neon lighting is comparing actual and applied overhead amounts at the end of the year and finds the factory overhead account has a credit balance. what does this mean?
Answers
This mean applied costs are higher than actual costs. That's why neon lighting is comparing actual and applied overhead amounts at the end of the year .
What does an Actual Cost mean?Actual cost is the sum of the supplier-invoiced charge and the costs associated with delivering, configuring, and testing the asset. This refers to the value of the asset when This is first recognized as a fixed asset in the financial accounts.
Actual costs and applied costs differ from one another.The phrase "applied cost" is utilized in costing system to refer to the cost that is ascribed to something but may not match the real cost. Since the applied cost is an estimate, it can and frequently does differ from the real cost. Each cost object's applied cost is calculated to use an allocation rate.
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Related Questions
Which of the following statements is a strong reason for giving credit to sources of data in a formal business doccument
Answers
Answer:
It shows you have done solid research to back up your conclusions.
Multiple choice options for this question are as follows: online source
A). It shows you have done solid research to back up your conclusions.
B). Readers of a business document do not pay attention to sources
C). Giving credit is easier than treating others' ideas as your own
D). It is a requirement of MLA and APA styles
Explanation:
Giving credit to your sources is a phrase that refers to Referencing or citing the source of your information. It is important to the reader or user of the document because they can always go back and verify the data's accuracy. Referencing also leaves a trail that can be used to see the views and opinions of other business people or researchers .
Giving credit to your sources in a formal business document shows you took the time to research the subject matter. It gives the impression that you can relate your ideas to the views of other professionals in the industry.
Answer:
A). It shows you have done solid research to back up your conclusions
Explanation:
Advertising, paid for in advance, is not an expense until the advertisement has been run. From the list of assumptions and principles, choose which one requires this accounting treatment.A. MaterialityB. Historical Cost PrincipleC. Revenue Recognition PrincipleD. Expense Recognition PrincipleE. Economic Entity Assumption
Answers
Advertising, paid for in advance, is not an expense until the advertisement has been run. From the list of assumptions and principles, (d). Expense Recognition Principle is correct option requires this accounting treatment.
According to the Expense Recognition Principle, expenses must be recorded in the same accounting period as the revenues they contributed to. This rule makes ensuring that financial reports appropriately depict a company's financial performance over a specific time frame.
The Expense Recognition Principle stipulates that when advertising is paid for in advance, the expense of the advertisement must be recorded in the same accounting period as the revenue it generates.
This means that even if the money was provided in advance, the expense will not be recorded until after the advertisement has been run. This procedure makes sure that the expense is matched with the revenues it contributed to, giving a more realistic picture of the company's financial success.
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Todd let his 10-year-old daughter, Julie, drive the family car. While she was driving, she turned her head to say something to her
friend in the back seat, and swerved off the road. The car hit and destroyed a mailbox and damaged a fence. Who is liable for the
damages to the property?
Answers
Answer:
Todd as her dad is responsible
Anticipating objections is very important in negotiations. For this exercise, briefly describe a policy that you would like to see implemented by the federal, state, or local government. This could be the revoking of an existing law or policy, the implementation of a new law or policy, or the significant altering of an existing law or policy. Then, try to list at least two possible objections that your policy would likely face and how you would respond to overcome these objections.
Answers
Expanding affordable housing programs can provide much-needed support to low-income individuals and families.
One policy that I would like to see implemented by the federal government is the expansion of affordable housing programs. This would involve increasing funding and resources to provide more affordable housing options for low-income individuals and families.
Two possible objections to this policy are:
1. Cost: Critics may argue that expanding affordable housing programs would require a significant financial investment that could strain the government's budget. They may question whether the benefits of providing affordable housing outweigh the costs.
