Answer:
Bavarian Chocolate Company
Blending Department
1. Cost of Production Report:
Cost of production: Materials Conversion Total
Beginning WIP $37,950 $8,418 $46,368
Direct materials, 26,000 units 429,000 149,040 578,040
Total cost or production $466,950 $157,458 $624,408
(See the workings of this report below.)
2. Change in direct materials cost per equivalent unit
Increase or Decrease
Materials Conversion
September $16.50 $6.005
October $16.51 $5.99
Amount $0.01 $0.015
Increase Decrease
Explanation:
a) Data and Calculations:
partial work in process account of the Blending Department at October 31, 2014:
Date Item Debit Credit Balance
Oct.1 Bal., 2,300 units, 3/5 completed 46,368
31 Direct materials, 26,000 units 429,000 475,368
31 Direct labor 100,560 575,928
31 Factory overhead 48,480 624,408
31 Goods transferred, 25,700 units 578,378 46,030
31 Bal., 2,600 units, 1/5 completed 46,030
Ending units in process:
Beginning units in process 2,300
Direct materials 26,000
Units available for production 28,300
Units transferred out 25,700
Ending units in process 2,600
Equivalent units of production: Materials Conversion
Units started and completed = 25,700 25,700 25,700
Ending WIP 2,600 2,600 520 (1/5 * 2,600)
Equivalent units produced 28,300 26,220
Cost per unit of direct materials = $429,000/26,000 = $16.50
Cost of production: Materials Conversion Total
Beginning WIP $37,950 $8,418 $46,368
Direct materials, 26,000 units 429,000 149,040 578,040
Total cost or production $466,950 $157,458 $624,408
Cost per equivalent unit: Materials Conversion
Total cost or production $466,950 $157,458
Equivalent units produced 28,300 26,220
Cost per equivalent unit $16.50 $6.005
Assignment of cost to units completed and ending WIP:
Materials Conversion Total
Units transferred out (25,700) $424,050 $154,328 $578,378
Ending WIP (2,600/520) 42,900 3,130 46,030
Total $466,950 $157,458 $624,408
2. Assuming that the October 1 work in process inventory includes direct materials of $38,295, determine the increase or decrease in the cost per equivalent unit for direct materials and conversion between September and October.
Cost of production: Materials Conversion Total
Beginning WIP $38,295 $8,073 $46,368
Direct materials, 26,000 units 429,000 149,040 578,040
Total cost or production $467,295 $157,113 $624,408
Cost per equivalent unit: Materials Conversion
Total cost or production $467,295 $157,113
Equivalent units produced 28,300 26,220
Cost per equivalent unit $16.51 $5.99
Assignment of cost to units completed and ending WIP:
Materials Conversion Total
Units transferred out (25,700) $424,307 $153,943 $578,250
Ending WIP (2,600/520) 42,926 3,115 46,041
Total $467,233 $157,058 $624,291
what is the factor affect the net export of a country
The factor that affect the net export of a country include:
domestic and foreign incomesrelative price levelsexchange ratesforeign trade policies etcWhat is a net export?This refers to the the difference between the monetary value of a nation's exports and imports over a certain time period.
In conclusion, the net export is derived after the deduction of the total import from the total export in a year.
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DUE TODAY
You are writing an information guide for young students titled Banking in the United States Made Easy!
Explain each of the following terms in your own words.
Currency -
Interest -
Money supply -
Profit -
Stock -
Answer each of the following questions in complete sentences.
Banks are businesses. Like other businesses, they seek profit. How do they earn profit?
Why might an individual want to use a bank? Give an example of why a person would use a bank.
Why might a business want to use a bank? Give an example of why a business owner would use a bank.
What is the Federal Reserve?
The money supply is the total amount of money available in the economy. How do changes in the money supply affect people and businesses?
How does banking affect the money supply?
What would happen if banking didn’t exist?
This chart shows a sequence of causes and effects in how banking can affect society. Complete the chart by selecting the correct word.
