TRUE/FALSE. in using variance reports, top management normally looks for significant variances

Answers

Answer 1

In using variance reports, top management normally looks for significant variances This statement is TRUE


- Variance reports are used to compare actual results with expected or budgeted results.
- Top management uses variance reports to identify significant deviations from the expected results.
- Significant variances can indicate areas of the business that are performing well or poorly.
- By focusing on significant variances, top management can make informed decisions and take appropriate actions to improve business performance.



In using variance reports, top management typically looks for significant variances. These are the deviations that fall outside of an acceptable range and require attention.

For example, if actual sales revenue is significantly lower than expected, top management may investigate the cause of the variance, such as a decrease in demand or a pricing issue. Conversely, if actual sales revenue is significantly higher than expected, top management may want to identify the factors that led to the positive variance and consider ways to sustain or improve that performance.

This may include adjusting budgets, changing strategies, or investing in new resources. In summary, the use of variance reports is a critical tool for businesses, and top management should focus on significant variances to drive decision-making and improve overall business performance.

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Related Questions

which scenario will most likely happen as employers and employees increase their usage of the internet in the job search process?

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As employers and employees increase their usage of the internet in the job search process, there is likely to be an increase in online job postings, and more efficient communication between employers and job seekers.

This could lead to a much faster turnaround time in the job search process, and quicker decisions from employers. Employers may also be able to better target job seekers, by using online job boards to find the right candidate for their role. Additionally, job seekers may be able to more quickly identify and apply to appropriate jobs, and receive faster updates on the progress of their application. This could lead to more successful job searches for all parties involved, and a more efficient job search process.

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As a producer, you are willing to supply the most goods at the highest price. This is because the highest
price earns you the

most demand
highest costs
most profits

Answers

Answer: most profits

Explanation:

The answer is C. The most profit

holding other factors constant, if a tax increase moves the government budget from deficit to surplus, then the real interest rate will and the equilibrium quantity of national saving and investment will . multiple choice increase; increase decrease; decrease increase; not change decrease; increase

Answers

Reduce your investment. Investors get poorer returns on their investments as tax rates climb. Investors are thus less likely to make investments.

Your funds are dispersed throughout several different kinds of assets. Spreading your money out in this manner helps to lower the danger. For instance, one asset class can perform well one year while another might underperform.

Over time, the prospective returns are more likely to be constant if your investment is dispersed over both of these assets rather as a fund that only invests in one kind of asset.

Because our active funds invest in a wider variety of assets than our passive funds do, you have a greater chance of seeing your money increase while also enjoying the benefits of risk diversification.

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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).

Cain Company reports net cash provided by operating activities of $35,000. It also reports the following

Answers

It can be seen from the solutions given that Cain's net income is $24,000.

Here is the solution:

Net income = Net cash provided by operating activities - Adjustments

= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000

= $24,000

Therefore, Cain's net income is $24,000.

Here is a breakdown of the adjustments:

To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.

A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.

The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.

A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.

A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.

A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.

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when did it become common for the national government to actively manage the overall economy?

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The national government began actively managing the entire economy starting in 1930.

Since the 1930s Great Depression, citizens have held the government accountable for preserving a robust economy. Governments become involved in their nations' economic operations. By putting currency reserves at centralized institutions, the Federal Reserve System started to play a role in aiding the American economy in preventing another downturn in the 1930s.

The provision of social programs by the government to its people may be the most contentious issue of all. The New Deal programs in the United States, many of which offered people assistance through jobs, cash, and food, are credited with starting the custom. President Lyndon Johnson presented his "GREAT SOCIETY" initiatives to alleviate poverty in the 1960s.

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Van and Amy Alberti live in Swarthmore, PA. Their son, Carlos, is an artist living in New York City.

с

1

G

X

M

M

For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP as part of consumption (C),

investment (1), government purchases (G), exports (X), or imports (M). Check all that apply.

Transaction

The town of Swarthmore puts on a fireworks display for the Fourth of July.

The Albertis build an addition on their house.

Van buys a sweater made in Guatemala.

>

Carlos paints a landscape and sells it to an art collector in Japan.

s

Amy gets a haircut.

Answers

The Albertis build an addition on their house. Government Purchases (G), Investment (I)

What is Investment?

Investment is the allocation of money to an asset or business in order to gain a return. Investors look for investments that can provide an expected rate of return, typically higher than what can be earned from a savings account or other risk-free investments. Investment types can include stocks, bonds, mutual funds, real estate, commodities, art, and other collectibles. Each of these investments carries varying levels of risk and rewards, so investors should carefully consider their options before investing. Investment goals should also be taken into account, as some investments may be better suited for short-term gains while others may be more beneficial for long-term growth.

