Proposition 12 says that modification of organization standards may tend to increase intra-organization conflict and withdrawal behavior
an infrastructure modification that follows a predetermined path, is reasonably common, and is the agreed-upon answer to a certain requirement or group of requirements.Prior to permission, the Standard Change needs to receive pre-approval from Change Management. They no longer need change management approval on a case-by-case basis once they have been approved.
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according to leading entrepeneur, guy kawasaki, the best reason to start a new business is to .
According to leading entrepreneur, Guy Kawasaki, the best reason to start a new business is to create meaning, to make the world a better place
Guy Kawasaki once mentioned that the best reason to establish a business (or anything) is to "create meaning" — to make the world a better place — by doing something like these:
Improve your quality of life.Correct a mistake.Stop anything excellent from dying.Make a note of the assumptions you're making about the business and keep track of them. Check to see whether they're correct or if anything needs to be changed.
Tasks are the real tasks that must be done from day to day in order for the milestones to be met.
Other tips from him are: define roles and responsibilities, assign employees to specific targets, track and reward progress, and praise success.
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large corporations collect vast amounts of information about their customers' shopping habits, including how, when, why, where, and what they buy, and then use that information to blank . multiple choice question.
Large corporations collect vast amounts of information about their customers' shopping habits including how, when, why, where, and what they buy, and then use that information to plan future products and services provided
A customer is a person who buys goods or services from a business. A customer is considered the end-user of a company's products or services and is essential for the success of a business.
The information collected includes details about how, when, why, where, and what the customer buys.
This can include demographic information such as age, income, and location, as well as information about the customer's purchasing history, such as what products they have bought, how often they buy, and how much they spend.
This information is then analyzed to identify patterns and trends, which can then be used to make predictions about what the customer is likely to buy in the future. This allows corporations to target their marketing efforts more effectively, which can result in increased sales and customer loyalty.
By understanding the customer and their purchasing habits, corporations can tailor their products and services to meet the specific needs of the customer.
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Smith Enterprises recently was profiled on a financial information website and touted as a "hot" growth stock. You acquired the stock quote shown here from that website.Smith Enterprises (NYSE: SME)Last Trade: 51.63Day's Range: 47.22 - 51.96Trade Time: 4:00 PM ET52wk Range: 25.48 - 60.71One-Day Stock Return: 11.58%Volume: 1,419,317Prev. Close: 46.27Avg. Vol. (3m): 629,072Open: 47.25Market Cap: 1.63BBid: N/AP/E (ttm): 25.43Ask: N/AEPS (ttm): 1yTarget Est: 55.40Div. & Yield: 0.20 (0.40%)The last trade time is shown to be at 4:00 PM Eastern Time. The abbreviation "ttm" stands for "trailing twelve months," and the number shown reflects data from the previous 12 months. The abbreviation "3m" reflects data from the previous 3 months.What exchange does Smith Enterprises trade on?A. SMEB. AMEXC. NASDAQD. FTSEE. NYSE
Smith Enterprises trades on the New York Stock Exchange (NYSE). (Option E)
When a business issues shares or stock to the general public?When a business issues common stock or shares to the public for the first time, this is known as an initial public offering (IPO). They may be issued by huge privately held companies aiming to go public, but they are frequently done by smaller, younger enterprises searching for funds to grow.
Compared to usual trading volume, how active was trading in Smith's stock today?Compared to the stock's average daily trading volume over the previous three months, trading in Smith's stock was relatively active today. The average daily trading volume over the previous three months was 629,072 shares. 1,419,317 shares were exchanged today, which is more than double the daily average.
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to provide flexibility in a commercial building before the number of tenants is known, the parallel service-entrance conductors should terminate in a?
The parallel service-entrance conductors should terminate in a load center or switchboard.
What are parallel service-entrance conductors?Parallel service-entrance conductors are electrical cables that run in parallel to each other and provide power to different units within a commercial building. These conductors are designed to be flexible, allowing for the distribution of electricity to multiple tenants without the need to install new electrical systems every time a tenant changes.
