(a) Farmer B benefits more from the technology improvement due to higher demand elasticity. (b) Subsidies are preferable to price floors for increased producer welfare. (c) Monopolists don't always maximize profit.
(a) The diagram illustrates that the improvement in farming technology leads to a shift in the supply curve to the right for both farmers A and B. However, due to the relatively more inelastic demand for Farmer B's product, the increase in quantity supplied is larger for Farmer B compared to Farmer A. As a result, Farmer B benefits more from the technological improvement in terms of higher equilibrium quantity and potentially higher revenue. The equilibrium price may remain the same or decrease slightly due to the overall increase in supply.
(b) The diagram shows that a subsidy leads to an increase in the price received by producers and an expansion in the quantity supplied. On the other hand, a price floor sets a minimum price above the equilibrium, leading to a surplus and potential inefficiency. Therefore, a subsidy is generally preferable as it allows producers to receive a higher price while maintaining market equilibrium and avoiding the negative consequences of surplus and potential inefficiency.
(c) The statement is not necessarily true. While a monopolist may consider producing where the demand is unit elastic to maximize revenue, profit maximization depends on the relationship between marginal revenue and marginal cost. A monopolist should produce where marginal revenue equals marginal cost to maximize profit, which may not necessarily correspond to the point of unit elastic demand. The profit-maximizing output level depends on the specific characteristics of the demand and cost structure faced by the monopolist. Therefore, producing at the point of unit elastic demand is not always the optimal strategy for profit maximization by a monopolist.
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Isaac has analyzed two mutually exclusive project of similar size and has compiled the following information based on his analysis. Both projects have 3 year lives.
Project A Project B
Net Present Value $81,406 $82,909
Payback Period 2.48 years 2.31 years
Average Accounting Return 9.58 percent 9.53 percent
Required Return 11.5 percent 12.0 percent
Required AAR 9.25 percent 9.25 percent
Please provide formula with answer. Thank you. Isaac has been asked for his best recommendation given this information. His recommendations should be to accept: A. Both projects. B. Project B because has the shorter payback period. C. project B and reject project A based on their net present values. D. project A and reject project B based on their average accounting return. E. Neither project
Given the net present value (NPV), payback period (PBP), average accounting return (AAR), required return (RR), and the required average accounting return (RAAR) of two mutually exclusive projects of similar size, Isaac must accept both projects. Option A is correct.
The net present value (NPV) is the difference between the present value of cash inflows and the present value of cash outflows. It provides an indication of the expected profitability of an investment in terms of the currency of the country. The project with a higher net present value should be selected. The formula for NPV is:
NPV = ∑(Cash flows/ (1 + k)t) - Initial investment,
where k is the required return.
The payback period (PBP) is the time taken for the initial investment to be recovered from the cash inflows. It ignores the time value of money and hence, is a less accurate metric for selecting projects. The project with a shorter payback period should be selected. The formula for PBP is:
PBP = Initial investment/Annual net cash inflows.
The average accounting return (AAR) is the average net income of the project expressed as a percentage of the initial investment. It considers the entire project life and hence, is a better metric than the PBP for selecting projects. The project with a higher AAR should be selected. The formula for AAR is:
AAR = Average net income/Initial investment.
Required return (RR) is the minimum return that investors expect for investing in the project. If the expected return is less than the required return, the project should be rejected. The required average accounting return (RAAR) is the minimum average accounting return that investors expect for investing in the project. If the AAR is less than the RAAR, the project should be rejected.
Based on the above formulas and the given information, the following table summarizes the relevant information for the two projects.
Project A:
NPV $81,406
PBP2.48 years
AAR9.58%
RR11.5%
RAAR9.25%
Project B:
NPV $82,909
PBP 2.31 years
AAR 9.53%
RR 12.0%
RAAR 9.25%
Based on the above table and the formulas, the following recommendations can be made:
Project A has a higher NPV than project B, so project A should be accepted. Project B has a shorter payback period than project A, but the difference is only 0.17 years, which is not significant. Hence, the PBP cannot be used to select between the two projects.
