A firm produces 500 units of output at a total cost of $1,500. if total variable costs are $500, then:_________

Assuming the company uses accrual accounting, the sale will be recorded in June 25. Accrual accounting is the practice of a company registering a financial transaction at the moment of the sale rather than when the money actually enters the bank account.

By using this strategy, the company is able to include all sales, both cash and credit, in that month's data, which provides a fuller view of the company's financial account situation. A journal entry called an adjusting journal entry is used to include accrued revenue in the financial accounts. Accrued revenue is deducted from an Accrual accounting by the accountant and then credited with the amount of collected income.

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20

Explanation:

I took the text to day its 20

Answer:

Instructions are below.

Explanation:

Giving the following information:

beginning inventory= $505,700

Cost of goods manufactured= $290,900

Ending inventory= $485,300

Net sales= $759,200.

To calculate the cost of goods sold, we need to use the following formula:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 505,700 + 290,900 - 485,300

COGS= $311,300

Now, we can determine the gross profit:

Gross profit= net sales - COGS

Gross profit= 759,200 - 311,300

Gross profit= 447,900

When cash is received from sales, the account listed on the first line of the entry is the "Cash" account.

Here's a step-by-step explanation:
1. Identify the account type: In this case, the account type is "Cash," which is an asset account.
2. Recognize the transaction: The transaction is receiving cash from sales, which increases the Cash account.
3. Create the entry: Since the Cash account increases, you need to debit the account. On the first line of the entry, you would write "Cash" and the corresponding debit amount.
4. Record the corresponding credit: On the second line of the entry, you would credit the "Sales" account, which represents the revenue earned from the transaction.
So, the journal entry would look like this:
1. Debit: Cash (amount received)
2. Credit: Sales (same amount as the cash received)

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If a firm operating in monopolistic competition is producing a quantity at which marginal revenue equals marginal cost, then the marginal decision rule tells us that profit is maximized.

In monopolistic competition, a firm has some control over its price due to product differentiation and brand loyalty. The firm faces a downward-sloping demand curve, indicating that it can increase its quantity sold by lowering the price. However, the firm's pricing decision also affects its marginal revenue (MR) because it must lower the price for all units sold, not just the additional ones.

The marginal decision rule states that a profit-maximizing firm should produce the quantity at which marginal revenue (MR) equals marginal cost (MC). This is because at this quantity, the firm is maximizing its net revenue per additional unit produced.

If the firm produces a quantity where marginal revenue is greater than marginal cost (MR > MC), it means that the revenue generated from selling an additional unit exceeds the cost of producing that unit. In this case, the firm can increase its profit by producing and selling more units.

Conversely, if the firm produces a quantity where marginal revenue is less than marginal cost (MR < MC), it means that the cost of producing an additional unit exceeds the revenue generated from selling that unit. In this situation, the firm would reduce its profit by producing and selling more units.

Therefore, to maximize profit, a firm in monopolistic competition should produce the quantity at which marginal revenue equals marginal cost (MR = MC).

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The expenditure considered to be a flexible expenditure is "c. entertainment."

The correct answer is Option C.

Flexible expenditures are discretionary expenses that can be adjusted or eliminated based on personal or organizational financial circumstances.

Rent (a) is generally considered a fixed expense because it is a regular payment required for the use of a property. It is often a necessary expenditure to maintain a place to live or conduct business.

Insurance premiums (b) are also typically considered fixed expenses. They are contractual obligations for the coverage and protection provided by insurance policies. While insurance coverage can be adjusted, the premiums themselves are usually predetermined and paid on a regular basis.

Car loan payments (d) are typically fixed expenses as well. They represent the regular installments required to repay a loan taken out to purchase a vehicle. These payments are usually fixed based on the loan terms and must be made according to the agreed-upon schedule.

Entertainment expenses (c), on the other hand, are discretionary in nature. They include expenses related to leisure activities, such as dining out, going to movies, or attending events. Entertainment expenses can be adjusted or eliminated depending on individual or organizational financial circumstances and priorities.

