Net operating income is less under absorption costing than under variable costing when inventory for the period increases.
Absorption costing considers both variable and fixed manufacturing costs as product costs, while variable costing only considers variable manufacturing costs as product costs. When inventory increases, more units are produced than sold during the period.
In absorption costing, the fixed manufacturing costs are spread over more units, resulting in a lower cost per unit. As a consequence, some of the fixed manufacturing costs are not expensed in the current period but carried forward as part of the inventory. Under variable costing, the fixed manufacturing costs are treated as period costs and expensed in full in the current period, regardless of the inventory level.
As a result, when inventory increases, the net operating income under absorption costing is lower than under variable costing due to the deferral of some fixed manufacturing costs.
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You have a handyman services business. You have the following financial information for the month. Initial cash balance: $1,500 Projected revenue based on existing clients: $2,500 Gas: $100 Equipment maintenance fees: $300 Truck payment: $400 Payroll: $3,000 Insurance: $120 What is your projected ending cash balance for the month? Question 37 options:
A $4,000
B($80)
C $80
D $500
Answer:
$500
Explanation:
i did the test
From the given financial information the month end outcome of the Closing cash balance after considering all cash balance is $80.
What is Closing cash balance?
Closing Cash Balance or remaining cash balance refers to the remaining balance accounted by the accountant at the end of every particular period after considering all inflows and outflows of cash & cash equivalents from the opening balance of cash.
The inflows would be amount realized from the sale of goods or rendering of services, amount paid by debtors, sale of scarp, disposal of investment, etc.
Whereas outflows would be payment made to suppliers, creditors for expenses, revenue & capital expenditure of cash nature.
Following equation will give us better understanding:
Closing cash balance = Opening cash balance ($1,500) + Revenue ($2,500) - Gas ($100) - Equipment maintenance fees ($300) - Truck payment ($400) - Payroll ($3,000) - Insurance ($120) = $80.
Therefore the closing cash balance is $80.
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You have data for regions, products, and customers. Which option on a pivot table will you find in the fields list?.
The option on a pivot table is the Analyze option where one can find the Fields list.
Analyse optionA pivot tableIt is a table of grouped values that aggregates the individual items of a more extensive table within one or more discrete categories. This summary might include sums, averages, or other statistics, which the pivot table groups together using a chosen aggregation function applied to the grouped values.
Therefore, the answer is an analyze option.
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1.1.2 Quiz: Business Goals and Standards
Question 1 of 10
Define the word profit in business.
OA. Money left after costs are paid
B. Commercial activity
OC. Quality care
OD. Structure for wealth
SUBMIT
The word profit in business means the money left after costs are paid (option A).
What are the costs or business expenses?Costs or expenses in business include the costs that are considered necessary and ordinary as well. Business expenses include travel charges, bank fees, bank interests, payroll of the employees, fees, commissions, and office equipment.
The money that is left after paying the business expenses or the costs includes the profit. It is important to mention that businesses have to pay their business expenses and after deducting that money, the amount that is left with a business organization is the profit.
It can be concluded that the word profit in business means the money left after costs are paid (option A).
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Which of the following statements explains the difference between a lease and a loan?
a. At the end of a loan the car belongs to you, but at the end of a lease, the car still belongs to the
lease company.
b. At the end of a loan, the car still belongs to the lease company, but at the end of a lease the car
belongs to you.
C. A loan requires a large down payment at the beginning while a lease does not.
d. A lease requires a large down payment at the beginning while a loan does not
Answer:
A. At the end of a loan the car belongs to you, but at the end of a lease, the car still belongs to the
lease company.
Explanation:
The following statement which explains the difference between a lease and a loan, at the end of a loan the car belongs to you, but at the end of a lease, the car still belongs to the lease company. Thus, statement 'A' is the correct statement.
What is the difference between a lease and a loan?A lease is a long-term leasing arrangement for the use of a certain piece of equipment, whereas a loan is the borrowing of money. Loans and leases both offer advantages as a form of finance. The following are some crucial factors influencing your choice.
