In 2018, Gentry sold goods with a cost of $800,000 to Gaspard Farms for $1,000,000. Gaspard Farms still owned 10% of the goods at year-end, which means they sold 90% of the goods. The consolidated cost of goods sold for 2018 was $5,880,000.
The cost of the goods they sold would be 90% of $800,000, which equals $720,000. The cost of goods sold for Gentry was $5,400,000 and for Gaspard, Farms was $1,200,000. To calculate the consolidated cost of goods sold for 2018, you need to add the costs for both companies and then subtract the intercompany transaction cost of the goods that Gaspard Farms sold:
Consolidated Cost of Goods Sold = (Gentry's COGS + Gaspard Farms' COGS) - Intercompany Transaction Cost
= ($5,400,000 + $1,200,000) - $720,000
= $6,600,000 - $720,000
= $5,880,000
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Two firms engage in Cournot competition in the Everlasting Gobstopper industry. The price elasticity of demand is-2. Firm 1 has a constant marginal cost of $380.00 per unit, and firm 2 has a constant marginal cost of $790.00 per unit, and firm 2 has a constant marginal cost of $513.50 per unit. If the two firms are currently in equilibrium, what is firm 2's share of the market? Enter your answer as a decimal, rounded to two places if necessary.
To find firm 2's share of the market, we need to first find the equilibrium quantity and price.
In a Cournot competition, each firm chooses a quantity to produce, and the market quantity is the sum of the two quantities. The market price is then determined by the demand curve, which has a price elasticity of -2.
To find the equilibrium quantity, we need to solve for the point where the two firms' profit-maximizing quantities add up to the market quantity. We can use the following formula to find each firm's optimal quantity:
q1 = (a - b*q2)/2c
q2 = (a - b*q1)/2d
where:
a = total demand
b = coefficient of competition (equal to 1 in a Cournot competition)
c = firm 1's marginal cost
d = firm 2's marginal cost
Plugging in the given values, we get:
a = -2*q
b = 1
c = 380
d = 513.5
q1 = (-2*q - q2*1)/(2*380)
q2 = (-2*q - q1*1)/(2*513.5)
Solving these equations simultaneously, we get q1 = 134.29 and q2 = 85.71. Therefore, the market quantity is q1 + q2 = 220 units.
To find the equilibrium price, we can use the demand equation:
p = a - b*q
p = 880 + 2*q
Substituting the market quantity, we get p = $1040.
Now we can calculate firm 2's share of the market by dividing its quantity by the market quantity:
85.71/220 = 0.39 (rounded to two decimal places)
Therefore, firm 2 has a market share of 0.39 or 39%.
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suppose that a company operates in the monopolistically competitive market for electric razors. the following graph shows the demand curve, marginal revenue (mr) curve, marginal cost (mc) curve, and average total cost (atc) curve for the firm. place a black point (plus symbol) on the graph to indicate the long-run monopolistically competitive equilibrium price and quantity for this firm. next, place a grey point (star symbol) to indicate the minimum average total cost the firm faces and the quantity associated with that cost. mon comp outcome min unit cost 0 10 20 30 40 50 60 70 80 90 100 100 90 80 70 60 50 40 30 20 10 0 price (dollars per razor) quantity (thousands of razors) demand mr mc atc because this market is monopolistically competitive, you can tell that it is in long-run equilibrium by the fact that at the optimal quantity for each firm. further, the quantity the firm produces in long-run equilibrium is the efficient scale. true or false: this indicates that there is excess capacity in the market for razors. true false monopolistically competitive markets may be socially inefficient due to the presence of too many or too few firms. the presence of the externality implies that there is too much entry of new firms in the market.
When numerous companies compete with one another by producing comparable but unique goods, this is a market structure known as monopolistic competition.
In monopolistic competition, each firm has some level of market power and the capacity to differentiate their products through branding, design, packaging, or other strategies.
Hence, Because of this downward-sloping demand curve for their product, businesses engaged in monopolistic competition are able to charge somewhat more than their marginal cost.
b. The graph for this part is attached below.
When there is monopolistic competition, the price (P) and average total cost (ATC) at the ideal quantity are equal, and here is where the long-run equilibrium is reached.
A monopolistically competitive firm's average total cost, on the other hand, tends to be greater over time than the minimal average total cost, suggesting that there is surplus capacity in the market.
There may be too many or too few enterprises in the market, which makes monopolistic competition socially inefficient. There is a risk of excess capacity due to the presence of the business-stealing externality, which occurs when new businesses join a market and are able to draw clients away from already established businesses.
Hence, the answer is true.
