Jim Houser, a purchasing agent at Milton Toy Company, intends to think about a potential supplier switch as a result of a supplier of high quality metal components' subpar delivery performance. This serves as an example of a modified rebuy.
What approaches are suitable for an out supplier to take in a modified rebuy scenario?Offering performance guarantees is one tactic that might be appropriate for a "out" supplier to use when dealing with a modified rebuy scenario. urging the organization to try the company's product. Identifying and addressing the issue the company has with the current provider.
Who influences the purchasing choice by offering data for the assessment of alternatives or by establishing purchasing requirements?The job of an influencer is played by those who provide information for the evaluation of alternatives or who establish the criteria for a purchase.
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scarcity exists because question content area bottom part 1 a. people take too much leisure time. b. some people make bad economic decisions. c. some individuals have low income. d. the costs of production are high. e. human wants exceed the resources available to satisfy them.
The best option that why scarcity exists is because human wants exceed the resources available to satisfy them. (D)
This is mainly because resources are limited, whereas human needs and desire are unlimited.
For example, individuals have an unlimited number of needs and desires , such as purchasing a new car, clothing, or electronics, but the resources available to fulfill these needs are very limited in numbers.
When it comes to the need and desire of the society or any groups such as the need of improved infrastructure, education, and healthcare. Unfortunately, the resources available to satisfy these collective needs are very limited, leading to scarcity.
In order to address these issue, it is important to create policies and strategies that increase the availability of resources and optimize their usage.
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true or false: heuristics are used to make decisions more quickly and easily than if we labor over every choice.
True. Heuristics are mental short cuts that help people solve issues and make decisions more quickly and effectively.
They are a technique for streamlining difficult decision-making processes by relying on existing knowledge, prejudices, and general guidelines. Heuristics are employed in a range of contexts, from routine decision-making to the solution of challenging problems. They are frequently utilised when people are faced with ambiguous or unclear situations and must decide fast or with little information. Heuristics can be helpful in many circumstances, but if they are not applied correctly, they can also result in biases and mistakes of judgement. They can be particularly problematic when there is little information and there are serious repercussions to a decision.
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which of the following is not relevant to estimating the useful life of an intangible asset? group of answer choices the cost of the asset. the expected use. the expected useful life of assets related to the intangible asset. legal provisions that might limit or extend the useful life.
The following option that is not relevant through the estimating the useful life of an intangible asset is A. the cost of the asset. It is because the intangible asset is determined by the capacity of asset.
In the term of economic and business, An intangible asset generally can be defined as a non-physical asset that has a useful life of greater than one year. There are several examples of intangible assets. Some of these examples are trademarks, customer lists, motion pictures, franchise agreements, and computer software. Intangible assets have a function to help us to determining the capacity of the asset to make cash flows into the entity.
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the labor supply curve of an individual relates the amount of labor supplied to the part 2 a. future real wage rate. b. current real wage rate. c. future real interest rate. d. current real interest rate.
Answer: b. current real wage rate.
The labor supply curve of an individual is a graphical representation of how the number of hours of labor that an individual is willing and able to supply to the market changes in response to changes in the current real wage rate (the wage rate adjusted for inflation).
The labor supply curve slopes upward, indicating that as the current real wage rate increases, the individual will supply more labor hours to the market.
Conversely, as the current real wage rate decreases, the individual will supply fewer labor hours to the market. The labor supply curve is not affected by changes in the future real wage rate, future real interest rate, or current real interest rate.
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a production line is to be designed for a product whose completion requires 21 minutes of work. the factory works 400 minutes per day. can an assembly line with five workstations make 100 units per day? [blank1]
The calculation of the 95.24 production rate uses a perfectly balanced line. It demonstrates that 100 units of output per day are impossible to achieve, even with an entirely balanced line.
The formula is: To calculate the production per day using a perfectly balanced line.