1. The Fed reduces interest rates.
2. Banks will make (more or fewer?) loans.
3. The money supply (increases or decreases?).
4. People and businesses are (more or less) likely to spend and borrow money.
5. The number of jobs will (decrease or increase?).
6. People will buy (more or fewer?) cars, homes, and fun stuff.
7. Growth of the economy speeds up.
8. Inflation will (decrease or increase?).
Answer:
Currency - Currency refers to the paper money and coins that are used to buy goods and services in the United States.
Interest - Interest is the fee that is charged by a bank when a person or a business borrows money. It is the cost of borrowing money.
Money supply - Money supply refers to the total amount of money available in the economy, including cash, coins, and bank deposits.
Profit - Profit is the money that a business makes after all its expenses have been paid. It is the amount that is left over.
Stock - A stock is a share in the ownership of a company. When someone buys a stock, they own a small part of the company.
How do banks earn a profit?
Banks earn a profit by charging interest on loans and by investing the money that people deposit in their accounts.
Why might an individual want to use a bank?
An individual might want to use a bank to keep their money safe, to earn interest on their savings, or to take out a loan to buy a car or a home.
Why might a business want to use a bank?
A business might want to use a bank to keep its money safe, to borrow money to invest in the business, or to process payments from customers.
What is the Federal Reserve?
The Federal Reserve is the central bank of the United States. It is responsible for regulating the country's financial system, including setting monetary policy and supervising banks.
How do changes in the money supply affect people and businesses?
Changes in the money supply can affect people and businesses by causing inflation, which is a general increase in prices, and by affecting interest rates.
How does banking affect the money supply?
Banking affects the money supply by creating and destroying money through the process of lending and borrowing.
What would happen if banking didn’t exist?
If banking didn't exist, people would have to keep their money in their homes or in other places, and businesses would have to find other ways to borrow money and process payments.
1. The Fed reduces interest rates.
2. Banks will make more loans.
3. The money supply increases.
4. People and businesses are more likely to spend and borrow money.
5. The number of jobs will increase.
6. People will buy more cars, homes, and fun stuff.
7. Growth of the economy speeds up.
8. Inflation will increase.
Explanation:
briefly explain how the decision support system resolved the problems experienced by the railways
The decision support system improved the efficiency of the railroads, paying special attention to the punctuality and speed of transportation on both passenger and commercial routes. The Indian Railways encounter a number of difficulties, including the failure to ensure train punctuality.
Ticketless transit by passengers, damage to or theft of railroad property, and others. The railways suffer a considerable loss in income as a result. By December 2023, 100% electrification of the broad gauge is the goal. In 2020–21, the speed of freight trains doubled to 46 kmph from 23 kmph in previous years. In January 2019, all unmanned level crossings on the broad gauge were removed.
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Which of the following is an advantage of engineering controls?
C : Because they modify the work environment and equipment to reduce or isolate the worker from the source of the exposure to a hazard, engineering controls are more effective than administrative and PPE controls.
What advantages do engineering controls provide?By removing hazardous conditions or putting a barrier between the worker and the hazard, engineering controls safeguard workers. Local exhaust ventilation, which collects and removes airborne emissions, and machine guards, which protect the worker, are two examples. Installing guardrails to prevent falls, using portable air conditioners to combat heat stress, limiting exposure to hazardous chemicals through ventilation, and installing noise absorption panels to reduce high noise levels are all examples of engineering controls.
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Complete question :
Which of the following is an advantage of engineering controls?
a. Administrative controls.
b. Personal protective equipment (PPE).
c. protect workers .
How to do a journal entry for this worksheet?
The Journal entries for the respective entries are given below.
What are the journal entries?A. July 1
Petty Cash Fund Dr. $745
Cash Cr. $745
B. Replenishing the Petty Cash Fund on an unspecified date:
Store Supplies Expense Dr. $57
Miscellaneous Selling Expense Dr. $88
Cash Cr. $145
Petty Cash Fund Cr. $145
C. December 31
Store Supplies Expense Dr. $X (amount of missing funds)
Miscellaneous Selling Expense Dr. $Y (amount of missing funds)
Cash Cr. $119
Petty Cash Fund Cr. $X + $Y (sum of missing funds)
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How does the project fit within the global microeconomic environment? Support your response with evidence.
