The total expected cash receipts in March are $159,000.
How to calculate the total expected cash receiptsTo calculate the total expected cash receipts during March, we need to determine the credit sales in January, February, and March.
In January, credit sales are $72,000 ($120,000 x 60%). Half of this amount ($36,000) will be collected in January and the other half in February.
In February, credit sales are $108,000 ($180,000 x 60%).
Half of this amount ($54,000) will be collected in February and the other half in March.
In March, credit sales are $90,000 ($150,000 x 60%).
Half of this amount ($45,000) will be collected in March and the other half in April.
Therefore, the total expected cash receipts in March are $159,000 ($120,000 x 40% + $36,000 + $54,000 + $45,000).
The correct answer is $159,000.
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Lynn works as a casting agent for a small production company. She oversees auditions and interviews actors to find the perfect person for the current production. Lynn works in the ______ pathway of the Arts, AV Technology, and Communication cluster.
Question 5 options:
AV Technology and Film
Performing Arts
Journalism and Broadcasting
Telecommunications
Answer:
Performing arts
Explanation:
Where ownership is divided among several partners, the parent organizations are more likely to delegate the operational running of the IJV to ________. A) local IJV management B) parent company management C) middle managers at the parent company level D) management teams from the largest company in the joint venture
When ownership is divided among several partners, the parent organizations are more likely to delegate the operational running of the IJV to the local IJV management. So, the correct answer is A) local IJV management.
This is because the local management is more familiar with the local business environment and cultural nuances, which can be critical to the success of the IJV.
Additionally, delegating operational responsibilities to local management can help build trust and relationships with local stakeholders, including employees, customers, suppliers, and government officials.
While the parent company management and middle managers at the parent company level may still have some oversight responsibilities, they are less likely to be directly involved in the day-to-day operations of the IJV. Management teams from the largest company in the joint venture may also have some influence, but ultimately, the local IJV management is the most likely to have the primary operational responsibility.
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When a taxpayer uses the FIFO inventory valuation method, the assumption on which the method is based is that the inventory on hand at the end of the year consists of the most recently acquired items.
A. True
B. False"
The statement is true. The FIFO (First-In, First-Out) inventory valuation method assumes that the first items purchased or produced are the first items sold, and therefore the remaining inventory at the end of the year consists of the most recently acquired items.
This method is commonly used by businesses that sell perishable goods or those that experience frequent price increases, as it results in a higher cost of goods sold and a lower ending inventory value, which can help to minimize taxable income. However, it may not accurately reflect the actual physical flow of goods in some cases, and other methods such as LIFO (Last-In, First-Out) or weighted average cost may be more appropriate. Overall, the choice of inventory valuation method can have significant impacts on a company's financial statements and tax liabilities, and it is important for taxpayers to understand the assumptions and implications of each method before making a decision.
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Intellectual skill as a learning outcome primarily includes the capability to _____.
Intellectual skill as a learning outcome primarily includes the capability to think critically, analyze, synthesize, and evaluate information.
Intellectual skills as learning outcomes refer to the ability to process information, analyze it, and use it to solve problems or make decisions. This may include skills such as critical thinking, problem-solving, decision-making, and analytical reasoning. Intellectual skills are essential for learners to develop in order to succeed in a range of academic and professional contexts. Developing intellectual skills often involves engaging in activities that promote active learning, such as group discussions, research projects, case studies, and simulations, among others.
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When Erik's son went to college, he purchased a property for his son near campus for $100,000. At the time, the property tax assessment allocated 10% of the property value to the land. After his son graduated, Erik decided to keep the house for use as a rental. The fair market value at the time of the conversion was $150,000, but now the tax assessment allocated 35% to land value. The basis for depreciation of the house is __________.
$90,000
$97,500
$100,000
$150,000
The basis for depreciation of the house is $97,500.
To calculate this, we need to first determine the cost basis of the property. The cost basis is the original purchase price of $100,000 plus any improvements or expenses incurred to acquire the property. Since no information is given about any improvements or expenses, we can assume the cost basis is just the purchase price of $100,000.
