Answer:
The Differences between Absorption Costing and Variable Costing
1. variable overhead costs
2. variable and fixed cost distinctions
3. greater than absorption costing net operating income
Explanation:
Absorption costing does not separate costs according to their variable and fixed elements but includes all product or directs costs in the cost of goods. Variable costing, on the other hand, makes the distinctions and only accounts for variable costs in the product costs and not all the direct costs.
if the most likely reason customers will purchase a company's product is its many useful attributes, what advertising focus would likely be more effecitve
Answer:
If the most likely reason customers will purchase a company's product is its many useful attributes, an advertising focus that highlights the product's features and benefits would likely be more effective.
Explanation:
If the most likely reason customers will purchase a company's product is its many useful attributes, an advertising focus that highlights the product's features and benefits would likely be more effective. This approach involves emphasizing the specific attributes and benefits of the product, such as its quality, functionality, durability, convenience, and other useful characteristics. By highlighting these features, the advertising can appeal to the customer's desire for a product that meets their needs and provides practical benefits. Additionally, providing specific details and comparisons of the product's attributes with those of competitors can help to differentiate the product and increase its appeal to potential customers.
Recall what you have learned about positive culture and business practices in this lesson. With an understanding that some things must change with Company X, discuss ways in which Company X can still focus on making changes but also focus on keeping positive culture practices while these changes
Answer:
In a positive culture environment, people are happy and feel valued. When people feel happy and valued, it makes it easy for management to garner their buy-in cooperation when changes need to be made within the business.
In a culture that is negative, people don't feel valued and as such are always after their own interest rather than that of the company. There is also a tendency to always be on the defensive side of any change that is about to come looking out for one's self rather than what is best for the collective good. In this case, staff are much likely to sabotage new initiatives and changes rather than work to actuate them.
The obverse is true for a business with a positive culture.
Explanation:
good luck! <3
As an employee in the Lottery Commission, your job is to design a new prize. Your idea is to create two grand prize choices: (1) receiving $50,000 at the end of each year beginning in one year for 20 consecutive years, or (2) receiving $500,000 today followed by a one-time payment at the end of 20 years. Using an interest rate of 6%, which of the following comes closest to the amount prize (2) needs to pay at the end of year 20 in order that both prizes to have the same present value?
a. $ 326,649
b. $ 440,463
c. $ 114,932
d. $ 393,342
e. $ 235,712
Answer:
The correct option is $235,712,option E
Explanation:
The present value of prize(1) can be computed by using the excel pv formula as shown below:
=-pv(rate,nper,pmt,fv)
rate is interest rate of 6%
nper is the number of years payment would be made which is 20
pmt is the amount of money received per year which is $50,000
fv is the total future worth of the prize (1) which is unknown
=-pv(6%,20,50000,0)
=$573,496.06
The difference between present value of prize(1) $573,496.06 and $500,000 receivable from prize (2) today is $73,496.06
The difference is today's worth, its future worth can be computed thus:
FV=PV*(1+r)^n
PV is $73,496.06
r is 6%
n is 20 years
FV=$73,496.06*(1+6%)^20 =$ 235,711.82
The amount that prize (2) needs to pay after 20 years so that both prizes bear the same present value is closer to Option B. $440,463.
Data and Calculations:
N (# of periods) = 20 years
I/Y (Interest per year) = 6%
PMT (Periodic Payment) = $50,000
FV (Future Value) = $0
Results:
Present Value (PV) = $573,496.06
Sum of all periodic payments = $1,000,000.00
Total Interest = $426,503.94
Thus, the amount that prize (2) needs to pay after 20 years so that both prizes bear the same present value is closer to Option B.
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Which of the following statements is accurate about the land account
Answer:
1- The Land account is increased on the left side of its T-account
2- The Land account is used to record the costs of land purchased by the business
3- The Land account is an asset
Explanation:
In your own words, define what Sociology is
Answer:
it refers to the society
A promissory note can best be described as __________., a. an interest-bearing IOU, b. a guarantee of a line of credit, c. a commitment to lend money to someone, d. a government-backed bond
A promissory note can best be described as: a. an interest-bearing IOU.
What is promissory note?Promissory note can be defined as a written note that help to shows that a person who lend a money from another person promise to payback. The note contains a promise by the borrower to pay back the lender within a stipulated period of time.
