Answers
This statement is true as indirect expenses are allocated to departments based on their benefits received by each department.
These are those expenses that are not related to a particular activity. For instance, building rent, depreciation, etc. These costs cannot be linked specifically to a given item or division.
The best examples of indirect costs are rent and utilities. If a building has eight departments, rent cannot be distributed equally; instead, it is divided based on the amount of space each department has taken up. The same is true for office expenses like power, phone bills, and other bills; each is allocated depending on the benefits used by each department.
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Related Questions
Which of these are not a way to innovate?
luck
vision
process
imitation
Answers
Answer:
Maybe luck and imitation
Identify the possessive pronoun in the following sentence: "I love my new computer!"
A I
B love
C
my
Answers
Answer:
A
Explanation:
The budget of the federal government is dramatically different than it was 50 years ago. In what way is it different
Answers
Answer:
D
Explanation:
D. Mandatory spending has increased as the population has gotten older and the Social Security and Medicare programs have expanded.
The budget of the federal government is dramatically different than it was 50 years ago because of increase in discretionary spending due to the expansion of security.
What is a budget ?A government budget is a document created by the government and/or another political entity that details proposed spending for the upcoming fiscal year in the areas of healthcare, education, defense, roads, and state benefits as well as anticipated tax revenues (including inheritance tax, income tax, corporation tax, and import taxes).
According to the U.S. Constitution, Congress has the authority to enact a federal budget, which specifies how much money the government can spend during the ensuing fiscal year. The President then approves the budget proposed by Congress.
The budget outlines funding levels for the federal government as well as predictions of federal government revenue and expenditures for the upcoming fiscal year. On the basis of the president's recommendations and Congressional priorities, Congress must subsequently adopt appropriations legislation.
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Henley Corporation has bonds on the market with 20 years to maturity, a YTM of 11.3 percent, a par value of $1000, and a current price of $935. The bonds make semiannual payments. What must the coupon rate be on the bonds?
Answers
The coupon rate on the bonds will be 5.65%.
How to calculate the coupon rate?To calculate the coupon rate, you can use the formula:
Coupon Rate = (Annual Interest Payment / Par Value) x 100
Since the bonds make semiannual payments, you'll need to adjust the annual interest payment and the YTM accordingly. To do this, you can use the following formula:
Annual Interest Payment = (Coupon Rate / 2) x Par Value
Using this formula, you can solve for the coupon rate:
Coupon Rate = (Annual Interest Payment / Par Value) x 100
Coupon Rate = ( (YTM / 2) x Par Value ) / Par Value x 100
Coupon Rate = (YTM / 2) x 100
So in this case, the coupon rate is:
Coupon Rate = (11.3 / 2) x 100 = 5.65%
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Your plan calls for using apprentice plumbers in place of fully licensed plumbers for some jobs. If the apprentice plumbers are 60% as productive as licensed plumbers and licensed plumbers cost $60 per hour, what is the most you should pay for apprentice plumbers?
Answers
Answer:
36
Explanation:
The ledger of Columbia, Inc. on March 31, 2014, includes the following selected accounts before adjusting entries.
Debit Credit
Prepaid Insurance 2,240
Supplies 3,120
Equipment 36,000
Unearned Service Revenue 13,600
An analysis of the accounts shows the following.
1. Insurance expires at the rate of $280 per month.
2. Supplies on hand total $960.
3. The equipment depreciates $240 per month.
4. During March, services were performed for two-fifths of the unearned service revenue.
Prepare the adjusting entries for the month of March.
Answers
Answer:
Journal 1
Debit : Insurance expense $280
Credit : Prepaid Insurance $280
Being Insurance expense recognized
Journal 2
Debit : Supplies expense $2,160
Credit : Supplies $2,160
Being Supplies Expense Recognized
Journal 3
Debit : Depreciation expense $240
Credit : Accumulated depreciation $240
Being Depreciation expenses recognized
Journal 4
Debit : Unearned Service Revenue $5,440
Credit : Service Revenue Earned $5,440
Being Service Revenue Earned being recognized
Explanation:
Expenses are decreases in income that results as an increase in liabilities and decreases in assets. Note the Decreases in Assets and Increases in Liabilities that have occurred - they represent Expenses which need to be recognized.
Service revenue is recognized when the services are actually performed, thus Reverse the Unearned Service Revenue when services are performed.
