QUESTION 164 The draft results of Surya Ltd. for the year ended 31st March, 2020, prepared on the hitherto followed accounting policies and presented for perusal of the board of directors showed a deficit of * 10 crores. The board in consultation with the managing director, decided to value year-end inventory at works cost (* 50 crores) instead of the hitherto method of valuation of inventory at prime cost (* 30 crores). As chief accountant of the company, you are asked by the managing director to draft the notes on accounts for inclusion in the annual report for 2019-2020.

Answers

Answer 1

I understand that the board of directors has decided to value the year-end inventory at works cost instead of the previously used method of valuation of inventory at prime cost. This decision was made after reviewing the draft results of Surya Ltd. for the year ended 31st March, 2020, which showed a deficit of 10 crores.

As the chief accountant of the company, I have drafted the following notes on accounts for inclusion in the annual report for 2019-2020:

1. Inventory Valuation: The inventory at year-end has been valued at works cost instead of the previously used method of valuation of inventory at prime cost. This change in valuation method has resulted in an increase in the value of inventory by 20 crores (50 crores – 30 crores).
2. Impact on Profit and Loss Statement: As a result of the change in inventory valuation method, the cost of goods sold has increased, and the gross profit for the year has decreased by 20 crores. However, the deficit of 10 crores has been reduced to 30 crores.
3. Explanation of Works Cost: Works cost includes the cost of raw materials, direct labor, and overheads directly related to the production process. This cost is considered a more accurate reflection of the true cost of inventory as it takes into account all the expenses incurred in the production process.
4. Compliance with Accounting Standards: The change in inventory valuation method is in compliance with Accounting Standard 2, which allows for the use of either prime cost or works cost method for the valuation of inventory.
I hope this information is helpful in drafting the notes on accounts for the annual report for 2019-2020. Please let me know if you have any further questions or concerns.

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Related Questions

Most string instrument bows are made from _____. Question 10 options: String Yarn Horse Hair Human Hair

Answers

Answer:

horse hair

Explanation:

yes, horse hair! <><><><><><><><><><>

Which of these will have the highest monthly payout upon annuitization?
a. Life with period certain
b. Joint and survivor life
c. Straight life
d. Joint life

Answers

A straight life annuity is one of the most common and popular forms of annuity payouts and one that usually offers the highest monthly payout upon annuitization.

Here correct answer is C)

Unlike joint and survivor life annuities or other annuities that provide benefits for more than one person or for longer than one’s lifetime, the straight life annuity is typically the cheapest one that lasts for the life of the annuitant, meaning that no other beneficiary will receive benefits.

Furthermore, this type of annuity is typically the least restrictive when it comes to tax and estate implications, making it the ideal choice for those seeking tax advantages. As a result, when one chooses to annuitize their savings or investments, the monthly payment they receive through this type of annuity will usually be higher compared to other types.

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which statement accurately reflects the activity of lobbying by interest groups?

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Interest groups engage in lobbying activities to influence government policies and decisions.

Lobbying is the process by which INTEREST groups, representing specific industries, organizations, or causes, attempt to influence legislators, policymakers, or government officials to support their interests or agenda.

can take various forms, including direct communication with lawmakers, providing research and information, organizing grassroots campaigns, and offering campaign contributions.

interestgroups engage in lobbying to shape legislation, regulations, and public policies in a way that aligns with their goals and interests. They seek to persuade policymakers to adopt or modify laws or regulations that favor their members or constituents. Lobbying can involve meetings with lawmakers, presenting research or data, providing testimonies in legislative hearings, or organizing advocacy campaigns to mobilize public support.

It is important to note that lobbying is a legal and common practice in democratic societies, allowing citizens and organizations to express their opinions and influence the policy-making process. However, concerns can arise regarding the influence of money, unequal access, and the potential for undue influence in the lobbying process. Regulations and transparency measures are often put in place to ensure accountability and prevent corruption in lobbying activities.

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select all the correct answers. which three goals marked the progressive movement? expansion of capitalism isolationism regulation of business political reform women’s suffrage

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The correct answers are: Regulation of business, Political reform and Women's suffrage these three goals marked the progressive movement.

