The calculation to compute the predetermined variable manufacturing overhead rate is both Total Estimated Variable Manufacturing Overhead / Total estimated amount of the allocation base.
The total estimated amount of the allocation base is a quantity or value used to allocate manufacturing overhead costs to products or services. It is often used in the calculation of the predetermined overhead rate, which is used to apply overhead costs to products or services based on the relationship between the overhead costs and the allocation base. The most common allocation bases are direct labor hours, direct labor costs, or machine hours. The total estimated amount of the allocation base is determined by adding up the expected usage or cost of the allocation base for the budgeted period.
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as of today, what is the net worth of your parents' investments, including real estate (not your parents' home)?
The net worth of your parents’ investments including real estate (not your parents' home is the amount left over after deducting debt owed on these investment.
What is the net worth of your parents' investments, including real estate (not your parents' home)?The net worth of your parents’ investments is amount left over after any debt for this investment has been deducted. These Investments are: real estate (but not homes you own and live in); rental properties, trust funds, UGMA/UTMA accounts, money market funds, stock options, certificates of deposits, mutual funds, stocks, bonds and other securities; Installment and Real Estate sale Agreements (Including Mortgages Owned), Coverdale, Commodities, Savings Plans, 529 as well as other college savings plans. etc. Not including the value of life insurance pension funds or annuities, non-education IRAs, retirement plans (401k); retirement funds or pensions; non-educational IRAs.
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what function is part of the marketing process? multiple choice determining an appropriate brand name for a new product designing the most efficient method of production for a new product contacting suppliers after a purchase to ensure producer satisfaction developing an understanding of company finances available for new products
The seven functions of marketing process are advertising, sales, product/service management, marketing information management, pricing, financing, and distribution.
The marketing process consists of four elements: Strategic marketing analysis, marketing mix planning, marketing execution, and marketing management. The purpose of marketing in a profit-oriented organization is to make a profit and satisfy a need. Therefore, companies must first define which needs and whose needs can be satisfied. For example, the passenger transport market is made up of people who place varying values on cost, speed, safety, status, and design of cars.
No vehicle can meet all these requirements in an excellent way. A compromise is needed. In addition, some people choose to use something other than a motor vehicle as their means of personal transportation, such as B. motorcycles, bicycles, buses, or other forms of public transportation. With variables like these, auto companies must identify different customer preference groups or segments and determine which groups can be targeted and profitable.
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given the following make-buy information, what would be the break-even point? make option buy option fixed costs $5,100 $1,000 variable costs $5 $9 a. 1,525 units b. 1,025 units c. 293 units d. 436 units
The break-even point can be calculated by dividing the fixed costs by the difference between the variable costs. In this case, the break-even point would be 436 units.
This can be calculated by dividing the fixed costs ($5,100) by the difference between the variable costs ($5 - $9), which is equal to -4. Therefore, 5,100/-4 = 1,275 units.
To convert this to the break-even point, subtract the fixed costs for the buy option ($1,000) from 1,275. This gives us 1,275 - 1,000 = 436 units.
Therefore, from the given information the break-even point will be calculated as 436 units.
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during the planning meeting, what form or document sometimes reveals that a proposed tactic is too hazardous to attempt, and another tactic should be developed?
A Risk Assessment Form is a document used to identify and evaluate potential risks associated with a proposed tactic. This form can reveal if the proposed tactic is too hazardous to attempt, and can help guide the development of a more suitable alternative tactic.
The Risk Assessment Form typically includes an analysis of potential hazards, risks and consequences, as well as any recommended mitigating measures that can be taken to reduce or eliminate the risk. The process of determining what risks are present or could arise in the workplace, how they might cause harm, and what steps should be taken to minimise harm is known as risk assessment.
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as suggested by the last question, the initial allocation does not corre- spond to a pareto efficient point since we do not observe tangecy of the indifference curves that go through the endowment vector. one way to prove this is to find another feasible allocation that pareto dominates the inital endowment. one of such allocations could be:
It is impossible to improve one person's situation without also making another person's situation worse at a Pareto efficient allocation. Making one person better off without making another person worse off is impossible as a Pareto efficient allocation cannot be dominated by any other allocation.