The correct answer is Option C.

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Drug was incorrectly reconstituted is the one of the following is not a valid reason to return a medication to the warehouse or manufacturer for credit. Hence, option C is correct.

A manufacturer is a person or company that uses various tools, machinery, and processes to transform raw materials into completed goods that are subsequently sold to consumers, wholesalers, distributors, retailers, or other manufacturers who can use them to create more complex goods.

Use the single possessive: manufacturer's data book, if people are referring to a specific manufacturer's data book specifications.

Thus, option C is correct.

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A) Drug was recalled

B) Drug expired

C) Drug was incorrectly reconstituted

D) Drug was damaged during delivery

A premium on a bond is the excess of the issue price over the face value of the bonds.

Premium bonds are bonds that have a higher value than the face value of the bond. When an investor buys a premium bond, they are paying more than the face value of the bond.

The difference between the face value of the bond and the purchase price of the bond is known as the premium. The premium is the amount that the investor is willing to pay for the bond.

The face value of a bond, also known as the par value, is the amount of money that the bond issuer promises to pay the bondholder at the bond's maturity date. The face value of a bond is the amount that the bond issuer borrows from the bondholder.

The face value of a bond is also the amount of money that the bondholder receives when the bond reaches maturity. So, a premium on a bond is the excess of the issue price over the face value of the bonds.

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The macro environmental factors that shaped the restaurateur's management of his business in the pandemic include the economy, social dynamics, and government policies.

The restaurateur had to consider several macro environmental factors while managing his business during the pandemic. Firstly, the state of the economy played a crucial role. With lockdowns and restrictions in place, consumer spending patterns were affected, and people had less disposable income to spend on dining out. This prompted the need for cost-cutting measures and efficient resource allocation to sustain the business.

Secondly, the social dynamics of the pandemic had a significant impact. Consumer behavior changed as health and safety concerns became paramount. The restaurateur had to adapt to new customer expectations by implementing safety protocols, ensuring sanitization measures, and providing contactless services. This required a shift in operational strategies and investments in technology to enable online ordering, delivery services, and digital payment options.

Lastly, government policies and regulations influenced the restaurateur's decision-making. Mandates on capacity limits, dine-in restrictions, and operating hours directly affected the business's revenue and operational capabilities. The restaurateur had to stay updated with changing guidelines and adjust operations accordingly, potentially including reducing staff or modifying the menu to cater to takeout and delivery services.

Overall, a macroenvironmental analysis is important for managers because it provides insights into external factors that can significantly impact the business's performance and sustainability. Understanding the economy, social dynamics, and government policies helps managers make informed decisions, develop appropriate strategies, and adapt to changing circumstances. It enables them to identify opportunities, mitigate risks, and stay competitive in a dynamic business environment.

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1.Joyner Company

Statement of Cash flows

For Year 2

Particulars   Amount ($)     Calculation

Cash flows  derived from operating activities:  

Net income    =  56,000

Add: Depreciation expense charged  42,000    $132,000 - $120,000 +          $30,000

Less: profit  on sale of equipment  = 8,000

Less: Increase in accounts receivable amounts to =  80,000

Less: Increase in inventories= 50,000

Add: Decrease in prepaid expense amount= 7,000

Add: Increase in accounts payable= 60,000

Less: Decrease in accrued liabilities 10,000

Add: Increase in income tax payable 3,000

Net cash provided by operating activities (A) amounts to= 20,000

Cash flows derived  from investing activities:

Cash paid for purchase of property, plant and equipment amounts= (150,000) $400,000 - $510,000 - $40,000

Add: Cash received from sale of equipment 18,000

Less: Loan given to Hymans Company 40,000

Net cash used by  the investing activities (B)= (172,000)

Cash flows  derived from financing activities:  

