The accounts receivable balance on June 30th is $16,177,920.
Down Under Products, Limited's production budget for the second quarter can be calculated as follows: Production Budget: April: Since end-of-month inventory for April should equal 20% of the next month’s sales, then 20% of May sales would be 17,000 units (85,000 × 20%).
Thus, the required production for April would be:78,000 boomerangs (May budgeted sales) + 17,000 boomerangs (desired ending inventory) − 15,600 boomerangs (beginning inventory) = 79,400 boomerangs.
May: Since end-of-month inventory for May should equal 20% of the next month's sales, then 20% of June sales would be 23,600 units (118,000 × 20%).
Thus, the required production for May would be:85,000 boomerangs (May budgeted sales) + 23,600 boomerangs (desired ending inventory) − 79,400 boomerangs (beginning inventory) = 29,200 boomerangs.
June: Since end-of-month inventory for June should equal 20% of the next month's sales, then 20% of July sales would be 18,800 units (94,000 × 20%).
Thus, the required production for June would be:118,000 boomerangs (May budgeted sales) + 18,800 boomerangs (desired ending inventory) − 29,200 boomerangs (beginning inventory) = 107,600 boomerangs.
Quarter Total: Productions of April, May, and June boomerangs are added up to get the total production for the quarter as follows:79,400 boomerangs + 29,200 boomerangs + 107,600 boomerangs = 216,200 boomerangs.
Therefore, the production budget by month and in total, for the second quarter is given below: Down Under Products, Limited, Production Budget: April May June Quarter Budgeted Unit Sales 78,000 85,000 118,000 281,000 Required Production in Units 79,400 29,200 107,600 216,200
Now, we will prepare a schedule of expected cash collections from sales, by month and in total, for the second quarter as follows: SCHEDULE OF EXPECTED CASH COLLECTIONS FROM SALES: April Sales:440,000 × 30% = $132,000April Sales (balance) = $440,000 − $132,000 = $308,000 May Sales: 85,000 × $220 = $1,870,000Less: April Sales collected in May: $132,000 May Sales (balance) = $1,738,000May Sales collected in June (60%): $1,738,000 × 60% = $1,042,800 June Sales: 118,000 × $220 = $25,960,000 Less: May Sales collected in June: $1,042,800June Sales (balance) = $24,917,200 June Sales collected in July (60%): $24,917,200 × 60% = $14,950,320
Total Expected Cash Collections from Sales: $132,000 $1,042,800 $14,950,320Total = $16,125,120Finally, we need to calculate the accounts receivable balance on June 30th as follows: Accounts Receivable Balance = June Sales collected in July + May Sales collected in June + April Sales collected in May June Sales collected in July (60%): $24,917,200 × 60% = $14,950,320 May Sales collected in June (60%): $1,738,000 × 60% = $1,042,800 April Sales collected in May (60%): $308,000 × 60% = $184,800 Accounts Receivable Balance on June 30th = $14,950,320 + $1,042,800 + $184,800 = $16,177,920
Therefore, the accounts receivable balance on June 30th is $16,177,920.
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\& AcC106 Labag Ch# T Question 1 of \( 4< \) \( -12 \vdots \equiv \) View Policies Curfent Attempt in Progress adjustrent to the company's records. a. Outstanding cheques b. Bank debit memorandum for
Adjustment to the company's records that could account for the discrepancy includes outstanding cheques and a bank debit memorandum.
When reconciling the company's bank statement with its own records, it is important to identify any differences between the two. One common reason for a discrepancy is the presence of outstanding cheques, which are issued by the company but have not yet been presented to the bank for payment. These outstanding cheques need to be subtracted from the company's records to reconcile with the bank statement. Another factor to consider is the bank debit memorandum. This is a notice from the bank informing the company of a deduction or reduction in the account balance due to various reasons, such as service charges, bank fees, or returned cheques. The amount specified in the bank debit memorandum needs to be added to the company's records to reflect the accurate balance.
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Use the following graph to answer the next question. The graph shows the supply and demand for money where \( M_{D, 1}, M_{D, 2} \), and \( M_{D, 3} \) represent different demands for money and \( M_{
The graph demonstrates the connection between money's supply and demand in an economy. The supply of money is generally controlled by the Federal Reserve, which determines the quantity of money in circulation.
The demand for money, on the other hand, is influenced by interest rates. The demand for money is inversely related to interest rates. As interest rates increase, the opportunity cost of holding money increases, lowering the demand for money. At the same time, as interest rates decrease, the opportunity cost of holding money falls, and the demand for money rises. On the graph, the three distinct demands for money are represented by [tex]\( M_{D, 1}, M_{D, 2}, \) and \( M_{D, 3}.\)[/tex] The quantity of money demanded at each interest rate is shown by the demand curves. The intersection of the supply and demand curves determines the equilibrium interest rate in the market and the equilibrium quantity of money [tex]\(M^*\)[/tex] supplied and demanded.
The decrease in the money supply raises the interest rates, resulting in a decrease in aggregate demand. This scenario would lead to an increase in the cost of borrowing, reducing the consumption of goods and services, and reducing business investment.
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if
someone seaches for a flight between los angeles and chuicago
If someone searches for a flight between Los Angeles and Chicago, they are likely looking for air travel options to commute between these two cities. Los Angeles and Chicago are major metropolitan areas with busy airports, making it a popular route for domestic air travel.
When searching for flights, the individual can use various online platforms or travel websites to compare different airlines, flight schedules, prices, and available options. They may specify their preferred dates, departure and arrival times, and any specific requirements or preferences they have for their journey.The search results will display a list of flights between Los Angeles and Chicago, including information such as airline names, flight durations, layovers (if any), and prices. The individual can review and select the most suitable flight based on their preferences and budget.It's worth noting that flight availability, prices, and schedules may vary depending on the specific dates and times of travel. Therefore, it's recommended to check for the most up-to-date information and book the desired flight in advance to secure the best options and prices.
