Answer:
4400
Increase
c. An index of 10,000 corresponds to a monopoly firm with 100% market share
Explanation:
Here are the options to the last question
Why is the largest possible value of the Herfindahl index 10,000 ?
a. An index of 10,000 corresponds to 100 firms with a 1% market share each
b. An industry with an index higher than 10,000 is automatically regulated by the Justice Department
c. An index of 10,000 corresponds to a monopoly firm with 100% market share
HHI index = 60² + 20² + 20² = 4400
If one of the firms leaves the industry, the market share would be distributed between the two firms and this would cause the HHI index to increase as firm's concentration would increase
If only one firm operates in the industry, its market share would be 100% and its HHI index would be 100² = 10,000. For an industry to exist there has to be at least one firm operating in the industry,
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Answer: skits?
Explanation:
What is something I can create or invent that hasn't been invented yet, that could make me a millionaire?
Explanation:
The products and services offered today through economic systems exist to satisfy human needs. The higher the level of satisfaction of needs met, the greater the positioning of a product or service that can make an individual millionaire.
To create or invent something that does not yet exist and be extremely profitable, it is necessary to think about human priorities, such as health and technology. An invention that could be successful would be the development of a cure for diseases such as drugs that destroy cancer cells and create other healthy cells without side effects to humans, or in the current world context, an inexpensive and easily developed anti-coronavirus drug.
On January 2, 2020, Bramble Corp. began construction of a new citrus processing plant. The automated plant was finished and ready for use on September 30, 2021. Expenditures for the construction were as follows:
January 2, 2020 $ 612000
September 1, 2020 1810800
December 31, 2020 1810800
March 31, 2021 1810800
September 30, 2021 1211000
Bramble Corp. borrowed $3300000 on a construction loan at 10% interest on January 2, 2020. This loan was outstanding during the construction period. The company also had $12600000 in 7% bonds outstanding in 2020 and 2021.
The interest capitalized for 2020 was:____________.
a. $147000
b. $490440
c. $441000
d. $121560
Answer:
d. $121560
Explanation:
weighted accumulated expenditures 2020:
January $612,000 x 12/12 = $612,000September $1,810,800 x 4/12 = $603,600total = $1,215,600capitalizable interests = $1,215,600 x 10% (interest rate of construction loan) = $121,560
you will consider other interest rates only if expenses are higher than the specific construction
The explanation for why marginal cost is positive and rising in the short run is ________ marginal product of labor in the production process. A) a zero B) a constant C) an increasing D) a diminishing
Due to an increase in the marginal cost of production for more units than the marginal product of labor is increasing.
What is Marginal production?Marginal production is the additional production of units and additional input of labor over the expected production level. The cost incurred for the marginal production changes in total, but remain constant per unit of production.
There is a direct relationship between the marginal cost of production and the marginal product of labor.
Since the labor is the only variable input for the production and the marginal cost of production is diminishing, this means the cost of producing an additional unit of production is lower.
Thus, the reduction in the marginal cost will increase the marginal product of labor.
Learn more about marginal production here,
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The liabilities of Oriole Company are $117,000 and the owner’s equity is $227,000. What is the amount of Oriole Company’s total assets?
Answer:
$344,000
Explanation:
The applicable formula, in this case, is the accounting equation.
Assets= Liabilities + Equity.
Liabilities =$117,000
Equity =$227,000
Assets = $117,000 + $227,000
Assets = $344,000
Answer:
$344,000
Explanation:
liabilities= $117,000
--------> assets= $344,000
equity= $227,000
Determine which startegic review process element is described below.
a. The Durbin Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 dramatically lowered the fees we can charge merchants when consumers pay with debit cards. One way around this will be to reinstate fees on all of our checking accounts, including those with automatic deposits.
b. Interest rates have fallen every year for the past 5 years.
c. Depending on who gets elected, our high-net-worth depositors will see dramatic differences in the way they are taxed. The Democratic candidate will impose larger taxes on high-income citizens, while the Republican candidate will reduce taxes or spread them more evenly across all citizens.
Answer:
a. New Strategic Projects
b. Trend Analysis
c. Environmental Scanning
Explanation:
In the statement a, the strategy followed is based on project. This amendment is viewed as a project rather than a business goal. This is one off modification in the system to automate the deposits and have check and balance with ease.
In statement b, the study of interest rates of past 5 years is trend analysis. Past events are analyzed to predict the future.
In statement c, the environmental analysis is done. The democratic candidate will impose higher taxes and republic candidate will lower the taxes, this is considered as environmental scanning.
