The completed table is given below:Units Consumed Total Utility Marginal Utility 00 10 708 70.8 20 3.5 30 133.6 40 180.5 50 92.8 60 487.6 (1 dp)
The given table is about total utility and marginal utility.
Given: Units Consumed Total Utility Marginal Utility 00 10 708 70.8 20 62.8 30 1876 40 2317 50 32.3 60 2804To complete the table, the following steps are to be followed:
Formula for Marginal Utility : Marginal Utility = (Change in Total Utility) / (Change in Quantity)
Step 1: Calculate the Marginal Utility of 20 units.Total Utility at 20 units = 70.8Marginal Utility of 20 units = (Total Utility of 20 units - Total Utility of 0 unit)/(20-0) = (70.8 - 0) / 20 = 3.54 (1 dp)
Step 2: Calculate the Total Utility of 30 units.Marginal Utility at 30 units = 62.8Total Utility of 30 units = Total Utility of 20 units + Marginal Utility at 30 units= 70.8 + 62.8 = 133.6
Step 3: Calculate the Marginal Utility of 40 units.Total Utility at 40 units = 1876Marginal Utility of 40 units = (Total Utility of 40 units - Total Utility of 30 units)/(40-30) = (1876 - 70.8) / 10 = 180.52 (1 dp)
Step 4: Calculate the Total Utility of 50 units.Marginal Utility at 50 units = 180.5Total Utility of 50 units = Total Utility of 40 units + Marginal Utility at 50 units= 1876 + 180.5 = 2056.5
Step 5: Calculate the Marginal Utility of 60 units.Total Utility at 60 units = 2804Marginal Utility of 60 units = (Total Utility of 60 units - Total Utility of 50 units)/(60-50) = (2804 - 1876) / 10 = 92.8 (1 dp)
Hence, the completed table is given below:Units Consumed Total Utility Marginal Utility 00 10 708 70.8 20 3.5 30 133.6 40 180.5 50 92.8 60 487.6 (1 dp)
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The direct materials purchases variance is computed when the materials are purchased. What is the materials quantity variance for the month? $5,859U $6,800∪ $18,333∪
The materials quantity variance for the month is $5,859U. The material quantity variance refers to the difference between the quantity of materials that should have been used during a certain period and the actual amount of materials that were used.
The formula to calculate the material quantity variance is as follows:Material Quantity Variance = (Actual Quantity of Material Used - Standard Quantity of Material Allowed) x Standard Price per UnitThe direct materials purchases variance is calculated when the materials are purchased, whereas the material quantity variance is calculated at the time of production.
Therefore, the material quantity variance is computed after the materials have been used in the production process. The result of the material quantity variance can be unfavorable (U) or favorable (F). If the variance is unfavorable, it means that more material was used than expected, which could be due to inefficiencies in the production process or waste.
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Provide a substantive post that analyzes the elitits versus pluralist perspective (Mills vs. Dahl) and use the article on oligarchy by Winters and Page to argue which theory appears more applicable to the political process of the United States.
The elitist versus pluralist perspective is a longstanding debate in political science, with C. Wright Mills and Robert Dahl representing two prominent viewpoints.
Mills argues for an elitist perspective, asserting that power in the United States is concentrated in the hands of a small ruling elite, while Dahl advocates for a pluralist perspective, suggesting that power is dispersed among multiple competing interest groups. The article on oligarchy by Winters and Page sheds light on this debate. Mills argues that power in the United States is held by a small group of economic and political elites who make decisions that affect society.
On the other hand, Dahl's pluralist perspective contends that power in democratic societies is dispersed among various interest groups. He emphasizes the existence of a multitude of interest groups representing diverse societal interests. Dahl argues that these groups compete for influence and have access to decision-making processes through mechanisms such as lobbying, elections, and public discourse. Winters and Page's article on oligarchy introduces empirical evidence that supports an elitist perspective. Their research shows that economic elites exert substantial influence over policy outcomes, while the preferences of the majority of citizens have a minimal impact.
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A company is considering an investment in the Stock ZZZ currently trading at $42.0. The price of the Stock ZZZ is expected to be highly volatile in the subsequent months. Therefore, the company buys one call option and one put option on the stock. Both options expire in 3 months and have the same exercise price of $37.5. The call option premium is $6.0 and the put option premium is $1.5. Required:
1) What is the term commonly used for this option strategy?
2) For each of the following two independent scenarios, compute the value of the option position at expiration and the profit of the strategy. a) The stock price at expiration is $43.5. b) The stock price at expiration is $22.5.
3) Compute the breakeven stock prices at expiration.
Option Strategy: Straddle is the term commonly used for this option strategy, where the buyer of a straddle expects high volatility in the stock price.
Value of the Option Position at Expiration and Profit of the Strategy Scenario 1: Stock price at expiration is $43.5 Call option will be exercised.
Profit on call option = $43.5 − $37.5 − $6 = $0
Put option will not be exercised.
Profit on put option = −$1.5Total profit = $0 − $1.5 = −$1.5
Scenario 2: Stock price at expiration is $22.5Call option will not be exercised.
