Labor costs that are clearly associated with employees who directly convert materials to finished product are called direct labor
What is direct labor?Direct labour are labor that are used for production.
It includes casual workers in factory, processing and packaging.
Therefore, Labor costs that are clearly associated with employees who directly convert materials to finished product are called direct labor
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Phil paid $75,000 for his house. It is insured for $65,000. The market value is $85,000. The outstanding mortgage balance is $68,000, and he has to pay annual real estate taxes of $2,000. When Phil lists his house on his balance sheet, he should record: Group of answer choices $75,000 $68,000 $65,000 $70,000 $85,000
When Phil lists his house on his balance sheet, he should record D. $85,000.
What is the value of an asset on the personal balance sheet?Since Phil is not a business entity, he should use the market value of the house to record it on the balance sheet.
The balance sheet shows the current financial position (assets and liabilities) at a point.
Data and Calculations:House price = $75,000
Insurance = $65,000
Market value = $85,000
Outstanding mortgage balance = $68,000
Annual real estate taxes = $2,000
Thus, when Phil lists his house on his balance sheet, he should record D. $85,000.
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In a market system, scarce goods are allocated by multiple choice 1 market prices that are determined by consumers and producers acting in the public interest. fixed prices that are determined by consumers and producers acting in the public interest. market prices that are determined by consumers and producers acting in their own self-interest. estimated prices that are determined by consumers and producers acting in their own self-interest.
In the market system, scarce resources are allocated by the market prices which are determined by consumers and producers acting in their own self-interest. Therefore, Option C is the correct choice.
What is allocation of scarce resources?Resource allocation is the assignment of available sources to diverse uses. In the context of a whole economy, sources may be allotted with the aid of using diverse means, inclusive of markets, or planning.
Therefore, In the market system, scarce resources are allocated by the market prices which are determined by consumers and producers acting in their own self-interest. Option C is the correct choice.
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Durango Co. had a beginning cash balance of $4,000, total cash receipts of $110,000 and total cash disbursements of $112,500. The company can borrow in $1,000 increments. If Durango desires an $8,000 ending cash balance, the total amount they need to borrow is ______.
If Durango desires an $8,000 ending cash balance, the total amount they need to borrow is $7500.
Total amount to borrowFirst step
Cash balance=Beginning cash balance+ Cash receipts- total cash disbursements
Cash balance= 4,000+110,000-112,500
Cash balance= 1,500
Second step
Total amount to borrow=Ending cash balance-Cash balance+Increment
Total amount to borrow=$8000-$1500+$1000
Total amount to borrow=$7500
Therefore the total amount they need to borrow is $7500.
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In recording an accrual adjusting entry to account for revenues earned but not yet collected, ______.
Answer:
An asset is increased.
Explanation:
In recording an accrual adjustment to account for revenues earned but not yet collected: -An asset is increased since cash will be collected at a later date.
Quinoa farms just paid a dividend of $2.95 on its stock. the growth rate in dividends is expected to be a constant 3.4 percent per year indefinitely. investors require a return of 15 percent for the first three years, a return of 13 percent for the next three years, and a return of 11 percent thereafter. what is the current share price
Based on the dividend growth rate and the required return on Quinoa Farms stock over the years, the current share price is $34.93.
What is Quinoa farm's current stock price?This is the sum of the present values of the dividends using the various required returns.
The dividends for the years are:
Year 1:
= 2.95 x ( 1 + 0.034)
= $3.0503
Year 2:
= 3.0503 x ( 1 + 0.034)
= $3.1540
Year 3:
= 3.154 x 1.034
= $3.2612
Year 4:
= 3.2612 x 1.034
= $3.3721
Year 5:
= 3.3721 x 1.034
= $3.4868
Year 6:
= 3.4868 x 1.034
= $3.6053
Year 7:
= 3.6053 x 1.034
= $3.7279
This allows us to calculate the terminal value at year 6:
= 3.7279 / (11% - 3.4%)
= $49.05
The current price is:
= 3.0503 / 1.15 + 3.1540 / 1.15² + 3.2612 / 1.15³ + 3.3721 / (1.15³ x 1.13) + 3.4868 / (1.15³ x 1.13²) + 3.6053 / (1.15³ x 1.13³) + 49.05 / (1.15³ x 1.13³)
= $34.93
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An investment in labor helps a business increase productivity by:
An investment in labor helps a business increase productivity by bringing in more people to make a product.
What is an investment?It should be noted that an investment simply means a process or action that's used to generate revenue.
In this case, an investment in labor helps a business increase productivity by bringing in more people to make a product.
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Your utility expense grew from $233 to $267. in the same period, your staffing expense grew from $1,266 to $1,411. which expense had the higher percentage growth rate?
