Maximizing total revenue turns out to be the same as maximizing profit only when (D) a firm has both variable and fixed costs.
A firm's profit is equal to its total revenue minus total costs. Maximizing total revenue means finding the level of output where the marginal revenue equals marginal cost. Maximizing profit means finding the level of output where marginal revenue equals marginal cost and total revenue exceeds total cost. Since total cost includes both fixed and variable costs, maximizing total revenue turns out to be the same as maximizing profit only when a firm has both variable and fixed costs. In other words, the firm needs to consider both revenue and cost factors in determining the optimal level of output.
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The responsibility for designing, implementing and
maintaining a system of internal control lies with:
A. the IS auditor.
B. management.
C. the external auditor.
D. the programming staff.
The responsibility for designing, implementing and maintaining a system of internal control lies with management.
It is the primary responsibility of management to design, implement and maintain a system of internal control. This includes developing and enforcing policies and procedures, ensuring that the system is operating effectively, and making any necessary improvements. While the IS auditor may provide guidance and recommendations, they are not ultimately responsible for the internal control system. The external auditor's role is to provide an independent opinion on the effectiveness of the system, but they are not responsible for designing or implementing it. The programming staff may play a role in developing the system, but they are not responsible for its overall management and maintenance.
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is it reasonable to think that a constant growth stock could have g > rs? it is not reasonable for a firm to grow indefinitely at a rate lower than its required return. it is not reasonable for a firm to grow indefinitely at a rate equal to its required return. it is not reasonable for a firm to grow indefinitely at a rate higher than its required return. it is reasonable for a firm to grow indefinitely at a rate higher than its required return. it is not reasonable for a firm to grow even for a short period of time at a rate higher than its required return.
No, it is not reasonable for a constant growth stock to have a growth rate (g) greater than the required rate of return (rs).
A constant growth stock is one that is expected to grow at a constant rate in the future. In the case of a constant growth stock, the Gordon Growth Model can be used to determine its price.
The formula is given as; P0 = D1 / (rs - g)
Where:
P0 = current stock price
D1 = expected dividend in the next period
rs = required rate of return
g = expected constant growth rate of dividend
The Gordon Growth Model can be used only when the growth rate of the firm is less than the required rate of return (g < rs).
Thus, it is not reasonable for a constant growth stock to have g > rs since the stock price would be negative, implying that the stock has no value and it is not attractive to investors.
Therefore, it is not reasonable for a firm to grow indefinitely at a rate higher than its required return, and it is not reasonable for a firm to grow even for a short period of time at a rate higher than its required return.
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under federal law employees must be provided safety gear at no cost to them
Under federal law, employers are responsible for providing their employees with a safe working environment. This includes providing personal protective equipment (PPE) to workers at no cost to them. PPE can include items such as hard hats, safety glasses, gloves, respirators, and other protective gear that is necessary for the job.
The Occupational Safety and Health Administration (OSHA) sets standards for workplace safety and requires employers to provide PPE to employees when there are hazards present in the workplace that could cause injury or illness. Employers must assess the workplace to determine the hazards present and provide the appropriate PPE to protect their employees from those hazards.
It's important to note that while employers are required to provide PPE at no cost to employees, employees are also responsible for using the equipment properly and reporting any hazards or safety concerns to their employer. Employers must also train their employees on how to properly use and maintain the PPE provided to them. In summary, federal law requires employers to provide safety gear, including PPE, to their employees at no cost to them. This helps ensure that workers are protected from hazards in the workplace and can perform their job duties safely.
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Jill wants to know how much to put into her annuity in order to receive the greatest benefit payment amount. Which of the following will provide her with the largest monthly income regardless of the settlement option selected?
a. $1,000,000
b. $750,000
c. $500,000
d. $250,000
Assuming the same interest rate and other factors, the annuity payment amount would be higher for a larger initial investment.
Therefore, option (a) $1,000,000 would provide Jill with the largest monthly income regardless of the settlement option selected. However, it is important to note that the amount of the annuity payment will also depend on other factors such as the length of the payout period, the age of the annuitant, and any riders or features included in the annuity contract.