The fixed costs for Teddy bikes are $ 1000, the variable costs are $855, and the firm's revenues are $950.What should the firm do?
Answers
If the variable costs are $855, and the firm's revenues are $950, then the firm should cut down the variable cost in order to increase the profit or revenue as the fixed cost cannot be changed in short run.
What is fixed cost?A fixed cost is a cost that does not fluctuate with the production or sale of more or fewer goods or services.
Rent and leasing charges, salary, energy prices, insurance, and loan repayments are a few examples of fixed costs. There are some taxes that are fixed costs as well, such as company licenses.
Fixed costs are expenses that remain constant regardless of whether sales or production volumes rise or fall. This is so because they are not involved in the actual process of producing a good or providing a service. Fixed costs are therefore regarded as indirect costs.
The term "variable cost" refers to a sort of cost that will fluctuate in response to changes in production levels.
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5. Consider the supply chain involved when a customer orders a book from Amazon. Identify the
push/pull boundary and two process each in the push and pull phases.
Answers
Answer:
1. At pull stage Customers request for books. A pull system by Amazon was made through the use of ingram book group. They support booksellers in supply and demand of book buyers
2. The push strategy is made through the development of several warehouses. Procurement of inventory is done and peoples orders are sent out by utilizing pull strategy.
Processes in pull strategy:
1. Shipping
2. Order fulfilment
Processes in push strategy:
1. Stock replenishment
2. Production
What is the term for the relationship between printer and paper?
Printer and paper are
to each other.
NOT ANALOGY
Answers
Answer:
Complementary Products
Explanation:
Printers and papers are an example of complementary goods. Complimentary products are goods or services sold independently but must be used together. A complimentary good provides little or no satisfaction to the consumer on its own. It has to be used in combination with another good. In this case, a printer with no papers adds little value or no value to the owner.
Other examples of complementary goods are
Petrol and car.Guns and bulletsMobile phones and mobile phone credit Tennis balls and tennis racketsThe adjusted trial balance for Waterway Industries at the end of the current year, 2021, contained the following accounts. 5-year Bonds Payable 9% $3000000 Interest Payable 48000 Premium on Bonds Payable 98000 Notes Payable (3 months.) 38000 Notes Payable (5 yr.) 166000 Mortgage Payable ($13000 due currently) 200000 Salaries and wages Payable 16000 Income Taxes Payable (due 3/15 of 2022) 23000 The total long-term liabilities reported on the balance sheet are $_______.
Answers
Answer:
The total long-term liabilities reported on the balance sheet are $3,451,000.
Explanation:
Details Amount ($)
Bonds Payable 9% 3,000,000
Premium on Bonds Payable 98,000
Notes Payable (5 yr.) 166,000
Mortgage Payable (200,000 - 13,000) 187,000
The total long-term liabilities 3,451,000
Which statement is TRUE about the DTPA laundry list?
A) It is all inclusive.
B) Even if an act is not on the list, a judge can decide that it’s a violation.
C) All the acts on the list pertain to retail sales.
D) Real estate commission violations take priority over the DTPA laundry list violations.
Answers
The statement which is true about the DTPA laundry list is: B) Even if an act is not on the list, a judge can decide that it’s a violation.
What is the DTPA?DTPA is an acronym for Deceptive Trade Practices Consumer Protection Act and it can be defined as a law that is enforced by the Office of the Attorney General to protect consumers in Texas.
The main purpose of DTPA.It is a Texan law that was enacted to protect consumers against the following:
False, misleading, or deceptive business practices.Unconscionable actions.Breaches of warranty.What is DTPA laundry list?DTPA laundry list comprises the actions that are considered to be a violation of Section 17.46 of the Deceptive Trade Practices Consumer Protection Act (DTPA) law.
According to the DTPA laundry list, a judge is legally empowered by the Texas constitution to decide that an action is a violation of consumer rights, even if the act is not stated on the list.
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Steve Reese is a well-known interior designer in Fort Worth, Texas. He wants to start his own business and convinces Rob O’Donnell, a local merchant, to contribute the capital to form a partnership. On January 1, 2016, O’Donnell invests a building worth $130,000 and equipment valued at $140,000 as well as $60,000 in cash. Although Reese makes no tangible contribution to the partnership, he will operate the business and be an equal partner in the beginning capital balances.
