Answers
Answer:
True
Explanation:
The above is true because single plant wide rate, multiple production department costs and activity based costing are the only methods of overhead costs allocation.
The plant wide rate uses the predetermined overhead rates in the allocation of overhead cost.
Related Questions
The average job is now only —— years in length
Answers
The average job is now only 2 years in Job.
What is meant by the term average job?This is the term that has to do with the job that employees are willing to do in order to receive pay for the services that that they render to those that have employed them. The average job based on data and statistics gathered has been said to only be of about 2 years for the person that is carrying out the duty.
This means that the average worker can have as m aby other jobs that they want in their lifetime.
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PLEASE HELP!!!
Which development would most likely cause the demand for a product to increase
A. The number of consumers in a market decreases.
B. Consumers expect the price to fall in the near future
C. Consumer demand for a complementary good increases.
D. Consumer preferences shift away from the product
Answers
Answer:
option c is correct,Explanation:
When an individual's income rises, they can buy more expensive products or purchase the products they usually buy in a greater volume. As a result, this causes an increase in demand. Conversely, if incomes drop, then demand is likely to decrease.
The most likely development that would cause the demand for a product to increase is option C.
Which development would most likely cause the demand for a product to increase ?Where consumer demand for a complementary good increases. A complementary good is a product that is typically used together with another product. For example, if the demand for smartphones increases, it may also increase the demand for phone cases, screen protectors, and other accessories that complement the use of a smartphone.
When the demand for a complementary good increases, it can lead to an increase in demand for the primary product as well. For instance, if the demand for smartphones increases, and consumers also need phone cases and screen protectors to use with their smartphones, they will be more likely to buy both products together. This, in turn, leads to an increase in demand for both products.
On the other hand, options A, B, and D are likely to reduce the demand for a product. A decrease in the number of consumers in a market, a decrease in consumer confidence due to the expectation of falling prices, or a shift in consumer preferences away from the product can all lead to a decrease in demand.
In conclusion, an increase in the demand for a complementary good is likely to cause an increase in the demand for a product, while a decrease in the number of consumers, a decrease in consumer confidence, or a shift in consumer preferences away from the product can reduce demand.
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Determine the total expenses based on the following data
assets 72,000
owner's equity 70,000
revenues 20,000
liabilities 16,000
Answers
From the given data, it appears that the expenses result in a negative value of $-14,000. This indicates a deficit, which suggests that the company's liabilities and owner's equity exceed its assets.
To determine the total expenses based on the given data, we need to use the accounting equation: Assets = Liabilities + Owner's Equity. In this case, we are given the values of assets, owner's equity, and liabilities.
Assets = $72,000
Owner's Equity = $70,000
Liabilities = $16,000
Using the accounting equation, we can calculate the total expenses by rearranging the equation:
Expenses = Assets - Liabilities - Owner's Equity
Expenses = $72,000 - $16,000 - $70,000
Expenses = $-14,000
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Which of the following is the BEST example of a consumer product?
O a case of toothbrushes sold to a dentist
Opeanuts to be sold by a vendor at a football game
Oa car bought by a real estate agency for its salespeople to use
O a textbook purchased by a student taking this class
Answers
The BEST example of a consumer product is: a textbook purchased by a student taking this class.
Consumer product can be defined as product that are bought or purchased by an individual or consumer for their own use.
"A textbook purchased by a student taking this class" is the best example of consumer product reason being the student specifically purchased the text book for his or her own personal use.
Example of consumer product is purchasing a shoe for your own use. Hence, based on the information given the student is the final user of the textbook.
Inconclusion the BEST example of a consumer product is: a textbook purchased by a student taking this class.
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Jimmy export copra to Australia for A $5000 when exchange rate IS KI= A$0.50 What is the total revenue earn from the export?
Answers
The total revenue earned from export is 10,000KI.
To calculate the total revenue earned from the export, multiply the amount of copra exported by the exchange rate.
