Consumers benefit from productive efficiency by paying the lowest product price possible under the prevailing technology and cost conditions, causing firms to earn only normal profit.
Producing as much as feasible from the resources that are available in an economy is the economic principle known as productive efficiency, sometimes referred to as production efficiency. The production of another product would have to be reduced in order to produce any additional units after a business or market reaches productive efficiency.
A situation where an economy or economic system functioning within the limitations of present industrial technology is unable to enhance output of one good without reducing production of another is referred to as productive efficiency in microeconomic theory.
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A process manufacturer that uses the weighted-average method reports the following. Conversion Units Percent Complete Beginning work in process inventory 20,000 80% Units completed and transferred out 90,000 Ending work in process inventory 25,000 40% Equivalent units of production for conversion are: Multiple Choice 100,000. 116,000. 76,000. 90,000. 46,000.
Units produced and converted are 90,000. A technique known as a weighted average accounts for varied levels of significance of values in a data collection. Each number in the data set is multiplied by a predefined weight before the final computation is completed when calculating a weighted average.
The final average number produced by a weighted average approach is more descriptive than a simple average because it takes into account relative significance of every units. Additionally, it has effect of improving the accuracy and smoothing out the data. It provides more weight to average units that happen substantially more frequently.
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Answer:
100,000
Explanation:
units completed + transferred out: 90,000
add: units of ending WIP 10,000 (25,000 x 40%)
equivalent units of production = 100,000
According to the information presented in this video, a company's decision to introduce a new product is an example of _____ decision making.
According to the information presented in this video, a company's decision to introduce a new product is an example of unstructured decision-making.
Unstructured decision-making is decision-making that requires decision-makers to provide insight into judgment, evaluation, and problem definition. In contrast, structured decisions are repetitive, routine, and can be efficiently processed by decision-makers by following specific steps.
A class of unstructured decision problems is considered. Unstructured problems are problems with mostly qualitative parameters whose quantitative dependencies are unknown.
These decisions require judgment, evaluation, and insight to solve the problem. Unstructured means “decision-making processes that have not yet been encountered in the same format and that do not have a clear ordered set of responses within the organization”.
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What provides an end-to-end view of how operations work together to create a product or service?
a. business intelligence
b. management
c. information systems
d. systems thinking
Business intelligence provides an end-to-end view of how operations work together to create a product or service. Business intelligence is the procedural and technological framework that collects, stores, and analyses the data produced by a company's operations. Descriptive analytics, performance benchmarking, process analysis, and data mining all fall under umbrella of business intelligence (BI).
Process analysis, descriptive analytics, and performance benchmarking. Business intelligence (BI) organizes all the data that a company generates into manageable reports, performance metrics, and trends. Spreadsheets, reporting/query software, data visualization software, data mining tools, and online analytical processing are different types of BI tools and service available.
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If imports exceed exports, is it a trade deficit or a trade surplus? What about if exports exceed imports?
If exports exceed imports then the USA has a alternate surplus and the change balance is stated to be fine. If imports exceed exports, the united states or place has a alternate deficit and its alternate stability is said to be negative.
If a country imports more than it exports, it runs a trade deficit. If it imports much less than it exports, that creates a change surplus. whilst a rustic has a alternate deficit, it have to borrow from other international locations to pay for the greater imports.
A rustic that imports extra goods and services than it exports in phrases of cost has a trade deficit while a rustic that exports greater items and offerings than it imports has a alternate surplus.
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What characteristic of a c corporation will make it possible to pass the coporation on to new owners?
Transferable ownership is characteristic of a c corporation will make it possible to pass the coporation on to new owners.
What is Transferable ownership?Transfer of ownership is the process of passing ownership of a thing from one hand to another. This includes the acquisition of a property, the assumption of mortgage debt, the exchange of property possession, and any other land trust instrument.
any method by which property ownership is transferred These include the acquisition of a property, the assumption of mortgage debt, and the exchange of property possession via a land sales contract or any other land trust arrangement.
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What is the amount of production overhead allocated to the assembling unit cost pool?
$800,000 × 40% = $320,000 is the amount required for the production of overhead allocated to the assembling unit cost pool.
Because the activity rates are computed by dividing the total cost for each activity by its total activity & per unit cost is calculated by dividing the total dollars in each activity cost pool by the number of units of the activity cost drivers. the total cost of each activity pool is divided by the total number of units of the activity to determine the cost per unit.
