Answer:
B. $2,228,000 underapplied
Explanation:
Calculation for the what the overhead
First step is to calculate the Predetermined Overhead rate
Using this formula
Predetermined Overhead rate
= Budgeted Overhead Expense ÷ Budgeted Machine Hours
Let plug in the formula
Predetermined Overhead rate
= $11,506,000 ÷ 165,000
Predetermined Overhead rate= 70 per machine hour
Second step is to calculate the Allocated MOH using this formula
Allocated MOH = Actual machine hours × Predetermined Overhead rate
Let plug in the formula
Overhead applied= 81,000 hours × 70 per machine hour
Overhead applied= $5,670,000
Now let calculate Overhead Underapplied using this formula
Overhead Underapplied= Actual overhead - Allocated MOH
Let plug in the formula
Overhead Underapplied= $7,898,000 - $5,652,180
Overhead Underapplied= $2,228,000
Therefore the Overhead is $2,228,000 underapplied
In order for the economy to be strong, individuals must a. produce goods and pay workers b. provide labor and pay workers c. produce goods and buy goods d. provide labor and buy goods. PLEASE HURRY
d. Provide labor and buy goods
EconomyAn economy is a domain that includes the production, distribution, and trading of products and services, as well as the consumption of those goods and services by various agents. It is defined broadly as "a social domain emphasizing the activities, discourses, and material expressions linked with the creation, use, and management of finite resources."Individuals must d. provide labor and purchase things in order for the economy to be robust.For more information:
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Answer: D
Explanation: E2020
The 30-years, 5.5 percent bonds issued by Modern Kitchens pay interest semiannually, mature in four years, and have a $1000 face value. Currently, the bonds sell for $1 020.66. What is the yield to maturity?
4.92% is the yield to maturity. Thus, option A is correct.
What are bonds?Debt protection is called a bond. Bonds are issued by creditors to attract investors with capital ready to extend a loan to them during a specified specific time period
The given information will be:
face value of bond = $1000
The bond's selling price = $1 020.66
The formula for Yield to maturity will be:
Yield to maturity= (annual coupon payment+(face value-market value)/years to maturity)/(face value+ market value)/2)
= (55+(1000-1020.66)/4) / (2020.66/2)
= (49.835/1010.33)
= 4.92%.
Therefore, option A is the correct option.
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The question is incomplete, the complete question will be:
Multiple Choice
4.92%
2.68%
5.39%
4.41%
2.46%
Compare and contrast the four market structures: monopoly, perfect competition, monopolistic competition, and oligopoly.
The following characteristics explain why the categories are different: In oligopoly, there are few producers, many in perfect and monopolistic competition, and one in monopoly.
Comparison between 4 types of competition in a free market system?In a free market economy, there are four different types of competition: perfect competition, monopolistic competition, oligopoly, and monopoly.
In Monopoly a state of the market where one firm has complete control over output and prices. In Perfect competition exists when all businesses sell the same goods, as in the market share has no bearing on prices, businesses can enter or quit the market without any obstacles and Monopolistic competition industry has minimal entry requirements, and decisions made by any one firm do not immediately affect those of its rivals. Though the Oligopoly markets where a few suppliers have a monopoly. They are present in every nation and a wide variety of industries. While some oligopoly markets are much more competitive than others, others can at least appear to be so.
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What are some strategies that you can use to prepare to file taxes each year? What would be
the benefits of these strategies?
To pursuer a career in business information management you need a degree or certification in
Answer:
business administration or business information management
Explanation:
_____ is the character and personality of your organization.
[A] Social media
[B] Culture
[C] Career
[D] Atmosphere
Answer:
B - Culture
Explanation:
An organization's culture defines the proper way to behave within the organization. This culture consists of shared beliefs and values established by leaders and then communicated and reinforced through various methods, ultimately shaping employee perceptions, behaviors and understanding.
Which of these is not an example of good practice when differentiating phonological awareness instruction?
a.
Increasing the intensity of instruction by teaching in smaller group sizes.
b.
Expecting all children to be able to produce rhyming words at the same time of the year.
c.
Increasing the intensity of instruction by giving individual children more opportunities to respond.
d.
Supporting children's understanding of an activity by using visual supports.
The option that is not an example of good practice when differentiating phonological awareness instruction is (b) Expecting all children to be able to produce rhyming words at the same time of the year.
What is good practice?Recognizing that children learn at various speeds and have varied degrees of preparedness is a key component of good practice in differentiating phonological awareness training. It is unrealistic to anticipate that all kids will develop at the same rate.