The parallel service-entrance conductors terminate in a main electrical service panel, which is responsible for distributing power to different parts of the building. The use of parallel service-entrance conductors helps to improve the efficiency of electrical distribution in commercial buildings and enables tenants to have the power they need for their businesses.
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suppose that you buy a two-year 8% bond at its face value, answer the following: a-1. what will be your total nominal return over the two years if inflation is 3% in the first year and 5% in the second? a-2. what will be your total real return? b. now suppose that the bond is a tips. what will be your total 2-year real and nominal returns?
The real return and nominal return if inflation persists will be 9%.
What is nominal return?Before deducting costs like taxes, investment fees, and inflation, an investment's nominal return is the amount of money it makes. The nominal rate would be 10% if an investment yielded a 10% return. Real return is the amount received on an investment following the deduction of taxes and inflation. Real returns are lower than nominal returns because nominal returns do not account for taxes and inflation. We can figure out the nominal rate of return using the formula below: Nominal rate of return is calculated as Current Investment Value - Original Investment Value. After taking into account costs, inflation, and tax rates, the after-tax actual rate of return is calculated. Without taking into account any external factors that could affect an investment's actual return, the nominal return is simply the gross rate of return.
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which of the following statements is correct? answer unselected accounts payable increases with a credit entry. unselected salaries payable increases with a debit entry. unselected salaries payable decreases with a credit entry. unselected accounts payable increases with a debit entry.
The correct statement is: unselected accounts payable increases with a credit entry.
In accounting, credit entries increase accounts on the right side of the balance sheet, which are called liability and equity accounts. Accounts payable, which represents the amount owed to suppliers for goods or services purchased on credit, is a liability account. Therefore, when a credit entry is made to accounts payable, it means that the company has acquired more liabilities and the amount owed to suppliers has increased.
Finally, a credit entry decreases liability accounts and an increase in liability accounts is shown as a debit.
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13. the computer market in recent years has seen many more computers sell at much lower prices. what determinant(s) for demand or supply are/is most likely to explain this outcome?
The decrease in computer prices could be attributed to a combination of factors affecting both supply and demand.
The increase in the quantity of computers sold at lower prices could be explained by multiple determinants of demand and supply. One possible determinant of supply is technological advancement and economies of scale. As computer technology advances, manufacturers may be able to produce computers more efficiently and at a lower cost, which can lead to a larger supply of computers at lower prices. In addition, as more firms enter the computer market, competition can increase, leading to lower prices.
On the demand side, changes in consumer preferences can also lead to an increase in the quantity of computers sold at lower prices. For example, if consumers place a higher value on affordability over advanced features, they may be willing to purchase less expensive computers. Additionally, changes in income or consumer wealth can affect the demand for computers, with lower-priced computers becoming more attractive to consumers with lower incomes.
Overall, the decrease in computer prices could be attributed to a combination of factors affecting both supply and demand.
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can mary set up an ira and deduct the contribution form her income that is subject to federal income taxation? does the same applt to jason?
Several elements, such as Mary and Jason's taxable income, filing status, and whether they or their spouses are covered by a retirement plan at work, will determine whether they are able to open an individual retirement account (IRA) and deduct the contribution from their federal income tax.
Savings accounts with a focus on retirement planning include Individual Retirement Accounts (IRAs). Traditional and Roth IRAs are the two main varieties. Contributions to a Traditional IRA are tax deductible, and gains grow tax-deferred until they are withdrawn in retirement. When a withdrawal is made, it is taxed like regular income. With a Roth IRA, contributions can be made with after-tax money, and earnings increase tax-free. As long as certain conditions are satisfied, withdrawals from a Roth IRA are tax-free. Stocks, bonds, and mutual funds are just a few of the assets that can be purchased using IRAs. There are age and income restrictions, as well as annual limits on IRA contributions.
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an exchange or event that has a direct and measurable financial effect is called___
An exchange or event that has a direct and measurable financial effect is called Transaction.
What is a transaction?Between two parties, a transaction is an exchange of value. It could involve the exchange of products, services, or financial instruments. In business and finance, transactions are essential since they serve as the foundation of an economy. Purchases can be straightforward, like purchasing a cup of coffee, or complex, like buying stocks or bonds.