Cost pool is a grouping of individual costs, typically by department or service center.
Cost per unit the amount of money spent by the company during a period for producing a single unit of the particular product or the services of the company.
Determine means to discover the facts about something.
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Average household income in desertville your community has a total of approximately 100,000 households. what percentage of households would be potential customers for the shoe hut? what percentage of households would be potential customers for star's coffee and teas?
According to the given graph, we can say that:
We see here that the percentage of households that would be potential customers for The Shoe Hut is 65%.While the percentage of households that would be potential customers for Star's Coffee and Teas is 75%.Therefore, the answers to both the questions have been shown.
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The complete question is given below:
Your community has a total of approximately 100,000 households. What percentage of households would be potential customers for The Shoe Hut? What percentage of households would be potential customers for Star's Coffee and Teas?
Which report presents data that is distributed inside the organization and is intended for employees within an organization?
Answer:
internal reports is the answer.
Internal reports presents data that is distributed inside the organization and is intended for employees within an organization.
An internal report is a document which is designed to be viewed and evaluated only by individuals working within the organization. It contains data which is intended only for employees within an organization.
An organization's internal reports should be carefully identified as they contain sensible information about the business, indicators, health, finance, sales, marketing, human resources, performance and development in different areas.
Hence, companies often protect themselves by classifying these documents properly as confidential, in order to avoid accidental or intended disclosure.
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Which additional information would the housing counselor need to prepare a household budget for this client?
Documentation of life insurance payout additional information would the housing counselor need to prepare a household budget. A household budget is a plan for manage the resources and expenses of a home that consists of one or more people living in the same residence. You may build a plan for saving money by creating a budget, which also helps you understand where your money goes each month.
You can simply manage your spending, save money, and more easily keep track of and accomplish your financial objectives if you have a household budget in place. Example of household budget are food, auto etc.
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The Retained earnings account has a credit balance of $50,000 before closing entries are made. Services revenue for the period is $68,200, wages expense is $46,300, and dividends are $14,200. What is the correct closing entry for the expense accounts
The correct closing entry for the expense accounts will be Debit Revenue accounts $68,200; credit Income Summary $68,200.
At the conclusion of an accounting period, a closure entry is performed to move balances from a temporary account to a permanent account.
Companies use closure entries to reset temporary accounts, which show balances for a particular accounting period, to zero. In doing so, the company transforms these balances into accounts that will always be present on the balance sheet. These continuous accounts show a business's past financial data.
An illustration of a closing entry is when you add up all the revenue and expense account totals at the end of an accounting period to an income summary account, which effectively makes the account balance in the income summary account the net profit or loss for the period. Then, you shift the balance to the retained earnings account from the income summary account.
The net income or loss for the period is accumulated in the retained earnings account, and the temporary account balances are reset to zero so they can be used once more to store period-specific amounts in the following accounting period.
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Can a business enter into a transaction that affects only the left side of the basic accounting equation? if so, give an example.
Yes, a Business can enter into a transaction that affects only the left side of the basic accounting equation.
Can a business really enter into such a transaction? Explain with an Example.Yes, a company can engage in a transaction that only affects the left side of the accounting equation. A transaction where a rise in one asset is balanced by a fall in another asset serves as an illustration. One particular example is an increase in the equipment account that is balanced out by a drop in the cash account.
What is on the left side of the Balance Sheet and in the accounting equation?The items that your practice possesses and have a monetary worth are its assets. Your assets consist of tangible goods like cash, stock, and privately held real estate and equipment, as well as marketable securities (investments), pre-paid costs, and money owing to you (accounts receivable) from payers. Intangibles with value like registered patents or trademarks are also considered assets.
Assets are categorized on a balance sheet according to how rapidly they are anticipated to be sold, used up, or converted into cash. Fixed assets, such as buildings and equipment, are listed after current assets, such as cash, accounts receivable, and short-term investments, on the left side and are then summed. They are found on the left side of the Balance sheet.
Therefore, Yes a business enters into a transaction that affects only the left side of the basic accounting equation.
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Current account and ______ account are the two major components of a statement that summarizes all debit and credit transactions of one country with the rest of the world.
Current account and Capital account are the two major components of a statement that summarizes all debit and credit transactions of one country with the rest of the world.