Daily Production = (Time available for production / production cycle time) * Workstations count
Given:
Time available for production = 400 minutes
Production cycle time = 21 Minutes
Workstations count = 5
Computation of the production per day using the formula:
Daily Production = (Time available for production / production cycle time) * Workstations count
Daily Production = (400 / 21) * 5
Daily Production = 19.05 * 5 = 95.24
As a result, 95.24 units can be produced per day.
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What happens to the market if a third supplier enters the market?
If a third supplier joins the market, the supply will rise, keeping everything else unchanged.
How does the supply curve change as additional vendors enter the market?The supply curve may be impacted by how many vendors there are for a certain good on the market. When new vendors enter a market, the supply there tends to rise, and when vendors leave a market, the supply there tends to fall.
What is the impact of seller density on the supply curve?In an industry, a change in the number of suppliers affects the quantity offered at each price, which alters supply. The supply curve moves to the right when there are more sellers offering a good or service.
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An organization's budget is a document that details? a. the financial and physical resources allocated to a project or department for a period b. the cash available for business expenses and payroll during a year c. the headcount assigned to each departmental manager for the year
An organization's budget is a document that details a. the financial and physical resources allocated to a project or department for a period. A budget is an organization's financial plan that details the anticipated income and expenses for a given time period, usually a fiscal year or a quarter.
A budget describes the financial and material resources that are allotted to different projects or divisions within an organization for a given time period, such as a fiscal year. This covers both income and expenses, as well as data on the personnel, tools, supplies, and other resources required to carry out the organization's operations.
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fairlane company. has an roa of 9 percent and a payout ratio of 18 percent. what is its internal growth rate?
The amount of internal growth rate would be -7.03%. A negative internal growth rate can also indicate that the company may need to consider alternative financing options, such as borrowing or issuing new equity, to fund growth.
The internal growth rate represents the rate at which a company can grow without having to raise external capital. It is calculated as the difference between the return on assets (ROA) and the dividend payout ratio. In this case, the internal growth rate is negative, indicating that the company is not generating enough profit to fund its own growth and is instead paying out more in dividends than it is earning.
The internal growth rate of Fairlane Company can be calculated using the DuPont Model as follows:
ROA = (Net Profit/Sales) * (Sales/Total Assets)
Rearranging the equation, we have:
Net Profit/Total Assets = ROA / (Sales/Total Assets)
Net Profit/Total Assets = 9% / (1 - 18%)
Net Profit/Total Assets = 9% / 0.82
Net Profit/Total Assets = 10.97%
Internal Growth Rate = Net Profit/Total Assets - Dividend Payout Ratio
Internal Growth Rate = 10.97% - 18%
Internal Growth Rate = -7.03%
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shriver corp. borrclaire purchases equipment for $10,000 by paying $3,000 in cash and borrowing $7,000 from the bank. the number of accounts affected by this transaction is multiple choice question. two. three. one. four.ows $25,000 from a bank and signs a two-year promissory note. what accounts will be affected by this transaction and what is the effect? multiple select question. notes payable increases cash decreases common stock decreases cash increases notes payable decreases common stock increases
In the transaction described, Shriver Corp. borrows $7,000 from the bank and pays $3,000 in cash to purchase equipment for $10,000.
This transaction affects three accounts in the company's accounting records: Cash, Notes Payable, and Equipment. The effect on the Cash account is a decrease of $3,000 as a result of paying $3,000 in cash for the equipment. Cash is a current asset that represents the amount of liquid funds the company has available for immediate use. The effect on the Notes Payable account is an increase of $7,000, reflecting the amount borrowed from the bank. Notes Payable is a liability account that records the amount the company owes to its creditors, such as banks, for loans. The effect on the Equipment account is an increase of $10,000, representing the cost of the equipment purchased. Equipment is a long-term asset that records the value of tangible assets the company uses in its operations, such as machinery and vehicles. In summary, the transaction affects three accounts in the company's accounting records and has the following effects: Cash decreases by $3,000, Notes Payable increases by $7,000, and Equipment increases by $10,000.
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g a rural county government has requested an estimate to build a 200,000-square-foot hospital in a small city (though the largest in the county). it will be a single-story building and not affiliated with any teaching institution. based on the engineering estimates above, what will such a hospital cost to build?
