the following cost data relate to the manufacturing activities of chang company during the just completed year: manufacturing overhead costs incurred: indirect materials $ 15,600 indirect labor 136,000 property taxes, factory 8,600 utilities, factory 76,000 depreciation, factory 250,700 insurance, factory 10,600 total actual manufacturing overhead costs incurred $ 497,500 other costs incurred: purchases of raw materials (both direct and indirect) $ 406,000 direct labor cost $ 66,000 inventories: raw materials, beginning $ 20,600 raw materials, ending $ 30,600 work in process, beginning $ 40,600 work in process, ending $ 70,600 the company uses a predetermined overhead rate of $25 per machine-hour to apply overhead cost to jobs. a total of 20,300 machine-hours were used during the year. required: 1. compute the amount of underapplied or overapplied overhead cost for the year. 2. prepare a schedule of cost of goods manufactured for the year.

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Answer 1

To compute the amount of underapplied or overapplied overhead cost for the year, we need to compare the overhead costs that were applied to jobs using the predetermined overhead .

What is overhead cost ?The overhead cost applied to jobs using the predetermined overhead rate is calculated as:

$25 per machine-hour * 20,300 machine-hours = $507,500

The difference between the overhead cost applied to jobs and the actual overhead cost incurred during the year is:

$507,500 - $497,500 = $10,000

Since the overhead cost applied to jobs is greater than the actual overhead cost incurred, we have an overapplied overhead cost of $10,000

We must determine the price of the raw materials utilised, the direct labour cost, and the manufacturing overhead cost in order to create a schedule of the cost of goods created for the year. The cost of direct labour and the cost of the raw materials utilised are then added to determine the price of the goods produced.

$406,000 - $20,600 (starting raw materials inventory) + $30,600 (ending raw materials inventory) = $416,000 is the cost of raw materials consumed.

The amount for direct labour is $66,000.Calculating manufacturing overhead expenses is as follows: $487,500 (actually incurred overhead costs) - $10,000 (overapplied overhead)

The cost of producing goods is computed as follows: $416,000 for raw materials + $66,000 for direct labour + $487,500 for manufacturing overhead = $969,500.

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Related Questions

winwin corporation has five board members, and each shareholder gets one vote per share. the company uses a straight board voting procedure. how does this arrangement affect minority shareholders?

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Under a straight board voting procedure, each board member has an equal vote regardless of the number of shares they own.

What is voting?

Voting is the act of exercising one's right to have a say in the decision-making process of a government or organization. It is a fundamental part of a democratic society, allowing people to directly influence the laws, policies, and decisions that shape their lives.

This means that minority shareholders, who hold fewer shares, will have less influence over the decision making process of the organization. However, if the other shareholders are supportive of the minority shareholders' views, their influence can be maximized. Additionally, the minority shareholders may be able to influence the board by forming alliances with other shareholders who share their views.

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xyz company had a beginning balance for supplies of $950, and purchased $900 of supplies for the year. if the remaining supplies at year-end are $350, what adjusting entry does the company need to record? select an answer and submit. for keyboard navigation, use the up/down arrow keys to select an answer. a debit: supplies expense $350 and credit: supplies $350 b debit: supplies $900 and credit: cash $900 c debit: supplies expense: $1500 and credit: supplies $1500 d debit: supplies $1500 and credit: supplies expense $1500

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Supplies expense: $1500 is debited; Supplies: $1500 is credited.

Credit is the customer's capacity to make a purchase without making a payment with the understanding that they would eventually be able to pay for it. In an entry recording for accounts, credit is a sum received and is shown on the right side or column of an account. Your capacity to pay is a factor in the credit. You can get what you need right away, like a credit card or a car loan, knowing that you can make payments later. Making a strategy to lower your mortgage assures that you will seek credit if required. Your statement serves as the basis for the numerous financial reporting companies that the borrowers use to assess the loan's value.