Each child's unique requirements and talents are taken into account while differentiating instruction. Therefore, it is inconsistent with the ideas of differentiation to expect all kids to be able to come up with rhymes at the same time of the year.
Therefore the correct option is b.
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This incentive contract is based on a target price of $260,000 withexpected costs of $240,000 and target incentive of $5,000.Thecontract specifies a share ratio of 80/20. If the actual cost is $249,000, what is the seller's final fee?A.$5,000,B.$13,800,C.$11,000,D.$7,200
The seller's final fee is $7,200. which is option D. based on the incentive contract.
The seller's final fee can be calculated by subtracting the target cost from the actual cost and multiplying it by the share ratio.
First, let's calculate the difference between the actual cost and the target cost:
Actual cost - Target cost = $249,000 - $240,000 = $9,000
Next, we multiply the difference by the share ratio:
$9,000 * (80/100) = $7,200
Therefore, the seller's final fee is $7,200.
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How does the format of a memo differ from that of an e-mail? please answer asap
(high school not collage)
Memos use an indirect opening instead of a direct opening.
Memos omit a closing signature.
Memos include a subject
Answer: Memos omit a closing signature.
(I took the test and this was the answer)
What amenities are included in a Coli Spaces co-living apartment?
Coli Spaces co-living apartments include amenities such as fully furnished rooms, shared living areas, high-speed internet, cleaning services, on-site laundry, utilities, security measures, and community events.
Coli Spaces co-living apartments offer a range of amenities to ensure a comfortable and convenient living experience. Some of the amenities included in a Coli Spaces co-living apartment are:
1. Fully Furnished Rooms: Each apartment is equipped with high-quality furniture, including beds, desks, chairs, and storage units, providing a ready-to-move-in experience.
2. Shared Living Areas: Residents have access to spacious and well-designed common areas such as living rooms, dining areas, and kitchen facilities. These spaces are thoughtfully furnished and encourage social interaction among residents.
3. High-Speed Internet: Coli Spaces provides fast and reliable internet connectivity, allowing residents to stay connected and work or study from home without any disruptions.
4. Cleaning Services: Regular cleaning services are provided to ensure that the common areas and shared facilities are well-maintained and hygienic.
5. On-site Laundry: Co-living apartments at Coli Spaces are equipped with laundry facilities, making it convenient for residents to do their laundry without leaving the building.
6. Utilities: Basic utilities such as electricity, water, and gas are included in the rent, simplifying the payment process for residents.
7. Security: Coli Spaces prioritizes the safety of its residents, and therefore, co-living apartments are equipped with security measures such as CCTV cameras, secure access systems, and on-site staff.
8. Community Events: Coli Spaces organizes community events and activities to foster a sense of belonging among residents, providing opportunities to socialize and network.
By providing these amenities, Coli Spaces aims to create a comfortable and inclusive co-living environment that meets the needs of modern urban dwellers.
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operating assets include blank______. multiple select question. equipment accounts receivable land held for investment inventory investments in bonds
Operating assets include: equipment, accounts receivable, inventory .
What is operating assets?Operating assets can be defined as those assets that add value to a company which implies that they are the assets that companies make use in the course of their day to day business operation.
This assets are what a company make use of to generate revenue or to make profit. Some of the operating assets are:
Fixed assetsAccount receivableInventory Equipment etc.Therefore the correct option is A, B,D.
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What basic business principle does the author of your reading material state that automakers ignored in recent years, leading to the need for an industry bailout?
A sustainable financial model that is adaptable to changing market conditions is what was ignored
The principle that was ignoredThe core concept that industry titans overlooked, eventually necessitating a bailout, was constructing and sustaining a pliable monetary ploy attuned to shifting market conditions.
Prior to the aid package, auto-manufacturers homed in on sales of high fuel-consumption SUVs and trucks which were appealing due to inexpensive gas costs combined with easily accessible credit.
The dismayingly tardy adaptation to changing patron likes for more fuel-thrifty and environment friendly motorsides - along with mounting rivalry from overseas powerhouses - drove automakers into a perilous condition, where they ultimately felt the blow of 2008’s global fiscal crunch, harshly diminshing productivity as well as profits.
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Which is the MOST LIKELY reason your auto insurance policy will be cancelled?
O You failed to pay your monthly premiums for the past 3 months.
O You have less than a 2.5 grade point average.
O You bought a really fast sports car.
