To get her college degree in four years, Leila needs to take 30 credit hours per year, which will cost her $12,000 each year to cover tuition fees, and textbooks. Her annual cost of housing is $5,200, and her cost of food is $2,600 per year. If Leila does not go to college, her parents will let her live at home for free, and she will spend $1,500 on food. The rest of her expenses won't depend on whether or not she goes to college. Leila's best alternative to college is a job that pays $28,000 per year. From this information we can conclude that Leila's college degree will cost hers $______
Answers
To get her college degree in four years, Leila needs to take 30 credit hours per year, which will cost her $12,000 each year to cover tuition fees, and textbooks.
Her annual cost of housing is $5,200, and her cost of food is $2,600 per year. If Leila does not go to college, her parents will let her live at home for free, and she will spend $1,500 on food. The rest of her expenses won't depend on whether or not she goes to college. Leila's best alternative to college is a job that pays $28,000 per year.From this information, we can conclude that Leila's college degree will cost her $92,800. (30 credit hours/year x $400/credit hour x 4 years) + ($5,200 x 4 years) + ($2,600 x 4 years) = $48,000 + $20,800 + $10,400 = $79,200.The total cost for her 4-year college degree is $79,200. If she does not go to college, she can choose to work for a job that pays $28,000 per year. Over four years, the total income from this job would be $112,000 (4 x $28,000). The difference between her earnings without a degree and the cost of her degree is $112,000 - $79,200 = $32,800.
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Related Questions
What is one benefit to using a debit card that is not a benefit of using a check to make a purchase?
Answers
The major benefit of using the debit card is easy to carry.
Debit card:
In accounting, the term debit card refers the payment card that deducts money directly from a consumer's checking account when it is used.
Given,
Here we need to find the benefit of using the debit card over the check while making purchase.
We know that, the debit card payments allow you to complete transactions without having to fumble for cash, dig around in your purse or pockets for exact change, write out a check or go to an ATM.
Therefore, this tells that the card are easy to carry around and the purchase is paid and full without adding to debt.
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Assume your company’s sales increased from $3 million last year to $10 million this year. However, your biggest competitor is still the market leader with a 40% share of the $200 million widget market. Your other four competitors had sales this year of $53 million, $38 million, $12 million, and $7 million, respectively. For this year, what is your company’s MARKET SHARE? Type only a number along with a $ or % (if appropriate). Dollar amounts should be rounded to the nearest cent; percentages to the nearest tenth. *
Answers
Answer: 5%
Explanation:
The market share for the company will be gotten using the formula:
= Sales generated by company / Total industry sales × 100
= 10/200 × 100.
= 5%
Therefore, the company's market share is 5%
What do most business people think is the primary purpose of business?
A. To fix the problems of society
B. To invest all profits back into the business
C. To protect private property
D. To generate wealth
Answers
The most business people think generating wealth is the primary purpose of business. Therefore, option D is the correct option.
What is business?Businesses are economic activities. The activity of the business is performed by the people either in order to make money or to make simply a living. The activity of the business is performed by manufacturing goods, producing services, buying, and selling.
The major purpose of business is to earn profits. However, some businesses are in social service as well, they produce goods and services for the betterment of the society and the environment. Also, corporate social responsibility, which is paid by the business to the government helps in many ways.
The majority of businesspeople believe that making wealth is the main goal of their industry. As a result, choice D is the best one.
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What is advertising??
Answers
Answer:
the activity or profession of producing advertisements for commercial products or services.
Explanation:
Answer:
the activity or profession of producing advertisements for commercial products or services.
"movie audiences are receptive to advertising"
advertisements collectively.
"despite being instructed to take the signs down, he says he has no intention of removing the advertising"
Explanation:
dvertising is a means of communication with the users of a product or service. Advertisements are messages paid for by those who send them and are intended to inform or influence people who receive them, as defined by the Advertising Association of the UK.
Which targeting option is best for influencing consideration?.
Answers
Answer:
Custom Intent targeting option is best for influencing consideration.
there was spectacular growth in global trends after 1990 why
Answers
There are several factors that contributed to the spectacular growth in global trends after 1990 such as Technological Advancements, Globalization and Trade Liberalization etc.
Some key reasons include:
1. Technological Advancements: The 1990s witnessed significant advancements in technology, particularly in the areas of communication and information technology. The widespread adoption of the internet, mobile phones, and other digital technologies revolutionized the way people connect, communicate, and conduct business globally. These technological advancements facilitated faster and more efficient global interactions, enabling the exchange of ideas, information, and goods on an unprecedented scale.
