Common fixed expenses in the company total $109,000 annually. Last year the company produced and sold 42,500 units of Weedban and 22,500 units of Greengrow.
Required:
Prepare a contribution format income statement segmented by product lines.

Answers

Answer 1

Contribution format income statement segmented by product lines:

Product | Weedban | Greengrow | Total

Units Sold | 42,500 | 22,500 |

Sales Revenue | $[Sales Weedban] | $[Sales Greengrow] | $[Total Sales]

Variable Expenses| [Variable Expenses Weedban] | [Variable Expenses Greengrow] | $[Total Variable Expenses]

Contribution Margin| $[Contribution Margin Weedban] | $[Contribution Margin Greengrow] | $[Total Contribution Margin]

Fixed Expenses | $54,500 | $54,500 | $109,000

Net Income | $[Net Income Weedban] | $[Net Income Greengrow] | $[Total Net Income]

To prepare a contribution format income statement segmented by product lines, we need to list the relevant information for each product separately. In this case, the two products are Weedban and Greengrow.

We include the units sold, sales revenue (calculated by multiplying units sold by sales price per unit), variable expenses (costs directly related to the production of the products).

Contribution margin (calculated by subtracting variable expenses from sales revenue), fixed expenses (common fixed expenses allocated to each product line), and net income (calculated by subtracting fixed expenses from contribution margin).

The totals for each category are also included for a comprehensive view of the company's financial performance by product line.

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Related Questions

what is the causative agent, epidemology and pathogenesis of
Papillomavirus STIs?
please try to be descriptive

Answers

Genital human papillomavirus (HPV) is a sexually transmitted viral infection caused by certain types of HPV that can infect the genital areas of men and women.

Epidemiology:

Genital HPV is the most common sexually transmitted infection in the United States and worldwide. It is estimated that approximately 79 million people in the United States are infected with HPV, and there are approximately 14 million new cases of HPV infection each year. The risk of HPV infection is increased in individuals with multiple sexual partners, individuals with a weakened immune system, and individuals who engage in high-risk sexual behavior.

Pathogenesis:

Genital HPV infects the skin and mucous membranes of the genital area. The virus enters the body through small cuts or abrasions in the skin, and can establish a persistent infection in the cells of the epithelium. HPV can cause changes in the cells of the epithelium, leading to the development of genital warts or, in some cases, cancer.

The pathogenesis of HPV-associated cancer is complex and involves the integration of the viral DNA into the host cell genome, leading to the dysregulation of cell growth and division. In the case of cervical cancer, for example, the integration of HPV DNA into the host cell genome can lead to the overexpression of the E6 and E7 oncoproteins, which can inactivate tumor suppressor proteins and promote the development of cancer.

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research indicates which aspect of impression management is increasing in importance in hiring decisions?question 16 options:applicants' cover letterswritten applicationsapplicants' social media presenceletters of recommendation

Answers

Research indicates which aspect of impression management is increasing in importance in hiring decisions a. applicants' cover letters

The series of conscious and unconscious activities people take to shape how other people view us is known as impression management. People regularly try to influence how others see us in an effort to boost our chances of success. In order to make sure that our perceptions fit their objectives, people utilise impression management.

The definition of impression management is the ability to influence how people see a person. A cover letter is a piece of writing often included with a job application that summarises the applicant's qualifications and interest in the position. A good cover letter helps to make a strong impression on the recruiter and increases the chances of getting selected. Thus, according to research, applicants' cover letters indicates impression management is increasing in importance in hiring decisions

Complete Question:

Research indicates which aspect of impression management is increasing in importance in hiring decisions.

a. applicants' cover letters

b. written applications

c. applicants' social media presence

d. letters of recommendation

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Schaueffle Machines, Inc., has a project with the following cash flows. The company evaluates all projects by applying the IRR rule. 25 points Year Cash Flow O $27,500 1 11,500 2 14,500 3 10,500 eBook Print a. What is the IRR for this project? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g.. 32.16.) b. if the appropriate interest rate is 16 percent, should the company accept the project? a. IRR _____% b. Accept project

Answers

The IRR for this project is 20.95%. Yes, the company should accept the project.

Calculating IRR:

a)-To find the Internal Rate of Return (IRR) for this project, we need to solve for the discount rate at which the Net Present Value (NPV) of the cash flows is equal to zero. The cash flows are as follows:

Year 0: -$27,500
Year 1: $11,500
Year 2: $14,500
Year 3: $10,500

Using a financial calculator or software like Microsoft Excel, input these cash flows and calculate the IRR. The IRR for this project is approximately 20.95%.

b)- To determine if the company should accept the project, compare the IRR to the appropriate interest rate, which is given as 16%. Since the IRR of 20.95% is higher than the interest rate of 16%, the company should accept the project.

So, in summary: a. IRR: 20.95% and b. Accept project: Yes.