In the late 19th and early 20th centuries, the Progressive Movement encompassed a wide range of objectives and projects designed to address social and political issues. This movement had three main aims:

Business regulation: Through antitrust laws and regulations, progressives aimed to reduce the influence of powerful monopolies and large corporations. They held the opinion that unethical business practices resulted in economic inequality and worker exploitation.

Political reform: The goals of progressives were to end political corruption and increase public accountability. To ensure fair and transparent governance, they pushed for electoral reforms like direct primaries, secret ballots and restrictions on campaign spending.

Women's suffrage: The fight for women's right to vote was greatly aided by the Progressive Movement. The 19th Amendment to the U.S. Constitution was successfully ratified in 1920 thanks to the tireless efforts of suffragettes and their allies.

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What is an accurate definition of experience?

the collection of things a person has done
a natural ability a person is born with
a subject a person would like to learn more about
the factors that have influenced a person throughout life

Answers

Answer: A)the collection of things a person has done

Explanation: just answered it EDGE 2021

Answer:

A on edge

Explanation:

Under a credit disability policy, until what point will payments to the creditor be made for the insured?

Answers

Under a credit disability policy, payments to the creditor will be made on behalf of the insured for a specified period of time, which is typically determined by the terms of the policy.

The purpose of a credit disability policy is to help the insured make loan payments in the event that they become disabled and are unable to work. The policy will typically cover the loan payments for a set period of time, which may be a few months or a few years, depending on the policy terms.

Once the insured has recovered from their disability and is able to work again, the payments to the creditor will cease. Alternatively, if the insured remains disabled beyond the period covered by the policy, they may be eligible for additional benefits under a long-term disability policy or other insurance coverage.

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How does accenture help companies harness the power of data to achieve optimal business outcomes?.

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The things that are implemented by Accenture to ensure the reliability of their data are data governance and management policies.

What is data governance?

Data governance simply means the collection of tools, processes, standards, policies, etc. which ensure the efficient and effective use of information in an organization.

Data governance and management policies are used by the company for the efficient use of information. Also, the use is strong authentication in order to access sensitive data is needed to ensure privacy.

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One of calvin's employees is having problems with a production machine so calvin helps him troubleshoot the problem. calvin is using his ________ skills

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One of calvin's employees is having problems with a production machine so calvin helps him troubleshoot the problem. calvin is using his technical skills.

One of the three skill sets that Robert Katz identified as essential to a leader's success in an organisation is conceptual skill. While each skill set has its place in various contexts, conceptual skills—as opposed to lower-level and line management—tend to be more applicable in situations requiring higher-level thinking and broad strategic considerations. As a result, conceptual abilities are frequently seen as essential components of effective leadership.

Although it is difficult to describe, conceptual thinking can generally be thought of as the capacity to generate concepts or mental abstractions in the mind. The main focus of conceptual talents is the generation of ideas using a combination of imaginative intuitions and in-depth knowledge about a particular context (such as the incumbent's industry, organisational mission and objectives, competitive dynamics, etc.).

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Keith wants to buy his first vehicle for $10,000. the dealer will sell it to him over three years at seven percent interest or lease it to him for the same rate over the same period. the vehicle has a residual value of $5,000 at the end of the lease. using the table, which compares lease and purchases monthly payments, if keith has no down payment, calculate how much less his monthly lease payments will be than his monthly purchase payments?
a. $123.34
b. $314.59
c. $125.22
d. $211.34

Answers

If Keith has no down payment, his monthly lease payments will be less than his monthly purchase payments by $123.34. Thus, option A is the correct option.

We must first compute the monthly payments for the lease and the purchase, then determine the difference between them in order to compare the lease and buy payments.

Let's begin by determining the purchase's monthly payment using the loan formula:

Purchase price - Down payment = $10,000 - $0 = $10,000 Loan amount (Principal)

Interest rate (r) equals 7%, or 0.07.

Number of periods (n) equals three years, or three times a year, or 36 months.

The formula for calculating the monthly payment for the purchase is as follows:

PMTpurchase:

Principal×r×(1+r)n

Substituting the values:

purchase=10000×0.07×(1+0.07)36(1+0.07)36−1

PMTpurchase

=(1+0.07)36

10000×0.07×(1+0.07)36

PMT= $314.59

Next, let's figure out the lease's monthly cost. Due to the residual value remaining at the conclusion of the lease, the calculation for the monthly payment under a lease is slightly different:

The purchase price minus residual value is $10,000 minus $5,000, which equals $5,000.

