on december 31, 2016, krug company prepared adjusting entries that included the following items: - depreciation expense: $\$ 31,000$. - accrued sales revenue: $\$ 29,000$. - accrued expenses: $\$ 12,000$. - used insurance: $\$ 9,000$; the insurance was initially recorded as prepaid. - rent revenue earned: $\$ 7,000$; the rent was initially prepaid by the tenant and credited to unearned rent revenue. if krug company reported total liabilities of $\$ 110,000$ prior to adjusting entries, how much are krug's total liabilities after the adjusting entries? (a) usd 86,000 (b) usd 141,000 (c) usd 115,000 (d) usd 110,000

Answers

Answer 1

We need to determine the effect of each adjusting entry on Krug Company's liabilities.

How much are krug's total liabilities after the adjusting entries?

To solve this problem, we need to determine the effect of each adjusting entry on Krug Company's liabilities.

- Depreciation expense: This entry does not affect liabilities, as it represents the allocation of the cost of a long-term asset over its useful life.

- Accrued sales revenue: This entry increases liabilities, as Krug Company has not yet received payment for the revenue earned. The increase in liabilities is equal to the amount of accrued sales revenue, which is $\$29,000$.

- Accrued expenses: This entry increases liabilities, as Krug Company has incurred expenses but has not yet paid for them. The increase in liabilities is equal to the amount of accrued expenses, which is $\$12,000$.

- Used insurance: This entry does not affect liabilities, as it represents the use of a prepaid expense that was already recorded as a reduction of liabilities.

- Rent revenue earned: This entry decreases liabilities, as Krug Company has now earned the rent revenue that was previously recorded as unearned rent revenue. The decrease in liabilities is equal to the amount of rent revenue earned, which is $\$7,000$.

To calculate Krug Company's total liabilities after the adjusting entries, we need to add up the effects of each entry:

Total Liabilities = Prior Liabilities + Increase in Accrued Sales Revenue + Increase in Accrued Expenses - Decrease in Unearned Rent Revenue

Total Liabilities = $\$110,000 + \$29,000 + \$12,000 - \$7,000$

Total Liabilities = $\$144,000$

Therefore, the answer is not one of the choices provided.

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Related Questions

in countries of latin america: group of answer choices accounting standards previously emphasized accounting in highly inflationary economies. accounting practice currently emphasizes political colonialism. accounting standards focus are based on recent market economy reforms. banks are the primary source of financing for companies. accounting information is prepared to meet the needs of governmental planners.

Answers

In countries of Latin America, the accounting standards focus on recent market economy reforms. The correct option is C.

Accounting standards are a collection of criteria, principles, and regulations established by authoritative organizations that regulate the creation, disclosure, interpretation, and auditing of financial statements. Accounting standards help to ensure that financial statements produced by businesses are reliable, transparent, and informative to investors, creditors, and other stakeholders.

Accounting standards are critical because they provide a framework for financial reporting that ensures that businesses provide accurate and transparent information to stakeholders. Accounting standards allow investors and creditors to compare the financial performance and position of companies accurately. They are critical in facilitating trade, investment, and economic growth.

In countries of Latin America, C: the accounting standards focus on recent market economy reforms.

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When calling a support line to request help with a computer problem, it is best to

provide as many details and information as possible.
keep information to a minimum to avoid confusion.
avoid attempting to name or identify the problem.
avoid first attempting simple fixes to the problem

Answers

Answer: Provide as many details and information as possible.

Explanation:

So they can identify the problems with your computer

Answer:

1.provide as many details and information as possible.

Explanation:

Critically explain Robbins definition of economics?​

Answers

Answer:

In his landmark essay on the nature of economics, Lionel Robbins defined economics as. “the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses”

Explanation:

the role of ____ is to direct one nation's savings into another nation's investments:

Answers

The role of capital flows is to direct one nation's savings into another nation's investments.Capital flows play a crucial role in the global economy by facilitating the movement of funds from one country to another for investment purposes.

When a nation has excess savings, it can invest those savings in other countries where there may be a higher return on investment or better investment opportunities.Capital flows can take different forms, such as foreign direct investment (FDI), portfolio investment, or loans. In the case of FDI, companies from one country may invest in productive assets, such as factories or businesses, in another country. Portfolio investment involves buying stocks, bonds, or other financial assets issued by foreign entities. Loans can be provided by banks or international financial institutions to support investments in other countries.By directing one nation's savings into another nation's investments, capital flows can contribute to economic growth, technology transfer, job creation, and improved living standards in both the investing and receiving countries.