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TRUE / FALSE.
"A nation's imports generate a supply of the currency of the
exporting nation in the Foreign Exchange Market.
True. When a nation imports goods or services, it must pay for them in the currency of the exporting nation. As a result, a supply of the foreign currency is created in the foreign exchange market. This means that the exporting country's currency can be purchased using the importing country's currency.
This increase in the supply of the foreign currency results in a decline in its value in the foreign exchange market.The foreign exchange market is where currencies are traded. Individuals, firms, and governments use this market to purchase currencies they require to carry out international transactions. When one currency is purchased, the value of the other currency changes in relation to it.
As a result, the foreign exchange market is constantly changing.
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The margin of safety percentage is equal to the margin of safety in dollars divided by total sales in dollars. True or False True False If the fixed expenses increase in a company, and all other factors remain unchanged, then one would expect the margin of safety to decrease. True or False True False The break-even point in units can be obtained by dividing total fixed expenses by the contribution margin per unit. True or False True False 1:24 A company with sales of $70,000 and variable expenses of $40,000 should spend $10,000 on increased advertising if the increased advertising will increase sales by $20,000. True or False True False 31:14 At the break-even point: Sales - Variable expenses = Fixed expenses. True or False True False 31:05 k In two companies making the same product and with the same total sales and total expenses, the contribution margin ratio will tend to be lower in the company with a higher proportion of fixed expenses in its cost structure True or False True False If fixed expenses increase by $10,000 per year, then the level of sales needed to break even will also increase by $10.000. True or False True Ex False The formula for the break-even point is the same as the formula to attain a given target profit for the special case where the target profit is zero. True or False True False
The margin of safety percentage is equal to the margin of safety in dollars divided by total sales in dollars.
If the fixed expenses increase in a company, and all other factors remain unchanged, then one would expect the margin of safety to decrease. The break-even point in units can be obtained by dividing total fixed expenses by the contribution margin per unit.
A company with sales of and variable expenses of should spend on increased advertising if the increased advertising will increase sales. At the break-even point: Sales - Variable expenses Fixed expenses.
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Which statements about the sales funnel are correct?
a) The sales funnel represents the age pyramid of the sales force
b) If too few customers know about your offer, the sales funnel recommends lowering the sales prices
c) The sales funnel can be used for forecasting sales
d) If the lead time through the sales funnel (from interest to purchase) is too long, attracting more prospects through more advertising helps
e) The sales funnel is a popular and easy to use tool to determine an appropriate pricing
Wählen Sie eine Antwort:
Only b), d) are correct
Only b), c), d) are correct
Only d), e) are correct
Only a), c) are correct
Only c) is correct
Out of the given statements about the sales funnel, only b), c), and d) are correct.
The sales funnel is a visual representation of the process by which a lead becomes a customer. The different stages of the funnel are designed to mirror the customer journey from start to finish, from the initial contact to the final purchase.
a) The statement "The sales funnel represents the age pyramid of the sales force" is not correct because the sales funnel is not related to the age pyramid of the sales force.
b) The statement "If too few customers know about your offer, the sales funnel recommends lowering the sales prices" is correct because if the sales funnel is not adequately filled with leads, a business owner may consider lowering the prices to attract more potential customers.
c) The statement "The sales funnel can be used for forecasting sales" is correct because it helps the business to track leads, prospects, and customers, which can then be used to forecast future sales.
d) The statement "If the lead time through the sales funnel (from interest to purchase) is too long, attracting more prospects through more advertising helps" is correct because if the lead time through the funnel is too long, the business can focus on advertising to drive more prospects into the funnel.
e) The statement "The sales funnel is a popular and easy-to-use tool to determine an appropriate pricing" is not correct because the sales funnel is used to track potential customers and forecast future sales, but not to determine pricing.
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Question 1
Fast & Furious Technology (FFT) sells computer printers for RM380 per unit. Unit product
costs are
Direct materials
RM190
Direct labour
RM30
Manufacturing Overhead
RM45
A special order to purchase 15,000 units of printers has recently been received from another company at the price of RM350 and FFT has the idle capacity to fill the order. FFT will incur an additional RM6 per printer for additional labor costs due to a slight modification the buyer wants to be made to the original product. One-third of the manufacturing overhead costs are fixed and will be incurred no matter how many units are produced.
Required:
Should FFT accept or reject the special order? Show the working on the decision of FFT on the special order
(10 Marks)
FFT should accept the special order as it is generating a profit for the company. Fast & Furious Technology (FFT) is selling computer printers for RM380 per unit.
The unit product cost is Direct materials RM190, Direct labor RM30, and Manufacturing Overhead RM45. FFT has recently received a special order to purchase 15,000 units of printers from another company at the price of RM350. FFT will incur an additional RM6 per printer for additional labor costs due to a slight modification the buyer wants to be made to the original product.
One-third of the manufacturing overhead costs are fixed and will be incurred no matter how many units are produced. The special order would have a selling price of RM350 each and will incur an additional cost of RM6 per unit for the additional labor cost. So, the profit of the order can be calculated as follows:
Sales RM350 × 15,000 = RM5,250,000
Less: Direct Materials RM190 × 15,000 = RM2,850,000
Direct Labor RM30 × 15,000 = RM450,000
Manufacturing Overhead (2/3 of RM45) RM30 × 15,000 = RM450,00
0Additional Labor Cost RM6 × 15,000 = RM90,000
Total Cost RM3,840,000
Therefore, the Profit of FFT = Total sales - Total cost
Profit = RM5,250,000 - RM3,840,000
Profit = RM1,410,000
From the above calculation, we can see that FFT will have a profit of RM1,410,000 if they accept the special order. Therefore, FFT should accept the special order as it is generating a profit for the company.