O You receive your first ticket for making an illegal U-Turn.
Question 17
The most likely reason your auto insurance policy will be canceled if you failed to pay your monthly premiums for the past 3 months. The correct option is A.
The cancellation of an insurance policy is frequently caused by failure to pay premiums. In order to continue coverage, insurance companies require regular premium payments. If a policyholder frequently defaults on premium payments, the insurer may decide to cancel the policy.
For any reason, policyholders are free to revoke their motor insurance coverage at any moment. Furthermore, you are never required to terminate your policy once it has been in effect for its whole term.
Thus, the ideal selection is option A.
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Which one of the following taxes are NOT a mandatory, or
required deduction from your paycheck?
Federal Income Tax
O Retirement Savings
O State Income Tax
O FICA
State Income Tax can be deducted from paycheck.
State Income Tax are NOT a mandatory, or required deduction from your paycheck. Thus, its C.
What is State Income Tax?The majority of U.S. states also levy a state income tax in addition to the federal income tax that the nation as a whole collects. Several municipal governments also charge an income tax, frequently based on calculations made for the state income tax.
Individuals are subject to income taxes in 42 states and several localities in the US. A ninth state, New Hampshire, levies an income tax on individuals on dividend and investment income but not on other types of income.
Eight states have no state income tax. The income of companies is taxed by 47 states and numerous cities.
A fixed or graduated rate of state income tax is levied on the taxable income of individuals, businesses, and certain charities and trusts. Both the state and entity type tax rates are different.
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What is the meaning of ledger ?
Answer:
noun
1.
a book or other collection of financial accounts of a particular type.
"the total balance of the purchases ledger"
Similar:
book
account book
record book
register
registry
log
records
archives
books
balance sheet
financial statement
2.
a flat stone slab covering a grave.
Explanation:
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Answer:
a book or other collection of financial accounts of a particular type.
Explanation:
i looked up the definition
Reese opened his business in February. Due to circumstances beyond his control, it closed in August. What month of this short tax year will serve as the midpoint for purposes of calculating depreciation using the half-year convention?
Reese opened his business in February. Due to circumstances beyond his control, it closed in August. The month of this short tax year that will serve as the midpoint for purposes of calculating depreciation using the half-year convention is: July. (Option D)
What is tax year?For a short tax year, the month of July will be used for depreciation using the midpoint technique. This is because when an asset is acquired throughout the year and used after the second half, July 1 is used to calculate depreciation using the half-year approach. As a result, option d, July, is the right answer.
A fiscal year is used in government accounting, which differs by country, as well as budgeting. Businesses and other organizations also utilize it for financial reporting.
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Full Question:
Jackson opened his business in February. Due to circumstances beyond his control, it closed in August. What month of this short tax year will serve as the midpoint for purposes of calculating depreciation using the half-year convention?
A) April
B) May
C) June
D) July
Jess wants to work as a public relations Specialist what academic requirements should he complete (A) bachelors degree (B) on the job training a (C) a technical program (D) a doctorate degree (E) hi school
Answer:
A
Explanation:
Answer:
"A 4-year bachelor's degree in a PR-related area like journalism, marketing or communications is frequently required for entry-level positions."-Google
So the answer should be A.
Shantel has a checking account balance of $318.59. She wrote a check to United farmers Market for $52.17. What is Shantel's new checking account balance?
Answer:
$266.42
Explanation:
$318.59-$52.17=$266.42
Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.40 per card, and the cost of printing is $0.10 per card. The company receives $3.75 per card sold. Since the cards have the current year printed on them, unsold cards have no salvage value. Their customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with mean 2,300 and standard deviation 200. (Assume these four are independent.)
What is the optimal production quantity for the card?
Answer:
≈ 9644 quantity of card
Explanation:
given data:
n = 4 regions/areas
mean demand = 2300
standard deviation = 200
cost of card (c) = $0.5
selling price (p) = $3.75
salvage value of card ( v ) = $ 0
The optimal production quantity for the card can be calculated using this formula below
= u + z (0.8667 ) * б
= 9200 + 1.110926 * 400
≈ 9644 quantity of card
First we have to find u
u = n * mean demand
= 4 * 2300 = 9200
next we find the value of Z
Z = ( \(\frac{p-c}{p-v}\) )
= ( 3.75 - 0.5 ) / 3.75 = 0.8667
Z( 0.8667 ) = 1.110926 ( using excel formula : NORMSINV (0.8667 )
next we find б
б = 200\(\sqrt{n}\) = 400
Which of the following is true regarding the value of an option? A) Unlike the Black-Scholes formula, the Put-Call Parity suggests that the volatility of underlying asset is not a factor that affects the value of an option. B) The option premium is greater or equal to its intrinsic value because of the time premium. C) The call and put premiums are unrelated since they depend on different set of variables. D) The writer of the call option pays the same premium as the buyer of the put option. E) When the call option is out-of-the-money and the put option is in-the-money, the call must be more valuable than the put.