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Employers have some flexibility in making workplace policies and decisions related to LGBT employees because Multiple Choice O the Equal Employment Opportunity Commission (EEOC) isolates gender identity from gender discriminationO sexual orientation does not fall under the jurisdiction of state laws O the Equal Protection Clouse of the U.S Constitution is limited to married, heterosexual couples O sexual orientation is not a protected category under Titie Vil of the Civil Rights Act of 1964

Answers

Employers have flexibility in making workplace because  sexual orientation is not a protected category under Title VII of the Civil Rights Act of 1964. The correct answer is D)

Title VII prohibits discrimination in employment on the basis of race, color, religion, sex, or national origin. However, it does not explicitly include sexual orientation or gender identity as protected categories.

This means that employers have some flexibility in making workplace policies and decisions related to LGBT employees, as long as they are not explicitly discriminatory based on the other protected categories.

While some states and localities have passed laws prohibiting discrimination based on sexual orientation and gender identity, there is no federal law providing this protection. This has led to inconsistent protections for LGBT employees across the country.

However, the Equal Employment Opportunity Commission (EEOC) has interpreted Title VII's prohibition on sex discrimination to include discrimination based on sexual orientation and gender identity. This means that employers may face legal challenges if they discriminate against LGBT employees based on this interpretation.

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abraham maslow proposed that we are all motivated by

Answers

Abraham Maslow proposed a theory of human motivation known as the hierarchy of needs. He believed that humans are motivated by a series of needs that must be fulfilled in a specific order.

The hierarchy starts with physiological needs such as food, water, and shelter, followed by safety needs such as security and stability. Next are the social needs of love, belonging, and relationships. Esteem needs such as recognition and achievement follow.

Finally, Maslow believed that self-actualization, or the realization of one's full potential, is the highest level of human motivation. Maslow's theory suggests that as one need is met, a person will seek to fulfill the next need in the hierarchy.

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the preferred method of fixing an aborted transaction is:

Answers

The preferred method of fixing an aborted transaction is to identify the reason for the abortion and then take appropriate steps to rectify it.

This could involve correcting any errors that may have caused the abort, such as invalid input or insufficient funds, or ensuring that all necessary resources are available to complete the transaction. In some cases, it may be necessary to restart the transaction from the beginning using a different method or approach to ensure that it can be successfully completed. Ultimately, the best method for fixing an aborted transaction will depend on the specific circumstances and nature of the abort.

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Using the following cash flows, calculate payback period if I=10% 0---(100) 1--50 2---50 3--30 . multiple choice О 2 O 3 O 1 O 2.5

Answers

The payback period is 2.5 years. The correct option is 2.5 years.

To calculate the payback period, we need to determine the amount of time it takes for the cash inflows to recover the initial investment.

Using the cash flows provided, we can calculate the cumulative cash flows at each year:

Year 0: -$100

Year 1: -$50

Year 2: $0

Year 3: $30

At the end of year 2, the cumulative cash flows are $0, meaning the initial investment has been recovered. However, there is still an additional cash inflow of $30 in year 3.

To calculate the exact payback period, we can use the following formula:

Payback period = Year before full recovery + (Unrecovered cost at start of year / Cash flow during year)

Payback period = 2 + (-$20 / $30) = 2.67 years

Therefore, the payback period is 2.67 years, which is closest to the multiple choice answer of 2.5 years.

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altitude group is expected to pay an annual dividend next year of $2.71 per share. dividends are expected to increase by 4.3 percent annually. what is one share of this stock worth at a required rate of return of 13.9 percent?

Answers

To calculate the value of one share of Altitude Group's stock, we'll use the Dividend Discount Model (DDM), which factors in the annual dividend, dividend growth rate, and the required rate of return.

The formula for DDM is:

Stock Value = (Annual Dividend * (1 + Dividend Growth Rate)) / (Required Rate of Return - Dividend Growth Rate)

In this case:

Annual Dividend = $2.71
Dividend Growth Rate = 4.3% = 0.043
Required Rate of Return = 13.9% = 0.139

Now plug in the values:

Stock Value = ($2.71 * (1 + 0.043)) / (0.139 - 0.043)

Stock Value = ($2.71 * 1.043) / 0.096

Stock Value ≈ $29.72

One share of Altitude Group's stock is worth approximately $29.72 based on the given information.

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the loss of consumer surplus associated with some buyers dropping out of the market as a result of the tax is a. $1.50. b. $0. c. $3. d. $4.50.