2. Globalization and Trade Liberalization: The 1990s marked a period of increased globalization and trade liberalization. Many countries embraced market-oriented economic policies, reduced trade barriers, and opened up their economies to international trade and investment. This expansion of global trade allowed for the movement of goods, services, and capital across borders, creating opportunities for economic growth and development.
3. Economic Reforms and Emerging Markets: Several countries, particularly in Asia and Eastern Europe, implemented economic reforms and opened up their markets to foreign investment. These reforms and the emergence of new markets attracted significant capital inflows and fostered economic growth. Countries such as China and India experienced rapid economic expansion during this period, contributing to global trends.
4. Political Changes: The 1990s saw significant political changes worldwide, including the end of the Cold War and the dissolution of the Soviet Union. These geopolitical shifts created new opportunities for global cooperation, trade, and investment. Additionally, the transition from authoritarian regimes to more democratic systems in various countries created a more favorable environment for economic growth and international engagement.
5. Cultural Exchange and Information Flow: Increased cultural exchange and information flow, facilitated by advancements in technology and communication, played a role in the spectacular growth of global trends. People gained access to a wider range of information, cultural influences, and entertainment from different parts of the world. This cross-cultural exchange and interconnectedness contributed to the growth of global trends in areas such as fashion, music, entertainment, and lifestyle.
It is important to note that these factors interacted and reinforced each other, creating a synergistic effect that led to the significant growth in global trends after 1990.
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my new oc -w-.......................................................
Answers
Answer:
nice...
Explanation:
extracting round-dollar payments and summarizing them by vendor can help detect both corruption and billing schemes. True/False
Answers
The statement "extracting round-dollar payments and summarizing them by the vendor can help detect both corruption and billing schemes." is True
What are billing schemes?Generally, Fraudulent billing practices target the company's payment processing infrastructure. According to the ACFE Report to the Nations, a billing scheme is "any scheme in which a person causes his employer to issue a payment by having to submit invoices for fictitious goods or services, inflated invoices, or invoices for personal purchases."
In other words, a billing scheme is "any scheme in which a person causes his employer to issue a payout by submitting receipts for personal purchases."
It is possible to uncover fraudulent billing schemes and improper business practices by "extracting round-dollar payments and summarizing them by the vendor." This statement is accurate.
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Define direct advertising
Answers
Answer:
Explanation:
Direct marketing is a form of communicating an offer, where organizations communicate directly to a pre-selected customer and supply a method for a direct response. Among practitioners, it is also known as direct response marketing. By contrast, advertising is of a mass-message nature.
What additional information could be ued to prove that ΔXYZ ≅ ΔFEG uing ASA or AAS? Check all that apply
Answers
∠Z ≅ ∠G and XZ ≅ FG or ∠Z ≅ ∠G and XY ≅ FE are the additional information that could be used to prove that ΔXYZ ≅ ΔFEG using ASA or AAS.
Commercial enterprise statistics is data that holds which means, cost, or significance to your commercial enterprise. it would consist of any reports, spreadsheets, metrics, regulatory reporting, internet pages, files, dashboards, etc that fit the definition of having which means, value, or significance to your enterprise.
Records are stimuli that have that means in some context for their receiver. whilst facts are entered into and stored in a computer, it's far generally known as facts. After processing -- such as formatting and printing -- output information can once more be perceived as data. properly statistics is that which is used and which creates price. revel in and research indicates that exact statistics have numerous traits. suitable records are relevant for their reason, sufficiently correct for their cause, completely sufficient for the problem, dependable, and focused on the proper person.
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What is the role of price in market economy?
Answers
Answer:
Price serves as a reminder for unexpected costs, allowing businesses and consumers to adjust to changing market conditions. Prices are instruments for the economic distribution of products and services. Typically, Prices play a significant role in the economy by balancing supply and demand.
Explanation:
The observation method requires a manager, job analyst, or human resource specialist to talk with the employees performing each job
Answers
The more quantitative position analysis questionnaire may be best for quantifying each job's relative worth for pay purposes. Interviews, questionnaires, observations, and diary/logs are the most popular methods for gathering job analysis data.
What is job analysis?Job analysis is a set of procedures for determining the content of a job in terms of the activities it entails as well as the attributes or requirements required to perform those activities.
The primary goal of job analysis is to determine what an employee will do, how and when they will do it, and what skills, qualifications, and experience they will need to do that job.
