TRUE/FALSE. Common costs are fixed costs that are not directly traceable to an individual product line.
Answers
The statement is TRUE. Common costs are those fixed costs that cannot be directly traced to an individual product line or cost object. These costs are incurred for the benefit of the organization as a whole, and they are not assigned to a specific product or service.
Examples of common costs include rent, utilities, salaries of top executives, and depreciation of shared assets like equipment and buildings.Common costs are different from direct costs and variable costs. Direct costs are those costs that can be directly attributed to a specific product or service, such as the cost of raw materials and direct labor. Variable costs are those costs that vary with the level of production or sales, such as the cost of sales commissions and shipping expenses.Common costs are allocated to different product lines or cost objects using an allocation method. The most common allocation method is based on the usage of the common cost by each product line or cost object. For example, if the rent expense of a building is $100,000 per year, and there are three product lines that use the building, the rent expense can be allocated based on the square footage or the number of employees of each product line.In summary, common costs are fixed costs that are not directly traceable to an individual product line. They are allocated to different product lines or cost objects using an allocation method.
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Related Questions
Death benefit proceeds from a life insurance policy are included in a decedent's gross estate in which of the following circumstances:
The decedent gave the policy to his father four years ago, but retained the right to change the name of the beneficiary.
The policy beneficiary is a grantor trust of the decedent but the policy is owned by a closely-held corporation.
The decedent gave the policy to a charity seven years ago.
The decedent transferred the policy to an irrevocable life insurance trust five years ago with no retained incidents of ownership.
A. 2 and 3.
B. 1 and 2.
C. 3 and 4.
D. 1 and 4.
Answers
Answer:
B. 1 and 2.
Explanation:
Life insurance policy can be defined as a contract between a policyholder and an insurer, in which the insurer agrees to pay an amount of money to a specific beneficiary either upon the death of the insured person (decedent) or after a set period of time.
A decedent refers to a deceased person who is no longer able to control his or her properties (wealth).
Generally, insurance companies across the globe charge millions of their customers (insured) premiums every year. This gives them the privilege of having a pool of cash which can be used to cover the cost of losses and destruction to the asset of a small fraction or percentage of its customers.
This simply means that, since insurance companies collect premium from all of their customers for losses which may or may not occur, so they can easily use this cash to compensate or indemnify for losses incurred by those having high risk.
Death benefit proceeds from a life insurance policy are included in a decedent's gross estate in the following circumstances:
I. The decedent gave the policy to his father four years ago, but retained the right to change the name of the beneficiary.
II. The policy beneficiary is a grantor trust of the decedent but the policy is owned by a closely-held corporation.
how can u prove that the traditional technology is the foundation of modern technology short answer
Answers
Write "True" if the statement is correct & "False" if the statement is incorrect.
Answers
Answer:
where's the question?
Explanation:
when the term reputation management is used, it is applicable solely during a crisis. produces a temporary change in public opinion. includes publicity and press agentry. is a superset of public relations. is a short-term tactical process.
Answers
Answer:
When the term Reputation management is used, it includes both publicity and press agentry is applicable solely during a crisis.
Explanation:
Reputation management is the practise of influencing how the general public feels about a person, organisation, or business. Reputation management entails actively controlling the communication and presentation of an individual, organisation, or other entity's image and perceived values. It also involves monitoring, evaluating, and shaping public views and opinions.
Because a person's or organization's reputation can significantly affect its success and possibilities, reputation management is crucial. An individual or other entity can enhance their public image and develop credibility with their audience by actively controlling and moulding their reputation.
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A pension fund is making an investment of $118,000 today and expects to receive $1,780 at the end of each month for the next five years. At the end of the fifth year, the capital investment of $118,000 will be returned.
Required:
What is the internal rate of return compounded annually on this investment?
Note: Do not round intermediate calculations and round your final answer to 1 decimal place.
= 19.68% and 19.7% are incorrect
Answers
The correct rounded answer for the internal rate of return (IRR) compounded annually on this investment is 10.8%.