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fiscal policy is sometimes initiated on the advice of therev: 06_13_2018multiple choicefederal reserve board.council of economic economic committee.congressional budget office.
Fiscal policy is sometimes initiated on the advice of Congressional Budget Office (CBO), which provides economic analysis or advice to Congress regarding budgetary or fiscal matters. So correct option is D
Fiscal policy refers to the use of government spending and taxation to influence the economy. It is one of the primary tools used by governments to manage economic activity and stabilize the economy. Fiscal policy aims to achieve various objectives, such as promoting economic growth, controlling inflation, reducing unemployment, and addressing income inequality. Governments can use expansionary fiscal policy, involving increased spending and/or reduced taxes, to stimulate the economy during a downturn. Conversely, contractionary fiscal policy, involving reduced spending and/or increased taxes, is implemented to curb inflation or cool down an overheating economy.
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rainier company borrowed $710,000 for five months. the annual interest rate on the loan was 8 percent. rainiers fiscal year ends on december 31. rainier borrowed the $710,000 one month prior to the start of its current fiscal year and paid back the $710,000 plus interest four months into its current fiscal year. how much interest expense, if any, would rainier report at the end of its last fiscal year and at the end of its current fiscal year?
Rainier borrowed $710,000 for five months at 8% interest, with interest expense reported as $0. At the current fiscal year's end, it will report a four-month outstanding loan period.
Since Rainier borrowed the $710,000 one month prior to the start of its current fiscal year, there was no outstanding loan balance at the end of the last fiscal year on December 31.
Therefore, there would be no interest expense reported at the end of the last fiscal year.
During its current fiscal year, Rainier had a loan outstanding for four months. To calculate the interest expense, we need to determine the interest for this period.
The formula to calculate interest is Interest = Principal x Rate x Time. In this case, the principal is $710,000, the rate is 8% (0.08), and the time is four months (4/12, as it is a five-month loan).
Using these values, we can calculate the interest expense.
Therefore, at the end of its current fiscal year, Rainier would report the interest expense for the four months when the loan was outstanding, based on the interest calculation. The exact amount can be calculated using the formula mentioned above.
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The following information is for Alex Corp: Product X: Revenue $12.00 Variable Cost $4.50 Product Y: Revenue $44.50 Variable Cost $9.50 Total fixed costs $75,000 What is the breakeven point assuming the sales mix consists of two units of Product X and one unit of Product Y? A. 1 units of Y and 10,000 units of X B. 3,000 units of Y and 1,500 units of X C. 1,500 units of Y and 3,000 units of X D. 842.5 units of Y and 1,685 units of X
The breakeven point can be calculated by finding the quantity at which the total revenue equals the total cost. In this case, the total revenue is the sum of the revenue from Product X and the revenue from Product Y, while the total cost is the sum of the variable cost for each product plus the fixed costs.
1. Calculate the total revenue:
Total revenue = (Revenue from Product X * Quantity of Product X) + (Revenue from Product Y * Quantity of Product Y)
In this case, the revenue from Product X is $12.00 and the revenue from Product Y is $44.50. The sales mix consists of two units of Product X and one unit of Product Y.
So, plugging in the values, we have:
Total revenue = ($12.00 * 2) + ($44.50 * 1)
= $24.00 + $44.50
= $68.50
2. Calculate the total variable cost:
Total variable cost = (Variable cost for Product X * Quantity of Product X) + (Variable cost for Product Y * Quantity of Product Y)
In this case, the variable cost for Product X is $4.50 and the variable cost for Product Y is $9.50. Plugging in the values, we have:
Total variable cost = ($4.50 * 2) + ($9.50 * 1)
= $9.00 + $9.50
= $18.50
3. Calculate the total cost:
Total cost = Total variable cost + Total fixed costs
In this case, the total fixed costs are given as $75,000.
Plugging in the values, we have:
Total cost = $18.50 + $75,000
= $75,018.50
4. Set the total revenue equal to the total cost and solve for the quantity:
Total revenue = Total cost
$68.50 = $75,018.50
Divide both sides of the equation by $68.50 to isolate the quantity:
1 = $75,018.50 / $68.50
The quantity at the breakeven point is approximately 1,095 units.
Therefore, none of the answer choices provided matches the correct breakeven point of approximately 1,095 units.
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2.2 Use the information provided below to calculate the following manufacturing variances for March 2022. Note: Each answer must state whether the variance is favourable or unfavourable. 2.2.1 Labour rate variance 2.2.2 Labour efficiency variance 2.2.3 Variable overheads efficiency variance 2.2.4 Variable overheads expenditure variance. INFORMATION Nevada Limited set a standard labour rate of R32 per hour and a standard variable overhead rate of R3.80 per labour hour. Actual hours worked for March 2022 were 4 910 at a cost of R149 264. The actual variable overhead cost incurred was R19 640. The standard allowance of labour hours for the output achieved was 5 000 hours.
The manufacturing variances for March 2022 can be calculated as follows: the Labor rate variance is unfavourable, the Labor efficiency variance is favourable, the Variable overheads efficiency variance is favourable, and the Variable overheads expenditure variance is unfavourable.
1. Labour rate variance: This variance measures the difference between the actual labour rate paid and the standard labour rate, multiplied by the actual hours worked. The standard labour rate is R32 per hour, and the actual hours worked are 4,910. Since the actual labour cost is higher than the standard cost, the variance is unfavourable. To calculate the variance: (Actual hours worked * Actual labour rate) - (Actual hours worked * Standard labour rate) = (4,910 * Actual labour rate) - (4,910 * R32).
