The incomes in a certain large population of retail managers have a normal distribution with mean $75,000 and standard deviation $10,000.
If four managers are selected at random from this population:
What is the abbreviation to show the sampling distribution?
(don't use a comma for the numbers in the thousands)

The result of this formula would be the total number of quarterly payments required to fully repay the loan.

To calculate the total number of payments required to repay the $490,000 loan with quarterly payments of $15,000, you can use the NPER function.

The formula in cell G8 would be:

=NPER(G10, -G11, G4, G5)

This uses the following arguments:

To know more about loan refer here

https://brainly.com/question/31292605#

#SPJ11

The majority rule does not lead to a stable outcome because there is no clear winner among the options.

Based on the ranking of options by Tom, Jerry, and Butch, we can consider all possible pairwise votes to determine if majority rule leads to a stable outcome on party expenditure.

Pair 1: 50 vs. 75
Tom prefers 75, Jerry prefers 50, Butch prefers 75.
Result: 75 wins (2-1)

Pair 2: 50 vs. 125
Tom prefers 125, Jerry prefers 50, Butch prefers 50.
Result: 50 wins (2-1)

Pair 3: 75 vs. 125
Tom prefers 125, Jerry prefers 75, Butch prefers 75.
Result: 75 wins (2-1)

In this case, the majority rule does not lead to a stable outcome because there is no clear winner among the options. The choice for party expenditure is inconclusive as 50 and 75 both win in different pairwise comparisons, creating a cyclical voting paradox.

To learn more about expenditure visit:

https://brainly.com/question/935872

#SPJ11

The scenario that best describes a resource pooling configuration is when multiple servers, storage devices, or other resources are combined into a single, shared pool to improve efficiency, availability, and load balancing.

Resource pooling is a technique used in IT environments to maximize the use of resources while reducing costs and increasing scalability. By pooling resources, organizations can optimize the utilization of their assets, achieve better load balancing, and ensure a high level of availability.

For example, in a data center, servers can be pooled together to distribute the workload, storage devices can be pooled for efficient data management, and network resources can be pooled for optimal bandwidth usage.
Resource pooling configuration is a powerful strategy to enhance the overall performance and efficiency of an IT environment. It involves combining multiple resources into a single, shared pool for improved load balancing, availability, and cost reduction.

For more information on resource pooling kindly visit to

https://brainly.com/question/16791626

#SPJ11

Therefore, the investment in Washington Corporation account at December 31, 2021 is $227,900.

Amortization Schedule:

Description Total 2021

Investment in Washington (July 1, 2021) $240,000 $240,000

Fair Value Adjustment to Land $40,000 -

Fair Value Adjustment to Equipment $30,000 -

Amortization Expense (5-year useful life) $6,000 $6,000

Investment Income (45% x Washington's Net Income) $31,500 $31,500

Dividends Received $14,400 $14,400

Investment in Washington (December 31, 2021) $282,500 $282,500

Journal Entries:

On July 1, 2021:

Investment in Washington Corporation (45% of 117,000

Cash                                                                $117,000

To record the initial purchase of Washington Corporation's stock.

On December 31, 2021:

Investment Income                                           14,400

Fair Value Adjustment - Land                           30,000

Amortization Expense                                   $6,000

To record investment income, dividends received, and amortization and fair value adjustments for the investment in Washington Corporation.

Calculation of Investment in Washington Account at December 31, 2021:

Initial purchase of Washington stock                                            70,000)                 14,400

Add: Fair value adjustment to land                                                   30,000

Less: Amortization expense                                                                227,900

Learn more about investment Visit: brainly.com/question/29547577

#SPJ4

The insurance that provides for payment of medical expenses, rehabilitation costs, lost wages, and specific lump-sum benefits for death and dismemberment from employment-related injuries or illnesses is Workers' compensation insurance. So, option D. is correct.