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methods by which successful executives show their interest in learning what others are thinking include group of answer choices holding town hall meetings and consulting employees on what they would do if in charge. holding town hall meetings and consulting bankers on what they would do if in charge. holding retreats and consulting rivals on what they would do if in charge. consulting rivals and consulting investment bankers.

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The correct choices are

Holding town hall meetings and consulting employees on what they would do if in charge.Holding retreats and consulting rivals on what they would do if in charge.

Organizing town hall gatherings and asking staff members what they would do if they were in charge.

By using this technique, leaders may demonstrate their respect for their employees' ideas while also gaining insights and viewpoints from individuals who are directly involved in the day-to-day operations of the company.

Organizing retreats and asking competitors what they would do if they were in charge.

With the use of this technique, executives may learn more about the industry's competitive environment and the strategies and tactics used by other businesses. It may also be a chance for networking and establishing connections with colleagues.

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databases used by marketers may include information that is either _______ or _______.

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Marketers may use databases that include either external or internal information.

Who are the marketers?

The marketer is a professional who advertises the goods as well as services of a company. They identify the tactics that can increase revenue and profits while trying to make sure that these tactics are in line with both customer and market need.

What is the role of marketeer?

A marketing manager is a marketing specialist who constructs multichannel communication strategy for organisations. Depending on the nature and needs of their employer, a salesperson may specialise in one or maybe more areas of work or work in a variety of them.

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A investment banking firm found that an analytical skills selection test it had been using to hire financial associates actually helped the firm to obtain more major clients and to increase the revenue and profitability of the firm. This is an example of selection test that possesses: reliability generalizability utility content validity legality

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This is an example of selection test that possesses are Reliability, utility, content validity, and legality.

What is the Reliability?

Reliability is the ability of a product, system, or service to consistently perform according to its specifications. It is the probability that an item will perform its intended function for a specified period of time under stated conditions. Reliability is an important factor in many aspects of life, from engineering and technology, to finance and health care. Reliability is measured in terms of how often something works correctly over a certain period of time. It can be assessed through testing, surveys, and other forms of analysis.

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What is the difference between quotas tariffs and embargoes?

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Governments impose charges called tariffs on a certain category of imported goods. Quotas are import caps that ban a country from importing more of a certain good than a predetermined amount. An embargo is a restriction on trade with a certain country, a certain class of goods, or any single commodity.

What are some instances of tariffs, quotas, and embargoes?

To safeguard domestic industries and employees, trade barriers are frequently implemented. Protectionism is the term used to describe this. For instance, tariffs, quotas, and embargoes raise the price and decrease the availability of foreign goods.

What does an embargo look like?

Embargoes might include restrictions on export or import, quotas for quantity, special tolls and fees, restrictions on the use of certain vehicles for transporting goods, the freezing or seizure of goods, assets, or bank accounts, and restrictions on the movement of specific technology or goods (high-tech)

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gdp includes: group of answer choices the negative attributes in our quest for more goods and services such as soil erosion and deforested landscape. all quality improvements resulting from higher quality goods replacing inferior goods. the cleaning-up expenses associated with pollution. the value of leisure time.

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The cost of environmental cleanup is accounted for in GDP.

What is included in the GDP and what is excluded?

The Gross Domestic Product (GDP) is made up of commodities and services generated for market consumption as well as some nonmarket production, including government-provided services in the areas of military or education.  Gross national product, or GNP, is another term that refers to the total production of a nation's citizens.

Which four components make up GDP?

Consumption, investment, government spending, exports, and imports are the components used in the expenditures approach to computing GDP.

What three things are a part of GDP?

Personal consumption, corporate investment, government spending, and net exports are the four main components of the gross domestic product. 1 That reveals what a nation excels at generating. The nation's annual total economic production is measured by its GDP. It is comparable to the amount that is spent in that economy.