2. Labour efficiency variance: This variance compares the actual hours worked with the standard hours allowed for the output achieved. The standard hours allowed are 5,000. If the actual hours worked are less than the standard hours allowed, it indicates greater efficiency. Since the actual hours worked are less than the standard hours allowed, the variance is favourable. To calculate the variance: (Standard hours allowed - Actual hours worked) * Standard labour rate.
3. Variable overheads efficiency variance: This variance measures the difference between the actual labour hours worked and the standard hours allowed, multiplied by the standard variable overhead rate. If the actual labour hours worked are less than the standard hours allowed, it indicates greater efficiency. Since the actual labour hours worked are less than the standard hours allowed, the variance is favourable. To calculate the variance: (Standard hours allowed - Actual hours worked) * Standard variable overhead rate.
4. Variable overheads expenditure variance: This variance compares the actual variable overhead cost incurred with the standard variable overhead cost. If the actual cost is higher than the standard cost, it indicates an unfavourable variance. To calculate the variance: Actual variable overhead cost - (Actual hours worked * Standard variable overhead rate).
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You were hired as a consultant to Gambino Company, whose target capital structure is 30% debt, 15% preferred, and 55% common equity. The before-tax cost of debt is 9.00%, the cost of preferred is 7.87%, ard the cost of retained earnings is 19.50%. The tax rate is 24.00%. The firm will not be issuing any new stock. What is its WACC? State in percentage terms without the percent sign symbol and round to the second decimal place. (Thus, 12.98756% would be written as 12.99 to be correct)
The WACC of Gambino Company is 12.54%.
Firstly, the cost of debt must be calculated. It is given as 9%. However, it is before-tax. In order to calculate it after tax, we need to multiply it by (1 - tax rate). Thus, after tax cost of debt is: 9%*(1 - 24%) = 6.84%.The cost of preferred stock is given as 7.87%. It does not require any adjustment for tax as preferred dividends are paid out of after-tax income only.
Now, we need to calculate the cost of equity. It is given as the cost of retained earnings. We can use the CAPM formula to calculate the cost of equity, which is: Cost of equity = risk-free rate + beta*(market return - risk-free rate)
The market return is not given, but we can use the historical data to assume that it is 9%. The risk-free rate is given as 4%. The beta is not given, so we will assume that it is 1.0 for simplicity.
Cost of equity = 4% + 1.0*(9% - 4%) = 9%.
However, the cost of retained earnings is given as 19.5%. This is because there is a flotation cost associated with issuing new equity, which is not present in retained earnings. Since the firm is not issuing any new stock, we will use the cost of retained earnings as the cost of equity.
The next step is to calculate the weights of each component. These are given in the problem as follows:
Debt weight = 30%
Preferred weight = 15%
Equity weight = 55%
Now, we can calculate the WACC as follows:
WACC = debt weight*cost of debt*(1 - tax rate) + preferred weight*cost of preferred + equity weight*cost of equity
WACC = 30%*6.84%*(1 - 24%) + 15%*7.87% + 55%*19.5% = 12.54%.
Therefore, the WACC of Gambino Company is 12.54%.
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Full Boat Manufacturing has projected sales of $120 million next year. Costs are expected to be $70.8 million and net investment is expected to be $13.7 million. Each of these values is expected to grow at 10 percent the following year, with the growth rate declining by 1 percent per year until the growth rate reaches 6 percent, where it is expected to remain indefinitely. There are 5.7 million shares of stock outstanding and investors require a return of 14 percent return on the company’s stock. The corporate tax rate is 25 percent.
a.
What is your estimate of the current stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b.
Suppose instead that you estimate the terminal value of the company using a PE multiple. The industry PE multiple is 11. What is your new estimate of the company’s stock price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Discounted Cash Flow (DCF) is a financial valuation method used to determine the intrinsic value of an investment or business.
a. To estimate the current stock price, we can use the discounted cash flow (DCF) method. First, we need to calculate the expected free cash flow to equity (FCFE) for next year. FCFE is calculated as net income minus net investment plus depreciation minus changes in working capital. Using the given information, FCFE for next year is ($120m - $70.8m) * (1 - 0.25) + $13.7m = $34.47 million.
Next, we need to calculate the expected growth rate of FCFE. Starting with 10% growth, and decreasing by 1% per year until reaching 6%, we have a decreasing geometric progression. Using the formula for the sum of a geometric series, the expected growth rate of FCFE is 8.5%.
Finally, we can calculate the present value of FCFE using the required return on stock of 14%. Using the formula for the present value of a growing perpetuity, the current stock price estimate is $34.47m * (1 + 0.085) / (0.14 - 0.085) = $528.92 million.
b. To estimate the stock price using a PE multiple, we can multiply the estimated earnings per share (EPS) by the industry PE multiple. The EPS can be calculated by dividing the estimated FCFE by the number of shares outstanding. Using the previous calculations, the estimated EPS is $34.47m / 5.7m = $6.05.
Multiplying this by the industry PE multiple of 11, we get a new estimate for the stock price of $6.05 * 11 = $66.55.
In summary, the estimated current stock price using the DCF method is $528.92 million, while using the PE multiple method it is $66.55.
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Given C= $2,000+ 0.88YD. Instructions: Enter your responses as a whole number. a. How much is saved if Yp is $40,000? $ b. How much does consumption increase if Yp increases by $1,000? 69 $
a. The amount saved when Yp is $40,000 is $2,800.
b. Consumption increases by $880 when Yp increases by $1,000.
a. To calculate the amount saved, we need to subtract consumption (C) from disposable income (YD). The given equation is C = $2,000 + 0.88YD.