The calculation for the lease's monthly payment (PMT_lease) is as follows:

PMTlease

(1+r)n −1

Leaseamount×r×(1+r)n

Substituting the values:

lease=5000×0.07×(1+0.07)36(1+0.07)36−1

PMTlease

=(1+0.07)36−1

5000×0.07×(1+0.07)36

PMT= $191.25

Now, let's find the difference between the lease and purchase payments:

Monthly savings = PMTpurchase - PMTlease

Monthly savings ≈ $314.59 - $191.25

≈ $123.34

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shows the amount of savings and borrowing in a market for loans to purchase homes, measured in millions of dollars, at various interest rates. What is the equilibrium interest rate and quantity in the capital financial market

Answers

Answer:

7% and 135

Explanation:

The computation of the equilibrium interest rate and the quantity is shown below:

As we can see in the attached figure that at the interest rate of 7% the Qd is equivalent to Qs i.e 140

And when it the interest rate is 8% the quantity of lending is 145 and the quantity of borrowing is 135 that decreased the quantity of lending by 140 to 135 so we considered the 135

shows the amount of savings and borrowing in a market for loans to purchase homes, measured in millions

Making Decisions It is Friday, Homecoming, and the big game with a rival school is tonight. You have an after-school job, and you have been saving for the big event for the past month. BUT, you had to purchase two new tires for your car; and now you only have $40 to spend. You need to get gas, pay to get into the game, and you had planned to take your date out to eat after the game before you go the Homecoming dance. Answer each question in complete sentences using proper grammar and punctuation: 1. Do you have enough money to do all that you had planned? 2. If gas costs $3.00 per gallon, what factors will determine how much gas you purchase? 3. We will assume that you and your date will get into the game for free since you are students. Will you have enough to take your date to dinner after the game, once you purchase gas for your car? 4. Would you be better off to cancel the whole night's plans? Justify your answer...tell why you made your choice.​

Answers

Answer:

1. No

2.If you are on a budget it depends if you want to purchase $50 or another amount, while if you want to fill up the gas tank it depends on the cars' capacity. Some cars can take up to 11 gallons of gas, so if wanting to fill up the tank you would need to spend $33.

3. no because i will have 6 dollars left.

4. yes and chill at home with my date, im  sure he/she will understand unless they will help pay for it or ask parents.

JUSTIFYING ANSWER= i choose to be this way because first off i would save my money once i even found about homecoming.

Explanation:

Which of the following is NOT considered to be a 'good' under the UCC definition?
Car
House
Pillow
Table
House plant


Under the UCC, this person is defined as someone who sells or contracts to sell goods:

Buyer
Purchaser
Merchant
Seller
Manufacturer

Answers

Q. Under UCC definition "House" is not considered to be a good.

As defined by the UCC (UniformCommercial Code), "goods" means any movable, tangible personal property that can be bought or sold. Under the UCC definition, items such as cars, pillows, tables, and houseplants are considered commodities, but "house" are not considered commodities.

This is because housing is usually classified as real estate or immovable property rather than movable or tangible personal property. The UCC is primarily concerned with regulating the sale and trading of goods, and its provisions may not directly apply to real estate transactions or transfers of real estate. 

Q. Under the UCC, this person is defined as someone who sells or contracts to sell goods is "Seller".

A seller is a natural or legal person engaged in the sale of goods. This designation includes both dealers and non-dealers who sell goods. Specifically, a dealer is a natural or legal person who regularly engages in the sale of goods and who has specialized knowledge or expertise in relation to the respective goods being sold.

The UCC contains certain rules and regulations governing the rights and obligations of sellers in transactions involving the sale of goods

