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2 years ago

Managers have a tendency to let their programmed activities overshadow their nonprogrammed activities because ________.

1 answer:

4 0

Managers have a tendency to let their programmed activities overshadow their nonprogrammed activities because of Gresham's law of planning. Gresham's law was developed by Thomas Gresham and it focuses mainly on economics, not the planning side. The main focus of the law is that bad money will drive out good.

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Trevor always begins the day with a strawberry milkshake (milk (x1 ) and strawberries(x2) mixed in proportion 1:5). His income i

jenyasd209 [6]

Answer:

Check the explanation

Explanation:

Going by the question that the proportion of milk and strawberry for milk shake is 1:5.

If amount of milk is to be X1 that means the quantity of strawberry (X2) will be 5×X1, i.e., X2=5X1... Equation 1

And in addition, the milk and strawberry are complementary consumables as strawberry is of no use without milk and vice versa.

Budget equation will be as follows:

P1×X1+P2×5X1=M.... Equation 2

Given M=200, P1=15 & P2=1

Putting values in Equation 2

15×X1+1×5X1=200

X1=10 & X2=50(from equation 1)

Answer a)

With change in P1 from 15 to 5

Again putting values in Equation 2

5×X1+1×5X1=200

X1=20 & X2=100.

The total change in the demand of milk will increase from 10 units to 20 units.

Answer b)

Strawberry and milk are complementary goods here for that reason there would be no effect on substitution.

Answer c)

Since there will be no effect on substitution, total effect will be equal to income effect.

7 0

2 years ago

Anderson Corporation predicts that this year's sales will total $7,500,000. The selling price for their product is $62.50 per un

Yakvenalex [24]

Answer:

$2,685,000

Explanation:

Sales = $7,500,000 ÷ $62.50

= 120,000 units

Contribution = Sales - Variable cost

= $7,500,000 - (120,000 × $38)

= $7,500,000 - $45,60,000

= $29,40,000

Net income (after taxes) = $165,750

Net income before taxes and interest:

= Net income (after taxes) × (100 ÷ 65)

= $165,750 × (100 ÷ 65)

= 255,000

Therefore,

EBIT = Contribution - Fixed cost

255,000 = $29,40,000 - Fixed cost

Fixed cost = $29,40,000 - 255,000

= $2,685,000

6 0

2 years ago

Bailey Company uses a periodic inventory system and its inventory records contain the following information: Units Total Cost Be

Gala2k [10]

Answer:

Ending inventory cost= $1,494

Explanation:

Giving the following information:

Beginning Inventory: 300 $780

Purchases:

May 10: 400 units for $1,170

June 15: 500 units for $1,260 ($2.52 per unit)

August 28: 300 units for $990 ($3.3 per unit)

The company had 500 units were in its ending inventory at the end of the year.

Under FIFO (first-in, first-out), the ending inventory cost is calculated using the cost of the last units incorporated.

Ending inventory cost= 300*3.3 + 200*2.52= $1,494

5 0

2 years ago

Suppose that there are two cities that are alike in every way except that one city has significantly better weather than the oth

Lelechka [254]

Answer:

bad weather

good weather

upward

fall

Explanation:

8 0

2 years ago

Employees earn vacation pay at the rate of one day per month. During the month of June, 10 employees qualify for one vacation da

Yakvenalex [24]

Answer:

B. Debit Vacation Benefits Expense $1,500; credit Vacation Benefits Payable $1,500

Explanation:

Lets consider all the other options to eliminate them from our choice

Option A: The entry provided debits the vacation benefits expenses and credits the prepaid vacation benefits. The liability for the vacation credit earned by the employees during the month needs to be recorded so this is not an adjustment of an advance vacation benefit.

Option C: The required entry has nothing to do with taxes so not relevant.

Option D: The entry is to record the liability for vacations earned by the employees so an expenses has to be recorded.

Option E: The option reduces the liability and reduces the expenses which is against the requirement of the question

5 0

2 years ago