Response cost requires an individual to engage in an effortful behavior for an extended period of time contingent on the occurrence of the problem behavior.
This is a type of punishment that involves the removal of a specific amount of reinforcers or privileges when a problematic behavior is displayed. The individual is then required to engage in an effortful behavior, such as completing a task or making a repair, in order to earn back the lost reinforcers or privileges.
Desirable behavior while ignoring or minimizing reinforcement for the problem behavior, ultimately decreasing the occurrence of the problem behavior over time.
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9. A firm has beginning inventory of 300 units at a cost of $11 each. Production during the period was 650 units at $12 each. If sales were 700 units, what is the cost of goods sold (assume FIFO)?
A. $9,000
B. $8,000
C. $7,700
D. $8,100
The cost of goods sold using the FIFO method is $8,100. The correct answer is D. $8,100.
The cost of goods sold (COGS) can be calculated using the FIFO (First In, First Out) method, which assumes that the first units purchased or produced are the first ones sold. According to this method, the cost of the beginning inventory is matched with the cost of the first units sold, and then the cost of the production during the period is matched with the cost of the remaining units sold.
In this case, the cost of the beginning inventory is 300 units x $11 = $3,300. The cost of the production during the period is 650 units x $12 = $7,800. Therefore, the total cost of goods available for sale is $3,300 + $7,800 = $11,100.
Since the sales were 700 units, we need to determine which units were sold first. Since the beginning inventory was 300 units, it is assumed that these units were sold first. Then, 400 units from the production during the period were sold.
The cost of the 300 units sold from the beginning inventory is $11 each, or a total of 300 x $11 = $3,300. The cost of the 400 units sold from the production during the period is $12 each, or a total of 400 x $12 = $4,800.
Therefore, the total cost of goods sold is $3,300 + $4,800 = $8,100.
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Which of the following is designed specifically to detect fraud? 1. A surprise visit to the client's warehouse. 2. Looking at little-used or miscellaneous accounts. 3. Testing internal controls for operating deficiencies. 4. 1 and 2 only. 5. 1 and 3 only. O 1 O 2 o o о O O 3 о 4 O O 5
testing internal controls for operating deficiencies - is designed specifically to detect fraud.Fraud can occur when there are weaknesses or deficiencies in a company's internal controls.
By testing internal controls, auditors can identify areas where there may be a higher risk of fraud and take steps to mitigate that risk. This can involve reviewing policies and procedures, testing the effectiveness of controls, and identifying any gaps or weaknesses that need to be addressed.
While surprise visits to a client's warehouse and looking at little-used or miscellaneous accounts can be part of an overall audit strategy, they are not specifically designed to detect fraud. Surprise visits can help auditors verify the existence and condition of inventory, while reviewing little-used or miscellaneous accounts can help identify errors or irregularities in financial statements. However, these methods may not necessarily detect instances of fraud.
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1. what strategies did lending club employ to mitigate ""adverse selection"" on its platform? were these strategies successful?
Lending Club implemented several strategies to mitigate adverse selection on its platform. One of the most effective strategies was the use of advanced algorithms and credit scoring models to assess the creditworthiness of potential borrowers.
These models took into account a wide range of factors, including credit history, employment status, income, and debt-to-income ratio.
In addition to these models, Lending Club also required borrowers to provide detailed information about their financial situation and credit history, including bank statements, tax returns, and pay stubs. This information was verified through third-party sources, helping to ensure the accuracy and reliability of the data.
Another important strategy employed by Lending Club was its focus on diversification. By spreading its lending across a large number of borrowers and loan types, Lending Club was able to reduce its exposure to any individual borrower or loan, minimizing the impact of any defaults or other adverse events.
Overall, these strategies were successful in mitigating adverse selection on the Lending Club platform. The company was able to maintain a high level of credit quality and minimize the risk of default, resulting in strong returns for investors and continued growth for the platform.
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Which of the following is an activity which can occur in background when planned order is converted to production order?
A) Scheduling of Prod order
B) Release prod order on production order creation
C) Determination of Materials Availability for Prod. Order
D) All of the above
D) All of the above can occur in the background when a planned order is converted to a production order.
Scheduling of the production order, releasing the production order on creation, and determining materials availability for the production order are all necessary activities that can happen automatically in the system. This helps to streamline the production process and ensure that orders are executed efficiently.
Your answer: D) All of the above. When a planned order is converted to a production order, activities such as scheduling of the production order, releasing the production order upon creation, and determining materials availability for the production order can all occur in the background.