To calculate the internal rate of return (IRR) on this investment, we can set up the equation:
PV = -Initial Investment + (Cash Flow 1 / (1 + IRR)^1) + (Cash Flow 2 / (1 + IRR)^2) + ... + (Cash Flow n / (1 + IRR)^n)
PV = Present value of all cash flows
Initial Investment = -$118,000 (negative because it's an outgoing cash flow)
Cash Flow 1 to n = $1,780 (received at the end of each month for the next five years)
IRR = Internal rate of return (unknown)
Using this equation, let's solve for IRR:
PV = -118,000 + (1,780 / (1 + IRR)^1) + (1,780 / (1 + IRR)^2) + ... + (1,780 / (1 + IRR)^60)
To find the IRR, we need to find the discount rate (IRR) that makes the present value of all cash flows equal to zero. We can use numerical methods such as the Newton-Raphson method or trial and error to find the IRR.
Using Excel or a financial calculator, the IRR on this investment is approximately 0.9% per month, or 10.8% per year. Therefore, the correct rounded answer for the internal rate of return (IRR) compounded annually on this investment is 10.8%.
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Within how many days after initially commencing work must an employer report a new employee, according to PRWOR?
Answers
Answer:
20 days
Explanation:
The full meaning of PRWOR is Personal Responsibility and Work Opportunity Reconciliation Act of 1996 of the U.S..
PRWOR is a detailed bipartisan welfare reform plan that brought a change to the U.S. welfare system in a dramatic way whereby time-limited assistance is required to be exchange for work.
One of the contents of PRWOR is that it mandates an employer report a new employee within 20 days after the employee initially commencing work by filing a new hire reporting form.
Therefore, according to PRWOR, an employer report a new employee must report a new employee 20 days after initially commencing work.
The groph below shows information for the economy of Tontolus.
a. If money supply is equal to 90 , what are the values of equilibrium Interest rate and Investment spending? Interest rate: Investment:
Answers
The graph below depicts the economy of Tontolus. If the money supply is equivalent to 90, The graph depicts the money market. The x-axis represents the money supply, while the y-axis represents the interest rate.
The investment spending curve is also shown. The equilibrium interest rate and investment spending are shown on the graph as well. As a result, the interest rate will fall to the equilibrium level, where the supply and demand curves meet. Investment spending will be affected by the interest rate. When interest rates are low, investment spending rises, and when interest rates are high, investment spending decreases. To find the equilibrium interest rate and investment spending, follow these steps:When the money supply is 90, the intersection of the money supply curve and the money demand curve is the equilibrium point.
Therefore, to determine the equilibrium interest rate, locate the point at which the money supply curve intersects the money demand curve. In this situation, the interest rate is around 5. Finally, to determine the equilibrium investment spending, locate the interest rate of 5 on the investment spending curve. At an interest rate of 5, the investment spending is roughly 25.Therefore, when the money supply is 90, the equilibrium interest rate is 5, and the investment spending is 25.
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Holy macaroni! That's Almost It!
We're done with the four habits of millionaires-to-be.
Do you remember what the habits were? Let's see...
Check the sentences that best describe the "Big Four
Habits."
And you'll see this question again in the test
. You're not quite there yet. Try again.
Virtually all of the 7 million millionaires in the United States
never had to think about tomorrow, since they knew they would be
rich.
were always thinking ahead.
wanted their money to work for them.
wanted to store their money under the bed.
were looking forward to buying a lot of nice toys.
assumed all sellers were telling the truth.
learned how to make smart decisions by doing their homework.
always paid their cell phone first.
always paid themselves first.
Answers
Answer:
2,3,7 and the last one
Explanation:
Just had the same question and went back into the lesson to look . THESE TAKE FOREVER HAHA
Seven million millionaires in U.S :
we're always thinking ahead.wanted their money to work for them.learned how to make smart decisions always paid themselves first.Who are millionaires?Millionaires are those individuals who have a net worth that is equal to or are then one million units of currency.
These people include businessmen that have own business and own large amount of shares in other companies. The millionaires networth and financial assets also contribute to the nation's GDP.
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major factors that historically influenced the development of financial reporting practices across countries include
Answers
Factors that has influenced the development of financial reporting practices include legal systems, cultural differences, economic factors, political factors, and internationalization
1. Legal systems: Countries with common law systems (e.g., the United States and the United Kingdom) tend to have more detailed and extensive financial reporting practices, while those with code law systems (e.g., France and Germany) have more general and principle-based practices.
