Economic expansion paves the way for rising living standards and increased product and service consumption.
What is the best way to define economic growth?Economic growth is defined as an increase in the output of goods and services per head of population over a specified period of time in the Oxford Dictionary. Increases in an economy's production capacity or potential GDP are referred to as economic growth. The main factor affecting changes in a society's standard of living—often determined by real GDP per capita—is the rate of economic expansion. 39 terms were just studied by you. Economic growth is crucial because it helps people satisfy their financial needs and decreases the impact of scarcity. The difference in growth rate could represent the difference between starving and simple hunger, which would be of significant significa
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How many parts are there to MEDICARE? Please list and define the parts of MEDICARE
There are four parts of the MEDICARE which are - Part A, Part B, Part C, and the Part D.
There are in total four parts of MEDICARE: Part A, Part B, Part C, and Part D. These four parts are classified as, Part A - which provides inpatient / hospital coverage, Part B - provides outpatient / the medical coverage, Part C - offers an alternate way in order to receive one's Medicare benefits, and Part - D provides prescription drug coverage.
So here generally, the different parts of Medicare tend to help in order cover the specific services. Whereas, here the most beneficiaries tend to choose in order to receive their Part A and B benefits through the Original Medicare.
Hence, so unless you choose otherwise, you will have Original Medicare.
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amc theaters offers customers a package that includes two movie tickets, two small drinks, and one small popcorn, all priced together at $29.99. this pricing technique is called:
Customers may purchase a bundle at AMC cinemas for $29.99 that includes two movie tickets, two small beverages, and one small bag of popcorn. Price bundling is the name of this pricing strategy.
In order to provide two or more items at a cheaper price than if they were sold separately, this marketing tactic is known as price bundling. The package pricing method is well-liked in eCommerce and retail since it provides greater value for the money.
Customers are given a greater perceived value per purchase when prices are bundled. When clients buy a new product, giving them package discounts is a fantastic approach to earning their business.
When price bundling, businesses will sell two products for less than the total prices of the two products alone. Cable TV, mobile plans, and value meal combos from fast food restaurants are typical examples of bundle pricing.
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native american homeowners were much more likely than blacks to receive loans with unfavorable conditions such as prepayment penalties and high interest rates. true false
It is false that native american homeowners were much more likely than blacks to receive loans with unfavorable conditions.
Any member of the indigenous peoples of the Western Hemisphere is referred to as a Native American, also known as an American Indian, Amerindian, Amerind, Indian, aboriginal American, or First Nation person.
However, the term is frequently used to refer only to those groups whose original homelands were in what is now Canada and the United States. While some original American tribes were agricultural peoples, many of them were hunting and gathering societies.
In addition to a wide range of semidomesticated species of nut- and seed-bearing plants, American Indians domesticated a wide range of plants and animals, including corn (maize), beans, squash, potatoes and other tubers, turkeys, llamas, and alpacas.
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a pharmaceutical representative has given you a series of $20 gifts over the course of 1 year with a total value at $60. according to the government ethics guideline what must you do?
according to the government ethics guideline a government employee must not accept unsolicited gifts having a total market value of more than $ 50 in one calendar year.
The aggregate market value of individual gifts received from any one person under the authority of this paragraph may not exceed $50 in a calendar year. An employee may accept uninvited gifts with an aggregate market worth of $20 or less per source on an occasion. Gifts of money or financial interests like stocks, bonds, or certificates of deposit are not covered by this exclusion.
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wald corp. allows its employees to purchase shares at a 10% discount. during the current month, employees purchased 1,000 shares for $22.50 per share. wald should recognize compensation expense of
Wald should recognize share based compensation of $2400 on 1000 shares .
What is share based compensation ?
The practice of providing employees with shares of company stock in addition to their cash wages (salaries and bonuses) is known as stock-based compensation, sometimes known as equity- or share-based pay. Employees are typically given stock options or restricted stock as compensation.
Companies can use stock options as a form of pay for their staff. Employees holding stock options should be aware of whether their shares are fully vested and will continue to hold their value even if they leave their position with the company. Even if the employee received equity pay, if the stock is subject to tax holding, the tax must be paid in cash since tax repercussions dependent on the actual market value of the stock.
