________ refers to the concept that a manager will only investigate budget variances that are relatively large.

Answers

Answer 1

Materiality refers to the concept that a manager will only investigate budget variances that are relatively large.

Materiality is a concept in accounting and management that refers to the relative size or significance of a budget variance. Materiality determines whether a manager will investigate a budget variance or not.

If a variance is material, meaning it is relatively large, then the manager is likely to investigate it to determine its cause and whether corrective action is necessary. On the other hand, if a variance is immaterial, meaning it is relatively small, then the manager may choose not to investigate it further.

The concept of materiality is essential in budgeting and financial reporting because it helps managers to focus on significant variances that can have a material impact on the organization's financial performance.

By investigating material variances, managers can identify potential problems or opportunities and take appropriate action to address them. However, investigating every variance, regardless of its size, can be time-consuming and costly, and may not be a good use of resources.

Therefore, materiality helps managers to prioritize their efforts and resources on issues that matter the most to the organization's financial health and success.

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Related Questions

write the
5 imp of professsion​

Answers

1. Willingness to learn
2. Positive attitude
3. Conflict resolution
4. Helpfulness
5. Integrity

there’s more!!

Explain in your own words how traffic congestion leads to allocative inefficiency.

Answers

Answer:

Wear and tear on vehicles leads to more recurrent replacements and repairs.

Explanation:

Traffic congestion can occur as a result of a lack of road capacity.

The causes of traffic congestion include overpopulation, frequent use of private cars, and inadequate public transport.

Traffic congestion may slow down the growth of metropolitan cities.

It also formulates economic geographies.

Wear and tear on vehicles leads to more recurrent replacements and repairs.

Explain how herbs are used in treating any
5 diseases

Answers

Answer:

An herb is a plant or plant part used for its scent, flavor, or therapeutic properties. Herbal medicines are one type of dietary supplement. They are sold as tablets, capsules, powders, teas, extracts, and fresh or dried plants. People use herbal medicines to try to maintain or improve their health.

Explanation:

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Which of the following statements is false?
1. Bayes’ theorem provides a way to transform prior probabilities into posterior probabilities.
2. If A and B are mutually exclusive events, then P(A | B) = 0.
3 When assigning subjective probabilities, use experience, intuition, and any available data.
4 A joint probability can have a value greater than 1

Answers

The false statement is that if A and B are mutually exclusive events, then P(A | B) = 0. The correct answer is option 2.

When events A and B are mutually exclusive, it means that they cannot occur simultaneously. In this case, the conditional probability P(A | B), which represents the probability of event A occurring given that event B has occurred, will always be 0 because the occurrence of event B makes event A impossible.

This is because the events are mutually exclusive, and if one event has occurred, the other cannot occur. Therefore, the probability of event A happening given that event B has occurred is 0.

The correct answer is option 2.

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who is responsible for what activities when a shipment has the following terms: fob origin / collect / allowed?

Answers

FOB origin/collect/allowed means that the buyer is responsible for paying the shipping charges, and the seller is responsible for loading the goods onto the shipping vessel.

The buyer assumes the risk and responsibility for the goods once they are loaded onto the vessel. Therefore, the buyer is responsible for all activities related to the transportation of the goods from the origin to the destination, including any insurance or additional charges that may apply. The seller is responsible for loading the goods onto the vessel and ensuring that they are in good condition at the time of loading.

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A ________ is an individual who pays a lump sum plus a royalty on all sales to a specific company in return for the right to operate a business in a specific location.

Answers

A Franchisee is an individual who pays a lump sum plus a royalty on all

sales to a specific company in return for the right to operate a business in a

specific location.

A franchisee is an individual who is giving the right to sell its products under

particular company name . The franchisee pays the company a certain

percentage of sales as royalty.

The targeted companies are usually those who have a very high brand

equity and customer base .They have been able to sustain and thrive in the

economy over a long period of  years

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If I buy 40 shares of Visa stock at a price of $149.58 per share and
the price goes up by $0.47 in one day, what is the percent gain?