A promissory note can tend to be described as IOU which full meaning is I OWE YOU which implies that a borrower is telling the lender that he/she owe the lender some certain amount of money which the borrower will have to payback.
A promissory note also contains the terms and conditions of the agreement and this terms and agreement includes the following :
The principal amountThe loan maturity dateThe interest etcTherefore we can conclude that the correct option is A.
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Complete this question by entering your answers in the tabs below.
Req 1Req 2Req 3 to 5Req 6
Prepare a contribution format income statement.
Todrick Company
Contribution Format Income Statement
Sales $480,000
Variable expenses:
Cost of goods sold $16,000
Selling expense 24,000
Administrative expense 40,000
80,000
Contribution margin 96,000
Fixed expenses:
Administrative expense $19,200
Selling expense
19,200
Net operating income $28,800
Req 1Req 2
The necessary entry to illustrate the information is written below.
How to depict the entriesOne of a company's financial accounts, the income statement or profit and loss account, lists the company's receipts and outgoings for a specific time period.
Sales $ 480,000
Variable Expenses
COGS $ 336,000
Selling Expenses $ 24,000
Admin Expenses $ 24,000
$ 384,000
Contribution Margin $ 96,000
Selling Expenses $ 48,000
Admin Expenses $ 19,200
$ 67,200
Net Income $ 28,800
Sales $ 480,000
Variable Expenses
COGS $ 336,000
$ 336,000
Gross Margin $ 144,000
Selling Expenses $ 72,000
Admin Expenses $ 43,200
$ 115,200
Net Income $ 28,800
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which statement is true of a flat file system? a. complex requests can be handled easily. b. programs and data are independent. c. same data can be stored in more than one file. d. it requires very less storage space.
The answer is c. same data can be stored in more than one file, is the statement is true of a flat file system.
What is the straightforward meaning of data?Data is information that has been transformed into a format that is useful for transfer or processing in computing. Data is information that has been transformed into binary digital form for use with modern computers and communication mediums. The topic of data may be used in either the singular or the plural.
What makes up data?Long channels of semiconductor material are used to create JFETs. At the ends of the semiconductor channels, ohmic contacts are placed to create the source and drain connections. A P-type JFET is one that has a lot of positive charges, and an N-type JFET is one that has lots of electrons.
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C. same data can be stored in more than one file.
What is data ?Data is information that has been organized and structured in a way that it can be used for analysis and communication purposes. It is organized into a logical structure that can be used to identify trends, relationships, and other useful information. Data can be collected from a variety of sources, such as surveys, questionnaires, databases, or even observations. Data can also be collected using a variety of methods, such as interviews, focus groups, and surveys.
Data can be used to make decisions, develop strategies, or even predict future events. Data can be used to inform decision making, help organizations measure progress, or track changes in customer behavior.
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The Munsters have been saving money in order to buy a house. They figure that, given current interest rates, they could afford a $465,000 home. Before looking at houses on the market they decide to explore the possibility of building a new home. The Munsters figure they could buy a suitable lot for $102,500–$$107,500. At a minimum they want to build a 2,300-square-foot house. The cost for a house of the quality they desire is $186 per square foot. Given this information, should the Munsters pursue the option of building a new house?
Answer:
Solution Cost of Lot = 75000 Area = 2400 square foot Cost per Square Foot = 160 Total Cost of Building Flat = 75000 + (2400 x 160) = 459,000 Cost
Explanation:
No, the given information, does not support the Munster's pursuing the option of building a new house because the cost is high to build a new house.
What is the importance of a house?A decent house offers defense. Violence and sexual abuse against children are less likely. They are less likely to be compelled to work as children, get married off at a young age, or be coerced into joining armed organizations. Having a house guarantees that displaced individuals have easier access to humanitarian relief.
Given,
Cost of ready house = $465,000
Cost of building new house = $102,500 + $186 x 2,300 (min sq.ft )
Cost of building new house = $530,300
The cost of building a new house is greater by $65,300 ( 530,300 - 465,000)
Thus, the Munsters drop down the decision to build a new house they should purchase a ready-made house.
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According to the Moral Choices textbook, what is NOT a weakness for Virtue Ethics?