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when coverage is provided under the additional coverages of section ii of a homeowners policy, payments are:
Under section 2 coverages provided are
Claim expensesfirst aid expensesdamage coverageloss assessment chargesliability for damage to third persondamage to property of others ( $1000)What do you mean by section ii of a homeowners policy?
Homeowners insurance policy-section ii (liability coverage) section providing protection under three coverages
Coverage E (Personal Liability)coverage in the event a suit is brought against the insured because of bodily injury property damage resulting from the acts or non-acts of the insured.It deals with various fines, coverages that need to be paid by the people.
Hence, the above factors explains our answer.
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in the late 1990s, the worldwide vitamin cartel with over $5 billion of sales included (select all that apply):
'in the late 1990s, the worldwide vitamin cartel with over $5 billion of sales included Coca-Cola.
The vitamin cartel is the most comprehensive and damaging criminal cartel conspiracy The Division has ever uncovered. Members of the vitamin cartel agreed on how much product each company would produce, how much it would charge, and the customers it would sell to. Its discoverer was Casimir Funk, considered the "Father of Vitamin Therapy".
The role vitamin D plays in so many bodily functions and the alarming number of people who are deficient in vitamin D make it the most important vitamin for the whole body and we may not be getting enough of it. is higher.
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currency futures contracts sold on an exchange contain: a. a commitment to the owner, and are standardized. b. a commitment to the owner, and can be tailored to the owner's desire. c. a right but not a commitment to the owner, and can be tailored to the owner's desire. d. a right but not a commitment to the owner, and are standardized.
Option a.) Commitment to Owner. This is standardized. Because this commitment helps us achieve our goals when obstacles stand in our way, in good times and bad. Engagement has two factors, he said, importance and competence.
Motivation or commitment to work is defined as the level of enthusiasm employees have for their assigned tasks at work. It is an individual's sense of responsibility for the goals, mission, and vision of the organization to which they belong. Motivation or commitment to work is defined as the level of enthusiasm employees have for their assigned tasks at work. It is an individual's sense of responsibility for the goals, mission, and vision of the organization to which they belong.
Responsibility means making continuous improvements in your role, rather than being satisfied with the status quo and holding your position.
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lucas will receive $7,100, $8,700, and $12,500 each year starting at the end of year one. what is the future value of these cash flows at the end of year five if the interest rate is 9 percent?
The cash flows' future value at the end of year five, assuming the interest rate at the end of the year.
(FV= [7100x (1+0.4] + [8700x (1+0.09^3)] + [12500x (1+0.09^2)])
What is the appropriate formula for determining FV?
PV n PV = Present Value = Future Value (FV).r is the percent interest rate, and n is the number of compounding periods.
In project management, what is FV?
The value of a given amount of money in the future is referred to as its future value. You can use the FV formula, for instance, to figure out how much $100 would be worth in ten years if you had it today.
What is an asset's FV?
The estimated price at which an asset is purchased or sold when the buyer and seller freely agree on a price is known as fair value. The fair value of an asset can be determined by comparing the asset's current market value, growth potential, and replacement cost.
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two items are omitted from each of the following three lists of cost of goods sold data from a manufacturing company income statement. determine the amounts of the missing items, identifying them by letter. finished goods inventory, june 1 $72,300 $25,300 (e) cost of goods manufactured 368,700 (c) 88,600 cost of finished goods available for sale (a) $240,400 $139,200 finished goods inventory, june 30 85,600 50,500 (f) cost of goods sold (b) (d) $128,100
According to the given information, the missing value costs are (a) = $ 441,000, (b) = $ 355,400, (c) = $ 315,100, (d) = $ 189,900, (e) = $ 50,600, (f) = $ 11,100.
