Answer:
Period cost
Explanation:
The process was abnormal potentially for that period only - it is not a product issue but a process issue. So it would considered period cost
If the amount of loss in a manufacturing process is abnormal, it should be classified as a Period cost. The correct option is A. Irregular loss (a cost) is given credit to the process account, while irregular gain (a benefit) is debited.
What is the treatment for abnormal loss of inventory?The rate column is always calculated as a quotient using the relationship Value Quantity. To calculate Net Output, deduct the abnormal loss in quantity terms from the gross input. To calculate the Net Cost of Output, deduct the cost of abnormal loss units from the total cost.
An abnormal loss, on either hand, is defined as any loss that happens by chance as a result of unexpected events. Because they are considered an expense to the firm, the cost of these is not included in the cost of production.
Thus, the ideal selection is option A.
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You have discovered that one of you closest friends at work has stolen a large sum of money from the company. Would you do nothing? Go directly to an executive to report the incident before talking about it with the offender? Confront the individual before taking action? Make contact with the individual with the goal of persuading that person to return the money?
Answer:I would recommend confronting the individual before taking any action. It is important to first discuss the issue with the offender to understand the situation and whether it was intentional and deliberate. If the offender is uncooperative or unwilling to return the money, then the next step would be to go directly to an executive to report the incident.
Explanation:
How important are structure and culture compared to the other primary internal considerations for a strategic plan?
Structure and culture are among the primary internal considerations for a strategic plan. The importance of structure and culture cannot be undermined, as they both play an important role in the success of a company's strategic plan. Although there are other factors that may contribute to the success of a strategic plan, structure and culture are vital. They can be used to leverage the strengths of an organization to achieve its goals.
Structure refers to how an organization is organized and the interrelationships between different departments. A company's structure determines how information flows within the organization, and how employees interact with one another.
An effective structure enables employees to work together efficiently, leading to a higher level of productivity.
Culture refers to the set of values, beliefs, and attitudes that guide the behavior of an organization's members. A positive culture promotes employee engagement, which is essential for achieving an organization's goals.
A company's culture can influence how it deals with problems, how employees communicate with each other, and how they make decisions, among other things.
In conclusion, structure and culture are essential components of an organization's strategic plan.
By investing in a positive culture and a well-defined structure, companies can increase employee engagement, productivity, and ultimately, achieve their goals.
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Taylor Company began manufacturing operations on January 2, 20X1. During 20X1 Taylor reported pre-tax book income of $150,000 and had taxable income of $200,000. Taylor had a temporary difference relating to accrued product warranty costs which are expected to be paid as follows: 20X2$30,00020X3$15,00020X4$5,000 The enacted tax rates are 21% for 20X1 and 20X2; and 25% for 20X3 and 20X4. The deferred tax asset at the end of 20X1 is:
Answer:
$11,300
Explanation:
The computation of the deferred tax asset is shown below:
= 21%(20X2 Expense) + 25%(20X3 and 20X4 Expense)
= 21%($30,000) + 25%($15,000) + 25%($5,000)
= $6,300 + $3,750 + $1,250
= $11,300
Generally, a loan obtained from a bank will be a _____ loan.
A. Taxed
B. Term
C. Variable
D. Collateral-free
Answer:
Term
Explanation:
Gina borrows from Regional Loan Company the funds to buy a car. The car secures the debt. Gina defaults on the loan. Regional takes possession of the car, planning to sell it to recover some of the unpaid debt. Before the creditor sells the car or enters into a contract for its sale, Gina can pay what she owes and take back the car. This is
Answer:
right of redemption allows delinquent borrower to reclaim property if they are able to repay their obligations in time.