In response to this objection, it is important to highlight the long-term benefits of affordable housing. By providing stable and affordable housing options, individuals and families can improve their overall well-being, leading to better health outcomes, increased educational opportunities, and higher employment rates. This can ultimately reduce the strain on social services and contribute to economic growth. It is also worth noting that there are potential funding sources, such as reallocating funds from other areas or partnering with private organizations, that can help mitigate the cost.
2. Impact on property values: Another objection may come from property owners who are concerned that the expansion of affordable housing programs could negatively impact property values in the surrounding area. They may argue that the presence of affordable housing could decrease property values and disrupt the existing community.
To address this objection, it is important to emphasize that well-planned affordable housing developments can have positive effects on property values. By revitalizing neighborhoods and increasing housing options, affordable housing can attract new residents, promote local businesses, and contribute to community growth. Additionally, implementing policies that ensure quality and well-maintained affordable housing can help alleviate concerns about the impact on property values.
In conclusion, expanding affordable housing programs can provide much-needed support to low-income individuals and families. Despite potential objections related to cost and impact on property values, the long-term benefits of affordable housing and the potential to address these concerns through alternative funding sources and careful planning make this policy a valuable investment for the government.
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what are two resources within you that are important when choosing a career you would like
Answers
Answer:
Your happiness
education and training
social environment
Explanation:
the profit mark-up is a percentage of the cost price which is added to the cost price in order to calculate the selling price.
true or false if false say why
Answers
Answer:
true
Explanation:
Discussion Prompt
Assume that you are one of FET’s senior executives whose annual salary is based on the performance of the firm’s common stock. You realize that if FET recalls the affected micro system, the stock price will suffer; thus, your salary for the year will be less than you expected. To complicate matters, you just purchased an expensive house based on your salary expectations for the next few years—expectations that will not be realized unless the new micro system is a success for FET.
As one of the senior executives, you will help determine what course of action FET will follow with respect to the micro system.
Q: What should you do? Should you encourage FET to recall the micro system until further testing is completed? Or can you suggest another course of action?
Answers
The senior executive should prioritize the welfare and satisfaction of the customers. Encouraging FET to recall the micro system until further testing is completed is the ethical course of action, ensuring customer safety and satisfaction in the long run, even if it temporarily affects the stock price.
The executive can explore alternative strategies such as communicating transparently with shareholders and investors, implementing remedial measures, and developing improved versions of the micro system to regain market trust and maintain long-term profitability.
As a senior executive, it is crucial to prioritize the well-being and satisfaction of the customers. By encouraging FET to recall the micro system until further testing is completed, you demonstrate a commitment to customer safety and satisfaction in the long term. This decision may temporarily impact the stock price and your salary expectations, but it ensures that FET maintains its integrity and credibility. It also mitigates the risk of potential harm to customers and potential lawsuits.
In addition to the recall, you can suggest implementing transparent communication with shareholders and investors, explaining the situation and the steps being taken to address the issue. This can help maintain their trust and confidence in the company. You can also work on implementing remedial measures, such as offering refunds or replacements to affected customers, to show FET's commitment to customer satisfaction.
Furthermore, you can propose that FET focuses on developing improved versions of the micro system, incorporating the lessons learned from the recall and testing phase. By demonstrating a commitment to continuous improvement, FET can regain market trust, attract new customers, and maintain long-term profitability.
While the decision to recall the micro system may have short-term consequences, prioritizing customer safety and satisfaction is essential for the reputation and success of the company in the long run.
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Which of the following would be the best way for you to promote your pressure washing business?
O a. free sample
O b. discount coupon
O c.contest
d. gift with purchase
Answers
Answer:
B. I would say a discount copoun would help Since they are essentially a form of marketing, coupons function similarly to print ads. ... Once they have brought those people into business establishments, coupons begin to help businesses make money, because consumers will be motivated to spend more than the incentive cost of the coupon in their purchases
Explanation:
other things equal, which of the following would increase the federal funds rate?
Answers
A decline in excess reserves in the banking system increase the federal funds rate.
