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The range of variation, which was specified at the time the standard was created, is the degree of allowable deviance from the standard. Option (3) is Correct.
The range of variation is defined as "the permissible parameters of difference between actual performance and a standard." There are various differentiating metrics. These statistical techniques describe the degree of data dispersion. Your data's spread from the lowest to the greatest value in the distribution is indicated by the range. The calculation of this variability index is the simplest. Simply subtract the lowest value from the highest value in the data set to determine the range.
The difference between the high and low values is known as the range. Since it only employs extreme values, extreme values have a significant impact. The average squared variation from the mean is known as the variance. Because the units are squared and aren't the same as the original data, its usefulness is constrained. One of the simplest ways to assess variation is with a range. It is the difference between the set's smallest and largest data item. For instance, 94 - 73 equals 21, hence the range 73, 79, 84, 87, 88, 91, and 94 is 21.
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Correct Question:
Is the amount of acceptable deviation from a standard, determined when the standard was established, Multiple Choice
1. Span of exception.
2. Breadth control.
3. Range of variation.
4. Variable budget.
Related Questions
what are the 4 P's of storytelling
Answers
Answer:
I believe it is People, Passion, Purpose and Product
Explanation:
Answer:
People, Passion, Purpose, and Product.
Explanation:
When crafting a good story you need to keep the following four elements in mind: People, Passion, Purpose, Product.
People – Your story should describe the role you play in people’s lives. Therefore, your story needs to resonate with the listener. To do so, first write for the emotions you want to elicit then find the words that help you convey them.
Passion – Effective storytelling helps erase doubts in a prospect’s mind. Since what you’re really doing when you’re agvocating is selling you and your industry, a properly crafted story can garner attention, dispel doubts and solidify the truth, help build critical relationships, and resonate enough to leave a lasting impression. Finding the fodder for a well-crafted story means drawing on the passion and belief you have in your life’s work and speaking from the heart.
Purpose – Stories can help increase the value of a product. In a 2009 experiment, a couple of researchers bought $129 worth of junk at garage sales then put it all up for sale on eBay, but only after they added a ‘background’ story about each piece. They ended up making $3,600 on $129 worth of stuff due to people connecting emotionally with each piece through the story. Your purpose as an agvocate is to not only spread correct information about Canadian agriculture, but to elevate the brand by demonstrating its value to individuals and society.
Product – Don’t focus solely on the product. While it might be the best thing since sliced bread (and I think we can all agree farming is pretty great – who doesn’t love or need to eat?!), an amazing product in and of itself doesn’t necessarily make a great story. The reason behind (the passion, the benefits) the product, however, can be captivating.
A car manufacturing company produces 450 cars in one month. It buys the engines for cars from a supplier at a cost of TZS20 per engine. The company' inventory carrying cost is estimated to be 15% of cost and the ordering is TZS per order. You are required to: i. Compute the average annual ordering and carrying cost. ii. Compute the average inventory
Answers
Answer:
Explanation:
1. To compute the average annual ordering and carrying cost, we need to first determine the number of orders that the company places in a year. Assuming that the company operates for 12 months in a year, we can calculate the number of orders as follows:
Number of orders = Annual demand / Order quantity
Order quantity = Production volume = 450 cars
Annual demand = Production volume x Number of months = 450 x 12 = 5400 cars
Number of orders = 5400 / 450 = 12 orders per year
The annual ordering cost can be calculated by multiplying the number of orders by the cost per order:
Annual ordering cost = Number of orders x Cost per order = 12 x TZS
To compute the annual carrying cost, we need to determine the average inventory. The average inventory can be calculated as:
Average inventory = Order quantity / 2 = 450 / 2 = 225 cars
To compute the annual carrying cost, we need to determine the average inventory. The average inventory can be calculated as:
Average inventory = Order quantity / 2 = 450 / 2 = 225 cars
The annual carrying cost can be calculated as:
Annual carrying cost = Average inventory x Cost per unit x Carrying cost percentage
Cost per unit = Cost of engine = TZS20
Carrying cost percentage = 15% = 0.15
Annual carrying cost = 225 x TZS20 x 0.15 = TZS675
Therefore, the average annual ordering and carrying cost is:
Average annual ordering and carrying cost = Annual ordering cost + Annual carrying cost = TZS + TZ
2. To compute the average inventory, we can use the following formula:
Average inventory = (Q/2) + (D*LT)/2
where Q is the order quantity, D is the annual demand, and LT is the lead time for the engines.
