Answer:
The map misrepresents the scale of orange production in the United States, because even in the U.S. is an important orange producer, the map conveys the idea that the U.S. as a whole is a producer, when it only produces oranges in a few states, with almost the entirety of the production being located in Florida.
A more accurate map would clarify this in a textbox or a note, or would have the state of Florida colored in a way that highlights that the production of oranges in the U.S. comes almost exclusively from this state.
Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout South East Asia. Three cubic centimeters (cc) of solvent H300 are required to manufacture each unit of Supermix, one of the company’s products. The company is planning its raw materials needs for the third quarter, the quarter in which peak sales of Supermix occur. To keep production and sales moving smoothly, the company has the following inventory requirements: The finished goods inventory on hand at the end of each month must equal 2,000 units of Supermix plus 25% of the next month’s sales. The finished goods inventory on June 30 is budgeted to be 14,250 units. The raw materials inventory on hand at the end of each month must equal one-half of the following month’s production needs for raw materials. The raw materials inventory on June 30 is budgeted to be 75,375 cc of solvent H300. The company maintains no work in process inventories. A monthly sales budget for Supermix for the third and fourth quarters of the year follows. Budgeted Unit Sales July 49,000 August 54,000 September 64,000 October 44,000 November 34,000 December 24,000 Required: 1. Prepare a production budget for Supermix for the months July, August, September, and October. 3. Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and for the quarter in total.
A product whose EOQ is 40 units experiences a decrease in ordering cost from $90 per order to $10 per order. The revised EOQ is: three times as large. one-third as large. nine times as large. one-ninth as large. cannot be determined
Answer: three times as large
Explanation:
Economic order quantity will be calculated as follows:
EOQ = ✓(2DS/H)
D = Demand in units
Here S = Ordering cost = $10
H = Holding cost
Since S = $10
Therefore, EOQ will be:
= ✓(2DS/H)
= ✓(2 × 10 × D/ H)
= ✓(20D/H)
Since we're to increase the order cost from $10 per order to $90 per order, then EOQ will be:
Since S = $90
Therefore, EOQ will be:
= ✓(2DS/H)
= ✓(2 × 90 × D/ H)
= ✓(180D/H)
3✓20DH
The revised EOQ will then be 3 times as large.
ou invent of a new type of dog leash. You choose a market segmentation approach and decide to target the large national population of dog owners. After reviewing what identifies an ideal market you realize your segmentation approach does not meet any of the effective segmentation conditions. At this point you should:
Answer: refine your approach by going back to the drawing board
Explanation:
Based on the information given, since after reviewing what identifies an ideal market, it's realize that the segmentation approach does not meet any of the effective segmentation conditions, then one should refine their approach by going back to the drawing board.
When this is done, one can then restrategize and then choose a segmentation approach that meets the effective segmentation conditions.
In the previous year, a company had revenues of $500,000, project overhead of $40,000 and company overhead of $75,000. The company expects the percentage for project and company overhead to remain the same for the current year. The company desires to make a 10% profit on a project it is bidding. The project would have $80,000 in direct costs. What should the bid price be
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For 2019, Skresso Co. reported $1.82 of earnings per share of common stock. During 2020, the firm had a 4% common stock dividend. The 2019 earnings per share to be reported in the annual report for 2020 are:
Answer:
$1.75
Explanation:
Earnings per share to be reported = Earnings per share of commo stock * (1 - 4%)
Earnings per share to be reported = $1.82 * 96%
Earnings per share to be reported = $1.7472
Earnings per share to be reported = $1.75
So, the 2019 earnings per share to be reported in the annual report for 2020 are $1.75.
Which of the following does NOT describe the front-end business practices of firms that respect the strategic roles of purchasing?
a. Product development is regarded as a front-end business practice.
b. Creativity does not require discipline.
c. Marketing in general is regarded as a front-end business practice.
d. High level of uncertainty is about the fact that people have to make important decisions and although they do not have all the relevant information they need.
e. Front-end business practices are discovery-driven in that they explore and create from what they do not know about.
Answer:
b. Creativity does not require discipline.
Explanation:
Front end business practice is the strategy to develop and progress business activities from customer perspective. It focusses on customer demand and then products are customized according to customer needs. Marketing efforts are placed to inform customers about the different features of the product.
