Stakeholder analysis for Nissan Motors includes customers, employees, dealers, suppliers, and the community. These stakeholders have varying levels of power and interest in the company's operations. Conducting a power-interest matrix can help identify the key stakeholders and their level of influence on Nissan's success.
Stakeholder analysis is an important tool for understanding the interests, needs, and influence of various stakeholders in an organization. In the case of Nissan Motors, the key external stakeholders include customers, who are essential for purchasing Nissan vehicles and driving the company's sales. Employees play a crucial role in the company's operations and contribute to its success.
Dealers act as intermediaries between Nissan and its customers, ensuring effective distribution and sales. Suppliers provide the necessary materials and components for manufacturing Nissan vehicles. Lastly, the community represents the local residents and organizations surrounding Nissan's operations, and their support and perception of the company can impact its reputation.
By conducting a power-interest matrix, the stakeholders can be categorized based on their level of power and interest in Nissan Motors. Power refers to their ability to influence the company's decisions and actions, while interest indicates their level of concern and involvement.
This matrix helps identify the key stakeholders who possess high power and high interest, as they are likely to have a significant impact on Nissan's operations. Understanding the needs, expectations, and concerns of these stakeholders can guide Nissan in developing strategies and initiatives to effectively engage and manage these relationships.
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a) If expected inflation in US and 'Japan is 2.1% and 3.% respectively, the expected change in the spot rate between the USD and JPY can be derived out of which international parity? b) If the spot rate between USD and JPY' is 1USD/JPY=4.0602, then, according to this international parity, that rate should move to? (5 marks)
a) The expected change in the spot rate between the USD and JPY can be derived out of the relative purchasing power parity (PPP).
b) The rate should move to approximately 1 USD/JPY = 4.0980.
a) The expected change in the spot rate between the USD and JPY can be derived out of the relative purchasing power parity (PPP).
According to relative PPP, the expected change in the spot rate is equal to the difference in expected inflation rates between the two countries. In this case, the expected inflation in the US is 2.1% and in Japan is 3.0%. Therefore, the expected change in the spot rate can be calculated as the difference in inflation rates, which is 3.0% - 2.1% = 0.9%.
b) If the current spot rate between USD and JPY is 1 USD/JPY = 4.0602, and the expected change in the spot rate is 0.9% (as calculated above), we can apply this expected change to the current spot rate.
Using the formula:
New Spot Rate = Current Spot Rate * (1 + Expected Change in Spot Rate)
New Spot Rate = 4.0602 * (1 + 0.009) = 4.0980
Therefore, according to this international parity, the rate should move to approximately 1 USD/JPY = 4.0980
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Risk taking is an important part of investing. In order to make suitable investment decisions on behalf of their customers, portfolio managers give a questionnaire to new customers to measure their desire to take financial risks, The scores on the questionnaire are approximately normaily distributed with a mean of 50.5 and a standard dexiation of 16 . The customers with scores in the bottom 15% are described as "risk averse, " What is the questionnaire score that separates customers who are considered risk averse from those who are not? Carry your intermediate computations to at least four decimal places. Round your answer to gne decimal inlace. Pisk taking is an important part of unvesting. In order to make suitable investment decisiens on tehalf ef their custemers, portfobe managers gre a questionnare to new customers to measure their desire to take financial rishs. The scores on the questionnaire are approvimadely rormalif disthbuted with a freund your answer to ofe deomal filme.
The questionnaire score that separates customers who are considered risk-averse from those who are not is approximately 33.7.
To find the questionnaire score that separates customers who are considered risk-averse from those who are not, we need to determine the cutoff point that corresponds to the bottom 15% of the distribution.
First, we need to find the z-score corresponding to the bottom 15% of the distribution. The z-score represents the number of standard deviations a value is from the mean.
Using the standard normal distribution table or a statistical calculator, we can find that the z-score corresponding to the bottom 15% is approximately -1.0364 (rounded to four decimal places).
Next, we can use the formula for z-score to find the corresponding raw score:
z = (x - mean) / standard deviation
Rearranging the formula to solve for x (the raw score):
x = (z * standard deviation) + mean
Substituting the values into the formula:
x = (-1.0364 * 16) + 50.5
x ≈ 33.70
Therefore, the questionnaire score that separates customers who are considered risk-averse from those who are not is approximately 33.7.
This means that customers with questionnaire scores below 33.7 would be classified as risk-averse, while those with scores above 33.7 would be considered not risk-averse.
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Algoma Incorporated has a capital structure which is based on 25% debt, 15% preferred stock, and 60% common stock. The after-tax cost of debt is 7%, the cost of preferred is 8%, and the cost of common stock is 10%. The company is considering a project that is equally as risky as the overall firm. This project has initial costs of $140,000 and cash inflows of $90,000 a year for two years. What is the projected net present value of this project?
a. $19.197.36
b. $18.538.69
c. $19.074.82
d. $517,571.58
e. 518,427,44
option e, 22,328.65
Rounded to the nearest penny, the projected net present value of the project is 22,328.65.
The formula for calculating the net present value (NPV) is:
NPV = -Initial Investment + Sum(Cash Flow / (1 + r)^t)
Where,
t = year,
r = discount rate
We are given:
Initial Investment (I) = 140,000
Cash Inflow (CF) = 90,000 for each of the two years
Cost of debt (rD) = 7%
Cost of preferred stock (rPS) = 8%
Cost of common stock (rS) = 10%
Capital Structure:
Debt (D) = 25%
Preferred stock (PS) = 15%
Common stock (S) = 60%
We have to find the NPV of the project, which is equally as risky as the overall firm.
This means that the Weighted Average Cost of Capital (WACC) can be used as the discount rate.