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aaa has a contract to build a building for $ 100,000 with an estimated time to completion of three years. a reliable cost estimate for the project is $60,000. in the first year of the project, aaa incurred costs totaling $24,000. how much profit should aaa report at the end of the first year under the percentage-of-completion method?

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The profit should AAA reported at the end of the first year under the percentage-of-completion method is $16,000.

Profit is the term used to describe the financial gain experienced when the revenue from a commercial activity outpaces the costs, costs, and taxes associated with maintaining the activity in question.

The computation of the profit that should be reported is shown below:

= (Incurred cost ÷ Estimation of the cost ×  Contract price) - (Incurred cost)

= ($24,000 ÷ $60,000 × $100,000) - ($24,000)

= $40,000 - $24,000

= $16,000

Hence, the profit that should be recorded is $16,000

We simply applied the above formula so that the correct value could come And, the same is to be considered.

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which of the following is an example of a firm that is failing its fundamental social responsibility? multiple choice a firm that uses resources at unsustainable rates a firm that prioritizes environmental sustainability a firm that is financially unstable a firm that has its loss margins exceeding its profit margins

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Option 1st is correct. A firm that uses resources at an unsustainable rate is an example of a company failing to meet its basic social responsibilities.

Do something for your community, like volunteering, donating blood, or working at a food bank or animal shelter. Support issues that affect society, such as advocating for political or social issues that can help others. For example, advocating for child labor laws, buying fair trade products, and recycling.

Her four main types of CSR are social responsibilities, ethical responsibility, philanthropic responsibility and financial responsibility.

Corporate social responsibility refers to the obligation to choose and carry out desirable behaviors in relation to the goals and values ​​of our society.

According to Carroll Model, his four levels of corporate social responsibility are:

Physically, economically, socially and legally. physically, financially, legally and ethically. charitable, economic, legal, ethical.

There are four corporate social responsibilities: environmental responsibility, ethical responsibility, philanthropic responsibility and economic responsibility. However, companies can also consider various forms of CSR. Diversity, inclusion, well-being, employee engagement, etc. 

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based on the following information, what is earnings per share? common shares outstanding 80,000 preferred stock dividend declared and paid $ 32,000 net income $ 280,000

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Earnings per share (EPS) is a financial metric that measures the amount of net income earned by a company for each outstanding share of common stock.

It can be calculated by dividing the net income by the number of outstanding common shares:

EPS = Net Income / Common Shares Outstanding

Using the information provided:

EPS = $280,000 / 80,000 = $3.50

Note that the preferred stock dividend paid of $32,000 is not considered in the calculation of EPS, as it is paid to preferred shareholders rather than common shareholders. EPS is a commonly used financial ratio that provides investors with an idea of the company's profitability and potential for future growth. It is used to compare the earnings of different companies and to help investors assess the potential return on their investment.

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In value-chain analysis, primary activities include human resource management and procurement.TrueFalse

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False. In value-chain analysis, primary activities include human resource management and procurement.

What happens in Value Chain Analysis?


In value chain analysis, primary activities include:

Inbound Logistics: Receiving, storing, and distributing raw materialsOperations: Turning raw materials into finished productsOutbound Logistics: Delivering finished products to customersMarketing and Sales: Promoting and selling productsService: Providing post-sales support

Human Resource Management and Procurement are considered support activities, not primary activities. They support primary activities by providing resources and services to the organization.

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if the marginal benefit of an activity exceeds the marginal cost of the activity (mb > mc), we should multiple choice question.

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If an activity's marginal benefit is greater than its marginal cost (mb > mc), the activity should be increased.

In managerial accounting, the idea of marginal cost is crucial because it may be used to maximize production through economies of scale within an organization.

By producing at the point where marginal cost (MC) equals marginal revenue, a business can optimize its earnings (MR).

Because fixed costs are fixed regardless of output levels, larger production spreads the total fixed cost over more units, resulting in a lower fixed cost per unit.

Production levels affect variable costs, so increasing the number of units will increase those costs.