Why do cell phone service providing firms often charge higher price to pre-paid clients than those on contract?
Answer:
Contract customer ensures a regular income as compared to the pre paid users and hence cell phone service provider prefer to hold these customers by lowering their services rates
Explanation:
Prepaid phone call rates are higher than the call rates of contract phone services because the contract services ensures a minimum of certain amount per month. Along with that the service provider charges an activation charge prior to providing contract services hence they make the call rates and rates of other services like internet low for contract customers.
Define Total Quality Management. Explain how important of TQM in a coffee store chain and provide examples.
Answer:
Total quality management (TQM) is an ongoing process for manufacturing errors to be detected and minimized or eliminated, the management of the supply chain is simplified, customer experience improved and training for employees is up to date.
Explanation:
The overall quality management aims to ensure the overall quality of the final product or service is accountable to all the parties involved in the production process.
Comprehensive quality management is a continuous detection and eradication process. Total quality management (TQM).
It is used for streamlining supply chain management, improving customer service, and providing training for employees.
The goal is to improve the quality of the products and services of an organization by continuously improving internal practices.
Total quality management is intended to make all involved parties responsible for the overall quality of the final product or service in the manufacturing process.
TQM approach requires small companies to understand (and are) their existing customers, to recognize and keep these expectations at the forefront of their strategy and processes. TQM approach This principle should also apply to internal customers who treat employees like customers and meet their demands.
Total quality management refers to a long-term management approach which pursue success through customer satisfaction.
The quality management aims to ensure the overall quality of the final product is accountable to all the parties involved in the production process.
The goal of the total quality management is to improve the quality of the products and services of an organization by continuously improving internal practices.
Finally, the total quality management is important in a store chain because it improve customer satisfaction through customer focus process and consistently meeting of customer expectations.
Read more about total quality management
brainly.com/question/7498492
a. Fiscal Policy involves changing ___________.
b. In the United States, Fiscal Policy is implemented by the _________ .
b. _____________ can be used to address a Recessionary Gap by ______________ taxes and ________________ government purchases.
c. Meanwhile, ______________ can be used to address an Inflationary Gap by ______________ taxes and ___________ government purchases.
Answer:
This answer is found in . I've seen it. The whole thing
The following are the Consumer Price Index (CPI) for the years 1991-1993. All of the values use a reference year of 1986.
Year CPI
1991 110
1992 120
1993 135
Which of the following is true about the CPI, based on the information?
a. $100 in 1986 would be equivalent to $135 in 1993.
b. $100 in 1992 would have been worth $100 in 1986.
c. $100 in 1991 would have been worth $110 in 1986.
d. $100 in 1993 would be equivalent to $120 in 1992.
Answer:
1986 is the base year. so, the CPI of the base year is always 100%.
Option A
The value of $100 in 1993 would be = ($100/CPI of 1986) * CPI of 1993
= ($100/100) * 135
= $135
So, Option A is true.
Option B
$100 in 1992 would have been worth in 1986: ($100/CPI of 1992) * CPI of 1986
= ($100/120) * 100
= $83.33
So, Option B is false.
Option C
$100 in 1991 would have been worth in 1986: ($100/CPI of 1991) * CPI of 1986
= ($100/110) * 100
= $90.91
So, Option C is false.
Option D
The value of $100 in 1992 would be: ($100/CPI of 1993) * CPI of 1992
= ($100/135 * 120
= $88.89
So, Option D is false.
On January 1, 2020 (the date of grant), Ayayai Corporation issues 1,900 shares of restricted stock to its executives. The fair value of these shares is $45,000, and their par value is $9,500. The stock is forfeited if the executives do not complete 3 years of employment with the company.
Prepare journal entries for January 1, 2014, and on December 31, 2014, assuming the service period is 3 years.
Answer and Explanation:
The journal entries are shown below:
On Jan 1, 2014
Unearned compensation Dr. $45,000
To paid in capital in excess of par $35,500
To common stock $9,500
(Being the unearned compensation is recorded)
On Dec 31,2014
Compensation expense Dr. $15,000 ($45,000 ÷ 3 years)
To unearned compensation $15,000
(Being one year compensation became due is recorded)
In which basic market would stoves be traded?
the labor market
the money market
the goods and services market
the capital market
Answer:
the labor marketExplanation:
#carry on learningSelect the correct answer.