When there is no action or allocation that benefits one person without harming another, the situation is said to be Pareto efficient or Pareto ideal. Vilfredo Pareto (1848–1923), an Italian economist and civil engineer, who employed the idea in his research on income distribution and economic efficiency, is remembered as the concept's namesake. Pareto first used the word "optimal" to describe the idea, but as it refers to a situation where a small group of individuals will benefit from scarce resources and ignores equality or social welfare, it is actually a definition of and is best characterized by "efficiency." The concept of Pareto efficiency also appears in the context of production efficiency versus x-inefficiency. A set of goods is Pareto-efficient if there is no feasible reallocation of productive inputs such that the output of one product increases while the outputs of all other goods either increase or remain constant.
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Four racers are racing on a track. Raheem covers 26%26% of the track, lila covers 3838 of the track, khalid covers 0. 30. 3 of the track, and juanita covers 0. 240. 24 of the track. List the people in order by the distance on the track each person covers from least to greatest.
From shortest to longest, the distance that each participant travels on the track in ascending order is 0.24, 0.26, 0.30, and 0.375.
The ascending order of the numbers is such that the smallest number comes first, followed by the next, and the highest number will come last. On a track, four racers are competing. Raheem takes up 26% of the track, followed by Lila at 3/8, Khalid at 0.3, and Juanita at 0.24. Decimalizing all the integers yields the following values: 26%, 3/8, 0.3, 0.24, 0.26, 0.375, 0.30, and 0.24. From shortest to longest, the distance travelled on the track by each person is 0.24, 0.26, 0.30, and 0.375.
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the program of privatization that boris yeltsin launched in 1992 - 93 aimed to transfer ownership of most of the non-argicultural from state to private hands. how successful was the program of privatization? specifically, by 2002 (end of yeltsin's regime and early days of valdimir putin's presidency), how many small-scale business and factories were, indeed, privately owned?
By 2002, Boris Yeltsin's program of privatization had successfully transferred ownership of over 80,000 small-scale businesses and factories to private hands.
What types of businesses were privatized during Boris Yeltsin's program of privatization? Boris Yeltsin's program of privatization was initiated in 1992 and aimed to restructure the Soviet economy, which was dominated by a state-controlled system. This program included the privatization of numerous state-owned businesses, such as large factories, industrial complexes, banks, energy companies, telecommunications, and transportation. Additionally, Yeltsin’s program sought to privatize agricultural land and state-owned housing.The program also encompassed the privatization of services and retail outlets, including restaurants, cafes, and retail stores. The privatization of these businesses was done through voucher privatization, a process which allowed citizens to use state-issued vouchers to purchase shares of state-owned companies.Yeltsin’s program of privatization was controversial, as it resulted in the rapid accumulation of wealth by a small number of individuals. Despite this, the program was largely successful in restructuring the Soviet economy and introducing the principles of the free market.To learn more about privatization refer to:
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what is the value of a bond that makes annual coupon payments of $35, with a par value of $1,000 that matures in 12 years, if the discount rate is 5%?
The value of a bond that makes annual coupon payments of $35 is $867.05
What is the bond?Generally, To calculate the present value of a bond, you can use the formula:
PV = C / r * (1 - (1 + r)^-n) + F / (1 + r)^n
Where:
PV is the present value of the bond C is the annual coupon payment r is the discount rate (expressed as a decimal) n is the number of coupon payments until maturity F is the face value or par value of the bondPlugging in the given values, we have:
PV = 35 / 0.05 * (1 - (1 + 0.05)^-12) + 1000 / (1 + 0.05)^12
PV = 35 / 0.05 * (1 - 0.69) + 1000 / 1.69
PV = $867.05
So the value of the bond that makes annual coupon payments of $35, with a par value of $1,000 that matures in 12 years, if the discount rate is 5%, is $867.05
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Mission statements should ________ and be defined in terms of ________.
A mission statement is a succinct explanation of why an organization exists. It defines the organization's goal and ultimate intention.
The vision is supported by the mission statement, which communicates purpose and direction to employees, customers, vendors, and other stakeholders. A mission statement should be centered on meeting the needs of the customer rather than the product. Products and technologies become obsolete over time, yet core market needs may persist forever. A market-oriented mission statement defines the company in terms of meeting fundamental client needs. The mission statement of your organization outlines what it does now. It is divided into three sections: what you do, how you do it, and why you do it.
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In accounting for a long-term construction-type contract using the percentage-of-completion method, the gross profit recognized during the first year would be the estimated total gross profit from the contract, multiplied by the percentage of the costs incurred during the year to the
a. total costs incurred to date.
b. total estimated cost.
c. unbilled portion of the contract price.
d. total contract price.
Option (B), When adopting the percentage-of-completion approach to account for a long-term construction-type contract, the gross profit recognized in the first year would be equal to the contract's expected total gross profit multiplied by the ratio of the year's expenses to the entire estimated costs.
