Answer: False
Explanation:
An isoquant is a simply a curve or a graphical representation of the inputs that are required to yield identical output levels. An isoquant simply means quantity of output that is constant.
L-shaped isoquants describing production systems in which inputs are perfect substitutes is false. It is used to describe scenarios whereby the inputs in question are complements.
Ken just purchased new furniture for his house at a cost of $16,700. The loan calls for weekly payments for the next 6 years at an annual interest rate of 11.17 percent. How much are his weekly payments
Answer: $73.51
Explanation:
No. of periods = 6 * 52 weeks = 312 weeks
Weekly Interest rate = 11.17%/52 = 0.2148%
Weekly Payment = Cost * (rate / ( 1 - ( 1 + r ) ^ -n))
= 16,700 * (0.2148% / (1 - (1 + 0.2148%)⁻³¹²))
= $73.51
ECC Corp. will pay annual dividends of $20 per share for the next 5 years. At the end of year 6, ECC will increase the dividends by 1% per year forever. The required rate of return on this stock is 6%. What is the price of the stock today?
Answer:
$386.14
Explanation:
The computation of the price of the stock today is as follows;
But before that following calculations need to be done
Year 6 dividend = $20 × (1 + 1%)
= $20 × (1 + 0.01)
= 20.2
Now
Value at year 5 = Dividend at year 6 ÷ (required rate - growth rate )
= $20.2 ÷ (0.06 - 0.01 )
= $20.2 ÷ 0.05
= 404
Now
Price of stock = Annuity × [1 - 1 ÷ (1 + r)^n] ÷ r + FV ÷ (1 + r)^n
= $20 × [1 - 1 ÷ (1 + 0.06)^5] ÷ 0.06 + 404 ÷ (1 + 0.06)^5
= $20 × [1 - 0.747258] ÷ 0.06 + 301.892302
= $20 × 4.212367 + 301.892302
= $386.14
An excise tax on alcohol causes the supply of alcohol to decrease and the price of alcohol to decrease.
a. True
b. False
Answer:
False
Explanation:
An excise tax is tax levied on some specific goods. It is an indirect tax because it is not levied on customers.
Excise tax would increase the cost of supplying alcohol. This would reduce the supply of tax. A decrease in the supply of tax would increase the price of alcohol
You will deposit $1,200 at the beginning of every four years for 20 years. If the effective rate of interest is 6%, how much will you accumulate at the end of the 20 year period
Answer:
Total FV= $14,011.21
Explanation:
Giving the following information:
Annual deposit= $1,200 (beginning)
Number of periods= 20 years
Interest rate= 6%
To calculate the total future value, we need to use the following formula on each deposit:
FV= [PV*(1+i)^n]
FV1= [1,200*(1.06^20)]
FV1= 3,848.56
FV2= [1,200*(1.06^16)]
FV2= 3,048.42
FV3= [1,200*(1.06^12)]
FV3= 2,414.64
FV4= [1,200*(1.06^8)]
FV4= 1,912.62
FV5= [1,200*(1.06^4)]
FV5= 1,514.97
FV6= [1,200*1.06]
FV6= 1,272
Total FV= $14,011.21
A ten-year $2,000,000 bond is issued on January 1, 20xx with a 5% stated interest rated. Interest is paid semiannually on June 30 and December 31st. What is the amount that would be recorded as interest expense on June 30, 20xx (the first interest payment), assuming that no interest expense has been recorded since the bond was issued on January 1st
Answer:
the amount of interest expense as on June 30 is $50,000
Explanation:
The computation of the amount of interest expense as on June 30 is shown below
= Bond amount × rate of interest × number of months ÷ total number of months
= $2,000,000 × 5 months × 6 months ÷ 12 months
= $50,000
hence, the amount of interest expense as on June 30 is $50,000
We simply applied the above formula so that the correct value could come
And, the same is to be considered
4.) You find out that your aunt works for a defense manufacturing company that has several defense contracts with the government she tells you that she works for a team that is producing a communication satellite.
5.) Your class visits a local jail run by a private profit making company that detains county criminals in this paid with tax revenue.
Answer:
1) public
2) merit
3) public
4) public
5) individual
Explanation:
1) Fire fighters and their fire prevention can be considered a public good because they are granted free of charge. Public goods are a benefit of being a citizen and are provided. This is an example of a public good for the services are provided for free and without any profit to the owners, such as the government or a different corporation.
