to develop the ability to break a frame or machine down into subsystems and to determine the forces developed at internal pin connections. frames and machines are systems of pin-connected, multiforce members. frames are designed to support loads, whereas machines are designed to transmit or alter the effects of loads. for a frame or machine to be in equilibrium, each member of the frame or machine system must be in equilibrium. free-body diagrams of the overall system, as well as individual members, groups of members, and subsystems, must be drawn.
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In accordance with the attached diagram, since CB is a two force member, the two forces acting on it will be equal, opposite and in line.
What are frames and machines?The frame is made up of a number of stiff pieces, one of which must be a multi-force piece designed to serve as a load-bearing stationary structure. In order to perform mechanical work, a machine must convert one set of input loading forces into another set of output forces. A machine is a grouping of rigid elements that are intended to do this.
A minimum of one multi-force member must be included in frames, which are rigid, stationary constructions intended to support loads. Machines are flexible structures where the individual components can move in relation to one another. Cast iron, aluminum, stainless steel, brass, copper, and bronze are materials used to make machine frames.
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The complete question is attached below:
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Please answer the question...
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1) At the end of the financial year, Sigma Corporation should apply overhead cost of $2,944 to Job W.
2) The costs (direct materials, direct labor, and overhead applied to Job W should reported as Work or Job in Process, a current asset, in the financial statement of Sigma Corporation.
What is applied overhead?Applied overhead uses a fixed rate known as the predetermined overhead rate to charge a specific production job, good produced, or department within a company.
Manufacturing companies apply overhead costs to ensure that all costs associated with production are accounted for.
Overhead costs differ from direct materials and direct labor, which can easily be traced to the units of production.
Job Sheets:
Job V Job W
Direct materials $6,300 $3,600
Direct labor 8,000 4,600
Overhead applied 5,120 -
Predetermined overhead rate = Overhead applied/Direct labor = $5,120/$8,000 = $0.64
Overhead cost applied to Job W = $2,944 ($4,600 x $0.64)
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Tanya, a sales representative, is facing the hindrance stressor of trying to resolve a problem with an angry, hostile customer. During the meeting with the customer, Tanya is therefore likely to ___.
(a) be strongly motivated and perform well
(b) be poorly motivated and perform poorly
(c) develop symptoms of burnout
(d) not take the customer's dissatisfaction too seriously
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The correct answer is(b) be poorly motivated and perform poorly. The presence of a hindrance stressor, such as an angry customer, can lead to feelings of demotivation and frustration.
It is likely that Tanya will be poorly motivated and perform poorly during the meeting with the angry, hostile customer. These negative emotions can negatively impact an individual's performance and ability to effectively handle the situation. Additionally, Tanya may also experience symptoms of burnout as a result of dealing with a demanding and hostile customer, which can also negatively impact her performance. Burnout symptoms can include feelings of emotional exhaustion, depersonalization and reduced personal accomplishment. It is less likely that Tanya will not take the customer's dissatisfaction too seriously or be strongly motivated and perform well. The high level of stress and emotions involved in dealing with an angry customer can make it challenging for an individual to remain composed and focused on resolving the issue.
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Boston Beer Company case - Should Boston Beer attack the light beer market? If yes, why and how? If no, why and what should they do? - What is the specific contribution of each form of market research—taste tests, ZMETs, consumption data, etc.—to each of your recommendations? - How does Boston Beer get “heard” in such a noisy marketplace? - What could you have done at the start of the Field Study and what can you do now to ensure that you really help Boston Beer management?
Answers
Boston Beer Company should consider attacking the light beer market, as it is a large and growing segment of the beer market.
However, before making a decision, the company should conduct extensive market research to understand the preferences of light beer drinkers and to identify any potential barriers to entry.
How to explain the research?Taste tests can be used to gather feedback on potential light beer offerings and to identify any potential areas for improvement. ZMETs (Zaltman Metaphor Elicitation Technique) can be used to gain a deeper understanding of light beer drinkers' attitudes, values, and beliefs, which can help inform marketing and positioning strategies. Consumption data can be used to understand the market size, growth rate, and trends, as well as to identify any potential opportunities or threats.
