On the basis of the budget reports, Group of answer choices All of these answers are correct. management may modify the future plans. management may take corrective action. management analyzes differences between actual and planned results.
Answers
All of these answers are correct. On the basis of the budget reports, management may modify the future plans, take corrective action, and analyze differences between actual and planned results.
Budget reports provide valuable information to management about the financial performance of the organization and enable them to make informed decisions about future operations.
By comparing actual results to the planned results in the budget, management can identify areas where performance is falling short and take corrective action to get back on track.
They may also modify future plans to account for any unexpected changes in revenue or expenses that were not originally anticipated in the budget.
Overall, budget reports are an important tool for effective financial management and decision-making.
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Related Questions
What are extension strategies?
Answers
➣ Extension strategies are marketing techniques that seek to improve sales to extend the life of a product before decline begins.
➥ I hope I have helped you, greetings! Atte: ღTheGirlSadღAnswer:
Extension strategies are marketing techniques that seeks to improve sales to extend the life of a product before decline begins .How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
what type of opportunity costs do ppc1 and ppc2 illustrate?
Answers
PPC1 illustrates increasing opportunity costs and PPC2 illustrates constant opportunity costs.
PPC1 indicates a decreasing opportunity cost and PPC2 indicates a constant opportunity cost. The shape of the PPC demonstrates the nature of the opportunity costs associated with production. The Internet and radio stations are examples of non-competing products. Many people can access them at the same time and consume them again and again without compromising quality or risking running out of stock.
A decline in capital and labor the key elements of production will lead to a decline in the economy's productive activity, which will lead to lower output levels and lower economic growth, resulting in an inward shift in the economy. leads to PPF. The main causes of economic scarcity are demand-induced, supply-induced, and structural. Demand induction is when supply stagnates and demand increases.
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Susan Company has gathered the following information about its product. Direct materials: Each unit of product contains 4.5 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 1.5 pounds. Materials cost $3 per pound, but Susan always takes the 5% cash discount all of its suppliers offer. Freight costs average $0.30 per pound. Direct labor. Each unit requires 1.7 hours of labor. Setup, cleanup, and downtime average 0.2 hours per unit. The average hourly pay rate of Susan's employees is $13.1. Payroll taxes and fringe benefits are an additional $3.4 per hour. Manufacturing overhead. Overhead is applied at a rate of $4.5 per direct labor hour. Compute Susan's total standard cost per unit. (Round answer to 2 decimal places, e.g. 1.25.) Total standard cost per unit $ Manufacturing overhead data for the production of Product H by Debra Company, assuming the company uses a standard cost system, are as follows. Overhead incurred for 53,900 actual direct labor hours worked Overhead rate (variable $7; fixed $2) at normal capacity of 48,600 direct labor hours Standard hours allowed for work done Compute the total overhead variance. Total overhead variance $488,970 $9 54,730
Answers
The total overhead variance is $14,470 (rounded to the nearest dollar).Hence, the correct option is Total overhead variance $14,470.
Susan Company has gathered the following information about its product: Direct materials: Each unit of product contains 4.5 pounds of materials. The average waste and spoilage per unit produced under normal conditions is 1.5 pounds. Materials cost $3 per pound, but Susan always takes the 5% cash discount all of its suppliers offer. Freight costs average $0.30 per pound.Direct labor: Each unit requires 1.7 hours of labor. Setup, cleanup, and downtime average 0.2 hours per unit. The average hourly pay rate of Susan's employees is $13.1. Payroll taxes and fringe benefits are an additional $3.4 per hour.Manufacturing overhead: Overhead is applied at a rate of $4.5 per direct labor hour.
Calculation of standard costs:
Direct materials: The materials cost $3.00 per pound, and each unit requires 4.5 pounds. The cost of direct materials is (4.5 pounds per unit × $3.00 per pound) × 95% = $12.83 per unit. ($3.00 per pound × 95% = $2.85 per pound.)Direct labor: The total cost of labor per unit is computed by multiplying the labor cost per hour by the number of labor hours per unit and then adding the labor cost per setup hour. Susan's employees work 1.7 direct labor hours per unit, at an average rate of $13.1 per hour, for a total direct labor cost of $22.27 per unit. Setup, cleanup, and downtime require 0.2 direct labor hours per unit, or $2.62 ($13.1 per hour × 0.2 hours) per unit.
