For Giselle's performance income statement, which has been corrected over a two-year period to perform very well in 2018 compared to 2017.
The corrected comparative income statements for the two-year period, complete with a heading for the statements are given below:
Giselle Tile & Marble Corporation Income Statements For the Years Ended June 30, 2018 and 2017 (Corrected)
2018 2017
Sales revenue $ 143,000 $ 117,000
Cost of goods sold: Beginning inventory $ 16,500 $ 14,000
Add: Understated ending inventory - $ 10,000
Corrected beginning inventory $ 26,500 $ 24,000
Net purchases 77,000 68,000
Cost of goods available 103,500 92,000
Ending inventory (20,000) (6,500)
Cost of goods sold 83,500 75,500
Gross profit 59,500 41,500
Operating expenses 22,000 21,000
Net income $ 37,500 $ 20,500
Giselle's sales revenue increased by $26,000 ($143,000 - $117,000) in 2018. It can be seen from the corrected income statement that the cost of goods sold (COGS) increased by $8,000 ($83,500 - $75,500) as a result of the inventory correction.
The gross profit, operating expenses, and net income in 2018 have increased significantly when compared to 2017. The gross profit increased from $41,500 in 2017 to $59,500 in 2018, operating expenses remained the same at $22,000, and the net income increased from $20,500 in 2017 to $37,500 in 2018. Therefore, it can be concluded that Giselle performed very well in 2018 as compared with 2017.
Learn more about profit at https://brainly.com/question/29785281
#SPJ11
Elizabeth Hitchens and Nicole Wallace are partners in Gold Coast Ventures. The basis of either partner's interest in Gold Coast Ventures would be increased by:
a. Charitable contributions.
b. Distributions of money and the adjusted basis of other property distributed to the partner.
c. The partner's distributive share partnership losses.
d. The partner's distributive share of partnership ordinary income.
The correct answer is b.
The basis of either partner's interest in Gold Coast Ventures would be increased by distributions of money and the adjusted basis of other property distributed to the partner.
How does a partner's basis in Gold Coast Ventures increase?When a partner receives distributions from a partnership, it increases their basis in the partnership. Basis refers to the partner's investment in the partnership, and it affects the partner's ability to recognize gains or losses when they dispose of their partnership interest.
The basis of a partner's interest in the partnership can be increased by several factors, such as contributions of money or property, the partner's share of partnership income, and their share of partnership liabilities. However, in this case, the question specifically asks about the basis being increased, and the only option that would increase the basis is the distribution of money and adjusted basis of other property to the partner.
Learn more about: Partner
brainly.com/question/32402449
#SPJ11
11. Before 1993 and the installation of the Mid-Levels escalators, walk- ing up the hill was much more painful than walking down. This is translated by the following assumptions: τ1(x) = tx and τ2(1 − x) = (t + τ )(1 − x) with t, τ > 0. Based on your reasoning about the prices charged by the two shops, which of the following statement is TRUE? A. The equilibrium quantity of Won-Ton will be smaller than that of Too-Chow.
B. The equilibrium price of Won-Ton will be higher than that of Too- Chow.
C. The equilibrium profit of Won-ton will be smaller than that of Too- Chow.
D. None of the above.
Based on your reasoning about the prices charged by the two shops, "The equilibrium price of Won-Ton will be higher than that of Too-Chow" is the true statement. The correct option is B.
Who will have the higher equilibrium price?The prices charged by the two shops will be equal in the absence of information about each other's pricing strategy. Since the owners of Won-Ton and Too-Chow are strategic rivals, each of them must expect the other to react to their pricing decisions, which results in a price war.
The equilibrium price for each shop is determined by the pricing strategies of its rivals. As a result, Won-Ton will have a higher equilibrium price than Too-Chow.
What is equilibrium in economics?The term "economic equilibrium" refers to a situation in which economic forces, such as supply and demand, are balanced, and there is no inherent tendency for change. When the quantity of a commodity or service provided by producers matches the quantity desired by consumers, economic equilibrium occurs.
The marketplace is said to be in equilibrium when the quantity of goods or services supplied equals the quantity demanded by consumers.
To know more about equilibrium price, visit:
https://brainly.com/question/29099220#
#SPJ11
a. Assume that X Company has common stock outstanding with a current market value of $55 per share, current dividend of $4 per share, and a dividend growth rate of 8% forever. Calculate the company cost of equity capital. b. X Company also has preferred stock outstanding with par value of $76, dividend per share of $7, and a current market value of $56 per share. Calculate the company cost of preferred stock. c. The interest rate for the debt of X company is 14%. What is the after-tax cost of debt if the income tax rate is 25%. d. The total value of the X company's assets is 1 million $, in which debt accounts for 35%, the total market value of common stock is $560,000, the rest is preferred stock. What is the Weighted Average Cost of Capital (WACC) of the X company? f. Assume that X has a company beta of 1.3. The risk-free rate is 5% and the expected return on the market is 13.4%. Calculate the cost of equity capital?
The required Weighted Average Cost of Capital (WACC) of the X company is 17.42%.
a. The cost of equity is calculated using the dividend growth model, also known as the Gordon model:Cost of Equity = (Current Dividend / Current Stock Price) + Dividend Growth Rate= ($4 / $55) + 8% = 15.27%
b. Cost of Preferred Stock= Annual Preferred Dividend / Market Value of Preferred Stock= $7 / $56 = 12.5%
c. After-tax cost of debt= Pre-tax cost of debt x (1 - Tax Rate)= 14% x (1 - 0.25) = 10.5%
d. To calculate WACC, you need to use the weights of each source of financing. Debt and Equity are the main sources of financing, and the formula for WACC is as follows:WACC = (Weight of Equity x Cost of Equity) + (Weight of Debt x Cost of Debt) x (1 - Tax Rate)
Weight of Equity = Market Value of Equity / Total Value of the Firm = $560,000 / $1,000,000 = 0.56
Weight of Debt = Total Debt / Total Value of the Firm = 0.35(1 - 0.56) = 0.154
Cost of Equity and Cost of Debt are calculated in parts a and c, respectively.WACC = (0.56 x 15.27%) + (0.154 x 10.5%) x (1 - 0.25) = 11.99%e. The cost of equity using the CAPM model is as follows:Cost of Equity = Risk-Free Rate + Beta x (Expected Market Return - Risk-Free Rate)= 5% + 1.3 x (13.4% - 5%)= 17.42%
Thus, the cost of equity capital of X Company is 17.42%.