From, the answer we can conclude that In the long run, the equilibrium is reached where price equals the ATC at the optimal quantity. However, due to excess capacity, the ATC in the long-run is higher than the minimum ATC.
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746. While using the cost-depreciation approach, the appraiser may compare the subject property to recently built buildings. What are these new buildings referred to as?
The new buildings that the appraiser may compare the subject property to while using the cost-depreciation approach are referred to as "comparable new construction."
These are recently built properties that are similar to the subject property in terms of features, amenities, size, location, and other factors.
By comparing the subject property to comparable new construction, the appraiser can estimate the cost of building a new property with similar characteristics. This estimation considers the current construction costs, which include the cost of land, labor, materials, and other expenses required to construct a similar property.
Moreover, using the cost-depreciation approach with comparable new construction helps appraisers calculate the depreciation of the subject property accurately. Depreciation is a reduction in value due to wear and tear, obsolescence, or any other factors that cause the property's value to decrease over time.
By comparing the subject property to comparable new construction, the appraiser can accurately estimate the amount of depreciation, which is then deducted from the property's current value.
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3. when the economy of a country is operating close to its full capacity: a. the unemployment rate is greater than the natural rate of unemployment. b. cyclical unemployment is close to zero. c. unemployment is close to zero. d. the unemployment rate is less than the natural rate of unemployment. e. the unemployment rate is too low
Opton A is correct, When the financial system of a u . s . is operating shut to its full capacity: the unemployment rate is greater than the natural price of unemployment.
When the economic system is at full employment is the unemployment rate at 0 percent Why or why not?Not according to economists. Full employment is now not the identical as zero unemployment due to the fact there are unique kinds of unemployment, and some are unavoidable or even vital for a functioning labor market.
The concept in the back of natural unemployment suggests that there is by no means zero unemployment even in a wholesome financial system due to the presence of frictional, structural, and cyclical unemployment.
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https://brainly.com/question/31121910#SPJ1If the add-on method is used to calculate a finance charge of $100.80 on a $1,800 loan, the amount to be:a. disbursed is $1,900.80.b. disbursed to the borrower is $1,800.c. repaid is $1,699.20.d. repaid to the borrower is $1,800.e. disbursed to the borrower is $100.80.
If the add-on method is used to calculate a finance charge of $100.80 on a $1,800 loan, the total amount to be repaid is $1,900.80 (option a). This is because the finance charge is added to the loan amount, resulting in a total repayment amount of $1,900.80.
The amount disbursed to the borrower is still the original loan amount of $1,800, and the amount repaid to the borrower is also the same, as the borrower is responsible for repaying the full amount of $1,900.80. Option c is incorrect because it implies that the borrower only needs to repay $1,699.20, which is less than the original loan amount. Option d is incorrect because it implies that the borrower only receives the original loan amount, which is not the case with the add-on method. Option e is incorrect because it implies that the borrower only receives the finance charge, which is also not the case with the add-on method.
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Question 3: In a perfectly competitive market, the demand curve is given as: Q=100-4P, the supply curve is given as Q=2P-8. (20%) I. Compute the total social surplus. II. If the producers are now receiving a $4 per unit subsidy, graphically show the DWL of this market. III. Report the new social surplus with this subsidy. Question 4: In a market with demand: Q=200-2P, supply Q=P-40, if for every unit consumed, the society gets a benefit equivalent to $15 (MSB=$15) (25%) I. What is the SS when this is a free market? II. What is the DWL of the market due to the externality? III. Suppose the government uses a Pigouvian subsidy to correct this market failure, compute the CS, PS, S(subsidy), EB(external benefit) of the market under this tax.
Answer to Question 3:
I. To find the total social surplus, we need to find the equilibrium price and quantity. Equating the demand and supply equations, we get 100-4P=2P-8, which gives P=22 and Q=52. Therefore, the total social surplus is (1/2)(100-22)(52-0)+(1/2)(22-2)(52-0)= $1,104.
II. With a $4 per unit subsidy to the producers, the supply curve shifts downwards by $4. The new equilibrium price is (100-52-4)/2=22, and the new equilibrium quantity is 56. The DWL is the area between the new supply curve (Q=2P-12) and the original supply curve (Q=2P-8) from Q=52 to Q=56, which is a triangle with base 4 and height (2(56)-2(52))=8. Therefore, the DWL is (1/2)(4)(8)= $16.
III. With the subsidy, the new supply curve is Q=2P-12. The new equilibrium price is (100-52-4)/2=22, and the new equilibrium quantity is 60. The new total social surplus is (1/2)(100-22)(60-0)+(1/2)(22-2)(60-0)= $1,188.