To entice O'Donnell to join this partnership, Reese draws up the following profit and loss agreement:
- O'Donnell will be credited annually with interest equal to 10 percent of the beginning capital balance for the year
- O'Donnell will also have added to his capital account 15 percent of partnership income each year (without regard for the preceding interest figure) or $7,000, whichever is larger. All remaining income is credited to Reese.
- Neither partner is allowed to withdraw funds from the partnership during 2013. Thereafter, each can draw $5,000 annually or 20 percent of the beginning capital balance for the year, whichever is larger.
The partnership reported a net loss of $8,000 during the first year of its operation. On January 1, 2014, Terri Dunn becomes a third partner in this business by contributing $10,000 cash to the partnership. Dunn receives a 20 percent share of the business's capital. The profit and loss agreement is altered as follows:
- O'Donnell is still entitled to (1) interest on his beginning capital balance as well as (2) the share of partnership income just specified.
- Any remaining profit or loss will be split on a 5:5 basis between Reese and Dunn, respectively.
Partnership income for 2014 is reported as $64,000. Each partner withdraws the full amount that is allowed. On January 1, 2015, Dunn becomes ill and sells her interest in the partnership (with the consent of the other two partners) to Judy Postner. Postner pays $75,000 directly to Dunn. Net income for 2015 is $64,000 with the partners again taking their full drawing allowance On January 1, 2016, Postner withdraws from the business for personal reasons. The articles of partnership state that any partner may leave the partnership at any time and is entitled to receive cash in an amount equal to the recorded capital balance at that time plus 10 percent
a. Prepare journal entries to record the preceding transactions on the assumption that the bonus (or no revaluation) method is used. Drawings need not be recorded, although the balances should be included in the closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest dollar amount.)
b. Prepare journal entries to record the previous transactions on the assumption that the goodwill (or revaluation) method is used. Drawings need not be recorded, although the balances should be included in the closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest dollar amount.)
Answers
If the amount of gasoline purchased per car at a large service station has a population of $15 and a population standard deviation of$4 then 99.73% of all cars will purchase between $3 and $27
Answers
The range between $3 and $27 is three standard deviations away from the mean.
Since we know that 99.73% of the data falls within three standard deviations of the mean, we can estimate that 99.73% of all cars will purchase gasoline between $3 and $27.
According to the given information, the population mean is $15, and the population standard deviation is $4.
This means that 99.73% of all cars will purchase gasoline within three standard deviations of the mean, using the empirical rule.
Therefore, we can use the empirical rule to estimate the percentage of cars that will purchase gasoline between $3 and $27.
The empirical rule is also known as the 68-95-99.7 rule, which states that:Approximately 68% of the data falls within one standard deviation of the meanApproximately 95% of the data falls within two standard deviations of the meanApproximately 99.7% of the data falls within three standard deviations of the mean.
To find the number of standard deviations that correspond to $3 and $27, we need to calculate the z-scores.
The z-score formula is given as:z = (x - μ) / σwhere z is the standard score, x is the value of the variable, μ is the population mean, and σ is the population standard deviation.
To find the z-score for $3, we plug in the values:z = (3 - 15) / 4z = -3To find the z-score for $27, we plug in the values:z = (27 - 15) / 4z = 3.
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What is one of the main economic benefits of free trade?
A. It reduces competition between businesses in different countries.
B. It encourages countries to specialize in producing particular
goods.
c. It ensures that all countries follow strict worker protection laws.
D. It allows countries to become more economically independent.
Answers
Answer: It encourages countries to specialize in producing particular goods
The correct option is D). It allows countries to become more economically independent.
What is free trade?Free trade refers to the international trade in which countries can import and export goods without any tariff barriers or other non-tariff barriers to trade.
It open new markets, increase gross domestic product (GDP), and invite new investments which directly led to the economic development of a country.
Free trade increased exports and provide great number of choice of goods as well.
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Rohan wants to buy part of a company, and is interested in stocks. He knows that his favorite company, Apple, is traded on the stock market. Can he purchase stock in the company?
Answers
Answer:
Yes, he can buy stock in Apple.
Explanation:
External hiring reduces organizational diversity.
Answers
Answer:
The statement is not true.
Explanation:
External hiring does not reduce organizational diversity, it actually does the opposite: it increases organizational diversity.
External allows managers to include in their working teams new mebers who bring different knowledge and experience to the organization. In fact, one of the main motivations for managers to engage in external hiring is precisely increasing the variety of viewpoints inside the firm.
Is .gov a good website?
