Based on the number of computers ordered by the company, the cost, and the account interest, the amount that the company should deposit to be able to pay for the computers is $7,949.98.
How to find the amount to be deposited?First, find the total cost of the computers ordered by the company:
= Number of computers x Cost per computer
= 5 x 1,700
= $8,500
This means that the company needs to deposit an amount of money today that will grow to be $8,500 in 11 months time to enable them to pay off the cost of the computers.
That amount will be:
Future value = Amount to deposit x ( 1 + rate) ^ number of periods
8,500 = Deposit amount x ( 1 + 7.32%) ¹¹
Deposit amount = 8,500 / 1.0691844627036943510494002859615
Deposit amount = $7,949.98
In conclusion, the company needs to deposit $7,949.98 to be able to pay for the computers.
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Cody's credit report lists two different addresses in Lakeville, CT. What might be an explanation for that?
A. Cody's family owns more than one property.
B. His family moved while he was growing up.
C. Someone else with the same name lives at the second address.
D. One is his home address and one his work address.
Answer:
Its B
Explanation:
His family moved while he was growing up.
And for the Rest
1. What do Equifax, Experian, and TransUnion do?
C) compile credit reports on individuals
2. Cole just moved to a new neighborhood. He called the electric company to switch the utilities for his new home from the landlord to himself. Why would the electric company request a copy of Cole’s credit report?
C) They needed to decide whether to require Cole to provide a deposit.
3. Cody’s credit report lists two different addresses in Lakeville, CT. What might be an explanation for that?
B) His family moved while he was growing up.
4. Where does your credit score come from?
D) It is based on information in the credit reports compiled by Equifax, Experian, and TransUnion.
5. If your credit report shows late payments because you were deployed to a combat zone, what might you do to clean up your credit report?
B) Send a note to the credit bureau that you were in combat rotation for three months with limited ability to pay your bills but have caught all the bills and late fees up.
Answer: B. His family moved while he was growing up.
Explanation: Its correct on the test btw the person above is also correct on all answers !
suppose televisions are a normal good and buyers of televisions experience a decrease in income. as a result, consumer surplus in the television market group of answer choices
Assume that televisions are a common product and that consumers who purchase them see a decline in their income. Thus, the consumer surplus in the television market could rise, fall, or stay the same.
What outcome results from a product's price dropping and buyers' propensity to purchase it?
The substitution effect happens when a good's price decreases and leads consumers to switch to other, now comparatively more costly ones.
What three premises underlie consumer preferences?
There are three different categories of assumptions: transitivity, non-satiation, and completeness. Completeness: Completeness presupposes that consumers are equipped with all the knowledge necessary to decide on a product and their own preferences intelligently.
What are the top 3 elements that have an impact on consumer demand?
Unfortunately, a variety of factors, including product price, consumer income, and expectations, have an impact on the demand for consumer goods.
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if canada has a comparative advantage relative to mexico in the production of timber, then a. the average cost of production for timber is lower in canada than in mexico. b. the opportunity cost of production for timber is lower in canada than in mexico. c. the explicit cost of production for timber is lower in canada than in mexico. d. the implicit costs of production for timber are lower in canada than in mexico.
If Canada has a comparative advantage relative to Mexico in the production of timber the opportunity cost of production for timber is lower in Canada than in Mexico.
A sort of wood known as timber has been transformed into beams and planks. In the US and Canada, it is also referred to as "lumber." Timber or lumber is essentially the firewood or wood from growing trees. Any wood that has the ability to produce a minimum dimensional size is referred to as lumber or timber. It is a step in the process of making wood. For structural purposes, timbers are utilized. Timbers are woods that have been prepared for use in construction. For the industry, finished wood is provided in conventional sizes. Building homes and producing furniture both need wood.
Timber and Lumber Types
Hardwoods and softwoods are the two categories into which timber can be categorized. These two groups include a wide variety of timber varieties. It is they-
Cross-laminated bamboo, birch, cedar, cherry, and green timber
Lime
Mahogany
Sapele timber
Tulipwood
Walnut
Ash wood Spruce fir
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majestic corporation manufactures wheelbarrows and uses budgeted machine hours to allocate variable manufacturing overhead. the following information relates to the company's manufacturing overhead data: budgeted output units 43,500 units budgeted machine-hours 17,400 hours budgeted variable manufacturing overhead costs for 43,500 units $382,800 actual output units produced 45,500 units actual machine-hours used 14,500 hours actual variable manufacturing overhead costs $435,709 what is the flexible-budget variance for variable manufacturing overhead?