To get "heard" in such a noisy marketplace, Boston Beer should focus on developing a clear and differentiated positioning for its light beer offering, and use targeted marketing and advertising to reach its target audience. The company should also consider partnering with influencers or other companies in the industry to increase its visibility and credibility.
To ensure that the research is helpful to Boston Beer management, it should be conducted in a way that is aligned with the company's goals and objectives, and that addresses key decision-making questions. Additionally, the findings should be presented in a clear and actionable format, and the research team should be available to answer any follow-up questions or provide additional support.
At the start of the Field Study, the research team could have met with Boston Beer management to understand their goals and objectives, and to develop a research plan that is tailored to their needs. Now, the team should work closely with management to ensure that the research findings are used to inform decision-making and that any recommended actions are implemented effectively.
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pursuant to the act, an employee who reports an employer for fraud against the government retains a share of the recovery as a reward for his or her efforts.
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False Claims. According to the False Claims Act, anyone who files a claim to the federal government that they know (or should know) is false is liable.
The False Claims Act forbids what?According to the Federal False Claims Act, it is illegal for a person or organization, like the Agency, to "knowingly" submit or cause to submit a false or fraudulent claim for payment or approval to the federal government, as well as to "knowingly" create, use, or cause to create a false record.
What are the three main sub-categories of cases under the False Claims Act?Fraudulent claims act cases can be filed in a variety of ways because it is rarely easy to recognize a false claim. However, in general, three key components are visible.
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Bailand Company purchased a building for $366,000 that had an estimated residual value of $16,000 and an estimated service life of 10 years. Bailand purchased the building 4 years ago and has used straight-line depreciation. At the beginning of the fifth year (before it records depreciation expense for the year), the following independent situations occur:
1. Bailand estimates that the asset has 8 years’ life remaining (for a total of 12 years).
2. Bailand changes to the sum-of-the-years’-digits method.
3. Bailand discovers that the estimated residual value has been ignored in the computation of depreciation expense.
Bailand estimates that the asset has 8 years’ life remaining (for a total of 12 years). Prepare the journal entry on December 31 to record depreciation in the fifth year after the change in estimate. Ignore income taxes
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Bailand estimates that the asset has 8 years' life remaining (for a total of 12 years).
What is depreciation expense?According to the accounting policy of the company, depreciation expenditure refers to the costs that are attributed to fixed assets depending on how much the assets are used up throughout the accounting period.Depreciation is not a present asset, as was already stated. It is not a fixed asset either. Depreciation is a method of accounting that is used to spread out the expense of a fixed asset over the course of its useful life and to record losses.The cost of periodic depreciation is equal to (Fair Value - Residual Value) / the asset's useful life. For instance, Company A spends $366,000 on a building that will be utilised for 10 years and has no residual value. The yearly depreciation expense, which is calculated by dividing366,000 /10 = 36600.
$16,000 /4 = 4000.
36600 + 4000 = 40600.
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gathering and are the fundamental principles on which research papers are based.
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Gathering and Justice are the fundamental principles, on which the research papers are based.
The fundamental principles can be taken into interpretation as the contents of the constitution that are available to all the citizens who are a forming part of that constitutional assembly. The research papers are essentially held, with the aspects of gathering and justice being included as the fundamental principles. Thus, it may be stated that the two principles mentioned above are among the most important ones.
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The essential tenets on which the study papers are built are Gathering and Justice.
The provisions of the constitution, which are open to all persons who are a part of that constitutional assembly, might be interpreted as the fundamental principles. The main concepts of the study papers are basically upheld, with the elements of collection and justice being incorporated. Therefore, it can be said that the two aforementioned concepts are among the most significant.
Using information about consumers' preferences and wants, a business might plan a strategy to attract more customers in the future (through advertising or creating more suitable products by using the information taken from the customers).
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a 15% return on a stock means that . 15% of the original purchase price of the stock returns to the seller at the end of the year 15% of the people who purchased the stock will see a return the stock is worth 15% more at the end of the year than at the beginning the stock has lost 15% of its value since it was originally sold
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A 15% return on a stock means that the stock is worth 15% more at the end of the year than at the beginning.
