The options that explain why management uses internal controls are:
Uphold company policies.Protect assets.Promote efficient operations. Ensure reliable accounting.What are Internal Controls?Internal controls refer to those measures that are put in place by the organization to allow for conformance with the organizational objectives.
When internal controls are put in place, the vision of the company will be achieved because the employees adhere to the policies of the organization.
Learn more about Internal Controls here:
https://brainly.com/question/26398073
Dade Metals manufactures patio furniture. The company budgets overhead cost of $480,000 for the year. It also budgets 24,000 machine hours and 8,000 direct labor hours.
Required:
1. Compute the plantwide overhead rate, assuming the company allocates overhead based on (a) machine hours and (b) direct labor hours.
2. Job 121 uses 160 machine hours and 150 direct labor hours. Allocate overhead to Job 121 assuming overhead is allocated based on machine hours.
3. Job 121 uses 160 machine hours and 150 direct labor hours. Allocate overhead to Job 121 assuming overhead is allocated based on direct labor hours.
1. The computation of the plantwide overhead rate for Dade Metals is as follows, based on:
a) machine hours = $20 per machine hour ($480,000/24,000).
b) direct labor hours = $60 per direct labor hour ($480,000/8,000).
2. The allocation of overhead to Job 121 using machine hours is as follows:
Job 121 overhead cost = $3,200 ($60 x 160).
3. The allocation of overhead to Job 121 using direct labor hours is as follows:
Job 121 overhead cost = $9,000 ($60 x 150).
What is an overhead allocation basis?An overhead allocation basis is a base that overhead costs are allocated to units of production based on usage or consumption.
Overhead allocation is important in cost accounting to determine the cost of a product.
Data and Calculations:Budgeted overhead for the year = $480,000
Budgeted machine hours = 24,000 MH
Budgeted direct labor hours = 8,000 DLH
Learn more about overhead allocation at https://brainly.com/question/26475885
Mary and John, a young couple, come to you asking for financial advice. They recently graduated and have found entry-level positions in their chosen professions. They never received any formal financial education, but someone did give them a couple of The Wealthy Barber, and they read it.
Now they want to take action and begin saving for their future. Right now, they wish to save money for their 1-year old daughter’s college/university education.
They know how the Registered Education Savings Plan (RESP) works and consider themselves moderate risk-takers, given that they have an 18-year time horizon. However, they want to know how to invest through lump-sum (PMT = 0) or dollar cost (PV = 0) averaging?
Assume they could invest a maximum of $3,000 per year and earn a 6% annual return.
Your answer should address the following:
a) You will explain both the terms in simple language to the couple. (2 Marks)
b) Explain the advantage and disadvantages of both strategies. (4 Marks)
c) Recommend one strategy based on the discussion. There is no right or wrong answer here. Marking will be given based on your argument and conclusion. (1.5 Marks)
a) The lump-sum investment means that the young couple, Mary and John, will invest the total sum of $54,000 (18 x $3,000) at the beginning of the investment period, which yields a future value worth $154,134.31 at the end of the 18-year investment period,
On the other hand, the annuity investment of $3,000 implies that Mary and John will invest $3,000 annually, which yields a future value worth $98,279.98 at the end of the 18-year investment period.
b) The advantage of the lump-sum investment strategy over the annuity investment lies in the total interest generated, which is also compounded over the years.
Interest compounding means that Mary and John would be earning interest on interest.
The disadvantage of the lump-sum strategy, which becomes the advantage of the annuity investment, is that Mary and John may not afford the lump-sum at the beginning of the investment.
c) Since Mary and John could only afford to invest $3,000 annually, they should go ahead with the annuity investment.
