In the United States, 40% of workplace fatalities are caused by transportation-related incidents.
How many people are killed and injured at work each year in the United States?
Employers in private industry reported 2.6 million cases of illness and injury in 2021, a decrease of 1.8% from 2020.In 2021, there will be 2.2 million cases of injury, up 6.3% from the previous year, while there will be 365,200 cases of illness.
How should employers encourage employees to eat healthy and exercise at work?
Gyms in the area should receive materials from employers to promote healthy eating and exercise in the workplace. If an employee is hurt on the job, they can get paid. If employees work more than the allotted number of hours, their employers are obligated to compensate them for overtime.
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at the end of 2010, what was littleland's debt to gdp ratio? give your answer to the nearest whole percentage point.
At the end of 2010, what was little lands debt to GDP ratio was the nearest whole percentage point 4% .
The market value of all the finished goods and services that nations produce and sell in a given time period is measured in dollars by their gross domestic product (GDP). This measurement is frequently revised before being regarded as a reliable indicator due to its subjective and complicated nature. Gross domestic product (GDP) is a monetary indicator of the market value of all finished goods and services produced during a given period and sold (not resold). Debt is an obligation that requires one party, the debtor, to pay another party, the creditor, money or another agreed-upon value. Debt differs from an immediate purchase in that it requires a deferred payment or series of payments.
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on a previous sale of $3,000, shark co. accepts a return of $1,000 from its customer. the original cost of the goods returned was $450. the entry to record this return would include a credit to
A credit of $1,000 would be made to Accounts Receivable as part of the entry to record this return.
When a consumer or client sends a product back to the seller, it is referred to as a sales return. There are a variety of justifications for returns by customers, including Excessive quantity: A customer may have ordered more goods than they require, or a business may have mistakenly shipped excess goods.
Sales return and allowance account Dr. $ 1000
To Account receivables A/c $ 1000
(Being sales return of $ 1000)
Gross profit = Net sales - Cost of goods sold
Net sales = Sales Revenue - Sales return - sales discount
Net Sales = $2,000,000 - $360,000 - $50,000
Therefore, Net Sales = $1,590,000
Gross Profit = Net Sales - Sales returns - Sales Discount
Gross profit = $1,590,000 - $1,120,000
Therefore, Gross Profit = $470,000.
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mr. elite invested $100,000 in an old, classic rolls-royce. he expects it to increase 5% per year for the next 5 years. how much will his car be worth after five years?
Mr. elite invested $100,000 in an old, classic Rolls-Royce. He expects it to increase 5% per year for the next 5 years. It will worth $127,628.156 after five years.
Present value = $100,000
Rate= 5%
Number of years= 5
worth of classic Rolls-Royce after 5 years= present value*(1+r)^n
=100,000*(1+5%)^5
= $127,628.156.
What is return on investment?
Return on Investment (ROI) is a rough measure of the profitability of an investment.
ROI is calculated by subtracting the initial cost of investment from the final value, dividing this new number by the investment cost, and finally multiplying by 100.
ROI can be used in many ways. It can be used to measure the profitability of a stock, decide whether to buy a business, or assess the success of a real estate transaction.
The downside of ROI is that it doesn't take into account the holding period of the investment.
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Supply chains for services are easier to define than supply chains for manufactured goods.
a. True
b. Flase
Supply chains for services are easier to define than supply chains for manufactured goods.
a. True
b. False
which one of the following short-run cost curves would not be affected by an increase in the wage paid to a firm's labor? group of answer choices average fixed cost average variable cost average total cost marginal cost
Average total cost curves would not be affected by an increase in the wage paid to a firm's labor.
In political organizing, a just wage is the amount of pay that enables employees to support themselves and their families in a wage way that is consistent with human dignity, without having to work a second job or rely on government assistance. American English prefers the spelling labor, and the rest of the English-speaking world prefers the spelling labor. One exception is the Australian Labor Party, which is referred to using the American spelling there.
Their labor is the collective or individual term for the work they perform. For the fruits of his labor, every man should be paid fairly.