According to the engineering estimations mentioned above, constructing a hospital will cost $288,605,000.
Cost estimates are estimates of how much a project, program, or operation will cost. The cost estimate is the outcome of the cost estimating process. One total value and maybe one or more individual component values can be found in the cost estimate. Cost estimates assist in creating a task or project's appropriate budget.
Calculation of the Hospital Construction Cost Estimate:
Particular Amounts in thousands
Design cost $15,005,000
Building Costs $152,000,000
Downtown premium $91,200,000
Teaching hospital premium $30,400,000
Estimated Cost $288,605,000
Working Note:-
Calculating the cost of a building:Low rise (2,00,000 * 350) $70,000,000
High rise (2,00,000 * 410) $82,000,000
$152,000,000
Downtown premium = Building cost * 60%Downtown premium = 152,000,000 * 60%
Downtown premium = $91,200,000
Teaching Hospital Premium = Building cost * 20%Teaching Hospital Premium = 152,000,000 * 20%
Teaching Hospital Premium = $30,400,000
Hence Building Cost = $288,605,000
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COMPLETE QUESTION:
Ferdinand Construction (FC) manages the design and construction of hospitals. Ferdinand has developed several formulas that it uses to quote jobs. These include costs of basic construction but exclude equipment and furniture. These estimates are also dependent on the purpose of the hospital (teaching hospitals are more costly to build) and location (downtown hospitals are more costly to build). Both of these are based on the building costs. The estimated costs also depend on whether the hospital has few or many stories (high-rise buildings are more expensive). The following are the cost estimates for one region in the Northeast:
Design costs $ 15,005,000
Building costs – per square foot (low-rise) 350
Building costs – per square foot (high-rise) 410
Downtown premium 60%
Teaching hospital premium 20%
Required:
A rural county government has requested an estimate to build a 200,000-square-foot hospital in a small city (though the largest in the county). It will be a single-story building and not affiliated with any teaching institution. Based on the engineering estimates above, what will such a hospital cost to build?
swot analysis is useful in part because it obliges the firm to act proactively by putting an emphasis on identifying opportunities and threats that constrain the action choices a firm might make because of its internal and external environmental scan. group of answer choices true false
The statement "swot analysis is useful in part because it obliges the firm to act proactively by putting an emphasis on identifying opportunities and threats that constrain the action choices a firm might make because of its internal and external environmental scan" is true. It is because swot analysis is useful for the preventive and action that taken by company.
In the term of business and economic, SWOT analysis generally can be defined as a strategic planning and strategic management technique used to help a person or organization. SWOT analysis has a function to identify Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning. SWOT analysis also called as situational assessment or situational analysis.
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you are about to start a new job and are told that you must have a medical exam prior to employment to determine your:
A pre-employment physical enables employers to assess the general health of potential hires so they may make educated hiring decisions.
To make sure new hires are physically and psychologically competent of performing the duties of the position, employers may ask them to undergo a pre-employment physical. Many businesses often include a pre-employment physical in the onboarding process, especially if they want to make sure the employee is physically fit to carry out the duties of the position. The length of the pre-employment physical depends on the requirements of the job.
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why would you expect real gdp per capita in california and pennsylvania to exhibit convergence but not in california and baja california, a state of mexico that borders the united states?
You anticipate that California's and Pennsylvania's real gdp per capita will converge. It is more likely that Pennsylvania and California will experience equal growth-affecting circumstances, while Baja California and California will not.
Since a country's population is typically growing, real GDP per capita is normally lower than the growth of real GDP. As a result, if real GDP grows by 3% but the population grows by 3% as well, GDP per capita will rise by less than 3%. (or even decline if the population increased at a faster pace than GDP).
A excellent indicator of a nation's standard of living is the GDP per capita, which divides a nation's economic output by its entire population. This is because it reveals how prosperous a nation feels to each of its residents.
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eagle imports purchases food and beverage products from overseas producers and sells them to specialty shops in the united states. which type of b2b organization is eagle imports?
