Answer:
A) $2,000 favorable
Explanation:
Actual total variable overhead = $ 73,000
Actual total fixed overhead = $ 17,000
Budgeted variable overhead rate per machine hour = $ 2.50
Budgeted total fixed overhead = $ 15,000
Budgeted machine hours allowed for actual output = 30,000
Budgeted variable overhead = $ 2.50 x 30,000 = $ 75,000
Variable overhead variance = Budgeted variable overhead - Actual total variable overhead
Variable overhead variance = $ 75,000 - $ 73,000 = $ 2,000
Since the actual value is under the budgeted value, the variable overhead variance is $2,000 favorable.
Suppose you use your entrepreneurial spirit and economics training to start your own business. In your first year of work, you are able to earn $58,000 in gross income. What is the total amount of social insurance taxes you owe the federal government
The total amount of social insurance taxes you owe the federal government is $3,596.
The social insurance taxes will be tax rate (6.2%) of gross income amount of $58,000 which is calculated using this formula
Social insurance taxes=Social security tax rate× Gross income
Where:
Social security tax rate=6.2%
Gross income=$58,000
Let plug in the formula
Social insurance tax=6.2%×$58,000
Social insurance tax=$3,596
Inconclusion the total amount of social insurance taxes you owe the federal government is $3,596.
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Schweigert Paint Company, which prepares annual financial statements, is preparing adjusting entries on December 31. Analysis indicates the following:
(1.) The company is the defendant in an employee discrimination lawsuit involving $50,000 of damages. Legal counsel believes it is unlikely that the company will have to pay any damages.
(2.) December 31st is a Friday. The employees of the company have been paid on Monday, December 27th for the previous week which ended on Friday, December 24th. The company employs 30 people who earn $100 per day and 15 people who earn $160 per day. All employees work 5-day weeks.
(3.) The company is a defendant in a $500,000 product liability lawsuit. Legal counsel believes the company probably will have to pay the amount requested.
Prepare any adjusting entries necessary at the end of the year.
The Adjusting Journal Entries that Schweigert Paint Company will make in its records include the following:
Adjusting Journal Entries on December 31:
1. No Journal Entry Required
2. Debit Wages Expense $27,000
Credit Wages Payable $27,000
To accrue unpaid wages for one week to December 31.3. Debit Product Liability Expenses $500,000
Credit Product Liability Payable $500,000
To record the product liability expense.Data Analysis:
1. No Journal Entry Required
2. Wages Expense $27,000 Wages Payable $27,000. ($100 x 30 x 5) + ($160 x 15 x 5)
3. Product Liability Expenses $500,000 Product Liability Payable $500,000
Thus, the adjusting entries as of December 31 do not include transaction 1.
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Mickey and Minnie each have a budget of $80 per moth to spend on downloaded music tracks and live concerts. At the initial price, Mickey consumes both goods but Minnie buys only downloaded music an does not go to live concerts. Now the price of live concerts falls. Use figures to show that Mickey’s utility must increase and that Minnie’s utility may increase or stay the same, but cannot fall.
Answer:
sanaol may pera
Explanation:
#fyp tikrok
The question is about the spent of budget and their utility.
Minnie and Mickey have a budget of $80 each per month to spend on music and concerts.
Mickey consumes both to spend his budget but Minnie only consumes her budget for downloaded music.
Now that the price for concert have decreased Mickey will be able to spend more on either options as he will be paying less for concert tickets. Therefore Mickey's utility will increase.
While Minnie only consuming downloaded music will have no impact upon falling prices for the concert. Therefore her utility will remain same.
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A(n) select an option standard is expressed as a unit amount while a(n) select an option budget is expressed as a total amount.
A budget expresses a total amount while a standard expresses a unit amount.
A budget refers to the total projected revenues, costs, or expenses. A standard refers to the projected amount per unit of product or per unit of input or per unit of output.
The difference between a standard and a budget is that a budget expresses a total amount while a standard expresses a unit amount.