Project A has a higher AAR than project B, so project A should be accepted. The required return (RR) for project A is less than the expected return, so project A can be accepted. The required return (RR) for project B is more than the expected return, so project B should be rejected.
The AAR for both projects is greater than the required AAR, so both projects can be accepted.
Therefore, the best recommendation based on the given information is to accept both projects (option A).
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In the local market for coffee, what would happen if joyce's java and everyday joe's coffee shops go out of business?
If Joyce's Java and Everyday Joe's coffee shops go out of business in the local market for coffee, it could have several potential effects. Firstly, there may be a decrease in consumer choice and the variety of coffee shops available. This could lead to a decrease in competition, potentially resulting in higher prices for coffee.
Additionally, the closure of these shops could lead to job losses for employees working at these establishments. The remaining coffee shops in the market may experience an increase in customer traffic as consumers shift their patronage to other existing coffee shops. Overall, the impact would depend on the specific dynamics of the local market and the response of consumers and other coffee shops in the area.
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for which form of intervention do we expect the product to be purchased by consumers with the highest willingness to pay?
The form of intervention that is expected to result in the product being purchased by consumers with the highest willingness to pay is option b: Auction.
In an auction, the product or service is typically sold to the highest bidder. This means that consumers who have a higher willingness to pay for the product are more likely to bid higher and win the auction. The competitive bidding process in auctions allows the price to be determined by the consumers themselves, based on their perceived value and willingness to pay.
By allowing consumers to bid and compete for the product, auctions tend to attract buyers who value the product highly and are willing to pay a higher price to acquire it. This mechanism ensures that the product is allocated to those consumers who place the highest value on it and are willing to pay the most.
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What does it mean to “authenticate” your payment? How do these payment systems authenticate?
Answer:
Payment authentication is the process of confirming a customer's identity through at least one of the following authentication factors: knowledge, inherence, ownership, and user location. Knowledge is the most common category used for transaction authentication.
Do you think apple should be responsible for ethical lapses made by individuals further down its supply chain
Yes, trying to meet a huge demand at a low price is one of the reasons for this unethical conduct.
Is the supply chain for Apple moral?Wherever they produce goods or offer services for Apple, the company's suppliers are obligated to ensure a safe working environment, treat employees with respect and dignity, behave fairly and ethically, and adopt environmentally friendly methods.
What are breaches in ethics?Business-related wrongdoing like fraud, bribery, insider trading, and environmental disasters caused by carelessness or neglect are examples of ethical shortcomings. They also cover personal ethical transgressions like exaggerated resumes and immoral sexual behavior.
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All of the following are reasons for revenue variances EXCEPT ________.
A.) A change in discount structure
B.) A change in input prices
C.) A change in product mix
D.) A change in selling price
All of the given options are reasons for revenue variances expect B.) A change in input prices.
What is revenue variances?Revenue variances can be described as the tools that is usually used in statistiucs which do help in the process of measurement of the difference between expected and actual sales.
It shpould be noted that the information that an be gotten from there can determine the success of an organization's selling activities , and some of the reasons for this tool are the change in product mix and change in selling price.
Therefore, option B is correct.
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Brenda is a housekeeper who is supposed to stand in the presence of her employers as a sign of respect. Given this information, it can be said that Brenda is required to show __________.
Given the information provided, it can be said that Brenda is required to show **deference**.
The expectation for Brenda to stand in the presence of her employers signifies a gesture of respect and deference towards them. Deference refers to showing submission, respect, or yielding to someone of higher authority or social status. In this context, Brenda's act of standing demonstrates her acknowledgment of her employers' authority and their position in the household hierarchy.
Showing deference can be a cultural or social norm in certain contexts or professions, emphasizing a power dynamic or established social etiquette. It is a way of displaying respect and acknowledging the perceived status or authority of others.
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DECA is a CTSO for:
A. Blue-collar Workers
B. Maintenance Workers
C. Fashion Students
D. Marketing Students
Do you intend to make specific contributions to the support of the beneficiary named in this form i-134?.