Eagle imports purchases food and beverage products from foreign producers and sells them to specialty stores in the United States. The type of B2B organization that imports Adler is Reseller.
Business-to-business (B2B), also known as B-to-B, is a form of trade between businesses. B. Business-to-business transactions refer to business-to-business transactions, not between businesses and individual consumers. Business-to-business contrasts with business-to-consumer (B2C) and business-to-government (B2G) transactions. Business-to-business (B2B) is a transaction or transaction between one business and another business.
B2B transactions typically take place in a supply chain where one company purchases raw materials from another company for use in the manufacturing process.
B2B transactions are commonplace not only for companies in the automotive industry, but also for real estate management, housekeeping, and industrial cleaning companies.
Business-to-consumer (B2C) transactions, on the other hand, are transactions that take place between businesses and individual consumers.
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the american economy thrived because of federal involvement, not the lack of it. how did the federal government actively promote industrial and agricu
The federal government actively promote industrial and agricultural development in this period by high tariffs and granting lands,
The growth of the American economy was significantly influenced by federal participation. Instead of a lack of federal intervention, the American economy prospered. The federal government actively encouraged industrial and agricultural development by enacting high tariffs that shielded American industry from foreign competition.
Further, they granted land to railroad companies to encourage construction, using the army to drive Indians from Western lands that were then regulated and distributed to farmers and mining companies, and more. These were in fact put into effect by the federal government and had a significant impact on the growth of agriculture and industry. However, these rules also had an unfavourable impact, such as stifling competition and disrespecting Native Americans' rights.
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which of the following hypothetical adjusting entries is not possible? select one: a. interest receivable 2,000 interest payable 2,000 b. salaries expense 450 salaries payable 450 c. insurance expense 800 prepaid insurance 800 d. deferred revenue 1,200
Option a is correct. The following items for which hypothetical adjustment transactions cannot be performed are accrued interest of 2,000 yen and accrued interest of 2,000 yen.
All reconciliation entries include both income statement accounts (income or expense) and balance sheet accounts (assets or liabilities). Adjustment transactions do not include cash debits or credits. Also remember that deferred income is a liability account.
Each adjustment transaction has at least one profit and loss account and one balance sheet account. Please do not bring any cash into the property.
Adjusting transactions are dated at the end of the accounting period, but are usually the final date of the accounting period because some transactions must be revalidated and recorded during periods that may not yet be included. Created after the date. Therefore option D is an incorrect statement.
Cash accounts are always affected by journal entry adjustments. Cash accounts are not always affected by journal adjustments. Reconciliation entries are made to reflect the true financial position of the company by bringing all accounts into the correct balance. This is done by recording journal entries that match the company's business transactions.
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beginning raw materials inventory $ 21,200 raw material purchases 66,000 ending raw materials inventory 22,600 beginning work in process inventory 28,400 ending work in process inventory 34,000 direct labor 48,800 total factory overhead 36,000 all raw materials used were traceable to specific units of product. healey company's cost of goods manufactured for the year is:
$ 143,800 Working: Healey Company Schedule of Cost of goods manufactured For the year ended Particulars Amount $ Direct Materials: Beginning Raw Material
What is the schedule of cost of goods manufactured in accounting?The cost of goods manufactured schedule is used to calculate the cost of producing products for a period of time. The cost of goods manufactured amount is transferred to the finished goods inventory account during the period and is used in calculating cost of goods sold on the income statement.A cost of goods manufactured schedule shows beginning and ending inventories for: raw materials and work in process only. A manufacturer may report three inventories on its balance sheet: (1) raw materials, (2) work in process, and (3) finished goods.A schedule of goods manufactured breaks down the costs of the raw materials, labor and factory overhead. It is organized in four separate sections: direct materials, direct labor, manufacturing overhead and work-in-process.
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A stakeholder orientation is not complete unless it includes
Select one:
a. clear accounting procedures.
b. major financing activities.
c. marketing strategy.
d. feedback from special-interest groups.
e. activities that actually address stakeholder issues.