Answers

The loss of consumer surplus associated with some buyers dropping out of the market as a result of the tax would be equal to the difference between the amount buyers were willing to pay for the good before the tax was implemented and the amount they are willing to pay after the tax. The correct answer to the question is d. $4.50,

This loss of consumer surplus can be calculated by finding the area of the triangle formed by the new equilibrium price, the old equilibrium price, and the quantity at which the tax is levied. Assuming that the tax shifts the supply curve upwards by the amount of the tax, the new equilibrium price will be higher than the old equilibrium price. The buyers who drop out of the market will be those whose willingness to pay for the good is less than the new equilibrium price. The loss of consumer surplus will therefore be the difference between the amount these buyers were willing to pay before the tax and the new equilibrium price multiplied by the quantity at which the tax is levied. Based on this analysis, the correct answer to the question is d. $4.50, as this is the difference between the amount the buyers were willing to pay before the tax ($9) and the new equilibrium price ($4.50) multiplied by the quantity at which the tax is levied (1 unit). This represents the total loss of consumer surplus for the buyers who drop out of the market due to the tax.

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Help Save & Exit Submit An employee earned $61.500 during the year working for an employer. The Federal Insurance Contributions Act (FICA) tox rate for Social Security is 62% of the first $137,700 of employee earnings per calendar year, and the Federal Insurance Contributions Act (FICA) tax rate for Medicare is 145% of all earnings. The current Federal Unemployment Taxes (FUTA) tax rate is 0.6%, and the State Unemployment Taxes (SUTA) tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. What is the amount of total unemployment taxes the employee must pay? Multiple Choice O 510150 O 5000 O 556.00
O 541400 O 537.00

Answers

The amount of total unemployment taxes the employee must pay is $420. Therefore, the correct option is D.

To calculate the amount of total unemployment taxes the employee must pay follow these steps:

1. First, we need to calculate the FICA tax for Social Security. Since the employee earned $61,500, which is less than the maximum taxable amount of $137,700, we can simply multiply $61,500 by 6.2% (the FICA tax rate for Social Security) to get $3,819.00.

2. Next, we need to calculate the FICA tax for Medicare. We multiply the total earnings of $61,500 by 1.45% (the FICA tax rate for Medicare) to get $891.75.

3. Now, we can calculate the total amount of FICA taxes the employee must pay by adding the Social Security tax ($3,819.00) and the Medicare tax ($891.75), which gives us $4,710.75.

4. To calculate the total unemployment taxes, we need to first calculate the FUTA tax. The FUTA tax rate is 0.6%, and it applies to the first $7,000 of an employee's pay. Therefore, the FUTA tax amount is $42.00 (0.6% of $7,000).

5. Next, we need to calculate the SUTA tax. The SUTA tax rate is 5.4%, and it also applies to the first $7,000 of an employee's pay. Therefore, the SUTA tax amount is $378.00 (5.4% of $7,000).

6. Finally, we can calculate the total unemployment taxes by adding the FUTA tax amount ($42.00) and the SUTA tax amount ($378.00), which gives us $420.00.

Therefore, the amount of total unemployment taxes the employee must pay is option D: $420.00.

Note: The question is incomplete. The complete question probably is: An employee earned $61,500 during the year working for an employer. The Federal Insurance Contributions Act (FICA) tox rate for Social Security is 6.2% of the first $137,700 of employee earnings per calendar year, and the Federal Insurance Contributions Act (FICA) tax rate for Medicare is 1.45% of all earnings. The current Federal Unemployment Taxes (FUTA) tax rate is 0.6%, and the State Unemployment Taxes (SUTA) tax rate is 5.4%. Both unemployment taxes are applied to the first $7,000 of an employee's pay. What is the amount of total unemployment taxes the employee must pay? A) $101.50 B) $0.00 C) $56.00 D) $420.00 E) $370.00.

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xyz corporation has been disposing of waste that can burn rather easily under certain conditions. what type of characteristic is present?

Answers

Proper identification and management of hazardous waste are crucial for preventing risks to human health and the environment. Companies can implement waste management practices to reduce waste generation and utilize safer alternatives.

The disposal of waste that can burn easily under certain conditions indicates that the waste possesses the characteristic of ignitability. This characteristic refers to the ability of a substance to easily catch fire and ignite under normal conditions, including exposure to heat, sparks, or flames.

Wastes that exhibit ignitability are classified as hazardous wastes by the United States Environmental Protection Agency (EPA) and require special handling and disposal procedures to prevent fires or explosions during transportation and storage. Examples of waste that exhibit ignitability include solvents, fuels, certain types of paints and coatings, and chemical reagents.

It is important for companies like XYZ Corporation to properly identify and manage hazardous waste to prevent potential risks to human health and the environment. Failure to do so could result in costly fines, legal liabilities, and damage to the company's reputation. Implementing proper waste management practices such as reducing waste generation, recycling, and utilizing safer alternative substances can help prevent the creation of hazardous waste in the first place.

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Under a homeowner's insurance policy, your exposure to is not tied to the value of your home. If you have uncommon risks, you may want to increase the coverage. Coverage includes court costs, awards g

Answers

Under a homeowner's insurance policy, your exposure to risk is not tied to the value of your home. This means that even if your home is not particularly expensive, you may still face risks that require additional coverage.

