Answer:
b. Stocks that outperform the index in March always underperform it in April.
d. Stocks that outperform the index in March always outperform it in April.
Explanation:
The Efficient market hypothesis states that in an efficient market, all the available information in the market are reflected in the prices of the stocks being traded. As such, all stock are fairly priced.
Stocks that perform in a certain way in March and then in another way in April are violations of the hypothesis. This is because if indeed the market was efficient, the prices would adjust to reflect the different performances by month such that there would be no more fluctuations.
Based on the given description, Tina’s services fall into the category of possession processing services.
Possession processing service is defined as providing a service to goods or other physical possessions that the customer owns.
Thus, because Tina provides a service to people’s garden, her service falls into this category. Other examples for possession processing service include shoe cleaning service, plumbing, and housekeeping.
Answer:
$22.5 per unit
Explanation:
Given that,
When 15,000 units produced,
Company has fixed costs per unit = $18 per unit
Company has variable cost per unit = $9 per unit
Therefore,
Total fixed cost at 15,000 units:
= 15,000 units × $18 per unit
= $270,000
Per unit Fixed cost at 12,000 units:
= Total fixed cost ÷ 12,000 units
= $270,000 ÷ 12,000 units
= $22.5 per unit
To find the fixed costs per unit when 12,000 units are produced, divide the total fixed costs by the number of units produced at that level.
To find the fixed costs per unit when 12,000 units are produced, we first need to calculate the total fixed costs at 15,000 units and then divide it by 15,000 to find the fixed cost per unit at that level of production. Given that the fixed costs are $18 per unit at 15,000 units, the total fixed costs at that level would be 15,000 units multiplied by $18, which equals $270,000. To find the fixed costs per unit at 12,000 units, we divide the total fixed costs of $270,000 by 12,000 units, resulting in a fixed cost per unit of $22.50.
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B. Manager salaries.
C. Insurance.
D. Direct materials.
E. Straight-line depreciation.
Answer:
Correct answer is D. Direct materials
Explanation:
Among the given choices, direct materials is most likely to be classified as variable cost. Direct materials are the supplies used in manufacturing products which can be directly identified in the output production. It is a main component which is traceable to create or produce products. Basically, all manufacturing industries used direct materials as their variable cost in their production.
Answer:
b. control the supply of money.
Explanation:
The Federal Reserve System ( popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by Congress in 1913, and began operations in 1914. It is just like all central banks, the Federal Reserve is a United States government agency. The following are the responsibilities of the Fed Reserves System;
- It has the power to supervise and regulate banks.
- They promote public goals such as economic growth, low inflation, and the smooth operation of financial markets (monetary policies).
- The Federal Reserve is the "lender of last resort."
Hence, an important function of the U.S. Federal Reserve is to control the supply of money. The monetary liabilities of the Federal Reserve include currency in circulation and reserves. The currency in circulation includes all of the US paper currency (dollar bill) that are available in the country while reserves refers to the minimum deposits being held for the U.S Treasury and depository financial institutions by the Fed.
Answer: 2.5
Explanation:
The Turnover (Asset Utilization) is calculated by dividing the business Turnover (Sales) by it's Assets.
We have the amount of assets (Investment). Now we have to calculate the Sales.
The Net Income was 12.5% of $100,000 so solving for that would be,
= 0.125 * 100,000
= $12,500
$12,500 was the Net Income.
It was said that the Net Income was 5% of sales so using algebra we have,
12,500= 0.05x
x = 12,500/0.05
= $250,000
With sales of $250,000 we can calculate the Turnover as,
Asset Turnover = Sales / Assets( Investment)
= 250,000/100,000
= 2.5
If you need any clarification do react or comment.
Answer:
The Turnover = 2.5
Explanation:
Step 1 : Find Net income
Return on Investment (ROA) = Net income/ Assets
12.5%=Net Income/$100,000
Net income = $100,000*12.5%
Net income= $12,500
Step 2 : Calculate Sales
Net income = Sales *5%
Therefore substitute known values
Sales = $12,500 *100/5
Sales = 250,000
Step 3 : Calculate Turnover ratio
Turnover = sales/ Assets
= 250,000/100,000
=2.5
b. Product recalls.
c. Rework labor and overhead.
d. Quality circles.
e. Downtime caused by defects.
f. Cost of field servicing.
g. Inspection of goods.
h. Quality engineering.
i. Warranty repairs.
j. Statistical process control.
k. Net cost of scrap.
I. Depreciation of test equipment.
m. Returns and allowances arising from poor quality.
n. Disposal of defective products.
o. Technical support to suppliers.
p. Systems development.
q. Warranty replacements.
r. Field testing at customer site.
s. Product design.
Required:
1. Classify the costs associated with each of these activities into one of the following categories: prevention cost, appraisal cost, internal failure cost, or external failure cost.
2. Which of the four types of costs in (1) above are incurred in an effort to keep poor quality of conformance from occurring? Which of the four types or costs in (1) above are incurred because poor quality of conformance has occurred?
Answer:
Explanation:
A. Product testing - Appraisal cost
B. Product recalls - External Failure cost
C. Rework labor and overhead - Internal Failure cost
D. Quality circles - Prevention cost
E. Downtime caused by defects - Internal Failure cost
F. Cost of field servicing - External Failure cost
G. Inspection of goods - Appraisal cost
H. Quality engineering - Prevention cost
I. Warranty repairs - External Failure cost
J. Statistical process control -Prevention cost
K. Net cost of scrap - Internal Failure cost
L. Depreciation of test equipment - Appraisal cost
M. Returns and allowances arising from poor quality - External Failure cost
N. Disposal of defective products - Internal Failure cost
O. Technical support to suppliers - Prevention cost
P. Systems development - Prevention cost
Q. Warranty replacements - Internal Failure cost
R. Field testing at customer site - Appraisal cost
S. Product design - Prevention cost
2. Which of the four types of costs in (1) above are incurred in an effort to keep poor quality of conformance from occurring? Prevention costs and appraisal costs.
Which of the four types or costs in (1) above are incurred because poor quality of conformance has occurred? Internal failure costs and external failure costs
The costs associated with each activity can be classified into prevention cost, appraisal cost, internal failure cost, or external failure cost. Prevention costs are incurred to keep poor quality of conformance from occurring, while internal failure costs occur because poor quality of conformance has occurred within the organization.
The costs associated with each activity can be classified as follows:
Prevention costs are incurred to keep poor quality of conformance from occurring, while appraisal costs are incurred to assess the conformance of products. Internal failure costs occur because poor quality of conformance has occurred within the organization, while external failure costs occur because poor quality of conformance has occurred outside of the organization.
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