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on november 1, 2024, a company signed a $100,000, 6%, six-month note payable with the amount borrowed plus accrued interest due six months later on may 1, 2025. what effect does receiving cash and signing a note have on the financial statements?
The effect that receiving cash and signing a note have on the financial statements is assets increase and liabilities increase.
Assets in financial accounting are the resources needed by a company to operate and expand. Current assets and noncurrent assets are the two types of assets that make up a company's total assets and are listed on the balance sheet of the business. When compared to noncurrent assets, which have a useful life of more than a year, current assets are long-term because they are required for a company's immediate needs.
Financial statements are written records that outline a company's operations as well as its financial performance. Government organizations, accounting firms, and other entities frequently audit financial statements to ensure their accuracy and for reasons related to taxes, financing, or investing.
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when there are economies of scope between two products that are separately produced by two firms, merging into a single firm can multiple choice lead to an increase in cost. lead to a reduction in sales. accomplish a reduction in costs. accomplish an increase in sales.
When the cost of producing both products together is lower than the cost of producing them separately, economies of scope exist between them.
The term "Economies of Scope" refers to situations in which the marginal cost of producing two or more goods together is lower than that of producing them separately.
In business, what exactly is economies of scope?
An economic principle known as economies of scope states that a company's unit cost to produce a product will decrease as its product range expands. To put it another way, the total cost to produce each item will decrease the more distinct but similar products you produce.
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Which of the following are principles of internal control?
a. Increase revenues.
b. Reduce vendor payables.
c. Perform regular and independent reviews.
d. Divide responsibility for related transactions.
e. Establish responsibilities.
f. Maintain adequate records.
Maintaining adequate records is the following principle of internal control.
Internal control is a procedure for ensuring that an organization's objectives in operational effectiveness and efficiency, accurate financial reporting, and compliance with laws, rules, and policies are met, according to the definitions of accounting and auditing.
It is a method for managing, tracking, and evaluating an organization's resources. It is crucial to the organization's efforts to identify and stop fraud as well as to safeguard its material (such as equipment and property) and intangible (such as human capital) resources (e.g., reputation or intellectual property such as trademarks).
Internal control objectives at the organizational level have to do with the accuracy of financial reporting, timely feedback on the accomplishment of operational or strategic goals, and adherence to legal requirements.
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livingston company uses process costing to account for the production of elastic bands. all direct materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout the process. beginning inventory consisted of $16,600 in materials and $10,600 in conversion costs. april costs were $74,600 for materials and $82,600 for conversion costs. during april 10,600 units were completed. ending work in process inventory was 6,600 units (100% complete for materials, 50% for conversion). the cost per equivalent unit for conversion costs using the weighted-average method would be:
The first option is correct which is $16.184
Computation of Equivalent unit of Production
Units accounted for:
Unit completed & Transferred out
In Physical Units = 11600
In Material = 11600
In Conversion = 11600
Units in ending inventory:
In Material (50%) = 5800
Conversion (50%) = 2900
Equivalent units of production
In Physical Units = 17400
In Material = 17400
In Conversion = 14500
Computation of Cost per equivalent unit
Particulars =
Opening WIP =
In Physical Units = $32,000
In Material = $44,000
In Conversion = $76,000
Cost Added during Period =
In Physical Units = $90,000
In Material = $89,000
In Conversion = $179,000
Total cost to be accounted for
In Physical Units = $122,000
In Material = $133,000
In Conversion = $255,000
Equivalent units of production
In Physical Units = 17400
In Material = 14500
Cost per Equivalent unit
In Physical Units = $7.011
In Material = $9.172
In Conversion = $16.184
Hence the final answer is $16.184
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Which economic indicator tells you about the future expected profits of businesses?.
For equity investors who are focused on corporate profit growth, the gross domestic product (GDP) may be the most important indicator.
What are expected predictions from economic indicators?
Economists use leading economic indicators to predict how businesses will fare in the future. They look at things like the money supply, real GDP (Gross Domestic Product), and retail and food sales to figure this out.The business cycle's future can be predicted with the help of this list of indicators.