In order to retain financial records and to guarantee the integrity and transparency of financial transactions, transactions can be tracked and documented, resulting in a ledger of all transactions. A key part in ensuring the security and dependability of transactions is played by intermediaries, which are frequently used to assist transactions. Examples of these intermediaries include banks, payment processors, and exchanges.
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what are the components of the information effect in social media engagement? (check all that apply.) multiple select question. spreading relevant information through various channels identifying the context and receiver of content engaging the customer at the right place and time serving as a means by which people can share their interests with each other
The elements of the information effect in social media engagement include spreading relevant information information through a variety of channels, identifying the context, and determining the recipient of content.
What is social media engagement?The term "social media engagement" refers to actions that reflect and quantify how much your audience interacts with your content. Likes, comments, and shares are examples of social media engagement, but they vary by platform.
Measuring social media engagement is important because it tells us how well our content is being received by our customers. It also provides us with a measurable metric to track your progress over time.
As a result, the elements of the information effect in social media engagement include disseminating relevant information via various channels, identifying the context, and determining the recipient of content.
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james used $250,000 from his savings account that paid an annual interest of 15% to purchase a hardware store. after one year, james sold the business for $320,000. what is his accounting profit? a. $320,000 b. $70,000 c. $282,500 d. $32,500
The correct option is B. After one year, james sold the business for $320,000. His accounting profit is $70,000.
Implicit cost is the Opportunity cost. it is the amount that the person forgone in terms of the interest rate of 15% on the savings account. The interest amount is 15% ×250000.
The total revenue is $320,000.
The cost incurred on the business amounts to $250000.
His accounting profit is $320,000- $250,000 = $70,000.
In finance and economics, a hobby is a fee from a borrower or deposit-taking monetary group to a lender or depositor of an amount above compensation of the essential sum (that is, the quantity borrowed), at a particular fee. it is wonderful from a fee that the borrower may pay the lender or some third birthday celebration. it is also wonderful from a dividend that is paid by using a business enterprise to its shareholders (owners) from its earnings or reserve, however not at a selected fee decided ahead, instead on a pro-rata basis as a share in the reward received by using danger-taking marketers when the sales earned exceeds the whole charges.
for instance, a purchaser might commonly pay interest to borrow from a bank, in order that they pay the bank an amount this is extra than the amount they borrowed; or a purchaser may also earn hobby on their savings, and so they may withdraw extra than they at the beginning deposit. In the case of financial savings, the purchaser is the lender, and the bank plays the role of the borrower.
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The following transactions occurred during March 2018 for the Wainwright Corporation. The company owns and operates a wholesale warehouse. Issued 30,000 shares of non-par common stock in exchange for $300,000 in cash. Purchased equipment at a cost of $40,000. $10,000 cash was paid and a note payable was signed for the balance owed. Purchased inventory on account at a cost of $90,000. The company uses the perpetual inventory system. Credit sales for the month totaled $120,000. The cost of the goods sold was $70,000. Paid $5,000 in rent on the warehouse building for the month of March. Paid $6,000 to an insurance company for fire and liability insurance for a one-year period beginning April 1, 2018. Paid $70,000 on account for the merchandise purchased in 3. Collected $55,000 from customers on account. Recorded depreciation expense of $1,000 for the month on the equipment. Prepare journal entries to record each of the transactions listed above.
The Wainwright Corporation's March 2018 transactions are shown in the table below.
How can it be solved?Issuance of Common Stock Not at Par:
Debit: $300,000 in cash Credit: $300,000 in common stock
Purchase of Equipment: Equipment Debit: $40,000 Credit: Cash: $10,000
Credit: $30,000 in Note Payable
Purchase of inventory: Debit: $90,000 Accounts Payable
Credit: $90,000 in inventory
Credit Sales: Debit: $120,000 in Accounts Receivable
Credit: $120,000 in sales
Debit: $70,000 less than the cost of goods sold.
Credit: $70,00 in inventory
Rent Payment: Debit: $5,000 in Rent Expense
Credit: $5,000 in cash
Debit: Prepaid Insurance - $6,000 Insurance Payment
Cash credit of $6,000
Debit: Accounts Payable - $70,000 for the payment of accounts payable.
