Positive economics avoids value judgments, tries to establish scientific statements about economic behavior, and deals with actual economic events.
What is positive economics?Positive Economics is objective and statements are usually based on facts and economic theory. They can be tested.
For example, when the price of a good increases, it is expected that if the good is a normal good, the quantity demanded would decline. This is an example of positive economics.
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Henna Company produces and sells two products, Carvings and Mementos. It manufactures these products in separate factories and markets them through different channels. They have no shared costs. This year, the company sold 58,000 units of each product. Income statements for each product follow. Carvings Mementos Sales $ 974,400 $ 974,400 Variable costs 779,520 194,880 Contribution margin 194,880 779,520 Fixed costs 46,880 631,520 Income $ 148,000 $ 148,000 rev: 09_29_2021_QC_CDR-376 Required: 1. Compute the break-even point in dollar sales for each product. (Enter CM ratio as percentage rounded to 2 decimal places.)
The computation of the break-even point in dollar sales for each product is as follows:
Carvings = $234,400 ($46,880/0.2)
Mementos = $789,400 ($631,520/0.8)
What is the break-even point?The break-even point represents the dollar sales or units at which the entity does not incur any loss or earn any profit.
At the break-even point, the total costs are equal to the total revenue.
Data and Calculations:Carvings Mementos
Sales $ 974,400 $ 974,400
Variable costs 779,520 194,880
Contribution margin 194,880 779,520
CM Ratio 20% 80%
Fixed costs 46,880 631,520
Income $ 148,000 $ 148,000
Break-even point = Fixed costs/CM Ratio
Thus, the break-even points in sales dollars are Carvings, $234,400,, and Mementos, $789,400.
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The key to a good assessment of the alternatives: (Choose all that apply.) Multiple select question. ensures buy in at all levels of the organization. makes sure that managerial mind-set is the main consideration. defines the opportunity or threat exactly. specifies the criteria that should influence the selection of appropriate alternatives.
The key to a good assessment of the alternatives:
C. defines the opportunity or threat exactly.D. specifies the criteria that should influence the selection of appropriate alternatives.What is an Assessment?This refers to the analysis that is done to ensure the best possible thing is selected and that threat is identified and eliminated on time.
Hence, we can see that when making good assessments, it is important to define the threat or opportunity and then specify the criteria that should influence the selection of appropriate alternatives.
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How should a company adopt a data-driven culture that will stick?.
Managers use a ______ strategy to distinguish their products from those of their competitors by focusing on characteristics such as design, quality, and after-sale service.
Answer:
This is product differentiation
Explanation:
I'm just a smart guy
One of the most important advantages of the sole proprietor form of ownership is that a business owner: Multiple choice question. does not need an attorney finds it easier to start and end the business does not need a tax accountant has many financing options
The most important advantages of the sole proprietor form of ownership is that a business owner finds it easier to start and end the business.
What is sole proprietor form of business?The sole proprietor is the form of business organization which is owned by a single person, who is responsible for the entire business operations. The amount of capital, profit, loss are all responsibility of the owner.
The biggest advantage of having a sole proprietorship form of business is that the owner is free to start and end the business without any paperwork or other legal documents.
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According to goal-setting theory, in order for goals to enhance motivation and performance they must be Multiple Choice recognized by monetary rewards. accompanied by feedback. tied directly to the principles of scientific management. put into the labor contract.
According to goal-setting theory, in order for goals to enhance motivation and performance they must be: B. accompanied by feedback.
What is motivation ?Motivation is something that help to increase a worker or an employee performance and productivity.
For a goals which a company what to accomplish to enhance motivation such goals must depend on the feedback received.
Therefore the correct option is B.
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A 4% S/A coupon bond with 4 coupons remaining has a BEY of 8.00%. You buy the bond a little over a month before you get the first coupon. Specifically, the fraction of the 6-month period that has already elapsed is 0.80. Calculate the dirty price of this bond.
A 4% S/A coupon bond with 4 coupons remaining has a BEY of 8.00%, is mathematically given as
DP=95.696. Option D is correct
What is the dirty price of this bond?Generally, dirty price is simply defined as It's important to note that a "dirty price" is simply a bond pricing quotation that takes into account both the coupon rate and any interest that has already accumulated on the bond.
In conclusion, Dirty price
DP = (Clean price + interest Accrued)
Therefore
DP=0.80*(4%*100/2)+2*(1-(1+4%)^(-3.20))/(4%)+100/(1+4%)^(3.20)
DP=95.696
CQ
A4% S/A coupon bond with 4 coupons remaining has a BEY of 8.00%. You buy the bond a little over a month before you get the first coupon. Specifically, the fraction of the 6-month period that has already elapsed is 0.80.