Companies need to be aware of the situations where growing production leads in step costs due to changes in relevant ranges (such as buying more machinery).

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select the account classification that matches with the description.items financial statements a. the change in retained earnings due to net income and dividends. b. amount of cash received from borrowing money from a local bank. c. revenue from sales to customers during the year. d. total amounts owed to workers at the end of the year.

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The account classification under revenues includes sales of products or services, stockholders' equity includes owners claiming resources, and dividends include distributions to stockholders.

Assets, liabilities, stockholders' equity, dividends, income, and expenses are all types of accounts. The selling of goods or services generates income for the company. According to the accrual approach, revenue is only recorded until a business has fulfilled its duty to provide customers with goods or services by doing so. To determine the company's profitability or bottom line, expenses are subtracted from sale revenue. The account classification can be done as follows:

Revenues- Sales of products or services Stockholders quity- Owners claims to resources Dividends- Distributions to stockholdersExpenses- Costs of selling products or services.Assets- Resources of a companyLiabilities- Amounts owed.

Indicate for each transaction whether the account would be categorized as a revenue or expense in the income statement, an asset, liability, or stockholders' equity in the balance sheet, or as a dividend in the statement of stockholders' equity.

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Correct question is:

Select the account classification that matches with the description.

Classifications: Assets, Dividends, Expenses, Liabilities, Revenues, and Stockholders' equity

Descriptions:

- Sales of products or services

- Owners claims to resources

- Distributions to stockholders

- Costs of selling products or services

- Resources of a company

- Amounts owed

the delivery of medical care in preindustrial america was governed mainly by group of answer choices high barriers to entry professionalization of medical care collusion among providers free market conditions

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The delivery of medical care in preindustrial America was governed mainly by d. free market conditions.

The free market is an economic system based on supply and demand that is subject to little or no government regulation. It is a summary of all voluntary exchanges that occur in a given economic context.

Individuals make economic decisions in free marketplaces through a spontaneous and decentralized order of arrangements. A country's free market economy can range from very vast to completely illegal, depending on its political and legal norms.

The word "free market" is occasionally used interchangeably with laissez-faire capitalism. Most people think of the "free market" as an economy with unrestricted competition and just private transactions between buyers and sellers.

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Correct question:

the delivery of medical care in preindustrial America was governed mainly by

a) high barriers to entry

b) professionalization of medical care c

c) collusion among providers

d) free market conditions

suppose you currently make 50,000 per year in taxable income, but you are about to receive a raise. the rate at whixh the last dollar of your raise is taxed is called the

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You currently make 50,000 per year in taxable income, but you are about to receive a raise. the rate at which the last dollar of your raise is taxed is called the Marginal tax rate.

What is Marginal tax rate?

The amount of additional tax paid for each new dollar of income received is known as the marginal tax rate. Total taxes paid divided by total income earned is the average tax rate.

With a marginal tax rate of 10%, tax would be deducted from the following dollar of income at a rate of 10%. The progressive taxation technique seeks to tax people in accordance with their wages, with low-income earners paying less in taxes than high-income earners.

The marginal tax rate rises as income rises under the progressive income tax system used for federal income tax in the United States. Income levels are used to divide marginal tax rates into seven tax groups.

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if you were asked to develop a low-cost provider strategy for a start-up ride-sharing business, what would you most likely not recommend?

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The option that most likely not recommended is Offer low prices on short-distance rides. In the other side, the eliminate peak pricing for rides during rush hour also not recommended.

In the term of business and economic, A marketing strategy generally can be defined as a long-term plan for achieving a company's goals. The marketing strategy can be achieve by understanding the needs of customers and creating a distinct and sustainable competitive advantage. Marketing strategy encompasses everything from determining who your customers are to deciding what channels you use to reach those customers.

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if the supply curve shifts leftward and the demand curve also shifts leftward, and if demand shrinks relatively less than supply, then price will: question 34 options: a) fall and quantity will rise. b) rise and quantity will fall. c) be indeterminate and quantity will fall. d) stay the same and quantity will fall.