Answer: B) The option premium is greater or equal to its intrinsic value because of the time premium.
Explanation:
The option premium can be calculated by adding the time premium and the intrinsic value. The time premium is the part of the option premium that accounts for the time remaining till the premium matures while the intrinsic value is the difference between the value of underlying asset and the strike price.
As the time premium can be zero but never negative, the option premium can either be greater than its intrinsic value or equal to it. It cannot be lower than it because of the time premium.
A student took the state examination at the testing center and failed. She wants to review the test and see what answers she provided. She knows that she can review the exam within two years of the date of the examination, and she makes an appointment to do so. Will she be able to review the entire exam?
Yes. Because she is attempting the test inside the legally permitted two-year window, she will have time to revisit the entire thing.
What is a test?A test can be defined as the procedure in which various people are asked questions about various topics.
As a student took the test, it was constituted that the person have filled the test, but she still wanted to review the test to see what all were the mistake, she can access it as there is a Window for 2 years.
the people can see all where the mistake that they have made and can treat you accordingly, but after 2 years the test won't be available according to the policy.
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When an investor is not interested in owning their own business, why do they need to understand entrepreneurship?
Understanding entrepreneurship is important for investors, as it helps them evaluate investment opportunities and make informed decisions.
Why an Investor Need to Understand Entrepreneurship?Even if an investor is not interested in owning their own business, understanding entrepreneurship is still essential. It allows investors to assess the potential of entrepreneurial ventures they may invest in, evaluate the skills and capabilities of entrepreneurs, and make informed investment decisions.
Understanding entrepreneurship helps investors navigate the business landscape, identify innovative and profitable opportunities, and comprehend the risks and challenges associated with entrepreneurial ventures, thereby maximizing their chances of making successful investments.
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Imagine that you are getting your first job in cosmetology. Which pay structure would you prefer and why? Once you have explained your choice, think of three questions that you could ask in a job interview for the situation you have chosen.
If I were getting my first job in cosmetology, I would prefer a salary structure over an hourly wage or commissioned pay.
A salary provides stability and predictability in my income which would be preferable as a new professional still learning the ropes. I would know exactly what I would earn each month to cover my expenses without worrying about fluctuations in hours worked or services provided. It would also allow me to focus on providing the best experience and care for clients without constant calculations of payments or commissions in the back of my mind.
Three questions I might ask in an interview for a salaried cosmetology position could be:
1. What is the potential for career growth in this role and at this salon? I want to build a long-term career as a cosmetologist.
2. What continuing education or training is provided for stylists? As new techniques and services develop, I want to ensure I have opportunities to learn and improve my skills.
3. What is the salon's philosophy on work-life balance? While I am passionate about this work, I also want to ensure reasonable hours and time off to avoid burnout. Work-life balance is important for sustaining a career.
Does this explanation and set of sample questions seem reasonable? I can provide any clarification or additional suggestions if needed.
the definition of revenues is: revenues (increase/decrease) (liabilities/equity) and are earned from the sale of products and services.
The definition of revenues is: revenues increase equity and are earned from the sale of products and services.
Revenues are the amount of money that a company earns from its business activities, such as the sale of products or services. When a company earns revenues, it increases its equity, which is a measure of the company's net assets or the value of the company's assets minus its liabilities. This is because revenues represent an inflow of economic resources that increase the company's assets, and the company's equity represents the residual interest in the assets of the company.
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Aunt Sally’s “New Orleans Most Famous Pralines” sells pralines costing $1.06 each to make. If Aunt Sally’s wants a 35% markup based on selling price and produces 45 pralines with an anticipated 20% spoilage, what should each praline be sold for? (Round your answer to the nearest cent.)
Selling price $
Each praline should be sold for $1.95.
Here's how you can calculate it:
- The cost to make each praline is $1.06.
- The markup based on selling price is 35%, which means the selling price is 135% of the cost.
- Let x be the selling price per praline.
- We can use the formula: Selling price = Cost / (1 - Markup) to find the selling price.
