The example demonstrates a floating exchange rate: Short-term moves in a floating exchange rate currency reflect speculation, rumors, disasters, and everyday supply and demand for the currency.
In a floating regime, exchange rates are generally determined by the market forces of supply and demand for foreign exchange. For many years, floating exchange rates have been the regime used by the world's major currencies – that is, the US dollar, the euro area's euro, the Japanese yen and the UK pound sterling.
Exchange rates are determined by factors, such as interest rates, confidence, the current account on balance of payments, economic growth and relative inflation rates.When an exchange rate changes, the value of one currency will go up while the value of the other currency will go down. When the value of a currency increases, it is said to have appreciated. On the other hand, when the value of a currency decreases, its value decreases.
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a global economist hired by telecomp, the US-based computer manufacturer in problem in problem
Answer:
Introduction which tells about what is going to be talking about
ASAP Please help and thank you!
Charles, age 45, would like to determine how much life insurance to purchase using the human life value approach. He assumes his average annual earnings will remain at $40,000. Of this amount, $20,912 is available annually for the support of his family. Charles will generate this income for 24 more years and he believes that 5.37 percent is the appropriate interest (discount) rate. What is Charles' human life value? (Round your answer to 2 decimal places)
Charles' human life value will be $249,200.
What is the process of calculating life value?The process of calculation of life value in an insurance is that first of all determine the current income and than subtract the expense, premiums of insurance, and payment of income tax. The third step is recall the number of years of earning which are remaining before the age of retirement .The life value is an economic value which is used to judge the benefit for the reason of avoiding the rate of fatality.
The third step is recall the number of years of earning which are remaining before the age of retirement and than find the discounting factor rate including inflation.The life value is an economic value which is used to judge the benefit for the reason of avoiding the rate of fatality.
Therefore, Charles' human life value will be $249,200.
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What was sweeten company cost of goods sold for march? (Do not round)
Sweeten Company's Cost of Goods Sold for March was $130,200.
How is the cost of goods sold determined?The cost of goods sold is made up of the costs of direct materials, direct labor, variable manufacturing overhead, and fixed manufacturing overhead.
Data and Calculations:Molding Fabrication Total
Estimated total manufacturing hours 4,000 2,400 6,400
Estimated Fixed manufacturing overhead $16,000 $24,000 $40,000
Estimated variable manufacturing overhead
per machine hour $1.40 $2.20
Job P Job Q
Direct materials $20,800 $12,800
Direct labor 33,600 12,000
Actual Machine Hours:
Molding 2,740 1,280
Fabrication 960 1,420
Total machine hours 3,700 2,700
Units produced 20 30
Predetermined Overhead Rates:Molding Fabrication
Estimated total manufacturing hours 4,000 2,400
Estimated Fixed manufacturing overhead $16,000 $24,000
Predetermined Overhead Rates $4 $10
($16,000/4,000) ($24,000/2,400)
Determination of Applied Overhead Costs:Job P Job Q
Variable Overhead $5,180 ($1.40 x 3,700) $5,940 ($2.20 x 2,700)
Fixed Overhead:
Molding $10,960 (2,740 x $4) $5,120 (1,280 x $4)
Fabrication $9,600 (960 x $10) $14,200 (1,420 x $10)
Fixed Overhead $20,560 $19,320
Total overhead $25,740 $25,260
Determination of Cost of Goods Sold:Job P Job Q Total
Direct materials $20,800 $12,800 $33,600
Direct labor 33,600 12,000 45,600
Variable Overhead 5,180 5,940 11,120
Fixed Overhead 20,560 19,320 39,880
Cost of goods sold $80,140 $50,060 $130,200
Cost per unit $4,007 $1,669
Thus, Sweeten Company's Cost of Goods Sold for March was $130,200.
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Marjorie Knaus, an architect, organized Knaus Architects on January 1, 20Y4. During the month, Knaus Architects completed the following transactions:
Recording transaction is a basic accounting process, with a few steps involved. The first step is to determine the transaction and which accounts it will affect. The second step is recording in the particular accounts. Consideration must be taken when numbers are inputted into the debit and credit sections.