The job analysis here provides information for the minimum qualifications (or requirements) of roles in the organization, which is frequently used for recruiting purposes. The job analysis serves as input for the performance evaluation of the person performing the job. Job analysis forms the basis of the training needs analysis.
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4. Identify three factors that can lead to conflict in a hospitality environment
Answers
Conflicts in hospitality environments can arise due to various factors, but some common factors include communication breakdowns, personality clashes, and workload imbalances.
Poor communication can lead to misunderstandings between staff members and with customers, which can result in conflicts. Personality clashes can arise when different personalities or work styles do not mesh well together, leading to friction and tension among employees. Workload imbalances can lead to feelings of resentment and unfairness, especially if some employees feel like they are doing more work than others without proper recognition or compensation.
Hospitality environments require effective communication, collaboration, and a positive work culture to prevent and address conflicts in a timely and respectful manner.
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the sum of the percent frequencies for all classes will always equal group of answer choices the number of classes one the number of items in the study 100
Answers
The statement “the sum of the percent frequencies for all classes will always equal” is 100%.
The percent frequency distribution is a summary of the distribution of a set of data. It shows the proportion (or percent) of observations that are in each of several different categories or classes. The sum of the percent frequencies for all classes will always equal 100%.
The reason behind this is that we are dealing with a percentage frequency distribution, which means that the data points' percentages should add up to 100%. Thus, the total percentage of all the classes equals 100%.
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On April 1, 1986, Casey deposited $1150 into a savings account paying 9.6%
interest, compounded quarterly. If he hasn't made any additional deposits or
withdrawals since then, and if the interest rate has stayed the same, in what
year did his balance hit $2300, according to the rule of 72?
Answers
Answer:4900
Explanation: it makes sence duh.
"KKK" was started in 2013 by Julia and her friend Julie. It provided services for business. Its primary service was jewelry designs. Many jewelers and high-end accessory retailers have their designs appear on their advertisements, promotions, and exhibitions. KKK, since inception, KKK put together a strong design and business team, raised a healthy fund of 2 million dollars and managed through friends and professional network to operate in three countries, further it secured contracts to design for several major jewelry brands. The company had revenue and happy customers almost from day one. It scored a major hire about two-thirds of the way through its existence. KKK hired a Sales Director to manage Sales in all locations, then the business hired the company’s first 15 salespeople and acquired their first high end accessory shop. Sadly, in 2017 KKK, however ceased operations.
KKK’s expertise was jewelry design, and by all objective measures it was very good. In fact, Julia has won several awards during her college year. Her passion for designs and her skills were obvious. She declined a highly paid job offer just to start KKK. She was encouraged by the good economic condition in that year and the potential of rapid exposure of her designs that is enabled by advancement in technology. Most important to her, she knew that most jewelers and jewelry retailor are continuously looking for new designs, their competitive advantage rely on their ability to dazzle jewelry lovers with a new design for every major occasion in their lives. She also knows that, in this industry one design could represent her for life.
In 2015’ jewelry exhibition, KKK designs was displayed on video monitors scattered throughout various hall of the exhibition. These monitors created a lot of conversation among customers who would see designs they had not seen before, which further generated an abundance of enquiries.
In 2019, when Julia was asked what went wrong, she said I love what I was doing it was amazing start up. But KKK just could not grow fast enough. When our firm closed, it was bringing in about $14000 a month and our expenses were $15000 per month. That is normal for start-ups. Many start-ups take considerable amount of time to reach breakeven and then start making money. But in KKK’s case revenue growth was painfully slow and unpredictable. The Co-founder Julie said that KKK was in a terrible possible place. When things work out, we know what to do, but when things move in the other direction, it is hard, but again its clear what to do. KKK found itself struggling neither failing nor succeeding. A decision had to be made no matter how painful it could be.
In her memoir, Julie elaborated on some of the challenges KKK encountered. First, competition is hard with multiple agencies offering similar service. Also selling to jewelers is not easy, it is not a high-volume sale industry. Jewelers are approached all times by junior designers trying to enter the market. Employing an army to try to sell their service also did not help. Before taking the tough decision to seize operation, Julia and Julie discussed possible alternatives. They still had investor money in the bank, so the situation was not horrible. They can continue to operate or partner with a specific jeweler for a percentage, explore other industries or close.
The decision eventually was to shut down. In a meeting with KKK investors and revealing the decision it was interesting how the investors reacted. When KKK closed, the company had in $ 2.2 million in the bank. The investors told them to keep the funds to start another start up.