2) The goods and services provided are merit goods because they come from the government and the private sector. They were collected by taxes. Your cousin attends a nearby elementary school that is supported financially by local property tax revenue. Being that the case, the goods and services provided are public because they come from the government and the private sector. Taxes are helping the young man get their education. The Government provide merit goods and services to promote consumption and equity. The government considers that consumption would not be based on the ability to pay.
3) The Military spending is not seen as public good, but Defense is. In economics, it is considered that a public good something that's non-rivalrous and also excludable in a way that individuals may not be excluded from using or enjoying the goods without having to pay for it. In the US, both the air that you breathe and public defense are considered public goods.
4) It is a public good as the contracts that the company has with the government is because that the government wants to invest in it as it is in the best interest of its people. The central role of the government in any country is to bring prosperity and this is done by investing in infrastructure and meeting the expectations of its people by investing in different areas which includes defense, communication, transport, infrastructure development, education, health, etc.
5) Individual good is the right answer. An individual good has the characteristic of being exclusive of property rights and rivalry of consumption, meaning that the owner can prevent it from being consumed by anyone and they can be consumed by individuals without affecting their availability to other individuals. In the example, it only gets sustained by the local taxes and only puts behind bard the county criminals and not any criminal, so this is why individual good fits the answer
hope this helps
equired information Accounts receivable are amounts due from customers for credit sales. A subsidiary ledgerlists amounts owed by each customer. Credit sales arise from at least two sources: (1) sales on credit and (2) store credit card sales. Sales on credit refers to a company's granting credit directly to customers. Store credit card sales involve customers' use of store credit cards. Sellers allow customers to use credit cards for all of the following reasons:
a. seller does not have to decide who gets credit.
b. seller accepts the risk for extending credit to customers.
c. seller receives cash sooner than if credit is granted directly to the customers.
d. may allow seller to increase sales volume.
e. seller determines which customers receive credit and how much.
Answer:
a. c. and d.
Explanation:
Credit cards are extremely commonly used because of its ease of use and because it gives both sellers and buyers many benefits. For sellers they allow customers to use credit cards because they do not have to decide who gets credit, seller receives cash sooner than if credit is granted directly to the customers, and may even allow the seller to increase sales volume. This in general gives the seller a new payment option that is widely used which in term brings in more customers as they are able to purchase the products with money they do not currently have.
Which of the following people would likely be issued an order for specific performance or an injunction, rather than a monetary award?
a.) Franco hires a builder to build his new house. After a year of construction, Franco moves in and discovers that the workmanship is subpar and many parts of the house violate the building code. Franco sues the builder for breach of contract.
b.) Alicia, an artist, has a signed contract with one of her patrons that promises them the right of first refusal for any sculpture she completes. When she finishes her latest sculpture, she wants to sell it to another friend for $75,000 instead. The patron sues Alicia for breach of contract.
c.) Teagan owns an appliance store, and he decides to bend his usual store policy by allowing Pierce to buy a new refrigerator with a personal check. When the check bounces and Pierce refuses to pay with cash, Teagan sues Pierce for breach of contract.
d.) Julie buys a used laptop from a local computer repair shop for $350. When she gets the computer home, she discovers it doesn't work. The shop refuses to repair the computer or refund her money, so Julie sues the shop for breach of contract.
Answer: b. Alicia, an artist, has a signed contract with one of her patrons that promises them the right of first refusal for any sculpture she completes. When she finishes her latest sculpture, she wants to sell it to another friend for $75,000 instead. The patron sues Alicia for breach of contract.
Explanation:
An injunction is a judicial order whereby an individual is restrained from either starting or continuing a particular action whereby the legal right of an economic entity is being threatened. In such case, the person involved must do what is expected of him or her.
In the scenario in the question, the person that is likely be issued an order for specific performance or an injunction, rather than a monetary award is Alicia, an artist, has a signed contract with one of her patrons that promises them the right of first refusal for any sculpture she completes. When she finishes her latest sculpture, she wants to sell it to another friend for $75,000 instead. The patron sues Alicia for breach of contract.