Calculate the dirty price of this bond.
O 81.370
85.216
93.471
o 95.696
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write the following In Words 689·104
Suppose that both of the events you have just analyzed are partly responsible for the increase in the price of hamburgers. Based on your analysis of the explanations offered by the two groups of students, how would you figure out which of the possible causes was the dominant cause of the increase in the price of hamburgers?.
It is likely that the increase in the price of hamburgers is related to the fact that demand is greater than supply.
What is the law of supply and demand?It is an economic approach to understanding the economic factors that influence the quantity of a product supplied in a market and its price.
Therefore, when there is more demand than supply for a good available in the economy, it means a situation of scarcity, which makes prices rise.
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If people expect future earnings of Galt Corporation to be high relative to current earnings, then a. the P/E ratio of its stock will be high. A P/E ratio of 8 is relatively low. b. the P/E ratio of its stock will be high. A P/E ratio of 8 is relatively high. c. the P/E ratio of its stock will be low. A P/E ratio of 8 is relatively low. d. the P/E ratio of its stock will be low. A P/E ratio of 8 is relatively high.
When earnings are expected to be high relative to current earnings, then a. the P/E ratio of its stock will be high. A P/E ratio of 8 is relatively low.
What happens when future earnings are expected to be high?If earnings are expected to be high as in the case of the Galt Corporation, then the price of the stock will rise.
This will then lead to a high P/E ratio because the price will rise but the earnings will remain the same.
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which statement best describes how the Fed responds to recessions?
It sells more securities.
It charges banks more interest.
It increases reserve requirements.
It increases the money supply.
The federal government responds to recession by increasing the money supply in a country.
What is Recession?Recession is term used to describe a general economic contraction which is identified by a fall in the gross domestic product of a country.
Before a country is said to be in recession, the GDP of that country must have fallen in two successive quarters.
The feds respond to recession by increasing the money supply in order to stimulate the local economy.
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Answer: D - It increases the money supply.
Explanation: Edge 2022
What happens when a driver selects the driving range option from 2023 leaf’s available ev info menu?.
When a driver selects the driving range option from 2023 leaf’s available info menu a map displays the driving range. This is further explained below.
What is driving?Generally, driving is simply defined as the factors that are initiated to moving a car or vehicle.
In conclusion, An interactive driving range map appears in the 2023 leaf's accessible information menu when a driver picks the option.
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Advertising, fashion trends, and new product introductions serve to.
Answer:
Create consumer demand.
Explanation:
Advertising helps promote your product so people will want to buy it.
Question 8 of 10
What is the best strategy when considering a financial aid package?
A. Consider grants as a last resort.
B. Attend the most expensive school, regardless of aid.
C. Settle on the school that is least costly, even if you don't really
want to attend.
D. Consider private loans as a last resort.
The best strategy when considering a financial aid package is to Consider grants as a last resort.
What is a financial aid package?
This is the aid that is provided to the people of the United States as an aid that would help them in their education.
The financial aid helps to take care of the tuition of the students who have issues with finance.
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Answer:
D.
Explanation:
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Drag each tile to the correct box
determine the type of risk each investment is likely to incur
business risk
call risk
liquidity risk
taxability risk
lee purchased municipal bonds
issued by a government entity.
valerie bought bonds that include
a feature to pay the bonds back
earlier than the maturity date.
brian used most of his savings to
purchase the stock of a big
company
aj invested all of his savings in
a rental home.
The kind of risk that the given investments might incur are:
Lee purchased municipal bonds issued by a government entity - Liquidity risk. Valerie bought bonds that include a feature to pay the bonds back earlier than the maturity date - Call risk. Brian used most of his savings to purchase the stock of a big company - Business risk. Aj invested all of his savings in a rental home - Taxability risk.Which risks do these investments face?Municipal bonds are usually illiquid which means that buying them comes with liquidity risk. Buying stock comes with business risk because the stock might lose value if the company performs poorly.
Call risk occurs when the issuer of a bond can pay back the bond before it matures.
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Answer:
C. B. A. D.
expiation:
in that order
A mutual fund is quoted at $16.56 NAV and $18.00 POP. The sales charge is A) 8.50% B) 7.75% C) 7.50% D) 8%
Based on the Mutual fund's NAV and the POP, the sales charge can be found to be D. 8%.