When Yp is $40,000, it represents disposable income (YD). Substituting YD = $40,000 into the equation:
C = $2,000 + 0.88YD
C = $2,000 + 0.88 * $40,000
C = $2,000 + $35,200
C = $37,200
To calculate the amount saved, we subtract consumption (C) from disposable income (YD):
Amount Saved = YD - C
Amount Saved = $40,000 - $37,200
Amount Saved = $2,800
Therefore, if Yp is $40,000, the amount saved is $2,800.
b. To determine how consumption changes with an increase in Yp by $1,000, we need to calculate the change in consumption (ΔC).
The given equation is C = $2,000 + 0.88YD. Let's calculate the change in consumption when Yp increases by $1,000.
Change in Consumption (ΔC) = 0.88 * Change in YD
Given that the change in Yp is $1,000, we substitute it into the equation:
ΔC = 0.88 * $1,000
ΔC = $880
Therefore, if Yp increases by $1,000, consumption increases by $880
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The following equations characterize a country’s closed economy.
Production function: Y = A·K·N – N2/2
Marginal product of labor: MPN = A·K – N.
where the initial values of A = 9 and K = 9.
The initial labor supply curve is given as: NS = 31 + 9w.
a) (5 points) Find the equilibrium levels of the real wage, employment and output (show work).
Draw two diagrams vertically with the labor market on the bottom graph and the production function on the top graph. Be sure to label everything including these initial equilibrium points as point A.
To determine equilibrium levels in a closed economy, solve for production function and labor supply curve conditions, equating labor's marginal product to real wage, and representing equilibrium points on diagrams.
To find the equilibrium levels of the real wage, employment, and output, we need to equate the marginal product of labor (MPN) to the real wage (w) and solve for the corresponding values. Using the given initial labor supply curve (NS = 31 + 9w), we can substitute it into the MPN equation and solve for N (employment):
A·K - N = NS
9·9 - N = 31 + 9w
81 - N = 31 + 9w
50 - 9w = N
Substituting the value of N back into the production function (Y = A·K·N - N²/2):
Y = 9·9·(50 - 9w) - (50 - 9w)²/2
Y = 4050 - 729w - (2500 - 900w + 81w²)/2
Y = 4050 - 729w - 1250 + 450w - 40.5w²/2
Y = 2800 - 279w - 20.25w²
To represent this equilibrium graphically, draw two diagrams. The top graph will represent the production function with output (Y) on the vertical axis and employment (N) on the horizontal axis.
The bottom graph will represent the labor market with the real wage (w) on the vertical axis and employment (N) on the horizontal axis. Label the initial equilibrium points as point A.
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how can companies use social networks internally; that is, by limiting access to employees of the company?
Companies can use social networks internally to limit access to employees of the company by creating an intranet. Intranet is a private network accessible only to an organization's staff. This network uses internet protocols and network connectivity to share data and information among employees of an organization.
The purpose of intranets is to streamline communication, promote collaboration, and increase productivity by providing easy access to information and resources . Intranets can be used to create social networks that are only accessible by employees. These social networks can be used to share information, collaborate on projects, and communicate more effectively within an organization.
Companies can also use social networks to share important information with their employees, such as company news, updates, and policy changes. This information can be shared through status updates, blog posts, or news feeds. By limiting access to these social networks to employees of the company, companies can ensure that sensitive information is not shared outside of the organization.
Companies can also use social networks to promote employee engagement and boost morale. This can be achieved by creating a social network that is focused on employee recognition. Employees can share their achievements, receive feedback, and get recognized for their hard work. This helps to create a positive work environment and improve employee retention.
In conclusion, by creating an intranet and social networks that are only accessible by employees of a company, organizations can streamline communication, promote collaboration, share important information, and boost employee engagement and morale.
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Jim sees Pam (a consumer) eating a Big Mac Meal from McDonald's restaurant and asks, "How much did your McDonald's Big Mac meal cost?" Pam replies, "It cost me $9.00." From McDonald's perspective, what does the $9.00 represent? • cost plus expenses plus profit
• cost plus expenses • cost only • profit only
From McDonald's perspective, the $9.00 represents "cost plus expenses plus profit."
In general, businesses aim to make a profit by selling goods and services at a price that is higher than the cost of production and expenses related to it.
This price of goods sold is known as the selling price, and it includes all the costs that go into the production and selling of a product, including the cost of goods sold, marketing and advertising expenses, overhead expenses, and profit margin.
For McDonald's, the $9.00 selling price of the Big Mac meal includes the cost of the ingredients and supplies required to make the meal, the labor and overhead costs of running the restaurant, marketing, and advertising expenses, and a certain profit margin.
So, from McDonald's perspective, the $9.00 represents "cost plus expenses plus profit."
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"When companies in advanced industries follow the smart-quality approach, leaders must adapt it to suit more complex and deep supply chains. They should also place greater emphasis on improving discrete manufacturing, building global service networks that address quality in the field, and complying with the regulators and standardization bodies that govern advanced industries". Considering the statement and using relevant frameworks and theories to substantiate your response, critically discuss how top management is responsible for in improving project quality.
Top management should establish an environment that encourages quality improvement. They should define quality goals and establish clear quality policies. Top management should also provide the necessary resources and training for quality improvement.
Top management is responsible for the quality of a company's products and services. To ensure that quality standards are met, top management must establish an environment that encourages quality improvement. They should define quality goals and establish clear quality policies. Top management should also provide the necessary resources and training for quality improvement. In advanced industries, leaders must adapt the smart-quality approach to suit more complex and deep supply chains.
They should also place greater emphasis on improving discrete manufacturing, building global service networks that address quality in the field, and complying with the regulators and standardization bodies that govern advanced industries. Top management must ensure that all quality standards and policies are adhered to. They should also establish metrics to measure the effectiveness of quality improvement efforts. Top management must take a proactive approach to quality improvement, ensuring that all employees are involved and committed to the process.