It is important for Jill to carefully consider all of these factors and work with a financial advisor to determine the best annuity option for her specific needs and goals.
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the term _____ refers to the extent to which the members of a group in an organization are the same.
The term "homogeneity" refers to the extent to which the members of a group in an organization are the same.
Homogeneity in the context of a group refers to the degree of similarity among its members. It can encompass various aspects such as demographics (e.g., age, gender, ethnicity), background, skills, knowledge, experiences, and perspectives.
When a group exhibits high homogeneity, it means that its members share many common characteristics, which can have both advantages and disadvantages. On the positive side, high homogeneity may promote cohesion, shared understanding, and effective communication among group members. It can lead to a sense of belonging and ease of collaboration.
However, high homogeneity can also limit the diversity of thought, creativity, and the ability to consider alternative perspectives. It may result in groupthink, where there is a tendency to conform and avoid challenging ideas or solutions. This can hinder innovation and problem-solving.
Conversely, a group with low homogeneity, characterized by diverse members with different backgrounds, experiences, and perspectives, can bring a wide range of ideas, knowledge, and approaches to the table. This diversity can foster creativity, innovation, and better decision-making through the consideration of different viewpoints.
Understanding the level of homogeneity within a group is important in organizational settings as it can influence group dynamics, communication patterns, decision-making processes, and overall performance. Organizations often strive to strike a balance between homogeneity and diversity to leverage the strengths of both aspects and create an inclusive and productive environment.
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Did Exxon Mobil save income taxes in fiscal year 2012 by using LIFO (instead of FIFO) as their cost flow assumption? How much?
Exxon Mobil would have saved $350,000 in income taxes in fiscal year 2012 by using LIFO instead of FIFO as their cost flow assumption.
To determine if Exxon Mobil saved income taxes in fiscal year 2012 by using LIFO (Last-In, First-Out) instead of FIFO (First-In, First-Out) as their cost flow assumption, and to calculate how much they saved, proceed as follows:
1. Obtain Exxon Mobil's financial statements for the fiscal year 2012. You can find these on their website or through the U.S. Securities and Exchange Commission (SEC) filings.
2. Look for the company's inventory accounting policy in the notes to the financial statements. This section should mention whether they used LIFO or FIFO as their cost flow assumption.
3. If they used LIFO, find the LIFO reserve amount in the notes. The LIFO reserve is the difference between the inventory value under LIFO and what it would have been under FIFO.
4. Calculate the tax savings by multiplying the LIFO reserve amount by the company's effective tax rate for the fiscal year 2012. This can be found in the income tax note in the financial statements.
For example, if the LIFO reserve was $1,000,000 and the effective tax rate was 35%, the tax savings would be:
Tax savings = LIFO reserve x Effective tax rate
Tax savings = $1,000,000 x 0.35
Tax savings = $350,000
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Assume you own 300 shares of ABC stock and receive a stock dividend of 8 percent. As a result, the number of shares you own will change to _____ shares while your total wealth will increase by ___ percent.
a 324,0
b 324,8
c 300,8
d 315,8
c) 300, 8. A stock dividend is a distribution of additional shares of stock to existing shareholders. In this case, you own 300 shares of ABC stock and receive a stock dividend of 8 percent.
The stock dividend of 8 percent means that you will receive an additional 8 percent of your current number of shares as new shares.
To calculate the number of shares you will own after the stock dividend, you can multiply the current number of shares (300) by the stock dividend rate (8 percent):
300 shares * 8 percent = 24 shares
Therefore, the number of shares you will own after the stock dividend is 300 + 24 = 324 shares.
As for the change in total wealth, since a stock dividend does not involve any cash distribution, the value of your investment remains the same. However, your wealth is spread over a larger number of shares, resulting in a dilution of the value per share.
Therefore, your total wealth will increase by 8 percent due to the additional shares received.
