In Home and Foreign, there are two factors each of production, land and labor, used to produce only one good. The land supply in each country and the technology of production are exactly the same. The marginal product of labor in each country depends on employment as follows:
|
Number of Workers Employed |
Marginal Product of Last Worker |
|
1 |
20 |
|
2 |
19 |
|
3 |
18 |
|
4 |
17 |
|
5 |
16 |
|
6 |
15 |
|
7 |
14 |
|
8 |
13 |
|
9 |
12 |
|
10 |
11 |
|
11 |
10 |
Initially, there are 11 workers employed in Home, but only 3 workers in Foreign. Assume now that Foreign limits immigration so that only three workers can move there from Home. Calculate how the movement of these three workers affects the income of five different groups.
What is impact on workers who were originally in Foreign? The wage in Foreign changes from ______ Blank 1 to ______ Blank 2.
What is impact on Foreign landowners is to change costs? The costs in Foreign landowners change from ______ Blank 3 to ______ Blank 4.
What is impact on workers who stay in Home? Workers who stay at home benefit as their wage changes from ______ Blank 5 to ______ Blank 6.
What is impact on Home landowners? Landowners in Home are hurt as their costs change from ______ Blank 7 to ______ Blank 8 for each worker employed.
What is impact on the workers who do move? The workers who do move benefit by seeing their wages change rise from ______ Blank 9 to ______ Blank 10.
What is the total production in two countries? The total production in two countries changes from ______ Blank 11 to ______ Blank 12.
In: Economics
PDQ Repairs has 200 auto-maintenance service outlets nationwide. It performs primarily two lines of service: oil changes and brake repair. Oil change–related services represent 60% of its sales and provide a contribution margin ratio of 25%. Brake repair represents 40% of its sales and provides a 45% contribution margin ratio. The company’s fixed costs are $15,590,000 (that is, $77,950 per service outlet).
New attempt is in progress. Some of the new entries may impact the last attempt grading.Your answer is incorrect.
Calculate the dollar amount of each type of service that the company must provide in order to break even. (Use Weighted-Average Contribution Margin Ratio rounded to 2 decimal places e.g. 0.25 and round final answers to 0 decimal places, e.g. 2,510.)
| Oil changes |
$enter a dollar amount rounded to 0 decimal places |
|
|---|---|---|
| Brake repair |
$enter a dollar amount rounded to 0 decimal places |
eTextbook and Media
New attempt is in progress. Some of the new entries may impact the last attempt grading.Your answer is incorrect.
The company has a desired net income of $50,000 per service outlet. What is the dollar amount of each type of service that must be performed by each service outlet to meet its target net income per outlet? (Use Weighted-Average Contribution Margin Ratio rounded to 2 decimal places e.g. 0.25 and round final answers to 0 decimal places, e.g. 2,510.)
| Oil changes |
$enter a dollar amount rounded to 0 decimal places |
|
|---|---|---|
| Brake repair |
$enter a dollar amount rounded to 0 decimal places |
In: Accounting
Case Study 1 You are a RN working in ED, looking after Edith, an 87-year-old with an admitting diagnosis of Acopia. All acute interventions have been completed for Edith, but the wards are full, so she will spend the next 8 hours (+) on an ED trolley in a corridor. Case Study 1. The implication in this scenario is that a diagnosis of 'acopia' is a diagnosis based on functional abilities and is a form of labelling.
1. What is the impact of a diagnosis based on the labelling of a patient? Answer this using online learning materials provided and other peer reviewed evidence. Acopia itself is more of a symptom of underlying changes than a diagnosis. 'Acopia' refers to decreased ability to cope/ manage activities of everyday life and is a symptom of increasing frailty. Edith is 87 years of age. Normal ageing process eventually leads to frailty. We studied frail aged in week 8 tutorial (review recording if you have forgotten) and in week 6 online material. Nurses role - Include an analysis of how this labelling impact the care Edith receives.
2. How do normal changes of ageing increase the risk of Edith developing a pressure injury in this scenario? Here you need to consider normal physiological changes that occur as part of ageing to body systems that increase the risk of developing pressure injury. We covered this in week 6 and week 10 online learning and in additional readings. You could easily relate at least 3 systems to this answer. Nurses role - Also analyse the role of the nurse to prevent pressure injury for Edith. Remember the scenario context.
The nursing role is important in this answer
In: Nursing
Prepare your case analysis in an MS PowerPoint presentation.