Virtues include things like sincerity, bravery, empathy, compassion, generosity, loyalty, integrity, justice, self-control, and wisdom. The principles of virtue ethics are founded on the happiness of the individual rather than the welfare of society, which is another flaw that surpasses any positives of virtue ethics.
What is not a weakness for Virtue Ethics?
Whereas virtue is the opposite of vice, moral strength is the opposite of moral weakness, and some type of divinity is the opposite of brutishness.
Virtues are essential components of human greatness that enable survival and flourishing. Six essential qualities were discovered to be universal across all civilizations by researchers. The six virtues of transcendence, humanity, justice, bravery, temperance, and wisdom and understanding make up the grouping of the 24 character qualities.
According to virtue ethics, developing our character should be a lifelong endeavor that has the potential to genuinely alter who we are. The objective is to develop virtues that enable us to perceive the world clearly and, as a result, make better decisions. This is different from developing virtues that allow us to behave ethically without hesitation.
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you lose your job as a result you purchase more campbell’s soup. This inflation shows that you considered campbells soup to be a
The increased purchase of Campbell's soup after losing a job reflects considering it as a reliable option during inflationary times.
The decision to purchase more Campbell's soup in response to losing a job can be attributed to the concept of inflation. Inflation refers to the general increase in prices of goods and services over time, resulting in the eroding purchasing power of money.When facing a loss of income or job insecurity, individuals often seek to maximize the value of their money by purchasing goods that they perceive as having stable or increasing value. In this case, the individual may consider Campbell's Soup as a reliable choice due to its reputation, long-standing presence in the market, and the perception that its value will hold or increase even during inflationary periods. Therefore, purchasing Campbell's soup can be seen as a strategy to protect against the eroding effects of inflation and maintain some level of stability in uncertain times.For more such questions on Inflationary:
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What is a commodity
Answer:
Something useful or valuable.
Explanation:
Swifty Corporation is unsure of whether to sell its product assembled or unassembled. The unit cost of the unassembled product is $24 and Swifty would sell it for $56. The cost to assemble the product is estimated at $20 per unit and the company believes the market would support a price of $69 on the assembled unit. What decision should Swifty make
Answer:
See below
Explanation:
Assembled product
Cost = $24 + $20 = $44
Selling price = $69
Profit = $69 - $44 = $25
Unassembled product
Cost = $24
Selling price = $56
Profit = $56 - $24 = $32
Therefore, Swifty corporation should sell before assembly, the company will be better off by $7
why do projects fail ?
Joey has opened a restaurant. He paid a large amount of money up front to get the business started. He only sells products that are licensed by someone else. What type of business opportunity is Joey a part of?
Question 9 options:
1: Franchise
2: Dealership
3: Licensing
4: Network marketing
Answer:
Franchise
Explanation:
The answer is FRANCHISE
Remember, the budget constraint contains all possible combinations of consumption and leisure at a given wage, wealth, and price. Say Adam sleeps 9 hours a day leaving him 15 hours each day to spend on either work or leisure, if the price of ice cream is $2, Adam's wage is 12$/hour, and his wealth is $10, what is the maximum amount of hours Adam can spend on leisure if he chooses to buy 17 cups of ice cream
State any THREE activities that took place during the forming stage
any THREE activities that took place during the forming stage are:-
In the forming stage, group members get to know one another - their strengths, challenges, and interests - and they test the boundaries and expectations of the task they are to perform. ...
Write the names of people or characters on individual pieces of paper. ...
Storming
Answer:
Three activities that took look place during the formating stage are:
Explanation:
- Storming
-Write the names of people or charecters on individual pieces of paper...
- In the forming stage, grow members get to know one another - their strengths challenges, and interests- and they test the boundaries and expectations of the task they are to preform....
The number one reason for the failure of new business is A poor marketing B poor management C insufficient cash D taking too many risks
The number one reason for the failure of new business is taking too many risks. Thus option (D) is correct.
What is a business?A business can be referred to as an organization or enterprising entity that engages in professional, commercial or industrial activities. There are different types of businesses like sole proprietorships, partnerships, corporations, and more.
The businesses are basically work for profit motive. Businesses can be small-scale or large-scale. Some of the biggest businesses in the world are Amazon and Walmart.
The number one reason for the failure of new business is taking too many risks. Therefore, option (D) is correct.
