The most profitable product for Nicholas, Inc. to manufacture based on unit data and contribution margin per unit of a scarce resource is Advanced Product.
What is a profitable product?A profitable product is one whose sales revenue covers the costs of production, selling, and administrative support.
A profitable product can be determined by determining the contribution margin per unit and dividing this by the units of a scarce resource that it consumes. The result is the contribution margin per unit of the scarce resource.
Thus, the product that yields the higher contribution margin per unit of a scarce resource is preferable to the rest.
Data and Calculations:Simple Product Advanced Product
Selling price $22.75 $55.00
Variable cost 10.00 34.50
Contribution margin per unit $12.75 $20.50
Pounds of scarce raw material per unit 35 35
Contribution margin per scare resource $0.364 $0.586
Thus, the most profitable product for Nicholas, Inc. to manufacture based on the given unit data and the contribution margin per unit of a scarce resource is the Advanced Product.
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What are the main goals of Fiscal Policy?
Answer:
In economics and political science fiscal policy is the use of government revenue collection and expenditure to influence a country's economy. The use of government revenue expenditures to influence macroeconomic variables developed in reaction to the Great Depression of the 1930s, when the previous laissez-faire approach to economic management became unworkable. Fiscal policy is based on the theories of the British economist John Maynard Keynes, whose Keynesian economics theorized that government changes in the levels of taxation and government spending influence aggregate demand and the level of economic activity. Fiscal and monetary policy are the key strategies used by a country's government and central bank to advance its economic objectives. The combination of these policies enables these authorities to target inflation and to increase employment. Additionally, it is designed to try to keep GDP growth at 2%–3% and the unemployment rate near the natural unemployment rate of 4%–5%.This implies that fiscal policy is used to stabilize the economy over the course of the business cycle.
Explanation:
hope this helps if not please let me know
The main goals of fiscal policy are it is the use of government spending and taxation to influence the economy. Governments typically use fiscal policy to promote strong and sustainable growth and reduce poverty.
What is fiscal policy?Fiscal policy is defined as the policy under which the government uses the instrument of taxation, public spending and public borrowing to achieve various objectives of economic policy. Simply put, it is the policy of government spending and taxation to achieve sustainable growth.
Fiscal policy is often contrasted with monetary policy which is regulated by the central bank. It is largely inspired by the ideas of British economist John Maynard Keynes whose theories were developed in the response to the Great Depression and were hugely influential in the formulation of the New Deal in the U.S. that aimed at huge spending for public projects and social welfare development.
When policymakers want to influence the economy, they mainly have two tools at their disposal, Monetary policy and Fiscal policy.
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What Type Of Packaging Are Cardboard Mailer Boxes In the USA?
2. Review EOH 2021 Integrated Report and explain in a few words if the strategy has been implemented and is working or not.
The EOH 2021 Integrated Report covers the area of EOH policies and programme in the area of social and economic development, and others.
What was the reporting of EOH 2021 about?The reporting of EOH 2021 was one that focused on:
SustainabilityDiversity and inclusion, Ethical culture Employee wellnessIn the workings of the business, the report stated that the company make sure that employees were assisted in one way or the other.
Conclusively, EOH was said to have complied with the key environmental, social and governance rules and regulations that is required for reporting as they were guided by Global Reporting Initiatives (‘GRI’) Standards.
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You find a zero coupon bond with a par value of $1,000 and 17 years to maturity. If the yield to maturity on this bond is 4.9 percent, what is the price of the bond
Answer:
$4,434.21
Explanation:
The entry to amortize a bond premium would include a __________ to __________.
a. debit; Premium on Bonds Payable
b. credit; Premium on Bonds Payable
c. debit; Interest Expense
d. debit; Cash
The entry to amortize a bond premium would include a debit to Premium on Bonds Payable.
Hope that helps!
Answer:
a. debit; Premium on Bonds Payable
Explanation:
Took Assignment
Provide an explanation of how his/her life will change economically, socially, and politically in a centrally planned economy.
