Ronald Clump is the head of Clump Enterprises Corporation, a company with a compensation package of more than $500 million, including salary, bonuses, and stocks. One justification for Ronald's compensation package is the size and scope of his responsibilities as the CEO of such a large and successful corporation.
Ronald Clump's compensation package is justifiable for a number of reasons, including his role in the company's overall success and growth. As the CEO of Clump Enterprises, Ronald is responsible for overseeing all aspects of the company's operations, including strategic planning, financial management, and overall business development.
As the leader of such a large and complex organization, Ronald must make difficult decisions on a daily basis that have a significant impact on the company's bottom line. His compensation package reflects not only his experience and expertise in these areas, but also the significant risk he takes on as the head of such a large corporation.
Moreover, Ronald's compensation package is justified by the company's overall performance and profitability. Clump Enterprises is a highly successful company, and Ronald's leadership has been a key factor in this success. In recognition of this fact, the company's board of directors has determined that his compensation package is appropriate and necessary to retain his services and continue the company's growth and success.
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What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUA cashier distributes change using the maximum number of five-dollar bills, followed by one-dollar bills. Write a single statement that assigns num_ones with the number of distributed one-dollar bills given amount_to_change. Hint: use %.
The statement will be implemented using the modulo operator.
The function of the modulo operator (%) is to return the remainder of an integer division.
Take for instance:
This is so because, when 5 is divided by 3; the remainder is 2
So, the required programming statement is:
numberOfOnes = amtToChange % 5;
The above statement is the same for several programming languages such as Python, Java, C++, C#, C, etc.
What exactly do cashiers have to do?by scanning merchandise, itemizing, and adding up customers' purchases, a cashier registers sales. redresses client complaints and responds to inquiries. If necessary, buy bags. handles transactions involving returns.
Do cashiers have a difficult job?As a result of repetitive motions, mental exhaustion, and the fact that sometimes things aren't as clear-cut as they should be, working as a cashier may be challenging and exhausting. It also makes their job more difficult when certain types of customers enter the store. That type of clientele is well known to everyone.
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John buys a used car for $5,400 and spends $600 on new parts, made in the U.S., to fix the car. The end result of these two transactions isa. U.S. consumption purchases increase by $5,400 and U.S. GDP increases by $5,400.b. U.S. consumption purchases increase by $6,000 and U.S. GDP increases by $6,000.c. U.S. consumption purchases increase by $600 and U.S. GDP increases by $600.d. U.S. consumption purchases increase by $600 and U.S. GDP increases by $6,000.
Answer:
C
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.
Items not included in the calculation off GDP includes:
1. services not rendered to oneself
2. Activities not reported to the government
3. illegal activities
4. sale or purchase of used products
5. sale or purchase of intermediate products
_____ was withheld specifically for the tax that is used to pay for a healthcare program.
_____ was withheld for the payroll tax that specifically supports retired and disabled citizens.
_____ If this individual made more money, the amount withheld for Social Security would
Answer: First : 612.65$
second : 2567.45$
Third : Increase
Explanation: i did this by self its surity
Answer:
Answers
First Sentence: $612.65
Second Sentence: $2567.45
Third Sentence: Increase
Explanation:
Edgen 2020
Hars Plc will be constructing a building costing $100M and it uses IAS 23 alternative treatment of borrowed funds. They took a loan of $80M specifically for this construction. The remainder will be taken from the general pool of funds. Their debt structure is as follows:
NCB Loan at 12% $30 000 000
Construction Loan at 8% $60 000 000
BNS Loan at 6% $80 000 000
A. What is the total borrowing cost to be capitalised?
B. Calculate the interest expense which will be recognised in the Statement of Comprehensive Income at the end of the financial year.
A.the total borrowing cost to be capitalized is 7.76%. B The interest expense recognized in the Statement of Comprehensive Income at the end of the financial year is approximately $7,760,000.