The term "federal funds rate" refers to the Federal Open Market Committee's target interest rate range. The rate at which commercial banks overnight lend and borrow each other's surplus reserves is the aim.
Like any other market interest rate, the federal funds rate fluctuates according on how many reserves are available generally in the federal funds market. For instance, if there is a stronger demand than supply for reserves in the market, the federal funds rate rises; conversely, if there is a bigger supply than demand, the funds rate falls. In order to ensure that supply and demand are met at all times, the federal funds rate serves as a trigger that brings the federal funds market to equilibrium.
Option D is the correct answer.
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The complete question is, "Other things equal, which of the following would increase the federal funds rate?
A. a decrease in loan demand in the federal funds market
B. a decrease in the reserve ratio
C. Fed purchases of government securities from banks
D. a decline in excess reserves in the banking system"
After graduation from high school in June, you and three classmates plan to travel around the United States. The plan is to visit the capital cities of all 48 contiguous states, taking numerous pictures along the way. The Sunnyside Camera Shop offers to give you a dozen rolls of 36-exposure color film for the trip free if you agree to let it develop and print all the rolls you use, for a stated price per roll. You agree. Are both you and the Sunnyside Camera Shop legally bound? What is the consideration for each party?
Answers
Answer:
Yes, both you and the Sunnyside Camera Shop are legally bound. The consideration for you is the free rolls of 36-exposure color film, and the consideration for the Sunnyside Camera Shop is the agreement to develop and print all the rolls you use for a stated price per roll.
Which of the following should show a profit in order for a financial institution to give a the company a loan
a) income statement
b) rent expense
c) accelerated depreciation
d) accounts receivable
Answers
Answer:
A I think not really sure hope this helps you
What is the biggest financial worry of most individuals and what can they do about it
Answers
General financial worries include: how to pay off debt, how to save money for college and school, how to invest money and where.
The solution would be to save money instead of having to take a loan from the bank, which will increase your debt. With proper planning one can avoid debt, if they plan for the future. Investment is something that should be studied and people would need to educate themselves about the market and investing. To save money for college and school, again proper financial planning is required and timely planning as well. One should plan years and months ahead of time when it comes to finance so that they don’t have to suffer from issues like debt and school or college fees.
by earning a client's trust, empathic and caring therapists promote
Answers
By earning a client's trust, empathic and caring therapists promote a positive therapeutic relationship and facilitate effective therapy outcomes. Trust is an essential element in the therapeutic process as it allows clients to feel safe, open up about their concerns, and engage in the therapeutic work.
Building trust is crucial in therapy as it establishes a strong foundation for the therapeutic relationship. When clients feel that their therapist is empathic and caring, it creates an environment of safety and acceptance. This sense of trust enables clients to open up, share their thoughts and emotions, and engage more fully in the therapeutic process.
Empathic and caring therapists actively listen, demonstrate understanding, and show genuine concern for their clients' well-being. They create a non-judgmental and supportive space where clients feel heard, validated, and understood. This fosters a sense of trust and encourages clients to explore their thoughts, emotions, and experiences more deeply.
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The shortest path to failure in a small business is
A. Poor inventory control. B. Poor vendor relations. C. Improper policies and procedures.
Answers
Among the options provided, "under capitalization" is often considered the shortest path to failure in a small business.
Under capitalization refers to a situation where a business does not have sufficient funds or resources to support its operations and meet its financial obligations.
Insufficient capital can hinder a small business's ability to invest in necessary equipment, hire skilled employees, market effectively, manage cash flow, and respond to unexpected expenses or changes in the market. It limits the business's growth potential, reduces its competitiveness, and increases the risk of failure.
While the other factors mentioned (poor vendor relations, over regulation by government, improper policies and procedures, and poor inventory control) can also contribute to business failure, inadequate capitalization is often seen as a fundamental and critical challenge for small businesses. Without adequate financial resources, it becomes difficult to address and manage other issues effectively, making it more challenging for the business to survive and thrive in the long term.
