Answers
Answer:
Explanation:
Plato Users
Production methods are standardized with no opportunity for individual initiative is known as lack of autonomy.
What are Production methods?A production process is a way to use economic resources, such as labor, expensive machinery, or land, to create goods and services for customers.
The manufacturing process typically addresses how to effectively and productively produce goods for sale so that clients can receive them fast without compromising the product's quality.
Depending on their manufacturing objectives, production volumes, and technology tools or software systems, organizations can use a wide range of production methods.
Making broad-based production decisions that have an impact on the productivity levels of product development and sales is a crucial component of the job of a manufacturing manager. Choosing the best production method frequently depends on the kind of technology you have access to.
For instance, without the right technology to track, categorize, or manufacture these products appropriately, you might not be able to adhere to a clear mass production structure if you receive a lot of orders for the same product.
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Related Questions
Effects Transaction a. The company pays cash toward an account payable. b. The company purchases equipment on credit. c. The owner invests cash in the business in exchange for its common stock. d. The company pays cash dividends to shareholders. e. The company purchases supplies for cash. f. The company provides services for cash.
Answers
Answer:
Transaction Effects on the accounting equation:
a. The company pays cash toward an account payable.
Asset (Cash) reduced = Liabilities (Accounts Payable) reduced + Equity
b. The company purchases equipment on credit.
Asset (Equipment) increased = Liabilities (Accounts Payable) increased + Equity
c. The owner invests cash in the business in exchange for its common stock.
Asset (Cash) increased = Liabilities + Equity (Common Stock) increased
d. The company pays cash dividends to shareholders.
Assets (Cash) reduced = Liabilities + Equity (Retained Earnings) reduced
e. The company purchases supplies for cash.
Assets (Supplies) increased and (Cash) reduced = Liabilities + Equity
f. The company provides services for cash.
Assets (Cash) increased = Liabilities + Equity (Retained Earnings) increased
Explanation:
The accounting equation shows that assets are always equal to liabilities and equity with each given business transaction. With the double entry system of accounting, each transaction has double effects on the accounting equation on one side or on both sides of the equation.
The effect transaction in this scenario is the owner invests cash in the business in exchange for its common stock. This transaction increases the company's cash balance and adds to its equity by increasing the owner's investment. Therefore, option c is correct.
In the context of accounting and finance, equity refers to the ownership interest in a business or organization. It represents the residual interest in the assets of the entity after deducting liabilities.
Equity can be in the form of common stock, preferred stock, or retained earnings. It reflects the claims of the owners or shareholders on the company's assets and represents their ownership rights.
Equity is an important component of a company's financial structure and plays a role in determining its value, financing options, and distribution of profits.
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Cartwright Brothers preferred stock has an annual dividend of $3.50 per share if the required rate of return on the preferred stock is 12% how much would you be willing to pay for one share of the preferred stock
Answers
Answer:
$29.17
Explanation:
Calculation for how much would you be willing to pay for one share of the preferred stock
Using this formula
Amount willing to pay=Preferred stock annual dividend/Required rate of return on preferred stock
Let plug in the formula
Amount willing to pay=$3.50 per share/0.12
Amount willing to pay=$29.166
Amount willing to pay=$29.17 (Approximately)
Therefore how much would you be willing to pay for one share of the preferred stock is $29.17
what do investors use the income statements of organizations for?
Answers
Hope it helps u..........!
Divisional income statements do not have to follow generally accepted accounting principles (GAAP) because they are internal reports. True False
Answers
Answer:
TRUE
Explanation:
A divisional income statement as the name implies it talks about a summary of the revenue generated in a particular unit within a business enterprise after removing the divisional costs in the same particular unit. Divisional income statements are internal reports so they do not have to follow generally accepted accounting principles (GAAP) as the statements generated are done within an organization. The Generally Accepted Accounting Principles are rules, codes of conduct set by a financial regulating body to make business enterprise, corporate accounting do the right thing whenever they are publishing their financial reports and statements.