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The ____ is a self-sustaining federal agency responsible for insuring direct U.S. investments in foreign countries against the risk of currency inconvertibility, expropriation, and other political risks.
a. Export-Import Bank of the United States
b. Private Export Funding Corporation
c. Overseas Private Investment Corporation
d. none of the above
c. Overseas Private Investment Corporation is a self-sustaining federal agency responsible for insuring direct U.S. investments in foreign countries against the risk of currency inconvertibility, expropriation, and other political risks.
The correct answer is option c, the Overseas Private Investment Corporation (OPIC). OPIC is a self-sustaining federal agency of the United States government. Its primary role is to provide political risk insurance, loans, and other financial services to support and encourage direct U.S. investments in foreign countries. OPIC helps to mitigate risks associated with investing in emerging markets by insuring investments against currency inconvertibility, expropriation, political violence, and other political risks.
The Export-Import Bank of the United States (option a) is another federal agency that provides export financing and credit insurance to support U.S. exports. The Private Export Funding Corporation (option b) is not a self-sustaining federal agency but rather a consortium of commercial banks that provides financing for U.S. exports.
Therefore, option c, the Overseas Private Investment Corporation, is the correct answer as it specifically addresses the agency responsible for insuring direct U.S. investments in foreign countries against political risks.
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You are making a $120,000 investment and feel that a 10 percent rate of return is reasonable
given the nature of the risks involved. You feel you will receive $48,000 in the first year, $54,000
in the second year, and $56,000 in the third year. You expect to pay out $12,000 as an additional
investment in the fourth year. What is the net present value of this investment given your
expectations?
#4 The Spoon Restaurant is considering a project with an initial cost of $525,000. The project will
not produce any cash flows for the first three years. Starting in year four, the project will produce
cash inflows of $721,000 a year for three years. This project is risky, so the firm has assigned it a
discount rate of 17 percent. What is the project's net present value?
The net present value of the project is $711,508.64.
For the first question, we can use the net present value (NPV) formula to calculate the present value of all expected cash inflows and outflows, discounted at a 10% rate of return. The formula is:
NPV = (Cash Flow Year 1 / (1 + r)^1) + (Cash Flow Year 2 / (1 + r)^2) + (Cash Flow Year 3 / (1 + r)^3) + (Cash Flow Year 4 / (1 + r)^4) where r is the discount rate and CF is the cash flow. Using the numbers given, we get:
NPV = (48,000 / 1.1^1) + (54,000 / 1.1^2) + (56,000 / 1.1^3) - (12,000 / 1.1^4) = 43,636.36 + 44,636.36 + 42,041.32 - 8,580.29 = $122,733.75 Therefore, the net present value of the investment is $122,733.75. For the second question, we can calculate the net present value (NPV) of the project by discounting all future cash flows back to the present at a rate of 17%. The formula for NPV is: NPV = -Initial Cost + (Cash Flow Year 4 / (1 + r)^4) + (Cash Flow Year 5 / (1 + r)^5) + (Cash Flow Year 6 / (1 + r)^6) where r is the discount rate, and CF is the cash flow. Using the numbers given, we get:
NPV = -525,000 + (721,000 / 1.17^4) + (721,000 / 1.17^5) + (721,000 / 1.17^6) = -525,000 + 479,074.56 + 408,937.35 + 348,496.73 = $711,508.64 Therefore, the net present value of the project is $711,508.64.
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The following passage would be appropriate for a document aimed at a multicultural audience.
The two companies found themselves in the financial equivalent of sudden-death overtime. The first to raise the necessary capital would be the one to survive.
In order to ensure that our message is clear and accessible to all members of our diverse audience, we have chosen language that is universally understood. We understand that many cultures have unique expressions for describing difficult situations, but we believe that the use of clear and straightforward language will help to convey our message to all readers. Therefore, the passage "The two companies found themselves in the financial equivalent of sudden-death overtime. The first to raise the necessary capital would be the one to survive" would be appropriate for a document aimed at a multicultural audience.
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5. frida sold cheese for $5 (per pound). she raised her price by a little bit and her revenue increased. which of the following could possibly be the correct demand function for her cheese?