Workers' compensation insurance is designed to protect employees who suffer from work-related injuries or illnesses. This insurance policy covers a variety of expenses, such as:

1. Medical expenses: It pays for the cost of treating work-related injuries and illnesses, including doctor visits, hospital stays, surgeries, and medications.
2. Rehabilitation costs: Workers' compensation covers the cost of rehabilitation services, such as physical therapy and occupational therapy, to help employees recover and return to work.
3. Lost wages: If an employee is unable to work due to a work-related injury or illness, workers' compensation insurance provides a portion of their lost wages to help them maintain their financial stability.
4. Specific lump-sum benefits: In case of death or dismemberment resulting from a work-related injury or illness, workers' compensation insurance offers a lump-sum payment to the affected employee or their family.

This type of insurance is essential for both employees and employers. Employees can receive the necessary financial assistance during difficult times, while employers can protect themselves from potential lawsuits by providing workers' compensation coverage.

So, option D. is correct.

Learn more about insurance:

https://brainly.com/question/25855858

#SPJ11

To formalize this investment problem as a Markov decision process (MDP), we need to define its states, actions, transition probabilities, and rewards.

States: Each state will represent the amount of money you have after a certain number of years. For example, S(t, m) represents having m units of money at the end of year t. Actions: There are two possible actions - investing in a CD (A1) or investing in stocks (A2).

Transition Probabilities: If you choose A1, there is a 100% chance of gaining 10% interest. If you choose A2, there is a 70% chance of gaining 30% and a 30% chance of losing 10%. Rewards: The reward is the amount of money you have at the end of 3 years.

To find the optimal policy, we will use dynamic programming methods like value iteration or policy iteration. For each state and action, we will calculate the expected utility considering the transition probabilities and rewards.

The optimal policy will choose the action with the highest expected utility at each state, making sure no loss occurs at the end of 3 years.

In summary, by creating states that represent the money you have at different points, defining the actions and transition probabilities, and computing the optimal policy using dynamic programming methods, we can solve this investment problem as an MDP.

To know more about investment refer here:

https://brainly.com/question/15353704#
#SPJ11

To calculate the present worth of the lottery winnings, we need to consider the 20 equal annual payments of $50,000.

The first payment being made at the end of the second year, and an annual interest rate of 5.25%. To find the present worth, we'll use the formula for the present value of an annuity:

PV = P * [(1 - (1 + r)^-n) / r],where PV is the present value, P is the annual payment, r is the interest rate, and n is the number of payments.

In this case, P = $50,000, r = 0.0525, and n = 20. Plugging these values into the formula, we get:PV = 50,000 * [(1 - (1 + 0.0525)^-20) / 0.0525] = $579,680.

Therefore, the present worth of the lottery winnings at a 5.25% annual interest rate is $579,680.

To know more about lottery winnings refer here:

https://brainly.com/question/30158649#

#SPJ11

Fostering global economic growth is a powerful means of reducing international tensions because it promotes cooperation and interdependence among nations.

When countries are economically interconnected, they have a shared interest in maintaining stable relationships and avoiding conflict. Trade and investment create mutual benefits that incentivize nations to work together and resolve disputes peacefully. Furthermore, economic growth can lead to greater opportunities for individuals and communities, reducing the likelihood of unrest and conflict caused by poverty and inequality. By promoting economic development and cooperation, nations can build relationships based on mutual interests and respect, ultimately reducing the likelihood of tensions and conflicts.

Learn more about global economic growth: https://brainly.com/question/19951697

#SPJ11

One of the major benefits of globalization is the improvement of living standards in developing countries such as China and India.

The increased trade and investment opportunities provided by globalization have led to the growth of these countries' economies and the creation of new jobs. This has resulted in increased income levels for individuals, leading to better access to basic necessities such as food, housing, and healthcare. Additionally, globalization has enabled these countries to access advanced technologies and knowledge from around the world, leading to improvements in infrastructure, education, and healthcare systems. However, it is important to note that not all individuals in these countries have benefited equally from globalization, and there are still challenges such as income inequality and environmental degradation that need to be addressed.

To learn more about globalization, visit:

https://brainly.com/question/30237458

#SPJ11

In a pure monopoly, the firm has complete control over the market and there are no close substitutes available. As a result, the firm can choose to set a price that maximizes its profit without any fear of competition. However, if the firm sets the price too high, it may lose some customers who may not be able to afford the product. On the other hand, if the price is too low, the firm may not be able to cover its costs and make a profit.