Given:
Amount of copra exported = A$5000
Exchange rate: 1 KI = A$0.50
Total revenue = Amount of copra exported * Exchange rate
Total revenue = A$5000 * KI/A$0.50
Simplifying the expression:
Total revenue = A$5000 / (A$0.50/KI)
To divide by a fraction, we can multiply by its reciprocal:
Total revenue = A$5000 * (KI/A$0.50)
Calculating the product:
Total revenue = 5,000 * 2KI
Total revenue = 10,000KI
Therefore, the total revenue earned from the export of copra to Australia is 10,000KI.
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The complete income acquired from trade is 10,000KI. To work out the absolute income acquired from the product, duplicate how much copra traded by the swapping scale.
Exchange includes the exchange of labor and products starting with one individual or substance then onto the next, frequently in return for cash. Financial experts allude to a framework or organization that permits exchange as a market.
An early type of exchange, trade, saw the immediate trade of labor and products for different merchandise and services,[1] for example exchanging things without the utilization of money.
Current income merchants by and large haggle through a mode of trade, like cash. Subsequently, purchasing can be isolated from selling, or acquiring. The innovation of cash (and letter of credit, paper cash, and non-actual cash) incredibly streamlined and advanced exchange.
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Which do you feel is the best organization form for a political speech and why?
Answers
Answer:
is there any options
Explanation:
STEP 5 Use practical examples from BRICK 'n TILE to differentiate between short and long-run costs. (10) TOTAL: [50]
Answers
BRICK 'n TILE, a hypothetical company, can differentiate between short-run and long-run costs by considering examples such as immediate production costs (short-run) and investment in new production facilities (long-run).
Short-run costs refer to expenses that a company incurs in the immediate period, where some factors of production are fixed and cannot be easily adjusted. In the case of BRICK 'n TILE, short-run costs could include the costs of raw materials, labor, utilities, and maintenance for their existing production facilities. These costs are essential for the day-to-day operations and can be directly linked to the current level of production.
On the other hand, long-run costs encompass expenses that can be adjusted in the long term to adapt to changes in production levels and scale. For BRICK 'n TILE, an example of a long-run cost would be the investment in new production facilities or equipment. If the company decides to expand its operations or increase its capacity, they may need to construct a new manufacturing plant or purchase advanced machinery. These costs are incurred over an extended period and are associated with strategic decisions that affect the company's production capabilities in the long run.
Differentiating between short-run and long-run costs is crucial for effective financial planning and decision-making. Short-run costs help determine the immediate profitability of the company's operations, while long-run costs factor in the potential growth and expansion strategies. Understanding the distinction between these cost categories allows BRICK 'n TILE to make informed decisions regarding short-term production levels and long-term investment in infrastructure and technology.
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When effective communication affected your success at work
Answers
Answer:
Being able to communicate at school and in the workplace may mean the difference between success and failure. With your peers, communication helps you to engage and find common ground, allowing you to build friendships that not only last a lifetime, but may lead to future employment opportunities.
Explanation:
Derek is a high school student who is currently taking a course in personal
finance. He knows that he should be managing his money from his part-time job
better. He has learned about saving and budgeting, but he continues to spend all
of his money on his car and going out with friends. He knows that someday he'll
have to be more responsible, but right now he thinks he should just enjoy being a
carefree teenager. Why is it important for Derek to manage his money well now
instead of waiting until he's older?
Answers
Answer:
If he starts practicing saving money and budgeting while he is young, it will help him in the future when he is trying to save up for a house or trying to make a budget for how much he wants to spend on his future house. If he spends all of this money as a teenager, he won't have any money saved up for things that he needs.
The implementation plan should come before the action plan.
False
True
Answers
It is False that the implementation plan should come before the action plan.
What is implementation plan?An implementation plan can as well be regarded as strategic plan which provide the outlines of the steps that the team should take when accomplishing a shared goal or objective.
It should be noted that this plan combines strategy as well as process, and action that will be used in the parts of the project .
The major components of an implementation plan are:
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The more we pay attention to our _________________ , the better it can help reduce stress.
The medical practice and many athletic programs are incorporating ancient ___________ breathing and their treatment or training programs.