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It is better to go to banks instead of family and friends for business loans because ______. (Select all that apply)
It is better to go to banks instead of family and friends for business loans because;
Banks can assist the business in analyzing problems.Loans from family can hurt family relationships.
One of the primary reasons why financial institutions such as banks are established is to grant loans to its customers.
Banks assist people make sound financial decisions whilst also analysing their business needs such that the loan borrowed would be properly utilized.
loans from family can hurt relationships because such loans are based on trust and once the borrower is not able to payback as at when due, then such could hurt family relationships.
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Acme Widget, Inc. has 1,000 shareholders who own a total of two million shares of its common stock. The company earned $20 million after taxes and paid out $8 million in dividends. The company has assets of $250 million and liabilities of $50 million. What is the book value per share
Acme Widget, Inc. has a book value per share of $100.
Data and Calculations:
Number of shareholders = 1,000
Total number of common stock shares = 2,000,000 shares
Earnings after tax = $20 million
Dividends paid = $8 million
Assets = $250 million
Liabilities = $50 million
Equity = $200 million ($250 million - $50 million)
Book value per share = $100 ($200,000,000/2,000,000)
Thus, Acme Widget's book value per share is $100.
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what happen when unity is not there?
Answer:
without unity there's no growth no integrity no freedom and definitely no patriotism
DaaS is utilized for provisioning critical data on demand.
To encourage employees to work the extra hours needed to get a start-up company off the ground, the CEO offered to institute a profit sharing program for everyone. Which condition that contributes to high performance is most demonstrated at this company
Answer:
can i have a choise
Explanation:
thanks
Leaders regularly communicate with subordinates to provide them instructions on the tasks that need to be completed in a high-performance workplace.Leaders reduce distractions and free team members to concentrate on their jobs by finding rapid solutions to issues.
What is a key element of high performance work systems?
This article's main objective is to outline the essential components of HPWS and show how, in the knowledge, wisdom, and information-based economy of today, forging partnerships with workers makes business sense for employers.Business professionals may be able to avoid mistakes that "conventional wisdom" can lead to and that are increasingly recognized as the root of much organizational dysfunction and decline by understanding the findings of recent research about this high trust and high empowerment management philosophy.The HPWS systems place a strong emphasis on employee involvement and show a dedication to developing an organizational culture that values commitment above control.The cultures of high performance businesses also place a strong emphasis on the pursuit of excellence and demand that employees possess a high level of qualification, competence, and improvement-oriented behavior. Management specialists have studied HPWS in depth and have discovered common management techniques that boost organizational performance and foster competitive advantage.The seven human resource techniques listed below are intended to increase revenues by involving workers as full owners and collaborators in an organization's success.Seven High Performance Work System Practices (HPWS)Security for Employees, Selected Hiring, Decentralized Decision-Making, etc.High Compensation Based on Results.Training through Commitment.Status barriers are lessened.sharing important data. Each employee's and work group's accomplishments in a high-performance work system add to the system's overall high performance.Since ethical behavior mostly benefits short-term relationships with employees but is unsustainable over time, it is an optional requirement for great performance.
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Why do businesses compete in free enterprise system?
Answer:
Businesses in free enterprise systems compete with each other to produce better products at better prices. Competition leads to innovation, new ideas and a more competitive market. Competiting allows businesses to control themselves and their ideas in an efficent manner.
However, competition in the free enterprise systmem leads to lower wages and income. It leads to the best product at the lowest price. It leads to a variety of products available to the consumer.
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__________ is any proprietary software licensed under exclusive legal right of the copyright holder.
Answer:
Closed Source
Explanation:
Closed source is any proprietary software licensed under exclusive legal right of the copyright holder.
If oligopoly firms decide to work together, either formally or informally, and honor the agreement then profits can be ________ by ________ output and ________ the price of goods and services. maximized; increasing; increasing maximized; increasing; increasing maximized; reducing; increasing maximized; reducing; increasing minimized; reducing; increasing
If the oligopoly firms decide to work together and honor the agreement, then, profits can be maximized by reducing output and the increasing price of goods and services.
