Answer:
False
Explanation:
A family's financial plan inolves more than a single individual.
PLS HELPPPP FASTTTT!!!!!! Kevin has a utility function U=W^1/2, where W is his wealth in millions of dollars and U is the utility he obtains from that wealth. In the final stage of a game show, the host offers Kevin a choice between (A) $9 million for sure, or (B) a gamble that pays $1 million with probability 0.4 and $16 million with probability 0.6.
Use the blue curve (circle points) to graph Kevin's utility function at wealth levels of $0, $1 million, $4 million, $9 million, and $16 million.
1. True or False: Kevin is risk averse.
2. Choice (A/B) offers Kevin a higher expected prize. (Hint: The expected value of a random variable is the weighted average of the possible outcomes, where the probabilities are the weights.)
3. Choice (A/B) offers Kevin a higher expected utility.
4. Kevin should pick choice (A/B) .
Shepherds company. Manufactures two types of shoes sneakers and boots .Each sneakers requires 2 direct labor hours and boots require 1.5 direct labor hours.The overhead rate. Per direct hour is $2 .Direct materials for sneakers and boots is $15-$20 .Respectivelay.The total unit cost for each product.
The question is incomplete. The complete question is :
Shepherd Company manufactures two types of shoes - sneakers and boots. Each sneaker requires 2 direct labor hours and boots require 1.5 direct labor hours. The overhead rate per direct labor hour is $2. Direct materials for sneakers and boots is $15 and $20, respectively. Direct labor for sneakers and boots is $5 and $7, respectively. The total unit cost for each product is:
Solution :
The total unit cost for a product = direct materials cost + direct labor cost + overhead cost
The total unit cost for the sneakers and the boots are :
Particulars Sneakers Boots
Direct material cost $15 $20
Direct labor cost $5 $7
Overhead cost $4 $3
Total unit cost $24 $30
The overhead rate per direct labor hour is $2
So, the overhead cost per unit of :
Sneakers : 2 hours at the rate $2 per hour = $4
Boots : 1.5 hours at the rate of $2 per hour = $3
Hence the answer is : total unit cost = Sneakers: $24; Boots: $30
Suppose the marginal cost curve in the short run first decreases, then reaches a minimum, and then increases. If we are at an output where marginal cost is increasing, then: Question 5 options: a) marginal product must be increasing. b) marginal product must be decreasing. c) average total cost must be increasing. d) average variable cost must be increasing.
Answer:
b) Marginal product must be decreasing.
Explanation:
b) Marginal product must be decreasing.
The relationship between the marginal product and the marginal cost is negative which means if the marginal cost increases then the marginal product must fall. If the marginal cost decreases then the marginal product must increase. Therefore, option "b" that states marginal product decreases is the correct answer.
Lets say you were a teacher. If parent approaches you to encourage you to give information about another child, what should you do.
first of all I will ask the parents what's the matter, if they explain me then also I will not going to give the child's information, I will contact to the principal about this matter and school management will look out at this matter.
. In a sole proprietorship, the owner a. has full liability for all business debts and obligations. b. has limited liability, only liable for up to the value of her investment. c. must buy insurance to cover all liabilities. d. is liable for all business debts and obligations up to the extent of all profits taken from the business.
Answer:
A
Explanation:
A sole proprietorship is a type of business that is owned by one person
Characteristics
1. it is owned by one person
2. the business has unlimited liability
3. the business has limited access to capital
4. the business usually lacks continuity. this type of business usually ceases to exist when the owner dies
5. the business is usually not separated from the owner
Advantages of sole proprietorship
They are easy to establish The owner has complete control over ownershipDisadvantages of sole proprietorship
It has a limited life span. The business usually ends when the owner dies the owner has an unlimited liabilityNorthwestern Data Systems has adopted a new organizational approach with regard to information flow, ensuring that employees have access to the data they need, when they need it. Aware of this new approach, Stacy, an administrative assistant working for a manager in the sales department, requests a report regarding disciplinary action on a manager outside her department. Despite the new company policy, her request is denied, most likely because
Answer:
neither she nor her supervisor has any demonstrable reason to access such information.