- Substituting the values, we get: x = 1.06 / (1 - 0.35) = 1.63.
- However, we need to take into account the anticipated 20% spoilage, which means we need to sell more pralines to make up for the ones that are spoiled.
- The total number of pralines needed is: 45 / (1 - 0.20) = 56.25, which we can round up to 57.
- Therefore, the selling price per praline should be: $1.63 * 1.35 = $2.20.
- Rounding this to the nearest cent, we get: $2.20 rounded to the nearest cent is $2.19, which is not correct since it is less than the cost of making each praline.
- We need to adjust the selling price to ensure that we make a profit. We can increase the selling price by $0.01 until we reach a price that is greater than the cost of making each praline.
- Increasing the selling price by $0.01, we get: $2.21, which is still less than the cost of making each praline.
- Increasing the selling price by $0.01 again, we get: $2.22, which is greater than the cost of making each praline.
- Therefore, each praline should be sold for $2.22 rounded to the nearest cent, which is $2.21.
In which phase of the records life cycle
are
indexing and coding most important?
Answer:
H
Explanation:
Lease or Sell Casper Company owns a equipment with a cost of $366,000 and accumulated depreciation of $53,200 that can be sold for $273,400, less a 3% sales commission. Alternatively, Casper Company can lease the equipment to another company for three years for a total of $285,200, at the end of which there is no residual value. In addition, the repair, insurance, and property tax expense that would be incurred by Casper Company on the equipment would total $15,100 over the three years.
Prepare a differential analysis on March 23 as to whether Casper Company should lease (Alternative 1) or sell (Alternative 2) the equipment.
Answer:
The Company should Lease the equipment (Alternative 1)
Explanation:
Preparation of a differential analysis on March 23 as to whether Casper Company should lease or sell the equipment.
DIFFERENTIAL ANALYSIS
Lease Equipment (Alternative 1); Sell Equipment (Alternative 2) Differential Effect on Income (Alternative 2)
Revenues $285,200 $273,400 –$11,800
Costs –$15,100 –$8,202 $6,898
($273,400*3%=$8,202)
Income (Loss) $270,100 $265,198 $4,902
Therefore Based on the above Differential Analysis the Company should LEASE the equipment (Alternative 1).
Which of the following is good for our economy?
о Recession
о Deflation
O Depression
о Stable prices
Answer:
Stable prices
Explanation:
Stable prices created a structured economy without residents having to constantly adapt to deflation, inflation etc.
The cash account for Norwegian Medical Co. at April 30 indicated a balance of $403,784. The bank statement indicated a balance of $468,460 on April 30. Comparing the bank statement and the accompanying canceled checks and memos with the records revealed the following reconciling items:
A. Checks outstanding totaled $73,870.
B. A deposit of $51,230, representing receipts of April 30, had been made too late to appear on the bank statement.
C. The bank collected $50,630 on a $48,220 note, including interest of $2,410.
D. A check for $9,160 returned with the statement had been incorrectly recorded by Norwegian Medical Co. as $916. The check was for the payment of an obligation to Universal Supply Co. for a purchase on account.
E. A check drawn for $680 had been erroneously charged by the bank as $860.
F. Bank service charges for April amounted to $170.
Required:
1. Prepare a bank reconciliation. Be sure to complete the statement heading.
2. Journalize the necessary entries. The accounts have not been closed.
DATE DESCRIPTION POST. DEBIT CREDIT ASSETS LIABILITIES EQUITY
1 Apr. 30 Cash 0,630.00
2 Interest Revenue 2,410.00
3 Apr. 30 Accounts Payable-
Universal Supply Co.8,244.00
4 Cash 8,244.00
5 Apr. 30 Miscellaneous
Expense 170.00
6 Cash 170.00 1
3. If a balance sheet is prepared for Norwegian Medical Co. on April 30, what amount should be reported as cash?
Answer:
Explanation:
cash account balance $403,784
note collected by bank $50,630
Error in check ($8,244)
Bank service fees ($170)
reconciled cash account $446,000
bank account balance $468,460
outstanding checks ($73,870)
deposit in transit $51,230
error in charging check $180
reconciled bank account $446,000
Dr Cash 50,630
Cr Notes receivable 48,220
Cr Intertest revenue 2,410
Dr Accounts payable 8,244
Cr Cash 8,244
Dr Bank fees expense 170
Cr Cash 170
Cash balance = $446,000
Cash paid to creditors ra 9000 after deducting 10% discount journal entry