Answer:
labor of the maintenance employees
labor of the clerical staff.
Explanation:
As we know that the labor cost would be classified into two cost i.e.
1. Direct labor cost where the cost is directly include in the production process like payment made to assembly worker
2. The indirect labor cost where the cost is not directly include in the production process like salaries made to admin staff
So the above represents the answer
How is efficiency related to the number of firms in an industry characterized by strong economies of scale
Answer: C. In industries with a strong economies of scale, efficiency tend to increase as the number of firms decrease. As each firm increases its output, it's cost per unit fall. This means that fewer firms each producing higher output leads to greater efficiency than more firms each producing lower output.
Explanation:
Economies of scale refers to the cost savings made as a result of more production occurring. In other words, efficiency leads to costs decreasing as production increases.
In an industry with strong economies of scale therefore, efficiency will increase as the number of firms decreases because this will allow the remaining firms to increase their production and enjoy economies of scale.
Marcy Company did not pay any dividends in 2004. In 2005, they declared and paid total dividends of $4,000, and in 2006, they declared total dividends of $20,000. How much dividends will be paid to preferred and common stockholders in 2006
Answer:
Dividends paid to preferred and common stockholders in 2006 will be :
Preferred stockholders get $20,000
Common stockholders get $0
Explanation:
Hie , I have attached the full question as an image below.
Preferred Stockholders received their dividends first before the common stockholders do. This is because the Preferred Equity have first preference when it comes to payments of dividends.
Also, when the dividends are cumulative, it means that the previous amounts of dividends not paid are payable in future when the distribution is made. Preference dividends are payable as a fixed amount of stocks outstanding during the reporting period.
That said, the amounts of dividends to be paid to preferred and common stockholders in 2006 can be calculated as follows :
2004
Dividends Declared = $0
Preference dividends Payable = ($100,000 + $250,000) × 6 % = $21,000
Paid to Common Shareholders = $ 0
2005
Dividends Declared = $4,000
Paid to Preference Shareholders = $4,000
Paid to Common Shareholders = $ 0
Payable to Preference Shareholders = $17,000 (2004) + $21,000 (2005) = $38,000
2006
Dividends Declared = $20,000
Paid to Preference Shareholders = $20,000
Paid to Common Shareholders = $ 0
Payable to Preference Shareholders = $18,000 (2005) + $21,000 (2006) = $39,000
Your friend, Caitlyn, does not think it is important to review her monthly credit card statement. Instead, she just sets up an automatic minimum payment on the 18th of each month. Convince Caitlyn that this is a bad idea.
Answer: This is a bad idea to set up a automatic minimum payment on the 18 of this month because it can be fraud risk, pricing disparities, minimum payment that is terrible. And in a cause to that, she has to pay extra, has to silly small fees, and picking the same day every month but will change due dates.
I will convince Caitlyn that this is a bad idea because the automatic minimum payment might not be favorable because it will create a backlog if repayment are not done as it is suppose to be paid,
The automatic minimum payment in this context means the automatic (standard) repayment plan of the loan borrowed.
Majority of borrowers are placed on the standard repayment plan because it is automatic.
However, the standard repayment plan might not be favorable because it will create a backlog if repayment are not done as it is suppose to be paid,
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In Angola in 2004, GNI is much less than GDP. Angola is an oil-exporting country. What is a plausible relationship between these two facts
Answer:
The GDP includes the value of all the final goods and services produced in a country, while the GNI includes the value of all the final goods and services produced by the citizens of a country, regardless of where they are located.
Angola's GDP is higher than its GNI because many foreign companies must produce oil, and that increases GDP but is not included in the GNI).
37.Ralph is known throughout the company as being an old curmudgeon. But, he is without a doubt the most knowledgeable person in the fraud analysis department. The system project you are working on has to have an interface to various fraud applications. How should you prepare for an interview with Ralph
Answer:
Make Ralph understand WHY he needs to be interviewed. Make sure he understands the business value of the proposed system and why his input is vital. Send him questions in advance; talk to somebody who knows him so you can understand him more.