According to T-accounts:
Cash
Account Titles Debit Credit
Common stock A. $30,000
Rent Expense B. $2,500
Automobiles, Equipment C. 6,000
Supplies E. 2,100
Prepaid Insurance F. 3,600
Accounts Receivable G. 9,000
Miscellaneous Expenses H. 2,600
Accounts Payable I. 4,000
Notes Payable J. 1,875
Salary Expense M. 6,000
Automobiles Expense N. 1,300
The Balance is $9,025
Now the Total is $39,000 $39,000
Accounts Receivable
Account Titles Debit Credit
Cash G. $9,000
Professional Fees L. 31,400
Balance $22,400
Supplies
Account Titles Debit Credit
Cash E. $2,100
Prepaid Insurance
Account Titles Debit Credit
Cash F. $3,600
Automobiles, Equipment
Account Titles Debit Credit
Notes Payable C. $22,500
Cash C. 6,000
Accounts Payable D. 8,000
Balance $36,500
Notes Payable
Account Titles Debit Credit
Automobiles, Equipment C. $22,500
Cash J. $1,875
Balance $20,625
Accounts Payable
Account Titles Debit Credit
Automobiles, Equipment D. $8,000
Cash I. $4,000
Blueprint Expense K. 5,500
Balance $9,500
Common Stock
Account Titles Debit Credit
Cash A. $30,000
Professional Fees
Account Titles Debit Credit
Accounts Receivable L. $31,400
Salary Expense
Account Titles Debit Credit
Cash M. $6,000
Blueprint Expense
Account Titles Debit Credit
Accounts Payable K. $5,500
Rent Expense
Account Titles Debit Credit
Cash B. $2,500
Automobile Expense
Account Titles Debit Credit
Cash N. $1,300
Miscellaneous Expense
Account Titles Debit Credit
Cash H. $2,600
Trial Balance
As of January 31, 2018:Account Titles Debit Credit
Cash $9,025
Accounts receivable 22,400
Supplies 2,100
Prepaid Insurance 3,600
Automobiles, Equipment 36,500
Notes Payable $20,625
Accounts Payable 9,500
Common Stock 30,000
Professional Fees 31,400
Salary Expense 6,000
Blueprint Expense 5,500
Rent Expense 2,500
Automobiles Expense 1,300
Miscellaneous Expense 2,600
Totals $91,525 $91,525
Data and Transaction Analysis:A. Cash $30,000 Common Stock
B. Rent Expense $2,500 Cash $2,500
C. Automobiles, Equipment $28,500 Cash $6,000 Notes Payable $22,500
D. Automobiles, Equipment $8,000 Accounts Payable $8,000
E. Supplies $2,100 Cash $2,100
F. Prepaid Insurance $3,600 Cash $3,600
G. Cash $9,000 Accounts Receivable $9,000
H. Miscellaneous expenses, $2,600 Cash $2,600
I. Accounts Payable $4,000 Cash $4,000
J. Notes Payable $1,875 Cash $1,875
K. Blueprint Expense $5,500 Accounts Payable $5,500
L. Accounts Receivable $31,400 Professional Fees $31,400
M. Salary Expense $6,000 Cash $6,000
N. Automobiles Expense $1,300 Cash $1,300
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https://brainly.com/question/14670286#SPJ9What is the role of the Federal Reserve System?
a
It adjusts the interest rates for loans.
b
It ensures all financial institutions follow banking laws.
c
It protects up to $250,000 of customer deposits.
d
It regulates the business practices of stockbrokers.
Answer:
a
It adjusts the interest rates for loans.
Explanation:
The core fed responsibilities include managing money supply, , and regulating financial markets.
It adjusts the interest rates for loans, is the role of the Federal Reserve System. Thus, option (a) is correct.
What is Federal Reserve System?The Federal Reserve System, also known as the Federal Reserve or simply "the Federal," is the United States' central bank. The Congress established it to give the country with a more secure, adaptable, and stable financial and monetary system. The Federal Reserve is the United States' central bank.
Financial institutions and operations are regulated and supervised. The Federal Reserve examines the effects of each banking institution's safety and health on the wider financial system. The Federal Reserve System is the name given to the United States' central bank. Its key responsibilities include regulating the country's monetary policy and monitoring banks.
As a result, the interest rates for loans, is the role of the Federal Reserve System. Therefore, option (a) is correct.
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Critical Thinking
7. Classify Identify the factor of pro-
duction represented by each of the
following: (a) fishing waters, (b) an
office building, (c) clerks in a store,
(d) a tractor, (e) a student in a cook-
ing school. Explain.
Quic
10. Loo
Wo
list
ar
n
8. Infer If companies can become
more productive by increasing their
physical capital, why would a com-
pany not buy up-to-date computers
for all employees each year?
9. Apply Think of a good or service
that you consumed today. List at
least five factors of production used
to produce that good or service.
Include at least one example each of
land, labor, and capital.
7. The production factor are, (a) fishing waters Land, (b) an office building Capital, (c) clerks in a store Labor, (d) a tractor Capital, (e) a student in a cooking school Entrepreneurship.
What is factor of production?There are four factors of production namely, land, labor, capital and entrepreneurship.
8. Infer If companies can become more productive by increasing their
physical capital, why would a company not buy up-to-date computers
for all employees each year?
Companies can become more productive if they keep their assets up to date, but the assets have a specific life and can be used up to it. The assets must be utilized for its specific life to minimize the expenses and maximize the profit.
9. Apply Think of a good or service that you consumed today. List at
least five factors of production used to produce that good or service.
Include at least one example each of land, labor, and capital.
I consumed food today this included more than five factors of production, the food was cooked by a chef this is labor, the food was cooked in a kitchen that was the land, the food was served in a restaurant that is the entrepreneurship and the food was prepared by mixing many ingredients for example, rice, meat and spices this make the capital.
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Do you think installing an experienced female CEO would help the company change its culture and workplace environment?
Answer:
yes
Explanation:
Woman have much more to offer and have better understanding than men
Consider the difference between “supply” and “quantity supplied.” Select the change in only quantity supplied: (select all that apply)
More store-brand cereals were sold during 2020 when income decreased due to the pandemic-induced recession
More laptop computers were sold when technological innovation lowered the cost of producing batteries
More gasoline was sold when buyers and sellers expected higher gas prices in the near future
More Uber rides were taken when people switched from driving taxis to driving for Uber in NYC
More veterinary services were consumed during 2020-2021 as people acquired “pandemic dogs and cats”
The following would lead to a change in quantity supplied :
More store-brand cereals were sold during 2020 when income decreased due to the pandemic-induced recession.
More veterinary services were consumed during 2020-2021 as people acquired “pandemic dogs and cats”
What is a change in quantity supplied?
There is a change in quantity supplied if the price of that good either increases or decreases. The quantity supplied increases when price increases and decreases when price decreases.
This indicates that there is a positive relationship between price and the quantity supplied. A change in quantity supplied leads to a movement along the supply curve - either upward or downward.
There is a change in supply when other factors other than the price of the good changes. For example, a change in the number of suppliers, change in the cost of production would lead to a change in supply. When there is a change in supply, the supply curve should shift either inwards or outwards.
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How does the use of these skills help organizations to outperform others in their industry?
Assess how the four functions of management (e.g., planning, organizing, leading, and controlling) are effective in helping organizations meet their goals.
The skills to relate to coworkers and deal well with subordinates provides for the smooth flow of business operations inside the organization. For any organization to prosper and accomplish its goals and objectives, effective management skills are essential.
What are the importance of skills?Leadership qualities contribute to improving an organization's performance. The forerunners of new ideas that can help the organization come up with fresh ones to boost productivity are managers who are strong leaders.
It should be noted that the four functions include:
Planning has to do wifh the planning of decision making.
Organizing has to do with appropriate coordination between planning and resources.
Leading involves motivating employees to achieve organizational goals.
Controlling is simply elated to monitoring and evaluation.
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Felicia is interviewing a candidate for a supply chain position. What is she most likely looking for in a candidate?
Answer:
“I have worked in supply chain for a number of years now and I feel the experiences I have gained have brought me to the position I am in today, where I am a perfect match for your company.
"I am conscientious, determined, resilient and professional in my approach to my supply chain duties, and I also understand that, without someone performing their duties in this position to a high standard, your organization cannot function effectively.
With me, you will get someone who has a thorough understanding of the supply chain process, an ability to work effectively as part of a team, and also a proven track record of achievement whilst completing difficult tasks whilst under pressure. You should hire me simply because, based on my experience, skills and passion, I am the best person for this job.”
Explanation:
This is something Felicia should look for when interviewing . She needs someone who will have passion and skill and work effectively !
I’m doing Economics but I’m not sure of this question.
A terminology which is given to consumers who were willing to pay for a higher price, but don't have to because the equilibrium price has been set lower is: C. consumer surplus.
What is price?Price can be defined as an amount of money which is primarily set by the seller of a good (product), and it must be paid by a buyer (consumer) to the seller, so as to enable the acquisition of this good (product).
What is consumer surplus?Consumer surplus can be defined as an economic measure of the difference between the willingness of consumers to pay for a good (product) at higher price and the equilibrium price or actual price paid by the consumers.
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Complete Question:
What is the term given to consumers who were willing to pay for a higher price, but don't have to because the equilibrium price has been set lower?
A. Market failure.
B. Quantity excess.
C. Consumer surplus.
D. Consumer drop.
Supreme Videos, Incorporated, produces short musical videos for sale to retail outlets. The company's balance sheet accounts as of
January 1, are given below.
Assets
Current assets: 78000
Cash
Accounts receivable.
Inventories:
Supreme Videos, Incorporated
Balance Sheet
January 1
Raw materials (film, costumes)
Videos in process
Finished videos awaiting sale
Prepaid insurance.
Total current assets
Studio and equipment
Less accumulated depreciation
Total assets
Liabilities and Stockholders' Equity
Accounts payable
Capital stock
Retained earnings
Total liabilities and stockholders' equity
$ 45,000
23,000
96,000
760,000
225,000
$ 504,000
285,000
$ 78,000
117,000
164,000
12,000
371,000
535,000
$ 906,000
$ 117,000
789,000
$ 906,000
Because the videos differ in length and in complexity of production, the company uses a job-order costing system to determine the
cost of each video produced. Studio (manufacturing) overhead is charged to videos on the basis of camera-hours of activity. The
company's predetermined overhead rate for the year is based on a cost formula that estimated $270,000 in manufacturing overhead
for an estimated allocation base of 6,000 camera-hours. The following transactions occurred during the year:
Manufacturing balance sheet is applied to production based on a pre-determined overhead rate which is calculated as follows:
Pre-determined overhead rate = Estimated total manufacturing overhead /Estimated allocation base
Given: Estimated manufacturing overhead = $270,000
Estimated allocation base (Estimated camera-hours) = 6,000
Pre-determined overhead rate = $270,000/6,000 = $45 per camera hour
Based on 7,800 actual camera hours,manufacturing overhead applied would be : $45 * 7,800 = $351,000
If the balance sheet amount of manufacturing overhead applied ($351,000), exceeds the amount of actual manufacturing overhead costs incurred ($335,625), the manufacturing overhead account will have a credit balance. This credit is described as overapplied overhead.
Thus, studio(manufacturing) overhead is overapplied by $15,375
The entry to close overapplied overhead to cost of goods sold is as follows:
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The Haines Corporation shows the following financial data for 20X1 and 20X2:
20X1 20X2
Sales $ 3,480,000 $ 3,140,000
Cost of goods sold 2,530,000 2,260,000
Gross profit $ 950,000 $ 880,000
Selling & administrative expense 255,000 261,000
Operating profit $ 695,000 $ 619,000
Interest expense 44,800 49,700
Income before taxes $ 650,200 $ 569,300
Taxes (35%) 227,570 199,255
Income after taxes $ 422,630 $ 370,045
For each year, compute the following ratios and indicate how the change in each ratio will affect profitability in 20X2.
Note: Input your answers as a percent rounded to 2 decimal places.
20X1 20X2 Profitability
a. Cost of goods sold to sales % %
b. Selling and administrative expense to sales % %
c. Interest expense to sales % %
Based on the financial data for Haines Corporation in 20X1 and 20X2, the ratios given of cost of goods sold and selling and administrative expenses are:
20X1 20X2
Cost of goods sold to sales 72.70% 71.97%Selling and administrative expense to sales 7.33% 8.31% Interest expense to sales 1.29% 1.58%How to calculate ratios to sales?20X1
To find the Cost of goods sold to sales, the formula is:
= Cost of goods sold to sales / Sales
= 2,530,000 / 3,480,000
= 72.70%
The Selling and administrative expense to sales:
= 255,000 / 3,480,000
= 7.33%
Interest expense to sales:
= 44,800 / 3,480,000
= 1.29%
20X2:
Cost of goods sold to sales:
= 2,260,000 / 3,140,000
= 71.97%
The Selling and administrative expense to sales:
= 261,000 / 3,140,000
= 8.31%
Interest expense to sales:
= 49,700 / 3,140,000
= 1.58%
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Angie has two choices for living arrangements when she goes to college. She can choose to live in the dorm, which costs about $450 per month. She can walk to her classes and won’t need a car. She will also have one roommate she doesn’t know. Her other choice is to live in an apartment with two friends from high school. The apartment will cost about $500 per month, and there will be additional expenses like electricity and cable television. It is also about five miles from campus. Use the PACED decision process to decide what Angie should do. Show each step.