15% return on a stock means that the stock is worth 15% more at the end of the year than at the beginning, so the seller will receive 15% of the original purchase price of the stock back at the end of the year. This does not necessarily mean that 15% of the people who purchased the stock will see a return, as the stock may have lost value since it was originally sold. A return can be expressed negligibly as the change in dollar value of an investment over time. A return can also be expressed as a chance deduced from the rate of profit to investment. Returns can also be presented as net results (after freights, levies, and affectation) or gross returns that don't regard for anything but the price change. Return on investment, or ROI, is a generally used profitability rate that measures the quantum of return, or profit, an investment generates relative to its costs. ROI is expressed as a chance and is extremely useful in assessing individual investments or contending investment openings. Prudent investors know that a precise description of return is situational and dependent on the fiscal data input to measure it.
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joe and rachel are roommates. rachel takes 10 minutes to do the dishes, and joe takes 15 minutes to do the dishes. so, we know that rachel has a(n) advantage in washing dishes.
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Rachel and Joe share a space. While Joe requires 15 minutes to complete the dishes, Rachel just needs 10 minutes. Therefore, we are aware that Rachel is "absolutely" superior at doing the dishes.
Define the term absolute advantage?Absolute advantage seems to be the capacity of an individual, business, area, or nation to produce more of an item or service per time unit using the same amount of inputs than its rivals, or to reach the level of a commodity or service per time unit using less inputs.
Only when each producer seems to have an absolute advantage over the other in producing a particular good does absolute advantage result in clear profits from specialization and trade. Adam Smith's claim would not necessarily be true if a producer had any absolute advantages. However, if the producer and also its trading partners can instead specializing based on their unique comparative advantages, they may still be able to profit from trade.Rachel and Joe share a space. While Joe requires 15 minutes to complete the dishes, Rachel just needs 10 minutes.
Therefore, we are aware that Rachel is "absolutely" superior at doing the dishes.
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what are the two basic factors for selecting business?
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Answer:
The two basic factors are
Supply and Demand
2 factors for selecting business will be Market demand and Capital Finances.
Market Demand-
Research the market or the level of interest in your product or service.
Who are your customers? should be the first question you address. You might need to evaluate the demand for your product or service if you plan to offer it locally.
You may need to be familiar with international business laws and customs if you plan to engage in international business.
Capital Finances -
In current world, no firm can function without funding. You will be able to determine the amount of capital you will need to launch your business based on the sort of enterprise you are launching and the startup expenses you will be required to cover.
Whatever route you choose to finance your company, you must ensure that you have the necessary resources to see it through the early stages.
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Compute NOPAT
The income statement for TJX Companies follows.
THE TJX COMPANIES, INC.
Consolidated Statements of Income
Fiscal Year Ended ($ thousands)
February 2, 2019
Net sales $38,972,934
Cost of sales, including buying and occupancy costs 27,831,177
Selling, general and administrative expenses 6,923,564
Pension settlement charge 36,122
Interest expense, net 8,860
Income before provision for income taxes 4,173,211
Provision for income taxes 1,113,413
Net income $ 3,059,798
Assume that the combined federal and state statutory tax rate is 22%.
a. Compute NOPAT using the formula: NOPAT = Net income + NNE.
Round to the nearest whole number.
$Answer
b. Compute NOPAT using the formula: NOPAT = NOPBT − Tax on operating profit.
Round to the nearest whole number.
$Answer
Answers
Net income is the amount of accounting profit left over after all expenses have been paid. Sales revenue is subtracted from COGS, SG&A, depreciation and amortisation, interest expense, taxes, and any other expenses to arrive at net income.
What is Sales revenue?
According to generally accepted accounting principles (GAAP) and the most recent pronouncements by the Accounting Standards Codification and International Financial Reporting Standards that specifically addressed the rules for revenue recognition, sales revenue is recorded on the income statement for the month in which the good or service was delivered or fulfilled.
Consider the online retailer Roosevelt's Bears and Accessories, which sold 40 teddy bears for $25 each in June and received $1,000 in sales. However, in June, it only delivered 20 of them. Only those 20 bears' revenue can be recognised, so $500 in sales revenue was recognised for June, and the remaining $500 in unfulfilled orders was recorded as deferred revenue.
A and B compute NOPAT is given in the attachment ↓↓↓
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under normal circumstances, individuals or firms provide the things people want. which of the following are some ways in which circumstances might not be normal?