2. Cultural differences: Hofstede's cultural dimensions, such as individualism vs. collectivism and uncertainty avoidance, can impact the development of financial reporting practices. For example, countries with high uncertainty avoidance may require more detailed disclosures to minimize ambiguity.
3. Economic factors: The level of economic development, market orientation, and the role of the government in the economy can influence financial reporting practices. Developed countries with market-oriented economies typically have more advanced and sophisticated financial reporting practices compared to those in developing countries or with government-controlled economies.
4. Political factors: The political environment, including the degree of government intervention and regulation, can shape the development of financial reporting practices. Countries with higher levels of political stability and transparency may have more robust and reliable financial reporting practices.
5. Internationalization: The globalization of capital markets has led to a demand for more comparable and harmonized financial reporting practices across countries. This has resulted in the adoption of international financial reporting standards (IFRS) by many countries to facilitate cross-border investment and financial decision-making.
In summary, legal systems, cultural differences, economic factors, political factors, and internationalization are major factors that have historically influenced the development of financial reporting practices across countries.
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Assume the economy is operating at P1Y2.
Which of the following would cause a shift to bring the economy to P3Yf?
Real wages fall.
Productivity increases.
Personal income taxes increase.
Transfer payments decrease.
A major hurricane hits the southeastern United States.
Answers
The decrease in aggregate demand would also reduce productivity and lead to a decrease in output and employment.
What is employment?Employment is an agreement between two parties, usually based on a contract, where work is exchanged for compensation, such as wages, salary, or commission. Employment is typically for a fixed period of time, and the employer usually has the right to dismiss an employee for a legitimate reason. Employment typically involves an exchange of services, knowledge, skills and experience for remuneration. Employment can be either full-time, part-time, or casual, depending on the type of job and the agreement between the employer and the employee.
A major hurricane hitting the southeastern United States would cause a shift to bring the economy to P3Yf as it would reduce aggregate demand in the affected areas, resulting in a decrease in consumption and investment spending. This would lead to a contraction in output and employment, resulting in a decrease in real wages, a decrease in transfer payments, and an increase in personal income taxes.
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Write a three- to five-sentence paragraph that defines economics. Based on your definition, explain why it is difficult to consider economics an exact science. You may want to consider how economists approach economics to help you explain your answer.
Answers
Answer: See explanation
Explanation:
Economics is referred to as a social science that is concerned with how goods are produced, how they're distributed and how they're consumed. Economics is the social science that studies why human beings behave the way that they do.
It is difficult to consider Economics as a science because it lacks a hypotheses that's testable. Also, there is lack of consensus and the scientific method is not followed in Economics.
9. Which of the following is a true statement? Explain your reasoning.
The 52-week high can never be higher than the day's high.
The day's high can never be higher than the 52-week high.
Answers
That statement is true. The 52-week high is the highest amount for the entire year. Thus, the day's high can only be as high as the 52-week high and never higher.
The word “amount ” is used to explain the size or amount of non-depend nouns. For instance, you could measure the quantity of water in a beaker or the amount of air in a bottle. Similarly, you may realize the amount of cat hair that is seen on a blanket or the amount of salt a clinical patient has eaten lately.
As designated above, 'quantity' may be a noun or a verb. Noun usage: Pour a small amount of water into the dish. Noun usage: The puppies want unique quantities of food. Verb usage: It amounts to three bucks and alternate.
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Which person's unemployment is an example of frictional unemployment?
А
a rocont collogo graduato who is sooking to enter the workforce for the first timo
B
a factory worker who was laid off during a recession in order to cut operating costs
a retail salesperson who is looking for work after a period of seasonal employment at a departmen
D
an inexperienced computer programmer who lacks the human capital sought after by employers in
Answers
Robin, a senior at state university, receives free room and board as full compensation for working as a resident advisor at the university dormitory. the regular housing contract is $1,400 a year total, $800 for lodging and $600 for meals in the dormitory. what is robin's gross income from this employment
Answers
Answer:
The $600 which is the meal contract must be included in gross income
Explanation:
Robin's gross income from this employment is that the $600 which is the meal contract must be included in gross income reason been that
Robin had receive meals in which the meals were not been provided for the convenience of the employer which means the value of the meals had to be included in gross income.
In Johari window, what does feedback from others help us to do?
Increase our open area by reducing our blind area.
Increase our unknown area by reducing our hidden area.