A stakeholder orientation is not complete unless it includes activities that actually address stakeholder issues. Hence, option E is correct.
What does a stakeholder orientation include?Stakeholder orientation refers to a pattern of social responsibility beliefs, decision-making, or conduct in which managers make decisions and take action while taking into account the interests of numerous stakeholder groups, including consumers, employees, etc.
The three sets of actions that make up this approach are: the organization-wide collection of data about stakeholder groups and evaluation of the business's effects on these groups; the dissemination of this information throughout the firm.
Thus, option E is correct.
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when does business unit planning occur in the strategic planning process? group of answer choices after corporate planning and product planning after offering planning but before product planning before corporate planning after offering planning after corporate planning but before offering planning
Business unit planning typically occurs after corporate planning and product planning but before offering planning in the strategic planning process.
What is Business?Business is an activity that involves the production, buying, and selling of goods and services. It involves individuals, organizations, and companies working together to create economic growth and development. Business activities are conducted in order to generate profits and satisfy customer needs. Businesses can involve a variety of activities such as accounting, finance, marketing, operations, production, and human resources. Businesses must also consider their legal, ethical, and social responsibilities when engaging in their activities.
This allows the business to identify the potential opportunities and resources available to the business unit, as well as analyze the risks associated with pursuing those opportunities. This process also helps the business unit identify the strategies and objectives necessary to achieve its desired outcomes.
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the baker s dozen has current liabilities of $5,600, net working capital of $2,100, inventory of $3,900, and sales of $13,500. what is the quick ratio? assume pre-paid expenses are zero.
The quick Ratio is computed at 0.68 (or 68%) The quick ratio measures how well a company can cover its short-term liabilities with its most liquid assets.
Assets that can be turned into cash in less than three months are referred to as quick assets. All of the current assets, excluding inventories and prepaid expenses, are included in these assets. The quick ratio is the proportion of quick assets to current liabilities.
Any asset that can be reasonably expected to be sold, consumed or expended through regular business operations within the current fiscal year, operational cycle, or financial year is considered a current asset.
Working capital = Current assets - Current liabilities
2100 = Current Assets - 5600
Current assets = 2100 + 5600
Current assets = $7,700
Quick ratio = (Current assets - Inventory) / Current liabilities
Quick ratio = (7700 - 3900) / 5600
Quick Ratio = 3800 / 5600 = 38 / 56
Quick ratio = 0.68 (68%)
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what is the difference between a shortage and scarcity?a shortage will exist when a good is scarce.scarcity is a result of demand exceeding supply and causing a shortage.scarcity will exist, but a shortage will exist only if the price of a good is below the equilibrium level.scarcity will exist, but a shortage will exist only if the price of a good is above the equilibrium level.
When there are not enough resources to meet all of the demands or requirements of people, there is a situation known as scarcity. The opposite of this is a shortage, which occurs when demand supply exceeds at a certain point in time.
What is demand supply?The amount of items that are available is referred to as the supply. How many people want certain things is referred to as demand. When a product's supply increases, its price decreases and its demand may increase since it becomes more expensive. At some point, if there is too much demand for the commodity, the supply will start to decline. Demand supply is an economic theory that describes how prices are set in a market in microeconomics. In a competitive market, it is hypothesised that, all else being equal, the unit price for a certain good or other traded item, such as labour or liquid financial assets, would fluctuate until it settles at a point where the amount demanded (at the current price) equals the quantity offered.
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describe two key factors of the likelihood of first-mover advantage (fma) in a market and the conditions under which an fma is the most likely both in the short term and the long term. (3 points) also, based on this framework, evaluate how likely is an fma in the led general lighting market and explain why.
The likelihood of First-Mover Advantage (FMA) in a market is influenced by two key factors:
Market structure: The structure of the market, including the number of competitors, the degree of differentiation, and the level of entry barriers, will impact the likelihood of an FMA. In a market with high entry barriers and limited competition, the first mover may be able to establish a dominant position.Timing: Timing is another important factor in the likelihood of an FMA. The first mover will benefit from the advantage of being first in the market and having more time to establish a strong brand and customer base. The first mover may also be able to lock in suppliers and distributors, which can make it difficult for later entrants to compete effectively.In the short term, an FMA is most likely when the market is in its early stages, with limited competition and high growth potential. In the long term, an FMA may be sustained if the first mover is able to maintain its position through product differentiation, brand recognition, and economies of scale.
