Glaston Company manufactures a single product using a JIT inventory system. The production budget indicates that the number of units expected to be produced are 186,000 in October, 194,500 in November, and 191,000 in December. Glaston assigns variable overhead at a rate of $0.70 per unit of production. Fixed overhead equals $143,000 per month. Compute the total budgeted overhead for October.

Answer:

b. $26,740

Explanation:

The computation of the total amount of overhead allocated is shown below:

overhead allocated is

= (actual direct labor hour × overhead rate per direct labor hour) + (Actual machine hour × overhead rate per machine hour)  

= (550 × 28) + (270 × 42]

= $15,400  + $11,340

= $26,740

hence, the total amount of overhead allocated is $26,740

Answer: What is the best way to get his service to his target customers

Explanation:

Market research is the process of determining how viable a product will be after research has been conducted in the market. This is vital in getting opinions of customers.

Marketing mix are the marketing tools which an organization can use in order to pursue its marketing objectives.

The question that should be asked about the marketing mix placement is "What is the best way to get his service to his target customers". This is vital in knowing the best method to use in making the product available to the customers.

Answer:

The correct answer is B) The value of taking care of her neighbours son for 60 minutes.

Explanation:

Opportunity Cost belongs more in the parlance of microeconomics and is used to describe the idea that one cannot have everything all the time. There are alternative ends competing for limited means. In order words, when we decide to take a course of action, in the hope of achieving a thing or getting a reward, there is always another benefit forgone.

So knowing that there is an opportunity that was foregone helps the microeconomist to think carefully about what they want to achieve using the limited resources at their disposal.

Further simplified, if I have $5 dollars to spend, and that amount can purchase either a cupcake or a cup of ice cream, the one I chose to buy becomes the opportunity taken, whilst the alternative forgone is the opportunity cost.

Therefore, the cost of an item is not just the amount of money for which it was purchased, but all other alternatives with which the same amount could have been purchased.

In the question above, Deidre would have chosen to babysit her neighbor's son. That to her is the next best use of her time, and therefore the opportunity cost. According to the question, she wouldn't have worked in the library even if she had nothing else to do. Hence, that does not pass as opportunity cost.

Opportunity cost must be an alternative choice and is very subjective.

Cheers!

Answer:

a. Arc price elasticity of demand = - 1. The demand is unit elastic.

b. Arc price elasticity of demand = - 5.40. The demand is elastic.

b. Arc price elasticity of demand = - 0.54. The demand is inelastic.

Explanation:

The formula for calculating arc price elasticity of demand is as follows:

Arc price elasticity of demand = Percentage change in quantity demanded / Percentage change in price ................ (1)

Where, based on the arc price elasticity of demand, we have:

Percentage change in quantity demanded = {(New quantity demanded - Old quantity demanded) / [(New quantity demanded + Old quantity demanded) / 2]} * 100

Percentage change in price = {(New price - Old price) / [(New price + Old price) / 2]} * 100

Therefore, we have:

a. When the price of milk increases from $2.25 to $2.50 per gallon, the quantity demanded falls from 100 gallons to 90 gallons.

Percentage change in quantity demanded = {(90 - 100) / [(90 + 100) / 2]} * 100 = -10.5263157894737%

Percentage change in price = {(2.50 - 2.25) / [(2.50 + 2.25) / 2]} * 100 = 10.5263157894737%

Substituting the values into equation (1), we have:

Arc price elasticity of demand = -10.5263157894737% / 10.5263157894737% = - 1

Since the absolute value of the arc price elasticity of demand is equal to 1, it implies that the demand is unit elastic.

b. When the price of paperback books falls from $7.00 to $6.50, the quantity demanded rises from 100 to 150.

Percentage change in quantity demanded = {(150 - 100) / [(150 + 100) / 2]} * 100 = 40%

Percentage change in price = {(6.50 - 7.00) / [(6.50 + 7.00) / 2]} * 100 = -7.40740740740741%

Substituting the values into equation (1), we have:

Arc price elasticity of demand = 40% / -7.40740740740741 = - 5.40

Since the absolute value of the arc price elasticity of demand is equal to 5.40 which is greater than 1, it implies that the demand is elastic.

c. When the rent on apartments rises from $500 to $550, the quantity demanded decreases from 1,000 to 950.

