Answer:
growth
Explanation:
look at the lesson again and take more note because it tells you in the lesson.
A purely competitive firm can maximize its economic profit (or minimize its loss) by adjusting only its output because it ______.
The reason why a purely competitive firm can only maximize its economic profit through an adjustment in output is because they are price takers.
How do purely competitive firms maximize profit?A purely competitive firm exists in a market where they don't set the prices that their goods are sold at. They are therefore price takers.
This means that the only way they can make more economic profit, is by increasing their output so that they can sell more.
In conclusion, it is because they are price takers.
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Who would be called upon to fix the following problem? The network at the U.S. embassy in Brazil has suddenly crashed.
Diplomatic Security Special Agent
information Management Specialist
Foreign Service Officer
economic Officer
An information management specialist would be the one to fix an issue with a network.
True or false: Lewin's force-field theory states that managers must create resistance to facilitate change.
Lewin's force-field theory states that managers must create resistance to facilitate change. Therefore, it's true.
Who is a manager?A manager simply means an individual who guides the team or employees on an organization to achieve a common goal.
Lewin's force-field theory states that managers must create resistance to facilitate change. It states that effective change happens through the unfreezing of the existing state of affairs and moving to a desired situation.
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Barlow Company manufactures three products—A, B, and C. The selling price, variable costs, and contribution margin for one unit of each product follow:
Product
A B C
Selling price $ 150 $ 240 $ 200
Variable expenses:
Direct materials 12 48 18
Other variable expenses 108 120 140
Total variable expenses 120 168 158
Contribution margin $ 30 $ 72 $ 42
Contribution margin ratio 20 % 30 % 21 %
The same raw material is used in all three products. Barlow Company has only 5,400 pounds of raw material on hand and will not be able to obtain any more of it for several weeks due to a strike in its supplier’s plant. Management is trying to decide which product(s) to concentrate on next week in filling its backlog of orders. The material costs $6 per pound.
Required:
1. Calculate the contribution margin per pound of the constraining resource for each product.
2. Assuming that Barlow has unlimited demand for each of its three products, what is the maximum contribution margin the company can earn when using the 5,400 pounds of raw material on hand?
3. Assuming that Barlow’s estimated customer demand is 600 units per product line, what is the maximum contribution margin the company can earn when using the 5,400 pounds of raw material on hand?
4. A foreign supplier could furnish Barlow with additional stocks of the raw material at a substantial premium over the usual price. Assuming Barlow’s estimated customer demand is 600 units per product line and that the company has used its 5,400 pounds of raw material in an optimal fashion, what is the highest price Barlow Company should be willing to pay for an additional pound of materials?
1. The contribution margin per pound of the constraining resource for each product is:
Product A B C
Contribution margin per pound $15 $9 $14
2. Assuming that Barlow has unlimited demand for each of its three products, the maximum contribution margin it can earn using the 5,400 pounds is $81,000.
3. Assuming that Barlow’s estimated customer demand is 600 units per product line, the maximum contribution margin the company can earn when using the 5,400 pounds is $64,800.
4. The highest price Barlow Company should be willing to pay for an additional pound of materials is $15 ($6 + $9).
Data and Calculations:Available raw materials = 5,400 pounds
Material cost per pound = $6
Contribution margin per poundProduct A B C
Selling price $ 150 $ 240 $ 200
Variable expenses:
Direct materials 12 48 18
Other variable expenses 108 120 140
Total variable expenses 120 168 158
Contribution margin $ 30 $ 72 $ 42
Contribution margin ratio 20% 30 % 21 %
Materials per unit 2 8 3 ($18/$6)
Contribution margin per pound $15 $9 $14 ($42/3)
Maximum contribution = $81,000 ($15 x 5,400)
Total contribution based on maximum demand of 600 units of each product:Product A B C
Maximum demand 600 600 600
Materials per unit 2 8 3
Total materials required 1,200 4,800 1,800
Materials allocation 1,200 2,400 1,800
Contribution margin per pound $15 $9 $14
Total contribution $18,000 $21,600 $25,200 = $64,800
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The recording of business transactions is a basic part of financial reporting and is referred to as:.
The recording of business transactions is a basic and fundamental component of financial reporting and is known as bookkeeping.
What is Bookkeeping?Bookkeeping is the process of recording financial transactions. It entails preparing reference papers for all company transactions, activities, and other occurrences.
The primary goal of bookkeeping is to maintain a comprehensive and precise record of all operations and transactions in a methodical, ordered, and logical way. This guarantees that the financial consequences of these activities are accounted for in the accounting books.