Explanation
Microeconomics is one of the significant center regions inside the scholarly field of financial aspects. While the degree and techniques for microeconomics can be intricate, its general center is moderately direct. Microeconomics inspects the regular activities of the commercial center, zeroing in on the choices made by people – individuals and organizations – as they purchase, sell, contribute and settle on other monetary choices. You don't have to officially consider microeconomics to apply a portion of its standards to your private company.
Describe an ethical dilemma related to work quality.
Answer:
an example could be if you work for a fast food place you could be making the food fast but your being judge on how it looks when your done like the quality of the meat the cheese how much you put like thats the work quality how good of a job are you doing with your work and what it looks like when its finished.
Explanation:
A quality inspector visits a factory and finds that the company uses substandard materials in its production. He feels obligated to write this in his report. However, he remembers the company's operations are managed by his best friend's father. It would be an example of an ethical dilemma related to work quality.
What is an ethical dilemma related to employee relations?Ethical dilemma refers to the a situation in which a difficult choice has to be made between two courses of action, which of them go beyond the moral principle.
An employee noticed workplace discrimination against some employees who belongs to a particular racial group in the branch where he works, even though company policy condemns such, but the local manager doesn't take complaints about the matter seriously. Headquarters sent representatives to the branch to find such issues and an opportunity is given to report these issues at workplace.
However, he still remembers that the manager gave him the opportunity by employing him despite his limited work experience when he interviewed for the job some months ago. It would be an example of ethical dilemma to employee relations.
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Anastasia is a principal who is responsible for telling one of her teachers that the school will be cutting her Spanish program in the fall. She has been friends with this teacher for years and knows that the teacher will be very upset. What is the most appropriate communication channel for Anastasia to choose to share this news with the teacher in this scenario?
Question 2 options:
She should send the teacher a formal, typed letter.
She should talk to the teacher face-to-face.
She should send the teacher a text message.
She should post the news on the school website.
Answer she should talk to her face to face
Explanation:
if she respects this woman that is the best way to keep it
a food worker wearing artifishal nails is preparing a salad for lunch rush what should she do to prevent from contaminating the salad
Answer:
wear gloves when preparing the salad.
Explanation:
Lilly created a comment card to give to customers during month of July
four accounting purpose ,what is the nature of the assumption as the length of life of an enterprise
Accounting suspicions 4 Accounting Assumptions are characterized as rules of activity or conduct which are inferred from involvement and practice, and when they demonstrate valuable, they ended up accepted standards of accounting.
4 basic assumptions of accounting are the pillars on which the structure of accounting is based. They are part of GAAP (Generally Accepted Accounting Principles).
1. Business entity concept
According to this assumption, the trade is treated as a unit or substance separated from its proprietors, leasers, supervisors, and others. In other words, the proprietor of an undertaking is continuously considered to be partitioned and unmistakable from the trade which he controls.2. Money measurements concept
The money related unit assumption implies that cash is the common denominator of financial action and gives an suitable premise for accounting estimation and analysis. That is, the money related unit is the foremost successful implies of communicating to interested parties changes in capital and trades of goods and services.3. Going concern Concept
It is also known as continuity assumption.Most accounting methods rely on the going concern assumption—that the company will have a long life. Despite numerous business failures, most companies have a fairly high continuance rate.4. Periodic concept
It is also known as the periodicity suspicion or period assumption. To degree the comes about of a company’s activity accurately, we would got to hold up until it liquidates. Decision-makers, in any case, cannot hold up that long for such data.To know more about accounting purposes visit:
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According to the above material, there exist large differences between economic growth rate using traditional expenditure approach and the satellite night-light data. How do you evaluate the night-light data method? and can you identify several reasons why there exists such differences?