Loan: Typically, rates are variable and dependent on the prime rate or another index, like LIBOR. The monthly payout changes in line with changes in the index. This is advantageous when interest rates are down and harmful when they are rising. Banks won't fund machinery they don't understand or that they believe has little value as collateral.
Lease: Payments are typically fixed for the duration of the lease, barring any unusual terms. Budgeting and cash flow management are greatly facilitated by fixed payments. Because of our own financial capacity, we can finance most types of equipment.
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bzzagent mini case: bzzagent is a word-of-mouth marketing agency that runs brand advocate programs for global brands. it recently partnered with a company to pair its social media and word-of-mouth insights with shopper loyalty data. the results indicated that consumers who were making repeat purchases were also more engaged and created a higher volume of advocacy. the information from this study is important to marketers, who are trying to find ways to engage advocates and influencers, especially via social media. marketers are trying to figure out the characteristics of individuals who are most likely to influence others. in the bzzagent mini case, marketers are interested in finding individuals who influence others. the process by which one influential person informally influences the actions or attitudes of others is known as . question 28 options: a) referencing b) opinion leadership c) blogging d) positioning e) targeting
Marketers are searching for people who have sway over others in the BZZAGENT MINI CASE. Opinion leadership is the method by which one powerful individual subtly shapes the behaviors or attitudes of others.
The act of interpreting media messages or content for less sophisticated media users is known as opinion leadership. Usually, individuals who agree with opinion leaders hold them in high regard. The two-step communication flow idea put forward by Paul Lazarsfeld and Elihu Katz is where opinion leadership originates. Robert K. Merton, C. Wright Mills, and Bernard Berelson were significant contributors to the development of the opinion leader concept. The diffusion of innovations, concepts, or commercial goods is attempted to be explained by a number of models, some of which include this hypothesis.
Because we frequently ask for advice from others in a social setting, opinion leaders play a crucial part in information flow. The target audiences do not directly receive information from the media.
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When drawing a portrait, you want to make sure that the face you are drawing is _____________ (the right size).
Answer:
The right size
Explanation:
Owners invest $30,000 cash. 5: Buy machine for $5,000 cash. 10: Buy supplies on account, $980 15: Perform
Owners invest $30,000 cash on starting their business. On the 5th day, they buy machinery for $5,000 cash. Then, on the 10th day, they purchase supplies on account worth $980. On the 15th day, they perform the services.
When a business starts, owners can invest their cash. In this case, the owners invest $30,000 cash to start their business. After five days, the business buys a machine for $5,000 in cash. Therefore, the business's cash balance will reduce by $5,000, and the value of the machinery will be included in the balance sheet.
Supplies are purchased on account on the 10th day worth $980, which is a liability for the company since it is a payable, and it will be paid in the future. Thus, this amount is not deducted from the cash balance in the cash flow statement. However, it will increase accounts payable, which will be shown in the balance sheet of the company.
On the 15th day, the business performs its services. This is a source of income, which will be shown in the income statement. The income statement includes information on how much revenue the company earned and how much expenditure it incurred during the particular time period.
So, the main answer is that the business owners invested $30,000 cash, bought a machine for $5,000 cash, purchased supplies on account worth $980, and performed their services on the 15th day.
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TRUE / FALSE. experts suggest that you spend no more than of your net income on debt payments.
FALSE. Experts suggest that you spend no more than 30% of your net income on debt payments. This guideline is commonly referred to as the debt-to-income ratio and is used to assess an individual's ability to manage their debt responsibly.
By keeping debt payments within this range, individuals can maintain a healthy financial situation and have enough income available for other essential expenses, savings, and investments. Exceeding this recommended limit may increase the risk of financial strain, difficulty in meeting financial obligations, and potential debt problems. It is important for individuals to carefully manage their debt and ensure that their debt payments are in line with their income and overall financial circumstances.
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Explain the connection between the terms "division of labor" and "specialization".