Percentage change in quantity demanded = {(950 - 1000) / [(950 + 1000) / 2]} * 100 = -5.12820512820513%

Percentage change in price = {(550 - 500) / [(550 + 500) / 2]} * 100 = 9.52380952380952%

Substituting the values into equation (1), we have:

Arc price elasticity of demand = -5.12820512820513% / 9.52380952380952% = - 0.54

Since the absolute value of the arc price elasticity of demand is equal to 0.54 which is less than 1, it implies that the demand is inelastic.

Answer:

The transactions are recorded when they incur and then there may be some changes in those transaction later on, they all are adjusted at month end with adjusting entries.

Explanation:

It is not possible for an accountant to continuously keep updating every transaction. They all are recorded at inception and then any changes made in those transactions are adjusted at the month end. All balance are reconciled and verified. There can be events which lead to changes to the transaction after the reporting date then these events are considered as events after reporting period and they are treated differently according to guidelines specified in IAS 10.

Answer:

$4

Explanation:

Earning per share (EPS) refers to earnings available to common shareholders which is divided by the weighted average number of common shares outstanding.

The weighted average number of shares outstanding equals the original 2 million shares plus 4/12 of the additional 600,000 shares.

The 4/12 weight is used because the new shares were only outstanding 4 months of the year.

Hence,

EPS = $8.8 million / [2 million + (4/12)(600,000)

EPS = $8.8 / $2.2

EPS = $4

Explanation:

A strategic plan for a restaurant should involve decisions regarding advertising and how customers view the restaurant from the outside. Your advertising strategy should address your customers in a way that is geared toward your primary demographic.

Answer:

The amount of Loan Jennifer can afford is $171,962.30.

Explanation:

This can be calculated using the formula for calculating the present value of an ordinary annuity as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV = Present value or the amount of Loan Jennifer can afford =?

P = Monthly payment for the mortgage = Monthly amount she can afford - Estimated monthly home insurance and real estate taxes = $900 - $175 = $725

r = Monthly nominal interest rate = Annual nominal interest / 12 = 3% / 12 = 0.03 / 12 = 0.0025

n = number of months = Number of years * 12 = 30 * 12 = 360

Substitute the values into equation (1) to have:

PV = $725 * ((1 - (1 / (1 + 0.0025))^360) / 0.0025)

PV = $725 * 237.189381504283

PV = $171,962.30

Therefore, the amount of Loan Jennifer can afford is $171,962.30.

Answer and Explanation:

Gain trust: Business relationship is sealed with trust. If you are able to make a business partner trust you, you are sure to keep doing business with them. Do not try to take advantage of them and be sure they ate not thinking in that direction.

Show interest in people: keeping up with people and always showing that you actually care, and want to assist in any way you can is a sure way to seal a client for life. Be family.

Work hard: you can not build business relationships if you are not a person that delivers. It doesn't matter if you are a nice person that always cares, if you cannot bring results and be trusted to deliver you cannot have any useful business relationship. This is the most important strategy.

Networking: networking is a popular form of building business relationships. Formal occasions, conferences, informal hangout spots, the gym are all places where you can meet new people and start a business relationship.

Answer:

b

Explanation:

A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopolistic competition has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.

An example of monopolistic competition are restaurants  

When firms are earning positive economic profit, in the long run, firms enter into the industry. This drives economic profit to zero

If firms are earning negative economic profit, in the long run, firms leave the industry.  This drives economic profit to zero

in the long run, only normal profit is earned

The product-variety externality: When new firms enter into an industry, competition drives price down. This increases consumer surplus. As a result, entry of firms into an industry results in a positive externality on consumers.  

The business-stealing externality: When a new firm enters into an industry, existing firms lose customers and profits fall. As a result, entry of a new firm results in a negative externality on existing firms.