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The following graph shows the marginal and average product curves for labor, the firm's only variable input. The monthly wage for labor is $2,000. Fixed cost is $120,000
a.At what output does the firm reach minimum average variable cost?
b.What is AVC at its minimum?
c.When the firm uses 60 units of labor, how much output does it produce?
d.When the firm uses 60 units of labor, what is AVC at this level of output?
e.When the firm uses 100 units of labor, what is marginal cost at this level of output?
f.When the firm uses 60 units of labor, what is average total cost at this output?
The total cost at an output of 110 units is approximately $240,000. Therefore, the average total cost at this output is $240,000 / 110 = $2,181.82.
a. The point where the average product curve intersects with the marginal cost curve is the minimum average variable cost point. In the given graph, it occurs at an output level of 40 units of labor.
b. At the minimum average variable cost point, the AVC is $2,000.
c. At 60 units of labor, the output produced is 110 units.
d. At 60 units of labor, the AVC at this level of output is not given in the graph. However, we can calculate it using the formula AVC = Total Variable Cost / Output. We know that the monthly wage for labor is $2,000, and since the firm uses 60 units of labor, the total variable cost is 60 x $2,000 = $120,000. At an output of 110 units, the AVC is $120,000 / 110 = $1,090.91.
e. Marginal cost is the change in total cost that occurs when an additional unit of labor is used. At 100 units of labor, the marginal cost is approximately $2,800.
f. To calculate the average total cost at an output of 110 units, we need to know the total cost at that level of output. From the graph, we can see that the total cost at an output of 110 units is approximately $240,000. Therefore, the average total cost at this output is $240,000 / 110 = $2,181.82.
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Predatory Pricing Decorator's Choice Home Goods manufactures small furnishings that are sold in two different department stores. Decorator's Choice offers the exact same vase to both department stores, but sells the vase for $10 more at one of the department stores. • Price fixing • Descriptive pricing • Predatory pricing • Price discrimination
Based on the information provided, the pricing strategy used by Decorator's Choice Home Goods is predatory pricing.
This is because they are intentionally selling the same product at a lower price to one department store, with the intention of driving their competitors out of business or preventing new competitors from entering the market. This is often done in order to gain a larger market share and increase profits in the long term. Price fixing and price discrimination do not apply in this scenario, as there is no collusion or unfair treatment of customers based on factors such as race or gender. Descriptive pricing also does not apply, as the pricing strategy used by Decorator's Choice is not based on providing additional information about the product or its features.
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Equation 8.9 on p. 196 of the text is u = Ip/с The best statement about what this equation means is: O I have to read page 196 in the text O Little's Law does not apply to all activities O The number of servers multipled by the number of customers in service equals the utlization O Capacity utilization (u) is the average fraction of the server pool that is busy processing customers
The equation instead shows how the utilization of the system is related to the arrival rate (I) and the average processing time (p) of customers. It does not involve the number of servers or customers in service at any given time.
The best statement about equation 8.9 on page 196 of the text, which states u = Ip/с, is that it represents capacity utilization (u), which is the average fraction of the server pool that is busy processing customers. Little's Law, which relates the average number of customers in a system to the average time they spend in the system, does not directly apply to this equation. The equation instead shows how the utilization of the system is related to the arrival rate (I) and the average processing time (p) of customers. It does not involve the number of servers or customers in service at any given time.
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Suppose you just finished your third plateful of Thanksgiving dinner and it yielded 17 units of additional satisfaction, and the fourth plateful of Thanksgiving dinner would give 1 unit of utility. Should you go back for more? a. No, because the marginal utility of the 4th plateful will be negative. b. Yes, since the marginal utility of the 4th plateful is expected to be more than 17 units of utility. c. No, since the marginal utility of the 4th plateful is less than 17 units of utility. d. Yes, since the marginal utility of the 4th plateful is greater than 0 units.
The correct answer is a. No, because the marginal utility of the 4th plateful will be negative.
This is because the additional satisfaction gained from the fourth plateful is only 1 unit, which is less than the satisfaction gained from the third plateful. As a result, the marginal utility is diminishing and eventually becomes negative, meaning that the fourth plateful would not provide any additional satisfaction and may even decrease satisfaction. Therefore, it is not worth going back for more food.
c. No, since the marginal utility of the 4th plateful is less than 17 units of utility.
just finished your third plateful of Thanksgiving dinner and it yielded 17 units of additional satisfaction, and the fourth plateful of Thanksgiving dinner would give 1 unit of utility. Should you go back for more
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An 90-g arrow is fired from a bow whose string exerts an average force of 130 M on the arrow over the distance of 85 cm. What is the speed of the arrow as it leave the bow?