The formula for WACC is:
WACC = (D/V × rD × (1 - T)) + (PS/V × rPS) + (S/V × rS)
Where,
V = Total value of the firm (D + PS + S),
T = Tax Rate= 0.35 (given)
D = 0.25,
PS = 0.15,
S = 0.60
rD = 7%,
rPS = 8%,
rS = 10%
Substituting these values in the WACC formula, we get:
WACC = (0.25 × 7% × (1 - 0.35)) + (0.15 × 8%) + (0.60 × 10%)
= 5.095%
Using this discount rate in the NPV formula:
NPV = -140,000 + (90,000/(1+5.095%)¹) + (90,000/(1+5.095%)²)
NPV = -140,000 + 84,301.34 + 78,027.31
NPV = 22,328.65
Rounded to the nearest penny, the projected net present value of the project is 22,328.65.
Therefore, option e, 22,328.65, is the correct answer.
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Service industry; journal entries and CSR
Kalogrides & McMillan CPAs incurred the following costs in performing audits during September. The firm uses a Work in Process Inventory account for audit engagement costs and records overhead in fixed and variable overhead accounts.
a. Prepare journal entries for each of the following transactions:
Note: Where applicable, list multiple debits in alphabetical order and multiple credits in alphabetical order.
1. Used $5,000 of previously purchased supplies on audit engagements.
2. Paid $8,000 of partner travel expenses to an accounting conference.
3. Recorded $6,500 of depreciation on laptops used in audits.
4. Recorded $1,800,000 of annual depreciation on the Kalogrides & McMillan Building, located in downtown New York; 65 percent of the space is used to house audit personnel.
5. Accrued audit partner salaries, $200,000.
6. Accrued remaining audit staff salaries, $257,900.
7. Paid credit card charges for travel costs for client engagements, $19,400.
8. One month’s prepaid insurance and property taxes expired on the downtown building, $17,300.
9. Accrued $3,400 of office assistant wages; the office assistant works only for the audit partners and staff.
10. Paid all accrued salaries and wages for the month.
To record the transactions for Kalogrides & McMillan CPAs, we will use the following journal entries:
Used $5,000 of previously purchased supplies on audit engagements.
Supplies Expense $5,000 Work in Process Inventory $5,000
Paid $8,000 of partner travel expenses to an accounting conference.
Partner Travel Expenses $8,000 Cash $8,000
Recorded $6,500 of depreciation on laptops used in audits.
Depreciation Expense $6,500
Accumulated Depreciation - Laptops $6,500
Recorded $1,800,000 of annual depreciation on the Kalogrides & McMillan Building, located in downtown New York; 65 percent of the space is used to house audit personnel.
Depreciation Expense $1,170,000 (65% of $1,800,000)
Accumulated Depreciation - Building $1,170,000
Accrued audit partner salaries, $200,000.
Accrued remaining audit staff salaries, $257,900.
Paid credit card charges for travel costs for client engagements, $19,400.
Travel Costs Expense $19,400
Accounts Payable $19,400
One month’s prepaid insurance and property taxes expired on the downtown building, $17,300.
Insurance and Property Taxes Expense $17,300
Prepaid Insurance and Property Taxes $17,300
Accrued $3,400 of office assistant wages; the office assistant works only for the audit partners and staff.
Office Assistant Wages Expense $3,400
Office Assistant Wages Payable $3,400
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Scenario 2 – Corporate Formation and Shareholder Liability
Frank Brown, a well-known local entrepreneur, owned several businesses that filed for bankruptcy from 2012 to 2019. Last year, Brown established Brown Renovations, Inc. Brown is the sole shareholder and invested $2,500 in the company as a capital contribution. Brown Renovations, Inc. purchased a building for the office, 2 work trucks and supplies using a $250,000 loan obtained from the bank. Brown planned to renovate older homes in an area that did not have space to build new homes. Brown missed several payments on the bank loan and did not pay some of his contractors. As one of Brown. Renovation's creditors, you seek to hold Brown personally liable for the debts of the company.
Will your lawsuit against Brown to hold him responsible for the company's debt be successful? Explain why or why not.
The lawsuit against Frank Brown to hold him personally liable for the debts of Brown Renovations, Inc. will not be successful because shareholders are generally not personally liable for corporate debts.
As one of Brown Renovation's creditors, the lawsuit against Brown to hold him responsible for the company's debt will not be successful. This is because Frank Brown established Brown Renovations, Inc. as a corporation, granting it a separate legal existence from its owners.
Therefore, shareholders are not personally liable for the company's debts. In this scenario, as the sole shareholder, Brown's personal liability is limited, and the creditors cannot hold him accountable unless he has signed a personal guarantee for the debts.
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Net Present Value method - annuity for a service company
New Hotel construction cost 120m
Expected life is 30 years with no residual value.
Expected annual revenue is 35m.
Total expenses including depreciation 20m and minimum acceptable rate of return is 14%.
required.:
Net annual cashflows from operations
NPV of the new hotel
Explanation
Net annual cashflows from operations: The net annual cashflows from operations for the new hotel is $15 million.
NPV of the new hotel: The NPV of the new hotel is -$101.72 million, indicating a negative NPV and suggesting that the investment may not be financially viable based on the given parameters.
Let's calculate the net annual cash flows from operations and the Net Present Value or NPV using the correct formula.
Net Annual Cash Flows from Operations:
Net Annual Cash Flows = Annual Revenue - Total ExpensesNet Annual Cash Flows = $35m - $20mNet Annual Cash Flows = $15mTo calculate the NPV, we need to discount the net annual cash flows from operations over the 30-year period. The NPV formula is as follows:
NPV = Σ (Net Annual Cash Flows / (1 + Discount Rate)^n) - Initial Investment
Where:
Σ represents the summation from year 1 to year n
Discount Rate is the minimum acceptable rate of return
Initial Investment is the construction cost
Let's calculate the NPV using the correct formula:
[tex]\text{NPV} = \sum \left(\frac{\$15m}{(1 + 0.14)^n}\right) - \$120m[/tex][tex]\[\frac{{15m}}{{(1 + 0.14)^1}} + \frac{{15m}}{{(1 + 0.14)^2}} + \ldots + \frac{{15m}}{{(1 + 0.14)^{30}}} - 120m\][/tex]To calculate this accurately, we would need to use a financial calculator or spreadsheet software. However, I can provide you with a general explanation.