The recommendation of the investment strategy is based on the financial status of Mary and John at the beginning of the investment because they are:
Financially literateModerate risk-takers. What is future value?The future value of an investment is the value of the cash flows in a future period. The future values of each investment strategy can be determined using the following future value formula:
FV = PV (1+r)^{n}
FV = future value
PV = present value
r = annual interest rate
{n} = number of periods interest held
Alternatively, it can be computed using an online finance calculator as follows:
Data and Calculations:
Lump-sum investment:
N (# of periods) = 18 years
I/Y (Interest per year) = 6%
PV (Present Value) = $54,000
PMT (Periodic Payment) = $0
Results:
FV = $154,134.31
Total Interest = $100,134.31
Annuity Investment:
N (# of periods) = 18 years
I/Y (Interest per year) = 6%
PV (Present Value) = $0
PMT (Periodic Payment) = $3,000
Results:
FV = $98,279.98
Sum of all periodic payments = $54,000 (18 x $3,000)
Total Interest = $44,279.98
Learn more about lump-sum and annuity investments at https://brainly.com/question/16522689
1a Who were shanon & weaver!
Shannon and Weaver were:
Communication theoristsShannon and WeaverShannon and Weaver developed a model that analyzed he communication process.
Their model was first published in 1948 and it has been modified, adapted and developed in many ways since then.
Claude Shannon was a mathematician and Warren Weaver was a scientist and they were initially interested in machine translation and how early computer, radios and television transmit information
However, the theory also applied to human communication and remained highly influential in modern science, hence becoming theorists of communication.
Read more about models here:
https://brainly.com/question/24414910
The majority of economists believe that future innovations will not be transformational enough to sustain high economic growth rates in the U.S. and western Europe. a. True b. False
In regards to the statement about the majority of economists not believing that future innovations will sustain high economic rates in the U.S. this is FALSE.
Why is the statement false?
Most economists believe that future innovation will allow for the United States and Western Europe to sustain their high economic growth rates.
They believe this because future innovation will change the way things are process and produced such that production will be more efficient and lead to high economic growth.
In conclusion, this is false.
Find out more on factors affecting economic growth at https://brainly.com/question/13628349.
I need help w/ this! No links please.
The subject is Economics/Business.
Answer:
The correct answer is dividends
Explanation:
Dividends are corporate earnings that companies pass on to their shareholders.
This unaudited financial information for Bond Company is presented below. Bond Company Income Statement for the Years Ended December 31, 20X1 December 31, 20X2 Gross sales $78,400,000 $82,000,860 Less Returns and allowances 2,500,000 2,604,500 Net sales 75,900,000 79,396,360 Cost of goods sold 45,300,000 50,436,360 Gross profit 30,600,000 28,960,000 Selling and administrative 18,400,000 19,200,000 Income from operations 12,200,000 9,760,000 Interest expense 1,900,000 1,800,000 Net income before taxes 10,300,000 7,960,000 Income taxes 4,982,000 3,580,700 Net income 5,318,000 4,379,300 Accounts Receivable 26,000,275 50,672,000 Inventory 56,000,000 58,000,000 Perform a horizontal analysis of net sales and accounts receivable. Express your answer as a percentage to two decimal places.
The performance of the horizontal analysis of net sales and accounts receivable for Bond Company shows the following results:
Net sales increased in 20x2 to 104.61% while the Accounts Receivable increased to 194.89%.
What is horizontal analysis?Horizontal analysis or trend analysis of a financial statement is a comparison of the financial statement items to show their year-on-year performances and growth patterns over time.
Data and Calculations:Bond Company Income Statement for the Years Ended
December 31, 20X1 December 31, 20X2
Gross sales $78,400,000 $82,000,860
Less Returns and allowances 2,500,000 2,604,500
Net sales 75,900,000 79,396,360
Cost of goods sold 45,300,000 50,436,360
Gross profit 30,600,000 28,960,000
Selling and administrative 18,400,000 19,200,000
Income from operations 12,200,000 9,760,000
Interest expense 1,900,000 1,800,000
Net income before taxes 10,300,000 7,960,000
Income taxes 4,982,000 3,580,700
Net income 5,318,000 4,379,300
Accounts Receivable 26,000,275 50,672,000
Inventory 56,000,000 58,000,000
December 31, 20X1 December 31, 20X2 Horizontal
Analysis
Net sales 75,900,000 79,396,360 104.61% ($79,396,360/$75,900,000 x 100)
Accounts receivable 26,000,275 50,672,000 194.89% ($50,672,000/$26,000,275 x 100)
Thus, the performance of the horizontal analysis of net sales and accounts receivable for Bond Company shows that Net sales increased in 20x2 to 104.61% while the Accounts Receivable increased to 194.89%.