In the LED general lighting market, the likelihood of an FMA is high in the short term due to the early stages of the market and high growth potential. However, in the long term, the likelihood of an FMA may decrease as competition increases and new entrants enter the market. This could result in lower prices and increased innovation, which could erode the first mover's advantage.
In conclusion, the likelihood of an FMA in the LED general lighting market is influenced by both market structure and timing, with a higher likelihood in the short term and a potentially lower likelihood in the long term as competition increases.
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howie knows the student will be disappointed that his text book is out of stock. this is pretty common for this time of year. how should howie start his email to the student?
Howie should start his email to student Max as psychology today is scheduled to arrive on September 1.
What is psychology?The scientific discipline that examines the mind and behaviour is known as psychology. The study of thoughts, emotions, and other conscious and unconscious events is included in psychology. The social and natural sciences are linked by this highly interdisciplinary area of study. Because psychologists are interested in the emergent features of the brain, psychology and neuroscience are interwoven. A psychologist is a researcher with a focus on psychology or a recognised authority in the field. On perception, cognition, attention, emotion, intelligence, subjective experiences, motivation, brain function, and personality, psychologists do research. Interpersonal relationships, psychological resiliency, family resiliency, and other topics relating to social psychology are topics that psychologists are interested in. Research psychologists employ empirical methods to identify correlational and causal links between various psychosocial variables.
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if the government wishes to reduce unemployment and lower interest rates, which policy combination will be most effective? assume the banking system operates with limited reserves.
A Monetary Expansionary Strategy to Reduce Unemployment. By lowering interest rates, expansionary monetary policy seeks to boost overall demand and economic growth. Borrowing is less expensive when interest rates are lower.
What is Monetary Expansionary Strategy?The money supply is increased more quickly than usual or short-term interest rates are decreased as a result of expansionary monetary strategy. It is implemented by central banks and happens as a result of open market transactions, reserve requirements, and interest rate setting. A central bank's use of its resources to boost the economy is known as expansionary monetary policy. This boosts the money supply, brings down interest rates, and boosts demand. Economic growth is boosted. The currency's value declines, which lowers the exchange rate. Lowering interest rates, reducing bank reserve requirements, and purchasing government assets are the three expansionary monetary policy tools available to the Federal Reserve.
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what amounts should be considered product and period costs respectivly for the first year of coverage
Product costs and period costs are two types of costs that are used in accounting to classify expenses related to producing and selling a product. The classification of costs as product or period costs depends on the nature of the expenses and the time frame in which they are incurred.
For the first year of coverage:
Product costs:
Direct materials: The cost of raw materials used to produce the product.Direct labor: The wages and benefits paid to workers involved in the production of the product.Manufacturing overhead: Indirect costs associated with production, such as rent, utilities, and depreciation of production equipment.Period costs:
Selling and administrative expenses: Expenses incurred in selling and promoting the product, such as advertising, salaries and wages of administrative staff, and rent for sales offices.It's important to note that this is a general classification, and the specific expenses that should be considered product or period costs may vary depending on the industry, company, or accounting method used.
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(1 point) a company sells each unit of its product for $75. its variable cost per unit is $40 and the total fixed cost is $350000. how many units must it sell to earn the profit of $350000?
To earn $350000 a company should sell 20000 products. It can be calculated by subtracting the total fixed cost and by the product of profit and number of goods
In the term of financial economic and business, Total fixed costs generally can be defined as the sum of all consistent, non-variable expenses a company must pay.
The calculation:
Total profit = number of products x (cost of products - variable cost) - total fixed cost
Total profit = number of products x ( $75- $40) - $350000
$350000 = number of products x $35 - $350000
$350000+ $350000 = number of products x $35
number of products = $700000 : $35
number of product = 20000 products
So to earn the profit $350000 a company should sell 20000 products.