Learn more about equity here,
https://brainly.com/question/31326021
#SPJ11
Green Air Co’s accounting records show the following:
Income tax payable on current year profits $80,000
Under-provision in relation to the previous year $9,500
Opening provision for deferred tax $3,500
Closing provision for deferred tax $4,900
Requirement
What is the income tax expense that will be shown in the statement of profit or loss for the year?
The income tax expense that will be shown in the statement of profit or loss for the year is $91,900. It includes the current year's income tax payable, the change in deferred tax provision, and an adjustment for the previous year's under-provision.
How to calculate income tax expense?To determine the income tax expense that will be shown in the statement of profit or loss for the year, we need to consider both the current year's income tax payable and the change in the deferred tax provision.
1. Current Year's Income Tax Payable: $80,000
This represents the income tax expense related to the current year's profits.
2. Change in Deferred Tax Provision:
To calculate the change in the deferred tax provision, we subtract the opening provision for deferred tax from the closing provision for deferred tax.
Change in Deferred Tax Provision = Closing Provision for Deferred Tax - Opening Provision for Deferred Tax
Change in Deferred Tax Provision = $4,900 - $3,500 = $1,400
3. Under-provision in relation to the previous year: $9,500
This represents an adjustment for the previous year's under-provision. It will increase the income tax expense for the current year.
Now, we can calculate the income tax expense for the year:
Income Tax Expense = Current Year's Income Tax Payable + Change in Deferred Tax Provision + Under-provision in relation to the previous year
Income Tax Expense = $80,000 + $1,400 + $9,500
Income Tax Expense = $91,900
Therefore, the income tax expense that will be shown in the statement of profit or loss for the year is $91,900.
Learn more about: income tax
brainly.com/question/21595302
#SPJ11
The combination of the assets, liabilities, stock, and employees of two corporations into one brand new corporation is called O a. a consolidation. O b. a takeover. O c. an exchange of assets. d. a merger.
A merger is a business strategy that involves two or more companies combining into a single entity. It typically entails a stock swap, in which the acquiring company issues new stock to the shareholders of the company being acquired, in exchange for their shares.
A merger is a business combination of two or more firms in which they become a single new entity. A merger can be of different types, such as horizontal, vertical, or conglomerate. Horizontal mergers occur when two companies operating in the same line of business combine. Vertical mergers happen when two companies involved in different levels of the same supply chain combine. A conglomerate merger is when two firms in unrelated businesses come together.The combination of two companies in a merger is beneficial for both companies.
By joining forces, companies can increase their market share, achieve economies of scale, and reduce costs. They can improve their efficiency and effectiveness and become more competitive in the market.The outcome of a merger can be both positive and negative. Some of the benefits of a merger include access to new markets, the diversification of product lines, the creation of synergies, and cost savings. However, mergers can also be detrimental to companies due to financial and cultural differences.
A merger is a business strategy that involves two or more companies combining into a single entity. It is of different types such as horizontal, vertical, or conglomerate. By joining forces, companies can increase their market share, achieve economies of scale, and reduce costs. However, mergers can also be detrimental to companies due to financial and cultural differences.
To know more about merger visit:
brainly.com/question/32080791
#SPJ11
On the Spot Courier Services In the On the Spot system, package pickup and delivery are closely integrated with route schedules. However, recall the RMO system, where there is a Sales subsystem, an Order fulfillment subsystem, a Customer account subsystem, and a Marketing subsystem. You could conceive of the On the Spot system as also consisting of four subsystems: • Customer account subsystem (like customer account) • Pickup request subsystem (like sales) • Package delivery subsystem (like order fulfillment) • Routing and scheduling subsystem Assuming that on the Spot's system developer approached this new system from this point of view and that the developer also decided to use an adaptive, iterative approach, answer these questions: Reviewing your work from Chapter 3, assign each of your use cases to a particular subsystem. Does this change your answer or does it strengthen your original premise?
This approach allows for modular development and maintenance, where each subsystem can be developed and improved iteratively, adapting to changing requirements without affecting other subsystems.
As per the given information, let's assign the use cases to the corresponding subsystems in the On the Spot system:
Customer account subsystem (similar to customer account):
Create an account
Update account information
View account details
Make payment
Pickup request subsystem (similar to sales):
Place a pickup request
Cancel a pickup request
Modify a pickup request
Package delivery subsystem (similar to order fulfillment):
Deliver a package
Track package status
Update package status
Routing and scheduling subsystem:
Generate route schedules
Optimize routes
Assign packages to routes
Assigning the use cases to these subsystems aligns with the concept of dividing the On the Spot system into four subsystems, just like in the RMO system. It strengthens the original premise of having separate subsystems for different functional areas and ensures a clear separation of responsibilities within the system.
Learn more about iteratively from the link given below.
https://brainly.com/question/30456370
#SPJ4
A cost object is ______.
A. an item for which managers are trying to determine the cost B. an item to which managers must directly trace costs C. an item to which it is not worth the effort of tracing costs D. an item for sale by a business Which one is TRUE about the statement of over and under absorption of overheads: A. When predetermined overhead rates are applied, the overheads absorbed will be greater or lesser than the actual expenditure incurred on the account of overheads. B. When the absorbed amount is greater, it is called under absorbed. C. When the direct material amount is greater, it is called over absorbed. D. Over absorbed of overhead cost will result in over stated of Net Profit Which of the following functions of management involves setting short and long- term objectives and the tactics to achieve them? A. Planning B. Organizing C. Directing/leading D. Control
Part 1: A cost object is A. an item for which managers are trying to determine the cost.
Part 2: The true statement about the over and under absorption of overheads is A. When predetermined overhead rates are applied, the overheads absorbed will be greater or lesser than the actual expenditure incurred on the account of overheads.
Part 3: The function of management that involves setting short and long-term objectives and the tactics to achieve them is A. Planning.
Part 1: A cost object is a term used in managerial accounting to refer to any item, product, service, or activity for which managers want to determine the cost. It can be a specific product, project, department, customer, or any other entity or activity within an organization that requires cost analysis.
Managers identify and define cost objects to allocate and assign costs appropriately for decision-making, budgeting, and performance evaluation purposes. By determining the cost of a specific cost object, managers gain insight into the cost structure and profitability of various aspects of their business operations.
Part 2: Over and under absorption of overheads refers to the difference between the overhead costs allocated or absorbed using a predetermined overhead rate and the actual overhead costs incurred. A predetermined overhead rate is calculated based on an estimated level of activity, and when applied, it may result in the absorption of overhead costs that are either greater or lesser than the actual overhead expenditure.
If the absorbed amount is greater than the actual expenditure, it is called over absorption (not under absorption as stated in option B). Option C is incorrect because over or under absorption is related to overhead costs, not direct material amounts. Option D is also incorrect because over absorbed overhead costs would lead to an understatement of net profit, not an overstatement. Therefore, the correct answer is A.
