Answer:
Accountability
Explanation:
From the question we are informed about instance, whereby During weekly conference calls, Zeke, a sales manager for a national chain of clothing stores, and the other managers in his district explain to their district manager the reasons for different decisions; they also explain why certain costs and sales were higher or lower than they were the previous week. In this case, Accountability is the explanation of their decisions and work results.
Accountability in domain of business can be regarded as a critical concept that enhances ethics of workers or managers. To be accountable can be regarded as standing by decisions as well as actions that is been made by a worker it manager as well as overall well-being of projects.
Alpha Company manufactures Product P and sells it in packs of 10 units. The actual results for the first week in January are as follows: Actual production 25,000 packs of Product P Actual cost of raw material Q 95,500 units at $0.85 Actual cost of labor 500 hours at $6.25 Standard quantity of raw material 96,000 units for 25,000 units of Product P Standard price of raw material Q $0.77 Calculate the total material variance for Product P for the first week in January
Answer:[tex]67500[/tex]
The right solution is "13,675 U".
Explanation:
According to the question,
The standard material cost will be:
= [tex]25000\times (\frac{90000}{30000} )\times 0.90[/tex]
= [tex]25000\times 30000\times 0.90[/tex]
= [tex]67,500[/tex]
The actual material cost will be:
= [tex]95500\times 0.85[/tex]
= [tex]81,175[/tex]
hence,
The total material price variance will be:
= [tex]Actual \ cost - Standard \ cost[/tex]
= [tex]81175-67500[/tex]
= $[tex]13,675[/tex] (Unfavorable)
1. If average fixed cost is 40 and average variable cost is 80 for a given output, we then know that average total cost is
Answer:
120
Explanation:
Average total cost = average fixed cost + average variable cost
average fixed cost = Total fixed cost / quantity
40 + 80 = 120
Fixed costs are costs that do not vary with output. e,g, rent, mortgage payments
average variable cost = total variable cost / quantity
Variable costs are costs that vary with production. Hourly wage costs and payments for production inputs are examples of variable costs
When consumers and businesses have greater confidence that they will be able to repay in the future, _______________________. Question 5 options: the quantity demanded of financial capital at any given interest rate will remain unchanged. the quantity demanded of financial capital at any given interest rate will shift to the left. the quantity demanded of financial capital at any given interest rate will shift to the right. the quantity demanded of financial capital at any given interest rate will achieve equilibrium.
When consumers and businesses have greater confidence that they will be able to repay in the future, the quantity demanded of financial capital at any given interest rate will shift to the right.
A business must decide whether to open a new office in China. If it opens the branch, it will increase its chances of selling a high volume of its products in China. On the other hand, the business will have to spend a lot of money to make the branch operational. What would be an opportunity cost for the business if it chooses to open the new branch in China? O A. The business would gain access to a large number of new customers. B. The business would have to spend more money on each item it produces C. The business would have less money to open branches in other countries. D. The business would be forced to relocate all its workers to China.
Answer:
C. The business would have less money to open branches in other countries.
Explanation:
In Economics, Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.
Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.
Furthermore, the value of the opportunities lost by an individual or a business is the opportunity cost of a choice.
Hence, the opportunity cost of a choice is the benefits that could be derived from another choice (alternatives) by using the same amount of resources.
In this scenario, an opportunity cost for the business if it chooses to open the new branch in China is that it would have less money to open branches in other countries because it has to spend a lot of money to make the branch operational.
Cardinal Company manufactures vitamin capsules. For the month of June, Cardinal's encapsulating department had 18,000 tons in beginning inventory (with transferred-in costs of $4,400) and 81,000 tons completed inventory during the month. Further, the mixing department completed and transferred out 72,000 tons at a cost of $22,300 in June. Calculate unit cost for the transferred-in category. (Note: Round answer to two decimal places.)
Answer: $0.30 per unit
Explanation:
The unit cost for the transferred-in category is calculated as:
= (Transfer cost of beginning inventory + transfer cost of transferred out inventory) / (Beginning inventory + Inventory transferred out)
= (4,400 + 22,300) / (18,000 + 72,000)
= 26,700 / 90,000
= 0.2967
= $0.30 per unit
15. Finding a place to live in Mumbai, India, has been getting harder these days for people who are not vegetarians. Vegetarianism is a centuries-old custom among the Indian population, but the requirement is becoming more obvious as non-vegs are being segregated from vegs. A real estate broker in Mumbai who will only rent or sell a home to a vegetarian as defined that group as its:
Answer: Target market
Explanation:
Target market could be defined as those group who a producer deem fit to use his or her product. When a producer makes an item, he has a group of people in mind that would buy because they need it, those group of people are the target market. Every producer considered this.