The speed of the arrow as it leave the bow is 50m/s.
The speed of the arrow as it leaves the bow can be determined by using the equation Force x Distance = Mass x Velocity². To solve for velocity, we can take the square root of both sides, and rearrange the terms.
The resulting equation is Velocity = Square Root of (Force x Distance/Mass). Plugging in the given values, we get Velocity = Square Root of (130 N x 0.85 m/ 0.09 kg), which equals approximately 50 m/s.
In physics, force, mass, and distance play an important role in understanding the motion of objects. Force is a push or pull, and is measured in Newtons (N). Mass is the measure of the amount of matter in an object, and is measured in kilograms (kg). Distance is the measure of the space between two points, and is measured in meters (m).
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he u.s. experienced enter your response here recessions between the years 1944 and 2018 with an average duration of enter your response here months (r
A significant, pervasive, and long-lasting drop in economic activity is referred to as a recession.
What is Recession?No. Recession Time Period Duration (months)
1 Recession of 1945 Feb 1945–Oct 1945 8
2 Recession of 1949 Nov 1948–Oct 1949 11
3 Recession of 1953 July 1953–May 1954 10
4 Recession of 1958 Aug 1957–April 1958 8
5 Recession of 1960–61 Apr 1960–Feb 1961 10
6 Recession of 1969–70 Dec 1969–Nov 1970 11
7 1973–75 recession Nov 1973–Mar 1975 16
8 1980 recession Jan 1980–July 1980 6
9 1981–1982 recession July 1981–Nov 1982 16
10 Early 1990s recession July 1990–Mar 1991 8
11 Early 2000s recession Mar 2001–Nov 2001 8
12 Great Recession Dec 2007–June 2009 18
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The complete question is,
The U.S. experienced recessions between the years 1944 and 2018 with an average duration of months (round your duration calculation to one decimal place).
In his second year of managing the accounting department, Drew set a goal for his team to slightly improve its "days billing" from last year's mediocre 36 days to 35.5 days. Midway through the year, Drew is disappointed that the "days billing" has actually worsened, to 37 days. Drew's manager advised Drew that, to motivate his staff to perform at a higher level, Drew should set a goal that is A) unattainable. B) subjective. C) provisional. D) not quantifiable. E) more challenging.
It becomes more difficult for him to manage the accounting department in his second year. Unrealistic expectations can lead to unneeded stress, pressure, and a sense of failure. answer is option (a).
What is accounting department?A firm or organisation's accounting department is in charge of overseeing all financial and accounting operations. These tasks include creating financial statements, keeping up-to-date financial records, keeping an eye on cash flows, making sure that all applicable rules and regulations are followed, and offering tax planning and advising.
Additionally, the accounting division is in charge of creating budgets, creating and implementing financial plans, and evaluating financial performance. The accounting division collaborates closely with other divisions of the company to guarantee that financial objectives are met and to support decision-making.
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The reason that laws, rules, and company policies need to be known and understood is that:
A. They are nice to know
B. They directly affect employees
C. They can occasionally be useful
D. It is not necessary to know about laws, rules, and company policies
The reason that laws, rules, and company policies need to be known and understood is that they directly affect employees.
Laws, rules, and company policies are put in place to ensure that organizations operate in a legal, ethical, and safe manner. They are designed to protect employees, customers, and other stakeholders, as well as the organization itself. Therefore, it is important for employees to know and understand these laws, rules, and policies in order to comply with them and to avoid any negative consequences that may result from non-compliance.
In addition, knowing and understanding laws, rules, and company policies can help employees make informed decisions, communicate effectively with others, and perform their jobs more effectively. It can also help them identify potential issues or concerns and address them appropriately.
Overall, knowing and understanding laws, rules, and company policies is essential for employees to perform their jobs effectively, comply with legal and ethical requirements, and contribute to a safe and healthy work environment.
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Consider the following questions independently. None of the six segments have a primarily financial nature a. What minimum revenue amount must any one segment generate to be of significant size to require disaggregated disclosure? (Enter your answer in dollars but not in thousands.)
To find the minimum revenue amount for disaggregated disclosure, you need to consult the applicable financial reporting guidelines and identify the thresholds or percentages stated for segment significance.
1. Identify the terms:
a. Segment
b. Disaggregated disclosure
c. Minimum revenue amount
2. Define the terms:
a. Segment: A part of a business that generates revenue and incurs expenses independently of other segments.
b. Disaggregated disclosure: The process of breaking down and reporting financial information separately for each significant segment of a company.
c. Minimum revenue amount: The lowest revenue threshold a segment must meet to be considered significant for disaggregated disclosure purposes.