The flexible-budget variance for variable manufacturing overhead is $116,709 Unfavorable.
What is the flexible budget variance?The flexible budget variances are the differences between the actual results and the flexible budget results.
The flexible budget considers different production and sales levels, unlike the fixed budget model.
In this situation, the basis for allocating the variable manufacturing overhead is the budgeted machine hours and not the units produced.
Budgeted output = 43,500 units
Budgeted machine-hours = 17,400 hours
Budgeted variable manufacturing overhead costs = $382,800
Budgeted overhead cost per machine hour = $22 ($382,800/17,400)
Actual output = 45,500 units
Actual machine-hours used = 14,500 hours
Actual variable manufacturing overhead costs = $435,709
Flexible variable manufacturing overhead costs = $319,000 ($22 x 14,500)
Flexible-budget variance for variable manufacturing overhead = $116,709 U ($319,000 - $435,709).
Thus, Majestic Corporation incurred more variable manufacturing overhead than it should have under the flexible-budget model.
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firm x owns a grocery store and has acquired the paid parking lot outside the grocery store. in order to increase the traffic at the store the owners of the store should
The shop owner should expand his shop and parking lot.
A shop is a permanent building that is a place to sell goods. Meanwhile, grocery items are goods that are people's daily needs. Thus, a grocery store can be interpreted as a place for buying and selling goods for people's daily needs.
The products sold usually include basic ingredients such as rice, kitchen spices, toiletries, laundry soap, and so on. The grocery store character is also unique. The price given by the seller is usually cheaper than the market price or modern shop. In addition, buyers can interact directly with sellers to bargain prices. So, you could say grocery stores are included in the type of people's business that is very important in economic development.
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If you were graduating college and wanted to be able to find a job in georgia in the fastest growing industry with the best pay, which industry should you choose?.
The best choice if you are looking for a job in Georgia which is the fastest growing industry with the best pay is Technology industries . Technology industries have several types, the most common types is IT.
The technology sector can be described as a comprised of businesses that sell goods and services in electronics, software, computers, artificial intelligence, and other industries related to information technology (IT). The technology sector offers a wide range of services and products for both customers and other businesses. Consumer goods like personal computers, home appliances, mobile devices, wearable technology, televisions, and so on are continually being improved and sold to consumers with new features.
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consider the following transactions associated with accounts receivable and the allowance for uncollectible accounts. required: for each transaction, indicate whether it would increase, decrease, or have no effect by leaving the cell blank, on the account totals. (hint: make sure the accounting equation, assets
Providing services on account will increase the assets, stockholder equity, and revenues. When you borrow money from a bank, your cash account and loan payable account will both be debited.
As a result, while the loan payable account will raise total liabilities, the cash account will increase total assets. Estimated uncollected accounts will decrease the amount of the assets and it will also decrease the stockholder's equity as it will increase the expenses.
Meanwhile while balancing the accounting equation, purchasing Goods on Credit will result in an increase in stock on the asset side and an increase in creditors on the liability side.
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nikki bowles, recently promoted to a frontline management position, quickly learned that her manager, tim davis, would often delegate decision making to her. tim told her, "i want you to make as many decisions at your level as possible, because
As Tim Davis would often delegate decision making to her, he will most likely told her, "I want you to make as many decisions at your level as possible, because you deal directly with problems and opportunities and thus have the most relevant information."
What is known as a delegation?In management, a delegation refers to the assignment of authority to another person to carry out specific activities. It is also defined as a process of distributing, entrusting work to another person, and this is known as one of the core concepts of management leadership.
The process of delegation involves the managers deciding which work they should do themselves and which work should be delegated to others for completion. So, from a managerial view, a delegation involves shifting project responsibility to team members and by giving them opportunity to finalize the work product effectively with a minimal intervention.
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the four elements of comparison used in the sales comparison approach include the terms and time of sale, as well as location and physical elements about the property.