To maximize its profit, the firm in a pure monopoly will produce at a level where marginal revenue (MR) equals marginal cost (MC). This means that the firm will produce until the point where the last unit produced adds as much revenue as it costs to produce it. At this level of output, the price charged will be higher than the marginal cost of production but less than the average total cost of production.

In terms of efficiency, output produced by a pure monopoly is not allocatively efficient. This is because the price charged is higher than the marginal cost of production, which means that some potential customers who are willing and able to pay the marginal cost of production are excluded. Therefore, the output produced by a pure monopoly is not socially optimal. However, it is still considered to be productively efficient because the firm is producing at the minimum point on its average total cost curve. Overall, the output produced by a pure monopoly is where D+MC, which is productively efficient but not allocatively efficient.

Know more about pure monopoly here:

https://brainly.com/question/29756000

#SPJ11

The probability that a randomly selected tire will have a life of at least 35,000 miles is 84.13%. So, option b. is correct. The percentage of tires with a life between 34,000 and 44,000 miles is 67.3%. So, option a. is correct.

For question 12, we need to find the probability that a randomly selected tire will have a life of at least 35,000 miles. We can use the normal distribution formula:

Z = (X - μ) / σ

where X is the value we want to find the probability for (35,000 miles), μ is the mean (40,000 miles) and σ is the standard deviation (5,000 miles). Substituting the values, we get:

Z = (35,000 - 40,000) / 5,000 = -1

Using a standard normal distribution table or calculator, we can find that the probability of a Z-score of -1 or less is approximately 0.1587. Therefore, the probability that a randomly selected tire will have a life of at least 35,000 miles is:

1 - 0.1587 = 0.8413 or approximately 84.13% (option b)

For question 13, we need to find the percentage of tires that will have a life of 34,000 to 44,000 miles. We can use the same formula and find the Z-scores for both values:

Z₁ = (34,000 - 40,000) / 5,000 = -1.2
Z₂ = (44,000 - 40,000) / 5,000 = 0.8

Using a standard normal distribution table or calculator, we can find the probabilities for both Z-scores:

P(Z < -1.2) = 0.1151
P(Z < 0.8) = 0.7881

To find the percentage of tires with a life between 34,000 and 44,000 miles, we subtract the probability of Z < -1.2 from the probability of Z < 0.8:

0.7881 - 0.1151 = 0.673 or approximately 67.3% (option a)

Therefore, the answer for question 13 is option a.

Learn more about probability:

https://brainly.com/question/13604758

#SPJ11

If an apprentice fails to measure up to the standards set by the committee, several consequences may arise. The committee, responsible for maintaining and enforcing the established criteria, will first evaluate the apprentice's performance and progress. This assessment will determine if the apprentice's shortcomings are due to a lack of effort, understanding, or external factors.

Upon review, the committee may decide to implement remedial actions to help the apprentice improve. These actions might include additional training, tutoring, or mentoring to address knowledge gaps and performance issues. The apprentice will be expected to take advantage of these resources and demonstrate a commitment to improvement.

If the apprentice continues to underperform despite the additional support, the committee may decide to impose more severe consequences. These can range from probationary periods, where the apprentice must show significant progress to continue in the program, to dismissal from the apprenticeship program altogether.

In summary, an apprentice who does not measure up to the standards set by the committee risks facing remedial actions, probation, or dismissal. It is crucial for the apprentice to actively engage in the learning process and demonstrate progress to avoid jeopardizing their future in the program.

Learn more about committee here:

https://brainly.com/question/11621970

#SPJ11

When evaluating alternatives, it is essential to consider all relevant costs that could be incurred. These costs include both explicit and implicit costs. Explicit costs are those that involve an actual expenditure of money, such as the cost of materials, labor, and overhead expenses.

Implicit costs are more subtle and include the opportunity costs associated with the decision. These are the costs of forgoing the next best alternative.

When evaluating alternatives, it is also important to consider sunk costs. Sunk costs are the costs that have already been incurred and cannot be recovered, such as the cost of purchasing equipment or training employees. These costs should not influence the decision-making process.

