"Mike is liable. His actions are negligence per se with his duty to warn" describes mike's liability for injuries caused from people smoking his cigarettes.
A liability is an obligation that a person or business has, typically financial in nature. Over time, liabilities are resolved by the transmission of economic advantages like cash, products, or services.
Liabilities on the balance sheet's right side are represented by debts like as loans, accounts payable, mortgages, deferred revenue, bonds, warranties, and accumulated costs.Assets can be compared with liabilities. Assets are items you own or owe money to, whereas liabilities are debts or other obligations.The short-term financial commitments of a business that are due in a year or within its typical operational cycle are known as current liabilities (e.g. accounts payable).On the balance sheet, commitments that aren't due for more than a year are referred to as long-term (non-current) liabilities.Learn more about Liabilities, here
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the premium on a pound put option is $.03 per unit. the exercise price is $1.60. the break-even point is for the buyer of the put, and for the seller of the put. (assume zero transactions costs and that the buyer and seller of the put option are speculators.) a. none of these are correct. b. $1.63; $1.60 c. $1.57; $1.63 d. $1.63; $1.63 e. $1.63; $1.57
The break even points for the buyer and seller are $1.63 and $1.57 respectively.The break-even point for your small business is essentially the moment at which total costs and total revenues are equal; there is simply no loss or gain.
On the other hand, you have now reached the point in production where a product’s sales are equal to its production costs.
Exercise cost plus premium = break-even point Buyers’ break-even point is 1.60 + 0.03 = $1.63.Calculating the seller’s break event point:Breakeven point is equal to exercise price minus premium (1.60-0.03 = $1.57).Seller’s break-even point is $1.57.Revenues for a product are equivalent to production.
Exercise cost plus premium = break-even point buyers’ break-even threshold is 1.60 plus 0.03 calculation of seller’s break event point: = $1.63 breakeven point is equal to exercise price minus premium (1.60-0.03 = $1.57).An owner is defined by the BEP as having the revenue necessary to pay for all costs, including fixed costs. If properly applied, the BEP could reduce expenditures.Controlling fixed costs and recognizing when to expect future increases in fixed costs.
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on january 2, 2018, moser, inc., purchased equipment for $100,000. the equipment was expected to have a $10,000 salvage value at the end of its estimated six-year useful life. straight-line depreciation has been recorded. before adjusting the accounts for 2022, moser decided that the useful life of the equipment should be extended by three years and the salvage value decreased to $8,000.
A) Debit Depreciation expense of $6,400
Credit Accumulated depreciation $6,400
B) The book value is $33,600.
A non-cash business expense called depreciation is assessed throughout the time that an asset is valuable to your company. By removing the cost of using up a portion of an asset's worth from taxable revenue, every organization can benefit from depreciation.
A) Debit Depreciation expenses-Equipment $6,400
Credit Accumulated Depreciation-Equipment $6,400
(To record depreciation expense )
Depreciation =($100,000 - $10,000) / 6 years
Depreciation=$15,000
Carrying value of equipment =$100,000 - ($15,000×4)
Carrying value of equipment =$40,000
Remaining revised useful life =9 years - 4 years
Remaining revised useful life=5 years
Revised Depreciation on equipment =($40,000 - $8,000) / 5 years
Revised Depreciation on equipment =$6,400
B) Book value of equipment
Book value =$40,000 - $6,400
Book value=$33,600
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The complete question is:
On January 2, 2018, Moser, Inc., purchased equipment for $100,000. The equipment was expected to have a $10,000 salvage value at the end of its estimated six-year useful life. Straight-line depreciation has been recorded. Before adjusting the accounts for 2022, Moser decided that the useful life of the equipment should be extended by three years and the salvage value decreased to $8,000.
a. Prepare a journal entry to record the depreciation expense on the equipment for 2019. Round your answer to the nearest dollar.
b. What is the book value of the equipment at the end of 2019 (after recording the depreciation expense for 2019)?
the third purpose of government regulation is to . question content area bottom part 1 a. punish companies for unlawful behavior b. regulate and constrain companies c. protect consumers from unfair international trade d. protect companies from each other e. protect the interests of society against unrestrained business practices
The third purpose of government regulation is to protect the interests of society against unrestrained business practices.