A. To determine the total borrowing cost to be capitalized, we need to calculate the weighted average interest rate for the specific borrowing related to the construction of the building.
Given:
- NCB Loan: $30,000,000 at 12%
- Construction Loan: $60,000,000 at 8%
- BNS Loan: $80,000,000 at 6%
We can calculate the weighted average interest rate as follows:
Weighted Average Interest Rate = (Loan 1 Amount × Loan 1 Interest Rate + Loan 2 Amount × Loan 2 Interest Rate + Loan 3 Amount × Loan 3 Interest Rate) / Total Borrowing Amount
Weighted Average Interest Rate = ($30,000,000 × 12% + $60,000,000 × 8% + $80,000,000 × 6%) / ($30,000,000 + $60,000,000 + $80,000,000)
Weighted Average Interest Rate = ($3,600,000 + $4,800,000 + $4,800,000) / $170,000,000
Weighted Average Interest Rate = $13,200,000 / $170,000,000
Weighted Average Interest Rate ≈ 0.0776 or 7.76%
Therefore, the total borrowing cost to be capitalized is 7.76%.
B. To calculate the interest expense recognized in the Statement of Comprehensive Income at the end of the financial year, we multiply the total investment borrowing amount by the weighted average interest rate.
Interest Expense = Total Borrowing Amount × Weighted Average Interest Rate
Interest Expense = $100,000,000 × 0.0776
Interest Expense ≈ $7,760,000
Therefore, the interest expense recognized in the Statement of Comprehensive Income at the end of the financial year is approximately $7,760,000.
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A person can benefit from specialization and trade by obtaining a good at a price that is.
Answer:
lower than his or her opportunity cost of that good.
Explanation:
You are considering buying stock A. If the economy grows rapidly, you may earn 40 percent on the investment, while a declining economy could result in a 15 percent loss. Slow economic growth may generate a return of 3 percent. If the probability is 12 percent for rapid growth, 27 percent for a declining economy, and 61 percent for slow growth, what is the expected return on this investment? Round your answer to one decimal place.
Answer:
the expected return is 2.58%
Explanation:
The computation of the expected return is shown below:
= respective weights × respective returns
= 40% × 12% + -15% × 27% + 3% × 61%
= 0.048 - 0.0405 + 0.0183
= 0.0258
= 2.58%
hence, the expected return is 2.58%
michael's, inc., just paid $1.95 to its shareholders as the annual dividend. simultaneously, the company announced that future dividends will be increasing by 4.3 percent. if you require a rate of return of 8.5 percent, how much are you willing to pay today to purchase one share of the company's stock? group of answer choices $24.21 $48.43 $50.38 $23.93 $15.89
The amount you are willing to pay today to purchase one share of the company's stock is $48.43. Therefore, the correct option is option 2.
You want to know how much you are willing to pay today to purchase one share of Michael's, Inc. stock, given that it just paid a $1.95 annual dividend, future dividends will increase by 4.3 percent, and you require a rate of return of 8.5 percent.
To calculate this, we can use the Gordon Growth Model, also known as the Dividend Discount Model. The formula is:
Stock Price = D1 / (r - g)
where:
D1 = next year's expected dividend
r = required rate of return
g = growth rate of dividends
1. First, let's find D1:
D1 = Current Dividend * (1 + g) = $1.95 * (1 + 0.043) = $1.95 * 1.043 = $2.03385
2. Now, plug the values into the formula:
Stock Price = $2.03385 / (0.085 - 0.043) = $2.03385 / 0.042 = $48.425
From the provided group of answer choices, the closest value is $48.43. Therefore, you would be willing to pay $48.43 today to purchase one share of Michael's, Inc. stock, given the required rate of return and future dividend growth rate which corresponds to option 2.
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Different things are important to you at different stages in life. For example, for a high school student, having a car may be the number one priority. As you get older your priorities change. Believe it or not, at some point in your life, you are going to want to think about retirement!
