Which one of the following conditions usually exists when comparing normal and abnormal spoilage to controllability?
Normal Spoilage --Abnormal Spoilage a. Controllable--Controllable b. Controllable--Uncontrollable c. Uncontrollable --Uncontrollable d. Uncontrollable -- Controllable
Answers
When comparing normal and abnormal spoilage to controllability, the following condition usually exists:
Normal Spoilage -- Abnormal Spoilage
Option d. Uncontrollable -- Controllable
- Normal spoilage is an inherent part of the production process and is generally considered uncontrollable since it occurs even under efficient operating conditions.
Normal spoilage, in contrast, occurs inevitably as firms see at least part of their production line wasted or destroyed during extraction, manufacturing, transporting, or while in inventory. Consequently, firms will use historical data along with some forecasting methods to produce a number or rate of normal spoilage to account for such losses. The expenses incurred due to normal spoilage are often included as a portion of the cost of goods sold (COGS).
- Abnormal spoilage is spoilage that exceeds the normal or expected levels and can usually be controlled or minimized through better management practices and process improvements.
Abnormal spoilage, which is considered avoidable and controllable, is charged to a separate expense account that will show up on a line item further down the income statement. It, therefore, has no impact on gross margin going forward. It is important for investors and other financial statement users to be able to quickly identify the expenses incurred due to abnormal spoilage since is not expected as part of a normal course of business.
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Related Questions
John has the following transactions for the year: Cash received from sales of products $120,000 Cash paid for expenses (except rent and interest) $35,000 Rent paid on a leased building for 18 months beginning December 1 $40,500 Prepaid interest on a bank loan, paid on November 1, for the next 6 months $12,000 Four months' rent received on a leased building, on December 1 $10,000 Instructions: Calculate John's income under the cash basis for his business. You must show your work computations to receive full credit.
Answers
Answer:
John
John's business income, based on a cash basis:
= $42,500
Explanation:
a) Data and Calculations:
Cash received from sales of products $120,000
Four months' rent received
on a leased building, on December 1 $10,000
Total receipts $130,000
Cash paid for expenses
(except rent and interest) $35,000
Rent paid on a leased building
for 18 months beginning December 1 $40,500
Prepaid interest on a bank loan, paid on
November 1, for the next 6 months $12,000
Total expenses $87,500
Income $42,500
b) Under the cash basis, accounting for a business does not differentiate the period the expenses and revenue are incurred. The only issue for consideration is the time cash is exchanged.
You have a chance to buy an annuity that pays $2,900 at the end of each year for 3 years. You could earn 6.2% on your money in other investments with equal risk. What is the most you should pay for the annuity?
a. $8,201.97 b. $9,239.40 c. $10,002.96 d. $5,301.97 e. $7,723.14
You plan to borrow $35,900 at an 8.4% annual interest rate. The terms require you to amortize the loan with 7 equal end-of-year payments. How much interest would you be paying in Year 2?
a. $2,727.25 b. $6,990.01 c. $2,681.75 d. $6,44
Answers
To determine the most you should pay for the annuity, we need to calculate the present value of the cash flows using the given discount rate of 6.2% and the formula for the present value of an annuity.
The formula for the present value of an annuity is:
PV = CF * (1 - (1 + r)^(-n)) / r
Where:
PV = Present value
CF = Cash flow per period ($2,900)
r = Discount rate per period (6.2%)
n = Number of periods (3 years)
Plugging in the values, we can calculate the present value:
PV = $2,900 * (1 - (1 + 0.062)^(-3)) / 0.062
Now we can solve for PV to find the most you should pay for the annuity.
For the second question, to calculate the interest paid in Year 2 of the loan, we need to determine the loan balance at the end of Year 1. Since the loan is being amortized with 7 equal end-of-year payments, each payment will consist of both principal and interest.
Using the loan balance formula:
Loan Balance = P * (1 + r) - PMT
Where: P = Principal amount ($35,900)
r = Annual interest rate per period (8.4%)
PMT = Payment amount
Since the loan is being amortized with 7 equal end-of-year payments, we can calculate the payment amount using the loan amortization formula:
PMT = P * (r / (1 - (1 + r)^(-n)))
Where: n = Number of payments (7)
With the payment amount, we can calculate the loan balance at the end of Year 1. The interest paid in Year 2 will be the difference between the loan balance at the end of Year 1 and the principal payment made in Year 2.