We first need to calculate the annual demand for engines. Since the company produces 450 cars in one month, and each car requires one engine, the monthly demand for engines is 450. Therefore, the annual demand for engines is:
Annual demand = Monthly demand * 12 = 450 * 12 = 5400 engines per year
Next, we need to determine the order quantity that minimizes the total cost of ordering and carrying inventory. We can use the economic order quantity (EOQ) formula
EOQ = sqrt((2 * D * S) / H)
where S is the ordering cost and H is the carrying cost as a percentage of the unit cost.
The ordering cost is given as TZS per order, so S = TZS. The carrying cost is 15% of the unit cost of TZS20 per engine, so H = 0.15 * 20 = TZS3.
Plugging in the values, we get:
EOQ = sqrt((2 * 5400 * TZS) / TZS3) = sqrt(36000) = 189.74
Therefore, the order quantity that minimizes the total cost of ordering and carrying inventory is 190 engines per order.
Finally, we can use the formula for average inventory to compute the average inventory:
Average inventory = (Q/2) + (DLT)/2
= (190/2) + (5400/12)(1/2) = 95 + 225 = 320 engines
Therefore, the average inventory for the car manufacturing company is 320 engines.
Please help with this problem this is a tax business class.
Answers
Whenever beneficiary of a life insurance policy receives a death benefit, this money (benefit) is not counted as taxable gross income. Hence, in this case, even if Lauren report $10,000 as earned benefit, such benefit is not taxable.
What does Taxable Income mean according to IRS?Taxable income is defined as any gross income earned that is used to calculate the amount of tax owed. Simply put, it is your taxable income less any deductions. This includes any employer wages, tips, salaries, and bonuses. Unearned income and investment income are also included.
Adding up all sources of income, excluding nontaxable items, and subtracting credits and deductions yields the taxable income. The IRS considers almost all types of income to be taxable, but a few income streams are not.
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Answer the following questions on the basis of the monopolist's situation is illustrated in the following graph.
a. At what output rate and price does the monopolist operate?
b. In the equilibrium, approximately what is the firm's total cost and total revenue?
c. What is the firm's economic profit or loss in equilibrium?
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The following answers are based on a monopoly economy.
The output rate and the price at which the monopolist operates based on the graph is 100 quantities at $10.In the market equilibrium, the firm's total cost and total revenues are $750 and $1000 respectively. The firm's economic profit in the equilibrium is $250.What is a monopoly?A monopoly, as defined by Irving Fisher, is a market with "no competition," resulting in a scenario in which a certain individual or organization is the exclusive supplier of a given product.
To arrive at answer a, we need to recall that the equilibrium of a monopolist is when the Marginal Cost equals the Marginal Revenue and the Marginal Cost Curve (MC) cuts the Marginal Revenue Curve (MR ) from below.
At this point, the equilibrium output is 100, and the equilibrium price is $ 10 for every unit of production.
For the answer is b, given that the firm is producing 100 units of goods at an average total cost of $7.5 (derived from the point that aligns with MR = MC), therefore,
Total Cost = Equilibrium Output * ATC (Average Total Cost)
= 7.5 * 100
= $750
To arrive at answer c,
Recall that Economic profit is the difference between the money collected from the sale of a product and the expenses of all inputs utilized, as well as any opportunity costs, is the economic profit or loss.
Hence, Economic Profit = Total Revenue (TR) Less Total Cost (TC)
= $1000 - $ 750
= $250
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How does public policy impact entrepreneurs?
How does public policy impact entrepreneurs?
What are some specific examples of policies and programs that support new and existing small businesses?
What additional policy considerations can support the development of entrepreneurial skills among young people?