________________ breathing is an ancient breathing technique that slows the _______________, lowers ___________________, and relieves _______________.
_______________ breathing teaches you to relax the ___________. Cardiac rehabilitation programs teach this technique to reduce the stress on the ___________ and increase oxygen intake from the ______________.
Answers
The more we pay attention to our deep breathing, the better it can help reduce stress.
The medical practice and many athletic programs are incorporating ancient pranayama breathing and their treatment or training programs. Pranayama breathing is an ancient breathing technique that slows the immune system, lowers high blood pressure, and relieves depression. 4-7-8 breathing teaches you to relax the nerves. Cardiac rehabilitation programs teach this technique to reduce the stress on the chest and increase oxygen intake from the air.
What are breathing techniques?Breathing techniques are a form of techniques that can be used for a series of health connected reasons, such as improving the respiratory system by improving ventilation; strengthening respiratory muscles; make breathing more efficient; and most importantly for stress reduction.
Therefore, the correct answer is as given above
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The following are selected 2017 transactions of Blue Corporation.
Sept. 1 Purchased inventory from Encino Company on account for $65,800. Blue records purchases gross and uses a periodic inventory system.
Oct. 1 Issued a $65,800, 12-month, 7% note to Encino in payment of account. This means Blue turned the A/P balance into a Note Payable.
Required:
a. Prepare the necessary journal entries
b. Prepare adjusting entries at December 31.
c. c. Compute the total net liability.
Answers
Answer:
Blue Corporation
a. Journal Entries:
Sept. 1 Debit Purchases $65,800
Credit Accounts payable (Encino Company) $65,800
To record the purchase of goods on account.
Oct. 1 Debit Accounts payable (Encino Company) $65,800
Credit 7% Note payable (Encino Company) $65,800
To record the issue of a 12-month note payable.
b. Adjusting Journal Entry:
Dec. 31: Debit Interest expense $1,151.50
Credit Interest payable $1,151.50
To record interest expense for the quarter.
c. Total net liability:
7% Note payable (Encino Company) $65,800
Interest payable $1,151.50
Total net liability $66,951.50
Explanation:
a) Data and Analysis:
Sept. 1 Purchases $65,800 Accounts payable (Encino Company) $65,800
Oct. 1 Accounts payable (Encino Company) $65,800 7% Note payable (Encino Company) $65,800
Dec. 31: Interest expense $1,151.50 Interest payable $1,151.50
What are some Benefits of Government Debt?
Answers
Answer:
Increasing the debt allows government leaders to increase spending without raising taxes.
It can help deal with a crisis.
Explanation:
Match each description to the appropriate term.
1. Maturity value
2. Interest
3. Interest rate
4. Notes receivable
a. A formal, written instrument of credit that represents amounts due from customers.
b. The stated rate charged for using the money of another party.
c. The amount due that must be paid at the due date of a note receivable.
d. The amount charged for using the money of another party
Answers
Answer and Explanation:
The matching is as follows;
1. (c) the maturity value is the due amount that should be paid at the due date
2. (d) The interest is the amount that should be charged for using the money of other party
3 (b) The interest rate is the rate charged for using that money of the other party
4(a) The note receivable is the instrument that should be formal and written which shows the amount outstanding from the clients
Pharoah Company purchases $56,000 of raw materials on account, and it incurs $67,200 of factory labor costs. Supporting records show that (a) the Assembly Department used $26,880 of direct materials and $39,200 of direct labor, and (b) the Finishing Department used the remainder. Journalize the assignment of the costs to the processing departments on March 31. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31
Answers
a. Assembly Department: Raw Materials Inventory $26,880, Factory Labor $39,200, Accounts Payable $66,080
b. Finishing Department: Raw Materials Inventory $29,120, Factory Labor $28,000, Accounts Payable $57,120
Based on the information provided, the raw materials and manufacturing labour expenses are allotted to the Assembly and Finishing Departments. The Assembly Department is in charge of $26,880 in direct materials and $39,200 in direct labour, while the Finishing Department is in charge of the remaining raw materials and factory labour costs.