Explanation:
In the given scenario Ralph was described as an old curmudgeon. This means he is an ill tempered person that generally expresses no joy.
However he is without a doubt the most knowledgeable person in the fraud analysis department.
In preparation to interview him there is a need to make him understand why there needs to be an interview. When he sees the need for the interview he will be more engaged.
This can be done by explaining business value of the proposed system and why his input is vital.
Also questions can be sent to him ahead of the interview songs can better prepare
The definition of ethics provided in the book focuses on _______. Group of answer choices a) organization b) culture c) business d) conduct
Answer:
d) conduct
Explanation:
Ethics can be defined as a code of conduct that serves as a parameter to guide the behaviors and moral values present in a society.
Therefore, in business, it is essential that the code of ethics represents a conduct of positive behavior that helps to preserve values such as justice, integrity and equality of employees. Ethics assists in maintaining positive organizational values, in building a work environment focused on cooperation, respect and development of individual and general skills.
Suppose the demand for apples becomes more elastic. All else equal, this means that the same change in price will result in
Answer:
a greater change in quantity demanded
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.
) A price change would have the largest income effect on a A) magazine. B) tablet computer. C) piece of clothing. D) car.
Answer:
d
Explanation:
A change in price leads to two effects :
The income effect The substitution effectThe income effect is the change in quantity demanded as a result of a change in real income which affects the consumes purchasing power.
A car constitutes a very large part of a consumers expenditure due to its cost. Thus, the income effect for a car would be the largest
The substitution effect is the change in demand as a result of change in the price of the good compared to the price of another substitute good.
While consumers can use ________ to assist them with shopping, retail clerks, salespeople, and technicians can also use them to check manuals for technical information, verify stock inventories, place orders, or even check out customers from anywhere in the store.
Answer:
While consumers can use __shopping list__ to assist them with shopping, retail clerks, salespeople, and technicians can also use them to check manuals for technical information, verify stock inventories, place orders, or even check out customers from anywhere in the store.
Explanation:
Customers usually prepare shopping lists to help them with their shopping activities. A shopping list is a prepared list of items that a consumer uses to purchase goods and services. The list improves the quality of the shopper's experience by making it easier, faster, and most importantly, smarter for the customer to pick out the required items or services. It is also a means of controlling one's expenses.
Creditors' claims on assets are called: Multiple Choice Net losses. Expenses. Revenues. Equity. Liabilities.
Answer:
Equity Liabilities The description of the relation between a company's assets, liabilities, and equity, which is expressed as Assets Liabilities Equity, is known as the: Multiple Choice Income statement equation Accounting equation.
An advertisement that uses a beautiful woman to promote a product would be using which of the
following advertising techniques:
A.
Nostalgia
B.
Bandwagon
C.
Sense Appeal
D.
Statistics
Answer:
Sense Appeal
Explanation:
Sensory branding is a type of marketing that appeals to all the senses in relation to the brand. It uses the senses to relate with customers on an emotional level. Brands can forge emotional associations in the customers' minds by appealing to their senses.
Answer:
Sense Appeal
Explanation:
Just took the test
Obligations to suppliers of merchandise that bear interest and are for a longer term than open accounts are called
Answer:
Non - Current or Long term liabilities
Explanation:
According to the Conceptual Framework, Liabilities are present obligation of an entity that arise as a result of past events from which cash outflows are expected.