Answer:
Staffing expense
Explanation:
Staffing expense had the higher percentage growth rate
(233/267) × 100 = 87.265917603
(1266/1411) × 100 = 89.7236002835
In the dell case study, engineers working closely with marketing, used lean software development strategies and numerous technologies to create a highly scalable, singular ________.
In the dell case study, engineers working closely with marketing used lean software development strategies and numerous technologies to create a highly scalable, singular data mart.
What is Marketing?This refers to the act of promoting a business or a good or service to the general public.
Hence, we can see that based on the Dell case study, there was the use of software development strategies to make and develop a highly scalable, singular data mart.
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What measures the change in prices of a basket of goods and services in a given year?
O A. recession
O B.
depression
O C.
deflation
O D.
inflation
The measures that change in prices of a basket of goods and services in a given year include option D: inflation.
What do you mean by term Inflation?The term inflation is defined as the rise in the prices of goods and services in an economy.
The average change over time in the prices paid by urban consumers for a market basket goods and services of consumer is measured by the consumer price index.
Therefore, correct option is D.
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What percentage of your taxes went to funding public safety? a. 10.49% b. 12.06% c. 11.72% d. 8.94%
The 10.49% portion of our taxes is allocated to fund public safety.
What is public safety?This refers to the general protection of the general public's well-being by the police officers, firefighters etc.
Hence, the 10.49% portion of the population's taxes is allocated to fund the public safety.
Therefore, the Option A is correct.
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state any two functions of government office
Answer:
The government office has the following functions:
To overlook all government activities at a given area.To maintain peace,order and involvement of citizens to government decision.Berry company is an architectural firm located in detroit, michigan. the company works with small and medium-size construction businesses to prepare building plans according to the client's contract. the following data are provided for the previous year: number of designs completed and sold 700 designs beginning inventory of direct materials $20,000 beginning inventory of designs in process 60,000 ending inventory of direct materials 10,000 ending inventory of designs in process 100,000 purchases, direct materials 40,000 direct labor 800,000 manufacturing overhead 100,000 administrative expense 150,000 selling expense 60,000 beginning inventory of finished designs 300,000 ending inventory of finished designs 280,000 required: 1. calculate the cost of goods manufactured. 2. calculate the cost of goods sold. 3. assume that the average fee for a design is $2,100. prepare an income statement for berry. 4. conceptual connection: refer to the cost of goods sold (calculated in requirement 2). what is the dominant cost
The cost of goods manufactured and the cost of goods sold will be $910000 and $930000 respectively.
How to calculate the cost?Begining direct material inventory = 20000
Direct material purchase = 40000
Direct materials available = 60000
Ending inventory = -10000
Direct materials used = 50000
Direct labor = 800000.
Total factory overhead = 100000
Total manufacturing cost= 95000
Begining design = 60000
Ending design in process = -100000
Cost of goods manufactured = 910000
Beginning finished goods inventory = 300000
Ending finished goods inventory = -280000
Cost of goods sold = 930000
The dominant cost in the cost of goods sold is the direct labor cost of $800,000.
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find the differential coefficient of 3x power 2
The differential coefficient of 3x power 2 is mathematically given as
n=6
What is the differential coefficient of 3x power 2 ?
Generally, the equation for the statement is mathematically given as
F(x)=3x^2
Therefore
F(x)=3x^2
F(x)'=6x
dy/dx=6x
In conclusion, the differential coefficient of 3x power 2 is
n=6
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Tyler, a self-employed taxpayer, travels from Denver to Miami primarily on business. He spends five days conducting business and two days sightseeing. His expenses are $400 (airfare), $150 per day (meals at local restaurants), and $300 per night (lodging). If required, round your answers to the nearest dollar. What are Tyler's deductible expenses in the below year: 2023 $fill in the blank 1 2022 $fill in the blank 2
The deductible expenses for Tyler in these years are:
2023 = $22752022 = $2650How to solve for the deductible expensesAir fare = 400 dollars
Lodging = 300 x 5
meals = 150 x 5 x 50%
Total in 2023 = 400 + 1500 + 375
= $2275
The deductible for 2022400 + 5x150 + 5x300
= $2650
Hence the total deductible in 2023 = $2275
and in 2022 = $2650
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While creating its afi strategy framework, gordon's consultants decided what markets the firm should compete in. by doing this, what type of strategy did the company devise
By deciding what markets should the firm compete in, the Gordon's Consultants devised corporate strategy.
What is a corporate strategy?A strategy, which is a part of functioning of a business organization and involves highly efficient decision-making for the purpose of achieving its organizational goals, is known as a corporate strategy.
Hence, the significance of corporate strategy is aforementioned.
