Correct answers will get extra!!! Points

You volunteer to participate in a game in which you are told that you and another participant, whom you will never meet but is p

Juliette [100K]

Friend or Foe game
See "Game Theory" for more info

3 0

2 years ago

Bay City Companyâ€™s fixed budget performance report for July follows. The $440,000 budgeted total expenses include $300,000 var

vredina [299]

Answer:

Bay City Company

Flexible Budget Performance Report:

Flexible Budget Actual Results Variances

Sales (in units) 4,900 4,900

Sales (in dollars) $392,000 $431,200 $39,200 F

Total expenses:

Variable expenses 245,000 276,000 31,200 U

Fixed expenses 140,000 130,000 10,000 F

Total expenses 385,000 406,000 21,200 U

Income from operations $7,000 $25,200 $18,200 U

Explanation:

a) Data and Calculations:

Variable expenses = $300,000

Fixed expenses = $140,000

Budgeted total expenses = $440,000

Actual expenses:

Fixed expenses = $130,000

Fixed Budget Actual Results Variances

Sales (in units) 6,000 4,900

Sales (in dollars) $480,000 $431,200 $48,800 U

Total expenses 440,000 406,000 34,000 F

Income from operations $40,000 $25,200 $14,800 U

Flexing the budgets:

Sales revenue = $392,000 ($480,000/6,000 * 4,900)

Variable expenses = $245,000 ($300,000/6,000 * $4,900)

Actual variable expenses = $276,000 ($406,000 - $130,000)

6 0

2 years ago

A ________ transaction in the foreign exchange market requires delivery of foreign exchange at some future date.

sweet-ann [11.9K]

A Forward transaction in the foreign exchange market requires delivery of foreign exchange at some future date.

A forward contract, or simply a forward, is a sort of derivative instrument in finance. It is a non-standard contract between two parties to buy or sell an asset at a specific future time at a price agreed upon at the time of the contract's conclusion.

A forward transaction is when two people or other entities bind themselves to carry out a trade in the future rather than right now. Futures deals differ from spot trading due to the timing of the transactions.

Learn more about Forward transaction here

brainly.com/question/1518204

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8 0

2 years ago

At Lequals86, Kequals90, the marginal product of labor is 8 and the marginal product of capital is 2. What is the marginal rat

Sidana [21]

Answer:

0.25

Explanation:

The marginal rate of technical substitution (MRTS) can be described as the rate of a reduction is one factor to maintain the same production level when another factor is increased.

Given that labor is measured on the horizontal axis, the MRST of K for L can be calculated as follows:

$MRST_{KL} = \frac{MP_{K} }{MP_{L} }$

Where;

MPK = Marginal product of capital = 2

MPL = Marginal product of labor = 8

Substituting the values into the equation, we have:

$MRST_{KL} = \frac{2}{8} =\frac{1}{4} = 0.25$

This implies that 0.25 of capital must be given up to have one unit of labor.

3 0

2 years ago

Three individuals form Skylark Corporation with the following contributions: Cliff, cash of $50,000 for 50 shares; Brad, land wo

erastova [34]

Answer:

C. Ron’s basis in his stock is $27,000

Explanation:

Income recognized on services rendered $21,000

Add basis of $6,000

Ron stock basis $27,000

The property contributed by Ron is not considered insignificant compared to the value of the services he has rendered, which is why the entire contribution is counted as being for property.

Hence, the control requirement is satisfied and a valid § 351 transaction results. Ron’s stock basis is $27,000 [$6,000 (basis of cattle transferred) + $21,000 (income recognized on services rendered)]

4 0

3 years ago