In Unit 6, the insurance unit, you learned about managing the risk of and insuring for the different stages of life. Now, we are looking at how to fund (invest for) similar stages of life. Just like with insurance, different types of considerations need to be made at each stage of life when you are investing.
After the successful completion of this assignment, you will be able to say:
I can describe the importance of estate planning and funding requirements for different stages of life.
I can explain the regulation of investments to protect consumers and investors.
I can compare and contrast long term retirement investments.
You are allowed only two completed attempts for this lesson. This activity will count for 30% of your grade in this unit.
It is crucial to think about estate planning and funding requirements as we move through different periods of life, to be aware of investment rules, and to pick the best long-term retirement investment options.
What makes self-management crucial for students?Students who have good self-control may stick to their goals and finish homework, prepare for exams, and pay attention in class. Developing a new professional skill or accomplishing a goal are examples of learning- or life-related goals that adults must reach.
How crucial are communication skills for students?Strong communication abilities ensure that students will always participate more actively in class. This contact will make it easier to comprehend the things being taught. Graduation improvements and eventual academic achievement would follow from this.
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in corporations that shatter the glass cieling upper managers demonstrate
In corporations that shatter the glass ceiling, upper managers demonstrate a commitment to diversity and inclusion by promoting and empowering individuals from underrepresented groups to reach leadership positions.
This approach aims to break through barriers that have traditionally limited the advancement of marginalized individuals within the organization.
Shattering the glass ceiling refers to the practice of breaking down the invisible barriers and biases that prevent individuals, especially those from underrepresented groups, from advancing to top leadership positions within organizations. In corporations that actively work towards shattering the glass ceiling, upper managers play a crucial role in leading the way.
Upper managers demonstrate their commitment to diversity and inclusion by actively promoting individuals from underrepresented groups and creating opportunities for their advancement. They champion inclusive hiring and promotion practices, ensuring that a diverse range of candidates is considered for leadership positions. Additionally, they provide mentoring and development programs specifically tailored to support the growth and success of individuals from underrepresented backgrounds.
By actively supporting and empowering individuals from marginalized groups, upper managers create a culture that values diversity and inclusion. This fosters an environment where everyone has an equal opportunity to contribute, excel, and reach their full potential. Through their actions, upper managers set an example and inspire other employees, creating a ripple effect throughout the organization. Ultimately, shattering the glass ceiling requires a collective effort from all levels of management, but the commitment and actions of upper managers are particularly crucial in driving meaningful change.
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a. Monetary Policy involves changing Click to select) Click to select) In the United States, Monetary Policy is implemented by the b. (Click to select) can be used to address a Recessionary Gap; while (Click to select) can be used to address an Inflationary Gap. c. To enact Contractionary Monetary Policy, the central bank will Click to select a bonds. This vclick to select the amount of cash in the economy. This will cause bond prices to (Click to select and interest rates to click to selet) 3. The change in interest rates causes investment and consumption to Chick to select) shifting Click to select) 9 Click to select d. To enact Expansionary Monetary Policy, the central bank will rclick to select bonds. This Click to select the amount of cash in the economy. This will cause bond prices to Click to select) and interest rates to Click to select). The change in interest rates causes Investment and consumption to (Click to select) 0. shifting (Click to select) Click to select)
a. Monetary Policy involves changing interest rates and/or the money supply. b. In the United States, Monetary Policy is implemented by the Federal Reserve (Fed). c. To enact Contractionary Monetary Policy, the central bank will sell bonds. d. To enact Expansionary Monetary Policy, the central bank will buy bonds.
a. Monetary Policy involves changing interest rates and/or the money supply. By adjusting these variables, the central bank aims to influence economic activity, stabilize prices, and promote economic growth.