Answers

Answer:

use cash

Explanation:

its less confusing.

What must societies do to provide goods and services given that resources are scarce?

Answers

Answer:

They have to be allocated properly. A further explanation is given below.

Explanation:

The precious resources of the social system must be an implementation of the overall organization to that same manufacturing of merchandise, throughout trying to maintain with the tastes and preferences of the members of the population. The certain apportionment of collective resources will indeed contribute throughout the concentration of a single combined effect of various merchandise.

Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home

Answers

Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.

Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.

Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.

Hence, the correct options are "A, B & C".

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They have fixed costs of £200 per month Each item's raw materials cost £50 The items sell for £150 each


What is the Break Even Point for the business?

Answers

Answer:

2 unit

Explanation:

The break-even point is that point at which a business makes no profit after settling all the necessary fixed cost for the period. It is the point preceding profit making at which costs are recovered

It is calculated by dividing the fixed costs with the sales revenue less the variable cost per unit of an item.

Workings

Fixed cost = 200

Selling price = 150

Variable cost = 50

Break even point = 200/(150-50)

=2 units

Any sales below this ends up in a loss as the fixed cost will not be fully recovered.

When_
a business, there could be many departments or just a few.

Answers

When running a business, there could be many departments or just a few.

What is a business?

This is a term that is used to refer to an organization that is set up for the sake of gains or profits.

A business could be responsible for the delivery of a product or they could be involved in the rendering of services.

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outline 2 advantages to H&H of using secondary market research​

Answers

Answer:

Explanation:
It provides quick information and factual background perspectives
It is less expensive and affordable

In one session, we covered service levels and how setting service levels can affect furm performance. How important do you think service levels are? What impact do they have on overall farm performance? What should you consider when setting them? Should they or should they not be different among customers? If yes, why, if not why not?

Answers

In determining the performance of a farm or any business that provides products or services, service levels are indeed essential.

You can sum up the significance of service levels as follows:

1. Customer Satisfaction: Customer satisfaction is directly impacted by service standards. Higher customer satisfaction levels are a result of meeting or exceeding customer expectations for product availability, delivery timeliness, responsiveness, and general service quality.

2. Reputation and Loyalty: By consistently providing high service standards, the farm develops a positive reputation that encourages client loyalty and repeat business.

3. Competitive Advantage: A farm's service standards might set it apart from its rivals.

4. Operational Efficiency: A farm can optimise its operational procedures by setting appropriate service levels.

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The Coke red brand is perceived as Coke red despite being placed on various t-shirt conditions. Why do we still maintain to perceive Coke red across variation in background?

Answers

Answer: it's an excellent choice when considering branding for food and drink due to people are attracted to it

Explanation:

Coca cola uses the white text on a bright red background. The reason for the red colour is in marketing portraying power, excitement, energy and passion. It also stimulates the appetite as people are attracted to red. This makes it an excellent choice when considering branding for food and drink

When calculating the profit impact of discontinuing a segment, consider _____. Multiple select question. the segment's traceable fixed costs the segment's contribution margin common costs allocated to the segment

Answers

The consideration of the profit impact of discontinuing a segment should center on B. the segment's contribution margin.

What is the contribution margin?

The contribution margin is the amount of profit that is derived after subtracting variable costs from net sales.

It is called contribution margin because it is the profit left to pay for fixed costs and generate a profit.

Thus, when calculating the profit impact of discontinuing a segment, consider Option B.

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(a) compute rocky's accounts receivable turnover. (b) if its competitor, dixon, has an accounts receivable turnover of 9, which company appears to be doing a better job of managing its receivables?

Answers

(a) To compute Rocky's accounts receivable turnover, divide net credit sales by the average accounts receivable.

net credit sales = gross credit sales − returns − allowances Average accounts receivable = (beginning accounts receivable + ending accounts receivable) / 2 Rocky's accounts receivable turnover = net credit sales / average accounts receivable

(b) If Dixon has an accounts receivable turnover of 9, it seems to be doing a better job of managing its receivables than Rocky since it has a higher turnover rate.