Next, we need to allocate the cost basis between the land and the house. Initially, the tax assessment allocated 10% of the property value to the land, so we can allocate $10,000 of the cost basis to the land and $90,000 to the house.
When Erik converted the property to a rental, the fair market value was $150,000, but now the tax assessment allocates 35% to land value. This means the land is now valued at $52,500 (35% of $150,000) and the house is valued at $97,500 ($150,000 - $52,500).
Since the basis for depreciation is only allocated to the house, we take the $90,000 original cost basis for the house and subtract the new value of the land, which is $52,500. This leaves us with a basis for depreciation of $37,500 ($90,000 - $52,500).
Therefore, the answer is option b) $97,500.
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Using the Airbnb Chicago February 2019 dataset answer the following questions.
how many shared rooms are available in chicago for a price of over $300? tableua
According to the following question the number of shared rooms that is available in Chicago on the data bases of 2019 is 1.
Chicago is rent friendly it helps the customers to buy the house or leave in the rented house. The shared rooms for $3000 are available by 4 rooms whereas the rooms that cost $300 to $500 had 1 room. The shared room in Chicago per day is not costly, it is cost effective and also the multi-family rooms are also available. The average rent in Chicago is $2215 for 750 square feet. Chicago is less expensive compared to other countries like New York and LA the rent is less than 16% comparatively. There many single buildings and also multi bedrooms for rent. The rent is budget free and the apartments are costly compared to the buildings.
The tenant can leave in the climate of Chicago which is more friendly and also the rented rooms are legal and judge by law. There even many options to find the roommates for the shared rooms in Chicago also there are many groups that can be found in the social media which helps the people to find the shared rooms in Chicago.
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The question is incomplete the complete question is How many discrete Shared Rooms are available in Chicago for a price of over $300? [Hint: Use Room Type)
a. 3
b. 2
c. 22
d. 1
simon is an accountant looking through investment paperwork. he needs to make a compound interest calculation. information he needs available to do that includes . (select all that apply.) frequency of compounding initial investment amount type of investment interest rate
Simon, being an accountant, needs to make a compound interest calculation based on the investment paperwork. In order to do this calculation, he needs to have access to certain information which includes the frequency of compounding, the initial investment amount, the type of investment, and the interest rate.
The frequency of compounding is an important factor that Simon needs to know in order to accurately calculate the compound interest. Compounding can be done daily, monthly, quarterly, or yearly, and the more frequently the investment compounds, the greater the interest earned.
The initial investment amount is another key factor that Simon needs to know as it directly impacts the overall return on investment. The higher the initial investment, the greater the potential earnings.
The type of investment is also important as it affects the interest rate and potential earnings. Different types of investments have varying interest rates and returns, so Simon needs to know the type of investment in order to accurately calculate the compound interest.
Lastly, Simon needs to know the interest rate, which is the rate at which the investment grows over time. The higher the interest rate, the greater the potential earnings.
In conclusion, in order for Simon to accurately calculate the compound interest, he needs to have access to the frequency of compounding, initial investment amount, type of investment, and interest rate. These factors are all interrelated and play a significant role in determining the overall return on investment.
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Calculate the total change in aggregate demand because of an initial $300 decrease in investment spending, given that C = 150 + 0. 50YD. $1,200 decrease $300 decrease $150 decrease $600 decrease i think it is 300 but i think i am wrong
The total change in aggregate demand resulting from a $300 decrease in investment spending is a decrease of $600.
The change in aggregate demand resulting from a change in investment spending can be calculated using the following formula:
∆AD = ∆I x (1 / MPC)
where MPC stands for marginal propensity to consume, I for investment spending change, and AD for aggregate demand change.
Since the problem provides us with the consumption function, we can calculate the MPC as follows:
MPC = ∆C / ∆YD = 0.50
where C represents the change in consumption and DY represents the change in disposable income.
Now we can plug in the values and solve for ∆AD:
∆I = -$300 (given)
MPC = 0.50 (calculated)
∆AD = -$300 x (1 / 0.50) = -$600
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What are the three questions to help do supply and demand problems?
The three questions to help solve supply and demand problems are:
1) What is the demand for the product/service at a certain price?