The real estate agent target market are vegetarian because he's renting the houses for what it was specified to be
Which type of banking system did the Federal Reserve Act of 1913 establish?
A. A system composed of twelve privately owned regional banks that were regulated by the Federal Reserve Board
B. A system composed of twelve small privately owned banks that were not subject to federal oversight
C. A system consisting of multiple state-owned banks that were subject to oversight by the State Reserve Board
D. A system consisting of a large national bank publicly run by the federal government
Answer:
A. A system composed of twelve privately owned regional banks that were regulated by the Federal Reserve Board
Explanation:
The Federal Reserve System ( popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by the U.S Congress on the 23rd of December, 1913. The Fed began operations in 1914 and just like all central banks, the Federal Reserve is a United States government agency.
Generally, it comprises of twelve (12) Federal Reserve Bank regionally across the United States of America.
Hence, the type of banking system that the Federal Reserve Act of 1913 establish is a system composed of twelve privately owned regional banks that were regulated by the Federal Reserve Board.
Like all central banks, the Federal Reserve is a government agency that is saddled with the following responsibilities;
I. The Fed controls the issuance of currency in United States of America: it promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets.
II. It provides banking services to all the commercial banks in the country because the Federal Reserve is the "lender of last resort."
III. It regulates banking activities in the United States of America: it has the power to supervise and regulate banks.
Also, the Fed is saddled with the responsibility of selling government securities such as treasury bills to the public.
Answer:
Each of twelve regional districts has a Federal Reserve Bank.
Explanation:
Products produced in a competitive market are
differentiated
unique
standardized and differentiated
standardized
Answer:
Standardized
Explanation:
Firms that are purely competitive provide a standardised (same or homogenous) product. Consumers will be unconcerned about whose vendor they acquire the goods from as long as the pricing is the same.
Monopolistically competitive companies make a typical profit in the long run since entrance into the market is easy. The sort of goods supplied distinguishes oligopoly from perfect competition.
explain the importance of office to an organisation
Answer:
Answer to the following question is as follows;
Explanation:
The office aids in the management of the operations of various employees and departments inside an organisation or corporation. Controlling guarantees that the different company operations are carried out with great precision. Remembering Facility: The office safeguards vital statistical information.
So, we say that offices are necessary for organisations.
In preparing its bank reconciliation for the month of April 2018, Crane, Inc. has available the following information. Balance per bank statement, 4/30/18 $78200 NSF check returned with 4/30/18 bank statement 950 Deposits in transit, 4/30/18 9600 Outstanding checks, 4/30/18 10300 Bank service charges for April 50 What should be the adjusted cash balance at April 30, 2018
Answer:
the adjusted cash balance is $77,500
Explanation:
The computation of the adjusted cash balance is shown below:
Adjusted cash balance = balance pler bank statement + deposit in transit - outstanding checks
= $78,200 + 9,600 - 10,300
= $77,500
Hence, the adjusted cash balance is $77,500
The same should be considered and relevant
12. One of the seven factors given to help minimize the chances of setting unfair wages and salaries is that a. If wages conform with the law, they are fair wages. b. A fair wage is whatever an employee is willing to accept. c. An employer's financial capabilities affect what constitutes a fair wage scale for that employer's employees. d. Avoiding the prevailing wage in the industry and community wage level.
Answer:
C. An employers financial capabilites affect what constitutes a fair wage scale for that employers employees
Explanation:
A country's current national savings and investment identity is expressed in algebraic terms as X-M = S + (G-T) - 1. In this instance:
A. there is an inflow of capital investment from the rest of the world economy.
B. there is no connection from domestic savings and investment to the trade balance.
C. the trade balance is determined by performance of certain sectors of the economy.
D. private and public domestic savings are higher than domestic investment.
Answer:
The answer is "Option A".
Explanation:
The present national reinvestment identity of a nation is expressed as [tex]X-M = S + (G-T) - 1.[/tex] In mathematical terms Inside this example, all remainder of the said world economy would be inflowing capital expenditures.
Capital investment from all around the world is coming in.
CurrentAccount and Investment Saving
[tex]C=consumption\\\\ I= investment\\\\ G=government\ spending\\\\ (X-M) = foreign \ net \ demand[/tex]
So, the [tex]CA = GNP (C+I+G)[/tex]
Domestic savings are greater than the corresponding investment, both private and public.