The use of satellite night-light data as a method to evaluate economic growth has both strengths and limitations. Reasons for Differences between Traditional Expenditure Approach and Night-light Data: Informal Economy, Data Limitations, Urbanization Bias and Structural Changes.
Here is an evaluation of the night-light data method and several reasons for the differences observed between the traditional expenditure approach and the night-light data:
Evaluation of the Night-light Data Method:
Objective and Timely: Satellite night-light data provides an objective and timely measure of economic activity. Wide Coverage: Night-light data can cover large geographical areas, including remote and inaccessible regions. Granularity: The data can be analyzed at a fine-grained level, allowing for detailed spatial analysis of economic patterns. This can help identify pockets of growth and disparities within regions.Reasons for Differences between Traditional Expenditure Approach and Night-light Data:
Informal Economy: The traditional expenditure approach relies on official economic data, which may not fully capture the informal sector. Data Limitations: Night-light data has its limitations. It primarily measures economic activity related to lighting, which may not capture other dimensions of economic growth such as services or knowledge-based industries. Urbanization Bias: Night-light data tends to be more representative of urban areas with higher population density and greater access to electricity. Structural Changes: The traditional expenditure approach focuses on consumption and investment, while night-light data primarily captures the energy consumption associated with lighting.For such more question on economic:
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the unemployment rate includes marginally attached workers and underemployed workers. t or f
The unemployment rate includes marginally attached workers and underemployed workers False.
What is the unemployment rate made up of?The unemployment rate for any location is calculated by dividing the number of locals who are unemployed and actively looking for work by the total local workforce.
How is the unemployment rate calculated?A individual must be 16 years old and have been available for full-time employment for the previous four weeks in order to be declared jobless. During this time, the person ought to be actively hunting for work.
Who is included in the U-3 unemployment rate?All unemployed people who are available to accept a job and have actively looked for employment in the past four weeks are included in the official definition of unemployment (as measured in the CPS by U-3 in the U-1 to U-6 range of choices).
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. If the Federal Reserve raises interest rates in an autonomous tightening ________. A) the MP curve shifts up, there is an upward movement along the IS curve, and the AD curve shifts to the left to a lower level of equilibrium output B) the MP curve shifts down, there is a downward movement along the IS curve and the AD curve shifts to the right to a higher level of equilibrium output C) the MP curve shifts up, there is a downward movement along the IS curve and the AD curve shifts to the right to a lower level of equilibrium output D) the MP curve shifts down, there is an upward movement along the IS curve and the AD curve shifts to the left to a higher level of equilibrium output
Answer:
A the MP curve shift up ,there is an upward movement along the IS curve
Can someone help me?
yeah with what do you need help with
Question 7 (3 points)
All of the following are necessary functions of a government EXCEPT?
1) providing a legal system to enforce laws and protect property rights
2) maintaining competition by regulatingg monopolies
3) promoting economic growth at the expense of employment and inflation
4) providing goods that private companies cannot provide
The function of the government does not include 4) providing goods that private companies cannot provide
Functions of government:It gives the legal system for enforcing the laws and protecting property rights. It maintained the competition via regulating the monopolies.Also, it gives the economic growth.Read more about the government here: https://brainly.com/question/24479311
Do you think teams are a valuable new management technique that will endure, or are they just a fad that will be replaced with something else in the near future?
Teams are a valuable management technique that is likely to endure, but their implementation may change as the needs of organizations and the workforce evolve.
Are teams valuable management techniques that will endure?Teams have been a valuable management technique for decades, and their popularity has only increased over time. Teams can bring together individuals with different skills and perspectives, enabling them to work collaboratively to achieve a common goal. Additionally, teams can foster innovation and creativity, as well as promote a sense of ownership and accountability among team members.
There is no reason to believe that teams will become less important in the future. In fact, with the rise of remote work and the need for organizations to be more agile and adaptable, teams are likely to become even more prevalent. However, it is possible that the way teams are managed and organized may evolve over time, as new technologies and management theories emerge.
