If one wants to determine the selling price of a product using the total cost method, the management should use Total product costs plus a markup.
What is total cost method?When using the total cost method, the company takes into account the full cost of producing the good in question. This includes total product cost only.
A markup is then added to the total cost to find a suitable selling price that allows for a projected level of profit.
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3. Once you turn 18, you should regularly check your credit report...
For errors or signs of identity fraud
To keep an eye on your credit score
To make a plan for improving your credit score
Only if you have a credit card
Answer:
A - For errors or signs of identity fraud
Explanation:
That is the correct answer, good luck, and have a good day.
PLEASE ANSWER QUICKLY
The operating system cannot communicate with a printer. What is a solution?
(A) - Run a antimalware program
(B) - Update the printer device driver
(C) - Run the task manager utility
(D) - Delete temporary files
Answer:
B: Update the printer device router
Explanation:
What is meant by accounting
Answer:
accounting is a process of analysis and summarising business and financial transactions and verifying the reporting the results...
follow me
Ryan is a sales coordinator with a big bookstore that has outlets in several cities. He plans to start an e-publishing service that would enable networking among authors and readers. Which type of e-publishing would be appropriate for Ryan’s project?
Explanation:
sorry this version please
a.
Which is the best way of getting feedback from a performance review?
Take good notes
b. Ask good questions
Arrive unprepared
d. Discuss the review with friends
c.
Please select the best answer from the choices provided
A
ОВ
Ο C
OD
Answer:
take good notes and ask good questions
Explanation:
why because taking good notes help you go through back again, ask good questions keeps it in ur mind....Answer:
a.
Take good notes
Explanation:
If a company spends $20 million to install new footwear-making equipment with capacity to produce 1 million pairs of athletic footwear at its North American production facility, then its annual depreciation costs at that facility will rise by: _________
Assuming the equipment has capacity to produce 1 million pairs of athletic. Its annual depreciation costs at that facility will rise by $2 million or 10%.
Annual depreciation costUsing this formula
Depreciation = (Cost of equipment - Estimated salvage value) / Estimated useful life
Depreciation= (20 - 0) / 10
Depreciation= $2 million
Or
Annual depreciation= 2/20 ×100
Annual depreciation= 10%
Therefore, the annual depreciation costs at that facility will rise by $2 million or 10%.
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HURRY
Why can it be more expensive for clients to host a catered event at their home than at a hotel or restaurant?
It would be more expensive to host the event in their home than at the hotel due to the cost of the rental properties.
What are the rental properties needed for a home event?These would be for properties such as chairs, tables, china, linens and glass ware.
While hosting in a hotel, these properties would be provided by the event centre.
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The following data relate to the operations of Shilow Company, a wholesale distributor of consumer goods: Current assets as of March 31: Cash $ 8,800 Accounts receivable $ 25,200 Inventory $ 47,400 Building and equipment, net $ 114,000 Accounts payable $ 28,425 Common stock $ 150,000 Retained earnings $ 16,975 The gross margin is 25% of sales. Actual and budgeted sales data: March (actual) $ 63,000 April $ 79,000 May $ 84,000 June $ 109,000 July $ 60,000 Sales are 60% for cash and 40% on credit. Credit sales are collected in the month following sale. The accounts receivable at March 31 are a result of March credit sales. Each month’s ending inventory should equal 80% of the following month’s budgeted cost of goods sold. One-half of a month’s inventory purchases is paid for in the month of purchase; the other half is paid for in the following month. The accounts payable at March 31 are the result of March purchases of inventory. Monthly expenses are as follows: commissions, 12% of sales; rent, $3,600 per month; other expenses (excluding depreciation), 6% of sales. Assume that these expenses are paid monthly. Depreciation is $855 per month (includes depreciation on new assets). Equipment costing $2,800 will be purchased for cash in April. Management would like to maintain a minimum cash balance of at least $4,000 at the end of each month. The company has an agreement with a local bank that allows the company to borrow in increments of $1,000 at the beginning of each month, up to a total loan balance of $20,000. The interest rate on these loans is 1% per month and for simplicity we will assume that interest is not compounded. The company would, as far as it is able, repay the loan plus accumulated interest at the end of the quarter. Required: Using the preceding data: 1. Complete the schedule of expected cash collections. 2. Complete the merchandise purchases budget and the schedule of expected cash disbursements for merchandise purchases. 3. Complete the cash budget. 4. Prepare an absorption costing i