Answer:spazz
Explanation:
spazz
Rachael works in a matrix organization, and although she found it confusing at first, she has seen the inherent opportunities. Instead of being promoted from biology head to research head, Rachael prefers a project career, with opportunities to serve in increasingly responsible and diverse project manager/project director positions. Fortunately, one of the strengths of a matrix organization is
The strengths of a matrix organization is more career choices on both sides of the organization.
What is a Matrix organization?This involves individuals reporting to more than one leader and the line of communication is usually unlimited and doesn't adhere to a singular line of command.
The roles are usually interchanged which is why she will benefit from the more career choices on both sides of the organization.
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What is the value proposition of Tata Nano?
Firm A is a profit-maximizing firm with a monopoly in the production of Good X. The firm sells its good for $10 each. We can conclude that Firm A is producing a level of output at which:
If the Firm A is having a monopoly in the production of X we can assume that the Firm A is producing at a level of output which is marginal cost equals marginal revenue.
What is a monopoly?This is a situation that exists in a market where there is a single producer or seller of a product. The monopolist has no competitors.
Due to this he enjoys unfair advantages and can set the price in the market to any level that he wants.
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Answer the following question using this order book: Order Book Example Buy Orders (Bids) Sell Orders (Asks) Amount Price Amount Price 63 $42.15 3 $42.16 36 $42.12 68 $42.22 112 $41.99 113 $42.25 3 $41.88 9 $42.44 What is the spread for this security after an investor submits a sell order for 185 shares at $41.87
The spread for this security after an investor submits a sell order for 185 shares at $41.87 is c.) $0.38.
What is the spread?The spread is the gap or difference between the bid and the ask prices of a security or asset, like a stock, bond, or commodity
The spread is commonly known as a bid-ask spread. This implies that while the investor is bidding to sell the security at $41.87, it could be sold for $42.25, giving a difference (spread) of $0.38 per share.
Data and Calculations:Buy Orders (Bids) Sell Orders (Asks)
Amount Price Amount Price
63 $42.15 3 $42.16
36 $42.12 68 $42.22
112 $41.99 113 $42.25
3 $41.88 9 $42.44
Spread at a ask price of $42.25 = $0.38 ($42.25 - $41.87)
Answer Options:a.) 0.01
b.) 0.29
c.) 0.38
d.) 0.17
Thus, the spread for this security after an investor submits a sell order for 185 shares at $41.87 is c.) $0.38.
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Which type of economy has a high birth and death rate because of lack of adequate health care?
A.
economies with a high standard of living
B.
emerging market economies
C.
developed economies
D.
developing economies
Answer:
D
Explanation:
Because they have a weak healthcare sector and it is possible that their population is malnourished.
Answer
emerging
Explanation:
due to the new way of thinking
The purchase of which of the following gives the buyer part ownership of a company?
A
stock
B
bond
C
futures contract
D
treasury bill
[tex]\qquad\qquad\huge\underline{{\sf Answer}}♨[/tex]
The Correct option is Stocks !
Stocks are part of net worth of a company, and person who owns stocks of a particular company gains part ownership of that company.
Answer:
A -- Stock
Explanation:
Say an investor buys stock they are buying a percentage of ownership in that company.
Hope this helps! Please let me know if you need more help or think my answer is incorrect. Brainliest would be MUCH appreciated. Have a wonderful day!
Suppose the government has determined that the socially optimal quantity of chemical pollution is 175 million tons per day. One way governments can charge firms for pollution rights is by imposing a per-unit tax on emissions. A tax (or price in this case) of $45 per ton of chemicals emitted will achieve the desired level of pollution. Now suppose the U.S. government does not know the demand curve for pollution and, therefore, cannot determine the optimal tax to achieve the desired level of pollution. Instead, it auctions off tradable pollution permits. Each permit entitles its owner to emit one ton of chemicals per day. To achieve the socially optimal quantity of pollution, the government auctions off 175 million pollution permits. Given this quantity of permits, the price for each permit in the market for pollution rights will be
Given this quantity of permits, the price for each permit in the market that the U.S government should charge for pollution rights will be $45 as this ensures the socially optimal quantity of pollution, which could have been imposed as a tax.
What are pollution rights?Pollution rights are the rights given to firms in an economy to buy and sell government-issued licenses or permits.
Pollution rights or permits grant the holders the right to create and release a certain amount of pollution that achieves the socially optimal quantity.