Profit on call option = −$6
Put option will be exercised.
Profit on put option = $37.5 − $22.5 − $1.5 = $13.5
Total profit = −$6 + $13.5 = $7.5
Breakeven Stock Prices at The breakeven stock prices at expiration are calculated by adding or subtracting the net premium received from the exercise price. The net premium received is the difference between the premium of the call and put options. Here, the net premium received is $4.5 ($6 − $1.5).The breakeven prices are:
$37.5 + $4.5 = $42.0
and
$37.5 − $4.5 = $33.0.
Thus, the breakeven prices are $33.0 and $42.0.
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Raymond co. has 2.3 million of debt, 1 million of preferred stock, and 2.2 million of common equity. what would be its weight on common equity?
.40
.42
.14
.16
If Raymond co. has 2.3 million of debt, 1 million of preferred stock, and 2.2 million of common equity. Its weight on common equity is: A..40
What is the weight on common equity?To calculate the weight of common equity we need to find the proportion of common equity relative to the total capital structure of Raymond Co.
Total capital structure = Debt + Preferred Stock + Common Equity
Total capital structure = $2.3 million + $1 million + $2.2 million
Total capital structure = $5.5 million
Weight on common equity = Common Equity / Total capital structure
Weight on common equity = $2.2 million / $5.5 million
Weight on common equity ≈ 0.4
Therefore the weight on common equity for Raymond Co. is 0.40.
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Intense Corporation begins business on March 2, 2021. The corporation incurred startup expenditures of $52,000. If Intense Corporation elects § 195, determine the total amount that Intense may deduct in 2021 (rounded)
a. $5,450
b. $5,722
c. $3,000
d. $0
e. $52,000
Intense Corporation begins business on March 2, 2021. The corporation incurred startup expenditures of $52,000. If Intense Corporation elects § 195, determine the total amount that Intense may deduct in 2021 (rounded . The correct answer is: c. $3,000
Startup expenditures are the costs incurred before a business begins its active operations. Under Section 195 of the Internal Revenue Code, businesses can elect to deduct a limited amount of startup expenditures in the year they begin business, with the remaining costs amortized over a period of 180 months (15 years) starting from the month the business begins.
In this case, the startup expenditures are $52,000. However, the total amount that Intense Corporation may deduct in 2021 is limited to $5,000, with a phase-out threshold of $50,000. Since the startup expenditures exceed the phase-out threshold, the deduction is reduced by the excess amount.
Therefore, the total amount that Intense may deduct in 2021 is $5,000 (the maximum deduction limit for startup expenditures) minus $2,000 (the excess amount over the phase-out threshold of $50,000), which equals $3,000.
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QUESTION 11 How long would it take an investment to triple if the interest rate is 8% compounded annually? (Choose the closest answer) 9 years 14 years 12 years 16 years
It would take approximately 12 years for the investment to triple at an interest rate of 8% compounded annually. The closest answer is 12 years is the answer.
To find how long it would take an investment to triple with an interest rate of 8% compounded annually, we can use the rule of 72, which gives an estimate of how long it takes for an investment to double based on the interest rate. Dividing 72 by the interest rate gives the approximate number of years it takes for an investment to double.
For example, if the interest rate is 6%, it would take about 12 years (72 divided by 6) for an investment to double. To triple, it would take twice as long, or about 24 years. Using this same method, we can divide 72 by 8 to get 9 years. This means it would take approximately 9 years for an investment to double with an interest rate of 8% compounded annually. To triple, it would take twice as long, or about 18 years. However, this is just an estimate. To find the exact answer, we can use the formula for compound interest: A = P(1 + r/n)^(nt)Where: A = the future value of the investment
P = the principal or starting value of the investment r = the interest rate n = the number of times interest is compounded per year t = the number of years
The formula becomes: A = P(1 + 0.08/1)^(1* t)
Since we want to find how long it takes for the investment to triple, we can set A equal to 3P and solve for t: 3P = P(1 + 0.08/1)^(1* t)
Divide both sides by P:3 = (1 + 0.08)^(1* t)
Take the natural log of both sides: ln(3) = ln(1.08)^(1* t)t = ln(3)/ln(1.08)t ≈ 12.24
Therefore, it would take approximately 12 years for the investment to triple at an interest rate of 8% compounded annually. The closest answer is 12 years.
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1.1 Actual quantity is the actual direct material or direct labor used to manufacture the:
a. actual quantity of output
b. actual quantity of input
c. standard quantity of output
1.1 Actual quantity is the actual direct material or direct labor used to manufacture the: b. actual quantity of input
Direct material refers to the raw materials or components that are directly used in the production of a product. These materials can be easily identified and physically traced in the final product. Direct materials are integral to the manufacturing process and become part of the finished product.
Direct materials can include items such as:
Raw materials: Basic materials that are transformed or processed into a final product. Examples include wood, metal, plastic, fabric, or chemicals.
Components: Parts or sub-assemblies that are incorporated into the final product. Examples include electronic chips, circuit boards, or motors.