1. The computation of the schedule of expected cash collections for Shilow Company is as follows:
Schedule of Expected Cash CollectionsApril May June Total
Sales $79,000 $84,000 $60,000 $223,000
Cash Sales $47,400 $50,400 $65,400 $163,200
40% credit sales 25,200 31,600 33,600 90,400
Total cash collections $72,600 $82,000 $99,000 $253,600
2. The completion of the merchandise purchases budget and the schedule of expected cash disbursements for merchandise purchases for Shilow Company are as follows:
Merchandise Purchases BudgetApril May June Total
Sales $79,000 $84,000 $109,000 $223,000
Cost of goods sold (75%) 59,250 63,000 81,750 204,000
Ending inventory 50,400 65,400 36,000 36,000
Goods available for sale $109,650 $125,400 $117,750
Beginning inventory 47,400 50,400 65,400 47,400
Purchases $62,250 $75,000 $52,350 $189,600
Schedule of Expected Cash Disbursements for Merchandise Purchases:April May June Total
Purchases $62,250 $75,000 $52,350 $189,600
50% month of purchase $31,125 $37,500 $26,175 $94,800
50% ffg month 28,425 31,125 37,500 97,050
Total cash payments $59,550 $68,625 $63,675 $191,850
3. The completion of the cash budget for Shilow Company is as follows:
April May June
Beginning cash balance $8,800 $4,030 $4,285
Total cash receipts 72,600 82,000 99,000
Loan 8,000 2,000
Total cash available $80,600 $88,030 $103,285
Total cash payments:
Purchases disbursements $59,550 $68,625 $63,675
Sales commission 9,480 10,080 13,080
Other expenses 4,740 5,040 6,540
Equipment 2,800
Total cash payments $76,570 $83,745 $83,295
Loan repayment with interest 10,180
Cash balance $4,030 $4,285 $9,810
Minimum cash balance $4,000 $4,000 $4,000
4. The preparation of the absorption costing income statement for Shilow Company is as follows:
Absorption Costing Income StatementApril May June
Sales $79,000 $84,000 $109,000
Cost of goods sold (75%) 59,250 63,000 81,750
Gross margin $19,750 $21,000 $27,250
Expenses:
Sales commission $9,480 $10,080 $13,080
Other expenses 4,740 5,040 6,540
Interest on loan 180
Depreciation 855 855 855
Total expenses $15,075 $15,975 $20,655
Net Income $4,675 $5,025 $6,595
Data and Calculations:Current assets as of March 31:
Cash $ 8,800
Accounts receivable $ 25,200
Inventory $ 47,400
Building and equipment, net $ 114,000
Accounts payable $ 28,425
Common stock $ 150,000
Retained earnings $ 16,975
Sales data Actual Budgeted Cash Credit
March (actual) $ 63,000 $37,800 $25,200
April $ 79,000 $47,400 $31,600
May $ 84,000 50,400 33,600
June $ 109,000 65,400 43,600
July $ 60,000 36,000 24,000
Sales:
60% cash
40% credit
Credit sales are collected in the month following the sale.
Interest on Loan = $180 ($8,000 x 1% + $10,000 x 1%)
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Emily works for a small company, where she is the only employee who
handles payroll. What is the best option for the company to ensure that Emily
does not commit payroll fraud?
A. The company should have a different employee handle payroll.
B. The company should conduct an extensive background check.
C. The company should make sure that Emily's office and computer
are monitored.
D. The company should have an outside source review the payroll.
The best option for the company to ensure that Emily does not commit payroll fraud is that the company should have an outside source review the payroll.
What is a payroll fraud?This type of fraud is related to theft of cash from a business via the payroll processing system.
Hence, having an outside source review the payroll to crosscheck the payroll before any payment is made.
Therefore, the Option C is correct.
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2. If the CPI is 100 in 2004 and 103 in 2005, then what is the inflation rate?
The inflation rate of the country given the CPI IN 2004 and 2005 is 3%.
What is the inflation rate?
Inflation rate is when there is a persistent rise in the general price levels of a country. The consumer price index is used to measure the price level of a basket of goods.
Inflation rate = (CPI in 2005 / CPI in 2004)
(103 / 100 )= 0.03 = 3%
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Cattle breeds in Philippines
Answer:
Four breed types have been recognized, the Ilocos in northwestern Luzon, Batangas in southwestern Luzon, Iloilo on Panay island, and Batanes Black on the Batanes Islands between Luzon and Taiwan.
Using the services of an accountant but the company has not received an invoice by the balance sheet date is an example of a/an _______________.
a. prepaid expense
b. accrued revenue
c. unearned revenue
d. accrued expense
Which of the following actions could be a source of cross-contamination?