For forecasting, which indicator is utilized?
The inverse value of the mean absolute percentage error, or MAPE, is one widely used indicator of forecast accuracy (Fildes & Goodwin, 2007).MAPE addresses the mean worth of the outright rate contrasts between anticipated values and genuine qualities.
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in a given year, a marketing firm has the following costs: $510,000 in wages and salaries paid to employees; $70,000 in rental payments for office space; and $68,000 for office supplies, advertising, and utilities. in addition, van, the owner of the firm, works for the firm full time (and is not paid a salary, since he receives the firm's profits). if he did not work for the marketing firm, van could earn $110,000 per year working as a marketing manager for another firm. for each possible amount of total revenue, fill in the accounting profit and economic profit of the marketing firm.
A company can make two main kinds of profits. Accounting profits are the basis for all profits. Accounting profits are subtracted from economic expenses to determine economic profit or loss.
Accounting profits are profits that take into account all recognized revenues and expenses associated with an operation. Total Revenue (in dollars) Accounting Profit (in dollars) Economic Profit (in dollars) 730,000 133,000 23,000 780,000 183,000 73,000 830,000 233,000 123,000 880,000 283,000 173,000Economic profits account for all of the operation's lost revenue. Therefore, in order to calculate economic profit, we need to take into consideration the $110,000 in lost wages that Deborah could have earned if she were not running her business.
What is implied by financial benefit?
The difference between the costs of all inputs used, as well as any opportunity costs, and the revenue from the sale of an output is an economic profit or loss. Opportunity costs and explicit costs are subtracted from earned revenues when calculating economic profit.
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michael's, incorporated, just paid $2.35 to its shareholders as the annual dividend. simultaneously, the company announced that future dividends will be increasing by 5.1 percent. if you require a rate of return of 9.3 percent, how much are you willing to pay today to purchase one share of the company's stock?
If I need a rate of return of 9.3%, today I would be willing to pay $55.95 for a stake in the business.
What does a return rate mean?A rate of return is the net gain or loss of an investment over a predetermined time period expressed as a percentage of the investment's initial cost. You choose the percentage that changed from the start of the term to the end when figuring out the rate of return.
The basic growth rate or return on investment are other names for this straightforward rate of return. If the time value of money and inflation are also taken into account, another way to define the real rate of return is the net amount of discounted cash flows (DCF) received on an investment after accounting for inflation.
Calculation:
The following formula can be used to determine the share's current price:
Share price equals dividend (rate of return-dividend growth rate)
Currently, the dividend per share is $2.35.
9.3% is the required rate of return for stock investors.
The anticipated dividend payout increase is 5.1%.
current share price = $2.35/(9.3%-5.1%)
= $55.95
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most stores offer rotating promotions that provide discounts on various products. however, at many of them, you must become a rewards member to take advantage of the deals. the price of the membership is free. you are probably familiar with this process at grocery stores, pharmacies, and even pet supply chains. a. identify each hurdle that shoppers must typically clear to obtain these promotional deals. taking time to fill out a form divulging personal information, such as one's age and e-mail address remembering to bring the discount card to the store or providing the clerk with your phone number b. rewards membership offerings benefit stores by enabling them to gain a unque competitive advantage, so that they can dominate the market. make sales they would not otherwise make. track data, such as buying habits, on their customers.
A. All three options are valid.
In order to avail of the discounts, a consumer needs to bring membership cards. also, a consumer needs to fill out a form that involves divulging personal information.
B. Options 1 and 1 are valid.
The membership details help a firm track various information about the consumer. It also helps the firms make additional sales. However, this advantage is not unique to the firm as other firms can easily copy this strategy.
The membership type method is the type of membership for which a man or woman applies each being a sub-class of voting Member or Non-vote casting Member. The membership type defines the advantages received by using contributors in any given club for 12 months as determined by way of the Board from time to time; sample 1Sample 2Sample three.
The club procedure was applied to invoke membership policies that examine whether a provided records set for a consumer document and the associated facts satisfy the necessities to permit the magnificence club.