Packaging materials: Materials used for the packaging of the product, such as boxes, labels, or bags.
The cost of direct materials is typically a significant portion of the total cost of producing a product, and tracking and managing direct material usage is essential for inventory control and cost management in manufacturing operations.
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1. The theory of the Real Business Cycle (RBC) argues that fluctuations in output and employment are optimal responses to shocks in the economic. Discuss the RBC assumptions and highlight the critics
The Real Business Cycle (RBC) theory argues that fluctuations in output and employment are optimal responses to shocks in the economy. The theory is based on the assumption that fluctuations in output and employment are a result of changes in technology and preferences.
According to RBC theory, the economy is always in equilibrium and any fluctuations that occur are a result of shocks that cause the economy to deviate from its equilibrium state. These shocks can be caused by changes in technology, preferences, or external events such as wars or natural disasters. RBC theory also assumes that agents in the economy are perfectly rational and have complete information about the economy.
This means that agents are able to adjust their behavior in response to shocks in the economy. The theory also assumes that markets are perfectly competitive and that there are no market imperfections such as monopolies or externalities. Critics of RBC theory argue that it is too simplistic and unrealistic. The theory assumes that agents are perfectly rational and have complete information about the economy, which is not true in real life. It also assumes that markets are perfectly competitive, which is not the case in many industries. Finally, critics argue that the theory does not provide a good explanation for why recessions occur and why they can last for long periods of time.
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Jane received a promotion at her company. Although she believes she has the skills. she feels there were other candidates with more experience in the running. She asked her boss about this. Her boss i
The violation that Jane perceives in the decision-making process can be categorized as a violation of distributive justice.
Distributive justice is one of the key principles of organizational justice that focuses on fairness in the allocation of rewards, resources, or outcomes. It ensures that individuals are treated equitably based on their contributions, qualifications, and performance.
In Jane's situation, she believes that her promotion was not based on her qualifications or skills, but rather on the fact that her cousin is the VP of Finance. This implies that the decision to promote her was influenced by nepotism or favoritism, rather than merit.
This violation of distributive justice occurs when individuals perceive that the outcomes or rewards they receive are not distributed fairly or based on objective criteria. It undermines the trust and confidence in the fairness of the decision-making process within the organization.
In this case, Jane feels that she was unfairly disadvantaged compared to other candidates who may have had more experience and qualifications. She perceives that her promotion was not based on a fair assessment of her abilities and potential, but rather on personal connections or relationships.
By identifying the violation as distributive justice, Jane is expressing her dissatisfaction with the fairness of the outcome and how it was determined. She believes that the decision-making process should have considered factors such as qualifications, skills, and experience rather than personal connections.
Addressing such violations is important for organizations to maintain a sense of fairness and equity among employees. It is crucial to establish transparent and objective criteria for decision-making processes to ensure that promotions and rewards are distributed based on merit, rather than personal biases or relationships.
The correct question is:
Jane received a promotion at her company. Although she believes she has the skills, she feels there were other candidates with more experience in the running. She asked her boss about this. Her boss informed her that the fact that her cousin is the VP of Finance had a lot to do with her receiving the promotion. Jane is very upset about the process that was used to make the decision. Jane feels the process is a violation of:
1) Procedural justice
2) Structural justice
3) Distributive justice
4) Interactional justice
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At an activity level of 8,900 machine-hours in a month, Nooner Corporation's total variable production engineering cost is $760,060 and its total fixed production engineering cost is $152,880. What would be the total production engineering cost per unit, both fixed and variable, at an activity level of 9,100 machine-hours in a month? Assume that this level of activity is within the relevant range. (Do not round intermediate calculations.)
A. $101.85
B. $101.31
C. $102.20
D. $102.38
The total production engineering cost per unit, both fixed and variable, at an activity level of 9,100 machine-hours in a month would be $102.38. The correct option is (D) $102.38
Total production engineering cost per unit at an activity level of 8,900 machine-hours in a month= $912,940/64,500 units= $14.14 per unit
To find the total production engineering cost per unit at an activity level of 9,100 machine-hours in a month, we need to separate fixed and variable cost.
Variable cost = $760,060/8,900 = $85.39
Fixed cost = $152,880
The total cost at 9,100 machine-hours = (variable cost per unit x number of units produced) + fixed cost= ($85.39 x 9,100) + $152,880= $776,549
Total production engineering cost per unit = Total cost at 9,100 machine-hours/Units produced= $776,549/7,600= $102.38 per unit
Thus, option (D) is the correct answer.
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Consider a one-year futures contract on gold. We assume that it costs $2 per ounce per year to store gold, with the payment being made at the end of the year. The spot price is $1600 per ounce and the risk-free rate is 5% per annum for all maturities.
The cost of holding one ounce of gold for one year is $2.