The four elements of comparison used in the sales comparison approach include the terms and time of sale, as well as location and physical elements about the property are location, square footage, age, condition, lot size, and sale date.
What are the elements of a sales comparison approach?The sales approach evaluates a subject property against recently sold comparable properties that are similar. The sales comparison technique, also referred to as the SCA, considers property attributes such location, square footage, age, condition, lot size, and selling date. Finding comparable houses that have recently sold, are presently under contract, or are on the market is the first stage in the sales comparison strategy. Making modifications based on variances between the home being evaluated and the comparables is crucial for determining a home's value more precisely. Sales comparison methodology -The method by which the market estimate is created by researching comparable properties on the market. The market worth of a property is directly correlated with the prices of Similar, competing properties, which is a key tenet of the sales comparison approach.
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using a 3-year weighted moving average in which the registrations in the most recent year are given a weight of 2, and registrations in the other 2 years are each given a weight of 1, the forecasted registrations (in thousands) for years 4 through 12 are (round your responses to one decimal place):
when kendra's manager asked the team to come up with new ideas for attracting people to their trade show booth, kendra suggested installing a video game in the booth. which part of the rational decision-making process does kendra's idea exemplify? multiple choice question.
The analytical decision-making process Kendra's idea exemplifies.
Analytical selection-makers cautiously analyze data to come up with an answer. They're cautious and adaptable thinkers. they may invest time to glean records to shape an end.
Those decision-makers are assignment-oriented but have a high tolerance for ambiguity.
The four classes of decision making
1] Making habitual choices and judgments. whilst you go shopping in a grocery store or a department save, you normally select from the goods before you.
2] Influencing results.
three] setting aggressive bets.
4] Making strategic selections.
The constraint of choice-making research.
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Select the correct answer.
Aster Inc. invested $20,000 in bonds that will mature in eleven months. Where will Aster record this investment?
A. current assets
B. fixed assets
C. investments
D. owner’s equity
The investment might be either a short-term investment or a long-term investment from the perspective of the accounting period.
The required details for short-term investment in given paragraph
If you hold an investment for less than a year, it is considered short term. In the example provided, Aster Inc. spent $20,000 in bonds that will mature in eleven months, making this investment a short-term investment that should be recorded under the heading "Investment." Short-term investments frequently come in the form of certificates of deposit (CDs), money market accounts, high-yield savings accounts, government bonds, and Treasury bills.
Short-term investments often have lower rates of return, are very liquid, and allow investors to swiftly withdraw money if necessary. Financial investments with a short term horizon are those that are easily convertible to cash.
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Paulette, quentin, and rosie each donated money to a charity. Paulette gave as much money as quentin and rosie gave together. If quentin had given three times more than he gave, he would have given $40 more than paulette. And if rosie had given $20 less, she would have given half as much as paulette. How much did paulette give?.
Paulette gave an amount of $200
The given problem will be solved by the concept of a mathematical equation
Let the amount that Paulette gave = p
Let the amount that Quentin gave q
Let the amount that Rosie gave = r
Framing the three equations:
p= q+ r
3q= p+ 40
q = p +40/3
r– 20) = p/2
2r - 40 = p
Substitute q+ r for p into the second and third equations:
3q= q+ r+ 40 2r– 40 = q+ r
Simplify both equations:
2q= r+ 40 r– 40 = q
Now substitute r– 40 for q into the equation 2q = r+ 40 and solve for r:
2(r– 40) = r+ 40
2r– 80 = r+ 40
r– 80 = 40
r= 120
Substitute 120 for r in the equation 2r– 40 = p and solve for p:
2(120) – 40 = p
240 – 40 = p
200 = p
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When marketers evaluate the attractiveness of each potential segment and decide in which of these groups they will invest resources to try to turn them into customers, they are engaging in ________.
When marketers evaluate the attractiveness of each potential segment and decide in which of these groups, they are engaging in targeting.
A serviceable obtainable market also known as a target market, can be defined as a group of customers within a business's serviceable available market at which a business aims its marketing efforts and resources. A serviceable obtainable market is a subset of the total market for a service or product. Target market used to helps increase the effectivity of the campaign.