3. Understand the criteria for determining the minimum revenue amount:
The criteria for determining if a segment is significant enough to require disaggregated disclosure can vary depending on the regulatory body and financial reporting standards that apply.
4. Determine the minimum revenue amount:
As the specific criteria are not provided in your question, I cannot provide an exact minimum revenue amount. However, I encourage you to review the financial reporting guidelines relevant to your company or situation.
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On June 1, 2020, a company entered into a 2-year forward rate agreement (FRA) with a bank for the period starting December 1, 2021 to June 1, 2022. What is the value of the FRA to the company at the inception of the contract on June 1, 2020? A. It is positive. B. It is negative. C. It is zero. D. Not enough information.
The value of the forward rate agreement to the company at the inception of the contract on June 1, 2020, depends on the prevailing interest rates at that time. The correct answer is (D) Not enough information.
If the company expects interest rates to rise, then the FRA would be valued as a positive asset as it would protect the company from the increased interest rates. Conversely, if the company expects interest rates to fall, then the FRA would be valued as a negative asset as it would be disadvantageous to the company. Therefore, the answer to this question cannot be determined without information about prevailing interest rates at the time of contract inception. The correct answer is D, not enough information.
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Jack's Wheels Limited choice Communism Capitalism Business ownership Government collected Gas prices skyrocket Competition Charity donation Abundant selection Profits Market influence Constant sales Product availability Expensive gas State Bread Co. Price
The impact of capitalism and business ownership on factors like competition, pricing, and product availability. In a capitalist system, businesses like Jack's Wheels Limited can thrive due to the freedom of private ownership and market competition.
This leads to an abundant selection of products, as companies constantly innovate and adjust to market influences. Profits are generated through constant sales, and businesses may choose to make charity donations as well. However, factors like expensive gas prices can impact a business's bottom line, while government policies may also influence the market
Under communism, businesses are owned and controlled by the government, with the goal of ensuring equality and avoiding exploitation. In contrast, capitalism allows for private ownership of businesses, with the aim of generating profits and promoting competition.
In a capitalist system, businesses have the freedom to set their own prices and operate with minimal government intervention. This can lead to a wide range of products and services being available to consumers, as well as constant sales and promotions to attract customers. However, there may also be concerns about market influence and the potential for businesses to prioritize profits over other social or environmental goals.
One example of this might be Jack's Wheels Limited, a company that produces and sells cars. Under capitalism, they would have the freedom to set their own prices and compete with other car manufacturers. However, if gas prices were to skyrocket, this could have an impact on their profits and sales. In a communist system, the government might step in to regulate gas prices or provide subsidies to businesses like Jack's Wheels to ensure they can continue operating.
Additionally, while capitalism generally prioritizes profits and competition, there is still room for charity donations and social responsibility. Many businesses choose to support charitable causes or invest in sustainable practices, even if it may not lead to immediate financial gain.
Overall, while capitalism and communism have different approaches to business ownership and market influence, there are pros and cons to each system. It's up to individual societies to determine which approach is best for them based on their values and priorities.
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Marin University sells 4,200 season basketball tickets at $80 each for the entire 20-game home schedule. Give the entry to record the sale of the season tickets. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (b) Give the entry to record the revenue recognized after playing the first home game. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit
a) The entry to record the sale of the season tickets is $336,000. b) the entry to record the revenue recognized after playing the first home game will be:- $16,800
the entry to record the sale of the season basketball tickets at Marin University would be as follows:
Account Titles and Explanation Debit Credit
Cash (4,200 tickets x $80) $336,000
Unearned Revenue $336,000
The cash account is debited for the amount received for the sale of the tickets, which is calculated by multiplying the number of tickets sold (4,200) by the price of each ticket ($80). The unearned revenue account is credited for the same amount, as the university has not yet provided the service (i.e., the basketball games) for which the tickets were sold.
For the second question, the entry to record the revenue recognized after playing the first home game would be as follows:
Account Titles and Explanation Debit Credit
Unearned Revenue (1/20 x $336,000) $16,800
Revenue $16,800
The unearned revenue account is debited for the amount of revenue that has been earned (i.e., recognized) after the first home game has been played. This amount is calculated by taking the total amount of unearned revenue ($336,000) and dividing it by the number of games in the home schedule (20), resulting in $16,800. The revenue account is then credited for the same amount, as revenue has been recognized for the first game played.
In summary, the first entry records the sale of the season basketball tickets as unearned revenue, while the second entry records the recognition of the revenue earned after playing the first home game. By doing so, Marin University can accurately track its revenue from ticket sales and ensure compliance with accounting principles.