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Assessing an organization's strengths and weaknesses is an essential part of aligning projects with the organization. A project may be difficult to complete successfully if it supports the organization's goals, but the organization does not have the right capabilities. All of these are factors that could cause the project to be unsuccessful EXCEPT: a. necessary skills required for potential projects are not available internally and not easily acquired. b. project management processes are clearly defined and understood. c. individuals and teams require higher level leadership to assign tasks and make project decisions. d. organization is risk-averse at all levels.
All of these are factors that could cause the project to be unsuccessful EXCEPT necessary skills required for potential projects are not available internally and not easily acquired.
What does a SWOT analysis in project management accomplish?SWOT analysis is a technique used in project management to evaluate a project's advantages, disadvantages, opportunities, and threats. It aids stakeholders in deciding which project components to concentrate on as well as any dangers to prepare for.
Which of the following, by choosing the appropriate programs or projects, prioritizing the work, and providing the required resources, is in line with organizational strategies?By choosing the appropriate projects, setting work priorities, and allocating necessary resources, portfolio management works in accordance with organizational strategies.
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Which of the following are true about cover letters? Select all that apply.
A cover letter should be tailored to meet the objectives of the job you are seeking
A cover letter should explain skills you don't possess
A cover letter should be informal and talkative to make the best impression
A cover letter should highlight your skills and experiences
A cover letter should describe why you left your former job
Answer:
A cover letter should highlight your skills and experience.
Explanation:
Your cover letter is a marketing tool you'll use to promote your background and highlight skills when applying to jobs through STARS. A well-crafted cover letter distinguishes you from others and will entice the reader to want to learn more about you.
During the summer between his junior and senior years, James Cook needed to earn sufficient money for the coming academic year. Unable to obtain a job with a reasonable salary, he decided to try the lawn care business for three months. After a survey of the market potential, James bought a used pickup truck on June 1 for $1,410. On each door he painted "James Cook Lawn Service, Phone 471-4487." He also spent $650 for mowers, trimmers, and tools. To acquire these items, he borrowed $2,700 cash by signing a note payable promising to pay the $2,700 plus interest of $85 at the end of the three months (ending August 31).
By the end of the summer, James had done a lot of work and his bank account looked good. This prompted him to wonder how much profit the business had earned.
A review of the check stubs showed the following: Bank deposits of collections from customers totaled $12,800. The following checks had been written: gas, oil, and lubrication, $970; pickup repairs, $310; mower repair, $300; miscellaneous supplies used, $190; helpers, $5,200; payroll taxes, $210; payment for assistance in preparing payroll tax forms, $40; insurance, $165; telephone, $300; and $2,785 to pay off the note including interest (on August 31). A notebook kept in the pickup, plus some unpaid bills, reflected that customers still owed him $850 for lawn services rendered and that he owed $190 for gas and oil (credit card charges). He estimated that the cost for use of the truck and the other equipment (called depreciation ) for three months amounted to $760.
Required:
1. Prepare a quarterly income statement for James Cook Lawn Service for the months June, July, and August. Assume that the company will not be subject to income tax.
The income statement for James Cook Lawn Service shows a balance of $5,120.
The quarterly income statement for James Cook Lawn Service for the months of June, July, and August would look as follows:
Income Statement (Quarterly)
For the Months Ended August 31
Revenues:
Collections from customers $12,800
Accounts receivable $850
Total Revenues $13,650
Expenses:
Gas, oil, and lubrication $970
Pickup repairs are $310
Mower repair $300
Miscellaneous supplies used $190
Helpers $5,200
Payroll taxes $210
Payment for assistance $40
Insurance $165
Telephone $300
Depreciation $760
Interest expense of $85
=$970 + $310 + $300 + $190 + $5,200 + $210 + $40 + $165 + $300 + $760 + $85 = $8,530
Total Expenses $8,530
Net Income = Revenues - Expenses
Net Income $5,120
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Question 2: (8) The following transactions occurred in scadela Dealers accounting books during or prior to the Second month of operations. Complete a General Ledger for the operation transaction for the month of September 2013. • Sondela Dealers received income for letting a storage room for the month was R 15 600 cash. Revenue from the cooldrink machine was R1000 cash. Cash purchases for this machine was R800 He pays R 1800 for other supplies purchased on account. • O 0 Question 3:
In order to complete a General Ledger for Sondela Dealers for the month of September 2013, we need to record all the transactions that occurred during or prior to that month. The information provided includes income received for letting a storage room, revenue from a cooldrink machine, cash purchases for the machine, and payment for other supplies purchased on account.