2) What is the supply of the product/service at that same price?
3) At what price do supply and demand intersect to establish the equilibrium price?
To help with supply and demand problems, consider these three questions:
1. What factors affect the demand for the product or service?
2. What factors influence the supply of the product or service?
3. How do changes in demand and supply impact the equilibrium price and quantity in the market?
These questions help analyze the key components of supply and demand, allowing you to better understand the market dynamics and make informed decisions.
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The postage stamps and petty cash in the architect's drawer as well as his drawing table, his office furniture, and money owed to him by clients are all examples of assets. Question options: True False
The given statement, "The postage stamps and petty cash in the architect's drawer, as well as his drawing table, his office furniture, and money owed to him by clients, are all examples of assets" is True as they have economic value and are owned or controlled by the architect.
All of the items listed, including postage stamps, petty cash, office furniture, and money owed to the architect by clients, are examples of assets. An asset is a resource owned by a company or individual that has economic value and is expected to provide future benefits.
These assets can be tangible, such as office furniture and petty cash, or intangible, such as money owed by clients. Stamps, office furniture, and petty cash are examples of current assets, while money owed by clients is an example of accounts receivable, which is also a current asset.
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borges machine shop, inc., has a 1-year contract for the production of 200,000 gear housings for a new off-road vehicle. owner luis borges hopes the contract will be extended and the volume increased next year. borges has developed costs for three alternatives. they are general-purpose equipment (gpe), flexible manufacturing system (fms), and expensive, but efficient, dedicated machine (dm). the cost data follow annual contracted units annual fixed cost per unit variable cost general-purpose equipment (gpe) 200,000 $100,000 $16.00 flexible manufacturing system (fms) 200,000 $225,000 $14.00 dedicated machine ( dm) 200,000 $500,000 $13.50 based on the cost, the process that is best suited for the current contracted volume is
The process that is best suited for the current contracted volume of 200,000 gear housings is the flexible manufacturing system (FMS), as it has the lowest total cost of $2,825,000.
To determine the best process for the current contracted volume of 200,000 gear housings, we need to calculate the total cost for each alternative and compare them.
For the general-purpose equipment (GPE), the total cost is:
Fixed cost + variable cost = $100,000 + ($16.00 x 200,000) = $3,300,000
For the flexible manufacturing system (FMS), the total cost is:
Fixed cost + variable cost = $225,000 + ($14.00 x 200,000) = $2,825,000
For the dedicated machine (DM), the total cost is:
Fixed cost + variable cost = $500,000 + ($13.50 x 200,000) = $3,000,000
It's important to note that the decision for the best process may change if the contracted volume increases or decreases. If the volume increases significantly, the dedicated machine (DM) may become more cost-effective due to its efficiency. Conversely, if the volume decreases, the general-purpose equipment (GPE) may be more cost-effective due to its lower fixed cost.
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if your goal is to create a similar tax burden for people you should use___
Answer:
proportional tax
Explanation:
Answer:
Progressive tax system.
Explanation:
In a progressive tax system, people with higher incomes pay a higher percentage of their income in taxes than those with lower incomes. This creates a more significant tax burden for those who can afford to pay more and a lower tax burden for those with less to spare.
The progressive tax system is designed to promote fairness and reduce income inequality by redistributing wealth from those who have more to those who have less. By using a progressive tax system, policymakers can help ensure that everyone pays their fair share of taxes based on their ability to pay, rather than burdening low-income earners with higher tax rates they may not be able to afford.
Ignoring taxes and all else held constant, on the the market value of a stock should decrease by the amount of the dividend. a. date of payment O b. dividend declaration date . O c. ex-dividend date
On the ex-dividend date, the stock price typically decreases by the amount of the dividend because investors who purchase the stock on or after this date will not receive the upcoming dividend payment.
The market value of a stock should decrease by the amount of the dividend on the ex-dividend date. This is because, on the ex-dividend date, the stock starts trading without the rights to receive the dividend, and investors who purchase the stock on or after this date will not receive the declared dividend.