Cash paid for dividends (15,000) $124,000 - $83,000 - $56,000

Add: Cash received from issuance of stock   amounts to =  30,000

Add: Cash received from issuance of bonds    = 120,000

Net cash received by financing activities (C) =   135,000

Net decrease in cash and cash equivalents (D = A + B + C) (17,000)

Add: Cash and cash equivalents at beginning of period 21,000

Cash and cash equivalents at end of period 4,000

2.Free cash flow = Net cash received by operating activities - Capital expenditures - Dividends

Free cash flow = $20,000 - $150,000 - $15,000

Free cash flow = ($145,000)

What Is Cash Flow?

The term cash flow refers to the net amount of cash and cash equivalents being transferred in and out of a company. Cash received represents inflows, while money spent represents outflows.

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ratio schedules involve the behaviors needed for a reward based on a specific ratio requirement. There are two main types of ratio schedules: fixed ratio (FR) and variable ratio (VR). In a fixed ratio schedule, a reward is given after a fixed number of responses. In a variable ratio schedule, the number of responses required for a reward varies. These schedules are commonly used in operant conditioning to shape and reinforce desired behaviors.

In psychology, ratio schedules are a type of reinforcement schedule where a reward is given based on the number of responses or behaviors performed. The behaviors needed for a reward in ratio schedules are those that meet a specific ratio requirement. There are two main types of ratio schedules: fixed ratio (FR) and variable ratio (VR).

In a fixed ratio schedule, a reward is given after a fixed number of responses. For example, if the ratio requirement is set at 5, a reward will be given after every 5th response. This type of schedule often leads to a high rate of responding, as individuals are motivated to perform the required number of behaviors to obtain the reward.

In a variable ratio schedule, the number of responses required for a reward varies. For example, the ratio requirement may be set at an average of 5, but the actual number of responses needed for each reward can vary. This type of schedule is often associated with high and steady rates of responding, as individuals are uncertain about when the next reward will be given.

Ratio schedules are commonly used in operant conditioning to shape and reinforce desired behaviors. They can be found in various real-life situations, such as sales commissions based on the number of sales made or earning points for completing tasks in a video game.

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Answer:

1. Availability of Money:

The expenditure of a family depends upon the availability of money or total income of the family. It can afford to spend under various needs. In lower income group, families expenditure is more on food. Higher income group families spend more on recreation, education and luxuries etc.

2. The size and the composition of the family:

Expenditure depends upon the size and composition of the family. The size of the family means the number of adults and children. The more the mouths to eat the expenditure is more on food, clothing and shelter. With the growth of children, more will be spent on education and clothing. More will be spent towards transportation when the members go out of the house for work or study.

Composition of the family means the number of adults and children in the family. It also includes the number of males, females and old persons. For old persons, extra expenditure will be incurred towards health and medical expenses.

3. Stages of family life cycle:

Family life cycle plays an important role in spending money. At the beginning stage, most part of the family income is spent towards the establishment expenditure as a newly married couple starts their family life. In the expanding stage families need money for the children, their food, dress, education etc. Some families in the expanding stage spend more on purchasing durable household goods, furniture etc. In the contracting stage major expenditure is on wedding celebration of their children. During this stage, the family income is gradually reduced. So the expenditure should be cut short.

4. Occupation of the family members:

Sometimes expenditure of the family depends upon the occupation of the family members. In certain jobs, there are special benefits like free quarters, educational facilities for children, health and medical allowance, travelling allowance etc.

5. The needs and objectives of the family:

Expenditure will be done according to the needs and objectives of the family. For example, a family where young children are there, more will be spent for nutritious foods. Old people require health and medical expenses. Working women spend money for the servants as they do not find time to do the household work.

6. Resources:

Both human and material resources can make significant changes in the pattern of expenditure of a family. The abilities, skill, knowledge, interest, attitude and habits of the members of the family can be utilized for various purposes as supplementary income.