Answers

Price will be uncertain and quantity will decrease if the supply and demand curves both move to the left and if demand shrinks substantially less than supply.

What happens when demand and supply both move to the left?

When demand is steady and supply is increasing, the supply curve moves to the right, creating an intersection where quantity and prices are lower. On the other hand, a negative change in supply causes the curve to move to the left, raising prices and lowering quantity.

What happens to the supply curve when it changes to the left?

A movement in the supply curve upward or to the left will create a higher equilibrium price and a lower equilibrium quantity because the demand curve is typically downward sloping.

What would happen to the equilibrium price if the demand curve shifted to the left?

Demand shifting to the left would undo the effects and cause a decrease in quantity as well as price. The overall conclusion is that changes in demand drive the equilibrium price and quantity to move in the same direction.

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the concept that states that the timing of the receipt or payment of a cash flow will affect its value to the holder of the cash flow.

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The concept that indicates that the timing of the receipt or payment of a cash flow affects its value to the holder of the cash flow is known as "time value of money".

The Time Value of Money (TVM) states that the value of a unit of currency received today is greater than the same unit received in the future. This is due to the opportunity cost of not having the money available for investment or spending. TVM takes into account the rate of return that could be earned if the money were invested, as well as inflation and the impact on purchasing power over time.

Understanding the time value of money is important in finance and investment decisions, as it helps individuals and businesses determine the present value of future cash flows and make informed decisions about investments, loans, and other financial instruments.

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ow can you, as a salesperson, best avoid disagreements with a customer about the amount of money the customer gave you as payment?

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As a salesperson, the best way to avoid disagreements with a customer about the amount of money by placing the money on the cash drawer ledge.

Who is a salesperson?

Simply said, a sales representative promotes a company's brand while selling their goods or services. From the initial lead outreach until the actual purchase, they manage client connections and function as the primary point of contact.

Responsibilities:

1. To existing and potential customers, present, market, and sell products/services using strong arguments.

2. To address the demands of current and new customers, perform cost-benefit and needs analyses.

3. Create, nurture, and preserve effective client and company relationships.

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what is the general term for resources used by a business to produce a good or service referred to as?

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Factors of Production is the general term for resources used by a business to produce a good or service.

Land, labour, entrepreneurship, and capital are examples of the factors of production, which are the inputs needed to generate a good or service. The owners of the major production elements are typically the richest persons in a society. In capitalism, the production factors are typically influenced by business owners and investors.

In socialist systems, the state (or community) typically has more control over the inputs necessary for production. In economics, the inputs used to produce goods or services that make a profit are referred to as factors of production. Land can refer to farming and the use of natural resources as a part of production in agriculture.

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update your trial balance with the following accounts and balances and then answer the questions that follow. cash 137,000 salaries payable 6,600 accounts payable 47,500 service revenue 233,700 common stock 136,400 accounts receivable 142,000 rent expense 32,800 advertising expense 48,400 salaries expense 119,600 retained earnings 90,200 prepaid rent 35,000 dividends 8,200 supplies 29,600 notes payable 38,200 required: 1. what are the total debits and credits on your revised trial balance? 2. assuming the retained earnings balance was entered on the wrong side of the trial balance, what would the total debits and credits be? 3. if a trial balance is in balance, one can assume that all accounting transactions have been recorded for the period. multiple choice true, if all transactions are recorded then the trial balance will be in balance. false, a trial balance reflects that every recorded transaction has equal debits equal credits, not that the entries are complete or correct.

Answers

The debits and credits are not equal, so the trial balance is not in balance.