The new revenue recognition standard issued by the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) will call for major changes in the way companies in the airline industry recognize revenue. Airlines may have to change how they account for loyalty status benefits, mileage credits, change fees, and breakage for tickets that expire unused. The American Institute of Certified Public Accountants (AICPA) has formed an airlines task force to address implementation issues of the new standard for the airline industry. Assume that you have been called upon to present an analysis of the impact of the new standard on JetBlue. Refer to JetBlue’s (ticker symbol: JBLU) current/most recent financial statements (10-K) and the accompanying notes to answer the following questions. The current/most recent financial statement can be found on https://www.sec.gov/edgar/searchedgar/companysearch.html. Search for the company in the ‘Fast Search’ box by using the ticker symbol provided above. In the list of results, find the latest filing labeled 10-K and select the ‘Documents’ link. On the next page, select the document of type ’10-K’ to open it. Provide an overview of JetBlue’s current fare structures and revenue sources. For each of the following revenue categories, describe the current accounting, the likely changes (if any) that the new revenue recognition standard will require, and the potential impact of those changes on patterns of revenue recognition. Flight Transportation (for tickets used and for ticket breakage) Loyalty Program Ancillary Services and Other Revenue Identify any areas that will require more discretion and judgment and specify why.
In: Accounting
You are employed in a large accounting firm which specialises in preparing general purpose financial reports for large companies that are listed on the Australian Securities Exchange (ASX). As the training manager, one of your key tasks is to prepare a regular newsletter for staff involved in the preparation of the above financial reports. The purpose of the newsletter is to keep staff updated on the latest financial reporting news, alerting staff of changes and developments that may impact their work, and provide enough information to staff to satisfy the following:
For staff to understand the nature of the news / change / development and its potential impact (so staff can decide whether they need to investigate further given the nature of their own work);
Provide directions to staff of where they can access further information on the news / change / development if they wish to (including website links where appropriate).
Required:
Prepare a 2 page newsletter that identifies and summarises changes / developments and news in the financial reporting environment for the period from 1 May 2018 to 31 July 2018.
6 local (Australian news and 6 international news. each news with the link) news should be only regarding changes and Amendments in accounting standards.
can take only from folloeing websites
a) Websites such as those of:
Australian Accounting Standards Board
Financial Reporting Council
Australian Securities and Investment Commission
Australian Securities Exchange
International Federation of Accountants
Chartered Accountants Australia and New Zealand
CPA Australia
International Accounting Standards Board
Websites of large accounting firms
PLEASE ANSWER ASAP. REMINDER 02
PLEASE ANSWE AT YOUR EARLIEST. REMINDER 03. I NEED THE ANSWER URGENTLY.
In: Accounting
Family Medical Care (FMC) is a family medical practice with 8 physicians, a nursing staff of 10 to 12 nurses, and an administrative staff that varies from 6 to 9 personnel. Rajat Patel, the chief physician at FMC, is interested in studying the efficiency of the practice as a basis to set some benchmarks for further improvement, for rewarding his staff, and for comparing the efficiency of the FMC practice to other family medical practices. He is able to get comparable data for other practices from industry sources. So that the data are consistent with the industry sources, Patel has asked Marin & Associates, his accounting firm, to develop a set of productivity measures that would satisfy this requirement. Upon investigation, Joseph Marin finds that the measures to be used are the partial financial and operational productivity measures as defined in the chapter. The following information is for the last 2 years for the FMC practice:
| Current Year | Prior Year |
||||||
| Patient visits | 34,300 | 29,700 | |||||
| Nursing hours used | 21,600 | 20,700 | |||||
| Administrative hours used | 14,725 | 14,725 | |||||
| Cost of nursing support per hour | $ | 52.00 | $ | 51.00 | |||
| Cost of administration per hour | $ | 37.60 | $ | 37.00 | |||
| Industry average financial productivity | |||||||
| Nursing | 0.027 | 0.026 | |||||
| Administrative | 1.250 | 1.270 | |||||
Required:
1. Compute the partial financial productivity ratios for nursing and administrative support for the current and prior year.
2. Separate the change in the partial financial productivity ratio from the prior year to the current year into productivity changes, input price changes, and output changes.
(For all requirements, round your answers to 4 decimal places. Negative values should be indicated by a minus sign.)
In: Accounting
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Mijka Company was started on January 1, 2018. During 2018, the company experienced the following three accounting events: (1) earned cash revenues of $31,600, (2) paid cash expenses of $14,200, and (3) paid a $2,500 cash dividend to its stockholders. These were the only events that affected the company during 2018.
Required
Record the effects of each accounting event under the appropriate general ledger account headings.
Prepare an income statement, statement of changes in stockholders’ equity, and a balance sheet dated December 31, 2018, for Mijka Company.