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the following are three transactions. identify each transaction as affecting owner’s investment, owner’s drawings, revenue, expense, or not affecting owner’s equity.
Transaction A affects the owner's investment, Transaction B affects the owner's drawings, and Transaction C affects revenue and expenses, which determine the net change in the owner's equity.
The effects of the transactions on owner's equity. Here are the three transactions:
1. Transaction A: The owner invests $10,000 in the business.
2. Transaction B: The owner withdraws $2,000 for personal use.
3. Transaction C: The business earns $5,000 in revenue and incurs $3,000 in expenses.
Effects on owner's equity:
1. Transaction A affects the owner's investment, as the owner is putting money into the business. This increases the owner's equity by $10,000.
2. Transaction B affects the owner's drawings, as the owner is taking money out of the business for personal use. This decreases the owner's equity by $2,000.
3. Transaction C has two parts:
- The $5,000 in revenue increases the owner's equity, as it is money earned by the business.
- The $3,000 in expenses decreases the owner's equity, representing the business's cost.
The net effect of Transaction C on the owner's equity is an increase of $2,000 ($5,000 - $3,000).
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if a country saving rate is 24 percent, the capital output ratio is 3, and the depreciation rate is 5 percent, the economy can be expected to grow
The expected economic growth rate for the country is dependent on the population growth rate (n). Without knowing this value, we cannot determine the exact growth rate. However, we can conclude that the growth rate will be positive as long as the population growth rate is lower than 0.64%.
Based on the information provided, we can use the Solow Growth Model to calculate the expected economic growth rate for the country. The Solow Growth Model states that economic growth is determined by changes in the amount of capital per worker and technological progress.
First, we can calculate the steady-state capital per worker using the formula:
k* = (s / (n + δ))^(1/1-α) * A
where:
- s is the savings rate (24%)
- n is the population growth rate (not given)
- δ is the depreciation rate (5%)
- α is the capital share in output (not given)
- A is the level of technology (not given)
Since we don't have values for n, α, and A, we will assume that they remain constant. Thus, we can solve for k* using the given values of s and δ:
k* = (0.24 / (n + 0.05))^(1/0.67)
Next, we can calculate the steady-state output per worker using the formula:
y* = A * (k*)^α
Again, we don't have a value for A or α, so we will assume they remain constant. Thus, we can solve for y* using the given value of k*:
y* = A * (k*)^α
Finally, we can calculate the expected growth rate of the economy using the formula:
g = (s / (n + δ)) * (y* / k*) - δ
Substituting the values we have:
g = (0.24 / (n + 0.05)) * (y* / k*) - 0.05
We can simplify this equation by substituting y* / k* with the capital output ratio (3):
g = (0.24 / (n + 0.05)) * 3 - 0.05
g = 0.69 / (n + 0.05) - 0.05
Therefore, the expected economic growth rate for the country is dependent on the population growth rate (n). Without knowing this value, we cannot determine the exact growth rate. However, we can conclude that the growth rate will be positive as long as the population growth rate is lower than 0.64%.
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the registration area has just opened at a large convention of building contractors in singapore. there are 520 people arriving per hour (exponential interarrival times), and their cost of waiting in queue is valued at $50 per person per hour. the singapore convention bureau provides servers to register guests. the cost (salary) of a server is 40 dollars per hour. it takes about 45 seconds to register an attendee (exponentially distributed). a single waiting line with multiple servers is set up.a) What is the minimum number of servers for this system? b) What is the optimal number of servers for this system from a cost perspective? c) What is the cost for the system, per hour, with the optimum number of servers? d) What is the server utilization rate with the minimum number of servers?
a) Minimum number of servers for this system infinite.b) Optimal number of servers for this system from a cost perspective 8 c). cost for the system, per hour, with the optimum number of servers $1,360 per hour. d) the server utilization rate with the minimum number of servers 15.38%.
a) To determine the minimum number of servers required for the system, we need to use Little's Law, which states that the average number of customers in the system (L) is equal to the average arrival rate (λ) multiplied by the average time spent in the system (W). We can use the following formula to calculate the minimum number of servers:
L = λW
W = 1 / μ - λ
where μ is the service rate (1/45 seconds).
Plugging in the given values, we get:
λ = 520 customers per hour
μ = 1 / 45 seconds = 80 customers per hour
W = 1 / 80 - 520 = -6.5 hours (a negative waiting time implies an unstable system)
Since the waiting time is negative, the minimum number of servers required is infinite, meaning that the system is not viable without additional measures.
b) To determine the optimal number of servers, we need to consider the trade-off between the cost of waiting and the cost of providing additional servers.
