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vfiekz [6]
2 years ago
15

Brian and Debbie must prepare a presentation for their Statistics class. As part of their presentation, they must do a series of

calculations and prepare 50 PowerPoint slides. It would take Brian 10 hours to do the required calculation and 10 hours to prepare the slides. It would take Debbie 12 hours to do the calculations and 20 hours to prepare the slides Remember to discuss your results.
a. How much time would it take the two to complete the project if they divide the calculations equally and the slides equally? Briefly discuss.
b. How much time would it take the two to complete the project if they use comparative advantage and specialize in calculating or preparing slides? Briefly discuss
c. If Brian and Debbie have the same opportunity cost of $5 per hour, is there a better solution than for each to specialize in calculating or preparing slides? Briefly discuss
Business
1 answer:
andrey2020 [161]2 years ago
6 0

Answer:

a. How much time would it take the two to complete the project if they divide the calculations equally and the slides equally? Briefly discuss.

Brian: 5 hours for PowerPoint and 5 hours for the calculations, total 10 hours.

Debbie: 10 hours for PowerPoint and 6 hours for the calculations, total 16 hours.

In total they would spend 26 hours combined.

If they divide the work equally, they will spend too much time.

b. How much time would it take the two to complete the project if they use comparative advantage and specialize in calculating or preparing slides? Briefly discuss

Brian will spend 10 hours doing PowerPoint slides and Debbie will spend 12 hours doping calculations. Total time spent 22 hours. By specializing they will save 4 hours.

c. If Brian and Debbie have the same opportunity cost of $5 per hour, is there a better solution than for each to specialize in calculating or preparing slides? Briefly discuss

Yes, Debbie could pay $50 to Brian so that he does everything in 20 hours. That way they can save 2 more hours.

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What is the best reason for homebuyers to create a budget before taking out a mortgage?
Pavlova-9 [17]

Answer:

B. planning on selling their homes before the term of the loan ends.

Explanation:

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4 0
3 years ago
A company purchased a delivery van for $23,000 with a salvage value of $3,000 on September 1, 2008. It has an estimated useful l
Maksim231197 [3]

Answer:

B

Explanation:

The value to depreciate is always the total asset value minus the salvage value. In this case, $23,000-$3000=$20,000. The straight line method formula is:

Depreciation  = value to depreciate/useful years

Depreciation (year) = $20,000/5= $4,000

This formula calculates de depreciation expense each year from the purchase date, which means that on septemeber 1 of 2009 the company will register a depreciation expense of $4,000. But, from september 1,2008 to  December 31, 2008 is less than a year we have to calculate the depreciation for each month.

Depreciation (month)= $4,000/12= $333,33

But since that depreciation would be for december 1, we need to calculate the depreciation for each day

Depreciation (day) = $333,33/31 = $10,75

From september 1 to december 1: 3 months, then $333,333 x 3= $1000

And from december 1 to december 31: 30 days, then $10,75 x 30= $322, 58

The depreciation expense on December 31 is: $1000+$322,= $1322,58 that is almost $1,333. On January 1 the depreciation expense would be $1,333.

5 0
3 years ago
Haas Company manufactures and sells one product. The following information pertains to each of the company’s first three years o
Gre4nikov [31]

<u>Solution and Explanation:</u>

1 Breakeven point = Fixed cost/contribution per unit  

480000+360000 /(57-43)= 60000 Units

2. a  

                                                year 1        year 2           year 3

unit product cost                               41                    41                      41  

Direct material                              25  

Direct Labour                                       12  

Variable manufactoring overhead 4  

Variable costing unit product cost 41  

2. b <u> Variable expenses</u>    

Variable cost of goods sold      24,60,000        30,75,000      16,40,000  

Variable selling and administrative  1,20,000   1,50,000        80,000  

Total variable expenses         25,80,000   32,25,000        17,20,000  

Contributon margin                  8,40,000 -3,75,000 19,85,000  

Fixed expenses    

Fixed manufactoring overhead  4,80,000       4,80,000       4,80,000  

Fixed selling and administrative 3,60,000      3,60,000       3,60,000

Total Fixed Expenses                 8,40,000       8,40,000       8,40,000  

Net operating income                                       -12,15,000  11,45,000 Note                                            Year 1            year 2            year 3

Unit sold                                               60000      50000          65000  

Unit price                                         57                   57                  57  Sales                                            3420000 2850000 3705000  

Variable cost of goods sold    

Unit                                                          60000     75000         40000  

Unit cost                                                          41              41    41  

Total                                              2460000 3075000 1640000  Variable selling and administrative    

Unit                                                               60000 75000 40000  

Unit cost                                                                   2      2                2  Total                                                          120000 150000 80000

3      

a unit product cost                    year 1 year 2 year 3  

         Direct material                                           25              25      25  

Direct Labour                                                      12       12     12  

Variable manufactoring overhead              4                 4        4  

Fixed manufactoring over head                       8          6.4        12  

Variable costing unit product cost                  49           47.4 53  

Note    

Fixed manufactoring over head    

480000 divided by 60000                                       8.00    

480000 divided by75000                                       6.40    

480000 divided by 40000                                     12.00    

<u>b Hass company</u>    

Absorbtion costing income statement    

          Year 1                         year 2             year 3

Sales                            34,20,000        28,50,000        37,05,000  Cost of goods sold      29,40,000        23,70,000        33,05,000  Gross margin                      4,80,000           4,80,000           4,00,000  selling and admin exp       4,80,000           4,60,000           4,90,000  Net operating income               -                20,000             -90,000  Note    

Cost of goods sold    

Year 1 60000 multiply with 49 = 2940000  

Year 2 50000 multiply with47.4=  2370000  

Year 3 25000 * 47.4+40000 * 53=  3305000  

selling and administrative expenses    

Year 1 60000 * 2+360000 = 480000  

Year 2 50000 * 2+360000 = 460000  

Year 3 65000 * 2+360000 = 490000  

     

     

4 0
2 years ago
Under the constant-money-growth-rate rule, the annual money supply will be constant at the average annual growth rate of:_______
tiny-mole [99]

Answer:

real GDP

Explanation:

The above rule was proposed by Milton Friedman that the money supplied by the central bank be increased by constant percentage on annual basis. In other words, constant money growth rate rule suggested money supply growth rate be equal to GDP growth rate annually.

According to Friedman, monetary policy contributes to fluctuation in an economy. He suggested that the best way to stabilize a fluctuating economy is to allow the central bank increase money supply in the long run by a targeted amount annually irrespective of the situation of the economy.

6 0
3 years ago
A purposeful systematic process for collecting information on the important work related aspects of a job is called job descript
makvit [3.9K]

Answer:

F

Explanation:

7 0
3 years ago
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