Futures contracts are standardized contracts that are traded on exchanges where the price and delivery date of the underlying asset are predetermined. In this case, we are considering a one-year futures contract on gold. It is assumed that it costs $2 per ounce per year to store gold, which is known as the cost of carry. This cost includes storage, insurance, and other expenses associated with holding gold. The payment for this cost is made at the end of the year.Therefore, if an investor decides to purchase a one-year gold futures contract, they will have to pay the spot price of $1600 per ounce plus the cost of carry of $2 per ounce. The total cost of the contract would be $1602 per ounce. The risk-free rate is 5% per annum for all maturities, which is the rate at which an investor can borrow or lend without risk.
The costs of storing unsold inventory are known as holding costs. Along with costs for ordering and shortage, these costs make up one part of the total cost of inventory. The cost of damaged or spoiled goods, as well as the cost of storage space, labor, and insurance, are all included in a company's holding costs.
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In the context of Maslow's Hierarchy of Needs Theory, managers should:
a. understand what needs are satisfied for each employee as those will no longer be effective motivators
b. Identify the lowest level of unmet need within the organization and focus on it for everyone.
c. focus on fulfilling whatever need is most achievable by the organization.
d. focus on meeting the mid-level needs as it is the best compromise for the organization.
In the context of Maslow's Hierarchy of Needs Theory, managers should focus on fulfilling whatever need is most achievable by the organization. Option C.
What is Maslow's Hierarchy of Needs Theory?
Maslow's hierarchy of needs theory is a motivational theory that identifies five fundamental human needs and arranges them in order of priority, with lower-order needs being met first before higher-order needs. The five needs are physiological, safety, social, esteem, and self-actualization. It is critical to recognize that Maslow's theory suggests that needs are met in order, from the most basic to the most complex.
Maslow's Hierarchy of Needs Theory indicates that managers should focus on fulfilling whatever need is most achievable by the organization, according to the context of the question.
This need is the one that is most easily attainable and will have the most significant impact on employee satisfaction. For instance, if an organization is struggling to provide safe working conditions, then safety requirements must be met before any other needs are addressed.
According to Maslow's Hierarchy of Needs Theory, it is critical for managers to recognize that people are motivated by their needs. Understanding and fulfilling these needs are critical for motivating people to reach their full potential.
Managers should provide a work environment that is free of stress, providing resources for training, and developing employees so that they can be successful in achieving their personal and professional objectives.
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in 2004, timenow corporation had current assets of $260 and current liabilities of $180. in 2003, current assets were $220 and current liabilities were $160. what was the change in net working capital for timenow in 2004?
The change in net working capital for Timenow Corporation in 2004 is $20.
To calculate the change in net working capital for Timenow Corporation in 2004, we need to subtract the net working capital of 2003 from the net working capital of 2004.
Net working capital is calculated as the difference between current assets and current liabilities.
In 2003:
Net working capital = Current assets - Current liabilities
Net working capital in 2003 = $220 - $160 = $60
In 2004:
Net working capital = Current assets - Current liabilities
Net working capital in 2004 = $260 - $180 = $80
To find the change in net working capital, we subtract the net working capital of 2003 from the net working capital of 2004:
Change in net working capital = Net working capital in 2004 - Net working capital in 2003
Change in net working capital = $80 - $60
Change in net working capital = $20
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Most people recognize Butterball as a brand of turkey, but Butterball brand is also found on fresh turkey breast cuts; turkey sausages; ground turkey; lunchmeat cold cuts; fresh marinated bone-in, boneless, and whole chicken; frozen chicken products; and Butterball stuffing and gravy mixes.
Refer to the scenario. When considered as one whole group, what are Butterball's products collectively
known as?
marketing equity
a product line
a product mix
line depth
Product mix refers to the variety of products that a company offers to its customers. Line depth is a term used to describe the number of products offered within a single product line. Butterball is a brand that is widely known for producing turkey products.
However, the brand offers an extensive product mix that is not limited to turkey alone. Butterball's product mix includes fresh turkey breast cuts, turkey sausages, ground turkey, lunchmeat cold cuts, fresh marinated bone-in, boneless, and whole chicken, frozen chicken products, and Butterball stuffing and gravy mixes.
This demonstrates the brand's line depth as they offer a variety of products under one product line. They have expanded their product offerings to cater to the varying preferences of customers. The product mix helps them to satisfy the needs of different customer segments, thereby increasing customer loyalty.
Butterball's product mix has enabled them to remain competitive in the market. Offering a variety of products allows them to generate more sales, increase revenue, and achieve economies of scale.
In conclusion, having a diverse product mix with a considerable line depth is beneficial for companies as it increases their market share and enables them to meet the needs of a wider customer base.
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Intro You took out a student loan in college and now have to pay $1,500 every year for 20 years, starting one year from now. The annual interest rate on the loan is 6%. Attempt 1/10 for 1 pts. Part 1 What is the present value of the 20 yearly payments?
The present value of the 20 yearly payments can be calculated as follows:First, you need to calculate the present value of a single payment and then use that value to find the present value of all 20 payments.
The formula used to calculate the present value of a single payment is given by: PV = FV / (1 + r)nWhere, PV is the present value, FV is the future value, r is the interest rate, and n is the number of years.To find the present value of the 20 yearly payments, you will need to use the formula for the present value of an annuity.
