Answer:
$19,300
Explanation:
Calculation to determine the amount of job costs added to Work in Process Inventory during October
Using this formula
October Job costs=Raw material+Direct labour+Overhead
Let plug in the formula
October Job costs=$2,200+$5,700+($5,700*2)
October Job costs=$2,200+$5,700+$11,400
October Job costs=$19,300
Therefore the amount of job costs added to Work in Process Inventory during October is $19,300
Usage of accounting.
Please help with this, i need the usage of accounting.
The CEO of Skyco, a publicly-traded company that has been earning below-average returns, has been publicly criticized by shareholders for persuading the board of directors to give her interest-free loans, for having the company purchase and furnish a lavish apartment in Paris for her personal use on her twice-yearly trips there, and for excessive stock options. The CEO's behavior may be indication of
A) reasonably compensating a CEO.
B) a weak board of directors.
C) the laxity of institutional investors.
D) the difference in risk propensity between owners and managers.
Answer:
B) a weak board of directors
Explanation:
The board of directors of a company are elected group of people that represents the interest of shareholders of a company.
They provide oversight by meeting at intervals to set policies that will govern the company.
In the given scenario the CEO got interest-free loans, for having the company purchase and furnish a lavish apartment in Paris for her personal use on her twice-yearly trips there, and for excessive stock options.
This is with the consent of the board of directors and despite the company earning below-average returns.
It is a sign that the board of directors is weak and are not adequately representating the wishes of the shareholders.
Throughout human history we know that Group of answer choices all countries will eventually return to very low levels of real GDP per capita. None of the above. most countries were only able to establish a few decades of high levels of real GDP per capita. not until the early 19th century were a few countries able to establish sustained long-run economic growth. all countries were able to establish periods of high levels of real GDP per capita.
Answer:
not until the early 19th century were a few countries able to establish sustained long-run economic growth.
Explanation:
Industrial revolution (industrialization) can be defined as a period of significant change in economic and social manufacturing process characterized by the use of handicrafts and agrarian methods to the use of power-driven equipments and machines. Basically, the industrial revolution began in Great Britain (England) between 1760 to 1840 and eventually spread across other countries of the world.
Prior to industrialization, humans and animals were largely used as a means to generate power, execute tasks or do certain things during the production and distribution process.
However, in the advent of industrialization and technological advancement, machines were invented to replace human and animal power.
Some examples of such inanimate sources are Steam plants, Nuclear plants, Wind etc.
In human history, we know that not until the early 19th century were a few countries able to establish sustained long-run economic growth.
A mortgage broker advertises a 3.5% fixed payment on a 30-year loan implying that the offer was for a 30-year loan with a 3.5% fixed interest rate. The broker instead offered ARMs with an option to pay various amounts, including a minimum monthly payment that represented only a portion of the required interest. This is an example of a:
Answer:
Amortized loan
Explanation:
An amortized loan is a type of debt in which borrower prepares a schedule for the repayment of principal and interest. The schedule is prepared based on amortization rate and years to maturity. The amortization schedule calculates the minimum monthly payment which includes principal and interest.
you're the manager at company x and have been tasked with creating a plan that has the purpose of establishing specific objectives. this represents _____ planning
a. strategic
b. tactical
c. operational
d. contingency
explain hotel manager
Answer:
Hotel managers are responsible for managing employees and for planning, marketing , coordinating and administering hotel services such as catering and accommodation facilities.
Answer:
hotel manager is the one who oversees all respects of running hotel housekeeping general maintain to the budget
A merchant sued a company for breach of contract, alleging that the products she purchased failed to conform to contract specifications. Shortly before the trial was to begin, the merchant suffered a stroke that left her paralyzed and virtually unable to communicate. Her guardian was properly substituted as the plaintiff in the lawsuit. At trial, following presentation of the plaintiff's case, the company calls as a witness a priest to question him about a conversation he had with the merchant at a church fundraiser. In this conversation, the merchant told the priest in confidence that the products she received were actually quite functional, but that she had become aware of a lower price being offered by another vendor, and thus wanted to get out of her contract with the company. The plaintiff's attorney immediately objects on the basis of clergy-penitent privilege. How should the court rule on the objection
Answer:
Overruled, because the circumstances under which the merchant made the statement take it outside the scope of the privilege.