Part 3: Planning is the management function that involves setting goals, objectives, and strategies to guide an organization towards desired outcomes. It involves determining the course of action and allocating resources to achieve specific targets.
Through planning, managers analyze the internal and external environment, identify opportunities and challenges, and develop plans to address them. This includes setting both short-term and long-term objectives, as well as outlining the tactics and steps required to achieve those objectives. Planning provides the framework for decision-making and guides the actions of other management functions, such as organizing, directing/leading, and controlling. Therefore, the correct answer is A. Planning.
To learn more about cost object, here
https://brainly.com/question/13401318
#SPJ4
The greater the MPS, the greater the multiplier. A) true B) false
The statement "The greater the MPS, the greater the multiplier" is not true. In fact, the opposite is true. The multiplier is a concept in economics that measures the magnification of an initial change in spending in the economy.
What is the MPS?
The MPS or Marginal Propensity to Save is the rate at which an individual saves additional income as a proportion of the income earned. The MPS refers to the proportion of additional income saved instead of consumed. When we deduct consumption from income, we get savings. MPS is, thus, the ratio of the change in savings to the change in income.
When the MPS is high, people save more and spend less, causing the multiplier to be lower. When the MPS is low, people save less and consume more, increasing the multiplier. As a result, the greater the MPS, the lower the multiplier and the less the MPS, the greater the multiplier.
know more about Marginal Propensity.
https://brainly.com/question/29035456
#SPJ11
Eliott Company produces large quantities of a standardized product. The following information is available for its production activities for March.
Units Beginning work in process inventory
Started
Ending work in process inventory
Status of ending work in process inventory Materiale-Percent complete Conversion-Percent complete
Costs
2,000
20,000 5,000
Beginning work in process inventory
Direct materials Conversion
$ 2,500 6,360
Direct materials added
Direct labor added
$ 8,860
168,000
100%
35% Overhead applied (140% of direct labor)
Total costs to account for
199,850 279,790
$ 656,500
Ending work in process inventory
$ 84,110
To analyze the production activities for March at Eliott Company, we can calculate the equivalent units of production and the costs incurred during the period.
Equivalent Units of Production:
The equivalent units of production represent the number of fully completed units that could have been produced with the inputs used during the period. We need to calculate the equivalent units for direct materials and conversion costs separately.
a. Direct Materials:
The beginning work in process inventory is given as 2,000 units, and 20,000 units were started during the period. Therefore, the total units to account for are 22,000 units.
Ending work in process inventory is given as 5,000 units. As the status of ending work in process inventory is not specified, we assume it is 100% complete. Hence, the equivalent units for direct materials are calculated as follows:
Equivalent Units of Direct Materials = Units started + Ending work in process inventory = 20,000 + 5,000 = 25,000 units
b. Conversion Costs:
The equivalent units for conversion costs are calculated based on the conversion percentage complete. The status of the ending work in process inventory is given as 35% complete.
Equivalent Units of Conversion Costs = Ending work in process inventory * Conversion percentage complete
= 5,000 * 35% = 1,750 units
Cost Calculation:
a. Direct Materials:
The beginning work in process inventory for direct materials is given as $2,500. Direct materials added during the period is $168,000. Hence, the total direct materials cost to account for is $170,500.
b. Conversion Costs:
The beginning work in process inventory for conversion costs is given as $6,360. The direct labor added during the period is $8,860, and the overhead applied is $140% of direct labor ($8,860 * 140% = $12,404). Therefore, the total conversion costs to account for are $27,624.
Total Costs:
The total costs to account for are the sum of direct materials and conversion costs.
Total Costs to Account for = Direct Materials Cost + Conversion Costs
= $170,500 + $27,624
= $198,124
Ending Work in Process Inventory:
The ending work in process inventory is given as $84,110. This cost is not broken down into direct materials and conversion costs.
Learn more about conversion costs Here-
https://brainly.com/question/30049043
#SPJ4
a. what is the firm weighted cost of capital? (i.e WACC)
B. WHAT IS THE INITIAL CASH FLOW (i.e, total cash flow in year 0)
c.what is the present value of after tax net cash revenues?
d. what is the present value of total depreciation tax shield( i.e PVCCATS)?
e. what is the present value of ending cash flows?
f. compute the NPV of the project. should H2O- Chemical Company undertake the new project? why?
e. what can you infer about the project IRR (no computation required)?
a. What is the firm weighted cost of capital (i.e WACC)The WACC (weighted average cost of capital) is the average cost of capital for a business, where each source of capital is weighted according to its proportionate use in the company. It is the weighted average of a company's cost of debt and equity.
b. WHAT IS THE INITIAL CASH FLOW (i.e, total cash flow in year 0)The initial cash flow, or year 0 cash flow, is the cash flow that happens during the first year of a project, which is often composed of the investment in the project.
c. What is the present value of after-tax net cash revenues.The present value of after-tax net cash revenue is the total value of all future net cash flows, after taxes and discounted to their current value.
d. What is the present value of total depreciation tax shield(i.e PVCCATS).The present value of total depreciation tax shield is the present value of tax deductions available for depreciation of an asset over time.
e. What is the present value of ending cash flows.The present value of ending cash flows is the current value of the future cash flows expected at the end of a project.
f. Compute the NPV of the project. Should H2O-Chemical Company undertake the new project. To calculate the NPV of the project, the following formula can be used: NPV = CF1 / (1+r)^1 + CF2 / (1+r)^2 + ... + CFn / (1+r)^n - CoWhere, CF1, CF2, CFn are cash flows in years 1, 2, and n respectively; Co is the initial investment; and r is the discount rate. If the NPV of the project is positive, then H2O-Chemical Company should undertake the new project, otherwise, it should not.
g. What can you infer about the project IRR (no computation required). The IRR (internal rate of return) is the interest rate at which the NPV of a project equals zero. If the IRR is higher than the cost of capital (WACC), then the project is worthwhile, otherwise, it is not.
For more questions on: WACC
https://brainly.com/question/30746642
#SPJ11
Digital trade is on the rise. Discuss in what ways developing
countries can learn from developed countries in enhancing their
digital trade.
Digital exchange is certainly on the upward thrust, and developing nations can learn from developed international locations in improving their virtual trade in several ways which include Infrastructure Development, Infrastructure Development, E-trade Platforms and Payments, Capacity Building and Skills Development, and International Collaboration:
Infrastructure Development: Developing countries can learn from the investments made through developed international locations in building robust digital infrastructure. This includes increasing broadband connectivity, improving community insurance, and making sure reliable and less costly internet gets an entry. Building a strong virtual infrastructure is essential for allowing e-commerce and virtual change.