Answers
Answer:
Four policies that have an impact on entrepreneurship are: tax policy, regulation, start-up costs and access to capital markets, and legal protection and property rights.
good luck on whatever assignment u got to do
Consider the case of a good with external benefits. If you plant trees in front of your house, the neighborhood is more attractive, and trees create shade, provide oxygen, and a home for birds and squirrels. Thus, the benefits to society are greater than the benefits to you. If the planting of trees is a private choice, you will plant too few trees relative to the socially optimal quantity, because the private value to you is less than the social value.
1. Which of the following would not help to correct this problem?
a. Subsidize consumer purchases of trees to plant.
b. Tax homeowners who plant trees.
c. Subsidize nurseries that sell trees for planting.
d. Have the government provide trees to homeowners.
e. All of the above would help to correct the problem.
2. If the government pays for a program to increase the planting of trees, who will win and lose from the program?
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Answer:
1. b. Tax homeowners who plant trees.
2. Win - society and consumer
Loose - tax payers and producers.
Explanation:
1. a). If the good creates a positive externalities, then the \(\text{private benefits from the good are less than the social benefits}\) from the good.
In the context, the following would not help to correct the problem :
Taxing the homeowners who plant the trees.
If the government taxes or takes some money form the people or the house owners who plant trees in their neighborhood will discourage the people to plant the trees and would not help in correcting the problem.
2. If the government pays for the program that helps to increase the planting the trees, then,
the one who will win from this program is : society and the consumers
the one who will loose : tax payers and the producers as the government would impose more tax in order to fuel the project.
The cross-price elasticity of demand for soda and pretzels is -0.6. Therefore, soda and pretzels must be __________ goods. a.) elastic b.) inferior c.) complementary d.) substitute
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The cross-price elasticity of demand for demand is negative, as they must be complementary goods.
Cross-price Elasticity of Demand
The cross-price elasticity of demand helps to determine the relationship between two commodities when their prices change over time. It measures the change in demand for one product due to the fall or rise in the price of the other product.
Positive Cross-price elasticity of Demand
When the cross-price elasticity of demand is positive then the demand for one good increases when the price of the other good goes up. This relationship between two products is known as a substitute.
Negative Cross-price elasticity of Demand
When the cross-price elasticity of demand is negative then the demand for one good decreases when the price of the other good goes up. This relationship between two products is known as complementary.
Hence, in the given question the relationship between soda and pretzels is complementary as the cross-price elasticity of demand is negative.
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4. Credit unions are for-profit organizations. True False
Answers
Answer:
False
Explanation:
Credit unions are not-for-profit organizations that exist to serve their members.
A rule that every imported product must be opened by hand and inspected with a magnifying glass, by one of just three government inspectors available at any given time might be referred to as __________________.
Answers
Answer:
non-tariff barrier
Explanation:
The non-tariff barrier refers to the barrier with respect to trade in which it restricts the import and export of goods and services with the help of methods that do not include the tariff imposed. It also excludes the custom tariff
As in the given situation, it is mentioned that one of the government inspectors inspected i.e available at the given period of time in case of imported goods
Therefore this situation represents the non-tariff barrier
what organization or program interests you the most?
Answers
Answer:
I love law :) what about you
I love math what do you like
Ps; sorry but may you please mark brainly im trying to level up
I want That user reported
Answers
Answer:
kk I'll report them! :)
Answer:
Ok I'll report him tho kdheineje
purchase goods worth rs 20000 from Shyam on credit and paid 50% in cash
Answers
Answer:
Purchases a/c dr 20000
To cash a/c 15000
To Ram's a/c 5000
5. If this person wanted to change his deductions so he could have more money for rent, which
taxes or deductions should he change? Explain why with a specific reason. Think about which
taxes affect or help you the most.
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If this person wants more money for rent, they could consider adjusting their deductions for housing-related expenses, such as mortgage interest.
One specific deduction they could change is the deduction for mortgage interest. By increasing their mortgage interest deduction, they could potentially lower their taxable income and reduce their overall tax liability. This would result in more disposable income that could be allocated towards rent.