Form I-134 is used whilst a U.S. citizen or green card holder is of the same opinion to emerge as an economic sponsor of a traveler visa or a K1 and K2 visa.
Who is the beneficiary in I-134?The beneficiary is the foreigner who uses it for an immigration grant. A beneficiary may also report Form I- 134 on behalf of himself or herself
For example, in 2021, a sponsor withinside the U.S. mainland could want to have profits (or assets) of at least $33,125 to cover a petitioner who lives by himself and is sponsoring one immigrant and children (that is, a complete of 4 people)
Thus, Yes, if required a person can make contributions for the support of a beneficiary unless they fulfill the minimum income eligibility criteria given by the Govt.
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the "real," or inflation-adjusted, exchange rate is question 5 options: the balance of trade. the budget deficit. the purchasing-power ratio. unimportant to the u.s. economy. none of the options are correct.
The value of one currency in terms of another currency is referred to as the purchasing power ratio and is adjusted for changes in the inflation rates between the two currencies.
measure of inflation is the overall rise in an economy's level of prices for goods and services over time. The Consumer Price Index during specific time period is often used to express it as a percentage increase Because they affect the buying power of money, the cost of living, and the value of assets, inflation rates are significant for both consumers and governments. Low inflation rates might indicate sluggish economic growth, while high inflation rates can result in a loss of buying power and make it more difficult for people to afford goods and services Through monetary policy, the central bank is crucial to controlling inflation and preserving price stability
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Flank wear is measured by (two best answers):
Select one or more:
O a. wear depth
O b. Wear land depth
O c. wear volume
O d. d. wear area
O e. e. wear band width
O f. wear time
O g. g. wear thickness
Flank wear is measured by wear land depth and wear width.
Flank wear is a type of tool wear that occurs on the surface of cutting tools and it is the wear that happens at the intersection of the cutting edge and the finished workpiece.
Wear land depth refers to the degree of wear of the tool tip. In order to calculate the degree of wear, you will need to subtract the original depth from the new depth. The wear land depth is the height of the uncut portion of the cutting tool.
The wear width is the measurement of the width of the worn section on the cutting tool. It is measured from the edge of the wear band to the edge of the uncut portion of the cutting tool. The wear width can be used to determine how much of the tool is left and when it needs to be replaced.
The two best answers to measure flank wear are:
Wear land depth.
Wear width.
Flank wear is a common issue that can affect the efficiency of a cutting tool. By measuring the wear land depth and the wear width, it is possible to determine how much of the tool is worn and when it needs to be replaced. The depth and width of the wear area will increase over time, which will ultimately lead to the tool becoming less efficient.
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The poorest 25 percent of the u.s. population earned ________ or less per year in 2016.
The poorest 25 percent of the u.s. population earned $24,600 or less per year or less per year in 2016.
In 2016, the poorest 25 percent of the U.S. population earned $24,600 or less per year. This figure represents the annual income threshold below which a quarter of the population falls. It signifies the economic challenges faced by a significant portion of the population, highlighting income disparities and financial struggles. It's important to note that this income level may vary over time due to factors such as inflation and economic fluctuations.
Individuals and families within this income bracket often face difficulties meeting their basic needs, including housing, healthcare, and education. Addressing income inequality and providing opportunities for upward mobility are crucial in promoting economic well-being and reducing poverty rates in the United States.
Therefore, the poorest 25 percent of the u.s. population earned $24,600 or less per year or less per year in 2016.
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What amount should Rubi classify as monetary assets in preparing constant dollar financial statements? a. $0 b. $ 20,000 c. $ 600,000 d. $ 620,000.
Rubi should classify $20,000 as monetary assets in preparing constant dollar financial statements, as loans to employees are considered monetary assets, while merchandise inventory is a non-monetary asset. Thus, option B is the answer.
Constant dollar financial statements are prepared in order to adjust financial results for the effects of inflation. In this case, Rubi Co. has merchandise inventory with a value of $600,000 and loans to employees with a value of $20,000.
However, when preparing constant dollar financial statements, only monetary assets are adjusted for inflation, as non-monetary assets, such as merchandise inventory, do not typically experience the same inflationary effects as monetary assets.
Therefore, in this case, only the loans to employees would be considered monetary assets and included in the calculation of Rubi's total monetary assets. Thus, Rubi should classify $20,000 as monetary assets in preparing constant dollar financial statements.
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Okay is it just me or is anyone else getting so many exams and redos right now
Answer:
ufff
Explanation:
exam s are over Best Of Luck ! ❤️❤️
Answer:
i am
Explanation: hey it me mat, i know its been a while and you problably forgot about me by now but. im sorry and id like to talk.
Day 2 still: Put whatever you want you deserve a break from answering or asking questions :D
thank you very much kind person :-)
Answer
Anybody else lokey failing lol
Explanation:
an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
write the basic processes of project planning.
Project planning is a critical step in managing a successful project. It involves defining the scope, objectives, and requirements, as well as setting deadlines, allocating resources, and identifying risks.
Here are the basic processes of project planning:
Define Project Scope: This involves outlining the project's purpose, goals, and deliverables. Clearly defining the scope helps avoid scope creep and ensures the project remains on track.Develop Project Objectives: Establish measurable and achievable objectives that align with the project's purpose. Objectives help guide the project team and provide a basis for evaluating progress.Identify Stakeholders: Determine the individuals and organizations directly or indirectly affected by the project. Engage with stakeholders to gather their input, expectations, and concerns.Establish Project Requirements: Gather and document the specific needs, expectations, and constraints for the project. These requirements serve as a reference for decision-making and help avoid misunderstandings.Develop a Project Schedule: Create a timeline for the project by defining the start and end dates of each task, dependencies between tasks, and milestones. The schedule helps ensure timely project completion and enables monitoring of progress.Allocate Resources: Identify the human, financial, and material resources required for the project, and allocate them appropriately. Proper resource allocation helps prevent delays and cost overruns.Identify and Assess Risks: Evaluate potential risks, including their likelihood and impact on the project. Develop strategies to mitigate or address these risks to minimize their impact on the project's success.Establish Communication Channels: Determine the communication methods and frequency for sharing project updates, progress, and issues with stakeholders and team members. Effective communication helps maintain engagement and resolve issues promptly.Create a Monitoring and Control Plan: Develop a plan to track project performance and progress, comparing it against the objectives and schedule. This plan enables proactive adjustments to stay on track and achieve project success.Learn more about project planning:
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Problem 3 Y = F(K, LE) vs. Y = F(K, LA), ΔΑ ΔΕ A E 9, A>E a. Ak = sf (k) - (n + g + 6)k = 0 in steady state and y* = f(k)=n+g+8 b. Y =→pre capita income in steady state = y*E and = y*A, and y*A > y*E C. MPK = f'(k) d. Real wage Y = MPK XL + MPK XK → MPK XL=Y-f'K - MPL = -f' = E(y* - f'k')
Previous question
In steady state, the equation Ak = sf(k) - (n + g + δ)k = 0 represents the condition for capital accumulation equilibrium, where y* = f(k) = n + g + δ.
The equation Ak = sf(k) - (n + g + δ)k = 0 is derived from the production function Y = F(K, LE) in steady state. It represents the condition where the rate of capital accumulation (Ak) is equal to the depreciation rate (n + g + δ), resulting in a stable level of capital (K). In this equation, s denotes the savings rate, f(k) represents the production function as a function of capital (K), LE represents labor and other inputs, n represents population growth, g represents technological progress, and δ represents the depreciation rate.
In steady state, the per capita income (Y per capita) is equal to the steady-state output per worker (y*) for both economies with different factor inputs, denoted as E and A. However, it is stated that y*A (per capita income for economy A) is greater than y*E (per capita income for economy E). This suggests that economy A, which uses factor LA, has a higher output per worker compared to economy E, which uses factor LE.
The marginal product of capital (MPK) is denoted as f'(k) and represents the additional output produced by an additional unit of capital (K). Additionally, the real wage (wage adjusted for inflation) is given by the equation Y = MPK × XL + MPK × XK, where XL denotes labor input and XK represents the capital input. By substituting the value of MPK as f'(k) into the equation, we can derive the equation MPK × XL = Y - f'(k). This equation shows the relationship between the real wage and the difference between total output (Y) and the marginal product of capital (f'(k)). The difference, denoted as MPL, can be written as MPL = -f'(k) = E(y* - f'(k')), where k' represents the steady-state capital level. This equation implies that the marginal product of labor (MPL) is equal to the negative value of the marginal product of capital (f'(k)).
Overall, these equations and relationships highlight the conditions and dynamics of steady-state capital accumulation, per capita income, the marginal product of capital, and the real wage in the given context.
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What is the effect of incentive?.
The enterprises that receives incentives could see an increase in their net revenue.
What is the effect of an incentive?In business, he extra business profits from incentives are retained locally as a benefit of the program , if those businesses are held by citizens of the jurisdiction providing the incentives.In employment services, Incentives is considered as a method of compensation.It was closely correlated with employee performance when incentives were taken into consideration. Employee performance improves with increased earnings or incentives. Employees can also be compensated in addition to receiving a salary through this system of financial incentives.When government point of view is considered, to persuade businesses to relocate or expand, states utilize economic development incentives. When an incentive produces economic gains that outweigh its costs and any negative effects, residents benefit from it.To learn more about incentives, refer:
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The volume of a cube is found with the formula V = s3, where s is the length of an edge of the cube. A container in the shape of a cube has a volume of 125 cm³. What is the depth of the container? Th
The depth of the container is 5 cm as the volume of a cube with 5 cm edge length is 125 cm³.
The given volume of the container is 125 cm³. We know that the volume of a cube is given by the formula V = s³, where s is the length of the cube. Therefore, we can use the formula to find the edge length of the container: V = s³ 125 = s³
Taking the cube root of both sides to solve for s, we have s = 5.
Therefore, the length of an edge of the container is 5 cm. Since the container is a cube, all three sides are of equal length. Therefore, the depth of the container is also 5 cm. Hence, the depth of the container is 5 cm.
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_____ allows industries, organizations, and companies to approach business decisions from different perspectives. Arbitration Ergonomics Tolerance Workforce diversity
Answer:
Workforce diversity
Explanation:
Workforce diversity refers to similarities and differences between employers and employees in terms of their race, religion, gender, perspectives and opinions.
Diversity is important for every industry, organization, and company since people have different perspective and views, they approach business problems differently, leading to different solutions. Diversity leads to increase profits, creativity, wide range of skills e.t.c.
12. Real vs. Nominal (LO2, CFA2) Using the information from Problem 10, calculate the inflation rates and approximate real GDP growth rates for 2018 and \( 2019 . \)
To calculate the inflation rates and approximate real GDP growth rates for 2018 and 2019, the specific data from Problem 10 is required.
In order to determine the inflation rates and approximate real GDP growth rates for 2018 and 2019, the relevant data provided in Problem 10 is needed. Without the specific information regarding the GDP figures and price levels for those years, it is not possible to calculate the inflation rates and real GDP growth rates. The calculation typically involves comparing the percentage change in the price level (inflation rate) and the percentage change in nominal GDP (approximate real GDP growth rate) over the given time period.
Once the necessary data is available, the inflation rates and real GDP growth rates can be calculated using appropriate formulas or calculations.
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What was in the sealed box from the Virginia Company in England that the settlers
A opened once they arrived?
B guns and weapons for protection from Indians
C gold
D the names of the seven men who would be the leaders
E a map that showed where the gold was
Answer:
B
Explanation:
Answer:
The Virginia Company sent a list of seven qualified men who could serve on a council and be the leaders. The company leaders did this because they knew the men would have a hard time agreeing on who should be the leaders.
Explanation:
What processes are business processes, such as manufacturing goods, selling products, and providing service, that make up the primary activities in a value chain
Core Process is the answer
A core process is an organization's process that aims to produce goods or serve customers.
In business, a core item is defined as an item that is immediately responsible for the revenues and cash flows of that particular business, whereas a non-core item is of a more strategic view, intended to benefit the revenue model and cash flows of the core items
4 Five core processes are required for the success of small business
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Your health insurance plan has a $20 copay for certain covered prescription medications.
You arrive at the pharmacist and pick up your prescription (which is covered under your
plan) which has a list price of $75. How much would you pay the pharmacy?
The amount that you would pay the pharmacy, given your copay and the covered prescription medication, is $20.
What is an insurance copayment ?A copayment for health insurance is a defined dollar amount that is determined by the insurance plan and used to divide the cost of covered treatments between the plan and the consumer. Each plan's cost-sharing system, which details how much you'll actually pay for services, medications, doctor visits, and other expenses, is a key selling factor.
Copays are normally paid at the time of service and are a set dollar amount rather than a portion of the bill. Not all medical procedures require a payment. For instance, some insurance providers don't demand a copay for yearly physicals.
The amount you are to pay the pharmacy therefore, given the insurance plan copay, is $ 20.
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What is the purpose of international trade and how does it help the countries involved in it?
Answer:
the trade without border is
international trade.it purposes to share goods ,ideas,resources, etc.
it helps country in the time of need.
Answer:
Global trade makes it possible for people living in one country to use products from another country, allowing them to benefit from products that are not domestically produced. If a country is endowed with abundant labor or favorable climatic conditions, it has an advantage over the nations that do not have them. It makes economic sense to produce and export goods that other countries cannot produce as cheaply. This way, the exporters can increase sales with foreign commerce and strengthen their country’s economy, while earning profits at the individual level. It also helps strengthen the foreign currency reserves of the country.
International trade is a key driver in regulating foreign currency rates. Global trade helps balance a country’s cyclical pattern of trade deficit and surplus. When a country’s currency is strong, its imports tend to exceed its exports, thus creating a trade deficit for the importer. This situation leads to the exporter country’s currency strengthening and the importer’s currency eventually weakening. Over time, a role reversal happens with exports overtaking imports, thus strengthening the exporter’s currency and creating a trade surplus for the importer. Many other factors influence this cycle too, for example, product cost inflation and interest rates. Global trade removes boundaries and makes the whole world into a single marketplace, and that can work to the benefit of all the participating partners.
Explanation:
PLATO answer!
The price elasticity of supply measures how Multiple Choice easily labor and capital can be substituted for one another in the production process. responsive the quantity supplied of X is to changes in the price of X. responsive the quantity supplied of Y is to changes in the price of X. responsive quantity supplied is to a change in incomes.
Answer:
Yes
Explanation:
Cause an increase in price causes increase in goods produced
Phoenix Management helps rental property owners find renters and charges the owners one-half of the first month's rent for this service. For August 2022, Phoenix expects to find renters for 100 apartments with an average first month's rent of $920. Budgeted cost data per tenant application for 2022 follow:
Professional Labor: 1.5 hours at $20.00 per hour
Credit checks: $61.00
Phoenix expects other costs, including the lease payment for the building, secretarial help, and utilities, to be $4,100 per month. On average, Phoenix is successful is placing one tenant for every three applicants. Actual rental applications in August 2022 were 270. Phoenix paid $8,700 for 390 hours of professional labor. Credit checks went up to $66 per application. Other costs in August 2022 (lease, secretarial help, and utilities) were $4,700. The average first monthly rentals for August 2022 were $1,020 per apartment for 90 units.
Required:
(a) What is the master budget variance for August 2022?
(b) What is the total flexible budget variance for the month?
(c) What is the sales volume variance for the month?
A. The Master budget variance for August 2022 is -$200.
B. The Flexible budget variance is $9,000.
C. The Sales volume variance is -$8,290.
a. Master budget variance for August 2022:
Master budget variance refers to the difference between the planned budget and the actual budget. It is the difference between the total master budget and the total actual results for the budget period. Therefore, the formula for calculating the master budget variance is given as:
Master budget variance = Actual results - Master budget.
Variables include:
Actual results = Actual cost and revenue for the budget period.
Master budget = The planned cost and revenue for the budget period.
Calculation of actual revenue:
Actual revenue = Actual first-month rent * Number of rented apartments
Actual revenue = $1,020 * 90
= $91,800
Calculation of budgeted revenue:
Budgeted revenue = Budgeted first-month rent * Number of apartments
Budgeted revenue = $920 * 100
= $92,000.
Master budget variance = Actual revenue - Budgeted revenue
Master budget variance = $91,800 - $92,000
Master budget variance = -$200.
b. Total flexible budget variance for the month:
The total flexible budget variance is the difference between the actual revenue earned from the actual number of units sold and the revenue that could have been generated from the actual number of units sold multiplied by the budgeted selling price.
Calculation of actual revenue:
Actual revenue = Actual first-month rent * Number of rented apartments
Actual revenue = $1,020 * 90
= $91,800
Calculation of flexible budget revenue:
Flexible budget revenue = Budgeted selling price * Number of rented apartments for actual activity
Flexible budget revenue = $920 * 90 = $82,800
Flexible budget variance = Actual revenue - Flexible budget revenue
Flexible budget variance = $91,800 - $82,800
Flexible budget variance = $9,000.
c. Sales volume variance for the month:
The sales volume variance is the difference between the actual contribution from the actual number of units sold and the contribution that could have been generated from the budgeted number of units sold. Therefore, the formula for calculating the sales volume variance is given as:
Sales volume variance = (Actual number of units sold - Budgeted number of units sold) * Budgeted contribution margin per unit.
What is the sales volume variance for the month?
Calculation of actual number of units sold:
Actual number of units sold = 90
Calculation of budgeted number of units sold:
Budgeted number of units sold = 100
Calculation of budgeted contribution margin per unit:
Budgeted contribution margin per unit = Budgeted selling price - Budgeted cost per unit
Budgeted contribution margin per unit = $920 - ($61 + (1.5 hours * $20))
Budgeted contribution margin per unit = $920 - $91
Budgeted contribution margin per unit = $829
Sales volume variance = (Actual number of units sold - Budgeted number of units sold) * Budgeted contribution margin per unit
Sales volume variance = (90 - 100) * $829
Sales volume variance = -$8,290.
Answer:
Sales volume variance = -$8,290.
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1. Identify the three types of duties that CBP assesses and how the duty is calculated under each type of duty.How does one protest a duty/liquidation?
The three types of duties that CBP assesses and how the duty is calculated under each type of duty are as follows:Ad valorem duties: Ad valorem duties are levied as a percentage of the customs value of the imported product, such as 10% of the value of the imported product.
Specific duties: Specific duties are levied at a specific rate per unit of measure, such as per kilogram or per meter.A combination of ad valorem and specific duties: A combination of ad valorem and specific duties is assessed on imported goods under this category, with the rate being a mix of both. For example, a product with a value of $10,000 could be charged a 5% ad valorem duty, as well as a $1 per kilogram specific duty for a total of $15,000 ($10,000 x 5% + $1 x 5,000 kg).
Protesting a duty/liquidation: To protest a duty/liquidation, one must submit a written protest to CBP within 180 days of the liquidation of the goods. The protest must contain a description of the merchandise, the classification of the merchandise, the amount of the duty that is in dispute, and a legal or factual argument. The protest must be signed by the importer or their legal representative, and it must be filed with the port director where the entry was filed. The CBP will examine the protest and issue a ruling, which can be appealed if necessary.
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consider the following artificial data set: 5, 5, -10, 6, -3, -3 what is the sample size? sample mean
From the given dataset, the sample size is 6 and the sample mean is 0.
In statistics, a sample is a subset of the population that is used to make inferences about the entire population. In this case, the artificial data set provided is the sample.
To find the sample size, we simply count the number of data points in the set. In this case, there are six data points, so the sample size is 6.
To find the sample mean, we add up all the data points and divide by the sample size. Using the data set provided, we have:
(5 + 5 - 10 + 6 - 3 - 3) / 6 = 0
So the sample mean is 0.
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