Many landscaping companies offer snow removal services in the winter. This is an example of complementary services. Complementary services are additional services that a company provides alongside its primary service to enhance the customer experience.
The provision of snow removal services by landscaping companies in winter is an example of complementary services because it is an additional service provided by a company that primarily offers landscaping services. This additional service enhances the customer experience by providing a comprehensive solution to their winter needs.
Landscaping companies, by providing complementary services, can attract more customers and retain their existing ones. The provision of snow removal services ensures that customers do not have to look for another company to provide the service, and this creates a sense of convenience and reliability.
Complementary services can also be used to upsell a customer. For instance, when a customer requests snow removal services from a landscaping company, the company can upsell other services such as garden decoration services or lawn maintenance services. This strategy can be an effective way to increase the company's revenue and customer satisfaction.
To know more about services refer here:
https://brainly.com/question/29359298#
#SPJ11
The most common theme of how women were historically oppressed in the world’s societies is the omission of women as being legally, ___________, economically and even _______ on par with men.
Historically, women have been systematically oppressed in societies worldwide, as they were excluded from legal, social, economic, and political equality with men.
Historically, women faced oppression in various aspects of society. They were excluded from legal, social, economic, and political equality with men. Legally, women lacked basic rights and were often considered property or dependents. Socially, they were confined to traditional gender roles and had limited opportunities. Economically, women faced lower pay and were excluded from decision-making. Politically, they were denied the right to vote and hold public office. This systemic exclusion perpetuated gender inequalities, denying women autonomy and full participation in society. Recognizing and challenging these injustices is crucial for promoting gender equality and creating a more inclusive future.
Overall, the omission of women from legal, social, economic, and political equality with men has been a recurring pattern of historical oppression. This systemic exclusion has perpetuated gender inequalities, denying women opportunities for self-determination, autonomy, and full participation in society. Recognizing and challenging these historical injustices is crucial for promoting gender equality and creating a more inclusive and equitable future for all.
Learn more about legal here:
https://brainly.com/question/31164189
#SPJ11
Why would it be a bad thing for workers (especially children) to be doing double the work during their shifts? (Think baout trying to manage two machines at one time)
Answer:
Double work can lead to the body developing a lot of health related problems due to the stress placed on it. These problems are not only bad for the workers themselves but also for the company hiring them.
Some of the health problems that may arise include:
Diabetes Increased risk of heart diseaseHigh blood pressure Depression Sleep deprivation FatigueThese problems can affect both children and adults and so double shifting should be discouraged.
As a result of these health problems, the employer may be affected by:
Absenteeism - Workers will not show up for work in order to recuperate and this will reduce the firm's productivity. Lack of concentration - sleep deprivation can lead to a lack of concentration which can lead to mistakes being made that could be costly to the company. High staff turnover - people will leave the company to avoid the stress of working double shifts and the company would have to keep spending on training new employees who will take time to learn the tricks of the trade thereby costing the company more.initial equity in a property is $100,000. year 1 before-tax cash flow is $7,500. what is the cash-on-cash rate of return
The cash-on-cash rate of return is 7.5%.
The cash-on-cash rate of return is a financial metric used to measure the return on investment (ROI) in real estate. It calculates the annual before-tax cash flow as a percentage of the initial equity investment.
In this scenario, the initial equity in the property is $100,000, and the before-tax cash flow in year 1 is $7,500. To calculate the cash-on-cash rate of return, we divide the before-tax cash flow by the initial equity investment and multiply by 100.
Cash-on-cash rate of return = (Before-tax cash flow / Initial equity investment) x 100
Using the given values, we have:
Cash-on-cash rate of return = ($7,500 / $100,000) x 100 = 7.5%
This means that for every dollar of equity invested in the property, the investor is generating a 7.5% return in the form of before-tax cash flow in the first year.
The cash-on-cash rate of return provides a useful measure of the income generated relative to the initial investment in a property. It helps investors assess the profitability of a real estate investment and compare it to other potential investment opportunities. However, it's important to consider other factors such as property appreciation, operating expenses, and potential risks to make a comprehensive evaluation.
Learn more about : Cash-on-cash
brainly.com/question/12906776
#SPJ11
In which countries do people prefer discussing business during meals?
Create a minimum of 10 questions that you will ask your potential marketing client in order to be able to create and develop an advertising campaign for them. Utilize the information in the focus section above and in your course lessons. You will need to gather information about their company and its values, the area of focus for the ad campaign, target market, and other pertinent information.