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The Johnsons are purchasing their first family vehicle, a used 2012 Honda Odyssey, for $15,000. If they plan to save for the next 2 years (24 months), how much will they need to save each month?
Answer:
15000÷24 = 625 this is the answer
The Johnsons are purchasing their first family vehicle, a used 2012 Honda Odyssey, for $15,000. If they plan to save for the next 2 years (24 months),they need to save Rs.625 per month.
15000/24= 625
What is family?"family is a group of persons united by the ties of marriage, blood, or adoption, constituting a single household and interacting with each other in their respective social positions, usually those of spouses, parents, children, and siblings. The family group should be distinguished from a household, which may include boarders and roomers sharing a common residence. It should also be differentiated from a kindred (which also concerns blood lines), because a kindred may be divided into several households. Frequently the family is not differentiated from the marriage pair, but the essence of the family group is the parent-child relationship, which may be absent from many marriage pairs."
A family consists of an adult and his or her offspring. Most commonly, it consists of two married adults, usually a man and a woman (almost always from different lineages and not related by blood) along with their offspring, usually living in a private and separate dwelling. This type of unit, more specifically known as a nuclear family, is believed to be the oldest of the various types of families in existence. Sometimes the family includes not only the parents and their unmarried children living at home but also children that have married, their spouses, and their offspring, and possibly elderly dependents as well; such an arrangement is called an extended family.
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You own a small manufacturing business that produces widgets. You have spent $400,000 acquiring the fixed assets you need to produce widgets. Each widget costs you $3 to make and they sell for $25 each, so your variable cost is 12% of the overall revenue. At your current level of operating leverage, how many widgets must you sell to break even
At the current level of operating leverage, the small manufacturing business needs to sell 18,182 units of widgets to break even.
What is the break-even point?The break-even point is the level of production and sales required so that the entity does not incur any losses or earn any profits.
At the break-even point, the total costs (fixed and variable) equal the sales revenue.
Data and Calculations:Fixed assets = $400,000
Production cost of each widget = $3
Selling price per unit = $25
Variable cost per unit = $3 ($25 x 12%)
Contribution margin per unit = $22 ($25 - $3)
Break-even point in units = Fixed Costs/Contribution margin per unit
= 18,182 units ($400,000/$22)
Thus, at the current level of operating leverage, the small manufacturing business needs to sell 18,182 units of widgets to break even.
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Over the past forty years, the Federal Reserve has responded to high inflation by pursuing policy to _______________ the federal funds rate, and has responded to high unemployment by pursuing policy to _______________ the federal funds rate.
The Federal Reserve has responded by increasing the federal fund rate in high inflation and by decreasing the same rate in the higher unemployment situation during the span of forty years.
What is inflation?Inflation is the situation where the price of goods and services have been increased significantly and reduces the purchasing power of people.
The federal rate of funds enhances in the scenario of high inflation whereas the federal funds rate tends to decrease in the scenario of higher unemployment by the Federal Reserve in the economy of the US country.
Therefore, the federal fund rate rises in inflation and falls in unemployment as applied by the Federal Reserve.
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Which of the following aggregate planning strategies is known to lower employee morale? Group of answer choices back ordering during high demand periods counterseasonal product and service mixing changing inventory levels yield management varying work force size by hiring or layoffs
The planning strategies that is known to lower employee morale is varying work force size by hiring or layoffs.
What is Employee morale?Employee morale serves as the attitude as well as satisfaction that an employee shows in an organization, and this can be seen during their association with other employees as well as customers in that organization or a business.
Therefore , varying work force size by hiring or layoffs will reduce
Employee morale.
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How should disability payments, which are non-taxable, be analyzed in order to fairly calculate the customer’s ability to pay?.
The person's ability to pay is determined by your T-2 calendar year income is analyzed in order to calculate customer’s ability to pay.
What is disability payments?Disability payment are the payments given by the government of the nation for the people who are not able to work because of the major issue in their body. This payment has some criteria and based on that criteria a person is liable for liability payments benefits.
Thus, The person's ability to pay is determined by your T-2 calendar year
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What type of analytics takes past purchasing data as inputs into a model that recommends the best pricing strategy across all flights allowing an airline company to maximize revenue?
Prescriptive analytics takes past purchasing data as inputs into a model that recommends the best pricing strategy across all flights allowing an airline company to maximize revenue.
What do you mean by Prescriptive analytics?
Prescriptive analytics is the technique of the usage of information to decide an optimal direction of action. By thinking about all applicable factors, this form of evaluation yields pointers for subsequent steps.
Because of this, prescriptive analytics is a treasured device for information-pushed decision-making.