What is Capital account?The capital account is a tool used in macroeconomics and international finance to track the net flow of investment transactions into an economy.It is one of the balance of payments' two main elements, together with the current account. The capital account reflects the net change in ownership of national assets, whereas the current account reflects a country's net revenue.A positive balance on the capital account indicates that money is entering the nation, but unlike a positive balance on the current account, the inflows actually represent borrowings or asset sales rather than payments for labor.A deficit in the capital account indicates that money is leaving the country and that the country is acquiring more foreign assets.To know more about Capital account with the given link
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Haki makes and sells backpack danglies. the total cost in dollars for shaki tomakeqdanglies is given byc(q) = 84 5q. 05q2. find the quantity thatminimizes shaki’saverage costfor making danglies
Manufactures and sells rucksack charms. her total dollar cost to make q (thousands) of pendants is given by C(q) =q _ 24q2+ 600q. Find the quantity (in thousands) that minimizes the average cost of her to make a pendant.
Sum fixed and variable costs to get the cost function. 3) A firm's profit is equal to the income received by the firm minus the expenses it has incurred. Subtract cost from revenue to get the profit function.
The average cost function is A(x)=C(x)x A ( x ) = C ( x ) x so x>0. Dividing the total cost by the number of units produced gives the average cost per unit. can be
Average Cost (AC), also known as Total Average Cost (ATC), is the average cost per unit of production. To do this, divide the total cost (TC) by the quantity the firm produces (Q).
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When determining the amount of cash payments for manufacturing overhead, which costs are removed from the budgeted manufacturing overhead?
When determining the number of cash payments for manufacturing overhead, Depreciation is removed from the budgeted manufacturing overhead.
What is depreciation in accounting?
Depreciation is allocated across the asset's estimated useful life in order to charge a reasonable portion of the depreciable amount for each accounting period. Depreciation includes the amortization of assets with predetermined useful lifetimes.
How to calculate manufacturing overhead?
You must total up all indirect costs associated with the manufacturing of a product to determine manufacturing overhead. This covers the price of depreciation, factory supplies, electricity, insurance, maintenance of machines, indirect materials and labor, and more.
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An example of ______ is when humans endow nonhumans with human capacities, making them viable others in social interaction.
An example of projection is that people endow nonhumans with human capacities, making them feasible to others in social interaction.
Projection is the intellectual system by means of which human beings characteristic to others what's of their very own minds. for example, those who are in a self-important nation, consciously or unconsciously, might imagine that different humans are essential to them.
Examples of Projection: A spouse is interested in a male co-employee but cannot admit her emotions, so when her husband talks about a woman co-worker, she will become jealous and accuses him of being drawn to the other lady. a man who feels insecure approximately his masculinity mocks other guys for acting like ladies.
Right here are some signs and symptoms that you might be projecting: Feeling overly harmful, protective, or sensitive approximately something someone has said or done. Feel highly reactive and quick to blame. the issue being objective, getting perspective, and status in the different individual's shoes.
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What is the equation for total return as a function of expeted and unexpected returns?
The equation for total return as a function of expected and unexpected returns is :
Total return = Expected return + Unexpected return
The real rate of return on an investment or a group of assets over time is known as the total return.
Interest, capital gains, dividends, and realized distributions are all included in the total return.
The overall return is shown as a proportion of the initial investment.
The total return is a reliable indicator of an investment's overall success.
The genuine growth of an investment over time is determined by total return. When determining a rise in value, it's critical to consider the big picture instead of just one return metric.
When evaluating a company's historical performance, total return is used. Calculating predicted future returns helps investors make plans for their retirement or other needs and sets fair expectations for their investments.
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Recessions in the united states occur with regular, predictable frequency; hence the term "business cycle. " true or false?.
It is False.
How do recessions relate to the business cycle?A recession is a type of vicious cycle, with cascading decreases in output, employment, income, and sales that feed back into another drop in output, swiftly spreading from industry to industry and region to region. This domino effect is critical to the spread of recessionary weakness across the economy, driving the comovement of various coincident economic indicators and the recession's endurance.
A business cycle recovery, on the other hand, occurs when the recessionary vicious cycle reverses and becomes a virtuous cycle, with growing output generating job gains, rising wages, and rising sales, all of which feed back into further increases in output. The recovery can only last and result in long-term economic growth if it becomes self-sustaining, which is secured by the domino effect that spreads the revival across the economy.
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Why do some critics view the united nations as an ineffectual intergovernmental organization?
The international system's power centres are not adequately represented by the Security Council. The phrase international system might mean: international relations and politics It is the world's collection of nations. The phrase is frequently used to describe twentieth-century international systems, although it can also be used to describe pre-industrial international state systems.