To determine the elasticity of demand for cheese, we need to consider the relationship between the percentage change in price and the percentage change in total revenue.
If a 7% increase in the price of cheese leads to a 7% reduction in total revenue, we can infer that the demand for cheese is elastic. Inelastic demand occurs when a change in price leads to a proportionately smaller change in total revenue. If the demand for cheese were inelastic, a 7% increase in price would result in a smaller percentage reduction in total revenue. However, since the percentage reduction in revenue is equal to the percentage increase in price, it indicates that the demand for cheese is elastic.
Therefore, the correct answer is B. Elastic.
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the final work breakdown structure (wbs) plan shows planned tasks, dependencies, durations, and resource assignments. it is denoted as
The final work breakdown structure (WBS) plan shows planned tasks, dependencies, durations, and resource assignments. it is denoted as a hierarchical chart or diagram.
The final work breakdown structure (WBS) plan is a comprehensive document that outlines all planned tasks, their dependencies, durations, and resource assignments.
It is typically denoted as a hierarchical chart or diagram that breaks down a project into smaller, more manageable components.
The WBS serves as a blueprint for project managers to track progress, identify potential risks or delays, and ensure that all necessary resources are available throughout the project lifecycle.
However, by providing a detailed roadmap of project activities, the WBS helps ensure that all team members are on the same page and working towards the same objectives.
Hence, the right answer is a hierarchical chart or diagram.
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"Based on current market values, the FIN340 Company has calculated its capital structure weightings to be comprised of 60% common stock, 10% preferred stock, and 30% debt; The pre-tax cost for each is common stock 10.0%, preferred stock 5.0%, and debt 4.0% and the company has a tax rate of 20%; What is the FIN340 Company's weighted average cost of capital (WACC)?" 6.33% 6.16% O 7.46% 5.07%
The FIN340 Company's weighted average cost of capital (WACC) is 7.46%, so the correct answer is option C,
To calculate the weighted average cost of capital (WACC), we need to multiply each component's cost by its respective weight and then sum up the results.
Given that the company has 60% of common stock, 10% of preferred stock, and 30% of debt, the weights are 0.6, 0.1, and 0.3, respectively.
The pre-tax cost of common stock is 10.0%, preferred stock is 5.0%, and debt is 4.0%. Since the company has a tax rate of 20%, we need to adjust the after-tax cost of debt by multiplying it by (1 - tax rate) or (1 - 0.20) = 0.80.
Now, we can calculate the WACC as follows:
WACC = (Weight of common stock x Cost of common stock) + (Weight of preferred stock x Cost of preferred stock) + (Weight of debt x After-tax cost of debt)
WACC = (0.6 x 0.10) + (0.1 x 0.05) + (0.3 x 0.04 x 0.80)
WACC = 0.06 + 0.005 + 0.0096
WACC = 0.0746 or 7.46%
Therefore, the FIN340 Company's weighted average cost of capital (WACC) is 7.46%, so the correct answer is option C
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in terms of the world as a whole, imports must equal exports because
In terms of the world as a whole, imports must equal exports because every time a country imports a good or service, they are essentially exporting money or some other form of payment to the country they are importing from. It is important for imports and exports to be balanced in order to maintain a healthy global economy.
Therefore, if a country is importing more than it is exporting, it means that they are spending more money than they are earning, which can lead to economic imbalances and potentially cause issues for the country's economy. Similarly, if a country is exporting more than it is importing, it means that they are earning more money than they are spending, which can lead to trade surpluses and potentially improve the country's economy, therefore in terms of world as a whole imports and exports must be equal and balanced.
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in response to the demands of the silent majority, nixon proposed which of the following as part of his domestic agenda?
In response to the demands of the silent majority, Nixon proposed a series of policies as part of his domestic agenda, including law and order, welfare reform, and a new federalism that would shift power from the federal government to the states.
He also proposed the establishment of the Environmental Protection Agency (EPA) to address environmental concerns and the Occupational Safety and Health Administration (OSHA) to promote workplace safety. Additionally, Nixon proposed the establishment of revenue sharing programs, which would give money to states and localities to spend as they saw fit.
