The direct materials price variance for last month was d. $21700 favorable.
The standard quantity of direct materials per unit = 2 pounds
Standard cost per pound = $10
The actual quantity of direct materials purchased = 3,500 pounds
The actual cost of direct materials purchased = $13,300
Calculating the standard cost -
Standard cost = Standard Quantity x Standard cost per pound
= 2 x 10
= 20
Calculating the Direct materials price variance -
= Standard Cost x Actual quantity of direct materials - actual cost of direct materials
= (10 x 3500) - 13300
= 35000 - 13,300
= 21700
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Which of the following statements are correct?
Select the correct option(s) and click submit.
Agile and Design Thinking are same
Design Thinking is about Product Development. Agile Manifesto is about Software Development
Design Thinking is finding the right things and Agile is about building the right things
Design Thinking is building the right things and Agile is about finding the right things
Submit
Product Development is the focus of Design Thinking. The Agile Manifesto is concerned with software development.
Design Thinking is about discovering the right things, while Agile Manifesto is about creating the right things. Hence, option b) is correct.
Design thinking is a problem-finding methodology, whereas agile is a problem-solving methodology. It requires a high level of end-user empathy and comprehension, as well as an iterative process of developing new ideas, debunking assumptions, and redefinition of problems.
Agile Manifesto and Design thinking fosters a user-centric environment that emphasizes rapid iterations to achieve the best results. Use agile development to collaboratively build solutions to problems identified through design thinking.
Design thinking prioritizes the needs of the user, and Agile is an excellent method for delivering solutions gradually. The user's needs are considered throughout the design and development process.
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Within the context of employee communication new technologies (such as blogs or email) have blurred the boundaries between communication Direct and indirect Open and closed Internal and external Aggressive and passive
Within the context of employee communication, new technologies such as blogs or email have blurred the boundaries between communication that is direct and indirect, open and closed, internal and external, aggressive and passive, and other dimensions of communication.
For example, email can be used for both direct and indirect communication, as it allows for written exchanges that can be carefully crafted and thought out, as well as more informal exchanges that may be less formal and more open in tone. Similarly, social media platforms like blogs and forums can be used to communicate directly with a large audience, or indirectly by sharing information and ideas that may be picked up and discussed by others.
These new technologies have also blurred the boundaries between internal and external communication, as they allow for communication to take place across distances and between different organizations and groups of people. This can be both positive and negative, as it can facilitate more open and collaborative communication, but it can also lead to confusion and conflicts if not managed carefully.
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Explain why the more education a person has, the more money they make.
(Answers should include the screening effect and the learning effect.)
Answer:
because. a more educated person have a good profession and by that they can earn a good sources of money
Answer:
a more educated person have a good profession and by that they can earn a good sources of money
Explanation:
1. Define business organisation 2. write short notes on the following a. sole proprietorship b. Population - census
Answer:
A business organization is an entity or firm that is formed to carry out commercial activities
A sole proprietorship is a business organization or entity owned by an individual only.
Population census is the official counting of a particular number of people living in a particular territory, region or country at a particular time for socio-economic, demographic, political purposes.
in inventory models, high holding costs tend to favor high inventory levels.
t
f
The statement "in inventory models, high holding costs tend to favor high inventory levels" is FALSE. In inventory models, high holding costs tend to favor low inventory levels, not high inventory levels.
Holding costs are the expenses associated with storing and maintaining inventory, including costs such as warehousing, insurance, depreciation, obsolescence, and opportunity costs. The objective of inventory management is to balance holding costs with ordering costs (the costs of replenishing inventory) to minimize total inventory costs. When holding costs are high, it becomes more expensive to hold excess inventory, this creates an incentive for businesses to reduce their inventory levels and avoid excessive stockpiling.
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Which of the following characteristics of tourism services explains which guests need to be present when the service is being performed?
Three firms produce differentiated products with zero costs. The firms choose quantities and prices are given by the inverse demand functions: P1 = 1 - 91 +92/4 + 93/4 P2 = 1 - 92 + 41/4 + 43/4 P3 = 1 -43 + 91/4 + 92/4 a) Derive equilibrium quantities, prices and profits assuming the firms compete in quantities. b) Suppose two firms merge. How does this affect the equilibrium? c) Comment on how your results in b) reflect features of the market and the form of competition.
To derive equilibrium quantities, prices, and profits assuming the firms compete in quantities, we need to find the Nash equilibrium, where each firm maximizes its profit given the quantities chosen by the other firms.
(a) Equilibrium quantities, prices, and profits:
To find the equilibrium, we need to set up the profit maximization problem for each firm. The profit for each firm can be calculated as follows:
Profit_i = (P_i - MC_i) * Q_i
where P_i is the price, MC_i is the marginal cost, and Q_i is the quantity produced by firm i.