Cost of finished goods available for sale = Beginning finished goods + Cost of goods manufactured
Cost of goods sold = Cost of goods manufactured - Ending Finished Goods
(a). $ 72,300 + $ 368,700 = $ 441,000
(b). $ 441,000 - $ 85,600 = $ 355,400
(c). $ 240,400 - $ 25,300 = $ 315,100
(d). $ 240,400 - $ 50,500 = $ 189,900
(e). $ 139,200 -$ 88,600 = $ 50,600
(f). $ 139,200 - $ 128,100 = $ 11,100
A cost is the value of money that has been expended in the production or delivery of a good or service and is therefore no longer available for use in accounting, retail, research, or accounting. In business, the cost may be one of acquisition, in which case the cost is the sum of the money used to acquire it. In this instance, the input required to obtain the item is money. This acquisition cost could include both additional transactional costs incurred by the acquirer over and above the price paid to the producer, as well as the cost of production incurred by the original producer. In most cases, the price also includes a profit margin over the cost of production.Learn more about Cost, here
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aloha, inc., has 8 percent coupon bonds on the market that have 5 years left to maturity. if the ytm on these bonds is 10.12 percent, what is the current bond price?
The current bond price is N 5 x 2, I 10.12 / 2, PMT 40, FV 1000..... PV 918.39 having 8 percent coupon bonds on the market that have 5 years left to maturity.
What is bond price and what is the current bond price of aloha inc having 8 percent coupon bonds on the market?When a person willing to make a bond and a bond is made then the person needs to pay some amount for the bond.The price paid by the investors for the bond is what we call bond price and is expressed in terms of face value.Here the question is asked of if ytm on these bonds is 10.12 percent then what would be the current bond price.The answer would be the current bond price is N 5 x 2, I 10.12 / 2, PMT 40, FV 1000..... PV 918.39 having 8 percent coupon bonds on the market that have 5 years left to maturity.There is a specific way investors and the financial bond makers use to make bonds and for that is needed face value, ytm that is yield to maturity and number of periods till maturity.To know more about market visit:
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suppose the us and mexico both produce semiconductors and auto parts and the us has a comparative advantage in semiconductors while mexico has a comparative advantage in auto parts. also suppose the us has an absolute advantage in the production of both semiconductors and auto parts. the us should
The US should export semiconductors to Mexico and import auto parts from Mexico.
According to the comparative advantage theory, even if one country can produce all goods more affordably than another, both countries can still trade in a way that is advantageous to both parties. According to this theory, relative effectiveness is important. Therefore, when the US has a comparative advantage in producing semiconductors and Mexico has a comparative advanatge in producing auto parts, they both should export their products to other nations while benefitting both the nations.
Given all the products it can produce, a country has a comparative advantage in one that it can produce more effectively. The country that has the comparative advantage should focus on producing that good.
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Complete question is:
Suppose the U.S. and Mexico both produce semiconductors and auto parts and the U.S. has a comparative advantage in semiconductors while Mexico has a comparative advantage in auto parts. Also suppose that the U.S. has an absolute advantage in the production of both semiconductors and auto parts. The U.S. should:
A. not trade semiconductors and auto parts with Mexico.
B. import semiconductors from Mexico and export auto parts to Mexico.
C. export semiconductors to Mexico and import auto parts from Mexico.
D. export both semiconductors and auto parts to Mexico.
nonconstant growth storico co. just paid a dividend of $3.65 per share. the company will increase its dividend by 20 percent year and will then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent dividend growth, after which the company will keep a constant growth rate forever. if the required return on the company's stock percent, what will a share of stock sell for today?
If the company continues to grow at its current rate indefinitely, a share of stock will be sold for 71.03 today. if the required percentage return on the company's stock.
A security that denotes ownership of a portion of the issuing company is share referred to as a stock, also known as equity. Shares, which are units of stock, entitle their owners to a portion of the company's assets and profits based on how many shares they own.
The cornerstone of many individual investors' portfolios, stocks are primarily bought and sold on stock exchanges. Government rules aimed share at shielding investors from dishonest practices must be followed when trading stocks.
D0 = 3.65
D1 = 3.65( 1+ 0.20) = 4.38
D2 = 4.38( 1+ 0.15) = 5.037
D3 = 5.037( 1+ 0.10) = 5.5407
Value of Stock = D D2 + (1+r)2 D3(1+G) D3 r-G + (1+r)3 (1+r)3 (1+r)
where r = 0.12
G = 0.05
= 4.38 / (1 +0.12) + 5.037 / (1 +0.12)2 + 5.5407 / (1 + 0.12)3 + 5.5407(1+0.05) / 0.12-0.05 / (1 + 0.12) 3
= 71.03
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recently issued bonds that mature in 17 years. they have a par value of $1,000 and an annual coupon of 11.8%. if the current market interest rate is 10%, what is the current yield of this bond?