Answer:
1. Are you advertising to a specific group of people/ Who is your target audience?
2. How would you reach out to that audience/What emotions are you trying to trigger within their minds?
3. How would you justify your prices?
4. Is your idea viable in the current market?
5. How would you differentiate your goods and services from any other similar products in the industry?
These are just examples. Hope this helps!
How does compromising differ from accommodating in the Thomas-Kilmann Conflict Mode Instrument (TKI)?
-Compromising is where the representative considers everyone in the conflict to be important and attempts to meet the needs of all, while accommodating is finding a solution that asks everyone to give up something so that everyone is satisfied at some level.
-Compromising is giving in to the customer at the expense of the organization while accommodating entails finding a solution that asks everyone to give up something so that everyone is satisfied at some level.
-Accommodating is giving in to the customer at the expense of the organization while compromising entails finding a solution that asks everyone to give up something so that everyone is satisfied at some level.
-Accommodating is where the representative considers everyone in the conflict to be important and attempts to meet the needs of all, while compromising is finding a solution that asks everyone to give up something so that everyone is satisfied at some level.
Answer:
Accommodating is giving in to the customer at the expense of the organization, while compromising entails finding a solution that asks everyone to give up something so that everyone is satisfied at some level.
Explanation:
how does a ""fairness bias"" corrupt news reporting?
Term "fairness bias" refers to a potential pitfall in news reporting where journalists strive to present both sides of an issue equally This can distort perception of objectivity and accuracy in news reporting, as it creates a false equivalency between well-supported arguments and baseless claims.
When journalists give equal weight to both sides without proper contextualization or fact-checking, they inadvertently contribute to the spread of misinformation or misleading narratives.
Fairness bias can be detrimental because it allows falsehoods or unfounded claims to gain traction and influence public opinion, undermining the integrity and accuracy of news reporting.
Know more about journalists here:
https://brainly.com/question/10160256
#SPJ11
Within the keynesian model, the multiplier effect tends to.
Within the Keynesian model, the multiplier effect tends to increase aggregate demand and output. This effect occurs when an increase in investment or government spending increases the income of workers, which in turn leads to an increase in consumer spending.
This increased spending creates a chain reaction that results in a greater overall increase in output and employment than the initial increase in investment or spending. The multiplier effect is calculated by dividing the change in output by the initial increase in investment or spending. The larger the multiplier effect, the greater the increase in output and employment. The Keynesian model emphasizes the importance of government intervention in stabilizing the economy during times of economic downturns through fiscal policy measures such as increased government spending and tax cuts to stimulate aggregate demand.
To know more about Keynesian model visit-
brainly.com/question/32242068
#SPJ11
Question 2 of 10
Jeremy doesn't have a lot of money to spend on advertising, but he knows his
target audience are local outdoor enthusiasts. Which type of media format
should Jeremy use to advertise?
A. Local newspapers
B. Billboards on busy streets
C. National television commercials
D. Plane banners
Answer:
B. Billboards on busy streets
Explanation:
Billboard advertising involves making use of large-scale print advertisements to market a company's products and services. Billboards are strategically mounted in high traffic areas to pass their message to as many people as possible. Busy highways and streets, strategically located buildings are ideal places to put billboards.
Jeremy should consider using billboards for the following reasons.
His clients are local outdoor enthusiasts; he needs to find out their favorite destinations are put billboards along the way. This way, he will capture their attention.Billboards are less costly compared to other advertisement options, such as television or plane banners.Billboards will be effective in his case. Because his clients are local, and billboards remain in place for several days or weeks, his target clients will not fail to spot them.Answer:local news papers
Explanation:
50) Inventory does not include:
A) Materials used in the production of goods to be sold.
B) Assets intended to be sold in the normal course of business.
C) Equipment used in the manufacturing of assets for sale.
D) Assets currently in production for normal sales. ,
Inventory is a crucial part of any business that deals with the production and sale of goods.
It represents the value of goods that are held for sale, including raw materials, work in progress, and finished goods. However, inventory does not include all assets related to the production and sale of goods.
Option A is incorrect because materials used in the production of goods to be sold are considered part of inventory. These materials may include components, raw materials, and other items used in the production process.
Option B is incorrect because assets intended to be sold in the normal course of business are also considered part of inventory. This may include finished goods that are ready to be sold to customers.
Option C is incorrect because equipment used in the manufacturing of assets for sale is considered part of property, plant, and equipment. This equipment is not included in inventory because it is not held for sale.