Complete this question by entering your answers in the tabs below.
Req A
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Prepare an income statement dated December 31, 2018, for Mijka Company.
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Prepare a statement of changes in stockholders’ equity dated December 31, 2018, for Mijka Company.
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Prepare a balance sheet dated December 31, 2018, for Mijka Company.
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Typewritten answers, please, no handwritten answers. Thank you.
In: Accounting
Question 3: Woo Ltd. recently conducted an extensive review of its accounting and reporting policies. The following accounting changes are an outgrowth of that review: 1. Woo acquired a machine at a cost of $400,000 in 2016. The machine has been depreciated on a straight-line basis with no residual value since it was acquired. During 2019, it was decided that the benefits from the machine would be consumed over a total of 13 years rather than the 20-year useful life now being used to depreciate its cost. 2. At the beginning of 2019, Woo changed its method of valuing inventory from the FIFO cost method to the weighted-average cost method. At December 31, 2018 and 2017, Woo’s inventories were as follow: 2018 2017 On a FIFO cost basis $560,000 $540,000 On a weighted-average cost basis $500,000 $490,000 3. Woo‘s income tax rate is 20%. 4. Woo reports net income for 2019 and 2018 for the following amounts: 2019 2018 Net income $840,000 $900,000 5. The retained earnings of Woo as at December 31, 2018 and 2017 before adjusting the effect from the changes in inventory valuation method are as follow: 2018 2017 Retain earnings $3,200,000 $2,800,000 6. Dividends declared during 2019 and 2018 were $100,000 and $500,000, respectively. Required: a. Prepare the journal entries needed in 2019 related to each change. [10 marks] b. Prepare the statements of changes in equity (in part) for the year ended at 31 December 2019 after the adjustments (including comparative figure for 2018) in accordance with HKAS 8. [10 marks]
In: Accounting
Writing Assignment is to develop marketing mix strategies to ensure a value offering for my the target market "Kids and kids grown up futuristic fantasy Park" service for Walt Disney Need to answer the below questions any input will be appreciate
Offering. Describe your product or service offering as it is currently in terms of features and benefits, price and the total cost of ownership as discussed in the week's readings. Is it more product dominant or service dominant? What are the tangible and intangible aspects?
Type of consumer offering. Based on the four categories of type of offerings discussed in course content, describe the category in which your product or service offering belongs. Based on your new target market, would that category of the offering change and if so, how? How would it change the marketing strategy?
Product line extensions or new product development. Should the current product or service be modified to more fully meet the needs of your new target market? Would the changes constitute a new product line, a product line extension or a new product? If no product changes are needed, how does the same product or service meet the need of your target market differently than current customers? Would the product line extension or new product allow the offering to occupy uncontested space in the perceptual map for the target market as covered in thr previous paper?
Product lifecycle. In which stage of the product lifecycle is your product or service offering now? Would the changes described in number 3 above change the lifecycle stage and if so how? What would this mean to the lifecycle marketing strategy?
In: Operations Management
Problem 1: For all of the following problems, imagine a crane that is lifting a weight of mass m through a height h at constant speed, and consider the following three choices of system:
(1) system is the weight only; (2) system is the weight and the earth; (3) system is the crane only.
For each of these choices, and in this order, what is the net work done on the system by the external forces (Wext,sys) in the process considered?
(a) (1) 0; (2) mgh; (3) −mgh
(b) (1) mgh; (2) 0; (3) −mgh
(c) (1) −mgh; (2) mgh; (3) 0
(d) (1) 0; (2) mgh; (3) 0
Problem 2: For system (1) (weight only), which of the following is a correct statement of the energy changes going on inside the system during the process described?
(a) ∆Esource + ∆Ediss = −mgh
(b) ∆U G = mgh
(c) ∆K = 0
(d) ∆Ediss = mgh
Problem 3: For system (2) (weight and earth), which of the following is a correct statement of the energy changes going on inside the system during the process described?
(a) ∆Esource + ∆Ediss = −mgh
(b) ∆U G = mgh
(c) ∆K = 0
(d) ∆Ediss = mgh
Problem 4: For system (3) (crane only), which of the following is a correct statement of the energy changes going on inside the system during the process described?
(a) ∆Esource + ∆Ediss = −mgh
(b) ∆U G = mgh
(c) ∆K = 0
(d) ∆Ediss = mgh
Problem 5: If it takes a time ∆t to raise the weight through the height h, what is the power output of the crane for that process?
(a) mg (b) mgh (c) mgh/∆t (d) 0
In: Physics