Liabilities of a long term nature usually exceeding period of 12 months are called Non- Current or Long term Liabilities
Thus, Obligations to suppliers of merchandise that bear interest and are for a longer term than open accounts are called Long term liabilities
In regard to employee benefits, on October 20, 2X13, the CFO of Scare Crow PLC in London is committed to terminating Aunt Emma on December 31, 2X13 and will be offering her a benefit package of 100,000 British Pounds Sterling. Aunt Emma is qualified to retired from Scare Crow on December 31, 2X16. The proper treatment of this decision is
Answer:
1 October 31, 2X13 statement: Debit termination expense for 100,000 British Pounds Sterling, Credit termination payable 100,000 British Pounds Sterling
Explanation:
The proper treatment of this decision is as follow
The benefits package cost of 100,000 British pounds will be recorded as an expense in the termination expense account. A debit entry in this account will be recorded.
On the other hand, the payment is not made to Aunt Emma, so liability will be created to record the offer of the benefits package. A credit entry in the Termination payable ( Aunt Emma ) account to record the liability equal value recorded in the expense account.
The Journal Entry will be as follow
Dr. Termination expense_100,000 British Pounds Sterling,
Cr. Termination payable _100,000 British Pounds Sterling
A loan is amortized over five years with monthly payments at an annual nominal interest rate of 9% compounded monthly. The first payment is 1000 and is to be paid one month from the date of the loan. Each succeeding monthly payment will be 2% lower than the prior payment. Calculate the outstanding loan balance immediately after the 40th payment is made.
Answer:
$7,112.73
Explanation:
We can use the financial calcualtor and some formulas or use the easy way and use excel goal seek.
We contruct the table and find the value of the principal cell that makes the principal after 60 payment zero with payment of $1,000 decreasing 2% each month
the following is made:
A1 period
1 to 60
B1 couta
1,000 x (power(0.98;period cell)
C1 interest
previous principal x 9/1200
D1 amortization B1 - C1 that is installment less interest
E1 principal: previous principal - current period amortization
--loan schedule is attached to provide more help--
A loan officer at Southwest Bank is considering a loan application from Preferred Pet Care, Inc. He is concerned about the company's ability to make payments on the loan. The loan officer is likely to be interested in Preferred Pet Care's statement of cash flows True
Answer:
True
Explanation:
This is true, the loan officer would be interested in Preferred Pet Care's statement of cash flow. This statement basically gives the loan officer all of the required information regarding how much cash is entering and leaving the Pet Care's business. This, therefore, gives the loan officer an idea of how much profit the Pet Care business is making and that will determine whether or not they will be able to pay back the loan if it was granted to them. The statement will need to prove that the profit being generated is enough to pay back the loan without making the Pet Care business go into debt.
ou owe your credit company $25,000 and plan to make no payments on your credit card for 1.0 year. Due to your current credit score, your credit card company charges you an APR of 30.0%. If, however, you took immediate measures to improve your credit score by 100points, your credit card company agrees to improve your APR by 5.0%. Assuming you are then unable to make any payments for 12 months, how much money would you save by taking immediate actions to improve your credit score
Answer: $1,603.93
Explanation:
APR is monthly so figures have to be adjusted to monthly figures for a year.
If you fail to improve your credit score, the interest you will pay is:
= 25,000 * [(1 + 30%/12)¹² - 1]
= $8,622.22
If you improve your credit score, your APR will decrease to 25.0% from 30%.
Interest paid would be:
= 25,000 * [(1 + 25%/12)¹² - 1]
= $7,018.29
Savings = 8,622.22 - 7,018.29
= $1,603.93
Answer:
1,603.93
Explanation:
When using the Copy to Purchase Order feature from within an Estimate, where do you need to turn on Use Purchase orders?
Answer:
Account and Settings > Expenses > Purchase orders
Explanation:
A loss has a Debit balance and is shown on the balance sheet. A gain has a Credit balance and is shown on the balance sheet. B. A loss has a Debit balance and is shown on the Income Statement. A gain has a Credit balance and is shown on the Income Statement. C. A loss has a Debit balance and is shown on the Income Statement. A gain has a Credit balance and is shown on the Balance Sheet. D. A loss has a Credit balance and is shown on the Income Statement. A gain has a Debit balance and is shown on the Income Statement.