Option D is the correct answer because assets currently in production for normal sales are considered work in progress, not inventory. Work in progress represents goods that are in the process of being produced but are not yet ready to be sold.
In conclusion, inventory does not include assets currently in production for normal sales. Instead, it includes finished goods ready to be sold, raw materials, and work in progress.
Learn more about Inventory :
https://brainly.com/question/15118949
#SPJ11
which manager designs the product in a business
Answer:
Product Design Management (PDM)Explanation:
Product Design Management (PDM) is one of the most important elements in the successful business of designing innovative products for production.Select a business and write its strengths, weaknesses, opportunities and
threats
* a good answer please
Answer:
i can't understand your question bro
Calculate the nominal annual cost of nonfree trade credit under
each of the following terms. Assume that payment is made either on
the discount date or on the due date.
a. 1 10, net 20
b. 2 10, net 60
To calculate the nominal annual cost of nonfree trade credit, we need to consider the terms of the credit and the discount offered.
a. 1 10, net 20:
This means that a 1% discount is offered if payment is made within 10 days, otherwise, the full amount is due within 20 days.
To calculate the cost, we need to find the difference between the discounted amount and the full amount, and then annualize it.
Assuming a 365-day year, the nominal annual cost of nonfree trade credit for option a can be calculated as follows:
Nominal Annual Cost = (Discounted Amount - Full Amount) / (Full Amount) * (365 / (Payment Days - Discount Days))
Discounted Amount = Full Amount * (1 - Discount Rate)
Discounted Amount = Full Amount * (1 - 0.01) = Full Amount * 0.99
Nominal Annual Cost = (Full Amount * 0.99 - Full Amount) / (Full Amount) * (365 / (20 - 10))
Simplifying the equation:
Nominal Annual Cost = -0.01 / 0.01 * (365 / 10)
Nominal Annual Cost = -1 * 36.5
Nominal Annual Cost = -36.5%
The nominal annual cost of nonfree trade credit for option a is -36.5%.
b. 2 10, net 60:
This means that a 2% discount is offered if payment is made within 10 days, otherwise, the full amount is due within 60 days.
Using the same formula as above, we can calculate the nominal annual cost:
Discounted Amount = Full Amount * (1 - Discount Rate)
Discounted Amount = Full Amount * (1 - 0.02) = Full Amount * 0.98
Nominal Annual Cost = (Full Amount * 0.98 - Full Amount) / (Full Amount) * (365 / (60 - 10))
Simplifying the equation:
Nominal Annual Cost = -0.02 / 0.02 * (365 / 50)
Nominal Annual Cost = -1 * 7.3
Nominal Annual Cost = -7.3%
The nominal annual cost of nonfree trade credit for option b is -7.3%.
Note: The negative sign indicates that there is a cost associated with the credit, which means the buyer is effectively paying more than the face value of the product due to the credit terms.
To know more about nominal annual cost click this link -
brainly.com/question/32114465
#SPJ11
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
learn more about managers here
https://brainly.com/question/32150882
#SPJ11
What types of procedures in schools could benefit from TQM? If students are regularly late for classes, how can the school use TQM tools to help solve the problem?
I WILL GIVE BRAINLIES, FIVE STARS AND MY THANFUL THANKS!!!~
Using complete sentences post a detailed response to the following.
Lionel works for an energy company interested in drilling for oil off the coast of a small island. The representative for the local fishing industry, Rochelle, says that locals are vigorously opposed to Lionel’s idea. A town meeting is held. Lionel explains how his company is dedicated to practicing the safest drilling techniques. He explains that oil piped from the ocean’s floor is purer and that it can be harvested in a more efficient way than an oil rig on land. Lionel also emphasizes how much the trucks carrying fish to the markets all over the country would save if local oil was able to be used. Rochelle fires back that in the past, serious accidents with offshore oil drilling have been reported. She points out that if there were a spill, the resulting death of fish would cost the local fisherman their livelihood. Local opinion on the issue is split. Before the town agrees to side with Lionel’s energy company or Rochelle’s local fish industry, officials order a report from a biotechnologist. Everyone agrees to go with what the biotechnologist recommends. Which side do you think the biotechnologist will agree with? Why?
Answer:
they need more detail because how is his livelihood
Explanation:
Kaylin works in the Manufacturing career cluster. The daily tasks of her career involve looking at ways that her company is at risk for causing problems to the health of its workers. She also analyzes those problems and comes up with solutions to implement.
What job does Kaylin most likely have?