Answers
Answer: most websites with .gov in it are reliable.
If incomes rise, and hot dogs are an inferior good, then we would expect the price of hot dogs to rise true kr false
Answers
James has earned his doctorate in kinesiology and gone on several job interviews. He has been offered positions at different universities. James is planning to move out of state next year, so his primary factor for consideration is that he not be tied down to a long-term commitment. Which option would work the best for him?
a tenure-track position as an assistant professor at a liberal-arts college
a position as an adjunct professor at a technical college
The director of a community athletic center
a postdoctoral fellow at a university
Answers
¿In two to three sentences, explain why it is important to have insurance.?
Answers
Answer:
Explanation:
Insurance protects yourself, your assets, or even your family against financial loss. Oftentimes, events, such as cancer or a car accident, are random and have the potential to financially run people. Insurance is a way to reduce the financial impacts of these risks.
one word for they have a higher than normal price to create an image of exclusivity
Answers
Answer:
Everything which is exclusive is always expensive the higher price but quality work to create an image can give you a better result you should not compromise with the quality of the image to fit it in your budget a good image can give you a better reputation in the market the experience ones should be chosen in this manner always
Explanation:
Mark starts a new job in another state and decides to buy a house rather than renting one.
Which of the following is true if Mark buys the house?
Answers
He will have to pay a fix monthly cost to his landlord is true if Mark buys the house. Hence, option D is correct. For options the picture is attached.
What is fixed monthly cost?Fixed costs, also known as overhead costs, are expenses that don't move from month to month, regardless of the company's sales or production level. They must consequently be covered by the company, at least initially, as fixed costs.
A person's final production cost will be less after deducting the variable costs multiplied by the quantity you produced.
Thus, option D is correct.
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Braxwell Corporation acquired the following assets associated with a manufacturing facility for a lump-sum price of $9,400,000. According to independent appraisals, the fair values were $1,100,000, $2,200,000, $3,300,000, and $4,400,000 for the building, patent, land, and equipment, respectively. The initial value of the patent would be:
Answers
Answer:
purchase cost of patent = $1,880,000
Explanation:
total independent values = $1,100,000 + $2,200,000 + $3,300,000 + $4,400,000 = $11,000,000
we must allocate the purcahse cost proportionally:
purchase cost of building = $1,100,000/$11,000,000 x $9,400,000 = $940,000
purchase cost of patent = $2,200,000/$11,000,000 x $9,400,000 = $1,880,000
purchase cost of land = $3,300,000/$11,000,000 x $9,400,000 = $2,820,000
purchase cost of equipment = $4,400,000/$11,000,000 x $9,400,000 = $3,760,000
Evaluate whether Min-Chul is right to focus more on non-financial motivators than financial
motivators to attempt to motivate employees.
Answers
The most prevalent financial motivations occur at work and entail monetary rewards. These are your extrinsic motives, often known as carrots and sticks, which are used to encourage and reward employees for specific achievement behaviors.
Financial incentives drive workers and make them aware of what they stand to gain or lose depending on their performance when they are effectively conveyed. The employee can more easily provide for their families and materially better their lives outside of work thanks to this kind of inducement. Financial incentives can also raise short-term morale and productivity.
Naturally, not everyone is driven by money, and Gallup has discovered that there is no connection between engagement and pay scale. In addition, because of their monetary character, financial motivators frequently have declining returns. Less frequent non-financial motivators are frequently intangible and do not explicitly involve money. These can take various forms, such as acknowledgment, increased accountability and faith in a position, involvement in decisions, adaptable schedules, mentoring, feedback, and others.
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11. a. Suppose David spends his income M on goods x1 and x2, which are priced p1 and p2, respectively. David’s preference is given by the utility function
(1, 2) = √1 + √2.
(i) Derive the Marshallian (ordinary) demand functions for x1 and x2. (25 marks)
(ii) Show that the sum of all income and (own and cross) price elasticity of demand
for x1 is equal to zero. (25 marks) b. For Jimmy both current and future consumption are normal goods. He has strictly convex and strictly monotonic preferences. The initial real interest rate is positive. If the real interest rate falls, in each of the following cases, argue what will happen to his period 2 consumption level? Clearly illustrate your argument on a graph.