The rate of pay rises when capital investment exceeds anticipated saving in a given year. With a larger salary, more money can be saved, and so therefore planned saving equals intended investments. And from the other hand, when projected saving exceeds planned investments over a time, income levels decline.
So, Option "D" is the correct answer to the following question.
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Juan argued that bluegrass is the best food for cattle in the Midwest. Sammy objected by citing how the authorities at the U.S. Department of Agriculture recommended alfalfa over bluegrass for Midwestern cattle. If Juan counters this objection by arguing that the U.S. Department of Agriculture is a bloated bureaucracy with too much fat that deserves to be cut in the next federal budget bill, then Juan has
Answer:
committed the fallacy of avoiding the issue.
Explanation:
The fallacy of avoiding the issue is also called the fallacy of irelevant conclusion or a red herring.
It occurs when an individual avoids dealing with an issue that he has a problem with.
In the given scenario the issue is whether bluegrass is better than Alfa Alfa for cattle in the Midwest.
Instead of Juan to address the issue he is arguing that the U.S. Department of Agriculture is a bloated bureaucracy with too much fat that deserves to be cut in the next federal budget bill.
He is not addressing the main issue
During 20X5 Peterson Company experienced financial difficulties and is likely to default on a $500,000, 15%, three-year note dated January 1, 20X4, payable to Forest National Bank. On December 31, 20X5, the bank agreed to settle the note and unpaid interest of $75,000 for 20X5 for $50,000 cash and marketable securities having a current market value of $375,000. Peterson's acquisition cost of the securities is $385,000. Ignoring income taxes, what amount should Peterson report as a gain from the debt restructuring in its 20X5 income statement
Answer:
The amount that Peterson should report as a gain from the debt restructuring in its 20X5 income statement is $150,000.
Explanation:
This can be calculated as follows:
Details Amount ($)
Principal 500,000
Interest accrued 75,000
Net carrying amount 575,000
Settlement price:
Cash (50,000)
Current market value of marketable securities (375,000)
Gain from debt restructuring 150,000
Therefore, the amount that Peterson should report as a gain from the debt restructuring in its 20X5 income statement is $150,000.
Note: The gain calculated above is a gain before tax. The applicable tax rate to Peterson Company in its country of operation has to be used by it to determine its gain after tax.
Bardwell Manufacturing, Inc. began 15 years ago. The two co-owners now earn $300,000 per year each. Four supervisors earn $40,000 each annually and have been with the company for 10 to 11 years. Fifteen line employees earn a total of $300,000 and have been with the company from 2 months to 5 years. All employees are over age 21. The co-owners want to install a 15% money purchase plan and structure the plan in a way that maximizes their plan contributions. Which vesting schedule would be most appropriate for Bardwell
Answer:
3 year cliff
Explanation:
The most appropriate vesting schedule for Bardwell Manufacturing Inc is the 3 year cliff
Question Mode Multiple Select Question Select all that apply A cost accounting system: (Check all that apply.) Multiple select question. is used to control costs of manufacturing activities. provides general information used by investors. is used only with a perpetual inventory system. helps managers' determine selling prices.
Answer:
✓is used to control costs of manufacturing activities
✓helps managers determine selling prices
Explanation:
THIS IS THE COMPLETE QUESTION BELOW
A cost accounting system: (Check all that apply.) is used to control costs of manufacturing activities. is used only with a perpetual inventory system. provides general information used by investors. helps managers' determine selling prices
A cost accounting system can be regarded as product costing system, it can be explained as framework that is been used by firms in estimation of the cost of their products when carrying out inventory valuation as well as cost control and profitability analysis, inventory valuation.The two cost accounting systems are;
✓ the job order costing
✓ the process costing.
Job order costing system gives the accumulation of the costs that is been associated with particular batch of products.
Process costing helps in tracing as well as in accumulation of direct costs as well as allocation of indirect costs of a manufacturing process.
It should be noted that cost accounting system;
✓is used to control costs of manufacturing activities
✓helps managers determine selling prices
If the corporate human resource function in an organization is primarily concerned with selecting and training managers for foreign assignments, developing appropriate compensation packages for those managers, and handling adjustment issues when the manager is reassigned back home, it is evident that the organization has adopted the _____. a. ethnocentric staffing model b. polycentric staffing model c. regiocentric staffing model d. geocentric staffing model
Answer:
a. ethnocentric staffing model
Explanation:
In the case of the international staffing, the ethnocentric staffing means the strategy for the multinational company for hiring the management with respect to the important position from the parent headquarters instead of hiring the local staff
So as per the given situation, the option a is correct
And, the same should be relevant
outline two benefits to Mohammed's business of all his workers being able to do all of the jobs in the bakery. pls help!