7. Locality of the family:

In rural areas more will be spent on food. But in urban areas the expenditure is more on education, recreation, transportation, accommodation etc.

8. Socio-economic status of the family:

The socio-economic status of the family is determined by its income, education level and occupation of the members. The higher the socio-economic status the expenditure will be more on interior decoration, higher education, club membership, accommodation, recreation etc. The total expenditure depends on the standard of living the family maintains.

9. Social and religious traditions:

Some families accept old and traditional values. So they spend more on marriages and religious festival.

10. Personal choice:

Expenditure depends upon the personal choice. For example, one person may have a liking for expensive perfumes and jewellery while another may have simple tastes. Expenditure is also affected by the measures taken in the family to make provision for the future like house building, higher education of children etc. The home-maker will be able to manage with her income by cutting out unnecessary and extravagant expenditure. “One must cut one’s coat according to his cloth.”

This saying is rightly proved in home management. Balancing of income and expenditure is the best way of money management. Whatever the income may be, the efficient management of money is a requisite for a happy, successful and peaceful family life.

Answer:

nike socks for sure

Explanation:

Answer:

1) Conduct physical exams

2) Take a detailed heath care histories

3) Provide counselling and health care to patients

4) Listening to the patients and analysing the physical and emotional needs

Answer:

Being able to find other entrepreneurs that are interested in the same target market, learning from their experience, asking for their help and building PR relations

Answer:

Planning helps us decide how best to use our resources (people, time, money, information, equipment) so that they make the most significant contribution to achieving our goal. Planning lays the basis for us to assess and evaluate our achievements effectively.

Explanation:

Hope it helps!!!

The level of output that maximizes profits is q = 1.8 units of output.

The given equation for the marginal revenue is: MR = -10q² - 10q + 150 and the given marginal cost equation is: MC = 10 + 5q

To get the profit function, we'll use the equation:

Profit = Total Revenue - Total Cost

Total revenue is given by:

TR = q * P

where P is the price of each unit of output.

For each unit sold, the revenue received is equal to the price charged for that unit. The price charged is determined by the demand curve, which in this case is the marginal revenue curve.

Therefore, the price function is:

P = MR/1

Since we have:

MR = -10q² - 10q + 150

So, P = (-10q² - 10q + 150)/1

P = -10q² - 10q + 150

Total Cost = Fixed Cost + Variable Cost

The given MC equation is the variable cost equation. The variable cost equation is given by:

VC = MC * qVC = (10 + 5q) * q

VC = 10q + 5q²

Now the total cost equation is:

TC = 10q + 5q² + F

where F is the fixed cost

Therefore the profit function is given by:

P(q) = q * P - (10q + 5q² + F)

P(q) = q * (-10q² - 10q + 150)/1 - (10q + 5q² + F)

P(q) = -10q³ - 5q² + 140q - F

To find the output level that maximizes profit, we need to find the level of output where the derivative of the profit function with respect to q is equal to zero.i.e.

dP/dq = -30q² - 10q + 140 = 0

Simplifying the equation:

3q² + q - 14 = 0

On solving the above equation we get:q = 1.8 or -2.44

We can't have a negative quantity for output. Hence, q = 1.8 is the level of output that maximizes profit. Thus, the level of output that maximizes profits is q = 1.8 units of output.

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Answer:

Explanation:

increase government spending will result in increased aggregate demand, which then increases the real GDP, resulting in an rise in prices. ... Conversely, to close an expansionary gap, the government would increase income taxes, which decreases aggregate demand, the real GDP, and then prices.

Economic recession takes place because of fluctuation within the variation. When the contraction point of the trade cycle prolongs or stays for quite six months then recession takes place in an economy. it's a situation when the entire economy shrinks down.

when increased government spending will end in increased aggregate demand, which then increases the 000 GDP, as a lead to an increase in prices. Also Conversely, to shut an expansionary gap, the govt. would increase income taxes, which decreases aggregate demand, the important GDP, and also then prices.