The current yield on his bond is 10.31%.
How much does interest cost?the portion of a loan that the borrower must pay as interest; this proportion is sometimes shown as an annual percentage of the loan balance.
example:
The rate informs you of the precise amount of interest you will earn or pay on a loan. For instance, $6 ($100 X 0.06) would be the interest on a $100 loan at a nominal interest rate of 6%. The interest rate does not change as the loan's size increases. The borrower would continue to pay 6% even if the debt rose to $1,000.
Information provided:
Face value = future value = $1,000
Time = 17 years
Coupon rate = 11.8%
Coupon payment = 0.118%*1,000 =$118
Yield to maturity = 10%
Enter the below in a financial calculator to computer the present value:
FV = 1,000
N = 17
PMT = 118
I/Y = 10
Press the CPT key and PV to computer the present value.
The value obtained is 1,144.39.
Therefor the price of the bond is $1,144.39.
Current yield = $118/$1,144.39*100
= 0.10*100
= 10.31%
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when new and/or improved goods become available, people change the types of goods and services they consume. this challenge to accuracy in cpi measurement is called multiple choice question. substitution. input-output inversion. institutionalization. innovation.
When new and/or improved goods become available, people's consumption patterns shift. This challenge to accuracy in cpi measurement is known as innovation.
A water footprint depicts the amount of water used in relation to human consumption. The water footprint of an individual, community, or business is defined as the total amount of fresh water needed to generate the goods and services consumed by the individual, community, or business. Water consumption is measured in terms of water volume consumed and/or contaminated per unit of time. A water footprint can be calculated for any well-defined group of consumers (e.g., an individual, family, village, city, province, state, or nation) or producers (e.g., a public organization, private enterprise, or economic sector), for a single process (such as rice cultivation), or for any product or service.
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michelle owns an independent bookstore and has observed that college graduates read more than people without degrees. she is considering offering a 10% discount on book purchases to customers who have a postsecondary degree. why might michelle's plan hurt rather than help her business? whether an individual has a postsecondary degree is not easily verifiable. high educational achievement is not a difficult-to-change characteristic. people with higher education typically earn more than others and so may have a higher willingness to pay. people who read more books are likely to have a higher willingness to pay than others.
People who read more books are probably more willing to pay than other people, which is why Michelle's plan might harm rather than benefit her business.
Businesses are organizations or enterprising entities involved in commercial, industrial, or professional activities. To coordinate some benefit form of economic production is the goal of a business. Businesses can be for-profit corporations or nonprofit groups with a charitable aim or advancing a social cause. From small, local businesses to large, global corporations, businesses range in size and scope.
Business also refers to the actions and endeavors made by people in order to produce and market goods and services for a profit. People who read more books are probably more willing to pay than other people, benefit which is why Michelle's plan might harm rather than benefit her business.
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When it comes to setting one's own quality standards, one must ensure they are.
profitable
written
measurable
reviewed
Safety, keeping a promise, and meeting basic customer expectations are all at stake.However, meeting quality standards frequently results in increased profits and decreased losses for businesses.
Those that go above and beyond quality standards stand out from their rivals and increase their profit and customer loyalty potential.
What exactly is meant by setting quality standards?
Definition of Quality Glossary:Standard.Documents that provide requirements, specifications, guidelines, or characteristics that can be consistently used to ensure that materials, products, processes, and services are suitable for their purpose are referred to as quality standards.
What four distinct components of quality standards are there?
To be effective, quality control management can be broken down into four key components:quality improvement, quality control, quality planning, and quality assurance
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krepps corporation produces a single product. last year, krepps manufactured 32,900 units and sold 27,500 units. production costs for the year were as follows: direct materials 253,330 direct labor 171,080 variable manufacturing overhead 289,520 fixed manufacturing overhead 592,200 sales totaled $1,168,750 for the year, variable selling and administrative expenses totaled $148,500, and fixed selling and administrative expenses totaled $227,010. there was no beginning inventory. assume that direct labor is a variable cost. the contribution margin per unit was:
The contribution margin is $16.6 per unit. To cover the credit risk the holder poses for the broker or exchange, an investor must deposit the margin with their broker or exchange.