If $500 is invested at an annual interest rate of 8% per year, its future worth at the end of 30 years will be most nearly:_________. a. $1, 200 b. $1, 700 c. $5, 031 d. $15,000
Answer:
c. $5,031
Explanation:
The value of amount the dollar invested today is going to be worth in Future is known as its Future Value.
The Future Value is calculated using Time Value of Money techniques. Here i will specifically use a financial calculator as below :
PV = - $500
I = 8%
N = 30
PMT = $0
P/YR = 1
FV = ?
Inputting the values as shown gives a Future Value of $5,031
The future worth at the end of 30 years will be most nearly be c. $5, 031
Think about a small business you might enjoy opening. Typical examples might be a restaurant, specialty clothing store, or professional service. Assume that it will be in a monopolistically competitive market structure. How will you specifically differentiate your product from others in the market
Answer:
Explanation:
When opening a business in a monopolistically competitive market structure it is incredibly difficult to compete and find a loyal customer base to make a profit. The best way to differentiate your product would be to personalize it as much as possible for every client. Personalizing not only the product but the shopping experience for each individual client makes that client feel special and cared about. This helps convince them to purchase this product from you as opposed to a competitor. Therefore, slowly increasing your loyal customer base.
The features of a product that make it dífferent from other products on the market are collectively referred to as the
product's
O point of difference
O protocol
O market distinction
O product mix
Answer:
point of difference
Explanation:
Points of difference is the term that also describes the salient features that make a product stand out from its competitors. There are unique traits that make a product different from the rest. Points of difference are also referred to as differentiators or key differentiators.
Marketers use the point of difference to advertise or promote a product. They highlight the stand-out attributes to convince customers to buy.
A new venture will require an initial investment in fixed assets of $20,000 and in working capital of $10,000. The fixed assets will have no salvage value at the end of the project's four-year life, and the working capital will be completely recovered at the end of the project. The organization's cost of capital is 16%. At a time value of money of 16%, the present value of an ordinary annuity of $1/year for four years is 2.8 and the present value of $1 at the end of four years is 0.6. What is the annual net cash inflow required for the project to break even on a time-adjusted basis
Answer:
$5,000
Explanation:
we need to determine the annual cash flows in order that NPV = $0
initial outlay = present value of future cash flows
$20,000 = (FCF x 2.8) + ($10,000 x 0.6)
$20,000 = 2.8FCF + $6,000
$14,000 = 2.8FCF
FCF = $14,000 / 2.8 = $5,000
Select the example that is inconsistent with the provisions of the UCC for contract remedies for a seller's breach of contract.
a) A cell phone company specifies in its sales contract that if a product is defective, the buyer's only remedy is to receive a replacement phone.
b) The sales contract for an art dealer excludes specific performance as a remedy for non-delivery of items ordered by the buyer, but it does not exclude all remedies.
c) An appliance manufacturer's sales contract gives buyers a maximum of six months to raise any concerns relating to breach of contract.
d) In its sales contract, an airplane manufacturer eliminates responsibility for consequential damages related to loss of business in the case of a delivery error.
Answer:
The example that is inconsistent with the provisions of the UCC for contract remedies for a seller's breach of contract is:
c) An appliance manufacturer's sales contract gives buyers a maximum of six months to raise any concerns relating to breach of contract.
Explanation:
Consumers have up to six years to raise concerns relating to breach of contract, even though the goods under the contract may not last up to this period. Therefore, the provision by the appliance manufacturer that buyers have a maximum of six months to raise concerns is inconsistent with the Uniform Commercial Code (UCC). The code sets the same comprehensive laws for all commercial activities in the US.
Karen wants to buy stock, but is worried about the current "bear market." What does this mean?
A.that many investors are selling their stocks in anticipation of lower profits
B.that many investors are buying stocks in anticipation of higher profits
C.that protits from stocks are rising, making it-a good time to buy
D. that profits from stocks are falling, making it a good time to buy
Answer:
A.that many investors are selling their stocks in anticipation of lower profits
Explanation:
In stock market terminologies, a bear market is a selling market. If the traders' sentiments are to sell a stock, tell the market for the stock is referred to as a bear market.
Generally, when a company is performing well financially, its stock price will appreciate. Investors will buy its stocks in anticipation of increased dividends and selling the stocks at a higher price. Should investors anticipate a loss, they will start selling the stocks. Karen is concerned with the current bear market as it signals the stocks are likely to yield reduced earnings.