The formula used to calculate the present value of an annuity is given by: PV = Pmt × [1 – 1 / (1 + r)n] / rWhere, Pmt is the payment amount, r is the interest rate, and n is the number of years.In this case, Pmt = $1,500, r = 6% = 0.06, and n = 20. Therefore, the present value of the 20 yearly payments is:PV = $1,500 × [1 – 1 / (1 + 0.06)20] / 0.06≈ $19,785.57
The present value of the 20 yearly payments is approximately $19,785.57.
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18. During the construction of a housing development that continues for several months, several business spring up in the vicinity to target the construction workers. This new business area is referre
During the construction of a housing development that continues for several months, several business spring up in the vicinity to target the construction workers. This new business area is referred to as an entrepreneurial district or an enterprise district.
What is an entrepreneurial district?An entrepreneurial district, often referred to as an enterprise district, is an area with a large number of new businesses. It is typically a geographic region with a large number of newly established organizations in close proximity.
Entrepreneurial districts can be formed in a variety of ways, such as the creation of a new enterprise zone or the redevelopment of an existing area to attract new businesses. New businesses that are established in entrepreneurial districts are often attracted by incentives provided by the government, such as tax breaks or subsidies.
Entrepreneurial districts are typically established to create jobs and stimulate economic growth. They are usually located in areas where there is a high level of economic deprivation or a need for new businesses to provide employment opportunities.
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Blossom Company had net credit sales of $13016000 and cost of goods sold of $9500000 for the year. The average inventory for the year amounted to $2375000. The inventory turnover for the year is
Blossom Company had net credit sales of $9025000 and cost of goods sold of $5451000 for the year. The average inventory for the year amounted to $1488000. The average days in inventory during the year was approximately
Ayayai Corp. had net income of $1611000 and paid dividends to common stockholders of $402750 in 2022. The weighted average number of shares outstanding in 2022 was 547740 shares. Ayayai Corp. common stock is selling for $60 per share on the NASDAQ. Ayayai Corp. price-earnings ratio is
The inventory turnover for the year is 5.49 times.
The inventory turnover is a financial ratio that shows how many times a company's inventory is sold and replaced over a certain time period. The ratio is calculated by dividing the cost of goods sold by the average inventory balance for a specific period of time. An inventory turnover ratio of 5.49 times means that the company sold and replaced its inventory 5.49 times during the year. A high inventory turnover ratio indicates that a company is selling its inventory quickly, which is a good sign for investors. A low inventory turnover ratio may indicate that a company is struggling to sell its products or has too much inventory on hand.
In this case, the Blossom Company had net credit sales of $13,016,000 and cost of goods sold of $9,500,000 for the year. The average inventory for the year amounted to $2,375,000. Therefore, the inventory turnover for the year is 5.49 times ($9,500,000/$2,375,000).
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Internet domain names are typically ____.
1. Simple
2. Free
3. Descriptive
4. Memorable
There can be more then one answer
Internet domain names are typically descriptive and memorable.
Descriptive: Domain names often reflect the purpose or nature of the website or organization they represent, helping users understand what the website is about.Memorable: Domain names are designed to be easy to remember and type, allowing users to easily access the desired website without much effort.In addition to being descriptive and memorable, internet domain names can also vary in terms of simplicity and creativity. Some domain names opt for simplicity, using short and concise terms that are easy to type and remember. This approach aims to provide a straightforward and efficient user experience.However, it's important to note that while many domain names are descriptive and memorable, there are also cases where domain names may be simple or creative, depending on the specific branding or marketing strategy of the website owner.
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a discretionary decision based on decision makers’ values and attitudes reflects:
A discretionary decision based on decision makers’ values and attitudes reflects subjective judgment or personal bias.
A discretionary decision based on decision makers' values and attitudes reflects subjective judgment or personal bias. In such cases, the decision maker's own values, beliefs, attitudes, and preferences play a significant role in shaping the decision-making process and outcome.
These decisions are not solely driven by objective facts, data, or established rules but are influenced by the decision maker's individual perspectives and subjective interpretation of the situation. As a result, the decision may vary depending on the personal values and attitudes of the decision maker, leading to potential inconsistencies or variability in decision outcomes.
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------------The given question is incomplete, the complete question is:
"A discretionary decision based on decision makers’ values and attitudes reflects?"-------------
Because wants exceed resources, the economic question of 'blank______ to produce' is related to identifying the goods and services we want most, sacrificing less desired products
The economic question of "what (or which) goods and services to produce" is closely related to the challenge of allocating limited resources in a world where wants and needs exceed available resources.
This question is at the core of resource allocation and decision-making in an economic system.
Due to scarcity, societies and individuals must make choices about how to utilize their limited resources effectively. The question of "what to produce" involves identifying the goods and services that are most desired or needed by society and prioritizing their production over less desired products.
It requires evaluating the preferences and demands of individuals and determining which goods and services will provide the greatest satisfaction or utility.
This decision-making process involves considering various factors such as consumer preferences, market demand, production costs, and resource availability. Economies aim to produce goods and services that can satisfy the needs and wants of individuals while maximizing overall welfare and efficiency.