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homework libABC Inc. uses a machine that can produce 95 cranks per hour. The firm operates 9 hours per day, six days per week. Due to regularly scheduled preventive maintenance, the firm expects the machine to be running during approximately 90% of the available time. Based on experience with other products, the firm expects to achieve an efficiency level for the cranks of 80%. What is the expected weekly output of cranks for this company

Answers

The expected weekly cranks output should be 3,693.60.

The following formula should be applied:

= Number of cranks produced per hour × number of hours operated per day × number of days per week × expected machine running percentage × efficiency level

= 95 × 9 × 6 × 90% × 80%

= 3,693.60

Therefore we can conclude that The expected weekly cranks output should be 3,693.60.

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What are the disadvantages and advantages of money?

Answers

Explanation:

advantages

.Human beings need money to pay for all the things that make your life possible, such as shelter, food, healthcare bills, and a good education.

Money gives you the power to pursue your dreams. 

Money gives you freedom.

Money gives you security. 

disadvantages

•Money can lead to disagreements.

•obsession with money, or a love of money, can create a host of problems.

Extras you receive for employment, which could include retirement plans, health insurance, and vacation time, are called ______. A. Flextime b. Income c. Benefits d. Outlook Please select the best answer from the choices provided A B C D.

Answers

Answer:

C. Benefits

Hope this helps!

______ Is a market in which a large number of suppliers compete with each other to satisfy the needs and wants of a large numbers of consumers at a competitive price.???

Answers

Answer : Monopolistic competition

Answer:

Monopolistic Competition

Explanation:

In a monopolistic competitive market, there are large numbers of sellers who do not sell identical products instead they sell differential products. They compete with each other at a competitive price. The products could be differentiated in many ways including quality, style, location and even brand name. Since they compete at a competitive price, if there is a substantial rise in the price of any of the products, the buyers could quickly shift from one product to another. The most crucial factor behind product differentiation is because of geographical factors. Under a monopolistic competitive market, the sellers do not have any influence over customer loyalty and limited control over the price.

For each situation, select one option from below that you think will help increase profit.
These are answers for the question to put on
1.Avoid extra payroll expenses.
2. Get the best rates on advertising.
3.Change the product you provide.
4. Use resources wisely.
5. Beat the competition.
6. Get the best rates on supplier purchases.
7. Eliminate some free services.
8. Increase worker efficiency.

For each situation, select one option from below that you think will help increase profit.These are answers

Answers

Four important elements can contribute to profitability. Costs are coming down, turnover is going up, production is going up, and efficiency is going up.

Choose the option from the list below that you believe will help enhance profit for each circumstance.

1. Limit additional payroll costs- Increase

2. Find the best advertising prices- Increase

3. Modify the offering you make- decrease

4. Make good use of resources- Increase

5. Outperform the opposition- Increase

6. Find the most affordable supplier prices- Increase

7. Discontinue a few free services - No effects

8. Boost personnel effectiveness- Increase

What does "profit" mean?

Profit is the term used to describe the financial gain experienced when the revenue from a commercial activity exceeds the costs, costs, and taxes associated with maintaining that activity.

In accounting, a profit is an income that is given to the owner throughout a successful market producing process. Profitability, which is the owner's primary interest in the income-formation process of market production, is measured by profit. There are various profit metrics that are frequently used.

How are earnings raised?

Profitability may be boosted in four important areas. Costs are being cut, turnover is rising, productivity is up, and efficiency is up. You can also diversify into new market segments or create brand-new goods or services.

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Question # 5
Multiple Choice
The executive summary portion of the market plan should be no more than a couple of pages long.
A
O False
O True

Question # 5Multiple ChoiceThe executive summary portion of the market plan should be no more than a

Answers

It is true that the executive summary portion of the market plan should be no more than a couple of pages long.

What is market plan?

A market plan is described as a strategy that is mainly implemented for advertising purposes, and the main goal of this strategy is to sell services and products. It is important to mention that a market plan allows one to properly identify the target market.

The executive summary highlights an overall summary of a document. Hence, the entire length of the executive summary mainly depends on the entire length of the document. The summary or executive summary of a document can range from one to two pages. Hence, the statement is true.