Answer to Question 4:
I. In a free market, the equilibrium price and quantity are found by equating demand and supply: 200-2P=P-40, which gives P=80 and Q=120. Therefore, the total social surplus is (1/2)(200-80)(120-0)= $6,000.
II. The DWL of the market due to the externality is the area between the demand curve and the social marginal cost curve from Q=0 to Q=120. The social marginal cost curve is the supply curve shifted up by the external benefit, which is $15. The social marginal cost curve is Q=P-25. Therefore, the DWL is (1/2)(80-40)(120-60)-(1/2)(80-25)(120-60)= $1,500.
III. A Pigouvian subsidy equal to the external benefit will shift the supply curve up by $15. The new equilibrium price and quantity are found by equating the new demand curve (Q=200-2P) and the new supply curve (Q=P-25+15), which gives P=65 and Q=135.
The new consumer surplus is (1/2)(200-65)(120-135)= $1,237.50, the new producer surplus is (1/2)(65-40)(135-0)+15(135-120)= $1,993.75, the subsidy is $2,025, and the external benefit is $2,025. Therefore, the new total surplus is $5,256.25.
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suppose your income rises from $19,000 to $31,000 while the cpi rises from 122 to 169. your standard of living has likely
Explanation: your likely living will go up.
Suppose that during a recession labour costs fall by 66.67%and are expected to stay at that level for a long time, while therental cost of capital stays the same. Draw the firm’s output expansion path before and after the recession. Assume that the firm has downward sloping strictly convex isoquants. (Draw several isoquants and isocosts). Put labour on the horizontal axis.
New isocosts will have slope equal to [ four times,three times,twice,exactly, one third, two thirds, one fourth] the slope of the original isocosts.
The firm will hire [ more, less, the same amount of ]labour and [ more,less, the same amount of]
capital to produce the same amount of output.
Output expansion path will [ shift to the right, shift to the left, stay the same ] .
The output expansion path will shift to the right, reflecting the increase in the amount of labour used by the firm for a given level of output.
This shift will be visible when drawing several isoquants and isocosts with labour on the horizontal axis and downward sloping strictly convex isoquants. In summary, the output expansion path shifts to the right as the firm hires more labour and the same amount of capital due to the decrease in labour costs during the recession.
When labour costs fall by 66.67% and remain at that level for a long time during a recession, while rental cost of capital remains constant, the firm's isocosts will change. The new isocosts will have a slope twice the slope of the original isocosts.
To understand how this affects the firm's output expansion path, we need to consider the impact on the firm's hiring decisions. With cheaper labour, the firm can produce the same amount of output with fewer workers. Therefore, the firm will hire less labour to produce the same amount of output.
To illustrate this, we can draw the firm's isoquants and isocosts. We assume that the isoquants are downward-sloping and strictly convex. We can start by drawing several isoquants, representing different levels of output.
Next, we can draw the original isocosts, which represent the cost of producing a certain level of output with a given amount of labour and capital. Since rental cost of capital remains the same, the original isocosts are vertical lines.
Now, when labour costs fall by 66.67%, the slope of the new isocosts will be twice that of the original isocosts. We can draw these new isocosts, which are flatter than the original ones.
With these new isocosts, the firm can produce the same level of output with less labour and more capital. As a result, the output expansion path will shift to the left, indicating that the firm will use less labour to produce the same amount of output.
In summary, during a recession with falling labour costs, a firm with downward-sloping and strictly convex isoquants will hire less labour and more capital to produce the same amount of output. This is because cheaper labour makes it more cost-effective to substitute capital for labour. As a result, the firm's output expansion path will shift to the left, indicating that the firm can produce the same level of output with fewer workers.
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QUESTION 6 = The price elasticity of demand for consumers in group A is EA = -6. For group B, it is EB = -2. The MC of selling to both groups is the same and constant at $10. If the seller engages in price discrimination by market segments, then the optimal price for the segment of group A consumers is: $16.67 $20 $12 $15
Using the optimal pricing formula, which is P = MC * (1 / (1 + (1 / E))), we can find the optimal price for the segment of group A consumers. P = $10 * (1 / (1 + (1 / -6))) P = $10 * (1 / (1 - 1/6)) P = $10 * (1 / (5/6)) P = $10 * (6/5) P = $12 Therefore, the optimal price for the segment of group A consumers is $12.
The optimal price for the segment of group A consumers can be calculated using the formula for price discrimination:
Price = MC / (1 + (1/|elasticity|))
Using the given values, we have:
Price = $10 / (1 + (1/|-6|))
Price = $10 / (1 + 1/6)
Price = $10 / (7/6)
Price = $8.57
Therefore, the optimal price for the segment of group A consumers is $8.57, which is not one of the options given. However, if we round up to the nearest option, the closest answer would be $12.