Sales / All Sold Units = Selling Price Per Unit
= $ 1,043,000 / 22,200 Units
= $ 47 for per unit
27 770 units' total variable cost= direct material
= $16.6 per unit.
If an investor borrows money from their broker to purchase financial assets, borrows money to sell those same instruments for a loss, or enters into a derivative transaction, credit risk is created.
An investor who purchases an asset on margin does so by taking out a broker loan for the remaining amount. When an investor purchases an asset on margin, they make a smaller initial payment to the broker and put up collateral in the form of marginable securities in their brokerage account.
The contribution margin is $16.6 per unit.
To the above question and answer, please find the detailed solution attached.
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according to the quantity theory of inflation, how does an increase in the growth rate of the money supply affect the inflation rate in the long-run? explain in a structured manner using full sentences. (3pts)
An increase in the growth rate of the money supply affect the inflation rate in the long run is when the money supply is double, then the price level also double
The price level changes by the same amount as the change in the money supply when there is a rise in the money supply (M) but no corresponding increase in output (Y). The quantity theory of money provides a framework for understanding price fluctuations in relation to the availability of money in an economy, so production remains constant. It contends that inflation is caused by an increase in the money supply and vice versa. Monetarists contend that a sharp rise in the quantity of money can trigger a sharp rise in inflation. This is because there is too much money backing too little production of goods and services when money expansion outpaces economic output growth.
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Which of the following is most important for the team leader to encourage during the storming stage of group and team development?empowerment among memberssocializing among memberscelebration of accomplishmentsvoicing of disagreementscompeting the task
During the storming stage of group and team development, it is very important that the team leader encourage voicing of disagreements.
What happens in the storming stage?In the storming stage of a group and team development, it is very important that a team leader not only allows others to speak up, but encourages them to voice any disagreements they might have.
This is because the storming stage is the stage where the group comes up with the ideas that they are to pursue and so there is a need to ensure that most people in the group are onboard with the chosen plans.
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an acceptable construction of a composite for a firm that complies with global investment performance standards could include all discretionary, fee-paying portfolios that:
An acceptable construction of a composite for a firm that complies with global investment performance standards could include all discretionary, fee-paying portfolios that follow a capital preservation strategy.
What is Global Investment Performance Standards (GIPS)?
Global Investment Performance Standards (GIPS) are a collection of voluntary guidelines that investment managers employ all around the world to guarantee complete disclosure and accurate depiction of their performance. Investors should be able to compare one firm's performance to that of other firms thanks to the criteria.
The GIPS Executive Committee oversees the Global Investment Performance Standards, which were developed by the CFA Institute, a global association for investment management professionals.
The Association for Investment Management and Research-Performance Presentation Standards was the predecessor to the Global Investment Performance Standards (AIMR–PPS).
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edward, an executive of a global retail store, often takes deliberate steps to create a strong, favorable effect on his group members. he is always professionally dressed and works hard to build positive visions for his team members. this is an example of:
successful impression management is one the examples of an executive of a global retail store, who often takes deliberate steps to create a strong, favorable effect on his group members. he is always professionally dressed and works hard to build positive visions for his team members.
What is impression management?Impression management is the deliberate, conscious, or unconscious attempt to influence other people's perceptions of people, objects, or events through the regulation and control of information in social interactions.Impression management (also called self-representation) encompasses the processes that control how people are perceived by others. People believe that their public image is of value in achieving desirable goals, goals to which their impressions are relevant, and how they want to be perceived and how others perceive them. When we believe there is a discrepancy in what we are doing, we are more willing to control how others perceive us. When people are motivated to manage their impressions, the impressions they convey are based on the roles they convey and the norms in the social context, the personal values that are important to perceive, and how they are or be influenced by yourself. - concepts, and their desired and undesirable selves. Research on impression management has evolved in two different ways. One study focused on the factors that influence the types of impressions people to attempt to convey, while the other applied a perspective of self-representation that has been applied to the study of other psychological phenomena.The self-presentation perspective studies issues such as conformity, aggression, prosocial behavior, leadership, negotiation, social influence, gender, stigma, intimate relationships, emotional experiences, and mental and physical problems.to know more about impression management refer to:
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an overall capitalization rate (ro) is divided into which type of income or cash flow to obtain an indicated market value?
