Answer:
The quantity of burritos that should be purchased is 6.
Explanation:
Note: The data in this question are merged together. They are therefore sorted before answering the question. See the attached pdf file for the complete question with the sorted data.
The explanation to the answer is now given as follows:
Also note: See the attached excel file for the calculation of ratios of Marginal Utility to Price for Taco and Burrito.
The quantity of burritos to purchase by determining the point at which the ratios of Marginal Utility to Price of Taco and Burrito are equal.
In economics, utility from two or more goods is maximized at a point where the ratios Marginal Utility to Price of the two or more goods are equal.
For Taco and Burrito in the attached excel file in red color, utility is therefore maximized where we have:
Marginal Utility of Taco / Price of Taco = Marginal Utility Burrito / Price of Burrito = 4.00
At this point, Quantity of Taco is 5 while Quantity of Burritos is 6.
At this point, the total budget of $28 is exhauted as it is equal to the total expenses on Taco and Burrico. This can be confirmed as follows:
Total expenses = (Quantity of Tacos * Price of Taco) + (Quantity of Burritos * Price of Burrito) = (5 * $2) + (6 * $3) = $10 + $18 = $28
Therefore, the quantity of burritos that should be purchased is 6.
a firm has total interest charges of $10,000 per year, sales of $1 million, a tax rate of 40 percent, and a net profit margin of 6 percent. What is the firm's times interest earned ratio
Answer:
10400
Explanation:
The firm's times interest earned ratio is 10.
What is interest?
Someone borrows money during a hard time, they are paying additional amount, which is an interest. In monetary terms, interest is a yearly percentage of the loan amount. Different categories, including simple interest, compound interest, and annual interest, are used to categorize the loan.
The given amount is:
Interest charge = $10,000Sales = $1,000,000Tax rate = 40%Net profit margin = 6%firm's net income:
Net income = sales × net profit margin.
Net income = $1,000,000 × 6%
Net income = $60, 000
earnings before interest and taxes (EBIT)
EBIT = [tex]\frac{Net income}{1 - tax rate}[/tex]
EBIT = [tex]\frac{60,000}{1 - 40}[/tex]% (1 - 40%)
EBIT = 1000, 000
The firm's times-interest-earned ratio (TIE):
TIE = [tex]\frac{EBIT}{Interest charge}[/tex]
TIE = [tex]\frac{100, 000}{10, 000}[/tex]
TIE = 10
As a result, the times interest earned ratio is 10.
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Which services would a charitable organization provide? Check all that apply. preserving waterways operating a city aquarium opening an animal shelter inventing a new pet feeder owning a pet store franchise
Answer:
preserving waterways
operating a city aquarium
opening an animal shelter
Explanation:
edge 2020
In this context, the services that a charitable organization will provide includes:
Preserving waterwaysOperating a city aquariumOpening an animal shelterWhat is a charitable organization?This is a nonprofit organization that is created to advance some form of public benefit to the people.
These organization are established by individual or companies with an objectives of philanthropy and promotion of social well-being.
Therefore, the Option A, B and C is correct.
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What is porter's 5 forces?
Answer:
Porter's Five Forces is a framework for analyzing a company's competitive environment.
The number and power of a company's competitive rivals, potential new market entrants, suppliers, customers, and substitute products influence a company's profitability.
Explanation:
(Table) Germany has a comparative advantage in producing
Sweaters
Germany 6
Greece
4
Skirts
12
20
sweaters and skirts.
skirts only.
sweaters only.
neither good.
Answer:
sweaters only.
Explanation:
Comparative advantage is the ability of a firm or country to produce products using fewer resources than others. An institution or nation with a comparative advantage in producing certain goods or services will sell them at a lower price compared to others.
Given the same quantity of inputs, a country or company with a comparative advantage will produce more output units than the rivals. Germany has a comparative advantage over Greece in making sweaters. With the same inputs, Germany will produce six sweaters while Greece will produce four. However, Greece has a comparative advantage over Germany in making skirts.