To summarize:
- Date of Payment: When the dividend is distributed to shareholders
- Dividend Declaration Date: When the company announces the dividend
- Ex-Dividend Date: When the stock starts trading without the rights to the declared dividend, and the market value of the stock should decrease by the amount of the dividend.
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Bob’s electronics company is launching the sale of a new television, UltraView1000. Bob decides to use phrasematch in his Search Ads campaign because he wants searches that contain UltraView1000 to show his ad. How else will phrase match benefit Bob’s campaign?O Bob’s ad will show on searches with only UltraView1000 included in them, with no additional words.
O Bob’s ad will show on searches for television features similar to UltraView1000.
O Bob’s ad will show on searches for televisions that came to market at the same time as UltraView1000.
O Bob’s ad will show on searches for UltraView1000 and additional words before and after.
Using phrase match can help Bob's campaign reach a highly relevant audience while still allowing for some flexibility in the types of searches that trigger his ad.
Bob's decision to use phrase match in his Search Ads campaign for UltraView1000 can benefit his campaign in several ways. First, the ad will show on searches that contain the exact phrase "UltraView1000", ensuring that his ad is shown to the most relevant audience. Additionally, phrase match can also capture searches that include "UltraView1000" and additional words before or after the phrase, such as "best UltraView1000 TV deals" or "UltraView1000 TV reviews". This allows Bob to reach a wider audience while still maintaining relevance. Phrase match can also capture searches for similar television features, as long as they include the phrase "UltraView1000". This means that Bob's ad may be shown to users who are interested in televisions with similar features to UltraView1000, even if they don't specifically search for UltraView1000 by name. However, phrase match does not guarantee that Bob's ad will show on searches for televisions that came to market at the same time as UltraView1000, as this is not necessarily related to the phrase "UltraView1000".
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Trevino suggests the pillars of ethical leadership include
A. Moral manager
B. Values-based leadership
C. Community of people
D. Moral person
Trevino's ethical leadership framework focuses on two primary aspects: the moral person and the moral manager. Therefore, the correct answer is A. Moral manager and D. Moral person.
Moral person refers to an individual's personal characteristics, such as integrity, honesty, and ethical awareness. Leaders who are moral persons serve as role models for others, demonstrating ethical values through their actions and decisions. They are trustworthy and consistently make decisions based on what is right, rather than what is convenient or beneficial for themselves. Moral manager, on the other hand, is concerned with the leader's responsibility to actively manage the ethical climate within their organization. This includes setting expectations, communicating ethical standards, and holding others accountable for their actions. Moral managers promote a positive ethical environment by reinforcing ethical behavior and addressing unethical conduct when it occurs. Both aspects are essential for effective ethical leadership. Trevino's approach highlights the importance of not only possessing strong personal ethics but also actively promoting and nurturing an ethical culture within the organization. By combining these two pillars, leaders can create an environment where ethical behavior is valued, and the entire community works together to uphold high ethical standards.
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Question 4 Metlock, Inc. began the year with 11 units of marine floats at a cost of $12 each. During the year, it made the following purchases: May 5, 32 unit at $17; July 16, 16 units at $20; and December 7, 21 units at $24. Assume there are 24 units on hand at the end of the period. Metlock uses the periodic approach. (a) Determine the cost of goods sold under FIFO. FIFO Cost of good sold $
Under the FIFO method, the cost of goods sold for Metlock, Inc. is $936.Hi, I'd be happy to help you with your question regarding FIFO (First-In, First-Out) method.
We need to follow these steps:
1. Calculate the total units sold during the year.
2. Identify the units sold in chronological order according to the FIFO method.
3. Calculate the total cost of goods sold.
Step 1: Calculate total units sold during the year:
Beginning Inventory: 11 units
Purchases:
- May 5: 32 units
- July 16: 16 units
- December 7: 21 units
Total units available: 11 + 32 + 16 + 21 = 80 units
There are 24 units on hand at the end of the period. So, the total units sold = 80 - 24 = 56 units.
