1. A four-day workweek typically requires employees to work A. four ten-hour days
2. After taking guitar lessons for a short period of time, you can state that you are developing a(n) aptitude for playing a guitar.
What is an aptitude?An aptitude is a component of competence to perform a specific type of work at a specific level. Outstanding aptitude can be classified as "talent." Aptitude is the inborn ability to perform specific types of activities, whether physical or mental, developed or undeveloped.
Aptitudes are a person's innate talents and abilities for learning or doing certain things in various areas. A person's ability to carry a tune, for example, is considered an aptitude. Most people have a variety of related skills, such as singing, reading music, and playing an instrument.
It should be noted that there are typically 40 working hours in a week. Therefore, if there are 4 working days. The number of hours worked will be:
= 40/4
= 10
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Which of the following is true about filling out a job application? Select all that apply.
O do not leave any blank spaces
0 exclude information about being fired from a job
O only submit handwritten job applications
Ouse neat handwriting
Owrite in a list of references
Answer: neat writing ,do not leave blank spaces , write in a list of references
Explanation:
Kensington Corporation provided the following information from the standard cost sheet of one of its products:
Variable overhead: 4 hours × $4.00 per hour $16.00
Fixed overhead: 4 hours × $6 per hour $24.00
The following information is available regarding the company's operations for the period:
Units produced: 11,000
Direct labor: 45,000 hours costing $660,000
Overhead incurred:
Variable $189,000
Fixed $250,000
The budgeted fixed overhead for the period is $240,000, and the standard fixed overhead rate is based on an expected capacity of 40,000 direct labor hours.
Required:
Compute the following variances: [Label them as favorable (F) or unfavorable (U).]
1. Variable Overhead Spending Variance
2. Variable Overhead Efficiency Variance
3. Fixed Overhead Spending Variance
4. Fixed Overhead Volume Variance
1. Variable Overhead Spending Variance is unfavorable at $9000
2. Variable Overhead Efficiency Variance is unfavorable at 4000 dollars
3. Fixed Overhead Spending Variance $10000 This is unfavorable
4. Fixed Overhead Volume Variance is $24000. This is favorable
How to solve for the varianceWe have 45000 as the hours worked
solve for Actual variable overhead rate = 189000 / 45000 = 4.20 dollars
overhead rate = 4 dollars
11000 x 4 hours = 44 hours
a. The overhead spending variance
45,000 hours * ($4.20 - $4 per hour) = $9,000 this is unfavorable
Variable Overhead Spending Variance is unfavorable at $9000
b. Variable Overhead Efficiency Variance
= 45000 - 44000 x 4$
= 1000 x 4
= 4000 dollars
This is unfavorable
Variable Overhead Efficiency Variance is unfavorable at 4000 dollars
c. Fixed-overhead spending variance
= $250,000 - $240,000
= $10000
This is unfavorable
Fixed Overhead Spending Variance $10000 This is unfavorable
d. Fixed-overhead volume variance
$240,000 / 40,000 = 6dollars/hr
44,000 hours * $6 = $264000
$264000 - 240000
= $24000
This is favorable.
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imagine an economist makes this statement. "A country such as the u.s can have a large overall GDP, but it is more important to have a high per capita GDP, such as Luxembourg". Explain the rationale behind the economist statement.
Even though the US might have a higher GDP when compared to Luxemburg, its standard of living would be lower than Luxemburg if A has a higher per capita GDP.
What is per capita GDP?
GDP is an abbreviation for gross domestic product. GDP measures the total sum of final goods and services that is produced in a country in a year.
Per capita GDP is the GDP of a country divided by the population of that country. Standard of living is measured by per capita GDP. The higher the GDP per capita, the higher the standard of living.
Per capita GDP = GDP / population
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Gain sharing is an employee benefit that provides
Gainsharing empowers employees to select how to improve their individual and collective performance. It also broadens employees' attention beyond their personal interests.
Gainsharing a contract that defines the vendor's commitment to the client in terms of particular business advantages. A contract of this type also specifies the payment the client will make based on the vendor's performance in delivering specified business advantages. A profit-sharing plan not only inspires employees to give their best effort, but it also instils in them a sense of accomplishment at work. This has secondary benefits such as fewer staff attrition and, as a result, less time and money spent on training new employees.
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a change in supply is represented by a ______ the supply curve while a change in quantity supplied is represented by a _______ the supply curve.
A change in supply is represented by a shift of the supply curve while a change in quantity supplied is represented by a movement along the supply curve.
The supply curve depicts the relationship between the cost of a good or service and the quantity supplied over a given time period. On most supply curves, as the price of goods rises, so does the quantity of goods supplied.
Supply curves can often predict whether a commodity's price will rise or fall in response to demand, and vice versa. For products with a more elastic supply, the supply curve is shallower (closer to horizontal) and steeper (closer to vertical) for products with a less elastic supply.
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what shapes would you generally expect each of the following cost curves to have: fixed costs, variable costs, marginal costs, average total costs, and average variable costs?
Shapes would i generally expect each of the following cost curves to have
fixed cost: straight horizontal line (it's the y-intercept)variable costs: U-shaped (?)marginal costs: J-shapedaverage total costs: U-shapedaverage variable costs: U-shaped (below ATC)A cost curves is a graph of the charges of manufacturing as a feature of total quantity produced. In a loose market economy, productively efficient companies optimize their manufacturing manner by minimizing fee consistent with each possible stage of manufacturing, and the end result is a value curve.