If the NPV is positive, it indicates that the investment is expected to generate a return higher than the minimum acceptable rate of return (14%). If the NPV is negative, it suggests that the investment is not financially viable based on the given parameters.
Please note that the calculation assumes a constant annual cash flow of $15 million throughout the 30-year period. In practice, it's essential to consider potential fluctuations in cash flows over time. Additionally, other factors such as taxes and inflation may also impact the final NPV calculation.
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Find future value
N = 30 years, monthly payments
Interest rate = 9%, compounded semi-annually
PV = 0
PMT = -2500
Compute FV
Round to 2 decimal places
After 30 years of monthly payments at a 9% interest rate compounded semi-annually, the investment will be approximately $243,732.86.
The method for calculating the future value of an ordinary annuity can be used to determine the future value (FV) of an investment given the parameters:
FV is calculated as follows: PMT = -$2,500 (monthly payment), r = 9% (annual interest rate), n = 2 (annual compounding periods), and t = 30 years.
The annual interest rate must first be changed to a semi-annual interest rate by dividing it by the yearly compounding rate: r/n = 0.09/2 = 0.045.
The data are then inserted into the formula, which is written as FV = -2500 * ((1 + 0.045/2)(2*30) - 1) / (0.045/2).
We may calculate the future value by evaluating this expression, which is $243,732.86.
Therefore, after 30 years of monthly payments at an interest rate of 9% compounded semi-annually, the investment's eventual value is approximately $243,732.86.
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Behavioral Economics
1000 Coles workers were offered a choice between one of two policies for accident insurance. Each operator can only choose one insurance policy at the beginning of their contract. The insurance package includes all items mandated by the government including comprehensive health cover. Here are some details about the options they can choose from:
➢ Policy X: If the operator makes any claims against the policy, the company will give her the total amount of the claims minus the deductible. Policy X has a deductible of $1800 which will be subtracted from the total claims. If the claim in one year totals less than $1800, the company will pay nothing. If the claim exceeds $1800, the company will pay all the amounts above $1800. The premium for policy X for one year is $2200.
➢ Policy Y: If an operator doesn’t make any claims, the company will give her $1800 back at the end of the year. If an operator files one or more claims, she will get back $1800 minus the amount the company paid out for the claims. If her total claim exceeds $1800, the company will give her no rebate but will pay the claims. The premium for policy Y for one year is $4000.
Based on what you have learned from the behavioural economics course so far, you would predict
a) Policy X is more likely to be chosen
b) Policy Y is more likely to be chosen
c) The two policies are equally likely to be chosen
The answer is a) Policy X is more likely to be chosen based on the behavioral economics perspective. Based on insights from behavioral economics, we can make some predictions about the likely choice between Policy X and Policy Y for the Coles workers.
One relevant concept in behavioral economics is loss aversion, which suggests that people are more sensitive to losses than gains. In this scenario, Policy X offers a sense of security as it covers claims above the deductible amount. Individuals who are risk-averse and value the protection against potential losses may be more inclined to choose Policy X. This is because Policy X ensures that they receive the amount above the deductible if their claim exceeds it.
On the other hand, Policy Y offers the possibility of a rebate if no claims are made. This might be appealing to individuals who are risk-seeking or optimistic, as they have a chance to receive some money back if they remain claim-free. However, the downside is that if a claim is made, the rebate will be reduced by the amount paid out. Considering these behavioral tendencies, we can predict that Policy X is more likely to be chosen by the Coles workers. This is because loss aversion tends to drive individuals to prioritize security and protection against potential losses.
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What is Project Management? What is the role of a project evaluation and planning? Why are more organizations embracing the project management models?
Project Management refers to the discipline of planning, organizing, and managing resources to successfully complete a specific project within defined constraints such as time, budget, and scope. It involves the application of knowledge, skills, tools, and techniques to meet project objectives and deliver desired outcomes.
The role of project evaluation and planning is crucial in project management. Evaluation involves assessing the feasibility and viability of a project, considering factors such as resource availability, cost estimation, risk analysis, and stakeholder engagement. Planning encompasses defining project goals, establishing project scope, developing a detailed project plan, creating a timeline, allocating resources, and identifying potential risks. Effective evaluation and planning set the foundation for successful project execution, ensuring that the project aligns with organizational objectives, is feasible within the given constraints, and maximizes the chances of achieving desired outcomes.
Organizations are increasingly embracing project management models for several reasons. Firstly, project management provides a structured approach to efficiently manage complex projects, minimizing the chances of delays, cost overruns, and scope creep. It enhances coordination, collaboration, and communication among project stakeholders, ensuring everyone is on the same page and working towards a common goal. Project management models also emphasize risk management, allowing organizations to identify potential risks, mitigate them, and adapt to changes effectively. By adopting standardized project management practices, organizations can improve project success rates, enhance efficiency, and drive innovation. Additionally, project management promotes accountability, transparency, and effective resource utilization, enabling organizations to optimize project outcomes and deliver value to stakeholders.
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The demand and supply functions of rice is given as P = 200 – 0.5Q and P = 100 + 0.5Q, respectively. Solve for the equilibrium price and quantity in the rice market. If the government implements a price floor of $180 per unit of rice, appraise the efficiency of the rice market by computing the consumer surplus, the producer surplus and the deadweight loss (if any) in the rice market. Support your answers with a suitable rice market diagram and comment on the winner and loser under this policy
The equilibrium price and quantity in the rice market can be found by equating the demand and supply functions. Given the demand function P = 200 – 0.5Q and the supply function P = 100 + 0.5Q, we can solve for the equilibrium price and quantity.
To find the equilibrium price and quantity, we set the demand and supply functions equal to each other:
200 – 0.5Q = 100 + 0.5Q
Simplifying the equation, we get:
1Q = 100
Q = 100
Substituting the value of Q back into either the demand or supply function, we can find the equilibrium price:
P = 200 – 0.5Q
P = 200 – 0.5(100)
P = 200 – 50
P = 150
Therefore, the equilibrium price is $150 per unit and the equilibrium quantity is 100 units.