The total cost is the sum of the waiting cost and the server cost. The waiting cost is the cost per person per hour multiplied by the average time spent waiting in line, while the server cost is the hourly salary cost per server multiplied by the number of servers. The optimum number of servers is the one that minimizes the total cost.
We can use the following formula to calculate the total cost:
Total cost = (λ / (μ - λ)) * (waiting cost per person per hour) + (number of servers) * (server cost per hour)
Plugging in the given values, we get:
Waiting cost per person per hour = $50
Server cost per hour = $40
λ = 520 customers per hour
μ = 80 customers per hour
Using some algebra and optimization techniques, we can find that the optimal number of servers is 8, which minimizes the total cost.
c) With 8 servers, the total cost per hour is:
Total cost = (λ / (μ - λ)) * (waiting cost per person per hour) + (number of servers) * (server cost per hour)
Total cost = (520 / (80 - 520)) * 50 + 8 * 40
Total cost = $1,040 + $320
Total cost = $1,360 per hour
d) The server utilization rate with the minimum number of servers is equal to the service rate (μ) divided by the arrival rate (λ), which is:
μ / λ = 80 / 520
μ / λ = 0.1538 or 15.38%
This means that the servers would be utilized only 15.38% of the time, which is not efficient. With the optimum number of servers, the server utilization rate would be higher, but still less than 100% to allow for some slack time and avoid excessive waiting times.
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Sony has developed the Sony PlayStation VR, a revolutionary 9th-generation video game console that makes use of cutting-edge virtual reality technology. As the first firm to develop a VR console product, Sony will enjoy a monopoly position for the foreseeable future. Sony’s cost function is () = 40 + 2, where is the total worldwide quantity that Sony sells. ! Initially, Sony anticipates selling its PSVR in the US market alone. Demand in the US for the new product is =20−P .
(b) [5 points] In addition to the US market, Sony is also considering selling its new PSVR in the European market as well. Demand in Europe for the new console is given by = 3 − 0.5P . Assume that there is no demand interaction between the European market and the US market, and so Sony is free to charge different prices in each. How many units should Sony sell in Europe, and at what price?
Sony should sell 9 units of the PSVR in Europe at a price of 6. Sony has developed the Sony PlayStation VR, a revolutionary 9th-generation video game.
To determine the optimal quantity and price for Sony to sell in Europe, we need to first calculate the marginal cost (MC) function. We can do this by taking the derivative of the cost function with respect to quantity:
MC = dC/dQ = 2
Next, we need to set marginal cost equal to marginal revenue (MR) to find the profit-maximizing quantity and price:
MR = dTR/dQ = P(Q) + Q(dP/dQ)
In the US market, we know that demand is given by 20 - P. Therefore, in order to solve for MR, we need to find the derivative of total revenue (TR) with respect to quantity:
TR = PQ
dTR/dQ = P + Q(dP/dQ)
dTR/dQ = P + Q(-1)
dTR/dQ = P - Q
Substituting in the demand function for the US market:
MR = P(Q) + Q(dP/dQ) = (20 - Q) + Q(-1) = 20 - 2Q
Now we can set MR equal to MC:
20 - 2Q = 2
Solving for Q, we get:
Q = 9
This tells us that Sony should sell 9 units of the PSVR in the European market.
To find the price, we can use the demand function for Europe:
Q = 3 - 0.5P
9 = 3 - 0.5P
P = 6
Therefore, Sony should sell 9 units of the PSVR in Europe at a price of 6.
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Sony has developed the Sony PlayStation VR, a revolutionary 9th-generation video game console that makes use of cutting-edge virtual reality technology. As the first firm to develop a VR console product, Sony will enjoy a monopoly position for the foreseeable future. Sony’s cost function is
A 25-year maturity mortgage-backed bond is issued. The bond has a par value of $10,000 and promises to pay an 8 percent annual coupon. At issue, bond market investors require a 12 percent interest rate on the bond. What is the initial price on the bond? Please Show Work (NO EXCEL) (If you can solve using financial calculator please show process).
solve for PV to get $6,236.11 as the initial price of the bond.
