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3 years ago

9

Josh, an electronics retailer, noticed that the e-commerce business was booming. He started an online shopping website to take a

dvantage of this surge in business. As a result, his business attracted more customers from all across the country. This reflects Josh's:

1 answer:

likoan [24]3 years ago

5 0

Answer:

Entrepreneurial alertness.

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If the minimum wage is set above the equilibrium wage, then Group of answer choices more people will work than at the equilibriu

netineya [11]

Answer:

there will be fewer labor hours purchased by employers than at the equilibrium wage. none of the above

Explanation:

Equilibrium in economics means balance. Equilibrium wage rate refers to the market wage rate where the quantity of labor supplied matches the labor demanded. It is the wage rate that employers are willing to pay, and workers are ready to accept each hour of labor. The equilibrium wage represents the intersection of labor demand and supply curves.

If the wage is set above the equilibrium rate, it will force employers to pay more than they are willing. Employers will be paying more to workers than the value they are receiving. The hiring of many workers will be uneconomical. Employers will hire fewer workers to keep their costs down.

7 0

3 years ago

In October, Pine Company reports 21,000 actual direct labor hours, and it incurs $118,000 of manufacturing overhead costs. Stand

Vlada [557]

Answer: $5,600 Favorable

Explanation:

Total Overhead Variance is a method of measuring if the company is spending more than it is supposed to on overhead. It checks this by computing the difference between the Actual Overhead spent and the Budgeted/ Standard Overhead that it was supposed to spend.

If the Actual Overhead is more than the Standard Overhead the Variance is Negative, if the reverse is true then the Variance is Positive.

The formula for the Variance given the details in the question is,

Total Overhead Variance = Standard total Overhead - Actual Overhead

= (Standard hours * Pre-determined Overhead rate) - Actual Hours

= ( 20,600 * 6) - 118,000

= 123,600 - 118,000

= $5,600

The Standard Total Overhead is more than the Actual Total Overhead so the Variance is Positive as Pine Company spent less than it thought it would.

3 0

3 years ago

Buffalo Corporation issues $630,000 of 9% bonds, due in 11 years, with interest payable semiannually. At the time of issue, the

katen-ka-za [31]

Answer:

the issue price of the bonds is $593,177

Explanation:

The computation of the issue price of the bonds is shown below:

Particulars Amount PV factorat 5% Present value

Semi-annual interest $28,350 11.68959 $331,400

Principal $630,000 0.41552 $261,778

Total $593,177

hence, the issue price of the bonds is $593,177

6 0

3 years ago

Cullumber, Inc., has outstanding bonds that will mature in six years and pay an 8 percent coupon semiannually. If you paid $1,03

Sedbober [7]

Answer:

The worth of the bond is $1068.44

Explanation:

Solution

Given that

Supposed that the face of the bond is $1000

Thus

The semiannual coupon payment = 1000*8%*6/12

= 40 (semiannual period in a year comprising of 6 months each)

Then

Semiannual periods = 6 years *2

=12

The semiannual yield = 6.6*6/12

= 3.3%

So,

The present value of bond = (PVA3.3%,12*semiannual coupon payment) + (PVF3.3%,12*Face value)

=(9.77808*40) + (.67732*1000)

=391.12+ 677.32

=$1068.44

The worth of the bond is $1068.44

nnote: Find present value factor using the formula 1/(1+i)^n

(Where i = 3.3%, n= 12 ) or using financial calculator by putting i = 3.3%,n=12 and FV= 1

Also, Find present value annuity factor using the formula [1/(1+i)^1 +1/(1+i)^2 +......+(1+i)^11+1/(1+i)^12 ] or using financial calculator where i = 3.3%,n= 12 and PMT =1

6 0

3 years ago

AAA's inventory turnover ratio is 20.00 based on sales of $28,400,000. The firm's current ratio equals 4.16 with current liabili

marissa [1.9K]

Answer:

= 17.15 days (approx)

Explanation:

Given:

inventory turnover ratio = 20

Current ratio = 4.16

Current liabilities = $820,000.

Cash and Marketable securities = $657,096

Net sales = $28,400,000

Per day sale = ?

Calculation:

Current ratio = Current assets / current Liabilities

4.16 = Current assets / $820,000

4.16 x $820,000 = Current assets

$3,411,200 = Current assets

Inventory turnover ratio = Net sales / Average Inventory

20 = $28,400,000 / Inventory

$28,400,000 / 20 = Inventory

$1,420,000 = Inventory

Average Receivable = current assets - Cash and Marketable securities -Inventories

= $3,411,200 - $657,096 - $1,420,000

Average Receivable = $1,334,104

Outstanding daily sales = (Average receivables / Net sales )Number of days in a year

= $1,334,104 / $28,400,000)365

= 17.15 days (approx)

4 0

3 years ago