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True or False: A merger is a mutual agreement where a firm joins together with another firm, whereas an acquisition is when one firm purchases the assets and obligations of another firm.
True, A merger is a mutual agreement where a firm joins together with another firm, whereas an acquisition is when one firm purchases the assets and obligations of another firm.
A merger is a type of business combination in which two or more firms come together to form a single entity, typically with a new name and ownership structure. In a merger, the firms join together to create a new, larger entity, with the goal of achieving economies of scale and other benefits that come from combining their operations.
Mergers are usually mutual agreements, where both companies participate equally in the process. On the other hand, an acquisition (also known as a takeover) is a type of business combination in which one firm purchases another firm, usually by acquiring a majority stake in its shares or assets.
In an acquisition, the acquiring firm takes over the ownership and control of the acquired firm, which becomes a subsidiary of the acquiring company. Unlike mergers, acquisitions are not always mutual agreements and can be hostile, with the acquiring firm pursuing the takeover without the consent or cooperation of the target firm.
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Only certain employers are required to create a safe workplace, give safe tools and equipment to workers, maintain those tools, warn employees of any potential dangers, and create safety training and procedures.
A. True
B. False
Equity method for stock investment Obj. 3 Show Me How icon At a total cost of $5,600,000, Herrera Corporation acquired 280,000 shares of Tran Corp. common stock as a long-term investment. Herrera Corporation uses the equity method of accounting for this investment. Tran Corp. has 800,000 shares of common stock outstanding, including the shares acquired by Herrera Corporation. Journalize the entries by Herrera Corporation to record the following information: Tran Corp. reports net income of $600,000 for the current period. A cash dividend of $0.50 per common share is paid by Tran Corp. during the current period. Pencil Why is the equity method appropriate for the Tran Corp. investment
Answer and Explanation:
The journal entries are shown below:
1 Investment in Tran Corp $210,000
To Investment Income (280,000 ÷ 800,000 × $600,000) $210,000
(Being the investment in Tran corp. is recorded)
For recording this we debited the investment in tran corp as it increased the assets and credited the investment income as it also increased the revenue
2 Cash (280,000 × $0.50) $140,000
To Investment in Tran Corp $140,000
(Being the payment of cash dividend is recorded)
For recording this we debited the cash as it increased the assets and credited the investment in tran corp as it decreased the assets
(B) The equity method is appropriate as the Herrera owns 35% which come from
= $280,000 ÷ $800,000
= 35%
And it can be exercised when there is a significant influence or effect over the investor
Thông số để đo hiệu quả chạy quảng cáo
Answer:
Parameters to measure advertising performance
Explanation:
:)
Answer:
dont know tctcrc5c5c5c5v5v5vtvtc5ctc5c5c5
Explanation:
Refer to the above diagram of the market for corn. If the price in this market is $2 per bushel, then there will be? (The graph and answer choices are in the picture below)
If the price in this market is $2 per bushel, then there will be a shortage of about 8,000.
What is a shortage?A shortage occurs when the price of a good is below the equilibrium price. This would result in the quantity demanded of the good to be in excess of the quantity supplied.
Equilibrium is the point on a graph where the quantity demanded is equal to the quantity supplied. $2 is below the equilibrium price of $3, thus, there would be a shortage.
Shortage = quantity demanded - quantity supplied.
$12,000 - $4,000 = $8,000
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Discussion Questions
15-1. This chapter discusses four important issues
that will shape compensation professionals?
work for years to come. Which one of these
issues stands to create the greatest uncertainty
for compensation professionals? Explain
your answer.
The question is about the Compensation of professionals and its issues.
The most important issue out of the four discussed is the workforce diversity, this creates a great uncertainty in compensating the professionals.
Diversity in professionals create an environment where a group of people are working more and hard while the other group of people does not work much hours but still the compensation is on a similar level and sometimes when this compensation is varied with the group it is highly regarded as the inequality.
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Using Activity Based Costing, calculate the rate for each cost driver.