What will the expected final cost be?In contrast to the annual value, the term "estimated total cost" refers to the total cost of all goods, services, or work to be done under a contract, as determined prior to the contract's procurement.
Using the percentage of completion technique, how do I determine gross profit?The Percentage of Completion formula can be used pretty easily. You can determine an approximation of when the project will be completed by dividing the present cost by the total estimated cost. In order to calculate the period's income, the total project revenue is multiplied by the percentage calculated.
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gourmet shop purchased machinery on jan 1 2020 for 12,000 if this asset has an estimated useful life of four years and a salvage value of 2000 what is the book value of the machinery on dec 31 2021
The book value of the machinery on December 31, 2021 would be 6,000. This is calculated by taking the original cost of the machinery (12,000) and subtracting the amount of depreciation for two years (2,000 x 2 = 4,000) as well as the salvage value (2,000).
What is the difference between book value and market value?Book value and market value are two different ways of valuing an asset. The book value of an asset is the original cost of the asset minus any accumulated depreciation and amortization. Market value is the value of the asset based on its current market conditions and the demand for it. It is often higher than the book value because it takes into account the current market conditions.
What is the formula for calculating depreciation?The formula for calculating depreciation is: Depreciation = (Cost of Asset – Salvage Value) / Estimated Useful Life. This formula is used to calculate the amount of depreciation that can be claimed each year on an asset. It takes into account the original cost of the asset, the estimated useful life of the asset, and the salvage value at the end of the asset's life.
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by mistake, the production supervisor at east manufacturing transposed the digits on the production report and reported a higher percentage of completion for each inventory component. assume that there was no beginning inventory. required: what is the effect of this error on the following? the computation of total equivalent units. the computation of costs per equivalent unit. costs assigned to work-in-process ending inventory.
In this case, the idea of equivalent units is used, where units that have only been partially completed are multiplied by the percentage of completion. Effect on the following :
a. Due to higher percentage of completion of units, the Equivalent units will be higher
b. This idea produces figures that are regarded as fully finished units.Cost per equivalent unit = Total Cost / Number of equivalent units In this scenario, the numerator of total cost will remain the same (there will be no change), but the denominator, "Number of equivalent units," will be greater than the actual.
c. This is because the percentage of units completed will be higher in this case. therefore, the Cost per Equivalent Unit will decrease because the denominator is high.
The error results in a lower cost per equivalent unit. The transferred out goods are costed according to their equivalent unit. The cost of goods transferred out will also be low due to the low cost per equivalent unit. In the end, it leads to higher profits, which is incorrect.
All of the units in the production process may not have been finished completely at the end of a particular period (the reporting period), but expenses (material and conversion costs) may have been incurred to the extent that they were finished.
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BUSINESS 1. Explain five advantages a firm would enjoy by engaging in prize winning competition as a method of sales promotion.
Answer:
I hope my answer is good!
1- Increased brand awareness: Prize-winning competitions can generate a lot of buzz and excitement, which can lead to increased brand awareness and visibility for the company.
2- Increased sales: By offering a prize, companies can incentivize customers to purchase their products or services, resulting in increased sales.
3- Customer engagement: Prize-winning competitions can also help companies to engage with their customers, as they are more likely to participate in the competition if there is a chance to win a prize.
4- Cost-effective: Prize-winning competitions can be a cost-effective way for companies to promote their products or services, as the cost of the prizes can be less than the cost of traditional forms of advertising.
5- Consumer data collection: Prize-winning competitions can also help companies collect valuable data on their customers, such as contact information, demographic information, and purchasing habits.
Answer: creates new things
Explanation:
creates word of mouth
creates a reason to ,creates a focused marketing approach, creates great revenue, creates a source of information
marahhaas started a software development firm. she does not have the resources package and market the software so she partnered with zenith llc. what is the financial relationship between marah and zenit
The financial relationship between Marah and Zenith LLC will depend on the terms of the agreement they have established.
Generally, a partnership will involve each partner providing resources such as capital, labor, or expertise to help develop the software. Both parties will benefit financially from the success of the software. Marah may provide the software development expertise while Zenith LLC may provide the resources to package and market the software. They may also split the profits from the software sales, or they may agree to a different financial arrangement.
Therefore, the provisions of the agreement Marah and Zenith LLC have developed will govern their financial connection.
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own is looking to sell his guitar for nothing less than $60. suppose shannon offers him $100, although she was willing yo pay up to $130 for it. how much total value is created if owen accepts this trade?