What is meant by government regulations?
This is the term tat is used to refer to all of the ways that the government of a nation would have to conduct the market that is in an area. That is the rules and the regulations that the government of a place would put so as to take care of the market situation and businesses in the area.
There are several reasons why the government of a place would have to carry out regulations. The reasons are:
In order to prevent monopoly in the areaTo take care of all international businessesTo protect the interests of the people so that they do not encounter bad practices.To regulate the companiesTop protect the people from the international practices that are seen to be unfair.Therefore we would conclude by saying that the third purpose that the government of a nation would have is to protect the interest of the people of the nation.
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when comparing the adjusting process under the perpetual and the periodic inventory systems, a.the ending inventory is determined by a physical count under both systems. b.no entry is made for estimated returns inventory under the periodic inventory system. c.the cost of goods sold account is reduced by the cost of estimated returns inventory for the current year under the perpetual inventory system. d.the inventory shrinkage adjustment is the same under both systems.
The ending inventory is determined by a physical count under both systems, comparing the adjustment procedure under the perpetual and periodic inventory methods.
The process of tracking stock, suppliers, and sales along the full supply chain is known as an inventory system. Companies utilize inventory systems to make sure they are aware of exactly what products are on hand and where they are. To assist businesses in organizing and keeping track of their stock, inventory methods give accurate records of new and returned goods as they enter or leave the warehouse. Additionally, they perpetual can keep track of information about the quantity sold, the cost per unit, the serial number, the lot number, the dates of purchase and manufacturing.
A company's ability to accurately manage and track perpetual their inventory with the aid of inventory management systems can help avoid overstocking or understocking of their products.
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notices in her neighborhood promising to pay $1,000 for the return of her missing dog, jagger. seeing the notice, selena finds the missing dog and returns it to halsey. what type of contract is this?
This contract is an example of a unilateral contract.
What is contract?
A contract is an enforceable legal arrangement that establishes, details, and regulates the rights and obligations of the parties. The exchange of goods, services, money, or even a promise to transmit any of those at a later time are common components of contracts. The injured party could seek judicial remedies like damages or rescission in the event of a contract breach. Agreements must be kept, which is the foundation of contract law, a branch of the law of obligations that deals with contracts. Like other regions of private law, contract law differs from jurisdiction to jurisdiction. Common law jurisdictions, civil litigation jurisdictions, and mixed law jurisdictions, which combine elements both of common and civil law, can be used to categorise the various systems of contract law.
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consider a customer service office that handles customers' requests. the arrival rate of customers is 100 customers per hour. the office has a processing capacity of 50 customers per hour. the office opens at 7 am and closes at 6:00 pm.
The average number of arrivals during an average service period is also reflected in the relationship between customer arrival rate and customer service rate, x = a/h.
The percentage of time the customer server is busy can also be shown to be represented by this formula. Simply said, the arrival rate is the number of arrivals within a certain period of time (e.g., per hour, day etc.). The formula arrival rate = 1/inter-arrival time can be used to calculate it. What is the likelihood that a customer will stay in the bank longer than 15 minutes? P(X>15) = e –15λ = e –3/2 . service According to Little's Law, the average length of a line (L) is equal to the sum of the system's throughput times the amount of time people spend waiting in line (W) (Lambda). So, L is equal to Lambda*W.
We are aware that our relationship is sinusoidal, with minimal values at 9:00 am and 9:00 pm.
The maximum time, at 3:00 pm, is at t = 6 hours if we define 9:00 am as our t = 0.
the second minimum, service which occurs at 9:00 p.m., is at t = 12 hours.
The next step is to identify a trigonometric function that is minimum at time t = 0, which can be done as follows: customer
-Cos(c*t)
when t = 0
-cos(0) = - 1
there comes a purpose:
A*cos(c*t) = -C(t) + B
the constants A, c, and B.