Therefore, Prescriptive analytics takes past purchasing data as inputs into a model that recommends the best pricing strategy across all flights allowing an airline company to maximize revenue.
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Victor works for a telemarketing company that is on a very tight budget. He has been tasked with finding a method for the company's employees to share, organize, and update their telemarketing records so other employees can follow up. Employee shifts are staggered. Many employees are never in the office at the same time and some work from home. What telecommunications technology can Victor's company use
The telecommunications technology that Victor's company can use is a wiki.
What is telecommunication?It should be noted that telecommunication simply means the communication over distance by cable, telegraph, or telephone.
In this case, the telecommunications technology that Victor's company can use is a wiki. This important for the communication.
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According to the feedback critique, multiple select question. market structure established market power. conduct of firms can affect market structure. market performance can affect conduct. market performance can affect market structure. market structure causes conduct.
All alternatives are correct in relation to the market structure.
What is the market structure?It corresponds to the capacity of a market and its form of operation, being integrated with all the market factors referring to the categorization of companies according to their niche of activity and that influence their operations.
Therefore, the market structure refers to the differentiation of a company in the competitive market.
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describe the importance of section officer
Answer:
Section officer are important to give and take the services , cater the services effectively , distribute work among the staff as evenly as possible , drafts laws , put up notes , prepare summaries , manage the relevant record and data of concerned department, reply to letters , communicate with other departments , maintain order and discipline in the section maintenance, etc
What would break the link between a linked table and the original database? Check all that apply.
Orenaming the original database
Osaving a copy of the table as another name
O moving the original database to another folder
O exporting a copy of the table to another database
O embedding a copy of the table in another database
The movement of the original database to another folder would break the link between a linked table and the original database.
What will the movement of the original database do?When the original database is moved, the linked table will be disrupted from synchronization with the database.
Hence, the movement of the original database to another folder would break the link between a linked table and the original database.
Therefore, the Option C is correct.
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Answer:
renaming the original database
moving the original database to another folder
Explanation:
I just did it :)
____________ risk refers to the danger of changes in buying power during times of rising or falling prices.
The risk refers to the danger of changes in buying power during times of rising or falling prices is known as inflation.
What is a risk?
Risk refers to the uncertainty or probability of an accidental event that will affect the decision-making of an individual or organization. In business the higher the risk, the higher the profit is achieved.
Inflation is defined as the ratio at which prices rise over time. Inflation is usually defined as a wide measure of price increases or increases in the cost of living in a place affecting its citizens.
Inflation diminishes the purchasing power of individuals which leads to high risk for investors who paid a fixed rate of interest on the investment. Most concerned about inflation-reducing returns are those individuals who invested in cash equivalents.
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Where can current exchange rates and trade information be found?
...the currency's representative exchange rate...
Josh works for a large, multinational corporation. He has some new ideas for the product his department markets. To share his ideas, he must first share it with his assistant manager, who then meets with the department head. The department head in turn will have to meet with the division chair, who can take it to the marketing committee for a decision. Josh's company, like many organizations, is a
Josh's company, like many other organization, is a hierarchical organizational structure.
What is a hierarchical organizational structure?A hierarchical organizational structure is a formal type of structure that is usually followed by the multi-national and large industries.
It is a systematic structure, in which decisions are made by the top management. Then, the decisions being made by the top level will be followed by the other departments.
It is a formal decision making process.
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Social media sites can provide a firm with insights into a consumer's opinions about the firm and Blank______. Multiple choice question. the consumer's opinions about the firm's competition the opinions about the firm from the consumer's neighbors the consumer's neighbors' opinions about the firm the opinions about the firm's competition from the consumer's relatives
Social media sites can provide a firm with insights into a consumer's opinions about the firm and the opinions about the firm from the consumer's neighbors.
How social media helps the firm to get the idea of trends?Social media helps the company to get the trend and idea about the latest things going on in the world or the latest challenges going on the world. Everything which is happening on the country was on social media platform.
Thus, option B is correct.
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PLEASE HELP!! NO SPAM!!! I'm literally about to have a mental breakdown because i cant figure these questions out
Based on the students who passed, the probability that a random student gets an A in Statistics or Psychology or both is 0.226.
The probability that a random student did not get an A in Psychology is 0.84.
What are the probabilities of getting an A in psychology?In order to find out the probability that a person got an A in either Statistics, Psychology, or both, the formula is:
= Probability of A in Psychology + Probability of A in Statistics - ( Probability of A in Psychology and Statistics)
= (80 / 500) + (82 / 500) - ( 49 / 500)
= 0.16 + 0.164 - 0.098
= 0.226
The probability of not getting an A in Psychology is:
= 1 - Probability of A in Psychology
= 1 - (80 / 500)
= 0.84
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