Social Security benefits are increased each year in proportion to the increase in the CPI, even though most economists believe that the CPI overstates actual inflation. True or False: If the elderly consume the same market basket as other people, then Social Security would provide a decrease in their standard of living. True False Healthcare costs have risen faster than overall inflation. True or False: If the elderly consume a market basket that includes more healthcare than other people, then Social Security necessarily provides an increase in their standard of living. True False
Answer:
1. False
2. False
Explanation:
1. Let's say social security increases as CPI goes up and in the same rate, then the elderly would be better off. in this case here there's is an overstatement of the cost of living. less expensive goods would be substituted for goods in consumer basket as prices rise. so this statement is false
2. this is false because since the healthcare inflation has gone up than what actual inflation was then we would have the adjusted security behind the actual increase in social security that is needed.
Product White Fragrant Loonzain Total Percentage of total sales 48 % 20 % 32 % 100 % Sales $ 312,000 100 % $ 130,000 100 % $ 208,000 100 % $ 650,000 100 % Variable expenses 93,600 30 % 104,000 80 % 114,400 55 % 312,000 48 % Contribution margin $ 218,400 70 % $ 26,000 20 % $ 93,600 45 % 338,000 52 % Fixed expenses 233,480 Net operating income $ 104,520 Dollar sales to break-even = Fixed expenses = $233,480 = $449,000 CM ratio 0.52 As shown by these data, net operating income is budgeted at $104,520 for the month and the estimated break-even sales is $449,000. Assume that actual sales for the month total $650,000 as planned. Actual sales by product are: White, $208,000; Fragrant, $260,000; and Loonzain, $182,000. Required: 1. Prepare a contribution format income statement for the month based on the actual sales data. 2. Compute the break-even point in dollar sales for the month based on your actual data.
Answer:
1) contribution format income statement
Product
White Fragrant Loonzain Total
Actual sales $208,000 $260,000 $182,000 $650,000
Variable exp. $62,400 (0.3) $208,000 (0.8) $100,100 (.55) $370,500
Con. margin $145,600 (0.7) $51,200 (0.2) $81,900 (.45) $278,700
Fixed expenses $233,480
Operating income $45,220
2) break even point in dollar sales = fixed expenses / CM ratio = $233,480 / ($278,700 / $650,000) = $544,535.34
Although GDP is a reasonably good measure of a nation’s output, it is not an accurate measure of a nation’s well-being. Which of the following options are either not accounted for or are measured inaccurately in calculations of GDP for the United States? Check all that apply. The variety of goods available to consumers The parts of a car manufactured in the United States that are produced in Canada The value of babysitting services, when the babysitter is paid in cash and the transaction isn’t reported to the government The loss of enjoyment people incur when scenic land is converted to commercial use Federal government paychecks to soldiers
Which of the following best describes the main difference between B2B and B2C transactions? B2B transactions involve transactions where the buyers and sellers are both businesses, while B2C involves transactions between businesses and consumers. B2B transactions focus on financial transactions while B2C e-commerce focuses on the sale of manufactured goods. B2B transactions refer to business between nonprofit organizations while B2C e-commerce is carried out by business firms seeking to earn a profit. B2B transactions involve sales in foreign markets while B2C e-commerce is restricted to domestic markets.
Answer: B2B transactions involve transactions where the buyers and sellers are both businesses, while B2C involves transactions between businesses and consumers.
Explanation:
Business-to-business transactions are simply regarded as the transactions that takes place between one business and another business. This can occur when the business is looking for inputs for its production process.
Business-to-consumer transactions simply regarded as the transactions that takes place between a business and the customers. This occurs when a business sells its goods or services to the customers directly without the goods passing through the middlemen.
Which of the following are benefits of private student loans?
-Can get a better rate with a parent co-signing the Lon
-Applications and processing time is very short, which means students get money faster
-Loans can be larger to cover the actual cost of attendance
-Borrowers can receive additional discounts such as good discount for good grades
-All the above
Answer:
Try all of the above. I hope this helped!
Lexington Company engaged in the following transactions during Year 1, its first year in operation: (Assume all transactions are cash transactions.) Acquired $3,200 cash from issuing common stock. Borrowed $2,300 from a bank. Earned $3,200 of revenues. Incurred $2,420 in expenses. Paid dividends of $420. Lexington Company engaged in the following transactions during Year 2: (Assume all transactions are cash transactions.) Acquired an additional $600 cash from the issue of common stock. Repaid $1,370 of its debt to the bank. Earned revenues, $4,600. Incurred expenses of $2,790. Paid dividends of $760. What was the amount of retained earnings that will be reported on Lexington's balance sheet at the end of Year 1?