Knowing that we have no clients at time t = 0 and a maximum of 875 customers at time t = 6h.
then: C(0) = 0 = -A + B
Consequently, A = B.
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ter visiting several automobile dealerships, Richard selects the car he wants. He likes its $13,000 price, but financing through the dealer is no bargain. He has $2,600 cash for a down payment, so he needs a loan of $10,400. In shopping at several banks for an installment loan, he learns that interest on most automobile loans is quoted at add-on rates. That is, during the life of the loan, interest is paid on the full amount borrowed even though a portion of the principal has been paid back. Richard borrows $10,400 for a period of four years at an add-on interest rate of 8 percent.
APR = 21.55%
- I = Prt
- I = (8000)(.11)(4) = 3520
- Total Cost = Down Payment + Principal Borrowed + Interest
- Total Cost = 2000 + 8000 + 3520 = 13520
- Monthly Payment = (Principal Borrowed + Total interest) / Total number of payments
- Monthly Payment = (8000 + 3520) / 48
- APR= (2 × n × I) / [P × (N + 1)]
where:
N= Total number of payments
- APR = (2 × 12 × 3520) / [8000 × (48+1)] = 21.55%
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Annual percentage rate is 21.55%.
Simple Interest(I) = Principle ×rate× time/100
Principle = $8000
Rate = 11%
time = 4 years.
I = (8000)(.11)(4) = 3520
Total Cost = Down Payment + Principal Borrowed + Interest
Total Cost = 2000 + 8000 + 3520 = 13520
Monthly Payment = (Principal Borrowed + Total interest) / Total number of payments
Monthly Payment = (8000 + 3520) / 48
Annual percentage rate = (2 × n × I) / [P × (N + 1)]
where:
N= Total number of payments = 48
I = interest = $3520
P = principle = $8000
Annual percentage rate = (2 × 12 × 3520) / [8000 × (48+1)] = 21.55%
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in los angeles, the value of land is high compared to phoenix (an acre of land in l.a. is about 3-6 times as expensive as in phoenix, depending on the exact area). most other things are about the same price in l.a. as in phoenix. this situation explains why
The story above tell us why shopping centers in LA are more likely to have multilevel parking structures than those in phoenix.
Price can be described as the value that is put to a product or service and is the result of a complex set of calculations, research and understanding and risk taking ability. A pricing strategy takes into account segments, ability to pay, trade margins and input costs, market conditions, competitor actions, amongst others.
World price is the price of a service or good in any other country, except one's own. World price affects international trade, and generally countries export goods with local prices lower than their world price, and import goods where the local price is higher than the world price.
The price is different around the world. They vary due to taxes, currency exchange rates, tariffs, cost structures, local market needs, differences in competitive situations and a myriad of other reasons.
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which of the following is true of coordinated management of meaning (cmm)? group of answer choices it focuses on the effects of conflict in relationships. all of these answers are correct. it focuses on how individuals establish rules for creating and interpreting meaning. it focuses on the linear nature of communication and its influences.
Coordinated Management of Meaning (CMM) focuses on how individuals establish rules for creating and interpreting meaning.
The Coordinated Management of Meaning (CMM) adopts a communication approach grounded in social constructionism, contending that our ability to interact with one another shapes the social contexts in which we live. It's a useful theory with a number of proven models and applications.
The CMM is a theory that describes the method through which we generate meaning and control social reality through social communication. This CMM idea encourages people to articulate a process for producing prepositions in response to a scenario. The steps are taken in the right order to display the proper action or reaction.
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the leadership team of popso soda company includes a president and vice presidents of operations, marketing, human resources, and finance. popso seems to utilize which type of organizational structure?
Popso seems to utilize functional type of organizational structure .
A functional structure is a business structure that's grounded on the function of each position within the business and the knowledge and chops of the platoon members that perform each part.
Functional organizational structure:Functional structure is having positions with the highest rank of responsibility at the top level and goes down from there. A functional organizational structure is a structure used to organize workers. They're grouped grounded on their specific chops and knowledge. It vertically structures each department with places from the chairman to finance and deals departments, to client service, to workers assigned to one product or service.