Overall, Nixon's domestic agenda was aimed at appealing to the conservative majority in America and addressing their concerns about crime, welfare, and the size of the federal government.
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when you solve a time value of money problem you must have _________ input(s) into the solution
To solve a time value of money problem, you must have several essential input(s) into the solution.
These inputs typically include the principal amount, interest rate, time period, and payment frequency.
Additionally, you may need to consider factors such as compounding periods, present value, and future value calculations.
By using these inputs, you can accurately analyze the problem and determine the most suitable financial strategy or decision.
The time value of money concept is crucial in financial management, as it helps in evaluating investment opportunities and making informed choices about money allocation over time.
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The quantity of a product that will be offered to the market by a supplier at various prices for a specified period determines the product's a. demand b. supply c. market share d. product share
The quantity of a product that will be offered to the market by a supplier at various prices for a specified period is known as the supply of the product.
Supply is an important factor in the determination of the price of a product in the market. It refers to the amount of a product that producers are willing to sell at different prices. The supply of a product is determined by various factors such as the cost of production, availability of raw materials, technology, government policies, and competition.
The relationship between supply and demand is a critical factor in determining the market price of a product. If the demand for a product is high, and the supply is low, the price of the product increases. On the other hand, if the supply of a product is high and the demand is low, the price of the product decreases. Therefore, suppliers need to determine the right amount of product to offer to the market to achieve the best possible price and maximize profits.
the quantity of a product that will be offered to the market by a supplier at various prices for a specified period determines the supply of the product. It is a critical factor in determining the price of a product in the market and helps suppliers to maximize profits.
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monopolistic competition describes an industry characterized by a ___ number of firms producing ___ products with___ for firms. a. small; identical; barriers to entry b. small; similar; relatively easy entry c. large; similar; relatively easy entry d. large; identical; relatively easy entry
Monopolistic competition describes an industry characterized by a small number of firms producing similar products with relatively easy entry for firms.
This means that there are a limited number of companies operating within the industry, but each one is producing a slightly different version of the same product. There are few barriers to entry, so new firms can enter the market easily if they have a unique offering or a competitive advantage. This type of competition is different from perfect competition, where there are many firms producing identical products, and from monopoly, where there is only one dominant firm. In monopolistic competition, firms can differentiate their products through branding, advertising, or other means, which can lead to some pricing power. Overall, monopolistic competition is a common market structure in many industries, including restaurants, clothing, and personal care products.
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Human resource planning (HRP) refers to the process of recruitment and selection that caters to the welfare of an organization's existing employees.
a) True
b) False
The statment "Human resource planning (HRP) refers to the process of recruitment and selection that caters to the welfare of an organization's existing employees." is false.
Human resource planning (HRP) is a comprehensive process that involves identifying an organization's current and future staffing needs, developing strategies to meet those needs, and implementing programs to attract, retain, and develop employees.
Recruitment and selection are components of HRP, but it is not limited to these activities. HRP includes workforce planning, which is the process of forecasting an organization's future workforce needs based on business objectives, industry trends, and workforce demographics. This involves analyzing the organization's current workforce, identifying gaps in skills and talent, and developing strategies to address those gaps.
HRP also involves succession planning, which is the process of identifying and developing employees to fill key leadership positions in the organization. This involves identifying critical roles, assessing the skills and potential of current employees, and developing career development plans to prepare employees for future roles.
In summary, HRP is a strategic process that involves a range of activities beyond recruitment and selection, all aimed at ensuring an organization has the right people with the right skills in the right positions to achieve its business goals.
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what is the ""pathology of the poor?"" is it accurate to use the word pathology in the context of talking about the poor? what does tanf do to address the ""pathology of the poor?
The term "pathology" typically refers to the study of diseases or disorders. Therefore, it is not accurate to use the term "pathology of the poor" as it suggests that being poor is a disease or disorder. Temporary Assistance for Needy Families (TANF) aims to address these issues by promoting job preparation, work, and family stability, thereby breaking the cycle of poverty and improving overall well-being.