A total value accepted by the trade of $70 in value was produced.
As per the details share in the above question are as bellow,
The total value produced in this case refers to the total financial gain experienced by a customer and a producer as a result of the sale of a good. Consequently, it is the total of producer surplus and consumer excess. The formula is as follows:
Consumer get the surplus = consumer's is ready to willing price - market price, or 130 - 100, is 30.
Producer that is more than required surplus = market price - producer's willing price, or 100 - by 60, is $40.
Thus, the total value generated is equal to $70 (40 + 30).
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A single branch of Shiny Shoes has been operating across North America since 1917. A new marketing team member suggested they look into Local Inventory ads. The owner, Tim, is concerned about where potential customers might see the ad. Where can Tim expect consumers to find his Local Inventory ads
A new marketing team member suggested they look into Local Inventory ads. The owner, Bert Simpson, is concerned about where potential.
Is potential a positive word?Potential can be either good or bad. Studying hard increases the potential for success, but wet roads increase the potential for accidents. But when a person or thing "has potential", we always expect something good from it in the future.
A positive charge always has a positive potential surrounding it. The potential falls and becomes closer to zero as you travel farther away from the charge. It becomes less positive as you get farther away.
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fausto purchases tile to redo the flooring in his bathroom. before the tile is installed (when it is still in its original packaging), what is the tile considered to be?
To replace the flooring in his bathroom, Fausto buys tile. The tile is regarded as personal property when it is not yet placed and is still in its original packaging.
Can a party make another counteroffer after making the first one and accept it this time?No. Since a counteroffer is a rejection of the initial offer, the initial offer is no longer acceptable.
Which of the canons mandates that license holders refrain from making any kind of false statements through their actions or inactions?A real estate broker or salesperson must "exercise integrity in the discharge of the license holder's responsibilities, including employment of prudence and caution to avoid misrepresentation, in any way, by acts of commission or omission," according to TREC's Canons of Professional Ethics and Conduct. It would be simple to.
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Which of the following explains the influence of aging on the development of peripheral vascular disease?
a) Decreased resistance.
b) Increased resistance.
c) Decreased viscosity.
d) Increased viscosity.
Nitric oxide synthesis declines with ageing while endothelin production rises. The procoagulant condition is favoured by this.
How does the total peripheral vascular resistance change with age?
A number of physiological changes associated with ageing, including a decline in cardiac output, an increase in peripheral vascular resistance, and a reduction in plasma renin-angiotensin-aldosterone levels, are related to blood pressure. Age affects the prevalence of PAD; whereas it affects 3% of people under the age of 60, it affects 15% to 20% of those over the age of 70. Significant pain, mobility issues, and negative vascular outcomes like stroke and myocardial infarction are all hazards associated with PAD.
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Which of the following terms refers not only to the surface of the earth but also below to the center of the earth, above to infinity, and natural things permanently attached but does NOT refer to artificial things permanently attached?
Real property refers not only to the surface of the earth but also below to the center of the earth, above to infinity, and natural things permanently attached but does NOT refer to artificial things permanently attached.
Real property refers to land and any natural or permanent fixtures on or beneath it, such as buildings, trees, minerals, and bodies of water. It also includes any rights associated with the land, such as the right to use the land for certain purposes or to extract minerals from it. In contrast, personal property refers to movable items, such as furniture, vehicles, and clothing, and it does not include the land or permanent fixtures attached to the land.
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Broker Ron wants to open a separate escrow account for each transaction he is involved in. Is this legal?
No, only lawyers and trust companies can open escrow accounts.
No, each broker can only have one escrow account.
Yes, this is legal unless he has more than three escrow accounts open at once.
Yes, there is no legal limit on the number of escrow accounts a broker can have.
Yes, a broker is permitted to have an unlimited number of escrow accounts.
What are escrow transactions?
During the course of a transaction between two parties, a third party holds a temporary pass-through account known as an escrow account. In an escrow account, money is held by a third party until it is given to the intended recipient. With high asset values and dispute-prone industries like real estate, it offers protection against scams and fraud. Escrow-based payments are not new and have been around for a while. When two parties participate in a transaction but there is doubt about whether their obligations will be met, escrow is a financial procedure that is used. Escrow can be used in a variety of situations, including those involving banking, real estate, mergers and acquisitions, law, intellectual property, and online transactions.