Answer:
Retained Earnings Balance at end of Year 1 = $360
Explanation:
First we need to determine the profit/loss for the year as part of the retained earnings calculation.
Lexington Company
Income Statement for the year ended - Year 1
Revenue Earned $3,200
Less Expenses ($2,420)
Net Income / (Loss) $780
Then we calculate the Retained Earnings Balance
Retained Earnings Statement
Beginning Retained Earnings Balance $ 0
Add Profit earned during the year $780
Less Dividends ($420)
Ending Retained Earnings Balance $360
The use of a debit card is most like:
Tim Urban, owner/manager of Urban's Motor Court in Key West, is considering outsourcing the daily room cleanup for his motel to Duffy's Maid Service. Tim rents an average of 50 rooms for each of 365 nights (365 times 50 equals the total rooms rented for the year). Tim's cost to clean a room is $12.50. The Duffy's Maid Service quote is $18.50 per room plus a fixed cost of $25, 000 for sundry items such as uniforms with the motel's name. Tim's annual fixed cost for space, equipment, and supplies is $61, 000. Based on the given information related to costs for each of the options, the crossover point for Tim = _________room nights (round your response to the nearest whole number). If the number of room nights is less than the crossover point, then_________ is the best option available to Tim. Based on the given room nights that Tim expects to rent (18, 250), the best option is to___________
Answer:
Based on the given information related to costs for each of the options, the crossover point for Tim = 6,000 room nights (round your response to the nearest whole number). If the number of room nights is less than the crossover point, then OUTSOURCING (Duffy's Maid Service) is the best option available to Tim. Based on the given room nights that Tim expects to rent (18, 250), the best option is to keep doing the service INSOURCING (doing it himself).
Explanation:
Currently, before outsourcing, Tim's total cost = $228,125 + $61,000 = $289,125. On average, he spends $15.84247 per room.
The Duffy's Maid Service offer would represent a total cost of $337,625 + $25,000 = $362,625 for the same occupation level.
the crossover point for Tim:
12.5x + 61,000 = 18.5x + 25,000
36,000 = 6x
x = 6,000 room nights
(6,000 x 12.50) + 61,000 = (6,000 x 18.50) + 25,000 = $136,000
How can you leverage your strength in the workplace? How can you strengthen your weakness? Not real good on business please helpp!!!!
Answer:
in a workplace it is about teamwork to accomplish a common goal if you are good at something it makes you an asset to the company you help coworkers in that area if you have a weakness you work with coworkers to educate yourself in that area so that in the future you can do better
The best estimate of the total cost to manufacture 5,100 units is closest to: (Round your intermediate calculations to 2 decimal places.)
Answer:
a. $1,009,560
Explanation:
Note: The full question is attached
Variable portion = (Total overhead for 5,400 units - Total overhead for 4,400 units) / (5,400 units - 4,400 units)
Variable portion = [($68.30)(5,400) - ($74.30)(4400)/(5,400 - 4,400)
Variable portion = (368,820 - 326,920)/1000
Variable portion = 41.9
Total cost for manufacturing 5,100 units = (5,100) ($77.90 + $50.20 +$ 41.90 )+ (368,820 - (5,400)(41.90)
Total cost for manufacturing 5,100 units = $867,000 + $142,560
Total cost for manufacturing 5,100 units = $1,009,560
Sort each statement as either true or false. Items (4 items) (Drag and drop into the appropriate area below) Comparative advantage is not an important aspect of specialization and trade.Trade helps to create additional growth through specialization.Everyone benefits with globalized trade.Voluntary trade among rational individuals creates value for everyone involved.
Answer:
Sorting statements as either true or false:
True:
Trade helps to create additional growth through specialization.
Voluntary trade among rational individuals creates value for everyone involved.
False:
Comparative advantage is not an important aspect of specialization and trade.
Everyone benefits with globalized trade.
Explanation:
It is not everyone who benefits with globalized trade. Those who benefit most are those countries that have developed some comparative and competitive advantages. Comparative advantage is the fulcrum of international trade. It ensures that countries engage in trade with others in order to export the goods in which they have some advantages over others.