To use the PACED decision process and help Angie make her choice between the two living arrangement options when she goes to college, means she must take the following steps:
1. Declare the problem
2. List alternatives
3. Identify criteria
4. Evaluate alternatives
5. Make a decision
The acronym PACED therefore stands for problem, alternatives, criteria, evaluation and decision. So we will use this decision process according to Angie's information and needs.
Problem
Choosing between two living arrangement options when going to college.
Alternatives
She can live in the college dorm that costs $450 a month and can walk to her classes. The other option is to rent an apartment with friends, which will cost U$ 500 and will generate extra expenses with transport, electricity and cable TV.
Criteria
Step used to identify what makes one option better than another. In the option of living in the student dormitory, she would not have extra expenses with transportation, electricity and cable TV, in addition to the rent being cheaper than renting an apartment.
In the option of renting an apartment with friends, the benefits would be related to greater privacy, greater reliability in being with known people and greater comfort.
Evaluation
The option of living in the dormitory can be more advantageous, as it generates a reduction in expenses with rent, transport, food, electricity and time to get to classes.
Decision
The best decision for Angie at the moment would therefore be to live in the student dormitory, as it would be an opportunity to reduce her costs, meet new people and be closer to her college.
Therefore, the PACED method can be advantageous in helping to make more objective and effective decisions for different situations.
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Bus101 Chapter 5-6 critical thinking questions
Critical thinking questions:
What characteristics made Vic Ahmed a successful entrepreneur?
How did Ahmed and Steven Case’s partnership and shared vision of “Rise of the Rest” serve their business goals?
Is focusing on smaller cities rather than areas like silicon valley a good strategy, why?
The process of actively and successfully conceiving, applying, analyzing, synthesizing, and/or evaluating knowledge as a basis for belief and action is known as critical thinking. It requires intellectual discipline.
Any topic, piece of content, or issue can be thought about using the critical thinking method, which involves expertly analyzing, evaluating, and reconstructing one's own ideas. Self-directed, self-disciplined, self-monitored, and self-corrective thinking are all characteristics of critical thinking.
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The Faulk Corp. has a bond with a coupon rate of 5 percent outstanding. The Gonas Company has a bond with a coupon rate of 11 percent outstanding. Both bonds have 18 years to maturity, make semiannual payments, and have a YTM of 8 percent. a. If interest rates suddenly rise by 2 percent, what is the percentage change in the price of these bonds? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) b. What if rates suddenly fall by 2 percent instead? (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)
Answer:
5% is your right answer please answer
the balances are incorrect.
Check
Number
1205
PLEASE BE SURE TO DEDUCT ANY BANK CHARGES THAT APPLY TO YOUR ACCOUNT.
Amount of
payment or
withdrawal (-)
Amount of
Deposit or
interest (+)
Date
4/7
4/14
4/16
4/17
4/21
Description of Transaction
To: Deposit
For:
To: Maris's Market Debit Card
For:
To: ATM Withdrawal
For:
To: Bargain Properties
For:
To: Electronic Payroll Deposit
For:
47 65
135 00
570 00
✓
766 50
1.350 00
Balance Forward
Bal. 1.245 10
Bal.
478 30
Bal.
1.197 45
Bal. 1.097 45
182 45
Bal. 1.532 45
You instruct your trainees to find and correct the errors in the balances. If your trainees do so, what should the corrected final balance be (in $3?
Answer:
the balances are incorrect.
Check
Number
1205
PLEASE BE SURE TO DEDUCT ANY BANK CHARGES THAT APPLY TO YOUR ACCOUNT.
Amount of
payment or
withdrawal (-)
Amount of
Deposit or
interest (+)
Date
4/7
4/14
4/16
4/17
4/21
Description of Transaction
To: Deposit
For:
To: Maris's Market Debit Card
For:
To: ATM Withdrawal
For:
To: Bargain Properties
For:
To: Electronic Payroll Deposit
For:
47 65
135 00
570 00
✓
766 50
1.350 00
Balance Forward
Bal. 1.245 10
Bal.
478 30
Bal.
1.197 45
Bal. 1.097 45
182 45
Bal. 1.532 45
You instruct your trainees to find and correct the errors in the balances. If your trainees do so, what should the corrected final balance be (in $3?
In what ways does Tesla address the interests of its stakeholders through its corporate social responsibility strategy? What ethical issues has Tesla faced? What ethical issues is Tesla likely to face in the future? What environmental issues do Tesla products work to address?
Tesla serves the interests of its stakeholders through its corporate social responsibility strategy by demonstrating through its products such as electric cars, its responsibility towards sustainability and reduction of fossil fuels in the atmosphere, these being the environmental issues in which Tesla Tesla is focused.
Regarding the ethical problems that Tesla has faced and will face in the future, it will possibly be in respect of its other processes, as if its sustainability strategy was just a form of green marketing, as the company faced problems with fraud, environmental issues and cool.
What is Corporate Social Responsibility?It is the set of actions developed by a company to promote the development of a place through investments in socio-environmental programs and actions.
Therefore, CSR aims to exceed the socio-environmental measures complied with by law, but rather to create positive value for stakeholders through its processes that transform it into an active agent of society's development.
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Entrepreneurs and business owners need to think about and plan for threats like terrorist attacks, economic instability, and even changes in consumer preferences. Fortunately, opportunities are also a constant that the entrepreneur needs to consider. Think of your entrepreneurial endeavor. What opportunities might be on the horizon? How can us best prepare for opportunities in your field? Write a short paragraph explaining your answer.
The opportunities that may be on the horizon are:
Website designingOnline tutoringOnline business, etc.How can us best prepare for opportunities in your field?
The way i can best prepare for the new opportunities is that:
I will research Growth Trends. I will need to fine the Potential area that fit me mostI will also Talk to Other ProfessionalsLearn. Volunteering, Interning, or other and then start mine.Therefore, The opportunities that may be on the horizon are:
Website designingOnline tutoringOnline business, etc.Learn more about opportunities from
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321 ASSIGNMENT 1: Individual Assignment. Discuss the contribution of transportation to the development of the developing countries at a global level with specific focus on the South African economy. {100} In essay format
In emerging countries, transportation is extremely important. The world's richest and most powerful nations have effective transportation infrastructure. Maciulis (2009) cited as an example:
Increasing reliability, improving service quality, and increasing transport capacity are the goals of investments in transportation infrastructure. As a result, transportation expenses were reduced, and transit times were shortened. Additionally, a stronger transportation infrastructure is a must for business growth. Summarizing the previously discussed concepts, we now have increased productivity and competitiveness, which are the foundation of economic growth.
As human needs change, so do transportation facilities. Today, people, food, and finished goods may all be transported using a variety of modes of transportation, including the car, bus, truck, subway, train, ship, and airplane. Transportation has a lot of advantages, but it also has some drawbacks. According to Litman (2012), greenhouse gases from automobiles are responsible for some consequences on human health and the environment, such as climate change.
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What is the first step you will take with your new business partners to plan your business?
Answer:
I would buy or create another company.
Explanation:
Sharp Company manufactures a product for which the following standards have been set:
Standard Quantity of Hours Standard Price or Rate Standard Cost
Direct materials 3 feet $ 11 per foot $ 33
Direct labor ? hours ? per hour ?
During March, the company purchased direct materials at a cost of $111,300, all of which were used in the production of 3,200 units of product. In addition, 4,900 direct labor-hours were worked on the product during the month. The cost of this labor time was $95,550. The following variances have been computed for the month:
Materials quantity variance $ 4,400 U
Labor spending variance $ 450 F
Labor efficiency variance $ 2,000 U
Required:
1. For direct materials:
a. Compute the actual cost per foot of materials for March.
b. Compute the price variance and the spending variance.
2. For direct labor:
a. Compute the standard direct labor rate per hour.
b. Compute the standard hours allowed for the month’s production.
c. Compute the standard hours allowed per unit of product.
The actual cost per foot of materials for March is $11.13
The standard hours allowed for the month’s production is $1,300 U
The standard hours allowed per unit of product is 4,796 hours
What is material quantity variance?
Material quantity variance can be determined as the difference between actual quantity and standard quantity multiplied by the standard price of material
Material quantity variance = (Standard quantity - Actual quantity) * Standard rate
material quantity variance=-$4,400
standard quantity for 3,200=3200*3 feet=9,600
actual quantity=x
standard rate=$11 per foot
-$4,400=(9600-x)*$11
-$4,400/$11=9600-x
-400=9600-x
x=9600+400
x=actual quantity=10,000
actual cost per foot of materials for March=$111,300/10,000
actual cost per foot of materials for March=$11.13
Direct material price variance = (Standard price - Actual price) * Actual quantity
Direct material price variance = ($11-$11.13)*10000
Direct material price variance = -$0.13*10,000
Direct material price variance =$1,300 U
Direct material spending variance = (Units produced * Standard cost) - Total cost of direct materials
Direct material spending variance = (3,200*33)-$111,300
Direct material spending variance =$105,600-$111,300
Direct material spending variance =$5,700U
Labor rate variance = Labor spending variance - Labor efficiency variance
Labor rate variance =$450-$2000
Labor rate variance =$1,550U
Labor rate variance = (Standard labor hour rate - Actual labor hour rate) * Actual hours worked or
-$1550 = (Standard labor hour rate - $95,550/4900)*4,900
-$1550=(Standard labor hour rate-$19.50)*4900
-$1550/4900=Standard labor hour rate-$19.50
Standard labor hour rate=$19.50-($1550/4900)
Standard labor hour rate =$19.18
Labor efficiency variance = (Standard hours allowed for actual production - Actual hours worked) * Standard hourly rate
-$2000 = (Standard hours allowed for actual production-4900)*$19.18
-$2000/$19.18=Standard hours allowed for actual production-4900
-104=Standard hours allowed for actual production-4900
Standard hours allowed for actual production=-104+4900
Standard hours allowed for actual production=4796 hours
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You want to open a new checking account and can deposit $150 dollars into the account to open it. You also plan on writing
about 6 to 8 checks a month from the account. Which of the following banks would you choose to open the account with?
Why?
Bank A charges a $6 per month fee when the balance is below $500.00, there are no check fees.
Bank B has no monthly fee and charges 50 cents for each check over three.
Bank C charges a $3 per month fee and charges 25 cents for each check you write.
Answer:
So you deposit $150 in January and 10% more as each month passes by, which if you count, that would be 7 months. When it comes to compound interest, the formula for it is P(1 + r)^t. That means r = interest rate, P = principal, and t = time. In this case, we add 1 to 10% in decimal for. 10% is 0.1 in decimal form. 1 + 0.1 is 1.1. Now, compound 1.1 to the 7th power, because you repeat this 7 times. 1.1^7 is 1.9487171. Don't delete the decimal from your calculator. Now, multiply that decimal by 150 to get the new amount. When you do, you get 292.307565 or 292.31 when rounded to the nearest hundredth. You deposit $292.31 in August.
Explanation:
When driving, your attention is
Focused only on the road ahead
Focused only on your destination
Focused only on the surrounding traffic
Divided among multiple different things
What is the definition of collective bargaining?
ongoing salary negotiations between an employee and a factory owner a
an agreement among a group of factory owners to raise worker wages
a written set of guidelines about legal and illegal workplace conditions
labor union and employer negotiations about wages and other issues
The process of negotiating employment terms between an employer and a group of employees is known as collective bargaining.
Typically, a labor union represents employees during collective bargaining. Working conditions, pay and benefits, working hours, and other terms may be bargained during collective bargaining. A written contract is intended to establish a collective bargaining agreement. All employees have a fundamental right to engage in collective bargaining, according to the International Labor Organization. Members of corporate management and labor union leaders, who are chosen by workers to represent them and their interests, negotiate collectively on a regular basis. When employee contracts are due for renewal or when employers alter the workplace or contracts, collective bargaining is started.
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On January 1, Year 2, LCJ Rental Cars purchased a car that is to be used to produce rental income. The car cost $35,000. It has an expected useful life of five years and a $5,000 salvage value. The car produced rental income of $9,000 per year throughout its useful life. Assume LCJ started the Year 2 accounting period with a beginning cash balance of $40,000.
Required:
a-1. Prepare an income statement and a statement of cash flows for Year 2.
a-2. Prepare an income statement and a statement of cash flows for Year 3.
a-3. Prepare an income statement and a statement of cash flows for Year 4.
b. Determine the book value of the car for Year 2, Year 3, and Year 4.
Answer:
On January 1, Year 2, LCJ Rental Cars purchased a car that is to be used to produce rental income. The car cost $35,000. It has an expected useful life of five years and a $5,000 salvage value. The car produced rental income of $9,000 per year throughout its useful life. Assume LCJ started the Year 2 accounting period with a beginning cash balance of $40,000.
Required:
a-1. Prepare an income statement and a statement of cash flows for Year 2.
a-2. Prepare an income statement and a statement of cash flows for Year 3.
a-3. Prepare an income statement and a statement of cash flows for Year 4.
b. Determine the book value of the car for Year 2, Year 3, and Year 4.
Which is an extracurricular activity?
OA. Playing video games with friends
B. Playing high school volleyball
OC. Working at a local diner
OD. Taking an extra year of math
SUBMI
Volleyball in high school is an extracurricular activity. As a result, choice (B) is accurate.
What do you know about extracurricular activity?A student-performed activity that is outside the scope of the regular curriculum of a school, college, or university is referred to as an extracurricular activity (ECA), extra academic activity (EAA), or cultural activity.
Such endeavors are typically social, charitable, voluntary (as opposed to required), and frequently involve people of a similar age. Although student-led projects, such independent publications, are frequently seen, students and staff manage these activities under academic sponsorship.
However, occasionally, these activities are also introduced in the classroom by the teachers and school principals.In the USA, 70% of teenagers participate in extracurricular activities, according to a group study that polled students of school age for the National Longitudinal Study of Adolescent Health.
Other studies have shown that participating in extracurricular activities lowers the risk of dropping out of school, lowers the risk of committing a crime, and increases educational retention, success, and academic achievement
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Which would be the least likely result of a binding price ceiling imposed in the market for online streaming services?
a.Restrictions on the number of hours watched per customer
b.More advertising
c.Additional fees for previously included movies, TV shows, and/or documentaries
d.Less investment in acquiring the rights to stream recently released movies, TV shows, and/or documentaries
e.Greater investment in optimizing the app’s user interface to make it more user-friendly
f. Less original content
The least likely result of a binding price ceiling imposed in the market for online streaming services will be an additional fees for previously included movies, TV shows, and/or documentaries.
What is a binding price ceiling?This type of price ceiling refers to one that is adopted when the government sets a required price on a good or goods at a price below equilibrium. Most time, as the government requires that prices not rise above this price, that price binds the market for that good.
As the least likely result of a binding price ceiling imposed in the market for online streaming services will be an additional fees for previously included movies, TV shows, and/or documentaries. Therefore, the Option C is correct.
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The Labour Relations Act provides that every employee has the right not to be unfairly dismissed. Discuss this statement (Refer to section 185 of the LRA) (20)
The National Labor Relations Act ("NLRA"),
National labor relation act approved by Congress in 1935,made it plain that the United States' objective is to promote collective bargaining by upholding employees' complete freedom of organization. By giving workers in private-sector companies the fundamental right to demand better working conditions and choice of representation without fear of punishment, the NLRA safeguards workplace democracy. Section 1. Strikes and other forms of industrial conflict or unrest have the intention or necessary effect of impeding or obstructing commerce by (a) affecting the effectiveness, safety, or operation of the instruments of commerce; (b) occurring as a result of (a) the denial by some employers of the right of employees to organize and the refusal by some employers to accept the procedure of collective bargaining in the flow of commerce; (c) materially affecting, restricting, or controlling the flow of raw materials or manufactured or processed goods from or into the channels of commerce, or the prices of such materials or goods in commerce; or (d) causing a decline in employment and wages in a quantity that significantly affects or disrupts the market for goods flowing from or into the channels of commerce.
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More loans can be made by lenders things to the availability of
Answer:
Secondary mortgage market
Explanation:
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