Learn more about horizontal analysis at https://brainly.com/question/25806750
give at least 2 diffrences of entrepreneurs and intrapreneurs."
Answer:
The main difference between an entrepreneur and intrapreneur is that an intrapreneur is already an employee of an existing organization or buissness, while the entrepreneur creates and oversees a new organization or buissness. Another difference is when an entrepreneur introduces an idea, they are usually introducing a new idea that doesnt already exist or belong to a company. an intrapreneur on the other hand promotes an idea innovation within the already existing company. Also, an intrapreneur is usually an "inside entrepreneur" within an inside co. while an entrepreneur is typically in a larger firm.
Explanation:
I hope this helps have a great day:)
The rapid changes in technology that have been evident over the past thirty years have begun to slow and it will likely
be another decade or so before the next technology innovation is introduced.
O True
O False
Answer:
the answer is false
What is a organization chart
Answer:
An organizational chart is a diagram that visually conveys a company's internal structure by detailing the roles, responsibilities, and relationships between individuals within an entity.
is a diagram that visually conveys a company's internal structure
Explanation:
A diagram that conveys a company's internal structure by detailing the roles, responsibilities and relationships between individuals within an entity.organuzation charts are alternatively refered to as "org charts"
(Topic: Economics)
Use your knowledge of cost functions to calculate the missed cost data in the accompanying table.
[See image.]
Round your answers to two digits after the decimal.
----------
1a) What is the total cost when producing zero units?
total cost: $
1b) What is the marginal cost for the first unit? marginal cost: $
1c) What is the average total cost when producing three units?
average total cost: $
1d) What is the average variable cost when producing four units?
average variable cost: $
----------
Anyone who answers all four parts of this ECON question correctly will be awarded Brainliest!
The total cost when producing zero units is $20.
The marginal cost for the first unit is $50.
The average total cost when producing three units is $65.67.
The average variable cost when producing four units is $98.
What are cost functions?Fixed cost is cost that does not change with the quantity of output produced. An example of fixed cost is rent. Average fixed cost is fixed cost divided by total output.
Variable cost is the cost that changes with output. It increases the more output is produced. Average variable cost is variable cost divided by total output.
Total cost is the sum of fixed cost and variable cost. Average total cost is total cost divided by total output. Marginal cost is the change in total cost.
Total cost of producing zero units = fixed cost + variable cost
$20 + 0 = $20
Marginal cost of the first unit = (total cost of the first unit - total cost of the zero unit) / (2 - 1)
Total cost of the first unit = (average variable cost x total output) + fixed cost$20 + 50 = $70
Marginal cost = (70 - 20) / (2 - 1) = $50
The average total cost when producing three units = Total cost / total units
Total cost of three units = marginal cost of three units + total cost of two units
Total cost of two units = 105 + 92 = $197
The average total cost = $197 / 3 = $65.67
The average variable cost when producing four units = (412 - 20) / 4 = $98
To learn more about marginal cost, please check: brainly.com/question/26246533
Scenario 26-1. Assume the following information for an imaginary, closed economy. GDP $100,000 Taxes $22,000 Government Purchases $25,000 National Saving $15,000 Refer to Scenario 26-1. This economy's government is running a budget a. deficit of $3,000. b. surplus of $3,000. c. deficit of $12,000. d. surplus of $12,000.
Based on the imaginary country's GDP, Taxes and purchases, the country is running a. a deficit of $3,000.
How is the country running a deficit?A budget deficit describes a situation where the taxes are less than government purchases.
This is the situation in this country with taxes at $22,000 and Purchases at $25,000.
The deficit is therefore:
= 25,000 - 22,000
= $3,000
In conclusion, option A is correct.
Find out more on budget deficits at https://brainly.com/question/1083134.