The COSO framework encompasses three major areas of internal controls, but Section 404 of Sarbanes-Oxley only requires corporate compliance relating to the reliability of a company's financial reporting.
a. True
b. False
In the water and rocks analogy for JIT:
a. water represents problems.
b. water represents inventory.
c. rocks represent waste.
d. water wears away rocks gradually just like continuous improvement programs improve quality.
Answer:
B) water represents inventory.
Explanation:
The Water and Rocks analogy can be regarded as an analogy that display a ship. The ship here symbolize a company/firm which is floating on water. The water is regarded as inventory. In a case whereby by the water level get down, the ship will hit the rock on the ground. So this analogy can allow to let defective material known. It should be noted that In the water and rocks analogy for JIT, water represents inventory.
When determining whom might be affected by a business decision it is important to go beyond the obvious in identifying _____________.
Answer: stakeholders
Explanation:
Stakeholders simply refers to an economic entity which could be an individual or an organization that is interested in a particular project or organization and can be impacted by the activities of such organization.
It should be noted that the main stakeholders in an organization are the investors, customers, the employees, and the suppliers. Therefore, the answer to the question is stakeholders.
The costs were taken from the accounting records of the Barnwell Manufacturing Company. Classify each item as either a product cost or a period cost. Also, classify all product costs as direct or indirect, assuming that the cost object is each unit of product manufactured.
a. State income taxes
b. Insurance on the manufacturing facilities
c. Supplies used in manufacturing
d. Wages for employees in the assembly department
e. Wages for employees who deliver the product
f. Interest on notes payable
g. Materials used in the production process
h. Rent for the sales outlet in Sacramento
i. Electricity for manufacturing equipment
j. Depreciation expense on delivery trucks
k. Wages for the sales staff
l. Factory supervisors' salaries
m. Company president's salary
n. Advertising expense
Answer:
Part 1
Product Cost
Insurance on the manufacturing facilities
Supplies used in manufacturing
Wages for employees in the assembly department
Materials used in the production process
Electricity for manufacturing equipment
Factory supervisors' salaries
Period Cost
State income taxes
Wages for employees who deliver the product
Interest on notes payable
Rent for the sales outlet in Sacramento
Depreciation expense on delivery trucks
Advertising expense
Company president's salary
Wages for the sales staff
Part 2
Direct Cost
Supplies used in manufacturing
Wages for employees in the assembly department
Materials used in the production process
Indirect Cost
Insurance on the manufacturing facilities
Electricity for manufacturing equipment
Factory supervisors' salaries
Explanation:
All manufacturing costs are product costs whilst non-manufacturing costs are period costs.
Direct costs can be traced directly to the product being manufactured whist indirect costs are difficult to trace directly to the product being manufactured.
The owner of the business where you work has asked for your advice on restructuring the organization. You know that customer service is the cornerstone of the company. What do you recommend
Answer:
Flatter structures are appropriate for organizations that empower employees to solve customer problems.
Explanation:
These are the options for the question below;
✓A taller structure will improve the speed at which decisions are implemented.
✓Flatter structures are appropriate for organizations that empower employees to solve customer problems.
✓With a tall structure, supervisors can avoid hearing about customer complaints.
✓A flatter structure will further centralize decision making.
From the question, we are informed about an instance, where The owner of the business where i work has asked for your advice on restructuring the organization. Since I know that customer service is the cornerstone of the company. In this case I will recommend Flatter structures which is the best structure for organization that give empowerment to their employees in order to be able to solve problems associated with customers.
Flatter structure in an organization can be regarded as a structure that posses limited level of management or no level existing between the staff employee and the management of the organization. Flatter structure gives little supervision to the employees though it brings in their involvement when it comes to decision making
.
8. How does working with other cultures affect stakeholders?
Answer:
In his recent Harvard Business Review blog post, Peter Bregman describes a scenario where a hopeful employee missed out on a promotion in part because he didn’t say thank you. I can only begin to imagine the employee’s disappointment over what appears to have been such a trivial oversight.
This example highlights the importance of having an appreciation for the corporate culture and the national culture of the organization and the stakeholders with which you are working. This appreciation of culture—including national culture—is of paramount importance on projects too.
Many projects today span organizations, countries, and time zones. Business analysts and project team members will be interacting with multiple stakeholders, potentially distributed all over the globe.
The reality—and this certainly won’t come as a surprise—is that different cultures are different. They have different values, norms, rituals, and expectations. This complex stakeholder landscape raises the risk of inadvertent misunderstandings, conflict, and culture clash.
When working with stakeholders to understand their needs and requirements, it’s essential to build rapport—and this requires empathy and understanding of differences in cultures.