The complete question is:
The shortest path to failure in a small business is
1: under capitalization
2: poor vendor relations
3: over regulation by government
4: improper policies and procedures
5: poor inventory control
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Why should good investing be boring?
Answers
Answer:
Good investing should be backed by history and science as opposed to over-ambitious, loophole-filled plots.
Explanation:
please give brainliest
The Fed has decided to expand the money supply, leading to lower interest rates. As a partner in a tech start-up, you react to these lower interest rates by deciding to expand your operations and begin marketing your new artificial intelligence prototype. What impacts would this decision have on the macroeconomy
Answers
Answer:
reducing unemployment and raising GDP and increasing the investment part of GDP
Explanation:
This is the expansion monetary policy. Hiring more people results in business expansion, which reduces unemployment. In addition, more goods and services will be available that will increase GDP as a result of trade expansion. Finally, as business investment increases, so does the share of investment in GDP.correct answer is reducing unemployment and raising GDP and increasing the investment part of GDPGive an example of an output contract associated
with school.
Answers
Answer:
one party agrees to purchase the entire production that the other party supplies.
Is it possible for everyone to agree on what is in ""the common good""? How should we make decisions that concern natural resources?
Answers
Answer:
Follows are the solution to this question:
Explanation:
The necessary resources, irrespective of human actions could be defined as natural resources. Wind, light, water, land, rock, plants, animals, and coal power were common examples of natural resources.
For the development of any country, the resource is important. For instance, energy sources are necessary to generate power so, we need mineral reserves for industrial development.For the population increasing it is important to preserve them, that's why we decide because each person has a different viewpoint so, they can't be unanimous agreement.Define The Term "Inelastic"
Answers
Answer:
its about stuff you need day to day
like water, gasoline, housing, and food
when the price goes up or down consumers' buying habits are the same
"static quantity of a good or service when its price changes"
Investopedia lumenlearning
Answer:
: not elastic: such as. a : inflexible, unyielding. b : slow to react or respond to changing conditions
Explanation:
hope it helps you:)
The difference in income between the richest and poorest citizens is called a command economy. unemployment. private property. the wealth gap.
Answers
Answer:
the wealth gap.
Explanation:
The difference in income between the richest and poorest citizens is called the wealth gap.
This ultimately implies that, the wealth gap is the difference between the richest and poorest citizens living in a geographical location based on the level of their assets and net worth i.e assets minus their debts.
Hence, the information generated by the government based on the wealth gap of its citizens is typically used for formulating economic policies, plan and financial budgets.
The difference in income between the richest and poorest citizens is called the wealth gap.
What is wealth gap?Wealth gap can be defined as the difference in the income earned by the richest and the poorest citizen.
When a rich person earn more than a poor person this indicate a disparity in wealth distribution between the rich and the poor.
This tend to lead to what is called wealth gap based on the fact that their is no equality as the rich earn more than the poor.
Inconclusion the difference in income between the richest and poorest citizens is called the wealth gap.
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what is the primary purpose of this message? to apologize to a customer to direct a customer to customer service to refuse a refund to file a complaint
Answers
The primary purpose of any message depends on the context, the target audience, and the specific content of the message.
If the message is from a company and is expressing regret for an error or issue that has occurred, then the primary purpose may be to apologize to a customer.
If the message is directing a customer to a specific department or person, then the primary purpose may be to direct a customer to customer service. If the message is denying a refund or return request, then the primary purpose may be to refuse a refund.
If the message is from an employee or customer and is expressing dissatisfaction with a product or service, then the primary purpose may be to file a complaint.