If both covered interest parity and uncovered interest parity hold, then the expected future spot rate is equal to the: current forward rate. current interest rate. current spot rate. interest rate spread.
There is often interest rates on products. If both covered interest parity and uncovered interest parity hold, then the expected future spot rate is equal to the current forward rate.
What is the covered interest parity and uncovered interest parity?Covered interest parity is known to be one that involves using forward contracts to handle an exchange rate.
The uncovered interest rate parity is used mostly in forecasting rates and not handling exposure to foreign exchange risk.
In equilibrium, if both uncovered and covered interest parity hold, the condition that should exist is that the forward rate will equal the expected future spot rate.
Learn more about uncovered interest parity from
https://brainly.com/question/7526796
QUES 1.In a multi-product company, if they decide to discontinue some products how would they decide which products to drop? Explain using an appropriate model.
I don't know what the question means to use an appropriate model, but i do know that the products that aren't being bought by customers would be discontinued. This would be because its not making enough money compared to the other products, so therefore it would be discontinued.
Which one is NOT a competing value:
O Justice vs Mercy
O Truth vs Loyalty
O Person vs Society
O Short Term vs Long Term
Short Term vs Long Term is NOT a competing value.
Competing valueCompeting value are range of values and priorities that determine and influence a community's culture.
Examples of Competing value are Justice vs Mercy, Truth vs Loyalty, Person vs Society.
Short Term vs Long Term is NOT a competing value.
Find out more on Competing value at: https://brainly.com/question/24877850
The yield on a one-year Treasury security is 4.2300%, and the two-year Treasury security has a 6.3450% yield. Assuming that the pure expectations theory is correct, what is the market’s estimate of the one-year Treasury rate one year from now? (Note: Do not round your intermediate calculations.)
7.2275%
10.7987%
9.6933%
8.5029%
Recall that on a one-year Treasury security the yield is 4.2300% and 6.3450% on a two-year Treasury security. Suppose the one-year security does not have a maturity risk premium, but the two-year security does and it is 0.2%. What is the market’s estimate of the one-year Treasury rate one year from now? (Note: Do not round your intermediate calculations.)
9.2285%
6.8809%
8.0952%
10.2809%
Suppose the yield on a two-year Treasury security is 5.83%, and the yield on a five-year Treasury security is 6.20%. Assuming that the pure expectations theory is correct, what is the market’s estimate of the three-year Treasury rate two years from now? (Note: Do not round your intermediate calculations.)
6.53%
5.46%
6.45%
7.10%
Based on the yields given on the Treasury securities, the market estimate of the Treasury rates would be:
8.5029%8.0952%6.45%What is Market estimate for One-Year Treasury Rate in a year?This can be found as:
= ( ( 1 + two year rate) ^ Number of years / ( 1 + one year rate) ) - 1
= ( ( 1 + 6.3450%) ² / ( 1 + 4.23%) ) - 1
= 8.5029%
What is Market estimate of one year Treasury Rate given maturity premium?This can be found as:
= ( ( 1 + two year rate - maturity premium) ^ Number of years / ( 1 + one year rate) ) - 1
= ( ( 1 + 6.3450% - 0.2%) ² / ( 1 + 4.23%) ) - 1
= 8.0952%
What is the market’s estimate of the three-year Treasury rate in two years?= ( ( 1 + five year rate) ^ Number of years / ( 1 + two year rate)^number of years) ^ ( 1 / period of Treasury yield) - 1
= ( ( 1 + 6.20% ) ⁵ / ( 1 + 5.83%)² ) ¹/³ - 1
= 6.45%
Find out more on Treasury Yields at https://brainly.com/question/24553422.
Has the death of the watch been greatly exaggerated? Apple gets into the game
CS 5.1
Discuss the possible reasons to buy a watch today. Connect each motivation you identify with an appropriate motivational theory from the chapter.
CS 5.2
What does Apple really believe will motivate consumers to purchase the Apple Watch? Are there different motivations at the low versus high (luxury version) price point?
CS 5.3
How do marketers of watches use marketing and advertising to motivate consumers to buy them? Give specific examples.