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Market failure, innovation, government intervention, and non-profit objectives
It is a state of affairs in which conflicting forces or acts are in balance. There are two types of these forces or actions: static (such when a body is subjected to forces with no consequences) and dynamic (as in a reversible chemical reaction if the reaction rates in both directions are equal. If you enjoy action movies or science fiction, Equilibrium will not let you down. It does everything it does really well. A turbocharged form of intellectual entertainment, Equilibrium combines style and substance. The following forms can be found in equilibrium: a tabletop with an open book on it. a vehicle moving at a constant speed. a chemical reaction where the forward and backward reactions occur at the same speeds. Although closely connected, innovation and invention are not the same thing. Innovation is more likely to entail the practical application of an invention to have a significant impact on a market or society, and not all innovations necessitate a new invention. When an issue of a technical or scientific character needs to be solved, technical innovation frequently takes the form of the engineering process. Exnovation is the antithesis of innovation.
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The plaintiff sued a police officer for false arrest. The police officer's defense was that, based on a description he heard over the police radio, he reasonably believed the plaintiff was an armed robber. A police radio dispatcher, reading from a note, had broadcast the description of an armed robber on which the police officer claims to have relied.
The defendant offers three item as evidence. First, the police officer's testimony relating the description he heard. Second, the police dispatcher's testimony relating the description he read over the radio. Third, the note containing the description the police dispatcher testifies he read over the radio.
Which of the items are admissible on the issue of what description the police officer heard?
CHOOSE FROM THE ANSWERS LISTED BELOW:
A. Only the police officer's testimony relating the description he heard.
B. Only the police officer's testimony relating the description he heard and the note containing the description the police dispatcher testifies he read over the radio.
C. Only the police dispatcher's testimony relating the description he read over the radio and the note containing the description the police dispatcher testifies he read over the radio.
D. All three items offered by the defendant.
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The correct answer is D. The major challenge at trial is to determine what the police officer heard over the police radio.
The note, the dispatcher's testimony, and the three pieces of evidence the defendant is attempting to introduce are all pertinent and admissible to that problem. The police officer can testify as to what he felt he heard. The radio readings made by the police dispatcher are admissible in court. To prove what the police officer heard, the note the police dispatcher read is acceptable. They are all relevant evidence that can help the fact-finder make decisions.
None of these forms should be regarded as b because they are not presented in order to prove the assertions made — namely, the identity of the armed robber — but rather to demonstrate how they affected the police officer who was listening. The police dispatcher's testimony is also not susceptible to exclusion under the best evidence criterion because it is not a document. None of these three pieces of evidence should be excluded from the evidence pool because they are all pertinent.
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Which of the following elements of a marketing plan outlines the marketing activities such as pricing, channels, and communications?
A) the situation analysis
B) the marketing strategy
C) the marketing tactics
D) the financial projections
E) the short-term targets
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The elements of a marketing plan outlines the marketing activities such as pricing, channels, and communications is the marketing tactics
What is meant by pricing?The process of estimating a product's or service's value is called pricing. Pricing establishes the price that a client must pay, but it may or may not be linked to the price that the company must pay to provide the good or service.The five marketing Ps—Product, Price, Promotion, Place, and People—serve as a framework for marketing initiatives and help keep marketers focused where they should be. Marketing strategy is an organization's promotional effort to distribute limited resources over a variety of platforms and channels in order to boost sales and establish sustained competitive advantage in its respective market.To influence certain marketing objectives, product research and development, price, distribution, promotion, packaging, and positioning are all strategically guided marketing methods. High-level principles called marketing techniques guide the development of content. Content formats are not strategies.
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Which of the following financial statements report(s) the financial position of a business over a period of time? (Check all that apply.)
Multiple select question.
Statement of retained earnings
Income statement
Statement of cash flows
Balance sheet
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A company's financial situation is enumerated on the balance sheet at a certain time. The company's financial success over a specific time period is represented in the income statement. For the purpose of providing correct information, it also contains assets, liabilities, and shareholder equity.