Answer:
Division of labor leads to specialization
Explanation:
Division of labor refers to the process of subdividing work into small tasks. In the division of labor, the production process is divided into different stages. Each stage requires a specific task to be performed. Workers are assigned specific tasks depending on skills and abilities.
The division of labor leads to an increase in productivity. Each worker performs a regular task, using familiar tools. In time, the worker becomes an expert in what they do, thereby increasing productivity. Division of labor leads to specialization. When work is subdivided into tasks and assigned to a specific worker, the assigned employee specializes in that task. Specialization is the practice of focusing on a single or very few activities that one is good at doing.
The clock division of Control Central Corporation manufactures clocks and then sells them to customers for $10 per unit. Its variable cost is $4 per unit, and its fixed cost per unit is $2.50. Management would like the clock division to transfer 8,000 of these clocks to another division within the company at a price of $5. The clock division could avoid $0.50 per clock of variable packaging costs by selling internally. (a) Determine the minimum transfer price, assuming the clock division is not operating at full capacity.
Answer:
Minimum Transfer Price is $3.50
Explanation:
The Minimum transfer price is calculated by adding the variable cost per unit with the opportunity cost. In this case where the clock division is not operating at full capacity then the opportunity cost would be considered as $0.
Moreover, the division would be able to avoid a $0.5 cost per clock. Therefore, the variable cost will be $3.50 ($4 - $0.5) after eliminating the $0.5.
Finally, the minimum transfer would as follows:
Minimum Transfer Price = Variable cost + Opportunity Cost
Minimum Transfer Price = $3.50 + $0
Minimum Transfer Price = $3.50
which form of entry into a foreign market is more likely to provide a company with access to a local partner’s knowledge?
The form of entry into a foreign market that is more likely to provide a company with access to a local partner's knowledge is a joint venture.
A joint venture is a form of entry into a foreign market that can provide a company with access to a local partner's knowledge. When a company decides to enter a foreign market, it has several options for market entry, such as exporting, licensing, franchising, joint ventures, and wholly-owned subsidiaries. Among these options, a joint venture involves forming a partnership with a local company in the target market. In a joint venture, both parties share ownership, control, and profits. A joint venture provides a unique advantage in terms of accessing a local partner's knowledge. By partnering with a local company, the company can tap into the partner's understanding of the local market, including consumer preferences, cultural nuances, distribution channels, regulatory requirements, and business practices.
The local partner brings valuable insights, contacts, and expertise that can significantly enhance the company's market entry and operations. Through a joint venture, the company can leverage the local partner's knowledge to navigate the challenges and complexities of the foreign market more effectively. The collaboration allows for knowledge sharing, mutual learning, and synergistic utilization of each party's strengths. This access to a local partner's knowledge can be instrumental in developing effective strategies, adapting to the local market conditions, and achieving a competitive edge in the foreign market.
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Which of the following factors will NOT lead to a shift in the demand of the U.S. dollar? A. Interest rate differentials B. Trade barriers C. The exchange rate D. Relative GDP levels Incorrect
The correct answer is D. Relative GDP levels. Changes in relative GDP levels between countries do not directly lead to a shift in the demand for a specific currency, such as the U.S. dollar. The demand for a currency is primarily influenced by factors such as interest rate differentials.
A. Interest rate differentials: Interest rate differentials between countries can affect the demand for a currency. Higher interest rates in one country relative to another can attract investors seeking higher returns, increasing the demand for that country's currency.
B. Trade barriers: Trade barriers, such as tariffs or quotas, can impact the demand for a currency. Restrictions on imports or exports can affect international trade flows, influencing the demand for currencies used in those transactions.
C. The exchange rate: Changes in the exchange rate between currencies can significantly impact their demand. A depreciation of a currency can make imports more expensive and exports more competitive, potentially affecting the demand for that currency.
Therefore, the correct answer is D. Relative GDP levels.
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22. ________ economic issues first motivated americans to get together to discuss the effectiveness of the articles of confederation.