Step 2: Identify the units sold in chronological order (FIFO method):
- 11 units from Beginning Inventory (at $12 each)
- 32 units from May 5 (at $17 each)
- 13 units from July 16 (at $20 each) [Only 13 units since we've already accounted for 43 (11+32) out of 56 units sold]
Step 3: Calculate the total cost of goods sold:
- 11 units * $12 = $132
- 32 units * $17 = $544
- 13 units * $20 = $260
Total cost of goods sold = $132 + $544 + $260 = $936
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REI Adventure trips range from a women’s kayaking weekend in the San Juan Islands to a five-day family adventure in Olympic National Park. REI Adventure is using a(n) _______ target marketing strategy.
niche
multisegment
concentrated
undifferentiated
REI Adventure trips range from a women’s kayaking weekend in the San Juan Islands to a five-day family adventure in Olympic National Park. REI Adventure is using a(n) multisegment target marketing strategy.
REI Adventure is using a multisegment target marketing strategy. This approach involves targeting multiple segments of the market with different products, services, or marketing messages.
For example, REI Adventure offers trips for women's kayaking, family adventures, and more. Each of these different trips is targeting a different segment of the market, and REI Adventure is offering specific services and marketing messages that are tailored to each market segment.
By understanding the needs, interests, and preferences of each segment, REI Adventure can customize their services and messaging to better meet the needs of each segment and increase their overall sales.
This multisegment target marketing strategy helps REI Adventure to maximize their sales potential by reaching multiple market segments.
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[Garage Sale] While cleaning out his garage, Ezra offers to sell Mia a used computer for $200. Mia replies, "I'll think about it and buy it if I decide to do so." Ezra also calls Irina and offers to sell Irina a used business law book for $50. She asks if she can clean his apartment in exchange for the book, instead of paying cash, and he agrees. Ezra also agrees to sell a communications book for $5 to Tam, who promises to pick it up the next day. Meanwhile, Diego comes to visit and offers Ezra $45 for the business law book. Ezra sells it to him because he decides his apartment is clean enough. Diego also offers Ezra $50 for the used computer. Ezra sells it to Diego because he does not expect to hear from Mia. Diego sees the communications book and offers Ezra $45 for it. Ezra decides to forget about Tam and proceeds to sell the book to Diego for $45. The next day Irina shows up to clean Ezra's apartment and is very angry because Ezra did not save the book for her. Irina claims that Ezra breached their contract because they had a deal. Ezra says that they never had a deal because no consideration was present. He also says that even if cleaning house would be considered consideration, any housekeeping done would have been wholly inadequate to support receipt of the book because his house was already clean. Tam is also angry because Ezra sold the communications book, and informs him that he breached the contract he had with her. Ezra tells her that he had no obligation to hold the book for her because they had a unilateral contract. Two days after they first spoke, Mia tells Ezra that she would like the computer. She tells him that her response bound him and that he should have awaited her action. Ezra tells Diego that he needs to return everything for a full refund. Diego refuses.
Which of the following is true regarding Tam's claim that by selling the communications book to Diego for a higher price, Ezra breached the contract he had with her?
1) Tam is correct.
2) Tam is correct only if she can establish that she had prior dealings with Ezra.
3) Tam is correct only if she can establish that she had provided past consideration in addition to the amount she agreed to pay for the book.
4) Tam is incorrect because her acceptance was illusory.
5) Tam is incorrect because the amount she agreed to pay was significantly less than the fair market value of the book and, therefore, did not amount to consideration.
Tam's claim that by selling the communications book to Diego for a higher price, Ezra breached the contract he had with her is incorrect because her acceptance was illusory.
A unilateral contract is formed when one party makes an offer to another party and the other party can accept only by performing a particular act. In this case, Tam promised to pick up the book the next day, but she did not provide any consideration at the time of making the promise. Therefore, her acceptance was illusory and did not form a valid contract. Ezra was free to sell the book to Diego or any other buyer.
Additionally, the amount she agreed to pay for the book was not significantly less than the fair market value of the book. Therefore, option 5 is also incorrect. The correct answer is option 4, Tam is incorrect because her acceptance was illusory.
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a general-purpose money fund: group of answer choices invests in stock of undervalued companies. limits its investments to real estate properties. invests in virtually any type of money market investment vehicle. limits its investments to short-term, tax-exempt municipal securities.