In order to allocate resources efficiently, trade-offs and sacrifices must be made. Scarce resources must be directed towards producing the goods and services that are most highly valued, often requiring the sacrifice of producing less desired products.
This process involves making choices about what to prioritize, taking into account the opportunity costs of allocating resources in one direction rather than another.
Ultimately, the question of "what goods and services to produce" is a fundamental economic question that lies at the heart of resource allocation and the pursuit of maximizing societal welfare.
It requires careful consideration of preferences, trade-offs, and the efficient utilization of limited resources to meet the diverse needs and wants of individuals and society as a whole.
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Based on the following financial data below, calculate cash conversion cycle for Megah Inc: Sales Cost of sales Stock Account receivable Account payable RM50,000,000 RM20,000,000 RM 2,000,000 RM 1,600,000 RM 800,000 (7 marks) (b) Explain THREE (3) variables in credit policy.
The cash conversion cycle (CCC) for Megah Inc. is approximately 33.58 days, calculated by considering the average collection period, average payment period, and average inventory holding period.
How is the cash conversion cycle for Megah Inc. calculated?To calculate the cash conversion cycle (CCC) for Megah Inc., we need to consider three variables: the average collection period, the average payment period, and the average inventory holding period. The formula for CCC is as follows:
CCC = Average Collection Period + Average Inventory Holding Period - Average Payment Period
Let's calculate each variable and then compute the CCC.
1. Average Collection Period:
The average collection period represents the average number of days it takes for the company to collect payments from its customers. To calculate this, we need to divide the accounts receivable by the average daily sales.
Average Collection Period = (Accounts Receivable / Sales) * 365
Given:
Sales = RM50,000,000
Accounts Receivable = RM1,600,000
Average Collection Period = (1,600,000 / 50,000,000) * 365 ≈ 11.68 days (approximately)
2. Average Payment Period:
The average payment period indicates the average number of days it takes for the company to pay its suppliers. We calculate this by dividing the accounts payable by the average daily cost of sales.
Average Payment Period = (Accounts Payable / Cost of Sales) * 365
Given:
Cost of Sales = RM20,000,000
Accounts Payable = RM800,000
Average Payment Period = (800,000 / 20,000,000) * 365 ≈ 14.6 days (approximately)
3. Average Inventory Holding Period:
The average inventory holding period represents the average number of days the company holds its inventory before it is sold. To calculate this, we divide the stock by the average daily cost of sales.
Average Inventory Holding Period = (Stock / Cost of Sales) * 365
Given:
Stock = RM2,000,000
Cost of Sales = RM20,000,000
Average Inventory Holding Period = (2,000,000 / 20,000,000) * 365 ≈ 36.5 days (approximately)
Now, let's calculate the CCC using the formula:
CCC = Average Collection Period + Average Inventory Holding Period - Average Payment Period
CCC = 11.68 + 36.5 - 14.6 ≈ 33.58 days (approximately)
Therefore, the cash conversion cycle (CCC) for Megah Inc. is approximately 33.58 days.
(b) Explanation of Three Variables in Credit Policy:
1. Credit Period: This variable refers to the length of time given to customers to make payment for their purchases. A longer credit period may attract more customers and increase sales, but it also increases the average collection period and ties up funds in accounts receivable for a longer duration.
2. Credit Standards: Credit standards determine the criteria used to assess the creditworthiness of potential customers. Stricter credit standards reduce the risk of bad debts but may also result in losing potential customers. More lenient credit standards can increase sales but may also increase the risk of non-payment.
3. Collection Efforts: This variable focuses on the company's efforts to collect outstanding payments from customers. Effective collection efforts, such as timely follow-ups and clear communication, can reduce the average collection period and improve cash flow. Conversely, inefficient collection efforts can lead to delayed payments and increased accounts receivable, negatively impacting the cash conversion cycle.
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____________________ (or complaint) letters are written by customers to identify or to correct a problem with products or services they have purchased.
Complaint letters are written by customers to identify or correct a problem with products or services they have purchased.
Complaint letters serve as a means for customers to express their dissatisfaction or concern regarding a product or service they have obtained. These letters are written with the intention of addressing specific issues, such as defective items, poor customer service, billing errors, or any other problem encountered during the purchasing process.
By detailing the problem in a formal letter, customers hope to bring attention to their concerns and seek resolution or compensation. Complaint letters are an effective way for customers to communicate their grievances and hold companies accountable for delivering satisfactory products or services.
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Why do firms have to address the three fundamental economic questions of "how, "what" and "for whom"? 2 Marks
Why is the assumption of "ceteris paribus" important? 1 Mark
Positive and normative economic statements play a vital role in economics. Provide an example of each and explain their importance. 2 Marks
Is causation the same as correlation? Explain using example(s). 2 Marks
Firms have to address the three fundamental economic welfare questions of "how," "what," and "for whom" because the answers to these questions are critical for the success of the firm.
The term "how" in economics refers to the various methods, techniques, and procedures used to produce goods and services. Production is not just about making goods, but it also includes the steps required to complete a task, such as transportation, storage, and distribution.
"How" involves identifying which resources will be used in the production process, such as labor, capital, and natural resources, and deciding how they will be used to achieve the desired outcomes. Production processes can be automated or manual, and the technology used in the production process has a significant impact on the efficiency and quality of the product.
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What are the main components of the balance of payments? How are they connected to the Net International Investment Position?
What do they look like for Australia and, in particular, how have they changed in the past ten years in this country relative to the previous years?
The main components of the balance of payments are the current account, capital account, and financial account. The NIIP has remained negative, indicating that the value of Australia's foreign liabilities exceeds the value of its foreign assets.
The main components of the balance of payments are the current account, capital account, and financial account. They are connected to the Net International Investment Position (NIIP) by the capital account and the financial account.The capital account reflects non-produced non-financial assets, such as patents and copyrights, as well as the balance of transfers.
The financial account measures the change in foreign ownership of domestic assets, including foreign direct investment (FDI), portfolio investment, and financial derivatives.The NIIP is the difference between a country's foreign assets and foreign liabilities. It is a measure of the net value of a country's foreign assets.
When a country has a positive NIIP, it means that the value of its foreign assets exceeds the value of its foreign liabilities. When a country has a negative NIIP, it means that the value of its foreign liabilities exceeds the value of its foreign assets.
In Australia, the balance of payments has been consistently negative over the past ten years. In 2019, the current account deficit was $23.1 billion. This was driven by a deficit in the trade in goods and services. The capital account and financial account have been positive in recent years, which has helped to offset the current account deficit.
However, the NIIP has remained negative, indicating that the value of Australia's foreign liabilities exceeds the value of its foreign assets. In particular, the net foreign debt of the private sector has increased significantly in recent years, which has contributed to the negative NIIP.
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1) If the tax multiplier is -1.5 and a $200 billion tax increase is implemented, what is the change in GDP, holding everything else constant? (Assume the price level stays constant.)
2) Suppose real GDP is currently $12.5 trillion and potential real GDP is $13 trillion. If the president and the Congress increased government purchases by $500 billion, what would be the result on the economy?
3) Suppose the federal budget deficit for the year was $100 billion and the economy was in a recession. If the economy had been at potential GDP, it is estimated that tax revenues would have been $60 billion higher and government spending on transfer payments $50 billion lower. Using these estimates, what was the cyclically adjusted budget deficit or surplus for the year?
4) How could the existence of an unemployment insurance system or other transfer programs have reduced the severity of the Great Depression?
1, The change in GDP would be a decrease of $300 billion. 2, Increasing government purchases potentially leading to an increase in real GDP. 3, The estimated impact of the recession, would be $90 billion. 4, By providing financial support and maintaining purchasing power, reducing the severity of the economic downturn.
1, The change in GDP can be calculated using the tax multiplier formula:
∆GDP = (tax multiplier) * (tax change).
Given a tax multiplier of -1.5 and a $200 billion tax increase,
the change in GDP would be = -1.5 * $200 billion = -$300 billion.
2, Increasing government purchases by $500 billion would result in an increase in aggregate demand. This would lead to an expansionary effect on the economy, potentially increasing real GDP.
However, the specific impact on the economy would depend on various factors, including the multiplier effect and other possible changes in private consumption and investment.
3, The cyclically adjusted budget deficit or surplus can be calculated by adjusting the actual budget deficit for the estimated impact of the recession on tax revenues and transfer payments.
In this case, the cyclically adjusted budget deficit would be the actual deficit of $100 billion minus the estimated increase in tax revenues ($60 billion) and the estimated decrease in transfer payments ($50 billion), resulting in a cyclically adjusted budget deficit of
$100 billion - $60 billion + $50 billion = $90 billion.
4, The existence of an unemployment insurance system or other transfer programs could have reduced the severity of the Great Depression by providing financial support to unemployed individuals, helping them maintain some level of purchasing power.
This could have mitigated the decline in aggregate demand and prevented a further contraction in the economy. Additionally, transfer programs could have provided a social safety net, reducing the negative social and economic impacts of high unemployment rates.
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What monetary policy did the Federal Reserve employ in response to the Great Recession? What is the current monetary policy of the Federal Reserve? Write a paragraph to summarize your findings and answer these questions.
The current monetary policy of the Federal Reserve aims to maintain the federal funds rate between 0 and 0.25 percent and to purchase at least $80 billion in Treasury securities and $40 billion in mortgage-backed securities per month until the economy reaches maximum employment and inflation hits 2 percent over the longer run.
During the Great Recession, the Federal Reserve utilized multiple monetary policies. These monetary policies included reducing the federal funds rate to zero, implementing quantitative easing, and the purchase of assets to stabilize financial markets and interest rates.The current monetary policy of the Federal Reserve is focused on maintaining the federal funds rate between 0 and 0.25 percent.
Additionally, the Federal Reserve plans to continue buying at least $80 billion in Treasury securities and $40 billion in mortgage-backed securities per month. This policy will continue until the labor market achieves maximum employment and inflation hits 2 percent over the longer run. In conclusion, the Federal Reserve had implemented multiple monetary policies in response to the Great Recession.