The mortgage interest deduction allows taxpayers to deduct the interest paid on their mortgage loans. By increasing the amount of mortgage interest they can deduct, the person can potentially lower their taxable income and decrease the amount of taxes owed. This would free up more money that could be used to cover the cost of rent.
It's important to note that individual circumstances and tax laws vary, so it is advisable for this person to consult with a tax professional or accountant to fully understand their options and ensure compliance with tax regulations.
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You are sewing a hem on a sewing machine when you notice that the individual stitches are too tight. After you finish the hem, you tug on it to even out
the stitches, and the thread snaps. Which of these would be the BEST way to solve this problem?
O A.
OB.
O C.
O D.
Push the needle lower.
Raise the needle higher.
Reduce the tension.
Increase the tension.
set
Next
Answers
The best way to solve this sewing problem, is to Raise the needle higher.
Sewing:
Sewing refers the craft of fastening or attaching objects using stitches made with a sewing needle and thread. And it is one of the oldest of the textile arts, arising in the Paleolithic era.
Given,
Here we have the given situation, you are sewing a hem on a sewing machine when you notice that the individual stitches are too tight. After you finish the hem, you tug on it to even out the stitches, and the thread snaps.
Here we need to identify the best way to solve this problem.
In order to solve this problem, we have to carefully looking into the given situation,
Here they said that, you are sewing and there is a too tight stiches on the cloth.
Now, you have to tug on it to even out the stitches and the thread snaps.
So, the thing here we have to do is to raise the needle higher to release the thread.
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Prepare a comparative income statement for any company extracting their P&L statement for the years 2020-21 & 2021-22. Analyse the incline and decline in the different elements in the P&L Statement and provide detailed insights.
Answers
Answer:
this is my own answer
Explanation:
hi
How to Prepare a Comparative Income Statement?
Step 1: Specify absolute figures of items like goods sold, net sales, selling expenses, etc., relating to the accounting period under consideration for analysis.
Step 2: Calculate the absolute change in the items mentioned in the income statement.
the practice of introducing a new product on the market with high price then lowering over time is called
Answers
Answer:
price skimming
they lower the price because competitor enter the market and they want to give the best price
Sheaves, Inc., has sales of $50,000, costs of $23,000, depreciation expense of $2,250, and interest expense of $2,000.
Required:
If the tax rate is 23 percent, what is the operating cash flow, or OCF?
Answers
Answer:
$21,767.50
Explanation:
Computation table:
Particular Amount
Sales $50,000
Less: Costs $23,000
Less: Depreciation $2,250
EBIT $24,750
Less: Interest $2,000.
EBT $22,750
Less: Tax (23%) $5,232.50
Net Income $17,517.50
$24,750 + 2,250 -5,232.50
$21,767.50
BUS/475 I need the attachment done on Starbucks coffee company in APA format for citations and references please.
Now that you’ve identified the organization’s SWOT, you need to determine the project and its objectives and metrics. This project should be based on an unmet opportunity for the organization, or to minimize a potential threat. What does the organization need to do to advance its goals and/or expand its competitive advantage? How will you measure their progress?
Use the Balanced Scorecard Template to:
• Create at least 3 measurable project objectives for each quadrant of the scorecard based on your analysis.
• Determine targets, timelines, and metrics for each objective.
Explain the following in 350-525 words on the Balanced Score Card Template:
• Why these objectives are appropriate for the project.
• Why these metrics and timelines are appropriate for your strategic plan.
Note: Review your chosen organization in the Case Studies folder on the main course page in Blackboard.
Answers
dang i didnt know u were chill like dat
Suppose that you receive a weekly income of $100, which you spend entirely on pizza and deluxe hamburgers. The price of a pizza is $10 and the price of a hamburger is $5. On a diagram, draw a line that shows your consumption possibilities. What is the opportunity cost of a hamburger? Would the opportunity cost of a hamburger change if the prices of pizza and hamburgers were cut in half? Calculate the opportunity cost of a pizza and a hamburger for each of the following changes:
Answers
The opportunity cost of a hamburger is -1/2 of a pizza, and it remains the same even if the prices of pizza and hamburgers are cut in half.