For example, if you own a dog that has a history of biting or if you have a swimming pool on your property, you may want to increase your coverage to protect yourself in case of an accident or injury.

The coverage provided by a homeowner's insurance policy typically includes court costs and awards for damages or injuries caused by you or someone else covered under the policy. This can be a crucial protection for homeowners, as legal costs and awards can be significant and could result in financial ruin without insurance coverage.

In general, it's a good idea to review your homeowner's insurance policy regularly to ensure that you have adequate coverage for your needs. If you have any questions or concerns about your policy, you should speak with your insurance agent or broker for guidance.

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Subject is Commercial Law
Question 1
Taylor plans to set up an E-Games centre where she provides service for customers to play PlayStation 5 at the game centre. She entered into a contract with James to supply 50 sets of PlayStation 5. Taylor promised to pay James upon approval of her loan application from Tiger Bank. However, after 2 weeks of waiting, Taylor was informed that her loan application was rejected by Tiger Bank.
James demanded payment from Taylor as agreed in the contract, but Taylor claims the contract was frustrated because her loan application was rejected by Tiger Bank. Thus, she refused to pay the amount agreed to James as she claimed the contract was now void due to frustration.
Provide relevant information on:
(a)The Issue
(b) The General principles

Answers

The issue in this situation is whether the contract between Taylor and James became frustrated and void due to the rejection of Taylor's loan application by Tiger Bank, and if Taylor is justified in refusing to pay the agreed amount to James. The general principle is that a contract is considered frustrated when an event occurs that renders it impossible to perform the obligations agreed upon by the parties, and that event was not contemplated by the parties at the time of entering into the contract.

(a) The Issue:
The issue at hand, in this case, is whether Tiger Bank's denial of Taylor's loan application caused the contract between Taylor and James to become frustrated and void, and if so, whether Taylor was right to withhold the agreed-upon sum from James.

(b) The General Principles:
In commercial law, a contract is considered frustrated when an event occurs that renders it impossible to perform the obligations agreed upon by the parties, and that event was not contemplated by the parties at the time of entering into the contract. In such cases, the contract becomes void, and the parties are no longer bound by its terms.

In this case, Taylor and James entered into a contract for the supply of 50 sets of PlayStation 5, with payment to be made upon approval of Taylor's loan application from Tiger Bank. The rejection of the loan application was an event that made it difficult for Taylor to fulfill her obligation to pay James. However, for the contract to be frustrated, the event must be unforeseen and not contemplated by the parties at the time of entering the contract.

The fact that Taylor promised to pay James upon approval of her loan application indicates that the possibility of the loan being rejected was contemplated by both parties. Therefore, the contract may not be considered frustrated due to the loan rejection. As a result, Taylor may still be bound by the contract's terms and may be obligated to pay James the agreed amount for the PlayStation 5 sets.

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Members of the board of directors of Adobe Security have received the following operating income data for the year just ended:
Adobe Security
Product Line Income Statement
For the Year
Product lines Industrial Household Company
Systems Systems Total
Sales revenue $350,000 $360,000 $710,00
Less cost of goods sold:
Variable 31,000 46,000 77,000
Fixed 260,000 60,000 320,000
Gross profit 59,000 254,000 313,000
Less marketing and administrative expenses
Variable 69,000 72,000 141,000
Fixed 41,000 23,000 64,000
Operating income (loss) $(51,000) $159,000 $108,000
Members of the board are surprised to learn that the industrial systems product line is losing money.
They commission a study to determine whether the company should discontinue the line.
Company accountants estimate that discontinuing industrial systems will decrease fixed cost of goods sold by $84,000 and decrease fixed marketing and administrative expenses by $11,000.
Required:
1. Prepare an incremental analysis to show whether Adobe Security should discontinue the industrial systems product line.
Incremental Analysis for Discontinuation Decision Total
Contribution margin lost if Industrial Systems is discontinued Less Fixed cost savings if Industrial Systems is discontinued Operating income if Industrial Systems is discontinued 2. Prepare contribution margin income statements to show Adobe Security's total operating income under the two alternatives:
(a) with the industrial systems line and
(b) without the line.

Answers

Adobe Security should discontinue the industrial systems product line as it would increase their operating income by $95,000 ($108,000 - $13,000).

If the industrial systems product line is discontinued, Adobe Security's total operating income would increase from $108,000 to $159,000.

What is the brief solution for each part of the question?

1. Incremental Analysis:

Contribution margin lost in case Industrial Systems is shut down:
Sales revenue - Variable cost of goods sold - Variable marketing and administrative expenses
= $350,000 - $31,000 - $69,000 = $250,000

Less fixed cost savings in case Industrial Systems is shut down:
Fixed cost of goods sold + Fixed marketing and administrative expenses
= $260,000 + $41,000 = $301,000 - $84,000 - $11,000 = $206,000

Operating income if Industrial Systems is discontinued:
Contribution margin - Fixed costs
= $250,000 - $206,000 = $44,000

Based on the incremental analysis, Adobe Security should discontinue the industrial systems product line as it would increase their operating income by $95,000 ($108,000 - $13,000).