To calculate the initial price of the bond, we need to use the formula:
PV = C x (1 - (1 /[tex](1 + r)^n)[/tex]) / r + FV /[tex](1 + r)^n[/tex]
Where:
PV = Present value or initial price of the bond
C = Coupon payment per year = par value x coupon rate = $10,000 x 8% = $800
r = Required rate of return = 12%
n = Number of periods or years to maturity = 25
FV = Face value or par value of the bond = $10,000
Plugging in the values, we get:
PV = $800 x (1 - (1 /[tex](1 + 12%)^25[/tex])) / 12% + $10,000 /[tex](1 + 12%)^25[/tex]
PV = $800 x (1 - 0.0437) / 0.12 + $1,223.59
PV = $6,236.11
Therefore, the initial price of the bond is $6,236.11.
Using financial calculator process:
N = 25 (number of periods)
I/Y = 12 (interest rate)
PMT = 800 (coupon payment)
FV = 10,000 (face value)
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Next year, Lobel Consulting plans on using 7.280 hours of administrative time. If Lobel's activity-based overhead rate for administration is $18.15 per hour, how much does the firm plan on spending in total on overhead related to administration? $124,852 O $110,510 $132.132 $117.790
Lobel Consulting plans on spending $132,132 in total on overhead related to administration.
The term "overhead" describes continuing company costs that aren't directly related to providing a good or service. It is crucial for budgeting as well as for figuring out how much a business must charge for its goods or services in order to turn a profit.
Here's the step-by-step explanation:
Step 1. The firm plans on using 7,280 hours of administrative time.
Step 2. The overhead rate for administration is $18.15 per hour.
Step 3. Multiply the administrative hours by the overhead rate to find the total spending on overhead related to administration:
7,280 hours × $18.15 per hour = $132,132
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The aggregate supply curve shows the relationship between:
A) the level of inputs and aggregate output.
B) the inflation rate and the level of inputs.
C) the wage rate and the level of employment.
D) the inflation rate and the level of aggregate output supplied.
The aggregate supply curve shows the relationship between: (D) the inflation rate and the level of aggregate output supplied.
The aggregate supply curve represents the amount of goods and services that firms are willing and able to supply at different price levels. As the price level increases, firms are willing to supply more output due to higher profits, which leads to a positively sloped aggregate supply curve. Therefore, the relationship shown on the aggregate supply curve is between the inflation rate (measured by the price level) and the level of aggregate output supplied.
Therefore, option D is the right answer.
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A workload table captures the that each flow unit type requires for each resource. Multiple Choice amount of work O amount of demand amount of revenue O amount of supply
A workload table captures the amount of work.. The correct answer is A: "amount of work."
A workload table captures the amount of work that each flow unit type requires for each resource, helping in managing resources effectively and efficiently. It provides information about the amount of time, effort, or resources required to complete a particular task or activity. By using a workload table, organizations can allocate their resources properly and ensure that they are being used effectively to meet the demand for their products or services.
The correct answer is A.
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A workload table captures the amount of work.. The correct answer is A: "amount of work."
A workload table captures the amount of work that each flow unit type requires for each resource, helping in managing resources effectively and efficiently. It provides information about the amount of time, effort, or resources required to complete a particular task or activity. By using a workload table, organizations can allocate their resources properly and ensure that they are being used effectively to meet the demand for their products or services.
The correct answer is A.
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When using multiple rater sources it is important that all raters agree on their rating. True or False?
True. When using multiple rater sources, it is important that all raters agree on their rating.
This helps ensure consistency, reliability, and validity of the evaluations, leading to more accurate and meaningful results.
Employee performance is tricky to measure, but one strategy used by millions of domestic and international companies is performance rating. The better way to determine employee abilities than to ask their supervisors, subordinates, and peers who work with them every day.
Unfortunately, we are all affected by a wide variety of rater biases that impact how we make our ratings. These biases might skew employee ratings too high or too low. Ultimately, failing to take rater biases into account makes obtaining a true estimate of employee performance very challenging.
Because of this reality, it is critical for human resource professionals to have a strong understanding of rater biases. Understanding them can prevent decision-making errors, which strengthens a company’s ability to use performance ratings to their full potential.
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Start-up costs are an intangible asset with an indefinite life and should be amortized over the expected life of the business. True or False? ·
The statement "Start-up costs are an intangible asset with an indefinite life and should be amortized over the expected life of the business" is false because Start-up costs are not an intangible asset with an indefinite life, and should not be amortized over the expected life of the business.
Start-up costs are considered expenses incurred during the initial stages of setting up a business. These costs are usually one-time expenses and are not considered intangible assets, which are non-physical resources with economic value. Start-up costs can include items such as legal fees, rent deposits, and marketing expenses.
Instead of amortizing start-up costs over the expected life of the business, these costs are typically capitalized and expensed over a shorter period of time.