b. In the United States, Monetary Policy is implemented by the Federal Reserve (Fed). Open market operations can be used to address a Recessionary Gap by purchasing government bonds, injecting cash into the economy, and lowering interest rates. This stimulates borrowing and spending, thus increasing aggregate demand and helping to close the gap. Conversely, the Fed can raise interest rates to address an Inflationary Gap. Higher interest rates reduce borrowing and spending, dampening inflationary pressures and bringing the economy closer to equilibrium.
c. To enact Contractionary Monetary Policy, the central bank will sell bonds. This reduces the amount of cash in the economy, leading to a decrease in the money supply. As a result, bond prices will decrease and interest rates will rise. Higher interest rates discourage borrowing for investment and consumption purposes, which in turn reduces aggregate demand. This contractionary effect helps to address inflationary pressures and cool down the economy.
d. To enact Expansionary Monetary Policy, the central bank will buy bonds. This increases the amount of cash in the economy, expanding the money supply. As a result, bond prices will increase and interest rates will fall. Lower interest rates incentivize borrowing for investment and consumption, boosting aggregate demand. This expansionary effect helps to stimulate economic growth and address a recessionary gap.
In summary, Monetary Policy involves the manipulation of interest rates and the money supply by the central bank. By adjusting these variables, the central bank can influence borrowing costs, spending, and overall economic activity. Contractionary Monetary Policy involves selling bonds to reduce cash in the economy, while Expansionary Monetary Policy involves buying bonds to increase cash. These actions impact interest rates, which in turn affect investment and consumption, leading to shifts in aggregate demand and helping to address economic gaps.
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Suppose you invest $105 in a bank account, and five years later it has grown to $130.77.
a. What APR did you receive, if the interest was compounded semiannually?
b. What APR did you receive if the interest was compounded monthly?
a. The APR (annual percentage rate) compounded semiannually is 4.42% and b. The APR compounded monthly is 4.44%.
a. To find the APR when the interest is compounded semiannually, we will use the formula:
A = P(1 + r/n)^(nt)
where A is the final amount, P is the principal amount, r is the annual interest rate, n is the number of times interest is compounded per year, and t is the number of years.
Here, A = $130.77, P = $105, n = 2 (since it is compounded semiannually), and t = 5 years.
130.77 = 105(1 + r/2)^(2*5)
Now, we will solve for r:
(130.77/105) = (1 + r/2)^10
1.2459 = (1 + r/2)^10
Take the 10th root of both sides:
1.0221 = 1 + r/2
Subtract 1 from both sides:
0.0221 = r/2
Multiply both sides by 2:
r = 0.0442
Convert the rate to a percentage: 0.0442 * 100 = 4.42%
The APR compounded semiannually is 4.42%.
b. To find the APR when the interest is compounded monthly, we will use the same formula, but this time n = 12 (since it is compounded monthly).
130.77 = 105(1 + r/12)^(12*5)
Now, we will solve for r:
(130.77/105) = (1 + r/12)^60
1.2459 = (1 + r/12)^60
Take the 60th root of both sides:
1.0037 = 1 + r/12
Subtract 1 from both sides:
0.0037 = r/12
Multiply both sides by 12:
r = 0.0444
Convert the rate to a percentage: 0.0444 * 100 = 4.44%
The APR compounded monthly is 4.44%.
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Joanne runs a company that produces mattresses. Her fixed costs include electricity and labor. She recently increased the capacity of production, which increased these fixed costs. What has Joanne done to the production of her company?
Joanne has ____ the production.
Answer:
not sure but increased seems right
Explanation:
Because she increased the capacity of production which increased these fixed cost, then, she has decreased expected profit of the production.
What does increased Fixed cost do?In production, any increase in fixed cost will increase total cost and will impct on level of profit which will decrease.
In conclusion, as she increased the capacity of production which increased these fixed cost, then, she has decreased expected profit of the production.
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What can an understanding that tourism involves travel for purposes such as leisure, business, or other reasons and that hospitality involves receiving guests in a way that is welcoming and friendly help define?