There are 5 different types of targeting, such as:
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check my work if your firm expects the euro to substantially appreciate, it could speculate by euro call options or euros forward in the forward exchange market. a. purchasing; selling b. selling; purchasing c. selling; selling d. purchasing; purchasing
Firm expects the euro to substantially appreciate, it could speculate by euro call options or euros forward in the forward exchange market is purchasing; purchasing.
19 of the EU's 27 member states use the euro as their official currency (symbol: €; code: EUR) (EU). As of 2019, there are over 340 million inhabitants living within the so-called eurozone, also known as the euro region, which is a collection of states. One euro is equal to one hundred cents.
Akrotiri and Dhekelia are British Overseas Territories, four European microstates that are not EU members, the institutions of the European Union, as well as Montenegro and Kosovo unilaterally utilize the currency. Numerous exclusive areas of EU members also use the euro as their currency outside of Europe. Additionally, the euro is the currency used by more than 200 million people globally.
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larry purchased an annuity from an insurance company that promises to pay him $6,500 per month for the rest of his life. larry paid $626,340 for the annuity. larry is in good health and is 72 years old. larry received the first annuity payment of $6,500 this month. use the expected number of payments in exhibit 5-1 for this problem.
His executor will be entitles to deduct the remaining amount is $268840 on larry's final tax return.
Tax
A tax is a mandatory financial charge or other type of levy imposed on a taxpayer by a governmental organisation to fund government spending and various public expenditures, and tax compliance refers to policy actions and individual behaviour aimed at ensuring that taxpayers pay the correct amount of tax at the correct time and receive the correct tax allowances and tax reliefs. Taxes can be direct or indirect, and they can be paid in cash or in labour equivalents.
Expected return multiple based on age group(age 72)
= 14.60
No. of annual payments= 12
Expected value of payments= 14.60 [tex]\times[/tex] 12 [tex]\times[/tex] $6500
= $ 1138800
Exclusion percentage =$626340/$1138800
=55%
Exclusion amount= $6500[tex]\times[/tex]55%
=$3575
Amount to be deducted= $626340-(100[tex]\times[/tex] $3575)
= $626340 - $357500
= $268840
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suppose that towns collect resources from their surroundings. then, through trade, they attempt to obtain other desirable items. mortarville, an urban town that specializes in brick and ore, wants wood to build roads so that it can expand and connect to other major cities. mortarville has a willingness to pay $50 for wood, since wood is hard for them to obtain. mayflair also needs wood to build grain silos for their wheat harvests. mayflair is willing to pay $45 for wood. timber, the only foresting company, sets the price of wood at $60 .
The change in total surplus that arises due to trades between TIMBER and the tows is equal to zero
What is total surplus?A market's overall surplus serves as a gauge for the general well-being of all members. Combined consumer and producer surplus make up this amount. Consumer surplus is the gap between what customers are prepared to pay and what they actually pay for a good.
Entire benefits minus total expenses can be used to compute total market surplus. The area between our marginal benefit and marginal cost, limited by quantity, is another option. Finding the difference between marginal benefits and marginal costs at each level of production is equal to doing this.
There is no commerce since the price of wood is more than what the market will bear. In order for trade to take place, either some of the participants will boost their demand and accept the price of $60 and then search for a different supplier, or consider producing for themselves. Timber may also drop the price of the wood so that trade takes place.
The complete question is written below.
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Suppose that towns collect resources from their surroundings. Then, through trade, they attempt to obtain other desirable items. Porterville, an urban town that specializes in brick and ore, wants the wood to build roads so that it can expand and connect to other major cities. Porterville has the willingness to pay $ 50 $50 for wood since wood is hard for them to obtain. Mayfair also needs wood to build grain silos for their wheat harvests. Mayfair is willing to pay $ 45 $45 for wood. Timber, the only foresting company, sets the price of wood at $ 60 $60. The change in total surplus that arises due to trades between TIMBER and the tows is________.
-less than zero
-equal to zero
-greater than zero
selection of the best option in decision making is often a blank procedure because many situations do not lend themselves to quantitative analysis.
The best option in decision-making is often a subjective procedure because many situations do not lend themselves to quantitative analysis.
In analytical chemistry, quantitative analysis is the determination of the absolute or relative amount of one, some, or all specified substances present in a sample.