What are the characteristics of functional organizational structure?A functional type is a perpendicular scale. The company is divided into different functional departments with workers who specialize in specific tasks. Functional departments generally operate in silos because each group has its own independent perpendicular operation structure.
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Which of the following factors do businesses consider
Meanwhile, productivity rose as a result of new technology. What will be the businesses economy's most likely short-term factors effects. A higher output level and an unspecified price level emerge from a rightward shift.
In both the short-run aggregate supply (SRAS) and aggregate demand (AD) curves. The SRAS curve shifts to the left as the price factors of these inputs rises, indicating that, at each level of output price, a higher input price will discourage production because it will make it more difficult to turn a businesses profit. The real wage rate declines and employment rises when the price level rises and the money wage rate remains constant.
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In which market would a producer sell bicycles to consumers?
In the markets for goods and services, a producer would sell his bike for purchase by customers.
What is the market for goods and services?Consumers buy consumables on the products and services market, and firms sell their commodities there. The market encompasses physical stores, the Internet, and any other location where consumers can exchange products and services.
The trading of finished goods takes place here. Businesses receive payment from customers in exchange for goods. The consumer gives money to the business in a flow. In contrast to this, enterprises can buy the materials they need on the factor market to make an item.
The rule of supply and demand governs how much is produced and at what price in the market for products and services.
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transaction account name debit credit 1. accounts receivable 7,400 service revenue 7,400 2. supplies 1,800 accounts payable 1,800 3. cash 9,200 accounts receivable 9,200 4. advertising expense 1,200 cash 1,200 5. accounts payable 2,700 cash 2,700 6. cash 1,000 deferred revenue 1,000
The journal entry are following given the balance of each item at beginning and transaction in the accounting year.
Journal entries of transaction are given here:
Cash account-
Balance b/f dr. ($2100)
account receivable dr. ($9,200)
deferred revenue dr. ($1,000)
To Advertising expenses ($1200)
To accounts payable (4$2,700)
To Balance c/d ($8,400)
Accounts receivable:
Balance b/f dr. ($3,200)
service revenue dr. ($7,400)
To cash ($9,200)
To balance b/d ($1400)
Service revenue:
Balance b/f dr. ($7,400)
To accounts receivable ($7,400)
Accounts payable:
Balance b/f dr. ($2,500)
cash dr. ($2,700)
To supplies ($1,800)
To balance c/d ($3,400)
Deferred revenue:
Balance b/d dr. ($200)
to cash ($1000)
to balance c/d ($1,000)
Advertising Expense:
Cash a/c dr. (1,200)
To balance c/d ($1,200)
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How many categories for personality traits are in the hexaco personality inventory.
There are basically Six dimensions for personality traits are in the hexaco personality inventory.
What is the Hexaco Personality Inventory?
Hexaco personality inventory is an instrument that assesses the six major dimensions of personality given below :
Honesty-Humility. Emotionality. Extraversion. Agreeableness (versus Anger)Why is Hexaco important?Since it was early development in the early 2000s, the Hexaco model has been used to investigate various areas of psychology, permitting behavioural testing and prediction to rely less on prosocial behaviour. Studies using the Hexaco model have been found supportive for the relationships between social and ethical behaviour.
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owns a catering business, and he has put all his savings into running this business. during the busy holiday season, he realizes that he needs short-term help financing the business' operations, so he goes to the bank to request $25,000. the bank agrees to lend mauricio this amount of money. what type of bank loans does this scenario best describe?
The type of bank loan that best describes this scenario is
an unsecured loana secured loana trade credita certificate of deposita line of creditBank loans can be described as an amount of money loaned at interest by a bank to a borrower, usually on collateral security, for a certain period of time. Bank loans also can be described as a common form of finance, like trade credit and overdraft facilities.