Decrease our open area by increasing our amount of disclosure.
Increase our open area by reducing our unknown area.
Answers
According to the Johari Window model, receiving input from others enables us to reduce our blind area and so enhance our open area. The right response in this case is option A. Here option A is the correct answer.
The Johari Window is a tool used to improve self-awareness and communication skills in individuals and groups. It consists of four quadrants, each representing a different aspect of our personality: the open area, the hidden area, the blind area, and the unknown area.
The open area is the part of ourselves that we are aware of and share with others. The hidden area is the part of ourselves that we are aware of but do not share with others. The blind area is the part of ourselves that others see but we are not aware of. The unknown area is the part of ourselves that neither we nor others are aware of.
When we receive feedback from others, we can gain insight into our blind spots and reduce our blind areas. By listening to others and considering their perspective, we can gain a better understanding of how we are perceived by others and adjust our behavior accordingly. This allows us to increase our open area, which can lead to better communication and relationships with others.
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Complete question:
In the Johari window, what does feedback from others help us to do?
A - Increase our open area by reducing our blind area.
B - Increase our unknown area by reducing our hidden area.
C - Decrease our open area by increasing our amount of disclosure.
D - Increase our open area by reducing our unknown area.
Each asset account has a normal credit balance.
a. True
b. False
Answers
Each asset account has a normal credit balance is true.
Do assets have a normal credit balance?Expenses have a regular debit balance and income has a typical credit balance. As a result, the credit balance in each asset account is normal. There is a typical debit balance in each liabilities account. Liabilities and owner's equity typically have credit balances, while assets typically have a debit balance.
An account's balance rises on the same side as the side with the typical balance. On the credit side, asset accounts decline. To put it another way, positive numbers for assets and expenses are debited, and negative balances are credited. A revenue account typically has a credit balance; if the revenue account has a debit balance, the business has experienced a loss.
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The socially optimal quantity of pollution is:_________.
a. the amount of pollution society would choose if the marginal social cost of pollution were zero.
b. the amount of pollution society would choose if all costs and benefits were fully accounted for. zero.
c. the amount of pollution society would choose if the marginal social benefit of pollution were zero.
Answers
Based on standard practices, the socially optimal quantity of pollution is "the quantity whose marginal social cost equals the marginal social benefit."
What is the socially optimal quantity?The socially optimal quantity is the term used to describe output quantity that reveals equilibrium between the costs and benefits of social conditions.
Therefore when the quantity of pollution whose marginal social cost equals the marginal social benefit occurs, this is a socially optimal quantity of pollution.
Hence, in this case, it is concluded that the correct answer is the quantity whose marginal social cost equals the marginal social benefit.
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People are living paycheck to paycheck why is that a problem
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a breakfast cereal manufacturer has identified three distinct consumer groups to market its cereals to—children, adults, and gluten-free consumers. in doing so, the company has engaged in market
Answers
A breakfast cereal manufacturer has identified three distinct consumer groups to market its cereals to—children, adults, and gluten-free consumers. in doing so, the company has engaged in market segmentation.
What is market segmentation?Market segmentation is the process of separating a large consumer or company market into smaller consumer groups based on some kind of shared characteristic. Typically, this process involves existing and future customers.
Organizing potential customers into groups or segments with comparable demands and responses to marketing actions is referred to as market segmentation in marketing.
The technique of market segmentation divides the target market into smaller groups based on shared features like age, income, personality traits, behavior, interests, needs, or location. These categories can be utilized to enhance sales, marketing, and other related activities.
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If the breakeven point is 20,000 and the contribution margin is $1.30, how much are fixed costs?
A) 20,000
B) $26,000
C) $15,384
Answers
Fixed costs can be calculated by subtracting the contribution margin per unit from the selling price per unit and then dividing the result by the contribution margin per unit.
Using the given information, we can calculate the fixed costs as follows:Contribution margin per unit = Selling price per unit - Variable cost per unit$1.30 = Selling price per unit - Variable cost per unit Breakeven point = Fixed costs / Contribution margin per unit$20,000 = Fixed costs / $1.30 per unit
Solving for fixed costs, we get:
Fixed costs = $20,000 x $1.30 per unit
Fixed costs = $26,000
Therefore, the fixed costs are $26,000.