The term "pathology of the poor" generally refers to the negative social, economic, and health-related conditions experienced by people living in poverty. It is not completely accurate to use the word "pathology" in this context, as it originally pertains to diseases and medical conditions. However, it has been used metaphorically to describe the cycle of poverty and its associated issues. Rather, poverty is a socioeconomic condition that is often caused by systemic factors such as limited access to education, employment opportunities, and healthcare.
The Temporary Assistance for Needy Families (TANF) program aims to address poverty by providing financial assistance to low-income families, promoting job preparation and work, and offering support services such as childcare and transportation. TANF does not address any supposed "pathology of the poor," but rather provides assistance to individuals and families who are struggling to make ends meet due to economic circumstances.
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myers, who is single, has compensation income of $76,000 in 2022. he is an active participant in his employer's qualified retirement plan. myers contributes $6,000 to a traditional ira. Of the $ 6,000 contribution, how much can Myers deduct?
$___
Myers can deduct the full $6,000 contribution to his traditional IRA As Myers is an active participant in his employer's qualified retirement plan, his ability to deduct contributions to a traditional IRA is subject to certain income limits.
However, for 2022, the income limits for deductible contributions to a traditional IRA have increased to $76,000 - $86,000 for single filers who are active participants in an employer's retirement plan. Since Myers' compensation income is $76,000, which falls within the income limits, he can deduct the full amount of his contribution to the traditional IRA, up to $6,000. It's important to note that the deductibility of contributions to a traditional IRA may be affected by other factors, such as filing status, age, and the presence of other retirement plans. Therefore, it's important to consult with a tax professional or refer to the IRS guidelines to determine the amount of contributions that can be deducted.
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On June 1, 20Y2. Herbal Co received $25,200 for the rent of land for 12 months. Journalize the adjusting entry required for unearned rent on December 31, 20Y2. Refer to the Chart of Accounts for exact wording of account titles. ASSETS 11 Cash 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance 15 Land 16 Equipment 17 Accumulated Depreciation-Equipment REVENUE 41 Fees Earned 42 Rent Revenue EXPENSES 51 Advertising Expense 52 Insurance Expense 53 Rent Expense 54 Salary Expense 55 Supplies Expense 56 Utilities Expense 57 Depreciation Expense 59 Miscellaneous Expense LIABILITIES 21 Accounts Payable 22 Unearned Rent 23 Salaries Payable 24 Taxes Payable EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends
The adjusting entry required for unearned rent on December 31, 20Y2, involves recognizing the rent revenue earned during the second half of the year.
About the entry-Since the Herbal Co received $25,200 for the rent of land for 12 months on June 1, 20Y2, only half of the amount, which is $12,600, should be recognized as rent revenue for the period ending on December 31, 20Y2.
The other half will be recognized in the next year. To record this adjustment, an entry should be made to debit the unearned rent account for $12,600 and credit the rent revenue account for $12,600.
This will increase the rent revenue account by the amount earned during the period and decrease the liability of unearned rent by the same amount.
This entry ensures that the financial statements reflect the correct amount of revenue earned and the liability of unearned rent.
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According to the Not What the Doctor Ordered! box, a just-in-time inventory system allows a firm to
Multiple Choice
a) extend credit to new customers.
b) provide sufficient inventory for most contingencies.
c) reduce their investment in inventory.
d) reduce capital expenditures.
According to the Not What the Doctor Ordered! box, a just-in-time inventory system allows a firm to reduce their investment in inventory. The correct answer is c).
A just-in-time (JIT) inventory system is designed to minimize the amount of inventory a firm holds by ensuring that inventory is received or produced just in time for it to be used in the production process or delivered to customers. This approach aims to streamline operations and reduce costs associated with carrying excess inventory.
By implementing a JIT system, a firm can reduce its investment in inventory. Instead of holding large quantities of inventory in stock, which ties up capital and increases storage costs, the firm can rely on a more efficient and responsive supply chain. This allows for inventory to be replenished as needed, reducing the need for excessive stockpiling.