Regulatory Framework: Developing nations can advantage from studying the regulatory frameworks applied with the aid of evolved nations to facilitate digital trade. This consists of enacting legislation that helps online transactions, statistics protection, privacy guidelines, and intellectual property rights. Developing clear and transparent guidelines can create an enabling environment for digital exchange.
E-trade Platforms and Payments: Developed countries have installed success e-commerce systems and digital fee structures that facilitate secure and seamless transactions. Developing nations can learn from those platforms and expand their own e-trade platforms that cater to the unique needs and alternatives of their local markets. Additionally, developing efficient and dependable virtual payment structures can assist conquer limitations to online transactions.
Capacity Building and Skills Development: Developing international locations can decorate their virtual exchange by making an investment in capability building and talent improvement packages. This consists of training individuals and businesses on virtual literacy, e-trade techniques, online advertising, and purchaser engagement. By equipping their team of workers with the necessary virtual competencies, growing nations can participate greater correctly in the international virtual economy.
International Collaboration: Developing international locations can gain from participating with developed nations within the realm of digital change. This can contain information-sharing, technical assistance, and partnerships to foster innovation and deal with common challenges. Learning from the reviews of evolved countries and taking part in them can assist developing nations navigate the complexities of digital alternatives.
It is essential to be aware that while developing international locations can research from advanced international locations, they should also adapt strategies to their particular contexts and wishes. Embracing digital alternatives can provide growing countries with possibilities for an economic boom, task creation, and integration into the worldwide market.
To know more about digital trade,
https://brainly.com/question/30696591
#SPJ4
it is a full question
QUESTION 2 Professor Mohammed Ibrahim is a lecturer at the University of Professional Studies, Accra (UPSA). He is also a visiting lecturer at two universities in United States of America (USA). Durin
Professor Mohammed Ibrahim has an extensive background in business and economics. His areas of interest include macroeconomics, development economics, international trade, and finance. He is also an expert in monetary economics and public finance.
Professor Mohammed Ibrahim is a renowned lecturer at the University of Professional Studies, Accra (UPSA). He is a respected academician and an accomplished scholar with many accolades. He is not only limited to his position in UPSA, but also works as a visiting lecturer in two universities in the United States of America (USA).His work as a lecturer has earned him immense respect from his colleagues and students. He is known for his strong pedagogical skills and the ability to connect with his students. He has published several papers in reputed international journals and is an active participant in various academic conferences and seminars. This exposure has enabled him to gather a wealth of knowledge and experience, which he readily shares with his students.Professor Mohammed Ibrahim has an extensive background in business and economics. His areas of interest include macroeconomics, development economics, international trade, and finance. He is also an expert in monetary economics and public finance. He brings this vast knowledge to his classes and encourages his students to think critically about these subjects.His students appreciate his ability to break down complex concepts into easily digestible pieces. He also encourages them to research and read widely, which helps them to develop a deeper understanding of the subjects he teaches. This approach has helped his students excel in their studies and has also given them the skills and knowledge needed to succeed in the job market.The fact that he is also a visiting lecturer in two universities in the USA is a testament to his academic prowess. It is a rare achievement, and it speaks volumes about his expertise and reputation. His contributions to the academic community have earned him a well-deserved place among the great scholars of our time.In conclusion, Professor Mohammed Ibrahim is a highly respected academician who has made significant contributions to the field of economics. His students, colleagues, and the academic community hold him in high regard. His position as a visiting lecturer in two universities in the USA is a testament to his academic excellence, and it is an honor to have him as a member of the UPSA faculty.For more such questions on Professor Mohammed Ibrahim, click on:
https://brainly.com/question/32116520
#SPJ11
why is it important for an organization to have alignment between its strategy and structure?
Having alignment between an organization's strategy and structure is crucial for several reasons.
Firstly, alignment ensures that the structure of the organization supports the execution of its strategy. The strategy outlines the direction and goals of the organization, while the structure determines how tasks are organized, authority is distributed, and communication flows. When strategy and structure are aligned, the organizational design enables efficient and effective implementation of the strategy, ensuring that resources, processes, and people are optimized to achieve the desired outcomes.
Secondly, alignment enhances coordination and collaboration within the organization. A well-aligned structure allows different departments, teams, and individuals to work together seamlessly, sharing information, resources, and expertise to achieve common objectives. It promotes a cohesive and integrated approach to decision-making and problem-solving, leading to improved efficiency and innovation.
Thirdly, alignment supports flexibility and adaptability. In a rapidly changing business environment, organizations need to be agile and responsive to market dynamics. When strategy and structure are aligned, the organization can quickly realign resources, reconfigure processes, and adjust roles and responsibilities to adapt to new opportunities or challenges.
Overall, alignment between strategy and structure creates a clear and unified direction for the organization, promotes collaboration and coordination, and enhances its ability to navigate change and achieve its goals effectively.
know more about the organization's strategy.
https://brainly.com/question/28277327
#SPJ11
Why Cruise Lines Keep Cutting Their Ships in Half The economics of cruising are as fascinating as they are counterintuitive. By Fran Golden December 4, 2019, 5:00 AM EST A few weeks ago, John Delaney,
Cruise lines occasionally "cut" their ships in half, a process known as "ship lengthening" or "ship stretching." This practice involves adding a new mid-section to an existing ship, effectively increasing its length. This may seem counterintuitive, but it is done for several reasons:
1. Capacity Increase: By extending the ship's length, cruise lines can add more cabins, passenger amenities, and public spaces. This helps increase the ship's capacity, allowing for more passengers and potentially higher revenue.
2. Cost Efficiency: Building a new ship from scratch is a significant investment. By extending an existing ship, cruise lines can increase capacity and improve facilities at a lower cost compared to building an entirely new vessel.
3. Competitive Advantage: The cruise industry is highly competitive, and offering new and improved amenities is crucial for attracting passengers. Ship lengthening allows cruise lines to introduce additional features and amenities, enhancing the guest experience and giving them a competitive edge.
4. Environmental Considerations: In some cases, ship lengthening can be a more sustainable option compared to building new ships. By extending the lifespan of an existing vessel, cruise lines can reduce waste and minimize the environmental impact associated with constructing new ships.
While ship lengthening can be a complex and costly process, it offers cruise lines the opportunity to modernize their fleets, increase capacity, and stay competitive in the ever-growing cruise industry.