In the international number system, commas serve as separators and are positioned in accordance with their periods to allow for precise reading of the number. For instance, the number 456456 can be written as 456,456 or spoken as 4556,000, 4556,000.These are the four most popular forms of number systems: Decimal Number System. Binomial Number System.
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What would happen to the wages of high-skilled workers if there was an drop-off of high-skilled immigrants coming to the u.s.?
If there was a drop in the number of high skilled immigrants coming to the US, high-skilled job wages would increase.
What would happen if there was a drop in immigrants?Wages are the reward that accrue to labour for partaking in the production process of goods and services. So, the reward for of high skilled immigrants who partake in the production of goods and services is wages. There is an inverse relationship between wages and the supply of labour.
If there is a drop in the number of high skilled immigrants coming to the US, there would be a decrease in the supply of high-skilled labour. As a result, the demand for high-skilled labour would exceed its supply. This would lead to an increase in the competition among those demanding for high skilled labour (the employers). Employers would increase wages in a bid to attract high-skilled labour to their companies.
This shows that that when there is decline in the number of high skilled immigrants, wages would rise. Conversely, when there is an increase in the number of high skilled immigrants, wages would decline.
Here are the options to this question:
A_High-skilled job wages would increase.
B_High-skilled job wages would remain unaffected.
C_High-skilled job wages would decrease.
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What is 's balance of accounts receivable at , ? start by selecting the labels and then enter the amounts to calculate the balance in accounts receivable at ,
Start by selecting the labels and then enter the amounts to calculate the balance in accounts receivable at 30,000.00.
Date ACCOUNT TITLES AND EXPLANATIONS DEBIT ($) CREDIT ($)
29-Feb-16 Bad Debts Expense 2,400.00
Accounts Receivable 2,400.00
(Write off an uncollectible account)
Requirement 2
Accounts Receivable
$ $
Balance b/d 14,000.00 17,000.00 Collected
Revenue 16,000.00 2,400.00 Wrote off
10,600.00 Balance c/d
30,000.00 30,000.00.
Accounts receivable is the amount a customer owes your business for the products or services they bill you for. The total value of all accounts receivable is recorded as a current asset on the balance sheet and includes invoices for items or work performed on credit to customers.
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What roles do specialization and division of labor play in economists’ support of free trade?.
Through free trade, countries specialize in the goods for which they have a comparative advantage and trade for those in which they do not. Specialization allows a country to divide labor among the various production segments, which results in higher productivity and greater economic growth for the involved countries.
What Are the Economic Impacts of Specialization?
Specialization, along with the complementary concept of the division of labor, occurs when the innate inequalities of human productive output are intensified along different skills. An individual becomes economically specialized when he focuses his productive efforts on an increasingly narrow range of tasks. The most obvious economic impact of specialization can be seen in the tendency for individuals to choose different vocations that are more in line with their interests, skills, opportunities, and education.
Division of labor:
The division of labor is the separation of the tasks in any economic system or organisation so that participants may specialize (specialization). Individuals, organizations, and nations are endowed with or acquire specialized capabilities and either form combinations or trade to take advantage of the capabilities of others in addition to their own. Specialized capabilities may include equipment or natural resources as well as skills and training and combinations of such assets acting together are often important. For example, an individual may specialize by acquiring tools and the skills to use them effectively just as an organization may specialize by acquiring specialized equipment and hiring or training skilled operators. The division of labor is the motive for trade and the source of economic interdependence.
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Dynamic reports are business intelligence (bi) documents that are updated at the time they are requested.
a) true
b) false
Answer:
A
Explanation:
When is the present value of distress costs likely to exceed the present value of the tax shield from debt?
At high levels of debt, the present value of distress costs is likely to exceed the present value of the tax shield from debt.
What is Distress Cost?Distress cost is the additional expense, such as a higher cost of capital, that a company in financial distress must pay.Companies that are struggling often have a harder time paying their debts, which increases the likelihood that they will default. In order to meet urgent needs, assets may need to be sold fast and at a loss due to distress costs.Other costs associated with distress include diminished staff morale and productivity.Ex-ante expenses—those incurred before the event—and ex-post costs—those incurred after the event—such as bankruptcy—are the two categories of distress costs.To learn more about distress costs with the given link
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Question 9(Multiple Choice Worth 4 points)
(01.08 LC)
Which of the following describes a share of ownership in a corporation that represents a claim on a portion of that
company's earnings?