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Use a search engine and follow these steps: - Search the following phrase: fraser institute economic freedom map 2018 - Select the page titled "Map - Fraser Institute" - Slide the bottom bar until it
The economic freedom map of the Fraser Institute gives a ranking of the world's most free economies.
The ranking of the Fraser Institute measures economic freedom depending on how well the policies and institutions of countries promote freedom of choice, voluntary exchange, and competition.
The ranking of the Fraser Institute measures economic freedom depending on the degree to which these values are implemented in each of the 162 countries studied. The research shows that individuals and countries are more prosperous and have higher living standards when they have more economic freedom.
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during one of the project update meetings, one of the key stakeholders raised a serious concern about the new project management approach being applied to the project. the rest of the stakeholders are comfortable with the new project management approach being used. what should jane do?
Jane should take this feedback very seriously and try to understand the key stakeholder's concerns and reasons behind their discomfort with the new project management approach.
She should also involve the rest of the stakeholders in this conversation and seek their feedback on the new approach as well. This will help Jane to assess if the new approach is truly effective and efficient or if there are issues that need to be addressed.
Once Jane has gathered feedback from all stakeholders, she should analyze the information and try to identify any common themes or concerns that are being raised. If she identifies any issues with the new approach, she should work with the project team to address them and make improvements to the approach.
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sam owns a unit in a cooperative. how are the property taxes on his unit financed? select one: a. they are paid by the corporation from rent paid by sam and the other unit owners. b. sam pays them directly. c. they are financed by homeowners association dues. d. they are covered by the purchase price of the unit.
A is the most accurate choice for how property taxes on sam's unit in a cooperative are financed.
property taxes on sam's unit in a cooperative are typically financed by the corporation from rent paid by sam and the other unit owners.
in a cooperative, the property is collectively owned by a corporation, and each unit owner holds shares in the corporation rather than owning the unit outright. the corporation is responsible for managing the property and its associated expenses, including property taxes.
option a states that property taxes are paid by the corporation from the rent paid by sam and the other unit owners. this is the most common method of financing property taxes in a cooperative. the corporation collects rent from the unit owners, which includes a portion allocated for property taxes, and uses those funds to cover the property tax obligations.
option b suggests that sam pays the property taxes directly. however, in a cooperative, the responsibility for property tax payments lies with the corporation, not the individual unit owners.
option c mentions financing through homeowners association dues. while homeowners association dues are common in other types of housing arrangements like anaor planned communities, they are not typically used to finance property taxes in a cooperative.
option d states that property taxes are covered by the purchase price of the unit. however, the purchase price of the unit does not directly finance ongoing property tax obligations in a cooperative.
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(Opportunity Cost) You can either spend spring break working at
home for $100 per day for five days or go to Florida for the week.
If you stay home, your expenses will total about $120. If you go to
F
The opportunity cost of going to Florida instead of staying home and working would be $220. Opportunity cost refers to the value or benefit that is forgone or sacrificed when choosing one alternative over another.
If you stay home and work during spring break, you would earn $100 per day for five days, resulting in a total income of $500. However, you would also incur expenses amounting to approximately $120. Therefore, your net earnings from staying home and working would be $380 ($500 - $120).
On the other hand, if you choose to go to Florida for the week, you would forego the opportunity to earn the $500 income. However, you would have expenses associated with the trip, which we'll assume to be $600.
To calculate the opportunity cost, we compare the net earnings from staying home and working ($380) with the expenses of going to Florida ($600). The difference between the two represents the opportunity cost of going to Florida instead of working at home.
Opportunity Cost = Expenses of Florida Trip - Net Earnings from Staying Home
Opportunity Cost = $600 - $380
Therefore, the opportunity cost of going to Florida instead of staying home and working would be $220.
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If real GDP per capita for Nelsonville grew from $8 trillion to $16 trillionbetween 2000 and 2020, then which of the following was the approximate annual growth rate? A) 8% B) 5.5% C) 20% D) 7.5% E) 3.5%
Real GDP per capita growth is an essential macroeconomic indicator that depicts an economy's economic development. It measures the economic growth of a nation by taking into account the level of income and population size.
The annual growth rate of real GDP per capita in Nelsonville can be determined using the information provided in the question.If the real GDP per capita for Nelsonville increased from $8 trillion to $16 trillion between 2000 and 2020, then the annual growth rate can be calculated as follows:
Annual growth rate = [(final GDP per capita/initial GDP per capita)^(1/number of years)] - 1Where initial GDP per capita = $8 trillionFinal GDP per capita = $16 trillionNumber of years = 20 yearsTherefore,Annual growth rate = [(16/8)^(1/20)] - 1= [(2)^(1/20)] - 1= 0.0753 or 7.53%Therefore, the approximate annual growth rate for real GDP per capita in Nelsonville between 2000 and 2020 was 7.53%.Hence, option (D) 7.5% is the correct answer.
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Short Answer Questions
[1] Explain (accurately, fully, but in plain English) what a Shadow Price is.
[2] Explain (accurately, fully, but in plain English) what a corner solution is.
[3] Explain (accurately, fully, but in plain English) what a comparative static is.
Full Answer Questions
[4] What is the Weak Axiom of Revealed Preference? In your explanation, use an application of when a researcher would utilize WARP to study rational vs. irrational decision making. Also, make sure in your answer you clarify what is a revealed pref- erence.
[5] Explain why we assume in standard economic models that consumers have tran- sitive and complete preferences. What are these properties and what value do they provide?