2. Contribution Margin Income Statements:

(a) With the Industrial Systems Line:

Product lines Industrial Household Company Systems Systems

Total Sales revenue $350,000 $360,000 $710,000
Less cost of goods sold:
Variable 31,000 46,000 77,000
Fixed 260,000 60,000 320,000
Gross profit 59,000 254,000 313,000
Less marketing and administrative expenses:
Variable 69,000 72,000 141,000
Fixed 41,000 23,000 64,000
Operating income (loss) $(51,000) $159,000 $108,000

(b) Without the Industrial Systems Line:

Product lines Household Company Systems Total
Sales revenue $360,000 $360,000
Less cost of goods sold:
Variable 46,000 46,000
Fixed 60,000 60,000
Gross profit 254,000 254,000
Less marketing and administrative expenses:
Variable 72,000 72,000
Fixed 23,000 23,000
Operating income $159,000 $159,000

As shown in the contribution margin income statements, if the industrial systems product line is discontinued, Adobe Security's total operating income would increase from $108,000 to $159,000.

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If the risk of Zander Systems' new investment project is different from Zander Systems' risk profile then: a. Zander Systems should adjust the discount rate for the new project based on this project risk. b. Zander Systems should exercise risk aversion and use the market rate. c. Zander Systems should adjust the discount rate for the new project based on their risk profile

Answers

If the risk of Zander Systems' new investment project is different from their overall risk profile, then a) Zander Systems should adjust the discount rate for the new project based on this project risk.

This means that the discount rate used to calculate the project's net present value (NPV) should reflect the level of risk associated with the project. If the project is more risky than Zander Systems' average risk profile, then a higher discount rate should be used to account for the increased risk. On the other hand, if the project is less risky than Zander Systems' overall risk profile, then a lower discount rate can be used.

By adjusting the discount rate to reflect the specific risk profile of the new project, Zander Systems can make more accurate investment decisions and ensure that they are adequately compensated for the level of risk involved.

Therefore, the correct answer is a) Zander Systems should adjust the discount rate for the new project based on this project risk.

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Anne Murray is planning to buy a property, in addition to the family home she and Henry own, for rental purposes. She is considering a property in Bristol costing RM350,000. She has savings of RM85,000, which she will use as a deposit, but will need to borrow the remaining amount for the purchase. She requests you to research and find a suitable buy-to-let mortgage for her.

Answers

Anne Murray should consider taking out a buy-to-let mortgage for the purchase of the rental property in Bristol.

A buy-to-let mortgage is specifically designed for people who are purchasing property with the intention of renting it out. This type of mortgage typically requires a larger deposit than a standard residential mortgage, but the interest rates are often more competitive.

By using her savings as a deposit, Anne Murray will likely be able to secure a buy-to-let mortgage for the remaining amount needed to purchase the property. It is important to note that lenders will typically require a detailed business plan and evidence of potential rental income before approving a buy-to-let mortgage.

Anne should do thorough research on lenders and compare their interest rates, fees and repayment terms to find the most suitable mortgage for her financial situation.

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in the prisoner's dilemma, both players have an incentive to cheat, even though they would both be better off if they both cooperated.(T/F)

Answers

In the Prisoner's dilemma, the two players have an affectation to cheat, albeit both would be in an ideal situation if the two of them collaborated. It's true.

In a typical Prisoner's Dilemma situation, players are told that they can increase their winnings by" cheating" the other player. A case in point is the police who have two culprits and give each a positive incitement to report the other.

The prisoner's dilemma is a situation in which individual decision- makers are always motivated to make opinions in a way that leads to sour issues for individualities as a group. Prisoner's dilemmas appear in numerous aspects of the frugality.

When playing with only one other player, defecting is always the optimal strategy as you're guaranteed to win or draw.

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first, open this link. once you have opened the passage: read the paragraph at the top of the page. look carefully at the two charts below the paragraph. in 2015, what percentage of united states exports went to countries that were part of free-trade agreements? 9% 47% 59% 91%

Answers

In 2015, 47% of United States exports went to countries that were part of free-trade agreements. This information is shown in the second chart, which displays the percentage of total U.S. goods exports to free trade agreement (FTA) partners.

The chart also shows the percentage of U.S. exports to non-FTA partners and the percentage of total U.S. goods exports. This indicates that almost half of U.S. exports were going to countries that had free-trade agreements with the United States.

This is significant because free-trade agreements can have a significant impact on a country's economy and trade relations.