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In the context of IMC strategy, what is the difference between public relations and publicity?
A) Public relations deals with positive information; publicity deals with controlling negative information.
B) Publicity deals with many stakeholders; public relations deals only with customers.
C) Publicity is normally done via an in-house staff; public relations is typically outsourced to a specialist.
D) Publicity is more narrowly defined and focused on gaining media attention.
E) There is no difference between public relations and publicity.
Publicity is more narrowly defined and focused on gaining media attention. So, correct option is D.
In the context of an Integrated Marketing Communications (IMC) strategy, public relations and publicity are both important tools used to promote a company or brand, but they have distinct differences.
Public relations (PR) is a strategic communication process that builds and maintains mutually beneficial relationships between a company and its various stakeholders, including customers, investors, employees, and the media.
PR involves a range of activities, such as media relations, crisis management, event planning, and community outreach. The goal of PR is to establish a positive image for a company or brand, and to enhance its reputation over the long term.
Publicity, on the other hand, refers to the free or earned media coverage that a company or brand receives through news stories, press releases, or other forms of media exposure.
While publicity can be a component of a PR strategy, it is more narrowly focused on gaining media attention and coverage for a specific event, product launch, or announcement. Publicity is often used to generate buzz and excitement around a brand, and can be a valuable way to reach a large audience without paying for advertising.
In summary, while both PR and publicity are important tools in an IMC strategy, they serve different purposes. PR focuses on building relationships and managing communication with various stakeholders, while publicity is more narrowly defined and focused on gaining media attention for a specific event or announcement.
So, correct option is D.
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Which Article of the Constitution outlines the presidential powers? a. Article 1 b. Article II c. Article III d. Article IV
Article II of the United States Constitution outlines the powers of the presidency, including the duties and responsibilities of the President of the United States. Option( B )
This article establishes the executive branch of the federal government and provides for the election of the president and vice president, as well as their qualifications, term of office, and methods of removal. The article also sets out the President's powers as the commander-in-chief of the armed forces, his ability to make treaties and appoint federal officials, and his role in enforcing federal law. Additionally, Article II outlines the procedures for presidential succession and the ability of the president to grant pardons and reprieves.
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stagflation usually results from part 2 a. a supply shock. b. an increase in aggregate supply. c. a decrease in aggregate demand. d. an increase in aggregate demand.
Stagflation usually results from a supply shock. The correct option is A
A supply shock is an unexpected event that suddenly changes the supply of a product or commodity, leading to an imbalance in the market. In the case of stagflation, this supply shock typically causes a decrease in aggregate supply, while aggregate demand remains relatively stable.
As a result, the economy experiences a combination of stagnant growth, high unemployment, and rising inflation. This scenario contradicts the traditional economic theory that suggests a trade-off between inflation and unemployment.
Stagflation can be challenging for policymakers to address since the conventional tools to combat inflation, such as raising interest rates or reducing government spending, may exacerbate the problem by further suppressing growth and increasing unemployment.
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the reserve requirement is the proportion of its deposits that a bank must keep on hand and not use to create money through making loans to borrowers.A. TrueB. False
True, The reserve requirement is a tool used by central banks to control the amount of money that is created through the lending activities of banks.
When a bank makes a loan, it creates new money by crediting the borrower's account with funds that did not previously exist.
However, the reserve requirement mandates that banks must hold a certain percentage of their deposits in reserve, which cannot be lent out.
This helps to prevent excessive lending and inflationary pressures on the economy. Therefore, the statement that the reserve requirement is the proportion of its deposits that a bank must keep on hand and not use to create money through making loans to borrowers is true.
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is the term used for what should happen after the sale to ensure that the purchase is a win-win situation for both the seller (the sport organization) and the purchaser (the sport consumer). a. aftermarketing b. yield management c. telemarketing d. closing the sale
The term used for ensuring a win-win situation for both the seller and the purchaser after a sale is a. aftermarketing. This process focuses on maintaining and enhancing the relationship with the sport consumer, leading to satisfaction and potential future purchases.
The term used for what should happen after the sale to ensure that the purchase is a win-win situation for both the seller (the sport organization) and the purchaser (the sport consumer) is "aftermarketing". Aftermarketing involves activities such as follow-up communication, customer service, and building relationships with customers to ensure their satisfaction and repeat business. Yield management refers to pricing strategies, telemarketing is a form of direct marketing through phone calls, and closing the sale refers to the final step in the sales process where the customer agrees to make the purchase.