Quantitative Analysis (QA) is a technique that uses mathematical and statistical modeling, measurement, and research to understand behavior. Quantitative analysts represent a given reality numerically.
In business and management, qualitative analysis uses subjective judgments to assess a company's value and prospects based on non-quantifiable information such as management expertise, industry cycles, R&D strengths, and industrial relations.
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According to a gartner survey, what percentage of executives would allow at least a portion of their workforce to continue telecommuting after the 2020 global pandemic?.
Gartner CFO Survey Reveals 74% Intend to Shift Some Employees to Remote Work Permanently.
What is workforce?Workforce planning is the process of analysing, forecasting, and planning workforce supply and demand, identifying gaps, and selecting targeted talent management interventions to make sure an organisation has the right people, with the right skills, in the right places at the right time, to carry out its mission.
The labour force is made up of all employees as well as employers who pay employees, persons who are unemployed but looking for work, and other individuals. The labour force would include a job seeker, but she would not be regarded as an employee.
We define the workforce experience as "the sum of a human's lived experiences at work and how they feel about their organisation" and think there are eight key relationships that affect a worker's experience at an organisation, two of which have recently been incorporated into our leading practise perspective.
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Assignment Overview
The manufacturing sector of our economy is so large, and the career opportunities so varied, that we need a way to narrow down the field for easier exploration. One way to do that is to start with an industry within a manufacturing subsector.
Assignment Directions
Step 1:
Through online research, select one manufacturing industry within one of the subsectors listed in this lesson for further research. For example, in the food manufacturing subsector, you might choose dairy product manufacturing or seafood product preparation and packaging. You can find lists of industries in each subsector at the U.S. Department of Labor’s Bureau of Labor Statistics.
Step 2:
Describe the industry, including what it does and its outlook for the future.
Step 3:
Summarize the types of jobs and career opportunities the industry offers.
Step 4:
Choose one career in the industry of your choice. Describe the career, including its role in the manufacturing process, the tasks a person in this career performs, the education and experience required to pursue this career, and its long-term prospects for employment and growth.
Submission Requirements
On 3 to 5 PowerPoint slides:
Select one manufacturing industry.
Describe the industry.
Summarize the types of jobs/career opportunities it offers.
Choose and describe one career in that industry.
The manufacturing sector of our economy is quite large and so we need a way to narrow down the field for easier exploration. So here, dairy product manufacturing sector is choosed.
In the manufacturing sector of our economy there are many different industries included, among which here, dairy product manufacturing sector is choosed to be discussed further.
Dairy product manufacturing is the process of fermentation of milk which is done by using suitable microorganisms to reach a desired level of acidity. Thus, the fermented products include yoghurt, dahi, koumiss, kurut, tarag, and kefir.
Hence, the dairy scientists tend to work to efficiently, safely in order to produce and process dairy foods such as cheese, milk, eggs and yogurt.
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theresa is a(n) for capital clinic services. she has worked for the company for 20 years and is widely respected and trusted. in this position, she hears grievances on a confidential basis and attempts to arrange a solution.
Theresa work role is known as ombudsman as she has worked for the company for 20 years and is widely respected and trusted in a position where she hears grievances on a confidential basis and attempts to arrange a solution.
What is known as an ombudsmanship?In a conflict resolution, an ombudsman refers to the man/woman who investigates complaints and mediates fair settlements, especially between the aggrieved parties such as consumers or students and an institution or organization.
As a government official (such as in Scandinavian countries), the ombudsman are who investigates citizens' complaints against the government or its functionaries.
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zachary corporation is a manufacturing company that makes small electric motors it sells for $49 per unit. the variable costs of production are $25 per motor, and annual fixed costs of production are $528,000.
The point at which total cost and total income are equal, or "even," is known as the break-even point in economics, business, and specifically cost accounting. Despite opportunity costs being covered and capital receiving the risk-adjusted, expected return, there is no net loss or gain, and one has "broken even."