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Which of the following is not an example of professional behavior
?

Answers

What are the answers?

Listed below are selected line items from the Cost of Quality Report for Watson Products for last month.

Category Amount
Rework $725
Equipment maintenance 1,154
Product testing 786
Product repair 695

What is Watson's total prevention and appraisal cost for last month?

Answers

Answer:

$1,940

Explanation:

Prevention cots are the costs incurred before the actual production in the design and implementation phase to prevent problems associated with the quality of a product . Examples are the training and the development cost.

Appraisal cost are quality control cost incurred after production but before products are dispatched to the customers ,  meant to ensure that the products meet up with the required standard to satisfy customers need. Example are the testing and the inspection test.

The total prevention and appraisal cost for last month for Watson are

Prevention cost -

Equipment maintenance - 1,154

Appraisal cost

Product testing - 786

Total                     1,940

Which questions would be appropriate to ask when defining a target audience

Which questions would be appropriate to ask when defining a target audience

Answers

In making sales, it's important to take into account the following audience aspects: demographics like gender and age . education or type of work. Their location inside a cell is determined by geography.

By the demography, what do you mean?

Statistics used to define populations and their features are called demographics. A population's characteristics, including such age, race, and sex, are studied through demographic analysis.

How would you define my demographic?

Our demographics, such as our ethnicity, age and generation, gender, wealth, marital status, education, & homeownership, describe who we are as people. Without identifying our personalities, these and other traits classify us.

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In the context of the employment-at-will doctrine, an employee who is discharged can sue for wrongful termination if:

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In the context of the employment-at-will doctrine, an employee who is discharged can sue for wrongful termination if the dismissal was made in violation of public policy. Although the employment-at-will doctrine allows employers to terminate an employee for any reason or no reason at all, there are certain exceptions to this general rule. In this context, wrongful termination arises if the termination of employment violates any of the exceptions.

The most commonly cited exception is that the termination of an employee is in violation of public policy.In general, the public policy exception states that an employee cannot be fired if the dismissal goes against a fundamental public policy that is reflected in the state's constitutional provisions, statutory provisions, or court decisions. For example, an employee may not be fired for refusing to commit an illegal act, serving on a jury, reporting a safety violation, or filing a workers' compensation claim.

However, the public policy must be clearly defined, and the employee's termination must be clearly linked to the violation of the public policy. The burden of proof rests with the employee in this regard, who must demonstrate that the termination was solely due to the public policy violation. Therefore, an employee who is discharged in violation of public policy may sue the employer for wrongful termination.

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The presence of a price control in a market for a good or service usually is an indication that.

Answers

In the absence of price regulations, officials considered that the price that was in place in that market was unjust to either buyers or sellers.

What is the difference between the buyer and seller?

Buyer is the one who buys or purchase the goods and services from the seller, he has to give some amount of money to purchase the commodity

Seller is the one who sells or give the goods and services to the buyer in return for the money.

Thus, In the absence of price regulations, officials

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Disadvantages of choosing a job that is extremely popular or in demand

Answers

The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.

What is a high demand job?

This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.

The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.

The number of qualified persons may become more than the job that is available for the people to do in the long run.

Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.

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Jackie has been selling gold rings for $50 each. her cost for the rings was $25. she learns that another store on the other side of the mall sells gold rings for $40. what information should jackie consider before deciding if she should change her price?

Answers

When adjusting the price of an established product, Jackie should have knowledge of the pricing considerations and strategies

What are the different types of pricing strategies?

There are 4 types of pricing strategies as follows :

Premium pricing strategySkimming pricing strategyValue pricing strategyPenetration pricing strategy.

In the aforesaid scenario, Jackie will employ a value pricing approach, in which he will reduce the product's cost in order to attract buyers, hence increasing the product's perceived worth.

Thus,

Pricing strategies information should be considered before introducing any changes in the price of the product.

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What is another term for "liable"?

A. being financially astute

B. having business acumen

C. being personally responsible

D. having regulatory control

Answers

Answer:

D

Explanation:

Liable means having control there for the answer is d

a printed pamphelt that describes goods for sale is called a?

Answers

Answer:

The term "marketing brochure" refers to a small document, or pamphlet, which describes and promotes various products or services to be marketed.

If you have a favorable sales volume variance, what must be true?.

Answers

Answer:

higher actual revenue than the standard revenue

Explanation:

Calculate the Social Security and Medicare tax that would be applied to an annual salary of $56,010. A. Social Security tax: $347. 26, Medicare tax: $81. 22 b. Social Security tax: $3,472. 62, Medicare tax: $812. 15 c. Social Security tax: $662. 16, Medicare tax: $81. 22 d. Social Security tax: $6,621. 60, Medicare tax: $812. 15 Please select the best answer from the choices provided A B C D.