Answer:
A gain has a Credit balance and is shown on the Income Statement. C. A loss has a Debit balance and is shown on the Income Statement.
Explanation:
As we know that the revenues and gains contains the normal credit balance while on the other hand the expenses and losses contains the normal debit balance and both are reported on the income statement
The gain would be reported on the credit side of the income statement and the loss would be reported on the debit side of the income statement
So the same is relevant too
A gain or a loss is the excess or deficit in the difference of the costs or the base value and the selling price of the goods or services. The gain or loss incurred by a business becomes part of the Income Statement.
The accurate statement for the recording of the gain or loss is:
Option B. A gain has a Credit balance and is shown on the Income Statement. C. A loss has a Debit balance and is shown on the Income Statement.
As per the dual entry bookkeeping system, all the revenues and gains have a general credit balance while the normal balance of the expenses and losses is a debit balance.
The income statement is the financial statement that records the incomes, gains, expenses, and costs occurred in the particular financial year.
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When Tyree Elliott was hired as a public relations advisor to the CEO of a Fortune 500 company, he welcomed the help he received from Rae Rogers, a senior manager. Rogers was able to show Elliott the places where trouble was likely to occur, the likes and dislikes of the CEO, and how to do the best job possible. Which of the following statements describes what was going on in this situation?
a. Elliott was given no training at all.
b. Elliott was assuming the role of an apprentice.
c. Rogers was using off-the-job training techniques.
d. Rogers was assuming the role of a mentor.
Answer:
d. Rogers was assuming the role of a mentor.
Explanation:
Remember, the term mentor is usually assigned to someone who is more experienced, and who provides valuable and trusted advice to someone with lesser experience.
Based on this description, and the fact that we are told that "Rogers was able to show Elliott the places where trouble was likely to occur," makes Roger fit the role of a mentor.
Which of the following is not correct? Group of answer choices Natural monopolies are often subject to regulation. Public ownership is the most common and effective public policy toward monopolies in the United States. Sometimes the best public policy toward a monopoly is to do nothing. Antitrust laws may prevent mergers that would actually raise social welfare.
Answer: Public ownership is the most common and effective public policy toward monopolies in the United States
Explanation:
A natural monopoly is a monopoly that occurs as a result of the company having an economies of scale and also due to the huge amount of money required for its investment. These monopolies are subject to regulation.
Also, sometimes the best public policy toward a monopoly is to do nothing. Lastly, antitrust laws may prevent mergers that would actually raise social welfare.
Therefore, based on the question asked, the answer is option B.
Explain how current economic indicators, such as inflation and unemployment, affect you personally. Explain how they may affect you as a manager
Answer is given below :
Explanation:
In an economy, inflation raises the price level of the basket of goods and services, thus reducing the demand for this affected good and services. This decrease will increase the listings in companies as sales of these goods and services will decrease. Production is the work of labor and capital, NRSE inflation is reduced and there is no need for more production at the company level to reduce the inventory sold, which allows firms to reduce costs in the form of labor cost and other variable costCompanies tend to sell their untold innovations due to declining sales and top-downs that reduce profit margin. Therefore managers are concerned about the profitability of the company and their bonus.Jackson Implements, Inc. uses straight-line depreciation for an item of equipment that cost $135,000, had a salvage value of $15,000, and had a six-year useful life. Determine the amount of depreciation to be charged against the machine during each of the six years of its useful life using straight line depreciation. Group of answer choices $15,000 $25,000 $20,000 $18,000
Answer:
the depreciation that should be charged over the useful life each year is $20,000
Explanation:
The computation of the depreciation expense using the straight line method is shown below:
= (Purchase cost of an equipment - residual value) ÷ (useful life)
= ($135,000 - $15,000) ÷ 6 years
= $120,000 ÷ 6 years
= $20,000
hence, the depreciation that should be charged over the useful life each year is $20,000
the Quality Control element most directly related to assuring that the company has sufficient personnel with needed competence, capabilities, and commitment is
Answer:
Human resources (HR).