Given the inverse demand functions and assuming zero costs (MC_i = 0), we can solve for the equilibrium quantities and prices:
For Firm 1:
P_1 = 1 - 9Q_2 + Q_2^2/4 + Q_3^2/4
Profit_1 = (P_1 - 0) * Q_1
For Firm 2:
P_2 = 1 - 9Q_1 + Q_1^2/4 + Q_3^2/4
Profit_2 = (P_2 - 0) * Q_2
For Firm 3:
P_3 = 1 - 4Q_1 + Q_1^2/4 + Q_2^2/4
Profit_3 = (P_3 - 0) * Q_3
We need to solve these equations simultaneously to find the equilibrium quantities. Since the problem is nonlinear, we can use numerical methods such as iteration or a solver tool to find the equilibrium.
(b) Merger of two firms:
If two firms merge, we can assume they act as a single entity, reducing the competition in the market. This means that the merged firm can adjust the quantities and prices to maximize its profit without considering the actions of other firms.
(c) Market and competition:
The results in part (b) reflect the impact of reduced competition due to the merger. When two firms merge, they gain market power and can potentially increase prices and decrease quantities to maximize their joint profits. This reduced competition may lead to higher prices for consumers and potentially lower total welfare in the market. It highlights the importance of maintaining competition in markets to promote efficiency, innovation, and consumer welfare.
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Keri has already installed Microsoft Office Tools. When she opens Excel, the first step toward making the Analysis ToolPak available is to
open Advanced Filter under the Data tab.
open Microsoft Office Help.
go to the Formulas tab and click More Functions.
go to the Excel Options dialog box.
Answer:
Open Microsoft Office Help.
Go to the Formulas tab and click More Functions.
Explanation:
Select File → select Options → select Advanced → scroll to General → insert the location in the "At startup, open all files in" dialog box.
Answer:
open Microsoft Office Help
Explanation:
:)
ECON QUESTION !!
What is the overall objective of a business raising financial capital?(1 point)
A) decrease operating costs and increase the number of investors
B) increase revenues and the number of investors
C) reducing financial obligations and increase revenue
D) grow and increase profit
chapter 5 test, banking and finance...if you have all the answers that would be greatly appreciated
The main goal is to increase shareholder value as much as possible.
Businesses frequently make decisions that include spending money now while planning to turn a profit later. Examples are when a business purchases a machine with a 10-year lifespan, constructs a new facility with a 30-year lifespan, or launches a research and development initiative. Four basic methods exist for businesses to obtain the funding they require to fund these initiatives: (1) early-stage investors; (2) profit reinvestment; (3) bank or bond borrowing; and (4) stock sales. Business owners decide how to pay for financial capital sources when they select those sources.
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Current market interest rates are 6%. A bond with an 8% coupon would be most likely to have a net present value of zero when the bond is
A bond with an 8% coupon would be most likely to have a net present value of zero when the bond is mature.
What is net present value?
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
What does it mean when a bond is selling at a discount, premium or at par?If the market interest rate is greater than the bond's coupon rate the bond is selling at a discount. If the market interest rate is less than the bond's coupon rate the bond is selling at a premium. If a bond’s coupon rate is equal to its market interest rate , then the bond is selling at par.
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Turn to Part C of the Systems Analyst's Toolkit and review the concept of net present value (NPV). Determine the NPV for the following: An information system will cost $175,000 as an initial investment to implemented over a six month period and will produce no savings during the last six months of first year once it has gone online. When the system goes online, the company will save $27,750 during the second year of operation. For the next four years, the savings will be $39,250,$45,500,$48,500, and $40,250, respectively per year. Assuming a 4.25% discount rate, what is the NPV of the system? Explain in detail whether.or.not this a good investment (one four sentence paragraph at a minimum).
The NPV of the system is the sum of the present values of the cash flows minus the initial investment, which needs to be calculated based on the given data.
To calculate the NPV, we need to discount the future cash flows to their present values and subtract the initial investment. Using a discount rate of 4.25%, we can calculate the present value of each cash flow and sum them up. The present value of each cash flow is calculated by dividing the cash flow by (1 + discount rate) raised to the corresponding period. After calculating the present values, we subtract the initial investment of $175,000. If the resulting NPV is positive, it indicates that the project is a good investment. If the NPV is negative, it suggests that the project may not be worthwhile.
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Without collaborating, two separate brokers elect to discontinue working one of the local real estate firms. The brokers are guilty of:____
Answer: They are guilty nothing since they are not boycotting collectively but rather individually.