Manufacturing overhead: The total cost of overhead per unit is computed by multiplying the predetermined overhead rate ($4.50 per direct labor hour) by the total direct labor hours per unit (1.7 hours) for a total overhead cost of $7.65 per unit. The standard cost of one unit of product is:
Direct materials cost per unit + Direct labor cost per unit + Manufacturing overhead cost per unit = $12.83 + $22.27 + $7.65 = $42.75Therefore, Total standard cost per unit = $42.75 (rounded to 2 decimal places)
On the other hand, the data of manufacturing overhead for the production of Product H by Debra Company, assuming the company uses a standard cost system, are as follows: Overhead incurred for 53,900 actual direct labor hours worked.Overhead rate (variable $7; fixed $2) at normal capacity of 48,600 direct labor hours. Standard hours allowed for work done.
The formula for calculating the total overhead variance is: Total Overhead Variance = Actual Overhead Costs Incurred − (Variable Overhead Applied to Production + Fixed Overhead Applied to Production).
Total Overhead Variance = $488,970 − (($7 per hour × 53,900 actual hours worked) + ($2 per hour × 48,600 standard hours allowed))
Total Overhead Variance = $488,970 − ($377,300 + $97,200)
Total Overhead Variance = $14,470
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Answer these you get 20 points!!! Please help me !! Please
Answers
2.)c
3.)b
4.)I think d
5.) a maybe
6.)c
Explain a situation where user would transpose data on a spreadsheet in Microsoft Excel. Give at least one example to illustrate your reasoning
Answers
Answer:
You can do this by copying, pasting, and using the Transpose option. But doing that creates duplicated data. If you don't want that, you can type a formula instead using the TRANSPOSE function. For example, in the following picture the formula =TRANSPOSE(A1:B4) takes the cells A1 through B4 and arranges them horizontally.
Step 1: Select blank cells
First select some blank cells. But make sure to select the same number of cells as the original set of cells, but in the other direction. For example, there are 8 cells here that are arranged vertically:
Cells in A1:B4
So, we need to select eight horizontal cells, like this:
Cells A6:D7 selected
This is where the new, transposed cells will end up.
Step 2: Type =TRANSPOSE(
With those blank cells still selected, type: =TRANSPOSE(
Excel will look similar to this:
=TRANSPOSE(
Notice that the eight cells are still selected even though we have started typing a formula.
Step 3: Type the range of the original cells.
Now type the range of the cells you want to transpose. In this example, we want to transpose cells from A1 to B4. So the formula for this example would be: =TRANSPOSE(A1:B4) -- but don't press ENTER yet! Just stop typing, and go to the next step.
Excel will look similar to this:
=TRANSPOSE(A1:B4)
Step 4: Finally, press CTRL+SHIFT+ENTER
Now press CTRL+SHIFT+ENTER. Why? Because the TRANSPOSE function is only used in array formulas, and that's how you finish an array formula. An array formula, in short, is a formula that gets applied to more than one cell. Because you selected more than one cell in step 1 (you did, didn't you?), the formula will get applied to more than one cell. Here's the result after pressing CTRL+SHIFT+ENTER:
A factory is considered what type of resource?
land
labor
physical capital
human capital
Answers
A factory falls under the category of physical capital, representing tangible assets and infrastructure utilized in the production process. Option C.
Physical capital refers to the tangible assets that are used in the production process to create goods or services. These assets include machinery, equipment, buildings, vehicles, and infrastructure. They are essential resources that contribute to the production capacity and efficiency of a business or organization.
A factory is a prime example of physical capital as it represents a dedicated space or facility equipped with machinery, tools, and equipment designed for manufacturing or production activities. It provides the necessary infrastructure and resources for transforming raw materials into finished products.
Factories typically house specialized equipment and machinery specific to the industry or production process they serve. This physical capital enables businesses to carry out mass production, streamline operations, and achieve economies of scale.
Physical capital is an important factor of production alongside other resources such as land, labor, and human capital. It plays a crucial role in enhancing productivity, output, and overall economic growth.
Effective management and investment in physical capital can lead to improved efficiency, cost reduction, and technological advancements in production processes.
In summary, a factory is categorized as physical capital, representing the tangible assets and infrastructure used in the production process. So Option C is correct.
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Jackson Raleigh, a registered representative in Memphis, TN, has a client who is a pension fund manager for the Tiger Pension Fund. Raleigh creates several flyers of informational literature about the funds available in the Tiger Pension Fund and emails them to the fund manager so that the fund manager can prints copies of the flyers and make them available to the participants in the pension fund. FINRA would classify these flyers as
A) institutional communications.