Explanation:
A clergy-penitent privilege is one that protects information that is divulged between a person and his priest. The matters discussed with the priest should be in his capacity as a spiritual adviser.
However in the given scenario they were in a social setting during casual conversation so it was not not in his role as spiritual adviser.
A clergy-penitent privilege will have applied if the conversation took place during confession or a counselling session.
The court should overrule the objection as the conversation is outside the scope of clergy-penitent privilege.
If a firm hires a currently unemployed worker, the opportunity cost of utilizing the worker's services is zero. This statement is A. false because the worker's new wages are an implicit cost. B. false because the worker's time otherwise spent in unpaid household work has value. C. true because the worker's time otherwise has no value. D. false because the worker's time otherwise spent in leisure activities has no value. E. true because the worker's new wages are a sunk cost.
Answer:
B. false because the worker's time otherwise spent in unpaid household work has value.
Explanation:
In the situation it is mentioned that the firm is presently unemployed workers also the opportunity cost should be zero with respect to the service of the worker so it should be false as the time of the workers rather spending in non-paid household work contains the value
So as per the given situation, the option b is correct
Deanna, the human resource manager of a firm, is planning how to support a strategy of empowering employees. Currently, jobs are grouped based on different functions, such as customer service, manufacturing, and packaging. Deanna is considering a redesign in which members of various functions work in divisions responsible for a particular customer group. In what way could this redesign support the goals for employee empowerment
Answer: Employees' responsibilities will be more broadly defined and focused on higher-level goals.
Explanation:
Every organization have their method of working amongst themselves, some work as a team, e.g Engineers, Accountant's e.t.c While others work in a similar way but some little twerk to the style.
Deanna is considering a redesign in which members of various functions work in divisions responsible for a particular customer group, this would make employees' responsibilities more broadly defined and focused on higher-level goals.
Despite this is good, it has its demerit, the employees may grow well in their specialized field due to they work on a broad scope.
Stockmaster Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (8,000 units) $ 320,000 Variable expenses 192,000 Contribution margin 128,000 Fixed expenses 121,600 Net operating income $ 6,400 The margin of safety in dollars is closest to: Multiple Choice $121,600 $128,000 $6,400 $16,000
Answer:
$16,000
Explanation:
Calculation to determine what The margin of safety in dollars is closest to
First step is to calculate the Contribution margin ratio using this formula
Contribution margin ratio=Contribution margin/Sales
Let plug in the formula
Contribution margin ratio=(128,000/320,000)
Contribution margin ratio=0.4
Second step is calculate the breakeven sales using this formula
Breakeven sales=(Fixed cost/Contribution margin ratio)
Let plug in the formula
Breakeven sales=121600/0.4
Breakeven sales=$304,000
Now let determine the Margin of safety using this formula
Margin of safety=Total sales-Breakeven sales
Let plug in the formula
Margin of safety=320,000-304,000
Margin of safety=$16,000
Therefore The margin of safety in dollars is closest to: $16,000
Which of the following describes accrued revenue? (Check all that apply) Multiple select question. The adjustment causes an increase in an asset account and an increase in a revenue account. Accounts receivable is usually increased when accruing revenues. Adjustments involve increasing both an expense account and a liability account. They refer to revenues that are earned in a period, but have not been received and are unrecorded. They refer to earnings which have been earned but not yet billed.
Answer:
The adjustment causes an increase in an asset account and an increase in a revenue account. Accounts receivable is usually increased when accruing revenues. They refer to revenues that are earned in a period, but have not been received and are unrecorded. They refer to earnings which have been earned but not yet billed.Explanation:
Accrued revenue refers to cash earned for selling a good or delivering a service yet the cash has not been received and the transaction was not recorded in the books as revenue. This means that the cash has been earned but it has not been billed to the customer it was earned from.
When the books are being adjusted for this, the accounts receivable - which is an asset account - will increase to show that cash is owed. Revenue will also increase as this was cash earned from delivering a good or service.
Lily would like to gather more information about investing in stock. What resources can she use to find out more information
Answer:
The correct answer is C
Explanation:
C or the third answer gives the most comprehensive answer.
A full-service stock broker can give profesional, tailor-made advise, but this person could also have less depth than a book, which would be the most comprehesive information source.
Financial articles and financial advisers can also serve this purpose, by providing brief information in more specific topics.