One of the challenges is that while it’s easy to observe the culture of others, it’s often difficult to look introspectively and observe our own culture. I spent most of my childhood years in Britain, but I spent one year in the US. I remember subtle differences in language, as well as significant differences in culture. I remember my American friends were far more forthright and direct in their communication; we Brits tend to hide behind politeness and indirectness.
Neither is inherently better or worse—just different. However, the important point is that we tend to observe others through our own internalized cultural lens.
An important way to avoid culture clashes on projects is to focus on developing self awareness of culture—that is, to understand our own cultural identity and norms.
Professor Geert Hofstede has written and researched on cultural differences, and the Hofstede Centre website provides a useful reference point for understanding how your native culture compares with others, as well as how others might perceive your culture. Hofstede proposes a number of cultural dimensions on which cultures can be compared.
This is extremely useful to consider for projects that span countries and cultures—as different cultures have different attitudes toward authority, for example. This might affect how you elicit requirements. In a highly hierarchical culture, lower-ranking employees might not feel empowered to speak openly in front of their supervisors, and you may need to plan for this.
Whilst Hofstede’s research is extremely useful, it’s also beneficial to understand specific cultural norms and practices. It is well worth reading cultural guides so you can build an understanding of any specific cultural practices that might be important to your stakeholders. This kind of knowledge will help you avoid inadvertent cultural slip-ups.
For projects that span countries and nationalities, culture matters. Cultural research and self-awareness pay dividends.
Explanation:
...........
Select the correct answer.
Democratic leaders balance leadership and respect for employees.
A. True
B. False
Answer:
True
Explanation:
Suppose you deposit $2,454.00 into an account today. In 6.00 years the account is worth $3,868.00. The account earned ____% per year.
Answer:
Interest rate, R = 26%.
Explanation:
Given the following data;
Principal = $2,454.00
Simple interest = $3,868.00
Time = 6 years
To find the interest rate?
Mathematically, simple interest is calculated using this formula;
[tex] S.I = \frac {PRT}{100} [/tex]
Where;
S.I is simple interest. P is the principal. R is the interest rate. T is the time.Substituting into the equation, we have;
[tex] 3868 = \frac {2454*R*6}{100} [/tex]
Cross-multiplying, we have;
[tex] 3868 * 100 = 14724*R[/tex]
[tex] 386800 = 14724R [/tex]
[tex] R = \frac {386800}{14724} [/tex]
Interest rate, R = 26.27 ≈ 26%
Therefore, the account earned 26% per year.
Which of the following are common terms for spending on infrastructure (such as highways), production facilities (such as factories), schools, attending college, or anything else that will increase future production possibilities?
a. Capital goods
b. Human capital
c. Investment
d. Consumption
Answer:
c
Explanation:
Investment can be described as purchasing an asset with the aim of generating more income or earning capital appreciation.
Here, investment is in capital goods and human capital
Capital goods comprises infrastructure and production facilities
Human capital investment comprises attending college and spending on schools.
Economic growth theories submit that investment in capital goods and human capital increase the economic growth of an economy
Hudson Co. reports the contribution margin income statement for 2019. HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (9,600 units at $225 each) $ 2,160,000 Variable costs (9,600 units at $180 each) 1,728,000 Contribution margin 432,000 Fixed costs 324,000 Pretax income $ 108,000 Assume the company is considering investing in a new machine that will increase its fixed costs by $40,500 per year and decrease its variable costs by $9 per unit. Prepare a forecasted contribution margin income statement for 2020 assuming the company purchases this machine.
Answer:
Results are below.
Explanation:
Giving the following information:
Selling price= $225
Unitary variable cost= 180 - 9= $171
Fixed costs= 324,000 + 40,500= $364,500
Units sold= 9,600
We need to make the new contribution margin income statement:
Sales= 9,600*225= 2,160,000
Total variable cost= (9,600*171)= (1,641,600)
Total contribution margin= 968,400
Fixed costs= (364,500)
Net income= 603,900
has sales of $690,000, costs of $342,000, depreciation expense of $87,000, interest expense of $52,000, and a tax rate of 24 percent. The firm paid out $82,000 in cash dividends. What is the addition to retained earnings
Answer:
$76,840
Explanation:
The computation of the addition to the retained earning is shown below;
But before that following calculations must be done
Earnings before interest and taxes (EBIT) is
= Sales - Cost - Depreciation
= $690,000 - $342,000 - $87,000
= $261,000
Now
EBT = EBIT - Interest
= $261,000 - $52,000
= $209,000
Now
Net income = EBT × (1 - Tax)
= $209,000 × (1 - 24%)
= $158,840
And finally
Addition to retained earnings is
= Net income - Dividends
= $158,840 - $82,000
= $76,840
Letter 2: You ordered a pair of pants, size 34 waist from Harvard Clothing, 123 James Street, Harper, CA 93214. The store sent size 36 instead. Write a letter telling the store you are returning the pants and that you would like the correct size. Your invoice number is 342618.