Bank loans can be divided into several types, such as:
Personal Loan.Gold Loan.Rental Deposit Loan.Loan Against Property.Two & Three Wheeler Loan.Business Loan.Home Loan.Personal Loan for Self-employed Individuals.Learn more about bank loans here https://brainly.com/question/28234496
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lauryn’s doll co. had ebit last year of $45 million, which is net of a depreciation expense of $4.5 million. in addition, lauryn’s made $4.25 million in capital expenditures and increased net working capital by $4.1 million. assume that lauryn’s has a reported equity beta of 1.5, a debt-to-equity ratio of .3, and a tax rate of 21 percent. what is lauryn’s fcf for the year?(do not round intermediate calculations. enter your answer in millions rounded to 2 decimal places.)
If Lauryn's has a reported equity beta of 1.5, a debt-to-equity ratio of .3, and a tax rate of 21 percent.. The Free Cash Flow (FCF) of Lauryn's for the year is 20.45
FCF = (EBIT -Depreciation)× ( 1- Tax rate) + Depreciation - Capital expenditure - Working Capital investment = (45 -4.5 ) × ( 1 - 40%) + 4.5 - 4.25 -4.1 = 20.45
Beta Asset = Beta Equity /( 1 + (1-tax rate)×D/E) = 1.5/( 1 + ( 1-40%)× 0.3) = 1.2712
According To Capm WACC = Risk free rate + Betaasset × Market Risk Premium = 4% + 1.2712 × 12% = 19.2544%
Value of The firm = FCFF × ( 1+growth)/(Return - Growth) = 20.45 × 1.02/(19.2544% - 2%) = 120.89 million
Free cash flow (FCF) is the money a business makes after subtracting the cash it must spend to run its business and maintain its capital assets. Or to put it another way, free cash flow is the money that remains after a business pays its operating expenses (OpEx) and capital expenditures (CapEx).A corporation may do whatever it wants with FCF, which is the money that is left over after paying for expenses like labor, rent, and taxes. A company's cash management will be aided by knowing how to compute and analyze free cash flow. Investors can improve their investment choices by using the FCF calculation to get insight into a company's financials.Learn more about Free cash flow (FCF), here
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Business markets differ in many ways from consumer markets. The main differences are in ________, __________, and __________.
Business markets differ in many ways from consumer markets. The main differences are in Market structure and demand, the nature of the buying unit, and the types of decisions and the decision process involved.
The term "consumer markets" refers to a market where people acquire goods or services for their own use rather than to resell. Products that individuals use on a daily basis make up the majority of the goods sold in consumer markets. Using a business markets is a strategy used by a corporation to offer goods or services to a certain clientele. Business markets frequently enable transactions between businesses when one intends to reuse or resell the goods or services of another. There are several attributes of a consumer market. Age, gender, occupation, household income, and race are examples of demographic factors. Population density, region, and climate are examples of geographic characteristics.
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The minimum wage in California is higher than required by law and should remain at its current level or increase! Do you agree with this statement? Why or why not?
The minimum wage in California is higher than required by law and should remain at its current level or increase. I agree with this statement why because according to the minimum wage law, the rate of adjustment must be equal to 50 cents (3.5% of $15), which is less than the inflation rate, which was 7.9% during the relevant period. Employees who are now paid at or close to the state minimum wage will not be the only ones impacted by the change in the minimum wage rate.
In response to inflation, Gov. Gavin Newsom predicted on Thursday that California's minimum wage would likely increase to $15.50 an hour in January. Some corporate executives have said that they are trying to keep up with escalating prices and cannot afford an additional 50 cents per hour. According to labor groups, the hike is required to counteract growing prices. From the agricultural regions to almost every industry, California leads the country in the demand for higher minimum wages.
The California Legislature, as well as federal and state courts, has placed a lot of emphasis on raising salaries, so companies there could expect a bigger salary increase than usual in 2019. By January 1, 2023, the Golden State's minimum wage was intended to be $15 per hour for all employers. However, Governor Gavin Newsom has predicted that owing to record-high inflation, the rate will jump to $15.50.