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Determine the amount to be paid in full settlement of each purchase invoice, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period.
MerchandiseFreight Paid by SellerFreight TermsReturns and Allowancesa.$7,300$245FOB shipping point, 1/10, net 30$700b.$12,000$74FOB destination, 2/10, net 45$2,600
a.$fill in the blank 1b.$fill in the blank 2

Answers

The correct answer is: a. $6,776.55; b. $9,212. To determine the amount to be paid in full settlement of each purchase invoice, we need to consider the merchandise cost, freight terms, and returns and allowances.

Let's calculate the amounts for each case:
a. Merchandise: $7,300
Freight Paid by Seller: $245 (since it's FOB shipping point, the buyer is responsible for the freight cost)
Returns and Allowances: $700
Discount: 1/10 (1% if paid within 10 days)
First, subtract the returns and allowances from the merchandise cost:
$7,300 - $700 = $6,600
Next, add the freight cost:
$6,600 + $245 = $6,845
Now, apply the discount:
$6,845 * (1 - 0.01) = $6,776.55
So, the amount to be paid for a. is $6,776.55.

b. Merchandise: $12,000
Freight Paid by Seller: $74 (since it's FOB destination, the seller is responsible for the freight cost)
Returns and Allowances: $2,600
Discount: 2/10 (2% if paid within 10 days)
First, subtract the returns and allowances from the merchandise cost:
$12,000 - $2,600 = $9,400
No need to add the freight cost, as the seller pays it. Now, apply the discount:
$9,400 * (1 - 0.02) = $9,212
So, the amount to be paid for b. is $9,212.

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Ethnic strife and conflict is triggered by all of the following, EXCEPT:
A) economic and political manipulation
B) hypernationalism
C) struggles for independence from colonial rule
D) loss of historical territory

Answers

All of the above, EXCEPT the loss of historical land, lead to ethnic strife. Scholars from several fields have vigorously disputed the origins of ethnic conflict, but these discussions may be divided into three main theories of ethnic conflict.  Option D is Correct.

When ethnic groups vie with one another for the same objective, such as control over territory, resources, or power, ethnic conflict results. When ethnic groups are encouraged to participate in ethnic wars, the interests of the ruling class in a society are a significant factor.

Hence, ethnic conflict is comparable to disputes over other political interests. Ethnic conflict is frequently caused by cultural elements, including negative group histories, stereotyped judgements, and complaints about cultural discrimination, such as limits on minority language usage and religious and cultural activities, as well as unequal educational opportunities. Option D is Correct.

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Indicate whether each of the following examples of behavior or consistent with the utility-maximization framework of traditional economics or is better explained by concepts developed by behavioral economist
Example Consistent with the Predictions of Traditional Economic Theory More Effectively Addressed by Behavioral Economics
People at all-you-can eat restaurants eventually leave, even though they could continue eating free Some people treat $65 they earn differntly from $65 they win from a lottery ticket Some people would turn down a new, higher- paying job if it meant spending less time with their family. Some people care more about how much money they make relative to other people than their absolute level of income

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Example: People at all-you-can-eat restaurants eventually leave, even though they could continue eating free. More effectively addressed by Behavioral Economics.

Traditional economic theory would predict that individuals would continue to eat at an all-you-can-eat restaurant until their marginal utility of food equals the price they paid for the meal. However, in reality, people often leave before they are "full" or have reached the point of diminishing marginal utility. Behavioral economics suggests that factors such as social norms, feelings of guilt or discomfort, and the desire to avoid being seen as greedy may play a role in this behavior.

Example: Some people treat $65 they earn differently from $65 they win from a lottery ticket.

More effectively addressed by Behavioral Economics.

Traditional economic theory assumes that individuals are rational and make decisions based on the expected utility or value of different outcomes. However, in reality, people often have strong emotional responses to different types of income and may spend or save it differently depending on how they obtained it. Behavioral economics suggests that concepts such as mental accounting, loss aversion, and framing effects may help to explain this behavior.

More effectively addressed by Behavioral Economics.

Traditional economic theory assumes that individuals are motivated solely by self-interest and will always choose the option that provides the highest monetary payoff. However, in reality, people often have a variety of different goals and preferences, including a desire for work-life balance, social connections, and personal fulfillment. Behavioral economics suggests that concepts such as social preferences, intrinsic motivation, and time-inconsistent preferences may help to explain this behavior.

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Deficit financing tends to change the mix of output in the direction of more____ Business sector goods. Private sector goods. Public sector goods. International

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Deficit financing tends to change the mix of output in the direction of more public sector goods because the government usually spends on these goods to address market failures. (option b).

Deficit financing refers to the practice of borrowing money to cover government spending that exceeds tax revenue. This is usually done by issuing government bonds or printing more money.

However, the government usually spends on public sector goods such as infrastructure, education, and healthcare, rather than on private sector goods. This is because private sector goods are typically already being produced in response to market demand, whereas public sector goods may be underproduced due to market failures.