The formula is as follows to determine the break-even point in units: Break-Even point (in units) = Fixed Costs (Sales price per unit – Variable costs per unit)
Break-Even point (in units)= 528000/(49-25)
= 22000 units
Break-Even point (in units)= 72000/ (49-25)
= 3000
Break-Even point (in units)= 72000/ (45 - 25)
=3600
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The complete question is:
Zachary Corporation is a manufacturing company that makes small electric motors it sells for $49 per unit. The variable costs of production are $25 per motor, and the annual fixed costs of production are $528,000. Required How many units of the product must Zachary make and sell to break even? How many units of the product must Zachary make and sell to earn a $72,000 profit? The marketing manager believes that sales would increase dramatically if the price were reduced to $45 per unit. How many units of the product must Zachary make and sell to earn a $72,000 profit, if the sales price is set at $45 per unit?
If juul simply settled on suspending all broadcast, print, and digital product advertising in the united states instead of finding other, more creative solutions to the youth vaping epidemic, they would be exercising.
It can be inferred If Juul simply settled on suspending all broadcast, print, and digital product advertising in the united states instead of finding other, more creative solutions to the youth vaping epidemic, they would be exercising "satisficing." (Option A)
What is Satisficing?Satisficing is a decision-making method that seeks satisfactory rather than perfect results. Customers typically pick a product that is adequate rather than exceptional, a practice known as satisficing.
One disadvantage of satisficing is that no clear definition of what makes an adequate or tolerable result exists. And, rather than exploring alternative, more imaginative solutions to the adolescent vaping problem, Juul would be satisfied if they just halted all broadcast, print, and internet product advertising in the United States.
The problem does not stop because of terminated advertisements.
Cognitive heuristics, cognitive science, and neuropsychology all contribute to the notion of satisficing. It is used in a variety of domains, including business, artificial intelligence, and sociology.
When faced with a multiplicity of options for a certain requirement, a buyer would choose a product or service that is "good enough," rather than wasting effort and money on finding the best possible or optimal decision.
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Full Question:
If Juul simply settled on suspending all broadcast, print, and digital product advertising in the United States instead of finding other, more creative solutions to the youth vaping epidemic, they would be exercising
Multiple Choice
satisficing.
escalation of commitment.
intuition.
hubris.
groupthink
three years ago you purchased a share of computech stock for $32, which you could sell today at the current market price of $252. what would be your capital gain on the sale, ignoring commissions?
The capital gain on the sale, ignoring commissions is $220.
A capital gain can be defined as the increase in a capital asset's value and is realized when the asset is sold. Capital gains apply to any type of asset, such as investments and those purchased for personal use. The gain may be long-term (more than one year) or short-term (one year or less) and must be claimed on income taxes. The formula of capital gain, is:
Capital gain = final sale price - (transfer cost + indexed acquisition cost + indexed house improvement cost).
Capital gain = $252 - $32 = $220
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creation of a social media campaign for a new video game that will appeal to 12- to 16-year-olds is best described as what part of the final step in the marketing research approach, to take marketing actions?
Implement the action recommendations in the marketing research approach, to take marketing actions.
Marketing research is the systematic accumulating, recording, and evaluation of qualitative and quantitative data about troubles regarding advertising and marketing products and services.
The purpose is to identify and examine how converting elements of the advertising blend affects patron conduct.
Interviews are a commonplace type of primary market study that can be either in-depth or as easy as asking a question.
An instance of an interview in marketplace research is whilst a business calls a modern purchaser to invite how they are playing with a product they currently bought.
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A country produces 3000 new capital goods in a week. 500 of those replace worn out capital goods. what is the net investment made?
A country produces 3000 new capital goods in a week. 500 of those replace worn out capital goods. The net investment made is 2500.
An asset or object acquired with the intention of creating income or recognition is referred to as an investment. A purchase of goods that are not consumed right away but will be utilized to create wealth down the road is referred to as an investment in an economic outlook.
A company makes a capital investment when it buys tangible assets to utilize in achieving its long-term goals and objectives. Among the assets that are bought as capital investments are real estate, factories, and equipment.
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Billing errors, even small ones, can make customers quite upset. Therefore, maintaining high-quality data with regards to product pricing, discounts, and sales taxes benefits businesses most directly by _____.
Maintaining high-quality data with regard to product pricing, discounts, and sales taxes benefit businesses most directly by a computer.