The accounts receivable turnover for Rocky can be computed using the formula below;

AR turnover = Net sales / Average accounts receivable Where;

Net sales = Gross sales - Sales returns and allowances Average accounts receivable = (Beginning accounts receivable + Ending accounts receivable) / 2We have that;

Net sales = $180,000 - $20,000 = $160,000

Average accounts receivable = ($25,000 + $35,000) / 2 = $30,000

Answer: a) Rocky's accounts receivable turnover = 5.3.

b) Dixon is doing a better job of managing its receivables than Rocky.

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Question 1 of 10 If you make a plan to get a certain amount of a project done each day, what skill have you demonstrated? A. Time management B. Punctuality O C. Moral standards D. Integrity ​

Answers

Answer: A

Explanation: not sure, but i think its correct

essay on trade unions and labor restrictions​

Answers

Answer:

A trade union is an association of workers from certain professions for the purpose of promoting common interests related to their work. The work of trade unions is thus usually about work-related issues such as wages, job security, leisure time, but also about things like education and job titles where applicable. Trade unions negotiate wages and conditions with employers in wage agreements they make on behalf of their unions. Thus, these unions seek to maximize the rights of workers in their work spaces, trying to ensure that employers respect the rights of their employees without restriction of any kind.

ultimately sales organizations need to work toward developing a performance management system. group of answer choices true false

Answers

True. Sales organizations do need to work toward developing a performance management system.

This is because a performance management system helps to track and measure the performance of sales representatives, identify areas for improvement, and provide feedback and coaching to help them achieve their goals.

Ultimately, sales organizations need to work toward developing a performance management system because it helps in setting goals, tracking progress, evaluating performance, and providing feedback. This ensures better performance, accountability, and continuous improvement for the sales team.

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Culver City College, a public college, has a 10-week summer session that starts on June 25, 2020, so that one week is held during FY 2020 and the other nine weeks meet during FY 2021. Tuition and fees in the amount of $1,000,000 were collected from students for classes to be conducted in this session.

Required:
What amount should Culver City College recognize as unrestricted revenue in each of the years ended (FYE) June 30, 2020 and June 30, 2021?

Answers

Based on the information given, the amount that will be recognized as unrestricted revenue in each of the years will be $100,000 and $900,000.

Unrestricted revenue simply means the donations that can be used by a company or group for purposes that meet the goals that were set aside.

From the information, the unrestricted revenue in June 30, 2020 will be:

= 10% × $1,000,000

= $100,000

The unrestricted revenue for June 30, 2021 will be:

= $1,000,000 - $100,000

= $900,000

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Drag each tile to the correct box.
Sequence the correct steps that an accountant needs to follow for recording transactions.

record the transaction as an entry in the
journal

obtain the source document and verify its authenticity

prepare the trial balance

make adjustment entries

post the entry into a ledger

Answers

The correct steps that an accountant needs to follow for recording transactions: obtain the source document and verify its authenticity, record the transaction as an entry in the journal, post the entry into a ledger, prepare the trial balance, and make adjustment entries.

What is accounting procedure?

Accounting procedures are standardized processes that are used within the accounting department to perform a function.

An accounting procedure is intended to perform a function efficiently while incorporating adequate controls to reduce the risk of loss. A procedure can also be created as a training tool for employees, who can read the document to learn about a new job.

The accountant must first obtain the source document and verify its authenticity, and then post into journal and ledger. Then the trial balance is prepared and the accounts are closed with the necessary adjustment entries.

Therefore, the correct steps that an accountant needs to follow for recording transactions is given above.

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A buyer bought a house, received a deed, and moved into the residence but neglected to record the document. One week later, the seller died and the heirs in another city, unaware that the property had been sold, conveyed title to a relative, who recorded the deed. Who owns the property

Answers

Buyer because he neglected the documents.

In the given case, buyer owns the property because he neglected the documents.

Who is the buyer?

