Answers
Answer:
$1,632
Explanation:
Calculation for volume variance for SALES
Using this formula
Volume variance for SALES = (Actual units sold - Budgeted units to be sold) × Budgeted selling price
Let plug in the formula
Volume variance for SALES= (1,006 - 989)
×$96
Volume variance for SALES=17×$96
Volume variance for SALES= $1,632
Therefore the Volume variance for SALES will be $1,632
Related Questions
You deposit $1,800 at the end of each year into an account paying 10.6 percent interest.
a. How much money will you have in the account in 16 years?
Answers
Answer:
4852.80
Explanation:
1800×10.6%= 190.80 / year
190.80 × 16 years = 3052.80
3052.80 + 1800=
4852.80
Consider the following BPMN diagram:
Answers
If we look at the process model, we can see that Task A is the first task and must always be completed in order for the model to be run. Further observation reveals that because an exclusive gateway is employed, any of the two jobs, B and C, is carried out individually rather than simultaneously. As we continue to move through the BPMN diagram, we see that task M is the conversing task and is therefore always run along with a networks message flow from it to task F, which is done as soon as a message is received in pool 2 and finishes.
An item of networking hardware or software called a gateway is used in telecommunications networks to allow data to go from one distinct network to another.
The way that gateway differ from routers and switches is that they can join various networks using more than one protocol to communicate and that they can function at any of the seven OSI levels.
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which of the following is not an advantage of budgeting?
Answers
Explanation:
where are the options of the question
Answer:
wasting of money
Explanation:
because that's is disadvantages of budgeting
Your parents said you could purchase a new car for graduation. You
want to show them that you can be responsible and take the
necessary steps in purchasing a car. Make a list of the steps you
need to take to make your big purchase. Make sure to address
economics questions and concepts.
Answers
The steps we need to take for a big purchase are look at your financial picture, check your credit score and report, figure out finance, plan the purchase ,make the deposit.
What is finance?The study and science of money, money and capital assets is known as finance, commonly referred to as financial economics. It is associated with economics, which is the study of how money, assets, goods, and services are produced, distributed, and consumed, but it is not the same thing. Assets, such as currencies, loans, bonds, shares, stocks, options, futures, etc., are bought, sold, or traded as financial instruments in a financial system. To enhance value and reduce loss, assets can also be invested in, insured, and banked. Risks are, in fact, a constant in all financial transactions and companies.
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concept of the value in marketing
Answers
In marketing, value is defined as the difference between a prospective customer's appraisal of the benefits and costs of one product versus others.
What is the market value?Market value is the price that purchasers are willing to pay for an asset in the marketplace. In the case of publicly traded assets or entities, it is also known as market capitalization and is computed by multiplying the current price by the number of outstanding units.
There are a number of components that go into establishing the market value of various assets, such as corporations, and real estate, it involves a lot more than knowing share prices.
The value of intangibles and the future worth of linked assets can also be considered in determining corporate market value. Market value is more than a price; it reflects the genuine underlying value, not just the perceived value.
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The initial cash outlay of a project is X is Rs 100,000 and it can generate cash inflow of Rs 40,000, Rs 30,000, Rs 50,000 and Rs 20,000 in year 1 through 4. Assume a 10 per cent rate of discount. Assume that a project Y requires an outlay of Rs 50,000 and yields annual cash inflow of Rs 12,500 for 7 years at the rate of 12%.
Answers
On the net present value analysis, project Y is expected to generate a higher return on investment compared to project X.
To evaluate the two projects, X and Y, we will calculate their net present value (NPV) using the given cash inflows, discount rate, and initial cash outlay.
For project X:
The cash inflows for each year are Rs 40,000, Rs 30,000, Rs 50,000, and Rs 20,000 for years 1 through 4, respectively.
The initial cash outlay is Rs 100,000.
The discount rate is 10%.
To calculate the NPV, we discount each cash inflow to its present value using the discount rate and subtract the initial cash outlay:
NPV(X) = (40,000 / (1 + 0.10)^1) + (30,000 / (1 + 0.10)^2) + (50,000 / (1 + 0.10)^3) + (20,000 / (1 + 0.10)^4) - 100,000
Simplifying the calculations:
NPV(X) = 36,363 + 24,793 + 34,979 + 13,167 - 100,000
= 9,302
The net present value (NPV) for project X is Rs 9,302.
For project Y:
The cash inflow for each year is Rs 12,500 for 7 years.
The initial cash outlay is Rs 50,000.
The discount rate is 12%.