The debit entries in the journal entry represent increases in the cost accounts of the two departments (Raw Materials Inventory and Factory Labour), whereas the credit entries show increases in the Accounts Payable account.
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Juniper Design Limited of Manchester, England, is a company specializing in providing design services to residential developers. Last year the company had net operating income of $420,000 on sales of $1,500,000. The company’s average operating assets for the year were $1,700,000 and its minimum required rate of return was 15%.
Required:
Compute the company’s residual income for the year.
Answers
Answer: 165,000
Explanation:
To compute the company’s residual income for the year, we can use the formula:
Residual Income = Net Operating Income – (Minimum Required Rate of Return x Average Operating Assets)
Given: Net Operating Income = $420,000 sales = $1,500,000
Average Operating Assets = $1,700,000
Minimum Required Rate of Return = 15% = 0.15
Residual Income = Net Operating Income – (Minimum Required Rate of Return x Average Operating Assets)
Residual Income = $420,000 – (0.15 x $1,700,000)
Residual Income = $420,000 – $255,000
Residual Income = $165,000
Therefore, the company’s residual income for the year was $165,000.
How can insurance help with meeting savings goals?
Answers
Answer:
Explanation:
PROVIDING FOR YOUR FAMILY IF YOU PASS AWAY. ...
PROTECTING YOUR INCOME FROM DISABILITY. ...
GROWING YOUR MONEY OVER TIME. ...
SAVING FOR AN EMERGENCY. ...
SAVING FOR COLLEGE. ...
LIVING COMFORTABLY IN RETIREMENT
My mom does insurance
Hope this helps
Organizations and agencies are a result of _______ in environmental protection issues.
a.
contingency plans
b.
hunting regulations
c.
government involvement
d.
all of the above
Please select the best answer from the choices provided
A
B
C
D
Answers
Answer:the answer is C I think
Explanation:
The organizations and agencies are a result of government involvement in environmental protection issues. Thus option (C) is correct.
What is an environment?An environment is the natural or human-made surroundings in which something exists or operates. It can refer to the physical, biological, social, or cultural context that influences and shapes the behavior, development, and well-being of living organisms or systems.
The environment can refer to the natural world, including the air, water, soil, and climate that sustain life on Earth. It can also refer to the built environment, such as cities, buildings, and infrastructure, that humans have constructed and inhabit.
The government involvement in environmental protection issues led to result in formation of organizations and agencies. Therefore, option (C) is correct.
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Bill Blank bought 900 shares of a mutual fund with a NAV of $13.80. This fund has a load charge of 2%. What did Bill pay for the investment?
Answers
I’m almost sure I’m sorry if I’m wrong
A hot-and-cold water dispenser sells for 8,021.5 pesos. The mark-up on it is 30.5% of cost. Find the cost.
Answers
Answer:
1604300 261
Explanation:
in this exercise, you will identify communication practices that are associated with high uncertainty avoidance and low uncertainty avoidance.
Answers
Teachers are seen as having all the answers in cultures where uncertainty avoidance is high, and learning is structured. Teachers are not necessarily viewed as all knowing in cultures with low uncertainty avoidance, and learning is more open-minded and less focused on facts.
Avoidance of low uncertainty Cultures accept and feel at ease in unstructured situations or changing environments, and they strive to have as few rules as possible. People in these cultures are more pragmatic and adaptable to change.
We found that uncertainty avoidance had a consistent and distinct effect on the use of and response to messages expressing legitimacy and formality, and that, when preferred, such behaviour resulted in higher levels of interpersonal alignment.
People in cultures with a high level of uncertainty avoidance try to minimise the occurrence of unknown and unusual circumstances by planning and implementing rules, laws, and regulations.
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complete question:- Uncertainty Avoidance and Communication Patterns In this exercise, you will identify communication practices that are associated with high uncertainty avoidance and low uncertainty avoidance.
can I have free account please
Answers
Answer:
what kind of account?
i will give you don't worry
Caleb wants to start a business in the health and wellness industry, but before taking the time and effort to create this business, he should know how this business sector has recently performed and where it is headed. Basically, Caleb needs to educate himself on _____.