Cash credit of $70,00
Accounts Receivable Collection: Debit: $55,000 Cash Credit: $55,000 Accounts Receivable
Depreciation Expense: $1,000 has been debited from the account.
Credit: $1,000 in accumulated depreciation
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a company purchased a new delivery van at a cost of $45,000 on january 1. the delivery van is estimated to have a useful life of 6 years and a salvage value of $3,000. the company uses the straight-line method of depreciation. how much depreciation expense will be recorded for the van during the first year ended december 31? multiple choice $3,250. $7,000. $4,000. $6,500. $7,500.
The depreciation expense that will be recorded for the van during the first year ended december 31 will be $6500.The straight- line system of deprecation is a system for spreading the cost of an asset inversely over its useful life.
For a delivery van bought at a cost of $45000 with a useful life of 6 times and a salvage value of $3000, the periodic deprecation expenditure would be calculated as follows:
($45000-$3000)/ 6 = $6500.
This means that the company would record a deprecation expenditure of $6500 for the van in the first time ended December 31. This system is straightforward and simple, making it a popular choice for deprecation expenditure.
By spreading the cost of the asset inversely over its useful life, the straight- line system provides a predictable and harmonious measure of an asset's declining value.
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an amount posted on the right side of a t-account causes which accounts to increase? (check all that apply.)
An amount posted on the right side of a t-account causes which accounts to increase notes payable; common stock and liabilities.
When an amount is posted to the right side of a t-account, it causes the accounts notes payable and liabilities to increase. Common stock may also increase depending on the type of transaction.
Generally, when an amount is posted to the right side of a t-account, it is a credit to the accounts listed, which causes them to increase. The T-account is a visual representation of a general ledger account and is used to track the changes in the account balance, with debit entries appearing on the left side and credit entries appearing on the right side.
Hence, the correct option is "A", "B" and "C".
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--------The given question is incomplete, the complete question is:
"An amount posted on the right side of a T-account causes which accounts to increase? (Check all that apply.)
A. notes payable
B. common stock
C. liabilities
D. borrowed money"---------
a business sets up a sinking fund so they will have a $47,000.00 to pay for a replacement piece of equipment in 10 years when the current equipment will be sold for scrap. if they make deposits at the end of each quarter for 10 years in the investment that pays 6.1% compounded quarterly, what size should each payment be?
The size should each payment be $861.55.
For this we can apply the given below formula :
P = A(r/n)/((1+r/n)nt -1)
Here,
P = payment amount =?
A= Targeted amount = $47,000
r= rate of interest = 7.4% or .074
n= number of frequencies in a year = 6 times
t = time period = 7 years
P = 47000(.074/6) / ((1+.074/6)6 x 7 -1)
P = 47000(.074/6) / ((6.074/6)42 -1)
P = 47000(0.074/6) / (1.0123)42 -1)
P = 47000(0.0123) / (1.6710 -1)
P = (47000 x 12.3) / 671
P = $861.549 or $861.55.
A sinking fund is a fund set up via an economic entity by means of placing aside sales over a period of time to fund a destiny capital cost or repayment of an extended-time period of debt. Borrowing money by using issuing a bond is known as floating a bond.
In North the usa and some places else wherein it's far more common for public and private companies to raise the budget via the difficulty of bonds, the time period is usually used in this context. but, in the united kingdom and elsewhere where the problem of bonds (aside from authorities bonds) is uncommon, and in which long-time period leasehold tenancies are not unusual, the time period is only normally used within the context of alternative or renewal of capital assets, specifically the not unusual parts of homes.
The sinking fund turned into first used in exquisite Britain in the 18th century to lessen national debt. whilst used by Robert Walpole in 1716 and efficaciously within the 1720s and early 1730s, it originated within the business tax syndicates of the Italian peninsula of the 14th century, wherein its characteristic changed into retire redeemable public debt of those cities.
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lightning, inc., has sales of $646,000, costs of $331,000, depreciation expense of $76,000, interest expense of $41,000, and a tax rate of 23 percent. what is the net income for this firm? (do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Dividends per share of the given amounts is $2.15.