Answer:
1. Saved time
2. Saved cost
Explanation:
If Mohammed owns a bakery where all his workers are able to do all the jobs, he benefits because he would;
1. Save time: Time that would have been spent in outsourcing the job to people who can do them with the accompanying risks of delays and disappointments are bypassed. Time is an essential factor in business because when goods are not available on customer's demand, they might have to seek other options.
2. Save cost: Mohammed will save the additional cost of payments to businesses that do other jobs for him. He saves money when he only has to pay three workers instead of four or more workers. This will mean more profit for his business.
Which behavior demonstrates teamwork?
A) Write a blog post about the value of teamwork.
B) Go out to lunch with coworkers.
C) Collaborate with coworkers to solve a technical problem.
D) Read a book about what one can learn from participating in team sports.
Answer:
c
Explanation:
collaborate with coworkers to solve a technical problem that's definitely teamwork
Collaborate with coworkers to solve a technical problem, behavior demonstrates teamwork. Therefore, option C is correct.
What is the technical problem ?Technical problems are unanticipated equipment issues, including hardware malfunctions or software defects, that make it difficult or impossible to carry out a desired operation.
Important disputes are resolved through collaboration, especially those that have an impact on relationships between groups. Integrating solutions, advancing perspectives, securing commitments, and learning more about the other parties and the conflict itself are the main collaborative actions.
Technical problems are equipment issues. The knowledge and skills required to carry out particular activities are known as technical skills. They are applicable and frequently have to do with mathematical, scientific, information technology, or mechanical jobs. Knowledge of design software, mechanical tools, or programming languages are a few examples.
Thus, option C is correct.
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Marginal benefit is the * 1 point a) increase in net benefit that a person receives from consuming another unit of a good. b) additional efficiency from producing another unit of a good. c) increase in profit from producing another unit of a good. d) change in total benefit that occurs when a person consumes another unit of the good. e) total benefit from consuming all the units of the good or service.
Answer:
d) change in total benefit that occurs when a person consumes another unit of the good.
Explanation:
Marginal cost can be defined as the additional or extra cost that is being incurred by a company as a result of the production of an additional unit of a product or service.
Generally, marginal cost can be calculated by dividing the change in production costs by the change in level of output or quantity.
Utility can be defined as any satisfaction or benefits a customer derives from the use of a product or service.
This ultimately implies that, any satisfaction or benefits a customer derives from the use of a product or service is generally referred to as a utility.
Furthermore, the marginal utility of goods and services is the additional satisfaction that a consumer derives from consuming or buying an additional unit of a good or service.
Marginal benefit can be defined as the highest amount of money (in dollars) that a consumer (buyer) is willing to pay to a seller in order to acquire an additional unit of a product i.e one more unit of the product.
Hence, marginal benefit would be described as the change in total benefit that occurs when a person consumes another unit of the good.
Jasper is interested in making a lot of money. He is a very good salesperson. People tell him he could sell sand in the Sahara Desert! He is also a very hard worker and is willing to work a lot of hours to make the kind of money he wants. Jasper should most likely look for the kind of job that is paid
A. in a situation with team-based compensation.
B. on salary with overtime.
C. with a high hourly rate.
D. by commission.
Answer:
b its b because it says he works hard and he is willing to get a good salary
On September 12, Vander Company sold merchandise in the amount of $6,000 to Jepson Company, with credit terms of 4/10, n/30. The cost of the items sold is $4,200. Vander uses the periodic inventory system and the gross method of accounting for sales. The journal entry or entries that Vander will make on September 12 is (are):
Answer and Explanation:
The journal entry is shown below:
Accounts receivables Dr $6,000
To Sales $6,000
(To record sales on account)
Here account receivable is debited as it increased the assets and credited the sales as it also increased the sales revenue
Therefore the above journal entry should be recorded
General Snacks is a typical firm in a market characterized by the model of monopolistic competition. Initially, the market is initially in long-run equilibrium, and then there is an increase in demand for snacks. We expect that: Group of answer choices in the long run, new firms will enter the market. there will be a short-run increase in the number of firms, but in the long run the number of firms will return to the original level. firms will leave the market in the long run. firms will shut down, but they will not leave the industry in the long run.