Thus, given the number of permits, the price for each permit in the market that the U.S government should charge for pollution rights will be $45.
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Viral Marketing, Inc. reported last year's cost of goods sold of $120 million. Total assets increased by $50 million during the year, including an decrease of $10 million in inventory. Total liabilities increased by $60 million during the year, including an increase of $7 million in accounts payable. How much cash did the firm pay to suppliers
7million In all accounts
Which budget items (costs) would you include and exclude in your training budget?
Some of the items that should be included in a budget includes:
Groceries.Housing.Basic utilities.Transportation.Insurance, etc.What is a Budget?This refers to the use of financial planning to make provisions for finance and income.
Hence, we can see that budget is made with the aim of making sound financial decisions that would keep one out of insolvency and extreme debt.
Please note that your question is incomplete so I gave you a general overview to help you get a better understanding of the concept.
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If you were opening a savings account with compound interest, would you prefer an account that offers annual compounding, quarterly compounding, or daily compounding? Why? (3-6 sentences. 2.0 points)
Answer:it is B
Explanation:its the mosr resonable
why is it difficult for firm to sustain competitive advantage?
Answer:There are four basic reasons why maintaining a competitive edge has become so difficult: lack of differentiation. well informed buyers in the marketplace. the rise of different types of competition.
Explanation:
ur welcome
What do you think would be the most challenging part of working in advertising?Explain.
Answer:
coming up with ideas
Explanation:
I think so
Answer:
Choosing the Right TalentDesign agencies and service-based businesses sell the ‘hard work’ of their talented professionals. The agencies make arbitrage on talent by charging a markup on the time consumed by the designers.
Retaining Quality TalentIt is essential to open your borders and not limit the applicants just to your geographical area. The upside is that you get access to a bigger pool of applicants. There could be many challenges, which come with the chore of managing remote workers, but these challenges might be worth the trouble.
What Makes Your Agency Stand Out?The model of creative agency usually has a poor barrier to entry. It might be easier for a group of people to get together and portray themselves as an ‘agency’.
Client ServicingCreative agencies overlook the type of processes they are used to while managing projects. Though they don’t want to think in terms of structure, the result is that they end up with little processes. The inability to effectively manage projects can negatively impact an agency’s progress
Lead GenerationThe first step in lead generation is to turn to clients who are fit for your agency. To confirm the same, you will have to start doing some research to find out who your targets are. Interview the best clients that you have already, and make a rough sketch of their background and goals.
The town of Newton, Iowa, has a population of only 15,800, with 4,000 employed by the Maytag manufacturing plant located there. This situation would be an example of Choose one: A. a monopoly. B. derived demand. C. a monopsony. D. economic rent.
Based on the situation in the town of Newton, we can refer to this as an example of a C. Monopsony.
What is a Monopsony?This refers to an economic situation where there is only one buyer for the goods and services being supplied.
The situation in Newton is a monopsony because Maytag Manufacturing seems to be the only or at the very least, the major buyer of the town's labor.
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Division ABC has $750,000 in average assets and $200,000 in income. Division XYZ has $800,000 in average assets and $210,000 in income. The company's target rate is 10%. Which division has the highest residual income
If Division XYZ has $800,000 in average assets and $210,000 in income. The division that has the highest residual income is: Division XYZ.
Residual income
Calculation for ABC Residual income
Residual income=$200,000-(0.10×$750,000)
Residual income=$200,000-$75,000
Residual income=$125,000
Calculation for XYZ Residual income
Residual income=$210,000 -(0.10×$80,000)
Residual income=$210,000-$80,000
Residual income=$130,000
Inconclusion the division that has the highest residual income is:Division XYZ.
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Respond by (1) Identifying the type of syllogism below (Categorical, Disjunctive, Conditional) and (2) explain, in your own words, why the structure of the syllogism may be correct, but the conclusion could be false.
Major Premise: If the sidewalk is wet, then it must have just rained.
Minor Premise: The sidewalk is wet.
Conclusion: Therefore, it just rained.
The syllogism used is conditional, that is, it occurs through deductive reasoning, because if the minor premise is true, the minor premise will also be true.