Anyone in the financial or business fields who research, assesses, and buys things for businesses to sell or utilize in their operations is referred to as a buyer.

Buyers, often referred to as purchasing agents, have to stick to a budget and frequently haggle for reasonable prices on the goods they wish to purchase. A person can learn more about the clients' requirements and desires by using buyer personas. This makes it possible to appeal to those particular desires more successfully.

Therefore, due to his lack of the paperwork, the buyer in the above situation is the owner of the property.

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What are the three basic functions of money ?

Answers

Answer: Money has three primary functions. It is a medium of exchange, a unit of account, and a store of value: Medium of Exchange: When money is used to intermediate the exchange of goods and services, it is performing a function as a medium of exchange.

The three basic functions of money are store of value, unit of account, and medium of exchange.

What is money?

The exchange of commodities and services is referred to as "money." The currency is the country's currency. Different countries use various currencies. Money is typically represented by paper notes and coins. When compared to the batter system, money is more convenient.

There are the three basic money functions such as medium of exchange to currency, it was the paper note into the monetary term. Money was the basic purpose of the buying and selling. It was the easily to the store and spend on as per the conveniently.

As a result, the significance of the three basic functions of money are the aforementioned.

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Please help me 50 WORDS MINIMUM, read the post of my classmates. Reply to one of your classmates, and compare your results. How similar or different was your identification of the main ethical/moral issue? Did you reach a similar decision, or was your decision different from your classmate's? How did your opinion of the critical thinking process compare with your classmate's? After having read your classmate's summary, what might you do differently next time?


MY POST:
Identification:

The main ethical issue is:
 What should the person named in the case do about giving out free samples to customers at a grocery store?

Decision:

The Most ethical resolution for Anthony is to report Mario's action to his supervisor or the Peloni family. This decision is morally justified because it upholds the responsibility of employees to follow company policies and ensure the grocery store maintains its integrity and ethical standards. The Peloni family implemented the policy against giving free samples for a reason, and disregarding this policy could potentially harm the business by diminishing the value of the products and potentially creating a negative customer experience. Determining net utility and applying universality and respect for persons also informed the decision. Ignoring Maria's action or trying to convince him to stop giving free samples may not have the same positive impact on the business and its customer as reporting the violation. Additionally, if Anthony were to talk to the Peloni family about the policy and potential benefits of offering free samples, it could potentially compromise the integrity of the business and be seen as an attempt to justify violating company policy.

Reflection:

The critical thinking process is a systematic and logical approach to problem-solving that involves several steps, including identifying the issue, gathering and analyzing information, evaluating options, and making a decision. As a person, critical thinking is useful to utilize this process in order to provide the most accurate and relevant responses to questions. Personally, find that the critical thinking process is an invaluable tool in both my personal and professional life. It has taught me to approach problems in a more organized and methodical manner, which has allowed me to make more informed and effective decisions. Additionally, by applying critical thinking to everyday situations, am better able to identify biases and assumptions and to evaluate arguments and evidence. Ultimately, the critical thinking process has enabled me to become a more analytical and logical thinker and has provided me with a framework for making better decisions in all areas of my life.


Please help me 50 WORDS MINIMUM, read the post of my classmates. Reply to one of your classmates, and

Answers

Answer:

I agree with your identification of the main ethical issue, which is whether or not to report the violation of the company policy on giving out free samples to customers. Your decision to report Mario's actions to the supervisor or the Peloni family is similar to mine, as it upholds the company policies and ethical standards, and ensures that the customers are getting the right value for the products.

I also appreciate your reflection on the critical thinking process and how it has helped you become a better decision-maker. I share the same opinion that the critical thinking process is an invaluable tool that helps us approach problems in a more organized and methodical manner. By evaluating arguments and evidence, we can make informed decisions that are not based on biases and assumptions.

After reading your summary, I think that I could have included a bit more detail in my response, especially when it comes to explaining why reporting Mario's actions is the most ethical resolution. I appreciate the additional information that you provided in your response, which helped me understand the situation better.