Assuming no change in the nominal wage and a significant increase in human capital, the output per worker will
(A) increase and the real wage will decrease
(B) increase and the real wage will increase
(C)decrease and the real wage will decrease
(R) decrease and the real wage will increase
(E) increase and the real wage will remain unchanged
Assuming no change in the nominal wage and a significant increase in human capital, the output per worker will increase and the real wage will increase
What happens Assuming no change in the nominal wage and a significant increase in human capitaHuman capital investment increases demonstrate workers becoming more skilled, knowledgeable and productive; in turn this should result in higher output per worker at no change to nominal wage;
this increase should then cause real wages (i.e. the purchasing power) to also rise as workers are now producing more valuable output per hour worked; which in turn leads to both greater output as well as compensation increases due to human capital investment resulting in both increased output as well as compensation levels for workers.
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Are the following statements true or false?
(a) Perfect competition has an identical good.
(b) A monopolistically competitive firm makes zero economic profit in the long run.
(c) The defining feature of oligopoly is a large number of firms.
(d) A natural monopoly arises because of the existence of economies of scale.
(a) The given statement, "Perfect competition has an identical good" is true.
(b) The given statement, "A monopolistically competitive firm makes zero economic profit in the long run" is false.
(c) The given statement, "The defining feature of oligopoly is a large number of firms" is false.
(d) The given statement, "The defining feature of oligopoly is a large number of firms" is true.
(a) In perfect competition, all firms produce identical goods, which means that consumers cannot differentiate between them based on the product. Therefore, firms have to compete based on price and quality of their product.
(b) In monopolistic competition, firms can earn economic profit in the short run but may not be able to sustain it in the long run. This is because other firms can enter the market and offer similar products, which reduces the demand for the original firm's product and lowers its price, eventually resulting in zero economic profit.
(c) The defining feature of oligopoly is a small number of large firms that dominate the market. These firms have significant market power and can influence the market's price and quantity. Oligopolies can lead to collusion between firms, creating barriers to entry and limiting competition.
(d) A natural monopoly arises when a single firm can produce the entire output of the market at a lower cost than any combination of two or more smaller firms. This is due to economies of scale, where the average cost of producing a good decreases as the quantity produced increases.
Therefore, it is more efficient to have one firm producing the entire output rather than multiple smaller firms. However, natural monopolies can lead to market failure, and regulation may be necessary to prevent abuse of market power.
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Land originally purchased for $27,500 is sold for $74,987 in cash what is the effect of the sale on the accounting equation
The effect of the sale on the accounting equation is an increase in assets by $47,487 and an equal increase in equity.
In the given scenario, when land originally purchased for $27,500 is sold for $74,987 in cash, the effect on the accounting equation can be described as follows:
Assets: The land is an asset, and its original value of $27,500 is removed from the asset side of the equation. Additionally, the cash received from the sale, which is $74,987, is added to the asset side. Therefore, the net effect on assets is an increase of $74,987 - $27,500 = $47,487.
Liabilities: The sale of land does not directly impact the liabilities side of the equation. Liabilities represent the debts and obligations of the company, such as loans or accounts payable. Unless there are specific liabilities related to the land, they would remain unchanged in this transaction.
Equity: Equity represents the owner's interest in the company and is calculated as assets minus liabilities. Since the transaction does not impact liabilities, the effect on equity is equal to the effect on assets. Therefore, the equity increases by $47,487.
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What are the common barriers to communication?
Help! What degree do Astronomers, Biochemists and Biophysicists, and Medical Scientists usually need?
bachelor’s degree
master’s degree
doctoral degree
associate degree
Answer:
Doctoral degree
Explanation:
The Doctoral degrees are typically awarded to astronomers, biochemists, biophysicists, and medical students.
What is a doctorate diploma?A doctorate, or doctor's diploma, or doctoral diploma, is an educational diploma provided through universities and a few different academic institutions, derived from the historical formalism "license to educate".
In most countries, a studies diploma qualifies the holder to teach at college level within the diploma's subject or work in a selected profession.
So the reason is that it's miles clear that choice C, Doctoral diploma, is the suitable choice.
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How to get a series 7 license
Take and Pass SIE exam
Secure a Sponsorship
Study for series 7 exam
Pass it :)
If Congress wanted to use contractionary fiscal policy to combat inflation, they wouldQuestion 10 options:Raise taxes and cut spendingCut taxes and raise spendingRaise taxes and raise spendingCut taxes and cut spendingDestroy moneyPrint money
If Congress wished to battle inflation through contractionary fiscal policy, they would a) raise taxes and slash spending.