What is Balance sheet?An organization's financial balances are summarized on a balance sheet in financial accounting, whether the organisation is a sole proprietorship, business partnership, corporation, private limited company, or another type of institution like the government or a not-for-profit. An organization's assets, liabilities, and owner equity are listed on a balance sheet as of any given date. A balance sheet is usually created at the conclusion of predetermined periods (e.g., every quarter; annually). A balance sheet is made up of two columns. The left-hand column contains a list of the company's assets. You can get a brief overview of your company's financial status via a balance sheet.To learn more about Balance sheet, refer to:
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Yvonne bought a new computer and printer for college. The total cost was $2500, which she put on her new credit card that has an interest rate of 13% She makes a $75.00 monthly payment. How many months will it take to pay off the credit card balance?
Answers
You may use the following calculation to determine the number of months it will take to pay off the credit card balance:
Monthly payment / (Total cost + Total interest) / Number of months
How it is determined?The whole cost must be multiplied by the interest rate, represented as a decimal, in order to determine the total interest:
$2500 multiplied by 0.13 to equal the total interest of $325.
The entire amount due will then be determined by multiplying the total cost by the total interest:
$2500 plus $325 equals $2825 as the total amount due.
Lastly, divide the total due by the monthly payment.
Months = $2,825 / $75 = 37.67
To pay off the credit card bill, therefore, will take around 37 months.
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an airline needs to assign its crews to cover all its upcoming flights. we will focus on the problem of assigning three crews based in san francisco (sf) to the flights listed in
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We will focus on the problem of matching the flights listed in the first column of the following table with the three crews headquartered in San Francisco.
What follows is an example?
The book discusses the illness that followed and the decision to leave politics. The explosions must have occurred after we left because we weren't able to hear them.
You might be upset if you purchase a book for a friend only to learn later that she has already read it. derives from a Latin term that means "to follow" later and suggests "afterward." When referring to a subsequent event in time, the phrase "subsequently" is employed.
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which of the following is not a reason for the downward slide in the number of employees working for self-employed businesses?
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Because it may set itself apart from its rivals in a monopolistic competitive market, a corporation must contend with a downward-sloping demand curve. It .
What is the definition of a demand simple?
A consumer's willingness and desire to buy goods and services at a particular price is referred to as demand in economics. Demand typically declines when a good or service's price goes up.
The desire of a consumer to buy products and services immediately and to pay the associated price is known as demand. The quantity of things that consumers are prepared and willing to purchase at various prices within a specific time frame is referred to as demand.
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The circular flow model examines interactions between which sectors of the economy? Check all that apply.
[ ]private
[ ]government
[ ]financial
[ ]tech
[ ]foreign
Answers
The circular flow model examines interactions between the private and government sectors of the economy, as well as between households and businesses. It does not examine interactions between the financial, tech, or foreign sectors. The correct option are private and government.
The circular flow model is an economic framework that illustrates the flow of resources, goods, and services throughout an economy. The concept is also known as the circular flow of income because it tracks the financial flows between the various sectors to calculate a nation's national income or GDP.
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which of the following actions would be likely to reduce potential conflicts of interest between stockholders and managers?
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Option b is Correct. Restrictive covenants in loan agreements are a measure that is expected to lessen agency conflicts between managers and stockholders.
About stockholders:Since the shareholders do not want managers to involve significant debt in operation, which will increase the risk of default if liquidity is not maintained consistently, placing restrictive covenants in debt management would be more relevant to reduce the agency conflict between the shareholders and managers.
The fact that groups of people sharing one source of benefit or working in various functional divisions may have disputes over rewards or responsibilities is what agency conflicts pertain to. For instance, when it comes to the costs incurred by each department, the marketing and sales departments would have agency conflicts. also in a line of manufacture.
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Correct Question:
Which actions are likely to reduce agency conflicts between stockholders and managers?
a. Increasing the threat of corporate takeover.
b. Placing restrictive covenants in debt agreements.
c. Paying managers a large fixed salary.
A promotional plan should have documentable goals
Oso that someone can be hired to monitor them.
Obecause most people expect social media communication to be very direct.
O so that they can eliminate the need for a solid marketing plan.
Oso that specific employees can be held accountable for achieving them.
Answers
A promotional plan should have documentable goals B. because most people expect social media communication to be very direct.
What do marketing and promotion plans entail?Your marketing strategy outlines your overarching goals in terms of promotion, pricing, and target demography. The marketing plan includes the promotional strategy. In reality, your marketing strategy may have multiple promotional plans running concurrently, each with a set of quantifiable goals to measure success.