Answers

The best answer from the choices provided is **Option C**.

For Social Security tax, the rate is 6.2% on the first $142,800 of earnings. Therefore, the Social Security tax for an annual salary of $56,010 would be:

$56,010 * 0.062 = $3,481.20

For Medicare tax, the rate is 1.45% on all earnings. Therefore, the Medicare tax for an annual salary of $56,010 would be:

$56,010 * 0.0145 = $812.15

Option C states that the Social Security tax is $662.16 and the Medicare tax is $81.22, which aligns with the calculations above.

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The supply and demand equations for a clothing product in a particular week are given by
p=0.7q+6 Supply Equation
p=-1.7q+18 Demand Equation
where p is the price in dollars and q is the quantity in hundreds
Find the equilibrium price and quantity.
Note:
The format of your answer for the price must be written as an integer with two decimals. Examples of this format is $8.35 or $4.00.
The format for the quantity must be written in only integer (in 100), for example 200 (not 2).

Answers

At the equilibrium point, the price for the clothing product settles at $9.50, while the corresponding quantity reaches 500 (in hundreds).

To find the equilibrium price and quantity, we need to set the supply equation equal to the demand equation and solve for the values of p and q.

0.7q + 6 = -1.7q + 18

Combining like terms, we have:

2.4q = 12

Dividing both sides by 2.4, we get:

q = 5

Substituting the value of q back into either the supply or demand equation, we can find the equilibrium price:

p = 0.7(5) + 6

p = 3.5 + 6

p = 9.5

Therefore, the equilibrium price is $9.50 and the equilibrium quantity is 500 (in hundreds).

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realistic job previews help prevent breaches of the psychological contract.
true/false

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The statement realistic job previews help prevent breaches of the psychological contract is true. General  the mental capacity has the biggest impact on how well a person performs at work.

Having the realistic job previews helps guard against psychological contract violations. Since the attitudes and conduct are so closely correlated, attitudes may nearly always be used to predict behaviour.

In the essence, it is utilised to give a potential employee behaviour a truthful understanding of what the job entails. Realistic job previews decrease both job happiness and turnover. For women and minorities, the glass ceiling symbolises real obstacles to entry-level jobs.

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A small business earns a profit of $6500 in January and $17,500 in May. What is the rate of change in profit for this time period? Explain.

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The rate of change in profit for this period is 169.23%.

What is the rate of change?

The rate of change shows the ratio or proportionality by which a value changes in relation to another.

We can determine the rate of change by dividing the difference in value by the former value and multiplying the quotient by 100.

Profit earned in January = $6,500

Profit earned in May = $17,500

Change in profit = $11,000 ($17,500 - $6,500)

Rate of change = 169.23% ($11,000/$6,500 x 100)

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write an explanation of how the iPhone goes from a design at Apple to a retail store shelf. Include at least four steps in the process.

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The journey of the iPhone from designing at apple to retail stores includes sending the design to the manufacturing unit where the materials are selected, then these material is arranged based on the design then polishing and finishing took place, and at last shipped to different countries' outlets.

What is iPhone?

An iPhone is the latest smart device introduced by the organization named apple with unique features of advanced technology. This phone provides the features of a computer in the phone itself.

The journey of the iPhone from design at apple to retail store shelf includes-

Decision-making for material selectionDevelopment of Device body partsAssembly of body parts and finishing which includes glass finishingTransported to various outlets.

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Which two methods can be used to pass conversion attributes such as model type, color, and year of production through a floodlight activity? (select two)

Answers

The two methods that can be used to pass conversion attributes such as model type, color, and year of production through a floodlight activity are: Custom Floodlight Variables, Dynamic Remarketing.

Custom Floodlight Variables (CFV): Custom Floodlight Variables allow you to pass custom data through a Floodlight tag. This method involves creating custom parameters in the Floodlight tag and then passing data through those parameters from the conversion page. For example, you could create a custom parameter called "model" and pass the model type through that parameter.

Dynamic Remarketing: Dynamic Remarketing allows you to show ads to users based on the specific products or services they viewed on your website. This method involves passing data such as product ID, model type, color, and year of production through a Floodlight tag on the product page. This data is then used to show relevant ads to users who viewed that product.

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3. ______ are defined as goods or services that are required for health and safety.

Answers

Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.

What is the safety of goods?

A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.

Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.

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Concord Company borrowed 5730000 from Bank Two on January 1, 2020 in order to expand its mining capabilities. The five-year note required annual payments of $178040 and carried an annual interest rate of 6% What is the amount of interest expense Concord must recognize on its 2021 income statement? a. 53574560 b. $29965.60 c. $2280260 d. $43800.00

Answers

Therefore, the amount of interest expense Concord must recognize on its 2021 income statement is $343,800.None of the options provided match the correct amount.