an annual bond selld for $865 with par value $1,000 and coupoin rate 8% what is bond yeild to maturity for 10 years
Answers
Answer:
1.4484 %
Explanation:
The formula for Yield to Maturity =
[C + (FP - MP) /n]/FP + MP/2
Where
C = Coupon rate = 8% = 0.08
MP = Market value or price = $865
FP = Face or Par value = $1000
n = number of years = 10
Yield to Maturity =[ 0.08 +(1000 - 865) /10]/ 1000 + 865/2
Yield to Maturity = 1.4484 %
Rock industries allocates manufacturing overhead based on direct labor cost. any overallocated or underallocated overhead is closed monthly.calculate the cost of goods manufactured for november before procation of over or under allocated overhead
Answers
Answer:
Note: The full question is attached as picture below
Overhead Cost of one Month = Total Overhead Cost / 12 Month
Overhead Cost of one Month = $403,200 / 12 month
Overhead Cost of one Month = $33,600
So, Overhead Chargeable Per Month is $33,600
PARTICULARS AMOUNT
Direct Materials $26,000
Direct Labor $21,000
Manufacturing overhead Applied $33,600
Total Manufacturing Expenses $80,600
Less: Job Work in Process
Direct Materials $3,000
Direct Labor $1,500
Cost of Goods Sold before proration $76,100
of over or under allocated overhead
When the purchasing company bears the liquidation expenses it will debit the expenses to:_______
a. Vendor Company’s Account
b. Bank Account
c. Goodwill Account
d. Debtors Account
Answers
Answer:
c. Goodwill Account
Explanation:
In the case when the company is in liquidation and the purchasing company paid the liquidation expense as it is beared by them so here the expenses would be debited to the goodwill account
Therefore as per the given situation, the option c is correct as the liquidation expenses should be debited to the goodwill
So the rest of the options are wrong
Tax assessors cannot do "spot" reassessments of properties unless
Answers
Tax assessors cannot do "spot" reassessments of properties unless a material change in the property is reported.
What is Tax assessors?Tax assessor is a person who assess the value of the tax and makes the use of the property in order to determine the value of the tax. The work done by the tax assessor refers to the Tax assessment or simply just assessment.
The tax is calculated by the tax assessor in order to collect the tax, which will act as the revenue for the government. Those taxes are used for the defense works, purchase of technology and doing the welfare of society.
Therefore, it can be concluded that unless a major change in the property is disclosed, tax assessors are not permitted to perform "spot" reassessments of properties.
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Select the correct answer.
if you are friendly, outgoing, and love to travel, you might consider a career in what cluster?
A Arts and communication
B. Logistics and transportation
C Hospitality and tourism
D. Agriculture
Answers
In your own words, describe the differences between the industrial organization (I/O) and the resource-based models of above-average returns. As an analyst, how would you determine the significance or validity of these models with respect to a given industry
Answers
Answer:
The differences between the industrial organization (I/O) and the resource-based models of above-average returns can be summarized as follows:
1. The I/O model stresses that above-average returns can only be achieved given the opportunities and threats of the prevailing market structure. This implies that the returns that the entity achieves depend on whether the market is a perfect competition, a monopoly, a monopolistic competition, or an oligopoly. It is eternally-focused. The I/O model is a market-based strategic approach that is environmentally-driven.
2. On the other hand, the resource-based model explains that the entity could achieve above-average returns because of the entity's unique or heterogeneous resources and capabilities. Therefore, this approach tends to match a firm's resources and capabilities to the market opportunities that arise in the external environment. This strategic approach concentrates on the strengths and weaknesses of the internal resources and capability endowment.
3. In any given industry, the significance or validity of these models can be determined by examining how the business entity spends its resources. Is the entity developing its internal capability through training and, what is its cultural orientation? Or is it fighting the competition with its resources, thereby dissipating energy on market positioning?
Explanation:
The I/O model or market-based theory is of the view that market opportunities and threats determine the achievable outcomes for an entity. It takes what the market gives. The resource-based theory has a different view. It suggests that the internal resources an entity possesses are valuable, rare, uncommon, and difficult for competitors to replicate. Therefore, it tries to develop these resources and capabilities in order to achieve superior performance. It is not a price or profit taker but a price mover and profit shaker.
the work in process inventory account of a manufacturing company shows a balance of $2,400. from this information, it appears that the compnay is suing a predetermined overhead rate, as a percentageof direct labor costs, of: g
Answers
Answer: 125%
Explanation:
Here's the complete question:
The Work in Process inventory account of a manufacturing company shows a balance of $2,400 at the end of an accounting period. The job cost sheets of the two uncompleted jobsshow charges of $400 and $200 for direct materials, and charges of $300 and $500 for direct labor. From this information, it appears that the company is using a predetermined overhead rate, as a percentage of direct labor costs, of:
A. 80%
B. 125%
C. 300%
D. 240%
First, we have to calculate the overhead cost of the incomplete jobs. This would be:
Ending Work in process balance = $2,400
Less: Direct materials cost of uncompleted Jobs = $600
Less: Direct labor cost of uncompleted Jobs = $800
Therefore, Overhead cost of Uncompleted Jobs = $1,000
Then, the predetermined overhead rate would be calculated as:
= Overhead cost / Direct labor cost of the uncompleted Jobs
= $1000 / $800
= 1.25
= 125% of direct labor cost
what type of leadership focuses on alternative methods of conducting organizational change processes.