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on january 2, 2021, germane, inc. bought 30% of the outstanding common stock of quality, inc. for $56 million cash. at the date of acquisition of the stock, quality’s net assets had a book value and fair value of $120 million. quality’s net income for the year ended december 31, 2021, was $30 million. during 2021, quality declared and paid cash dividends of $10 million. on december 31, 2021, germane’s should report investment revenue of:
After all the transactions Germane inc. should report investment revenue of $9 Million.
As on January 2 2021 Germane inc. bought 30% of the outstanding common stock, qualities net income for year ended Dec 31 2021 was $30 million. On december 31, 2021, Germane should report investment revenue of 30% × $30 million = $9 million.
Investment revenues are the earnings from invested capital. Typically, this is the interest or dividends received on debt or equity securities. When compared to the revenues produced by a business's activities, investment income are typically seen as incidental revenues, and as such, they are kept separate in a separate account.
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Jasper takes a lot of short videos for his job as an HR trainer. What is one reason he might want to store the video files on an external hard drive? A. Files stored on hard drives are easier to share. B. The files are large and slow down his computer. C. He can just hand his hard drive to any employee who needs training. D. The files could give his computer a virus.
Answer:
B, the files are large and slow down his computer.
Explanation:
Yes, files tored on ahrd drives are easier to share, but with technology nowadays, this isn;t all true. As for C, why would he hand it to someone in training, thats debunked there. For D, yes this could happen but it's not common especially if they're work files. B is correct because these files take up space on the computer and when the computer runs so many things in the baground, it runs slower. It's not good to have so many files clouding the things on the computer.
One reason he might want to keep the video files on an external hard drive is that they are large and will slow down his computer.
What is external hard drive?An external hard drive is a portable storage device that can be connected to a computer via USB, FireWire, or wirelessly. External hard drives have large storage capacities and are frequently used to backup computers or as a network drive. This was most recently updated in October 2012. External hard drives vary in storage capacity, but they all connect to a computer via USB, FireWire, eSATA, or wirelessly. External hard drives are also known as portable hard drives. A flash drive is a popular and extremely portable type of external hard drive. The primary distinction between an internal and external hard drive is location.To learn more about external hard drive, refer to:
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beginning inventory was $5,000. during the month, the company purchased an additional $25,000 of inventory. at the end of the month, ending inventory was $10,000. cost of goods sold equals .
Beginning inventory was $5,000. during the month, the company purchased an additional $25,000 of inventory and sold goods that cost $20,000.
Ending inventory was
value of goods sold=beginning inventory+Purchases-ending inventory
20000=5000+25000-finishing stock
finishing inventory=(5000+25000-20000)
=$10000.
The 4 maximum normally used inventory kinds are uncooked materials, paintings in the process (WIP), finished goods, upkeep, repairs and overhauls (MRO). knowing the nature of your inventory will help you manipulate your stock better and smarter.
drew is a salesperson who is almost always successful during the initial sales dialogue. prospects usually respond to all of the questions that drew asks, but he is rarely successful at closing the sale and getting a commitment from them. drew's failure is most likely due to:
Drew is a salesperson who is almost always successful during the initial sales dialogue. prospects usually respond to all of the questions that drew asks, but he is rarely successful at closing the sale and getting a commitment from them.
Drew's failure is most likely due to Most customers count on a salesman to invite for dedication and recognize the attempt if it's far made at the ideal time withinside the income talk.
A high-quality cost proposition demonstrates what a logo has to provide a purchaser that no different competitor has and the way a product or service fulfills a want that no different enterprise is capable of fill. Business conversations among customers and dealers that arise as salespeople attempt to initiate, develop, and decorate purchaser relationships. Sales talk happens over the years and consists of income calls and different types of buyer-vendor communication.
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cameron corp. started business in 2016 and uses the fifo method. during 2016, it purchased 45,000 units of inventory at €10 each and sold 40,000 units for €20 each. in 2017, it purchased another 50,000 units at €11 each and sold 45,000 units at €22 each. its 2017 ending inventory balance (€ thousands) was closest to:
Since the beginning inventory of the company in 2016 is €0, its ending inventory balance in 2017 is €110,000
The formula of Ending Inventory is given by:
Ending Inventory = Beginning Inventory + Net Purchases – COGS
COGS = cost of good sales
FIFO is "first in first out" method which means the first item to be sold is the one that is purchased first.