To draw the consumption possibilities line, we can use a simple graph with pizzas (x-axis) and deluxe hamburgers (y-axis) as the two goods. Let's assume that the horizontal axis represents the quantity of pizzas and the vertical axis represents the quantity of deluxe hamburgers.
Given that the price of a pizza is $10 and the price of a hamburger is $5, we can plot the consumption possibilities by dividing the weekly income of $100 by the respective prices. This gives us the following points:
With $100, you can buy 10 pizzas ($100 / $10 = 10) and 20 deluxe hamburgers ($100 / $5 = 20). Plot this point on the graph as (10, 20).
Now, let's consider the opportunity cost.
The opportunity cost is the value of the next best alternative that is forgone when a choice is made. In this case, it represents the number of pizzas you have to give up to obtain an additional hamburger, or vice versa.
The opportunity cost of a hamburger can be calculated by finding the slope of the consumption possibilities line. The slope represents the rate at which one good is traded for the other. In this case, the slope is -10/20, which simplifies to -1/2. This means that for each additional hamburger, you have to give up 1/2 of a pizza.
If the prices of pizza and hamburgers were cut in half, the new prices would be $5 for a pizza and $2.50 for a hamburger. This change in prices would not affect the consumption possibilities line.
The line would remain the same, indicating the combinations of pizzas and hamburgers that can be purchased with the given income. However, the specific points on the line would change.
The opportunity cost of a hamburger would still be -1/2 of a pizza, as the ratio between the prices and the opportunity cost remain the same.
In summary:
Opportunity cost of a hamburger: -1/2 of a pizza
Opportunity cost of a pizza: 2 hamburgers (since the reciprocal of -1/2 is -2/1, meaning you would have to give up 2 hamburgers to obtain an additional pizza)
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In the homeowners policy example, personal property protection (Coverage C)
is of dwelling protection (Coverage A).
20 percent
50 percent
40 percent
30 percent
Answers
In the homeowner's policy example, personal property protection (Coverage C) is dwelling protection (Coverage A) Option B. 50 percent.
Personal property protection is a component of a homeowners insurance policy that provides coverage for damage to or loss of the policyholder's personal belongings. The coverage may apply to a variety of situations, such as theft or damage caused by a natural disaster or other perils specified in the policy. It is also known as Coverage C of a homeowner's policy.
Dwelling protection is Coverage A in a homeowners insurance policy. It provides coverage for damage to the policyholder's dwelling or home. Dwelling protection insurance policies protect the home's structure from natural disasters, fire, and other covered perils. The Relationship between Coverage C and Coverage AIn the homeowner's policy example, personal property protection (Coverage C) is of dwelling protection (Coverage A) 50 percent.
This implies that if the homeowner's policy covers $500,000 in dwelling protection, it would provide $250,000 in personal property protection. A minimum of 50% of the dwelling coverage is necessary to ensure adequate coverage for personal property protection.
In most instances, the percentage is 50 percent, although this may differ based on the specific policy. In conclusion, Coverage C, or personal property protection, is usually half of Coverage A, or dwelling protection, in homeowners insurance policies. Therefore, the correct option is B.
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In the homeowner's policy example, personal property protection (Coverage C) is of dwelling protection (Coverage A).
A. 20 percent
B. 50 percent
C. 40 percent
D. 30 percent
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You have researched your dream around-the-world vacation and determined that the total cost of the vacation will be $33,000. You feel you can earn an APR of 10.8 percent compounded monthly and plan to save $395 per month until you reach your goal. How many years will it be until you reach your goal and enjoy your well-deserved vacation
Answers
Answer:
Explanation:
What 22
Brooke needs a $6,000 personal loan.
Which loan option would require her to pay back the least amount of money?
A)24-month loan with an 8% annual simple interest rate
B)36-month loan with a 6% annual simple interest rate
C)60-month loan with a 4% annual simple interest rate
S) 72-month loan with a 2 annual simple interest rate

20 POINTS!!!!
Answers
Answer: The answer is D 72-month loan with a 2 annual simple interest rate
Explanation:
A) 24x480=11,500 is incorrect
B) 36x360=12,960 is incorrect
C) 60x240=14,400 is incorrect
D) 72x120=8,640 is correct
I hope I wasn't too late to help. ;)
The loan option that would require her to pay back the least amount of money is: D) 72-month loan with a 2 annual simple interest rate.