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In order to be applied successfully, a data mining study must be viewed as a set of automated software tools and techniques. true or false
The statement is true because data mining involves using automated software tools and techniques to analyze and extract useful insights and patterns from large datasets.
Data mining is a process of discovering patterns and insights in large datasets using machine learning, statistical, and computational techniques. To be successful in a data mining study, it is important to have a set of automated software tools and techniques that can process and analyze large datasets efficiently.
These tools can include algorithms for data preprocessing, feature selection, classification, clustering, and visualization. Without automated tools, it can be very time-consuming and difficult to analyze large datasets manually, which can limit the effectiveness of the study. Therefore, using automated software tools and techniques is essential for a successful data mining study.
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You must select a high-speed transportation option between Charlotte and Raleigh. The first option is a revolutionary Tube Train with an initial investment of $200 million with a yearly maintenance cost of $10 million each year. You will have to overhaul the Tube Train every 75 years at a cost of $200 million. The second option is the reliable Point-to-Point Transporter which has an initial investment of $215 million and a yearly maintenance of cost of $5 million. You will overhaul the Transporter every 25 years at $215 million. What are the capitalized costs for each and which should you choose? Use a Nominal interest rate of 5%. (four answers)
Capitalized cost of the Tube Train is $600,983,179.
Capitalized cost of the Point-to-Point Transporter is $642,164,527.
How to determine the capitalized cost of each transportation option?We need to calculate the present value of all costs, including initial investment, yearly maintenance, and overhaul costs, discounted at a nominal interest rate of 5%.
For the Tube Train:
Initial investment: $200 million
Yearly maintenance cost: $10 million
Overhaul cost (after 75 years): $200 million
Using the formula for the present value of a perpetuity, we can calculate the capitalized cost of the yearly maintenance cost:
PV = PMT / r = $10,000,000 / 0.05 = $200,000,000
Using the formula for the present value of a single amount, we can calculate the capitalized cost of the initial investment and overhaul costs:
[tex]PV = FV / (1 + r)^n = $200,000,000 / (1 + 0.05)^0 + $200,000,000 / (1 + 0.05)^{75} = $400,983,179[/tex]
Therefore, the capitalized cost of the Tube Train is $600,983,179.
Initial investment: $215 million
Yearly maintenance cost: $5 million
Overhaul cost (after 25 years): $215 million
Using the same formulas as before, we can calculate the capitalized cost of each cost component:
Capitalized cost of yearly maintenance cost: $100,000,000
Capitalized cost of initial investment and overhaul costs: $542,164,527
Therefore, the capitalized cost of the Point-to-Point Transporter is $642,164,527.
Since the Point-to-Point Transporter has a lower capitalized cost, it is the better option to choose for high-speed transportation between Charlotte and Raleigh.
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In the current year, Warbler Corporation (E&P of $250,000) made the following property distributions to its shareholders (all corporations): Fair Market Adjusted Basis Value Pink Corporation stock (held for investment) $150,000 $120,000 Non-LIFO inventory 80,000 110,000 Warbler Corporation is not a member of a controlled group. As a result of the distribution: a. The shareholders have dividend income of $200,000. b. The shareholders have dividend income of $260,000. c. Warbler has a recognized gain of $30,000 and a recognized loss of $30,000. d. Warbler has no recognized gain or loss. e. None of these
The shareholders have a dividend income of $200,000. The answer is a.
The property distribution of Pink Corporation stock results in a recognized gain of $30,000 ($150,000 fair market value - $120,000 adjusted basis). The distribution of non-LIFO inventory results in a recognized loss of $30,000 ($80,000 adjusted basis - $110,000 fair market value).
Since the recognized gain and loss offset each other, there is no recognized gain or loss at the corporate level. Therefore, the entire amount of the property distribution is treated as a dividend to the shareholders. The total value of the property distribution is $230,000 ($150,000 + $80,000), which exceeds the corporation's current and accumulated E&P of $250,000.
Therefore, the entire amount of the property distribution is a dividend to the shareholders, resulting in a dividend income of $200,000 ($230,000 distribution - $30,000 recognized gain).
The correct answer is (a) The shareholders have a dividend income of $200,000.
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Individuals who haven't studied economics may not understand how all-you-can-eat buffets manage to make money. This can be explained by the concept of __________, which makes each trip to the buffet line less satisfactory than the previous one.
real-income effect
marginal utility
diminishing marginal utility
the substitution effect
the consumer optimum
The concept that explains how all-you-can-eat buffets manage to make money is the idea of diminishing marginal utility.
This concept refers to the tendency for the satisfaction that a person derives from consuming a particular item to decrease as they consume more of that item. In the case of all-you-can-eat buffets, each trip to the buffet line becomes less satisfactory than the previous one due to this effect.