Sanitizing a surface when switching from raw to ready-to-eat foods
Wiping your hands on a dirty apron between handling different foods
• • •
Using a separate slicer for cheese and meats
Washing your hands after preparing a raw food item
The action that could be a source of cross-contamination is Wiping your hands on a dirty apron between handling different foods.
What is Cross-contamination?Cross-contamination serves as the physical transfer of harmful bacteria from one person to another.
If we can prevent cross-contamination then we can prevent foodborne illness.
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In the context of planning, if there is alternative generation, evaluation, and selection steps which reveal several different future scenarios, a different __________ plan is attached to each scenario.
In the context of planning, if there is alternative generation, evaluation, and selection steps which reveal several future scenarios, a different contingency plan is attached to each scenario. Thus, option (c) is correct.
A contingency plan might concentrate on a single aspect of a company's operations. All general support systems must have a contingency plan that includes an emergency response strategy, a backup operations plan, and a post-disaster recovery plan.
The many future scenarios employed in contextual recovery are just alternative strategies. This identifies the sort of plan that is concerned with business strategies and has an impact on the company's objectives.
As a result, the significance of the planning as the alternative generation, evaluation, and selection steps are the aforementioned. Therefore, option (c) is correct.
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Your question is incomplete, but most probably the full question was.
In the context of planning, if there is alternative generation, evaluation, and selection steps which reveal many future scenarios, a different __________ plan is attached to each scenario.
EvaluationAlternativeContingencySelectionDecisionIn a civil case, the first document filed is a(n)
A. Interrogatory
B. Complaint
C. Deposition
D. Answer
Answer:
A.Interrogatory
Explanation:I hope help you
Ely Roofing Contractors enters into a lease for the use of new equipment. The term of the lease is three years. The annual lease amount is $6,000. The present value of the lease payments is $50,000. Ely Roofing estimates the economic life of the equipment to be five years. The lease is considered a finance lease. The journal entry to record the initial transaction will include a
The journal entry to record the initial transaction (Right of Use Asset and Lease Liability of $50,000) for Ely Roofing Contractors, who enters into a lease for the use of new equipment for 3 years at an annual lease payment of $6,000 is as follows:
Journal Entry:Debit Right of Use Asset $50,000
Credit Lease Liability $50,000
To record the initial transaction of the Lease Liability and the Right of Use Asset.How to record the initial lease transactions?The present value of annual lease payments is first computed.
With this figure, the recording of the asset and liability is completed by debiting the Right of Use Asset and crediting the Lease Liability account.
Data and Calculations:Annual lease payment = $6,000
Present value of lease payments = $50,000
Economic life of the equipment = 5 years
Lease term = 3 years
Nature of lease = finance lease
Initial Transaction Analysis:Right of Use Asset $50,000 Lease Liability $50,000
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Explain why it is important that prices are flexible. Analyze if you were a manager of a store and how would you deal with a surplus and a shortage. Explain how the law of demand relates to a recent purchase that you have had to make.
Answer:
Price Flexibility is one of the most important practices in our economy to maintain the law of demand and supply. It is also very helpful in the price.
Explanation:
Camile owns Crunch Code, a company that provides quick programming solutions. Clients send Crunch projects via their web page and Crunch bangs out the needed code as quickly as possible. Camile has five programmers who do all of the coding. On average, a project arrives once every 4.1 hours, with a standard deviation of 4.2 hours. Each project is assigned to one programmer and that programmer takes on average 18.6 hours to complete each project with a standard deviation of 18.6 hours.
Required:
How many uncompleted projects does Crunch Code have in the system on average at any given time?
The average number of uncompleted projects at any given time is equal to 11.955.
Given the following data:
Number of programmers, m = 5.Interarrival time, a = 4.1 hours.Standard deviation of interarrival time = 4.2 hours.Processing time, p = 18.6 hours.Standard deviation of processing time = 18.6 hours.How to calculate the average number of uncompleted projects.First of all, we would determine the squared coefficient of variation (SCV) of both the interarrival time and processing time as follows;
For interarrival time:
[tex]SCV = (\frac{\alpha _a}{a} )^2\\\\SCV = (\frac{4.2}{4.1} )^2\\\\SCV = (1.024 )^2\\\\[/tex]
SCV = 1.05.
For processing time:
[tex]SCV = (\frac{18.6}{18.6} )^2\\\\SCV = (1.0 )^2\\\\[/tex]
SCV = 1.0.
For utilization:
[tex]U=\frac{p}{ma} \\\\U=\frac{18.6}{5 \times 4.1}[/tex]
U = 0.907.