How are total debits calculated ?The total debits on the revised trial balance are $857,600 ($137,000 + $47,500 + $32,800 + $48,400 + $119,600 + $35,000 + $8,200 + $29,600 + $38,200) and the total credits are $765,900 ($6,600 + $233,700 + $136,400 + $142,000 + $90,200)The total debits would be $765,900 ($137,000 + $47,500 + $32,800 + $48,400 + $119,600 + $35,000 + $8,200 + $29,600 + $38,200) and the total credits would be $857,600 ($6,600 + $233,700 + $136,400 + $142,000 + $90,200). This would happen if the retained earnings balance was entered on the wrong side of the trial balance. The trial balance is out of balance in this instance because the debits and credits are not equal.False. A trial balance shows that all transactions that have been recorded have equal debits and credits, not that the entries are comprehensive or accurate. A trial balance does not ensure that all transactions are accurately or completely recorded for the period; it merely verifies that the sum of the debit entries and the credit entries is equal.

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do you think the benefits of iot devices in the workplace outweighs the security risks? why or why not?

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The benefits of IoT devices in the workplace outweigh the security risks depends on the specific application and the security measures that are in place.

IoT devices can offer many benefits, such as improved communication, centralized data access, and automation, but they also come with security risks such as data breaches, malicious attacks, and unauthorized access. To maintain a secure workplace, businesses must ensure that they have the necessary security measures in place, such as encryption, secure authentication, and monitoring.

If these measures are in place, the benefits of IoT devices can often outweigh the security risks. Additionally, businesses should conduct regular risk assessments to identify potential vulnerabilities and implement security controls to mitigate those risks. Ultimately, businesses should assess the risks and benefits of implementing IoT devices and make an informed decision about whether or not the benefits outweigh the security risks.

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you spend a year of your life living with and studying crab fishermen. at the end of this time you document eveerything that you have learned. this is called an

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You live with crab fisherman for a year while learning about their work. You keep track of all you learn throughout this period by writing it all down. It is referred to as a "ethnography."

Explain about the term ethnography?

A key research technique for understanding the world through the eyes of it's own social relations is ethnography.

It's a qualitative research technique founded on the diversity of local (and global) cultures. Ethnography entails learning firsthand and on the spot, and it is pertinent anywhere people are pertinent. The main method used in societal and cultural anthropology is ethnography, which also serves as the basis for many other social sciences and humanities fields, including the natural sciences.

You live with crab fisherman for a year while learning about their work. You keep track of all you learn throughout this period by writing it all down.

Thus, it is referred to as a "ethnography."

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which of the following is a similarity between frederick w. taylor and lillian gilbreth? question 6 options: they both used film cameras to analyze jobs. they both developed time study. they both proposed giving workers longer work hours and fewer breaks. they both strove to simplify work.

Answers

They both developed time to study. Option B

Who is Frederick W. Taylor?

Generally,  - Frederick Winslow Taylor was an American mechanical engineer who sought to improve industrial efficiency. He is regarded as the father of scientific management and was one of the first management consultants.

Taylor was one of the intellectual leaders of the Efficiency Movement and his ideas, broadly conceived, were highly influential in the Progressive Era.

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These activities on the statement of cash flows represent the cash flows that arise out of the purchase and sale of plant and equipment a.) Earnings Activities
b.) Financing Activities
c.) Operating Activities
d.) Investing Activities

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These activities on the statement of cash flows represent the cash flows that arise out of the purchase and sale of plant and equipment d) Investing Activities.

Buying tangible assets, investing in securities, or selling securities or assets are all examples of investing activity. If a company is building in lengthy health of the company, negative cash flows from investing activities could not be a bad indicator.

Investing activities entail long-term uses of capital in their cash flow. Buying or selling a fixed asset, such as real estate, machinery, or equipment, would be considered investing. Additionally, funds received as a consequence of a merger or purchase or the proceeds generated by the sale of a segment would be considered investment activities.

The most popular ones are probably equities, bonds, property, and ETFs/mutual funds. Real estate, certificates of deposit, annuities, cryptocurrencies, commodities, rarities, and bullion are more investment options to think about.