What is Conditional syllogism?It is a type of syllogism widely used in everyday life, but the conclusion is not always true, because despite having two true premises, the conclusion can be false, because the argumentation is not always valid, as it does not directly represent the premises.
Therefore, despite being syllogisms that follow the pattern of "If" and "then" to express a logic, the conclusion will not always be true, as this type of syllogism can also be hypothetical.
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Dividends
Question 3 Attached
What could happen if an employee goes against what the business needs
Answer:
she must be fire
Explanation:
because he or she brakes the law
If $1,000 was deposited today at a rate of 15%, its future value in one year would be
$1,000.
$1,150.
$1,500.
$850.
Answer:
$1,150.
Explanation:
First, we find what that 15% is by setting an equation:
[tex]\frac{15}{100} \times \frac{1000}{1}[/tex]
This gives us: $150
Now, we just add that to the deposited money.
$1000 + $150 = $1,150
Hope this helps!
If profits are negative in a monopolistically competitive market, then: the industry will stop production. new firms will enter the market until economic profits are zero. firms will exit the market until economic profit returns to the optimal positive level. firms will exit the market until economic profit returns to zero
Profits are negative in a monopolistically competitive market, the new firms will enter the market until economic profits are zero.
What is competitive market?Competitive market is a market that involves many sellers and producer that are competing with one another.
They compete to provide goods and services
Therefore, profits are negative in a monopolistically competitive market new firms will enter the market until economic profits are zero.
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• What are the most valuable resources within a team?
Answer:
Intelligence and will-power.
Explanation:
Most might say that leadership and bravery. Although, if you bring a group of people who are intelligent in the business and are ready to dedicate themselves, you can get a lot done, and maybe even have a successful business within a few months/weeks.
This might sound a little weird, but money is also a very needed characteristic within a team. If you are making something big, and you believe in it, you need money for assistance with assets and other things.
I'm sorry if I misunderstood the question, that's my fault. I just found this question very interesting and I think it would've been nice to answer.
Please describe what is wrong with
this statement: Our technical support
team is available 24/7 Monday
through Friday.
The problem that is wrong here is that the team are said to be available 24/7, yet the days mentioned are from monday to friday. That is 5 days.
How is this wrong in the statement.When the 24/7 term is used, it refers to the fact that a team would be available from monday through sunday.
The complete days of the week would be occupied by the team. It is a contradiction to use 24/7 and monday through friday together.
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it is used to market the product that the business is selling?
Answer:
The four Ps of marketing are the key factors that are involved in the marketing of a good or service. They are the product, price, place, and promotion of a good or service. Often referred to as the marketing mix, the four Ps are constrained by internal and external factors in the overall business environment, and they interact significantly with one another.
The 4 Ps are used by companies to identify some key factors for their business, including what consumers want from them, how their product or service meets or fails to meet those needs, how their product or service is perceived in the world, how they stand out from their competitors, and how they interact with their customers.
KEY TAKEAWAYS
The four Ps are the four essential factors involved in marketing a good or service to the public.
These are the four Ps: the product (the good or service), the price (what the consumer pays), the place (the location where a product is marketed), and promotion (the advertising).
The concept of the four Ps has been around since the 1950s; as the marketing industry has evolved, the concepts of people, process, and physical evidence have become important components of marketing a product, too.
The budgeted selling price per unit is $60. Budgeted unit sales for June, July, August, and September are 8,000, 11,000, 13,000, and 14,000 units, respectively. All sales are on credit. Thirty percent of credit sales are collected in the month of the sale and 70% in the following month. The ending finished goods inventory equals 25% of the following month’s unit sales. The ending raw materials inventory equals 10% of the following month’s raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $2.20 per pound. Twenty percent of raw materials purchases are paid for in the month of purchase and 80% in the following month. The direct labor wage rate is $12 per hour. Each unit of finished goods requires two direct labor-hours. The variable selling and administrative expense per unit sold is $1.20. The fixed selling and administrative expense per month is $61,000.
5. If 66,250 pounds of raw materials are needed to meet production in August, how many pounds of raw materials should be purchased in July?
6. If 66,250 pounds of raw materials are needed to meet production in August, what is the estimated cost of raw materials purchases for July?