Information from the problem:
Year 2016.
Beginning Inventory = €0
Purchases = 45,000 units × €10 = €450,000
COGS = 40,000 units × €10 = €400,000
Ending inventory = €450,000 - €400,000 = €50,000
There remaining 5,000 units at the end of 2016.
Year 2017
Beginning Inventory = €50,000
Purchases = 50,000 units × €11 = €550,000
COGS = (5,000 units × €10) + (40,000 units × €11) = €490,000
Ending inventory = €50,000 + €550,000 - €490,000 = €110,000
Hence, at the end of 2017 in the inventory, there are remaining 10,000 unit at €11 each and worth for €110,000
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beginning inventory consists of 4 items at $10 each. during the month, the company purchased 3 items for $11 each and it sold 3 items. using first-in, first-out, the 3 goods sold are assumed to be . multiple choice question.
The beginning inventory consists of 4 items at $10 each. during the month, the company purchased 3 items for $11 each and it sold 3 items. using first-in, first-out, the 3 goods sold are assumed to be $30 that is option E
First in, first out (FIFO) is an acronym used in computer science and systems theory to describe a way of managing the modification of a data structure, frequently a data buffer, where the oldest (first) entry, or "head" of the queue, is processed first.
This sort of processing is comparable to serving customers in a line in the order they arrive at the back of the line, or on a first-come, first-served (FCFS) basis.
Given Data:
Beginning Inventory = 4 times at $10 each
3 new items were purchased for $11 each
Sold = 3 items (FIFO)
3 of the units sold under FIFO are from the initial stock.
Price of products sold = 3 x $10 = $30.
Therefore, the price of the products sold is $30. (Option E)
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COMPLETE QUESTION:
beginning inventory consists of 4 items at $10 each. during the month, the company purchased 3 items for $11 each and sold 3 items. using first-in, first-out, the 3 goods sold are assumed to be:
A) $31 (rounded to the nearest dollar)
B) An indeterminable amount given the specific items sold was not identified.
C) $33
D) $31.50
E) $30
the marginal product of labor in the production of computer chips is 50 chips per hour. the marginal rate of technical substitution of hours of labor for hours of machine capital is 1/4. what is the marginal product of capital?
The marginal product of capital is 250 chips .
Marginal product = Changed output ÷ changed input.
In another ways, we can say marginal product leads to an increase of total product output with the help of additional workers or input.
Evaluating :Step 1 : The marginal rate of technical substitution is defined as the ratio of marginal productivity of each input.
For instance, suppose the marginal productivity of capital is 50 units, and the marginal productivity of labor is 25 units. Then the value of MRTS is 0.5.
Step 2: The computation of MRTS
The formula for marginal rate of technical substitution is:
MRTS = MPL ÷ MPK
Here,
MRTS = [tex]\frac{MPL}{MPK}[/tex]
[tex]\frac{1}{5} = \frac{50}{MPK}[/tex]
MPK = 5 × 50
MPK = 250
The marginal product of capital is 250 chips.
Marginal Rate of Technical Substitution:The marginal rate of specialized negotiation( MRTS) is an profitable proposition that illustrates the rate at which one factor must drop so that the same position of productivity can be maintained when another factor is increased.
Marginal product :
The marginal product of an input, say labour, is defined as the redundant affair that results from adding one unit of the input to the being combination of productive factors. Marginal product is pertained to as the change in affair seen with per unit change of an input while keeping all other factors of input constant. Example : Labour, accoutrements etc.
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unilever reduced the number of popsicles in each package from 24 to 20 without changing the package price. the tactic unilever is using here is called multiple choice market modification. product extension. rebranding. trading up. shrinkflation.
As Unilever firm has reduced the number of popsicles in each package from 24 to 20 without changing the package price, the tactic that the firm is using here is called a shrinkflation.