Group of answer choices
industry trends
marketing materials
tax practices
Human Resources
_____ accountants prepare financial information for people who are both inside and outside the company to assess if the company is performing well.
Group of answer choices
Inspection
Quarterly
Financial
Managerial
If Cameron prepares information—such as reports on costs and operations—for the use of employees only, what type of accountant is he?
Group of answer choices
Managerial
Financial
Tax-specific
Educational
Jonathan and his partner Drew understand they need to create a document to address stipulations for working with their vendors who supply building materials and home decor staging products for their home show. While drafting a contract, what key principles should Jonathan and Drew remember?
Group of answer choices
Professional representation; legal structure
Exchange of value; offer and acceptance
Legal structure; exchange of value
Offer and acceptance; professional representation
Answers
In order to know how the business has performed recently, Caleb should educate himself on industry trends.
Financial accountants prepare financial information for people who are both inside and outside the company.
If Cameron prepares information for employees only, the type of accountant he is Managerial accountant.
The key principles that Jonathan and Drew should remember are Exchange of value; offer and acceptance.
What should Caleb do?It would be best if Caleb was knowledgeable about the business he wants to go into so that he can know if he can make a profit of a loss from the industry. He should therefore try to learn about the trends in the industry.
What type of accountants are there?Financial accountants are those who prepare the financial statements of a company according to known accounting standards such as IFRS and U.S. GAAP because these statements will be used by people both inside and out of the company.
Management accountants on the other hand, make reports that help employees make decisions about the company and are not meant for external stakeholders.
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What similarities do you see in current-day medicine and medicine in ancient times?
Answers
Answer:
Explanation:
Both modern and ancient medicine both use or use natural plants or herbs to help with illnesses. These types of medicines are still used today
Refer to the HR Reports in the Inquirer. Through past investments in recruiting and training Digby has obtained a productivity index of 109.5%. This means that Digby's labor costs would be increased by 9.5% if it did not have these productivity improvements. This is a competitive advantage that Digby can sustain or even widen further if its competitors have no HR initiatives. Now, refer to the Income Statement in Digby's Annual Report. How much did Digby's productivity improvements save it in direct labor costs (in thousands) last year?
$3,086
$3,163
$29,668
$806
Answers
Digby's productivity improvements save it in direct labor costs (in thousands) last year is: $3,086.
Saving in labor cost last yearUsing this formula
Saving in labor cost last year = Labor cost during current year× Increase in labor cost during current year
Where:
Labor cost during current year =32,485
Increase in labor cost during current year = 9.5%
Let plug in the formula
Saving in labor cost last year = 32,485×9.5%
Saving in labor cost last year =$3,086
Therefore, Saving in labor cost last year is $3,086.
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Pacific Independent School District issued $100 million of general obligation bonds to finance the construction of new schools. The bonds were issued at a premium of $0.6 million. Prepare the capital projects fund journal entries to record the issue of the bonds and the transfer of the premium to an appropriate fund. Suppose, instead, that the bonds were issued at a discount of $0.6 million but that the project will still cost $100 million. Prepare the appropriate entries. Contrast the entries in this part with those in part 1. Indicate the options available to the school district, and state how they would affect the entries required of the district. Suppose that the government chose to finance the balance of the project with general revenues. Prepare the appropriate capital projects fund entry.
Answers
Answer:
1. Dr Cash$100,600,000
Cr Bond proceeds (Face value amount )$100,000,000
Cr Bond proceeds (Bond premium amount )$600,000
Dr Nonreciprocal transfer of bond premium to debt service fund $600,000
Cr Due to debt service fund/Cash $600,000
2a. In a situation where bonds are been issued out at a discount the debt services will have unavailable resources to send to the capital project fund.