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Survey researchers design and conduct surveys and analyze data. Some survey researchers design public opinion surveys. Other survey researchers (market research analysts) design marketing surveys which examine products or services that consumers want, need, or prefer. Most survey researchers work in research firms, polling organizations, nonprofits, corporations, colleges and universities, and government agencies. The majority work full time during regular business hours. A bachelor's degree may be sufficient for some entry-level positions. The median annual wage for survey researchers was $49,760 in May, 2014. SOURCE: Bureau of Labor and Statistics, U.S. 준. Surveys for scientific research cover various fields, including government, health, social sciences, and education. For example, a survey researcher may try to capture information about the prevalence of drug use or disease. An anonymous survey of college students was taken to determine behaviors regarding alcohol, cigarettes, and illegal drugs. The results were as follows: 894 drank alcohol regularly 665 smoked cigarettes 192 used illegal drugs 424 drank alcohol regularly and smoked cigarettes 114 drank alcohol regularly and used illegal drugs 119 smoked cigarettes and used illegal drugs 97 engaged in all three behaviors 309 engaged in none of the behaviors Source: Jamie Langille, University of Nevada Las Vegas How many students were surveyed? How many drank alcohol regularly or smoked cigarettes? How many used illegal drugs only? How many drank alcohol regularly and smoked cigarettes, but did not use illegal drugs? How many drank alcohol regularly or used illegal drugs, but did not smoke cigarettes? How many engaged in exactly two of these behaviors? How many engaged in at least one of these behaviors?

Answers

a. The number of students surveyed was 1,000.

b. 1,300 students drank alcohol regularly or smoked cigarettes.

c. 75 students used illegal drugs only.

d. 310 students drank alcohol regularly and smoked cigarettes but did not use illegal drugs.

e. 1,110 students drank alcohol regularly or used illegal drugs but did not smoke cigarettes.

f. 193 students engaged in exactly two of these behaviors.

g. 997 students engaged in at least one of these behaviors.

How many students participated in the survey?

According to the survey results, there were a total of 309 students who engaged in none of the behaviors, and the remaining students fell into various categories. To determine the number of students surveyed, we sum up the frequencies of all behaviors mentioned in the survey results. Therefore, the total number of students surveyed is 1,000. From the provided data, we can calculate the number of students who drank alcohol regularly or smoked cigarettes by adding the frequencies for each behavior individually. Similarly, we can find the number of students who engaged in specific combinations of behaviors, such as using illegal drugs only or drinking alcohol regularly while smoking cigarettes but not using illegal drugs. By analyzing the data, we can answer each of the given questions accurately.

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Antonio, a 45-year-old, has been charged with fraud for conning an elderly couple into giving him their atm card. a judge listens to the evidence against him and decides that antonio should be charged. antonio’s lawyer points out that he has never been a violent person. he concedes that the charge against antonio is serious but promises that if set free until trial, he will return to face the charges. given his history and the crime, what will the judge most likely do to antonio at this stage? he will release antonio on his own recognizance. he will release antonio into the custody of his wife he will set bail for antonio at $3000 he will detain antonio in jail until the trial date

Answers

If Antonio, a 45-year-old, has been charged with fraud for conning an elderly couple into giving him their atm card.  The judge will  likely: C. He will set bail for Antonio at $3000.


What is fraud?

Fraud can be defined as the act of deceiving someone due to the benefit that a person what to derived or due to the selfish interest of the person who defraud another person. A fraudulent act  is a criminal act  in the court of law.

Based on the given scenario since the judge listens to the evidence against Antonio and decides that he should be charged , based on the history and crime of Antonio what the judge is likely to do is to set bail for Antonio at the amount of $3,000.

Therefore we  can conclude that the correct option is C.

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If a firm grants credit with terms of 3/10, net 30, the customer Note wered Mand out 3.33 Flag Union #must pay a penalty of 3 percent when payment is made in more than 10 days after the sale b. receives a discount of 3 percent when payment is made in less than 10 days after the sale c. must pay a penalty for 10 percent when payment is made in more than 3 days after the sale Od receives a discount of 10 percent when payment is made in less than 3 days after the sale.

Answers

If a firm grants credit with terms of 3/10, net 30, the customer receives a discount of 3 percent when payment is made in less than 10 days after the sale. So option b is the correct answer.

The terms "3/10" indicate that a 3% discount is offered if the customer makes payment within 10 days after the sale. The "net 30" term means that the full amount is due within 30 days after the sale, without any discount.

The customer does not have to pay a penalty, but rather has the opportunity to receive a discount for early payment. The terms encourage prompt payment and provide an incentive for the customer to settle the invoice within the specified timeframe to benefit from the discount.

Therefore the correct answer is option b. receives a discount of 3 percent when payment is made in less than 10 days after the sale.