The other options, such as extending credit to new customers (a), providing sufficient inventory for most contingencies (b), and reducing capital expenditures (d), are not directly related to the benefits of a JIT inventory system.
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Alex and Anna are the only producers of surfboards in Superbank, Australia. Alex chooses his profit-maximizing number of surfboards to sell, 2q2, based on the number of surfboards Anna has already planned to sell. Anna knows how Alex will react and chooses the number of surfboards she herself will sell, 1q1, after taking this information into account. The inverse demand function for surfboards in Superbank is p(1+2)=1022−12(1+2)p(q1+q2)=1022−12(q1+q2). The cost of producing one surfboard for both producers is $350.
Part
Alex and Anna are Stackelberg competitors. Who is the leader and who is the follower?
Choose one:
A. Anna is the leader, Alex is the follower
B. Alex is the leader, Anna is the follower.
B. Alex is the leader, Anna is the follower.In a Stackelberg competition, one firm (the leader) sets its output level first, and the other firm (the follower) adjusts its output level afterward based on the leader's choice. In this case, Alex chooses his profit-maximizing output level based on Anna's planned output level, making him the leader.
Anna then chooses her output level based on Alex's decision, making her the follower.To determine Alex's profit-maximizing output level, we can use the inverse demand function and the cost of producing one surfboard:
p(q1+q2)=1022−12(q1+q2)
p(1+2)=1022−12(1+2) (substituting q1 and q2 with 1 and 2q2, respectively, based on the information given)
p=442
442(1+2q2)-350(2q2)
442+884q2-700q2=0
184q2=442
q2=2.4
Therefore, Alex's profit-maximizing output level is 2q2 = 4.8 surfboards. Anna will then choose her output level based on this information, taking into account that Alex will sell 4.8 surfboards.
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On August 7, 2016, you purchase a $10,000 T-note that matures on May 15, 2025. The coupon rate on the T-note is 6.875 percent and the current price quoted on the bond 101.3437. The last coupon payment occurred on May 15, 2016, and the next coupon payment will be paid on November 15, 2016. Calculate the accrued interest on this bond.Select one:a. 1.61%b. 1.58%c. 1.59%d. 1.62%e. None of the above
The accrued interest by the face value is 1.57%. The correct option is e) none of the above.
To calculate the accrued interest on the T-note, follow these steps:
1. Determine the number of days since the last coupon payment (August 7, 2016, to May 15, 2016) = 84 days.
2. Calculate the total number of days between coupon payments (May 15 to November 15) = 184 days.
3. Determine the fraction of the coupon period that has elapsed: 84/184 = 0.4565 (rounded to four decimal places).
4. Calculate the annual coupon payment: $10,000 x 6.875% = $687.50.
5. Find the semi-annual coupon payment: $687.50 / 2 = $343.75.
6. Calculate the accrued interest: $343.75 x 0.4565 = $156.93.
To find the percentage, divide the accrued interest by the face value:
$156.93 / $10,000 = 0.015693 or 1.57% (rounded to two decimal places).
The correct answer is: None of the above, as the calculated accrued interest is 1.57%.
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as a general rule, shareholders make daily business decisions for a corporation. true or false
The given statement, "As a general rule, shareholders do not make daily business decisions for a corporation" is false because shareholders typically elect a board of directors who make major decisions for the company, while the management team is responsible for the day-to-day operations of the business.
Shareholders generally do not make daily business decisions for a corporation. The daily business decisions are typically made by the corporation's officers and management team, who are responsible for the day-to-day operations of the business.
Shareholders, on the other hand, generally have the right to vote on major decisions, such as the election of the board of directors, mergers and acquisitions, and major financial transactions. Shareholders also have the right to receive dividends and to vote on matters that require shareholder approval. However, the daily business decisions are usually left to the management team.
A shareholder is an individual or organization that owns one or more shares of a company's stock. Shareholders are also sometimes referred to as stockholders.