Which option will help you add visual effects to your presentation when you move from one slide to another?
OA.
slide background
OB.
slide master
Ос.
slide theme
OD.
slide transition
Answer:D. Slide transition
Explanation:
Assume that you finance a new car when you graduate. It will cost $120,000 and you will finance it with a 84 month contract having a nominal rate of 9.20% Compute the monthly payment to the second decimal place.
Answer: $1942.89
Explanation:
Since the car will cost $120,000 and it will be financed with a 84 month contract having a nominal rate of 9.20%, then the monthly payment will be:
= PMT(9.2%/12, 84, -120000)
This will be slotted into the Excel calculator and the answer gotten will be $1942.89
Therefore, the monthly payment will be $1942.89.
Design a spreadsheet to compute the dollar amount in each of the next 10 years of an initial investment returning a constant annual interest rate. Interest is reinvested each year so that the amount returning interest grows. What is the dollar amount 6 years from now of $400 invested at 8% annual interest
Answer:
The dollar amount 6 years from now of $400 invested at 8% annual interest is $634.75.
Explanation:
Note: See the attached excel file for the designed spreadsheet showing the computation of the ending balance or the dollar amount in each of the next 10 years.
In the attached excel file, we have:
Amount invested = Beginning balance in Year 1 = $400
Interest amount in each Year = Beginning balance in each Year * Constant annual interest rate of 8%
Beginning balance in each Year = Last Year's ending balance
Ending balance in each Year = Beginning balance in each Year + Interest amount in each Year
From the attached excel, the Ending balance in Year 6 of $634.75 (in bold red color) is the the dollar amount 6 years from now of $400 invested at 8% annual interest.
Therefore, the dollar amount 6 years from now of $400 invested at 8% annual interest is $634.75.
KJ Pharma issues new bonds to fund an acquisition. The face value of the bond is $100 and annual coupon is 6.5%. Further, this bond matures in 20 years and is issued at a price of $105. Assuming KJ Pharma's tax rate is 30%, what is its After-Tax Cost of Debt
Answer:
4.24%
Explanation:
The computation of the after tax cost of debt is given below:
But before that we have to determine the before tax of debt by using RATE formula
Given that
Future value be $100
Present value be $105
PMT is $100 × 6.5% = $6.5
NPER is 20
The formula is
=RATE(NPER,PMT,-PV,FV,TYPE)
After applying the above formula, the before tax cost of debt is 6.06%
Now the after tax cost of debt is
= 6.06% × (1 - 0.30)
= 4.24%
Calvin works in the accounting department for a textbook publishing firm preparing budgets and reporting production costs. What job does Calvin hold
Answer:
The answer is "managerial accountant".
Explanation:
The economic circumstances collect and earned value collection of data, evaluating and presenting financial information for the organization or the management team of the company. These statistics will then be used to make sensible financial decisions that really can benefit the overall growth of the organization.
Managers were employing company and organizational accounts to monitor internal financial processes, revenue, spending, and budget, submit reports, determine past trends and forecast future needs, and aid economic decisions.
examine the value of interactive leadership in the public sector and demonstrate its capacity to empower the followers
The correct answer to this open question is the following.
The value of interactive leadership in the public sector can be seen in the efficiency and effectiveness of the work done by the cabinet of the executive branch. Many different departments and public offices are managed using interactive leadership, informing employers of what needs to be done and the reason why.
Interactive leadership has the capacity to empower employers because it maintains open lines of communication, informing about key activities that need to be done, clarifying goals, establishing strategies, and facilitating the tools to perform and be effective.
The public sector is comprised of what is known as the bureaucracy, and in order to coordinate and lead this public sector, leaders have to properly interact with employers. These employers can openly and honestly express their concerns and opinions to the leader, who takes into consideration this input. The great advantage of using interacting leadership is that people know what is expected of them.
Data concerning three of the activity cost pools of Pembrooke LLC, a legal firm, have been provided below: Activity cost pools Total activity Total cost Research legal issues 680 research hours $29,920 Meet with clients 5,324 meeting hours $665,500 Preparing documents 6,490 documents $116,820 What is the activity rate for the "research legal issues" activity cost pool?