Explanation:

Response to classmate:

I agree with your identification of the main ethical issue in the case, which is whether or not to give out free samples to customers at the grocery store. Our decisions are also similar in that we both believe that the most ethical resolution is for Anthony to report Mario's actions to his supervisor or the Peloni family. We both recognize that upholding company policies is important in maintaining the integrity and ethical standards of the business.

I also appreciate your reflection on the critical thinking process and how it has helped you in your personal and professional life. I share your sentiment that critical thinking is a valuable tool for approaching problems in an organized and methodical manner, and for making more informed and effective decisions.

Next time, I might consider including more specific examples or evidence to support my decision-making process. Additionally, I might try to consider alternative perspectives or counter-arguments in order to strengthen my argument and ensure that I have considered all possible options.

Commitment decision can assist a school leaver to adapt to change of entrepreneurship​

Answers

Answer:

When battling unemployment, entrepreneurship is a solution, entrepreneurs open doors to new ventures, new business, new alliances etc. When an investor puts money into a startup or a venture, the entrepreneur automatically gets to expand its team to scale the venture and hence providing employment to more people.

^_________^ <3

O’donnell & company employs the practice of team building and thinking outside the box. They are likely to have ________blank compared to a company with low engagement.

Answers

O'Donnell & company employs the practice of team building and thinking outside the box. They are likely to have  lower turnover blank compared to a company with low engagement.

Which business strategy that has an impact on HRM is the company's overall initiative to continuously enhance how people, machines, and systems carry out work?

the standard of quality must be met; Total quality management (TQM), a company-wide initiative to continuously improve the ways people, equipment, and systems complete work, is used by businesses to manage quality.

Does the capacity to put HRM's ideas and practices into practice help the company succeed?

The nine skills that HR practitioners must possess are as follows: Technical knowledge and experience in human resources: It is the capacity to use human resource management principles in order to contribute to a business's success.

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PLS HELP PLS
1. How has the job market changed?
2. Will computers/technology affect jobs? How? Or why not?
3. What does the future hold for your generation?

Answers

1. Employees in low-wage jobs saw the biggest decline in employment. Employment among low-wage employees decreased by 11.7 percent from February 2020 to February 2021, from 28.1 million to 24.8 million. This contrasts to a 5.4 percent drop in employment for middle-wage employees, who lost 5.5 million jobs during the same time.

2. Looking at the workforce as a whole, one of the more contentious issues surrounding the effects of computers on employment is that is creates and destroys jobs at different ends of the economy. Computers tend to create high-paying, high-skill technical jobs and destroy low-paying, low-skill jobs.

3. More than 2.5 million Alphas are born every week and by 2025 there will be almost two billion of them. Born to digital technology like it's a fifth element of nature, Alphas will be the wealthiest, the most intensely educated and most dynamic generation that human society has yet seen.

A transcript should be requested from—-
the post office
your references
former employers
past schools you have attended

Answers

past schools you’ve attended

Answer:

Past Schools you have attended

Explanation

Jensen was unable to meet a project deadline, and he noticed that his friend was finding it equally difficult to complete the project on time. Jensen put the blame on the management as he felt that it didn't provide the employees with adequate resources to successfully complete the project. In this scenario, Jensen's perception represents a(n) _____

Answers

The perception of Jensen to blame the management regarding the unavailability of resources is a representation of defensive bias.

What is bias?

A bias is a partial psychological orientation, which represents favor towards a particular thing or condition.

When someone does want to blame himself for not being able to complete the tasks being assigned, such a person will represent a defensive bias, so that he diverts the blame from himself.

Hence, the defensive bias of Jensen is represented in the situation as aforementioned.

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At December 31, the records of Kozmetsky Corporation provided the following selected and incomplete data: Common stock (par $2; no changes during the current year). Shares authorized, 5,000,000. Shares issued, ? ; issue price $7 per share. Shares held as treasury stock, 11,700 shares, cost $5 per share. Net income for the current year, $400,660

Answers

If the common stock account is $143,000 the shares issued is 71500 shares and shares outstanding is 59800 shares.