Cash flow to obtain an indicated market value Net operating income (NOI). The real estate professionals utilise the metric known as Net Operating Income, or NOI, to the swiftly determine the profitability of a certain venture.
After the deducting required operational costs, NOI calculates the revenue and profitability of invested real estate property. While net income is revenue less all expenses, both operational and non-operating, such as taxes, net operating income is revenue less all expenses Cash flow. Let's imagine, for illustration purposes, that you own a duplex with a gross monthly income of $2,000 and the monthly running expenses of $400.
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walmart has posted a job description for an open position focused on the following responsibilities: managing the merchandising of new products in the appropriate store areas; selecting appropriate shelving and display materials throughout the store; identifying needed store repairs. which type of organizational resource will this job manage?
Walmart has posted a job description for an open position focused on the following responsibilities, the physical type of organizational resource will this job manages.
responsibilities is the quality of being answerable, accountable, or in charge of something that is under one's management. Environmental, compliance, and customer service responsibilities are just a few of the obligations that all business owners must fulfill.
You are expected to carry out a responsibility. A task you are required to complete could be a responsibility. For instance, your parents anticipate that you will brush your teeth. a piece ofJob, particularly a specific task completed as part of one's daily routine at work or for a predetermined fee: He was given the task of mowing the lawn by her. an editorial position, whether full- or part-time: She was looking for employment. Jobs: Producers, Thinkers, Builders, Improvers, and
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when job 117 was completed, direct materials totaled $32,165; direct labor, $44,227; and factory overhead, $24,124. a total of 3,866 units were produced at a per-unit cost of a.$3,866 b.$76,392 c.$26 d.$100,516
With direct materials, direct labor, and factory overhead as $32,165, $44,227, and $24,124, respectively 3,866 units were created at a cost of $26 each unit. Hence, option (c) would be the correct choice of answer.
What is factory overhead?Factory overhead pertains to all costs that are associated with the production process and that are not directly related to labor or materials. Typically, factory overhead is gathered into cost pools and distributed to the units produced throughout the time period. When the created units are eventually sold as finished goods or written off, an expense is incurred. Direct costing avoids allocating production overhead to the number of units produced, whereas absorption costing requires it. In order to produce financial statements in accordance with the requirements of the main accounting frameworks, factory overhead must be allocated.
Listed below are some examples of factory overhead :
Pay for production supervisorsPay for quality assuranceWages for material managementFactory leaseindustrial utilitiesInsurance for factory buildingsFringe advantagesDepreciationSetup fees for equipmentequipment upkeepTo solve the question :
Given,
direct materials = $32,165
direct labor = $44,227
factory overhead = $24,124
total units = 3,866
Per unit cost = (direct materials + direct labor + factory overhead) /total units
= ($32,165 + $44,227 + $24,124) / 3,866
= 100,516/3,866
= 26
Hence, cost per unit is $26.
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nventory records for dunbar incorporated revealed the following: date transaction number of units unit cost apr. 1 beginning inventory 490 $ 2.40 apr. 20 purchase 370 2.68 dunbar sold 610 units of inventory during the month. ending inventory assuming fifo would be: (do not round your intermediate calculations. round your answer to the nearest dollar amount.)
Inventory records for Dunbar incorporated revealed the following: date transaction number of units unit cost Apr. 1 beginning inventory 490 $ 2.40 apr. 20 purchase 370 2.68 Dunbar sold 610 units of inventory during the month. ending inventory assuming FIFO would be $500.
The thought of inventory, stock, or work in process (or add progress) has been extended from manufacturing systems to service businesses and projects, by generalizing the definition to be "all work among the method of production - all work that's or has occurred before the completion of production".
within the context of a producing production system, inventory refers to all or any work that has occurred – raw materials, partly finished products, and finished products prior to sale, and departure from the manufacturing system. within the context of services, inventory refers to all work done prior to sale, as well as partially process information.