Saving is:a) the difference between real GDP and disposable income while savings is the difference between disposable income and consumption spending.b) the amount one does not consume in a given period of time while savings is the accumulation of past periods of saving.c) the difference between disposable income and spending on goods and services while savings is the difference between real GDP and disposable income.d) the accumulation of past periods of savings while savings is the amount of disposable income that is not consumed in a given period of time.
Answer:
b
Explanation:
Saving is the difference between disposable income and consumption
Saving = disposable income - consumption
for example, if disposable income is $1000 and consumption is $600. Saving is $400
the higher consumption is, the lower saving would be. the lower consumption is, the higher saving would be
Savings is the total amount of money saved over a period of time
The operating ratio for a PC insurer equals _________. A. loss ratio plus the ratios of loss adjustment expenses to premiums earned. B. loss ratio plus expense ratio plus dividend ratio. C. combined ratio minus dividends paid to policyholders. D. acquisition costs plus dividends paid as a proportion of premiums earned. E. combined ratio after dividends minus the investment yield.
Answer:
. E. combined ratio after dividends minus the investment yield
Explanation:
The operating ratio for a PC insurer
can be regarded as the comparison of total expenses of a company compared to net sales generated or the generated revenue. The operating ratio gives the measurement of a overall operational profitability of a firm from both underwriting as well as investment activities. It can be calculated by finding the ratio of
(property's operating expense after substraction of depreciation) and ( the gross operating income). It should be noted that The operating ratio for a PC insurer equals combined ratio after dividends minus the investment yield.
Otis, the manager of a camera store, believes that his store may be closed by corporate in the near future, so he cannot sleep well at night and he is dealing with severe anxiety
and irritability, and he has been ill several times this month. Several times Otis has
missed important details in his job, and he almost got in an automobile accident this morning. The district manager is coming today to do his bimonthly evaluation of Otis's store. Although Otis usually performs well, he is worried about this one. His district manager may be influenced by ________ bias.
A) hindsight
B) sunk-cost
C) availability
D) framing
E) overconfidence
Answer:
no lseo
Explanation:
menos
Indicate the effect of each transaction on the accounting equation by choosing the appropriate letter from the following list: Increase in an asset, decrease in another asset. Increase in an asset, increase in a liability. Increase in an asset, increase in owner's equity. Decrease in an asset, decrease in a liability. Decrease in an asset, decrease in owner's equity.
Answer:
Increase in an asset, increase in owner's equity.
Explanation:
Accounting equation is assets + liabilities = owners stockholders equity. The investment of owners in the company will increase the assets as when the company borrows money from the banks the company assets also raise equity.in Chapter 7 bankruptcy a debtor
A) Is required to draw up a petition listing all assets and liabilities
B) dose not have to pay a filing fee
C) is absolved of alimony and child support payments
D) dose not have to repay educational loans
Answer: A. is required to draw up a petition listing all assets and liabilities.
Explanation:
Bankruptcy simply refers to the legal whereby an economic entity is unable to repay their outstanding debts. In this case, the individual or business will need to sell its remaining assets in order to pay the liabilities.
Due to the above reason, then the debtor will be required by the government to list all of their assets and the liabilities that it owns and this will be used in determining whether the obligation has been fulfilled or not.
When increasing production from 12 comma 000 computers to 15 comma 000 ​computers, the​ company's average cost of production will A. increase from ​$10.10 to ​$10.40 due to the​ learning-curve effect. B. increase from ​$16.80 to ​$18.90 due to the​ learning-curve effect. C. decrease from ​$10.40 to ​$10.10 due to diseconomies of scale. D. decrease from ​$10.40 to ​$10.10 due to the​ learning-curve effect. E. increase from ​$16.80 to ​$18.90 due to economies of scale.
Answer:
When increasing production from 12,000 computers to 15,000 computers, the company's average cost of production will
D. decrease from $10.40 to $10.10 due to the learning-curve effect.
Explanation:
The learning-curve effect describes the learning-curve theory, which states that there is an improved performance of workers who are producing computers over time. The whole idea behind this theory is that the more workers produce computers, the better they will get at its production. In turn, this improved production performance will, in the long run, translate to both lower cost and higher output for the organization.