Another important factor to consider when evaluating alternatives is the long-term cost-effectiveness of each option. This involves considering not only the initial costs of each alternative but also the costs associated with maintaining and operating it over time. For example, a cheaper alternative may require more maintenance and repair costs over time, making it less cost-effective in the long run.

Ultimately, when evaluating alternatives, it is important to consider all costs, both explicit and implicit, and to weigh the long-term cost-effectiveness of each option to make an informed decision.

Know  more about relevant costs here:

https://brainly.com/question/31253579

#SPJ11

If the subject property has a fireplace and air-conditioning and the comp has only air-conditioning, an adjustment would need to be made to the comp property.

This adjustment would need to account for the difference in value between the two properties due to the presence or absence of a fireplace. The adjustment amount would need to be calculated based on the market value of a fireplace in the area and then applied to the comp property.

This is necessary to ensure that the comparison of the two properties is fair and accurate, and that the final valuation of the subject property is based on the most relevant and comparable data available.

Learn more about subject property here:

brainly.com/question/30044672

#SPJ11

Choosing the appropriate medium for communication is crucial for a manager as it affects the effectiveness and efficiency of the communication. If the medium is not appropriate, the message may not be conveyed effectively, leading to confusion, misunderstandings, and delays.

Here are four forms of media that managers can use for communication along with their pros and cons:

1. Email:

Pros -
- It is a fast and convenient way of communicating.
- It allows for detailed explanations.
- It provides a written record of the communication.

Cons -
- It may not be the best medium for urgent matters.
- It may be impersonal.
- It may lead to misinterpretation or miscommunication.

2. Phone:

Pros -
- It allows for immediate feedback.
- It is a more personal way of communicating than email.
- It can help build rapport and relationships.

Cons -
- It may not be the best medium for complex or detailed information.
- It may be difficult to schedule a time to speak.
- It may be interrupted or distracted by external factors.

3. Video Conferencing:

Pros -
- It allows for face-to-face communication.
- It is a useful medium for remote or virtual teams.
- It saves time and travel costs.

Cons -
- It requires a stable internet connection.
- Technical issues may occur, leading to delays or disruptions.
- It may lack the personal touch of in-person communication.

4. In-person Meetings:

Pros -
- It allows for immediate feedback and interaction.
- It allows for nonverbal cues to be observed and interpreted.
- It can help build relationships and trust.

Cons -
- It may be difficult to schedule a time that works for everyone.
- It may require travel or other expenses.
- It may take longer to communicate the same amount of information compared to other media.

In conclusion, choosing the appropriate medium for communication is crucial for managers. They must take into consideration the type of message, urgency, and audience when deciding which medium to use. Each medium has its pros and cons, and managers must weigh them carefully to ensure effective and efficient communication.

Read more about Communication at https://brainly.com/question/29811467

#SPJ11

The transfer of goods is recorded by debiting Finished Goods Inventory and crediting Assembly Department. The sale of goods on credit is recorded by debiting Accounts Receivable and crediting Sales Revenue. The cost of goods sold is recorded by debiting Cost of Goods Sold and crediting Finished Goods Inventory.

Here are the journal entries for the given production activities:

1. Transferred completed goods from the Assembly department to finished goods inventory. The goods cost $141,000.
Journal Entry:
  Debit: Finished Goods Inventory - $141,000
  Credit: Assembly Department - $141,000

2. Sold $449,000 of goods on credit. Their cost is $152,000.
a) Record the sale of goods on credit.
Journal Entry:
  Debit: Accounts Receivable - $449,000
  Credit: Sales Revenue - $449,000

b) Record the cost of goods sold.
Journal Entry:
  Debit: Cost of Goods Sold - $152,000
  Credit: Finished Goods Inventory - $152,000

Know more about Inventory here:

https://brainly.com/question/14184995

#SPJ11

The terms early adopters and innovators refer to the different stages in the adoption process of a new product or idea.

Innovators are the first to embrace a new product or idea, while early adopters are the next group to follow. Although innovators are important in introducing a new product, it is the early adopters who make up a larger group and have a greater impact on the success of the product.