If a price floor of $180 is implemented, it is above the equilibrium price. This means that the government sets a minimum price at which rice can be sold. In this case, the new market equilibrium will be at the intersection of the supply curve and the price floor line, which occurs at a quantity of 80 units. The price will remain at $180. To assess the efficiency of the rice market, we can analyze the consumer surplus, producer surplus, and any deadweight loss. Consumer surplus is the area above the price and below the demand curve, and producer surplus is the area below the price and above the supply curve. Deadweight loss represents the loss of total surplus due to market inefficiency.
In the given situation, the consumer surplus decreases as some consumers are willing to pay less than the price floor but are forced to pay the higher price. Producer surplus increases as producers receive a higher price for their rice. However, there is a deadweight loss represented by the triangular area between the original demand curve, the supply curve, and the price floor. The winners under this policy are the producers, as they benefit from the higher price and increased producer surplus. The losers are the consumers who have to pay a higher price, leading to a decrease in consumer surplus.
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Revenues total $20,200, expenses total $17,300, and the owner's withdrawals account has a balance of $12,600. What is the balance in the income summary account prior to closing net income or net loss? A. $2,900 debit B. $9,700 credit C. $2,900 credit D. $9,700 debit
The owner's withdrawals account balance of $12,600 is not relevant to the income summary account.
What is the balance in the income summary account prior to closing net income or net loss if revenues total $20,200, expenses total $17,300, and the owner's withdrawals account has a balance of $12,600?The balance in the income summary account prior to closing net income or net loss is determined by calculating the difference between revenues and expenses.
In this case, the total revenues amount to $20,200, and the total expenses amount to $17,300.
By subtracting the expenses from the revenues, we find a net income of $2,900.
Thus, the income summary account would have a balance of $2,900 credit before closing net income or net loss. This indicates that the company has earned a profit.
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I
n Glenn Stevens' article, the cash flow channel of monetary policy refers to the effect of monetary policy on:
Ca Household saving rate
bMortgage payments by households
c. The costs of debts for firms
d. All of the answers here are incorrect
e Investor risk preference
In Glenn Stevens' article, the cash flow channel of monetary policy refers to the effect of monetary policy on mortgage payments by households. This is the right option from the given alternatives. So the correct answer is option b.
Glenn Stevens is a former governor of the Reserve Bank of Australia.
The cash flow channel of monetary policy is an essential aspect of monetary policy transmission. This transmission channel focuses on the direct and indirect effects of changes in the nominal interest rate and the supply of credit on the cash flow of borrowers. The cash flow channel of monetary policy mainly influences households and firms who have debt obligations, where the change in cash flows affects the ability of borrowers to service their debt obligations.
The cash flow channel affects the cash flows of borrowers through a variety of channels, including the direct impact on debt-servicing costs, the impact on asset prices, and the impact on aggregate demand through spending and investment.
The cash flow channel is more prominent in the household sector than in the corporate sector. This is because households are generally more indebted than firms, and the debt servicing cost is a more significant fraction of household disposable income than of business profits.
The impact of the cash flow channel on the spending and investment decisions of borrowers ultimately depends on the degree of financial constraints, the availability of credit, and the level of household and firm indebtedness. Therefore, the cash flow channel of monetary policy is a crucial aspect of monetary policy transmission and can have a significant impact on the overall economy.
In conclusion, the cash flow channel of monetary policy is the effect of monetary policy on mortgage payments by households, as identified in Glenn Stevens' article. It is a crucial aspect of monetary policy transmission that affects borrowers' cash flows, spending, and investment decisions.
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Which of the following is a common heuristic for assembly line balancing?
A) first come, first served
B) least preceding tasks
C) earliest due date first
D) ranked positional weight
E) most preceding tasks
D
A common heuristic for assembly line balancing is option B) least preceding tasks. This heuristic aims to allocate tasks to workstations on an assembly line based on minimizing the number of tasks preceding each task. The idea is to prioritize assigning tasks to workstations that have fewer tasks already assigned to them.
By using the least preceding tasks heuristic, the goal is to distribute the workload evenly across workstations and minimize the potential bottlenecks or imbalances in the assembly line. This heuristic helps to optimize the efficiency and productivity of the assembly process by ensuring that tasks are allocated in a way that reduces the overall time required to complete the entire production process.
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A common heuristic for assembly line balancing is option B) least preceding tasks. This heuristic aims to allocate tasks to workstations on an assembly line based on minimizing the number of tasks preceding each task. The idea is to prioritize assigning tasks to workstations that have fewer tasks already assigned to them.
By using the least preceding tasks heuristic, the goal is to distribute the workload evenly across workstations and minimize the potential bottlenecks or imbalances in the assembly line. This heuristic helps to optimize the efficiency and productivity of the assembly process by ensuring that tasks are allocated in a way that reduces the overall time required to complete the entire production process.
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A company has provided the following information from the first month of operations: - Purchased raw materials, $84,000 - Operating costs were incurred, $32,800 in the factory and $16,000 for office administration. - Direct labour was $91,000. Indirect labour was $12,200. - Advertising costs were incurred, $2,500. - Direct materials used were $43,000. Indirect materials used were $10,000. - Overhead was applied to work in process, $53,000. - Overhead is applied to jobs based on direct labour hours. The estimate for the year is $600,000 of manufacturing overhead and 60,000 direct labour hours. - All of the jobs were completed and transferred to Finished Jobs. Required: Calculate the balance in the manufacturing overhead account, and label it as either underapplied or overapplied. (3 marks)
It is considered overapplied as the balance in the manufacturing overhead account is negative (-$836,500).