Please provide the value of the payment amount so that I can continue with the calculation for the interest paid in Year 2.
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Define careere pleaseeeeeeeeee
Answers
Answer:
a profession or occupation chosen by one's life work.
Having or following a career as specific career diplomat.
Explanation:
Hope this helps.. ;)
FYI I did research and I didn't copied and pasted..
Answer: an occupation undertaken for a significant period of a person's life and with opportunities for progress.
Like a police officer, fire fighter, cashier, fast food worker, teacher, principle, Etc....
Hope this helps... Stay safe and have a great Thanksgiving!!! :D
Which of the following can cause a run-time error?
A programmer anticipated a positive whole number, and the user input a negative decimal value.
A programmer anticipated text data, and the user input text data.
A programmer anticipated numeric data, and the user input numeric data.
A variable was not defined because of a typographical error in the definition of that variable.
Answers
Answer:
A programmer anticipated a positive whole number, and the user input a negative decimal value.
Explanation:
Edge : )
Answer:
A programmer anticipated text data, and the user input text data.
Explain the concept of market and market identification.
Identify communications channels used in sales promotion.
Explain types of advertising media.
Describe effective advertising layouts.
Write copy for advertisements.
Answers
Copywriting for advertisements should be concise and to the point, utilize descriptive language, use active voice, include an attention-grabbing headline, and provide a clear call-to-action.
What is Copywriting?Copywriting is the practice of crafting words and phrases in order to create promotional materials that are designed to sell products or services. It requires a great deal of creativity and an ability to write in an engaging and persuasive manner. Copywriting involves researching, understanding the target audience, creating attention-grabbing headlines and crafting persuasive copy to persuade readers to take action. It is an essential part of the marketing process and can be used to effectively reach potential customers and increase sales. Copywriters use a variety of techniques to create effective copy, such as using powerful words, creating vivid imagery, and making use of persuasive language. Copywriters must be able to understand the needs of their target audience, create compelling headlines and body copy, and be able to effectively target the right people. In addition, copywriters must be able to measure the success of their copy and make adjustments based on the results.
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explain how extending credit builds customer loyalty.
Answers
Answer:
spending more to improve quality of product according to customers expectations
Christopher has a credit card with an apr of 13.13%. the card uses the adjusted balance method to calculate finance charges. the following table details christopher’s transactions with his credit card in the month of december. date amount ($) transaction 12/1 424.86 beginning balance 12/3 55.25 payment 12/5 78.10 purchase 12/14 20.00 payment 12/16 27.97 purchase 12/22 8.16 purchase 12/29 46.07 purchase if christopher is on a 30-day billing cycle, what will his new beginning balance be after december? a. $509.91 b. $349.61 c. $353.44 d. $513.74
Answers
Based on his purchases and payments, as well as the opening balance, Christopher's opening balance after December will be d. $513.74.
What is Christopher's new opening balance?First find the balance on the card:
= Opening balance + Purchases - Payments
= 424.86 + 78.10 + 27.97 + 8.16 + 46.07 - 55.25 - 20
= $509.91
Opening balance becomes:
= 509.91 x (1 + 13.13%/365 days x 30 days)
= $513.74
In conclusion, option D is correct.
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collective nouns , A Glory of
Answers
Answer: uh what?
Explanation:
The data show the
number of railroad crossing accidents for the 50 states
of the United States for a specific year. Construct a
histogram, frequency polygon, and ogive for the data.
Comment on the skewness of the distribution. (The data
in this exercise will be used for Exercise 14 in this
section.)
Class limits Frequency
1–43 24
44–86 17
87–129 3
130–172 4
173–215 1
216–258 0
259–301 0
302–344 1
Answers
Answer:
I hope this helps
Explanation:
216-258 0
Click to review the online content. Then answer the question(s) below, using complete sentences. Scroll down to view additional questions.