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Someone please help will mark as brainliest
Answers
Answer:
divide by the table and lilly pads
Explanation:
well how long is the table you divide the table from the number of lilly pads and there you go
Effect of Omitting Adjustments For the year ending August 31, Beckinworth Medical Co. mistakenly omitted adjusting entries for (1) depreciation of $6,000, (2) fees earned that were not billed of $11,800, and (3) accrued wages of $2,800. Indicate the effect of the errors on (a) revenues, (b) expenses, and (c) net income for the year ended August 31. (0) Revenues (b) Expenses (c) Net income
Answers
Beckinworth Medical Co. mistakenly omitted adjusting entries for (1) depreciation of $6,000, (2) fees earned that were not billed of $11,800, and (3) accrued wages of $2,800.
The impact of the omission of adjusting entries on the revenues, expenses, and net income of the Beckinworth Medical Co.
is discussed below:Effect on Revenue:The omission of the adjusting entry related to fees earned that were not billed will not impact the revenue account.
Revenue will remain the same as the revenue earned has not been overstated or understated.
Effect on Expenses:The omission of the adjusting entry related to depreciation will result in the understatement of expenses, resulting in an overstatement of the net income for the period.
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at the end of the current period oriole had a projected benefit obligation of and pension plan assets of what are the accounts and amounts that will be reported on the company's balance sheet as pension assets
Answers
The accounts and amounts that will be reported on the company's balance sheet as pension assets are:
1. Pension Plan Assets: The amount reported will be equal to the projected benefit obligation of the company.
2. Accrued Pension Benefit Liability: The amount reported will be equal to the difference between the projected benefit obligation and the pension plan assets.
The Pension Plan Assets account will be reported as the current market value of the pension plan assets.
The Accumulated Benefit Obligation account will be reported as the projected benefit obligation, which is the current value of the benefits that will be owed to employees in the future.
The difference between these two amounts is the company's net pension assets or liabilities.
For example, if the projected benefit obligation is $3 million and the pension plan assets are $2.5 million, the net pension assets would be reported as a liability of $0.5 million.
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Question 3 (1 point) Which of the following statements is true? The more time that passes the more inelastic the demand for a product becomes. The demand curve for a necessity is more elastic than the demand curve for a luxury. The more narrowly we define a market, the more elastic the demand for a product will be. In general, if a product has few substitutes it will have an elastic demand.
Answers
A product will have an elastic demand if there are few replacements. Customers are therefore more inclined to change their buying habits and to become more price-sensitive. so there statement true.
A product will often have an elastic demand if there are few replacements for it. This is so that consumers have fewer options to move to in reaction to a change in price when there aren't many alternatives to a product. They are therefore more prone to be price sensitive and alter their shopping habits as a result. The other claims are untrue. The first claim is untrue since the elasticity of demand is not innately affected by time. The second claim is likewise untrue since customers are more likely to keep buying necessities despite price fluctuations, making demand for them less elastic in general.
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In a small town in Kansas, the owner of the town's only gas station claims that he will sell the same quantity of gas no matter how high or low the price. If his assertion is correct, the demand curve for gas at his station must be _____, and the price elasticity is _____.
a. horizontal; infinite
b. vertical; infinite
c. horizontal; zero
d. vertical; zero
Answers
In a small town in Kansas, the owner of the town's only gas station claims that he will sell the same quantity of gas no matter how high or low the price. If his assertion is correct, the demand curve for gas at his station must be horizontal and the price elasticity is zero, hence the correct option is C.
A demand curve is a graphical representation of the relationship between the price of a good or service and the quantity demanded for a specified period. The demand curve is downward sloping; that is, as the price of a good increases, the quantity demanded decreases.
Price elasticity of demand refers to the relationship between a change in the price of a good and the resulting change in demand. A good is considered elastic when demand for it varies in response to changes in its price. Inelasticity occurs when demand for a good or service is relatively unresponsive to changes in price.In a small town in Kansas, the owner of the town's only gas station claims that he will sell the same quantity of gas no matter how high or low the price. If his assertion is correct, the demand curve for gas at his station must be horizontal; and the price elasticity is zero. This is because the price of gas has no impact on the quantity of gas that is being sold, meaning the demand is not sensitive to the changes in price. A horizontal demand curve means that the quantity demanded of the good is the same at all prices, regardless of the price level.