Next, we would determine the average number of projects that are waiting for a programmer by using this formula:
[tex]T_q=\frac{p}{m} \times \frac{u^{\sqrt{(2(m+1))-1}} }{1-u} \times\frac{C_a^2 + C_p^2}{2} \\\\T_q=\frac{18.6}{5} \times \frac{0.907^{\sqrt{(2(5+1))-1}} }{1-0.907} \times \frac{1.05^2 +1.0^2}{2} \\\\T_q=3.72 \times 7.7785\times 1.05125\\\\T_q=30.42[/tex]
The number of projects that are being programmed is given by:
[tex]I_p =mu\\\\I_p=5 \times 0.907\\\\I_p=4.535[/tex]
The number of customers that are waiting to be serviced is given by:
[tex]I_q=\frac{T_q}{a} \\\\I_q=\frac{30.42}{4.1} \\\\I_q=7.42[/tex]
Now, we can determine the average number of uncompleted projects at any given time as follows:
[tex]I=I_q+I_p\\\\I=7.42+4.535[/tex]
I = 11.955.
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A manufacturing company has budgeted direct labor hours of 600 at a variable overhead rate per direct labor hour of $20. The budgeted fixed cost is $500 per month. The total budgeted overhead cost will be $: ____________
Based on the labor hours and the overhead rate as well as the fixed cost, the total budgeted overhead cost will be $12,500.
What is the budgeted overhead cost?This can be found as:
= (Variable cost per labor hour x Number of labor hours) + Fixed overhead cost
Solving gives:
= (20 x 600) + 500
= 12,000 + 500
= $12,500
In conclusion, the total overhead cost that would be budgeted is $12,500.
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Blossom Diesel owns the Fredonia Barber Shop. He employs 7 barbers and pays each a base rate of $1,470 per month. One of the barbers serves as the manager and receives an extra $530 per month. In addition to the base rate, each barber also receives a commission of $5.50 per haircut.
Other costs are as follows.
Advertising $310 per month
Rent $930 per month
Barber supplies $0.30 per haircut
Utilities $175 per month plus $0.20 per haircut
Magazines $20 per month
Blossom currently charges $11.00 per haircut.
(a)
Determine the variable costs per haircut and the total monthly fixed costs. (Round variable costs to 2 decimal places, e.g. 2.25.)
Total variable cost per haircut
$enter the Total variable cost per haircut in dollars rounded to 2 decimal places
6
Total fixed $enter the total fixed costs in dollars rounded to 2 decimal places
12255
(b)
Compute the break-even point in units and dollars.
Break-even point
enter the break-even point in units 2,451 haircuts
Break even sales $enter the break-even point in dollars
26,961
(d)
Determine net income, assuming 2,880 haircuts are given in a month.
Net income / (Loss)
$enter net income in dollars
a) The determination of the variable costs per haircut and the total monthly fixed costs for Fredonia Barber Shop are as follows:
1) Variable Costs per haircut:Commission per barber per haircut = $5.50
Barber supplies per haircut = $0.30
Utilities per haircut = $0.20
Total variable costs per haircut = $6.00
2) Fixed costs per month:Salaryiesof barbers (6 x $1,470) = $8,820
Supervisor's salary = $2,000
Advertising per month = $310
Rent per month = $930
Utilities per month = $175
Magazines per month = $20
Total fixed costs per month = $12,255
b) The computation of the break-even point in units and dollars for Fredonia Barber Shop is as follows:
1) Break-even point in units is 2,451 units ($12,255/$5)
= Fixed costs/Contribution margin per unit
Contribution margin per unit = $5 ($11 - $6)
2) Break-even point in dollars is $26,964 ($12,255/45.45%)
= Fixed costs/Contribution margin ratio
Contribution margin ratiio = 45.45% ($5/$11 x 100)
c) The net income when 2,880 haircuts are given in a month is $2,145.
Fredonia Barber Shop
Income StatementFor the month
Sales Revenue (2,880 x $11) $31,680
Variable costs (2,880 x $6) 17,280
Contribution margin = $14,400
Fixed costs 12,255
Net income = $2,145
Data and Calculations:Number of barbers employed = 7
Base rate per barber per month = $1,470
Mnager's salary per month = $2,000 ($1,470 + $530)
Commission per barber per haircut = $5.50
Other costs:
Advertising per month = $310
Rent per month = $930
Barber supplies per haircut = $0.30
Utilities per month = $175 plus $0.20 per haircut
Magazines per month = $20
Price charged per haircut = $11.00
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Consider the following two situations: (1) you buy a Porsche produced in Germany, (2) you buy a Volkswagen produced in the U.S. Which of the following statements is true? Note: multiple answers are allowed. a. The action in situation (1) has a direct effect on net exports b. The action in situation (2) has a direct effect on net exports c. The action in situation (1) has a direct effect on net capital income d. The action in situation (2) has a direct effect on net capital income
The purchase of a Porsche produced in Germany has a direct effect on net exports
What is net export?