Answers
Answer: Organizational change leader
Explanation:
The organizational change leader is the big hand for controlling the changes in the organization and management. This involves the change centric leadership. The leader should not look upon the upward organizational hierarchy to seek help instead must take actions and must implement them on others. Empowering the stakeholders. Managing the team discussions and working ethics and credibility.
The TSA suits:
A.
Engineering students.
B.
Construction students.
C.
Technology students.
D.
STEM students.
Answers
Answer:
STEM Students - TSA focuses on all areas of stem, not just technology.
Explanation:
got it correct
When is a manufacturer most likely to RAISE the price of a product?
when demand for the product increases
when a competitor makes a better product
ОООО
C
when a cheap substitute for the product appears in stores
when the cost of raw materials declines
Answers
Answer:
Its (A) When demand for the product increases
Explanation: I just tooke the Economics Exam.
Veronica earns $60,000 per year. Matt's yearly income is $37,000. In a progressive tax system,
O Veronica will pay less income tax and Matt will pay more
O Veronica and Matt will pay the same amount of income tax
O Veronica will pay more taxes and Matt will have a government flat tax rate this year
O Veronica will pay more taxes and Matt will pay less taxes to the government
Answers
Answer:
Veronica will pay more taxes and Matt will pay less taxes to the government
Explanation:
In a progressive tax system, the percentage rate of taxation increases as the income rises. It means that individuals with a high income will be taxed at a higher tax rate than low-income earners. A progressive tax rate is based on an individual income level; the higher the income, the higher the tax rate.
Veronica earns more than Matt. Under the progressive tax system, veronica will be taxed at a higher rate than Matt. Therefore, veronica will pay more taxes than Matt.
the scott company had the following activities during 2019. during the year, work-in-process increased by $2,500 and finished goods decreased by $6,000. during the year, work-in-process increased by $2,500 calculate the amount of direct labor cost for the year
Answers
Answer:
$5,000
Explanation:
The amount of direct labor cost is calculated as;
= Increase in work in process during the year + Increase in work in process during the year
Given that;
Increase in work in process during the year = $2,500
Further increase in work in process during the year = $2,500
Direct labor cost = $2,500 + $2,500
Direct labor cost $5,000
an effective annual interest rate of 12.95% how many years will it take a given amount to Triple in value
Answers
Answer:
Number of year n = 9 year (Approx)
Explanation:
Given:
Effective annual interest rate = 12.95% = 0.1295
Find:
Number of year n
Assume;
Invested = P
Amount = 3P
So,
3P = P(1+0.1295)ⁿ
3 = 1.1295ⁿ
n = 9
Number of year n = 9 year (Approx)
A sudden stop will be easier to navigate if the country borrows internationally in foreign currencies and lend locally in its domestic currency.
a. True
b. False
Answers
Answer: False
Explanation:
A sudden stop refers to the sudden decline in net capital inflows in the economy from outside. This is a significant method by which the economy can have access to foreign exchange.
If the country therefore borrows internationally in foreign currencies whilst lending in domestic currency, the sudden stop will be difficult to navigate because it will impair the country's ability to pay off the international creditors it has because it will not have enough of the required foreign currency to pay them.
FVA Inc.’s net income for the most recent year was $40,825. The tax rate was 24 percent. The firm paid $10,320 in total interest expense and deducted $10,570 in depreciation expense. What was the cash coverage ratio for the year?
Answers
Answer: 7.23 times
Explanation:
Cash coverage ratio = Cash available/ Interest expense
Cash Available = Net Income before tax + Interest expense + Depreciation
= (40,825 / (1 - 24%)) + 10,320 + 10,570
= $74,607.11
Cash coverage ratio = 74,607.11/10,320
= 7.23 times
In a personal budget, which of the following is considered to be a fixed expense? A. Dinner at a restaurant B. A movie Ticket C. A personal trainer D. Apartment rent
Answers
Answer: Personal Trainer
Explanation: It's a personal budget.
Suppose a stock has an initial price of $71 per share, paid a dividend of $1.75 per share during the year, and had an ending share price of $88. Compute the percentage total return.