(i) He is initially a borrower. (25 marks)
(ii) He is initially a lender. (25 marks)
Answers
Answer:
Explanation:
D
Robert is the sole shareholder and CEO of ABC, Inc., an S corporation that is a qualified trade or business. During the current year, ABC has net income of $305,000 after deducting Robert's $91,500 salary. In addition to his compensation, ABC pays Robert dividends of $213,500.
a. What is Robert's qualified business income? $305,000? (correct)
b. What is Robert's qualified business income if you determined that reasonable compensation for someone with Robert's experience and responsibilities is $213500(incorrect), $91500(incorrect).
Answers
1. Robert's qualified business income is $305,000.
This is because Robert is the sole shareholder and CEO of ABC, Inc., an S corporation that is a qualified trade or business.
What is the net income and dividend?During the current year, ABC has net income of $305,000 after deducting Robert's $91,500 salary. In addition to his compensation, ABC pays Robert dividends of $213,500.
If Robert's experience and responsibilities are valued at $213,500, then his qualified business income would also be $213,500.
Robert's income of $91,500 falls under the category of reasonable compensation, and hence, he will not have to pay any self-employment tax.
If Robert's skills and obligations justify a fair salary of $91,500, his eligible business earnings would amount to $123,000. Robert's salary of $91,500 would be viewed as justifiable remuneration and therefore exempt from self-employment tax.
The sum of $213,500 that Robert obtained from ABC as dividends would be liable to the self-employment tax.
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The least expensive type of marketing research method is a(n)
Answers
Franklin Corporation is expected to pay a dividend of $1.25 per share at the end of the year (D1 = $1.25). The stock sells for $40.00 per share, and its required rate of return is 10.5%. The dividend is expected to grow at some constant rate, g, forever. What is the equilibrium expected growth rate?
Answers
If Franklin Corporation is expected to pay a dividend of $1.25 per share at the end of the year (D1 = $1.25). The equilibrium expected growth rate is 7.4%.
How to find the equilibrium expected growth rate?To calculate the equilibrium expected growth rate, we can use the Gordon Growth Model formula:
P0 = D1 / (r - g)
where:
P0 = the current stock price
D1 = the dividend expected to be paid at the end of the year
r = the required rate of return
g = the expected growth rate
We can rearrange this formula to solve for g:
g = r - (D1 / P0)
Substituting the given values, we get:
g = 0.105 - (1.25 / 40.00) = 0.074 or 7.4%
Therefore, the equilibrium expected growth rate is 7.4%.
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The change in technology and the globalization have brought new pattern of organizing
today's companies, and thus, the managers need to consider these new concepts in
organization's design process. With this statement, discuss the emerging issues in
organization design and architecture.
Answers
Following are the emerging issues in organization design and architecture:Technology and Globalization, Customer Relations,Technical Knowledge, Flexibility, Employee's Well-being.
Following are the emerging issues in organization design and architecture:
Technology and Globalization: The modern era's rapid technology and globalization have forced the organizations to adopt a new pattern of organizing. Managers are focusing more on technology and globalization and they are ensuring that the company can cope with the emerging challenges.Customer Relations: Customers are the major driving force in every business. To maintain the customer base, the managers need to focus on customer relations as the organization's design process should be centered around their needs. This will help the managers in creating a company that provides excellent customer service to its customers.Technical Knowledge: The success of an organization depends on the technical knowledge of its managers. Managers need to have knowledge about new and emerging technologies so that they can use them to enhance the organization's capabilities. In addition, managers need to know how to apply this technical knowledge to improve the organization's structure and operations.Flexibility: Flexibility is a crucial component in the organization's design process. The managers need to design the organization that is flexible enough to adapt to new changes and technologies. This will help the managers in keeping up with the rapidly changing business environment.Employee's Well-being: The well-being of employees is also a significant issue in the organization's design process. The managers need to design the organization in a way that the employees can work efficiently, and their personal needs are also met. This will help in improving the employee's productivity and motivation level and ensure their loyalty to the organization.For more such questions on Globalization
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Which of the following is not a determinant of demand? (1 point)
Oprices of related goods
consumer incomes
O cost of production
consumer preferences
Answers
The cost of production is not a determinant of demand. The correct option is c.
What is demand?Demand is a principle of economics that captures the consumer's desire to buy a product or service. The demand is calculated as the price the consumers are willing to pay for the product or service. If we keep all other factors constant, the demand should go up as the prices go down, and the demand should go down as the prices go up. This simple principle keeps the market in equilibrium.
Market and aggregate demand are used to understand the demand for goods and services.
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