The understanding of tourism which involves travel for purposes such as leisure, business, as well as hospitality can help us to understand the exploration of the world which help relaxation.
What is tourism?Tourism can be described as the process of social, cultural as well as economic phenomenon which involves the movement of people from one place to another which involves the exploration of the world around us.
It should be noted that the act do encourage leisure as well as business which can help to promote the desire of the people.
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Write a short summary on how Amazon grew so quickly, and how its relationship with its employees developed over time.
I’ll give Brainliest!
Answer:
AMAZON'S EXTRAORDINARY 25-YEAR EVOLUTION
Explanation:
that is the name of a website that will answer your question in great details but it wont let me post the link sorry
What are the key natural resources in southwest asia?
Natural gas and oil are two of Southwest Asia's most significant natural resources. Due to their necessity for a large portion of the global economy, these two resources generate riches for the area.
What is Southwest Asia's primary resource?Petroleum, a finite natural resource, is one of Southwest Asia's most significant resources. Southwest Asia is the largest exporter of oil and is home to more than half of the world's oil reserves. Southwest Asian nations have little to no oil, in some cases.In this context, natural resources include tin, oil, bauxite, coal, iron ore, rubber, rice, tapioca, sugar, copra, beef, and fish. The chapter provides a broader context. Raw materials and natural resources are traditionally produced and exported from Southeast Asia.Oil is currently Southwest Asia's most significant economic resource. Saudi Arabia, Iran, and Kuwait are among the biggest producers of natural gas and oil in the world, along with other nations in the region.To learn more about Southwest Asia, refer to:
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an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
________ policies refer to government programs designed to exploit natural comparative advantage by increasing production of a few export goods most closely related to a country's resource base.
Answer:
Primary-export-led development
Explanation:
Primary-export-led development policies refer to government programs designed to exploit natural comparative advantage by increasing production of a few export goods most closely related to a country's resource base.
Niat ny mau bikin dua akun tapi malah kesasar :(
Answer:
I'm lost and I don't understand your language
irene’s dairy is deciding whether or not to enter the market for ice cream, currently monopolized by mattie’s ice-cream. if it enters the market, mattie’s can either accommodate him and share his 10million in profits equally with irene or fight him and cause a 5million loss for each in a price war. if mattie’s threatens to always fight, what would irene’s best response be?
if mattie’s threatens to always fight, irene’s best response will be " Threaten to always fight"
Either $10 million in gains or a $5 million loss must be chosen by Mattie. Mattie will likely choose $10 million in profits.
Irene must decide between making $10 million in profits or making no earnings given what Mattie would do. Additionally, Irene will choose $10 million in earnings.
A sequential game, as defined in game theory, is one in which one player moves before the other. They don't move simultaneously. When deciding on their move, the second player must also be aware of the first player's action. If not, it would be the same as if they both went at the same speed.
The question is incomplete, the complete question is :
Irene's Dairy is deciding whether or not to enter the market for ice cream, currently monopolized by Mattie's Ice Cream. If it enters the market, Mattie's can either accommodate him and share his 10 million in profits equally with Irene or fight him and cause a 5 million loss for each in a price war.
If Mattie wants to discourage Irene from entering the market, what strategy should she follow?
a. Threaten to always accommodate
b. Always accommodate
c. Threaten to always fight
d. All of the above
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Which is an example of an accounting function for a business?
1.) Designing print advertisements
2.) Preparing a balance sheet
3.) Hiring employees
4.) Testing computer software
The coordinate of the vertice of a polygon are the point 1 comma 2, the point 1 comma negative 1, the point negative 6 comma negative 1, and the point negative 6 comma 2.
What i the perimeter of the polygon?
The line that connects the first two is split in the ratio l:k, and the line that runs from the division point to the opposing angular point is divided in the ratio m:k+l.