Q: If you were assigned to develop a business model for the above business, what are the major components? Develop a summarized business model based on the information in the case above.
Answers
The major components of KKK's business model include providing high-quality jewelry designs to jewelers and high-end accessory retailers, targeting a niche market, generating revenue through contracts and sales, utilizing a talented team and network, facing challenges in a competitive industry, and ultimately deciding to shut down with investor support for future endeavors.
The business model for KKK revolves around delivering valuable jewelry design services to jewelers and high-end accessory retailers. The target market is focused on those seeking new and captivating designs to enhance their competitive advantage. The revenue streams primarily come from contracts with major jewelry brands, sales of designs, and revenue generated through exhibitions and promotions.
The key activities involve jewelry design, sales management, acquisition of accessory shops, participation in exhibitions, and effective marketing strategies. The key resources include a talented team, strong networks, significant funding, and leveraging technology for exposure. The cost structure entails various expenses to sustain operations and growth.
KKK's competitive advantage lies in its expertise in jewelry design, the founder's accolades, and the ability to spark conversations and generate customer interest. However, the business faced challenges such as intense competition, slow revenue growth, and difficulties in selling to jewelers. Ultimately, the decision to close was made, with investors encouraging the founders to utilize the remaining funds for future ventures.
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Listed below are 10 causes of temporary differences. For each temporary difference, indicate (by letter) whether it will create future deductible amounts (D) or future taxable amounts (T). Temporary Difference 1. Accrual of loss contingency, tax-deductible when paid. 2. Newspaper subscriptions; taxable when received, recognized for financial reporting when the performance obligation is satisfied
Answers
Accrual of loss contingency, tax-deductible when paid - This temporary difference will create future deductible amounts (D) because the loss contingency is deductible for tax purposes only when it is paid.
This will create a future deductible amount (D) because the tax deduction occurs when the payment is made, not when the loss is accrued. Newspaper subscriptions; taxable when received, recognized for financial reporting when the performance obligation is satisfied - This temporary difference will create future taxable amounts (T) because the newspaper subscriptions are taxable when received, but they are recognized for financial reporting when the performance obligation is satisfied, which may be in a different period.
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ow do you evaluate training and HRD?
What measures can be used to evaluate training?
Is there one best way to evaluate training?
What should be considered as one prepares to evaluate HRD?
What are the ethical issues involved in evaluating HRD?
How can the value of HRD be expressed in terms of costs and benefits, or dollars and cents?
What is meant by effectiveness?
Is it the same thing as efficiency?
How is effectiveness measured?
What is the purpose of determining effectiveness?
That is, what decisions are made after a program is judged effective or ineffective?
Answers
1. The evaluation of training and HRD can be accomplished through various ways and measures such as evaluation through testing, performance, and participation.
2. The following measures can be used to evaluate training: Pre- and post-training performance evaluation.
Participant’s feedback on the training program.
Self-assessment of the participants.
Instructor’s evaluation of the participant’s performance.
3. There is no one best way to evaluate training since each training session is unique and the evaluation should cater to its particular needs.
4. One of the major considerations that should be considered while evaluating HRD is the relevance and appropriateness of the training program.
5. The ethical issues involved in evaluating HRD can include confidentiality, providing fair and honest feedback, and ensuring the well-being of participants.
6. The value of HRD can be expressed in terms of cost and benefit analysis, by assessing the ROI (Return on Investment) or cost-benefit ratio.
7. Effectiveness is different from efficiency. Effectiveness measures how well a program is able to achieve its goals, while efficiency measures how well the resources used by the program were utilized.
Effectiveness is measured by comparing the results to the desired goals and objectives, while efficiency is measured by comparing the actual cost of resources used to the estimated cost.
8. The purpose of determining effectiveness is to assess whether the training program was able to achieve its goals and objectives.
9. If the program is judged to be effective, then it can be continued or expanded. If it is ineffective, then changes can be made to improve the program.
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Using too many different shapes within a design can
a. add interest to the design
b. make the room fun for kids
c. be visually confusing or distracting
d. none of the above
Answers
Answer:
c. be visually confusing or distracting
Explanation:
"Too many"=Negative
Answer:
C
Explanation:
You are a trainee sales manager with a retailing firm. Visit professional websites and discussion forums to find out how managers resolve problems related to transactions including cash, checks, debit cards, credit cards, discounts, layaway, Cash on Delivery, returns, gift certificates, and automatic fee withdrawals. You may also want to meet up with and talk to a store professional during their break times and seek input in person. Also, explain the technique to make change in counter transactions correctly.