A general-purpose money fund is a type of mutual fund that invests in a variety of short-term, high-quality, and low-risk money market instruments.
Understanding general-purpose money fundUnlike specialized funds that limit their investments to a specific asset class, such as stocks or real estate, general-purpose money funds can invest in virtually any type of money market investment vehicle.
This includes short-term Treasury securities, commercial paper, certificates of deposit, and repurchase agreements.
However, some funds may choose to limit their investments to a specific type of money market instrument, such as short-term, tax-exempt municipal securities.
The goal of a general-purpose money fund is to provide investors with a low-risk, liquid investment option that offers a higher yield than a traditional savings account.
They are popular among individual investors, corporations, and other institutions that need to park their cash temporarily before deploying it elsewhere.
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Which of the following taxpayers (all age 40) is/are required to file a return? Taxpayer Filing Status Gross IncomeJenny and Jim Married Filing Jointly $ 26,700Allen Single $ 10,300 Timmy Head of Household $ 15,000 Multiple Choice O Jenny and Jim O Allen O Timmy O None of the choices are correct
Jenny and Jim, as they are married filing jointly and their gross income exceeds the filing threshold for their filing status. Allen and Timmy do not meet the filing threshold for their respective filing statuses.
The taxpayers required to file a return are Jenny and Jim. Their filing status is Married Filing Jointly, and their gross income is $26,700. The IRS requires a return for this filing status if the gross income is at least $25,100 (for the tax year 2021). Allen and Timmy's gross incomes are below the filing thresholds for their respective filing statuses. The taxpayer who is required to file a tax return depends on several factors, including their filing status, gross income, and other factors such as age and dependency status.
Based on the information provided, the taxpayers who are required to file a return are:
Jenny and Jim, who are married filing jointly with a gross income of $26,700.
Timmy, who is the head of household with a gross income of $15,000.
Allen, who is single with a gross income of $10,300, is not required to file a return as their income is below the filing threshold for the tax year
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monica received a great deal of praise for her marketing study which showed people see an action as more acceptable____.
Monica's marketing study revealed that people view an action as more acceptable when it is endorsed by a credible authority figure or group.
This phenomenon, known as social proof, is a powerful psychological principle that influences human behavior. By leveraging social proof in her marketing efforts, Monica was able to effectively communicate the value of her product or service and establish trust with her target audience.
The recognition and praise she received for her study demonstrate the importance of understanding human psychology and using it to inform marketing strategies. By incorporating social proof into their messaging, businesses can enhance their credibility and ultimately drive more conversions.
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Requirements:
-Total number of actual direct manufacturing​ labor-hours
used
-Total number of standard direct manufacturing​ labor-hours
allowed for the units produced
-Production-volume variance
The Pallo Company uses a flexible budget and standard costs to aid planning and control of its machining manufacturing operations. Its costing system for manufacturing has two direct-cost categories
The total actual direct manufacturing labor hours used, the total standard direct manufacturing labor hours allowed for the units produced, and the production-volume variance for Pallo Company.
Detailed explanation:
Step 1: Identify the total actual direct manufacturing labor hours used.
This information is typically found in the company's records, such as timesheets or production reports. Add up the total number of hours worked by employees on the specific manufacturing tasks.
Step 2: Determine the total standard direct manufacturing labor hours allowed for the units produced.
Find the standard labor hours per unit for the product. This information is typically found in the company's predetermined standard cost information. Then, multiply the standard labor hours per unit by the total number of units produced.
Step 3: Calculate the production-volume variance.
Production-Volume Variance = (Actual Direct Manufacturing Labor-Hours - Standard Direct Manufacturing Labor-Hours Allowed) × Standard Labor Rate
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What is the indication that the technical debt has become unacceptable?
The indication that technical debt has become unacceptable is when it starts to severely impact the functionality, performance, and/or security of a software system.
This may manifest as an increasing number of bugs or crashes, slower load times, frequent system downtime, difficulty in implementing new features or making changes to the system, and an overall decline in user experience. Additionally, technical debt that has reached an unacceptable level may become costly to maintain and repair, as well as potentially risking the reputation and trust of the business or organization that relies on the software.
