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2 years ago

If the efficient market hypothesis is true, price changes are independent and biased. Group of answer choices

Business

1 answer:

Yuri [45]2 years ago

5 0

Answer:

Price changes are independent but not biased in efficient market hypothesis.

Explanation:

In simple words, the efficient-market hypothesis asserts that asset prices represent all relevant knowledge. Because market rates must only respond to fresh knowledge it is difficult to continuously "beat the market" on something like a risk-adjusted approach.

Thus the given statement is partially true.

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In Mordica Company, total materials costs are $35,500, and total conversion costs are $54,000. Equivalent units of production ar

MrMuchimi

Explanation:

The computation is shown below:

Material Cost per unit = Total Material Cost ÷ Equivalent units of production

= $35,500 ÷ 10,000 units

= $3.55

Conversion Cost per unit = Total conversion cost ÷ Equivalent units of production

= $54,000 ÷ 12,000 units

= $4.5

Total Manufacturing cost per unit = Material cost per unit + conversion cost per unit

= 3.55 + 4.5

= $8.05

6 0

3 years ago

Suppose our firm produces chartered business flights with capital (planes) and labor (pilots) in fixed proportion (i.e., one

GREYUIT [131]

Answer:

A. follow the 45-degree line from the origin

Explanation:

In order to diversify the business that means the output level should be increased we need to rise the input i.e. no of planes and pilots

Now if we increase the no of planes by 1 so here the no of pilots should also be increased by 1 units

So the expansion path equation is y = x

Therefore the option a is correct

5 0

3 years ago

The catering manager of lavista hotel, lisa ferguson, is disturbed by the amount of silverware she is losing every week. last

Finger [1]

Answer:

A.16,971 pieces

B.$530.34

C.$530.32

Explanation:

EOQ = √2∗A∗B÷C

EOQ = Economic Order Quantity

A = Annual Demand

B = Buying Cost

C = Carrying Cost per unit per year

Hence:

A = 45,000 pieces

B = $200 per order

C = $1.25 * 5% per unit per year

= $0.0625

EOQ = √2∗45,000∗$200 ÷ $0.0625

= 16,970.56 approximately 16,971 pieces

Annual Holding Cost = Average Inventory * Holding Cost per unit per year

Average Inventory = EOQ÷2

Using the formula

Annual Holding Cost = 16,971 ÷2 ∗$0.0625

Annual Holding Cost =8,485.5×$0.0625

Annual Holding Cost = $530.34

Annual Ordering Cost = Ordering Cost Per order * No. of Orders

No. of Orders = Annual Demand÷EOQ

Annual Ordering Cost = $200∗45,000÷ 16,971

Annual Ordering Cost =$9,000,000÷16,971

Annual Ordering Cost = $530.32

4 0

3 years ago

You have the following information for Crane Company for the month ended October 31, 2022. Crane uses a periodic method for inve

Mazyrski [523]

Answer:

Crane Company

1. Weighted average cost per unit = $25.032

2. (1) LIFO (2) FIFO (3) Average-cost

Ending inventory $1,580 $1,940 $1,752

Cost of goods sold 6,180 5,820 6,008

Sales revenue $9,150 $9,150 $9,150

Gross profit 2,970 3,330 3,142

Gross profit rate 32.5% 36.4% 34.3%

Explanation:

a) Data and Calculations:

Date Description Units Unit Cost or Selling Price Total

Oct. 1 Beginning inventory 50 $22 $1,100

Oct. 9 Purchase 110 24 2,640

Oct. 11 Sale (90) $35 $3,150

Oct. 17 Purchase 90 26 2,340

Oct. 22 Sale (50) 40 2,000

Oct. 25 Purchase 60 28 1,680

Oct. 29 Sale (100) 40 4,000

Total 310 (240) = 70 $7,760 $9,150

Weighted average cost per unit = $25.032

LIFO:

Ending inventory

= (50 * $22) + (20 * $24)

= $1,100 + $480

= $1,580

Cost of goods sold = $7,760 - $1,580 = $6,180

FIFO:l

Ending inventory:

= (60 * $28) + (10 * $26)

= $1,680 + $260 = $1,940

Cost of goods sold = $7,760 - $1,940 = $5,820

Weighted-average costs:

Ending inventory = 70 * $25.032 = $1,752

Cost of goods sold = $7,760 = $1,752 = $6,008

6 0

3 years ago

The master budget of Marigold Corp. shows that the planned activity level for next year is expected to be 50000 machine hours. A

Reptile [31]

Answer:

The correct answer is A.

Explanation:

First, we need to separate the fixed costs and calculate the unitary variable costs:

Fixed costs:

Depreciation on factory building= 70,000

Total unitary varaible cost:

Total cost= 800,000 + 250,000 + 250,000= $1,300,000

Unitary cost per hour= 1,300,000 / 50,000= $26

Now, the total cost for 60,000 hours:

Total cost= 26*60,000 + 70,000

Total cost= $1,630,000

7 0

3 years ago