B) sales literature.
C) retail communications.
D) correspondence.
Answers
23 Time Value of Money Calculations You recently bought a car, financing $23.000 of the purchase price. If the loan is for 5 years with an 8% APR, what are your approximate monthly payments? $480 5383. $466. $384.
Answers
The approximate monthly payment on the car loan is $384.
To calculate the approximate monthly payments on a car loan, we can use the formula for the monthly payment on an amortizing loan. The formula takes into account the loan amount, the loan term, and the annual percentage rate (APR).
where:
M = Monthly payment
P = Loan amount ($23,000)
r = Monthly interest rate (8% APR / 12 months = 0.08/12 = 0.00667)
n = Number of monthly payments (5 years * 12 months/year = 60)
By plugging in the values into the formula, we can calculate the approximate monthly payment on the car loan.
After performing the calculations, the approximate monthly payment on the car loan is $384.
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Identify and explain 2 reasons why a business such as AEC could not be successful without other firms providing natural resources
Answers
Answer:
AEC needs rubber to make its seals too. Oil is needed to produce rubber and, like coal and iron ore, oil is a natural resource. Without oil, AEC would have no rubber for seals. Natural resources are declining over time + coal reserves, especially, are running out.
Answer:
Identify and explain 2 reasons why a business such as AEC could not be successful without other firms providing natural resources
Explanation:
AEC needs rubber to make its seals too. Oil is needed to produce rubber and, like coal and iron ore, oil is a natural resource. Without oil, AEC would have no rubber for seals. Natural resources are declining over time + coal reserves, especially, are running out.
Project marvel is a five-year project. The project has a total cash inflow of $350,000. The present value of such inflows is $275,000. The project requires an initial investment of $200,000 and additional working capital of $25,000. What is the net present value of the project?.
Answers
The net present value of the project is $50,000
What is Capital budgeting?A company's investment initiatives are evaluated as part of the capital budgeting process. One of the methods utilized in this evaluation is the computation of Net Present Value (NPV). This calculation comprises discounting cash flows that arise from starting the project or investment at the beginning stage before the project or investment is launched, using a suitable discount rate.
Solution:
present value = $275,000.
initial investment = $200,000
additional working capital = $25,000.
total investment = $200,000+$25,000
= $225,000
NPV= 275,000-225,000 = 50,000
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The net present value of the project is $50,000
The net present value of Project Marvel's future cash inflows has already been determined, and the outcome is $275,000 The cash outflows are described as an initial investment of $200,000 and further working capital of $25,000. Therefore, the total cash outflows for the current period would be $225,000. Project Marvel has produced a net cash inflow of ($275,000 - $225,000)which is $50,000.Capital budgeting – what is it?The capital budgeting process includes an evaluation of a company's investment efforts. The calculation of Net Present Value(NPV). is one of the approaches used in this evaluation Using a suitable discount rate, this calculation involves discounting cash flows that result from launching the project or investment at the planning stage before the project or investment is initiated.To learn more about capital budgeting visit:
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What is the world's largest free trade area?
Answers
Answer: free market
Explanation:
The free market is where all the stocks are shared, The answer is free market!
Answer:
The world's largest free trade area, encompassing 54 countries and 1.2 billion people, the African Continental Free Trade Area will bring the promise of trade-led economic growth closer to reality for Africa's entrepreneurs, industrialists, investors, innovators and service suppliers.
sorry if it wrong
Question 20 of 20
What do consumer protection laws protect?
OA. Your rights and privacy when making transactions
OB. Your credit score and credit card number
C. The rights and privacy of companies
D. Companies from consumers who make transactions
SUBMIT
Answers
Answer:
A your rights and privately when making a transaction
_______ is a type of projective technique that offers consumers the chance to fill in the conversation of cartoonlike stories.
ZMET
Consumer report
Storytelling
Dialogue balloon
Answers
Dialogue balloon is a type of projective technique that offers consumers the chance to fill in the conversation of cartoon-like stories.The correct answer is dialogue balloon.
A dialogue balloon is a visual element commonly used in comics, cartoons, and graphic novels to depict speech or thoughts of characters.
In market research and consumer studies, the concept of a dialogue balloon is used as a projective technique to gather insights and understand consumers' thoughts, feelings, and attitudes.