What is the coordinate of vertices?The coordinates with one point in the coordinate system are included in an ordered pair. An set of points of the form of a point's name is (x, y). Its first integer stands for the x-coordinate, and the next for the y-coordinate.
The coordinates of a position are a set of integers that exactly identify its location on a the double plane. The coordinates of a given point indicate where on each axis it is located.
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A plumber who quits his job in Indianapolis and moves to Orlando where additional plumbers are needed is said to be ___________________ unemployed
Answer:
Frictionally unemployed
Explanation:
Frictional unemployment refers to a type of unemployment that occurs when people are in the process of moving from one job to another job.
Frictional unemployment is also known as search unemployment because it has to do with the time that is spent between jobs when a person is searching for a job, moving from one location to another in search of a job, or transferring from one job to another job.
Based on the explanation above, a plumber who quits his job in Indianapolis and moves to Orlando where additional plumbers are needed is said to be frictionally unemployed. The reason is that the plumber is moving from one job in Indianapolis to another job in Orlando.
a country has net capital outflow of -10 billion euros and domestic investment of 20 billion euros. what is its national saving? group of answer choices 30 billion euros 10 billion euros -30 billion euros -10 billion euros
Its national savings total ten billion euros. No domestic or foreign agent or person has been appointed by National Savings to obtain investments in their own capacity, name, or accounts.
How frequently are a nation's net exports positive?A nation's net exports are positive for one year. The next year, with greater but still positive net exports, the trade surplus increased. Consider a scenario in which a nation imports products and services worth $75 million and exports goods and services worth $100 million.
What percentage of Americans save money?Since household savings can be used as a source of borrowing for governments to fund public works and infrastructure needs, the rate is a good predictor of a country's financial stability and investment activity. The national income and product accounts are used as the first component in determining the national savings rate.
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An investment in a warehouse will cost $1 million now and will provide $300,000 per year in increased profits for four years. What might make this investment seem less advantageous to a finance professional?
There are several factors that could make this investment in a warehouse seem less advantageous to a finance professional.
One consideration is the payback period, which is the time it takes to recoup the initial investment. In this case, the payback period is approximately 3.33 years ($1 million initial investment / $300,000 annual profits). A finance professional may find this payback period too long and prefer investments with shorter payback periods.
Another factor to consider is the opportunity cost. By investing $1 million in a warehouse, the finance professional may be forgoing other potentially more profitable investment opportunities. They may analyze the potential returns of other investments and find that the $300,000 per year in increased profits from the warehouse investment does not justify tying up such a large amount of capital.
Additionally, the finance professional may consider the risk associated with the investment. They may assess the stability and future prospects of the warehouse industry, as well as any potential risks that could impact the profitability of the investment. If they perceive a high level of risk or uncertainty, they may view the investment as less advantageous.
Overall, the finance professional may find the investment in a warehouse less advantageous due to the longer payback period, the opportunity cost of other investments, and the perceived risk associated with the investment.
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becton labs, incorporated, produces various chemical compounds for industrial use. one compound, called fludex, is prepared using an elaborate distilling process. the company has developed standard costs for one unit of fludex, as follows: standard quantity or hours standard price or rate standard cost direct materials 2.5 ounces $ 20.00 per ounce $ 50.00 direct labor 1.4 hours $ 22.50 per hour 31.50 variable manufacturing overhead 1.4 hours $ 3.50 per hour 4.90 total standard cost per unit $ 86.40 during november, the following activity was recorded related to the production of fludex: materials purchased, 12,000 ounces at a cost of $225,000. there was no beginning inventory of materials; however, at the end of the month, 2,500 ounces of material remained in ending inventory. the company employs 35 lab technicians to work on the production of fludex. during november, they each worked an average of 160 hours at an average pay rate of $22 per hour. variable manufacturing overhead is assigned to fludex on the basis of direct labor-hours. variable manufacturing overhead costs during november totaled $18,200. during november, the company produced 3,750 units of fludex. required: 1. for direct materials: a. compute the price and quantity variances. b. the materials were purchased from a new supplier who is anxious to enter into a long-term purchase contract. would you recommend that the company sign the contract? 2. for direct labor: a. compute the rate and efficiency variances. b. in the past, the 35 technicians employed in the production of fludex consisted of 20 senior technicians and 15 assistants. during november, the company experimented with fewer senior technicians and more assistants in order to reduce labor costs. would you recommend that the new labor mix be continued? 3. compute the variable overhead rate and efficiency variances.