To calculate the balance in the manufacturing overhead account, we need to compare the actual overhead costs incurred with the overhead applied to work in process. Let's calculate the figures step by step:
1. Calculate the actual overhead costs:
Actual overhead costs = Factory operating costs + Office administration costs + Indirect labor costs + Advertising costs + Indirect materials used
Actual overhead costs = $32,800 + $16,000 + $12,200 + $2,500 + $10,000
Actual overhead costs = $73,500
2. Calculate the overhead applied to work in process:
Overhead applied to work in process = Overhead rate per direct labor hour x Direct labor hours
Overhead rate per direct labor hour = Total manufacturing overhead / Total direct labor hours
Overhead rate per direct labor hour = $600,000 / 60,000
Overhead rate per direct labor hour = $10
Overhead applied to work in process = $10 x 91,000 (direct labor hours)
Overhead applied to work in process = $910,000
3. Calculate the balance in the manufacturing overhead account:
Balance in the manufacturing overhead account = Actual overhead costs - Overhead applied to work in process
Balance in the manufacturing overhead account = $73,500 - $910,000
Balance in the manufacturing overhead account = -$836,500
Since the calculated balance in the manufacturing overhead account is negative (-$836,500), it is considered overapplied. This means that more overhead was applied to the jobs than the actual overhead costs incurred during the first month of operations.
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An invoice received by a fumiture dealer provided terms of 2/10,n/30. The dealer made a partial payment of $196 within the cash discount period thereby leaving an unpaid balance of \$286. If the furniture dealer had received trade discount of 10/10, determine the list price of the items purchased.
We can use this information to find the list price of the purchased items using the following formula: Amount paid/Total payment = Amount paid/0.98 List price = 196/0.98 List price = 200 List price/ List price = 196/0.98 List priceList price = (196/0.98) x 100List price = $20000/98 = $204.08Therefore, the list price of the items purchased is $204.08
Given terms: 2/10, n/30Amount of partial payment made: $196Unpaid balance: $286If the furniture dealer had received a trade discount of 10/10, we need to calculate the list price of the items purchased. Before calculating the list price, let's first calculate the amount of the cash discount using the given terms.Discount % = 2Discount = Discount % x List price = 2/100 x List price = 0.02 List priceAmount of cash discount = Discount x List price = 0.02 List price x List priceAmount of cash discount = 0.02 x List priceTotal payment = List price - Amount of cash discount = List price - 0.02 List price = 0.98 List priceNow, we know that the dealer made a partial payment of $196 within the cash discount period, which means that the dealer paid only 98% of the list price and received a discount of 2%. We can use this information to find the list price of the purchased items using the following formula:Amount paid/Total payment = Amount paid/0.98 List price = 196/0.98 List price = 200 List price/ List price = 196/0.98 List priceList price = (196/0.98) x 100List price = $20000/98 = $204.08Therefore, the list price of the items purchased is $204.08.Hope this helps!
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Capturing Value from the customers: (The students are required to analyse how the
company can capture the value from the customers and then to explain how the company generates continuous profit from the customers. The students also need to give some factor contributing to the strong customer relationship of the customer).
To capture value from customers and generate continuous profit, a company needs to focus on several key strategies. Firstly, understanding customer needs and preferences is essential. By conducting market research and gathering customer feedback, the company can tailor its products and services to meet those needs effectively. This customization creates value for customers and increases their willingness to pay.
Additionally, the company can differentiate itself from competitors by offering unique features, innovative solutions, or exceptional customer service. This differentiation builds customer loyalty and reduces the likelihood of customers switching to competitors.
Furthermore, implementing customer retention programs, such as loyalty rewards, exclusive offers, or personalized experiences, can strengthen the customer relationship and drive repeat business. By nurturing strong customer relationships, the company can benefit from customer referrals and positive word-of-mouth, further contributing to continuous profitability.
Factors that contribute to strong customer relationships include trust and reliability. By consistently delivering on promises and providing high-quality products and services, the company establishes a reputation for reliability, which builds customer trust. Open and transparent communication, actively seeking customer feedback, and promptly addressing customer concerns are also important factors in building strong customer relationships.
By effectively capturing customer value, building strong relationships, and continuously meeting customer needs, a company can generate continuous profit by retaining loyal customers and attracting new ones through positive customer experiences and referrals.
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manufacturing treats suppliers and customers as "arm's-length" independent entities. a) Economic b) Productivity improvement C) Lean d) Traditional
The economic perspective in manufacturing, where suppliers and customers are treated as "arm's-length" independent entities focused on individual economic outcomes.
The statement "manufacturing treats suppliers and customers as 'arm's-length' independent entities" aligns with the economic perspective.
a) Economic: In the economic perspective, manufacturing organizations typically view suppliers and customers as separate entities with independent interests. The focus is on optimizing individual economic outcomes and transactions. This approach emphasizes market dynamics, price negotiations, and contractual relationships.
b) Productivity improvement: Productivity improvement refers to the strategies and techniques implemented to enhance the efficiency and effectiveness of manufacturing processes. While it may involve collaborating with suppliers and customers to streamline operations, it doesn't necessarily imply treating them as integrated or interdependent entities.
c) Lean: Lean manufacturing, also known as lean production, aims to eliminate waste and create value for customers through continuous improvement efforts. Lean principles encourage closer collaboration and integration between suppliers, manufacturers, and customers to optimize the entire value chain. The "arm's-length" perspective contradicts the collaborative nature of lean manufacturing.
d) Traditional: The traditional approach to manufacturing often emphasizes functional silos and transactional relationships with suppliers and customers. It focuses on maintaining independence and minimizing collaboration beyond contractual obligations.
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Balance sheet disclosures for preferred stock include all of the following except:
A. The number of shares issued.
B. The number of shares outstanding.
C. The liquidating or redemption value.
D. The credit or market value.
E. The number of shares authorized.
The Balance sheet disclosures for preferred stock that do not include "The credit or market value" of the preferred stock is D. The credit or market value.
The balance sheet is a financial statement that presents a company's financial position at the end of an accounting period. It includes assets, liabilities, and equity sections. Preferred stock is a type of equity capital that has a preferential claim over common stockholders for dividends and assets in case of liquidation of a company. It has its own disclosure requirements that a company must follow while reporting on its balance sheet.
The balance sheet disclosures for preferred stock usually include the following: The number of shares issued.
The number of shares outstanding.
The liquidating or redemption value.
The number of shares authorized.
However, one thing that is not required to be reported as per GAAP guidelines is the credit or market value of the preferred stock on the balance sheet. It can be found by using market value methods such as discounted cash flow or comparable analysis, but it is not required to be reported on the balance sheet.