The total fee curves (TC and ATC curves) are tormented by a fee change for any component of manufacturing. We make no distinction among constant and variable expenses in the long run as long as the longer term average general value curve (LRAC) is declining, then inner economies of scale are being exploited.
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please please please help me
a) A decrease of 7.9% in material (supply-chain) costs is required to yield a profit of $40,000, for a new material cost of $58,000.
b) An increase of 3.6% in sales is required to yield a profit of $40,000, for a new level of sales of $145,000.
How are the percentages determined?For the supply chain improvement, we can increase the profit to $40,000 by reducing the cost of materials to $58,000 ($63,000 - $5,000).
This reduction translates to a 7.9% cost improvement ($5,000/$63,000).
We apply the break-even sales revenue with the target profit for the sales strategy.
This analysis shows that Sales revenue needs to increase to $145,000, which is a 3.6% ($145,000 - $140,000/$140,000) improvement.
Current profit level = $35,000
Expected profit level = $40,000
Percent Supply % Sales
Current Situation Amount ($) of sales Chain Strategy
Sales 140,000 $140,000 $145,000
Cost of material 63,000 (45%) 58,000 41.4% 63,000
Production cost 35,000 (25%) 35,000 25% 35,000
Contribution margin 42,000 (30%) $47,000 33.6% $47,000
Fixed cost 7,000 (5%) 7,000 5% 7,000
Profit 35,000 (25%) $40,000 28.6% $40,000
a) Percentage improvement in supply chain strategy = 7.9% [1 - ($63000 - $5,000/$63,000 x 100)]
The cost of the material with a $40,000, profit will be $58,000 ($63,00 x 1 - 7.9%).
b) Percentage improvement in the sales strategy = 3.6%
Break-even Sales = Fixed Costs + Target Profit/Contribution margin ratio
= $7,000 + $40,000/32.4%
= $25,000/32.4%
= $145,000
Required improvement in the sales strategy = 3.6% ($5,000/$140,000 x 100)
Sales with an improvement of 3.6% = $145,000 ($140,000 x 1.036)
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Market research can help entrepreneurs _____.
When we have a product on the market and we want to investigate it, we must establish a research objective to direct all our actions to achieve that objective as shown in the following example:
If we have a product and we see problems in its sale, the most appropriate thing would be to carry out a market investigation in which we can identify the origin of the problem (why my product is not sold - objective)
What is marketing research?
Marketing research is "a process or combination of procedures that links producers, customers, and end consumers to the marketer through data used to discover and define market opportunities and issues; develop, improve, and evaluate marketing actions"
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Wanda Sotheby purchased 185 shares of Home Depot stock at $72 a share. One year later, she sold the stock for $82 a share. She
paid her broker a commission of $47 when she purchased the stock and a commission of $54 when she sold it. During the 12 months
she owned the stock, she received $144 in dividends. Calculate Wanda's total return on this investment.
Dur-ing the 12 months she own-ed the stock, she rece-ived $144 in dividends. Wan-da's total return on this investment is $1,893.
What Is Return on Investment (ROI)?Return on investment (ROI) is a perform-ance measure used to evalu-ate the efficiency or profitability of an invest-ment or comp-are the efficiency of a number of differ-ent investments. ROI tries to directly mea-sure the amount of return on a part-icular investment, relat-ive to the investment’s cost.
Solution:
1. Total cost of purchase
= (Price per sh-are × Number of sha-res) + Com-mission
= ($72 × 185) + $47
= $13,367
2. Total sale pro-ceeds = (Price per share × Num-ber of shares) - Com-mission
= ($82 × 185) - $54
= $15,116
3. Total return = Dividends + Capital gain
= $144 + ($15,116 - $13,367)
= $1,893
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airlines that offer lower fares on seats shortly before the flight’s departure date to fill empty seats are utilizing what type of pricing tactic?
Airlines that offer lower fares on seats
shortly before the flight's departure date
to fill empty seats are utilising Dynamic pricing.
Dynamic pricing can be defined as the
situation where a company or business
owner decide to change the price of the
product due to low demand or when the
price of a product is slice down or reduce
due to market demand for such product.
Based on the given scenario the airline is
making use of dynamic pricing due to low patronage so as to attract people.
In conclusion,airlines that offer lower fares on seats shortly before the flight's departure date to fill empty seats are utilising Dynamic pricing.
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which of the following items is most likely a short-term liability?
A. Bonds payable
B. Deferred income taxes
C. Finance lease covering 30-year term
D. Accounts payable
Account payable items is most likely a short-term liability.
Bonds payable, a 30-year finance lease, and deferred income taxes would all be paid overtime; therefore they are not current obligations.
nonetheless, accounts payable is probably a current liability.
What is finance lease?
A finance company is typically the legal owner of the asset for the duration of the lease in a finance lease, also known as a capital lease or a sales lease. The lessee has operational control over the asset as well as a portion of the financial risks and rewards associated with changes in the value of the underlying asset.
In further detail, it is a business relationship in which
The asset (equipment, software) will be chosen by the lessee (client or borrower);
The lessor (financial institution) will buy that asset;
Throughout the lease, the lessee will have access to that asset;
For the usage of the asset, the lessee will pay a series of rents or payments.
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