The indication that technical debt has become unacceptable is when it significantly impacts productivity, software quality, and overall project costs. This can manifest through increased time spent on maintenance, frequent bugs, and decreased developer morale. To manage technical debt effectively, prioritize refactoring and regular code reviews.
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if bookstore abc books determines it is going to sell books at its profit-maximizing price of $19 in a market facing monopolistic competition, calculate total profit for the store. abc books revenue and cost quantity price total revenue marginal revenue total cost marginal cost 0 $29 $0 - $320 - 10 $26 $260 $26 $390 $7 20 $23 $460 $20 $480 $9 30 $21 $630 $17 $590 $11 40 $19 $760 $13 $720 $13 50 $17 $850 $9 $870 $15 60 $15 $900 $5 $1,040 $17
If Bookstore abc books determines it is going to sell books the equation Total Revenue = Cost x Amount, the corporation has a net loss of -$18 monopolistic Competition the total profit made by the company, we must first determine the cost and amount that will maximise profits.
In a monopolistic competitive setting, the profit-maximizing quantity and price are chosen where minimal revenue (MR) and minimal cost (MC) break even..Observing the graph, one can see that this occurs at point A, which is where the MC bend and MR bend cross. At this point, the company manufactures 9 units at a price of $17.
We must deduct the total cost (TC) from the total revenue (TR) in order to determine the complete benefit.
We had to figure out the total cost associated with producing 9 units of yield in order to get the total fetched. able to find the total taken toll per unit of yield using the normal add up to fetched (ATC) bend and then multiply by the amount delivered:
ATC at point A is $19, so the total cost of producing 9 units is as follows:
TC = ATC * Amount
TC = $19 x 9 TC = $171.
Currently able to determine the benefit as follows:
TR - TC Benefit = $153 - $171 Benefit = -$18
Therefore, the company's total profit is -$18.
This suggests that the company is currently losing money.
Complete question:
if bookstore abc books determines it is going to sell books at its profit-maximizing price of $19 in a market facing monopolistic competition, calculate total profit for the store. abc books revenue and cost quantity price total revenue marginal revenue total cost marginal cost 0 $29 $0 - $320 - 10 $26 $260 $26 $390 $7 20 $23 $460 $20 $480 $9 30 $21 $630 $17 $590 $11 40 $19 $760 $13 $720 $13 50 $17 $850 $9 $870 $15 60 $15 $900 $5 $1,040 $17?
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39. A firm has beginning inventory of 400 units at a cost of $11 each. Production during the period was 650 units at $12 each. If sales were 700 units, what is the cost of goods sold (assume FIFO)?
A. $9,000
B. $8,000
C. $7,700
D. $8,100
The cost of goods sold (assume FIFO) for the firm would be $8,000.the cost of goods sold is calculated by taking the cost of the oldest units in inventory and working up to the newest ones.
FIFO stands for First-In-First-Out, a method used for inventory valuation where the oldest items in inventory are sold first. In this case, the cost of goods sold is calculated by taking the cost of the oldest units in inventory and working up to the newest ones.
Using FIFO, the calculation for cost of goods sold would be:
Beginning inventory: 400 units at $11 each = $4,400
Production: 650 units at $12 each = $7,800
Total units available for sale = 400 + 650 = 1,050 units
Cost of goods available for sale = $4,400 + $7,800 = $12,200
Cost of goods sold = 700 units x $11 (the cost of the oldest units) = $7,700
Ending inventory = 350 units x $12 (the cost of the newest units) = $4,200
Cost of goods sold + Ending inventory = Cost of goods available for sale, which is $7,700 + $4,200 = $11,900
Therefore, the cost of goods sold (assume FIFO) is $8,000, which is the cost of the oldest 700 units in inventory.
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Peter hires Alice as an agent to sell a piece of property he owns and tells her that the price has to be at least $30,000. As Alice investigates the market, she realizes that the current market value of the property is probably $45,000 and the value will probably be even higher once the details of new shopping center are announced to the public. Alice forms a Partnership with her cousin Bob and prepares a sales contract for the sale
The Partnership because they ad a binding bi-lateral agreement.