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Answer:

Sole proprietorship

Explanation:

Sole proprietorship, general partnership or limited partnership

The  sector that the publishing belong to, since it does not produce a tangible product is called quaternary sector.

Quaternary sector is a sector that has to do with  making research or conducting research.

Based on the given information the sector that the publishing belong to will be quaternary sector reason being that before a book , magazines and newspaper is published, research has to be conducted or research has to be carried out.

Inconclusion the  sector that the publishing belong to, since it does not produce a tangible product is called quaternary sector.

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Answer:

see below

Explanation:

Economies of scale are the benefits of reduced cost enjoyed by a firm or a country when it increases production.  According to economies of scale theory, an increase in production increases efficiency, thereby reducing the costs per item.

Economies of scale arise due to the fixed costs element in production. Since fixed costs remain constant, a low volume production implies that the fixed costs will be spread among fewer units resulting in a higher per-unit cost.  As production increases, fixed costs will be shared among many units resulting in a lower per-unit cost.

Bulk buying results in economies of scale. The buyer enjoys larger discounts and reduced transport costs per item. Assume a truck charges $1000 to transport cargo from point A to B. transporting 500 items will result in a cost of $2 per unit.  Transporting 1000 items will cost $1 per unit.

To complete the charity run successfully, there are several things that need to be done. These includes Planning and organizing the event.

1. Planning and organizing the event: This includes setting the date, determining the route, and coordinating with local authorities for permits and security.

2. Promotion: This involves advertising the event to potential participants and sponsors, as well as creating marketing materials such as flyers and social media posts.

3. Registration: This includes setting up a system for participants to sign up and pay registration fees.

4. Logistics: This includes arranging for water stations, medical support, and other necessary supplies for the event.

5. Fundraising: This involves soliciting donations from sponsors and participants, as well as organizing additional fundraising activities such as a silent auction.

6. Post-event tasks: This includes tallying the funds raised, thanking sponsors and participants, and evaluating the success of the event.

For the promotion task, a WBS (Work Breakdown Structure) could be created using the following format:

1.0 Promotion
1.1 Advertising
1.1.1 Create flyers
1.1.2 Create social media posts
1.1.3 Place ads in local newspapers
1.2 Marketing materials
1.2.1 Design event t-shirts
1.2.2 Create event banners
1.3 Public relations
1.3.1 Coordinate with local media outlets
1.3.2 Organize press conference
1.4 Sponsorship
1.4.1 Identify potential sponsors
1.4.2 Solicit donations from sponsors

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The McDonald brothers showed persistence by overcoming setbacks and innovating to create a more efficient restaurant model, which eventually led to the establishment of McDonald's as a global brand.

The McDonald brothers, Richard and Maurice McDonald, demonstrated persistence when they moved their restaurant by:

1. Overcoming setbacks: The McDonald brothers faced various challenges throughout their journey. They initially operated a drive-in restaurant but encountered issues with carhop service, leading them to rethink their approach. They temporarily shut down their business to reorganize and develop a new concept that focused on speed and efficiency. Despite setbacks, they persevered and sought a better way to run their restaurant.

2. Innovating and adapting: The McDonald brothers were determined to create a more streamlined and efficient restaurant model. They introduced the concept of a self-service system with a limited menu, where customers could order at a window and receive their food quickly. This idea was groundbreaking at the time and required significant innovation and adaptation. They designed their kitchen layout to optimize efficiency, utilizing assembly line techniques to speed up food preparation. Their persistence in finding a better way to operate their restaurant led to the development of the fast-food concept that revolutionized the industry.

3. Moving forward despite initial failures: After successfully implementing their new restaurant model in San Bernardino, California, the McDonald brothers wanted to expand their concept further. They faced numerous rejections and setbacks while trying to franchise their system. However, they did not give up and continued to promote their innovative ideas. Their persistence eventually paid off when they met Ray Kroc, who became their franchise agent and helped establish the McDonald's brand worldwide.

