Answers
Neil has to hire 3 workers (B) to maximize his profits after the incrase of the fixed costs.
From the case, we know that:
New fixed costs = $200
Wages per worker = $10.00 per hour
Selling price = $2.00 per unit
Remember that:
VC = Total hours x wages per worker per hour
Total revenue = selling price x quantity produced
To find the maximum profits, we have to find the total revenues, total costs and expected profits for each scenario. The total revenues, total costs and expected profits are:
No. of Total Q produced Total Revenue VC FC Profit
workers hours
1 80 750 $1,500 $800 $200 $500
2 160 1,400 $2,800 $1,600 $200 $1,000
3 240 2,000 $4000 $2,400 $200 $1,400
4 320 2,100 $4,200 $3,200 $200 $800
5 400 2,150 $4,300 $4,000 $200 $100
Based on the calculation above, the maximum profit occurs if Neil hire 3 workers and sell 2,000 buns.
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Complete Question:
(Refer to table attached below)
Neil's Bakery is famous for its giant cinnamon buns. The bakery has fixed costs of $100. Neil must pay each worker a wage of $10.00 per hour. The table shows how many cinnamon buns he can produce with his labour force. He can sell each cinnamon buns for $2. Suppose the fixed costs rise to $200, how many workers should be hire now to maximize profits?
a. 2 workers
b. 3 workers
c. 4 workers
d. 5 workers
Related Questions
Describe how sales and consumer-related legislation and regulations affect the delivery of customer service
Answers
Health and safety legislation affects customer service delivery as it requires staff in an organization to ensure the safety of themselves and others, and act responsibly.
There are many perspectives like Changes to tax regulations and rates can have a significant impact on a business. For example, a fall in the rate of corporation tax reduces the amount of tax that corporations have to pay on their profits.
Customer service staff who deal with customers should know about the impacts and effects of legislation and regulations that protect the consumer when buying goods and services.
Governments issue regulations related to environmental practices, employee practices, advertising practices, and much more.
Government regulations affect how companies structure their businesses, where companies decide to locate, how they classify their employees and thousands of other things.
Environmental regulations, intended to protect human health and the environment, generally result in higher production costs and lower productivity in firms, which can lead them to shift investment and production to less stringent locations.
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list four government services and benefits they provide to you and your family. try to put a monetary value on these benefits by thinking about what you would be willing to give up to receive them if they were not available
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Populations that are impacted can also be assessed using economic value metrics, frequently by dividing the total number of parties impacted by the magnitude of each benefit or harm.
The societal advantages supplied by regulatory alternatives and other ecosystem management or policy initiatives, as well as the tradeoffs between them, can be demonstrated for decision-makers using the economic evaluation of ecosystem services.
Value entails a systematic measurement of the advantages and costs experienced by society in comparable (often monetary) units using methods based on economic theory. Decision-makers frequently use monetary valuation because of its benefits, such as the capacity to aggregate benefits and compare benefits and costs.
Economic valuation's adherence to economic welfare theory is one of its distinguishing features. The formal foundation needed to link changes in anticipated financial values with net well-being or social welfare is provided by this underlying theory. In the absence of this relationship, there is no guarantee that a monetary measure will correlate in any way to social wellbeing.
Money estimates of ecosystem services that have been estimated using methods that share this theoretical grounding are internally consistent and directly comparable, regardless of the source or cause of the benefit or cost.
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Futura Company purchases the 69,000 starters that it installs in its standard line of farm tractors from a supplier for the price of $10.80 per unit. Due to a reduction in output, the company now has idle capacity that could be used to produce the starters rather than buying them from an outside supplier. However, the company’s chief engineer is opposed to making the starters because the production cost per unit is $11.20 as shown below: Per Unit Total Direct materials $ 4.00 Direct labor 3.20 Supervision 1.70 $ 117,300 Depreciation 1.20 $ 82,800 Variable manufacturing overhead 0.60 Rent 0.50 $ 34,500 Total product cost $ 11.20 If Futura decides to make the starters, a supervisor would have to be hired (at a salary of $117,300) to oversee production. However, the company has sufficient idle tools and machinery such that no new equipment would have to be purchased. The rent charge above is based on space utilized in the plant. The total rent on the plant is $83,000 per period. Depreciation is due to obsolescence rather than wear and tear. Required: What is the financial advantage (disadvantage) of making the 69,000 starters instead of buying them from an outside supplier?
Answers
Financial advantage (disadvantage) of making the 40,000 starters instead of buying them from an outside supplier is: $89,700.