When doing career research online, you always want to make sure you are viewing a reliable source, what factors about the website do you want to consider?
Answers
Answer:
The factors about the website that you want to consider to make sure you are viewing a reliable source are:
-Expertise of the site: Check if the websites specialize in information related to careers to make sure they have knowledge about the topic.
-Well-known organization: Validate if the organization that manages the website is well established and is considered reliable.
-Date and author: Look for the date to make sure the information is up to date and avoid information with anonymous authors.
-Site's look: Consider if the website has a professional appearance as that can show that it could be reliable. However, other factors have to be taken into account.
Explanation: Edit: Thank you for brainliest!
Public awareness is the best preventive measures of-----------------
Answers
Answer:
Any sorts of violenece or any illegal acts on human or their rights and freedom..
where can i watch the rock and roll hall of fame induction ceremony
Answers
Answer:
Copy and paste these exact words into You Tube
LIVE: Official Red Carpet of the 2021 Rock & Roll Hall of Fame Induction Ceremony
Explanation:
healthy-o cereals decides to sell its products through retail health food stores. this strategy decision is an example of which marketing mix area?
Answers
This strategic decision is an example of a Distribution (Place) marketing mix area.
In the marketing mix, distribution (Place) refers to the methods and techniques employed to make a product accessible to consumers for purchase. It entails choices on the distribution methods, including brick and mortar stores, online shopping, direct sales, etc. It also involves choices on the channels' accessibility, location, and frequency of product replenishment. Making sure the proper products are accessible to target clients at the ideal time and location is the aim of distribution.
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Assume a speculator purchased a call option on Swiss francs for $.02 per unit. The strike price was $0.45, and the spot rate at expiration was $0.48. Assume there are 62,500 units in a Swiss franc option. What was the net profit on this option to the speculator?
Answers
To calculate the net profit on the call option, we need to consider the option premium, the strike price, and the spot rate at expiration.
The net profit is determined by the difference between the spot rate at expiration and the strike price, multiplied by the number of units in the option, minus the option premium.
Given:
Option premium = $0.02 per unit
Strike price = $0.45
Spot rate at expiration = $0.48
Number of units in a Swiss franc option = 62,500
Let's calculate the net profit:
Profit per unit = Spot rate at expiration - Strike price
Profit per unit = $0.48 - $0.45 = $0.03
Net profit = (Profit per unit × Number of units) - Option premium
Net profit = ($0.03 × 62,500) - ($0.02 × 62,500)
Net profit = $1,875 - $1,250
Net profit = $625
Therefore, the net profit on this call option to the speculator is $625.
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According to the law of demand, as prices increase, the quantity demanded by people .
Answers
Answer:
Quantity supplied will increase
Answer: decreases
Explanation: right on edmentum
why do learners need to study intrepreneurship
Answers
Explanation:
Entrepreneurship education offers key life skills such as problem-solving creativity, real-world problem-solving, collaboration, and teamwork, among others.
Entrepreneurial courses help students prepare for careers while also improving their practical life skills. Discover three reasons why students should be interested in entrepreneurship.
While most students recognize the value of education, they may confine their studies to the more traditional subjects of English, history, mathematics, science, foreign language, and the arts. Many students, on the other hand, recognize that entrepreneurship courses supplement their education by teaching communication, time management, negotiation, and cooperation skills.
when costs to purchase inventory are falling over time, using lifo leads to reporting blank cost of goods sold and blank net income than fifo. multiple choice question. lower; higher higher; lower higher; higher lower; lower need help? review these concept resources.
Answers
Using LIFO instead of FIFO results in the reporting of lower cost of goods sold and higher net income when costs to purchase inventory are declining over time. So, the correct response for this question is option (a).