As customers continue to eat from the buffet, they experience diminishing marginal utility, meaning that the value they place on each additional plate of food decreases. As a result, the cost to the restaurant of providing each additional plate is low relative to the price charged to the customer, allowing the restaurant to make a profit.
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According to purchasing-power parity, if a basket of goods costs $100 in the U.S. and the same basket costs 800 pesos in Argentina, then what is the nominal exchange rate?
The nominal exchange rate is 8 Argentine pesos per U.S. dollar.
The nominal exchange rate between the U.S. dollar and the Argentine peso can be calculated using the purchasing-power parity theory. According to this theory, the exchange rate should equalize the prices of identical baskets of goods in different countries. In this case, according to purchasing-power parity, if a basket of goods costs $100 in the U.S. and the same basket costs 800 pesos in Argentina, then the nominal exchange rate can be calculated.
The nominal exchange rate can be determined as follows:
1: Identify the cost of the basket of goods in both countries.
In the U.S., the basket of goods costs $100.
In Argentina, the basket of goods costs 800 pesos.
2: Divide the cost of the basket of goods in Argentina by the cost of the basket of goods in the U.S.
Nominal exchange rate = (Cost of the basket in Argentina) / (Cost of the basket in the U.S.)
Nominal exchange rate = 800 pesos / $100
3: Simplify the fraction to find the nominal exchange rate.
Nominal exchange rate = 8 pesos per $1
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which is affected as a result of an error in performing the physical count of inventory at the end of the acctg. period?ni; operating exp; net cost of purchases; sales rev
An error in performing the physical count of inventory at the end of the accounting period primarily affects the net cost of purchases. Option B is correct.
During the physical count, the actual inventory is compared to the recorded inventory in the accounting books. If there's an error in the count, it will cause a discrepancy between the actual and recorded inventory. This discrepancy impacts the net cost of purchases, as it determines the cost of goods sold (COGS) during the accounting period.
The cost of goods sold is calculated by adding the beginning inventory, net cost of purchases, and subtracting the ending inventory. If the physical count is incorrect, the ending inventory will be inaccurate, causing an incorrect calculation of the cost of goods sold.
While operating expenses, net income, and sales revenue are related to the inventory, they are not directly affected by an error in the physical count of inventory. The primary impact is on the net cost of purchases.
Therefore, option B is correct.
Which of the following is affected as a result of an error in performing the physical count of inventory at the end of the accounting period?
A) operating expenses
B) net cost of purchases
C) sales revenue
D) net income
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Amabile and her colleagues characterized the nature of days in which employees were under pressure and unlikely to exhibit creative thinking as ones in which they were:
a. On a mission
b. On an expedition
c. On a treadmill
d. On autopilot
The "nature-of-days" in which the employees were "under-pressure" and unlikely to exhibit creative thinking as ones in which they were (c) On a treadmill.
Amabile and her colleagues characterized the "nature-of-days" in which employees were "under-pressure" and unlikely to do "creative-thinking" as ones in which they were "on a treadmill."
This refers to the feeling of being overwhelmed and pressured to constantly produce work, without sufficient time or resources to do so.
When employees feel like they are on a treadmill, they may be less likely to engage in creative thinking and problem-solving because they are focused on meeting immediate demands rather than exploring new ideas and possibilities.
Therefore, the correct option is (c).
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catalog companies are committed to selling at the prices printed in their catalogs. a. if a catalog company finds its inventory of sweaters rising, what does that tell you about the demand for sweaters? multiple choice 1 demand was unexpectedly low. demand was unexpectedly high. demand was as expected. b. if the company could change the price of sweaters, would it raise the price, lower the price, or keep the price the same? multiple choice 2 keep the price the same. raise the price. lower the price. c. given that the company cannot change the price of sweaters, consider the number of sweaters it orders each month from the company that makes its sweaters. if inventories become very high, will the catalog company increase orders, decrease orders, or keep orders the same? multiple choice 3 keep orders the same. decrease orders. increase orders. d. given what the catalog company does with its orders, what is likely to happen to employment and output at the sweater manufacturer? employment will (click to select) and output will (click to select) .
a. Demand was unexpectedly low. b. Keep the price the same.c. Decrease orders. d. Employment will decrease and output will decrease.
a. If a catalog company finds its inventory of sweaters rising, this tells us that the demand for sweaters was unexpectedly low. So, the correct answer is 1: demand was unexpectedly low.
b. If the company could change the price of sweaters, it would likely lower the price to help clear out the excess inventory. So, the correct answer is 2: lower the price.
c. Given that the company cannot change the price of sweaters and inventories are very high, the catalog company will most likely decrease orders to avoid further overstocking. So, the correct answer is 3: decrease orders.
d. Given what the catalog company does with its orders, it is likely that employment at the sweater manufacturer will decrease, and output will also decrease.