Financial advantage (disadvantage)First step is to calculate the relevant cost of making starters
Relevant cost= Direct materials+ Direct labor+ Variable manufacturing overhead+ Supervision
Relevant cost=($4×69,000)+ ($3.20×69,000) +($0.60×69,000) + $117,300
Relevant cost=$276,000+$220,800+$41,400+$117,300
Relevant cost=$655,500
Second step is to calculate the relevant cost of buying starters
Relevant cost=$10.80 × 69,000
Relevant cost=$745,200
Third step is to calculate the financial advantage
Financial advantage=$745,200-$655,500
Financial advantage=$89,700
Therefore the financial advantage is $89,700.
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The purpose of the cash flow statement is to
Answers
Answer:
The cash flow statement makes adjustments to the information recorded on your income statement, so you see your net cash flow—the precise amount of cash you have on hand for that time period. For example, depreciation is recorded as a monthly expense
Explanation:
Cash flow refers to the net balance of cash moving into and out of a business at a specific point in time. Cash is constantly moving into and out of a business. For example, when a retailer purchases inventory, money flows out of the business toward its suppliers.
Question 7 of 10
Business health insurance plans are
A. required
B. varied
C. non-existent
D. uniform
so
Answers
Help: will give brainliest
A production manager is looking for new sources of raw material because he
is concerned about the effects of a long-term drought. This manager is
engaging in
A. enterprise risk management
B. scenario analysis
C. diversification planning
O D. offshore outsourcing
Answers
The manager is engaged, based on the looking out for new sources of the material needed, in Enterprise Risk management.
What is Enterprise Risk Management ?Enterprise risk management (ERM) is a systematic approach to identifying, assessing, and controlling risks that an organization faces in achieving its objectives. It involves the processes and systems used by organizations to assess and manage the uncertainty inherent in their operations and activities.
The goal of ERM is to help organizations make informed decisions that balance the trade-off between risk and reward and promote long-term success. This is what the manager is doing by trying to get ahead of the drought.
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Among the following, who is not a Management expert? Peter F. Drucker Mc Kinsey Albert Grahmbell Elton Mayo
Answers
Answer:
Elton mayo should be the answer
Albert Grahmbell is not a Management expert.
Peter Ferdinand Drucker was an Austrian-American author, educator, and management consultant whose works helped provide the theoretical and operational groundwork for the contemporary commercial company.
Decentralization, prioritising knowledge work, management by objectives, and SMART goals are the tenets of Drucker's theory of management.
James O. McKinsey, a professor at the University of Chicago, founded McKinsey & Company in 1926. This multinational management consulting firm provides expert services to businesses, governments, and other organisations.
The idea that social and relational elements have a greater impact on employee motivation than economic or environmental factors is supported by Elton Mayo's management theory.
Who was Albert Grahmbell?Scottish-born American audiologist and inventor Alexander Graham Bell was born in Edinburgh, Scotland, on March 3, 1847, and passed away in Nova Scotia, Canada, on August 2, 1922. In order to spread the visible-speech method created by his father, Alexander Melville Bell (1819–1905), he relocated to the United States in 1871. He started his own deaf teacher training programme in Boston in 1872, and he had a significant impact on the spread of these techniques. He was the first to send understandable words via an electric wire in 1876 (he said to his assistant Thomas Watson, "Watson, come here, I want you"). In the same year that he cofounded Bell Telephone Co., he also received a patent for the telephone. In 1880, he established Volta Laboratory in Washington, D.C., using the money from France's Volta Prize. His experiments there resulted in the development of the photophone, which used light to transmit voice, the audiometer, an early practical sound recorder called the Graphophone, and workable wax recording media in both cylindrical and flat forms for the Graphophone. The American Association to Promote Teaching of Speech to the Deaf was created by him in 1890, and he was primarily responsible for launching the journal Science. He also conducted extensive study on deafness throughout his life.
Supporting answer
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You buy one Huge-Packing August 50 call contract and one Huge-Packing August 50 put contract. The call premium is $1.95, and the put premium is $5.20. Your highest potential loss from this position is _________.
Answers
Help on HIPAA changes
Answers
Some HIPAA changes:
PHI of patients would be inspected by patients and they can take notes or photographs of their PHIThe maximum time to provide access to PHI will be from 30 days to 15 daysWhat is HIPAA?Health Insurance Portability and Accountability Act of 1996 (HIPAA) is known as a federal law that requires the creation of national standards in protecting sensitive patient health information from being disclosed without the patient’s knowledge or consent.
Some HIPAA changes in 2022 are:
PHI of patients would be inspected by patients and they can take notes or photographs of their PHIThe maximum time to provide access to PHI will be from 30 days to 15 daysRequests by individuals to transfer ePHI to a third party will be limited to the ePHI maintained in a particular EHRPatients will be permitted to request their PHI be transferred to a personal health applicationCovered entities will be required to inform patients that they have the right to obtain or direct copies of their PHI to a third party.Learn more about HIPAA here:
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Which type of company only spends money when absolutely necessary?
Answers
You need to answer all questions about the case "IKEA Entering India, Finally" Make sure that your submission (paper) should reflect a deep understanding of the content of international expansion and global economy (see Chapter 13). Your paper should have 3 to 4 pages (except for a cover page and references) for this assignment. An electronic document will be required. Format your paper according to APA style. Use double-spacing, Times New Roman, 12-point font with a 1-inch margin
Answers
Answer:
oiuytrertyhj
Explanation:
Which type of investment is not typically part of an income investment strategy? A. Dividend-paying stocks B. Mutual funds C. Savings account D. Real estate
Answers
Answer: savings account
Explanation:
Income investment strategy seek to do: dividend paying stocks, short term bonds, mutual funds, real estate
Savings account is not typically part of an income investment approach.
What is a savings account?An account in a retail bank is a savings account. Common characteristics include a cap on withdrawals, no check-writing or debit card capabilities, few transfer alternatives, and no overdraft protection. Savings account transactions were typically recorded in a passbook in the past, hence the term "passbook savings accounts," and bank statements were not typically supplied. Nowadays, same transactions are typically recorded electronically and are available online.
There are many different kinds of savings accounts, many of which have specific functions. These can include money market accounts, retirement accounts, Christmas club accounts, investment accounts, and accounts for young savers. Some savings accounts additionally have additional unique criteria, like a minimal opening deposit, regular deposits, and withdrawal notices.
What is an income investment approach?Building a portfolio of investments that is especially designed to produce consistent income is at the core of the investment approach known as income investing. The only goal of the income investing approach is to produce a steady flow of income. Dividends, bond yields, and interest payments are all examples of the consistent income.
A capital appreciation approach, which focuses on investing in businesses with the potential for considerable long-term growth, is essentially the reverse of an income investment strategy. By holding shares of companies that often reinvest retained earnings for expansion rather than paying them out to investors in this situation, an investor is putting less faith in dividends and more faith in price appreciation.
The main objective of income investing is to generate passive income for the investor. Stocks that could experience significant price increases in the future are less appealing to investors. Instead, they focus on businesses that have a history of regularly delivering dividends to their shareholders.
Investors can approach income investing in a variety of ways depending on their investment objectives and portfolio management techniques.
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A Market share is usually stated as a
Answers
Answer:
stock
Explanation:
a stock is a a share of a company
calculating broad money supply?
Answers
Answer:
M3 (Broad Money)
M3 = M1 + Time deposits with commercial banks (Fixed deposits, Recurring deposits). MIND IT: M3= M1+time and NOT M3=M2+time.
In a small town, there are two discount stores ABC and XYZ. They are the only stores that handle the festival goods. The total number of customers is equally divided between the two because the price and quality of goods sold are equal. Both stores have good reputations in the community, and they render equally good customer services Assume. that a gain of customer ABC byis a loss to XYZ and vice versa. Both stores plan to run annual pre-Christmasale during the first week of December. Sales are advertised through the local news paper,radio and television media.With the
aid of advertising thef payofforABC store is constructed and given. below
XYZ store
News paper Radio Television
News paper 30 40 -80
ABC radio 0 15 -20
Television 90 20 50
Find optimal strategiesbothfor stores and the value of the game.
Answers
An approach for analysing situations where parties, or players, make interdependent decisions is provided by the field of applied mathematics known as game theory.
What is the aid of advertising thef payoff?Each player's decision or plan must take into account the prospective actions or strategies of the other players because of their interconnection.
A game's solution outlines the optimal decisions taken by players, who may have similar, opposing, or mixed interests, as well as the potential outcomes. Parlor games have been studied using game theory, although its applications are much more varied.
In reality, American economist Oskar Morgenstern and American mathematician John von Neumann of Hungarian and German ancestry developed game theory to address economics-related problems. They were Princeton University classmates.
Therefore, Although newspaper is the best course of action for XYZ, television is the best course of action for ABC.
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According to O*NET, what are common skills needed
by Tour Guides? Select three options.
active listening
science
speaking
social perceptiveness
troubleshooting
equipment maintenance
repairing
Answers
Answer:
1 3 4
Explanation:
Answer:
1 3 and 4
Explanation:
...
Lakesha is preparing an internal newsletter for her company to describe the best practices for dealing with customer complaints. What
will help Lakesha create a good informational report?
O Prepare a simple report detailing the common industry practices for dealing with customer complaints.
O Research common complaint-management programs and write a report about the research in an email to her co-workers.
Prepare a simple report explaining the company's process for addressing customer complaints.
Answers
In order for Lakesha to create a good informational report, then she should prepare a simple report explaining the company's process for addressing customer complaints.
An informational report is a report that contains facts and detailed information about a particular topic.Based on the information given, detailing the common practices that are used by the industry in dealing with customer complaints isn't required in this case but rather, the company should be more specific on ways that it can use to handle its personal issue.Therefore, Lakesha should prepare a simple report explaining the company's process for addressing customer complaints.
In conclusion, the correct option is C.
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A bank employee sold customers’ personal identification information to a third party. What law did the employee break?
Answers
Answer:
The Gramm-Leach-Bliley Act (GLBA), aka the Financial Services Modernization Act of 1999
Explanation:
If a person buys goods from a minor, he/she holds only voidable title to
those goods. *
True
False
Answers
Answer:
True
Explanation:
Gordon and Lisa estimate that they will need $1,875,000 in 40 years for their retirement fund. If they can earn
7% annually on their funds, how much do they need to save annually? (Round to ne nearest whole dollar.)
$7,238
O $7,987
O $8,103
O $9,392
O $9,875
Answers
Based on the amount that Gordon and Lisa will needed in 40 years, and the rate earned on their funds, they need to save $9,392.
How much should Gordon and Lisa save?The amount is an annuity because it is constant. The $1,875,000 will be the future value of that annuity.
The formula is:
Future value of annuity = Amount x ( ( 1 + rate) ^ number of periods - 1) / rate
Solving gives:
1,875,000 = Amount x ( ( 1 + 7%)⁴⁰ - 1) / 7%
1,875,000 = Amount x 199.6351
Amount = 1,875,000 / 199.6351
= $9,392
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which profession do you prefer to choose for your career engineer or doctor why
Answers
Answer:
doctor
Explanation:
because if you are an engineer you will work harder then a doctorans you will get more money when your a doc
A Troubador is... *
O An English word for Trouble Maker
O A Buddhist Monk
O A traveling Sacred Musician
A traveling Seculary Musician
Answers
Answer:
A troubadour was a poet and musician of the Middle Ages who performed songs about chivalry and courtly love. Troubadours were mainly active in the courts of the Frankish nobility and played an important role in the development of vernacular literature in medieval Europe. Their songs were typically performed with a musical instrument, such as a lute or a harp, and helped to spread stories, news, and cultural values across the continent.
Problem 8, MacroSoft Inc. has capitalized $600,000 of software costs. Sales from this product were $360,000 in the first year. MacroSoft estimates additional revenues of $840,000 over the product’s economic life of 5 years.
Instructions
Prepare the journal entry to record software cost amortization for the first year. Show all computations.
Answers
Journal Entry:
Date: [First year-end date]
The amortization expense for the first year is $120,000.
Debit: Amortization Expense - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Credit: Accumulated Amortization - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Explanation:To record the software cost amortization for the first year, we need to allocate a portion of the capitalized software costs as an expense. Since the software has an estimated economic life of 5 years, we divide the total software cost ($600,000) by 5 to determine the annual amortization expense. In this case, the amortization expense for the first year is $120,000. We debit the Amortization Expense - Software Cost account to recognize the expense and credit the Accumulated Amortization - Software Cost account to accumulate the amortization over time.For more such questions on Journal Entry
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3. What are some potential negative outcomes of filing for bankruptcy?
Answers
Bankruptcies are considered negative information on your credit report, and can affect how future lenders view you. Seeing a bankruptcy on your credit file may prompt creditors to decline extending you credit or to offer you higher interest rates and less favorable terms if they do decide to give you credit. Many credit card companies will automatically cancel your credit cards when you file for bankruptcy and this may lead to having difficulty getting new credit cards or lines of credit. If you have any joint accounts, creditors can demand payment from the non-bankrupt debtor or any cosigners on those accounts.
Bonds are less risky than are stocks because their return is more predictable.
Select one:
a. TRUE
b. False
Answers
Bonds are less risky than are stocks because their return is more predictable.
Heart/Brainliest would help me react Genius rank!
In product development, what is an iterative
loop?
A. It is when customers and employees provide feedback to the
design team.
B. It is when the design team creates a prototype.
C. It is when a new product is released to the general public.
Answers
Answer:
The answer is A. It is when customers and employees provide feedback to the design team.
An iterative loop is a process in which the design team creates a prototype, tests it with customers and employees, and then uses the feedback to improve the prototype. This process is repeated until the design team is satisfied with the product.
Iterative loops are a valuable part of the product development process because they allow the design team to get feedback from real users early on. This feedback can help the team identify any problems with the design and make improvements before the product is released to the general public.
Here is an example of an iterative loop in product development:
1. The design team creates a prototype of a new product.
2. The team tests the prototype with customers and employees.
3. The team collects feedback from the users.
4. The team uses the feedback to improve the prototype.
5. The team repeats steps 2-4 until they are satisfied with the product.
Iterative loops can be used to develop any type of product, from software to hardware to consumer goods. They are a valuable tool for any design team that wants to create a product that meets the needs of its users.
Explanation:
if I make $2,000 a day how much is that monthly?
Answers
Answer:
$60,000
Explanation:
If there is an average of 30 days in a month, then you would take $2,000 and multiply it by 30. So,
30 * 2,000 = 60,000
Thus, you would make around $60,000 monthly.
Hope this helps!! If you have questions please ask!
I NEED HELP FINDING THE COST OF VEHICLE IN 2022 (ii) Fixed assets: Land and buildings Vehicles Accumulated depreciation on vehicles Equipment Accumulated depreciation on equipment 2022 R ? 956 000 2021 R ● • Vehicles are depreciated at 20% p.a. on a diminishing balance. . Equipment is depreciated at 15% p.a. on cost. 1 750 000 620 000 ? 318 000 The bookkeeper calculated the total depreciation as R328 200 before taking the following into account: Vehicles: • An old delivery vehicle, with a carrying value of R170 000 on 1 March 2021, was sold for R140.000 on 1 December 2021. Equipment: An alarm system costing R48 000 was installed on 1 August 2021.
Answers
Vehicles that have a loaded weight rating (gross vehicle weight rating) over 6,000 pounds are exempt from the luxury car depreciation caps.
Can you deduct a car purchase for a company in 2022?You can write off the full expense of owning and operating your vehicle if you exclusively use it for business purposes (subject to limits discussed later). However, if you use the vehicle for both business and pleasure, you can only deduct the cost associated with business use.
The special depreciation allowance for 2022 is what.The maximum special depreciation allowance for certain eligible property placed in operation after December 31, 2022, and before January 1, 2024, is 80% of the original cost of the property. This excludes some long production period equipment and certain aircraft.
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Paul’s grocery received 1,000 pounds of onion at $0.11 per pound. On the average, 3% of the onions will spoil before selling. Find the selling price per pound to obtain a makeup rate of 180% based on cost.
Answers
The selling price per pound for onions to obtain a makeup rate of 180% based on cost is $2.0350.
What is the selling price per pound for onions?Total Cost = Quantity * Cost per pound
Total Cost = 1,000 pounds * $0.11/pound
Total Cost = $110
Spoilage Quantity = 3% of Quantity
Spoilage Quantity = 3% of 1,000 pounds
Spoilage Quantity = 0.03 * 1,000 pounds
Spoilage Quantity = 30 pounds
Effective Quantity = Quantity - Spoilage Quantity
Effective Quantity = 1,000 pounds - 30 pounds
Effective Quantity = 970 pounds
Makeup Rate = 180%
Selling Price per pound:
= (Total Cost * Makeup Rate) / Effective Quantity
= ($110 * 1.80) / 970 pounds
= $2.03505/pound.
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is a segment of a market that is not currently being exploited.
a.niche
b.merger
c.stock
d.share
Answers
A niche market is: a. a portion of a market that is not yet being fully used. An area of a broader market known as a "niche market" can be identified by its own particular demands.
Give an example of a niche market:A niche market is a segment of a larger market that stands apart from the market as a whole due to its unique needs, preferences, or identity.
What exactly is a niche market?For instance, the market for women's shoes is divided into a number of separate segments or niches. Shoes for women in larger sizes, shoes for nurses, and shoes for vegans are all examples of specialized markets. Almost every market has room for improvement.
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