State the differences between LIFO and FIFO methods.In the inventory valuation method known as LIFO, the most recent stock of products is distributed first, as opposed to FIFO, which distributes the most recent stock of goods.The oldest stock is represented by LIFO, and the newest stock is represented by FIFO.The cost of products sold in LIFO displays the current market price. FIFO displays it through the cost of unsold stock.While there is no such restriction for FIFO, IFRS does not advise using LIFO to value inventories in accounting.When there is economic inflation, income tax shows the lowest amount possible using the LIFO technique, whereas it shows the highest amount possible using the FIFO method.While the FIFO approach will show a lower income tax during deflationary conditions, the LIFO method will show a bigger income tax amount.To know more about, LIFO and FIFO, visit :
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Family Fashions Corporation discontinued Kid-Choice, its entire line of children's clothing, in November of 2009. Prior to the disposal, Kid-Choice generated a loss of $600,000 (net of tax) for the period from January through the sale date. Because of the value of the real estate and machinery, there was a gain of $850,000 (net of tax) on the actual sale. How should this situation be reported in the financial statements of Family Fashions for 2009
Answers
Answer: A $250,000 gain should be in the "discontinued operations" section of the income statement.
Explanation:
Since there was a loss of $600,000 for the period from January through the sale date while there was a gain of $850,000 on the actual sales, then the situation should be reported in the financial statements of Family Fashions for 2009 as a gain of ($850,000 - $600,000) = $250,000 should be in the "discontinued operations" section of the income statement.
Discontinued operations refers to the part of the business which has been shut down or divested. They're separated from the continuing operations when reported.
List examples of words that can describe a store's image.
Answers
Some words which can be used to describe a store's image are:
Public perceptionPersonal brandWhat is Perception?This refers to the way people view a business with regards to its ease of operations (or lack of it), and ethical outlook, etc.
Hence, we can see that a store that has a bad image, perhaps from selling substandard goods would have a bad/negative public perception and this would affect the business because they would lose customers.
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Which of the following is not an example of professional behavior
?
Answers
What percentage of job opening are published?
a 10% 15%
C. 3096 - 359
d. 35% 40%
Please select the best answer from the choices provide
Answers
wait:( is there's no b because my answer on my own work is b
You shorted 210 shares of T for $85. You closed this position when T was trading for \$53. What is the profit (in \$) of this transaction? Ignore the effects of margin.
Answers
The profit from shorting 210 shares of T at $85 and closing the position when T was trading for $53 would be $6,720.
When you short a stock, you borrow shares from a broker and sell them in the market, hoping to buy them back at a lower price in the future. In this case, you shorted 210 shares of T at $85, which means you received $17,850 (210 shares * $85) from selling those shares.
To close the position, you needed to buy back the shares at the current market price. When T was trading at $53, you bought back the 210 shares for $11,130 (210 shares * $53).
To calculate the profit, you need to subtract the initial selling price from the closing buying price. The initial selling price was $17,850, and the closing buying price was $11,130. Therefore, the profit would be $6,720 ($17,850 - $11,130).
It's important to note that this calculation ignores the effects of margin, which is the practice of borrowing money to finance the short sale. In real-world scenarios, margin interest and other fees may impact the overall profitability of the transaction.
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The Big Hotel Brand has instituted a coaching program. What are the likely results?
The expenses for coaching will be higher than that of other types of training, but it is worth it.
Managers will find coaching too time consuming in the long run.
Productivity will be diminished because employees work less.
The hotel will develop a deep bench of talent.
Answers
Answer:
The expenses for coaching will be higher than that of other types of training, but it is worth it.The hotel will develop a deep bench of talent.Explanation:
The essence of coaching is to develop and support individuals to maximize their potential. In coaching, an more competent and experienced person, the coach, offers instructions and guidance that helps the learner unlock their abilities.
Coaching empowers individuals by developing their soft and interpersonal skills. It prepares them for bigger responsibilities in an organization. Coaching is costly in terms of budgets and the time-off that employees and managers require for the activities. However, the benefits of more competent and efficient employees outweigh the costs. Coaching ensures a company has a readily available pool of talents to take up higher positions or fill any vacancies should they emerge.
Yes or No?
When you receive your bank statement from your bank, will the balance shown on it match the balance in your check register?
Answers
Up until what point do competitive profit maximizing firms hire workers? a. Marginal Product of Labor-Wage level b. Value of Marginal Product of Labor-Wage level
c. Value of Marginal Product of Labor - Marginal Product of Labor d. Price - Labor
Answers
Competitive profit maximizing firms will hire workers up until the point where the value of the marginal product of labor equals the wage level. This means that the firm will continue to hire workers as long as the additional revenue generated by the worker (the value of their marginal product) is greater than or equal to the cost of hiring them (the wage level).