What does EPS mean?The monetary worth of an organization's earnings per outstanding share of common stock is known as earnings per share. It is a crucial indicator of organisational profitability and is frequently applied to stock pricing.Dividends are subtracted from quarterly or annual income to determine earnings per share (EPS), which is a measure of a company's success. Investors view a company's profit and worth to be higher the higher its EPS.Ratings are given from 1 to 99, with 99 representing the best outcome. A company's profit growth has outpaced 99% of all publicly traded businesses in the IBD database, according to an EPS Rating of 99.Completed question :
lightning, inc., has sales of $646,000, costs of $331,000, depreciation expense of $76,000, interest expense of $41,000, and a tax rate of 23 percent. what is the net income for this firm? (do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
The firm paid out $81,000 in cash dividends and has 37,600 shares of common stock outstanding.
a. What is the earnings per share, or EPS, figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b. What is the dividends per share figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Given data :
1) 646,000 - 331,000 - 76,000 = 239,000
2) 239,000 - 41,000 = 198,000
3) 198000 * .23 = 45540
4) 198000 - 45540 = 152460
Earnings per share = NI / total shares outstanding
a. 152460 / 37,600 = $4.05
Dividends per share = total dividends / total shares outstanding
b. 81,000 / 37,600 = $2.15
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for the fiscal year, sales were $7810000, sales discounts were $90000, sales returns and allowances were $20000, and the cost of merchandise sold was $4240000. what was the amount of gross profit
The amount of gross profit for this fiscal year was $3200000.
What is gross profit?Gross profit is the difference between a business's revenue and the cost of goods sold. It is calculated by subtracting the cost of goods sold from total revenue, and is an indicator of a company's financial health and performance. Gross profit can be used to measure a company's profitability and efficiency, as it reveals how much money a business has left after paying for the costs associated with generating its revenue.
Gross profit is calculated by subtracting the cost of merchandise sold from total sales. Therefore, to calculate the gross profit for this fiscal year, we will use the following formula:
Gross Profit = Sales - Sales Discounts - Sales Returns and Allowances - Cost of Merchandise Sold
Plugging in the numbers from the question, we get:
Gross Profit = $7810000 - $90000 - $20000 - $4240000
Gross Profit = $3200000
Therefore, the amount of gross profit for this fiscal year was $3200000.
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are firms with a high percentage of union employees more likely to go bankrupt because of the higher wages that they pay? why or why not? is the following statement true or false? no. while some unions may cause firms to go bankrupt, other unions help firms to become more competitive. no overall pattern exists.
The statement "firms with a high percentage of union employees are more likely to go bankrupt because of the higher wages they pay" is false.
Whether a firm with a high percentage of union employees is more or less likely to go bankrupt depends on a variety of factors and is not solely determined by the wages paid to employees.
Unions can have both positive and negative effects on firms. On one hand, unions can increase labor costs and make it more difficult for firms to remain competitive, particularly in industries where labor costs are a significant part of the overall cost structure. On the other hand, unions can improve worker productivity and morale, reduce turnover, and increase the quality of products and services, which can make firms more competitive.
Additionally, the impact of unions on firms can vary depending on the specific industry and market conditions. In some cases, firms with a high percentage of unionized workers may be able to offset the costs of higher wages through increased efficiency, lower turnover, and other benefits. In other cases, the increased costs associated with unionized labor may be too great, leading to decreased competitiveness and potentially bankruptcy.
In conclusion, there is no overall pattern that exists for whether firms with a high percentage of union employees are more or less likely to go bankrupt. The relationship between unionization and bankruptcy is complex and depends on a variety of factors.
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tamara is the sales representative of a pharmaceutical company. when making sales calls, she uses ingratiation techniques to make the prospects feel good about themselves. by this, tamara is appealing to the prospects' . a. self-control b. social affect c. self-concern d. social cognition
The ingratiation technique to appeal to prospects used here is "social affect."
What are ingratiation techniques ?Ingratiation techniques are strategies used to gain favour or make a positive impression on others. In the context of sales and marketing, these techniques can be used to appeal to the social affect of prospects or customers.
Examples of ingratiation techniques include:
Flattery: Complimenting the other person or their abilities.