Hansel and Gretel decide to organize a partnership. Hansel invests $15,000 cash, and Gretel contributes
$12,000 cash and equipment having a book value of $6,000 and a fair value of $9,000.
Choose the entry to record Gretel's investment in the partnership.
a.Cash....................................................................................... 12,000
Gretel, Capital ................................................. 12,000
b. Equipment ............................................................................ 6,000
Gretel, Capital .............................................. 6,000
c. Cash....................................................................................... 12,000
Equipment .................................................................... 6,000
Gretel, Capital ............................................... 18,000
d. Cash....................................................................................... 12,000
Equipment ...................................................................... 9,000
Gretel, Capital ................................................... 21,000
Answer:
c. Cash....................................................................................... 12,000
Equipment .................................................................... 6,000
Gretel, Capital .......
Explanation:
The journal entry is as follows;
Cash Dr $12,000
Equipment Dr $6,000
To Gretel capital $18,000
(Being the investment done by gretel is recorded)
Here the cash and equipment is debited as it increased the assets while on the other hand the capital account is credited as it also increased the shareholder equity
Therefore the option c is correct
The Holiday Corporation had sales of $450 million this year. Its accounts receivable balance averaged $30 million. How long, on average, does it take the firm to collect on its sales
Answer:
24.3 days
Explanation:
Calculation for How long, on average, does it take the firm to collect on its sales
Using this formula
Average collection period = (Accounts receivable / Credit sales) * 365 days
Let plug in the formula
Average collection period =$30 million/$450 million *365 days
Average collection period =24.3 days
Therefore How long, on average, does it take the firm to collect on its sales is 24.3 days
a seller and a broker enter into a six month agreement where the seller agrees to pay a commission to the broker, regardless of who actually sells the property. What type of cotnract is this?
Answer:
exclusive right to sell
Explanation:
The exclusive right to sell is an agreement between the seller and broker in which the broker received the commission from the seller irrespective who actually sales the property
Therefore as per the given situation, since there is an agreement done between both the parties for 6 months and the same criteria is to be followed
So it is a exclusive right to sell
ideas to re-motivate employees
Answer:
Explanation:
Giving gifts and promotions to hardworking employees
Submit your project calculating the financial ratios of a publicly traded company. Be sure to follow WILL MARK BRANLIEST these guidelines:
• Identify the publicly traded company you selected.
• List the four financial ratio categories and the ratio you have chosen from each category.
• Show the data you used from the annual report and how you calculated the four financial ratios.
• Show the four ratios.
Answer:
what grade is this?
Explanation:
is the college???
Which one of the following accounts will be debited when making closing entries?
a. Cost of goods sold
b. Sales Revenue
c. Cash
d. Accounts Payable
Answer:
b. Sales Revenue
Explanation:
You need to close temporary accounts, i.e. those included in the income statement. Sales revenue is closed against income summary account, the same as cost of goods sold. But in order to close cost of goods sold you must credit the account, not debit it. Cash and accounts payable are permanent accounts that are not closed at the end of the accounting period.
For a present sum of $840,000, determine the annual worth (in then-current dollars) in years 1 through 6 if the market interest rate is 10% per year and the inflation rate is 3% per year. The annual worth is:________ $ .
Answer:
The annual worth is:________
$667,380
Explanation:
Present value of investment = $840,000
Number of years = 6
Market interest rate = 10%
Inflation rate = 3%
Real interest rate = 7%
PV Annuity factor = 4.767
Total FV of annuity = $840,000 * 4.767 = $4,004,280
Annual worth = $4,004,280/6 - $667,380
The annual worth of the investment of $840,000 will be $667,380 based on the market-adjusted interest rate of 7% (10 - 3).
What is the Modified Internal Rate of Return (MIRR) of a project with the following cash flows? The discounting rate is 12%.
Year Cash Flow
0 -1,200,000
1 400,000
2 500,000
3 500,000
4 500,000
5 500,000
a. 9.90%
b. 23.49%
c. 20.72%
d. 23.02%
e. 16.62%
f. 34.35%
g. 20.26%
Answer:
g. 20.26%
Explanation:
The computation of the MIRR is as follows;
Here we applied the MIRR formula in an excel
Year Cash flow
0 -1,200,000
1 400,000
2 500,000
3 500,000
4 500,000
5 500,000
After applying the MIRR formula, the MIRR is 20.26%
Therefore the correct option is g.