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what are the eight stages of the organizational buying process? explain them and what it means to a hospitality sales person?
Answers
The 8 stages of the organizational buying process are as follows: Need Recognition, Information Search, Evaluation of Alternatives, Supplier Selection, Negotiations, Purchase Decision, Order Specification.
1. Need Recognition: The first stage of the organizational buying process occurs when the company identifies a need for a specific product or service.
2. Information Search: Once the need is recognized, the company will begin to search for information about potential solutions.
3. Evaluation of Alternatives: At this stage, the company evaluates the various options available to them and weighs the pros and cons.
4. Supplier Selection: At this point, the company narrows down their list of potential suppliers to a few candidates.
5. Negotiations: This stage involves negotiating prices, terms, and other details with the chosen supplier.
6. Purchase Decision: The company makes its final decision on which supplier to go with.
7. Order Specification: The company will provide detailed information on the product or service being purchased.
8. Order Routine Specification: The company sets up a process to manage the order.
For a hospitality sales person, understanding the 8 stages of the organizational buying process can be helpful in planning sales strategies and effectively engaging with customers. Being aware of the different stages and how customers think through the process can help a sales person identify potential needs and anticipate questions and objections.
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Woolworth's Co. offers a bonus to its employees based on the company's annual profit. The amount of the bonus for this year is estimated at $32,500 to be paid in January of the following year. The journal entry required on December 31 to record the bond is:
Select one:
a. Debit Unearned Bonuses $32,500; Credit Bonus Payable $32,500
b. Debit Employee Bonus Expense $32,500; Prepaid Employee Bonus credit $32,500
c. Debit Estimated Bonus Payable $32,500; Cash credit $32,500
d. Debit Employee Bonus Expense $32,500; Credit Bonus Payable $32,500
e. You do not have to make an entry in December because the bonus will be paid in January of the next year
Answers
The correct journal entry required on December 31 to record the bonus is: d. Debit Employee Bonus Expense $32,500; Credit Bonus Payable $32,500
The entry records the expense related to the estimated bonus for the year and establishes a liability in the form of a bonus payable to the employees. The debit to Employee Bonus Expense recognizes the expense incurred by the company, and the credit to Bonus Payable establishes the liability for the amount owed to the employees. This entry is made in December to reflect the expense and liability in the appropriate accounting period, even though the payment will be made in January of the following year.
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The career cluster which provides security and protection for the public is___.
A.Law, Public Safety Corrections, and Security.
B.Hospitality and Tourism.
C.Human Services.
D.Information Technology
Answers
Answer:
A.Law, Public Safety Corrections, and Security.
Explanation:
Officers in the Law, Public Safety Corrections, and Security cluster protect properties and citizens' lives. Job titles in this cluster include police officers, security guards, lawyers, correctional officers, and legal assistants.
Works in this cluster revolve around jails, police stations, courts, correctional facilities, and public places where people require security and protection.
Northwood Company manufactures basketballs. The company has a ball that sells for $25. At present, the ball is manufactured in a small plant that relies heavily on direct labor workers. Thus, variable expenses are high, totaling $15 per ball, of which 60% is direct labor cost.
Last year, the company sold 30,000 of these balls, with the following results:
Sales (30,000 balls) $ 750,000
Variable expenses 450,000
Contribution margin 300,000
Fixed expenses 210,000
Net operating income $ 90,000
Answers
True, The calculation is matching with the net operating income given in the question and problem statement .
According to the question we can calculate the contribution margin per ball Contribution margin per ball = Selling price per ball - Variable expenses per ball Hence , based on question $25 - $15 = $10
We can also calculate the total variable expenses based on question Variable expenses = Variable expenses per ball x Number of balls sold Variable expenses = $15 x 30,000 = $450,000
Next, we can use the contribution margin per ball to calculate the break-even point in units. Break-even point (in units) = Fixed expenses ÷ Contribution margin per unit according to question
Break-even point = $210,000 ÷ $10 per unit
Break-even point (in units) = 21,000 units
In the end we can calculate the net operating income for the company
Net operating income = (Selling price per ball x Number of balls sold) - Total variable expenses - Fixed expenses
Net operating income = ($25 x 30,000) - $450,000 - $210,000
Net operating income = $750,000 - $660,000
Net operating income = $90,000
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Which of the following scenarios describes an advantage of a global economy?