The market of oligopoly firm is one that consists of small number of firms that have substantial influence in the particular industry.
Some oligopoly market include auto industry, air travel industry etc
Either formally or informally, If the oligopoly firms decide to work together and honor the agreement, then, profits can be maximized by reducing output and the increasing price of goods and services.
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Why are professional associations interested in keeping professional standards high?
A few dishonest professionals can hurt the entire profession.
B. They can charge more for higher standards.
C. Professional associations get paid based on customer reviews.
D. Professional associations are forced by law to keep standards high.
Answer:
A few dishonest professionals can hurt the entire profession.
Use your knowledge of management communications to select the three missing labels from the following image.
WORD BANK
Strategic Conversations
Methods
Purpose-Directed
Answer:
A. Purpose-directed: The communication conducted by the manager must be aligned with the culture and value system of the organization
I'm sure about this one but others I have not idea so far If I get it I'll upload then.
The phrase “communication management” refers broadly to the exchange of information between different businesses or inside one business. It focuses on achieving a company's target audiences through the development and execution of various communication strategies.
What use of knowledge of management communications?Communication is crucial for self-expression. Additionally, it meets one's necessities. Effective communication is necessary for career advancement. Effective communication skills can make your personal life easier and improve your interactions with others by facilitating mutual understanding.
We mostly communicate verbally, nonverbally, in writing, and visually on a daily basis. It's best to actively listen, observe, and empathize when using any of these communication techniques.
Therefore, A Purpose directed, B Strategic Conversations C Methods.
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The team created to document procedures throughout the organization had several _________________________, or expectations of behavior: be on time for meetings, check email on evenings and weekends, and share cute animal videos found online.
a. team norms
b. stages of development
c. member roles
d. task conflicts
Answer:
a. team norms
Explanation:
Answer:
The team created to document procedures throughout the organization had several team norms, or expectations of behavior: be on time for meetings, check email on evenings and weekends, and share cute animal videos found online.
a printed order for payment of a specified sum,facilitaded by the bank ir post office
Nonverbal communication sends powerful messages through body language and facial expressions. This set of questions covers nonverbal behavior as it is typically expressed in U.S. business culture. Your country or culture may use different styles of nonverbal communication.
When a person meets a group of people for the first time, he or she pays more attention to:
a. Body language, the sounds of conversation (angry, happy, animated, and so forth), and people’s expressions
b. The words that people say when they introduce themselves
Answer:
a. Body language, the sounds of conversation (angry, happy, animated, and so forth), and people’s expressions
Explanation:
Studies show that people place far more emphasis on nonverbal cues than on verbal cues when interpreting messages. Thus, whenever people interact face to face, they are more likely to pay attention to nonverbal cues, such as vocal tones and gestures.
Chase Company owns 80% of Lawrence Company and 40% of Ross Company. Lawrence Company also owns 30% of Ross Company. Separate operating incomes for 2011 of Chase, Lawrence, and Ross are $450,000, $300,000, and $250,000, respectively. Each company also retains a $20,000 unrealized gain in their current income figures. Annual amortization expense of $15,000 is assigned to Chase's investment in Lawrence and another $15,000 is assigned to Lawrence's investment in Ross. Compute the noncontrolling interest in Ross' net income for 2011. $92,000. $77,400. $75,000. $64,500. $69,000.
The non-controlling interest in Ross Company's 2011 net income is A. $92,000.
Data and Calculations:
Chase Company's shareholding in Lawrence Company = 80%
Chase Company's shareholding in Ross Company = 40%
Lawrence Company's shareholding in Ross Company = 30%
Chase Lawrence Rose
Operating incomes for 2011 $450,000 $300,000 $250,000
Unrealized gain 20,000 20,000 20,000
Annual amortization expense 15,000 (15,000)
Therefore, Chase Company's shareholding in Ross Company = 64% (40% + 80% x 30%).