Answer:

4.24%

Explanation:

The computation of the after tax cost of debt is given below:

But before that we have to determine the before tax of debt by using RATE formula

Given that

Future value be $100

Present value be $105

PMT is $100 × 6.5%  = $6.5

NPER is 20

The formula is

=RATE(NPER,PMT,-PV,FV,TYPE)

After applying the above formula, the before tax cost of debt is 6.06%

Now the after tax cost of debt is

= 6.06% × (1 - 0.30)

= 4.24%

Answer:

1. Functional

2. Divisional

3. Matrix

4. Flat

Explanation:

Have a nice day :)

Answer:

Four main organizational structure types are:

I. Functional

II. Divisional

III. Matrix

IV. Flat

Explanation:

I. Functional Structure:

Employees performing similar or similar tasks are grouped together in this structure. For example, the financial department consists of accountants, and the same is true in the departments of marketing, operations, and human resources. This structure makes quick decision-making possible because the members of the group have the same skills and interests to communicate easily and can improve their capacities by learning from each other.

II. Divisional Structure

This structure groups employee's by-products or projects that satisfy the requirements of a certain customer type. For example, a catering service restaurant could structure the staff in different departments, such as a wedding service or a department of wholesale retail services. Workers are divided in order to achieve maximum efficiency.

III Matrix Structure:

A matrix structure has a complex story structure since it combines both functional and divisional elements. It first divides employees by specialization, then divides them into departments by project and product. A lot of planning and effort is needed to make this structure but one e has increased the team's productivity, encourages innovation and creativity, and good decision-making.

IV Flat Structure:

The traditional top-down management system is prevented by a flat organizational structure. No concept of boss is in place, every employee is their own boss, eliminating bureaucracy and enhancing direct communication. An employee with an innovative idea or proposal, for example, does not contact every level of senior management in order for the manager to get the idea. The staff can communicate with each other directly at a peer level.

Answer:

Explanation:

There are various ways in which professional, responsible, ethical and

effective business practice should be conducted. Five of them are:

1. Payment of fair wages and salaries to employees

2. Equal treatment among workers

3. Accountability and responsibility on business decisions made from top to bottom or managers to workers

4. Provision of quality goods and services to the masses

5. Transparency, including adequate internal controls, monitoring, and evaluation.

Answer:

a. To increase Land - Debit

b. To decrease Cash - Credit

c. To increase Fees Earned (Revenues) - Credit

d. To increase Office Expense - Debit

e. To decrease Unearned Revenue - Debit

f. To decrease Prepaid Rent - Credit

g. To increase Notes Payable - Credit

h. To decrease Accounts Receivable - Credit

i. To increase Common Stock - Credit

j. To increase Store Equipment - Debit

Explanation:

Debit gives details of spending, sum owed , amount to balance which is usually recorded to the left side of an account entry book while credit gives the details of income, amount earned or made on sale, spending cut and revenue and is usually placed to the right hand column of an account entry.

Candice is a delightful young lady

Answer:

A strong ,courageous, beautiful , educated woman

Answer and Explanation:

The journal entries are shown below:

On Jan 1, 2014

Unearned compensation Dr. $45,000

        To paid in capital in excess of par  $35,500

        To common stock  $9,500

(Being the unearned compensation is recorded)  

On Dec 31,2014

Compensation expense Dr.  $15,000 ($45,000 ÷ 3 years)

         To unearned compensation $15,000

(Being one year compensation became due is recorded)  

Answer:

E)Systems model of change

Explanation:

These are the options for the question

A)Organizational structure plan

B) social factors method

C) Organizational arrangements

D)Three stage model of planned change

E)Systems model of change

Best Buy are known with selling of consumer electronics as well as a variety of related merchandise.

Systems model of change can be regarded as a model that focus on big picture perspective of change. The model is base on interaction that exist among the key components of change.

The Systems Model of Change can also known as Organization-Wide Change which focus on the fact that there must be implementation of a change organization-wide and not a implementation in piecemeal

Main components that made up of systems model of change are;

✓target elements of change

✓inputs

✓ strategic plans

✓outputs

Answer: 10%

Explanation:

Using the Gordon Growth Model, the price of a stock can be calculated as follows:

Price = Next dividend / (Required return - growth rate)

Notice that we are provided with all the figures in the formula above except the growth rate so we can calculate the growth rate with these figures:

50 = 5 / (20% - growth rate)

50 * (20% - growth rate) = 5

20% - growth rate = 5 / 50

-growth rate = 10% - 20%

-Growth rate / -1 = -10% / -1

Growth rate = 10%

Answer:

The direct labor rate variance for November is $34,200

Explanation:

To find out the direct labor rate variance, we have to multiply the actual standard rate of direct labor into actual hours of direct labor used