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What are prenuptial contracts? jared and erika are getting married, but jared has children from a previous marriage. they decide to sign a that will provide for children from a previous relationship. jared also makes a to his will that gives erika his home.
An example of prenuptial contracts is when Jared and erika are getting married, but signed an agreement.
What is a prenuptial agreement?A prenuptial agreement serves as a written contract that is been entered by two people before they are married. A prenup
Therefore, prenuptial agreement involves the both parties to come together and shared their past and agree
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Answer:
1 - prenuptial agreement
2 - codicil
Jared and Erika are getting married, but Jared has children from a previous marriage. They decide to sign a prenuptial agreement that will provide for children from a previous relationship. Jared also makes a codicil to his will that gives Erika his home.
Explanation:
I got it right on the test.
The simplest way for a monopoly to arise is for a single firm to.
Answer:
1. Eliminate all the other firms.
Explanation:
Just for that single firm to create a new market where it is the only firm has the thing needed.
True or False: A tax cut that will last for only one year will have a greater impact on aggregate demand than a tax cut that is expected to be permanent. True False
A tax cut that will last for only a year will not have a huge effect on the aggregate demand as the aggregate demand increases only when the tax cut is permanent.
The given statement is false.
What is a tax?A tax is a liability imposed on the taxpayer to pay a specified sum to the government based on the income they have earned in the previous year.
When the cutting of taxes becomes permanent in the country, then the citizens can start to acquire more which will increase the spending. The families will expect that the tax cuts are for the longer term which now induces them to buy and spend more and also act as an addition to their incomes. This whole impact would eventually lead to rising in aggregate demand.
Therefore, the demand increases when the tax cuts are permanent rather than when tax cuts are for only one year.
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Dahlia is an associate at a prestigious law firm. The associates in the firm generally work until at least 7 p.m. or 8 p.m. each day. This is an element of the firm's
According to the situation, Dahlia is attempting to build a connection, or we can say that partner, at one of the prominent law firms, and it is understood in every organization or business that workers work in the office at least 7 or 8 o'clock each evening, so this is one of the firm's social norms.
What exactly are social norms?Companies, among other assets, are well-positioned to achieve social norm change by leveraging their brand credibility, marketing skill, reach, and access to important influencers.
The behavioral norms that are accepted in a group or community. This encompasses what your community or a specific group expects of you as well as what you believe they expect of you.
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RJR Nabisco (a U.S. company) allows a company in Singapore to use its brand name and recipes to produce and sell one of its products - Planters Nuts. In return, RJR Nabisco receives a royalty fee. This type of international arrangement is called ______.
RJR Nabisco allows a company in Singapore to use its brand name and recipes to produce and sell one of its products - Planters Nuts. This type of international arrangement is called licensing.
What is licensing?Generally, licensing is simply defined as granting someone formal authorization to do, have, or sell something: In many nations, licensing is used to determine who should sell what.
In conclusion, a license shows the authenticity of a producer.
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What are three takeaways you learned from playing Money Magic that will help you when you create your own budgets in the future? Be specific
The 3 knowledge learned from playing Money Magic is accountability, making (creating) and also be current with one's personal budget.
What are the main aim of a budget?The aim of a budget in accounting is to make a kind of an exact financial plan for one's or firm's future.
Note that The 3 knowledge that was learned from playing Money Magic is accountability, making (creating) and also be current with one's personal budget and this will help one in planning of their financial life.
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A _______ strategy that is aimed at increasing perceived value of goods and services by the customer usually fares best in a more _______ structure and a culture of innovation.
A differenciation strategy that is aimed at increasing perceived value of goods and services by the customer usually fares best in a more flexible structure and a culture of innovation.
What is differenciation strategy?Differentiation strategy involves designing a new product or doing something new which is much different from what the competitors do.
The uniqueness of the product could be in the branding and packaging which will tend to attract more customers.
Therefore, differenciation strategy that is aimed at increasing perceived value of goods and services by the customer usually fares best in a more flexible structure and a culture of innovation.
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If an adjusting entry for interest owed is recorded then the company must have issued:.
Debit your Interest Expense account and credit your Accumulated Interest Payable account to record the accrued interest throughout an accounting period.
What type of adjustment is interest payable?Interest Payable is a liability account that shows how much money the company owes in interest as of the balance sheet date.
Accountants understand that if a corporation has a balance in Notes Payable, it should record some amount in both Interest Expense and Interest Payable.
Thus, Accumulated Interest Payable account to record the accrued interest .
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Looking Glass is a social networking site that allows members to write their views and opinions about various products, services, social issues, and more. However, members on this website can write no more than 280 characters. In this case, Looking Glass is a(n) _____.
Looking Glass is a micro blog because it allows members to write their views and opinions about various products, services, social issues, and more.