Answer and Explanation:
The calculation of the activity rate for the "research legal issues" activity cost pool is given below:
= Total research legal issued cost ÷ total activity
= $29,920 ÷ 680
= $44
hence, the activity rate for the "research legal issues" activity cost pool is $44
The same should be considered and relevant
Once account numbers have been enabled, where can the numbers be assigned and edited?
Answer: Chart of Accounts
Explanation:
Once account numbers have been enabled, the numbers be assigned and edited in the chart of accounts.
To assign the account numbers, one needs to go to the accounting menu and then the chart of accounts will be selected. After that, one will select batch edit which can be seen in the action menu and add the account numbers after which one will then save. In order to see the account numbers,one can then go to chart of accounts
Use the following tax rates and income brackets to answer the following question(s).
Tax Rate Individual Returns Joint Returns
10% $0 to $8,350 $0 to $16,700
15% $8,351 to $33,950 $16,701 to $67,900
25% $33,951 to $82,250 $67,901 to $137,050
28% $82,251 to $171,550 $137,051 to $208,850
33% $171,551 to $372,950 $208,851 to $372,950
35% Over $372,951 Over $372,951
Josh earned $89,700 in taxable income and files an individual tax return. What is the amount of Josh's taxes for the year?
Answer: $18,836
Explanation:
Josh is in the $82,251 to $171,550 bracket so in calculating the taxes owed, we need to calculate the maximum taxes from the previous brackets to find Josh's taxes.
This is done as follows:
= (8,350 * 10%) + ( (33,950 - 8,350) * 15%) + ( (82,250 - 33,950) * 25%) + ( (89,700 - 82,250) * 28%)
= 835 + 3,840 + 12,075 + 2,086
= $18,836
Read the following coping options and categorize them as either problem or emotion focused and as either behavioral or cognitive in nature.
1. Ignore
2. Perspective
3. Plan
4. Other activities '
5. Vent
6. Pep talk
7. Longer hours
8. Ask supervisors
A. Problem-Focused B. Emotion-Focused
C. Cognitive Methods
D. Behavioral Methods
Answer:
1. Ignore - A
2. Perspective - C
3. Plan - A
4. Other activities - D
5. Vent - B
6. Pep talk - D
7. Longer hours - D
8. Ask supervisors - A
Cheers
Barth Company reports the following year-end account balances at December 31, 2016. Prepare the 2016 income statement and the balance sheet as of December 31, 2016.
Accounts payable $16,000 Inventory $36,000
Accounts receivable 30,000 Land 80,000
Bonds payable, long-term 200,000 Goodwill 8,000
Buildings 151,000 Retained earnings 160,000
Cash 148,000 Sales revenue 500,000
Common stock 150,000 Supplies inventory 3,000
Cost of goods sold 180,000 Supplies expense 6,000
Equipment 70,000 Wages expense 40,000
Answer and Explanation:
The preparation of the income statement and the balance sheet is presented below
Income statement
REVENUE
Sales $500,000
Less: EXPENSES
Cost of goods sold ($180,000)
Supplies expenses ($6,000)
Wages expenses ($40,000)
Total expenses ($226,000)
Net income $274,000
Balance sheet :
Assets Amount Liabilities & stockholder equity Amount
Cash $148,000 Account payable $16,000
Account receivable $30,000 Bonds payable, long term $200,000
Supplies $3,000
Inventory $36,000 Total liabilities $216,000
Total current assets $217,000 Common stock $150,000
Land $80,000 Retained earnings $160,000
Building $151,000
Equipment $70,000
Goodwill $8,000
Total assets $526,000 Total liabilities and equity $526,000
Choose all the scenarios below that would cause a decrease in the supply of labor in the agricultural industry.
a. More women are entering the workforce in all industries in the United States.
b. As the population in the United States ages, fewer workers have the physical ability to work in the industry.
c. As the economy expands, so does the need for janitors and cleaning staff employees, causing the wage for nonskilled workers in the cleaning industry to rise.
d. Due to global warming, working conditions on farms have become undesirable for more and more people.
e. The adoption of strict immigration laws reduces the number of legal and illegal immigrants in the United States.
f. There is an increase in the use of biofuels in the United States, which drives up the demand for corn and soybean crops.
g. The government passed a new plan to provide government-funded health care for all workers in the agricultural industry.
h. New machinery is replacing workers in the harvesting of crops.