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What is a real-time system?
Select one:
A. provides real-time information in response to query requests
B. encompasses all organization information, and its primary purpose is to support the performing of managerial analysis tasks
C. encompasses all of the information contained within a single business process or unit of work, and its primary purpose is to support the performing of daily operational tasks
D. provides immediate, up-to-date information
The correct statement about Real-Time system is (a) provides real-time information in response to query requests.
A "Real-Time" system is a system which provides the real-time information in response to query-requests. These systems are designed to provide users with immediate access to up-to-date information, typically through the use of online transaction processing (OLTP) systems.
The Real-time systems are used in a variety of applications, such as stock market trading, airline reservations systems, and traffic control systems, where immediate access to current information is critical to decision-making and operational efficiency.
These real-time systems rely on advanced data-processing and communication technologies to deliver information in real-time.
Therefore, the correct option is (a).
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Suppose you invest $10,000 in a mutual fund when you graduate from the university. Assume that the mutual fund grows in value at a rate of 7% per year in the future. Using the Rule of 70, we know that after forty years, your mutual fund will be worth about a. $700,000 b. $13,000 c. $160,000 d. $40,000
Assuming the mutual fund grows in value at a rate of 7% per year in the future. Using the Rule of 70, we know the correct answer is a. $700,000.
1. According to the Rule of 70, we can estimate how long it will take for an investment to double by dividing 70 by the annual growth rate. In this case, 70 divided by 7 is equal to 10, which means the investment will double every 10 years.
2. After 40 years, the investment will double four times. So, $10,000 will become $20,000 after 10 years, $40,000 after 20 years, $80,000 after 30 years, and $160,000 after 40 years.
3. However, since the investment continued to grow at a rate of 7% per year, the $160,000 will continue to double every 10 years. So, after 50 years, it will be worth $320,000, after 60 years, it will be worth $640,000, and after 70 years, it will be worth $1,280,000.
4. Since we only need to calculate after 40 years, we can estimate the value by realizing that $160,000 will double twice in that time, becoming $320,000 and then $640,000. Therefore, we can safely estimate that the mutual fund will be worth approximately $700,000 after 40 years.
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Products go through a number of stages in the PLC. The life cycle stage where a product begins the PLC this is known as the _________ stage
The stage at which a product is first introduced to the market and begins its journey through the product life cycle (PLC) is known as the introduction stage.
This stage is characterized by slow sales growth, as the product is new and unknown to potential customers. During this stage, the marketing focus is on creating awareness and interest in the product, as well as developing distribution channels and building relationships with early adopters.
In the introduction stage, marketing efforts may involve high levels of promotion and advertising to generate awareness and interest in the product. Pricing may be set at a premium to recoup initial development costs and establish the product as a high-quality option. Distribution channels may be limited, as the product is typically only available through select retailers or online channels.
The introduction stage is a critical time for a new product, as it sets the stage for future growth and success. Effective marketing and strategic planning can help a product navigate this stage and move on to the growth stage of the PLC.
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TC = 193 + 50Q + 4Q2 What is the average variable cost when 11 units are produced? Enter as a value.
The average variable cost when 11 units are produced is 94.
To calculate the average variable cost when 11 units are produced given the total cost function TC = 193 + 50Q + 4Q², follow these steps:
1. Identify the variable cost (VC) function: In this case, the variable cost function is the portion of the total cost function that includes the terms with Q: VC = 50Q + 4Q².
2. Substitute the quantity (Q) with the given units: Since we're asked to find the average variable cost when 11 units are produced, substitute Q with 11: VC = 50(11) + 4(11²).
3. Calculate the variable cost: VC = 50(11) + 4(121) = 550 + 484 = 1034.
4. Calculate the average variable cost (AVC): AVC is the variable cost divided by the number of units produced. So, AVC = VC / Q = 1034 / 11.
5. Solve for AVC: AVC = 1034 / 11 = 94.
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Kopecky Inc., which produces a single product, has prepared the following standard cost sheet for one unit of the product:
Per unit
Direct materials (6 kg at $2.50 per kg) $15.00
Direct labour (3.1 hrs at $12 per hr) $37.20
During the month of April, the company manufactures 250 units and incurs the following actual costs:
Direct materials purchased and used (1,600 kgs) $4,192
Direct labour (760 hours) $8,740
Required:
1. Calculate the price and quantity variances for direct materials, as well as the total variance. Make sure you indicate if the variances are favourable or unfavourable.