Shares issued and shares outstanding

Shares issued= Common stock account / par value per share

Shares issued = $143,000 / $2

Sharesd issued= 71500 shares

Shares outstanding = Shares issued - Shares in treasury

Shares outsatnding= 71500 - 11700

Shares outstanding=59,800 shares

Therefore the shares issued is 71500 shares and shares outstanding is 59800 shares.

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This trapezoid represents the base of a right prism that has a surface area of 1688 square feet. The sum of the lengths of the legs of the trapezoid is 42 feet.What is the height of the prism?Enter your answer in the box. ft What is the value of q in the equation 59 - 10 = 75? please helpppp meeeee Which was the first commercial insurance company in the united states to provide private health care coverage for injuries not resulting in death?. May I please get help with this? Note: the choices in the options box are read the article and use the information to answer the following questions. cystic fibrosis cystic fibrosis is genetic, meaning it can be passed from parent to child. what type of mutation causes cystic fibrosis? somatic mutation germline mutation silent mutation if both parents are carriers of the defective cf gene, what is the chance that their child will have cystic fibrosis? 0% 25% 50% 100% The Algebros Softball team had tryouts last weekend and Mr. Brust wanted to play catcher. Mr. Kelly started laughing and said that there is no way Mr. Brust could throw the ball from home to 2 ndbase to catch someone stealing. If a baseball diamond is a square and the length of the sides is 90 feet, then how far does Mr. Brust need to be able to throw the ball? How did cultural change create socialconflict? After training a logistic regression model to predict malignant vs. benign tumors from medical images, we apply the model to make a prediction on a new observation. The output of the sigmoid function is 0.64. What category does our model predict for this new observation In this selection from Frankenstein what does the creature most hope for from the people he calls his protectors Why is Islam the fastest growing religion? Who is the dash girl sitting there? Can someone define what "Geopolitical Landscape" is? Find the solution to the boundary value problem: The solution is y = cos(5t)-(sin(2)/sin(5))sin(2t) dy dt dy dt +10y = 0, y(0) = 1, y(1) = 9 Read the sentence.The company is looking for employees who have a sense of commitment, relevant experience, and who demonstrate loyalty.Which revision uses parallel structure?A. The company is looking for employees who are committed, have relevant experience, and who demonstrate loyalty.B. The company is looking for employees who have a sense of commitment, can show relevant experience, and who demonstrate loyalty.C. The company is looking for employees who demonstrate loyalty, have a sense of commitment, and relevant experience.D. The company is looking for employees who have a sense of commitment, who possess relevant experience, and who demonstrate loyalty. If some action is immoral, then it follows from this alone that it ought also to be illegal. T or F In a situation where you expect to encounter airborne hazardous substances, but you don't need skinprotection, what level of full-body protection will you need? Limitations definition which of the following is a common characteristic of quality products and quality services? a. reliability b. validity c. serviceability d. durability The Denver advertising agency promoting the new Breem dish-washing detergent wants to get the best exposure possible for the product within the $100,000 advertising budget ceiling placed on it. To do so, the agency needs to decide how much of the budget to spend on each of its two most effective media: (1) television spots during the afternoon hours and (2) large ads in the city's Sunday newspaper. Each television spot costs $3,000; each Sunday newspaper ad costs $1,250. The expected exposure, based on industry ratings, is 35,000 viewers for each TV commercial and 20,000 readers for each newspaper advertisement. The agency director, Deborah Kellogg, knows from experience that it is important to use both media in order to reach the broadest spectrum of potential Breem customers. She decides that at least 5 but no more than 25 television spots should be ordered, and that at least 10 newspaper ads should be contracted. How many times should each of the two media be used to obtain maximum exposure while staying within the budget?a. What is the mix of the two media? TV [Select]Newspaper[Select]b. What is the maximum exposure [Select] potential customersc. What if Breem decided to reduce the budget by $10,000. What impact would it have on exposure?[Select]