To know more about stretching visit-
brainly.com/question/14342093
#SPJ11
When government is trying to raise tax revenue, it sometimes attempts to target higher-income people because they are in a better position to bear the burden of a tax. However, it can be very difficult to earn tax revenue from wealthy people. Consider the progressive nature of the U.S. federal income tax system: It's designed so that higher incomes are taxed at higher tax rates. Thinking about the elasticity of labor supply, why might it be more difficult to collect tax revenue from a wealthy individual than from a poor person, all else equal
Answer: The labor supply curve for a wealthy individual is usually more elastic than a poor person's labor supply curve
Explanation:
Tax could be described as individuals paying a particular percentage of their income and whatever they use then pay to the government. The aim of the tax being collected is to generate funds internally which could be used in maintaining the economy.
Despite the government attempts to make tax be one-sided, it yields little or no result in favour of the poor as they end up being well tax as same as the rich. Those who are poor make use of services regularly, and most societies have them than those who are already established. The labor supply curve for a wealthy individual is usually more elastic than a poor person's labor supply curve. We would realize that we have more poor people in labour than those who are rich.
Ensign Landscape Design designs landscape plans and plants the material for clients. On April 1, there were three jobs in the process, Jobs 39, 40, and 41. During April, two more jobs were started, Jobs 42 and 43.
By April 30, Jobs 39 and 40 were completed and sold. Job #41 and Job #42 are complete but not sold and Job #43 is not completed yet.
Overhead: $789,000
Direct labor hours: 100,000
The following data were gatheredJob 39 Job 40 Job 41 Job 42 Job 43 Balance, April 1 $540 $3,400 $2,990 Direct materials 700 560 375 $3,500 $6,900 Direct labor 500 600 490 2,500 3,000 Overhead is applied at the rate of $32 per direct labor hour. Jobs are sold at cost plus 30%. Selling and administrative expenses for April totaled $4,575. (Round all amounts to the nearest dollar.) 2. Calculate the ending balance in Work in Process (as of April 30) and Cost of Goods Sold for April. 3. Construct an income statement for Ensign Landscape Design for the month of April .
2. The ending balance in Work in Process (as of April 30) can be calculated by summing up the costs incurred for Job 41, Job 42, and Job 43.
Ending balance in Work in Process = Cost of Job 41 + Cost of Job 42 + Cost of Job 43
The cost of each job can be calculated as follows:
Cost of Job = Direct materials + Direct labor + Overhead
For Job 41:
Cost of Job 41 = $375 + $490 + (Direct labor hours for Job 41 * Overhead rate)
For Job 42:
Cost of Job 42 = $3,500 + $2,500 + (Direct labor hours for Job 42 * Overhead rate)
For Job 43:
Cost of Job 43 = $6,900 + $3,000 + (Direct labor hours for Job 43 * Overhead rate)
Once the ending balance in Work in Process is calculated, Cost of Goods Sold for April can be determined by subtracting the ending balance from the sum of the costs of completed and sold jobs (Job 39 and Job 40).
Cost of Goods Sold = (Cost of Job 39 + Cost of Job 40) - Ending balance in Work in Process
3. The income statement for Ensign Landscape Design for the month of April can be constructed by considering the following components:
Revenue: The revenue is calculated as 130% (cost plus 30%) of the sum of the costs of completed and sold jobs (Job 39 and Job 40).
Revenue = 130% * (Cost of Job 39 + Cost of Job 40)
Cost of Goods Sold: This is the calculated Cost of Goods Sold from the previous step.
Gross Profit: Gross Profit is calculated as Revenue minus Cost of Goods Sold.
Gross Profit = Revenue - Cost of Goods Sold
Selling and Administrative Expenses: The given selling and administrative expenses for April totaled $4,575.
Net Profit: Net Profit is calculated as Gross Profit minus Selling and Administrative Expenses.
Net Profit = Gross Profit - Selling and Administrative Expenses
The income statement summarizes the financial performance of Ensign Landscape Design for the month of April by listing the revenue, cost of goods sold, gross profit, and net profit.
Learn more about profit here:
https://brainly.com/question/32381738
#SPJ11
6. Data mining includes many modifications of database contents. True False 7. A data warehouse may contain highly summarized data for a given period of time. True False 8. Supply Chain Management sys
Data mining includes many modifications of database contents. :Data mining is a process of identifying hidden patterns, useful information, and insightful knowledge from vast data stored in different databases. The process involves analyzing
large datasets to uncover trends and patterns, which are used to identify relationships, anomalies, and useful insights.Data mining involves several modifications of database contents, including cleaning, transforming, integration, selection, and reduction of data. These modifications help to organize the data in a way that makes it easier to analyze and uncover useful insights.7. The main answer is true; A data warehouse may contain highly summarized data for a given period of time
A data warehouse is a centralized repository of data from multiple sources used to support business intelligence activities such as data analysis, reporting, and decision-making. Data in a data warehouse is usually highly summarized and organized into different categories such as time, location, and subject matter.Data in a data warehouse is organized into data marts, which contain data that is highly summarized for a given period of time. The data marts may be designed to provide information on specific aspects of the business such as sales, inventory, or customer behavior. there is no clear indication of what is required. Please provide more information or clarity on what is needed to provide an accurate response.
To know more about involves Visit;
https://brainly.com/question/5774515
#SPJ11
On May 26, 2022, Robin Company sells a piece of its manufacturing equipment for $80,000 cash. Robin had initially purchased the equipment for $200,000 in a prior period. The company had recorded $140,000 in depreciation for this related to the sale. piece of equipment as of the date of sale. Robin Company will record a, a. $80,000 gain b. $20,000 gain c. $60,000 loss d. $120,000 loss
The company will record a $20,000 gain.
How will Robin Company record the gain or loss from the sale of its manufacturing equipment?When Robin Company sells the manufacturing equipment for $80,000 cash, the gain or loss on the sale needs to be determined. To calculate the gain or loss, we compare the selling price with the carrying amount of the equipment.
The carrying amount of the equipment is the original cost minus the accumulated depreciation. In this case, the equipment was initially purchased for $200,000, and $140,000 in depreciation has been recorded.
Carrying amount = Initial cost - Accumulated depreciation
Carrying amount = $200,000 - $140,000
Carrying amount = $60,000
Since the selling price of the equipment is $80,000, we compare this with the carrying amount to determine the gain or loss.