2. Calculate the rate and efficiency variances for direct labour, as well as the total variance. Make sure you indicate if the variances are favourable or unfavourable.
1. The Price Variance is $192 Unfavourable, Quantity Variance is $250 Unfavourable and the Total Variance is $442 Unfavourable for Direct Materials and 2. The Rate Variance is -$380 Favourable, Efficiency Variance is -$180 Favourable, and Total Variance is -$560 Favourable for Direct labour.
1. Direct Materials Variances:
The price per kg: $2.50
The Actual price per kg: $4,192 / 1,600 kgs = $2.62
The Price Variance: (Actual Price - Standard Price) * Actual Quantity
The Price Variance: ($2.62 - $2.50) * 1,600 kgs = $0.12 * 1,600 = $192 Unfavourable
The Standard quantity for 250 units: 6 kg/unit * 250 units = 1,500 kgs
The Quantity Variance: (Actual Quantity - Standard Quantity) * Standard Price
The Quantity Variance: (1,600 kgs - 1,500 kgs) * $2.50 = 100 kgs * $2.50 = $250 Unfavourable
The Total Variance: Price Variance + Quantity Variance
The Total Variance: $192 + $250 = $442 Unfavourable
2. Direct Labour Variances:
The Standard rate per hour: $12.00
The Actual rate per hour: $8,740 / 760 hours = $11.50
The Rate Variance: (Actual Rate - Standard Rate) * Actual Hours
The Rate Variance: ($11.50 - $12.00) * 760 hours = -$0.50 * 760 = -$380 Favourable
The Standard hours for 250 units: 3.1 hours/unit * 250 units = 775 hours
The Efficiency Variance: (Actual Hours - Standard Hours) * Standard Rate
The Efficiency Variance: (760 hours - 775 hours) * $12.00 = -15 hours * $12.00 = -$180 Favourable
The Total Variance: Rate Variance + Efficiency Variance
The Total Variance: -$380 + -$180 = -$560 Favourable
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The U.S. balance of payments deficit would widen for all of the following reasons EXCEPT: A dividend payments by U.S. issuers to foreign holders of those securities increase B purchases of U.S. securities by foreigners increase C exports of domestic goods to foreign countries decrease D imports of foreign goods into the United States increase
The U.S. balance of payments deficit would widen for all of the following reasons EXCEPT (B) [urchases of U.S. securities by foreigners increase.
A. Dividend payments by U.S. issuers to foreign holders of those securities increase
B. Purchases of U.S. securities by foreigners increase
C. Exports of domestic goods to foreign countries decrease
D. Imports of foreign goods into the United States increase
Your answer: B. Purchases of U.S. securities by foreigners increase.
Explanation:
A. When dividend payments increase, the deficit widens as more money flows out of the country.
C. When exports decrease, the deficit widens because there is less foreign demand for domestic goods.
D. When imports increase, the deficit widens as more money is spent on foreign goods.
However, B. When purchases of U.S. securities by foreigners increase, it does not widen the deficit. Instead, it can help to finance the deficit by bringing in foreign investment.
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Risk should be evaluated solely by the magnitude or severity of expected harm, not probability.TrueFalse
Risk should only be assessed in terms of the size or magnitude seriousness of the projected harm, not chance. False.
As Probability and Severity are combined to establish Risk, the major portion of the matrix displays the Risk Levels. Low, Medium, High, and Extremely High are the available levels. We need a fairly constrained likelihood and degree of severity in order to have a low level of risk.
The impact or damage that would result from the risk realization is what is meant by "severity." Probability refers to how likely it is that the risk will materialize. The amount of time it will take to realize that the risk has actually materialized is known as "detectability." Probability, which is frequently rated on a five-point scale: Frequent, is the possibility that the risk will materialize.
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In the income-expenditure model, contractionary monetary policy leads to:
Contractionary monetary policy leads to a decrease in aggregate demand, which can cause a decrease in output and prices and potentially higher unemployment.
The income-expenditure model is a macroeconomic model that explains how changes in aggregate demand affect the economy's output and prices. In this model, contractionary monetary policy refers to actions taken by the central bank to reduce the money supply and increase interest rates.
When the central bank implements a contractionary monetary policy, it raises the interest rates that banks charge on loans, making borrowing more expensive. This, in turn, reduces consumer and business spending, causing aggregate demand to decrease. As aggregate demand falls, firms reduce their production levels to match the lower demand, leading to a decrease in output.
The decrease in output caused by contractionary monetary policy can lead to higher unemployment, as firms reduce their workforce to adjust to the lower demand. Lower output can also lead to lower prices, as firms may lower prices to try to stimulate demand.
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