Loan optionBased on the information given the loan option that would require her to pay back the least amount of money is 72-month loan with a 2 annual simple interest rate reason being that amount she will paid will be least amount compare to other loan options.
Loan=72 months ×($6,000×2%)
Loan=72 months×$120
Loan =$8,640
Inconclusion the loan option that would require her to pay back the least amount of money is: D) 72-month loan with a 2 annual simple interest rate.
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Investment timing options
Companies often need to choose between making an investment now or waiting till the company can gather more relevant information about the potential project. This opportunity to wait before making the decision is called the investment timing option.
Newtown Propane Co. is considering a three-year project that will require an initial investment of $43,500. If market demand is strong, Newtown Propane Co. thinks that the project will generate cash flows of $28,000 per year. However, if market demand is weak, the company believes that the project will generate cash flows of only $1,500 per year. The company thinks that there is a 50% chance that demand will be strong and a 50% chance that demand will be weak.
If the company uses a project cost of capital of 14%, what will be the expected net present value (NPV) of this project?
-$7,868
-$11,107
-$8,793
-$9,256
Answers
-$9,256 will be the expected net present value (NPV) of this project. If the company uses a project cost of capital of 14%.
Expected cash flow per year = 0.50 * 28000 + 0.50 * 1500 = 14750
NPV of the project if started today
NPV = PV of all cash flow - investment
NPV = 14750 * PVIFA 14%, 3 YEARS - $43500
PVIFA 14%, 3 years = (1/r)*(1-(1/(1+r)ⁿ))
NPV = 14750 * 2.321632 - $43500
NPV = $-9256
NPV of the project if started after a year
NPV = PV of all cash flow - investment
NPV = [($28000 * PVIFA 14%, 2 years) - $43500] * 0.5 * PVIF 14%, 1 year
PVIFA 14%, 1 year
1/(1+r)ⁿ
NPV = [(($28000 * 1.646661) - $43500) * 0.5] * 0.877193
NPV = 1143
Value of option to delay = 10399
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5. Which of the following describes a business want?
a higher ROMI
increased profits
a new advertising campaign
decreased expenses
Answers
Answer:
so its increased profits
Which of the following are pre-award considerations that impact post-award subcontracting compliance management?
Answers
The options that are pre-award considerations that impact post-award subcontracting compliance management are:
1)Will advance notification and consent to subcontract be required?
3)Will the contract be set aside for one of the small business socioeconomic categories?
4)Will the contract include government property?
Why is subcontract management important?Subcontract management, when correctly implemented, encourages uniformity in the administration of subcontracts across functions, reduces risk to the business and contract, and can boost profitability.
The process of hiring and supervising subcontractors on behalf of a customer is known as subcontractor management. General contractors are accountable for this in construction.
Respect for the standards and guidelines established in a contract is referred to as contract compliance. This frequently entails periodic inspections of an existing contract to look for deviations and assess compliance with compliance rules and standards.
Therefore, The process of making sure people and operations at all levels of the business abide by rules, regulations, and specifications is known as compliance management. Governments, industry groups, regulatory agencies, and employee unions are just a few of the many organizations that set requirements.
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See full question below
Which the following are pre-award considerations that impact post-award subcontracting compliance management?) (Select three that apply)
1)Will advance notification and consent to subcontract be required?
2) Will the prime contractor be required to attend the post-award orientation conference?
3)Will the contract be set aside for one of the small business socioeconomic categories?
4)Will the contract include government property?
Blossom Company developed the following information about its inventories in applying the lower of cost or market (LCM) basis in valuing inventories: Product Cost Market A $135000 $142000 B 94000 90000 C 189000 191000 If Blossom applies the LCM basis, the value of the inventory reported on the balance sheet would be
Answers
Answer:
$414,000
Explanation:
Product Cost Market
A $135000 $142000
B $94000 $90000
C $189000 $191000
When a company uses the lower of cost or market rule in order to report their inventory level, they must calculate it based on which is lower, the purchase cost or the market value.