Standard hourly rate of direct labor hour = $14.40

Actual direct labor hours = 5,000

Standard direct labor cost

= 5,000 × $14.40

= $72,000

Total factory wages are $42,000 in which direct labor is 90%

= $42,000 × 90%

= $37,800

Actual direct labor cost = $37,800

Therefore,

Direct labor rate variance = Standard direct labor cost - Actual direct labor cost

Direct labor rate variance

= $72,000 - $37,800

= $34,200

Answer:

$1454.99

Explanation:

Just did this question the other day

Answer:

Explanation:

MIRR equation is given by :

[(FV +ve cashflow / PV -ve cashflow)^(1/n)] - 1

FV +ve cashflow = Future value of positive cashflow at reinvestment rate

PV - ve cashflow = Present value of negative cashflow at finance rate

n = number of periods

The Modified Internal Rate of Return is a devised modification for the Internal rate of return, IRR which gives rate of return on percentage and overcomes the limitations of the IRR formula.

Correct question options:

1 I.Fraudulent charity fund-raising is a widespread national problem.

II.The problem can be solved by a combination of government regulation and individual awareness.

2 I.At the top of the rainforest is the emergent layer, where trees can be 200 feet tall.

II.Below the emergent layer is the canopy, where vegetation is so dense that it filters out 80 percent of the sunlight.

III.Beneath the canopy is the understory, where trees are less than 12 feet tall and grow large leaves to collect the small amount of sunlight.

IV.At the bottom is the forest floor, where there are almost no plants because of the lack of sunlight.

3 I.Sonia Sotomayor is best known as the first Hispanic justice of the U.S. Supreme Court.

II.Sonia Sotomayor is also an accomplished communicator who has given hundreds of public speeches.

Answer:

1. Problem-solution pattern

2. Compare and Contrast

3. Sequence

Explanation:

Organizational models or structures are the various ways writers organize their ideas in their work in order to enable the reader better understand the write-up. Organizational models may depend on the type of essay or story being written. Example, an autobiography usually follows a sequence type of pattern. An article could also follow a problem-solution pattern as in the first example above.

Question Completion with Options:

o Stow the hairspray

o Raise an Andon

o Remove it and secure it with bubble wrap

o Place a Flammable sticker on the bottle

Answer:

What to do:

o Stow the hairspray

Explanation:

Stowing means the arrangement or placement of items, especially in a neat, compact way to enable easy retrieval when required.  Therefore, you should continue what you have started by arranging the bottle of hairspray where it belongs in the appropriate packing space.  Stowing ensures that items are properly arranged and put in their proper places or conditions when they are not in​ use.

Answer:

B

Explanation:

Beta measures systemic risk

Systemic risk are risk that are inherent in the economy. They cannot be diversified away. They are also known as market risk. examples of this risk include recession, inflation, and high interest rates.

The higher beta is, the higher the systemic risk and the higher the compensation demanded for by investors

the beta of a risk free asset is 1

If she wants to decrease the beta of her portfolio, she would want to decrease the riskiness of her portfolio. to do this, she should increase the weight of the risk-free asset and decrease the weight of the risky asset (stock)

Answer:

Technical Skills Technical skills involve skills that give the managers the ability and the knowledge to use a variety of techniques to achieve their objectives. ...

Conceptual Skills These involve the skills managers present in terms of the knowledge and ability for abstract thinking and formulating ideas. ...

Human or Interpersonal SkillsTechnical Skills Technical skills involve skills that give the managers the ability and the knowledge to use a variety of techniques to achieve their objectives. ...

Conceptual Skills These involve the skills managers present in terms of the knowledge and ability for abstract thinking and formulating ideas. ...

Human or Interpersonal SkillsTechnical Skills Technical skills involve skills that give the managers the ability and the knowledge to use a variety of techniques to achieve their objectives. ...

Conceptual Skills These involve the skills managers present in terms of the knowledge and ability for abstract thinking and formulating ideas. ...

Human or Interpersonal SkillsTechnical Skills Technical skills involve skills that give the managers the ability and the knowledge to use a variety of techniques to achieve their objectives. ...

Conceptual Skills These involve the skills managers present in terms of the knowledge and ability for abstract thinking and formulating ideas. ...