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a stock recently paid a dividend of 3 per share, its growth rate is expected to be 8 percent. investors require a 10 percent return. the stock is selling in the market for 140. what is the stock worth and is the stock undervalued or overvalued
Before making an investment or working with a company on a particular project, people try to figure out how much profit they will make.
There are numerous methods for determining an investment's return, and investors or businesses typically seek a required rate of return before proceeding with an investment or project.
What is the Required Return Rate, or RRR?
An investor's minimum profit (return) for taking on the risk of investing in a stock or other security is known as the required rate of return (RRR).
The profitability of a project in relation to the expense of funding it can also be calculated using RRR. The level of risk involved in making a commitment to a particular project or investment is indicated by RRR. The level of risk is proportional to the return.
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obligations associated with disposition of property, plant, equipment, or natural resources are called
The obligations associated are known as asset retirement.
Asset retirement is the process of removing an investment or part of an investment from the group of investments. is accounted for in the books as the withdrawal of an asset or a portion of an asset. Retirement happens when a depreciable item is taken out of service without receiving any compensation for its salvage value.
In the process of asset retirement, the asset's net book value, if any, is written off as a loss in addition to the asset's cost and accrued depreciation being eliminated from the books. The section of the income statement titled other income and expense, net contains any realized losses or gains related to the disposition that is recorded in a separate account.
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ware manufacturing company produced 2,000 units of inventory in january year 2. it expects to produce an additional 14,000 units during the remaining 11 months of the year. in other words, total production for year 2 is estimated to be 16,000 units. direct materials and direct labor costs are $64 and $52 per unit, respectively. ware expects to incur the following manufacturing overhead costs during the year 2 accounting period. production supplies $ 20,000 supervisor salary 160,000 depreciation on equipment 75,000 utilities 20,000 rental fee on manufacturing facilities 45,000 required combine the individual overhead costs into a cost pool and calculate a predetermined overhead rate assuming the cost driver is number of units. determine the cost of the 2,000 units of product made in january.
The cost of the 2,000 units of product made in January is $266,380.
First, we need to calculate the total estimated overhead costs:
total estimated overhead costs= 20,000 + 160,000 + 75,000 + 20,000
total estimated overhead costs= $275,000
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 275,000 / 16,000
Predetermined manufacturing overhead rate= $17.19 per unit
Finally, we can calculate the total production cost of the 2,000 units made in January:
Total production cost= total unitary cost ×number of units
Total production cost= (64 + 52 + 17.19)×2,000
Total production cost= $266,380
In economics, total cost (TC) is the minimum dollar cost of producing a few quantities of output. this is the entire economic cost of production and is made from variable value, which varies in step with the amount of an amazing produced and includes inputs including hard work and raw materials, plus fixed value, that is impartial to the amount of a good produced and consists of inputs that can't be numerous within the quick term together with homes and machinery, along with probably sunk charges.
General value in economics includes the total opportunity cost (blessings received from the subsequent-nice opportunity) of every aspect of production as a part of its fixed or variable costs.
The additional total cost of 1 additional unit of production is called marginal cost.
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if a perfectly competitive firm determines that mr > mc, then to increase its profit the firm will its production
if a perfectly competitive firm determines that mr >mc, then to increase its profit the firm will its production marginal revenue exceeds marginal cost.
In economics, the marginal cost is the trade inside the total cost that arises while the quantity produced is incremented, the cost of producing additional quantity. In a few contexts, it refers to an increment of 1 unit of output, and in others, it refers back to the fee of trade of general cost as output is multiplied by way of an infinitesimal amount.
As parent 1 indicates, the marginal price is measured in greenbacks according to the unit, while the general price is in dollars, and the marginal cost is the slope of the whole price, the price at which it increases with output. Marginal price is different from common cost, that's the entire value divided through the variety of units produced.
At each degree of manufacturing and time period being considered, marginal value consists of all costs that modify with the level of production, while fees that don't range with manufacturing are constant. for instance, the marginal value of producing a car will include the charges of exertions and components wanted for the additional car but now not the constant value of the manufacturing unit construction that does not trade with output.
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a perfectly competitive firm earns an economic profit when: a. price is above average variable cost. b. price is above average total cost. c. total cost exceeds total revenue. d. total variable cost exceeds total revenue.
The correct option b. price is above average total cost, best describes the perfectly competitive firm.
Define the term perfectly competitive firm?A perfectly competitive business must accept whatever equilibrium price within which it sells its products because it is a price taker.
A completely competitive business will not be able to generate any sales if it seeks to pay even a small amount above the going rate.According to economic theory, perfectly competitive exists when all businesses sell the same goods, market share has no bearing on prices, businesses can enter or quit the market without any obstacles, consumers have perfect or complete information, and businesses are unable to set prices.The closest example of ideal competition in real life may be a typical farmers' market. Small producers charge relatively similar pricing for products that are almost equivalent.Thus, in price above average total cost results in an economic profit for a perfectly competitive firm.
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yelne florist has 2,000 bonds outstanding with a face value of $1,000 each, a market value of $1,060 each, and a coupon rate of 9 percent. the interest is paid semiannually. what is the amount of the annual tax shield on debt if the tax rate is 23 percent?
The annual tax shield on debt with the given tax rate will be equal to $41400.
After the completion of the maturity period of the bond, its value is calculated in order to determine that whether the bond was profitable or whether purchasing the bond was not at all beneficial for the company or organization. According to the question,
Total number of bonds = 2000
Face value = $1000 per bond
Market value = $1060
Coupon rate = 9%
Tax rate = 23%
Now, the formula for calculating Total Interest Expense is expressed as
Total Interest Expense = Total number of bonds × Face value × Coupon rate
Total Interest Expense = 2000 x $1000 per bond x 9%
Total Interest Expense = $180000
Now, the Interest shield will be expressed as
Interest Shield = Total Interest Expense × Tax rate
Interest Shield = $180000 × 23%
Interest Shield = $41400
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an investor has entered into a contract to pay an investment company a specific sum of money in exchange for the company's agreement to pay the investor a specific (larger) sum of money on a specific date in the future. the investment company must be
The investment company must be a face-amount certificate company.
Investments are things or assets that are bought with the hope of making money or appreciating in value. An asset's value increasing over time is referred to as "appreciation." When someone purchases something as an investment, they don't intend to use it right away; instead, they want to use it to profit in the future.
Four main asset classes or investment types are available to you, each of which has specific characteristics, dangers, and benefits.
investments in expansion. Shares. True estate. defense-oriented investments. Cash and varying interest. The most basic explanation of how investing works is to buy something for a low price and sell it for a higher price. This type of return on investment is known as a capital gain.
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according to equity theory, which is not an action an employee will take in response to feelings of inequity?
Change valence is not an action an employee will take in response to feelings of inequity according to equity theory.
Change valence is a collection of opinions from organization members about the advantages of change for the company. Because they think the change is necessary, organization members evaluate a planned organizational change. According to the equity hypothesis, when employees provide identical inputs and obtain equivalent results, the situation is viewed as fair by the employees. Employees see an unfair scenario when rewards vary for the same level of effort.
The degree to which a worker at a company thinks a change initiative will help the company is known as organizational valence. Value is the degree, if any, to which the outcome is appreciated. Employees will be happier with their work if they value a certain incentive highly.
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when buyers are worried that sellers know more about a product than they do, buyers tend to make purchases, which in turn creates . please choose the correct answer from the following choices, and then select the submit answer button. answer choices fewer; deadweight loss fewer; economic surplus more; economic surplus more; deadweight loss
Consumer surplus can additionally be thinking of as the wealth that alternate creates for consumers in a market.
Consumer surplus is measured in dollars.
Graphically, consumer surplus is the vicinity below the demand curve and above the equilibrium price, from zero to the volume traded.
What position do consumers play in the market and how can they affect it?Consumer spending represents the simple supply of demand for products offered in the marketplace, which is half of of what determines the market prices for items and services. The different 1/2 is primarily based on decisions businesses make about what to produce and how to produce it.
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https://brainly.com/question/13573671#SPJ4the second of porter's 5 forces refers to the ease with which a new competitor can enter the market. strong to entry decrease the strength of this force.
The second of Porter's 5 forces is the threat of new entrants
What are the second of porter's 5 forces?These forces affect a company's profitability by affecting the quantity and strength of its rivals in the market, potential new market entrants, suppliers, customers, and substitute products.An industry's vulnerabilities and strengths can be ascertained using Porter's Five Forces, a model that identifies and examines five competitive forces that affect every industry. The structure of an industry is typically identified using the Five Forces analysis to develop company strategy.Any sector of the economy can use Porter's model to analyze the level of industry competition and boost a firm's long-term profitability.Competition in the industry, Potential of new entrants into the industry, Power of suppliers, Power of customers, Threat of substitute productsHence, The second of Porter's 5 forces is the threat of new entrants
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the gomez family just moved into their dream home. they purchased the home for $264,985, and it appraised at $272,402. the assessment ratio for their area is 25%, and the tax rate for their area is 2.8%. what is their annual tax bill?
The gomez family just moved into their dream home. Their annual tax bill is $ 68,100 and $ 1907.
Calculating the problem:1. Ratio for their area is 25%
($272,402 x 0.25)
= $68,100
2. Times that number by 0.028
($68,100 x 0.028)
= $1907
What is tax rate?
A tax rate is a chance at which an individual or pot is tested. The civil government and numerous of the countries, uses a progressive tax rate system, in which the chance of tax charged increases as the quantum of the person's or reality's taxable income increases.
How is tax rate calculated?The most straightforward way to calculate effective tax rate is to divide the income tax expenditure by the earnings( or income earned) before levies. Tax expenditure is generally the last line item before the nethermost line — net income — on an income statement.
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which of the following is true when firms in an industry reach diseconomies of scale at relatively low levels of production? a.) firms will be exiting the industry. b.) other firms can easily enter the market. c.) the market price will increase. d.) firms will be shutting down.
when firms in an industry reach diseconomies of scale at relatively low levels of production then b.) other firms can easily enter the market.
Diseconomies of scale often occur when the production process loses efficiency, increasing the cost of creating additional units of output. Diseconomies of scale frequently result in a company's decreased profitability since they raise marginal expenses.
Diseconomies of scale are not always a negative thing. Instead, it is a wasteful use of resources because it raises the price of commodities over what they otherwise would. This is due to the fact that as a company grows, the cost to create it rises.
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If a firm is earning an accounting profit, it is definitely earning an economic profit that is at least as large as the accounting profit too True or False
True, While a firm earning an accounting profit is definitely earning an economic profit, it is possible for the economic profit to be larger than the accounting profit.
The accounting profit:Accounting profit is the difference between the total revenue and the total costs of a company. The total costs include both the explicit costs and the implicit costs. The explicit costs are the direct costs that are incurred in the production of the good or service. The implicit costs are the opportunity costs that are incurred when the company uses its resources for something other than production.
The accounting profit is important because it provides a measure of how much revenue a company has generated from its activities. It is also a useful tool for managers to use when making decisions about how to allocate resources.
One limitation of accounting profit is that it does not take into account the opportunity cost of the resources that a company uses. For example, if a company uses its factory to produce widgets, the opportunity cost of using the factory is the revenue that the company could have earned if it had used the factory to produce something else. This opportunity cost is not included in the accounting profit.
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richard is a division manager for a restaurant chain. he recently discovered that the general manager at one of his locations, john, had been stealing money from the restaurant. by the time john was caught, he had stolen nearly $800. richard learned from a recently hired consultant that the employees of that restaurant knew john was stealing, but did not report the theft. richard was baffled as to why the employees at that restaurant location had kept their suspicions to themselves. the same consultant informed him that the employees did not fully trust him, and that they were unsure whether they would face retaliation for reporting. what is a skill that richard should work on if he wants restaurant employees to report unethical behavior to him?