342618: Harvard
I am sending these pants back because they are not the size pants I asked for. I asked for a 34 waist, and the ones you sent were 36 instead. I would like for the right pants sent to 911 west michigan rode. Or a complete refund.
(i did not use my real address)
Gary and Mary are production managers at GE. Production managers are rewarded with a bonus if the whole department exceeds their target profits for the year. Gary is asking Mary to change her estimate for the percentage of completion for the ending work in process. 1) Does Gary want to increase or decrease the original estimates
Answer:
Gary wants to increase the original estimates.
Explanation:
Both Gary and Mary will only earn their bonus if the plant's productivity increases, and that is achieved by producing more finished units in the same amount of time. That is why Gary wants to increase the number of finished units so that they can both cash their bonuses.
Aiden and Sophia are married and they have always filed Married Filing Jointly. Aiden died May 5, 2020 at the age of 58. Sophia, age 56, has not remarried. Aiden earned $5,000 in wages and Sophia earned $51,000 in wages. Sophia paid all the cost of keeping up a home and provided all the support for their two children, Mia and Oliver, who lived with them all year. Mia is 11 years old and Oliver is 15 years old. Sophia does not have enough deductions to itemize, but she did make a $500 cash charitable contribution to a qualified charitable organization in tax year 2020. Aiden, Sophia, Mia, and Oliver are all U.S. citizens with valid Social Security numbers. 6. What amount can Sophia deduct as a charitable contribution adjustment
Answer:
$0
Explanation:
In order for any taxpayer to be able to deduct any amount for charitable contributions, he/she must itemize their deductions. If you choose to take the standard deduction (in this case $24,800, same as joint filers), you cannot deduct charitable contributions or any other specific deduction.
Your forecast shows $500,000 annually in sales for each of the next 3 years. If your second and third year predictions have failed to incorporate the 3% expected annual inflation, how far off in total dollar sales is your 3-year forecast
Answer:
$45,450
Explanation:
your first year sales should be $500,000
your second year sales should be $500,000 x 1.03 = $515,000
your third year sales should be $515,000 x 1.03 = $530,450
total sales = $1,545,450
since you previously budgeted $1,500,000 in sales for the 3 years, you were off by $45,450
Society often expects a lot from business. Do you think that it is possible to balance profit and other business objectives with the goals and desires of society
Answer:
Yes, it is possible to balance profit and other business objectives with the goals and desire of society.
Explanation:
The primary reasons why businesses are in operation is to make profit. While there are other business objectives like capture a bigger market, provide better customer service, improve efficiency and employee trainings etc. yet its main aim is to make profit.
Ideally, societies would always expect a lot from businesses in terms of social responsibilities because they believe the profit made by businesses emanates from the society; through the purchase of their produce. Where there is no society, there would be no business.
Again, as a corporate and law abiding businesses, it is expected of them to give back to the society within which it operates because that is where the business generates profit to cover its running cost hence should be able to balance between what the society expect from them and what its business objectives are.
If the inflation rate in the United States is greater than the inflation rate in Britain, other things held constant, the British pound will a. appreciate against the U.S. dollar. b. appreciate against the dollar and other major currencies. c. remain unchanged against the U.S. dollar. d. appreciate against other major currencies. e. depreciate against the U.S. dollar.
Answer:
a. appreciate against the U.S. dollar.
Explanation:
Using relative purchase power parity as example for explanation. Assume, the US inflation rate is 4 percent, the British inflation rate is 2 percent, and the current exchange rate is £0.60 to US$1.
The British inflation rate is 2% lower than the US inflation rate, so the British currency will appreciate by 2% against the US currency. So the exchange rate will be £0.60*0.98 = 0.588 to US$
For each situation, prepare the appropriate journal entry for the redemption of the bonds.
a. Flounder Corp. redeemed $124,000 face value, 10% bonds on April 30, 2022, at 105. The carrying value of the bonds at the redemption date was $111,972. The bonds pay annual interest, and the interest payment due on April 30, 2022, has been made and recorded. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
b. Shamrock, Inc. redeemed $162,000 face value, 12.5% bonds on June 30, 2022, at 99. The carrying value of the bonds at the redemption date was $174,960. The bonds pay annual interest, and the interest payment due on June 30, 2022, has been made and recorded.