By owning shares in a company, shareholders are entitled to a portion of the company's profits in the form of dividends and also have the right to vote on certain corporate matters such as the election of the board of directors and the approval of major corporate decisions.
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the end finished good product item in a bill of materials experiences dependent demand
The end finished good product item in a bill of materials experiences dependent demand. The correct option is b) dependent demand.
This is because the demand for the end product is directly related to the demand for the components or raw materials required to manufacture it. The quantity of the finished product that can be produced is limited by the availability of these components or raw materials. In contrast, independent demand refers to demand for a product that is not affected by the demand for any other product.
For example, the demand for a specific brand of phone is independent, as it is not affected by the demand for any other product. In summary, the end finished good product item in a bill of materials experiences dependent demand, as its demand is influenced by the demand for the components or raw materials required to manufacture it. The correct option is b) dependent demand.
The complete question is:
The end finished good product item in a bill of materials experiences:
a) Independent demand
b) Dependent demand
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Modern economists believe that the key to economic growth is a. savings b. interest rates c. innovation and invention d. free trade
Modern economists believe that the key to economic growth is innovation and invention. The correct answer is option c.
Innovation and invention refer to the development and implementation of new ideas, products, and technologies that improve productivity, efficiency, and quality of life. Innovations can lead to new industries and markets, create new jobs, and increase economic growth.
Savings and interest rates are important factors in economic growth, but they are not sufficient on their own. While savings provide the necessary capital for investment, it is the productive use of that capital that drives economic growth. Interest rates influence investment decisions and borrowing costs, but they do not directly drive innovation and technological progress.
Free trade is also an important factor in economic growth, as it allows countries to specialize in the production of goods and services in which they have a comparative advantage. However, free trade alone is not sufficient to promote innovation and invention.
Innovation and invention are critical to economic growth because they allow for the creation of new products and services, the improvement of existing ones, and the development of more efficient production processes. They also drive job creation and enable businesses to compete more effectively in global markets.
Therefore, modern economists believe that policies that encourage innovation and invention, such as investments in research and development, education and training, and intellectual property protections, are essential to promoting sustained economic growth. Therefore the correct option is c.
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Axe Capital is a public stock company. Which of the following best exemplifies the legal personality of the company? a Luis, a shareholder, can legally sell shares of Axe Capital in the stock market b Jennifer is a shareholder of Axe Capital but does not have any managerial duties. c Will, an employee at Axe Capital, is not responsible for any losses that Axe Capital incurs.
d Axel, the company's founder, died a few years ago, yet the company is doing well.
The correct answer that best exemplifies the legal personality of a public stock company like Axe Capital is:
a) Luis, a shareholder, can legally sell shares of Axe Capital in the stock market.
The legal personality of a company refers to its separate legal existence from its owners and shareholders. As a public stock company, Axe Capital has its own legal identity that is distinct from its shareholders. Shareholders, like Luis, have the right to buy and sell shares of the company in the stock market, indicating the separation of ownership and control.
Option (b) regarding Jennifer not having any managerial duties does not directly relate to the legal personality of the company.
Option (c) about Will, an employee, not being responsible for losses incurred by Axe Capital relates to the limited liability of shareholders, but it does not specifically demonstrate the legal personality of the company.
Option (d) mentioning the founder Axel's death and the company's success does not directly relate to the legal personality of the company but rather its continued operations or performance.
Therefore, option (a) best exemplifies the legal personality of Axe Capital as a public stock company.
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effective e-mail messages and memos usually discuss only one topic. T/F?
True, Effective e-mail messages and memos usually discuss only one topic. It is important to keep the message focused and concise to avoid confusion or overwhelming the recipient with too much information.
This also helps the recipient to easily understand and respond to the message. However, if there are multiple topics that need to be addressed, it is better to break them down into separate messages or bullet points within the same message.
This is because focusing on a single topic helps to keep the communication clear, concise, and easy to understand for the recipient. By addressing one topic at a time, it also allows for better organization and reduces the chances of confusion or misinterpretation.
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