To calculate the amount of interest expense Concord must recognize on its 2021 income statement, we need to determine the interest portion of the annual payment.

The annual payment is $178,040, and the interest rate is 6% on a $5,730,000 loan.

The interest expense can be calculated using the formula:

Interest Expense = Principal Amount * Interest Rate

Interest Expense = $5,730,000 * 0.06

Interest Expense = $343,800

Therefore, the amount of interest expense Concord must recognize on its 2021 income statement is $343,800.

None of the options provided match the correct amount.

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The prices for all kinds of fish sold in Eastville's downtown Old Market are much lower than the prices charged at uptown seafood stores. Old Market vendors buy fish of similar quality from the same wholesalers and at the same prices as uptown vendors do. Therefore, since Old Market fish vendors' businesses are as profitable as those uptown, the volume of the Old Market vendors' daily fish sales must, on average, be higher.

Which of the following, if true, most strengthens the argument given?
A. People who buy fish at Old Market stores generally have lower incomes than do those who buy fish from uptown seafood stores.
B. Some varieties of fish that are not available at Old Market stores can be found occasionally at uptown seafood stores.
C. Vendors at the old Market save on energy costs by keeping fish on ice instead of in refrigerated cases.
D. Many of the people who live in uptown Eastville prefer to buy fish from the neighborhood stores.
E. Fish vendors at the Old Market do not, on average, have lower overhead costs than uptown vendors do.

Answers

Answer:

The most correct answer is D

aapi cesare organizational specific plans that have legal origin and basis. a)true b)false

Answers

The statement "Aapi cesare organizational specific plans that have legal origin and basis" is unclear and seems to contain a typographical error or is not a complete sentence.

However, based on the given text, it is not possible to determine whether the statement is true or false. If the intended statement is "Organizational specific plans have a legal origin and basis," the answer would depend on the specific context and nature of the plans in question. Some organizational plans may have legal origins and bases, such as policies and procedures that comply with laws and regulations. For example, employment policies may be based on labor laws, and financial plans may adhere to accounting regulation. However, not all organizational plans necessarily have a legal origin and basis. Many plans, such as strategic plans, operational plans, or marketing plans, are developed based on internal considerations, industry best practices, or organizational goals, rather than being legally mandated.

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Witch of the following is a current asset?
A- Employee
B- Land
C- Supplies
D- Mortage

Answers

I feel like C would be the answer

which of the following is not a financial intermediary? multiple choice a credit union a real estate brokerage firm a mutual fund an insurance company

Answers

A financial intermediary is a financial institution that operates between a lender and a borrower to help them exchange financial resources. It collects funds from the lender and then gives them to the borrower while earning profits on the difference between what it pays to the lender and what it charges the borrower.

The following is not a financial intermediary:

Real estate brokerage firm A real estate brokerage firm is an organization that specializes in helping people buy and sell properties. Brokers act as intermediaries between buyers and sellers by matching them and facilitating the transaction. However, they are not classified as financial intermediaries because they do not collect funds from a lender and give them to a borrower.

In contrast, credit unions, mutual funds, and insurance companies are classified as financial intermediaries because they engage in the collection and distribution of funds from lenders to borrowers. Credit unions receive deposits from their members and then loan out the funds to other members who require them.

Mutual funds pool money from various investors and then invest it in financial markets. Insurance companies collect premiums from policyholders and then provide financial compensation in the event of a loss.

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Theta Inc. uses normal costing and applies overhead based on direct material costs. The predetermined overhead rate for the current year is 250% of direct material costs. During the year, $3,500,000 of direct material costs and $4,000,000 of direct labor costs were incurred. Theta's applied overhead is:

a. $9,375,000.

b. $1,600,000.

c. $8,750,000.

d. $1,400,000.

Answers

Answer:

a. $9,375,000.

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consider the market for books. what would happen to the equilibrium price and quantity of books if consumer incomes rise? (assume that books are a normal good.)

Answers

If consumer incomes rise, the demand for books would increase, as people would have more disposable income to spend on leisure activities such as reading. This would shift the demand curve to the right, causing a higher equilibrium price and quantity of books.

The equilibrium price would increase as the quantity demanded would be higher at each price level, and the equilibrium quantity would increase as well since there is more demand for books.
The shift in demand would also incentivize book sellers to produce more books, as they would be able to sell them at a higher price, leading to an increase in the supply of books. However, the increase in supply would not be as great as the increase in demand, as the production of books takes time, and it would take time for book sellers to adjust to the new market conditions.
Overall, an increase in consumer incomes would lead to a higher equilibrium price and quantity of books in the market, as the demand for books would increase due to higher disposable income.

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