The promotional tactics that could be employed to accomplish the marketing goals are described in a promotion plan. A marketing strategy, which covers all forms of communication between the seller and potential customers, includes a promotional plan as just one element.
Therefore, option B is correct.
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TRUE OR FALSE the firm should take as few risks as possible.the firm must determine an appropriate trade-off between risk and return.the firm should earn the highest return possible.the firm should value future profits more highly than current profits.
Answers
Proper risk-return management means that the firm must determine an appropriate trade-off between risk and return.
What is Risk-Return Tradeoff?
The trading principle that connects high risk with high reward is known as the risk-return tradeoff. The right risk-return trade-off depends on a number of variables, including the investor's risk tolerance, the number of years till retirement, and the possibility of recovering lost cash. In order to create a portfolio with the right balance of risk and return, time is also crucial. In contrast, if an investor can only invest for a short period of time, the same stocks carry a higher risk of loss. For instance, if an investor has the ability to invest in equities over the long term, this gives the investor the potential to recover from the risks of bear markets and participate in bull markets.
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Which of the following statements regarding allowing employees choice in their pay mix is not true?A.A wide-range of choices is difficult to manageB.It provides an employer a clear competitive advantage
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It provides an employer clear competitive advantage regarding allowing the employees choice in their pay mix is not true.
What is competitive advantage?A company's ability to produce goods or services more efficiently or for less money than its competitors is referred to as having a "competitive edge." These elements allow the manufacturing unit to generate higher sales or profit margins when compared to its market rivals. Cost structures, branding, the quality of product offers, the distribution system, intellectual property, and customer service are just a few of the elements that are thought to help companies gain a competitive edge. A business and its shareholders may gain more from having a competitive edge due to particular advantages or circumstances. An organisation has a comparative advantage if it can create a good or service more quickly than its competitors, increasing profit margins.
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an office manager emails a technical support contractor about a new desktop for one of the workers. the office manager provides a specific configuration for the desktop. the technician notes the request will require the purchase of a new system. new system purchases are not in the scope of the support agreement. which of the following should the technician do next?
Answers
The technician should contact the office manager to discuss the request and explain why the purchase of a new system is not in the scope of the support agreement.
The technician should also provide the office manager with the necessary information to make the purchase, such as the specifications of the system and the cost. By doing this, the technician is ensuring that the office manager is aware of the situation and is able to make an informed decision.
The technician should also explain the benefits of the new system and how it will improve the worker's productivity. The technician should also provide the office manager with any other information they may need to make an informed decision, such as the estimated time it will take to install the system and any additional costs associated with the purchase.
Finally, the technician should provide the office manager with any other options they may have, such as leasing or renting the system, or purchasing a used system. By doing this, the technician is helping the office manager make an informed decision and ensuring that the purchase is within the scope of the support agreement.
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Which of the following are possible consequences of governments using bad economic ideas? (choose all that apply)
longer and worse recessions
large portions of the population dying from starvation due to mismanaged agricultural resources
health problems like heart attacks, depression, and alcohol abuse caused by financial stress
Answers
The concept is Economic ideas, the sum total of all the opinions and desires concerning economic subjects. It is option D, all of this.
During longer and worse recessions, large sections of the population are starving due to poorly managed agricultural resources, and health problems such as heart attacks, depression, and alcohol abuse due to financial strains.
An economic idea is a set of views that form the basis of an ideology about how an economy should work.
Four key economic concepts—scarcity, supply and demand, costs and benefits, and incentives—can help explain many of the choices people make.
The question should read:
What are the possible consequences of bad economic ideas from governments?
a) longer and worse recessions
b) large sections of the population are starving due to poorly managed agricultural resources
c) health problems such as heart attacks, depression, and alcohol abuse caused by financial stress
d) all of this
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which of the following represents the net income earned by a corporation and not yet paid to shareholders?
Answers
b) Retained earnings represents the net income earned by a corporation and not yet paid to shareholders.
A percentage of a company's profit that is held or retained from net income at the conclusion of a reporting period and stored for future use as shareholder equity is referred to as retained earnings.