Explanation:
The Quality Control element most directly related to assuring that the company has sufficient personnel with needed competence, capabilities, and commitment is Human resources (HR).
Human resources (HR) can be defined as an art of managing, controlling and improving the number of people (employees or workers), functions, activities which are being used effectively and efficiently by an organization.
Hence, human resources managers are saddled with the responsibility of managing and improving the welfare and working conditions of the employees working in an organization.
If the Bank of Uchenna is not meeting its reserve requirement, what action can it take to meet the reserve requirement without calling in loans or selling property
Answer:
In this situation, the Bank of Uchenna has two options:
It can borrow extra funds to meet the reserve requirements in the interbank market. These funds would be borrowed at the federal funds rate if the bank is the U.S., or at the specific interbank rate applying to the area where the bank is located.
Or it can borrow those extra funds from the central monetary authority, in other words, the central bank (the fed in the case of the U.S.), since one of the main functions of a central bank is acting as lender of last result for financial institutions when these institutions are in need.
In this situation, Uchenna Bank has two options that can be done by the bank without calling in loans or selling property :
Additional funds can be borrowed to meet the reserve requirement requirements of the interbank market.These funds are borrowed at the federal funds rate if the bank is based in the United States, or at a specific interbank rate applicable to the area in which the bank is located.
They can borrow these additional funds from Central bank.The central bank's main functions is to act as a lender to the central bank, you can borrow these additional funds from the central bank, the central bank (FRB in the United States).
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The city hall of Greensburg will be considered a hybrid building. List two of the building systems that will make up the sustainable portion of this hybrid building.
Answer:
The building systems that will make up the sustainable portion of the city hall of Greensburg as a hybrid building are:
1. Ground source heat pumps
2. Vegetated roof with rooftop photovoltaic (PV) system
Explanation:
The city hall of Greensburg relies on renewable energy sources for all the hybrid building's energy needs. The architectural features of a hybrid building serve the city context and the architectural designs aimed at building sustainable communities. With its ground source heat pumps and vegetated PV roof, the city hall of Greensburg will indeed be considered a hybrid building in the real sense. This project came after the 2007 massive tornado that destroyed the city, and as a result, city and community leaders have demonstrated their commitment to rebuilding the town as a model sustainable rural community.
Answer:
ground source heat pump
An employer is concerned that her workplace has only a few African-Americans, Hispanics, and women in upper-level management and skilled labor jobs. Most unskilled-labor and clerical positions are held by women and minorities. The employer decides to institute a program that will increase the numbers of minorities and women in management and skilled-labor positions. Is this permissible
Answer:
This is not permissible
Explanation:
This is not permissible because giving them any forms of special treatments is going to be considered to be discriminatory to other people.
Discrimination on the basis of gender, age, color, religion is illegal in the united states and considered a criminal offense.
So even though management has good intentions they have to consider;
1. If these group of people have the required qualifications
2. If there are openings to accommodate these groups given that they are qualified.
3. Filling up every job with this group is going to be regarded as reverse discrimination.
McAlister Company is operating at capacity and desires to add a new service to its rapidly expanding business. The service should be added as long as service revenues exceed: the sum of variable costs and any related opportunity costs. variable costs. the sum of variable costs, fixed costs, and any related opportunity costs. the sum of variable costs and fixed costs. fixed costs.
Answer:
the sum of variable costs and any related opportunity costs
Explanation:
They can add this new service given that this condition is met. As long as service revenue is greater than the sum of variable cost and any related opportunity cost. This is because it covers variable expenses.
If the situation is that a new service/division has been added, then the deciding factor would be if the new product or this division can cover for the various variable expenses that was incurred.
(True) or (False)? The total amount of depreciation accumulated for an asset over its entire life will differ depending on the method of depreciation used.
Answer:
True
Explanation:
Let us illustrate this using the below hypothetical case:
Asset acquired-motor vehicle
useful life is 3 years
salvage value $20,000
cost of the asset=$100,000
depreciation methods:
straight-line method
double-declining balance method
depreciation under straight-line method=(cost-salvage value)/useful life
depreciation under straight-line method=($100,000-$20,000)/3=$26,666.67
accumulated depreciation for 3 years=$26,666.67 *3=$80,000
double declining balance method:
double-declining rate=100%/useful life *2=100%/3*2=67%
2 means double
year 1 depreciation=$100,000*67%=$67,000
year 2 depreciation=($100,000-$67000)*67%=$22,110
year 3 depreciation=($100,000-$67000-$22110)*67%=$7,296
accumulated depreciation for 3 years=$67,000+$22,110+$7,296=$96,406
$80,000 not equal to $96,406
The regular selling price for the product is $80. The annual quantity of units produced and sold is 40,000 units (the costs above relate to the 40,000 units production level). The company has excess capacity and regular sales will not be affected by this special order. There was no beginning inventory. What would be the effect on operating income of accepting a special order for 1,000 units at a sale price of $40 per product
Answer:
The correct option is d. Increase by $19,500.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
Pluto Incorporated provided the following information regarding its single product:
Direct materials used = $240,000
Direct labor incurred = $420,000
Variable manufacturing overhead = $160,000
Fixed manufacturing overhead = $100,000
Variable selling and administrative expenses = $60,000
Fixed selling and administrative expenses = $20,000
The regular selling price for the product is $80. The annual quantity of units produced and sold is 40,000 units (the costs above relate to the 40,000 units production level). The company has excess capacity and regular sales will not be affected by this special order. There was no beginning inventory.
What would be the effect on operating income of accepting a special order for 1,000 units at a sale price of $40 per product? Note: The special order units would not require any variable selling and administrative expenses.
a. Decrease by $19,500
b. Decrease by $18,000
c. Increase by $18,000
d. Increase by $19,500
The explanation of the answer is now provided as follows:
We first calculate the expected total relevant cost of the special order as follows:
Direct materials cost per unit = Direct materials used / Annual units = $240,000 / 40,000 = $6.00
Direct labor cost per unit = Direct labor incurred / Annual units = $420,000 / 40,000 = $10.50
Variable manufacturing overhead per unit = Variable manufacturing overhead / Annual units = $160,000 / 40,000 = $4.00
Expected special order total relevant cost = (Direct materials cost per unit + Direct labor cost per unit + Variable manufacturing overhead per unit) * Special order units = ($6.00 + $10.50 + $4.00) * 1,000 = $20.50 * 1,000 = $20,500
Expected revenue from the special order = Special order units * Special order selling price per unit = 1,000 * $40 = $40,000
Expected profit from the special order = Expected revenue from the special order - Expected special order total relevant cost = $40,000 - $20,500 = $19,500
Since the expected profit from the special order is $19,500, it therefore implies that accepting it would increase operating income by $19,500.
Therefore, the correct option is d. Increase by $19,500.
On August 1, 2021, Dambro Company acquired 1,200, $1,000, 9% bonds at 97 plus accrued interest. The bonds were dated May 1, 2018, and mature on April 30, 2027, with interest paid each October 31 and April 30. The bonds will be added to Dambro's available-for-sale portfolio. The preferred entry to record the purchase of the bonds on
Answer:
Dr Debt Investments 1,164,000
Dr Interest Revenue 27,000
Cr Cash 1,191,000
Explanation:
Preparation of The preferred entry to record the purchase of the bonds
Based on the information given the preferred journal entry to record the purchase of the bonds will be :
Dr Debt Investments 1,164,000
(1,200 × $1,000 × .97)
Dr Interest Revenue 27,000
($1,200,000 × .09 × 3/12)
(04/31 – 08/01)
Cr Cash 1,191,000
($1,164,000 + $27,000)