Answer and Explanation:
The journal entries are given below:
On Apr. 30
Bonds payable $124,000
Loss on redemption of bonds( bal fig) $18,228
Discount on Bonds payable($124,000 - $111,972) $12,028
Cash ($124,000 × 1.05) 1,30,200
(Being redemption of bonds at 105 is recorded)
On Jun. 30
Bonds payable $162,000
Premium on Bonds payable($174,960 - $162,000) $12,960
Gain on redemption of bonds ( bal fig) $14,580
Cash($162,000 × .99) $160,380
(Being redemption of bonds at 98 is recorded)
Which of the following would NOT cause a shift in AD?
Select one:
a.
An increase in government spending
b.
A reduction in interest rates
c.
A reduction in income tax
d.
A fall in the cost of production
= A fall in the cost of production
Answer:
= A fall in the cost of production
Explanation:
= A fall in the cost of production= A fall in the cost of production= A fall in the cost of production
A sophisticated investor, B. Graham, sold 100 shares short of Amwell, Inc. at $54 a share. The price of the stock subsequently fell to $39 before rising to $56 at which time Graham covered the position (that is, closed the short position). What was the percentage gain or loss on this investment
Answer:
-3.57%
Explanation:
Calculation for What was the percentage gain or loss on this investment
Using this formula
Percentage of Gain/loss = [(Selling Price - Purchase Price) * Number of shares] / [Purchase Price * Number of shares]
Let plug in the formula
Percentage of Gain/loss = [($54 - $56) * 100] / [$56 * 100]
Percentage of Gain/loss = -$200 / $5,600
Percentage of Gain/loss = -3.57%
Therefore the percentage loss on this investment is -3.57%
Assume your firm has an unused machine that originally cost $75,000, has a book value of $20,000, and a market value of $25,000. Ignoring taxes, what is the opportunity cost of using this machine
Answer:
$25,000
Explanation:
Opportunity costs is based on market value, not historical costs or original costs. So, the opportunity cost of using this machine is $25,000
Which of the following is typically not a good place to find a deal
you need to attach a picture so people can see the choices
Problem 1-25 Traditional and Contribution Format Income Statements [LO1-6] Milden Company is a merchandiser that plans to sell 33,000 units during the next quarter at a selling price of $55 per unit. The company also gathered the following cost estimates for the next quarter: Cost Cost Formula Cost of good sold $25 per unit sold Advertising expense $182,000 per quarter Sales commissions 5% of sales Shipping expense $32,000 per quarter $5.00 per unit sold Administrative salaries $92,000 per quarter Insurance expense $10,200 per quarter Depreciation expense $62,000 per quarter Required: 1. Prepare a contribution format income statement for the next quarter. 2. Prepare a traditional format income statement for the next quarter.
Answer:
Milden Company
Traditional and Contribution Format Income Statements
1. A contribution format income statement for the next quarter:
Sales Revenue $1,815,000
less variable costs:
Cost of goods sold $825,000
Sales commission 90,750
Shipping costs 165,000 1,080,750
Contribution $734,250
Fixed costs:
Shipping cost 32,000
Advertising expense 182,000
Administrative salaries 92,000
Insurance expense 10,200
Depreciation expense 62,000 378,200
Net income $356,050
2. A traditional format income statement for the next quarter:
Sales Revenue $1,815,000
Cost of goods sold 825,000
Gross profit $990,000
Period costs:
Shipping costs 197,000
Sales commission 90,750
Advertising expense 182,000
Administrative salaries 92,000
Insurance expense 10,200
Depreciation expense 62,000 633,950
Net income $356,050
Explanation:
a) Data and Calculations:
Estimated sales units during the next quarter = 33,000
Selling price per unit = $55
Sales revenue = $1,815,000
Cost of goods sold = $825,000 ($25 * 33,000)
Sales commission = $90,750 ($1,815,000 * 5%)
Shipping expense:
Fixed element = $32,000
Variable cost = 165,000 ($5 * 33,000)
Total shipping expense = $197,000
Other fixed costs per quarter:
Advertising expense = $182,000
Administrative salaries $92,000
Insurance expense $10,200
Depreciation expense $62,000
b) With the contribution format income statement, all the variable costs (recognized as product costs) are deducted from revenue in order to determine the contribution margin before deducting the fixed costs. The traditional format income statement does not compute contribution. But it determines the gross profit, which is the difference between sales revenue and cost of goods sold. Each method results in the same amount of net income, especially in the absence of inventories.