Conformity: Agreeing with the other person's opinions and preferences.
Supplication: Expressing a need for the other person's help or support.
Association: Making a connection between the product or service being offered and a positive experience or well-known person.
Self-disclosure: Sharing personal information in order to build rapport and increase trust.
Ingratiation techniques are often used in sales, customer service, and other customer-facing roles in order to build trust and positive relationships with prospects and customers.
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this economic system places ownership of factories, large farms, and banks in the hands of government to generate wealth. the government accumulates wealth and then redistributes it to citizens, primarily in the form of social programs that provide such things as free or inexpensive health care, education, and childcare. this system is called
A different form of capitalism is socialism. The government, not private individuals, owns the means of producing wealth in socialist nations, including banks, vast farms, and factories.
Which of the following systems includes factories and other sources of income creation?A capitalist economy allows for the private ownership and control of capital assets like mines, factories, and railroads. Labor is acquired for monetary salaries, private owners receive capital gains, and prices divide up capital and labor between competing uses (see "Supply and Demand").
What kind of government entails the process of gaining and using power within society to forward objectives?Politics is the practice of attaining and using power within a government in order to establish and realize specific objectives, particularly those connected to the distribution of resources within a country.
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tirri corporation has provided the following information: cost per unit cost per period direct materials $ 6.85 direct labor $ 3.90 variable manufacturing overhead $ 1.25 fixed manufacturing overhead $ 22,500 sales commissions $ 1.00 variable administrative expense $ 0.55 fixed selling and administrative expense $ 7,500 if the selling price is $26.20 per unit, the contribution margin per unit sold is closest to: group of answer choices $6.65 $9.70 $12.65 $15.45
If tirri corporation has provided the following information: cost per unit cost per period direct materials $ 6.85. the contribution margin per unit sold is closest to: C. $12.65.
How to find the contribution margin?Selling price per unit $ 26.20
Direct materials $ 6.85
Direct labor 3.90
Variable manufacturing overhead 1.25
Sales commissions 1.00
Variable administrative expense 0.55
Variable cost per unit sold 13.55
Contribution margin per unit $12.65
($26.20 - $13.55)
Therefore the correct option is C.
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sofia works in the advertising department of energy first, a company that manufactures a vitamin supplement that allegedly boosts a person’s energy level. sofia creates an advertisement for the product that states that energy first has been clinically proven to boost energy levels when she knows that no such study has occurred. can the government prevent sofia from making such claims in her advertisements?
Yes, protecting the public's health is a major concern for the government, and the restrictions placed on these statements help to achieve that goal without going too far.
What is an advertising department?A company that specializes in developing, organizing, and managing advertising, as well as occasionally other forms of promotion and marketing for its clients, is known as an advertising agency, also known as a creative agency or an ad agency.
An advertising agency is often independent of the client; it could be an inside division or agency that lends a fresh perspective to the campaign to promote the client's goods or services, or it could be an outside company.
Additionally, an agency can handle all aspects of marketing, branding, and promotions for its clients, including possible sales.
Businesses and corporations, non-profits, and private agencies make up the majority of an advertising agency's clientele.
So, in the given situation yes, the government has a significant interest in safeguarding the public's health, and the limitation on these claims furthers that purpose without going overboard.
Therefore, yes, protecting the public's health is a major concern for the government, and the restrictions placed on these statements help to achieve that goal without going too far.
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a financial company that advertises on television will pay you $53,000 now for annual payments of $9,000 that you are expected to receive for a legal settlement over the next 8 years. use exhibit 1-d. a. what is the present value of the annual payments if you estimate the time value of money at 8 percent?
The present value of the annual payments if you estimate the time value of money at 8 percent is: $53,000
Step by step calculation:
Present Value = $53,000 PV = (9,000) / (1 + 0.08)⁸PV = $53,000The present value of the annual payments is $53,000. This was calculated by taking the amount of the annual payments ($9,000) and dividing it by the sum of 1 plus the estimated time value of money (8 percent) to the power of 8. The result of this calculation is the present value of the annual payments, which is $53,000.
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norio manufacturing uses powdered plastics (pps) to manufacture a high-pressure board used in a digital equipment product, flex 10. information concerning its operation in june is as follows: budgeted units of flex 10 for june 6,300 budgeted usage of pps 56,700 pounds actual number of units of flex 10 manufactured 5,300 pps purchased 70,520 pounds pps used 52,000 pounds total actual cost of pps used $ 309,920 direct materials usage variance $ 35,260 unfavorable the cost of pps in the flexible budget for the number of units manufactured this period (rounded to nearest dollar) is:
To calculate the cost of PPS in the flexible budget, we need to determine the budgeted cost per pound of PPS and then multiply that by the actual pounds used.
The direct materials usage variance can be calculated as follows:
Direct materials usage variance = Actual cost of PPS used - Budgeted cost of PPS used
Direct materials usage variance = $309,920 - $278,000 = $35,260 unfavorable
This means that the actual cost of PPS used was $35,260 higher than what was budgeted for the actual number of units manufactured. This unfavorable variance can be attributed to two factors: (1) a difference in the actual cost per pound of PPS purchased, and (2) a difference in the actual usage of PPS compared to what was budgeted.
To calculate the flexible budget cost of PPS, we first need to determine the budgeted cost per pound of PPS. This can be calculated as follows:
Budgeted cost per pound of PPS = Budgeted cost of PPS / Budgeted usage of PPS
Budgeted cost per pound of PPS = $309,920 / 56,700 pounds = $5.50
Next, we multiply the budgeted cost per pound of PPS by the actual pounds of PPS used:
Flexible budget cost of PPS = Budgeted cost per pound of PPS * Actual pounds used
Flexible budget cost of PPS = $5.50 * 52,000 pounds = $278,000
So, the flexible budget cost of PPS for the actual number of units manufactured in June is $278,000. The direct materials usage variance of $35,260 unfavorable indicates that the actual cost of PPS used was higher than what was budgeted, potentially due to a higher cost per pound of PPS purchased or a higher usage of PPS compared to what was budgeted.
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according to o*net, what are common tasks performed by hotel, motel, and resort desk clerks? check all that apply. carrying guests' luggage to their rooms making and confirming reservations greeting and registering guests cleaning guests' rooms establishing how customers will pay contacting housekeeping staff
Making and confirming reservations , greeting and registering guests , establishing how customers will pay and contacting housekeeping staff are common tasks performed by hotel, motel, and resort desk clerks.
Option B , C, E , F are correct.
What is the job of a hotel desk clerk?A front desk agent is a professional who is in charge of efficiently and politely greeting guests. The Front Desk Agent checks guests in and out of their rooms, distributes room keys, answers questions, and processes payments for hotel services. She or he is often the first person guests see when they arrive.
What does O*NET do?The nation's primary source of occupational data is the O*NET program. The O*NET database, which contains information on hundreds of standardized and occupation-specific descriptors, is central to the project. By conducting surveys with a wide range of workers from each industry, the database is constantly updated.
Question incomplete:according to o*net, what are common tasks performed by hotel, motel, and resort desk clerks? check all that apply.
A. carrying guests' luggage to their rooms
B. making and confirming reservations
C. greeting and registering guests
D. cleaning guests' rooms
E. establishing how customers will pay
F. contacting housekeeping staff
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a city engineer has estimated the annual toll revenues from a newly proposed highway construction over 20 years as follows: to validate the bond, the engineer was asked to present the estimated total present value of toll revenue at an interest rate of 6%. assuming annual compounding, find the present value of the estimated toll revenue.
To find the present value of the estimated toll revenue, we need to discount each future cash flow by the interest rate over 20 years.
What is cash flow?
Cash flow refers to the inflow and outflow of cash in a business or personal finance context. In the context of a business, it is the amount of cash generated or used in the operations of the business.
The formula for present value is:
PV = CF / (1 + r)^t
Where:
CF = the future cash flow,
r = the interest rate (in decimal form),
t = the time period (in years).
Given the annual toll revenue over 20 years, we can calculate the present value of each year's revenue and sum them up to get the total present value of the estimated toll revenue.
Assuming the annual toll revenue over 20 years is [R1, R2, ..., R20], the present value of the estimated toll revenue would be:
PV = R1 / (1 + 0.06)^1 + R2 / (1 + 0.06)^2 + ... + R20 / (1 + 0.06)^20
Note that the interest rate of 6% should be converted to decimal form before using it in the formula (0.06).
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he portion of private equity that focuses on helping new companies grow is called: a. convertible debt. b. invertible private shares. c. venture capital. d. buyout market.
option (c), Venture capital is the area of private equity that concentrates on assisting startup businesses in expanding.
What are the main objectives of venture capital for startups?As a kind of private equity and funding, venture capital (VC) is given by investors to start-up companies and small firms with the potential for long-term growth. The vast bulk of venture money is frequently provided by well-off people, investment banks, and other financial institutions.
Wealthy individuals or companies contribute money to a venture capital firm so that it can manage their investment portfolios and make high-risk start-up investments on their behalf in exchange for equity, and this is how a venture capital fund gets its investments. The main idea is to invest in the financial health and infrastructure of a company.
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what is the total benefit associated with producing eight units of the control variable in the table)? control variable total benefits total costs net benefits marginal benefit marginal cost marginal net benefit q b(q) c(q) n(q) mb(q) mc(q) mnb(q) 0 0 0 0 - - - 1 900 100 800 900 100 800 2 1,700 300 c 800 200 600 3 2,400 600 1,800 700 e 400 4 a 1,000 2,000 600 400 200 5 3,500 1,500 2,000 500 500 f 6 3,900 2,100 1,800 d 600 -200 7 4,200 2,800 1,400 300 700 -400 8 4,400 b 800 200 800 -600 9 4,500 4,500 0 100 900 -
Marginal utility and marginal cost are two measures of how the cost or value of a variable changes. Marginal utility affects customers and marginal cost affects producers.
Businesses must consider both concepts when manufacturing, pricing, and marketing their products.
Marginal utility is the maximum amount a consumer is willing to pay for additional goods or services. Consumer satisfaction tends to decline as consumption increases. Marginal cost is the change in cost when additional units of goods or services are produced.
Marginal utility is the maximum amount a consumer will pay for an additional good or service.
In general, marginal utility decreases as consumption increases.
The marginal cost of production is the change in cost of producing additional units of goods or services.
Marginal utility is frequently used in public services. Governments often have to balance incremental utility with limited resources.
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Candace just accepted her first job paying a $48,000 salary and is planning to take a $5,000 vacation cruise throughout Europe for 2 weeks. She is debating whether to take the trip now and finance it with a promotion from the travel company offering no payments for a year at a monthly periodic rate of 1%, or wait the year and save to pay for the trip. If she takes the trip now she will start her career 2 weeks late. Approximately how much would she save by waiting a year and not taking her unpaid time from work to travel?a. $2,480.b. $634.c. $1,557.d. $600.
She would save about $2480 if she waited a year and didn't use her unpaid time off from work to travel.
A cost is the amount of money that was spent to produce an item or provide a service, but that can no longer be used for production, research, retail, or accounting. The total cost of the transaction is considered while determining the acquisition cost.
Additional expenses if the vacation is taken right away:
Loss of pay = 48000 * (2 / 52) = 1846.153846
Interest on loan = Loan * Rate * no of terms
Interest on loan = 5000*1%*12
Interest on loan = 600
Total cost = 1846.15 + 600
Total cost = 2446.15
(A) $2480 will be saved
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if the company marks up its manufacting costs by 10% then the selling price for job a319 would be closest to
The selling price for job a319 would be closest to:
Total cost of Job A319 $3,069
Markup ($3,069 × 20%) 614
Selling price$3,683
The sum of all resources utilised in the manufacture of a product is known as the manufacturing cost. Direct materials cost, direct labour cost, and manufacturing overhead are the three categories of manufacturing costs.
It contributes to the overall delivery cost. product costs are the expenses incurred by a company when producing a product or providing a service that generates revenue for the company. Labor, raw materials, consumable manufacturing supplies, and general overhead are all examples of Selling costs. The sum of all resources utilised in the manufacture of a product is known as the manufacturing cost.
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