The Partnership because the sales price was higher than the minimum price approved by Peter.
Peter because Alice was his agent and as such she had a duty to act only in Peter's best interest and to inform him of information that could be relevant to the sale of the property.
Peter because a contract for the sale of and is not binding until the Closing Date.
The correct answer is Peter because Alice was his agent and as such she had a duty to act only in Peter's best interest and to inform him of information that could be relevant to the sale of the property.
As an agent, Alice had a fiduciary duty to act in Peter's best interest and provide him with all relevant information regarding the sale of the property. In this case, Alice discovered that the current market value of the property is higher than the minimum price set by Peter.
Therefore, she should have informed Peter about the potential increase in value due to the announcement of the new shopping center. By failing to disclose this information to Peter, Alice breached her duty as his agent. Peter could hold her responsible for not acting in his best interest and seek legal remedies.
Teherefore, the correct answer is Peter because Alice was his agent and as such she had a duty to act only in Peter's best interest and to inform him of information that could be relevant to the sale of the property.
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When she focuses on the flow that begins with the purchase of raw materials and culminates in the sale of a product to end users, Bridgett Hammerschmidt is managing her company's _____.
value chain
supply chain
materials chain
demand chain
In the given scenario, Bridgett Hammerschmidt is most likely managing her company's value chain.
When Bridgett Hammerschmidt focuses on the flow that begins with the purchase of raw materials and culminates in the sale of a product to end users, she is managing her company's value chain.
The value chain is a series of activities that a company performs in order to create value for its customers. It includes all of the activities involved in designing, producing, marketing, delivering, and supporting a product or service.
In contrast, the supply chain refers to the network of businesses and individuals involved in the creation and delivery of a product or service, including suppliers, manufacturers, distributors, and retailers. The materials chain and demand chain are not commonly used business terms.
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the supply curve has a positive slope because responses a marginal cost increases as output increases.marginal cost increases as output increases. b marginal cost decreases as output increases.marginal cost decreases as output increases. c marginal product increases as output increases.marginal product increases as output increases. d marginal product is constant.
The supply curve has a positive slope because as output increases, marginal cost also increases. Option A is correct.
The supply curve shows the relationship between the quantity of a good supplied by producers and the price of the good. The slope of the supply curve is positive because as the price of the good increases, producers are willing to supply more of it to the market.
However, as output increases, the marginal cost of producing each additional unit also increases due to factors such as diminishing marginal returns, which lead to higher production costs. Therefore, the supply curve has a positive slope because marginal cost increases as output increases.
Therefore, option A is correct.
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Renegade Inc. projected sales of 85,000 personal Journals for 2016. The estimated auary 1, 2016, Inventory is 4,300 units, and the desired December 31, 2016 Inventory is 9,000 units What is the budgeted production (in units) for 2016 units
To calculate the budgeted production for Renegade Inc. in 2016, we need to consider the projected sales, the estimated January 1, 2016 inventory, and the desired December 31, 2016 inventory. Here's a step-by-step explanation:
1. Take the projected sales for 2016: 85,000 personal journals.
2. Add the estimated January 1, 2016 inventory: 4,300 units.
3. Subtract the desired December 31, 2016 inventory: 9,000 units.
So, the budgeted production (in units) for 2016 is:
85,000 (projected sales) + 4,300 (initial inventory) - 9,000 (desired ending inventory) = 80,300 units.
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If the shore of population employed in two countries is the same, average living standards will be higher in the country with the Multiple Choice a.larger population b. higher average labor productivity c.smaller population d.lower average labor productivity
Average living standards will be higher in the country with (b) higher average labor productivity.
When two countries have the same proportion of their population employed, the key factor that differentiates their living standards is labor productivity.
Higher labor productivity means that the workforce in that country can produce more goods and services within a given time frame, leading to higher economic output and, subsequently, improved living standards.
A country with a larger or smaller population doesn't necessarily guarantee higher living standards, as population size alone doesn't determine productivity levels or economic performance. Similarly, lower labor productivity would lead to lower output and potentially lower living standards.
Therefore, higher average labor productivity is the most critical factor for ensuring better living standards in this scenario.
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