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according to the uofa professional development center, the average starting salary of eller graduates with a degree in mis/oscm in 2021 was approximately what?
Answers
According to the UOFA professional development center, the average starting salary of Eller Graduates with a degree in MIS in 2021 was approximately $53,048.
What is the discipline of Management Information Systems?Management Information System is a discipline within the business education that connects the computer science and well-known business disciplines like finance, marketing, and management. In spite of this, most students only take at most two MIS courses as part of their undergraduate program.
The term "Management Information Systems" has several definitions but the common among these many definitions is that its represent a collection of technologies, people, and processes that manage the information and communication resources of an organization.
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Which of these is a reason why a company may want to recruit internally? A Better chance of fresh ideas o B. Broader experience within the industry c. Familiarity with the company mission D. Saving money on salaries
Answers
Answer:
C. Familiarity with the company mission.
Explanation:
As a corporate director, I tend to seek talent within our organization for this very reason. Long term team members whom plan on growing with our organization are, at times, best suited for roles above their current level due to their loyalty and familiarity with the company mission. Promoting within gives great culture to a company and adds to overall moral.
Gilroy Corporation is considering new equipment. The equipment can be purchased from an overseas supplier for $3,200. The freight and installation costs for the equipment are $640. If purchased, annual repairs and maintenance are estimated to be $400 per year over the four-year useful life of the machine. Alternatively, Gilroy can lease the machine from a domestic supplier for $1,400 per year for four years, with no additional costs.
Prepare a differential analysis dated October 3, 2012 to determine whether Gilroy should lease (Alternative 1) or purchase (Alternative 2) the machine. (Hint: This is a "lease or buy" decision, which must be analyzed from the perspective of the equipment user, as opposed to the equipment owner.) If an amount is zero, enter zero "0".
Lease Machine (Alternative 1)
Costs:
Purchase Price
Freight and Installation
Repair and Maintenance (4 years)
Lease (4 years)
Income (loss)
Answers
The differential analysis, Gilroy should go with purchasing the equipment as it will save $160 in the four-year term, although the savings are minimal. Therefore, Gilroy should purchase the equipment instead of leasing it.
Differential Analysis – Lease or Purchase the machine:
Lease Machine (Alternative 1)Costs: Lease (4 years)
= $1,400 * 4
= $5,600
Income (loss) = $0
Purchase Machine (Alternative 2) Costs:
Purchase Price = $3,200
Freight and Installation = $640
Repair and Maintenance (4 years) = $400 * 4
= $1,600
Total costs = $3,200 + $640 + $1,600
= $5,440
Income (loss) = 0
Differential Analysis Calculation:
Lease Machine (Alternative 1) less Purchase Machine (Alternative 2)Total costs: $5,600 – $5,440
= $160
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According to a video in 11.5 of the textbook, the most dangerous type of false and misleading information that social media companies are trying to address is:
Answers
According to the video in 11.5 of the textbook, the most dangerous type of false and misleading information that social media companies are trying to address is misinformation about health and science. This includes fake news and conspiracy theories about vaccines, treatments for diseases, and medical advice.
The spread of false information in this area can have serious consequences, as it can lead people to make harmful decisions or avoid necessary medical treatment. Social media companies have been facing increasing pressure to address this issue, as the spread of false information can be amplified through their platforms. Some of the steps that these companies have taken to address this issue include partnering with fact-checking organizations, introducing warning labels on posts containing false information, and removing content that violates their policies. However, there is still much work to be done to combat the spread of false information on social media. It is important for individuals to also take responsibility for verifying information before sharing it and to rely on credible sources for health and science information.
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