And Ross' non-controlling interest = 36% (100% - 64%)
= $92,000 ($250,000 + $20,000 - $15,000) x 36%
Thus, the non-controlling interest in Ross Company's 2011 net income is A. $92,000.
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The cat ____ the food.
A. eat
b. drink
c. up
d. run
Answer:
eat
Explanation:
Answer:
eat
Explanation:
A manufacturer paid total factory payroll of $200,000 in cash. The journal entry for this transaction includes a:
Based on the information given the journal entry for this transaction includes a: Debit Factory Wages Payable $200,000; Credit Cash $200,000.
Based on the given details the we were told that total factory payroll of the amount of $200,000 was paid by cash by the manufacturer.
Hence:
The appropriate journal entry to record this transaction is:
Debit Factory Wages Payable $200,000
Credit Cash $200,000
(To record factory wages payable)
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How does the opportunity cost principle explain the relationship between the real interest rate and investment spending?
As the interest rate rises,
the more spending businesses want to do.
the less attractive it is to leave money in the bank instead of spending on investments.
the more attractive it is to leave money in the bank instead of spending on investments.
it has no effect on investment spending. If firms need to expand, they will invest regardless of the interest rate.
b. The investment line is
because of the relationship between real interest rates and investment
spending
perfectly elastic
vertical
upward-sloping
downward-sloping
The opportunity cost illustrates the relationship that exists between them because as the interest rate rises, the more attractive it is to leave money in the bank instead of spending on investments.
The investment line is downward sloping because of the relationship between real interest rates and investment spending.
Opportunity cost simply means what one foregoes in order to get something else. It should be noted that when there's an increase in the interest rate, this will lead, the cost of borrowing will be high. Therefore, there'll be a reduction in investment.
Therefore, there's a negative relationship between interest rate and investment spending. This then leads to a downward-sloping curve.
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An investor holding a short position in a maturing futures contract may:
Answer:
Take delivery of the underlying asset from the holder of the long position.
your salary is $50,000 income tax rate is 21% on the first $35,000 and 23% on the rest of your income what is the total amount of tax that you owe A.$10,500 B. $10,770 C. $10,800 D.$11,500
Answer:
C
Explanation:
35000 = 100%
35000×0.21 = 21% = $7350
50000 - 35000 = 15000 = 100%
15000×0.23 = 23% = $3450
so, in total, I pay
7350 + 3450 = $10,800
Your brother rarely filters his observations and often makes insensitive comments that
offend others. What skill does he need to work on?
ed
a. Code-switching
b. Self-monitoring
c. Multimodality
d. Circumscribing
Considering the situation described above, my brother needs to work on Self-Monitoring.
This is because Self-Monitoring is a term often used in sociology to describe the ability to is a personality trait that involves monitoring and regulating personal presentations, emotions, and attitudes towards his social environments and situations.
By mastering the habit of Self-Monitoring, my brother would be aware of his words, behaviors, and emotions towards its effects on the people around him.
Hence, in this case, it is concluded that the correct answer is "Self-Monitoring."
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Abardeen Corporation borrowed $113,000 from the bank on October 1, Year 1. The note had an 10 percent annual rate of interest and matured on March 31, Year 2. Interest and principal were paid in cash on the maturity date. Required a. What amount of cash did Abardeen pay for interest in Year 1
a. The cash that Abardeen pay for interest in Year 1 is $0.
b. Interest expense that was recognized is $2,825.
c The Total liabilities was reported is $115,825.
d. The amount of cash was paid to the bank is $118,650.
e. The amount of interest expense was reported is $2,825.
a. The amount of cash that Abardeen pay for interest in Year 1 is $0 reason being that the interest matured on March 31, 2017.