Explanation:
When security measures are introduced in information system access in an organisation, an individual is limited to only a defined set of data.
Access to data outside one's normal job role requires a request for addition of such access.
In the given instance Northwestern Data Systems has adopted a new organizational approach that ensures employees have access to the only data they need.
Stacy, an administrative assistant requests a report regarding disciplinary action on a manager outside her department.
She will not be able to get it because she should normally not be able to discipline a manager.
So she can't access it because neither she nor her supervisor has any demonstrable reason to access such information.
Jackie is the owner of a furniture store. Last year, her total revenue was $500,000 and her total labor costs were $200,000. Her overhead expenses, including insurance and legal fees, were $175,000. The rent on the building was $45,000. Jackie could earn $105,000 per year working at a nearby furniture distributor. From this information, we know that her accounting profit was
Answer:
$105,000
Explanation:
Jackie's accounting profit is $105,000 as seen from the question. This is because an addition of her expenses comes in at under $500,000. That is, when you add labor costs, insurance and legal fees as well as rent, she has a remainder of about $105,000.
Cheers
Joe owns a stock with a beta of 1.5 and a standard deviation of 12%. The stock returned 16%. Ella owns a stock with a beta of 1.34 and a standard deviation of 16.4%. The stock has a total return of 14.8%. The risk free rate is 2.5%. Using the Sharpe ratio, which portfolio performed better
Answer: Joe's portfolio performed better.
Explanation:
The Sharpe ratio provides a risk adjusted return to allow for easier comparison across securities with different risks.
Sharpe ratio = (Return - Risk free rate) / Standard deviation
Joe:
= (16% - 2.5%) /12%
= 1.125
Ella:
= (14.8% - 2.5%) / 16.4%
= 0.75
Joe's portfolio performed better.
Which of the following best explains the cause-and-effect relationships portrayed by the Balanced Scorecard? Multiple Choice Improvements in the Process perspective leads to improvements in the Learning & Growth perspective. Improvements in the Learning & Growth and Customer perspectives lead to improvements in the Process perspective. Improvements in areas related to Customer and Process perspectives lead to improvements in the Financial perspective. Improvements in the Financial and Process perspectives lead to improvements in the Customer perspective.
Answer:
Improvements in areas related to Customer and Process Perspectives lead to improvements in the Financial Perspective.
Explanation:
A balance scorecard can be defined as a performance metrics used for measuring and assessing the quality of performance of a company.
Generally, the four (4) performance metrics of a balance scorecard includes the following; customer, learning and growth, internal business processes, and financial.
Hence, a balance scorecard should be used to determine whether or not the operations of a business is in synchronization with its vision statement and values.
Typically, improvements in areas related to Customer and Process Perspectives lead to improvements in the Financial Perspective best explains the cause-and-effect relationships portrayed by the Balanced Scorecard.
Cause and effect can be defined as the relationship between two things or events in which an occurrence of one (cause) leads to the occurrence of another (effect).
On February 15, Symth Co. determines that it cannot collect $500 owed by its customer, A. Winds. Symth records the loss using the direct write-off method. This entry to record the write-off on February 15 would include a: (Check all that apply.) Multiple select question. credit to Accounts Receivable - A. Winds. credit to Bad Debts Expense. debit to Accounts Receivable - A. Winds. credit to Sales. debit to Bad Debts Expense. debit to Sales.
Answer:
debit to Bad Debts Expense.
credit to Accounts Receivable - A. Winds.
Explanation:
The journal entry to record the write off is given below:
Bad debt expense Dr $500
To Accounts Receivable - A. Winds $500
(being the written off is recorded)
Here the bad debt expense is debited as it increased the assets and credited the account receivable as it decreased the assets
The Affordable Care Act (ACA) requires insurance companies to adhere to the: Group of answer choices pure community rating approach for individuals and small businesses. adjusted community rating approach for individuals and small businesses. same standards used by the Social Security Administration. pure community rating approach for college communities. cost-of-living adjustment (COLA) for individuals and small businesses.
