What is a good way to find a business idea that'll

Do you think leaders are arthur those who should receive perfect obedience

Reptile [31]

<span>No, leaders should not receive perfect obedience. Leaders should constantly have to earn the trust and respect of the people that follow them. A good leader is not afraid to have their ideas challenged. Once a leader has established trust and confidence, followers will choose to follow.</span>

6 0

3 years ago

Oriole Company issued $476,000 of 10-year bonds at a discount. Prior to maturity, when the carrying value of the bonds was $454,

Anna35 [415]

Answer:

Date Account and Explanation Debit Credit

Bonds payable $476,000

Loss on bond redemption $7,140

(461,720 - 454,580)

Cash $461,720

(476,000 * 0.97)

Discount on bonds payable $21,420

(476,000 - 454,580)

<em>(To record redemption of the bonds)</em>

6 0

3 years ago

A monopolist is maximizing profit at an output rate of 1,000 units per month. At this output rate, the price that its customers

anygoal [31]

Answer:

B) $6 per unit, and the monopolist earns economic profits of $3,000 per month

Explanation:

The monopolistic market maximize their profit at the point on which marginal cost = marginal revenue.

If this is the maximizing profit point, and marginal cost is 6, then marginal revenue will be $6

The profit will be the difference between total revenue and total cost:

consumers pay up to 8 per units and the output is 1,000 units

8 x 1,000 = 8,000 total revenue

Then, average cost is $5 so we multiply this by the unit output to calculate the total cost.

5 x 1,000 = 5,000 total cost

last step, revenue - total cost

8,000 - 5,000 = 3,000

3 0

4 years ago

Suppose that you are a student worker in the statistics department and they agree to pay you using the random pay system. Each w

artcher [175]

Answer:

The probability of getting paid more than $6500 in 100 weeks is 0.6%

Explanation:

In this problem, we need to define a probabilty distribution for the money earned.

The 100-week payoff can be expressed as

$PO=40*L+80*H=40*(100-H)+80*H=4000+40H$

Being L the numbers of weeks we have low pay and H the weeks we have high pay.

Now, as it is a coin flip, H is a binomial random variable with p=0.5 and n=100

For a total pay off of more than 6500, H has to be

$6500=4000+40H\\\\H=2500/40=62.5$

That means that in at least 63 of the 100 weeks we have to get a high pay.

$P(H\geq 63)=1-\sum_{i=1}^{62} P(X_i)$

If we compute the individual probabilities we get P(H≥63)=0.006 or 0.6%.

8 0

4 years ago

Samson Company reported total manufacturing costs of $320,000, manufacturing overhead totaling $52,000, and direct materials use

Bingel [31]

Answer:

Direct labor cost is $204,000

Explanation:

Total manufacturing costs $320,000

Manufacturing overhead $52,000

Direct materials used $64,000

How much is direct labor cost ?

Total Manufacturing is all the cost used to manufacture a product by the company. It included all direct and indirect expenses incurred during the period for manufacturing a product.

Use following formula to calculate the Direct labor cost:

Manufacturing cost = Direct Expenses + Manufacturing Overhead

Manufacturing cost = ( Direct Material Expense + Direct labor Expense) + Manufacturing Overhead

$320,000 = ( $64,000 + Direct labor Expense) + $52,000

$320,000 = $64,000 + Direct labor Expense + $52,000

$320,000 = $116,000 + Direct labor Expense

Direct labor Expense = $320,000 - $116,000

Direct labor Expense = $204,000

6 0

4 years ago