Occupational Health and Safety Specialist
Environmental Science and Protection Technician
Quality Control Analyst
Product Safety Engineer
Answer:
A-Occupational Health and Safety Specialist
Explanation:
Occupational Health and Safety Specialist. Hence, option A is appropriate.
What is the meaning of Health?A state of complete physical, mental, and social well-being is referred to as health. A balanced diet and consistent exercise are necessary for a healthy life cycle. Additionally, one needs to maintain appropriate hygienic practices, live in a decent shelter, and get adequate sleep.
Your lifestyle should include a commitment to good health. A healthy lifestyle can aid in the prevention of chronic diseases and debilitating conditions. Your self-esteem as well as self-image depend on how you feel about yourself and how well you take care of your physical and mental well-being. Living a healthy lifestyle means taking care of your body.
Personal health is divided into five categories: physical, emotional, social, spiritual, and intellectual.
The WHO Constitution defines "health" as "a condition of complete physical, mental, and social well-being and not only the absence of disease or disability." Balanced health is based on five pillars: activity, diet, sleep, stress reduction, and social interaction. While we can borrow from or swap out part of the balance in one area for another, when we take too much of too many of these fundamentals, our general health begins to deteriorate.
Hence, option A is correct.
Learn more about Health here:
https://brainly.com/question/30034245
#SPJ6
I need a good answer to this by Friday. Research various sources or Web sites that can help an entrepreneur with writing a business plan.
Now create a "Top 10" list of these sources in a table. The first one has been done for you.
Discuss what your first choice of sources to use as an entrepreneur would be and explain why.
The Web sites that can help an entrepreneur in writing a good business plan are:
The Economist.Forbes.com/entrepreneur.Under 30 CEO, etc.What is a business plan?A business plan is known to be a kind of written document that tells onw what they need to know about how a business can be run and also startup.
Concussively, Note that a business plan is regarded as the roadmap for any company in terms of marketing, financial standpoints, etc. The Economist will help the entrepreneur to know more about starting a business and what the market looks like.
Learn more about Web sites from
https://brainly.com/question/13171394
#SPJ1
Which of the following is not a reason for redesigning a product or service?
A) to reduce labor or material cost
B) to increase the level of customer satisfaction
C) to increase quality
D) to increase the level of employee satisfaction
E) to attract and increase customer demand
To produce x units of a religious medal costs C(x)=18x+32. The revenue is R(x)=26x. Both cost and revenue are in dollars. a. Find the break-even quantity. b. Find the profit from 250 units. c. Find the number of units that must be produced for a profit of $80.
The number of units that must be produced for a profit of $80 is 14 units. To find the break-even quantity, we need to determine the point at which the revenue equals the cost. In other words, we need to find the value of x where R(x) = C(x).
Given:
Cost function: C(x) = 18x + 32
Revenue function: R(x) = 26x
a. Break-even quantity:
To find the break-even quantity, we set R(x) equal to C(x) and solve for x:
26x = 18x + 32
Simplifying the equation, we get:
8x = 32
Dividing both sides by 8, we find:
x = 4
Therefore, the break-even quantity is 4 units.
b. Profit from 250 units:
To find the profit from 250 units, we need to subtract the cost from the revenue at that quantity:
Revenue at 250 units: R(250) = 26 * 250
Cost at 250 units: C(250) = 18 * 250 + 32
Profit = Revenue - Cost
Profit = R(250) - C(250)
Calculate the revenue and cost at 250 units, and then subtract the cost from the revenue to find the profit.
c. Number of units for a profit of $80:
To find the number of units that must be produced for a profit of $80, we set the profit equation equal to $80 and solve for x:
Profit = R(x) - C(x)
$80 = 26x - (18x + 32)
Simplifying the equation, we get:
80 = 8x - 32
Adding 32 to both sides, we find:
112 = 8x
Dividing both sides by 8, we get:
x = 14
Therefore, the number of units that must be produced for a profit of $80 is 14 units.
Learn more about break-even quantity here:
https://brainly.com/question/30852518
#SPJ11
What is mandatory spending? What are entitlements?
Spending that is necessary includes contributions to entitlement systems like Social Security and Medicare as well as required interest payments on the national debt.
What is national debt?A nation's total amount owed to creditors is known as its national debt. As a measure of a country's sustainability, economists frequently concentrate on the debt to GDP ratio.
Countries borrowing in a currency under their control have the option of issuing new money to pay off their debt. The rapidly expanding U.S. budget deficits in the upcoming years are projected to be made worse by rising interest rates and Social Security deficits.
