True.
Denormalization is the process of intentionally introducing redundancy into a database design by combining or duplicating data across tables. It is done to improve the performance of database operations, such as querying and retrieving data. By denormalizing portions of the database design, you can reduce the need for complex joins and increase the efficiency of data retrieval.
However, it's important to note that denormalization should be used judiciously and with consideration for the specific performance requirements and trade-offs involved. It can introduce data redundancy and potential update anomalies, so careful analysis and planning are necessary to strike a balance between performance optimization and maintaining data integrity.
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Mineral-rich Democratic Republic of the Congo is one of the world's most important sources of uranium. It also is a source of copper, tin, diamonds (mainly industrial), gold, cobalt, and zinc. Agricultural products include palm oil and kernels, cottonseed, rubber, cotton, coffee, peanuts, sweet potatoes and yams, and cassava. How many cotton products does Democratic Republic of the Congo produce
Answer: Two
Explanation:
According to the paragraph above, the DRC produces both cotton and cottonseed. Both of these are cotton products. First the cotton that surrounds the seed is removed by the process of ginning and then processed for clothing.
Then the cottonseed can also be processed to extract the oil contained in it. This oil can be used to make candles, cosmetics and insecticide. After the oil is extracted, the seed can then be used to feed livestock.
can anybody help me please i will mark brainlyest
what was he effect of Amazon on the local economy in the 2010's
. How did technology help this company gain dominance?
Positive Effects of Amazon on the local economy in the 2010s are Job Creation, Economic Growth, Innovation, and Technological advancement. Negative Effects are Disruption of Traditional Retail, Labor and Working Conditions, etc.
Amazon's impact on the local economy in the 2010s can be described as significant and transformative. The company's rapid growth and expansion had both positive and negative effects on various aspects of the local economy.
Positive Effects:
Job Creation: Amazon created a substantial number of jobs, both directly within its fulfillment centers, customer service centers, and corporate offices, and indirectly through its network of third-party sellers and delivery partners. This contributed to employment opportunities and economic growth in the regions where Amazon established its operations.
Economic Growth: Amazon's presence stimulated economic activity in the form of increased consumer spending, business-to-business transactions, and investments in infrastructure. Local businesses benefitted from increased sales through Amazon's marketplace platform.
Innovation and Technological Advancements: Amazon's emphasis on technology and innovation influenced the local economy by fostering a culture of entrepreneurship and driving advancements in logistics, e-commerce, cloud computing, and artificial intelligence. This created opportunities for tech startups and contributed to the overall technological development of the region.
Negative Effects:
Disruption of Traditional Retail: The rise of Amazon posed a challenge to brick-and-mortar retailers, particularly small businesses. Many local retailers struggled to compete with Amazon's vast product selection, competitive pricing, and convenient online shopping experience, leading to closures and job losses in the retail sector.
Labor and Working Conditions: Amazon faced criticism for its labor practices and working conditions in its fulfillment centers. Concerns were raised about long hours, high productivity expectations, and inadequate worker benefits, which sparked debates about worker rights and labor regulations.
Impact on Local Businesses: While some local businesses thrived by leveraging Amazon's platform for sales and distribution, others faced difficulties in competing with the company's scale and resources. Small retailers and independent sellers sometimes found it challenging to differentiate themselves and maintain profitability in the face of intense competition.
Technology played a pivotal role in Amazon's dominance. The company leveraged technology in several ways:
E-commerce Platform: Amazon's user-friendly website and robust e-commerce infrastructure provided customers with a seamless online shopping experience, allowing them to easily browse and purchase a wide range of products.
Logistics and Supply Chain Management: Amazon's use of technology in logistics and supply chain management enabled efficient inventory management, fast order fulfillment, and reliable delivery services. This gave Amazon a competitive edge in terms of speed and reliability.
Data Analytics: Amazon leveraged customer data and advanced analytics to personalize product recommendations, optimize pricing strategies, and enhance the overall customer experience. This data-driven approach allowed Amazon to continuously improve its offerings and increase customer satisfaction.
Cloud Computing: Amazon Web Services (AWS), the company's cloud computing platform, provided a reliable and scalable infrastructure that supported its own operations and offered cloud services to businesses worldwide. AWS became a significant revenue generator for Amazon, contributing to its growth and dominance.
Overall, Amazon's use of technology helped it gain dominance by offering convenience, selection, and competitive pricing to customers, while continuously innovating and optimizing its operations based on data and advanced technologies.
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What is the last step in the home buying process quizlet?
The loan and home closing is the last step in the home buying process.
Close the sale :
At closing, you will sign all of the paperwork required to complete the purchase, including your loan documents. It typically takes a couple of days for your loan to be funded after the paperwork is returned to the lender. Once the check is delivered to the seller, you are ready to move into your new home.
Some of the steps involved in buying new home :
Step 1: Start Your Research Early
As soon as you can, start reading Web sites, newspapers, and magazines that have real estate listings. Make a note of particular homes you are interested in and see how long they stay on the market. Also, note any changes in asking prices. This will give you a sense of the housing trends in specific areas.
Step 2: Determine How Much House You Can Afford
Lenders generally recommend that people look for homes that cost no more than three to five times their annual household income if the home buyers plan to make a 20% down payment and have a moderate amount of other debt.
Step 3: Get Prequalified and Preapproved for credit for Your Mortgage
Before you start looking for a home, you will need to know how much you can actually spend. The best way to do that is to get prequalified for a mortgage.
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Use this completely fictitious S-D table to answer the questions: Demand for apples Price per pound $0.50 7,500 6,500 $1 5,500 $1.50 4,500 $2 3,500 $2.50 2,500 $3 1,500 $3.50 Supply of apples 1,000 1,
The equilibrium price is $2 per pound, the equilibrium quantity is 1,900 pounds, and the total revenue at the equilibrium is $3,800.
To find the equilibrium price and quantity, we need to identify the point where the quantity demanded equals the quantity supplied. In other words, it's where the demand and supply curves intersect.
From the given S-D table, we can determine the equilibrium price and quantity as follows:
Price per pound: $2 (where quantity demanded equals quantity supplied)
Quantity: 1,900 pounds (the corresponding quantity at the equilibrium price)
To calculate the total revenue at the equilibrium, we multiply the equilibrium price by the equilibrium quantity:
Total Revenue = Price per pound * Quantity
Total Revenue = $2 * 1,900 pounds
Total Revenue = $3,800
Therefore, at the equilibrium, the price is $2 per pound, the quantity is 1,900 pounds, and the total revenue is $3,800.
The complete question must be:
Use this completely fictitious S-D table to answer the questions: Demand for apples Price per pound $0.50 7,500 6,500 $1 5,500 $1.50 4,500 $2 3,500 $2.50 2,500 $3 1,500 $3.50 Supply of apples 1,000 1,300 1,600 1,900 2,200 2,500 2,800 a) Find the equilibrium price and quantity and calculate total revenue at the equilibrium.
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All other things being equal, the profitability is maximized when a company sells inventory with
a. a high gross margin per unit and a high inventory turnover.
b. a high gross margin per unit and a low inventory turnover.
c. a low gross margin per unit and a high inventory turnover.
d. a low gross margin per unit and low inventory turnover.
All other things being equal, the profitability is maximized when a company sells inventory with . a high gross margin per unit and a high inventory turnover. The answer is OPTION A
You may then calculate how many days it takes to sell your goods by multiplying that number by 365. The faster the inventory turnover, the higher the costs that may be contained, increasing a company's profitability.
On the other hand, if inventory turnover is slower, profit gains will be smaller. The company's financial success depends on managing the input, storage, and outflow of inventory effectively. Customers can make orders with confidence, stock levels are maintained at optimal levels, waste is reduced, and sales rise when inventory management is done properly. The answer is OPTION A
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A hungry person orders a pizza. After three slices, his hunger is satiated, and he feels compelled to have another slice in order to avoid wastage. What term does the incident denote?
The term denoted by the scenario that a hungry person get satisfied after having just three slices of the pizza is marginal utility. Economists employ the concept of marginal utility to assess how satisfaction levels influence customer decisions.
The increased satisfaction that a consumer gets from possessing one more unit of an item or service is known as marginal utility. Economists utilize the notion of marginal utility to determine how much of a product people are willing to buy.
A concept known as the law of declining marginal utility has also been recognized by economists. It describes how the initial unit of an item or service has more utility than subsequent units.
Therefore, the term that the incident denote is marginal utility.
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Bourne Incorporated reports a cash balance at the end of the month of $2,445. A comparison of the company's cash records with the monthly bank statement reveals several additional cash transactions: bank service fees ($78), an NSF check from a customer ($280), a customer’s note receivable collected by the bank ($1,100), and interest earned ($28).
Required:
Record the necessary entries to adjust the balance of cash.
Answer and Explanation:
The journal entries required to adjust the balance of cash as follows:
1. Cash Dr $1,128
To Notes receivable $1,100
To Interest revenue $28
(Being the cash is recorded)
Here cash is debited as it increased the assets and credited the notes receivable and interest revenue as it decreased the assets and revenue
2. Service expense Dr $78
Account receivable Dr $280
To cash $358
(being the cash paid is recorded)
here service expense and account receivable is debited as it increased the expenses and assets and credited the cash as it decreased the assets
which situation is an example of skimming?
a) pop-up windows on a computer asking for you pin
b) a retailer scanning your credit card to steal its number
c) bank statements stolen from your garbage
d) a phone call from someone pretending to be a bank employee
Answer:
B.) a retailer scanning your credit card to steal its number
Explanation:
A company manufactures a product that has a design (nominal) target width of 5 inches with tolerances of + .05 inch. The process that produces the product has a mean of 4.995 inches and a standard deviation of 0.01 inch. According to the process capability ratio is the process capable of being within design specifications?
Answer:
a. The process is capable of meeting design specifications because the index is greater than 1
Explanation:
Missing word "a. the index is greater than 1.0, b. the process is not capable of meeting design specifications because the index is less than 1.0, c. the process is capable of meeting design specifications because the index is twice the process capability ratio, d. none of the above"
Process capability ratio (Cp) = (USL - LSL) / 6σ
- USL = 5+0.05= 5.05
- LSL = 5 - 0.05 = 4.95
- Standard deviation σ = 0.01
Process capability ratio (Cp) = 5.05 - 4.95 / 6*0.01
Process capability ratio (Cp) = 0.1 / 0.06
Process capability ratio (Cp) = 1.666666666666667
Process capability ratio (Cp) = 1.67
Process capability ratio Cp > 1. So, the Process is capable of meeting design specification.
Baxter is looking over his monthly budget. Specifically, he's considering the direct deposits that came through this week from his job with a biotech company and from the tenant who rents a small condo that he owns. What kind of money is Baxter reviewing?
A. income
B. inflation
C. personal risk
D. opportunity cost
Answer:
A, "Income"
Explanation:
Gradpoint
netjets is a company that offers one-sixteenth or more ownership in a jet plane for a price beginning at $325,000. it gives purchasers privacy, convenience, and flexibility as well as saves them time since the plane is available within four hours unless it's booked by one of the other shareholders. this is most likely an example of
NetJets offers fractional jet ownership starting at $325,000, providing privacy, convenience, and flexibility to shareholders.
NetJets is a company that provides fractional jet ownership, allowing individuals to purchase a portion of a private jet for a price starting at $325,000.
This ownership model provides a range of benefits, including privacy, convenience, and flexibility, as well as saving time for shareholders by providing access to the plane within four hours, subject to availability.
The fractional ownership model is a type of shared ownership where multiple individuals own a single asset, in this case, a private jet. NetJets manages the ownership structure, operations, and maintenance of the fleet, ensuring that shareholders can enjoy a hassle-free experience.
The company provides a range of benefits, including personalized in-flight experiences, access to a fleet of over 750 aircraft, and the ability to customize travel schedules.
The fractional ownership model has become increasingly popular in recent years, particularly among high-net-worth individuals who value the convenience, privacy, and flexibility that owning a private jet can provide.
NetJets has positioned itself as a leader in this space, offering a range of ownership options and services designed to meet the needs of its customers.
Overall, NetJets is an excellent example of a company that has successfully tapped into the growing demand for fractional ownership models, providing individuals with a unique and luxurious travel experience that is tailored to their specific needs and preferences.
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Why wouldn't producers necessarily want to produce output at the lowest average cost? Under what conditions would they end up doing so?
Producers would want to produce output at the lowest average cost to maximize profits, but there may be some situations where they may not be able to do so.
One reason why producers may not want to produce output at the lowest average cost is if the demand for the product is low. In this case, producing at the lowest average cost may result in excess inventory or even losses if the price of the product is lower than the cost of production.
Another reason is that the cost of production may not be the only factor that determines how much output producers produce. Other factors, such as market competition, regulatory environment, and access to capital, can also influence the producer's production decisions. For example, a producer may choose to produce more output even if it is not at the lowest average cost to gain market share or maintain a competitive edge in the market.
However, under certain conditions, producers may end up producing output at the lowest average cost. This can occur in a perfectly competitive market where there are many producers selling identical products and there are no barriers to entry or exit. In this situation, producers have no market power, and the market price is determined by the intersection of supply and demand. Therefore, producers must produce at the lowest average cost to remain competitive and earn a profit.
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Jake Olsen has decided to put $1,000 in the bank. List several questions Jake might want to ask before ch whether to put the money in a checking or a savings account.
Answer:
look at my comment
Explanation:
Which should be done when interpreting employee engagement and satisfaction survey results?
When interpreting employee engagement and satisfaction survey results, several key steps should be taken:1. Analyze the data: Thoroughly examine the survey results, identifying patterns, trends, and areas of strength or concern.
2. Compare benchmarks: Compare the survey results to industry benchmarks or previous survey data to gain insights into the organization's performance relative to others or over time.3. Consider qualitative feedback: Take into account qualitative feedback from open-ended survey questions or additional comments to gain a deeper understanding of employees' experiences and perceptions.4. Segment the data: Analyze survey results by demographics, departments, or other relevant variables to identify any variations or specific areas of improvement tailored to different groups within the organization.
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1. Compute profit margin for each region. 2. The company asks us which region it should focus on if it wishes to get the largest net income from each dollar of sales. If we use profit margin to guide our recommendation, which region do we suggest? 3. Compute return on total assets for each region. 4. The company asks us which region it should focus on if it wishes to get the largest net income from each dollar of assets invested. If we use return on total assets to make our decision, which region do we recommend?
1. Compute profit margin for each region.
2. Recommend the region with the highest profit margin for the largest net income from each dollar of sales.
3. Compute return on total assets for each region.
4. Recommend the region with the highest return on total assets for the largest net income from each dollar of assets invested.
1. To compute the profit margin for each region, you need to divide the net income by the total sales for each region and express it as a percentage. The formula for profit margin is (Net Income / Total Sales) x 100. Calculate this for each region separately to determine the profit margin.
2. If the company wants to focus on the region that generates the largest net income from each dollar of sales, it should consider the region with the highest profit margin. Compare the profit margins of each region and recommend the region with the highest percentage as the one to focus on.
3. To compute the return on total assets for each region, divide the net income by the total assets for each region and express it as a percentage. The formula for return on total assets is (Net Income / Total Assets) x 100. Calculate this for each region separately to determine the return on total assets.
4. If the company wants to focus on the region that generates the largest net income from each dollar of assets invested, it should consider the region with the highest return on total assets. Compare the return on total assets of each region and recommend the region with the highest percentage as the one to focus on.
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if a $300,000 investment has a project probability
index of 0.25, what is the net present value of the
project
NPV = ($100,000 / (1 + 0.10)¹) + ($100,000 / (1 + 0.10)²) + ... + ($100,000 / (1 + 0.10)⁵). A positive NPV indicates that the project is expected to generate returns higher than the required rate of return (discount rate) and is therefore financially viable. Conversely, a negative NPV suggests that the project may not be profitable and should be reconsidered.
The net present value (NPV) of a project is a financial indicator that measures the profitability and value of an investment by calculating the present value of future cash flows generated by the project. It helps determine whether the project is expected to generate positive or negative returns.
To calculate the NPV, we need to discount the future cash flows of the project to their present value using an appropriate discount rate. The discount rate represents the opportunity cost of investing in the project, i.e., the rate of return required to justify the investment.
In this case, we are given a $300,000 investment with a project probability index of 0.25. The project probability index refers to the likelihood or probability of the project's success or positive outcome. Assuming that the project is successful, we can calculate the expected cash flows and discount them to their present value.
Let's assume the expected cash flows for the project are $100,000 per year for five years. We also need to determine an appropriate discount rate based on the project's risk and opportunity cost. Let's assume a discount rate of 10%.
To calculate the NPV, we discount each year's cash flow and sum them up:
NPV = (Cash Flow Year 1 / (1 + Discount Rate)¹) + (Cash Flow Year 2 / (1 + Discount Rate)²) + ... + (Cash Flow Year 5 / (1 + Discount Rate)⁵)
NPV = ($100,000 / (1 + 0.10)¹) + ($100,000 / (1 + 0.10)²) + ... + ($100,000 / (1 + 0.10)⁵)
Calculating the present value for each year's cash flow and summing them up will give us the NPV of the project.
It's important to note that the NPV will be positive if the sum of the present values of cash flows exceeds the initial investment of $300,000. A positive NPV indicates that the project is expected to generate returns higher than the required rate of return (discount rate) and is therefore financially viable. Conversely, a negative NPV suggests that the project may not be profitable and should be reconsidered.
In conclusion, the net present value (NPV) of a project provides a comprehensive assessment of its financial viability by considering the timing and magnitude of expected cash flows in relation to the initial investment. It helps investors and decision-makers evaluate the potential returns and make informed investment decisions.
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in business, error equals inefficiency and loss of resources. group of answer choices false pdf
The given statement "In business, error equals inefficiency and loss of resources" is true because errors in business processes can lead to inefficiencies and result in the loss of valuable resources.
Errors can cause delays, rework, and increased costs, reducing productivity and hindering smooth operations. They can also lead to poor quality products or services, damaging a company's reputation and customer satisfaction.
Additionally, errors can result in financial losses due to wasted materials, missed opportunities, or legal issues. Therefore, businesses strive to minimize errors through quality control measures, process improvements, employee training, and effective risk management strategies.
Errors in business can lead to inefficiencies, which impede productivity and incur additional costs. Mistakes in processes can cause delays, rework, and disruptions, ultimately resulting in the inefficient utilization of resources. In addition, errors can lead to poor quality products or services, affecting customer satisfaction and damaging the company's reputation. Such setbacks can lead to financial losses and missed opportunities.
To prevent errors, businesses implement quality control measures, invest in employee training, streamline processes, and employ effective risk management strategies. Minimizing errors is crucial for maintaining operational efficiency, maximizing resource utilization, and ensuring business success.
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What components of GDP (if any) would each of the following transactions affect? Explain.
a. Uncle Henry buys a new refrigerator from a domestic manufacturer.
b. Aunt Jane buys a new house from a local builder. C. The Jackson family buys an old Victorian house from the Walker family.
d. You pay a hairdresser for a haircut.
e. Ford sells a Mustang from its inventory to the Martinez family.
f. Ford manufactures a Focus and sells it to Avis, the car rental company.
g. California hires workers to repave Highway 101.
h. The federal government sends your grandmother a Social Security check.
i. Your parents buy a bottle of French wine.
j. Honda expands its factory in Ohio
The components of GDP, or Gross Domestic Product, are consumption (C), investment (I), government spending (G), and net exports (NX).
Let's analyze each transaction and determine how they would affect these components:
a. Uncle Henry buys a new refrigerator from a domestic manufacturer.
- This transaction would affect the consumption component (C) of GDP. It represents personal consumption expenditure because Uncle Henry is purchasing a durable good, which is a type of consumer spending.
b. Aunt Jane buys a new house from a local builder.
- This transaction would also affect the consumption component (C) of GDP. However, it would be counted as an investment (I) rather than personal consumption expenditure because buying a house is considered a long-term investment.
c. The Jackson family buys an old Victorian house from the Walker family.
- This transaction does not directly affect GDP. The purchase of existing homes is not included in GDP calculations because it doesn't create new production.
d. You pay a hairdresser for a haircut.
- This transaction would affect the consumption component (C) of GDP. It represents personal consumption expenditure because you are paying for a service.
e. Ford sells a Mustang from its inventory to the Martinez family.
- This transaction would affect the consumption component (C) of GDP. It represents personal consumption expenditure as the Martinez family is purchasing a durable good.
f. Ford manufactures a Focus and sells it to Avis, the car rental company.
- This transaction would affect the investment component (I) of GDP. It represents business investment as Avis is purchasing a vehicle for their rental fleet.
g. California hires workers to repave Highway 101.
- This transaction would affect the government spending component (G) of GDP. It represents government expenditure on infrastructure.
h. The federal government sends your grandmother a Social Security check.
- This transaction would also affect the government spending component (G) of GDP. It represents government transfer payments, which are not included in GDP calculations as they do not reflect current production.
i. Your parents buy a bottle of French wine.
- This transaction would affect the consumption component (C) of GDP. It represents personal consumption expenditure as your parents are purchasing a consumer good.
j. Honda expands its factory in Ohio.
- This transaction would affect the investment component (I) of GDP. It represents business investment as Honda is investing in expanding their production capacity.
To summarize:
- Transactions a, d, e, and i affect the consumption component (C) of GDP.
- Transactions b and j affect the investment component (I) of GDP.
- Transaction g affects the government spending component (G) of GDP.
- Transactions c and h do not directly affect GDP.
Note: GDP calculations can be more complex in reality, but for the purpose of this explanation, we are focusing on the main components affected by the given transactions.
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Eliza Conner owns a small clothing boutique. Eliza uses her personal checking account for both business and personal needs. How would you convince Eliza that she should open a separate
bank account for her business?
Answer:
1. It will cause them confusion throughout the tax calculating process.
2. Using a single account will make it difficult to keep payroll records.
3. Keep track of your personal expenses and earnings.
Explanation:
1. It is preferable to establish a separate account to separate the firm's actual income and expenses.
2. Payroll expenses are indistinguishable from personal expenses.
3. This allows you to cross-check bank and hand-made documents for income and expenses. Because cash transactions may not be recorded in the bank account, the entrepreneur should preserve receipts in order to compute revenue and expenses, which may result in erroneous financial statements.
The Cutting Department of Groneman Manufacturing has the following production and cost data for July.
Production
Costs
1. Transferred out 9,000 units. Beginning work in process $ -0-
2. Started 3,000 units that are 60% complete as Materials 45,000
to conversion costs and 100% complete as Labor 16,200
to materials at July 31. Manufacturing overhead 18,900
Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process.
Determine the equivalent units of production for (1) materials and (2) conversion costs.
Compute unit costs and prepare a cost reconciliation schedule. (Round unit costs to 2 decimal places, e.g. 10.50. Use rounded amounts for future calculations. Round other answers to 0 decimal places, e.g. 125.)
The Cost reconciliation schedule: Beginning work in process $ -0-, Costs added during the period, Materials $45,000, Conversion costs $35,100 and Total costs to account for $80,100
To determine the equivalent units of production for materials and conversion costs, as well as compute unit costs and prepare a cost reconciliation schedule, we need to analyze the given data. Let's break down the calculations step by step:
Step 1: Equivalent Units of Production for Materials
The equivalent units of production for materials represent the number of units in process multiplied by the percentage of completion for materials.
Units transferred out: 9,000
Units in ending work in process: 3,000 (100% complete for materials)
Equivalent units of production for materials = Units transferred out + Units in ending work in process
= 9,000 + 3,000
= 12,000 units
Step 2: Equivalent Units of Production for Conversion Costs
The equivalent units of production for conversion costs are calculated similarly to the materials.
Units transferred out: 9,000
Units in ending work in process: 3,000 (60% complete for conversion costs)
Equivalent units of production for conversion costs = Units transferred out + Units in ending work in process
= 9,000 + (3,000 * 60%)
= 9,000 + 1,800
= 10,800 units
Step 3: Compute Unit Costs
To compute unit costs, we divide the total cost for each category by their respective equivalent units of production.
Total costs:
Materials: $45,000
Conversion costs: $16,200 + $18,900 = $35,100
Unit cost for materials = Total materials cost / Equivalent units of production for materials
= $45,000 / 12,000 units
= $3.75 per unit
Unit cost for conversion costs = Total conversion costs / Equivalent units of production for conversion costs
= $35,100 / 10,800 units
= $3.25 per unit
Step 4: Prepare a Cost Reconciliation Schedule
A cost reconciliation schedule summarizes the total costs incurred and explains the disposition of those costs.
Costs:
Beginning work in process: $0
Costs added during the period: $45,000 (materials) + $16,200 (labor) + $18,900 (overhead) = $80,100
Costs accounted for:
Transferred out: $3.75 per unit * 9,000 units = $33,750 (materials)
Ending work in process: $3.75 per unit * 3,000 units = $11,250 (materials)
$3.25 per unit * 10,800 units = $35,100 (conversion costs)
Total costs accounted for = Transferred out + Ending work in process
= $33,750 + $11,250 (materials)
= $45,000 (materials)
Cost reconciliation:
Beginning work in process $ -0-Costs added during the period:Materials $45,000Conversion costs $35,100Total costs to account for $80,100Costs accounted for:
Transferred out $33,750 (materials)Ending work in process:Materials $11,250Conversion costs $35,100Total costs accounted for $80,100For such more question on reconciliation:
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Disadvantages of choosing a job that is extremely popular or in demand
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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importance of general vocational skill in successful business or institution
Explanation:
Vocational Skills education is important because its equips people with the practical skills necessary to begin or enhance a career.
For careers like Medical Assistant, Cosmetologist, and Auto Mechanic, vocational training is a way to get started down the pathway to a career. It takes less time than a traditional college, therefore it is a good choice for people who need to begin using these skills sooner.
In some other careers, like engineering and IT, high level technicians need specialized training. This is often done in addition to traditional education. This is where vocational training plays a role in the lives of those who may have already gone to a four year college.
Vocational training is a great way to change your career as well, as you do not have to commit to spending as much time as required by a traditional college to gain new skills.
TrainUp. com is a great resource to find career training classes for those looking to expand on their skills in the Human Resources, Information Technology, Business Management, Industrial, Finance, and Legal fields. Their training network includes more than 300,000 instructor-led training events and 7,000+ online courses!
In order for money to work properly, individuals and businesses in a country
must be willing to receive it as payment for goods and services. This is an
element of which characteristic of money?
O A. Uniformity
B. Limited supply
C. Divisibility
D. Acceptability
Answer:
D
Explanation:
acceptability -this is because it needs to be accepted by the people before it can be used
TRUE OR FALSE?
1. While it seems odd, Rothbard contends that we buy money with goods and services.
2. Even if we get paid more frequently, as long as our income is unchanged we will still
demand the same amount of money.
3. Improvements in the clearing system for checks will decrease the demand for money.
4. It is generally easy to predict when expectations change from deflation to inflation as we
move from Mises’ Phase I to Phase II.
1. TRUE. According to Rothbard's theory of money, money is a commodity that is bought and sold just like any other good or service.2. TRUE. The demand for money is based on the value we place on it relative to other goods and services, and is not directly tied to how frequently we receive our income.3. TRUE. A more efficient clearing system for checks can reduce the need for holding onto physical cash, which in turn reduces the demand for money.4. FALSE. Predicting changes in expectations regarding inflation and deflation can be difficult, and there is no set timeline or clear delineation between Mises' Phase I and Phase II.
According to Rothbard's theory of money, the act of purchasing goods and services with money is essentially a trade where individuals exchange one commodity (money) for another (goods and services). This perspective challenges the conventional notion that money is simply a medium of exchange, emphasizing that money itself holds value and is subject to market dynamics.The demand for money is not solely determined by the frequency of income payments. While more frequent payments may affect the timing of cash inflows, the overall demand for money is influenced by various factors such as income level, spending habits, and individual preferences. Even if the frequency of income increases, if the total income remains the same, the demand for money may not necessarily change significantly.Improvements in the clearing system for checks, such as electronic processing, can streamline transactions and reduce the need for physical cash. As the efficiency of non-cash payment methods improves, individuals and businesses may rely less on physical money, leading to a decreased demand for money.Anticipating shifts in expectations from deflation to inflation or vice versa is a challenging task. The factors influencing expectations are multifaceted and include economic indicators, policy decisions, market sentiment, and unforeseen events. Therefore, it is difficult to predict with certainty when expectations will change and transition between different phases, as defined by Mises or any other framework.Learn more about Money: https://brainly.com/question/29498634
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w How does a training change a traditional profession into a modem profession? Discuss in the class.
Answer:
when one gains training he/she likes to do some works which gains much profit .he /she leaves the works which they worked for first time.
During the current year, Sokowski Manufacturing earned income of $316,910 from total sales of $4,730,000 and average capital assets of $11,000,000. A. Based on this information, calculate asset turnover. If required, round your answer to two decimal places. Fill in the blank 1 times B. Assume sales margin is 6. 7%, what is the total ROI for the company during the current year
Charles names several programs and philosophies that are integral to the past success of rosalie’s restaurants. All of these factors go into forming the market orientation of rosalie’s. What doesn’t fall in the concept of market orientation?.
Marketing mix doesn't fall in the concept of market orientation.
What is market orientation?Market orientation is the process of identifying consumer needs and desires in order to define new products that will be created. Well-known businesses like Amazon and Coca-Cola use market orientation concepts to improve or expand their products and services.
For instance, a vehicle manufacturer that adheres to market orientation will research consumer demands and desires before creating models that are meant to mimic the trends of other manufacturers.
Thus, it is marketing mix.
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Improving quality can increase firm value because a.firms can increase costs. b.firms can increase activities. c.firms can increase customer demand. d.All of these choices are correct.
Improving quality can increase firm value because firms can increase costs, firms can increase activities, and firms can increase customer demand.
How does the firm's worth increase when quality improves?The value of the firm increases as the quality of the firm increases, as the quality of the firm increased, the customers demand more of the goods of the firm because there is the increment in quality of products also.
The value of the firm will automatically increase as the goodwill increased, and the firm will also increase the activities because the goodwill of the firm increased and the demand for the firm's products also increased.
Therefore, option D is correct.
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Improving quality can increase firm values because firms can increase customer demand.
What do you mean by quality?Quality refers to the standard of something that is measured against other things.
A quality improvement can increase firm value because firms can increase customer demand.
Therefore, c is the correct option.
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Graffiti Advertising, Inc. , reported the following financial statements for the last two years. (Enter your answer as directed, but do not round intermediate calculations. )
2014 Income Statement
Sales $ 573,700
Costs of goods sold 273,940
Selling & administrative 124,716
Depreciation 54,559
EBIT $ 120,485
Interest 19,670
EBT $ 100,815
Taxes 40,326
Net income $ 60,489
Dividends $ 11,300
Addition to retained earnings $ 49,189
GRAFFITI ADVERTISING, INC.
Balance Sheet as of December 31, 2013
Cash $ 13,490 Accounts payable $ 9,487
Accounts receivable 18,977 Notes payable 14,491
Inventory 13,811 Current liabilities $ 23,978
Current assets $ 46,278 Long-term debt $ 135,440
Net fixed assets $ 344,936 Owner's equity $ 231,796
Total assets $ 391,214 Total liabilities and owners’ equity $ 391,214
GRAFFITI ADVERTISING, INC.
Balance Sheet as of December 31, 2014
Cash $ 14,476 Accounts payable $ 10,529
Accounts receivable 21,082 Notes payable 16,483
Inventory 22,771 Current liabilities $ 27,012
Current assets $ 58,329 Long-term debt $ 153,700
Net fixed assets $ 406,294 Owner's equity $ 283,911
Total assets $ 464,623 Total liabilities and owners’ equity $ 464,623
Requirement 1:
Calculate the operating cash flow.
Operating cash flow $
Requirement 2:
Calculate the change in net working capital.
Change in net working capital $
Requirement 3:
Calculate the net capital spending.
Net capital spending $
Requirement 4:
Calculate the cash flow from assets. (Do not include the dollar sign ($). Negative amount should be indicated by a minus sign. )
Cash flow from assets $
Requirement 5:
Calculate the cash flow to creditors.
Cash flow to creditors $
Requirement 6:
Calculate the cash flow to stockholders. (Negative amount should be indicated by a minus sign. )
Cash flow to stockholders $
We can determine Graffiti Advertising, Inc.'s financial ratios for the years 2013 and 2014 from the financial documents provided:
Requirement 1: Calculate the operating cash flow.
Operating cash flow = EBIT + Depreciation - Taxes
Operating cash flow = $120,485 + $54,559 - $40,326
Operating cash flow = $134,718
Requirement 2: Calculate the change in net working capital.
Change in net working capital = (Current assets - Current liabilities)year 2 - (Current assets - Current liabilities)year 1
Change in net working capital = ($58,329 - $27,012) - ($46,278 - $23,978)
Change in net working capital = $31,317
Requirement 3: Calculate the net capital spending.
Net capital spending = Net fixed assetsyear 2 - Net fixed assetsyear 1 + Depreciation
Net capital spending = $406,294 - $344,936 + $54,559
Net capital spending = $115,917
Requirement 4: Calculate the cash flow from assets.
Cash flow from assets = Operating cash flow - Net capital spending
Cash flow from assets = $134,718 - $115,917
Cash flow from assets = $18,801
Requirement 5: Calculate the cash flow to creditors.
Cash flow to creditors = Interest - Net new borrowing
Cash flow to creditors = $19,670 - ($16,483 - $14,491)
Cash flow to creditors = $17,678
Requirement 6: Calculate the cash flow to stockholders.
Cash flow to stockholders = Dividends - Addition to retained earnings
Cash flow to stockholders = $11,300 - $49,189
Cash flow to stockholders = -$37,889
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