During research or survey processes, consumers are presented with cartoon-like stories or scenarios that contain characters with empty dialogue balloons.
Participants are then asked to fill in the conversation or thoughts of the characters. This technique allows consumers to project their own thoughts, opinions, and emotions onto the characters, providing valuable qualitative data and insights into their perspectives and perceptions.
By engaging consumers in storytelling and allowing them to fill in the dialogue, researchers can uncover deeper insights and understandings about consumer behavior, preferences, motivations, and desires.
This technique taps into consumers' creativity and imagination, providing a unique and interactive way to gather information and gain a deeper understanding of their experiences.
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Differentiate between electricity geyser and gas geyser
Answers
But I’ll just say the difference between electrical and gas
They are very unique since gas is made out of air it is ineffective
While elictricty does the real difference about them is electricity can have effect on this world and life on it
And the side effect is the gas from it’s like pollution so yah that’s it
Pleaseee help
P
L
E
A
S
E
Answers
Answer:
What should I help dude
You are using earned value analysis to track your project's progress. In your project, earned value is higher than planned value and actual value. That means the project is _____ schedule and _____ budget.
Answers
Answer: ahead of; under.
Explanation:
The Planned Value is the amount of money that is being allocated to complete a project. The Earned Value is the amount of work that the project has been able to achieve in reference to the original amount that was actually planned for the project.
Since we are told that the earned value is higher than planned value, it means that the project has been able to achieve a value that is more than the actual value planned for that period, therefore, the project is ahead of schedule.
Also, when the earned value is higher than actual value, it means that the project has been able to spend a lower amount for a certain amount of work than the amount that was budgeted for similar work, therefore we say it is under budget.
Explain the importance of thoroughly checking your SAR and what steps you can
take if you find any errors?
Answers
Based on financial analysis, the importance of thoroughly checking your SAR is that "possessing an accurate SAR gives individuals the high tendency of earning a financial aid award."
Generally, the financial aid awards depend on the accurate details given in the SAR report.
However, should there be an error in the SAR report, here is the step you can take:
Either you correct or update your Free Application for Federal Student Aid, often referred to as FAFSA form.
The FAFSA form can be filled online.
SAR is an acronym for Student Aid Report.
Hence, in this case, it is concluded that SAR information is crucial for students that need financial aids.
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In terms of usage, about ____________ of all energy in the U.S. is consumed by the transportation sector, ____________ by industry, ____________ by commercial businesses, and ____________ by residential customers.
Answers
Answer:
28%
32%
18%
21%
Explanation:
According to the United States Energy Information Administration, the above percentages are the how energy generated is being distributed between its 4 sectors.
Cheers
Question 10 of 20
What is the difference between a market economy and a command
economy?
A. A market economy is determined by central authority and a
command economy is determined by consumers,
B. A market economy is determined by consumers while a command
economy is determined by both consumers and central authority
C. A market economy is determined by both central authority and
consumers while a command economy is determined by only
consumers
D. A market economy is determined by consumers and a command
economy is determined by central authority,
Answers
If you know you are at risk of becoming unemployed, you should _____. a. wait until you officially lose the job to worry b. get additional education to learn new skills c. spend all your money while you are still making it d. ignore the economy, because it is always changing
Answers
Answer:
B is the smartest option
The correct option is B. If you know you are at risk of becoming unemployed, you should get additional education to learn new skills.
When done properly, skill development can lower unemployment and underemployment, boost productivity, and raise living standards. It makes economic sense to assist people in expanding and updating their skill sets.
What is the importance of skills?Enhances communication, time management, and negotiation abilities, as well as the ability to expand one's professional network. Talent Development: Skills are something that can be learned. People can find, develop, and nurture their intrinsic talent in the preferred sector with the aid of skill training.
Fundamentally, skills development helps people to pick up new talents in order to find employment and possibly launch a lifetime career. Youth are especially vulnerable to unemployment in our country, which affects 29% of the population; 55.2% of those between the ages of 15 and 24 are jobless.
The best choice is B. If you are aware that you could lose your job, you should continue your education to pick up new skills.
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Tina will be working at the municipal swimming pool as a lifeguard this summer. She will earn $1,000 per month (a total of $3,000 for the whole summer). Tina does not plan to work any other jobs this year.
What is Tina's gross monthly income for each of the summer months (GMI)?
Answers
in the 20 years from 1992 to 2012, the percentage of people arrested for burglary who were women
Answers
The percentage of women arrested for burglary from 1992 to 2012 increased slightly.
According to data from the FBI's Uniform Crime Reports, in 1992, 14.6% of those arrested for burglary were women. By 2012, that percentage had increased to 16.2%. Although the increase may seem small, it represents a 10.9% increase in the number of women arrested for burglary over the 20-year period. It is worth noting that the overall number of arrests for burglary decreased during this time period.
The percentage of women arrested for burglary between 1992 and 2012 increased slightly. Although the percentage of women arrested for burglary rose during this period, it still remained a significantly smaller proportion compared to men.
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What is a tangible symbol that communicates the features, benefits, and advantages of a particular product to consumers?
Answers
Answer:hudsa
Explanation:uhsha
What are customer needs?
Answers
Answer:
A customer need is a need that motivates a customer to purchase a product or service.
what do limited partners in a business give up ? why ?
Answers
Answer:In return for giving up management power, limited partners get the benefit of protection from personal liability. This means that a limited partner can't be forced to pay off business debts or claims with personal assets. A limited partner, however, can lose his or her financial investment in the business.
Explanation:
Who are mangers? Explain how managers differ from non-managerial
employees and Describe classification, levels and different skills of managers.
Answers
Answer is given below
Explanation:
The manager is a person who belongs to the management team and assists in the management of the company. Non-administrative employees are members of an organization with no administrative functions. Managers are different from non-administrative employees The responsibility of the manager is greater than that of a non-managerial employee. Since the manager is a role model for non-managerial employees, he must have good morale. The manager is responsible for his subordinate actions. The manager is responsible for achieving the goals of the organization, however the coordination effort of all employees is required. The absence of a non-manager does not affect the performance of the company more than the absence of a manager.Which is the most important decision factor in transportation?
A.capacity
B. Cost
C.capability
D.reliability
Answers
Since at least 1995, the majority of increases in U.S. real GDP are from multiple choice 2 capital growth. labor growth. productivity growth. technological change.
Answers
Since 1995, the majority of increases in U.S. real GDP are due to productivity growth.
Productivity growth refers to an increase in output that is greater than the increase in inputs such as labor and capital. Technological change has been the primary driver of productivity growth in the United States over the past few decades.
The development and implementation of new technologies have helped to increase the efficiency and effectiveness of production processes. This has allowed firms to produce more goods and services using fewer inputs, leading to an increase in productivity and economic growth.
In addition to technological change, other factors that have contributed to productivity growth include improvements in education and training, greater investment in research and development, and changes in management practices. However, despite the importance of productivity growth, there are concerns that it has not been distributed evenly across the economy, with some sectors and regions experiencing much greater gains than others.
There are also concerns that productivity growth has not translated into higher wages for workers, leading to rising inequality. Addressing these concerns will be critical to ensuring that the benefits of productivity growth are shared widely across society.
Thus, the correct option is "productivity growth".
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Ivie Clarke has decided to launch a numbers game like Sudoku. She estimates her fixed costs to be £5,000. The variable costs are £1.20 per game. She intends to sell the games for £5.00 each. Ivie estimates she will sell 1,400 games a month. 7 (a) What is her total revenue if she sells 1,400 games? (1) (b) What are her total costs if she sells 1,400 games?(1) (c) How much profit does she make if she sells 1,400 games?(1) 8 How many games does she need to sell to cover her total costs?(1) 9 In fact the fixed costs of the business were actually £5,500. How much profit or loss would Ivie make if she sold 1,400 games. (2)
Answers
Her total revenue if she sells the 1,400 games of the numbers game is £7,000.
What is revenue?The average sales price is multiplied by the quantity of units sold to arrive at revenue, which represents the money generated by normal business operations. Net income must be deducted from the top line (or gross sales) figure in order to be calculated. In the salary summary, revenue and sales are synonymous. To determine how effectively a business collects unpaid debt, it is critical to review the cash flow summary. Cash accounting, in comparison, only records purchases as revenue when actual money changes hands. "Receipt" is the term used to describe money provided to a business. For receipts to show, income is not necessary. For instance, there will be a receipt but no income from a customer who pre-paid for a service or goods that were never delivered.
Ivie's total revenue if she sells the 1,400 games is:
Revenue = Price per game x Number of games sold
Revenue = £5.00 x 1,400
Revenue = £7,000
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