At historic levels each month, the U.S. national debt is now in the tens of trillions of dollars. The ratio of the country's debt to its gross domestic product, or debt-to-GDP, is typically considered to be more significant than the nominal level of the national debt in dollars.
Learn more about national debt, here
https://brainly.com/question/22684204
#SPJ1
For every C or lower you earn on your report card, your parents make you give up one of your fun nights out per week. This is an example of
a.) neither a positive nor a negative incentive
b.) a negative incentive
c.) a positive incentive
d.) both a positive and a negative incentive
Answer:
B.) a negative incentive
Explanation:
A negative incentive is penalties that discourage a certain type of behavior. Therefore, if you earn C's or anything below that, your parents will force you to give up one of your fun nights out each week.
If parents make you give up one of your fun nights out per week for every C or below on your report card. This is an illustration of negative incentive.
What is negative incentive?Negative incentive measures, often known as disincentives, are methods that are used to prevent actions that affect biodiversity. User fees and pollution levies are examples of disincentives.
A negative incentive is penalties that discourage a certain type of behavior. Therefore, if you earn C's or anything below that, the parents will force giving up one of your fun nights out each week.
Therefore, option b is correct.
Learn more about the negative incentive, refer to:
https://brainly.com/question/12530175
A potential negative result of trade agreements is
Why is market management one of the most important factors for successful business
Market management is an essential part of running a successful business for a few reasons. First, it helps a business understand its target market and the needs and preferences of its customers. This information is crucial for developing products and services that will be in demand and generate revenue.
Second, effective market management can help a business differentiate itself from its competitors. By understanding the market and its competitors, a business can develop unique products and marketing strategies that will help it stand out and gain a competitive advantage.
Third, market management can also help a business anticipate and respond to changes in the market. This can be especially important in today's fast-paced and ever-changing business environment. By staying on top of market trends and customer needs, a business can adapt and evolve to remain competitive.
Overall, market management is an important factor for successful business because it helps a business understand its customers, differentiate itself from competitors, and respond to market changes.
Adoption of ASC Topic 842 related to leases represents a Multiple Choice o voluntary change in accounting principle.o mandatory change in accounting estimate. o voluntary change in accounting estimate. o mandatory change in accounting principle. Which of the following accounting principle changes typically is reported prospectively? Multiple Choice o Adopting ASC topic 606 on revenue recognition on the standard's effective date. o Changing inventory method from LIFO to FIFO.o Changing inventory method from FIFO to LIFO.o Changing reporting of investments from the equity method to the fair value method. ASC Topic 606 on Revenue Recognition requires which transition method? Multiple Choice o Modified retrospective approach o Full retrospective restatement o Retrospective restatement or prospective approach o Full retrospective restatement or modified retrospective approach
Adoption of ASC Topic 842 related to leases represents D. mandatory change in accounting principle.
What exactly is ASC 842 adoption?According to the ASC 842 standard for GAAP lease accounting, all leases lasting more than 12 months must be recorded as assets and liabilities on balance sheets. This new standard was developed by the Financial Accounting Standards Board (FASB) to promote greater transparency between investors and businesses.
A contract is or contains a lease if the contract conveys the right to control the use of identified property, plant, or equipment (an identified asset) for a period of time in exchange for consideration," states ASC 842-10-15-3.
A change in accounting principle may be required by newly issued guidance or as a result of the reporting entity's decision to adopt a different accounting principle because it is preferable.
Therefore, based on the information, the correct option is D.
Learn more about accounting on:
https://brainly.com/question/26380452
#SPJ1
What, in your opinion is the future direction of
purchasing/sourcing in supply chain
practice in an organisation?
the future direction of purchasing/sourcing in supply chain practice in an organization will focus on digitization, sustainability, supplier relationship management, and cost reduction. Organizations that can effectively manage these areas will be well-positioned to compete and thrive in the years to come.
Purchasing/sourcing is one of the key functions of supply chain management. In recent times, it has undergone significant changes due to technology advancements and a shift towards sustainability. In my opinion, the future direction of purchasing/sourcing in supply chain practice in an organization will focus on the following areas:
1. Digitization: Technology has already had a huge impact on procurement and sourcing. In the future, we will see even more digital transformation in this area. This will include increased automation of procurement processes, the use of advanced analytics to drive better decision-making, and the implementation of blockchain technology to improve supply chain transparency and reduce fraud.