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the shoal company's manufacturing costs for the third quarter of 2022 were as follows: (cpa adapted) direct materials and direct labor $ 660,000 other variable manufacturing costs 185,000 depreciation of factory building and manufacturing equipment 76,000 other fixed manufacturing costs 18,000 what amount should be considered product costs for external reporting purposes?
The amount to be considered product costs for external reporting purposes would be $845,000.
The expenses incurred to produce a product are referred to as its cost. Direct labour, direct materials, consumable production supplies, and factory overhead are all included in these prices.
Product costs are costs that are directly incurred in the production of a company's goods and are therefore considered part of the cost of the goods sold. For external reporting purposes, the following amounts should be considered product costs:
Direct materials and direct labor: $660,000
Other variable manufacturing costs: $185,000
Total product costs: $660,000 + $185,000 = $845,000
Depreciation of factory building and manufacturing equipment and other fixed manufacturing costs are considered period costs and are not included as part of product costs. These costs are expensed as incurred and are included in the calculation of the company's operating expenses for the period.
Therefore, the amount to be considered product costs for external reporting purposes is $845,000.
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You want to accumulate $3,000,000 for your retirement in 40 years. What annual interest rate must you earn if you deposit $1,000 per year each year until retirement? a. 16.8454
b. 40
c. 3.000.000
d. 0
The Annual Interest Rate (AER) = 16.8454
Annual Interest Rate = RATE (nper,pmt,pv,fv)
Annual Interest Rate =RATE (40,-1000,0,3000000)
Annual Interest Rate =16.85%
Annual Interest Rate = 16.8454
When the benefits of compounding over time are taken into account, the real return on a savings account or any other interest-paying investment is known as the Annual Interest Rate (AER). It also displays the actual percentage rate of interest owed on any outstanding debts, including credit card debt and loans.
It is also known as the yearly equivalent rate, the Annual Interest Rate (AER), and the effective rate.
The genuine interest rate attached to an investment or loan is described by the effective Annual Interest Rate. The fact that the effective yearly interest rate takes into consideration the reality that more frequent compounding periods will result in a higher effective interest rate is its most significant aspect.
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which of the following is correct regarding posting a transaction? multiple choice question. posting means to transfer journal information to a ledger. posting takes place once during an accounting period. posting means to enter transactions into a journal.
Posting means to transfer journal information to a ledger is correct regarding posting a transaction.
An agreement that has been fulfilled between a buyer and a seller to trade products, services, or financial assets in exchange for cash is referred to as a transaction. How a business utilises accrual basis or cash basis will determine when a transaction is documented.
A transaction record is posted in accounting when it is transferred from a journal to a general ledger, which holds all of a company's financial accounts. A ledger organises transactions by accounts, such as assets or liabilities, whereas a journal records items in a chronological order. General ledgers are used by accountants to produce financial statements or other records. In order to build a well-organized general ledger, the accountant will need to maintain precise records of the business' financial activities.
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jones company reported pretax book income of $407,000. included in the computation were favorable temporary differences of $50,700, unfavorable temporary differences of $20,350, and favorable permanent differences of $40,350. book equivalent of taxable income is:
The book equivalent of taxable income is $477,700
Tax is a financial obligation imposed by the government on individuals, businesses, and organizations to raise revenue for various public expenditures.
Jones Company reported a pretax book income of $407,000.
In this case, Jones Company had favorable temporary differences of $50,700.
Jones Company had unfavorable temporary differences of $20,350.
Favorable permanent differences are amounts that will reduce taxable income. In this case, Jones Company had favorable permanent differences of $40,350.
The book equivalent of taxable income is the amount of income that the company will actually pay taxes on.
This amount is calculated by adding favorable temporary differences and subtracting unfavorable temporary differences and favorable permanent differences from the pretax book income. In this case, the book equivalent of taxable income is
=> ($407,000 + $50,700 - $20,350 - $40,350) = $477,700
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