A contractionary policy is a monetary measure used by a central bank to restrict government spending or the rate of monetary expansion. It is a macroeconomic measure used to control growing inflation.
The main contractionary measures used by the US government include raising interest rates, boosting bank reserve requirements, and selling government securities. Contractionary measures are intended to prevent potential capital market distortions.
High inflation from a rising money supply, unjustified asset prices, or crowding-out effects, in which a rise in interest rates leads to a fall in private investment spending, dampening the initial increase in total investment spending, are examples of distortions.
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Correct question:
If Congress wanted to use contractionary fiscal policy to combat inflation, they would
a) Raise taxes and cut spending
b) Cut taxes and raise spending
c) Raise taxes and raise spending
d) Cut taxes and cut spending
e) Destroy money
f) Print money
You have the following information
Salam $1,000
Net profit margin= 5%.
Calculate Net Income
Answer:
$50
Explanation:
Net income will be the difference between the selling price and the Cost price.
Cost price is $1000
net profit margin is 5%, selling price will be
=$1000 + profit margin
= $1000 + (5/100 x 1000)
=$1000 + $50
=$1050
Net income = $1050 -$50
=$50
Suppose the total monetary value of all final goods and services produced in a particular
country in 2008 is $500 billion and the total monetary value of final goods and services
sold is $450 billion. We can conclude that:
A. GDP in 2008 is $450 billion.
B. NDP in 2008 is $450 billion.
C. GDP in 2008 is $500 billion.
D. inventories in 2008 fell by $50 billion.
im gone go for D hhalf oral Iran
Which of the following is true of a good benefits plan?
a. It is generally inexpensive to buy and administer.
b. It will stimulate higher performance levels.
c. It will encourage people to join an organization.
d. It will include redundancies in coverage.
e. It allows for smaller pay increases.
Answer:
C
Explanation:
The following is true of a good benefits plan it will encourage people to join an organization. The correct option is c.
What are the benefits of motivated employees?There are several benefits to having a motivated workforce, including lower absenteeism rates, employee retention rates, low staff turnover rates, improved management-worker relationships, higher worker performance, improved quality, and enhanced customer service.
A good benefits plan is an essential part of an organization's compensation strategy. It can be used to attract and retain talented employees and can be a competitive advantage in the job market. A well-designed benefits plan can also help to improve employee morale, motivation, and job satisfaction. While it may require a significant investment, a good benefits plan can provide a good return on investment for the organization.
Thus, the ideal selection is option c.
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which of the following are common financial ratios executives use to monitor business success of strategic initiatives?
These are the following common financial ratios that executives use to monitor the business success of strategic initiatives:
Internal rate of returnReturn on investment Break-even analysisPayback methodWhat are the financial ratios?This method consists of determining the relationships between the different items of the financial statements, so that through a correct interpretation, you can obtain information about the previous performance of the company and its financial position for the near future.
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Can someone help me please DUE 8 O CLOCK I will do the rest by myself just want this done as an example
mya purchases a michael kors watch from antonio for 350.00 after the purchase and collection antonio tells mya "by the way you also get a 1 year warranty" 3 months later the watch is experiencing issues and mya contacts antonio to demand a refund. Antonio refuses and mya is upset and threatens to sue antonio for breach of contract
Do this in the IRAC METHOD
This case bothers around the law of contracts and breach of contract.
Issues: Mya purchases a Michael Kors watch from antonio for $350.00 after the purchase and collection antonio tells mya "by the way you also get a 1-year warranty" 3 months later the watch is experiencing issues and Mya contacts Antonio to demand a refund. Antonio refuses and Mya. The issue here appears to be a breach of contract.