13 marks b) Using activity based budgeting, prepare a budgeted yearly operating statement for
Aero3D Ltd. Show the following separately, within the statement.
i. The budgeted output for each product per year;
ii. The contribution to profits for each product and in total before charging activity based costs;
iii. The profit for each product and in total after charging activity based costs but before charging core costs (non-activity based costs);
iv. The total profit after charging core based costs.
i. Budgeted output for each product per year is XS PRO: 3,400 units and POLYX: 1,800 units
ii. Contribution to profits for each product and in total before charging activity-based costs are XS PRO: £561,000 + POLYX: £379,800 (£940,800)
iii. Profit for each product and in total after charging activity-based costs but before charging core costs are XS PRO: Profit after activity-based costs and POLYX: Profit after activity-based costs
iv. Total profit after charging core costs: Total profit after charging core costs
How did we arrive at these values?To calculate the rate for each cost driver using Activity Based Costing (ABC), divide the total cost of each cost pool by its respective cost driver.
a) Calculation of rates for each cost driver:
1. Condensing machine:
Rate = Total cost of condensing machine / Number of production batches
Rate = £450,000 / 60
Rate = £7,500 per batch
2. Shaping machine:
Rate = Total cost of shaping machine / Shaping machine hours
Rate = £130,000 / (3,400 × 0.50 + 1,800 × 0.70)
Rate = £130,000 / 2,400
Rate = £54.17 per shaping machine hour
3. Manual handling of material:
Rate = Total cost of manual handling of material / Weight of material handled
Rate = £55,000 / (3,400 × 1.2 + 1,800 × 1.4)
Rate = £55,000 / 7,040
Rate = £7.80 per kilogram of material handled
b) Budgeted yearly operating statement for Aero3D Ltd:
i. Budgeted output for each product per year:
- XS PRO: 3,400 units
- POLYX: 1,800 units
ii. Contribution to profits for each product and in total before charging activity-based costs:
Contribution per unit = Selling price - Direct material cost - Direct labor cost
- XS PRO: £175 - £8 - £2 = £165 per unit
- POLYX: £225 - £10 - £4 = £211 per unit
Contribution before activity-based costs:
- XS PRO: £165 × 3,400 = £561,000
- POLYX: £211 × 1,800 = £379,800
Total contribution = £561,000 + £379,800 = £940,800
iii. Profit for each product and in total after charging activity-based costs but before charging core costs:
Cost breakdown per unit:
- XS PRO:
- Condensing machine cost = Rate (Condensing machine) × Number of production batches
- Shaping machine cost = Rate (Shaping machine) × Shaping machine hours
- Manual handling cost = Rate (Manual handling of material) × Weight of material handled
Total cost per unit = Direct material cost + Direct labor cost + Condensing machine cost + Shaping machine cost + Manual handling cost
- POLYX:
- Condensing machine cost = Rate (Condensing machine) × Number of production batches
- Shaping machine cost = Rate (Shaping machine) × Shaping machine hours
- Manual handling cost = Rate (Manual handling of material) × Weight of material handled
Total cost per unit = Direct material cost + Direct labor cost + Condensing machine cost + Shaping machine cost + Manual handling cost
Profit after activity-based costs but before core costs:
- XS PRO: Selling price - Total cost per unit
- POLYX: Selling price - Total cost per unit
iv. Total profit after charging core costs:
Total profit = Total contribution - Core costs
Since the core costs are given as a fixed amount and not linked to any activity or cost driver, they are not allocated using the ABC method.
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(a) Explain the quantity theory and
(b) how does the theory explains the cause of inflation
Answer:
The quantity theory of money defends that the money supply has a determining influence on the price level, that is, that the quantity of circulating money will necessarily be imputed to the value of the quantity of commercial operations that are carried out.
Therefore, this theory establishes that the creation of money without increasing the commercial volume (the total amount of tradable goods) will lead to inflation, since it is not really increasing the economic value of an economy, but only the money supply of it, which is "empty" of value, and therefore is coupled with existing commercial transactions.