2b. Both Bonds premiums as well as discount will tend to be an issue reason been that the uncertainly of the amount of cash that are in excess will have to be disposed off as well as the ways of compensating for cash deficiency
3. Dr Due from the general fund $600,000
Cr Other financing use- nonreciprocal Transfer from the general fund $600,000
Explanation:
1.Preparation of the capital projects fund journal entries
Dr Cash$100,600,000
($100,000,000+$600,000)
Cr Bond proceeds (Face value amount)$100,000,000
Cr Bond proceeds (Bond premium amount)$600,000
(To record issuance of bonds sold at a premium)
Dr Nonreciprocal transfer of bond premium to debt service fund $600,000
Cr Due to debt service fund/Cash $600,000
(To record the premium payable to the debt service fund)
2. Preparation of the Journal entries.
suppose the bonds were issued at a discount of $0.6 million in which the project will still cost $100 million.
Dr Cash $994,000,000
($100,000,000-$600,000)
Cr Other financing sources-bond proceeds(Bond discount)$600,000
Dr Other financing sources-bond proceeds(Face value)$100,000,000
(To record the issue of bonds at a discount)
2a. When Contrasting the Journal entries in this part with those in part 1 this means that in a situation where bonds are been issued out at discount the debt services will have unavailable resources to send to the capital project fund.
2b. The options that are available to the school district and how they would affect the entrees required of the district is that both Bonds premiums as well as discount will tend to be an issue reason been that the uncertainly of the amount of cash that are in excess will have to be disposed off as well as the the ways of compensating for cash deficiency
c. Preparation of the appropriate capital projects fund Jounal entry
Dr Due from the general fund$600,000
Cr Other financing use- nonreciprocal Transfer from the general fund $600,000
can you receive interest on bonds
Answers
Answer:
Treasury bonds pay a fixed interest rate on a semi-annual basis. This interest is exempt from state and local taxes. But it's subject to federal income tax, according to TreasuryDirect. ... They earn interest until maturity and the owner is also paid a par amount, or the principal, when the Treasury bond matures.May 28, 2020
The "social exchange" concept is...
Question 28 options:
1)
how individuals get along with others on a daily basis.
2)
the employee's confident perception that his/her hard work will be rewarded by the employer at some future time.
3)
the understanding on the part of employees and employers that employees will fulfill their contract duties daily in exchange for a paycheck at the end of the month.
4)
all of the above.
Answers
Answer:
A, How individuals get along with others on a daily basis :)
Why might ranchers want to lock in a price today for their cattle by signing a six-month futures contract?
Responses
A. To be able to sell all of their cattle for a profit a year from now.
B. To be able to buy a new herd of cattle when the six months is up.
C. To be able to pay off the put option when the futures contract expires.
D. To be able to plan on a certain amount of income in the future.
Answers
Answer:
D. To be able to plan on a certain amount of income in the future.
Explanation:
Locking in price is when a seller and buyer agree on the minimum price for a transaction in the future. A locked-in price remains unchanged for the agreed period.
By lock in prices for their cattle, the ranchers have set the cattle's selling price after six months. Changes in market conditions will not affect the price. The ranchers will focus on controlling their costs to attain their target income. Locking in prices guarantees selling of stable prices, which allows them to plan of expected income.
Fickel Company has two manufacturing departments—Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $19.00 per direct labor-hour and $15.00 per direct labor-hour, respectively. The company’s direct labor wage rate is $21.00 per hour. The following information pertains to Job N-60: Assembly Testing & Packaging Direct materials $ 375 $ 39 Direct labor $ 168 $ 84 Required: 1. What is the total manufacturing cost assigned to Job N-60? (Do not round intermediate calculations.) 2. If Job N-60 consists of 10 units, what is the unit product cost for this job?
Answers
The total manufacturing cost assigned to Job N-60 is $ 696. If Job N-60 consists of 10 units, the unit product cost for this job is $111.00.
How to find the manufacturing costs ?Direct materials (Assembly + Testing & Packaging) = $375 + $39
= $414
Direct labor (Assembly + Testing & Packaging) = $168 + $84
= $252
Overhead applied (Assembly + Testing & Packaging) = $19 * 168 + $15 * 84 = $316 + $126
= $442
Total manufacturing cost = $414 + $252 + $442
= $1110
Unit product cost = Total manufacturing cost / Number of units
= $1110 / 10
= $111.00
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