Using the same formula as above, we calculate the NPV for project Y:
NPV(Y) = (12,500 / (1 + 0.12)^1) + (12,500 / (1 + 0.12)^2) + ... + (12,500 / (1 + 0.12)^7) - 50,000
Simplifying the calculations:
NPV(Y) = 11,161 + 9,960 + 8,888 + ... + 3,637 - 50,000
= 11,042
The net present value (NPV) for project Y is Rs 11,042.
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[Total = 25marks]
QUESTION 2
a. Azon and Son Ltd acquired use of plant over three years by way of a lease. Installments of
GhC700,000, are paid six monthly in arrears on 30 June and 31 December. Delivery of the plant
was on 1 January 2010 so the first payments of GhC700,00 was on 30 June 2010. The present
value of minimum lease payments is GhC3,000,000, Interest implicit in the above is 10% per six
months. The plant would normally be expected to last three. Azon and Son is required to insure
the plant and cannot return it to the lessor without severe penalties.
Required
i. Describe whether the above lease should be classified as an operating or finance
1
Answers
A significant portion of the asset's economic life—three years—is covered by the lease period. The minimum lease payment present value is GhC3,000,000, which is essentially the entire leased asset's fair market value.
The equivalent of monthly rent, a lease payment is formally stipulated in a contract between two parties and gives one party the right to use the other party's real estate holdings, manufacturing equipment, computers, software, or other fixed assets for a predetermined period of time.
A lease payment will be shown as a right-of-use asset and lease liability on the balance sheet. The ROU asset is the ownership of the asset under the lease contract, whereas the lease liability period is the payment obligation during the course of the lease contract.
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Explain how the classification of risks into categories such as ‘high’, ‘medium’ or ‘low’, helps entities manage their businesses
Answers
Explanation:
Classification of the customers is done under three risk categories viz. low, medium, and high. Customer’s identity, Social/financial status, Nature of business activity, Information about the client’s business and their location, etc. are some of the parameters in the risk assessment strategy of the financial institutions.
Explain the technique to make change in counter transactions correctly.
Answers
Answer:
The correct ways to prepare a customer's change over the counter are:
Explanation:
1. In the cash drawer, store each denomination together in a section
2. As you receive cash, straighten them out and arrange them uniformly. Let every bill be faced in the same direction.
3. Deduct the total price of goods bought from the total amount handed to you by the customer.
4. The result from the above calculation is the customer's change.
5. Peek into the cash drawer and neatly pick out the notes or bills that make up this amount.
6. Carefully replace the shifted bills or coins in the drawer.
7. Place your hands on the desk or in sight of the customer and count the change for them to see.
8. Hand it over to the customer!
Sales taxes, income taxes, and motor fuel taxes are examples of which class of nonexchange transactions
Answers
Answer:
Derived tax revenues.
Explanation:
Derived tax revenues lead from the assessment that are charged on the transactions i.e. exchanged like income tax, sales tax. It lead from the assessment that charged on non government entities except the assessment that imposed on the exchange transactions
So according to the given situation, the sales tax, income tax etc would be the examples of the derived tax revenues
Which of the following helps make the management process efficient?
Answers
Answer:
Explanation:
Efficient processes require constant monitoring and optimization to observe an increase. As the famous management consultant Peter Drucker said, “If you can't measure it, you can't manage it”. Any process you have should be measurable to take action and improve process efficiency.
Calculate the present value of the following sequence of willingness to pay: $150 this year; $150 next year; $150 in year 2, and $50 in year 3. Use a 5% discount rate. Recalculate using an 3% discount rate. Show your work. What is the effect of using a lower discount rate on the present value of the stream of willingness to pay
Answers
Answer:
$472.10
$482.78
decreasing the discount rate increases the present value of the willingness to pay
Explanation:
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Cash flow in year 0 - 2 = $150
Cash flow in year 3 = $50
PV when I is 5% = 472.10
PV when I is 3% = 482.78
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Analyze this sample W-2 and answer the questions that follow.
Answers
When this form is sent to Lily by the end of January, she will use it to c. File her income taxes
What is the W-2 form?The W-2 form is a form that is sent to all employees and the Internal Revenue Service by the employers.
The intent of this form is to declare the annual wages of the employee and the taxes that they are meant to pay to the government. This is why the form is sent to Lily at the end of January and she will use it to file her income tax.