Answer:
adjusted community rating approach for individuals and small businesses.
Explanation:
The Affordable Care Act (ACA) requires insurance companies to adhere to the adjusted community rating approach for individuals and small businesses.
Firms A and B plan to collude in an economy for their similar products, which includes the grim strategy for punishment. They plan to set the price of their product at $8. The marginal cost of Firm A is $5 and Firm B is $4.50. If firm A is impatient to earn more profits and Firm B wishes to last in the business for the long-run, which of the following situations would likely occur? A. Firm B reduces the price to $7 causing Firm A to exit the market. B. Firm B reduces the price to $7 causing Firm A to reduce its price to $7. C. Firm A reduces the price to $7 causing Firm B to reduce its price to $4.50. D. Firm A reduces the price to $7 causing Firm B to exit the market.
Answer: C. Firm A reduces the price to $7 causing Firm B to reduce its price to $4.50.
Explanation:
Since firm A is impatient to earn more profits and Firm B wishes to last in the business for the long-run, then Firm A will reduce the price to $7 causing Firm B to reduce its price to $4.50.
Since Firm A reduces the price to $7, this will lead to an increase in the quantity demanded of the product and therefore the firm can earn more profit. On the other hand, firm B will reduce its price to a point where the price meets the marginal cost which is $4.50.
Industries that produce A. durable goods are more affected by recessions than is the economy as a whole. B. goods that are expected to last for fewer than three years are more affected by recessions than are durable goods. C. durable goods are less affected by recessions than is the economy as a whole. D. goods that are expected to last for three or more years are less affected by recessions than are nondurable goods.
Answer:
A. durable goods are more affected by recessions than is the economy as a whole
Explanation:
The industries produce those types of goods that are durable also it could highly impacted whenever the recessions come in the market if we compared with the overall economy
Here durable goods means the goods that can be consumed for the longer time like cars, home appliances, etc
Therefore the above statement should be true
hence, the correct option is a.
FDA regulations aimed at ensuring that new drugs that are marketed​ do, in​ fact, have the functions they are supposed to have are necessary​ because: A. quantity regulations are so rare within a market economy. B. verification by each consumer would be extremely inefficient. C. quantity regulations are so efficient. D. verification is an easy task within a market economy.
Answer:
D. Verification by each consumer would be extremely inefficient
Explanation:
The mission and importance of the FDA
Its sole purpose is to promote public health by the constant review of applications for new products. To protect public health acting swiftly that products are safe, effective, and has a good label. They are known for
protecting the public health by giving an assurance in terms of the safety, efficacy, and security of human and veterinary drugs, biological products, medical devices etc. It aim to advance public health by helping to quicken innovations that make medicines and foods more effective, safer, and affordable etc
What does FDA regulate
They simply regulate the foods, dietary supplements, human drugs, vaccines, blood products, medical devices, electronic products, cosmetics etc
Pfizer Corp. is introducing a really new product idea. Pfizer is spending a lot of money to inform potential customers and intermediaries about the availability and advantages of the new product. Although sales are rising slowly, Pfizer doesn't expect the product to become profitable for at least another year. Pfizer's new product is in which stage of the product life cycle
Answer:
Market introduction
Explanation:
One of the stages of a product life cycle is introduction. Infact, it is the very first stage of a product life cycle.
Market introduction from the name can be said to be the stage of a product that involves quite a lot of advertising. The advertising is aimed at informing the populace about the availability of the product and the usefulness of such product.
Simply put, product introduction is giving awareness about the availability of a new product and its benefits.
Cheers.
Which of the following is NOT an example of an explicit cost? Multiple Choice The income the owner could have earned in his or her next best employment opportunity. The salaries paid to the managers who help run the business. The overtime wages paid to workers. The rent the owner pays each month to lease office space.
Answer:
The income the owner could have earned in his or her next best employment opportunity.