To record these transactions in the General Ledger, we would create separate accounts for each item such as "Storage Room Rent Income", "Cooldrink Machine Revenue", "Cooldrink Machine Purchases", and "Supplies Purchases". We would then record the relevant transactions in each account, debiting the account for any increases and crediting it for any decreases.
For example, we would debit the General Ledger "Storage Room Rent Income" account for R15,600 to record the income received from letting the storage room, and credit the "Cash" account for the same amount to show that we received payment in cash. Similarly, we would debit the "Cooldrink Machine Revenue" account for R1,000 and credit the "Cash" account for the same amount.
Finally, we would debit the "Cooldrink Machine Purchases" account for R800 to record the cash purchases for the machine, and credit the "Cash" account for the same amount General Ledger. We would also debit the "Supplies Purchases" account for R1,800 to record the payment made on account for supplies purchased, and credit the "Accounts Payable" account for the same amount.
By recording all the relevant transactions in the General Ledger, we can keep track of the company's financial transactions and ensure accurate account reporting and analysis of its financial performance.
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A communication plan is a key component for giving guidelines on how to track project:________a. Issues.b. Costs.c. Defects.d. Both costs and defects.
Answer: a. Issues
Explanation:
A Communication plan for a project allows for easier information flow between the stakeholders in the project including the client, the company and the workers.
By setting standards on how and what should be communicated the plan will let the stakeholders know how to communicate any issues affecting the project. The plan will also let the stakeholders know how to track issues that will be reported.
Outline the features and characteristics of the successful entrepreneur
Explanation:
Traits of an entrepreneurial mindset include:
Risk-taking
Vision
Discipline
Adaptability
Leadership
Creativity
Curiosity
The successful entrepreneur possesses various features and characteristics like creativity, passion, visionary, flexibility etc. that set them apart from others.
They are highly creative and innovative, which enables them to come up with unique ideas and solutions. They have a strong passion for their work, which allows them to overcome challenges and stay committed to achieving their goals. Additionally, they are willing to take risks and make bold decisions, which can lead to substantial rewards. Successful entrepreneurs possess a clear vision of their business and have the ability to think ahead and plan for the future.
They are also adaptable and flexible, able to pivot and change course when necessary to stay ahead of the competition. They possess resilience and are able to bounce back from setbacks and failures. Successful entrepreneurs have a strong work ethic and are willing to put in long hours and hard work to achieve success.
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1.Why is knowledge of consumer behavior important to the marketer?
The knowledge of consumer behavior is extremely important to the marketer in order to provide the customers with best possible products and earning profit for himself sideways.
CONSUMER BEHAVIOR is the study of consumers and the processes they use to select the product. It particularly deals with the psychological of the customer i.e., What the think? What they want? What are the trends they are interested in? At what price do they feel comfortable? And so on.
When the marketer understands the mental state of the consumer then he/she becomes fit to earn and compete with his fellow marketers. This enables him to provide the customers with the products of their choice at reasonable prices. This is how he sustains in market and earns profit.
Example: a marketer understands that customers are attracted by discounts. So he would increase the actual cost of product and increase the discount price. The selling price is not changed but since the customer thinks he is getting more discount, he is attracted.
Consumer Behavior is of great significance to marketers because it helps them to survive in the industry. It helps them to analyze business trends and helps to keep up with their competitors. It also helps to retain their customers.
Consumer buying behavior refers to the analysis of consumers' actions when selecting whether to get a good that meets their needs. it's an investigation into how customers behave and what motivates them to purchase and use particular goods.
The study of consumer purchasing behavior is crucial for marketers because it helps them comprehend what customers anticipate from them. Understanding what prompts a consumer to get a product is useful.