Answers
Answer:
Total return = 26.4%
Explanation:
Given:
Initial price = $71 per share
Dividend = $1.75 per share
Ending share price = $88
Compute:
Percentage total return
Computation:
Total return = [Ending share price + Dividend - Initial price)/Initial price
Total return = (88 + 1.75 - 71) / 71
Total return = 26.4%
On July 1, 2016, Killearn Company acquired 110,000 of the outstanding shares of Shaun Company for $14 per share. This acquisition gave Killearn a 25 percent ownership of Shaun and allowed Killearn to significantly influence the investee's decisions. As of July 1, 2016, the investee had assets with a book value of $5 million and liabilities of $620,000. At the time, Shaun held equipment appraised at $308,000 above book value; it was considered to have a seven-year remaining life with no salvage value. Shaun also held a copyright with a five-year remaining life on its books that was undervalued by $1,208,000. Any remaining excess cost was attributable to goodwill. Depreciation and amortization are computed using the straight-line method. Killearn applies the equity method for its investment in Shaun. Shaun's policy is to declare and pay a $1 per share cash dividend every April 1 and October 1. Shaun's income, earned evenly throughout each year, was $591,000 in 2016, $634,400 in 2017, and $682,400 in 2018. In addition, Killearn sold inventory costing $98,400 to Shaun for $164,000 during 2017. Shaun resold $117,000 of this inventory during 2017 and the remaining $47,000 during 2018. Determine the equity income to be recognized by Killearn during each of these years. Compute Killearn's investment in Shaun Company's balance as of December 31, 2018.
Answers
Answer:
A. 2017 $61,400
2018 $49,400
B. $1,650,800
Explanation:
A. Calculation to Determine the equity income to be recognized by Killearn during each of these years.
2017 EQUITY INCOME
Equity Income =(25%*$634,400)-($ 1 per share April 1 Cash dividend+$ 1 per share October 1 Cash dividend*$110,000)
Equity Income =$158,600-($2per share*110,000)
Equity Income =$158,600-$220,000
Equity Income =$61,400
2018 EQUITY INCOME
Equity Income =(25%*$682,400)-($ 1 per share April 1 cash dividend+$ 1 per share October 1 cash dividend*$110,000)
Equity Income =$170,600-($2per share*110,000)
Equity Income =$170,600-$220,000
Equity Income =$49,400
Therefore the equity income to be recognized by Killearn during 2017 is $61,400 and 2018 is $49,400 .
b. Computation for Killearn's investment in Shaun Company's balance as of December 31, 2018
Original Investment at Cost $1,540,000
( 110,000*14per share)
Add 2017 Profit shared (Net of Dividend) $61,400
Add 2018 Profit shares (Net of Dividend) $ 49,400
2018 Investment Value $1,650,800
($1,540,000+$61,400+$ 49,400)
Therefore Killearn's investment in Shaun Company's balance as of December 31, 2018 will be $1,650,800
Warner Company purchases $50,100 of raw materials on account, and it incurs $62,800 of factory labor costs. Supporting records show that (a) the Assembly Department used $33,500 of the raw materials and $44,400 of the factory labor, and (b) the Finishing Department used the remainder. Manufacturing overhead is assigned to departments on the basis of 160% of labor costs. Journalize the assignment of overhead to the Assembly and Finishing Departments.
Answers
Answer:
[Debit] Work In Process : Assembly Department $47,064
[Debit] Work In Process : Finishing Department $19,504
[Credit] Overheads $66,568
Explanation:
Note that overheads are assigned to departments on the basis of 160% of labor costs. Thus, our first point of call is to determine the labor cost for the respective departments. After that we then apply the 160 % to arrive at the Overheads assigned to that department
Step 1
Determine Departmental Labor Cost
Total Labor Costs = $62,800
Assembly Department = ( $44,400)
Finishing Department = $18,400
Step 2
Determine Overhead Cost for the Departments
Assembly Department ( $44,400 × 160 %) = $47,064
Finishing Department ( $18,400 × 160 %) = $19,504
Step 3
Journalize
Debit the Work In Process Account for the respective department and Credit the Overheads Account as above.
2008 crisis question.
Answers
Answer:
The correct answer is D.