If the wage level exceeds the value of the marginal product of labor, the firm will not hire additional workers, as it would result in a loss for the company. Therefore, option b, the value of marginal product of labor-wage level, is the correct answer. It is important for firms to carefully consider this balance in order to maximize profits while also maintaining a productive workforce.
Competitive profit-maximizing firms hire workers up to the point where the Value of Marginal Product of Labor (VMPL) equals the Wage level. This is option (b) in your list.
Explanation:
1. VMPL represents the additional revenue a firm receives from employing one more unit of labor.
2. Wage level is the cost of hiring an additional worker.
3. A competitive firm aims to maximize its profit by considering the balance between the revenue it generates and the cost of labor.
4. Firms will continue hiring workers as long as the VMPL is greater than or equal to the Wage level.
5. Once the VMPL falls below the Wage level, hiring additional workers will decrease the firm's profit, so they stop hiring at that point.
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Many companies legally monitor employee conduct through different surveillance methods.
A) True
B) False
Answers
The statement "Many companies legally monitor employee conduct through different surveillance methods" is true.
Many employers use surveillance methods to monitor employee conduct. The following are some of the common surveillance methods used by employers, Email monitoring, Social media monitoring, Video surveillance, GPS tracking, Telephone monitoring. Employers may use these surveillance methods to ensure compliance with company policies, prevent theft or other illegal activities, ensure safety, and protect company assets and reputation.
It is important to note that there are laws in place that regulate employee surveillance, and employers must follow these laws to avoid violating employees' privacy rights.
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the question I have is on the sheet
Answers
Answer:
I think it's first one tooo
Prior to accepting an offer to purchase, sellers/brokers shall
Answers
Prior to accepting an offer to purchase, sellers/brokers shall carefully review the terms and conditions of the offer to ensure that it aligns with their requirements and expectations.
This includes considering the purchase price, contingencies, closing date, and any other relevant details outlined in the offer. It is important for sellers/brokers to fully understand the offer before accepting it, as once accepted, it becomes a legally binding agreement. They may also want to consult with their legal counsel or real estate agent to ensure that they are making an informed decision. Additionally, prior to accepting an offer, sellers/brokers may want to consider if there are any competing offers or if it would be beneficial to wait for additional offers to come in. This can help ensure that they are getting the best possible deal for their property. Overall, prior to accepting an offer to purchase, sellers/brokers should take the time to carefully evaluate the offer and consider all of their options to make an informed decision.
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During a trial in Gene's suit against Homer over the use of Gene's lakeside cabin, Gene's attorney asks questions of the plaintiff's witness Illya. This is
Answers
During Gene's trial against Homer regarding the use of Gene's lakeside cabin, Gene's attorney interrogates Illya, a witness for the plaintiff, by asking a series of questions.
In the course of a trial, attorneys play a crucial role in presenting their client's case and examining witnesses to gather evidence and support their arguments. In Gene's lawsuit against Homer concerning the use of Gene's lakeside cabin, Gene's attorney takes the opportunity to question Illya, who is a witness for the plaintiff.
By asking questions, Gene's attorney aims to elicit information and testimony from Illya that supports Gene's position or casts doubt on the plaintiff's claims. The questions asked may be designed to challenge Illya's credibility, probe inconsistencies in their testimony, or reveal additional facts that strengthen Gene's case.
The attorney's questioning strategy may involve asking open-ended questions to allow Illya to provide detailed answers or using leading questions to guide the witness towards a specific line of testimony. The objective is to extract relevant information, establish key facts, and potentially undermine the plaintiff's argument.
Through skillful questioning, Gene's attorney seeks to present a strong case by effectively utilizing Illya's testimony to support Gene's claims and refute the plaintiff's allegations. The questioning process during the trial is essential for uncovering the truth, presenting evidence, and ultimately influencing the outcome of the legal dispute.
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What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answers
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOU