The labor demand will be higher in industry B (with a 21 percent labor cost-total cost ratio) than in industry A (with a 82 percent labor cost-total cost ratio).
In general, the labor cost-total cost ratio reflects the proportion of total costs that are accounted for by labor costs. In industry A, the labor cost-total cost ratio is 82 percent, meaning that labor costs make up a significant portion of total costs. In industry B, the labor cost-total cost ratio is 21 percent, meaning that labor costs are a relatively small portion of total costs.
Other things equal, an increase in the labor cost-total cost ratio would indicate an increase in the relative cost of labor, which would reduce the demand for labor. Conversely, a decrease in the labor cost-total cost ratio would indicate a decrease in the relative cost of labor, which would increase the demand for labor.
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under which of the following situations is a strategy for the timing of deductions most beneficial? (check all that apply.) multiple select question. when the transaction is small when tax rates are high when tax rates are low when the transaction is large when the taxpayer is earning a high rate of return when the taxpayer is expecting to be taxed at a higher rate in the future when tax deductions can be accelerated without accelerating the cash outflow
When tax deductions can be accelerated without accelerating the cash outflow is a strategy for the timing of deductions most beneficial. Thus option D is correct.
What is the timing of deductions?The timing of the deductions will be termed as the process where the information or the date will be processed in the given span of time. The commencement will be the start date and the end date will be the due date.
Because the deduction or the deduction year for cash-method taxpayers depends on when the taxpayer pays the amount, the timing technique is very advantageous for them. Therefore, option D is the correct option.
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hubspot test true or false? choosing to not use the marketing hub blog tool to host your blog will make your marketing hub campaign reporting less comprehensive.
Choosing to not use the marketing hub blog tool to host your blog will make your marketing hub campaign reporting less comprehensive. The given statement is false.
Using the marketing hub blog tool provided by HubSpot is not a requirement for having comprehensive marketing campaign reporting. While the blog tool can certainly help streamline your blogging process, it is not necessary for tracking and reporting on the overall performance of your marketing efforts. There are other tools and reporting mechanisms within the HubSpot Marketing Hub that can provide you with valuable data and insights into the success of your campaigns, such as the landing pages tool, the email tool, the social media tool, and the analytics tool. These tools can track key metrics such as page views, conversions, and lead generation, which can all be used to provide a comprehensive understanding of your marketing campaign performance, regardless of whether you choose to use the blog tool.
Choosing not to use the marketing hub blog tool in HubSpot will not affect the comprehensive reporting of your marketing campaigns. Other tools and reporting mechanisms can track key metrics and provide a comprehensive understanding of your campaign performance.
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assume that in january 2020, the average house price in a particular area was $274,000. in january 1994, the average price was $180,000. what was the annual increase in the price of the average house sold? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
The Annual Increase in the selling price is 0.0163 or 1.63% (approx)(rounded off).
Annual Increase = [tex](\frac{Ending value}{Initial value})^{\frac{1}{n}} -1[/tex]
Where Ending Value = $274000, Initial Value= $180000, 'n' is the number of years = 26 years (i.e., From Jan 1994 to Jan 2020)
Annual Increase =([tex](\frac{274000}{180000} )^{ \frac{1}{26} } -1[/tex]
Annual Increase+1 = [tex](1.522222)^{\frac{1}{26} }[/tex]
Multiply both sides with the log
Log(Annual Increase+1) = Log[tex](1.522222)^{\frac{1}{26} }[/tex]
Log(Annual Increase+1) = [tex]\frac{1}{26}[/tex] log(1.522222)
Log(Annual Increase+1) = [tex]\frac{1}{26}[/tex]* 0.420171
Log(Annual Increase+1) = 0.016160
(Annual Increase+1) = 1.016291
Annual Increase = 1.016291-1= 0.016291
The average annual growth rate (AAGR) is the common increase or lower in the cost of an investment asset, portfolio, or cash flow over a special period of time. The AAGR is determined by using taking the numerical mean of unique yr-on-yr boom fees.
Increased costs are used to express the annual change in a variable as a percentage. An effective increase rate shows a variable is increasing through the years; a bad boom rate indicates that it's far decreasing. increase charges may be beneficial in assessing an organization's overall performance and predicting destiny's overall performance.
Annual percent charge (APR) refers back to the every-year hobby generated by a sum that is charged to debtors or paid to buyers. APR is expressed as a percentage that represents the real yearly price of the budget over the time period of a loan or profits earned on an investment.
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sdj, incorporated, has net working capital of $2,310, current liabilities of $5,450, and inventory of $1,225. what is the current ratio? note: do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. what is the quick ratio?
The answer is 1.42 times is current ratio, Using the formula for NWC, we get:
NWC = CA - CL
CA = CL + NWC
CA = $5,450 + 2,310
CA = $7,760
So, the current ratio is:
Current ratio = CA / CL
Current ratio = $7760 / $5450
Current ratio = 1.42 times.
Which current ratio is ideal?A company's ability to pay off its short-term obligations and debts with its current assets in a period of 12 months or less is determined by its current ratio, which is a liquidity ratio. A healthy current ratio is normally between 1.5 and 2, but it occasionally depends on the sector of the economy in which your business operates.
What happens if the current ratio exceeds 1?A corporation is able to meet its short-term obligations if it has a high ratio (somewhere above 1). The company is more capable the greater the ratio. However, if the company's current ratio is less than 1, it may indicate that it is unable to cover its short-term obligations.
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Which section of the adjusted trial balance is used to help prepare the income statement?
The income and expenses from the section of the adjusted trial balance will be moved into the relevant column in the section of the income statement. The asset, liability, and equity accounts—with the exception of revenues and expenses—are all included in the balance sheet section.
You can generate an income statement using data from the trial balance's revenue and expense account sections.
The Best Way to Create an Income Statement
Please print the trial balance. Access your accounting program and print a trial balance for the end of the period. Find out your total revenue or sales, calculate your cost of goods sold, calculate your gross profit, find out your operating costs, and then figure out your net income or loss.
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rising unemployment levels tend to stifle demand for goods and services, which can have the effect of forcing prices downward, a condition known as .
Rising unemployment levels tend to stifle demand for goods and services, which can have the effect of forcing prices downward, a condition known as Deflation
Deflation is a general decrease in costs for labor and products, normally connected with a compression in the stock of cash and credit in the economy. During flattening, the buying force of money ascends over the long run. Flattening causes the ostensible expenses of capital, work, merchandise, and administrations to fall, however their general costs might be unaltered. Deflation has been a well known worry among financial experts for quite a long time. All over, emptying benefits customers since they can buy more labor and products with a similar ostensible pay after some time.
Be that as it may, not every person wins from lower costs and business analysts are much of the time worried about the results of falling costs on different areas of the economy, particularly in monetary issues. Specifically, collapse can hurt borrowers, who can will undoubtedly pay their obligations in cash that is worth more than the cash they acquired, as well as any monetary market members who contribute or hypothesize on the possibility of rising costs.
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marine systems was the first company to develop an inventory management software specifically for hotels and restaurants. soon after marine systems launched its product, unicorn systems developed a similar software. the software developed by unicorn systems outperformed the one developed by marine systems, and it eventually became the market leader. in this scenario, unicorn systems is an example of a(n) . a. early follower [p. 93] b. eccentric laggard c. first pioneer d. late mover
Marine systems was the first company to develop an inventory management software specifically for hotels and restaurants. In this scenario, unicorn systems is an example of an Early follower.
The largest information systems and solutions in the field of information and communication technologies are offered by unicorn Systems, a well-known European business. In order to give the clients a competitive business advantage, they are committed to offering solutions with a high added value.
Since 1990, they have been providing their clients with services, and throughout that time, they have created a variety of sophisticated, extensive solutions that are currently being used to meet the ICT requirements of significant businesses in numerous vital economic sectors.
They have the best references from businesses in the government, trade, manufacturing, finance, insurance, energy, and utilities. It provides software solutions from the Lancelot suite of ETRM, EDM, and CIS.
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which security should sell at a greater price? a. a 9-year treasury bond with an 8.50% coupon rate or a 9-year treasury bond with a 9.50% coupon.
A 9 year Treasury Bond with a coupon rate of 8.5% ought to sell for more money.
A treasury bond is what?Treasury bonds are a particular category of debt instrument that the US Department of the Treasury issues. Treasury bonds are issued with maturities ranging from 10 to 30 years and are one of the safest investments currently accessible.
When the market rate is higher than the coupon rate, will a bond sell at a discount?When the market interest rate is higher than the bond's coupon rate, bonds are offered at a discount. Remember that a bond sold at par has a coupon rate equal to the market interest rate to grasp this idea.
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england, inc., has net sales of $120 million during the year and accounts receivable balances of $8 million and $7 million at the beginning and the end of the year, respectively. england's average days accounts receivable are outstanding is
To calculate the average days accounts receivable are outstanding, you need to determine the average accounts receivable balance during the year and divide it by the net sales per day.
England, Inc. has net sales of $120 million during the year and accounts receivable balances of $8 million and $7 million at the beginning and the end of the year, respectively. To calculate the average days accounts receivable are outstanding, you first need to determine the average accounts receivable balance during the year. This can be done by taking the average of the beginning and ending accounts receivable balances, which is $7.5 million. Then, divide this by the net sales per day, which is calculated as $120 million divided by 365 days, or $327,673.97.
Average accounts receivable = ($8 million + $7 million)/2 = $7.5 million
Net sales per day = $120 million/365 days = $327,673.97
Average days accounts receivable are outstanding = $7.5 million/$327,673.97 = 22.92 days
So, England, Inc.'s average days accounts receivable are outstanding is 22.92 days.
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in germany, one concern retailers have is ensuring that cash drawers have enough money to make change when consumers make purchases. one company went so far as to use a computerized model that monitored the weight of the cash drawer and signaled a need for replenishment. this is such a concern because consumers typically use cash to make purchases, which differs from other countries, such as the united states, where credit card use is more common. which cultural value does this illustrate?
This practice illustrates the cultural value of risk management in Germany, where retailers take measures to minimize the risk of running out of cash and being unable to make changes for customers.
In Germany, one of the concerns that retailers have is ensuring that they have enough cash on hand to make changes when consumers make purchases. This is a significant concern because consumers in Germany typically use cash to make purchases, rather than credit cards, which is more common in other countries such as the United States. In order to mitigate this risk, one company has implemented a computerized model that monitors the weight of the cash drawer and signals a need for replenishment. This approach to risk management highlights the cultural value placed on being prepared and avoiding potential disruptions to business operations. By ensuring that there is always enough cash available to make a change, retailers can maintain a high level of customer service and avoid the inconvenience and embarrassment of having to turn away customers or ask them to come back later. This cultural value of risk management is reflected in the proactive measures taken by this company, demonstrating the importance placed on being prepared and avoiding potential problems.
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as you move through your payment schedule on an amortized loan, what will happen to the interest portion of each month’s payment?
A greater portion of each minimum bill goes toward loan interest at the start of your amortization schedule.
What do bank payment information mean?Your bank could also require the following facts in addition here to customer's name, sort code, and account number: their location. A word or number of identification is frequently needed to pay bills. the name and location of the bank to which you are sending the funds.
What sort of payment is made online?You can make a payment online using the internet. Buyers will utilize this method of payment whether they are making in-person or online purchases. These include prepaid card cards, wire transfers, money transfer, and digital wallets, among other sorts of online payment options.
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an example of infrastructure is/are: a corporate stock. b government bonds. c a shopping mall. d the water supply system. e a new sports stadium.
An example of infrastructure is d. the water supply system.
A community or society's basic systems and facilities, such as roads, bridges, water supply systems, power grids, and communications networks, are referred to as infrastructure. These systems serve as the cornerstone for the efficient operation of other societal components, such as enterprises, residences, and public services.
The alternative choices, especially corporate stock, represent ownership in a business but usually do not count as infrastructure. Government bonds are financial products that the government issues to raise money, but they are not frequently considered to be infrastructure. A shopping mall is a type of commercial construction that offers places for shopping and entertainment, but it is not usually considered infrastructure. Although it is a recreational facility, a brand-new sports stadium is not normally considered infrastructure.
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an economy can produce either guns or butter with all available resources. suppose it currently produces all butter and it chooses to produce some guns, thereby giving up some production of butter. as a result, the first 200 units of guns are produced at the cost of only 50 units of butter. not surprisingly, the next 200 units of guns are produced at the cost of 150 units of butter and the last 200 units of guns at the cost of 300 units of butter. what does this describe? multiple choice question. the law of increasing opportunity costs. the notion that the production between guns and butter is a 1 to 1 ratio. the law of decreasing opportunity costs. the law of equal opportunity costs.
The opportunity cost to manufacture an additional good will rise as you expand the production of one good, according to the law of increasing opportunity cost.
What is Law of increasing opportunity cost ?First, keep in mind that opportunity cost, or what is given up when a decision is taken, is the worth of the next-best alternative.
An economic principle known as the law of growing opportunity cost states that when resources are allocated to the production of each new alternative unit, opportunity costs rise. This may happen when businesses with limited resources must decide between producing two different products.
According to the law of growing opportunity cost, as an economy progresses along its production possibilities curve toward producing more of a specific good, the potential cost of increased production will rise.
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y'all anyone have any name ideas for a brand for race cars
im kinda lost right now so any suggestions would be cool I could start from there and evolve
Answer:
turbo rush
Explanation:
lucky lee has won a contest where he can choose to receive $500 today or $550 one year from now. assuming his rate of return is 5%, how much is the $550 worth today? year4%5%6%7% 1.962.952.943.935 2.925.907.890.873 3.889.864.840.816 4.855.823.792.763 5.822.784.747.713
Assuming a 5% discount rate, the $550 payment made one year from now is worth $523.81 today. If Lucky Lee values the $500 equally in both time periods, he should opt to receive it today.
To determine how much the $550 is worth today, we need to calculate the present value of $550 one year from now at a discount rate of 5%.
Using the formula for present value of a future amount:
Present value = Future value / [tex](1 + r)^n[/tex]
Where r is the discount rate and n is the number of periods.
In this case, the future value is $550, the discount rate is 5%, and the number of periods is 1 (since the payment is due one year from now).
Present value = $[tex]550 / (1 + 0.05)^1[/tex]
Present value = $523.81
Therefore, the $550 payment one year from now is worth $523.81 today, assuming a discount rate of 5%. Lucky Lee should choose to receive $500 today if he values the money equally in both time periods.
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what is the principal portion of the 222nd payment of a fully amortizing $250,000, 30-year fixed rate loan with an interest rate of 4.825 percent? multiple choice $562.38 $1,315.44 $753.07 $565.29
The principal principal portion of the 222nd payment of a fully amortizing $250,000, 30-year fixed rate loan with an interest rate of 4.825 percent is $753.07.
What is a fixed rate loan?A loan with a fixed interest rate means that the interest rate will not change for the duration of the loan's fixed rate period. Because of this, the borrower can precisely predict their future payments.
A fixed rate of interest is the most popular type of interest for customers because it is simple to calculate, understand, and consistent. The borrower and lender are both aware of the specific interest rate obligations associated with a loan or credit account.
Loan amount = $250,000, and
The term of the loan = 30 years.
Interest = 4.825% annually.
Monthly rate = Annual rate / Number of months in a Year = 4.825% / 12
Principle portion of payment (PPMT)
= PPMT(4.825%/12,222,360-250000)
= $753.07
Therefore, the third option, $753.07 is the correct answer.
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What are the 3 forms of imperialism?
Imperialism is the outcome of a variety of factors, including to varied degrees economic pressures, human aggression and greed, the quest for fame and power, nationalistic sentiments, and humanitarianism.
What are three advantages of imperialism?There were new modes of transportation like rail, road, sea, and air. New cultures, faiths, and ways of life have all been introduced. The countries of the imperialists benefited from a cheap, productive workforce. Better farming practices led to an increase in food output.
What three factors led to the new imperialism?The development and adoption of a new theory—Social Darwinism—as well as technological advancements gave rise to the New Imperialist Age, which was fueled by economic, military, political, humanitarian, and religious factors.
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a firm has revenues of $150,000, a contribution margin ratio of 35%, and fixed expenses that total $60,000. if revenues increase by $30,000, then:
A company has $150,000 in sales, a 35% contribution margin, and $60,000 in fixed costs. If revenue growth is $30,000, then the answer is 160,000 or 160000.
What the definition of revenue?Revenue is the overall profit an organization makes through its primary activities, such as the sale of goods or services, the rental of real estate, regular payments, the interest on loans, etc. Before deducting any costs, like as discounts and returns, revenue calculations are performed.
Is income a gain?Although both profit and revenue are positive indicators for your company, they are not the same thing.Profit refers to net profit after subtracting expenses from earnings, whereas revenue refers to income gained through business operations.
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on the statement of revenues, expenditures, and changes in fund balance for the year ended june 30, 20x4, how should the general fund of gilbert report its share of the sales taxes that will be received in july 20x4? a. restricted revenue. b. deferred inflows of resources. c. revenue. d. unearned fund balance.
The general fund of Gilbert should report its share of the sales taxes that will be received in July 20x4 as deferred inflows of resources on the statement of revenues, expenditures, and changes in fund balance for the year ended June 30, 20x4.
Deferred inflows of resources are resources that are received but not yet earned, and they are reported as a liability on the financial statements until they are earned. In this case, the sales taxes that will be received in July 20x4 are not yet earned as of June 30, 20x4, and therefore should be reported as deferred inflows of resources.
Once the sales taxes are earned, they can be recognized as revenue in the period in which they are earned. Therefore, in the statement of revenues, expenditures, and changes in fund balance for the year ended June 30, 20x4, the general fund of Gilbert should not report the sales taxes as revenue, as they have not yet been earned. Instead, they should be reported as deferred inflows of resources until they are earned in the future period.
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To maintain a competitive advantage, gabriela’s company must be responsive to customers, be innovative, make high quality products, and do the work efficiently. True or False?
"To maintain a competitive advantage, gabriela’s company must be responsive to customers, be innovative, make high-quality products, and do the work efficiently. " is true. Option A
What is competitive advantage?Generally, Competitive advantage is a set of unique features of a company and its products that are perceived by the market to be superior to those of its competitors.
These features give the company an edge over its competitors and allow it to generate more sales and profits. Examples of competitive advantages include superior product quality, lower prices, faster delivery, better customer service, and innovative features.
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To maintain a competitive advantage, gabriela’s company must be responsive to customers, be innovative, make high quality products, and do the work efficiently. This is true.
Ways a company can maintain competitive advantageThe ways a company can maintain it's competitive advantage include:
Innovative products or services: Offer unique and innovative products or services that set your company apart from the competition.Cost-effectiveness: Implement cost-saving measures and efficient processes to reduce expenses and maintain lower prices than competitors.Strong brand reputation: Foster a positive image and reputation for your company, and maintain high standards for quality and customer service.Agility and adaptability: Quickly respond to market changes and customer needs, and embrace new technologies and trends to stay ahead of the competition.Customer relationships: Foster strong, loyal relationships with customers through personalized experiences, responsive support, and ongoing engagement.Strategic partnerships: Form strategic partnerships with complementary businesses to increase market reach and tap into new opportunities.Employee engagement: Empower and engage employees, and provide opportunities for professional development and growth to drive company success.Learn more on competitive advantage here https://brainly.com/question/26514848
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When measuring population sizes for purposes of apportioning representatives in the house, each slave would count as three fifths of a person. this concession to slave states is now known as the __ compromise.
When measuring population sizes for purposes of apportioning representatives in the house, each slave would count as three fifths of a person. This concession to slave states is now known as the Three-Fifths compromise.
What is the Three-Fifths Compromise?Compromise reached by delegates from the Northern and Southern states at the US Constitutional Convention, sometimes known as the "three-fifths compromise" (1787) In order to measure a state's overall population for legislative representation and taxation, it was determined that three out of every five slaves were counted.
The three-fifths compromise was a crucial component of the constitutional negotiations. Without this provision, it would have been challenging to convince southern states to ratify the treaty, decreasing the likelihood that a single United States would have been established.
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on january 1, barton brothers, incorporated started the year with a $704,000 balance in retained earnings and a $592,000 balance in common stock. during the year, the company reported net income of $97,000, paid a dividend of $14,300, and issued more common stock for $26,000. what is total stockholders' equity at the end of the year? multiple choice $1,296,000 $1,404,700 $1,433,300 $1,352,700
The total stockholders' equity at the end of the year is approximately C) $1,433,300. Stockholders' equity can include items such as common stock, preferred stock, retained earnings, and capital surplus.
Stockholders' equity, also known as shareholders' equity, refers to the portion of a company's total assets that is owned by its shareholders. It represents the residual interest in the assets of a company after deducting all its liabilities.
The formula for stockholders' equity is:
Stockholders' equity = Retained earnings + Common Stock
Retained earnings at the end of the year can be calculated as follows:
Retained earnings = Retained earnings (beginning of year) + Net income - Dividends
Retained earnings = $704,000 + $97,000 - $14,300 = $787,700
Common stock at the end of the year can be calculated as follows:
Common stock = Common stock (beginning of year) + Issued common stock
Common stock = $592,000 + $26,000 = $618,000
Finally, stockholders' equity can be calculated as follows:
Stockholders' equity = Retained earnings + Common Stock
Stockholders' equity = $787,700 + $618,000 = $1,405,700
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in a free market society, the answer to the question about how much to produce is determined by —
The response to the question of how much to create in a free market system is decided by consumer demand.
Why is it called a free market?The terms of trade, or prices, are established at every stage through the voluntary exchanges of suppliers with demanders. This market is "free" because decisions are made voluntarily and freely at every stage. Consumers have access to products from all over the world thanks to the free market and also the free price system.
Which five examples best describe a free-market economy?Hong Kong, Singapore, New Zealand, Canada, Switzerland, the Netherlands, the United Kingdom, Canada, and Ireland are a few economies that are typically viewed as having a free market. However, ratings of economic liberty differ depending on who is conducting the ranking.
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examples of nonprogrammed decisions would include the decision to . a. reorder supplies b. develop a new product or service c. perform routine maintenance on one of the machines in manufacturing d. terminate an employee for violation of company rules
Option (b), The choice to create a new product or service is an example of a nonprogrammed decision.
Nonprogrammed decision: What is it?
On the other hand, nonprogrammed decisions are original, unstructured selections that are frequently based on unclear criteria. Examples of non-programmed decisions include embracing and adjusting to new technology, buying another company, and strengthening brand image.
Do you have a decision in mind that is predetermined or spontaneous?Nonprogrammed decisions are those that are original and lack any predefined guidelines for reaching a conclusion. A choice that is based on predetermined criteria is referred to as being programmed. Managers can develop rules and guidelines for programmed judgments based on the facts already available, giving them the ability to take decisions quickly.
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if a company closes any underapplied or overapplied manufacturing overhead to the cost of goods sold account, then cost of goods sold will be debited if manufacturing overhead is overapplied for the period.
credited to or charged to the cost of the products sold. The Cost of Goods Sold is typically charged or credited for the under- and over-applied production overhead at year-end.
What happens when manufacturing overhead is overapplied to cost of products sold?When overhead has now been overapplied, the correct accounting procedure is to credit the cost of items sold and debit the manufacturing excess cost pool in the amount of both the overapplication. By doing this, the true amount of overhead expended is passed through as a cost of goods sold.
What occurs if manufacturing is not applied properly?Manufacturing overhead is underapplied if there is a debit balance, which understates the cost of items sold as a result. The correcting entry is as follows: If product costs has a balance due, the overhead has been overapplied and the resulting cost of goods sold amount has been inflated.
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a four-phase project is currently in the middle of the second phase. the project manager has determined that the number of people required to work in this phase was over-estimated. the project manager decides to release two team members from the project. which process is being described? answers a. control resources b. close project or phase c. control procurements d. acquire resources
Aspects of cost management include resource planning, cost estimation, budgeting, and control. Project quality control: Project deliverables and work products must be accurate.
What are a project's five phases?starting, planning, carrying out, keeping an eye on, and managing closure. The four stages of the project management life cycle are beginning, planning, carrying out the project, and finishing it. These phases make up the route that takes your project from the beginning to the end.
What are the four project management phases?You'll go through the same four phases of project management whether you're in charge of creating a website, designing a car, relocating a department to a new location, updating an information system, or just about any other project (small or large): planning, build-up, implementation, and closeout.
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suppose a nation has a total of 12 units of labor, which can be used to produce either guns or butter. one gun takes 6 units of labor to produce and 1 butter takes 2 units of labor to produce. question 1. true or false? this economy does not experience scarcity as it has enough resources to produce more than one unit of each of the two goods.
One gun takes 6 units of labor to produce and 1 butter takes 2 units of labor to produce. That statement is false. The economy experiences scarcity because the resources available are limited.
The Economics of ScarcityThe concept of scarcity is a fundamental principle in economics and refers to the limited availability of resources in comparison to the unlimited wants and needs of individuals. This principle is evident in the example of a nation with 12 units of labor that can be used to produce either guns or butter. Despite having enough resources to produce more than one unit of each good, the limited number of units of labor means that the economy experiences scarcity. The nation has to make a choice between producing guns or butter as it cannot produce the maximum quantity of both goods with the resources available. This highlights the trade-off that must be made in every economy where resources are limited and choices must be made about how to allocate them to meet the demands of society. The concept of scarcity is an important aspect of economics as it drives decision-making, and resource allocation, and drives innovation and progress in an economy.
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$18,244 is invested, part at 10% and the rest at 6%. if the interest earned from the amount invested at 10% exceeds the interest earned from the amount invested at 6% by $495.76, how much is invested at each rate? (round to two decimal places if necessary.)
The answer is 8127
How much is invested at each rate?step1:
x = amount invested at 10%
y = amount invested at 6%
x + y = 9192
0.10x = 0.09y + 716.85
step2:
we have a equation system
x= 9192-y
we substitute x in the second equation
0.10(9192-y)=0.09y+716.85
919.2-0.10y =0.09y+716.85
we clear y
919.2-716.85=0.09y+0.10y
202.35=0.19y
y=202.35/0.19=1065
then
x=9192-1065=8127
x = amount invested at 10%= 8127
y = amount invested at 9%
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question at position 9 one way that consumers can help prevent a decrease in the number of fish species that are experiencing population declines is to
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which university had the first master's-level sport administration program of study preparing students for jobs in a variety of sport-related industries?
Ohio State University had the first master's-level sport administration program of study preparing students for jobs in a variety of sport-related industries.
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The College of Business also provides students with opportunities to expand their experience and knowledge in sports administration through the Bachelors of Sports Management(opens in a new window) (BSM) program, an online Master of Athletic Administration(opens in a new window) (MAA), and the AECOM Center for Sports Administration(opens in a new window) education, which offers the first-ever sports gambling education professional certification.
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