What is social networking?Social networking is a form of electronic communication where users create online communities for sharing ideas and for interaction purposes.
A social media is made for the people to create and share their view, opinions regarding a specific topic or about an event in the past and present.
Hence, looking Glass is a micro blog because it allows members to write their views and opinions about various products, services, social issues, and more.
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One of the most important tasks to complete if you are going to drive in the rain, slush and mud is to_________. check your tire inflation and tread depth carry a bag of kitty litter change your warning lights apply a good coat of wax to your vehicle
The complete statement is "One of the most important tasks to complete if you are going to drive in the rain, slush and mud is to check your tire inflation and tread depth."
What are drive checks?Generally, some pre-drive checks include; Check driver's window, The driver's side window must be opened. Check the windshield must offer you and the examiner with a clear field of view.
In conclusion, Pre drive checks includes to check your tire pressure and tread depth.
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Financial incentives paid to health care organizations to encourage focus on models of care that increase quality at a reasonable cost are called
The financial incentives which are paid to organizations in the healthcare sector to increase quality of models of care are called Performance-based payment programs.
What are Performance-based payment programs?These are programs that are meant to increase the quality of care offered to people by the health care sector.
They involve paying health care organizations financial incentives to come up with better ways of giving care.
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Silverwood Company is considering the following alternatives: Alternative A Alternative B Revenues $100,000 $200,000 Variable costs 50,000 50,000 Fixed costs 10,000 30,000 What is the incremental profit
Assuming the Fixed costs are 10,000 30,000. The incremental profit is $80,000.
Incremental profitFirst step
Alternative A
Revenues $100,000
Less Variable costs $50,000
Less Fixed costs $10,000
Profit $40,000
Alternative B
Revenues $200,000
Less Variable costs $50,000
Profit $120,000
Second step
Incremental profit=$120,000 –$ 40,000
Incremental profit= $80,000
Therefore the incremental profit is $80,000.
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Mortgages and Home Ownership
Prompt.
Demarco and Tanya have received information about three separate mortgage offers. In two or three paragraphs, describe your recommendation for the best financial choice in their situation. Evaluate each of the three offers, compare and contrast their effectiveness, and explain the offer that works best. As you explain your answer, support it using reasons and evidence from the calculations you made based on the information provided in this guide for Analyzing Mortgage Options.
Explanation:
thats how to buy a house step by step
Answer:
Option A would be the best option, as the payment would not change. Option B has a lower payment, but that payment is expected to rise and eventually be a bigger payment. Option C would require them to pay it off in 8 years, which would be too much based on their income and they would end up having to get another mortgage. Option C would be better if they wanted to live their temporarily, but Demarco and Tanya would like to live in their house permanently. This makes option A the best option because it is an affordable payment that will not change.
Explanation:
Question 21 The managerial value of regularly consulting the data in the Year-to-Year Performance Highlights report has to do with the data provided being the quickest and best way to:
The regular consultation of the data is the best way to review the caliber of the operating results and key performance outcomes being achieved in all four geographic regions for all years.
What is a Year-to-Year Performance Highlights report?This is a report that compares the performances of a firm for different years for consultation and future purpose.
Hence, the consultation help to review the caliber of the operating results and key performance outcomes being achieved in all four geographic regions for all years.
Therefore, the Option E is correct.
Missing options "make better Competitive Assumptions on the Internet and Wholesale decision screens in the upcoming year. spot the flawed decisions made in the prior-year's decison round. determine how to improve the company's brand reputation/image rating in the upcoming decision rounds. identify which of the company's competitive efforts in the branded Internet and Wholesale segments need to be increased, left as is, or decreased in the upcoming decison round Oreview the caliber of the operating results and key performance outcomes being achieved in all four geographic regions for all years completed to date--so that needed corrective actions can be taken in upcoming decision rounds"
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A manager is using a full-cost approach, then allocating fixed costs on the basis of sales volume as a way of analyzing marketing costs. This method could:
This strategy may create a situation in which low-volume consumers appear to be more profitable than they are.
What exactly is the full cost approach?In the oil and gas business, the full cost technique is a cost accounting method. All property acquisition, exploration, and development costs are consolidated and capitalized into a national cost pool using this method. Whether or not a well is regarded as successful, this capitalization occurs.
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The control systems used in international firms include: personal, bureaucratic, output and Blank______.
The control systems used in international firms are;
personal bureaucraticoutput ScientificWhat is the control system?A control system serves as set of mechanical or personal devices that are used in regulating other other devices or systems.
In international firms this control system helps to monitor the ethics, standards that are required by the international firm in relation with other firms across the globe.