The question should be:

If a firm grants credit with terms of 3/10, net 30, the customer

a. must pay a penalty of 3 percent when payment is made in more than 10 days after the sale

b. receives a discount of 3 percent when payment is made in less than 10 days after the sale

c. must pay a penalty for 10 percent when payment is made in more than 3 days after the sale

d. receives a discount of 10 percent when payment is made in less than 3 days after the sale.

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Regardless of whether the traditional view of the total cost of quality or the zero defects view of the total cost of quality is taken, which of the following is correct?a. As the defect level increases, the prevention cost increases.
b. As the defect level increases, the appraisal cost increases.
c. As the defect level decreases, the failure costs increase.
d. As the defect level increases, the failure costs increase.

Answers

Option d. As the defect level increases, the failure costs increase is the correct option among the given according to the information provided.

The Zero Defect Theory ensures that the project is lean. Waste refers to all non-productive processes, tools, people, etc. Anything that is unproductive and does not add value to the project should be eliminated. This is called the waste elimination process.

Eliminating waste creates an improvement process and reduces costs accordingly. Common to the zero-defect theory is the concept of "doing it right the first time" to avoid costly and time-consuming fixes later in the project management process. Zero Defects is a philosophy that emphasizes the importance of doing things right the first time. It is intended to eliminate errors, improve product or service quality, and reduce waste-related costs.

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What is the difference between a total and a subtotal?

Answers

Explanation:

SUB-TOTAL:

The total for a part of a list of numbers being summed.

TOTAL:

An amount obtained by addition of smaller amounts.

Answer:

subtotal is all the different parts being added together from different list.

total is the all items being added together plus tax.

Explanation:

PLEASE HELP!
There are 2 types of sales approaches used in the sales process. These are: soft approach and hard approach. Explain both with examples for each.

Answers

Answer:

Soft Sell-Many customers appreciate the soft sell approach when they just need some guidance in deciding on a selection. The seller can use gentle persuasion or suggestion to convince the buyer. Soft sell techniques include pointing out that many of the items were sold last week, recommending a certain model that costs less or saying that you recently bought the same product and are happy with it. No pressure is used. You state facts and allow the buyer to decide.

Hard Sell-High-pressure tactics often are not well-received by customers. However, the intimidation in the hard sell might cause some people to buy a product they don’t really want or need. Hard sellers try to make customers feel they must buy the product or service right now. The salesman claims that the product might be gone tomorrow or the that customer has no need to wait because the seller guarantees satisfaction. The seller tries to make the decision for the customer in a hard sell. “You can afford it” or “If you don’t buy it now, it won’t be here later,” the salesperson might say. Many customers are aware of the hard sell and walk away immediately. The soft sell approach usually results in more sales, but the hard sell works sometimes.

NOT MINE FROM THE INTERNET.

the talking gecko used by geico insurance facilitates the development of

Answers

The talking gecko used by Geico insurance facilitates the development of brand recognition and a strong marketing campaign.

Brand Recognition: The gecko's distinctive appearance and voice have become synonymous with GEICO, helping to create a recognizable and memorable brand identity.Consumer Engagement: The gecko's humorous and personable character engages consumers, making them more likely to pay attention to GEICO's advertising messages and consider the company for their insurance needs.Brand Differentiation: The gecko sets GEICO apart from other insurance companies by offering a unique and entertaining spokesperson. It helps the company stand out in a competitive market and creates a distinct brand image.Storytelling: The gecko's presence allows for storytelling in GEICO's advertising campaigns. The character can be used to convey information about insurance coverage, explain complex concepts, and entertain viewers through ongoing narratives.Advertising Effectiveness: The gecko's popularity and likability contribute to the effectiveness of GEICO's advertising campaigns. The character helps capture attention, increase message recall, and ultimately drive consumer behavior towards considering or choosing GEICO for insurance coverage.

Overall, the talking gecko serves as a valuable marketing tool for GEICO, enhancing brand recognition, engaging consumers, differentiating the brand, facilitating storytelling, and increasing the effectiveness of their advertising efforts.

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Brand equity is a function of brand loyalty, name awareness, and other factors.
a. True
b. False

Answers

True. Brand equity is indeed a function of brand loyalty, name awareness, and other factors.

Brand equity refers to the value and strength of a brand in the market. It represents the worth and reputation of a brand in the eyes of consumers and is influenced by various factors. One of the key determinants of brand equity is brand loyalty, which measures the level of consumer attachment and repeat purchase behavior towards a particular brand. When customers exhibit loyalty towards a brand, it enhances its equity.