A car company makes its products in a country known for high manufacturing requirements.
A lightbulb company expands to a country where potential workers all have the same educational background.
An electronics company manufactures products in a country where the materials cost is high.
A toothpaste company expands to another country where there is a lot of competition for jobs.
Answers
https://www.nap.edu/read/1806/chapter/7
An investment offers $6,125 per year for 15 years, with the first payment occurring one year from now. Assume the required return is 8 percent. A. What is the value of the investment today? (Do not round intermediate calculations and round your answer to 2 decimal places, e. G. , 32. 16. ) b. What would the value be if the payments occurred for 40 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e. G. , 32. 16. ) c. What would the value be if the payments occurred for 75 years? (Do not round intermediate calculations and round your answer to 2 decimal places, e. G. , 32. 16. ) d. What would the value be if the payments occurred forever? (Do not round intermediate calculations and round your answer to 2 decimal places, e. G. , 32. 16. )
Answers
The value of the investment today is approximately $49,582.98 for 15 years, $27,322.40 for 40 years, $9,398.22 for 75 years, and $76,562.50 if the payments occurred forever.
The value of an investment is determined by the future cash flows it generates and the required return rate. In this case, we are given that the investment offers $6,125 per year for 15 years, with the first payment occurring one year from now. The required return rate is 8 percent.
To find the value of the investment today, we can use the formula for the present value of an annuity. The present value of an annuity is the sum of the discounted cash flows.
a. To find the value of the investment today for 15 years, we can calculate the present value of the cash flows using the formula:
PV = CF / (1 + r)^n
where PV is the present value, CF is the cash flow per year, r is the required return rate, and n is the number of years.
In this case, CF = $6,125, r = 8%, and n = 15. Plugging these values into the formula, we get:
PV = $6,125 / (1 + 0.08)^15 ≈ $49,582.98
Therefore, the value of the investment today is approximately $49,582.98.
b. To find the value of the investment if the payments occurred for 40 years, we can use the same formula. In this case, CF = $6,125, r = 8%, and n = 40. Plugging these values into the formula, we get:
PV = $6,125 / (1 + 0.08)^40 ≈ $27,322.40
Therefore, the value of the investment would be approximately $27,322.40 if the payments occurred for 40 years.
c. Similarly, to find the value of the investment if the payments occurred for 75 years, we use the formula. In this case, CF = $6,125, r = 8%, and n = 75. Plugging these values into the formula, we get:
PV = $6,125 / (1 + 0.08)^75 ≈ $9,398.22
Therefore, the value of the investment would be approximately $9,398.22 if the payments occurred for 75 years.
d. Finally, if the payments occurred forever, we have an infinite series of cash flows. In this case, we can use the formula for the present value of a perpetuity, which is:
PV = CF / r
where PV is the present value, CF is the cash flow per period, and r is the required return rate.
In this case, CF = $6,125 and r = 8%. Plugging these values into the formula, we get:
PV = $6,125 / 0.08 = $76,562.50
Therefore, the value of the investment would be approximately $76,562.50 if the payments occurred forever.
In conclusion, the value of the investment today is approximately $49,582.98 for 15 years, $27,322.40 for 40 years, $9,398.22 for 75 years, and $76,562.50 if the payments occurred forever.
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Question 13 of 20
Which of the following most accurately describes the meaning of "human
resources"?
A. People who add value to a business and get tasks done
B. People who are skilled at using business tools
O c. People who succeed in business after initial failure
D. People who start businesses and then sell them
Answers
Answer:
The answer is (A)
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Will the grading period effect what college you will go to later on?
A (True)
B (False)
Answers
Answer: A
Explanation:
Answer:
NO
Explanation:
If the planned budget revenue for 5,000 units is $120,000, the flexible budget revenue for 4,500 units is ______.
Answers
Based on the planned budget revenue, the flexible budget revenue for 4,500 units will be $108,000.
What is the flexible budget revenue?First find the selling price under the planned budget:
= 120,000 / 5,000
= $24
The flexible budget revenue will be:
= 24 x 4,500 units
= $108,000
In conclusion, the flexible budget revenue is $108,000.
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What are cover letters also called?
Letter of appreciation
Letter of preparation
Letter of anticipation
Letter of application
Answers
Answer:
A
Explanation:
because they are good