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Use the following information to determine SH FLOW FROM OPERATIONS: Comparative Balance Sheet December 31 2020 2019 Cash $40,000 $57,000 Accounts Receivables 77,000 64,000 Inventory 132,000 140,000 Pr
Determination of SH FLOW FROM OPERATIONS in comparative Balance Sheet December 31 2020 2019 is Net income is $70,000 ($127,000 - $57,000), so the cash flows from operations are $35,000.
Cash flows from operations (CFO) is a measure of how much cash is produced or consumed by a company's typical business operations. It's a fundamental measure of financial health that indicates whether a company is generating enough cash to pay its bills. The following data are used to calculate CFO: Changes in non-cash working capital accounts, like inventory, accounts receivable, and accounts payable, are used to calculate cash flows from operating activities. Cash flow from operations is the difference between a company's net income and changes in its working capital account.The balance sheet contains information on a company's assets, liabilities, and equity at a specific point in time. It is divided into two parts: assets and liabilities. The asset side includes a company's cash, accounts receivable, inventory, and other items. The liability side includes accounts payable, long-term debt, and other obligations. For cash flow from operations, the comparative balance sheet information can be used to calculate the changes in the working capital accounts.The comparative balance sheet provides the starting and ending balances for these accounts. For example, let's use the comparative balance sheet data provided to calculate SH FLOW FROM OPERATIONS: Comparative Balance Sheet December 31, 2020 2019, Cash $40,000- $57,000, Accounts Receivables 77,000- 64,000 Inventory, 132,000- 140,000 To compute SH FLOW FROM OPERATIONS, we'll start with the basic formula: Net income is $70,000 ($127,000 - $57,000), so the cash flows from operations are $35,000.For more such questions on cash flows, click on:
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Which portion of an Educational Assistance Payment (EAP) is not taxable to the beneficiary? a) Canada Education Savings Grant b) Canada Learning Bond c) Investment income I d) Refund of contributions
The portion of an Educational Assistance Payment (EAP) that is not taxable to the beneficiary is the Canada Education Savings Grant (CESG).
The Canada Education Savings Grant (CESG) is a government grant provided to beneficiaries of Registered Education Savings Plans (RESPs). The CESG is designed to encourage savings for a child's education. When an EAP is made from an RESP, it consists of three components: investment income, the CESG, and a refund of contributions.
While the investment income and refund of contributions are taxable to the beneficiary, the CESG is not taxable. This means that the amount received as part of the CESG is not subject to income tax and does not need to be reported as taxable income on the beneficiary's tax return.
The CESG is intended to support educational expenses and is provided as a non-taxable benefit to help alleviate the financial burden of post-secondary education. It is important to note that tax rules and regulations can change, so it is always advisable to consult with a tax professional or refer to the latest tax laws for accurate and up-to-date information.
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What should the expected return (k) be if the risk free is 3%, β
= 1.06, market return 7%? Use the CAPM.
a) 9.42%
b) 7.24%
c) 3%
d) 6%
The expected return (k) if the risk-free is 3%, β = 1.06, and market return is 7% should be 9.42%. Capital Asset Pricing Model (CAPM)CAPM is a financial model that estimates the expected return on an investment. It is used to calculate an investment's required return.
The correct option is c .
According to the model, the required return on a stock is equal to the risk-free rate plus the stock's beta (β) multiplied by the expected market return minus the risk-free rate. Mathematically it can be written as K = R f + β (Rm – R f)Where, K = expected return R f = risk-free rateβ = beta Rm = expected market return
The risk-free rate refers to the return on an investment that has no risk of default. In this case, it is 3%.The market risk premium is the excess return that investors demand to invest in risky assets rather than safe assets. In this case, the market return is 7%. Substituting these values in the CAPM equation K = 3% + 1.06(7% – 3%)= 3% + 1.06(4%)= 3% + 4.24%= 7.24%Therefore, the answer is option (b) 7.24%.
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The process to go from transactions and events to financial statements begins with: Multiple Choice a. Identifying each transaction and event from source documents. b. Preparing financial statements and other reports c. Analysis of prepared financial statements d. Presentation of financial information to decision-makers
e. Preparation of the trial balance
The correct answer is (a) Identifying each transaction and event from source documents.
The process of going from transactions and events to financial statements starts with identifying each transaction and event from source documents. Source documents include things like receipts, invoices,
bank statements, and other records that provide evidence of the transactions and events that have taken place. It is essential to gather and analyze these source documents to ensure accurate recording and reporting of financial information.
Once the transactions and events are identified, they are recorded in the accounting system through journal entries. This step involves classifying and summarizing the transactions according to their nature and the specific accounts they affect.
These journal entries are then used to prepare the trial balance, which lists the balances of all accounts to ensure they are in balance.
After preparing the trial balance, the process moves on to the next steps, such as adjusting entries, preparing financial statements, analyzing the financial statements, and presenting the financial information to decision-maketers.
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