Name awareness is another factor that contributes to brand equity. It refers to the extent to which consumers are familiar with and recognize a brand. Higher name awareness increases the brand's visibility and potential customer base, positively impacting its equity.

Additionally, brand equity can be influenced by other factors such as brand associations, perceived quality, brand reputation, brand differentiation, and brand positioning. These factors collectively contribute to the overall perception and value of a brand in the market.

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the similarities of African countries

Answers

The similarities between African countries are:

Background on Agriculture in Africa

Despite the great potential for agricultural production in Africa,UNDP states that about 73% of the poor people living in rural areas subsist on less than a dollar a day.In addition, the continent has about 200 million of the world’s hungry people (Millennium Development Goals (MDGs) Technical Support Centre.Furthermore, available statistics suggest that about one-third of the continent’s population is malnourished.Africa is also the only continent where food production has been falling over the years.

One of the maximum famous suggestions for the origins of the time period 'Africa' is that it's far derived from the Roman call for a tribe living in the northern reaches of Tunisia, believed to possibly be the Berber human beings. The Romans variously named these human beings 'Afri', 'Afer', and 'If'.

It is brimming full of big things. As the second biggest continent in the world, Africa is jam-full of a number of the world's biggest things: the biggest desolate tract within the globe, the Sahara wilderness (explore it on our Morocco itineraries). The longest river in the world, the Nile River, runs for 6,853km (4,258mi).

Luxembourg is a small, landlocked U. S . Positioned in western Europe and bordered by means of Belgium, France, and Germany. With a population of 642,371, Luxembourg is the simplest Grand Duchy in the world. Its GDP in keeping with a capita of $a hundred and forty,694 makes it the sector's richest.

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What is the interest owed on a loan of $100 at 10% for 3 months?

Answers

Answer:

$2.50

Explanation:

The information is somewhat incomplete. It does not state whether simple or compound interest which could make a difference

I am assuming simple interest

The formula for simple interest is

I = Prt

where I is interest

P is amount of loan

r is annual rate of interest expressed as a decimal

t = number of years

We are given
P = $100
r = 10$ = 10/100 = 0.10

t = 3 months = 3/12 year = 1/4 th of a year

I = 100 x 0.10 x 1/4 = $2.50

If the financial statements cannot be relied upon because they contain one or more material departures from gaap, which type of audit opinion will be issued by the auditor?.

Answers

The type of audit opinion that will be issued by the auditor is an adverse opinion.

A company or a business will usually issue financial statements in a certain period. This financial report is useful for knowing the transactions carried out within the company.

Of course, financial statements do not only dwell on financial records. There are many things you should know about financial statements. Such as understanding, benefits, examples, functions, to the income statement. Moreover, if you have a business, having financial statements is mandatory. Broadly speaking, financial statements are records of a company's transactions, both in-business transactions such as sales, or outside business transactions such as stock purchases, investments, and taxes.

This financial report is also very important to be arranged neatly so that investors or stakeholders can see that the business finances you are living are stable, well planned, and growing. Not only does it have an important role to get investors, but financial reports can also have other benefits in the business you are in.

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What would you like to know?

Answers

Why are we here. Just to suffer.

Answer:

I like these free points. Also Panic! At The Disco anyone?

Explanation:

what is the primary cause of failure for strategic initiatives?

Answers

Strategic initiatives are the ways through which a company translates its goals, objectives and visions into practice.

Raising of brand awareness, Launch of customer-facing retail outlets, Establishment of online channel for sales of products are examples of Strategic initiatives in a company.

The major reason for failure of strategic initiatives is the inability of decision-makers in a company to understand the relevance and how to measure progress.

Therefore, the primary cause of failure for strategic initiatives is ignorance about monitoring of progress.

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Answer:

Improper execution

Explanation:

Kirk McCoy is district sales manager for the Jimmy Dean division

Lee Corp. He has six sales managers that report to him. McCoy

most of the decisions for his people and demands that they check

him on any changes in pricing, sales scheduling and routing, and

presentation material. McCoy operates a department.

Answers

Answer: centralized

Explanation:

Based on the information given in the question, we can infer that McCoy operates a centralized department.