In this case, the company should report products A and C at cost (which are lower than market value), but it should report product B at market value because it's lower.
ending inventory = $135,000 + $90,000 + $189,000 = $414,000
What are the basics of consideration?
Answers
The basics of consideration include the following elements:
Legal SufficiencyBargained for exchange. What is consideration?Consideration is a promise to act, exchange, or do something which the law does not obligate but an agreement creates.
For something to be regarded as a consideration, it must have legal value and form part of the exchange contract.
Thus, a thing or action does not qualify as a consideration if it lacks legal value (legal sufficiency) or does not form part of the contract (bargained for exchange).
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Given a reserve requirement of 12.5%, a bank currently meets their reserve requirements with $15,000,000 in excess reserves. If the reserve requirement increases and the bank must hold an additional $1,800,000, by how many percentage points did the reserve requirement increase
Answers
Answer:
1.5%
Explanation:
Reserves is the total amount of a bank's deposit that is not given out as loans
Required reserves is the percentage of deposits required of banks to keep as reserves by the central bank
Excess reserves is the difference between reserves and required reserves
Total increase in reserve = $15,000,000 + $1,800,000= $16,800,000
New excess reserve = total increase in reserve x initial reserve requirement) / initial excess reserve
($16,800,000 x 12.5%) / $15,000,000 = 14%
Increase in reserve requirement = 14% - 12.5% = 1.5%
Suppose ABC Bank offers to lend you $1,000 at a nominal rate of 8%, compounded monthly. The loan (principal plus interest) must be repaid at the end of the year. Bank XYZ also offers to lend you the $1,000, but it will charge 9%, with interest due at the end of the year. What is the difference in the effective annual rates charged by the two banks?
Answers
Answer:
The difference in the effective annual rates charged by the two banks is:
0.7%.
Explanation:
a) Data and Calculations:
ABC Bank lending = $1,000
Rate of interest = 8% compounded monthly
Effective monthly rate of interest = 8%/12 = 0.667
FV (Future Value) $1,083.00
PV (Present Value) $1,000.00
N (Number of Periods) 12.000
I/Y (Interest Rate) 0.667%
PMT (Periodic Payment) $0.00
Starting Investment $1,000.00
Total Principal $1,000.00
Total Interest $83.00
Effective annual interest rate = $83/$1,000 * 100 = 8.3%
Bank XYZ lending = $1,000
Rate of interest = 9% annually
FV (Future Value) $1,090.00
PV (Present Value) $1,000.00
N (Number of Periods) 1.000
I/Y (Interest Rate) 9.000%
PMT (Periodic Payment) $0.00
Starting Investment $1,000.00
Total Principal $1,000.00
Total Interest $90.00
Effective annual interest = 9%
Difference in rates = 9% - 8.3% = 0.7%
b) Bank XYZ charges more interest by 0.7% thank ABC Bank.
Suppose the economy is in a recession. The economy needs to expand by at least $450 billion, and the marginal propensity to consume is 0.6.
What is the least amount the government can spend to overcome the $450 billion gap?
$
billion
Answers
When an economy is in a recession and produces less than its potential GDP, expansionary fiscal policy is most suitable. Through reductions in public expenditure or increases in taxation, fiscal policies that are in contractionary mode lower the amount of aggregate demand.
How does an economy get out of a recession?
What Happens When an Economy Comes Out of a Recession? After a period of market-based economic adjustment, economies emerge from recessions. Economic recovery is also aided by fiscal stimulus plans. Both the central bank and the government have an influence on the economy through their separate monetary and fiscal policies.
How does a recession unfold? Companies sell less during recessions, and economic growth slows down or stops altogether. Large percentages of personnel may need to be let go by organizations to save expenses, which will lead to widespread unemployment.
The 2008 financial crisis-related global recession and the Great Depression of the 1930s, respectively, are the most frequently cited examples of a recession and depression.
Learn more about recession:
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