Early adopters are more socially active and are usually opinion leaders, which means that they have a significant influence on others in their social network. Their behavior and attitude towards a new product can greatly influence the decisions of others. As a result, companies often target early adopters in their marketing efforts and use them as brand ambassadors to help spread the word about their products.

In conclusion, while innovators are important in introducing new products, it is the early adopters who have a larger impact on the success of the product due to their larger numbers and influential role in society.

For more about adopters:

https://brainly.com/question/31173452

#SPJ11

To determine the acceptable range for the transfer price between the Valve Division and the Pump Division at Collyer Products Inc.

Given:
- Valve Division capacity: 10,000 units
- Selling price to outside customers: $15
- Variable costs per unit: $5
- Pump Division's current purchase price: $14 per valve
Since the Valve Division is selling all it can produce to outside customers, the minimum transfer price would be the selling price to those customers, which is $15 per valve. This ensures that the Valve Division does not lose any profit by selling to the Pump Division.
The maximum transfer price would be the current purchase price of the Pump Division from its overseas supplier, which is $14 per valve. This ensures that the Pump Division does not incur any additional costs when sourcing valves from the Valve Division.
However, since the minimum transfer price of $15 is greater than the maximum transfer price of $14, there is no acceptable range for the transfer price between the two divisions in this scenario.

To know more about Customer

https://brainly.com/question/13735743

#SPJ11

The acceptable range for the transfer price between the Valve Division and the Pump Division would be between $14 and $20 per valve.

The  acceptable range for the transfer price between the two divisions is between $14 and $20 per valve. This is because the variable cost per unit for the Valve Division is $5 and the selling price to outside customers on the intermediate market is $15. Therefore, the minimum transfer price should be equal to the variable cost per unit plus the opportunity cost of selling to an outside customer, which is $5 + $15 = $20 per valve.

However, since the Pump Division is currently purchasing valves from an overseas supplier at a cost of $14 per valve, the maximum transfer price should not exceed $14 per valve to make the transfer economically justifiable. Therefore, the acceptable range for the transfer price is between $14 and $20 per valve.

To know more about transfer price.

visit:

https://brainly.com/question/16449894

#SPJ11

Primary sources: Consider cost, benefit; Secondary sources: Reliable, sufficient data.

I would recommend considering both options carefully before making a decision.

If you choose not to use any primary sources, you may miss out on valuable insights that could be gained from conducting original research. However, if the secondary sources you have chosen are reliable and provide sufficient data to answer your research questions, this could be a cost-effective and time-efficient approach.

If you choose to use the research department to gather primary data, you will need to carefully consider the research methods and the types of data you want to collect. Conducting surveys can be a useful way to gather attitudinal data, but it can also be expensive and time-consuming. You will need to ensure that the survey questions are well-designed and that the sample size is appropriate for the research objectives.

In summary, the decision to use primary sources depends on the research objectives, the available budget, and the time constraints. If you have the resources to conduct primary research, it can provide valuable insights that are not available from secondary sources alone. However, if you are confident in the reliability of your chosen secondary sources and have limited resources, not using primary sources may be the best option.

Learn more about Primary or secondary sources

brainly.com/question/19203758

#SPJ11

When it comes to the decision point of whether to use primary sources in market research, it is important to consider the specific research problem and objectives at hand. While primary sources can provide valuable insights, they can also be quite expensive. If the secondary sources chosen are deemed sufficient for gathering the necessary data, then it may be best to forgo the use of primary sources. However, if there are specific questions that require more targeted research, using the research department to gather attitudinal data through surveys can be a worthwhile investment. Another option is to have the research department examine published surveys in relevant journals such as Esports Journal and The Esports Observer. Ultimately, the decision to use primary sources will depend on the specific needs and constraints of the research project.

Journals are periodic publications in academic publications which are generally in the form of the latest research reports with the aim of advancing science. A scientific journal is a form of media for publishing scientific papers.

Learn More About Journal at https://brainly.com/question/28390337

#SPJ11

The statement "most managers would choose to record an obligation as long-term rather than current" is true.

The main reasons behind this preference are related to the financial presentation, liquidity, and stability of the company.

Recording an obligation as long-term instead of current can lead to a better financial presentation. By classifying a liability as long-term, it appears that the company has more time to fulfill its financial obligations, which can be perceived positively by investors, creditors, and other stakeholders.