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Complete Question:
1. This form will be sent to Lily by the end of January. She will use this W-2 form to...
a.Obtain employment
b.Receive her paycheck
c.File her income taxes
d.Begin her retirement savings
The following income statements are provided for Li Company's last two years of operation: Year 1 Year 2 Number of units produced and sold 3,500 3,000 Sales revenue $ 101,500 $ 87,000 Cost of goods sold 68,000 60,000 Gross margin 33,500 27,000 General, selling, and administrative expenses 13,000 12,000 Net income $ 20,500 $ 15,000 Assuming that cost behavior did not change over the two-year period, what is the annual amount of the company's fixed manufacturing overhead
Answers
760000
Explanation:
trust the process
The ultimate purpose of economics is
Answers
Answer:
The ultimate purpose of economics is to understand and promote the enhancement of well-being. Which is literally to study how individuals make choices.
Explanation:
I hope this helps!
The ultimate purpose of economics is to study and understand how societies allocate scarce resources to meet unlimited human wants and needs.
What are the benefits?It analyzes production, consumption, and distribution of goods and services, along with the factors influencing these processes. Economics seeks to optimize resource allocation to achieve maximum efficiency, growth, and welfare for society.
Through the analysis of supply, demand, prices, and market interactions, it provides insights into economic behaviors, policies, and decision-making. By addressing issues like poverty, unemployment, and inflation, economics aims to improve overall well-being and quality of life, contributing to sustainable and prosperous societies.
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what are the categories under the demographic segmentation
Answers
Answer:
Age, gender, religion, incomes and family status.
Explanation:
Demographic segment is one of the methods for STP in marketing. As the name employees demographic related to people. The segmentation follows dividing people in terms of the age, gender, religion, race, family and income basis.This segmentation focuses on the psychological and behavioural traits of company or organisation and how business tends to operate and manage work. Focuses the client or customer centric model.the following balance where extracted from the book of Alfsal, a sole trader as at 31/12/2014 capital 198000 ,drawing 10700, building 300000, office equipment (cost le 22000) 15000, patent 24000, delivery van at cost63000, Accumulated depreciation delivery vans 14000, stock 01/01/2014 29000, sale485,000, purchase 196000, return outward 5300, return inward 17000, creditor 21900, debtor 34800, discount received 1400, wages and salaries 105,000, general expenses 13000,stationary 4800, tem loan(received on 01/04/2014) 50,000. vat 17300. provision for bad debts 2500. Advertising 5700. insurance 9,000. loan interest paid 1,000. bank42,600. PRSI/USU 10,200. profit and loss balance 01/01/2014 65,000. you are given the following aditional information: stock for resale at 31/12/2014 was le 19,000. stationary paid in advance was le 1,200. provision should be made for interest due on loan. the rate of interest is 6%per annum. wages and salaries are to be divided 75%for employees and drawings. building 10% of cost. delivery van 10% of net book value. office equipment 20% of cost. provision for bad debts is to be adjusted to 10% of debtors . you are required to prepare a trading and profit and loss account for the year ended 31/ 12/2014. balance sheet as at 31/12/2014.
Answers
Here is the trading and profit and loss account for the year ended 31/12/2014:
The Trading and Profit and Loss AccountFor the year ended 31/12/2014
Particulars Amount
Sales €485,000
Less: Cost of Goods Sold €196,000
Gross Profit €289,000
Less: Expenses
- Wages and Salaries (75%) €78,750
- General Expenses €13,000
- Stationary €4,800
- VAT €17,300
- Provision for Bad Debts €3,480
- Advertising €5,700
- Insurance €9,000
- Loan Interest €600
- PRSI/USU €10,200
Net Profit €157,370
Here is the balance sheet as at 31/12/2014:
Balance Sheet
As at 31/12/2014
Assets Liabilities
Cash €42,600
Bank €1,200
Debtors €34,800
Stock €19,000
Capital €213,570
Drawings €10,700
Building €300,000
Office Equipment €15,000
Patent €24,000
Delivery Vans €49,000
Accumulated Depreciation €28,000
Provision for Bad Debts €3,730
Loan €50,000
Profit and Loss €157,370
Total €618,570
Total €618,570
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A long-term incentive is a type of
incentive given to employees that
is designed to be paid over
or longer.??
Answers
7 habits of stephen coveys sharpening the saw
what is something you'd work on improving if you had the time?
what is the best way to balance your brain? body? heart? soul?
what are some ways you can keep your sw sharp while in school and then also in your profession?
Answers
Take some time each day to reflect on how you can be better in all aspects of your life, Make sure to set aside time to exercise.
What is life ?Life is a journey that is unique to each individual. It is filled with highs and lows, successes and failures, joys and sorrows. Life is an opportunity to learn, grow, and experience new things. It is an adventure that can be filled with purpose and meaning, or filled with aimless wandering. Life is a funny thing - it can be taken for granted, but it is also precious and should be cherished.