Rule: A breach of contract is defined as a failure to execute any promise that comprises all or part of the contract without justification. If Mya can prove that there was a contract that was breached, then she can go ahead to sue Antonio. Mya should be looking at documented evidence that Antonio promised a 1 - year warranty. The general rule is suggestive of the fact that for a contract to exist, there must an offer, acceptance, and consideration.
Application: It can be inferred that Antonio indirectly acknowledted the existence of the contract because he refused to honor it. Not that he denied the existence of such contrat.
Conclusion: Mya having gathered enough evidence will due well to speak with her lawyer about serving Antonio a Write of Summons.
What is a Breach of Contract?Breach of contract is a legal reason for action and a sort of civil wrong in which one or more of the contract's parties fails to fulfill a contractual agreement or bargained-for exchange by failing to perform or interfering with the other party's performance.
A contract breach happens when one party to a contractual agreement fails to deliver on the terms of the agreement. A contract violation can occur in both a written and an oral contract. A breach of contract can be resolved among the parties concerned or in a court of law.
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Helppppp pleaseeee!!!!!!!!!
explain the factor that enhance industrial development
The following are the top 6 elements that have an impact on industrial productivity:
Policy of the government.Human Resources' Level of Quality.Financial accessibility.Technological Progress.Natural Constraints.Management aptitude.What is industrial development?Seems to be the development and expansion of industries within an economy via the use of new technologies that make work simpler, quicker, and better and result in a growth in the output and earnings of a corporation. Science and technological advancement are promoted by industrial development. The industrial businesses carry out research and create new items. An illustration of industrial progress is ethanol in the form of biofuel. Industry studies its wastes and creates byproducts like biodiesel from Jatropha seeds.Industrialization gives way to urbanization. Growth in transportation and communication is a result of industrialization in a given area. Industrialization is important to attain defense production independence.To learn more about industrial development, refer to:
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What can Lena do to avoid the risk of having short supplies in times of need?
Lena works in an artificial jewelry-manufacturing unit. It is a family run business, and they have been depending on a single supplier for years.
As Lena is a proactive person, she can avoid the risk of being in short supplies of raw material by keeping a _______ supplier for every one main supplier.
Answer:
Backup
Explanation:
Answer:
Backup
Explanation:
Correct on Plato
A company has developed a new gadget. If the gadget is successful, the present value of the payoff (at the time the product is brought to market) is $6.2 million. If the gadget fails, the present value of the payoff is $1.80 million. If the gadget goes directly to market, there is a 50 percent chance of success. Alternatively, the company can delay the launch by one year and spend $0.25 million to test-market the product. Test-marketing would allow the company to improve the product and increase the probability of success to 75%. The appropriate discount rate is 11%. Should the firm conduct test-marketing?
a. No, because NPV is lower by $0.25 million
b. No, because NPV is lower by approximately $0.31 million
c. No, because NPV is lower by approximately $0.11 million
d. Yes, because NPV is higher by approximately $0.34 million
e. Yes, because NPV is higher by approximately $0.19 million
Answer:
d. Yes, because NPV is higher by approximately $0.34 million
Explanation:
Calculation to determine whether the firm should conduct test-marketing
Calculation for Going directly to market:
Since there is a 50 percent chance of success First step is to calculate the Probability of failure
Probability of failure = 100% - 50%
Probability of failure = 50%
Now let calculate the NPV of going directly to market
NPV of going directly to market = 50% * $6.2 million + 50% * $1.80 million
NPV of going directly to market =$3,100,000+$900,000
NPV of going directly to market = $4,000,000
Calculation for Test marketing before going to market:
Since the probability of success is 75 percent the first step is to calculate the Probability of failure
Probability of failure = 100% - 75%
Probability of failure= 25%
Second step is to calculate Year 1 value
Year 1 value = 75% * $6.2 million + 25% * $1.80 million
Year 1 value=$4,650,000+$450,000
Year 1 value = $5,100,000
Now let calculate the NPV of test marketing before going to market
NPV of test marketing before going to market = $5,100,000 /(1 + 11%) - $250,000
NPV of test marketing before going to market=$4,344,595
Therefore based on the above calculation the firm should conduct test-marketing before going to the market because the NPV is higher by approximately $0.34 million ($4,344,595-$4,000,000)
a company purchased new furniture at a cost of $30,000 on september 30, the furniture is estimated to have a useful life of 4 years and a salvage value of $3,600. The company uses the straight-line method of depreciation. How much depreciation expense will be recorded for the furniture for the first year ended december 31
$412.5
Explanation:
(cost - salvage) ÷4
Then multiply the answer by 3/48
Match the following terms with their definitions.