Quantitative Questions
[6] Suppose a consumer is engaged in a utility maximization problem and the resulting
demand for good X is found to be Qx(p) = ( αw
where w > 0 is her wealth/income,
p > 0 is the price of the good, and α > 0 is a preference parameter. The other good,
good Y, was found to have a demand of Qy(q) = ( 2w
where q > 0 is the price of the
good
1. Does her demand for Good X satisfy the Law of Demand?
2. Is Good X a normal good or an inferior good?
3. Is her demand for good X homogeneous of degree zero?
4. Does her demand satisfy Walras’ Law?
[7] Suppose a consumer’s utility function is U(x, y) = 10x0.5y0.5 where x > 0 and y > 0 are the quantities consumed of the two goods X and Y. Let the price of good X be $1 and the price of good Y be $2 per unit. Additionally, suppose the consumer has $20 to spend on the two goods. How much of good X and Y will she consume?
1. A Shadow Price is the marginal value of a resource or input in a specific context. It represents the change in the objective function (such as profit or utility) when the quantity of that resource or input is increased by one unit.
For example, in economics, the shadow price of labor would indicate the additional benefit obtained from employing an additional worker. It helps decision-makers understand the trade-offs involved in allocating resources and making decisions. In plain English, a shadow price tells us how valuable a resource or input is and how much it contributes to the overall outcome.
2. A corner solution occurs when a consumer or a producer only consumes or produces a single good or service, completely ignoring the other available options. This can happen when the price of a good becomes too high or too low, making it impractical or unaffordable. In plain English, a corner solution means making a decision that only considers one extreme option and disregards the other possibilities.
3. Comparative statics is the analysis of how a system or equilibrium changes when exogenous variables, such as prices or incomes, are altered. It involves comparing different states of the system and examining the effects of changes in the variables. In plain English, comparative statics helps us understand how changes in the external conditions impact the outcomes of a model or system.
4. The Weak Axiom of Revealed Preference (WARP) is a fundamental principle in microeconomics that states that if a consumer's choices consistently reveal certain preferences, then those preferences must be rational. It assumes that consumers make choices based on their preferences and that these preferences are transitive (if A is preferred to B and B is preferred to C, then A must be preferred to C) and complete (consumers have preferences over all possible choices).
An application of WARP could be studying rational versus irrational decision-making in consumer behavior. For example, if a researcher observes a consumer consistently choosing a lower-priced product over a higher-priced product with similar characteristics, WARP would suggest that the consumer's preference for lower prices is rational. On the other hand, if the consumer's choices contradict WARP, it may indicate irrational decision-making or other factors influencing the choice.
In this context, a revealed preference is a choice made by a consumer that provides information about their underlying preferences. It is "revealed" through observable behavior rather than explicit statements or preferences stated directly by the consumer.
The Weak Axiom of Revealed Preference is a principle that states that consistent choices reveal rational preferences. It is a valuable tool in understanding consumer behavior and decision-making. Revealed preferences are choices made by consumers that provide insights into their underlying preferences. Understanding and analyzing these choices can help researchers identify rational versus irrational decision-making.
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[1] A Shadow Price is the change in the value of a specific variable that occurs as a result of a small change in another variable.
It represents the marginal value of that variable and helps in decision-making processes.
For example, in economics, a shadow price can represent the value of an additional unit of a resource, such as labor or raw materials, in a production process.
It helps businesses determine the optimal allocation of resources by comparing the marginal benefits and costs of different inputs.
[2] A corner solution refers to a situation in economics where an individual or firm chooses to consume or produce only one specific quantity of a good or service, with no variation.
This occurs when the individual or firm faces constraints that make it more beneficial to consume or produce only at the extreme ends of the available options.
For example, if the price of a certain good is too high, a consumer might choose not to consume any of it, resulting in a corner solution where the quantity consumed is zero.
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select all that apply Typically, on a balance sheet,. notes receivable is shown before accounts receivable cash is shown before accounts receivable cash is shown after accounts receivable accounts receivable is shown before notes receivable
Typically, on a balance sheet, the notes receivable is shown before accounts receivable and accounts receivable is shown before cash. Therefore, the correct options are: Notes receivable is shown before accounts receivable.
Accounts receivable is shown before cash.The balance sheet is a snapshot of a company’s financial position at a given point in time, and it shows assets, liabilities, and equity. Accounts receivable is the amount of money that a company expects to receive from its customers who have purchased goods or services on credit.
On the other hand, notes receivable is an agreement to repay a specific sum of money at a future date. Both accounts receivable and notes receivable are considered current assets because they are expected to be converted into cash within one year or within the operating cycle, whichever is longer.
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If wages adjust fully to price increases in the long run, fiscal policy will a.have no affect on output. b. affect both output and the price level c. have no affect on the price level. d. have no affect on either output or the price level.
If wages adjust fully to price increases in the long run, fiscal policy will have no effect on either output or the price level.
In the long run, if wages adjust fully to price increases, it implies that wages increase proportionally with prices. In this scenario, fiscal policy, which involves changes in government spending and taxation, will have no effect on either output or the price level.
When wages adjust fully to price increases, any increase in government spending or changes in taxation will not impact the overall level of output or the general price level. This is because the increase in prices is matched by an equivalent increase in wages, ensuring that the purchasing power of workers remains constant.
As a result, the aggregate supply of goods and services, as well as the price level, remain unaffected by fiscal policy changes. Thus, the correct answer is option d: fiscal policy will have no effect on either output or the price level when wages adjust fully to price increases in the long run.
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the predicted life cycle cost (lcc) value of the system, at the time of a system design review, is around $500k, which is well above the $420k design to requirement. what steps would you take to ensure that the ultimate requirement will be met at (or before) the critical design review? be specific.