Selling price - Carrying amount = Gain/Loss
$80,000 - $60,000 = $20,000 gain
Learn more about equipment
brainly.com/question/28269605
#SPJ11
1. Equity Investments Co Ltd (EICL) is constituted under the Companies Act 1993. EICL has a registered constitution which provides, amongst other things, that it shall only carry on the business of investing in shares. The board of directors of EICL observes that commercial real estate (i.e. land) prices are rising in value faster than shares. It decides to purchase some commercial land from Charles Henry as an investment. Charles Henry happens to be the senior partner at the legal firm that EICL uses for advice. EICL and Charles Henry enter into a contract for the sale and purchase of the commercial property. After the contract is signed but before EICL had completed the purchase of the land the value of commercial property slumps severely. The board of directors of EICL realises that, because of the slump in the value of commercial property, its contract with Charles Henry has become loss making. Charles Henry has read EICL's constitution when providing legal services to the company, but has forgotten what it contains.
Required: Referring to relevant sections of the Companies Act 1993, advise the board of directors of EICL whether it must perform the contract.
The board of directors of EICL should seek legal advice to explore possible options or remedies, such as renegotiation, dispute resolution, or evaluating any available contractual clauses that may address such circumstances.
Under the Companies Act 1993, the board of directors of Equity Investments Co Ltd (EICL) is required to perform the contract for the purchase of commercial land from Charles Henry, even if the value of the property has slumped severely. The Act does not provide an exemption for a company to terminate a contract based on a subsequent decline in the value of the subject matter. Section 131 of the Companies Act 1993 states that a company's powers are not restricted or limited by the company's constitution.
Once a contract is legally entered into, both parties are generally bound by its terms, and subsequent events such as changes in market conditions or value do not provide grounds for termination, unless specified in the contract itself. Unless there are specific contractual provisions allowing for termination or a valid legal defense such as misrepresentation or breach of contract, EICL is obligated to fulfill its contractual obligations and complete the purchase of the commercial land from Charles Henry.
To know more about board of directors click here
brainly.com/question/14898210
#SPJ11
2 points Save Answer Ali, Basel and Ziad are sharing income and loss in a 4:3:2 ratio respectively and decided to liquidate their partnership. Prior to the final distribution of cash to the partners,
In the partnership liquidation, the partners will settle their financial obligations and distribute cash based on their profit-sharing ratio: Ali 4/9, Basel 3/9, and Ziad 2/9.
In the process of liquidating their partnership, Ali, Basel, and Ziad are required to settle their financial obligations and distribute the remaining cash. To ensure a fair distribution, the partners' capital accounts need to be adjusted according to their profit-sharing ratio. The first step is to calculate the total amount of cash available for distribution. Next, the partners' capital balances are adjusted by subtracting any losses or adding any gains realized during the liquidation process. Afterward, the remaining cash is distributed among the partners based on their profit-sharing ratio. The partners' capital accounts are then closed, and any remaining balance is transferred to their personal accounts. By following these steps, the partnership can conclude its operations and ensure an equitable distribution of assets among the partners.For more such questions on Liquidation:
https://brainly.com/question/30586352
#SPJ11
Two factories dump industrial waste into a stream. They can reduce their waste (abate), but it is costly. The Marginal Cost of Abatement (MCA) for factory 1 is 10 + 2A1, and for factory 2 is 5 + A2, where Ai is the amount of pollutants that have been abated. The municipal government has opted for a Cap and Trade policy. The cap effectively requires the firms to reduce total pollution by 30 units. Permits are issued to Firms 1 and 2 such that Firm 1 will have to abate by 10 units and Firm 2 will have to abate by 20 units.
a) If trade of permits is not allowed, what will be the costs of abatement to each firm?
b) If trade of permits is allowed, what will be the abatement and marginal cost levels for each firm?
c) What will the total cost of abatement be after trade of the permits?
d) If we assume that all permits are bought/sold at the marginal cost you found in part b), what will be the net abatement costs for each firm?
a) The abatement cost for Firm 1 is $30, and the abatement cost for Firm 2 is $25.
b) The new abatement for Firm 1 and Firm 2 are 0 and 10 respectively. The marginal cost are 10 and 15 respectively.
c) The total cost of abatement be after trade of the permits is $400.
d) The net abatement costs for each firm are $100 and -$100.
a) Without trade of permits, Firm 1 has to abate 10 units and Firm 2 has to abate 20 units. Plugging into the given marginal cost of abatement functions, we get:
For Firm 1: MCA1 = 10 + 2(10) = 30
For Firm 2: MCA2 = 5 + 20 = 25
b) With trade of permits, we can find the market price of a permit by looking at the marginal cost of abatement for each firm. Firm 1 has a higher marginal cost, so they will be willing to pay up to $30 for a permit. Firm 2 has a lower marginal cost, so they will be willing to accept any price greater than $5.
Suppose the permit price settles at $20. Firm 1 will buy 10 permits at a cost of $200, allowing them to decrease their abatement by 10. Firm 2 will sell 10 permits at a revenue of $200, requiring them to increase their abatement by 10. Firm 2 will then buy 10 permits at a cost of $200, reducing their abatement by 10. Firm 1 will sell 10 permits at a revenue of $200, allowing them to decrease their abatement by 10.
The new abatement levels are therefore:
For Firm 1: A1 = 0
For Firm 2: A2 = 10
The new marginal cost of abatement for each firm is:
For Firm 1: MCA1 = 10 + 2(0) = 10
For Firm 2: MCA2 = 5 + 10 = 15
c) The total abatement cost is the sum of the abatement cost for each firm, plus the cost of permits bought by Firm 1 minus the revenue of permits sold by Firm 2:
Total Abatement Cost = 30(10) + 20(10) - 20(10) = $400
d) If we assume that all permits are bought/sold at the marginal cost found in (b), then Firm 1 will have to pay $10 per unit of abatement (since they bought permits for $20 each and reduced abatement by 10 units). Firm 2 will receive $10 per unit of abatement (since they sold permits for $20 each and increased abatement by 10 units). So the net abatement costs are:
For Firm 1: $100
For Firm 2: -$100
Firm 1 incurs a net cost of $100 for abatement, while Firm 2 achieves a net revenue of $100 from abatement.
for more such questions on marginal
https://brainly.com/question/14867207
#SPJ8
As the Director of Marketing for the Destination Management Organization, you are required to explain in detail using real examples (other than the destination selected for your group project report), how the model of destination image formation affects the marketing of the destination. While doing so, make sure to explain the key differences between the impact of cognitive and affective image formation on destination image. Note that each aspect of the model should be supported by a relevant real example.
As the Director of Marketing for the Destination Management Organization, in my opinion, the model of destination image formation plays a crucial role in destination marketing. It helps shape the perceptions and expectations that potential visitors have about a destination, influencing their decision-making process.
Let's explore the key aspects of the model and how they impact destination marketing while using real examples.