How is a Mutual fund's sales charge calculated?You can find the sales charge through the formula:
= (POP - NAV) / POP x 100%
Solving gives:
= (18 - 16.56) / 18 x 100%
= 1.44 / 18 x 100%
= 8%
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The impetus that pushes consumers to satisfy their unmet needs, such as having no laundry detergent to do the wash, is a(n) Blank______.
The impetus that pushes consumers to satisfy their unmet needs, such as having no laundry detergent to do the wash, is a motive.
What is a Motivation?This refers to the internal or external drive that makes a person to do something, in hopes of a reward or to escape punishment.
Hence, we can see that based on the drive that is inherent in humans to accomplish a task, this leads them to satisfy their unmet needs and this is known as a motive.
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Have a clearance of how many inches in the left side of a vehicle
Hanson Aquatics manufactures navigational equipment. As a new Hanson employee, Lyndon Kiely was told that even if he decides not to join the union that represents the company's employees, he must pay the dues. Hanson has a(n) _____ shop.
If he must pay the dues. Hanson has a(n) agency shop.
What is agency shop?An agency shop can be defined as a shop in which the employer may decide to recruit a person that is member of the union or a person that is not part of the union.
In this agency shop it is not mandatory for an employee which not member of the union to join the union but the employee must always pay the dues.
Therefore Hanson has a(n) agency shop.
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A customer has a margin account that shows a market value of $190,000 and a debit balance of $90,000. in addition, the account has special memorandum account of $5,000. the long market value at maintenance is
A maintenance margin is a minimum equity an investor ought to preserve withinside the margin account after the acquisition has been made. Hence, the long market value at maintenance in this case is $120,000.
What do you mean by long market value?Long market value at maintenance refers to the point where an account must fall (in market value) to reach minimum maintenance (25% of market value). ;
The maintenance margin is far presently set at 25% of the full value of the securities in a margin account as in step with Financial Industry Regulatory Authority (FINRA) requirements.
To calculate the long market value at maintenance, divide the debit balance by .75 ($90,000 / .75 = $120,000)
Hence, the long market value at maintenance is $120,000.
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A manufacturer purchases $163,000 of raw materials on credit. The journal entry to record the purchase of raw materials consists of a: Multiple Choice Debit to Accounts Payable for $163,000; credit to Raw Materials Inventory for $163,000. Debit to Work in Process Inventory for $163,000; credit to Raw Materials Inventory for $163,000. Debit to Work in Process Inventory for $163,000; credit to Accounts Payable for $163,000. Debit to Raw Materials Inventory for $163,000; credit to Accounts Payable for $163,000. Debit to Raw Materials Inventory for $163,000; credit to Cash for $163,000.
The journal entry to enter the information will be C. Debit to Raw Materials Inventory for $163,000; credit to Accounts Payable for $163,000.
What is a journal entry?It should be noted that a journal entry simply illustrates the debited and credit side of the financial transactions.
Here, the journal entry to enter the information will be to debit to Raw Materials Inventory for $163,000; credit to Accounts Payable for $163,000.
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The difference between a financial aid package and total cost of collage can be made up by ______.
A: reapplying with different family contributions
B: signing up for fewer classes a semester
C: personal savings and student loans
D: going to a college with lower tuition costs
The difference between a financial aid package and total cost of collage can be made up by personal savings and student loans.
Financial aid is referred to any form of funding which tends to help one in paying for for college, such as a loans, grant, scholarships or work-study programs. So, for most of the students, financial aid is essential to making college affordable.
It is estimated that about two thirds of college students receive financial aid based on their family's financial circumstances. So, here it is important that the difference between a financial aid package and total cost of collage can be made up by personal savings and student loans.
Hence, option C is correct.
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Question 18 of 20
Increasing her income is one way that Sasha can:
O A. reduce her monthly spending.
O B. lower her monthly expenses.
C. manage additional expenses in her budget.
D. manage additional financial loss.
Sasha can manage additional expenses in her budget by increasing her income. Hence, Option C is the correct statement.
What do you mean by income?Income is described in exceptional methods relying on the context for example, for functions of taxation, financial accounting, or monetary analysis. For people and businesses, earnings usually manner the value or quantity that they obtain for their labor and products.
Hence, Sasha can manage additional expenses in her budget by increasing her income. Option C is the correct statement.
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Answer:
manage additional expenses in her budget
Explanation:
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A couple advises a banker that their total income includes both salary and disability payments. How should disability payments, which are non-taxable, be analyzed in order to fairly calculate the customer’s ability to pay?.
The way that disability payments be analyzed in order to calculate the customer’s ability to pay are:
The use of SSA Notice of Award or any equivalent document “does not have a defined expiration dateThe use of income from this source that qualifies income.How do you calculate disabilities?In the calculation of how much a person can receive as your disability benefit, there is the use of SSA via the use of the average amount a person have earned per month over the timeframe of their adult years, and one adjusted for inflation.