An excise tax may be a tax paid to governance for the sales of bound goods and services. sometimes laws permit the vendor to gather funds for the tax from the patron for the purpose of purchase. once a tax on goods or services is paid to a governing body directly by a consumer, it's usually known as a use tax.
Conventional or retail sales tax is levied on the sale of an honest to its final end-user and is charged on every occasion that item is oversubscribed retail. Sales to businesses that later sell the products don't seem to be charged the tax. A purchaser who isn't an associate degree end-user is sometimes issued a "resale certificate" by the burdensome authority and needed to supply the certificate (or its ID number) to a trafficker for the purpose of the purchase, besides a press release that the item is for resale.
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the principle purpose of project milestones is to: . a. keep the project on track b. assure management that the project team is busy c. accumulate information for the final report d. reward the team with a management presentation
The correct option is (A)
The principal purpose of project milestones is to keep the project on track.
What are project milestones?A milestone is a precise time within the life cycle of a project that is used to gauge its advancement toward its end objective. In project management, milestones serve as signposts for a project's start and completion dates, external evaluations and input, financial audits, the submission of a key deliverable, etc.
Here are a few typical project milestone illustrations:
completing crucial project deliverables, including the initial iteration of your software. When a crucial project phase, such as the "planning phase" or "designs phase," begins or ends. a critical occurrence, such as project sponsor approval, that gives the project the go-ahead.
Project milestones are specific times in your calendar that indicate a significant accomplishment or the end of a crucial stage in the project. Project milestones are crucial for guaranteeing efficient administration and guiding the team.
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data must be converted into information to be considered useful and meaningful for decision making. there are 14 characteristics that make information both useful and meaningful. if information is free from error or bias and accurately represents the events or activities of the organization, it is representative of the characteristic of group of answer choices relevancy. timeliness. understandability. accurate.
If the information is free from error or bias and accurately represents the events or activities of the organization, it represents the characteristics of the answer choice group Verifiability.
Verifiability is a characteristic of financial information in such a way that the information can be confirmed by source documents. For example, an outside auditor must be able to prepare the same financial statement results as a client, using the same set of financial records and using the same assumptions applied by the client. When financial statements are verifiable, it assures users of the reports that they are fairly representative of the underlying business transactions.
Verification cannot be achieved without knowing the assumptions used in the preparation of financial statements. For example, depreciation expense calculated by a third party may differ from that calculated by a business, depending on the projected useful life and assumed salvage value. Not only does it involve more than duplicating the results reported by others, but verifiability also involves deciding whether the assumptions used by the other party are reasonable. It is likely that the auditor examining the client's financial statements will conclude that the client is making incorrect assumptions.
Another aspect of verification is that the business provides clear documentation of how the numbers came to be. By examining these documents, one can see if there is a logical flow from the source documents to the financial statements.
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what is the incremental manufacturing cost incurred if the company increases production from 21,500 to 21,501 units? (round your answer to 2 decimal places.) total incremental manufacturing cost
The company will incur an additional manufacturing expense of $15.50 if production is increased from 21,500 to 21,501 units.
What is the incremental manufacturing cost?The overall expense incurred as a result of producing one extra unit of a product is known as the incremental cost. The cost of an incremental unit of production is calculated by examining the additional costs incurred during the production process, such as raw materials.
How are incremental production costs determined?Calculate the cost difference between producing one unit and making two of them in order to find the additional cost. $80.00 is the result of subtracting the cost of creating one unit ($100.00) from the total cost of generating two units ($180.00).
In the above question:
incremental manufacturing cost
Inconsequential are fixed production overheads
Direct materials $8.00
Direct labor $5.00
Variable manufacturing overhead $2.50
Total $15.50
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The complete question is:
Kubin Company's relevant range of production is 20,000 to 23,000 units. When it produces and sells 21,500 units,its average costs per unit are as follows:
Direct materials $8.00 per unit
Direct labor $5.00 per unit
Variable manufacturing overhead $2.50 per unit
Fixed manufacturing overhead $6.00 per unit
Fixed selling expense $4.00 per unit
Fixed administrative expense $3.50 per unit
Sales commissions $2.00 per unit
Required:
a. What is the incremental manufacturing cost incurred if the company increases production from 21,500 to 21,501 units?