Retained earnings are also an important component of shareholder equity in determining a company's book value. It is vital to understand that retained earnings are an accumulating balance on the balance sheet within shareholder's equity.
Retained earnings constitute part of a company's total book value after they are reported on the balance sheet. The retained earnings number on the balance sheet can fluctuate due to accumulation or utilization over many quarters or years.
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Complete question:
Which of the following represents the net income earned by a corporation and not yet paid to shareholders?
a. Paid-in capital
b. Retained earnings
c. Additional paid-in capital
d. Other comprehensive income
jamie is considering leaving her current job, which pays $75,000 per year, to start a new company that develops applications for smartphones. based on market research, she can sell about 50,000 units during the first year at a price of $4 per unit. with annual overhead costs and operating expenses amounting to $145,000, jamie expects a profit margin of 20 percent. this margin is 5 percent larger than that of her largest competitor, apps, inc. a. If Jamie decides to embark on her new venture, what will her accounting costs be during the first year of operation? Her implicit costs? Her opportunity costs?
Accounting costs: $
Implicit costs: $
Opportunity costs: $
b. Suppose that Jamie
Answers
Revenue needed to earn positive economic profits = at least $220,000 (more than opportunity cost).
What is an economic profit?Profit is defined in economics as the difference between an economic entity's total input cost and revenue from outputs. Total cost, which includes both explicit and implicit costs, is equal to total revenue minus total cost. A company's economic profit is determined by subtracting opportunity costs from the sales income before deducting explicit production expenses for its products and services. Opportunity costs are a form of implicit cost set by management that change depending on various events and viewpoints. Revenue less explicit costs minus opportunity costs can be used to determine an economic profit (or loss). All costs that are normally taken into consideration, such as labor costs, material costs, marketing costs, depreciation, and taxes, are referred to as explicit costs.Accounting costs = $145,000 (annual overhead costs and operating expenses)
Implicit cost = $75,000 (Value of Salary Given Up)
Opportunity cost = $220,000 (Accounting Costs + Implicit Costs)
Revenue needed to earn positive accounting profits = at least $145,000 (more than accounting costs).
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question 1 in the following spreadsheet, the column labels in row 1 are called what? a b c d 1 rank name population county 2 1 charlotte 885,708 mecklenburg 3 2 raleigh 474,069 wake (seat), durham 4 3 greensboro 296,710 guilford 5 4 durham 278,993 durham (seat), wake, orange 6 5 winston-salem 247,945 forsyth 7 6 fayetteville 211,657 cumberland 8 7 cary 170,282 wake, chatham 9 8 wilmington 123,784 new hanover 10 9 high point 112,791 guilford, randolph, davidson, forsyth 11 10 concord 96,341 cabarrus 1 point attributes characteristics criteria
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Spreadsheet, row 1's column headings are referred to as characteristics. A name/value pair is often used to encode the characteristic of an object or entity.
What is column label called in spreadsheet?A reference to the data in the column is made via the column labels in row 1 of the table. A column in a table is given a name by the attribute, which is a feature or quality of the data. The A1 reference style is Excel's default, which refers to rows as numbers and columns as letters (A through IV, for a total of 256 columns) (1 through 65,536).
Row and column headings are the names for these symbols. The most crucial columns in a table can be selected using row labels. Comparable to a title, row labels specify which columns are prominently shown for that table. Labels can be created using a column with an image and a column without an image.
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The row 1 column labels are attributes that make reference to the information in the column. An attribute is a feature or aspect of data that is used to identify a column in a table.
What is attributes in spreadsheets? Attributes in spreadsheets are pieces of information that are associated with each individual cell. Attributes can include font type, font size, text alignment, cell colors, formulas, functions, and more. Spreadsheets are typically used to organize data, and attributes are used to help make the data easier to read and interpret. For example, font size can be used to emphasize certain cells or data points, or cell colors can be used to create visual distinctions between different kinds of data. Attributes can also be used to make calculations or formulas easier to understand by providing further context. For example, a formula that calculates the sum of two columns can be made easier to understand by labeling the columns with their respective attributes. Attributes can also be used to create charts and graphs, allowing the data to be presented in an easier to interpret format. Ultimately, attributes provide a way to make spreadsheets more informative and user-friendly, allowing users to get the most out of the data contained within them.To learn more about attributes refer to:
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Foreigners' demand for which of the following drives the demand for U.S. currency in the foreign exchange market?