Where the above conditions are given,
1. For direct materials -
a. Price variance - -$15,000 (favorable)
b. Quantity variance - -$52,500 (unfavorable)
2. For direct labor -
a. Rate variance - -$2,800 (favorable)
b. Efficiency variance - -$7,875 (unfavorable)
3. For variable overhead -
a. Rate variance - -$1,400 (favorable)
b. Efficiency variance - -$1,225 (unfavorable)
How is this so?1. For direct materials -
a. To compute the price variance -
Actual quantity purchased = 12,000 ounces
Actual price = $225,000 / 12,000 ounces = $18.75 per ounce
Standard price = $20.00 per ounce
Price variance = (Actual quantity purchased × (Actual price - Standard price))
= (12,000 ounces × ($18.75 - $20.00))
= 12,000 ounces × -$1.25
= -$15,000 (favorable)
To compute the quantity variance -
Standard quantity allowed for production = (3,750 units × 2.5 ounces per unit)
= 9,375 ounces
Actual quantity used = 12,000 ounces
Quantity variance = (Standard quantity allowed - Actual quantity used) × Standard price
= (9,375 ounces - 12,000 ounces) × $20.00 per ounce
= -2,625 ounces × $20.00
= -$52,500 (unfavorable)
2. For direct labor -
a. To compute the rate variance -
Actual hours worked = 35 technicians × 160 hours = 5,600 hours
Actual rate = $22.00 per hour
Standard rate = $22.50 per hour
Rate variance = (Actual hours worked × (Actual rate - Standard rate))
= (5,600 hours × ($22.00 - $22.50))
= 5,600 hours × -$0.50
= -$2,800 (favorable)
To compute the efficiency variance -
Standard hours allowed for production = (3,750 units × 1.4 hours per unit)
= 5,250 hours
Actual hours worked = 5,600 hours
Efficiency variance = (Standard hours allowed - Actual hours worked) × Standard rate
= (5,250 hours - 5,600 hours) × $22.50 per hour
= -350 hours × $22.50
= -$7,875 (unfavorable)
3. For variable overhead -
To compute the rate variance -
Actual hours worked = 35 technicians × 160 hours = 5,600 hours
Actual variable overhead costs = $18,200
Variable overhead rate variance = (Actual hours worked × (Actual rate - Standard rate))
= (5,600 hours × ($18,200 / 5,600 hours - $3.50 per hour))
= (5,600 hours × ($3.25 - $3.50))
= 5,600 hours × -$0.25
= -$1,400 (favorable)
To compute the efficiency variance -
Standard hours allowed for production = (3,750 units × 1.4 hours per unit)
= 5,250 hours
Actual hours worked = 5,600 hours
Variable overhead efficiency variance = (Standard hours allowed - Actual hours worked) × Standard rate
= (5,250 hours - 5,600 hours) × $3.50 per hour
= -350 hours × $3.50
= -$1,225 (unfavorable)
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Based on the information provided in the video, which philosophy best describes Donald Trump's perspective on trade between nations? Multiple Choice: a.Under Trump, the United States is moving toward unrestricted free trade. b.Trump supports Adam Smith's theory absolute advantage. c.Trump agrees with David Ricardo's theory of comparative advantage. d.U.S. trade policy under Trump is pro free trade. e.Trump has a mercantilist philosophy toward trade.
Answer:
What Video?
