical to produce the item

Using this formula

LaborCost per Unit=Labor Cost per Day/Production(units per day)

Let plug in the formula

Myanmar = 6 Laborers x $3/day = $18/day

Myanmar=$18/day/ 40 units

Myanmar= $0.45/unit

China = 10 Laborers x $2/day = $20/day

China= $20/day/ 45 units

China= $0.444/unit

Montana = 2 Laborers x $60/day = $120/day

Montana= $120/day/100 units

Montana = $1.20/unit

Therefore the location that would be most economical to produce the item is CHINA

what is the effect on the market when suppliers under invest in their business​

Answers

When a supplier under invests in their business, they may run out of a product if it is high demand. Without enough product, this will increase the demand and increase prices. Law of supply & demand. Kind of like the housing market in the US is now.

A stock has an average expected return of 9.7 percent for the next year. The beta of the stock is 1.34. The T-Bill rate is 5.2% and the T-Bond rate is 3%. What is the market risk premium

Answers

Answer:

3.4%

Explanation:

According to the capital asset price model: Expected rate of return = risk free + beta x (market rate of return - risk free rate of return)

9.7 = 5.2 + 1.34(x - 5.2)

9.7 - 5.2 =  1.34(x - 5.2)

3.35 = x - 5.2

EBI Solar uses a high-tech process to turn silicon wafers into tiny solar panels. These efficient and inexpensive panels are used to power low-energy hand-held electronic devices. Last year, EBl Solar turned their inventory 3.7 times and had a cost of goods sold of $2.8 million. Assume 52 business weeks per year.

a. Express last years average inventory in weeks of supply.
b. After several supply chain improvement initiatives, inventory investment has dropped across all inventory categories. While EBl's cost of goods sold is not expected to change from last year's level, the value of raw materials has dropped to $95,000; work-in-process to $26,000; and finished goods to $15,800. Assuming 52 business weeks per year, express EBl's current total inventory level in weeks of supply and inventory turns.

Answers

Answer:

EBI Solar

a. Weeks of supply = 14.05 weeks

b. Inventory turnover = 20.5x

Weeks of supply = 2.5 weeks

Explanation:

a) Data and Calculations:

Inventory turnover = 3.7 x

Cost of goods sold = $2.8 million

Average inventory = $756,757 ($2,800,000/3.7)

Current value of inventory:

Raw materials = $95,000

Work-in-process  26,000

Finished goods    15,800

Total =              $136,800

a. Weeks of supply = 14.05 weeks (52/3.7)

b. Inventory turnover = 20.5x ($2,800,000/$136,800)

Weeks of supply = 2.5 weeks (52/20.5)

The ledger of Mai Company includes the following accounts with normal balances: D. Mai, Capital $9,000; D. Mai, Withdrawals $800; Services Revenue $13,000; Wages Expense $8,400; and Rent Expense $1,600. Prepare the necessary closing entries from the available information at December 31.

Answers

Answer: See explanation

Explanation:

The necessary closing entries from the available information at December 31 will be calculated thus:

1. Dec 31

Dr Services Revenue $13000

Cr Income Summary $13000

2. Dec 31

Dr Income Summary $10000

Cr Wages expense $8400

Cr Rent expense $1600

3. Dec 31

Dr Income Summary = $13000 - $10000 = $3000

Cr D. Mai, Capital $3000

4. Dec 31

Dr D. Mai, Capital $800

Cr D. Mai, Withdrawals $800

Benny is the manager of an office-support business that supplies copying, binding, and other services for local companies. He must replace a worn-out copy machine that is used for black-and-white copying. He is considering two machines, and each of these has a monthly lease cost plus a cost for each page that is copied. Machine 1 has a monthly lease cost of $619, and there is a cost of $0.030 per page copied. Machine 2 has a monthly lease cost of $675, and there is a cost of $0.028 per page copied. Customers are charged $.16 per page copied. If Benny expects to make 105,000 copies per month, what would be the monthly cost for each machine

Answers

Answer:

Machine one cost:

= Fixed cost + Variable cost

The Fixed cost is the lease cost and the variable cost is the cost per page copied. The number of pages is 105,000 and the cost per page for machine 1 is $0.030

= 619 + (0.030 * 105,000)

= $3,769 monthly

Machine two cost:

= 675 + (0.028 * 105,000)

= $3,615 monthly

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