Net exports is total export less import. Import is when a good or service is brought into a country from a foreign country. Import reduces the value of the net exports. Export is when a good produced in a country is sold in a foreign country.
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What change will cause a movement along the supply curve?
[tex]\huge\sf\green{Answer \red{✓}}[/tex]
Movement along the supply curve will occur when the price of the good changes and the quantity supplied changes by the original supply relationship.
______________Answer:
When the price of the good changes and the amount supplied varies as a result of the original supply relationship, a movement along the supply curve occurs. To put it another way, a movement happens when a change in quantity supplied is solely due to a price change, and vice versa.
Supply-side economics attempts to stimulate output and lower unemployment by
A).reducing taxes to stimulate investment and consumer spending.
B.)increasing government spending on public works projects.
C.)increasing government spending during times of high employment
D.)providing social programs as a safety net for the unemployed.
Supply-side economics attempts to stimulate output and lower unemployment by reducing taxes to stimulate investment and consumer spending.
What is supply-side economics?Supply-side economics is a economics theory that focuses on the supply of labour and goods. It postulates that taxes and benefits can be used as incentives to stimulate the economy.
Supply-side economics was introduced by Arthur Laffer and implemented by Pres. Ronald Reagan in the 1980s.
level strategy withing the business
Answer:
examine how firms complete in a given industry
If a firm sells a prestige product, what kind of relationship between price and quantity demanded should it expect?.
For a firm that sells a prestige product, the relationship between price and quantity demanded is a positive direct relationship.
Why is the relationship between demand and price of prestige products direct?The relationship between the demand and price of prestige products is direct because prestige products tend to sell better at high prices than at low prices.
And when the quantity demanded increases, the price tends to increase.
An example of a prestige product is an old car.
Thus, for a firm that sells a prestige product, the relationship between price and quantity demanded is a positive direct relationship.
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QUESTION 2
The communication process is very important for achieving effective business communication.
State and elaborate the TWO (2) components of non-verbal communication and discuss THREE
(3) elements in the communication process from the sender's perspective with relevant examples.
Answer:
lagay mo QUESTION 4 po yan
Which source of credit is most likely to result in the greatest loss if you
default on payments?
A. Title lender
B. Payday lender
C. Bank or credit union
D. Credit card company
The defaulting on a payday loan is the source of credit that is most likely to result in the greatest loss if one defaults on payments.
What is payday loan?A payday loan refers to a short-term borrowing whereby a lender will extend high-interest credit based on your income.
The reason that payday loan is most likely to result in the greatest loss is because of the option of extending the high-interest credit.
Therefore, the Option B is correct.
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Answer:
The correct answer is A. Title Lender
inappropriate parenting styles
Answer:
im sorry im confused i cant help until you tell me what your trying to ask
Explanation:
A manufacturing division has $1,800,000 in average assets and income of $720,000. The company's target rate is 8%. The division's residual income is $
576000
just divide the smallest number by the big number then you’ll get 576000
A manufacturing division has $1,800,000 in average assets and income of $720,000. The company's target rate is 8%. The division's residual income is $576,000. Thus, the accurate answer is $576,000.
What is residual income?
The income that is earned following the conclusion of manufacturing work is referred to as “residual income.” Royalties, interest and dividend income, rental and real estate revenue, and sales of consumer products are only a few examples of the residual income.
The formula of residual income are:
Residual Income = Net Operating Income (NOI) − (Minimum Required Return (MRR) × Cost of Operating Assets(COA)).
Net Operating Income = $720,000
Cost of Operating Assets = $1,800,000.
Minimum Required Return = 8%
RI = NOI—MRR × COA
RI = $720,000— $1,800,000 × 8%
RI = $720,000— $144,000
RI = $576,000.
Therefore, residual income is $576,000.
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An Indirect Air Carrier may offer cargo to an Airline if:
Answer:
the IAC carries out an approved TSA security program.
Explanation:
IAC needs an approved TSA security program to be able to offer cargo to an airline because, without TSA, terrorists could use cargo from indirect air carriers to smuggle their weapons.