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Which Personal Protective Equipment (PPE) and essential paperwork must be worn/carried at all times (select all that apply)? Gloves Safety visibility vestDriver's licenseMedical certificate (for DOT drivers)
The wearing or carrying of closed-toe shoes, a safety vest, and a driver's license is required at all times.
What is PPE, or personal protective equipment?Gloves, safety goggles, shoes, earplugs or muffs, hard helmets, respirators, coveralls, vests, and full body suits are examples of personal protection equipment.
PPEs, or personal protective equipment, refers to the protective garments worn by users to safeguard them from harmful substances or contagious diseases. These kits are required for medical practitioners and anyone handling hazardous materials.
PPE packages contain any suit, medical gown, pair of gloves, or other covering that safeguards against hazardous diseases or chemicals.
These kits are worn in an effort to prevent getting sick. They act as a barrier between the person and the dangerous substance.
When working with any dangerous product or disease, it is imperative and safe for a person to wear closed-toe shoes, a safety visibility vest, and to always have a driver's license on them.
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the lorenz curve for a country with perfect income equality is a horizontal line. group of answer choices false true
The lorenz curve for a country with perfect income equality is a horizontal line. is true.
When drawing a Lorenz curve What is the perfect line of equality?Complete equality, when each person has the exact same wealth or income, is represented by a coefficient of 0. Complete equality would be represented by a straight diagonal line with a slope of 1 on a Lorenz curve (the area between this curve and itself is 0, so the Gini coefficient is 0).By expanding the neighbourhood income quintile group, the horizontal axis (x-axis) of the curve shows the cumulative percent of persons in the population, and the vertical axis (y-axis) shows the cumulative percent of events in the population.To learn more about lorenz curve refer to:
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which type of thinking would best facilitate generation of numerous potential solutions for a problem the team is facing? group
Lateral type of thinking would best facilitate generation of numerous potential solutions for a problem the team is facing .
Option B is correct .
How does lateral thinking work?Horizontal thinking, also known as lateral thinking, is a method of ideation in which designers employ disruptive or obscure reasoning to solve problems. They think outside the box and approach problems from completely new perspectives using creative and indirect methods, gaining insights that aid in the search for novel solutions. A method of problem-solving through indirect and imaginative reasoning that goes beyond the obvious is known as lateral thinking. It involves concepts that might not be possible to come up with using only conventional logic in steps.
What is an illustration of lateral thought?Because they use logical, easy steps, following a recipe or solving a math problem are examples of lateral thinking. It works best for more complicated problems where there isn't a quick fix.
Question is incomplete , missing part is given below :
which type of thinking would best facilitate generation of numerous potential solutions for a problem the team is facing? group of choices
A. conventional thinking
B. lateral thinking
C. Critical thinking
D. logical thinking
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after a foreclosure sale, the borrower who has defaulted on the loan may seek to pay off the mortgage debt plus any accrued interest and costs under what right?
To pay off the mortgage debt plus any accrued interest and costs under what right is statutory redemption.
What is statutory redemption?Borrowers can retrieve their properties following a foreclosure under the statutory right of redemption, but only up to a certain point. A borrower who has a legal right to redemption must pay the home's foreclosure selling price to buy it back. It is possible to retrieve your house during the redemption period after it has already been sold at a foreclosure sale. The remaining mortgage debt as well as any expenses related to the foreclosure procedure must be paid.
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what is the textbook's definition of global business? a. global business focuses on foreign firms' strategies for competing against foreign firms entering their home territories. b. global business focuses exclusively on domestic firms' strategies for competing against foreign firms entering their home territories. c. global business refers to domestic and international business activities. d. global business refers to firms that are designed to do business internationally from the beginning.
A company that conducts international (cross-border) commerce, as well as the act of doing business abroad. This book defines global business as commerce conducted internationally.
Describe "global business" in your own words.A company is said to as a global enterprise if it operates (including manufacturing plants and distribution hubs) across several different countries. A multinational corporation, which only conducts business in its home nation but markets its goods globally, is not the same as this.
What does a study in international business involve?A worldwide and interdisciplinary viewpoint on the financial, political, social, ecological, and technological aspects of a globally interconnected economy is what the Global Business Studies program aims to provide (at both the micro and macro levels).
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The manager of a city recreation center wants to estimate the percent of city residents who favor a proposal to build a new dog park. To gather data, the manager will select a random sample of city residents. Which of the following is the most appropriate interval for the manager to use for such an estimate
For the given problem the appropriate interval for the manager to use for such an estimate is a one sample Z interval for a population proportion.