1. Internal control
2. Control procedures
3. Firewalls
4. Encryption
5. Environment
6. Information system
7. Separation of duties
8. Collusion
9. Documents
10. Audits
11. Operational efficiency
12. Risk assessment
13. Sarbanes-Oxley Act
a. Two or more people working together to overcome internal controls.
b. Part of internal control that ensures resources are not wasted.
c. Requires companies to review internal control and take responsibility for the accuracy and completeness of their financial reports.
d. Should be prenumbered to prevent theft and inefficiency
e. Limits access to a local network.
f. Example: The person who opens the bank statement should not also be the person who is reconciling cash.
g. Identification of uncertainties that may arise due to a company's products, services or operations.
h. Examination of a company's financial statements and accounting system by a trained accounting professional.
i. Without a sufficient one of these, information cannot properly be gathered and summarized.
j. The organizational plan and all related measures that safeguard assets, encourage employees to follow company policies, promote operational efficiency, and ensure accurate and reliable accounting data.
k. Component of internal control that helps ensure business goals are achieved.
l. Rearranges data by a mathematical process-
m. To establish an effective one, a company's CEO and top managers must behave honorably to set a good example for employees.
Answer:
1. Internal control - The organizational plan and all related measures that safeguard assets, encourage employees to follow company policies, promote operational efficiency, and ensure accurate and reliable accounting data. (J)
2. Control procedures - Component of internal control that helps ensure business goals are achieved. (K)
3. Firewalls - Limits access to a local network. (E)
4. Encryption - Rearranges data by a mathematical process. (I)
5. Environment - To establish one a company, CEO and top managers must behave honorably to set a good example for employees. (M)
6. Information system - Without a sufficient one of these information cannot properly be gathered and summarized. (I)
7. Separation of duties - Example: The person who opens the bank statement should not also be the person who is reconciling cash. (F)
8. Collusion - Two or more people working together to overcome internal controls. (A)
9. Documents - Should be pre-numbered to prevent theft and inefficiency (D)
10. Audits - Examination of a company's financial statements and accounting system by a trained accounting professional. (H)
11. Operational efficiency - Part of internal control that ensures resources are not wasted (B)
12. Risk assessment - Identification of uncertainties that may arise due to a company's products services or operations . (G)
13. Sarbanes-Oxley Act - Requires companies to review internal control and take responsibility for the accuracy and completeness of their financial reports. (C)
15. What is the next number in the series?
67
59
51
43
35
27
Task: Now that you are about 50% completed with your course, I would like for you to take this time to reflect on your current grade. Your task is to:
1. Review your grade by looking up your Actual Grade and Progress.
2. Write a 3-4 sentence reflection piece on how you aim to continue thriving or how you will improve your grade. This
must be in complete sentences in order to recieve appropriate credit.
Once you have gathered your information, you will enter it below in paragraph form. Everything must be in complete sentences. Please check for any grammar and/or punctuation errors.
Answer:
I don't really think you need help with this but umm you can write after looking at your grade: *this is an example*
Explanation:
(For online)
"I would like to improve my grade by focusing more and not getting distracted. Another way I would like to improve my grade is where I can work without any noise. Lastly, I would like to improve my grade by turning off any electronics in sight or reach."
(Longer sentence with some grammar and/or punctuation errors checked):
"I would like to generally improve my grade by focusing kind of more and not getting distracted, particularly contrary to popular belief. Another way I would like to mostly improve my grade basically is where I can work without any noise, which specifically is quite significant. Lastly, I would like to kind of improve my grade by turning off any electronics in sight or reach, or so they for the most part though."