1. Cognitive Image Formation:
Cognitive image formation refers to the rational and factual information that individuals gather about a destination. It includes factors such as landmarks, historical sites, infrastructure, and amenities. Marketing efforts targeting cognitive image formation often focus on promoting the unique features and attractions of a destination.Real Example: The city of Paris is known for its iconic landmarks like the Eiffel Tower, the Louvre Museum, and Notre Dame Cathedral. The destination marketing campaign for Paris emphasizes these landmarks and showcases their cultural significance. By highlighting these cognitive aspects, the campaign aims to create a positive and appealing image of the destination, attracting tourists.2. Affective Image Formation:
Affective image formation relates to the emotional and subjective perceptions individuals have about a destination. It encompasses aspects like aesthetics, atmosphere, and experiences. Marketing strategies targeting affective image formation aim to evoke positive emotions and create a desirable ambiance associated with the destination.Real Example: The Maldives is renowned for its pristine beaches, crystal-clear turquoise waters, and luxurious resorts. The destination's marketing efforts focus on creating a sense of relaxation, tranquility, and exclusivity. By showcasing images of idyllic beaches, private villas, and romantic sunsets, they aim to evoke positive emotions and portray the Maldives as a dream-like tropical paradise.Key Differences between Cognitive and Affective Image Formation:
Cognitive image formation is more focused on providing factual information and highlighting tangible aspects of a destination, whereas affective image formation aims to evoke emotions and create a subjective perception.Cognitive image formation is more related to rational decision-making, where visitors consider the destination's features and attributes. Affective image formation taps into the emotional side of decision-making, appealing to desires and aspirations.Cognitive image formation is often influenced by advertising, brochures, and information sources, while affective image formation can be shaped through personal experiences, word-of-mouth, and social media.By understanding and incorporating both cognitive and affective elements into destination marketing strategies, organizations can create a holistic and compelling image of the destination. This approach helps in attracting a wider range of visitors who are motivated by different aspects of their travel experience, leading to increased visitation and positive perceptions of the destination.
To learn more about Destination marketing, visit:
https://brainly.com/question/32592686
#SPJ11
The synchronize-and-stabilize model offers advantages over the older waterfall model, which is strictly sequential in nature. Identify 6 of these advantages.
Answer:
Pls I just need points
Explanation:
the tools used in financial statement analysis include: a. vertical analysis b. ratio analysis c. horizontal analysis d. all of the above
The tools used in financial statement analysis include vertical analysis, ratio analysis, and horizontal analysis. The answer to this question is d. all of the above. Financial statement analysis is the process of reviewing and evaluating a company's financial statements to make better business decisions.
By analyzing a company's financial statements, investors, analysts, creditors, and other stakeholders can determine its financial position and performance, which can help them make informed investment, lending, and management decisions.Vertical analysisVertical analysis is a financial analysis tool that compares a company's financial statements to a baseline. It helps to break down the financial statements into percentages and figures that are more easily understandable, making it possible to compare different components of a company's financial statements.
Ratio analysis Ratio analysis is another financial analysis tool that is used to evaluate a company's performance by comparing different components of its financial statements. It involves comparing financial ratios to industry benchmarks and historical trends to evaluate a company's financial position and performance.Horizontal analysisHorizontal analysis, also known as trend analysis, compares a company's financial statements over time to identify trends and changes. It is a useful tool for identifying areas where a company's financial performance has improved or deteriorated and can help to identify potential problems.
To know more about financial statement visit :
https://brainly.com/question/14951563
#SPJ11
do an investigation on china exports of solar pv to african countries
a) explore on solar pv markert in african countries
b expolre aslo on solar pv products example solar batteries , solar lamp , photovelic batteries
Investigation on china exports of solar pv to african countries
China has had an enormous impact on the growth of solar power throughout the African continent, which has emerged as one of the world's fastest-growing solar markets. Many African countries are currently in the process of expanding their renewable energy capacities, and China has been one of the most significant contributors to these developments. In the years between 2014 and 2018, China's exports of solar PV to Africa grew at a compound annual growth rate of approximately 30%, reaching 5.1 GW in 2018. According to a report by the International Energy Agency (IEA), around 60% of the solar panels in Africa have been produced by Chinese companies, and China is responsible for about 30% of the PV installed capacity in the continent.
China is a leading supplier of solar PV products, and African countries have come to depend on China as a source of affordable solar products. These solar PV products include solar batteries, solar lamps, and photovoltaic batteries. A photovoltaic battery, also known as a solar battery, is a battery that stores electricity produced by a photovoltaic array, typically made up of solar cells. China's solar PV exports have contributed to the growth of the solar market in many African countries, including Egypt, South Africa, and Morocco. In these countries, solar power is being used to expand access to electricity in rural and remote areas, and to reduce reliance on fossil fuels for electricity generation.
To know more about china exports refer here:
brainly.com/question/9493663#
#SPJ11
Which of the following statements is NOT true?
a. Quality cost is the cost incurred to prevent defects or that results from defects in products.
b. Opportunity costs should be considered when making decisions.
c. Quality training is a common example of internal failure costs.
d. Differential costs are the difference in cost between any two alternatives.
e. Differential costs can be either fixed or variable costs.
The statement that is NOT true is: c. Quality training is a common example of internal failure costs.
Quality training is not an example of internal failure costs. Internal failure costs refer to costs incurred as a result of detecting and correcting defects before the product is delivered to the customer. Examples of internal failure costs include rework, scrap, and the cost of investigating and resolving customer complaints. On the other hand, quality training is a proactive measure aimed at preventing defects and improving product quality. It falls under the category of prevention costs, which are incurred to prevent defects from occurring in the first place.
Therefore, option c is the statement that is NOT true.
Learn more about Quality training
https://brainly.com/question/29696631
#SPJ4
XYZ, Inc. plans to sell 500 IPhones during the month of December. You currently have 25 units in stock and want to keep 75 units in your inventory. How many units will he have to make in December?
575 units
400 units
600 units
550 units
The number of units that XYZ, Inc. will have to make in December is 550 units.However, XYZ, Inc. has plans to sell 500 IPhones in December and currently has 25 units in stock.
The company wants to keep 75 units in its inventory, so it needs to calculate how many units it will need to manufacture to meet its sales target.To find the number of units it needs to manufacture, subtract the number of units already in stock and the desired inventory level from the planned sales quantity. Hence, the calculation is as follows:Planned Sales Quantity - Existing Stock - Desired Inventory Level = Required Production Quantity 500 - 25 - 75 = 400
Therefore, XYZ, Inc. will have to manufacture 400 units in December to meet its sales target, keeping 75 units in inventory and starting with 25 units in stock, resulting in a total of 550 units.