The main goals of an engineering ethics class if to memorize the professional codes of ethics as formulated by professional organizations like the NSPE.
a. True
b. False
Answer:
a. True
Explanation:
NSPE stands for National Society of Professional Engineers. It is a professional association or a professional society which represents the licensed professional engineers in the United States of America.
The NSPE code of ethics for the engineers are the guideline of their professional works with honesty and integrity. It teaches the engineers to perform their professional duty with high principles of the ethical conduct.
Thus the main objective of an engineering ethics class is to make the engineers learn about the ethical conducts in their profession and memorize them and practice while delivering work as a professional.
True or False: Capital budgeting, capital structure, and dividend policy decisions are important to managers and shareholders because their consequences can affect the amount, timing, and riskiness of the cash flows produced by the firm and its securities.
Answer:
I would go with true.
Explanation:
Shareholders want there shares to increase, so they would like the company to make good business decisions.
In an ideal world if you manage a companies budgeting and structure perfectly you would have no risk involved in the cash flow.
Hope I helped!
HBX reported the following changes in its balance sheet accounts in 2016: Accounts receivable increased by $40; accounts payable decreased by $25; accrued expenses increased by $20; net fixed assets decreased by $60. What would be the net change in the cash account
Answer:
Change in Cash is $15
Explanation:
The computation of the net change in the cash account is as follows:
But before that the following calculations need to be done
Change in Liabilities & Stockholders’ Equity = Change in Accounts Payable + Change in Accrued Expenses
= -$25 + $20
= -$5
Now
Change in Assets = Change in Liabilities & Stockholders’ Equity
= -$5
And,
Change in Assets = Change in Cash + Change in Accounts Receivable + Change in Net Fixed Assets
-$5 = Change in Cash + $40 - $60
So, the Change in Cash is $15
So, net change in cash account is $15
1) Zahra and Joseph sign a contract worth $1,000. When Zahra breaks the contract, Joseph loses the $1,000. Which type of monetary award does Joseph receive if he is later awarded $1,000?A) Restitution.B) Compensatory damages.C) Incidental damages.D) Nominal damages.2) A manufacturer of a disposable butane lighter is sued for the wrongful death of two adults and a child under strict products liability law when the family's house burned down as a result of the six-year-old child setting bed clothes on fire using the manufacturer's butane lighter. The allegation against the manufacturer is based on the theory that the lighter was defective because it did not have a childproof device to prevent children from igniting the lighter. This butane lighter had the words: "Keep Out of Reach of Children" written on the outside of the lighter body. How strong of a case does the family's estate have in its strict product liability lawsuit against the manufacturer based on the lighter being a defective product?A) Strong, because the product only contained a warning to keep the lighter away from children, but did not provide a childproofing mechanism.B) Weak, because there was no evidence that the product was unreasonably dangerous in normal use.C) Weak, because it would be difficult to prove with certainty that the lighter was the cause of the fire.D) Strong, because lighters are unavoidably unsafe.
Answer:
1) Zahra and Joseph sign a contract worth $1,000. When Zahra breaks the contract, Joseph loses the $1,000. Which type of monetary award does Joseph receive if he is later awarded $1,000?
B) Compensatory damages.Compensatory damages are awarded in order to compensate the non-breaching party for a loss resulting from the breach of the contract.
2) A manufacturer of a disposable butane lighter is sued for the wrongful death of two adults and a child under strict products liability law when the family's house burned down as a result of the six-year-old child setting bed clothes on fire using the manufacturer's butane lighter. The allegation against the manufacturer is based on the theory that the lighter was defective because it did not have a childproof device to prevent children from igniting the lighter. This butane lighter had the words: "Keep Out of Reach of Children" written on the outside of the lighter body. How strong of a case does the family's estate have in its strict product liability lawsuit against the manufacturer based on the lighter being a defective product?
B) Weak, because there was no evidence that the product was unreasonably dangerous in normal use.In order for a manufacturer to be liable for selling an unreasonably dangerous product, the product must be unreasonably dangerous to use by a normal average consumer. In other words, in normal use, is the product dangerous to use or not? A lighter is a common product, it is not something extremely technical that requires special training for its use. It is also of common knowledge that lighters produce fire, and fire is dangerous.
Many normal products can be extremely dangerous if used in uncommon ways, e.g. if you drink Clorox you might get poisoned, but no one should be drinking Clorox. It is common sense. The manufacturer's liability exists when the product is dangerous to use under normal circumstances, but a small child should not be allowed to play with lighters, nor matches, nor guns, nor electric circuits, nor anything else that represents a threat to their lives.
Products are meant to be used by normal users, and small children are not supposed to smoke or use a lighter. E.g. a small child can actually drive a car, and will probably get into an accident, but they are not supposed to drive a car. So the manufacturer is not responsible for selling an unreasonable dangerous product, the parent that allowed his/her kid to drive the car is responsible.
Satellite Systems modified its model Z2 satellite to incorporate a new communication device. The company made the following expenditures:
Basic research to develop the technology $3,900,000
Engineering design work 1,180,000
Development of a prototype device 590,000
Testing and modification of the prototype 390,000
Legal fees for patent application 79,000
Legal fees for successful defense of the new patent 39,000
Total $6,178,000
During your year-end review of the accounts related to intangibles, you discover that the company has capitalized all the above as costs of the patent. Management contends that the device represents an improvement of the existing communication system of the satellite and, therefore, should be capitalized.
4. value:
1.92 points
Required information
Required:
1. Determine the amount Satellite Systems should capitalize to the Patent account in the balance sheet.
5. value:
1.92 points
Required information
2. Determine the amount Satellite Systems should report as research and development expense in the income statement.
Answer: See explanation
Explanation:
a. Determine the amount Satellite Systems should capitalize to the Patent account in the balance sheet.
This would be:
Legal fees for application of patent = $79,000
Add: Legal fees for successful defense of new patent = $39000
Total cost = $79000 + $39000 = $118,00
b. Determine the amount Satellite Systems should report as research and development expense in the income statement.
This would be:
Basic research in developing technology = $3,900,000
Add: Engineering design work = $1,180,000
Add: Development of prototype device = $590,000
Add: Testing and modification of prototype = $390,000
Total = $6,060,000
Williams Company pays each of its two office employees each Friday at the rate of $240 per day for a five-day week that begins on Monday. If the monthly accounting period ends on Tuesday and the employees worked on both Monday and Tuesday, the month-end adjusting entry to record the salaries earned but unpaid is:
Answer:
DrSalaries Expense $960
Cr Salaries Payable $960
Explanation:
Based on the information given we were told that the Company pays each of its two office employees each Friday at the rate of $240 per day which means that if the employees worked on both Monday and Tuesday, the month-end adjusting Journal entry to record the salaries earned but unpaid is:
Dr Salaries Expense $960
Cr Salaries Payable $960
Using this formula to Calculate the amount
Amount = Rate per day * Number of days * Number of employees
Let plug in the formula
Amount= $240 * 2 * 2 employees
Amount= $960
How the big crunch happen according to the steffen hawking?
Answer:
Before he passed away in March, theoretical physicist Stephen Hawking had published more than 230 articles on the birth of the universe, black holes and quantum mechanics. It turns out he had one more theory left in the locker.
On Wednesday, the Journal of High Energy Physics published the British scientist's final thoughts on the Big Bang, the leading theory for how the universe began. The new report, co-authored by Belgian physicist Thomas Hertog, counters the longstanding idea that the universe will expand for eternity. Instead, the authors argue the Big Bang had a finite boundary, defined by string theory and holograms.
Work with delivery teams that are implementing the solution to ensure the technology features are appropriate. Ensure alignment between technology deliverables of a solution and the business goals. Engage with decision-makers to identify the business goal and the capabilities that need improvement. Prepare the budget for the endeavor into the cloud.
Answer:
Note: The full question is attached as picture below
Cloud architects typically carry out 3 major tasks as listed below:
Task 1: Prepare the budget for the endeavor into the cloud.
Task 2: Configure and build the cloud environment for the company to ensure everything is setup as the design intended.
Task 3: Work with delivery teams that are implementing the solution to ensure the technology features are appropriate.
Other options are wrong because
- Ensuring alignment between technology deliverable of a solution and the business goals - This is the goal of a project manager or a solution architect.
- Engage with decision-makers to identify the business goal and the capabilities that need improvement - This activity is typically done by the product manager.