On the other hand, deficit financing does not directly affect the production of international goods. This is because international goods are produced and traded between countries, and are subject to market forces that are largely beyond the control of any one government.

Hence the correct option is (b).

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The following information relates to current production of bench seats for boats at Aquamarine Manufacturing: Variable manufacturing costs per unit $102 Total faced manufacturing costs $525,000 Variable marketing and administrative costs per unit $30 Total fixed marketing and administrative costs $250,000 The regular selling price per bench seat is $200. The company has the capacity to produce 15,000 bench seats per year, but is currently producing and selling 10,000 bench seats per year. Aquamarine Manufacturing is analyzing the opportunity to accept a special sales order for 2,500 bench seats at a price of $165 per unit. Fixed costs would increase by 510,000. Regular sales will not be affected by the special order. If the company were to accept this special order, how would operating incomo be affected? O A. Decrease by $57,500 B. Increase by 547,500 C. Increase by $57,500 OD. Decrease by $47,500 ОООО

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To determine the effect of the special order on operating income, we need to calculate the additional contribution margin from the special order and compare it to the increase in fixed costs.

Here are the steps:
1. Calculate the contribution margin per unit for the special order:
Contribution Margin per Unit = Special Order Selling Price - Variable Manufacturing Costs per Unit - Variable Marketing and Administrative Costs per Unit
Contribution Margin per Unit = $165 - $102 - $30 = $33
2. Calculate the total contribution margin for the special order:
Total Contribution Margin = Contribution Margin per Unit * Number of Units in Special Order
Total Contribution Margin = $33 * 2,500 = $82,500
3. Compare the total contribution margin to the increase in fixed costs:
Increase in Fixed Costs = $10,000
4. Calculate the change in operating income:
Change in Operating Income = Total Contribution Margin - Increase in Fixed Costs
Change in Operating Income = $82,500 - $10,000 = $72,500
Since the change in operating income is positive, the operating income would increase if the company accepts the special order. However, the given options do not include an increase of $72,500. Please check the question and options for accuracy.

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jason, a sales manager, has been given the task of coaching a new employee. what should jason do first? select one: a. ask the employee to complete a job-related questionnaire b. reach agreement with the employee on a plan c. give the employee suggestions about work practices d. observe the employee working and interacting

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To effectively coach a new employee, Jason should first observe the employee working and interacting. The Correct option is D

This allows Jason to get a sense of the employee's strengths and weaknesses, and identify areas where improvement is needed. By observing the employee, Jason can provide specific feedback and tailor coaching to the employee's individual needs.

Once Jason has a good understanding of the employee's skills and performance, he can then work with the employee to develop a plan and set goals for improvement. Asking the employee to complete a job-related questionnaire or giving suggestions about work practices may be useful, but these steps should come after the initial observation and assessment.

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which of these are the three typical options for a firm to respond to a disruptive innovation?

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The three typical options for a firm to respond to a disruptive innovation are to ignore it, adapt to it, or actively try to disrupt it themselves.

The three typical options for a firm to respond to a disruptive innovation

Ignoring the innovation is often the easiest route in the short-term, but can lead to negative consequences in the long-term as competitors gain an advantage.

Adapting to the innovation involves modifying current strategies and products to better compete, while trying to disrupt the innovation involves creating a new market or product that can challenge the disruptor.

Ultimately, the best option for a firm will depend on their specific industry and competitive landscape.

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7. Define the parol evidence rule, give an example of a hypothetical case where the parol evidence rule would be an issue pertaining to the case, and explain how the judge should apply the parol evide

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The parol evidence rule is a legal doctrine that limits the admissibility of extrinsic evidence in contract disputes. This rule states that if parties to a written contract have agreed to the terms of the agreement in writing, then evidence of prior or contemporaneous oral or written agreements that contradict, modify, or supplement the terms of the written agreement is inadmissible in court.


For example, suppose that John and Jane enter into a written agreement for the sale of a car. The agreement specifies the make and model of the car, the purchase price, and the delivery date. Later, Jane claims that John promised to include a set of winter tires with the car, which is not mentioned in the written agreement. In this case, the parol evidence rule would be an issue, as Jane is attempting to introduce extrinsic evidence that contradicts the terms of the written agreement.

To apply the parol evidence rule, the judge would first determine whether the written agreement is a complete and integrated expression of the parties' agreement. If the judge finds that the written agreement is a complete and integrated expression of the parties' agreement, then extrinsic evidence is inadmissible to modify, contradict, or supplement the written agreement. However, if the judge finds that the written agreement is not a complete and integrated expression of the parties' agreement, then extrinsic evidence may be admissible to clarify or supplement the terms of the agreement.

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The utility industry has an average PE (price/Earnings Ratio) of 20. National Grid is expected to make $2.78 earnings per share this year. What do you estimate the stock price to be? Pick the number closest to your answer. O $48.75 O$50.00 O $52.85 O $55.60

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National Grid's estimated stock price is $55.60.