4. Protecting their vision: When the McDonald brothers decided to franchise their restaurant, they encountered conflicts with Ray Kroc regarding control and the preservation of their original concept. Despite facing pressure to compromise their vision, they persisted in protecting the integrity of their brand and the quality of their food. They engaged in legal battles and negotiated fiercely to maintain the standards they had set. While ultimately they lost control of the company, their persistence in defending their original vision demonstrated their unwavering commitment to their ideals.

Overall, the McDonald brothers' persistence was evident in their ability to overcome setbacks, innovate and adapt, push through initial failures, and protect their original vision. These qualities played a crucial role in their success in transforming the restaurant industry and establishing McDonald's as a global powerhouse.

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Based on the beta of Bowie Enterprises stock, the expected return on the market, and the risk free rate, the required return should be 13.32%.

You can find this using the Capital Asset Pricing Model:

Required return = Risk free rate + Beta x (Market return - risk free rate)

Solving gives:

= 3.21  + 1.10 x (12.40 - 3.21)

= 13.32%

In conclusion, the return is 13.32%.

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Explanation:

Analytical skills are kind of problem-solving skill. They allow you to evaluate problems, both simple and complex. This skill incorporates many skills like attention to detail, critical thinking ability, decision-making, and researching skills in order to analyze a question or problem and reach a solution.

1. I imagine buying 100 shares of Amazon.com Inc. on January 3, 2020, when the stock price was $93.75, investing $9,375.  

Today, October 31, 2022, the stock price of Amazon.com Inc. is $102.44.

2. The real return on my investment in Amazon.com Inc was a net loss of  7.12% or $667.60.

3. The company I selected to buy its stock three years ago was Amazon.com Inc.

4. I decided on Amazon.com Inc., hoping to earn spectacular returns since it is a multinational technology company.

5. When I consider the actual return on the stock investment in Amazon.com Inc., I think it was an unwise investment.

6. The investment returned a negative real value because I realized less than I initially invested; I actually lost about $667.60 overall.

Stock investment is the purchase of shares for an ownership interest in a publicly-listed company.

The investor makes the investment with the hope that the investee will grow and perform well over some period, enabling the investor to earn some real returns (in the form of dividends and capital appreciation).

Purchase of 100 shares Jan. 3, 2020 = $9,375 (100 x $93.75)

Sales of 100 shares Oct. 31, 2022 = $10,244 (100 x $102.44)

Tax (10%) = $1,024.40 ($10,244 x 10%)

Inflation (3%) = $307.32 ($10,244 x 3%)

Administration fee on sales (2%) = $204.88 ($10,244 x 2%)

Real Returns in dollars = $8,707.40 ($10,244 - $1,024.40 - $307.32 - $204.88)

Loss on returns = $667.60 ($8,707.40 - $9,375)

Loss percentage = 7.12% ($667.60/$9,375 x 100)

Unfortunately, Amazon.com Inc. did not pay any dividends during the period of my investment, and I really lost funds to taxes, inflation, and administration fees when I sold it.

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At the end of the cycle only in the accounting cycle should an accountant prepare a trial balance. The correct option is C.

A trial balance's purpose is to ensure that all entries made to an organization's general ledger are properly balanced. Each general ledger account's ending balance is listed in a trial balance. Each accounting entry's total dollar amount of debits and credits is supposed to match.

The trial balance is created after all transactions in the ledger accounts have been recorded. All ledger account balances to the credit and debit sides are recorded in the trial balance. It is typically prepared at the end of the fiscal year, prior to the preparation of final accounts.

Thus, the ideal selection is option C.

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When choosing a marketing channel or intermediary, many key questions should be asked, including "which channel and intermediaries will best meet the requirements of the target market?". The correct answer is C.

In selecting a marketing channel and intermediaries, marketing professionals take into account three considerations:

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