This is a centralized department because McCoy takes the decisions in the organization. In a centralized department, the organizational structure is such that the power regarding the decision is confined to top management, while the followers just follow the instructions

gertrude quit her $40,000- per- year job to start her own own consulting firm. she withdrew her savings of $50,000 which was earning her an interest of $2000 in the bank and invested in her own consulting firm. at the end of her first year of operation, her total revenues were $208,000. her total explicit costs were $108,000. how much are her accounting profits from her own consulting firm? group of answer choices $30,000 $100,000 $50,000 $48,000

Answers

Gertrude's accounting profits from her consulting firm are $100,000, calculated by subtracting explicit costs ($108,000) from total revenues ($208,000).

To calculate Gertrude's accounting profits, we need to subtract her explicit costs from her total revenues.

Total revenues = $208,000

Explicit costs = $108,000

Accounting profits = Total revenues - Explicit costs

= $208,000 - $108,000

= $100,000

Hence, Gertrude's accounting profits from her own consulting firm are $100,000.

Therefore, Gertrude's decision to start her own consulting firm has resulted in a positive accounting profit of $100,000. This indicates that her firm's revenues from consulting services exceed the explicit costs incurred in running the business.

It is important to note that accounting profits do not take into account implicit costs, such as the opportunity cost of Gertrude quitting her job and the foregone interest income from her savings. However, based on the given information, her accounting profits alone amount to $100,000. Hence, Gertrude's accounting profits from her own consulting firm are $100,000.

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managers should stimulate functional conflict when their group

Answers

Managers should stimulate functional conflict when their group can benefit from diverse perspectives and ideas, leading to improved decision-making and innovation within the team.

Functional conflict refers to a type of conflict that arises from disagreements or differences in opinions related to work tasks, goals, or strategies. Unlike dysfunctional conflict which is destructive and hinders group performance, functional conflict can have positive outcomes when managed effectively. By stimulating functional conflict, managers encourage open discussions, debates, and the expression of diverse viewpoints within the group.

Functional conflict can lead to several benefits. It promotes critical thinking, encourages creativity, and helps uncover alternative solutions to problems. It challenges group members to analyze and evaluate different perspectives, leading to higher-quality decisions. Additionally, functional conflict fosters innovation by encouraging the exploration of new ideas and approaches.

However, it is essential for managers to maintain a balance and ensure that the conflict remains focused on the task at hand and does not escalate into personal attacks or destructive behaviors. Effective conflict management techniques, such as establishing clear communication channels, promoting respect and collaboration, and providing constructive feedback, are crucial in harnessing the positive outcomes of functional conflict within a group.

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The wages of factory maintenance personnel would usually be considered to be: Indirect labor Manufacturing Overhead A. No Yes B. Yes No С. Yes Yes D. No No a. Option A b. Option B c. Option C d. Option D

Answers

Available choice C's "Manufacturing overhead cost" is the realistic solution. The term "manufacturing overhead" refers to the indirect expenses incurred by a corporation during its production process.

Do manufacturing overheads include indirect factory labor?

Manufacturing overhead, sometimes referred to as production overhead, factory overhead, or factory burden, is the collective term for all the supplemental expenses needed to run your firm. They could consist of: indirect labor, such as cleaning and maintenance staff

What are the components of indirect labor costs?

Wages paid to employees who carry out tasks that assist others in producing goods and rendering services are referred to as indirect labor costs. The cost of labor is the component that is not directly related to production.

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The following are the qualitative model approaches except :
A) sales force composition model B) multiple regression C) jury of executive opinion model D) consumer market survey model
E) Delphi model

Answers

The qualitative model approaches that exclude sales force composition model, multiple regression, jury of executive opinion model, and consumer market survey model are Delphi model. The correct option is E.

What is a qualitative model?

A qualitative model is a type of model that is used to illustrate things that are difficult to quantify or measure. Qualitative models are useful for portraying things that are difficult to express numerically or that lack quantitative data. To represent the concept of a customer journey, a qualitative model may be employed.

Qualitative modeling is a modeling strategy that involves looking at patterns, relationships, and processes in a non-numerical, non-quantifiable manner.

The following are the qualitative model approaches except: The qualitative model approaches that exclude sales force composition model, multiple regression, jury of executive opinion model, and consumer market survey model are Delphi model. The correct option is E.

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