Seamus dropped out of school as a 16-year-old and needs to support himself, though he has few skills. He is a part-time employee at a department store earning minimum wage. Seamus wants to earn more, but hasn't been able to find a better job since he is without the right qualifications. He is having a hard time paying his rent and his mounting bills. He even started to skip breakfast to save on food costs. Seamus is having trouble meeting his
Answer:
Psychological needs
Explanation:
From the question, we are informed about the Seamus who dropped out of school as a 16-year-old and needs to support himself, though he has few skills. He is a part-time employee at a department store earning minimum wage. Seamus wants to earn more, but hasn't been able to find a better job since he is without the right qualifications. He is having a hard time paying his rent and his mounting bills. He even started to skip breakfast to save on food costs. Seamus is having trouble meeting his Psychological needs. Psychological needs can be regarded as autonomy as well as competence and relatedness which has been regarded as one that play an important role when it comes to well-being as well as motivation and life satisfaction , even vitality of people as regards their general and daily level activities. These needs could be getting needed pleasure as well as avoiding pain.
It is well-known that retaining an existing customer is far less expensive than acquiring a new one, so you suggest that the owners begin by calculating share of customer to identify opportunities to sell more products to existing customers. Before you can calculate Camp Plus's share of customer, you need to determine what type of data you need to gather. What data sources will you need to utilize to calculate share of customer
Answer:
internal and external data
Explanation:
Big Data analysis can be regarded as one that contains massive amounts of data as well as complex analysis.
Internal data can be regarded as information that is been generated from within the business these could contains some areas like operations as well as maintenanc and personnel.
External data on other hands are attributed to the market, as well as from customers and from the firms competitors, it could be gotten from survey. All for increasing profitability.
how is land a subject of diminishing return?
Answer:
Please mark my answer as brainest answer
Explanation:
Land is a subject of diminishing return because land is being fixed and can't be increased or reduced as per the choise pf agriculturist.
Please thank me and vote me also please follow me and don't forget to mark my answer as brainest answer.
haley is helping to choose members for a customer satisfaction team which of the following employees demonstrate skill in focusing on the team's purpose?
Answer: Jesse constantly looks for better ways to solve problems for customers
Explanation:
Customer satisfaction refers to the measurement which deals with the happiness and satisfaction of customers with the product and service of a company.
Since Haley is helping to choose members for a customer satisfaction team, then the employee who can help the team focus on the its purpose is Jesse who constantly looks for better ways to solve problems for customers.
On January 1, 2008, Gilson Corporation issued for $1,030,000, one thousand of its 9%, callable $1,000 bonds. The bonds are dated January 1, 2008, and mature on December 31, 2022. Interest is payable semiannually on January 1 and July 1. The bonds can be called by the issuer at 102 on any interest payment date after December 31, 2012. The unamortized bond premium was $14,000 at December 31, 2015, and the market price of the bonds was 99 on this date. In its December 31, 2015, balance sheet, at what amount should Gilson report the carrying value of the bonds
Answer:
$1,014,000
Explanation:
Calculation to determine at what amount should Gilson report the carrying value of the bonds
Bonds carrying value=1,000 *callable $1,000 bonds)+Unamortized bond premium $14,000
Bonds carrying value=$1,000,000+$14,000
Bonds carrying value=$1,014,000
Therefore what amount should Gilson report the carrying value of the bonds is $1,014,000
I have a very quick question. So im applying for Early college and i need some future educational goals and maybe im just thinking about it too much but what are some goals?? like are they asking for what i plan on doing in my future as in job?? Or what??
Answer:
Explanation:
They are pretty much asking what you want to pursue. For example, if you are going for a career in Information Technology, one of your goals may be learn Robotics or Artificial Intelligence. Another goal may be to learn the necessary skills and work for a startup. The goals are anything that you want to achieve, and in this case it would be related to the field that you are going to study in the college that you are applying to. Therefore, simply write what you think you want your life to be like in the future with what you learn in college.
In the summer of 2002, Kelly Flatley and Brendan Synnott joined forces to launch a homemade granola business out of Flatley's parents' home. They had no advertising budget, so they had to find other ways to let consumers know about Bear Naked Granola. The entrepreneurs went door-to-door to small specialty and natural food stores. They also set up tables and tents at community events and 5K charity runs where they gave away samples of their granola. From this information, you can infer that Flatley and Synnott used the _____ method for promoting their product.
Answer: all available funds
Explanation:
From the information given in the question, it can be infer that Flatley and Synnott used the all available funds method for promoting their product.