Answer:
b. As the population in the United States ages, fewer workers have the physical ability to work in the industry.d. Due to global warming, working conditions on farms have become undesirable for more and more people.e. The adoption of strict immigration laws reduces the number of legal and illegal immigrants in the United States.h. New machinery is replacing workers in the harvesting of crops.Explanation:
With workers getting older and being unable to be as productive as they used to be, they will have to drop out of industries that require physical strength including farming. This will therefore reduce people working in agriculture.
With global warming having made working in the fields much more harsh, people are avoiding careers that would keep them outdoors including farming which has led to a drop in the labor supply for agriculture.
A significant portion of workers in agriculture are immigrants so when immigration laws limit the number of immigrants coming in, labor supply in agriculture will reduce.
New machinery reduces the need for workers in agriculture so the more they are bought, the less workers are needed. This will therefore directly reduce the number of people working in agriculture.
You have decided to buy a used car. The dealer has offered you two options: (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) Pay $620 per month for 20 months and an additional $12,000 at the end of 20 months. The dealer is charging an annual interest rate of 24%. Make a one-time payment of $16,864, due when you purchase the car. 1-a. Determine how much cash the dealer would charge in option (a). (Round your answer to 2 decimal places.) 1-b. In present value terms, which offer is clearly a better deal
Answer:
1. In option (a), the dealer would charge $18,213.54.
b. In present value terms, the one-time payment (option (b) is a better deal for the purchaser.
Explanation:
a) Data and Calculations:
Monthly payment for a used car = $620
Payment period = 20 months
Additional payment at the end of 20 months = $12,000
Annual interest rate = 24%
One-time payment for the car purchase = $16,864
From an online financial calculator, the present value of the payments is:
N (# of periods) 20
I/Y (Interest per year) 24
PMT (Periodic Payment) 620
FV (Future Value) 12000
Results
PV = $18,213.54
Sum of all periodic payments = $12,400.00
Total Interest = $6,186.46
Money demand refers to Group of answer choices the total quantity of financial assets that people want to hold. how much income people want to earn per year. how much wealth people want to hold in liquid form. how much currency the Federal Reserve decides to print.
Answer:
total quantity of financial assets that people want to hold
Explanation:
Newton Company is considering the purchase of an asset that will provide a depreciation tax shield of $19,200 per year for 10 years. Assuming the company is subject to a 40% tax rate during the period, and a zero salvage value, what is the depreciable cost of the new asset
Answer:
$480,000
Explanation:
The computation of the depreciable cost of the new asset is shown below:
Given that
Depreciation tax shield = $19,200
Tax rate= 40%
Now
Actual Depreciation for the year is
= $19,200 ÷ 40%
= $48,000
Now
Total Depreciation cost for 10 years is
= $48,000 × 10
= $480,000
A high-tech computer company reported the following information in a recent annual report (all dollar amounts are expressed in millions): Net revenue $49,205 Cost of Goods Sold $40,190 Production materials on-hand $228 Work-in-process and finished goods on-hand $231 What is the current value of weeks of supply
Answer:
See below
Explanation:
With regards to the above information, current value of the week of supply is calculated as shown below;
The week of supply Informs the manager how long the current on hand varies
= $228 ÷ $231
= 0.99 weeks
mention careers that don't require Maths and physics
Explanation:
Library-science teacher, postsecondary.
Dental hygienist.
Technical writer.
Philosophy and religion teacher, postsecondary.
Transportation vehicle, equipment, and systems inspector.
Power-plant operator.
How can the cost allocation methods in activity-based costing be utilized to target process improvements
Answer:
In simple words, Activity-based costing can be understood as more precise approach of estimating the cost of a commodity or service, resulting in more precise pricing decisions.
ABC allows for a more effective examination of operational expenses in order to identify better methods to allocate and eliminate overheads. It also allows for more accurate measurement of brand and client profitability.