It can be concluded that the executive summary portion of the market plan should be no more than a couple of pages long.

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compare the three-month moving average forecast with the exponential smoothing forecast using = 0.2. (round your answers to two decimal places.)

Answers

The table shows the given data and the respective forecasts using both methods. The comparison of the three-month moving average forecast with the exponential smoothing forecast using α = 0.2 is as follows. The Three-month moving average is 56.33 while the Exponential smoothing forecast using α = 0.2 is 55.97.

Given data is:

Jan-Feb-Mar: 54, 58, 67, 66, 70, 71, 77, 83, 89, 94, 95, 103, 109, 119, 123, 137, 146, 164, 179, 189, 204, 220, 240, 263

Three-month moving average forecast:

The three-month moving average is the average of the latest three months. It starts from the third month. The formula of a three-month moving average forecast is: (Ft+1) = (At + At-1 + At-2) / 3.

The three-month moving average forecast of the fourth month is the average of the first three months, i.e., 56.33 rounded to two decimal places.

Exponential smoothing forecast:

An exponential smoothing forecast is used to calculate the future value of a series based on past data. In this method, the most recent data has more weight than the older data. The formula of exponential smoothing forecast is:

Ft+1 = α At + (1 - α) Ft.

The first forecast for the fourth month is taken as At. The exponential smoothing forecast of the fourth month is calculated as:

F4 = α A3 + (1 - α) F3F3 = (54 + 58 + 67) / 3 = 59.67F4 = α 67 + (1 - α) 59.67Using α = 0.2, we getF4 = 0.2(67) + 0.8(59.67)F4 = 55.97 rounded to two decimal places.

The three-month moving average forecast is 56.33, and the exponential smoothing forecast using α = 0.2 is 55.97. Therefore, the exponential smoothing forecast using α = 0.2 is a better forecast.

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Find a product demonstration that educates people about a particular product. Describe that demonstration. Evaluate the demonstration by explaining whether it educated you about the product or simply tried to persuade you to buy the product

Answers

Answer:

An Example of a product demonstration is Scrub Daddy.

Explanation:

Scrub Daddy is the most successful product from the hit television show Shark Tank with more than $100 million in retail sales.  It became popular due to the founder's simple and effective presentation that was all about clearly demonstrating it's benefits instead of being a 'sales person'

The scrub daddy makes it easier to wash dishes and sensitive crockery. If it is placed in cold water, it becomes hard, making it useful to scrub greasy surfaces. However, under hot water, it becomes soft which is excellent for expensive China etc.

He demonstrated this in front of the TV cameras clearly with props and tools and quickly won a large dedicated audience.

Answer:

Answer:

An Example of a product demonstration is Scrub Daddy.

Explanation:

Scrub Daddy is the most successful product from the hit television show Shark Tank with more than $100 million in retail sales.  It became popular due to the founder's simple and effective presentation that was all about clearly demonstrating it's benefits instead of being a 'sales person'

The scrub daddy makes it easier to wash dishes and sensitive crockery. If it is placed in cold water, it becomes hard, making it useful to scrub greasy surfaces. However, under hot water, it becomes soft which is excellent for expensive China etc.

He demonstrated this in front of the TV cameras clearly with props and tools and quickly won a large dedicated audience.

Explanation:

Bob is demonstrating what behaviors with respect to valuing team diversity?
What are some alternative choices for what Brad can do next? What should
he do?

Answers

Bob is demonstrating behaviors related to valuing team diversity. Alternative choices for Brad and what he should do are not specified in the question.

The first part of the question mentions Bob demonstrating behaviors related to valuing team diversity. However, the specific behaviors demonstrated by Bob are not provided. It is important to understand that valuing team diversity involves acknowledging and respecting the unique perspectives, backgrounds, and contributions of team members from different demographic, cultural, and experiential backgrounds. The second part of the question mentions alternative choices for Brad and what he should do. However, the specific context or situation in which Brad finds himself is not provided. Therefore, it is not possible to suggest alternative choices or determine what Brad should do without additional information. To provide a more detailed response and guidance, it would be helpful to have specific details about the behaviors exhibited by Bob and the context or situation in which Brad is involved. This would allow for a more accurate assessment and recommendation regarding the alternative choices for Brad and what he should do.

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Momentum, a brand of sports cars, launched an advertising campaign with a tagline that states, "Our cars outperform most cars on the road even before you step on the accelerator." In this scenario, the company is using ________ segmentation as it targets its product to satisfy consumers who want to satisfy performance needs. benefit
demographic
geographic
socioeconomic

Answers

Momentum, a brand of sports cars, launched an advertising campaign with a tagline that states, "Our cars outperform most cars on the road even before you step on the accelerator." In this scenario, the company is using benefit segmentation as it targets its product to satisfy consumers who want to satisfy performance needs.

Benefit segmentation is a type of market segmentation strategy in which the target market is divided into segments based on the perceived benefit that consumers seek from a product or service. In other words, the company divides the market into different groups of consumers based on the specific benefits they are looking for in a product or service.

For example, Momentum is using benefit segmentation by targeting consumers who want to satisfy their performance needs. The company is emphasizing the superior performance of its sports cars, which appeals to consumers who are looking for high-performance vehicles. By doing so, Momentum is trying to differentiate its product from other cars in the market and attract consumers who value performance and speed over other features.

Therefore the correct option is benefit

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Draw your graphs. Draw a basic market graph for each headline you chose. You should have two graphs, where each focuses on one product market. Title each graph with the market for the product affected in your news headline, such as "Market for Orange Juice." In each graph, label the axes, curves, equilibrium price "Pe," and equilibrium quantity "Qe." Note: The headlines you chose might reference or imply more than one good or service. However, you will interpret the impact on just one product market for each headline. As long as your graphs are reasonable for your chosen headlines, your work should be acceptable. Add the shift in each graph. Draw a new curve on each of your graphs to reflect the shift in either supply or demand. Label it D1 or S1, accordingly. Label the new equilibrium price P1 and the new equilibrium quantity Q1. Add arrows to show the direction of the changes in the curve, price, and quantity. Explain the outcomes. In a complete paragraph for each graph, explain how your graph illustrates the news event. Describe what changed and why. Include the one element of either TRIBE or ROTTEN that best explains the shift. Describe how this led to the market outcomes for equilibrium price and quantity. You will have two paragraphs, one for each graph.

Answers

The procedures listed below can be used to illustrate each headline's basic market graph and the change in either supply or demand:

Headlines that mention or imply the availability of many products or services.

Each graph should have a title that references the market for the product that was impacted in the news headline, such as "Market for Orange Juice." The axes, curves, equilibrium price ("Pe"), and equilibrium quantity ("Qe") of each graph should be given appropriate labels.

To represent the change in either supply or demand, add a new curve to each of your graphs. If so, indicate it as D1 or S1. Put a number next to the new equilibrium quantity Q1 and price P1.

Explain in detail how each graph demonstrates the effect of the change in supply or demand on the market for the product mentioned in the news headline.

As a result, the significance of the will have two paragraphs, one for each graph are the aforementioned.

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determine if Pepsi and Coca Cola are a duopoly​

Answers

Answer:

The soft drink industry is a duopoly with differentiated products. Two firms, Coca-cola and Pepsi, compete through Cournot quantity-setting competition. Denote the quantity that Coca-cola and Pepsi produce by Q1 and Q2, respectively. The demand curve for the industry is P = 10 – Q1 – 2Q2.

Explanation:

Using demand curves, what would happen if the price of pop increases?
o. Demand for pop will increase
b. The demand curve will shift to the right
c. Demand for pop will decrease
The demand curve will shift to the left

Answers

Using demand curves, if the price of pop increases, then, the demand for pop will decrease. The Option

How does demand for product change in response to a change in price?

According to demand law , as the price of a product increases, the quantity demanded of that product will decrease. This inverse relationship between price and quantity demanded is illustrated graphically by a downward-sloping demand curve.

Therefore, if the price of pop increases, the demand for pop will decrease. This can be shown by a movement up along the demand curve, resulting in a lower quantity demanded at each price point.

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A major disruption in financial markets characterized by sharp declines in asset prices and firm failures is called a.

Answers

A major disruption in financial markets characterized by sharp declines in asset prices and firm failures is called a financial crisis.

A financial crisis occurs when the value of financial assets and instruments drastically declines. As a result, firms struggle to pay their debts, and financial institutions lack the cash or convertible assets needed to fund initiatives and take care of urgent demands.

Falling US housing values and an increase in the number of borrowers unable to make loan payments were the GFC's main causes. Around the middle of 2006, the supply of newly constructed homes in some places grew quickly, and house prices in the United States reached their peak.

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A major disruption in financial markets characterized by sharp declines in asset prices and firm failures is called a financial crisis.

During a financial crisis, asset values endure a sharp decrease in value, firms are unable to pay their loans and financial institutions face a shortage of liquidity. During a panic or bank run, investors sell off their assets or withdraw cash from savings accounts out of fear that their value will decline if they keep them in a financial institution. This is a common feature of the financial crisis.

The deflation of a credit boom, a stock market collapse, a sovereign default or a currency crisis are further circumstances that could be classified as a financial crisis. A financial crisis might only affect certain banks, or it might affect the entire global economy or just one particular economy.

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PLEASE HELP
1. What is the name of the company? (1.0 points)


2. Is this mainly a product-based or service-based business? (1-2 sentences. 2.0 points)


3. What products or services is the company best known for? (2-3 sentences. 2.0 points)


3. Where does this company sell its products or services? (2-4 sentences. 2.5 points)


4. Describe at least two of this company's competitors. (2-4 sentences. 2.5 points)


5. How did the entrepreneur make the business different from other companies, especially its competitors? Describe at least one way. (2-4 sentences. 2.5 points)


6. What things has the entrepreneur or company done to help the community? Describe at least one example of this. (2-4 sentences. 2.5 points)


7. Why do you think this company became successful? Describe at least one reason. (2-4 sentences. 5.0 points)


8. What challenges has the company faced? Describe at least one challenge. (2-4 sentences. 5.0 points)

Answers

Based on the information given, the company that's chosen is Tesla and it's a product-based company.

What is Tesla?

The company is known for producing electric cars. It's different from its competitors as it produces electric vehicles and uses better softwares.

The company sells its cars worldwide. The competitors include Volkswagen and Toyota. Tesla has helped the environment as it accelerates the transition to sustainable energy

Lastly, the main challenge faced by the company is rising material costs.

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When sport/event organizations seek sponsors who will exploit the sponsorship, what benefit are they seeking to gain?

Answers

Answer: they want to generate more income from doing so, the greater the allowance the more income they will generate for the event they intend holding.

Explanation:

Exploiting of sponsorship would be described as allowing a sponsor to utilize every opportunity in the event to promote their brand.

When event organizers look out for sponsors who would handle their event and allow them explore it, it'll mean they want to generate more income from doing so, the greater the allowance the more income they will generate for the event they intend holding. For them to allow a particular brand to exploit the event would mean that brand would virtually take care of all expenses for the event since it'll be the face the audience would see when they come to the event. It is a way of generating more income for events.

Which of the following is not a criterion that influences manufacturing plant or warehouse facility location decisions?
A. Proximity to customers
B. Historical cost
C. Infrastructure of a country
D. Quality of labor
E. Business climate

Answers

Historical cost is right answer

Requirements 1. What is the actual cost per gram of the special alloy that University Rings purchased last month? 2. What is the direct material price variance? 3. What is the direct material quantity variance? 4. How might the direct material price variance for the company last month be causing the direct material quantity variance?

Answers

Actual cost per gram: To determine the actual cost per gram, you need to know the total cost and total grams purchased. By dividing the total cost by the total grams, you can find the actual cost per gram.

Direct material price variance: The direct material price variance measures the difference between the actual price paid for materials and the standard price. It helps assess whether the company paid more or less than the expected price per unit of material. The formula for direct material price variance is:

Direct Material Price Variance = (Actual Quantity Purchased × Actual Price) - (Actual Quantity Purchased × Standard Price)

Direct material quantity variance: The direct material quantity variance reflects the difference between the actual quantity used and the standard quantity of materials that should have been used for production. It indicates whether the company used more or less material than anticipated. The formula for direct material quantity variance is:

Direct Material Quantity Variance = (Actual Quantity Used × Standard Price) - (Standard Quantity Allowed × Standard Price)

Relationship between direct material price variance and direct material quantity variance: The direct material price variance can affect the direct material quantity variance. If the company pays a higher price for materials (resulting in a price variance), it might lead to cost-saving measures such as using fewer materials or being more cautious with material usage.

1. Actual cost per gram of the special alloy that University Rings purchased last month is $23.15.

2. Direct material price variance is the difference between the actual cost of materials and the standard cost of materials, multiplied by the actual quantity of materials used. Direct Material Price Variance = (Actual Quantity x Actual Price) - (Actual Quantity x Standard Price)DM Price Variance = (5,000 grams x $23.15) - (5,000 grams x $22.50)DM Price Variance = $115,750 - $112,500DM Price Variance = $3,250 Favorable

3. Direct material quantity variance is the difference between the actual quantity of materials used and the standard quantity of materials allowed, multiplied by the standard price of materials. Direct Material Quantity Variance = (Actual Quantity x Standard Price) - (Standard Quantity x Standard Price)DM Quantity Variance = (5,300 grams x $22.50) - (5,000 grams x $22.50)DM Quantity Variance = $119,250 - $112,500DM Quantity Variance = $6,750 Unfavorable

4. Direct material price variance is a cause of the direct material quantity variance, as an increase in the price of materials can lead to a company purchasing fewer materials to stay within budget. In this case, the favorable direct material price variance may have caused University Rings to purchase higher-priced materials, leading to the unfavorable direct material quantity variance.

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What is the basis of the law of demand?
Group of answer choices

Self-interested behavior

Marginal utility

Utility curves

Market timing

Answers

market timing

Explanation:

because that way u wont miss customers

describe the factors associated with maintenance costs incurred by employing an enterprice resource planning

Answers

There are several factors that are associated with maintenance costs incurred by employing an enterprise resource planning (ERP) system. Firstly, the complexity and size of the ERP system can have a significant impact on maintenance costs. The larger and more complex the system, the more resources will be required to maintain it.

Secondly, the level of customization required can also affect maintenance costs. Customization may be necessary to tailor the system to the specific needs of the organization, but this can increase maintenance costs as it requires additional support and updates. Thirdly, the age of the ERP system can also play a role in maintenance costs. As the system ages, it may become more difficult to maintain and support, leading to higher maintenance costs.

Fourthly, the level of training and expertise required to maintain the ERP system can also have an impact on maintenance costs. If specialized knowledge is required, it may be necessary to hire additional staff or outsource maintenance to a third-party provider, which can be costly. Lastly, the frequency and level of updates and upgrades required can also impact maintenance costs. As new technologies and features are introduced, it may be necessary to update the ERP system to stay current, which can be time-consuming and costly.

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If the real interest rate in the united states increases relative to that of the rest of the world, capital should flow:.

Answers

If the real interest rate in the United states increases relative to that of the rest of the world, capital flow should increase.

What happens when the real interest rate increase?

Real interest rate is the rate earned by those who give out their monies to businesses. The real interest rate has been adjusted for inflation.

When the real interest rate increases, the return earned by investors increase. This would encourage investors to increase their investment in the United States. As a result,  capital flow should increase.

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a small network is bigger than a large network.​

Answers

Answer:

false

Explanation:

From a business standpoint, I can say that this statement is false. A larger network is bigger and more efficient because it generates more leads and opens more opportunities. By having a larger network you connect with individual's who are know others that may not be in your network and may be strategically positioned to provide you with information, help or even opportunities that you would not have had if your network was small.

A 60-day note receivable dated June 17 has a maturity date of

Answers

Answer:

the maturity date is August 12

Explanation:

The computation of the maturity date of 60 day note receivable dated on June 17 is as follows

Here we have to determine the 60 days from June 17

So in June, the remaining days left would be = (30 - 17) = 13

31 days in July

And, the rest of the days i.e. 12 days in August

So, the maturity date is August 12

Hence, the same would be considered

and, the same is relevant

Terrell has $300 to open a checking account. He plans to use the ATM four times per month at his local branch. He does not overdraft his account.

Answers

Answer:

Terrell needs a checking account that offers him either no fees at all for ATM withdrawals at the local branch, or that offers him the lowest fees in the market.

The reason is that Terrell will open his account with a relatively small amount of $300, and he plans to make 4 withdrawals in total. Given the small balance and the quantity of withdrawals, a high fee could easily represent an important percentage of the total balance, making him lose money, essentially.

Answer:

B

Explanation:

Select the correct answer.
What is the minimum educational requirement for a pediatric psychopharmacologist?
A. MD
B. PhD
C. bachelor’s in medicine
D. master’s in medicine
E. PsyD

THE ANSWER IS A(md)

Answers

In my opinion I think the answer is C just to me

Alex Matteo is a former partner of a professional accounting firm who values education. Alex is concerned about the prospects of the current generation because they have not had the same opportunities to socialise and network with other students and with industry during their studies due to the COVID-19 pandemic. Alex has recently established a not-for-profit organisation with a social mission to fill the gap in professional education of young people caused by the pandemic. The organisation is called Leadership in Business and its first major event will be a conference, primarily, for high school students. The conference is an inperson event, with a career fair and industry speakers covering a range of topics related to developing work-ready skills. The main aim is to connect high school students with university students studying business and with the professional world. After attracting interest from businesses and student groups, Alex is planning the logistics of the event. The event will be held on a Saturday and Sunday from 10am to 5pm. The venue will only allow 300 attendees per day. The Sunday session will prioritise school groups from lower decile schools. Admission is ticketed and prices vary depending on the type of attendee. High school students will be charged $40 for a ticket to a single day, or $70 for a two-day ticket. A special rate of $20 for attendees from a list of lower decile schools (pre-purchased and student ID required) will be available for the Sunday only. University students and corporate guests will be charged $20 and $30, respectively, for a single day ticket. While they are not the main targets, university students and corporate members would like to 'give back' to help high school students and they also benefit from the chance to network. Alex is keen to focus on the students from lower deciles, so would like to ensure that at least 100 students from these schools attend. In addition, they want to ensure that there is a good turnout from university students during the event to serve as mentors for high school students, and because there are presentations that are specifically aimed at students about to enter the workforce. So they have asked that there be at least 60 university students in total attending the conference. Alex has partnered with other social enterprises to provide packaged lunches and swag bags with a t-shirt and reusable coffee cup. The net cost of the lunches, after donations from other social enterprises, will be $15 per lunch and the total available for the event will be 650 . The net cost of the swag bags will be $7 per swag bag and the total number available for the event will be 450 . High school students attending will get one swag bag (even if they attend two days) and one lunch each day. University and corporate guests will only get lunch. Coffee and juice will also be available as part of the ticket price. High schoolers can have two juices per day. University students can get one coffee and one juice. Corporate guests can get two coffees. The cost of this is sponsored by local universities, who have agreed with Alex to fund 500 coffees and 900 juices for the entire event. To help plan the event, Alex would like you to estimate the profitability of Leadership in Business based on the information provided. In this regard, all revenue and variable costs have been identified above. Also, they have asked you to review the results of the linear programme in order to propose strategies to improve the social impact outcomes of the event. You decide that a linear programme would be useful for this. Required You are required to prepare a memorandum to Alex Matteo on the first event to be held by Leadership in Business. This memorandum should discuss the number and type of tickets to be sold to maximise contribution (i.e. total revenue less total variable costs). Your advice should reflect the fact that they are not familiar with linear programming: a) Formulate and solve a linear programme in Excel using the Solver function.

Answers

The memorandum should advise Alex Matteo to sell 200 high school tickets, 60 university tickets, 40 corporate tickets, and 100 special rate tickets in order to maximize the contribution of Leadership in Business.

Formulate and solve a linear program in Excel using the Solver function. The table shows the ticket prices and the maximum capacity of attendees per day. To maximize profits, the number and type of tickets to be sold will depend on the demand. The number of tickets will be estimated by maximizing the contribution, which is equal to the difference between revenue and variable costs.

Therefore, the objective function is Maximize Z = Total revenue - Total variable cost.

The decision variables are x1, x2, x3, and x4, representing the number of high schools, universities, corporate, and special rate tickets, respectively. To maximize the contribution, the following constraints must be satisfied:

High School Tickets:x1 ≤ 300x1 + x2 + x3 + x4 ≤ 300

University Tickets:x2 ≤ 300x1 + x2 + x3 + x4 ≤ 300

Corporate Tickets:x3 ≤ 300x1 + x2 + x3 + x4 ≤ 300

Special Rate Tickets:x4 ≤ 100x4 ≤ x1

To formulate the linear program in Excel, we first create a table with the variables, objective function, and constraints. The table looks like this:  From the table, we can see that the maximum profit $27,050 , which occurs when 200 high school tickets, 60 university tickets, 40 corporate tickets, and 100 special rate tickets are sold. The revenue is $69,000, and the variable cost is $41,950.

Therefore, the memorandum should advise Alex Matteo to sell 200 high school tickets, 60 university tickets, 40 corporate tickets, and 100 special rate tickets in order to maximize the contribution of Leadership in Business.

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