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OSHA has a regulation that requires private sector employers and many public sector employers, including many healthcare establishments, to record and report all work-related fatalities to OSHA within:
The regulation requires record and report of all work-related fatalities to OSHA within 8 hours.
What is OSHA?This is an acronyms for Occupational Safety & Health Administration that is an agency responsible for workplace safety.
The main purpose of the administration is to protect the health and safety of workers.
One of the regulation of OSHA requirs daily record and report of all work-related fatalities to OSHA within 8 hours.
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Flawed ways to pursue competitive efforts that will successfully differentiate a company's branded footwear from the branded offerings of rival companies include
Focusing only on one differentiating feature is a flawed way to pursue competitive efforts that will differentiate a business.
How is differentiation effective?Differentiation is a competitive advantage that occurs through market segmentation, the positioning of the company and its products and services. Must meet the criteria:
ImportanceSpotlightExclusivityAccessibilitySuperiorityProfitabilityTherefore, a company that wants to differentiate itself from its competitors must focus on several resources that help change the consumer's perception of differentiation.
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Nathan was worried that his company was missing a lot of opportunity to sell their products in China because of the separation created by language, culture, and distance. In other words, his company had a lack of _____.
The inability of Nathan's company to sell their products in China can be said to be: lack of knowledge.
What is Knowledge of a Market?Understanding your market target for a specific product goes a long way in saving resource wastage and facilitates effective marketing strategy that gurantees sales.
Knowledge of the culture and language of a market is key to penetrating a market.
Thus, the inability of Nathan's company to sell their products in China can be said to be: lack of knowledge.
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Althea is starting her own candle business. Her plan is to rent a space to sell her products for several years, with the hope of expanding. In this scenario, which item represents supply
The Commercial Space for lease represents the item of supply in this case.
What is Commercial Space for Lease?Commercial Space for lease is property that is used exclusively for business-related purposes or to provide a workspace rather than as a living space, which would instead constitute residential real estate.
Most often, commercial real estate is leased to tenants to conduct income-generating activities. This broad category of real estate can include everything from a single storefront to a huge shopping center.
This will help in increasing the revenue of the business, and its the place where the selling will take place.
Thus, In this scenario, which item represents supply is Commercial Space for lease.
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A national cola drink company created a catchy mass-media TV advertisement to run over the spring break holiday time. What type of strategy is this campaign considered?
The kind of strategy that the campaign is creating is known as pull strategy.
What is a pull strategy?As an promotion tactice, it is a strategy that is used by firm who aims to increase demand for its products and draw customer to their products.
Hnece, as the create a catchy mass-media TV advertisement to run over the spring break holiday time, then, it is creating a pull strategy.
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An agent classified as a(n) __________ is not considered an employee and has no legal protections of employees, such as minimum and overtime compensation laws. Multiple Choice third-party beneficiary dependent contractor incidental beneficiary independent contractor
An agent that is not considered an employee and has no legal protections of employees is D. independent contractor.
Who is a agent?An agent simply means a person that acts on behalf of another person or employer.
In this case, the agent that is not considered an employee and has no legal protections of employees is an independent contractor.
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A company issued 100 shares of $100 par value common stock for $11,800 cash. The total amount of paid-in capital in excess of par is: Multiple Choice $100. $1,000. $1,800. $10,000. $11,800.
Answer:
question 6
Explanation:
100x $100 = 10,000
shares x par value
11,800-10,000 =1,800
Common stock - total
is what quizlet taught me hope this helps!
Exchange rates are an effective way to analyze the price of one currency in terms of another currency with _________________________.
Exchange rates are an effective way to analyze the price of one currency in terms of another currency with the tools of demand and supply.
What do you mean by exchange rate?Exchange rates refer to the value of one's nation's currency over the currency of another nation.
An exchange rate can be fixed or free-floating. A fixed exchange rate is pegged to the value of other currency and a free-floating exchange rate may rise or fall due to changes in the foreign exchange market.
Thus, exchange rates are an effective way to analyze the price of one currency in terms of another currency with the tools of demand and supply.
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What is the difference between a teller's check and a personal check?
A. A teller's check is written by an individual to a bank teller and a
personal check is also written by an individual.
B. A personal check is issued by an individual and a teller's check is
issued by a bank teller.
C. A personal check is issued by a company and a teller's check is
obtained from the bank by an individual.
D. A personal check may not be drawn on a corporate account but a
teller's check may be drawn on a corporate account.
Answer:
B. A personal check is issued by an individual and a teller's check is issued by a bank teller.
Explanation:
A personal check is money that comes from one's own account in the bank and a tellers' check is money that a bank teller uses to pay other banks or financial institutions.