The direct answer to the question is that economic issues first motivated Americans to get together to discuss the effectiveness of the Articles of Confederation.
1. Economic issues such as trade disputes, taxation problems, and the inability to regulate commerce were major concerns for the American states under the Articles of Confederation.
2. The central government created by the Articles of Confederation lacked the power to enforce economic policies and resolve these issues effectively.
3. This led to economic instability, trade barriers, and disagreements between states that hindered economic growth and development.
4. As a result, Americans recognized the need for a stronger central government that could address and resolve economic challenges.
5. The economic problems experienced under the Articles of Confederation played a significant role in motivating Americans to convene a Constitutional Convention to discuss the need for a new form of government that would better address their economic concerns.
6. This ultimately led to the creation of the United States Constitution, which established a more powerful central government with the authority to regulate trade, levy taxes, and address other economic issues.
In summary, economic issues were the primary motivating factor for Americans to come together and discuss the effectiveness of the Articles of Confederation. These issues highlighted the need for a stronger central government, which eventually resulted in the drafting of the United States Constitution.
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Taxes are the difference between? gdp and consumer spending. gdp and disposable income. gdp and net exports. consumer spending and saving.
Answer:
GDP and disposable income
Marilyn has a biweekly gross pay of $810 and claims 3 federal withholding allowances. Marilyn has all of the following deductions from her gross pay:
federal tax from the following table
A 9-column table with 7 rows is shown. Column 1 is labeled If the wages are at least with entries 720, 740, 760, 780, 800, 820, 840. Column 2 is labeled But less than with entries 740, 760, 780, 800, 820, 840, 860. Column 3 is labeled And the number of withholding allowances is 0, the amount of income tax withheld is, with entries 80, 83, 86, 89, 92, 95, 98. Column 4 is labeled And the number of withholding allowances is 1, the amount of income tax withheld is, with entries 62, 65, 68, 71, 74, 77, 80. Column 5 is labeled And the number of withholding allowances is 2, the amount of income tax withheld is, with entries 44, 47, 50, 53, 56, 59, 62. Column 6 is labeled And the number of withholding allowances is 3, the amount of income tax withheld is, with entries 26, 28, 31, 34, 37, 40, 43. Column 7 is labeled And the number of withholding allowances is 4, the amount of income tax withheld is, with entries 14, 16, 18, 20, 22, 24, 26. Column 8 is labeled And the number of withholding allowances is 5, the amount of income tax withheld is, with entries 1, 3, 5, 7, 9, 11, 13. Column 9 is labeled And the number of withholding allowances is 6, the amount of income tax withheld is, with entries 0, 0, 0, 0, 0, 0, 1.
Social Security tax that is 6.2% of her gross pay
Medicare tax that is 1.45% of her gross pay
state tax that is 21% of her federal tax
Determine how Marilyn’s net pay will be affected if she increases her federal withholding allowances from 3 to 4.
a.
Her net pay will increase by $15.00.
b.
Her net pay will decrease by $15.00.
c.
Her net pay will increase by $18.15.
d.
Her net pay will decrease by $18.15.
Answer:
c
Explanation:
Answer:
Her net pay will increase by $18.15
The stock plan industry in North America is a $70 million per
year industry that started by giving away plans for free.
Group of answer choices
True
False
False.The statement is false. The stock plan industry in North America is significantly larger than $70 million per year.
It is a multi-billion-dollar industry that encompasses various services related to stock plans, including administration, consulting, software, and financial management.
Stock plans are commonly used by companies to offer equity-based compensation to their employees, such as stock s, restricted stock units, and employee stock purchase plans. These plans provide employees with an opportunity to share in the company's success and align their interests with shareholders.
While it is possible that some companies or organizations may have initially offered free stock plan services or resources as a promotional or introductory strategy, the overall stock plan industry is not based on giving away plans for free. It is a robust and profitable industry that involves professional services, software platforms, and specialized expertise to support companies in implementing and managing their stock plans effectively.
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Question 2 of 10
A business buyer purchases toner, paper, and staples from a seller of office
supplies. What form does the seller need to use to inform the buyer about the
payment owed for this purchase?
A. A receipt
B. An invoice
C. A packing slip
D. A purchase order
The document to indicate that the seller need to use to inform the buyer about the payment owed for this purchase is an invoice.
What is an invoice?An invoice is defined as a commercial document that is sent by a seller to a buyer referring to a sale dealing and expressing the quantities, products, and agreed-upon prices for products or services the seller had provided the customer.
The invoice is also known as the bill, or tab. In some lawsuits, payment states are indicated on the invoice.
A supplier of business office supplies paper, toner, and staples to a business buyer, then the seller required to use an invoice form to advise the buyer of the payment due for this purchase.
Therefore, option B is correct.
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Answer: An invoice
Explanation: Just took the test
Ell us about a time when your attention to detail was critical in preventing a major issue/error
Tell us about an error instance when your focus on detail was essential in avoiding a significant way is troubleshooting error.
The capacity to concentrate on a particular job while carefully considering and attending to all of its important features might be characterized as attention to detail. An illustration of paying attention to detail is finding and fixing any typos or grammatical problems in an email before sending it.
When describing anything that is more substantial, serious, or crucial than other elements within a group or circumstance, you use the word major. If the situation is casual, use the word "issue." You may use the word "issue" while discussing a political matter or a topic for a discussion. if the circumstance is official.
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Correct Question:
Tell us about a time when your attention to detail was critical in preventing a major issue/error.
in the context of data communication, a _____ is based on "line of sight."
In the context of data communication, a wireless communication system using "line of sight" is referred to as a microwave link.
Communication is the process of exchanging information, ideas, or messages between individuals or entities. It can occur through various channels, such as verbal, written, or non-verbal means. Effective communication involves clear encoding or decoding of information, active listening, and feedback. It plays a crucial role in interpersonal relationships, business transactions, education, and virtually all aspects of human interaction. Technology has greatly expanded communication possibilities, enabling real-time global connections through mediums like telephone, email, social media, and video conferencing.
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Why’s are payroll withholding and estimated tax useful
Answer:
it is actually "They make sure people aren't surprised by how much they owe for the year all at once." i just took the quiz
Explanation:
List 5 motives for the construction of various media.
Explanation:
For the construction of various media, the five motives are as follows
1. Develop connections and make connections: For motivating the social media we have to establish the connections and through it, we can easily make the connections,
2. Sharing the news of the company: Post the news of the company to various social media so that the public at large get attracted towards it
3. Voice opinion: Voice opinion also matters for establishing the several medias
4. People opinion for the company: Customer satisfaction is the utmost priority for the company so that the company could able to know what changes are required in the product to deliver it in the best manner
5. Communicated with employees: The communication with the employees also matters as the employees could be delivered their idea to better the company services
`What type of market structure exists for the fast food industry?
Answer:
http://sellsidehandbook.com/2018/10/08/understanding-market-structure-perfect-competition-monopoly-and-monopolistic-competition/
Explanation:
Toni Nicolet's
checking account balance on Monday, April 13, is $540; her savings balance is $980. On
Tuesday, April 14, she made an ATM withdrawal from checking of $86. On April 15, Toni plans to make
these online payments: income tax bill, $823, utility bill, $98, and charge account bill, $127. How much
money, if any, will Toni have to transfer into her checking account from savings to cover the online
payments and leave a balance of $50 in the checking account?
Answer:
$644
Explanation:
Toni has a balance of $540 on her checking account
She made an ATM withdrawal of $86
The balance on her checking account after withdrawal is
= $540 - $86
=$454
Toni intended to pay online payments on Arpril 15. The total of the payments
=$823 + $98 + $127
=$1048
It means Toni has a deficit of
=$454- $1048
=($594)
If Toni desires a balance of $50 after payments, she must withdraw 594+50 from the savings account.
=596 + 50
=$644
What type of accounting is more rules-based?
GAAP
Explanation:
That would be the Generally Accepted Accounting Principles (GAAP) system which is rules based.
Alternatively:
The International Financial Reporting Standards. (IFRS) on the otherhand would be the one thats principles based.
Debit cards
Pros:
Cons:
Answer:
Pros: their easy to obtain, gets rid of the need to carry cacash to buy things, you can place limits on your spending so you dont overspend, no fee to use, can be used to withdraw cast at ATM's
Cons: some companies systems accept prepaid debit cards, you risk losing money on debit card, easy to gain to your money if card is stolen and PIN is known.
Explanation:
its up to you :)
Revenues earned from consistent ongoing payments rendered to the company for either the delivery of the value proposition or after sales care for the customer are called:
Transaction Revenues Recurring Revenues
The Revenues that earned from consistent "ongoing-payments" to company for either delivery of value proposition or after sales care for customer are called : (b) Recurring Revenues.
The "Recurring-Revenues" are earned from consistent ongoing payments rendered to the company for either the delivery of the value proposition or after-sales care for the customer.
Recurring revenues are an important metric for many businesses as they provide a predictable stream of income over a period of time, as opposed to transaction revenues, which are earned from one-time sales transactions.
The Examples of recurring revenues include "subscription-fees" for a software service, maintenance fees for a piece of equipment.
Businesses that rely on recurring revenues often prioritize customer retention and satisfaction in order to maintain a stable and predictable revenue stream over time.
Therefore, the correct option is (b)
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The given question is incomplete, the complete question is
Revenues earned from consistent ongoing payments rendered to the company for either the delivery of the value proposition or after sales care for the customer are called:
(a) Transaction Revenues
(b) Recurring Revenues
List any THREEshopping skill that you will follow.
If you are buying a home, it is usually best to choose a fixed mortgage __________________.
A: If you plan to rent it out
B: If you plan to stay there a short time before moving again
C: If you plan to stay there many years
D: If you plan to have a large family
Which type of fastener could be used to hold together pieces that must be dismantled frequently?
Machine screws
BoltsCenterCap screws
A type of fastener called a screws can be used to keep together objects that need to be taken apart often. Option 2 is Correct.
Non-permanent fasteners: Non-permanent fasteners are simple to remove without causing harm, allowing for several uses. Bolts are typical non-permanent fasteners that are utilised in a range of industries where items need to be quickly disassembled and reassembled.
The most prevalent kind of fastener is a bolt. Often, these machine components are employed to join two unthreaded parts. A bolt has a hexagonal head on one end and external male threads on the other. Often, a nut is used to secure the bolt's opposite end. Option 2 is Correct.
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Correct Question:
Which type of fastener could be used to hold together pieces that must be dismantled frequently?
1. Machine
2. screws
3. Bolts
4. Center Cap
Stephanie works for a company that manufactures purses and is considering employing a trading company to reduce the risk of getting involved in international marketing. What is one of the benefits of using a trading company?.
Stephanie works for a company that manufactures purses and is considering employing a trading company to reduce the risk of getting involved in international marketing. One of the benefits of using a trading company is that it facilitates all marketing aspects of a transaction.
In the field of business, trading companies can be described as a kind of business company that sells products across countries. They purchase products from one country and sell them in another one.
Manufacturers, such as Stephanie, who want to sell their products to other countries, often use trading companies for international marketing. This is a secure method for the manufacturer as they do not have much idea about business in other countries and all the marketing aspects would be taken care of by the trading company. They sell their product to the trading company which in turn markets and sells it to other countries. In this way, both the manufacturer and the trading company benefit from each other.
Although a part of your question is missing, you might be referring to this question:
Stephanie works for a company that manufactures purses and is considering employing a trading company to reduce the risk of getting involved in international marketing. What is one of the benefits of using a trading company?
It negotiates with the government to get the best deals.
It handles all manufacturing services
It facilitates all marketing aspects of a transaction
It develops advertising campaigns for the advertising firm.
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