One can do so by entering your typical annual income. and this income will be adjusted to know the wage growth over a person's career.
Note that The way that disability payments be analyzed in order to calculate the customer’s ability to pay are:
The use of SSA Notice of Award or any equivalent document “does not have a defined expiration dateThe use of income from this source that qualifies income.Learn more about disability payments from
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Which of the international operations strategies involves a focus on cost reductions and high local responsiveness
The type of strategy where the international operations focus on higher reductions in cost and higher local alertness is called transnational strategy.
What is meant by the strategy?A strategy is a policy devised to achieve long-term objectives.
Transnational strategy is one of the strategies to keep in check the monetary transactions entered between various entities of different nations. A business is said to be transnational when it has its entire operations in one country but also has varied operations in other counties.
Therefore, the transnational strategy involves a greater reduction in costs and greater alertness at local levels.
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The principle of exceptions allows managers to focus on correcting variances between.
Answer:
The principle of exceptions allows managers to focus on correcting variances between standard costs and actual costs.
An airport wants to make its luggage-handling process faster and simpler for travelers. A data analyst examines and evaluates how the process works currently in order to achieve the goal of a more efficient process. What methodology do they use
To make the baggage handling process faster and simpler for travelers, a data analyst uses a gap analysis.
What is a gap analysis?Corresponds to a performance evaluation technique, where a professional is responsible for evaluating the way processes are being carried out in an organization, to determine their efficiency, developing an analysis of needs to increase quality.
Therefore, a gap analysis aims at the continuous improvement of processes through environmental assessment, in order to achieve total quality.
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Texas annexation was not at the forefront of american politics until president john tyler used it as a rallying cry for his bid for reelection in 1844. identify the statements that correctly describe the reactions to the annexation of texas.
Answer:
A letter by Secretary of State John C. Calhoun to President Tyler linked the idea of absorbing Texas directly to the goal of strengthening slavery in the United States.
Prospective presidential candidates, Henry Clay and Martin Van Buren, met and agreed to reject the immediate annexation of Texas on the grounds it might lead to war with Mexico.
Explanation:
In a letter to President Tyler, Secretary of State John C. Calhoun made a direct connection between the desire to strengthen slavery in the US and the concept of absorbing Texas.
What was annexation of Texas ?Henry Clay and Martin Van Buren, two potential candidates for the presidency, got together and decided against annexing Texas right once because doing so might spark a conflict with Mexico.
In an effort to build a foundation of support from the general public for another four years, U.S. President John Tyler broke away from the other major parties in 1843 and opted to seek the annexation of Texas on his own.
The Tyler-Texas treaty was rejected by the Senate by a strong majority. Tyler lacked the Senate votes necessary to ratify the deal. In June, it lost by a wide margin.
Tyler retried to acquire their ok before leaving the office. This time, he received support from both chambers of Congress for the joint resolution.
Texas was admitted into America on December 29, 1845, thanks to Tyler's success in getting the joint resolution passed by the senate on March 1, 1845.
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On October 1, Year 1, Jason Company paid $3,600 to lease office space for one year beginning immediately. What is the cash outflow for rent that would be reported on the Year 1 statement of cash flows
The cash outflow for rent that would be reported on the Year 1 statement of cash flows is $2,700
What is cashflow?This is the amount of cash , which a company receives or gives out by the way of payments to its creditors.
Though the amount paid was paid on October 1, Year 1 it will only be expensed from October to December for year 1.
The duration of the payment is 12 months, hence
Monthly amortization
= $3,600 / 12
= $300
Rent expense for year 1
= $300 × 3
= $900
The ending balance in the prepaid rent account will be
= $3,600 - $900
= $2,700
This will be the cash outflow for rent that would be reported on the Year 1 statement of cash flows.
Hence, the cash outflow for rent that would be reported on the Year 1 statement of cash flows is $2,700
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3. A project manager is trying to complete a software development project, but cannot get enough attention for the project. Resources are focused on completing process-related work, and the project manager has little authority to assign resources. What form of organization must the project manager be working in
The form of organization must the project manager be working in Functional.
What is the meaning of organization?Organization refers to the group of the people working together in order to achieve organizational goal. The aim of every organization is maximization of the profits.
In the above case, the project manager is trying to complete a software development project but is unable to get the attention on the project. all the resources are under completion of the different works.
This implies that form of organization must the project manager be working in Functional because he has little powers to make the use of the resources.
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