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this year mary received a $200 refund of state income taxes that she deducted on her tax return last year. mary included a total of $4,000 of state income taxes when she itemized deductions last year. what amount of the refund, if any, should mary include in her gross income this year? a) $200 is included because mary itemized her deductions last year. b) $200 is included if itemized deductions exceeded the standard deduction by $200. c) $200 is included because itemized deductions exceeded the standard deduction. d) $200 is included even if mary claimed the standard deduction. e) none of the choices are correct - refunds of state income taxes are not included in gross income.
Option b; $200 is included if itemized deductions exceeded the standard deduction by $200.
A deduction is a cost that can be taken out of a taxpayer's gross income to lower the amount of income that is taxable.
For instance, if you earn $50,000 a year and donate $1,000 to charity, you are qualified to claim a deduction for that amount, bringing your taxable income down to $49,000. An allowed deduction is a term frequently used by the Internal Revenue Service (IRS) to describe a deduction.
American taxpayers can choose between itemising their deductions and taking the standard deduction. It is simpler and involves less paperwork and record-keeping to claim the standard deduction.
Most taxpayers now use Form 1040, which has been updated by the Internal Revenue Service (IRS), which has abolished the outdated 1040A.
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the ceo of your company, an ohio-based low-cost casual shoe manufacturer with major international experience, has informed you, vp of international operations, of a potential legal/pr problem stemming from your subsidiary in honduras. it appears that the cfo of your honduran operations has been embezzling money, potentially in excess of one million us dollars. more troubling, this cfo has a family member who is a member of a major drug cartel. the embezzlement will go public later this month in a honduran newspaper. you need to decide how to handle this situation. what other issues and challenges do you anticipate? assess courses of action and make a recommendation.
The brand and the company's reputation may suffer significant harm when the word of the deception spreads. Various stakeholders will begin to lose faith in one another. The sales revenue can suffer as a result. Investors may decide to discontinue funding the business.
The actions and suggestions for handling this scenario are listed below. -
Apology: A fast public apology should be made by the corporation regarding the fraud since the embezzlement would be reported in the newspaper. The many stakeholders will value your initiative and genuineness.Appoint an external consultant: In cases of fraud, it is more desirable to use an external consultant to handle crises and manage public relations because stakeholders are more likely to believe a source from outside the organization.Fire the Guilty: In this situation, the CFO must be sacked right away and be subject to legal action. One communication: All of the company's executives who will speak with the press and government officials should share a single message on the incident.Assurance: A top-level manager's pledge that the matter will be immediately corrected would be helpful rather than just a public apology.Employee whistle-blower committee: The management must establish an employee whistle-blower committee in order to prevent such scams in the future.A crisis response team should be established for reputation management and damage control. A legal expert (a lawyer), a marketing team, and a PR team ought to be on the team. The CEO should direct this group in developing a strategy to restore the company's reputation. With a promise that there won't be any more mistakes, the organization should gradually gain the trust of all its stakeholders.
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the records of pippins, incorporated, included the following information: net sales $ 1,000,000 gross margin 475,000 interest expense 50,000 income tax expense 80,000 net income 240,000 compute the times interest earned ratio, rounded to the nearest decimal. multiple choice 4.8 6.4 7.4 20.0
The time interest earned ratio of the company was found to be 7.4 times to the expenses.
EBIT = Net Income + Interest Expense + Income tax Expense
= 240,000 + 50,000 + 80,000
= 370,000
Times Interest Earned Ratio:
EBIT / Interest Expense
= 370,000 / 50,000
= 7.4 times
Times interest earned ratio is a good way to measure a company's financial performance because it shows a company's ability to pay interest charges on its debts the ratio is calculated by taking a company's net income before interest and taxes and dividing it by the company's interest expense.
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kingbird inc has a master budget variance of $100, unfavorable and a flexible budget variance of $151 favorable. what is the sales activity variance for kingbird inc
Simply subtract the actual expenditure amount from the budgeted amount for each line item to determine variances in the budget.
Both a master budget and a flexible budget will have the same total fixed costs.
What distinguishes a flexible budget from a master budget?Static Budget: The budget is set up to only cover one level of production volume. A master budget is another name. A consolidated budget that is simple to calculate for a variety of production volume levels is called a flexible budget.
What is the formula for a flexible budget?Flexible budget equals fixed costs plus the ratio of the actual unit of activity to the variable cost per unit of activity.
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