Active Listening Because taking orders for food and drinks is the most important part of being a server, you need to be good at active listening.
What do you consider to be the most essential abilities for this restaurant position?The hospitality sector relies heavily on effective communication skills. You can become a great leader as a restaurant manager by having excellent communication skills. You will interact with people of varying nationalities, ages, and backgrounds every day. Ideally, communicate in a manner that is easy to understand.
What abilities develop when you work in a restaurant?Certifications and training in food safety, allergens, and health.... Cross-contaminationTechnology in the food service, hospitality, and kitchenFood preparation and cooking.Profiling of taste.Smart in business.Be patient.Performing multiple tasks at once.Mental Calculus.Learn more about effective communication skills here:
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As liv golf expands to 14 events in 2023, how much money will be available to competitors in the upcoming season?.
The 2023 programme for LIV Golf will include 14 tournaments with 48 players competing on 12 well-established team franchises for an unprecedented $405 million in prize money, the circuit announced on Wednesday.
What is LIV Golf?The Public Investment Fund, Saudi Arabia's sovereign wealth fund, provides funding for the professional golf tour known as LIV Golf. The term "LIV" relates to the Roman numerals for 54, the result on a par-72 course if every hole were birdied, and the total number of holes required to complete a round at a LIV event. On June 9, 2022, at the Centurion Club outside of London, England, the first LIV Golf Invitational Series competition began. The LIV Golf League will replace the Invitational Series in 2023. The tour has been generally characterised as an effort by the Saudi monarchy, which has come under fire for its graft and violations of human rights, to boost its public image through sports washing.
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costa company has a capacity of 40,000 units per year and is currently selling 35,000 for $400 each. barton company has approached costa about buying 2,000 units for only $300 each. the units would be packaged in bulk, saving costa $20 per unit when compared to the normal packaging cost. normally, costa has a variable cost of $280 per unit. the annual fixed cost of $2,000,000 would be unaffected by the special order. what would be the impact on profits if costa were to accept this special order? question 11 options: profits would increase $40,000. profits would increase $60,000. profits would decrease $200,000. profits would increase $80,000
If Costa were to accept this special order there would be an increase of $80,000. Hence, the correct choice of response for this question would be option (d).
Give a brief account on Marginal Production.When all other units remain constant, marginal production is the additional output that a business produces by adding one additional labor unit. You can expand the quantity of product you create by introducing additional production elements. The marginal product is the increased productivity attained by adding more than one work unit. In order to make decisions, identify chances for production improvement, and calculate the marginal revenue product of labor, it is crucial to understand marginal production in business operations.
To solve the question :
As we know that fixed costs are not affected by this special order, we will not consider the annual 2,000,000 outlay. We will only be concerned with our MC and MR in order to determine our additional profit or loss.
Step 1 : Calculate the margin per unit on this special order:
Selling price = $300
Typical Unit Cost = $280
Savings from bulk packaging = $20 per unit
New Cost per unit = (Typical Unit Cost - Savings for bulk packaging)
= $280 - $20
= $260 per unit
Profit per unit = (selling price - new cost per unit)
= $300 - $260
= $40 per unit
Now, we need to multiply our profit per unit by the amount of units in the special order:
= 2,000 x $40
= $80,000 increase
Hence, there is an increase of $80,000.
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the idea behind comparative advantage reflects the possibility that one party quizlet
The idea behind comparative advantage reflects the possibility that one party may be able to produce something at a lower opportunity cost than another party. A lower opportunity cost results in a comparative production advantage.
What does it mean to have a lower opportunity cost?When opportunity costs are minimal, a person can take advantage of an opportunity with little sacrifice or loss of resources. When one good has a comparative advantage, another must have a comparative disadvantage. A comparative disadvantage cannot exist in every good. To have an absolute edge, one must be able to generate more of every good.
The opportunity cost of continuing to accept just cash as payment can impede the expansion of your company and reduce revenues. How rapidly a company can convert its assets into cash is known as its liquidity. Being liquid in a market enables organizations to quickly respond to new business possibilities without reducing the value of their assets.
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