To know more about Inventory visit-
https://brainly.com/question/31146932
#SPJ11
[This is a variation of E 5-19 focusing on the revenue recognition upon project completion.] On February 1, 2018, Arrow Construction Company entered into a three-year construction contract to build a bridge for a price of $8,000,000. During 2018, costs of $2,000,000 were incurred, with estimated costs of $4,000,000 yet to be incurred. Billings of $2,500,000 were sent, and cash collected was $2,250,000. In 2019, costs incurred were $2,500,000 with remaining costs estimated to be $3,600,000. 2019 billings were $2,750,000, and $2,475,000 cash was collected. The project was completed in 2020 after additional costs of $3,800,000 were incurred. The company's fiscal year-end is December 31. This project does not qualify for reve- nue recognition over time. Required: 1. Calculate the amount of gross profit or loss to be recognized in each of the three years. 2. Prepare journal entries for 2018 and 2019 to record the transactions described (credit "various accounts" for construction costs incurred). 3. Prepare a partial balance sheet to show the presentation of the project as of December 31, 2018 and 2019. Indicate whether any of the amounts shown are contract assets or contract liabilities.
1. Gross Profit or Loss for Each of the Three Years The given contract doesn't qualify for revenue recognition over time. Hence, the percentage of completion method will be used for revenue recognition. Gross profit or loss = Total Revenue − Total Expenses Year 1:Gross Profit = Total revenue – Total expenses Gross Profit = 2,500,000 − 2,000,000Gross Profit = $500,000Year 2:Total revenue = Billings Year 2 = $2,750,000Total expenses = Cost incurred Year 1 + .
Estimated cost to complete Year 2Total expenses = 2,000,000 + 4,000,000Total expenses = $6,000,000Gross Loss = Total revenue – Total expenses Gross Loss = 2,750,000 − 6,000,000Gross Loss = $(3,250,000)Year 3:Total revenue = Billings Year 3 = Contract price − Billings Year 1 − Billings Year 2Total revenue = $8,000,000 − 2,500,000 − 2,750,000Total revenue = $2,750,000Total expenses = Cost incurred Year 1 + Cost incurred Year 2 + Cost incurred Year 3Total expenses = 2,000,000 + 2,500,000 + 3,800,000Total expenses = $8,300,000Gross Loss = Total revenue – Total expenses Gross Loss = 2,750,000 − 8,300,000Gross Loss = $(5,550,000)2. Journal Entries for 2018 and 2019Year 1:Construction in Progress (Various accounts) = $2,000,000Accounts Payable (Various accounts) = $2,000,000To record cost incurred for construction Year 2:Construction in Progress (Various accounts) = $2,500,000Accounts Payable (Various accounts) = $2,500,000To record cost incurred for construction3. Presentation of Project and Contract Assets/Liabilities as of December 31, 2018 and 2019December 31, 2018December 31, 2019Note:Contract Asset = Costs and profit in excess of billings.Contract Liability = Billings in excess of costs and profit
For such more question on revenue
https://brainly.com/question/16232387
#SPJ11
Allocating to solve a timing problem LO 12-3 Solomon Air is a large airline company that pays a customer relations representative $11,700 per month. The representative, who processed 1,090 customer complaints in January and 1,430 complaints in February, is expected to process 23,400 customer complaints during the year. Required a. Determine the total cost of processing customer complaints in January and in February.
The total cost of processing customer complaints in January and February is $11,706.20 and $11,706.00, respectively.
Solomon Air is a large airline company that pays a customer relations representative $11,700 per month.
The representative, who processed 1,090 customer complaints in January and 1,430 complaints in February, is expected to process 23,400 customer complaints during the year.
The required solution to determine the total cost of processing customer complaints in January and in February is shown below: Solution Given that,
Salary of representative = $11,700 per monthNo of customer complaints processed in January = 1,090No of customer complaints processed in February = 1,430Annual expected complaints to be processed = 23,400We can solve the problem using the High-low method which is also known as the cost-volume-profit analysis.
In this method, we need to calculate the variable cost and fixed cost of the customer relation department.
We know, Total cost (TC) = Total fixed cost (TFC) + Total variable cost (TVC)The cost of customer relations department in January and February can be calculated by using the following formula:
Total Cost = Fixed Cost + (Variable Rate × Units)Let us calculate the variable rate per unit:Variable rate per unit = Change in total cost / Change in total units= ($11,700 - $11,700) / (1,430 - 1,090)= $0.34 per unitThe fixed cost of the department can be calculated by using the following formula:
Fixed cost (TFC) = Total cost (TC) - Total variable cost (TVC)
For January:
Total cost = Fixed cost + Variable cost= TFC + (1,090 × $0.34)= TFC + $370.60For February:
Total cost = Fixed cost + Variable cost= TFC + (1,430 × $0.34)= TFC + $486.20As both Total cost and Variable cost changed, the cost change between January and February is due to fixed costs only.
Therefore, Fixed cost (TFC) = Total cost (TC) - Total variable cost (TVC)
For January, TFC = $11,700 - (1,090 × $0.34) = $11,335.60For February, TFC = $11,700 - (1,430 × $0.34) = $11,219.80Therefore,
The total cost of processing customer complaints in January = TFC + TVC= $11,335.60 + $370.60= $11,706.20The total cost of processing customer complaints in February = TFC + TVC= $11,219.80 + $486.20= $11,706.00Therefore, the total cost of processing customer complaints in January and February is $11,706.20 and $11,706.00, respectively.
Learn more about The total cost; brainly.com/question/25109150
#SPJ11
In the Output-Exchange rate space, an AA schedule has been drawn. Note: 'E' = .
How will the AA schedule be affected if the domestic price level falls ?
Using the line drawing tool, draw a new AA schedule similar in shape to the original and label it 'AA2.' Carefully follow the instructions above and only draw the required object.
The AA (Asset-Asset) schedule represents the relationship between output (Y) and the exchange rate (E) in the output-exchange rate space. If the domestic price level falls, it implies a decrease in the domestic price level relative to foreign prices, leading to an appreciation of the domestic currency.
In response to the fall in the domestic price level and the appreciation of the domestic currency, the AA schedule will shift to the right. This shift occurs because the higher exchange rate increases the attractiveness of domestic assets to foreign investors, resulting in an increase in the demand for domestic currency and an expansion of the AA schedule.
To draw the new AA2 schedule, shift the original AA schedule to the right, indicating the increased output level at each exchange rate. The new AA2 schedule should have a similar shape to the original AA schedule but with higher output levels across different exchange rates.
Learn more about higher exchange rate
https://brainly.com/question/28177699
#SPJ4