Explanation:
Explicit cost includes all the amounts expended in running the business. It is used in calculating accounting profit. Examples are wages, rent, cost of equipment
The income the owner could have earned in his or her next best employment opportunity is an example of an implicit cost
Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives. It is used in calculating economic profit.
which of these transactions types increase how much you owe the credit card company
Answer:
hope it is helpful to you
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A plaintiff sued a defendant in a patent infringement suit. To sustain his claim, the plaintiff was required to demonstrate the formula for a common chemical compound. The plaintiff produced three well-known chemistry texts containing explanations of the formula and asked the court to take judicial notice of the formula for the compound. Must the trial judge take judicial notice of the formula
Answer:
Yes
Explanation:
A judicial notice is defined as a rule concerning recognition not evidence by a court where a fact that is very well known and attested that there is no room for doubting the fact.
There is no need for formal presentation of evidence.
I'm the given scenario the plaintiff produced three well-known chemistry texts containing explanations of the formula and asked the court to take judicial notice of the formula for the compound.
Since the formula is well known and even contained in well known chemistry texts, the court should take judicial notice of the formula
At December 31, 2021 and 2022, Frist Company had outstanding 50 million common shares and 4 million shares of 10%, $10 par cumulative preferred stock. Net income for 2022 was $20 million. No dividends were declared in 2022. EPS for 2022 was: rev: 03_01_2021_QC_CS-255248 Multiple Choice $0.32. $0.37. $0.40. $0.48.
The dividend is a payout of profits from a firm to its investors. As long as a corporation makes a profit or surplus, it can distribute a part of that profit to shareholders. Any money left over is re-invested money into the organization. So, the answer is "[tex]\bold{\$0.32}[/tex]" and its calculation can be defined as follows:
Given:
The Net income for [tex]\bold{2022= \$20\ million}[/tex]
Common shares = [tex]4 \ million[/tex]
share= [tex]10\%[/tex]
Cumulative preferred stock= [tex]\$10[/tex]
[tex]\to \bold{\frac{[\$20 - (10\% \times \$10\ par \times 4)]}{50}}\\\\\to \bold{\frac{[\$20 - (0.10 \times \$40\ par)]}{50}}\\\\\to \bold{\frac{[\$20 - \$4\ par]}{50}}\\\\\to \bold{\frac{[\$16]}{50}}\\\\\to \$ 0.32[/tex]
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Feel Good Inc. is a multinational sports goods manufacturer that uses a different strategy in each of its subsidiaries and operations. Moreover, all decision-making is decentralized, which leaves the company open to the threat of opportunistic behavior. Since the expatriate managers do not rely on headquarters expertise, there is also an asymmetry in the transfer of information and specialized knowledge. In the context of the four international strategies proposed by Bartlett and Ghoshal, Feel Good Inc. uses a(n) _____.
Answer:
multidomestic strategy.
Explanation:
It is correct to state that in the context of the four international strategies proposed by Bartlett and Ghoshal, Feel Good Inc. uses a multi-domestic strategy, which occurs when a company uses several different marketing strategies according to the location where it operates.
Feel Good Inc uses a multi-domestic strategy because the statement tells us that the company uses a different strategy in each of its subsidiaries and operations, and that decision-making is decentralized.
This strategy can be advantageous for adapting the marketing campaign to the needs and desires of a specific target audience in a place. To be effective, market research, population study and market segmentation must be carried out.
Suppose the government wants to increase​ farmers' incomes. Why do price supports or​ acreage-limitation programs cost society more than simply giving farmers​ money? A. A price support reduces the quantity demanded by​ consumers, which results in a loss of surplus that is not captured by farmers or consumers. Giving farmers money results in a smaller deadweight loss because it is merely a redistribution of surplus from one group to the other. B. A price support forces an increase in demand by​ consumers, which results in a loss of consumer surplus that is not captured by farmers​ (deadweight loss). Giving farmers money results in a smaller deadweight loss because it is merely a redistribution of surplus from one group to the other. C. A price support forces an increase in demand by​ consumers, which results in a loss of consumer surplus that is not captured by farmers​ (deadweight loss). Giving farmers money​ doesn't result in any deadweight loss but is merely a redistribution of surplus from one group to the other. D. A price support reduces the quantity demanded by​ consumers, which results in a loss of surplus that is not captured by farmers or consumers. Giving farmers money​ doesn't result in any deadweight loss but is merely a redistribution of surplus from one group to the other.
Answer:
A.
Explanation
The price supports or acreage-limitation programs would cost society more than simply giving farmers money because "A price support reduces the quantity demanded by consumers, which results in a loss of surplus that is not captured by farmers or consumers. Giving farmers money results in a smaller deadweight loss because it is merely a redistribution of surplus from one group to the other."
This is based on the fact that usually price supports lead to massive production and smaller consumption because consumers tend to buy less of any good as price increases, thereby turning to overproduction at the support price.
What is the difference between productive and service oriented professions Explain with examples
Answer:
Explanation:
Product vs Service Business
While it may seem to go against traditional thinking, in some ways there is very little difference between product based and service based companies. In actuality, both sell a product. The distinction between the two is that the product business sells a physical, tangible product, while the service business owner sells his skills as the primary product. In the service-based business, customers purchase the skills of a service provider or owner, such as a plumber or lawyer, This type of business has a strong emphasis on the client relationship and makes the customer's user experience very important. Product-based businesses, on the other hand, deliver physical products that are reasonably consistent in quality for each customer, making the customer experience fairly predictable.
Local or Global Consumer Markets
In general, when consumers are looking for new solutions they try to distinguish the different services/products of business and industry in the locality where they reside. As such, businesses need to target their product and service based businesses to the appropriate markets. Consumers located anywhere in the global market can purchase a product via the internet as long as they can have their purchase delivered locally and cost effectively. However, most service businesses can only provide services to customers within their local target market. For example, while a computer store can ship computers all over the world, a hairstylist will only attract clients within a reasonable driving distance from her home or business. As a result, businesses need to consider how their customer base will influence their marketing efforts.
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You are assisting a manager from your company's headquarters in New York. The manager needs to interact online in real time with one of your company's affiliate overseas. The manager wants to make sure that her communications with the overseas affiliate won't be intercepted. What should you suggest to the manager
Answer:
A virtual private network connection
Explanation:
In order to stop the interception that could be normally happened within a weak or the communciation line that should be non-secure
Also the main objective of the virtual private network is to protect and it could be protected via interception
So we can suggest the manager that there should be the virtual private network connection
Hence, the same should be relevant
A 20 percent increase in the price of flour reduces flour consumption by about 10 percent. Such a price increase causes households to Group of answer choices spend less on flour. spend more on flour. spend the same amount on flour as before. consume more goods like salt and baking powder, which are flour complements.
Answer:
spend more on flour.
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
10 / 20 = 0.5
Demand is inelastic
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one.
Consumers would spend more on flour due to the increase in price and the fact that demand is inelastic.
Other types of price elasticity of demand are :
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.
Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases
Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.
Choose the correct sentence. A. Influences of expectations and the constant arrival of news about the influences on supply and demand, make day-to-day and week-to-week changes in the exchange rate difficult to predict. B. Changes in the interest rate differential, which generally change the demand for U.S. dollars in the foreign exchange market by more than the supply, are difficult to predict because it requires predicting changes in foreign interest rates. C. A movement away from interest rate parity sometimes influences traders to act and sometimes does not, and it is difficult to know when traders will react. D. Changes in the expected future exchange rate generally change the supply of U.S. dollars in the foreign exchange market by more than the demand, but it is impossible to know by how much.
Answer: A. Influences of expectations and the constant arrival of news about the influences on supply and demand, make day-to-day and week-to-week changes in the exchange rate difficult to predict.
Explanation:
Question is what makes exchange rates difficult to predict?
A balanced scorecard ______. Multiple choice question. should only focus on the financial measures needed to achieve success presents a theory of how a company can take action to attain its desired outcomes will not identify an ineffective strategy based on faulty assumptions
Answer:
presents a theory of how a company can take action to attain its desired outcomes.
Explanation:
A balance scorecard can be defined as a performance metrics used for measuring and assessing the quality of performance of a company.
Basically, the four (4) performance metrics of a balance scorecard includes the following; customer, learning and growth, internal business processes, and financial.
Hence, a balance scorecard should be used to determine whether or not the operations of a business is in synchronization with its vision statement and values.
This ultimately implies that, a balanced scorecard presents a theory of how a company can take action so as to enable it attain its desired outcomes and achieving its set goals and objectives.
A balanced scorecard presents a theory of how a company can take action to attain it's desired outcomes. The correct option is b.
The balanced scorecard (BSC) is an indicator of strategic management performance used to identify and enhance various internal business functions as well as the external outcomes that result from them. Balanced scorecards are widely used to measure and provide feedback to organisations within the United States, the United Kingdom, Japan, and Europe. Executives and managers gather and interpret data, which is critical to providing quantitative results.
This information can be used by company personnel to make better decisions for the future of their organisations.
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Johni is the CEO of a struggling company. She has listened to her employee's complaints and concerns about where the corporation is going and has developed a new vision that she feels will help develop a common bond throughout the organization. Johni then hosted a company-wide picnic where she delivered an inspiring speech about the new plans for the business, including her plans for more open communication between management and employees. After her speech, management and employees all participated in trust building exercises and each employee had a one-on-one conversation with Johni. What type of leadership theory most resembles Johni's actions
Answer: Transformational Leadership
Explanation:
Transformational Leadership could be described as a process where a leader is able to communicate plans, aim and goals with his or her team and they respond with improvement and rapid growth. Their growth was as a result of the leaders effect among them.
Johni can be seen as carrying out a transformational leadership due to she's able to turn around the tide of the with her employees as they now perform better based on her leadership pattern.
A condo owner, a citizen of State A, hired an electrician, a citizen of State A, and a gas worker, a citizen of State B, to fix the wiring in his condo and install a new gas stove. Unfortunately, the condo burned down while they were working on it. The condo owner sued the gas worker for negligence, seeking $100,000. The gas worker files a motion to dismiss the case for failure to join the electrician, alleging that he contributed to the fire. How should the court rule
Answer:
Deny the motion, because the electrician is not a necessary party.
Explanation:
A necessary party is defined as a party that is required to be joined as part of a case and without who a case cannot be decided.
The party must be indispensable in the ruling to be considered as being required to be joined.
However in this scenario either electrician or the gas worker can be held entirely responsible for the fire. So the case can be satisfactorily decided without joining the electrician.
The home owner can raise a seperate case against the electrician if he so feels in the future.
If the government uses a quota to restrict imports of​ foreign-made shoes into the​ U.S., A. the price of shoes in the U.S. will​ increase, and U.S. firms will produce fewer shoes. B. the price of shoes in the U.S. will​ decrease, and U.S. firms will produce more shoes. C. the price of shoes in the U.S. will​ increase, and U.S. firms will produce more shoes. D. the price of shoes in the U.S. will​ decrease, and U.S. firms will produce fewer shoes.
Answer:
c
Explanation:
A quota occurs when the government or an agency of the government limits the quantity of goods that can be imported or exported in a country.
A quota increases the price of goods and services if the quota is enacted by the importing country. This would lead to an increase in producer surplus and a reduction in consumer surplus.
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.
Consumer surplus = willingness to pay – price of the good
Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product
according to the law of supply, the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.
Producer surplus = price – least price the seller is willing to accept
The increase in price as a result of the quota would lead to an increase in the quantity of the product been supplied. This is in line with the law of supply
Erosion can be described as the _____________________. Multiple Choice expenses that have already been incurred and cannot be recovered change in net working capital related to implementing a new project cash flows of a new project that come at the expense of a firm's existing cash flows alternative that is forfeited when a fixed asset is utilized by a project differences in a firm's cash flows with and without a particular project
Answer:
washing away of the top most layer of the Earth surface