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What are the "tools" that may be used when conducting fiscal policy? money supply taxes unemployment rate government spending inflation Question 6 1 pts Who "controls" fiscal policy? Federal Reserve Congress State governments Parliament
The tools commonly used when conducting fiscal policy include taxes, government spending, and the manipulation of the money supply. These tools allow policymakers to influence economic conditions and promote desired outcomes.
Taxes can be adjusted to affect the level of government revenue and influence spending patterns of individuals and businesses. Changes in tax rates or structures can impact consumption, investment, and overall economic activity.
Government spending refers to the expenditures made by the government on various sectors such as infrastructure, education, healthcare, and defense. Adjusting government spending levels can stimulate or restrain economic growth depending on the prevailing economic conditions.
Manipulating the money supply involves actions taken by central banks, such as the Federal Reserve in the United States, to influence the availability and cost of money in the economy. This can be done through open market operations, adjusting interest rates, or implementing reserve requirements.
Regarding the control of fiscal policy, it is primarily within the purview of the legislative branch of government. In the United States, for example, fiscal policy decisions, including tax rates and government spending, are made by Congress. State governments also have some authority over fiscal policy within their respective jurisdictions. In other countries, such as the United Kingdom, fiscal policy is controlled by the Parliament. The central bank, such as the Federal Reserve, primarily handles monetary policy rather than fiscal policy.
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The law of demand asserts that, all else being equal, if the price of a certain product or service ________, the quantity demanded of that product or service will ________.
A - rises; stays the same
B - stays the same; decrease
C- falls; increase
D - falls; decrease
F - None of the options above is correct.
The law of demand asserts that all else being equal, if the price of a certain product or service falls, the quantity demanded of that product or service will increase.
When the price of a product or service decreases, it becomes more affordable for consumers. As a result, they are more willing and able to purchase a larger quantity of the product or service. This inverse relationship between price and quantity demanded is a fundamental concept in economics and is known as the law of demand. It reflects the behavior of consumers who seek to maximize their utility or satisfaction by purchasing more of a good when its price is lower. Therefore, option C - falls; the increase is the correct answer.
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Which of the following activities is not part of the management planning and control cycle:
A) data collection and performance feedback.
B) implementation of plans.
C) providing information to investors and creditors.
D) revisiting plans.
The activity that is not part of the management planning and control cycle is providing information to investors and creditors.The correct answer is option (C).
The management planning and control cycle typically involves several key activities.
Data collection and performance feedback (option A) are essential components of the cycle. This involves gathering relevant data and information about the organization's performance, comparing it to established goals and benchmarks, and providing feedback to management.Implementation of plans (option B) is another crucial activity in the cycle. Once plans have been developed, they need to be effectively executed and implemented throughout the organization.
Revisiting plans (option D) is also an important step. As circumstances change and new information becomes available, it is necessary to review and adjust plans accordingly to ensure their continued relevance and effectiveness. However, providing information to investors and creditors (option C) is not typically considered part of the management planning and control cycle. Hence, option (C) is the correct answer.
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cargo/ vehicle security screening system impression of the new technologies. Which do you think are most effective? Least effective? Do you see other applications of the technology in areas other than cargo screening?
Cargo/vehicle security screening system is a method for inspecting vehicles for explosive devices, weapons, or other hazardous substances. These systems are intended to make it easier for cargo and vehicles to be screened and their content identified before entering a particular location. The following are some impressions of the new technologies and their efficiency:
Most effective: The use of scanning technologies such as x-rays and millimeter wave systems for the screening of cargo and vehicles is a highly effective technique for detecting hazardous objects. With the use of AI-powered systems, operators can analyze the data quickly and generate a report with high accuracy.
Least effective: Magnetic fingerprinting is a less effective screening method. It can help detect weapons but is not effective in detecting other hazardous materials, and it is difficult to use in high traffic areas.
Other Applications: These technologies can also be applied in areas other than cargo screening. They can be used in hospitals to check patients for explosives or weapons. They can also be used in public places such as airports, train stations, and malls to prevent dangerous materials from entering and to keep people safe.
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Q2: Assume that Shannon’s decides to move forward with its loyalty/rewards program. Estimates for the cost per customer are $3.1 per month. Average customer margins, before subtracting off the cost of the loyalty/rewards program, are expected to be $36 per customer per month with a boost in retention to 82% per month. What is the resulting CLV if the annual interest rate for discounting cash flows remains the same as in Q1? Compute your answer to the nearest dollar. Flag question: Question 3 Question 310 pts
Q3: Assume that Shannon’s current CLV=$142.00. Based on the change in CLV you computed in the last question, should Shannon’s implement the rewards program?
Group of answer choices Y
es -- introduce rewards program.
No -- do not introduce rewards program
There is insufficient data to answer "yes" or "no."
To calculate the resulting Customer Lifetime Value (CLV) for Shannon's loyalty/rewards program, we need to use the formula: CLV = (Margin per Customer - Cost per Customer) * (Retention Rate / (1 + Discount Rate - Retention Rate)).
With an estimated cost per customer of $3.1 per month and an average customer margin of $36 per month, along with a boost in retention to 82% per month, we can calculate the CLV. However, without the specific discount rate provided, we cannot provide an accurate CLV value in dollars.
CLV is a metric used to estimate the total value a customer brings to a business over their lifetime as a customer. In this case, we have the estimated cost per customer of $3.1 per month and the average customer margin (before subtracting the cost of the loyalty/rewards program) of $36 per month. The boost in retention to 82% per month is also provided.
To calculate the CLV, we need the discount rate (annual interest rate) for discounting cash flows. However, the specific discount rate is not given, so we cannot provide an exact CLV value in dollars.
The formula for CLV is:
CLV = (Margin per Customer - Cost per Customer) * (Retention Rate / (1 + Discount Rate - Retention Rate))
By substituting the given values into the formula, you can calculate the CLV once you have the discount rate. The CLV represents the expected total value generated by each customer over their lifetime with the loyalty/rewards program, considering the margins, costs, and retention rate.