Answers
Managers resolve transaction-related issues including cash, checks, debit cards, credit cards, discounts, deposits, cash on delivery, returns, gift cards and automatic fee withdrawals based on company policy.
Importance of company policy for decision makingThe organizational policy must be shared with all employees in a clear and objective way, in order to be a guide for behavior in the organization.
It will include the norms and rules to be followed in each organizational situation.
Considering Starbucks as the company of our research, through its website we can see that there is a guide with the terms and conditions for using the Starbucks card.
Therefore, each rule must be clearly exposed to stakeholders, and each issue related to financial transactions exposed in pre-established legal documents, in order to be a protection for the organization and for the clients.
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Compare and contrast what is meant by "liquidity" when referring to a CD and a mutual fund.
Answers
Answer:
"Liquidity" refers to how quickly and easily an asset can be converted into cash without affecting its market value. When referring to a certificate of deposit (CD) and a mutual fund, there are some similarities and differences in terms of liquidity.
A CD is a type of savings account offered by banks and credit unions that typically offers a fixed interest rate and a fixed term, ranging from a few months to several years. During the term of the CD, the funds are generally not accessible without incurring a penalty. However, once the term is over, the CD can be redeemed for its full value, including any accrued interest. In terms of liquidity, CDs are generally considered to be less liquid than other types of savings or investment accounts, as access to funds before the end of the term usually incurs a penalty.
On the other hand, a mutual fund is an investment vehicle that pools money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities. Mutual funds are generally bought and sold through a brokerage account, and investors can usually buy or sell shares at any time during the trading day at the current net asset value (NAV) of the fund. This means that mutual funds are generally considered to be more liquid than CDs, as investors can access their funds at any time without incurring a penalty.
In summary, while both CDs and mutual funds can provide a way to save and invest money, they differ in terms of liquidity. CDs generally offer a fixed interest rate and a fixed term, with limited access to funds before the end of the term. Mutual funds, on the other hand, offer more flexibility in terms of access to funds, as investors can buy or sell shares at any time during the trading day.
If the government levies a $10 tax per designer handbag, then the price paid by buyers of designer handbags would a. increase by more than $10. b. increase by less than $10. c. increase by exactly $10. d. decrease by an indeterminate amount
Answers
If the government levies a $10 tax per designer handbag, then the price paid by buyers of designer handbags would increase by more than $10. So the option a is correct.
The exact amount of the price increase would depend on factors such as the cost of the handbag, the demand for the handbag, and the cost of producing the handbag. If the cost of the handbag is $100 and the demand is high, then the price increase could be as much as $20-30.
If the cost of producing the handbag is high, then the price increase could be even higher. This is because the company has to take into account the costs of producing the handbag and the amount of profit they would like to make. If the cost of production is high, then the price increase may be higher than if the cost of production is low.
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Morning light does not enter the swamp. Even the sunrise is dark. Still, time progresses, night into day
A picture of bayou country is deceiving Slow streams converge under mud to make the appearance of land that is actually water. One net of moss hangs from one hundred trees. Lightning strikes the
same stump many times.
People pass the swamp's fringes in trains, on tracks that cling to the last solid ground. Out of their windows are landscapes that take the earth's colors to every periphery, Bright orange sunsets
surround people like sky on an airplane. On gray foggy mornings they ride through a dream that has no beginning or end. But time has its limits, these people know. They are expected places--Memphis
by midnight, New Orleans by dawn
Deep in the swamp, animals keep the only appointments Birds gather at high places in trees. Raccoons make their last noisy passes for food across someone's back porch before he awakes. Fish all
around splash up, although they cannot see the morning coming to clean the picture of day like clothes bleaching in a galvanized tub from dark gray to light gray
Joan looked out from the porch to the swamp she had known all her life. Ahead of her in the veiled light were the outlines of many trees. Below and around her were the crisp sounds of nature
awakening Cupped in both hands, perched on her knees was a warm mug of coffee.
Which of the following can the reader infer from the passage above?
O Travelers sleep throughout the journey.
O The ride is for airplane passengers to see the sky.
O Travelers lose their sense of the outside world.
Answers
Answer:
Travelers lose their sense of the outside world.