This all available funds method is the allocation of all the available profits for advertising purposes. It is an aggressive method as it can invoice moving door to door or doing at other means in order to promote a product. It is useful when a new company wants to increase the consumer awareness with regards to its products or services.
Annabey Inc., a small candy manufacturing company established in 1937, now has several large units that sell unique flavors of candies and assorted chocolates. When the company started out in 1937, it initially experienced slow growth as it was selling brand new products in the market, but later on, their sales picked up at a drastic speed when customers decided to try their products. The CEO of Annabey credits its growth to all the customers who love their candies and chocolates. Which of the following factors of inimitability is best reflected in this scenario?
A. Positive network externality
B. Time compression diseconomy
C. Virtuous circle
D. Complexity
Answer:
A
Explanation:
Network externality describes the effect a good or service has on a consumer when other consumers are also making use of the product
Positive network externality occurs when the marginal benefit of making use of a good increases as more users make use of the good
An example of Positive network externality is a social media platform. As there are more users on the site, you have more people to interact with.
For Annabey Inc., their growth increased when their their consumer based increased. As more people tried their product and liked it, they recommended the product to more people. this would increase their sales
Pete, a human resource intern, was given an assignment by his manager that meant he must obtain information from other departments to complete it, but some departments refused to share information with an intern. Pete was frustrated because he did not have the power to get the information he needed. In the context of this situation, Pete's manager made the mistake of
Answer:
assigning responsibility without delegating adequate authority.
Explanation:
Since in the situation it is given that the some department deny to share the information with an intern due to which pete got frustated so here the manager of the pete should done the mistake of responsibility assigning that should be without delegating to the adqequate authority
So as per the given situation, the above statement should be the answer
a. Suppose there is a surge in consumer confidence that creates an increase in aggregate demand in the economy. The Federal Reserve estimates that a change in the money supply of $120 billion will adjust interest rates enough to offset the change in aggregate demand. If the reserve requirement is 25%, what action should the Fed take to reach the desired change in the money supply?
The Fed should conduct an (open market purchase / open market sale) of $______ billion.
b. Suppose there is a political crisis in Europe that causes a reduction in investment demand in the United States. To stimulate investment demand, the Federal Reserve decides the money supply needs to change by $150 billion. If the reserve requirement is 10%, what action should the Fed take to reach the desired change in the money supply?
The Fed should conduct an (open market purchase / open market sale) of $_____ billion.
Answer:
a. Open market sale of $30 billion
b. Open market purchase of $15 billion
Explanation:
A borrower attends a seminar on how to get rich by investing in real estate with no money down. A third party encourages the borrower to invest in three real estate properties. Under the third party's guidance the borrower completes the applications and provides the specific documentation required. The borrower is unaware that the third party owned numerous properties in the name of an LLC and submitted applications on not just the three properties known to the borrower but on a total of 15 properties, this is an example of:
Answer:
Chunking
Explanation:
Chunking
chunking
This is simply known as the ways at which information is stored through the combination of small pieces of information into larger pieces.
Chunking in business is simply known also as the sale of properties at artificially inflated prices, pitched as investment opportunities to unknowly real estate investors who are promised improbably high returns and loan risks. The third-party therefore helps the investor and may use the investor's information to apply for loans at multiple institutions and then retain the proceeds leaving the borrower with multiple loans that cannot be repaid
There are a lot of fraud scheme usually includes a "get rich quick" real estate seminar. It occurs when a third party convinces an uninformed borrower to invest in a property (or properties), with no money down and with the third party acting as the borrower's agent. The third party is also the owner of the property or part of a larger group organizing the scheme.
In the Crane, maintenance costs are a mixed cost. At the low level of activity (90 direct labor hours), maintenance costs are $900. At the high level of activity (400 direct labor hours), maintenance costs are $2200. Using the high-low method, what is the variable maintenance cost per unit and the total fixed maintenance cost?
Answer:
$4.19 per unit ; $523
Explanation:
Below is the calculations:
Variable maintenance cost per unit = ($2200 -$900) /(400 hours – 90 hours)
Variable maintenance cost = $1300/310 labor hours
Variable maintenance cost = $4.19 per unit
Total fixed maintenance cost = $2200 – ($4.19 per unit x 400 hours)
Total fixed maintenance cost = $2200 -$1677
Total fixed maintenance cost = $523