The importance of consumer behavior to marketers is discussed below:
Consumer diversification: It's a technique used in marketing to set one consumer apart from a group of related consumers. This aids in creating a target market of consumers who exhibit the same or comparable behavior.Customer Retention: Consumer behavior is incredibly crucial for both attracting new consumers and keeping hold of current ones. A satisfied customer is more likely to form the same purchase in the future. Therefore, it's important to sell the product in a way that encourages repeat purchases from customers.Forecasting Demand Patterns: By doing a consumer behavior analysis, a business can avoid spending plenty of money and energy on creating a product that won't be popular with customers.Competitiveness: Understanding and handling the competition are made easier by studying consumer behavior. Your brand may have a competitive edge supported consumer expectations.Develop Unique New Technologies: Businesses continually exerting to increase the likelihood that their novel ideas or new products will succeed. Amongst the foremost crucial methods is to carry out a thorough and careful study of consumer behavior.Learn more about consumer behavior : https://brainly.com/question/9566137
What is the difference between final goods and intermediate goods?
A) Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use.
B) Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods.
Final goods and intermediate goods are terms used in economics to distinguish between different types of goods in the production process. Here's a breakdown of the difference between the two:
1. Final Goods:
Final goods are goods that are purchased by the end-consumer or user for their personal consumption or use. These goods are ready for consumption and do not undergo further processing or transformation before reaching the final consumer. Examples of final goods include food products, clothing, electronics, furniture, and vehicles. Final goods are the end result of the production process and are intended for final consumption or use.
2. Intermediate Goods:
Intermediate goods, on the other hand, are goods that are used as inputs in the production of other goods. They are not intended for final consumption but are instead used as raw materials, components, or capital goods in the production process. Intermediate goods undergo further processing or transformation before being included in the final goods. Examples of intermediate goods include raw materials like steel or wood, components like circuit boards or engines, and machinery or equipment used in production.
The key distinction between final goods and intermediate goods lies in their purpose and stage in the production process. Final goods are produced for the ultimate satisfaction of consumers' needs and are ready for consumption, while intermediate goods are used in the production of other goods and undergo further processing.
It's important to note that when calculating a country's Gross Domestic Product (GDP), only the value of final goods is considered. Intermediate goods are excluded to avoid double-counting, as their value is already included in the final goods they contribute to. By focusing on final goods, GDP provides a measure of the value of goods and services produced for final consumption in an economy.
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Bill's Auto Repair received a customer payment of $1,000. Which entry is appropriate with a compound journal entry
The appropriate entry with a compound journal entry is a debit to Cash Discounts arising from the customer paying within the discount window.
For instance, the receipt may be recorded by Bill's Auto Repair as follows:
Debit Cash $1,000Debit Cash Discounts $50Credit Accounts Receivable $1,050What is a compound journal entry?A compound journal entry involves more than one debit and more than one credit. it combines several journal entries. In this case, the customer could have paid $1,050 including Cash Discounts (of $50) allowed to the customer.
Thus, the appropriate entry for a compound journal entry may involve an entry for cash discounts.
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what service do you get from district administrative office?
Answer:
they ensure that there is maintenance of law and order
by mostly dealing with calamities
sorry if am wrong
You decide to attend college next fall. List 3 or more opportunity costs and 3 or more opportunity benefits of ading college next fall.
Answer:
Explanation:
Opportunity Costs for going to college
1. Cost of college tuition
2. Loss of income for getting a job right away instead of going to college
3. Time spend at college could be used of something else such as a hobby
Benefits for going to College
1. Getting a job with a higher salary
2. More job opportunities being available (i.e. jobs that require you be attending college or already have college degree)
3. Life experience you may gain attending college (such as mentoring from professors, joining clubs, etc.)
Haynes Automotive uses labor-hours as its base for calculating a predetermined overhead rate. Haynes had estimated the labor-hours for the year at 46,000 labor-hours. The estimated variable manufacturing overhead was $6.25 per labor-hour and the estimated total fixed manufacturing overhead was $1,026,260. The actual labor-hours for the year turned out to be 41,200. What was the predetermined overhead rate
Based on the information given the predetermined overhead rate is 31.89 per direct labor hour.
Predetermined overhead rateUsing this formula
Predetermined Overhead rate = Estimated manufacturing overhead / Estimated total labor hours
Let plug in the formula
Predetermined Overhead rate = [$1,026,260 + (46,000×6.25)] / 41,200
Predetermined Overhead rate =1,313,760/ 41,200
Predetermined Overhead rate = 31.89 per direct labor hour
Inconclusion the predetermined overhead rate is 31.89 per direct labor hour.
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