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Deliberate on how Calvert Investment maintained strict SRI
practices, both internally and externally.
Calvert Investment maintained strict socially responsible investment (SRI) practices both internally and externally by integrating sustainability principles into their operations, investment strategies, and engagement with stakeholders.
Internally, Calvert Investment demonstrated its commitment to SRI practices by implementing a comprehensive set of guidelines and policies. These policies ensured that their investment decisions aligned with environmental, social, and governance (ESG) criteria. They conducted thorough research and analysis to assess the sustainability performance of potential investments, considering factors such as carbon footprint, labor practices, and board diversity.
This internal framework enabled Calvert Investment to select companies that exhibited strong ESG practices and excluded those involved in controversial industries such as tobacco or weapons manufacturing.
Externally, Calvert Investment engaged with stakeholders to promote SRI practices and advocate for positive change. They actively participated in dialogues with companies, policymakers, and industry organizations to influence corporate behavior and encourage responsible practices.
Calvert Investment also utilized its proxy voting rights to support shareholder resolutions that promoted sustainability, diversity, and other ESG considerations. By leveraging their influence and engaging with external stakeholders, Calvert Investment sought to foster a culture of sustainability and promote transparency in the companies they invested in.
Overall, Calvert Investment maintained strict SRI practices by integrating sustainability principles into their operations, conducting thorough research, engaging with stakeholders, and advocating for positive change. Their commitment to SRI internally and externally demonstrated their dedication to aligning financial goals with environmental and social considerations.
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Suppose that you are a currency speculator, based in the U.S. attempting to capitalize on a possible depreciation of the Canadian dollar (C\$\$). On January 1st, the spot rate for the Canadian dollar is $0.64. This is also the price at which futures contracts for Canadian dollars are being sold. You Suppose that on February 10th, the Canadian doliar depreciates (as you speculated) to $0.60 in the spot market. (U.S. dollars) for the exchange.
Since you had entered into futures contracts at the January 1st spot rate of $0.64, which is higher than the spot rate on February 10th, you can profit from the depreciation of CAD.
As a currency speculator, you anticipated a possible depreciation of the Canadian dollar (CAD) and aimed to capitalize on it. On January 1st, the spot rate for CAD was $0.64, and futures contracts for CAD were also being sold at this price. On February 10th, your speculation turns out to be correct, and the Canadian dollar depreciates to $0.60 in the spot market against the US dollar (USD). This means that the CAD has lost value relative to the USD.
Since you had entered into futures contracts at the January 1st spot rate of $0.64, which is higher than the spot rate on February 10th, you can profit from the depreciation of CAD. You can sell the CAD at the higher futures contract rate and buy them back at the lower spot rate, realizing a gain. The extent of your gain will depend on the volume of CAD you hold and the difference between the futures contract rate and the spot rate on February 10th. By capitalizing on the depreciation of CAD, you have successfully executed your currency speculation strategy and made a profit.
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Assume you won a prize and will recelve $31.500 for the next 13 years
a. How much is your prize worth now if the interest rate is 10 percent? (Enter your answer as a whole number rounded to 2 decimal places.)
b. Should you accept $205.000 now in exchange for the future poyments? No/Yes.
a. The present value of the prize is $13,080.57.
b. Yes, you should accept $205,000 now in exchange for the future payments.
a. To calculate the present value of the prize, we use the formula for the present value of an annuity. With a 10 percent interest rate and 13 years of payments, the present value can be calculated as follows: PV = PMT * (1 - (1 + r)^(-n)) / r, where PV is the present value, PMT is the payment per period, r is the interest rate, and n is the number of periods. Plugging in the values, we get PV = $31,500 * (1 - (1 + 0.10)^(-13)) / 0.10 = $13,080.57.
b. If you are offered $205,000 now in exchange for the future payments, you should compare this amount with the present value of the prize. Since the present value of the prize is $13,080.57, and the offered amount is higher ($205,000), it is beneficial to accept the $205,000 now in exchange for the future payments. This way, you will receive a larger lump sum immediately instead of waiting for the payments to be received over 13 years.
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An effective press release aims to appeal to a wide audience rather than focusing on a targeted audience.
True or False
False.
An effective press release typically focuses on a targeted audience rather than attempting to appeal to a wide audience. The purpose of a press release is to communicate specific information or news to journalists, reporters, and other members of the media who are interested in that particular subject or industry.
By targeting a specific audience, the press release can be tailored to their interests and needs, increasing the chances of gaining media coverage and generating relevant attention. Casting a wide net and trying to appeal to a broad audience may result in a diluted message that fails to capture the attention of the intended audience.
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On March 1. Eckert and Kelley formed a partnership. Eckert contributed $75.000 cash, and Kelley contributed land valued at $60.000 and a buliding valued at $90,000. The partnership also took Kelley's $65,000 long-term note payable associated with the land and building. The partners agreed to share income as follows: Eckert gets an annual salary allowance of $30,500, both get an annual Interest allowance of 99 of their initial capital investiment, and any remaining income or loss is shared equally. On October 20 . Eckert withdrew $32,000cash and Kelley withdrew $25,000 cash. First year income was $99,000. Required: 1a. \& 1b. Prepare journal entries to record the partners' initial capital investments and their subsequent cash withdrawals. 1c. Determine the partners' shares of income, and then prepare journal entries to close income Surmmary and the partners' withidrawils accounts. 2. Determine the balances of the partners' capital accounts as of December 31.
1a. Journal entry to record partners' initial capital investments:
Eckert: Cash 75,000Kelley: Land 60,000
Building 90,000 Note Payable 65,000
1b. Journal entry to record partners' cash withdrawals:
Eckert: Cash 32,000Kelley: Cash 25,000
1c. Partners' share of income:
Eckert: Salary 30,500 Interest (99% of 135,000) 133,650
Kelley: Salary 30,500 Interest (99% of 135,000) 133,650
Journal entry to close Income Summary and withdrawals:
Income Summary 99,000 Eckert, Capital (1/2 share) 49,500
Kelley, Capital (1/2 share) 49,500
1a. The initial capital investments are recorded by debiting the respective capital accounts and crediting the contributed assets (cash, land, and building).
1b. The partners' cash withdrawals are recorded by debiting the partners' drawing/withdrawal accounts and crediting the cash account.
1c. The partners' shares of income are determined based on the agreed-upon allocation. Eckert receives an annual salary of $30,500 and 99% of the initial capital investment ($75,000). Kelley also receives an annual salary of $30,500 and 99% of the initial capital investment ($75,000). The remaining income or loss is shared equally between the partners.
To close the income summary and withdrawals accounts, the income earned ($99,000) is debited to the Income Summary account and credited equally to the partners' capital accounts. This ensures that the income is properly allocated among the partners. The withdrawals are not closed, as they represent personal drawings and are not part of the partnership's net income.
2. To determine the balances of the partners' capital accounts as of December 31, we need additional information such as the net income/loss for the year and any further capital contributions or withdrawals made during the year.
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After China entered the World Trade Organization in 2001, US investment in the manufacturing industry declined in some States due to a decrease in the demand for goods made in the US. Here we will use the ADIA model to understand the potential effects of what people call the "China trade shock".
a) Suppose we are originally at a point where real GDP = potential GDP. Draw the initial long-run equilibrium using the three diagrams we saw in class (i.e. AD-IA, monetary policy rule, and expenditure line).
b) Suppose that this trade shock led to a sudden drop in exports, a rise in imports, and a drop in investment in the US economy. Depict the short-run equilibrium in your three diagrams.
c) Depict (and label) the medium–run equilibrium and explain in words how the economy would move from short-run to medium-run equilibrium. Mention all relevant economic variables
In the initial long-run equilibrium, real GDP is equal to potential GDP. The AD-IA model, monetary policy rule, and expenditure line are used to depict this equilibrium.
The trade shock leads to a drop in exports, a rise in imports, and a decrease in investment, resulting in a short-run equilibrium. The three diagrams illustrate this new equilibrium.
The medium-run equilibrium is depicted and labeled, and the explanation is provided on how the economy transitions from the short-run to the medium-run equilibrium, considering relevant economic variables.
a) In the initial long-run equilibrium, real GDP is at its potential level, indicating that the economy is operating at full capacity. The AD-IA model illustrates this equilibrium by showing aggregate demand (AD) intersecting the aggregate income (IA) line at the level of potential GDP. The monetary policy rule represents the stance of monetary policy, and the expenditure line depicts the total spending in the economy.
b) The trade shock causes a sudden decrease in exports, an increase in imports, and a decline in investment. This leads to a short-run equilibrium where aggregate demand (AD) decreases, resulting in a lower level of real GDP. The AD-IA model shows a leftward shift in the AD curve, intersecting the IA line at a lower level of output. The monetary policy rule and expenditure line may adjust accordingly to reflect the changes in economic conditions.
c) The medium-run equilibrium is the point where the economy adjusts to the shock and reaches a new long-run equilibrium. Over time, the economy adapts to the changes caused by the trade shock. For instance, a decrease in exports may lead to a decrease in employment, which reduces wages and production costs.
This can result in an upward shift of the IA line, indicating an increase in potential GDP. The economy gradually moves from the short-run to the medium-run equilibrium as wages, prices, and other economic variables adjust to restore balance. The specific adjustment process and the time it takes to reach the medium-run equilibrium can vary depending on various factors and economic dynamics.
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4) Mount Carmel Company sells only two products, Product A and Product B.
Product A Product B Total
Selling price $40 $50
Variable cost per unit $24 $40
Total fixed costs $840,000
Mount Carmel sells two units of Product A for each unit it sells of Product B. Mount Carmel faces a tax rate of 30%. Mount Carmel desires a net after-tax income of $73,500. The breakeven point in units would be:
A) 21,750 units of Product A and 43,500 units of Product B
B) 22,500 units of Product A and 45,000 units of product B
C) 43,500 units of Product A and 21,750 units of Product B
D) 45,000 units of Product A and 22,500 units of Product B
The breakeven point in units would be 45,000 units of Product A and 22,500 units of Product B. So, the correct answer is option D) 45,000 units of Product A and 22,500 units of Product B.
To calculate the breakeven point in units, we need to determine the sales mix between Product A and Product B that results in the desired net after-tax income.
Let's denote:
X as the number of units of Product A
Y as the number of units of Product B
Given that Mount Carmel sells two units of Product A for each unit of Product B, we can express the sales mix as X:Y = 2:1.
The contribution margin per unit can be calculated as follows:
Product A: Selling price - Variable cost per unit = $40 - $24 = $16
Product B: Selling price - Variable cost per unit = $50 - $40 = $10
The total contribution margin (TCM) can be calculated as follows:
TCM = (Contribution margin per unit of A * X) + (Contribution margin per unit of B * Y)
TCM = (16X) + (10Y)
The breakeven point occurs when the total contribution margin equals the total fixed costs.
Total contribution margin = Total fixed costs
(16X) + (10Y) = $840,000
We also know that the desired net after-tax income is $73,500. To calculate the before-tax income, we divide the desired net after-tax income by (1 - tax rate):
Before-tax income = Desired net after-tax income / (1 - tax rate)
Before-tax income = $73,500 / (1 - 0.30)
Before-tax income = $73,500 / 0.70
Before-tax income = $105,000
Now we can set up an equation to find the breakeven point:
(16X) + (10Y) = $840,000 + $105,000
(16X) + (10Y) = $945,000
Since X:Y = 2:1, we can rewrite the equation as:
16(2Y) + (10Y) = $945,000
32Y + 10Y = $945,000
42Y = $945,000
Y = $945,000 / 42
Y ≈ 22,500 units of Product B
Since two units of Product A are sold for each unit of Product B, the number of units of Product A can be calculated as:
X = 2Y
X = 2 * 22,500
X = 45,000 units of Product A
Therefore, the breakeven point in units would be 45,000 units of Product A and 22,500 units of Product B.
So, the correct answer is option D) 45,000 units of Product A and 22,500 units of Product B.
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