Although we do not have access to the chapter, we can provide a generalized answer in that people can still be motivated to buy watches today as an accessory from a fashion standpoint.
What are some motivations today for purchasing a watch?In this digital age, watches are no longer purchased mainly for their functional aspects given that smartphones can more than suffice. However, as all marketing for watches will prove, the principal motivation for watches today is fashion. Watches now serve as an accessory to complete any outfit, and as is the case with diamonds, a more expensive watch will occupy the role of a lucrative accessory, drawing the desired attention.
Therefore, we can confirm that people can still be motivated to buy watches today as an accessory from a fashion standpoint.
To learn more about fashion visit:
https://brainly.com/question/12946936?referrer=searchResults
dnvkhfbfdjbkjbddbjkfbjkdfbkjdfbdjfbfdbjkdf
Answer:
fr
Explanation:
Eleven years ago, a guitar cost $1,800. Today, that same guitar costs $3,650. What has been the inflation rate on this instrument
The inflation rate on this instrument has been 102.78%.
How is the inflation rate calculated?To calculate the inflation rate, subtract the starting price ($1,800) from the later price ($3,650), and divide $1,850 by the starting date ($1,800), which is then multiplied by 100.
Data and Calculations:Cost of guitar eleven years ago = $1,800
Current cost of guitar = $3,650
Inflation in dollar terms = $1,850 ($3,650 - $1,800)
Inflation rate on guitar = 102.78% ($1,850/$1,800 x 100)
Thus, the inflation rate on this instrument has been 102.78%.
Learn more about the inflation rate at https://brainly.com/question/1100560
Prompt
What are equity investments ?
Answer:
In finance, equity is the ownership of assets that may have debts or other liabilities attached to them. Equity is measured for accounting purposes by subtracting liabilities from the value of the assets.
Explanation:
got 100%
Andrew purchased a stock for $250 and sold it for $175 one year later. If he earned a dividend income of $180, the stock's yield is:
Answer:
the answer is 605$ that Math
Myra agrees to sell Connie her house for $250,000.00. The next day, a tornado destroys the house. Will either party be bound by the terms of the contract
In relation to whether either Myra or Connie will be bound to the transaction involving the house, the answer is no because the subject matter has been destroyed.
Why are neither party bound to the contract?The subject matter of the contract which is the house, has been destroyed and this happened before the contract was finalized.
There is therefore, no longer a subject for the contract to be finalized and as it is neither party's fault, neither of them will be bound by the contract's terms.
Find out more on contract terms at https://brainly.com/question/1387188.
Your sister turned 35 today, and she is planning to save $55,000 per year for retirement, with the first deposit to be made one year from today. She will invest in a mutual fund that's expected to provide a return of 7.5% per year. She plans to retire 30 years from today, when she turns 65, and she expects to live for 25 years after retirement, to age 90. Under these assumptions, how much can she spend each year after she retires? Her first withdrawal will be made at the end of her first retirement year.
Answer: $788,462.54H
Have a great day! :D
$87,88,949.21 she can spend each year after she retires. $7,88,462.54 Her first withdrawal will be made at the end of her first retirement year.
What is retirement?
Retirement is indeed the point in life at which one decides to retire from the workplace after a certain age after an attained amount of time. The person may take back from their work or may decide to get a job somewhere else.
Calculation of a retirement fund's accumulated amount for her sister will be
Number of years = 30
Rate of return = 7.50%
Yearly payment = $85,000.00
Amount accumulated at retirement = $87,88,949.21
Calculating the yearly withdrawals for her sister will be
Amount accumulated at retirement (PV) = $87,88,949.21
Rate of return = 7.50%
Number of years = 25
Annual withdrawals = $7,88,462.54
Learn more about Retirement , here:
https://brainly.com/question/20751552
#SPJ2
The 4 stages of ProDG are:
Define, Design, Diagnose, Deploy
Define, Measure/Analyse, Improve and Control
Define, Diagnose, Design and Deploy
Define, Diagnose, Improve and Deploy
The four stages of the ProDG are:
Define, Design, Diagnose, DeployWhat is a Design Process?This refers to the various stages in which a product has to pass through before it is considered a finished product.