Answer:
Firms will leave the market in the long run.
Explanation:
Firms will leave the market in the long run.
Generally, the new firms enters in the market because the incumbent firms makes super normal profit. So in the long run, the continuous entry of firms will make the profit zero. Thus, when there is zero profit in the long run then the firms will start leaving the market and the demand for remaining firms will start rising because when firms start leaving the market then supply falls.
Tom is head of the marketing department and must decide how to allocate a fixed amount of funds. There are two top projects that Jim believes hold the most promise. Recently, the majority of funds have been allocated to Project A, but Tom wonders if it is time to provide Project B with a larger share of the money. Tom decides to assign a particular individual, Janice, to thoroughly criticize the proposal for Project B, looking for every possible flaw. Which technique is Tom using to help him make a better decision
Answer: Devil's advocacy
Explanation:
Devil's advocacy could be defined as having a critique on a team, board of administration who most times goes against the decision of the group. It has been realized that this helps the groups to have unbiased decisions, reduces expenses and avoid pitfalls.
This decision making method is involved mostly in areas that has to do with finance and budget.
Tom deciding to choose Janice to criticize the project is playing out the Devil's advocacy.
A system using an automated work cell controlled by electronic signals from a common centralized computer facility is called: an adaptive control system. robotics. a flexible manufacturing system. an automatic guided vehicle (AGV) system. a manufacturing cell.
Answer:
flexible manufacturing system.
Explanation:
flexible manufacturing system can be regarded as production method that is set up with features that enables it have the capability of adapting to any
alteration in the type as well in quantity of the product that is been produced. With good configuration, Machines and computerized systems can be used in production of variety of parts, it can be used to take care and adapt to changing levels of production.
It should be noted that flexible manufacturing system uses an automated work cell controlled by electronic signals from a common centralized computer facility is called: an adaptive control system. robotic
explain two sector model with saving and investment.
Answer:
sector economy, there are only two sectors of the economy, are , household sector and business sector.
To limit sexual harassment in the workplace, managers should strive to ________. recognize that sexual harassment occurs in most work environments provide general guidelines about sexual harassment, but avoid detailed explanations instantly terminate anyone accused of sexual harassment reassure employees that they will not encounter retaliation if they file a complaint investigate only the most serious complaints
Answer:
reassure employees that they will not encounter retaliation if they file a complaint.
Explanation:
A manager can be defined as an individual who is saddled with the responsibility of providing guidance, support, supervision, administrative control, as well as acting as a role model or example to the employees working in an organization by being morally upright.
Generally, managers are typically involved in taking up leadership roles and as such are expected to be build a strong relationship between their employees or subordinates by creating a fair ground for effective communication and sharing of resources and information.
On a related note, managers are required to engage their staff members (entire workforce) in the most efficient and effective manner.
To limit sexual harassment in the workplace, managers should strive to reassure employees that they will not encounter retaliation if they file a complaint.
Susan has three credit cards - 1) an Old Navy card she got her last year of high school and now doesn't use that much, 2) a Visa card she got while in college and pays an $50 annual fee for benefits she doesn't use that much, and 3) a Mastercard she opened last month which has no annual fees. Susan has decided that she only needs two credit cards, which one should she get rid of
Answer: Visa card
Explanation:
Since Susan has decided that she only needs two credit cards, then she should keep the old Navy card she got her last year of high school and the Mastercard that she opened last month which has no annual fee.
In this case, since she doesn't use the Visa card that she got while in college and th e card pays an $50 annual fee for benefits that she doesn't use that much, thus means that the card isn't beneficial to her. Therefore, she should get rid of the Visa card.
which of the following is the best example of social regulations?
a. inflation rate regulations
b. anti-trust legislation
c. health and safety standards
d. regulations against price gouging
Answer:
Explanation:
The answer is C
Answer:
Health and safety standards
Explanation:
I just got it correct on the test!!!
Suppose Stan owns a piece of property with a large lake. Initially, Stan and his family were the only people who swam in the lake. Then Stan started selling tickets to people who wanted to go swimming in the lake. When Stan died, he left the lake and the land it was on to the state, stipulating that the lake be left open to the public for swimming. Due to the lake’s remote location, it was never crowded. After Stan died, the lake became a ______ good.
Answer:
public
Explanation:
A public good is a good that is non excludable and non rivalrous.
An individual's access to the pool does not limit another person's access
Also, the pool is free, so it is non excludable
Before his death, the pool was a private good
A private good is a good that is excludable and rivalrous.