Explanation:
Study Island
During 2023, Riverbed Inc. became involved in a tax dispute with the Canada Revenue Agency. Riverbed's tax lawyers have told management that Riverbed will likely lose this dispute. They also believe that Riverbed will have to pay the Receiver General for Canada between $1,700,000 and $2.0 million. After the 2023 financial statements were issued, the case was settled with the Canada Revenue Agency for $1.8 million. What amount, if any, should be reported as a liability for this contingency as at December 31, 2023, assuming that Riverbed follows ASPE? Liability to be reported
Answers
Riverbed should report a liability of $1.8 million for this contingency as of December 31, 2023.
According to the given information, Riverbed Inc. became involved in a tax dispute with the Canada Revenue Agency during 2023. Riverbed's tax lawyers have indicated that Riverbed will likely lose the dispute and will have to pay the Receiver General for Canada between $1,700,000 and $2.0 million.
However, after the financial statements were issued, the case was settled for $1.8 million. In accordance with the Accounting Standards for Private Enterprises (ASPE), a liability for a contingency should be recognized if it is both probable that an outflow of resources will be required to settle the obligation, and the amount can be reasonably estimated.
Given that Riverbed's tax lawyers believe that Riverbed will likely lose the dispute and have to pay between $1,700,000 and $2.0 million, and the case was ultimately settled for $1.8 million, it can be concluded that it is probable that an outflow of resources will be required to settle the obligation. Furthermore, the amount of $1.8 million, which was settled with the Canada Revenue Agency, provides a reasonable estimate for the liability.
Therefore, based on the information provided and following ASPE, Riverbed should report a liability of $1.8 million for this contingency as of December 31, 2023.
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In data mining, finding an affinity of two products to be commonly together in a shopping cart is known as:
Answers
In data mining, finding an affinity of two products to be commonly together in a shopping cart is known as:
Association rule miningWhat is Association Rule Mining?This refers to the machine based learning method which aims to find similarities between variables in large databases.
With this in mind, we can see that when the affinity of two common products is used such as a shopping cart, in data mining, this is known as the association rule mining.
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The term average means ___.
A. there are an equal number of employees earning above the amount provident and an equal number earning below the amount provided
B. there are an equal number of employees earning above the amount provided but not an equal number of employees carning below the amount provided
C. there are equal mumber of employees net earning above the amount provided but an equal mmber of employees earning below the amount provided
D. the number calculated by adding all mmbers together, then dividing by the total amount of numbers
Answers
Answer: D I got the answer right on connexus
Explanation:
What are the two major forms of long-term debt? private issue public issue debentures. Canadian debt. private issue and public issue.
Answers
The two major forms of long-term debt are private issue and public issue.
Private issue debt is issued by private companies and is typically sold to a small group of investors. This type of debt is less regulated and less liquid than public issue debt.Public issue debt, on the other hand, is issued by governments or publicly traded companies and is sold to the general public. This type of debt is more heavily regulated and more liquid than private issue debt. Debentures are a type of long-term debt that is unsecured, meaning there is no collateral backing the loan. Canadian debt refers to debt issued by the Canadian government or Canadian companies.
In summary, the two major forms of long-term debt are private issue and public issue. Both have their own unique characteristics and are used by companies and governments to raise funds forlong-term projects or operations.
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Critically explain Robbins definition of economics?
Answers
Answer:
In his landmark essay on the nature of economics, Lionel Robbins defined economics as. “the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses”
Explanation:
the types of milatary are safe
Answers
Answer: US Air Force and Navy
Explanation:
Hampton Industries shares the following data: If Hampton uses a predetermined overhead rate based on direct labor cost, calculate the overhead applied to a job that incurred $10,000 direct labor. (Round all calculations to whole dollars) $500,000 $44,444$10,000$18,000 None of the above
Answers
correct option is none of the above.
Given,The data shared by Hampton Industries is:If Hampton uses a predetermined overhead rate based on direct labor cost, calculate the overhead applied to a job that incurred $10,000 direct labor. (Round all calculations to whole dollars)
Therefore, to calculate the overhead applied to a job, we need to determine the predetermined overhead rate first.
Predetermined overhead rate = Estimated overhead / Estimated direct labor costsAccording to the data shared by the Hampton Industries,Estimated overhead = $500,000Estimated direct labor costs = $18,000Therefore, the predetermined overhead rate would be, Predetermined overhead rate = Estimated overhead / Estimated direct labor costs= $500,000 / $18,000= 27.78 per direct labor dollarSo, the overhead applied to a job that incurred $10,000 direct labor would be= Predetermined overhead rate × Direct labor cost= $27.78 per direct labor dollar × $10,000= $277,800
Therefore, the correct option is none of the above.
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