With this in mind, we can see that based on the ProDG model, the four stages which takes place is to define the program which is to be made, make the design, diagnose for possible errors and then deploy.
Read more about design process here:
https://brainly.com/question/24596247
Amberger Products competes in consumer electronics where there is a high level of market and technological uncertainty. To address these challenges, Amberger Products does not commit itself to a particular product design or features early on; instead, it is geared to quickly and inexpensively assess if it has succeeded or failed with a design or feature, learn from its past, regroup and try again quickly. The option that Amberger Products uses is called a ________ option.
The positioning option is used by Amberger Product because its enables them to quickly and inexpensively assess if it has succeeded or failed with a design or feature.
What is positioning in business?In business, the term "positioning" refers to a concept that helps to outlines what a business should do to market its product or service to its customers.
In conclusion, the positioning option is used by Amberger Product because its enables them to quickly and inexpensively assess if it has succeeded or failed with a design or feature.
Read more about positioning
brainly.com/question/25165063
A market segment consists of consumers who respond in different ways to a given set of marketing efforts. True False
Answer:
false
Explanation:
Identify the ratio you would use to find out how the no-show's affect the practice. Explain why?
Answer:
To calculate your practice's no-show rate, simply divide the number of no-shows (including late cancellations) by your total number of weekly appointments. For example, if your practice typically sees 50 patients each week, and you have five no-shows, your no-show rate is 5 divided by 50, or 10 percent.
Explanation:
THANKTOU(*.*)
And an anonymous survey, 2.5% of your employees say that they are “ready to quit”. You employ 50,000 people. How many are ready to quit?
Answer:
1250
Explanation:
2.5%*50,000=1250
or
50,000*0.025=1250
How can a person expand a soap business
Answer: Networking is your best friend when it comes to personal businesses, make as many connections and friends as possible to either sell your products to, help you grow, facilitate other connections, be support, and whatever else you need people for. Once you're established you can work on marketings and potentially shipping soaps outside of your typical reach.
Explanation:
*Will award brainliest if correct answer is given!*
The use of black box edits was discontinued when CMS did not renew its contract with a private company that refused to publish NCCI code edits it developed because it considered them:
a. privileged communication
b. precedents
c. proprietary
d. a breach of confidentiality
The following graph shows the daily market for jeans. Suppose the government institutes a tax of $40.60 per pair. This places a wedge between the
price buyers pay and the price sellers receive.
Fill in the following table with the quantity sold, the price buyers pay, and price sellers receieve before and after the tax.
The filled table, showing the quantity sold, the buyers' price, and the price sellers receive before and after the imposition of a tax of $40.60 per pair of jeans, is as follows:
Quantity Price Buyers Pay Price Sellers Receive
Before-tax 500 $100.00 $100
After-tax 430 $105.60 $65 ($105.60 - $40.60)
Tax burden 70 $5.60 $35
($105.60 - $100) ($100 - $65)
What is a tax wedge?The tax wedge is a measure of the difference between before-tax and after-tax prices that buyers and sellers pay and receive, respectively.
The tax wedge or burden shows the amount ($40.60 per pair) that the government which institutes the tax receives.
Question Completion:Table showing the variables to fill:
Quantity Price Buyers Pay Price Sellers Receive
Before-tax 500 $ $
After-tax 430 $ $
Tax burden $ $
See attached graph for details.
Learn more about tax burdens and effects at https://brainly.com/question/24245749
The graph illustrates that the quantity and the price before tax are 50 and $100 respectively.
How does the graph illustrate the price?From the complete question, in the graph, it can be noted that the quantity and the price before tax are 50 and $100 respectively.
Also, the quantity and the price after tax are 45 and $105.60 respectively. the increase in the tax brought about the reduction in the quantity demanded.
Lastly, the tax burden on the buyers will be:
= $105.60 - $100
= $5.60
Learn more about graphs on:
https://brainly.com/question/25799000