b. Interest expense:
Interest expense=($113,000 x 10% x 3 months /12)
Interest expense=$2,825
c. Total liabilities
Total liabilities= $113,000 + $2,825
Total liabilities = $115,825
d. Cash that was paid to the bank on March 31, 2017:
Cash= $113,000 Principal + ($113,000 × 10% × 6/12)] Interest
Cash= $113,000 Principal +$5,650 interest
Cash= $118,650
e. Interest expense reported on the 2017 income statement:
Interest expense=$113,000 × 10% ×3/12
Interest expense=$2,825
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Baker Corp. pays a constant $1.8 dividend on its stock. The company will maintain this dividend for the next 15 years and will then cease paying dividends forever. If the required return on this stock is 5 percent, what would the current share price be
Answer:
1.8 divided by 15 easy
Explanation:
0. somthing
Question I (30 marks)
Salma started Bag Zone in Riverside with the goal of providing good quality
handbags. Unique designs and utilizing uncommon materials for the making of the
handbags is her competitive advantage, and completed can be wholesaled
to fashion retailers or placed on consignment in local retail shops. Additionally, the
handbags can also be sold directly to consumers by displaying the prcxlucts at fashion
or craft shows or selling them online. Business has been brisk and she has established
a sizeable client base over the last five years. She thinks that it could be the time to
spend in an information system to record details about the sales, payroll process and
offer more details about the inventory
Salma believes that it will be possible to modernize some of the business process for
reducing the amount of time, which it is taking for data processing. She wants to
up four further stores throughout the next three years. Systems used should be capable
of supporting these developments
Currently, Salma finds that no details are captured by the system about the customer.
Only details about the purchased goods, the method ofpayment, member of the staff,
purchased quantity, and price & totals are captured.
It has been that levels of stock are recorded by using the stock card. It can
be seen that the details of the new inventory are entered into the cards when the new
stock and details of sold units are changed at the termination of each trading day. It
is very clear that when things become hectic, marketing off stock sheets can be
forgotten and hence they are not very exact. To know the level of the stock item, the
physical check is needed.
Required
As you have knowledge about information systems, would you provide assistance
to Salma in solving various issues like maintenance of customer details,
maintenance of marketing off stock sheets, collection of useful data for sales
forecasting and accurate calculation of wages & to electronically pay staff. You
should indicate that your suggestion would help each of the stores to improve the
organizational performance along with store's efficiency.
Based on the information given, the assistance that can be given to Salma to solve issues like maintenance of customer details, maintenance of marketing of stock sheets, etc will be enterprise resource planning.
Enterprise resource planning is a software that is used by organizations to manage day-to-day business activities like project management, risk management, accounting, procurement, etc.
The functions that can be performed by the enterprise resource planning include:
Displaying current balance.Recording transactions.Tracking wastage.Providing information on project scope.Summarizing customer billing, invoice collection, budgeting, etc.In conclusion, enterprise resource planning will be a valuable tool for the company to improve its revenue.
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what ideas do you feel the organization should have the opportunity to mandate without union involvement?
Answer:
any ideas that would improve things for the employees. if the ideas result in the deterioration of employees' well-being, safety or anything regarding the employees, the the union would get involved. the union exists for this reason.
a wifi router has a mtbf of 10 months. What is the availability if the mttr is 12 hours and the number of days in a month is 30 ?
Answer:
40
Explanation:
Answer:
MTBF = 30 days = 30 * 24 = 720 hour. MTTR = 12 hour. i.e. A = 720 / (720 + 12) = 0.9836 = 98.36%
Bada bing, Bada
Employees feel that Sheryl ___________________ because she is direct and truthful about what they need to do and how they can improve, but she is never sarcastic or shaming.
a. is a good listener
b. has organizational conversations
c. communicates nonverbally
✔d. communicates with candor
Answer:
d. communicates with candor
Explanation:
Communicating with candor means being direct, honest, and clear about what employees need to do to meet objectives, while also expressing respect for others and not making people feel slighted, controlled, or exploited. Organizational conversations involve give-and-take between management and lower-level employees in which managers ask questions and listen to the answers. Sheryl may be a good listener, use nonverbal communication, and facilitate organizational conversations, but this sentence does not provide information about those aspects of her communication.