Explanation:
The Great Recession was an almost global recession that began around 2007 and peaked in 2009. The recession was triggered by various factors, in particular the bursting of a property price bubble in the USA and the associated financial crisis from 2007 and the banking crisis, which was later followed by sovereign debt crises such as the Greek sovereign debt crisis. In addition, there were hunger crises in poor countries. At the start of the crisis there were several negative announcements about the mortgage system of the United States of America; the crisis stemmed from what became known as 'toxic lending', the greed of companies to make a profit and to give mortgages to people who could not afford to pay it back. This housing crisis, known as the Subprime mortgage crisis, spread worldwide.
How does the project fit within the global microeconomic environment? Support your response with evidence.
Answers
Explanation
Microeconomics is one of the significant center regions inside the scholarly field of financial aspects. While the degree and techniques for microeconomics can be intricate, its general center is moderately direct. Microeconomics inspects the regular activities of the commercial center, zeroing in on the choices made by people – individuals and organizations – as they purchase, sell, contribute and settle on other monetary choices. You don't have to officially consider microeconomics to apply a portion of its standards to your private company.
What is a continuous discussion to bring out innovative ideas from employees?
Answers
Answer:
Experiment to
generate ideas
Companies must let employees know they are open for innovation. Some companies do this by creating a designated space where employees can be creative. Most office spaces, which are normally a sea of cubicles, have little room physically and emotionally where creativity and innovation can flourish.
Give staff time
to work on ideas
Innovation needs time, and more often than not, employees feel they have none to spare. As a result, a growing number of companies are giving employees time away from the daily grind to work on projects of their own choosing. Some companies hold innovation days; others have hackathon sessions while others again give staff a set amount of time to work on projects that excite them, developing and testing new ideas
Invest in idea generation
Implement some of the ideas employees come up with. Ideas have to be implemented or they’re not worth anything. To truly innovate, companies need to ensure a culture that supports new ideas and new ways of doing business efforts, but also execute those ideas.
Explanation:
Answer:
Brainstorming
Explanation:
It's on the notes for Plato
A theory of strategic factor markets suggests that the resources a firm possesses might give it an advantage versus competitors in labor markets such as this one. Which firm resource might be consistent with this position
Answers
Explanation:
Organizations are integrated systems that use resources to achieve certain objectives and goals and become profitable and competitive.
Globalization was a phenomenon that contributed to an increase in the flow of information and changes in technologies and paradigms that contributed to a greater speed in consumer trends, and in the number of companies competing in the market.
Therefore, to achieve competitive advantage, it is not enough for the organization to use its resources in a conventional way, it is necessary to use strategies to add value to its processes. Considering the current business scenario, it can be said that the human resource in companies is the one that will give it a sustainable competitive advantage, since the knowledge acquired is one of the main resources used for the company to position itself in relation to competitors, each time more companies are promoters of social responsibility, so prioritizing knowledge and its stakeholders will always be the most advantageous option for creating value and competitive advantages.
If you hope to be a college instructor in a subject, you need to plan to complete what level of education?
A.
Graduate school.
B.
Bachelor’s degree.
C.
Associate’s degree.
D.
Vocational school.
Answers
i hope it helps!
A large bakery buys flour in 25-pound bags. The bakery uses an average of 1,215 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order. Annual carrying costs are $75 per bag. a. Determine the economic order quantity.
Answers
Answer:
EOQ= 18
Explanation:
Economic order quantity (EOQ) is the ideal order quantity a company should purchase to minimize inventory costs such as holding costs, shortage costs, and order costs.
To calculate the economic order quantity (EOQ), we need to use the following formula:
Economic order quantity (EOQ)= √[(2*D*S)/H]
D= Demand in units
S= Order cost
H= Holding cost
D= 1,215
S= $10
H= $75
Economic order quantity (EOQ)= √[(2*1,215*10)/75]
EOQ= 18
Suppose you bought a 8 percent coupon bond one year ago for $1,070. The bond sells for $1,135 today. Requirement 1:Assuming a $1,000 face value, what was your total dollar return on this investment over the past year
Answers
Answer:
The total dollar return on this investment over the past year is $145.
Explanation:
The total return will be the sum of the interest income received from the bond and any price apppreciation received after one year period.
First we need to determine the interest income
Interest income = Face value of the bond x Coupon rate
where
Face value = $1,000
Coupon rate = 8%
Interest income = $1,000 x 8%
Interest income = $80
Now calculate the price appreciation
Price appreciation = Present value of the bond - Purchase value of the bond
Where
Present value of the bond = $1,135
Purchase value of the bond = $1,070
Placing values in the formula
Price appreciation = $1,135 - $1,070
Price appreciation = $65
Now calculate the total return
Total return = Interest income + Price appreication
Total return = $80 + $65
Total return = $145