Human or Interpersonal SkillsTechnical Skills Technical skills involve skills that give the managers the ability and the knowledge to use a variety of techniques to achieve their objectives. ...

Conceptual Skills These involve the skills managers present in terms of the knowledge and ability for abstract thinking and formulating ideas. ...

Human or Interpersonal SkillsTechnical Skills Technical skills involve skills that give the managers the ability and the knowledge to use a variety of techniques to achieve their objectives. ...

Conceptual Skills These involve the skills managers present in terms of the knowledge and ability for abstract thinking and formulating ideas. ...

Human or Interpersonal SkillsTechnical Skills Technical skills involve skills that give the managers the ability and the knowledge to use a variety of techniques to achieve their objectives. ...

Conceptual Skills These involve the skills managers present in terms of the knowledge and ability for abstract thinking and formulating ideas. ...

Human or Interpersonal SkillsTechnical Skills Technical skills involve skills that give the managers the ability and the knowledge to use a variety of techniques to achieve their objectives. ...

Conceptual Skills These involve the skills managers present in terms of the knowledge and ability for abstract thinking and formulating ideas. ...

Human or Interpersonal Skills:

Answer:

True

Explanation:

Identifying your sources help your audience believe that your information is reliable.

The statement is True. Identifying your sources will help you to establish credibility.

You can increase your trustworthiness by: Being competent is being knowledgeable in your chosen subject. Giving accurate, verified facts is being honest. Responsibility for your choices and deeds.

Credibility is a crucial quality since it has the power to change people's habits, attitudes, and behaviors. Therefore, if a business, its representatives, or its brand lack credibility, others will be less inclined to trust what is being said or taught, making communication pointless.

You must be regarded as a reliable source of information and judgment by your team members if you want to build credibility. However, when it comes to establishing credibility, deeds speak louder than words. For instance, you risk losing people's confidence if you don't keep your word or make poor decisions without a clear plan.

Thus, Three factors trustworthiness, expertise, and dynamism were taken into consideration while evaluating the people we were working with when only considering their credibility.

Learn more about Credibility here:

https://brainly.com/question/8669599

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Answer:

the increase in Edison's Lights' operating profits would be  $400

Explanation:

Analysis of the effects of Accepting Lamp Land's offer

Sales (20,000 x $0.75)                                   $15,000

Less Incremental Costs :

Variable Cost (20,000 x $0.73)                     ($14,600)

Operating Profit                                                    $400

thus

If Edison's Lights were to accept Lamp Land's offer, the increase in Edison's Lights' operating profits would be  $400

Based on the various costs to make the light bulb, Edison's lights would see an increase in operating profits of $800.

The fixed costs would be the same throughout production so should be deducted:
= Average cost - fixed cost

= 0.83 - 0.12

= $0.71

The variable cost of making the bulb is $0.71 which means that the profit made on every bulb if sold at $0.75 would be:

= 0.75 - 0.71

= $0.04

The total profit would be:

= 20,000 bulbs x 0.04

= $800

Find out more on operating profits at https://brainly.com/question/14366117.

Answer:

$400,000

Explanation:

Calculation to determine How much would sales have to increase to justify the additional ad expense

Using this formula

Required sales=Additional advertising value/Fontribution margin

Let plug in the formula

Required sales = $120,000 / 0.3

Required sales = $400,000

Therefore How much would sales have to increase to justify the additional ad expense is $400,000

Answer:

97.4310

Explanation:

Forward rate = Spot rate * (1 + Rate of inflation in India)/(1 + Rate of inflation in US)

Spot rate in 5 years = 73.2115 * (1+0.08)^5/(1+0.02)^5

Spot rate in 5 years = 73.2115 * (1.08)^5/(1.02)^5

Spot rate in 5 years = 73.2115 * (1.4693281/1.104081)

Spot rate in 5 years = 73.2115 * 1.330815493

Spot rate in 5 years = 97.4309984657695

Spot rate in 5 years = 97.4310

Answer:

c

Explanation:

As a result of an increase in efficiency in production, there would be an increase in supply. As a result, there would be an outward shift of the supply curve. When the supply curve shifts outward, supply increases and prices of drugs fall.

On the other hand, if there is an inward shift of the supply curve, the supply of drugs would fall and the price of drugs would increase

Please check the attached image showing a graph of a decrease in supply