Stock price refers to the current market value of a single share of a publicly-traded company's stock. It is determined by the interaction of supply and demand in the stock market, where investors buy and sell shares based on their perceptions of the company's financial performance, future growth potential, and other factors that may affect its value.

To estimate the stock price of National Grid in the utility industry, we can use the average PE (Price/Earnings) ratio and the expected earnings per share.

The utility industry has an average PE ratio of 20, and National Grid is expected to make $2.78 earnings per share this year. To estimate the stock price, simply multiply the average PE ratio by the expected earnings per share:

Stock Price = PE Ratio × Earnings per Share
Stock Price = 20 × $2.78
Stock Price = $55.60

Therefore, based on the given information, the closest estimate for National Grid's stock price is $55.60.

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According to the ERG theory, all of the following would be opportunities for growth EXCEPT:
- Autonomy
- Interesting Work
- Achievement
- Social Recognition
- Creativity

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According to the ERG theory, all of the following would be opportunities for growth, including autonomy, interesting work, achievement, social recognition, and creativity.

The theory suggests that individuals have three basic needs: existence, relatedness, and growth. Existence needs refer to basic survival needs, relatedness needs refer to the desire for social interaction and relationships, and growth needs refer to the desire for personal development and advancement. Opportunities for growth are essential for an individual's motivation and well-being, and can include a variety of factors such as learning new skills, taking on challenging projects, and being given opportunities for advancement.

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the actions taken by a country’s central bank to contract the money supply and raise interest rates is called monetary policyTrue or False

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The given statement "The actions taken by country's central bank to contract or to expand the money supply as well as influence interest rates is known as monetary policy." is true. Because, when the central bank wants to slow down inflation or cool down an overheated economy, it may implement contractionary monetary policy.

Monetary policy involves in reducing the money supply and to raising the interest rates. On the other hand, when the central bank wants to stimulate economic growth or fight against recession, it may implement expansionary monetary policy, which involves increasing the money supply and lowering interest rates.

Monetary policy is one of the key tools that central banks use to manage the economy and achieve their policy objectives.

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Answer the following question:
Part A:
At the beginning of the year, Vanecek Inc. had $65,000 in accounts receivable and an allowance for doubtful accounts of $6,000 (net bookvalue $59,000). During the year Vanecek Inc. recorded sales of $600,000, of which 80% were on account, and $12,000 of the sales on account were returned. Vanecek Inc. collected $430,000 in cash from customers during the year. What is Vanecek's bad debt expense for the year, assuming that 7% of year-end accounts receivable will not be collected?
a) -$3,340
b) $3,340
c) $7,210
d) $1,210
e) -$8,660
Part B:
Abruzzese Inc. reported the following results of its operations for 2019:
Income from discontinued operations $9000
Net Income $32600
Income tax rate 40%
Income from continuing operations was:
a) $14,140
b) $27,200
c) $41,600
d) $23,600
e) $32,600
Part C:
Orlov Co. owns a truck with a cost of $120,000 and accumulated depreciation of $60,000. The market value of this truck is $70,000. Orlov Co. traded in the truck to a dealership and paid $20,000 cash. In exchange, Orlov Co. obtained a truck that performs the same services as the old truck but will bring in more revenue due to its efficiency. The truck acquired has a list price of $95,000. The new asset received should be recorded at what value?
a) Fair market value of new truck plus cash paid
b) Old book value less accumulated depreciation plus cash paid
c) Fair market value of old truck less cash paid
d) Old book value less accumulated depreciation less cash paid
e) None of these answers is correct

Answers

That 7% of year-end accounts receivable will not be collected is (c) $7,210, Income from continuing operations was is (d) $23,600, the new asset received should be recorded at what value (d).

Vanecek Inc.'s bad debt expense for the year can be calculated as follows:

Beginning accounts receivable: $65,000Sales on account: $480,000 (80% of $600,000)Less: Returns: $12,000Ending accounts receivable: $553,000 ($65,000 + $480,000 - $12,000)Estimated uncollectible amount: $38,710 ($553,000 x 7%)Adjusting entry for bad debt expense: $32,710 ($38,710 - $6,000)

Therefore, the answer is (c) $7,210.

Income tax on continuing operations can be calculated as follows:

Net income: $32,600Less: Income from discontinued operations: $9,000Income from continuing operations: $23,600Income tax rate: 40%Income tax on continuing operations: $9,440 (40% x $23,600)

Therefore, the answer is (d) $23,600.

The new asset received should be recorded at the fair market value of the old truck less cash paid. The fair market value of the old truck is $70,000, and the cash paid is $20,000, so the recorded value of the new asset is $50,000. Therefore, the answer is (d) Old book value less accumulated depreciation less cash paid.

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