Use of the marginal cost of capital
a. None of these options are correct.
b. recognizes that the return from the last dollar of funds generated should be greater than or equal to the cost of the last dollar of funds raised.
c. acknowledges that when retained earnings are used up as a source of equity, the cost of capital rises as new common stock is sold to support more growth and recognizes that the return from the last dollar of funds generated should be greater than or equal to the cost of the last dollar of funds raised.
d. acknowledges that when retained earnings are used up as a source of equity, the cost of capital rises as new common stock is sold to support more growth.
Answer:
The correct answer is the option B: recognizes that the return from the last dollar of funds generated should be greater than or equal to the cost of the last dollar of funds raised.
Explanation:
To begin with, the concept of ''marginal cost of capital'' refers to the composite rate of return that is required by the shareholders and the debt-holders in order to establish a new investment in the actual company. Moreover, this type of cost relates to the weighted average cost of the last dollar of new capital raised by the company and is has the necessity of being greater than or at least equal to the cost of the last dollar of funds raised due to the fact that only in that way the investors will consider to invest again in a new project for the company.
Mrs. Slayman slays all day. She slays 17 times a second. Approximately how much Slaying does Mrs. Slayman do in a day?
Mrs. Slayman slays approximately 1,468,800 times in a day.
How to calculate much Slaying does Mrs. Slayman do in a dayIf Mrs. Slayman slays 17 times every second, then in one minute (60 seconds), she slays:
17 times/second * 60 seconds = 1020 times/minute
In one hour (60 minutes), she slays:
1020 times/minute * 60 minutes = 61,200 times/hour
And in one day (24 hours), she slays:
61,200 times/hour * 24 hours = 1,468,800 times/day
Therefore, Mrs. Slayman slays approximately 1,468,800 times in a day.
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I need to see how to do this.
There are two consumers, Andy and Ben, in the market for pumpkins. Their willingness to
pay for each pumpkin is shown in the table Pumpkin Market. There are two producers of
pumpkins, Cindy and Diane, and their costs are also shown. The equilibrium price for
pumpkins is $8 and the equilibrium quantity is 5. If Andy consumes one more pumpkin
and Ben consumes one fewer pumpkin than in equilibrium, total surplus will _____ by
The answer is, Ben buys 3 pumpkins and his consumer surplus is 6$, if The equilibrium price for pumpkins is $8 and the equilibrium quantity is 5.
In economics, what is consumer surplus?The difference between the price a consumer pays for a good and the amount he would be prepared to pay rather than do without it is known as consumer surplus, also known as societal surplus and consumer's surplus, in economics.
What do the economic terms consumer surplus and producer surplus mean?The gap between a consumer's willingness to pay and their actual purchase price is referred to as the consumer surplus. The difference between the market price and the least amount a producer is willing to take in exchange for a good is known as the producer surplus.
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What is the discount rate of a stream of cash flows of 50,000 that have a present value of 450,000?
Answer:
11
Explanation:
The operating budget provides a roadmap for financial plans for a short-term, future period. What is a typical “future period” for an operating budget?
An operating budget is a financial statement that outlines the organization's expenditures and revenues for a specific period.
The operating budget is typically for a fiscal year, which is usually twelve months. The future period for an operating budget is usually a fiscal year or less than a year. The operating budget is critical because it establishes guidelines for financial activities and operations in an organization. It provides a roadmap for financial plans for a short-term, future period, which typically begins on January 1st and ends on December 31st.
An organization creates an operating budget to aid in the allocation of resources and expenditures to achieve its objectives for a given period. A typical operating budget is for a fiscal year. A fiscal year is the period when an organization prepares its financial statements. It is usually 12 months, but it may be shorter or longer depending on the organization. An operating budget typically covers one fiscal year; however, it may be longer or shorter based on the organization's preferences.
The future period for an operating budget is frequently updated to reflect the company's current situation and financial standing. It takes into account the actual results of the previous period and the estimated expenditures and revenues for the upcoming year to develop the operating budget for a future period.
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