Explanation:
From the question, we are informed that without collaborating, two separate brokers elect to discontinue working one of the local real estate firms.
In this scenario, the brokers are not guilty of anything since their boycott was individually and not a joint decision taken together.
A(n) __________ is a person, company, or bank that lends the money for the purchase of a vehicle.
Answer: According to Quizlet, the answer is Lien Holder.
What does ceteris paribus mean?
Answer:
rat
Explanatio
What values does FCCLA emphasize? Select two options.
The values that the FCCLA emphasizes are family and leadership (A and C).
What is the FCCLA?FCCLA is an acronym that stands for Family, Career and Community Leaders of America. This is the name of a United States organization made up of students studying technical and nonprofit careers technical and nonprofit careers focused on forming leaders for communities and promoting positive changes in communities through issues like:
familycommunitypersonal problemslabor problemssocial problemBased on the above, it can be inferred that the FCCLA emphasizes the training of leaders who promote change in communities through the study of family sciences.
Note: This question is incomplete because the options are missing. Here are the options:
A.Family
B.Physical fitness
C.Leadership
D. Health care
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Critically explain Robbins definition of economics?
Answer:
In his landmark essay on the nature of economics, Lionel Robbins defined economics as. “the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses”
Explanation:
1. A parent company sells land to its wholly-owned subsidiary in 2015, reporting a gain of $35,000. In 2020, the subsidiary sells the land to an outside developer and reports a gain of $60,000. In the 2020 consolidation working paper, the elimination of this transaction will result in: A. A $35,000 decrease in beginning retained earnings B. A $60,000 increase in investment in subsidiary C. A $95,000 decrease in land D. A $35,000 increase in gain on sale of land
Answer:
Explanation:
A $60,000 increase in investment in subsidiary
Name TWO organisations which typically offer
loans to small businesses.
Answer:
Kabbage: Best Overall.
Fundbox: Best Revolving Line of Credit
Explanation:
consider the different suppliers – which one would you select? what type of agreement would you use?
Cultural Fit and price are some criteria that we can use to narrow down the suppliers.
There are some criteria that we can use to narrow down the vendors. which are-
Cultural Fit: This refers to values and how well the provider is aware of the company's values.
One of the deciding criteria is price.
Value: Does the product enhance the company's operations?
Market knowledge and recent references
responsiveness and adaptability to requests and product changes
Quality, including the history of quality in products and services
An entity that offers goods or services to another entity is known as a supplier. One example of a supplier is a business that sells PCBAs to a laptop manufacturer or OEM.
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7. What scenario the best way to prevent yourself from having the most investment loss?
Investing in a couple of strong stocks
Investing in one company's stock whose products you most often purchase
Having a diversified portfolio with a variety of investments
All of the above
Answer:
Having a diversified portfolio with a variety of investments .
Explanation:
The best alternative to avoid losses when making investments is to have a diversified portfolio, in which you have several stocks, bonds and other investment instruments that are not linked to each other, so that, in the event of a fall In one sector of the economy, the eventual gain of other sectors will keep the investor's money relatively stable. Thus, for example, you can have a portfolio with shares of technology companies, banks, raw materials and retail chains, together with bonds of economically stable countries, with which a negative result at the technological level, for example, would be placated by a positive result of the other investments.
A fast food restaurant chain has identified day commuters as its market segment. If the chain wants to persuade this segment to buy its fast food products, what would be the most likely place for it to advertise
What would be the most likely place for it to advertise is: on buses and with signs on parking lots.
What is Advertisement?Advertisement can be defined as the process of creating product awareness to attract customer so as make profit or to generate revenue.
Based on the given scenario the best place to advertise the food is on buses and with sign on parking lots since the restaurant chain has identified day commuters as it target customers doing this will help to persuade this commuter to buy the fast food product.
Inconclusion what would be the most likely place for it to advertise is: on buses and with signs on parking lots.
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A large company issues stock. The company selling the stock often distributes profits by issuing to its shareholders.
Answer:
Following are the answer to this question:
Explanation:
It is an Act, in which an individual disposes or sells equity shares. Any reasons for selling stocks involve income, reducing losses, or access to money. There is indeed a big corporation of blue-chip stocks. In the stock marketing firm commonly allocates profits towards its stockholders whilst also releasing dividend payments.A major, well known, and financially sound company, which is in business for many years is a blue-chip stock.Answer:
The answers are - blue chips and dividends.