What is known as shrinkflation in marketing?Basically, a shrinkflation refers to the reduction in the size of a product in response to rising production costs or market competition. The practice involves the reduction of the size of a product while maintaining its sticker price. By raising the price per given amount is a strategy employed by companies to stealthily boost profit margins or maintain them in the face of rising input costs.
Furthermore, the strategy is often referred to as package downsizing in business and academic research. The less common usage of this term may refer to a macroeconomic situation where the economy is contracting while also experiencing a rising price level. Therefore, rather than the firm increasing the price of a product, its simply offers a smaller package for the same sticker price.
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on june 30, 2021, plaster, inc., paid $812,000 for 80 percent of stucco company's outstanding stock. plaster assessed the acquisition-date fair value of the 20 percent noncontrolling interest at $203,000. at acquisition date, stucco reported the following book values for its assets and liabilities:
Stucco reported the following book values for its assets and liabilities at 92800.
Decrease in accounts receivable = (320800+112700) - 429900 = 3600
Increase in Inventory = (367700+180000) - 637800 = -90100
Decrease in accounts payable = (70800+31100) - 94700 = 7200
Purchase of Stucco Company assets = Cash paid - cash in stucco books
= 812000 - 53300 = 758700
Dividend paid = Dividend paid by Plaster + 20% of dividend paid by
Stucco = 84000 + 8800 = 92800.
The property you buy is a long-term asset that you can grow in value over the time you enjoy it. The cost of the property is spread out over time rather than one time. On the other hand, the mortgage for the property is a liability in your books. A mortgage loan is a long-term debt you owe to a lender.
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the process of determining whether there are any protected class groups whose proportion in a given job category within a company is substantially different from their proportion in the relevant labor market is called:
The process of determining whether there are any protected class groups whose proportion in a given job category within a company is substantially different from their proportion in the relevant labor market is called utilization analysis.
An investigation of a workforce's demographics is known as a utilization analysis, also known as a workforce utilization review. The goal is to determine if a business employs a certain groups (such as women, minorities, etc.) at a rate that is consistent with the availability of the workforce or not (the estimated number of people in designated groups who are available for work).
Utilization analysis is crucial because it guarantees employees and certain groups equitable access to and access to opportunities. Not to mention, it motivates businesses to maintain their diversity and inclusion initiatives in accordance with the laws and guidelines overseen by the Equal Employment Opportunity Commission (EEOC).
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you are employed by atramento, a maker of fountain pen ink, as the purchasing executive with the authority of approving the purchase of supplies. one of the suppliers being considered by atramento is a company owned by your spouse. this situation is an example of:
As the purchasing executive with the authority of approving the purchase of supplies. one of the suppliers being considered by atramentous is a company owned by your spouse. this situation is an example of a conflict of interest.
Atramentum or atrament commonly means a totally black, usually liquid, substance. For instance, an octopus might also emit a gasp of atrament (see cephalopod ink). In historic Rome, the time period Sacramentum signified any black coloring substance used for any cause. The Romans prominent 3 major varieties of Sacramentum, one called librarian (or scriptorium), any other called deuterium, and the 0.33 tectorium. Atramentum librarian was the writing ink of Roman times, Sacramentum auditorium was used by shoemakers for dyeing leather-based, and Sacramentum tectorium (or pidorium) was utilized by painters for some functions, seemingly as a type of varnish.
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suppose a state passes a minimum wage law that increases the minimum wage from $5/hour to $20/hour. the equilibrium wage prior to the minimum wage hike was $10/hour. quizlet
Some employers and workers will agree on a wage less than $20 and not report the wages to the government, or the black market.
Paid on an hourly basis, earnings for wage workers are determined by the number of hours worked during the pay period. Regardless of the number of hours they worked within a pay period, salaried employees receive a certain sum. As a result of reduced "decision fatigue" and improved physical and mental health, greater pay has been linked by economists to increased productivity.
The term "black market" refers to illegal trading that occurs in secrecy or under cover of darkness. Black market trade is an entire sector of an economy that cannot be precisely assessed since it takes place "off the books," so to speak.
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