2. Sustainability: Sustainable procurement will become increasingly important for organizations. Consumers are becoming more conscious of the environmental and social impact of products they buy, and companies are responding by sourcing goods and services from suppliers that adhere to sustainable practices. This trend is likely to continue, and organizations will need to ensure that their supply chains are environmentally and socially responsible.
3. Supplier Relationship Management: Managing supplier relationships will become even more critical in the future. This will involve developing closer relationships with key suppliers, collaborating more closely with them, and engaging in joint innovation projects. Companies will also need to ensure that they have a diverse and resilient supply base to mitigate risk.
4. Focus on Cost Reduction: While sustainability and supplier relationship management are important, cost reduction will continue to be a key driver for procurement and sourcing. Organizations will need to balance these objectives by identifying cost savings opportunities while ensuring that their supply chains are sustainable and their relationships with suppliers are strong.
To know more about direction visit;
brainly.com/question/30173481
#SPJ11
What kind of lights can be used to highlight merchandise while leaving the rest of the display space dimly lit or dark? _______ can be used to highlight merchandise while leaving the rest of the display space dimly lit or dark.
Answer:
Accent light can be used to highlight merchandise whilst keeping other space dark.
Explanation:
Answer:
Spotlights
Explanation:
muhammad yunus, founder of the grameen bank, was highly successful in his use of applying social incentives through group responsibility in order to maximize loan repayment rates. this success created an incentive for other banks to:
Muhammad Yunus, The Grameen bank founder, was highly successful in applying social incentives through group responsibility to maximize loan repayment rates and created an incentive for other banks to offer similar loans to the poor.
Since Professor Muhammad Yunus founded Grameen Bank in 1976, several economists have analyzed the Grameen Bank's success in trying to eradicate poverty in Bangladesh, either theoretically or empirically. He used social incentives through group responsibility to maximize loan repayment rates and created an incentive for other banks to offer similar loans to the poor.
Social incentives refer to a wide variety of interpersonal motivations and rewards that encourage people to act in a socially valued and approved manner. Projecting a positive reputation and social image, obtaining social acceptance, and moving up the social hierarchy are all examples of social incentives.
To learn more about social incentives :brainly.com/question/3579101
#SPJ4
exeter has a material standard of 1 pound per unit of output. each pound has a standard price of $26 per pound. during july, exeter paid $142,000 for 5,030 pounds, which they used to produce 4,790 units. what is the direct materials price variance? (do not round your intermediate calculations.)
Note that in the above scenario, the direct materials price variance is: $10,547.90.
What is Direct Material Price Variance?The direct materials price variance is defined as the difference between the actual price paid for materials and the standard price for those materials.
To calculate the direct materials price variance, you first need to determine the standard cost of the materials used during the period in question.
The standard cost of materials = Standard quantity of materials x Standard price per unit
= 1 pound per unit x $26 per pound
= $26 per unit
Next, we compute the actual cost of the materials used during July. This is given as:
Actual cost of materials = Total amount paid for materials / Total quantity of materials used
= $142,000 / 5,030 pounds
= $28.09 per pound
Finally, you can calculate the direct materials price variance by subtracting the standard cost of the materials from the actual cost of the materials:
Direct materials price variance = Actual cost of materials - Standard cost of materials
That is
= $28.09 per pound - $26 per pound
= $2.09 per pound
Hence, the Direct materials price variance is:
2.09 x 5030
= $10,547.90.
Thus, it is correct to state that the direct materials price variance is: $10,547.90.
Learn more about Direct Material Price Variance:
https://brainly.com/question/29639283
#SPJ1
Which macroeconomic factors are commonly considered in fundamental analysis?- The state of the international economy- The prospects of the broader economy- Business cycles
Common macroeconomic factors considered in fundamental analysis include:
The state of the international economy: This involves analyzing global economic trends, such as GDP growth rates, trade patterns, inflation rates, and exchange rates. International economic conditions can impact the performance of domestic companies, especially those with significant global exposure.
The prospects of the broader economy: Fundamental analysis takes into account the overall health of the domestic economy. Factors such as GDP growth, employment rates, inflation levels, interest rates, and government fiscal policies are evaluated to assess the potential impact on business operations and profitability.
Business cycles: Fundamental analysis considers the stage of the business cycle, including expansion, peak, contraction, and trough phases. Different sectors and industries may perform differently depending on the phase of the business cycle. Understanding the current stage helps investors evaluate the growth potential and risk associated with specific investments.
Learn more about fundamental analysis here:
https://brainly.com/question/29418993
#SPJ11