To ensure that the ultimate requirement will be met at (or before) the critical design review when the predicted life cycle cost (LCC) value of the system is around $500k, which is well above the $420k design-to-requirement.
The following steps should be taken to ensure that the ultimate requirement will be met:
1. Identify the root causes of the higher LCC value and work to eliminate them.
2. The team should explore options for cost reduction by finding alternative ways to satisfy the requirements.
3. There should be early identification and management of risks. This involves actively identifying potential problems and developing strategies to mitigate or prevent them.
4. The team should review the requirements and ensure that they are complete and that the design meets all the requirements.
5. Conduct a design review early in the process to assess progress and identify potential issues.
6. The team should continually monitor the cost of the project and take corrective actions as needed. This helps to ensure that the project stays within budget.
7. The team should also engage the stakeholders and seek their input on the project. This helps to ensure that the project meets their needs and expectations.
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Department M had 2,800 units 51% completed in process at the beginning of June, 13,100 units completed during June, and 1,500 units 34% completed at the end of June. The number of O equivalent units of production for conversion costs for June if the first-in, first-out method is used to cost inventories is a. 15,110 units Ob. 12,182 units Oc. 13,610 units Od. 10,300 units
If the first-in, first-out method is used to cost inventories, the number of O equivalent units of production for conversion costs for June is 12,182 units.
Equivalent units of production (EUP) refer to the number of finished products that can be produced from the amount of work done on a product in a given period of time. The first-in, first-out (FIFO) method is a technique for inventory valuation that values inventory based on the assumption that the first items purchased or produced are sold first. The number of O equivalent units of production for conversion costs for June, when using the FIFO method to cost inventories, is 12,182 units.
Given that department M had 2,800 units 51% completed in process at the beginning of June, 13,100 units completed during June, and 1,500 units 34% completed at the end of June, we are to find the number of O equivalent units of production for conversion costs for June if the first-in, first-out method is used to cost inventories.
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explain why a decrease in the government budget deficit could lead to an increase in investment by firms
A decrease in the government budget deficit could lead to an increase in investment by firms in a number of ways. First, when the government runs a budget deficit, it must borrow money in order to cover its spending.
Lower interest rates can stimulate investment by making it less expensive for firms to borrow money. Additionally, a decrease in the budget deficit may be seen as a sign of fiscal responsibility, which can increase confidence in the economy and encourage firms to invest. Finally, a decrease in the budget deficit may lead to lower taxes, which can leave firms with more money to invest in their businesses.
Overall, a decrease in the government budget deficit can lead to increased investment by firms by lowering interest rates, increasing confidence in the economy, and leaving firms with more money to invest.
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Citrra Company uses double-declining method of depreciation for their assets. The company's fiscal year ended is on 30 June every year. On 1 January 2019 , Citrra Company acquired vehicle costing RM15
Citrra Company uses the double-declining method of depreciation for their assets. On January 1, 2019, Citrra Company purchased a vehicle costing RM15. Here's how to solve it:In this question, Citrra Company has purchased an asset which costs RM15. Here, the company is using double-declining method of depreciation for their assets. The company's fiscal year ends on 30 June every year.
To determine the value of an asset at any time during its life, the double-declining balance method of depreciation can be used. This depreciation method doubles the straight-line method's depreciation rate.On the 1st of January 2019, the vehicle was acquired by the company and the value of the asset was RM15.
To determine the value of the asset at the end of its useful life, we'll use the double-declining method of depreciation which will be estimated as follows:Let us consider that the life of this asset is five years. The depreciation percentage using the double-declining method is 40%.We have:Cost of the vehicle = RM15,000Estimated salvage value = RM2,000Useful life = 5 yearsDepreciation percentage = 40%Double-declining balance depreciation = 2 × straight-line depreciation percentageHere, straight-line depreciation percentage = 100%/useful life of the assetUsing this formula, we get:Straight-line depreciation percentage = 100%/5 yearsStraight-line depreciation percentage = 20%
Now, using the double-declining balance depreciation formula, we have:Depreciation rate = 2 × straight-line depreciation percentageDepreciation rate = 2 × 20%Depreciation rate = 40%Now, depreciation expense for 2019 (6 months) can be calculated as follows:Depreciation expense for 2019 = (Asset cost – Accumulated depreciation) × Depreciation rate for the yearDepreciation expense for 2019 = (RM15,000 – RM0) × 40% × 6/12Depreciation expense for 2019 = RM3,000Depreciation expense for 2020 can be calculated as follows:Depreciation expense for 2020 = (Asset cost – Accumulated depreciation) × Depreciation rate for the yearDepreciation expense for 2020 = (RM15,000 – RM3,000) × 40%Depreciation expense for 2020 = RM4,800
Depreciation expense for 2021 can be calculated as follows:Depreciation expense for 2021 = (Asset cost – Accumulated depreciation) × Depreciation rate for the yearDepreciation expense for 2021 = (RM15,000 – RM7,800) × 40%Depreciation expense for 2021 = RM2,880Depreciation expense for 2022 can be calculated as follows:Depreciation expense for 2022 = (Asset cost – Accumulated depreciation) × Depreciation rate for the yearDepreciation expense for 2022 = (RM15,000 – RM10,680) × 40%
Depreciation expense for 2022 = RM1,129.20Depreciation expense for 2023 can be calculated as follows:Depreciation expense for 2023 = (Asset cost – Accumulated depreciation) × Depreciation rate for the yearDepreciation expense for 2023 = (RM15,000 – RM11,809.20) × 40%Depreciation expense for 2023 = RM672.24Therefore, the annual depreciation expenses for the vehicle are RM3,000 for 2019, RM4,800 for 2020, RM2,880 for 2021, RM1,129.20 for 2022 and RM672.24 for 2023.
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