-------------------------------------------------------------------------------------------------------------
(For face to face school)
"I would like to improve my grade by asking the teacher for help when needed. Try and ignore my friends when they try and talk to me in class (if you're with friends), Try and ignore people around me if they talk to each other or if they talk to me (without friends). Focus on my work and take notes when asked or needed."
(Longer sentence with some grammar and/or punctuation errors checked):
"I would like to for the most part improve my grade by asking the teacher for particular help when needed, or so they definitely thought. Try and mostly ignore my friends when they for the most part try and definitely talk to me in class (if you're with friends), generally Try and basically ignore people around me if they really talk to each definitely other or if they, for the most part, talk to me (without friends), basically contrary to popular belief. Focus on my work and particularly take notes when for all intents and purposes asked or needed, demonstrating how literally try and for the most part ignore my friends when they mostly try and specifically talk to me in class (if you\'re with friends), actually Try and basically ignore people around me if they, for the most part, talk to each definitely other or if they actually talk to me (without friends), which particularly is fairly significant."
Lastly:
Good Luck!
pls help i will give branlyist
Choose a specific administrative support job. Then explain the type of multitasking a person might have to do in that job.
Give an example of a clear subject line for an email and an unclear subject line. Then explain why the clear subject line is better.
The administrative position of human resources entails multiple tasks, including payroll, hiring, recruiting, preserving the work environment, and others.
Describe human resources.?Human resources professionals hire, interview, and screen job prospects as well as designate positions for newly hired personnel. They could also be in charge of pay and benefits, employee relations, and training. Professionals in labor relations supervise and assess employment contracts.
Processing payroll, writing job descriptions, establishing workplace norms, and purchasing benefits are all common HR administration tasks.
Thus, the administrative position is in human resources.
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What are 4 status types that can be assigned to an estimate in QuickBooks Online?
Answer:
The status of estimates in QuickBooks Online is Pending, Accepted, Closed and Rejected.
Explanation:
The four status types are provided below:
PendingAcceptedClosedRejected→ Pending - To take account of something like the consumer, users can simply create a fresh quotation.
→ Accepted - The quotation has been somewhat acknowledged or confirmed by your client.
→ Closed - Around one several circumstances could be described here. Whether you have determined that you'll never seek particular goods as well as activity, or you'll never pay for something like this.
→ Rejected - The client opted not to acknowledge perhaps the appreciation.
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Increased capital investment is generally used for what business expenses?
A:capital expenditures
B:employee compensation
C:inventory purchases
D:health insurance
"It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their
own self-interest. We address ourselves not to their humanity but to their self-love, and never talk to them of our own
necessities, but of their advantages"
After reading the quote above it can be inferred that
A The author believed people were motivated to act by their humanity alone
B The author believed that individuals act in a self-serving fashion
C The author believed that a large government was needed to meet the needs of citizens
D The author supported communal property
B The author believed that individuals act in a self-serving fashion. The quote suggests that people are motivated to act based on their own self-interest rather than any inherent benevolence or concern for others.
Todd is working on resource scheduling in preparation for the start of a project. There is a potential problem in the works, however, as the new collective bargaining agreement with the company's union has not been concluded. Todd decides to continue working on the resource schedule in anticipation of a satisfactory settlement. Todd's approach would be an example of which method of dealing with risk
Answer:
Accept it.(Risk).
Explanation:
This is commonly known also as risk retention which is been encountered in business or investments. Many businesses use risk management techniques to identify, assess and prioritize risks for the purpose of minimizing, monitoring, and controlling said risks.
Most businesses and risk management personnel will find that they have greater and more numerous risks than they can manage, mitigate, or avoid given the resources they are allocated. As such, businesses must find a balance between the potential costs of an issue resulting from a known risk and the expense involved in avoiding or otherwise dealing with it. Types of risks include uncertainty in financial markets, project failures, legal liabilities, credit risk, accidents, natural causes and disasters, and overly aggressive competition.