O Bond
O Stock
Future
O Mutual fund
Answer:
B. Stock
Explanation:
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Answer:
B) Stock
Explanation:
Which item does not appear on a statement of cash flows prepared by the indirect method?.
collections from customers does not appear on a statement of cash flows prepared by the indirect method.
What are collections from customers?A business uses the term collections to refer to money owing to that business by a consumer. When a consumer fails to pay the company within the periods stated, the bill becomes past due and is sometimes turned over to a collection agency.
the act or activity of gathering; data collection; tax collection anything specially gathered: a collection of artifacts amassed for the purpose of study, comparison, or exhibition, or as a hobby a collection of poems a group of photographs a collection of baseball cards
A collection is defined as a gathering of goods or people grouped together. A collection could be anything like someone collecting 500 baseball cards.
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Write a query to provide a list of all managers and their respective employees. your report should show manager’s name, manager’s department name, employee number and employee name
SQL Query is select * from empl.
What is SQL?SQL is a computer language developed for managing data in a relational database management system or for stream processing in a relational data stream management system.
SQL tuning is the process of optimizing SQL queries to increase server performance. Its overarching goal is to reduce the time it takes a user to receive a result after issuing a query, as well as the amount of resources used to process a query.
SQL tuning is the process of optimizing SQL queries to increase server performance. Its overarching goal is to reduce the length of time it takes a user to receive a result after performing a query, as well as the number of resources consumed to process the query.
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How do consumer credit laws support consumers? Specifically cite at least two laws and how they directly support consumers.
List and describe how both the Federal Trade Commission (FTC) and the Better Business Bureau (BBB) help protect consumers from fraud.
The consumer credit law is designed to support and protect consumers by mandating creditors to disclose credit terms to consumers.
This backed by the The Consumer Credit Protection Act which protects consumers from loan sharks, restricts the garnishing of wages, and established the National Commission on Consumer Finance to investigate the consumer finance industry.
The Federal Trade CommissionThe Federal trade commission is an agency saddled with the task of helping and protecting unsuspecting consumers from trade fraud.
They do this by stopping unfair, deceptive and fraudulent business practices by collecting reports from consumers and conducting investigations, suing companies and people that break the law, developing rules to maintain a fair marketplace, and educating consumers and businesses about their rights.
Better Business BureauThe Better Business Bureau is a non profit organization whose main aim is mission is to focus on advancing marketplace trust in the United states.
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Which of these is not a result of the federal government spending more than it earns? group of answer choices budget deficits budget surpluses increased national debt increased taxes
There are no tax increases because the federal government spends more than it receives.
A budget deficit occurs when the federal government spends more money than it collects in taxes in a given year. conversely, if the government receives more taxes than it spends each year, it creates a budget surplus.
The two leading causes of budget deficits are excessive government spending and low tax rates that do not cover spending. tax cuts can reduce revenue and create budget deficits. also, a significant fiscal stimulus could push government spending higher than revenue.
Government spending increases aggregate demand, leading to higher prices. according to the law of supply, higher prices stimulate more production. as a result, more jobs will be created. increased demand leads to lower unemployment and higher production.
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What is a business portfolio? how does a company typically conduct a portfolio analysis?
A business portfolio refer to a company's asset list. It is a combination of various products, services and business units that make up a business.
Business portfolio involves proper planning for the betterment of a company. First, the company must analyze its current business portfolio and determine which businesses should receive more, less, or no investment.
In order to conduct a portfolio analysis there are few steps which a company needs to follow- analyze the current situation, establish investment objectives, determine asset allocation, select investment options, monitor, measure, and rebalance.
Hence, the analysis of the business portfolio is important as it helps a company to decide to whether its businesses should receive more or less investment.
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What distinguishes firm-specific resources and capabilities of some of the winning firms from emerging economies?
The firm's unique resources and abilties of the triumphing companies distinguish them from emerging economies as winning firms have sources that permit them to attain aggressive gain and overall performance.
As an emerging market economy develops, it typically becomes extra included with the global economy. that means it may have elevated liquidity in local debt and fairness markets, increased alternate volume and overseas direct investment. It could develop current economic and regulatory institutions.
Emerging markets account for almost forty% of world GDP at purchasing strength parity, although nonetheless simplest 20% at marketplace cost. while those economies are already big, they continue to grow vigorously, at greater than 7% in line with annum on average during the last six years, over 2% percentage factors above the world common.
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