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When the federal government crafts environmental policies that make it less expensive for firms to follow green​initiatives,?
A. the policies are futile because where the environment is​concerned, it has been repeatedly shown that firms do not respond to economic incentives.
B. the policies are likely to be more successful than policies that cost firms​ more, but they do not recognize economic incentives.
C. the policies are consistent with economic incentives.
D. pollution is likely to increase.

Answers

When environmental regulations are in line with financial incentives, the federal government creates laws that reduce the cost for businesses to adopt green practices.

When the government creates environmental regulations that reduce the cost of businesses adopting green practices?

Environmental laws created by the federal government that reduce the cost for businesses to adopt green initiatives are consistent with financial incentives. Two types of efficiency exist: When a thing or service is produced as cheaply as feasible, this is known as productive efficiency. The definition of a financial incentive is: a monetary reward supplied to promote behavior or actions that would not otherwise occur. Actions that might not take place without the financial reward are motivated by financial incentives.

When production reflects consumer preferences, allocation efficiency develops.

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in which of the following cases is the assumption most reasonable? a. to estimate the speed at which a beach ball falls, a physicist assumes that it falls in a vacuum. b. to address the impact of taxes on income distribution, an economist assumes that everyone earns the same income. c. to address the impact of money growth on inflation, an economist assumes that money is strictly coins.

Answers

to discuss the effects of economic expansion Is the correct response

Indicators of economic growth include:

Using estimates like the GDP, economic growth is frequently calculated as the rise in the total market value of newly created products and services. The term "economic growth" describes the gradual expansion of a nation's economy. Typically, the gross domestic product, or the sum of all goods and services produced in an economy, is used to determine the size of that economy (GDP). Real or nominal values can be used to gauge economic growth. Economic growth refers to a rise in the quantity of goods and services generated per person over time.

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suppose that the economy is in long-run macroeconomic equilibrium and aggregate demand increases. as the economy moves to short-run macroeconomic equilibrium, there is:

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In the short-run this will lead to an amplify in the equilibrium of goods supplied and demanded. Since there is greater demanded, firms will produce greater and fees will increase.

In the long-run, fees enlarge even greater however the equilibrium degree of output will fall again to the ancient equilibrium degree of output.

What is the relationship of mixture demand and mixture provide to the concept of macroeconomic equilibrium?

In economics, the macroeconomic equilibrium is a kingdom where mixture grant equals mixture demand.

The short run in macroeconomics is a period in which wages and some different fees are sticky. The lengthy run is a period in which full wage and price flexibility, and market adjustment, has been achieved, so that the financial system is at the herbal level of employment and practicable output.

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megan and felix returned application forms promptly. last month, ace medical released a safety report. indicated that all ace products received superior ratings. did larry indicate that he and had completed the proposal? the advisory board released recommendation regarding the expansion plan.

Answers

No, Larry did not indicate that he and Megan had completed the proposal.

What is proposal?

A proposal is a plan of action put forward by one party to another party with the intent of convincing them to agree to the proposed plan. It typically includes an outline of the proposed project and its goals, a timeline for completion, the resources needed for completion, the expected outcome, and the potential benefits of the proposal. A proposal can also be used to suggest a solution to a problem or to provide an alternative course of action. Proposals are often used to secure funding, resources, or services from potential partners or investors.

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consultative-style selling, which emerged in the late 1960s and early 1970s, is an extension of the marketing concept. t/f

Answers

A sales strategy called consultative selling, often known as needs-based selling, involves representatives acting more like advisors than salespeople.

What is selling according to marketing principles?

Selling is defined as making other people better at what they already do. Instead of speaking from your position throughout every sales discussion, consider the customer's perspective. Never say "my product is fantastic." Always say, "Let me know how I might help."

How do you sell skills?

Planning and strategizing, analyzing needs, fostering understanding, positioning value, storytelling, overcoming objections, resolving objections in front of groups, presenting with teams, and negotiation to close are just a few of the sales abilities that enable professionals to win prospects.

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