I. U.S. goods
II. U.S. services
III. U.S. financial assets
A. I only
B. II only
C. III only
D. I and II
E. I, II, and III
Answers
E. I, II, and III is the correct option.Foreigners' demand for U.S. goods, U.S. services and U.S. financial assets of the following drives the demand for U.S. currency in the foreign exchange market.
Foreign exchange market (also known as the FX market or fx market): institution for exchanging one country's currency for another. Due to the fact that trading between different currencies, such as the euro and the dollar, each represents a market, foreign exchange markets are actually made up of many different markets.
Hence the correct answer is E.
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Production Planning for Automobiles The Auto Company of America (ACA) produces four types of cars: subcompact, compact, intermediate, and luxury. ACA also produces trucks and vans. Vendor capacities limit total production capacity to at most 1,200,000 vehicles per year. Subcompacts and compacts are built together in a facility with a total annual capacity of 620,000 cars. Intermediate and luxury cars are produced in another facility with a capacity of 400,000, and the truck/van facility has a capacity of 275,000. ACA’s marketing strategy requires that subcompacts and compacts must constitute at least half of the product mix for the four-car types. Profit margins, market potential, and fuel efficiencies are summarized below.
Type Profit Margin ($/vehicle) Potential Sales (in 000s) Fuel Efficiency (MPG)
Subcompact 150 600 40
Compact 225 400 34
Intermediate 250 300 15
Luxury 500 225 12
Truck 400 325 20
Van 200 100 25
The Corporate Average Fuel Efficiency (CAFE) standards require an average fleet fuel efficiency of at least 27 MPG. ACA would like to use a linear programming model to understand the implications of government and corporate policies on its production plans.
(a) What is the optimal annual profit for ACA?
(b) How much would annual profit drop if the fuel efficiency requirement were raised to 28 MPG?
Answers
Assume that the number of subcompact, small, intermediate, luxury, truck, and van vehicles is a, b, c, d, e, f, and g, respectively.
How to find an Objective Function?Objective Function = Maximize (Total Profit)
Total Profit =150 a+225 b+250 c+500 d+400 e+200 f
Subject to constraint
Total Capacity: a+b+c+d+e+f<=1200000
Subcontract and Compact Capacity: a+b<=620000
Intermediate and Luxury capacity: c+d<=400000
Truck and Van Capacity: e+f<=275000
Marketing strategy: a+b>=(a+b+c+d)/2
a+b+c-d>=0
Average Fleet fuel economy: (40 a+34 b+15 c+12 d+20 e+25 f)/(a+b+c+d+e+f)>=27
40 a+34 b+15 c+12 d+20 e+25 f >=27.(a+b+c+d+e+f)
40 a+34 b+15 c+12 d+20 e+25 f-27.(a+b+c+d+e+f)
b). Fuel economy requirement = 28
With the exception of Average Fleet Fuel Economy, all other constraints and objective functions will be the same.
(40 a+34 b+15 c+12 d+20 e+25 f)/(a+b+c+d+e+f)>=28
40 a+34 b+15 c+12 d+20 e+25 f>=28.(a+b+c+d+e+f)
40 a+34 b+15 c+12 d+20 e+25 f-28.(a+b+c+d+e+f)>=0
Rerun the LP program with the new fuel economy restrictions.
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Managers cannot demand innovation, but they can create environments that are conducive to innovation. Which of the following actions would Marsalis recommend that managers take to spur innovation in organizations? Check all that apply
a. require employees to account for the time they spend in creative pursuits
b. have less experienced employees work with more experienced employees.
c. assing only inexperienced employees to problem requiring high levels of creativity
d. give creative people the opportunity to interact with one another
Answers
Managers cannot demand innovation, but they can create environments that are conducive to innovation b. have less experienced employees work with more experienced employees, and d. give creative people the opportunity to interact with one another.
Marsalis recommends that managers create an environment that is conducive to innovation by having less experienced employees work with more experienced employees, which can help to provide mentorship, support, and guidance. Additionally, he suggests that managers give creative people the opportunity to interact with one another, which can help to generate new ideas and foster collaboration.
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