Blue Corporation is preparing its December 31, 2017, balance sheet. The following items may be reported as either a current or long-term liability.
1. On December 15, 2017, Blue declared a cash dividend of $4.00 per share to stockholders of record on December 31. The dividend is payable on January 15, 2018. Blue has issued 1,000,000 shares of common stock, of which 50,000 shares are held in treasury.
2. At December 31, bonds payable of $111,437,000 are outstanding. The bonds pay 12% interest every September 30 and mature in installments of $27,859,250 every September 30, beginning September 30, 2018.
3. At December 31, 2016, customer advances were $14,726,000. During 2017, Blue collected $30,502,000 of customer advances; advances of $26,172,000 should be recognized in income.
For each item above, indicate the dollar amounts to be reported as a current liability and as a long-term liability, if any.
Reported as
1. Dividends payable $
Current LiabilityLong-term Liability
2. Bonds payable (September 30, 2018 installment) $
Current LiabilityLong-term Liability
Bonds payable (Other than September 30, 2018 installment) $
Current LiabilityLong-term Liability
Interest payable $
Current LiabilityLong-term Liability
3. Customer advances $
Current LiabilityLong-term Liability
Answer:
Current Liabilities are obligations that a company owes that will be paid or settled within a year.
1. Dividends Payable - Current Liabilities
= (Issued stock - treasury stock) * Dividend per share
= (1,000,000 - 50,000) * 4
= $38,000,000
2. Bonds payable (September 30, 2018 instalment) - Current Liabilities
= $27,859,250
Bonds payable (Other than September 30, 2018 instalment) - Long-term Liability
This debt is not to be paid within a year so is a long-term liability.
= Amount outstanding - Annual instalment
= 111,437,000 - 27,859,250
= $83,577,750
Interest Payable - Current Liabilities
Last paid interest in September so by December 3 months would have elapsed.
= 111,437,000 * 3/12 * 12%
= $3,343,110
3. Customer Advances = Current Liabilities
Advances are liabilities as they represent services owed to customers.
= Beginning Advances + Advances - Advances recognized
= 14,726,000 + 30,502,000 - 26,172,000
= $19,056,000
Med Max buys surgical supplies from a variety of manufacturers and then resells and delivers these supplies to dozens of hospitals. In the face of declining profits, Med Max decided to implement an activity-based costing system to improve its understanding of the costs incurred to serve each hospital. The company broke its selling and administrative expenses into four activities as shown below: Activity Cost Pool Activity Measure Total Cost Total ActivityCustomer deliveries Number of deliveries $ 361,900 4,700Manual order processing Number of manual orders 266,400 3700 Electronic order processing Number of electronic orders 191,540 12200 Line item picking Number of line items picked 518,000 370000 Total selling and administrative expenses $ 1,337,840 Med Max gathered the data below for two of the many hospitals that it servesâCity General and County General: Activity Activity Measure City General County GeneralNumber of deliveries 15 30Number of manual orders 0 60 Number of electronic orders 20 0 Number of line items picked 130 290 Required: 1. Compute the activity rate for each activity cost pool. 2. Compute the total activity costs that would be assigned to City General and County General.
Answer:
Results are below.
Explanation:
First, we need to calculate the predetermined overhead rate for each activity:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Customer deliveries= 361,900/4,700= $77 per delivery
Manual order processing= 266,400/3,700= $72 per manual order
Electronic order processing= 191,540/12,200= $15.7 per electronic order
Line item picking= 518,000/370,000= $1.4 per line item picked
Now, we can allocate costs to each hospital:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
City general:
Customer deliveries= 77*15= 1,155
Electronic order processing= 15.7*20= 314
Line item picking= 1.4*130= 182
Total costs= $1,651
County General:
Customer deliveries= 77*30= 2,310
Manual order processing= 72*60= 4,320
Line item picking= 1.4*290= 406
Total costs= $7,036
PLEASE HELP!!! I need to come up with a unique business that would be convenient in a high school. It can be one that sells food, drinks, etc
Vanessa Jones is the assistant chief accountant at IBT Company, a manufacturer of computer chips and cellular phones. The company presently has total sales of $20 million. It is the end of the first quarter and Vanessa is hurriedly trying to prepare a trial balance so that quarterly financial statements can be prepared and released to management and the regulatory agenicies. THe total credits on the trial balance exceed the debits by $1,000.
In order to meet the 4pm deadline, Vanessa decides to force the debits and credits into balance by adding the amount of the difference to the Equipment account. She chose Equipment because it is one of the larger account balances; percentage wise, it will be the least misstated. Vanessa plugs the difference! She believes that the difference is quite small and will not affect anyone's decisions. She wishes that she had another few days to find the error but realizes that the financial statements are already late.
A. Who are the stakeholders in this situation?
B. What ethical issues are involved?
C. What are Vanessa's alternatives?
Answer and Explanation:
The stakeholders include:
1. The rush in preparing the financial statements for the quarter
2. The overstatement of an account by $1000 on either the debit or credit side of the trial balance
Ethical issues:
1. She has been dishonest by plugging a figures $1000 into a wrong account
2. There could be loss of cash as the difference of $1000 could be caused by a liability account
Alternatives:
1. A suspense account could have been opened for the difference of $1000 and plugged into the trial balance
2. An account with the difference $1000 unknown could have been opened
Texteriles Company creates different types of bolts of cloth. These bolts of cloth are made on the same machinery. The textile machines have the capacity of 3,600 hours per month. Texteriles is considering producing three different types of cloth: denim, chenille, and gauze, with contribution margins per bolt of $14, $22, and $9, respectively. Texteriles knows it can sell only a total of 6,000 bolts of denim, 2,000 bolts of chenille, and/or 1,200 bolts of gauze. A bolt of each type of cloth requires a different amount of machine time as follows: denim takes 0.5 machine-hours, chenille takes 1 machine-hour, and gauze takes 0.3 machine-hours. What combination of products will maximize the profits of Texteriles
Answer:
Combination of products shall be:
Denim = 6,000 bolts
Chenille = 240 bolts
Gauze = 1,200 bolts
Explanation:
As provided the machine hours are limited thus, the constraint is machine hours.
Accordingly contribution per machine hour shall be computed.
Denim has contribution of $14 for each 0.5 machine hour, thus, contribution per hour = [tex]\frac{14}{0.5} = 28[/tex]
Chenille has contribution of $22 per machine hour
Gauze has contribution of $9 per 0.3 hours, thus contribution per machine hour = [tex]\frac{9}{0.3}[/tex] = $30
According to contribution per hour, ranking of products shall be
Gauze I
Denim II
Chenille III
Therefore, bolts of gauze to be produced = 1,200 that is maximum
Hours required = 1,200 [tex]\times[/tex] 0.3 = 360
Hours remaining = 3,600 - 360 = 3,240
Bolts of Denim to be produced = 6,000 that is maximum
Hours required = 6,000 [tex]\times[/tex] 0.5 = 3,000
Hours remaining = 3,240 - 3,000 = 240
Bolts of Chenille that can be produced = [tex]\frac{240\ hours}{1\ bolt\ per\ hour}[/tex] = 240 bolts
Total contribution in this case
= (1,200 [tex]\times[/tex] $9) + (6,000 [tex]\times[/tex] $14) + (240 [tex]\times[/tex] $22)
= ($10,800 + $84,000 + $5,280)
= $100,080
Timothy wants to cut costs in his company to increase the profitability of production. Which tactic should Timothy utilize to cut the costs and maintain the quality of output?
A.
using shorter transport routes
B.
use low-grade raw materials
C.
overworking the employees
D.
overstocking the input
Answer right gets
Answer:
A
Explanation:
Answer:
A) using shorter transport routes
Explanation:
I took the test, and just got it correct
Palmona Co. establishes a $140 petty cash fund on January 1. On January 8, the fund shows $29 in cash along with receipts for the following expenditures: postage, $46; transportation-in, $14; delivery expenses, $16; and miscellaneous expenses, $35. Palmona uses the perpetual system in accounting for merchandise inventory. Prepare journal entries to (1) establish the fund on January 1, (2) reimburse it on January 8, and (3) both reimburse the fund and increase it to $190 on January 8, assuming no entry in part 2. Hint: Make two separate entries for part 3.
Answer:
Entries are posted
Explanation:
We will record assets and expenses on the debit as they increase during the year and will record liabilities and capital on the credit side as they increase during the year or vice versa.
January 1 (Cash fund being recorded in petty cash)
Account Debit Credit
Petty Cash $140
Cash $140
January 8
Postage $46
transportation-in $14
delivery expenses, $16
miscellaneous expenses, $35
Cash $111
January 8 ( petty cash funds being increased )
Pettcash $50
Cash $50
If you have a bank account whose principal = $1000, and your bank compounds the interest twice a year at an interest rate of 5%, how much money do you have in your account at the year's end?
Answer:
1,050.63
Explanation:
The amount in the bank will be the same as the future value of the principal amount at 5% interest. The formula for calculating compound interest is
FV = PV × (1+r)n
where FV = Future Value
PV = Present Value
r = annual interest rate
n = number of periods
In this case, Pv =$1000, r =5%, n =2. since there two periods in the year, the interest rate will be divided by two, 5%/2= 2.5%
FV= 1000 x (1+2.5/100) 2
Fv = 1000 x ( 1 + 0.025)2
fv = 1000 x 1.050625
fv= 1,050.625
The amount will be $ 1,050.625
XYZ commenced operations on January 1st 2019. The unadjusted Trial Balance for the first year of operations is given below: XYZ limited Unadjusted Trial Balance for the year ended 12/31/2019 Dr Cr Cash 40,000 Supplies 40,000 Accounts receivable 40,000 Equipment 200,000 Notes Payable 60,000 Contributed Capital 40,000 Revenue 300,000 Wages Expenses 60,000 Other Expenses 20,000 Total 400,000 400,000 Notes: Supplies in the warehouse as of 12/31/2019 were determined to be $10,000 Equipment was purchased on 01/01/2019 and will be depreciated over 5 years. There is no salvage value. After the unadjusted trial balance was prepared, Dividends of $30,000 were declared for the year ended 12/31/2019. Prepare an Income Statement and Balance Sheet in good form (i.e. Important to show the headings correctly).
Answer:
XYZ
Income Statement
for the year ended December 31, 2019
Revenue $300,000
Expenses:
Wages Expenses 60,000
Other Expenses 20,000
Supplies Expense 30,000
Depreciation Exp. 40,000 150,000
Net Income $150,000
Dividends declared (30,000)
Retained Earnings $120,000
Balance Sheet
As of December 31, 2019:
Assets:
Current Assets:
Cash 40,000
Supplies 10,000
Accounts receivable 40,000
Total current assets $90,000
Equipment 200,000
less Depreciation (40,000) 160,000
Total assets $250,000
Liabilities + Equity
Liabilities:
Dividends payable 30,000
Notes Payable 60,000
Contributed Capital 40,000
Retained Earnings 120,000
Total liabilities + Equity $250,000
Explanation:
Unadjusted Trial Balance
as of December 31, 2019
Dr Cr
Cash 40,000
Supplies 40,000
Accounts receivable 40,000
Equipment 200,000
Notes Payable 60,000
Contributed Capital 40,000
Revenue 300,000
Wages Expenses 60,000
Other Expenses 20,000
Total 400,000 400,000
Supplies Expense $30,000
Supplies balance = $10,000
Depreciation of Equipment = $40,000 ($200,000/5)
Dividends declared = $30,000
Which of the following mechanisms would be most likely to help motivate managers to act in the best interests of shareholders? a. Take actions that reduce the possibility of a hostile takeover. b. Decrease the use of restrictive covenants in bond agreements. c. Increase the proportion of executive compensation that comes from stock options and reduce the proportion that is paid as cash salaries. d. Elect a board of directors that allows managers greater freedom of action.
Answer:
c. Increase the proportion of executive compensation that comes from stock options and reduce the proportion that is paid as cash salaries.
Explanation:
Agency problem arises when the interest of shareholders and managers are at odds.
BY increasing the proportion of compensation from stock options, managers would be more interested taking actions that would increase stock value because if stock value increases, managers income would also increase.
QUESTION 4. Consider the following game. Player 1’s payoffs are listed first, in bold: Player 2 X Y Player 1 U 100 , 6 800 , 4 M 0 , 0 200 , 1 D 10 , 20 20 , 20 a. Imagine that Player 1 makes a decision first and Player 2 makes a decision after observing Player 1’s choice. Write down every subgame-perfect Nash equilibrium of this game. b. Does the outcome above differ from the Nash equilibrium (if the game were played simultaneously)? Carefully explain why, intuitively, the result differs or does not differ.
Answer:
attached below is remaining part of the detailed solution
A) SPNE = ( M,Y )
B) PSNE = ( U,Y )
Explanation:
A) write down every subgame-perfect Nash equilibrium of the game
attached below
The second player can observe the first player's choice before making his own choice and the first player will always play M knowing that the second player will observe him, also the second player will play Y
Therefor the SPNE of the game will be : ( M,Y )
B) If the game were played simultaneously the results will be different and this is because the second player doesn't have the information of what the first player played
Therefore the PSNE of the game will be : ( U,Y )
Webster Corporation is preparing its cash budget for April. The March 31 cash balance is $38,600. Cash receipts are expected to be $652,000 and cash payments for purchases are expected to be $614,000. Other cash expenses expected are $28,100 selling and $34,600 general and administrative. The company desires a minimum cash balance at the end of each month of $25,000. If necessary, the company borrows enough cash to meet the minimum using a short-term note. The amount Webster must borrow during April is: Multiple Choice $0. $11,100. $13,900. $101,600. $76,600.
Answer:
$11,100
Explanation:
Calculation for the amount Webster must borrow during April
First step is to find the Preliminary Cash Balance
Preliminary Cash Balance = $38,600 + $652,000 - $614, 000 - $28,100 - $34,600
Preliminary Cash Balance=$13,900.
Second step is to find the amount to be borrowed
The amount to be borrowed = $25,000 - $13,900
The amount to be borrowed= $11,100.
Therefore The amount to be borrowed is $11,100.
Describe a scenario that forced you to wrestle with your values?
Answer:
To use brainly or to not use brainly. I dont like cheating but sometimes I realy need help.
Explanation:
Starbucks is a national chain of gourmet cafes, which caters to coffee-drinkers. Many of their customers commute from the suburbs, and several of the stores are located in business districts so they may better accommodate the commuters' needs. Starbucks sells their private brand of coffees, and also accompanied them with fresh baked goods. They have a synergy between their stores and their website, both of which help to maintain an advantage over competing local coffee shops. This is a description of Starbucks:
Answer:
yes this is a description of starbucks?
Yes, Starbucks is described in this Starbucks is a national chain of gourmet cafes
What is the nation?Although the phrases nation, state, and country are sometimes used interchangeably, there is a distinction between them. A state is a self-governing political entity (notice the capital "S"). Country and State are both interchangeable terms. However, a nation is a closely-knit community of people who share a culture.
Starbucks is a national chain of gourmet cafes, which caters to coffee drinkers. Many of their customers commute from the suburbs, and several of the stores are located in business Yes, Starbucks is described in this Starbucks is a national chain of gourmet cafes
Therefore, Yes, Starbucks is described in this Starbucks is a national chain of gourmet cafes
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The Year 1 selling expense budget for Karin Corporation is as follows: Budgeted sales $2,500,000 Selling costs: Delivery expenses $25,000 Commission expenses 75,000 Advertising expenses 20,000 Office expenses 12,000 Miscellaneous expenses 30,000 Total $162,000 Delivery and commission expenses vary proportionally with budgeted sales in dollars. Advertising and office expenses are fixed. Miscellaneous expenses include $10,000 of fixed costs. The rest varies with budgeted sales in dollars. The Year 2 budgeted sales is $3,400,000. What will be the value for commission expenses in the Year 2 selling expense budget? Group of answer choices $102,000 $24,000 $48,000 $122,000
Answer:
The correct answer is A.
Explanation:
First, we need to separate the fixed from the variable components:
Fixed costs:
Advertising expenses 20,000
Office expenses 12,000
Miscellaneous expenses 10,000
Variable costs:
Delivery expenses $25,000
Commission expenses 75,000
Miscellaneous expenses 20,000
Total $120,000
Now, the proportion of variable costs to sales:
Total selling expense proportion= 120,000/2,500,000= 0.048
For each variable cost:
Delivery expenses= 25,000/120,000= 0.20
Commission expenses= 75,000/120,000= 0.63
Miscellaneous expenses= 20,000/120,000= 0.17
Finally, for $3,400,000 sales:
Total variable cost= 3,400,000*0.048= $163,200
Comissions= 0.63*163,200= $102,816