According to the U.S. Generally Accepted Accounting Principles (GAAP), start-up costs must be expensed as incurred, meaning that they are recorded as an expense in the financial statements when they occur.
This treatment allows businesses to recognize the costs associated with starting a business in a more timely manner, rather than spreading them out over the entire life of the business.
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Which alignment option is recommended for the body text in most business documents? a. Centered b. Full c. Right d. Left
The recommended alignment option for the body text in most business documents is d. Left alignment.
The recommended alignment option for the body text in most business documents is d. Left alignment. This is because left alignment provides a clean and organized look, making the document easier to read and understand. Centered and full alignments can be distracting and difficult to read for long periods of time, while right alignment is rarely used for body text in business documents.
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In economics, framing is the manner in which a problem is presented. Can framing influence the choices individuals make?
- No. Framing, or how the problem is presented, will influence the outcome or choices only if the people making the choice cannot form a rational or logical thought. - Yes, but only when there is a difference between options or the choices a person makes. How the options or choices are framed matters to the outcome only if framing shows there is a clear difference between the choices. - Yes. Even when there is no difference between options or the choices a person makes, how the options or choices are framed matters to the outcome; framing matters to how people choose. - No. Framing, or how the problem is presented, will not influence the outcome or choices. Each individual will make a rational and logical choice based on the facts presented; how the facts are presented is irrelevant.
Yes, framing can influence the choices individuals make in economics. The manner in which a problem is presented can affect the perception of the available options or choices, which can impact the decision-making process.
Yes, framing can influence the choices individuals make in economics. The manner in which a problem is presented can affect the perception of the available options or choices, which can impact the decision-making process. The framing of a problem can also influence the emotions and values associated with the choices, leading to different outcomes. Therefore, it is important to consider the framing of a problem in economic decision-making.
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Yes, framing can influence the choices individuals make, even when there is no difference between options or choices. The way a problem is presented can affect the way people perceive and evaluate the available options, which can ultimately impact their decision-making process.
Research in behavioral economics and psychology has shown that individuals may be susceptible to framing effects, and the same options presented in different ways can lead to different choices. However, it is important to note that framing effects are not universal, and some people may be less susceptible to them than others . It is important to consider the framing of a problem in economic decision-making.
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water rights, markets and rates are often tied to their intended use (e.g. commercial, agricultural, and residential) and out of use or out of basin water transfers are often prohibited. why?
Water rights, markets, and rates are often tied to their intended use because water is a finite resource and its availability needs to be managed in order to ensure that users have access to the water they require.
What is markets?Markets are places where buyers and sellers come together to exchange goods and services. They are often physical locations such as farmers markets, flea markets and shopping malls. They can also be digital locations such as stock markets, currency exchanges, and online marketplaces. Markets are important because they facilitate the exchange of goods and services, allowing buyers and sellers to find each other and make transactions.
Out of use or out of basin water transfers are often prohibited because the transfer of water to another area can cause a disruption to the existing ecosystems and water supply in the area of origin, and can also lead to increased costs for existing users.
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Water rights, markets, and rates are often tied to their intended use because water is a finite resource and its availability needs to be managed in order to ensure that users have access to the water they require.
What is markets?Markets are places where buyers and sellers come together to exchange goods and services. They are often physical locations such as farmers markets, flea markets and shopping malls. They can also be digital locations such as stock markets, currency exchanges, and online marketplaces. Markets are important because they facilitate the exchange of goods and services, allowing buyers and sellers to find each other and make transactions.
Out of use or out of basin water transfers are often prohibited because the transfer of water to another area can cause a disruption to the existing ecosystems and water supply in the area of origin, and can also lead to increased costs for existing users.
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Don Amspacher, in his role on the buying committee, provides information for evaluating the alternative purchase decisions and helps define and set specifications for evaluating alternatives for purchasing. Don is a(n) ________.A) userB) influencerC) deciderD) gatekeeperE) buyer
b) Don is an Influencer.
What is the roles of individuals involved in a purchase decision are important to understand in marketing and sales?The roles of individuals involved in a purchase decision are important to understand in marketing and sales.
In this scenario, Don Amspacher provides information for evaluating alternative purchase decisions and helps define and set specifications for evaluating alternatives for purchasing. This indicates that Don is not the ultimate decision-maker (decider) or the person who makes the actual purchase (buyer).
Instead, Don is an influencer, as he has the ability to influence the final decision by providing information and setting specifications. In the buying process, an influencer is someone who provides information or opinions to others in the organization who have the ultimate decision-making power. The influencer is typically someone who has expertise in the area or is affected by the outcome of the purchase decision.
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