Which of the following is the most appropriate interval for the manager to use for such an estimate?Manager of a city recreation center wants to estimate the percent of city residents who favor a proposal to build a new dog park.Random sample data is been selected by the manager.The one sample z test is performed to know weather the mean of the population is greater than, equal to or less than to a specific value.For the one sample z test following properties are given-
The given data is continues and follow the normal probability distribution.The sample should be a simple random sample from its population.Each and every individual sample in the population should have an equal probability of being selected in the sample.The standard deviation should be known.In the given problem as the manager of the city wants to estimate the percent of city residents who favor a proposal to build a new dog park and for this random sample data he selected. For this he should use the interval of a one sample Z interval for a population proportion.Hence, for the given problem the appropriate interval for the manager to use for such an estimate is a one sample Z interval for a population proportion. Thus the option A is the correct option.
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petrie financial services provides finance and accounting consulting services to clients. petrie incurred 110 hours of labor for layline corp. at a cost of $85 per hour, and billed layline $165 per hour. overhead is applied at 58% of professional labor cost. how much is the cost of the layline client using traditional costing?
$14,773 is the cost of the layline client using traditional costing.
What is the expense called?
The cost is the sum of money that a business spends on the development or manufacturing of goods or services. It excludes the profit margin markup.
The sum of money spent to create a good or product, as seen from the seller's perspective, is the cost.
Professional labor cost incurred = Number of hours worked x Cost per labor hour
Professional labor cost = 110 hours x $85 per hour
Professional labor cost = $9,350
Overhead cost = 58% of Professional labor cost
Overhead cost = 58% x $9,350
Overhead cost = $5,423
The cost of Layline client under Traditional costing = Total cost
The cost of Layline client under Traditional costing = Professional labor cost + Overhead applied cost
The cost of Layline client under Traditional costing = $9,350 + $5,423
The cost of Layline client under Traditional costing = $14,773
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in a single year, germany can raise 100 tons of wheat or produce 1,000 boxes of daisies. in the same growing season, france can raise 50 tons of wheat or produce 750 boxes of daisies. when the two countries begin trading wheat for daisies, the total surplus from wheat consumption and production can be expected to:
According to the question, 1 ton of wheat costs 5 boxes of daisies. Thus, the correct option is (C).
The use of products and services by households is referred to as consumption in economics. Consumption is separate from consumption spending, which is the purchase of household goods and services.
The process of developing or making things that can be sold in a market is known as production. Food, clothing, and automobiles are all examples of things that must be manufactured before they can be sold to consumers. Consumption is the act of purchasing and utilizing a thing.
Here,
The opportunity cost for Producing 1 ton of wheat= Daisies/Wheat
For Germany:
Opportunity cost= 1000/100= 10 boxes of daisies
For France,
Opportunity cost= 750/50= 15 box of daisies
Calculate the gain from trade as follows:
Gain from trade= 15-10= 5 boxes of daisies.
Therefore, the correct option is "C".
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This is an incomplete question, the complete question is:
In a single year, Germany can raise 100 tons of wheat or produce 1,000 boxes of daisies. In the same growing season, France can raise 50 tons of wheat or produce 750 boxes of daisies. When the two countries begin trading wheat for daisies, the total surplus from wheat consumption and production can be expected if 1 ton of wheat costs _________ boxes of daisies.
A. 8
B. 12
C. 5
D. 20
in which balance sheet column is net loss recorded on the work sheet?
Net loss is recorded on the work sheet in the Liabilities & Equity column as an adjustment to the retained earnings balance. This happens when a business has more expenses than revenues, resulting in a negative net income.
The balance sheet is one of the most important financial statements. It is used to measure the financial health of a company by providing a summary of its assets, liabilities, and equity. The balance sheet is divided into two main parts: the assets section and the liabilities & equity section. The bottom line of the assets and liabilities & equity section is the Net Worth, which is the difference between the assets and liabilities.
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which act of the u.s. congress prohibits bribery of foreign officials and sets requirements for transparency of accounting transactions?
The Foreign Corrupt Practices Act (FCPA), adopted in 1977, forbids paying bribes to foreign officials in order to win or retain business.
The FCPA applies to publicly traded firms and their executives, directors, employees, stockholders, and agents everywhere in the world for unlawful activity. Third-party agents, consultants, distributors, joint-venture partners, and others are examples of agents.
The FCPA also requires issuers to keep correct books and records and to have an adequate system of internal controls to provide reasonable assurances that transactions are carried out and assets are accessed and accounted for in line with management's permission.
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