Explanation:
Currently, you can exchange $1 for SF 1.14. Assume that the average inflation rate in the U.S. over the next two years will be 2.5 percent annually as compared to 3 percent in Switzerland. Based on this information and relative purchasing power parity, which one of the following assumptions can you make regarding the next two years?
A. The Swiss franc will appreciate against all currencies.
B. The Swiss franc will appreciate against the U.S. dollar.
C. The U.S. dollar will appreciate against all currencies.
D. The U.S. dollar will appreciate against the Swiss franc.
E. Both the U.S. dollar and the Swiss franc will appreciate against all other currencies.
In the next two years, the U.S. dollar will appreciate against the Swiss franc.
Exchange rate is the rate at which one currency is exchanged for another currency. In this equation $1 would be exchanged for SF1.14.
Purchasing power parity theory states that the same basket of books would cost the same when the exchange rate between the countries have been adjusted for. If the inflation rate of one country is expected to increase more than that of the other country, the country with the higher inflation rate, will experience a depreciation of its currency.
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Beginning Accounts Receivable: $50,000
Ending Accounts Receivable: $30,000
Sales revenue from customers: $600,000
Assume all sales were credit sales and there are no write-offs of bad debts. Using 'first principles', the amount of cash received from customers would be the following.
The cash received from customers can be calculated by subtracting the decrease in accounts receivable from the sales revenue. In this case, the cash received from customers would be $580,000.
First, we need to calculate the change in accounts receivable. Accounts receivable decreased from $50,000 to $30,000, which means that $20,000 less was owed to the company at the end of the period than at the beginning of the period. This implies that $20,000 of credit sales was collected in cash during the period.
To calculate the total cash received from customers, we need to subtract the decrease in accounts receivable from the sales revenue. In this case, the sales revenue from customers was $600,000 and the decrease in accounts receivable was $20,000. Therefore, the cash received from customers would be $580,000.
It's important to note that this calculation assumes that there were no write-offs of bad debts during the period. If there were any write-offs, they would need to be taken into account when calculating the cash received from customers.
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Param and Aryan are two friends. Both of them are doing different business. Param’s business is facing the challenge of continuous change in needs and wants of consumers, change in prices and he is also very upset because of tough competition. On the other hand, a great hurdle is there in Aryan’s business because of the dishonesty of employees, strikes and lockouts. Identify and explain the causes of business risk the two friends are suffering from
Param faces business risks from changing consumer needs, fluctuating prices, and intense competition, while Aryan faces risks from employee dishonesty and labor disputes like strikes and lockouts.
Param is facing the challenges of changing consumer needs and wants, fluctuating prices, and intense competition. These causes of business risk can be categorized as follows:
Changing consumer needs and wants: Consumer preferences and demands evolve over time, which can pose a risk for Param's business. If Param's products or services fail to adapt to changing consumer needs, there is a possibility of losing customers and market share.
Fluctuating prices: Prices of inputs, raw materials, or finished goods can be volatile due to factors like inflation, currency fluctuations, or supply and demand imbalances. Fluctuating prices can impact Param's profitability, especially if the business is unable to adjust its pricing strategies accordingly.
Intense competition: High competition in the market means that Param's business needs to continuously strive to differentiate itself from competitors. This can involve investing in marketing efforts, product innovation, and maintaining competitive pricing. Failure to effectively compete in a crowded marketplace can lead to reduced sales and profitability.
On the other hand, Aryan is facing business risks due to the following causes:
Employee dishonesty: Aryan's business is affected by dishonesty among employees, which can include theft, fraud, or embezzlement. Such actions not only result in financial losses but also erode trust within the organization.
Strikes and lockouts: Labor disputes such as strikes or lockouts can disrupt Aryan's business operations, leading to delays in production, reduced productivity, and potential revenue losses. These events may arise due to disagreements between management and employees regarding working conditions, wages, or other labor-related issues.
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