Explanation:
A large bakery buys flour in 25 kg bags. The bakery uses an average of' 4,860 bags a year. Preparing an order and receiving a shipment of flour bags involves a cost of $10 per order. Annual holding cost is $5 per flour bag. a) Determine the economic order quantity.
b) What is the average number of bags on hand (i.e., in inventory)?
c) How many orders per year will there be?
d)Calculate the total annual cost of ordering and holding flour.
e)If ordering costs were to increase by 50 percent order, by what percentage would the EOQ change?
a) Economic Order Quantity(EQO):Economic Order Quantity can be calculated using the following formula. \(EOQ = \sqrt{\frac{2DS}{H}}\)Where D = Annual Demand in Units S = Ordering Cost per Order H = Annual Holding Cost per UnitThen EOQ will be: \(EOQ
= \sqrt{\frac{2*4,860*10}{5}}\)= \(\sqrt{19,440}\) = \(139.28\) (approx.)The economic order quantity is 139 bags.b) Average Number of Bags on Hand:To find out the average number of bags on hand, we can use the following formula: \(Average\ number\ of\ bags\ on\ hand = \frac{EOQ}{2}\)= \(\frac{139}{2}\) = \(69.5\) (approx.)The average number of bags on hand is 69.5 bags.c)
Number of Orders per Year:We can find the number of orders per year by using the following formula: \(Number\ of\ Orders\ per\ Year = \frac{D}{EOQ}\)= \(\frac{4,860}{139}\) = \(34.89\) (approx.)So, there will be 34 orders per year.d) Total Annual Cost of Ordering and Holding Flour:Total Annual Cost of Ordering and Holding Flour can be calculated using the following formula:
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on may 1, there were 4 inventory items that cost $30 each. on may 5, 2 items were purchased for $35 each. given one item from the beginning inventory and one from the may 5 inventory were sold, under the inventory method, cost of goods sold would equal $75.
Based on the specific identification inventory method, the cost of goods sold would equal $65 ($30 + $35) and not $75 as indicated in the question.
Specific identification is an inventory costing method that tracks the cost of goods to the exact items that are sold. This method is used where it is possible to track sold items individually, especially when the sold items are separately identifiable.
Specific identification is just one method in inventory costing. Others are Last-in, First-out (LIFO), First-in, First-out (FIFO), and Weighted-Average Cost Methods.
Thus, the inventory method that will produce the cost of goods sold under this scenario is the specific identification method.
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What is the straight time pay for each of the following for a 40 hour week
1. What types of deaths are considered "deaths of despair"?
Answer:
Starvation, drowning, torture, death from thirst or starvation, rotting in solitary confinement until death.
Explanation:
Sometimes people will do anyting to survive, invluding eating themselves.
What is the primary role of consumers in a free market economy?
QALYs are short for Quality Adjusted Life Years. These were created in order to give life's quality and quantity a measured value. They were employed to make an attempt at evaluating the worth of various health measures. A long life of decreasing quality may be just as valuable as a brief life of high quality, according to a more recent emphasis on the value of "quantity" above "quality."(T/F).
False. A long life of declining quality could be just as useful as a short life of high quality, according to the supplied statement, which implies an emphasis on the value of "quantity" above "quality."
The statement is untrue, though. The Quality Adjusted Life Years (QALYs) approach does not place a higher priority on quantity than on quality. In order to evaluate the effectiveness of healthcare interventions, QALYs are a metric used in health economics and outcomes research. They assign weights to various health statuses, combining the quantity and quality of life. Instead than favouring one over the other, QALYs acknowledge that both the length and quality of life are significant criteria in assessing the impact of health policies.
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Elle is in high school and wants to have job until she graduates. Which job would she be most qualified for until she graduates high school?
O Purchasing Agent
O Cashier
O Sales Agent
O Interviewer
First of all we should understand the nature of job of Purchasing Agent, Cashier, Sales Agent and an Interviewer to decide which option should Elle would be most qualified for until she graduates high school.
Who is a Purchasing Agent?The persons who buy the parts and materials that help in the production of goods are called purchasing agents or purchasers.
Buyers and purchasing agents review the history and quality of the suppliers before making the purchase. They should be qualified enough to consider price, quality, availability, reliability, and technical support when choosing suppliers and merchandise.
Who is a Cashier?A cashier is a person who handles the cash register at various locations such as the point of sale in places such as shops or banks.
He is also known as teller, accountant, clerk, treasurer. Only qualified and skilled persons can perform the role of cashier.
Who is a Sales Agent?A person hired by any company to sell its products or services is known as Sales agent.
A sales agent take orders, offer services and provide support in person and via telephone or internet. This job can be done with little training and less qualification.
Who is an Interviewer?A person who conducts an interview to hire the candidates is known as Interviewer. To be an interviewer, a person needs to be well qualified with great communication skills.
So, the best role that Elle can take up until she graduates is that of a Sales Agent.
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Define the term labour force
Answer:
all the members of a particular organization or population who are able to work, viewed collectively.