Furthermore, classifying an obligation as long-term can help improve a company's liquidity ratios, such as the current ratio (current assets divided by current liabilities). A higher current ratio is generally seen as an indicator of a company's ability to meet its short-term obligations. By reducing current liabilities and increasing long-term liabilities, a manager can present a stronger liquidity position to stakeholders.

Lastly, long-term liabilities can contribute to a sense of stability for the company, as it indicates that the organization has more time to generate funds and repay its obligations. This can lead to increased confidence from investors, customers, and other stakeholders, as well as provide more opportunities for the company to access additional financing options in the future.

However, it is essential to remember that managers must follow accounting standards and regulations when determining whether to classify a liability as long-term or current. Any attempt to manipulate financial statements can lead to severe consequences for both the company and the manager.

To learn more about financial presentation refer here:

https://brainly.com/question/28170712

#SPJ11

The answer is a) external secondary data. The U.S. Census Bureau collects and provides a vast amount of information on demographics, economics, and social trends in the United States.

This information is widely used by various agencies and organizations, such as market research firms, non-profit organizations, and government agencies, as external secondary data. This data is collected by a third party and used by the organization to gain insights into their target market, customer base, or specific population they are interested in. External secondary data is valuable because it is often more cost-effective than conducting primary research, which can be time-consuming and expensive. Additionally, the U.S. Census Bureau data is reliable and has been collected over many years, making it a valuable resource for trend analysis and benchmarking. Overall, the U.S. Census Bureau data is an essential source of external secondary data for many organizations, helping them make informed decisions and plan strategies based on accurate and comprehensive information about the United States population.

Learn more about data here:-

https://brainly.com/question/10980404

#SPJ11

(1). The interest on a $15,000 loan at 8% for one year is $1,200. The repayment amount is $16,200.  (2). A $5,000 loan at 6% for 3 months incurs $75 in interest. The amount repaid is $5,075.  (3). Jeanne saves $1,000 in interest by purchasing supplies without interest. (4). RJ charges $166.67 in interest on a $40,000 balance. (5). RJ loses $166.67 in interest by agreeing to a no-interest repayment after three months.

1. To calculate the interest on the loan, we use the formula: P x R x T = Interest.

  P = $15,000 (amount borrowed)

  R = 8% (interest rate)

  T = 1 year

  Interest = $15,000 x 8% x 1 = $1,200

  The interest on the loan is $1,200.

  To calculate the repayment amount:

  Repayment Amount = Amount borrowed + Interest = $15,000 + $1,200 = $16,200

  The repayment amount is $16,200.

2. Using the same formula: P x R x T = Interest.

  P = $5,000 (amount borrowed)

  R = 6% (interest rate)

  T = 3/12 years (3 months)

  Interest = $5,000 x 6% x (3/12) = $75

  The interest charge is $75.

  The amount to be repaid:

  Amount Repaid = Amount borrowed + Interest = $5,000 + $75 = $5,075

  The amount that is repaid is $5,075.

3. Since there is no interest charged by the supplier, Jeanne will save the full interest amount that she would have paid if she had used her business credit line. To calculate the interest saved:

  P x R x T = Interest

  P = $20,000 (amount borrowed)

  R = 10% (interest rate)

  T = 6/12 years (6 months)

  Interest Saved = $20,000 x 10% x (6/12) = $1,000

  Jeanne will save $1,000 in interest.

4. After one month, $10,000 is paid, leaving a balance of $40,000. Interest is charged on this balance at a rate of 5% annually.

  Interest Charged = $40,000 x 5% x (1/12) = $166.67

  RJ Industries charges $166.67 in interest.

5. In the normal policy, if the customer repaid after two months, they would have paid the $50,000 plus the interest charged on the remaining balance ($40,000). However, with the special agreement, RJ loses the interest it would have earned for the extra month.

  Interest Lost = $40,000 x 5% x (1/12) = $166.67

  RJ loses $166.67 in interest compared to its normal policy.

To learn more about interest refer here:

https://brainly.com/question/30393144#

#SPJ11

The high-low technique, the total estimated production cost for 12,200 machine hours in January is $9,627.50. The term "production costs" refers to the entire cost of creating goods or services, which takes into account.

All costs spent throughout the manufacturing process, including those for labour, raw materials, utilities, and overhead. It is the price a business pays to make or construct a good, and it covers all costs from the beginning of production to the finished good, including the price of any materials utilised in the manufacturing process.

we can determine the variable cost per machine hour using the formula below:

The overall expense for 1220 machine hours is 3692.

Calculate the cost of various utilities per machine hour.

Cost change for variable utilities divided by the number of machine hours equals 4076-3388/1460-1030.

The cost of variable utilities per machine hour is $1.6.

Total cost minus variable cost equals 3388 minus (1030*1.6).

Cost fixed = 1740 Cost overall for 1220 There will be 3692 machine hours (1220*1.6+1740).

(Highest production cost - Lowest production cost) /

(Highest machine hours - Lowest machine hours) is the variable cost per machine hour.

($12,080 - $9,580)

(15,500 - 11,500) is the variable cost per machine hour. $2.125 is the variable cost per machine hour.

To know more about Costs visit:

https://brainly.com/question/31379650

#SPJ4

In this flexible budget performance report, all variances are labeled "U" for unfavorable since the actual costs exceeded the flexible budget costs.

1. The company's president may be uneasy about the cost reports for the following reasons:

- Cost reports are ineffective since budgeted costs at one level of activity are compared to actual costs at another level of activity.

2. To give better insight into how well departmental supervisors are controlling costs, Flexible Budget Performance Reports should be used.

3. Based on the Flexible Budget Performance approach, a performance report for the quarter is as follows:

Assembly Department Cost Report For the Month Ended March 31

Actual Results | Flexible Budget | Variances
----------------|----------------|----------
Machine-hours: 15,000 | 15,000 | None
Variable costs:
Supplies: $9,000 | $7,200 | $1,800 U
Scrap: $30,800 | $24,750 | $6,050 U
Indirect materials: $90,200 | $79,875 | $10,325 U
Fixed costs:
Wages and salaries: $76,300 | $72,000 | $4,300 U
Equipment depreciation: $102,000 | $102,000 | None
Total cost: $308,300 | $285,825 | $22,475 U

Learn more about Budget : https://brainly.com/question/13964173  

#SPJ11

John Maynard Keynes argued in his 1936 work, "The General Theory of Employment, Interest, and Money," that the government should have some involvement in business. This idea was a departure from the classical economic theories of his time, which emphasized minimal government intervention in markets.

Keynes believed that the government had a role to play in stabilizing the economy, particularly during periods of recession or depression. He argued that government spending could stimulate demand and reduce unemployment, thereby promoting economic growth. This perspective, known as Keynesian economics, became influential in the mid-20th century and played a significant role in shaping modern economic policy.

While Keynes did not advocate for total government control of businesses, as in the cases of Karl Marx and Josef Stalin, his ideas stood in contrast to Adam Smith's laissez-faire approach, which emphasized the benefits of free markets and minimal government intervention. Overall, Keynes' "General Theory" introduced a new perspective on the government's role in the economy and has continued to impact economic policy debates to this day.

Learn more about Employment here:-

https://brainly.com/question/1361941

#SPJ11

To calculate the Estimate at Completion (EAC), we need to use the following formula: EAC = AC + (ETC / CPI), where CPI stands for Cost Performance Index.

First, we need to calculate the CPI. The CPI can be calculated using the formula:
CPI = EV / AC, where EV is the Earned Value.

In this case, the EV is not provided. However, we can use the given PV (Planned Value) as an approximation of the EV. This would give us:
CPI = 25,000 / 40,000 = 0.625

Now we can calculate the EAC:

EAC = AC + (ETC / CPI) = 40,000 + (220,000 / 0.625) ≈ 40,000 + 352,000 = 392,000

The EAC of 392,000 tells us that, based on the current cost performance, the project is estimated to cost 392,000 upon completion. This is higher than the initial estimate of 220,000, indicating that the project is likely to overrun its budget.

To learn more about “cost” refer to the https://brainly.com/question/28481161

#SPJ11

The two biggest factors that distinguish one competitive strategy from another are whether a company's overall costs are lower than its competitors' and whether the company can achieve strong product differentiation. The correct option is a.

Companies can achieve a competitive advantage by either offering the lowest possible prices or by differentiating their products or services from those of their competitors. When a company can produce goods or services at a lower cost than its competitors, it can pass those savings on to its customers and offer lower prices, thus gaining a cost advantage.

Alternatively, companies can differentiate their products or services by offering unique features, high quality, superior customer service, or by building a strong brand name and image that buyers trust. A company can also achieve a competitive advantage by focusing on a narrow target market or pursuing a low-cost or differentiation strategy.

Ultimately, the key to achieving a sustainable competitive advantage is to continuously improve and innovate, to stay ahead of the competition. The correct option is a. whether a company's overall costs are lower than a competitors' and whether the company can achieve strong product differentiation.

For more about competitive strategy:

https://brainly.com/question/30364295

#SPJ11

Financial accounting information is reported periodically, normally at year-end. This type of accounting focuses on providing accurate and relevant financial information to external users such as investors, creditors, and regulators.  

The periodic reporting of financial accounting information typically involves the preparation of financial statements, which include the balance sheet, income statement, and cash flow statement. These statements are prepared in accordance with established accounting principles and standards, such as the Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS).

Year-end reporting is the most common reporting period for financial accounting information, as it provides a comprehensive view of the company's financial activities over a full fiscal year. This allows stakeholders to assess the overall performance of the business, make informed decisions, and compare the company's performance to that of its competitors.

In addition to year-end reports, some companies may also choose to provide interim financial reports on a quarterly basis to keep stakeholders informed about the company's financial position and performance throughout the year.

While financial accounting information is reported periodically, managerial accounting, on the other hand, delivers information on a continuous basis to help internal users, such as managers, make day-to-day operational decisions and plan for the future.

In summary, financial accounting information is reported periodically, normally at year-end, and provides valuable insights into a company's financial performance and position for external users. This information aids in decision-making and enables stakeholders to evaluate the company's financial health.

Learn more about Financial accounting here:

https://brainly.com/question/16550059

#SPJ11

The correct answer is option (C): 10.0% and $1.68. This indicates that the company has an operating profit margin of 10.0% and an EPS of $1.68 per share for Year 12.

The operating profit margin is calculated by dividing the operating profit by net revenues from footwear sales. In this case, the operating profit margin would be:

Operating Profit Margin = Operating Profit / Net Revenues from Footwear Sales = $60,000 / $600,000 = 10.0%

To calculate the earnings per share (EPS), we need to divide the net profit by the number of shares outstanding. In this case, the EPS would be:

EPS = Net Profit / Number of Shares Outstanding = $33,600 / 20,000,000 = $0.00168 per share

To convert this to dollars per share, we need to multiply by 100:

EPS = $0.00168 x 100 = $0.168 per share

In this case, the company has an EPS of $1.68, which means that for every share of common stock outstanding, the company has a profit of $1.68 after deducting all expenses and taxes. This is a relatively low EPS, which could be a concern for investors and stakeholders. However, it's worth noting that the EPS can be influenced by a variety of factors, such as the number of shares outstanding, the company's dividend policy, and the overall performance of the stock market. Therefore, it's important to consider the EPS in the context of other financial metrics and market conditions.

Learn more about operating profit margin here:

https://brainly.com/question/13538567

#SPJ11

Based on the information provided, Shane Printing's labor contract supports an "open shop." In an open shop, employees are not required to join the union or pay union dues as a condition of employment.

An open shop is a workplace where employees are not required to join a union as a condition of employment contract . In an open shop, workers have the right to choose whether or not they want to join a union and pay union dues. This is in contrast to a closed shop, where union membership and dues payment are mandatory for all employees, regardless of their personal preferences.

In an open shop, unions still have the ability to represent workers in collective bargaining negotiations and provide other benefits, but they must do so on a voluntary basis. Open shops are often seen as a way to promote individual freedom and choice, while allowing unions to compete for members based on the quality of their services.

Learn more about contract here:

https://brainly.com/question/13575977

#SPJ11