7. In July what are the total estimated cash disbursements for raw materials purchases? Assume the cost of raw material purchases in June is $99,275; and 66,250 pounds of raw materials are needed to meet production in August.
8. If 66,250 pounds of raw materials are needed to meet production in August, what is the estimated accounts payable balance at the end of July?
9. If 66,250 pounds of raw materials are needed to meet production in August, what is the estimated raw materials inventory balance at the end of July?
10. What is the total estimated direct labor cost for July?
11. If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $7 per direct labor-hour, what is the estimated unit product cost? (Round your answer to 2 decimal places.)
12. If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $7 per direct labor-hour, what is the estimated finished goods inventory balance at the end of July?
13. If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $7 per direct labor-hour, what is the estimated cost of goods sold and gross margin for July?
14.What is the estimated total selling and administrative expense for July?
15. If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $7 per direct labor-hour, what is the estimated net operating income for July?
5. If 66,250 pounds of raw materials are needed to meet production in August, the pounds of raw materials purchased in July is 58,375 pounds.
6. If 66,250 pounds of raw materials are needed to meet production in August, the estimated cost of raw materials purchases for July is $128,425.
7. In July, the total estimated cash disbursements for raw materials purchases is $105,105.
8. If 66,250 pounds of raw materials are needed to meet production in August, the estimated accounts payable balance at the end of July is $102,740 ($128,425 x 80%).
9. If 66,250 pounds of raw materials are needed to meet production in August, the estimated raw materials inventory balance at the end of July is 6,625 pounds.
10. The total estimated direct labor cost for July is $276,000.
11. If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $7 per direct labor hour, the estimated unit product cost? (Round your answer to 2 decimal places.)
Cost of raw materials per unit = $11 (5 x $2.20)
The estimated unit product cost under the above scenario is $18 ($11 +$7).
12. If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $7 per direct labor hour, the estimated finished goods inventory balance at the end of July is $58,500 (3,250 x $18).
13. If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $7 per direct labor hour, the estimated cost of goods sold and gross margin for July are as follows:
Estimated cost of goods sold = $198,000 (11,000 x $18)
Gross margin = $462,000 ($660,000 - $198,000)
14. The estimated total selling and administrative expense for July is $74,200 ($13,200 + $61,000).
15. If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $7 per direct labor hour, the estimated net operating income for July is $387,800 ($462,000 - $74,200).
Data and Calculations:Budgeted selling price per unit = $60
Sales Revenue Budget:June July August September
Budgeted unit sales 8,000 11,000 13,000 14,000
Budgeted sales revenue $480,000 $660,000 $780,000 $840,000
Cash Collections:30% month of sale $144,000 $198,000 $234,000 $252,000
70% following month 336,000 462,000 546,000
Production Budget:June July August September
Budgeted unit sales 8,000 11,000 13,000 14,000
Ending inventory (25%) 2,750 3,250 3,500
Units available for sale 10,750 14,250 16,500
Beginning inventory 2,000 2,750 3,250 3,500
Production units 8,750 11,500 13,250
Materials Purchase Budget:June July August
Production units 8,750 11,500 13,250
Materials requirements 43,750 57,500 66,250 (13,250x5)
Ending inventory 5,750 6,625
Production materials available 49,500 64,125
Beginning inventory 4,375 5,750 6,625
Purchase of materials 45,125 58,375
Purchase costs $99,275 $128,425
Payment for Purchase of Materials:20%, month of purchase $19,855 $25,685
80% following month $79,420
Cash disbursements $105,105
Direct Labor Budget:June July August
Production units 8,750 11,500 13,250
Direct labor-hours required 17,500 23,000 26,500
Direct labor costs ($12/hr.) $210,000 $276,000 $318,000
Budgeted unit sales 8,000 11,000 13,000
Overhead Budget:Variable selling and
administrative expense $9,600 $13,200 $15,600
Fixed selling and admin. exp. 61,000 61,000 61,000
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what is value laden exchange?
Answer:
A value exchange is a description of a transaction which can include, but may not necessarily be, financial in nature. Examples of a value exchange between a brand and a customer can include: The trading of money for goods or services (a straightforward financial transaction)
Explanation: