TRUE/FALSE. Opportunity costs are an important consideration for managers when deciding whether to accept special orders.
Answers
TRUE. Opportunity costs are an important consideration for managers when deciding whether to accept special orders.
What's opportunity costOpportunity cost is the cost of any economic activity in terms of the next best alternative that has been foregone. It is an essential concept in economics that is significant in determining the opportunity cost of any choice that we make or decisions that we take.
In economics, opportunity cost is significant for decision making, as every choice, every decision made is said to be associated with opportunity costs. Opportunity cost is an important concept for the managers when deciding whether to accept special orders.
When considering the acceptance of special orders, managers should weigh the potential profits gained from the special order against the cost of the additional resources required to fulfill the order. Managers should always consider the opportunity costs of the next best alternative foregone. Therefore, the given statement is TRUE.
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Related Questions
the motor city miracle playoff game took place on january 8, 2000, when the tennessee titans returned a kickoff for a touchdown with 16 seconds left. what team did the titans beat in that game?
Answers
In January 8, 2000, the Motor City Miracle Playoff game took place that saw the Tennessee Titans play the Buffalo Bills.
The Motor City Miracle Playoff game:
Was played between the Buffalo Bills and the Tennessee Titans Ended in victory for the Titans Saw the Titans win with 16 seconds to goIn this very intriguing game, the Buffalo Bills were well on their way to victory after they scored a field goal with 16 seconds to go. The Titans however, scored a touchdown in those mere seconds to win the game 22 - 16
In conclusion, the Tennessee Titans played the Buffalo Bills.
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3. ______ are defined as goods or services that are required for health and safety.
Answers
Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.
What is the safety of goods?A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.
Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.
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3) What is the present value of $1000, received at the end of 4 years of investment, with a discount rate of 4%?
Answers
Answer:
$854.81
Explanation:
The formula for calculating the present value is as below
PV = FV/( 1 + r)^n
Where Fv =1000
r = 4% or 0.04
n= 6
PV = $1000/ (1 + 4/100)^4
PV=$1000/(1 + 0.04)^4
PV=$1000/1.16985
PV =$854.81
.
Answer:
3629.9
Explanation:
I just did the test and thats what it told me the correct answer was.
true or false: followers who are content with the status quo are most likely to perceive a need for a charismatic leader or be willing to devote great effort to fundamentally change an organization or society.
Answers
False. Followers who are content with the status quo are most likely to perceive a need for a charismatic leader or be willing to devote great effort to fundamentally change an organization or society.
Who is a charismatic leader?The German sociologist Max Weber invented the idea of charismatic authority. It involves a kind of organization or leadership where the leader's charisma confers authority. This contrasts with two other sorts of authority, namely traditional authority and legal authority.
A leader that possesses charismatic leadership is one who has the ability to persuade people by charm, persuasion, and effective communication.
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what is the name for the form of medical practice management under which personal property cannot be attached in litigation?
Answers
The time period you may be relating to is "Professional Corporation" or "Professional Association" (abbreviated as PC or PA). A professional company is a felony shape that lets certified specialists, such as physicians, dentists, and attorneys, function their practices as a separate felony entity.
One of the blessings of a professional employer is that it gives some safety against private legal responsibility for the expert's movements or debts. Generally, the private assets of the man or woman practitioners are protected against being seized to meet the agency's liabilities or judgments as a result of litigation.
However, it's miles important to notice that there are exceptions to this safety, which include cases of private malpractice or other wrongful movements.
It's well worth bringing up that the precise legal guidelines and guidelines governing expert corporations might also range by means of jurisdiction, so it is continually advisable to consult with a prison professional or professional for your unique area to apprehend the particular policies and protections relevant to medical exercise control.
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Flextrola, Inc. , an electronics systems integrator, is planning to sell its next generation product using components sourced from its supplier. Flextrola will integrate the component with some software and then sell it to consumers. Given the short life cycles of such products and the long lead times quoted by its supplier, Flextrola only has one opportunity to place an order prior to the beginning of its "selling season. " Assume that Flextrola’s demand during the season is normally distributed with a mean of 1000 and a standard deviation of 600. (A normal table is provided at the end of this exam for your convenience. )
Solectrics’ production cost for the component is $52 per unit and it plans to sell the component for $72 per unit to Flextrola. Flextrola incurs essentially no cost associated with the software integration and handling of each unit. Flextrola sells these units to consumers for $121 each. Flextrola can sell unsold inventory at the end of the season in a secondary electronics market for $50 each. The existing contract specifies that once Flextrola places the order, no changes are allowed to it. Also, Solectrics does not accept any returns of unsold inventory, so Flextrola must dispose of excess inventory in the secondary market.
Required:
a. What is the probability that Flextrola’s demand will be within 25 percent of its forecast?
b. What is the probability that Flextrola’s demand will be more than 40 percent greater than its forecast?
c. Under this contract, how many units should Flextrola order to maximize its expected profit?
d. What are Flextrola’s expected sales?
e. How many units of inventory can Flextrola expect to sell in the secondary electronics market?
Answers
With a mean of 1000 and a standard deviation of 600, the probability that the demand is going to be withing 25 percent of its forecast is 0.3230.
a. Mean = 1000
sd = 600
p(1000x 1-25%) - p(1000x 1+25%)
using the z test
d-μ/σ
\(p(z < \frac{1250-1000}{600} )-p(z < \frac{-1000}{600} )\\\\(z < 0.4167)-(z < -0.4167)\)
find values using excel sheet formula
NORMSDIST(0.4167) - NORMSDIST(-0.4167)
=m0.6615 - 0.3385
= 0.3230
b. The probability that the forecast would be more than 40 percent1000x 1+40%
= p(D>1400)
= 1- NormDist(0.667)
= 0.225
c. Cu = 121-72 = 49
Co = 72.50 = 22
The critical ratio calculation
49/22 +49 = 0.6901
Normsinv(0.6901) = 0.496
1000+0.496x600
= 1297
The units that Flextrola has to order is 1297.
d. The expected sales of Flextrola1200-1000/600
= 0.3333
loss function from z = 0.333 is 0.254
600x0.254 = 152. 4
1000-152.4 = 847.6
the expected sales are 847.6
e 1200- 847.6
= 352. 4
The units of inventory that can be sold is 352.4
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create a formula with structured references to calculate the number of days on the market.
Answers
When calculating the number of days a property has been on the market using structured references, you can use a formula in Excel. Assuming that the data is organized in a structured table called "Table1" with columns for "Listing Date" and "Sale Date", the formula you would use is:
=DAYS360(Table1[Listing Date],Table1[Sale Date])
This formula utilizes the DAYS360 function in Excel to calculate the number of days between the listing and sale dates.
It assumes that there are 360 days in a year. By using structured references, you can make the formula more dynamic and adaptable to changes in the data, making it easier to analyze and manage large amounts of real estate data.
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True or false? Technology alone will solve most of your client’s problems. As long as you have a basic implementation strategy, you don’t need to worry about building out a detailed plan.
Answers
Answer:
ture
Explanation:
technology is here to solve your problems
Technology alone will solve most of your client’s problems. As long as you have a basic implementation strategy, you don’t need to worry about building out a detailed plan, this statement is true.
What is technology?Technology is the development, application, and knowledge of tools, techniques, skills, systems, or administrative procedures used to address a challenge or further a certain objective. Business Models for the Digital Economy.
The primary goal of technology, which combines tools to promote development, use, and information interchange, is to simplify work and find solutions to many of humanity's issues. We must underline the advantages of technology as it develops and continues to make our lives easier.
Hence, Technology alone will solve most of your client’s problems. As long as you have a basic implementation strategy, you don’t need to worry about creating out a detailed plan.
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Martha needs to acquire funds in order to expand her bakery. She does not want to give up control of her business, but her credit score is weak due to the recent foreclosure on her home. What should martha do to acquire these funds?.
Answers
The correct answer is Option C. In order to acquire funds to expand her bakery Martha can issue bonds to willing investors.
In the question, it is stated that Martha has a bakery and she needs to acquire funds in order to expand her bakery. She can not take loans because of her credit score which is weak due to the recent foreclosure of her home. In order to acquire funds, she can sell bonds to the people who are willing to invest in her bakery.
Bonds are financial entities which is a type of security that the investor holds in a business. This is a type of debt that the issuer owes to the investor in their business.
Hence, Option C is the correct answer
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Complete Question:
Martha needs to acquire funds in order to expand her bakery. She does not want to give up control of her business, but her credit score is weak due to the recent foreclosure of her house. What should Martha do to acquire these funds?
a) Issue stock to willing investors.
b) Borrow money from her local bank.
c) Issue bonds to willing investors.
d) She should do all of the above.
Would you rather be the worst player on the best team or the best player on the worst team?
Answers
Would you rather is a classic thought experiment that poses a dilemma to consider. It requires you to choose between two options, both of which have their own advantages and disadvantages.
In this case, the dilemma is whether you would rather be the worst player on the best team or the best player on the worst team.
Would you rather be the worst player on the best team? In this scenario, you would be surrounded by highly skilled and talented players who would help elevate your game.
You would benefit from their expertise and be able to learn from their success. Additionally, being part of a winning team could bring a sense of pride and accomplishment, even if you personally did not play as well as your teammates.
Would you rather be the best player on the worst team? In this scenario, you would be expected to carry the team on your own. Although you would have the opportunity to showcase your skills and talents, you may not have the support of your teammates, and the team may not perform well as a result.
This could lead to frustration and disappointment, even if you individually had a successful season.
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how Balanced Scorecard and the Economic Value Added compare these two systems to corporate and divisional performance measurement
Answers
Balanced scorecard and the economic value added are compared to the two systems to corporate and divisional performance measurement which is a metric.
A balanced scorecard is considered to be a strategic management performance metric which tends to help companies in order to identify and improve their internal operations to help their external outcomes. Thus, it also measures past performance data.
However, this tends to provide the organizations with feedback on how to make better decisions in the upcoming future. Thus, this is later on compared to the corporate and divisional performance measurement.
Hence, the balanced scorecard is referred as a management system.
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Balanced Scorecard and the Economic Value Added (EVA) compare these two systems to corporate and divisional performance measurement is a metric
Some companies may benefit more from a mix of the three measures than from just one measure. The performance measuring system can be used in any of a variety of combinations, although using many measurements raises the complexity and expense of the system. Additionally, when several initiatives are put into place within the same organization, internal managerial conflicts may arise. Therefore, while evaluating various measures, businesses should make sure that the marginal advantages outweigh the expenses of setting up and maintaining the measuring system.
A company may track equities in addition to using a balanced scorecard. The balanced scorecard may be used to assess the performance of the entire company, and stock tracking would be used as a financial metric. The company might also divide using tracking stocks, with separate balanced scorecards kept for each monitoring stock. Where a market-determined measure is essential and where additional detail levels are required over what is provided by a market measure should be taken into account. A business with numerous interconnected activities may find that the balanced scorecard best suits its needs. A separate balanced scorecard might be created for each of the unconnected businesses of a conglomerate by using tracking stocks to segregate the firm's operations. EVA and tracking stocks could both be included in a performance metric by management. The most likely scenario would be one in which a firm is divided into segments using tracking stocks, and the internal operations of each tracked segment are assessed using an EVA measuring system.A performance metric can also be produced by combining EVA and balanced scorecards. Remember that financial performance metrics are included in balanced scorecards, therefore an organization may utilize EVA as one of those metrics. Even though the two performance indicators can coexist, keep in mind that balanced scorecards have a functional perspective and EVA has a project perspective. Using a matrix of performance metrics that evaluates the firm's performance along various dimensions can present challenges.
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Most licensed architects are members of which association? A. ACSA B. AIA C. NAAB D. NCARB E. NVOB
Answers
Answer: It is B. AlA
Explanation:ALA is open to all architects and professions related to architecture. Our members hold individual memberships and specialize in all types of architecture.
Identify four (4) different types of security that trade on the ""stock market"" and provide a short description of each that clearly explains their differences. Which one(s) would you personally prefer NOT to trade and why?
Answers
The four different types of security that trade on the stock market are common stock, preferred stock, bonds, and options.
Below is a short description of each security and their differences:1. Common stock: It is a type of security that represents ownership in a corporation. Investors who own common stocks can exercise voting rights in corporate elections and receive dividends based on the company's profits.2. Preferred stock: It is a type of security that represents ownership in a corporation but does not provide voting rights. Preferred stockholders receive dividends before common stockholders and are given priority in case the company goes bankrupt.
3. Bonds: It is a type of security that represents a loan made to a company or government. The bondholder receives interest on their investment and is paid back their principal when the bond reaches maturity4. Options: It is a type of security that gives the holder the right, but not the obligation, to buy or sell an underlying asset at a specific price on or before a certain date.
There is no right or wrong answer to which security one would prefer not to trade as it depends on an individual's risk tolerance and investment goals.
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35 points!!!111
Outlining involves arranging topics or ideas in relationship to each other. Please select the best answer from the choices provided T F
Answers
Answer:
TRUE
Explanation:
Answer:
Honestly, you're lying about the 35 points thing...
But the answer is TRUE
discuss wether trade unions always have a harmful effect on the wider economy
Answers
Answer:
1 could lead to disruption of economy
2 could lead to firm going out of business
3 it cause an increase in unemployment
4 output damage reputation of a country
5 can lead to higher wages
river city needs to raise money to build a bridge. designing the bridge and constructing it will require a long-term investment of funds. what source of financing would be representative of such a long-term funding requirement?
Answers
Issuance of bonds source of financing would be representative of such a long-term funding requirement. Thus, option D is correct.
What are the of bonds?Bonds are one way for businesses to raise funds. A bond is a loan made between an investor and a firm. The investor agrees to contribute to the business a particular sum of money for a set length of time.
In exchange, the investor receives interest payments on a regular basis. Bonds are purchased by investors because they provide a stable, predictable income stream that may be used to offset the risks provided by volatile but higher-yielding equities and other riskier portfolio assets.
Bonds are also purchased by investors in order to collect interest on a regular basis until their original cash is refunded.
Therefore, option D is correct, If planning and building the bridge would necessitate a long-term investment of finances, the insurance of bonds would be representational of such a long-term funding requirement.
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What is everyone planning to do this summer?
Answers
Answer:
read, relax, try to sleep in as long as I want, work out, and eat lol
have a good day :)
Explanation:
Education Career Video Assignment
In order to complete this assignment, you must first watch at least 3 of the 5 videos that are in the course under MODULE 3.01. After you have watched them, answer the following questions about 3 of the 5 jobs you learned about. Once you are finished save your file. Then upload it to the Education Careers Video Assignment dropbox.
Name:
Video #1
1. What is the job title?
2. Where do people with this career go to work?
3. What education do you need for this career?
4. Why did you choose this career?
Video #2
1. What is the job title?
2. Where do people with this career go to work?
3. What education do you need for this career?
4. Why did you choose this career?
Video #3
1. What is the job title?
2. Where do people with this career go to work?
3. What education do you need for this career?
4. Why did you choose this career?
Answers
Hasty Manufacturing orders 86,000 annually. They order 6 times a year. They hold 6,468 units in safety stock. The minimum number of units Hasty Manufacturing holds throughout the year is:__________
Answers
Answer:
6,468 units
Explanation:
Based on the information given we were told that the Manufacturing company orders 86,000 per year which they order 6 times a year which means that if the manufacturing company HOLD 6,468 units in safety stock. The MINIMUM number of units the Manufacturing company will HOLDS throughout the year is:6,468 units which was HOLD in Safety stock.
Question 1 of 20
What are the three main steps of creating an education and career plan?
A. Conduct a self-assessment, set goals, and then set objectives.
B. Identify your talents, identify your objectives, and then identify your
goals.
C. Set your benchmarks, identify your skills, and then set goals.
D. Conduct a self-assessment, identify your preferences, and then
apply for a job.
Answers
The three main steps of creating an education and career plan include B. Identify your talents, identify your objectives, and then identify your goals.
What is a career?It should be noted that a career simply means a profession that an individual engages in.
In this case, the main steps of creating an education and career plan include to identify your talents, identify your objectives, and then identify your goals.
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Answer:
Conduct a self-assessment, identify your preferences, and then
apply for a job.
Explanation:
The validation guy in incorrect, I hate these guys.
Mr. Chopra decides to sell his business shares to the public to acquire additional finance. Under which component in the balance sheet should Mr. Chopra show the money he obtained from the shareholders?
Answers
When Mr. Chopra sells his business shares to the public and acquires additional finance, the money obtained from the shareholders should be shown under the "Equity" component in the balance sheet.
The component in the balance sheet should Mr. Chopra show the moneyEquity represents the ownership interest in a company, and it includes the funds contributed by shareholders in exchange for shares of the company's stock. When shares are sold to the public, the proceeds from the sale increase the equity of the business. This is typically reflected as "Share Capital" or "Common Stock" in the equity section of the balance sheet.
By showing the money obtained from the shareholders in the equity section, Mr. Chopra can accurately represent the ownership stake and financial position of the company.
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When events generated by a random process have deviated from the population average in a short run, individuals may erroneously believe that the opposite deviation becomes more likely. This summarizes the _____.Answers:illusion of controlgambler's fallacyswitching and double switchinginherent memory bias
Answers
When events generated by a random process have deviated from the population average in a short run, individuals may erroneously believe that the opposite deviation becomes more likely. This summarizes the Gambler’s fallacy.
This fallacy is a false belief that events in the past will influence events in the future, even though they are independent of each other.
Also known as Monte Carlo fallacy, it is a belief in the influence of a sequence of events independent of each other. This fallacy occurs when someone believes that because a particular event has occurred sequentially over some time, an opposite or alternate event will happen soon.
It is a logical fallacy in which an individual believes that any past event will influence the outcome of any future event.
It is important to emphasize that this fallacy does not apply when the probability of different events is not independent.
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What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answers
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOULast month, Mary's Dairies' online store recorded 14,500 visits. Online shopping carts were created 695 times, but only 449 of those shopping carts actually lead to a purchase. Calculate Cart Abandonment Rate for Mary's Dairies online store. Report as a percent. Report 25.5%, for example, as "25.5". Rounding: tenth of a percent.
Answers
The Cart Abandonment Rate for Mary's Dairies' online store is 35.4%.
To calculate the Cart Abandonment Rate, follow these steps:1. First, find the number of abandoned carts by subtracting the number of completed purchases from the number of shopping carts created:
Abandoned carts = Shopping carts created - Completed purchases
Abandoned carts = 695 - 449
Abandoned carts = 246
2. Next, calculate the Cart Abandonment Rate by dividing the number of abandoned carts by the total number of shopping carts created and then multiply by 100 to get a percentage:
Cart Abandonment Rate = (Abandoned carts / Shopping carts created) * 100
Cart Abandonment Rate = (246 / 695) * 100
3. Finally, round the result to one decimal place:
Cart Abandonment Rate ≈ 35.4%
Hence, the Cart Abandonment Rate, based on the provided information, is 35.4%.
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When determining the amount of cash payments for manufacturing overhead, which costs are removed from the budgeted manufacturing overhead?
Answers
When determining the number of cash payments for manufacturing overhead, Depreciation is removed from the budgeted manufacturing overhead.
What is depreciation in accounting?
Depreciation is allocated across the asset's estimated useful life in order to charge a reasonable portion of the depreciable amount for each accounting period. Depreciation includes the amortization of assets with predetermined useful lifetimes.
How to calculate manufacturing overhead?
You must total up all indirect costs associated with the manufacturing of a product to determine manufacturing overhead. This covers the price of depreciation, factory supplies, electricity, insurance, maintenance of machines, indirect materials and labor, and more.
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The _____ of a bond fluctuates continuously during its life.
a. market value
b. face value
c. maturity value
d. principal value
Answers
The market value of a bond fluctuates continuously during its life.
The market value of a bond has two parts:
The value of the amount of the bond itself or its face value, and the value of the interest the investor would receive if investor held on to the bond until it matures. The total of these two amounts is a bond’s market value.
It means that bond's value is obtained by adding the interest to be received by the investor and the face value of the bond.
To determine a bond’s market value, investor will need its face value, the number of interest payments due to him before its maturity date and the percentage of interest it pays throughout the time period.
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Solve for w
37=w/5+14
Answers
Answer: W = 115
Explanation:
Examining the Operating Statement for RMC, what seems to be the primary driver of the diminishing results? REFERENCE INFORMATION: Examining the Operating Statement for RMC, what seems to be the primary driver of the diminishing results? REFERENCE INFORMATION:
Answers
Without access to the specific Operating Statement for RMC, it is impossible to determine the primary driver of the diminishing results.
However, generally speaking, the primary drivers of diminishing results in a company's operating statement could be any number of factors, including increased costs, declining revenues, decreased margins, or other operational inefficiencies. Examining the different line items in the operating statement and identifying changes or trends over time can help identify potential drivers of diminishing results.
Additionally, analyzing external factors such as changes in the competitive landscape or shifts in customer preferences can also provide insight into the underlying causes of declining performance.
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Which of the following bonds are considered to have the lowest risk? a) Government Bonds. b) Corporate Bonds. c) Junk Bonds. d) REITS.
Answers
Government bonds are considered to have the lowest risk.
Government bonds are issued by the government and are backed by the full faith and credit of the government. This means that they are considered to be the safest investment option, as there is very little risk of default. Corporate bonds, on the other hand, are issued by corporations and carry a higher level of risk, as the financial health of the company can impact the likelihood of repayment. Junk bonds are also considered high-risk, as they are issued by companies with poor credit ratings. REITs (real estate investment trusts) are not bonds, but rather are investment vehicles that hold portfolios of real estate assets and generate income through rental income and property appreciation. While REITs can be a relatively low-risk investment option, they are not typically considered to be bonds and carry a different set of risks.
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record the entry to close the $62,000 credit balance (from net income) in the income summary account to retained earnings.
Answers
To close the $62,000 credit balance from net income in the income summary account to retained earnings, we need to make a journal entry.
Retained earnings is a permanent account that captures all the profits earned by the company since its inception. The income summary account, on the other hand, is a temporary account that summarizes all the revenue and expense accounts for a particular period. The journal entry to close the income summary account to retained earnings will be a debit to income summary for $62,000 and a credit to retained earnings for the same amount. This entry will transfer the net income for the period from the income summary account to retained earnings, increasing the company's equity. It's important to note that closing entries are made at the end of the accounting period to prepare the accounts for the next period, and they do not affect the company's cash balance.
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