Eating a healthy and balanced diet is essential for keeping your saw sharp, make sure to get enough sleep each night,reading helps to keep your mind sharp by exposing you to new ideas, make sure to set aside time to relax and unwind and staying connected.
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The payroll register of the Fox Manufacturing Company showed total employee earnings of $32,000 for the week ended April 19, 2019. Compute each of the employer's payroll taxes for the period. Use a rate of 6.2 percent for the employer’s share of the social security tax, 1.45 percent for Medicare tax, 0.6 percent for FUTA tax, and 5.4 percent for SUTA tax. Assume all earnings are taxable.
Social security tax
Medicare tax
FUTA
SUTA
Answers
Answer:
Social security tax =$1,984
Medicare tax=$464
FUTA tax=$192
SUTA tax=$1,728
Total =$4,368
Explanation:
Computation of each of the employer's payroll taxes for the period for Fox Manufacturing Company.
Using this formula
Tax= Base× Rate =Amount
Let plug in the formula
Social security tax=$32,000×6.2% =$1,984
Medicare tax=$32,000×1.45%=$464
FUTA tax=$32,000×0.6%=$192
SUTA tax=$32,000×5.4%=$1,728
Total=$4,368
Therefore,
Social security tax =$1,984
Medicare tax=$464
FUTA tax=$192
SUTA tax=$1,728
Total =$4,368
Trans-Atlantic Quotes. Separated by more than 3,000 nautical miles and five time zones, money and foreign exchange markets in both London and New York are very efficient. The following information has been collected from the respective areas: London New York Spot exchange rate ($/€) 1.3268 1.3268 1-year Treasury bill rate 3.902 % 4.497 % Expected inflation rate Unknown 1.248 % a. What do the financial markets suggest for inflation in Europe next year? b. Estimate today's 1-year forward exchange rate between the dollar and the euro. a. What do the financial markets suggest for inflation in Europe next year? The rate the financial markets suggest for inflation in Europe next year is nothing%.
Answers
Answer:
Trans-Atlantic Quotes.
Separated by more than? 3,000 nautical miles and five time? zones, money and foreign exchange markets in both London and New York are very efficient. The following information has been collected from the respective? areas:
London New York
Spot exchange rate ($/€) 1.3265 1.3265
1-year Treasury bill rate 3.904% 4.499%
Expected inflation rate Unknown 1.247 %
a. What do the financial markets suggest for inflation in Europe next? year?
b. Estimate? today’s 1-year forward exchange rate between the dollar and the euro. ?(Round to three decimal? places.)
Explanation: Because this is known that the SER is about 1.3265 1.3265 the expected inflation rate would be a ?
1.247
The rate the financial markets suggest for inflation in Europe next year is 1.247%.
What is inflation?The rate at which prices increase over a specific time period is known as inflation. Inflation is often measured in broad terms, such as the general rise in prices or the rise in a nation's cost of living.
Each unit of currency may purchase fewer products and services as the general price level rises, hence inflation is associated with a decline in the purchasing power of money.
Demand-pull, cost-push, and inflation expectations are the three basic sources of inflation that can be categorized broadly.
The causes of inflation include an increase in government expenditure, hoarding, tax cuts, and price increases on global markets. These elements cause prices to increase. Additionally, rising prices as a result of rising demand lead to inflation.
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Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of 8,488. The FICA tax for social security is 6.2% and the FICA tax rate for Medicare is 1.45%. The FUTA tax rate of 0.6% and the SUTA tax rate of 5.4% are applied to the first $7,000 of an employee's pay. The amount of federal income tax withheld from her earnings was $1,325.17. What is the total amount of taxes withheld from the Portia's earnings?
A) $3,097.17.
B) $2,443.21.
C )$1,957.06.
D) $1,722.00.
E) $1,495.36.
Answers
Answer: $1,974.51
Explanation:
FUTA and SUTA taxes are the responsibility of the employer so the amount withheld from Portia's earnings will be;
= Social security tax + Medicare tax + Federal income tax withheld
= (0.062 * 8,488) + ( 0.0145 * 8,488) + 1,325.17
= 526.26 + 123.08 + 1,325.17
= $1,974.51
Option is not given but this is the answer.
Explain what is meant by the saying that consumers "vote" with their dollars every time they buy products in the marketplace
Answers
What is meant by means of pronouncing that consumers "vote" with their greenbacks every time they purchase merchandise inside the marketplace when purchasers purchase something, they send a message to companies regarding their shopping for preferences, helping to direct use resources
The definition of a consumer is a person that buys goods and services. An instance of the customer is someone who purchases a brand new tv. A heterotrophic organism feeds on different organisms in a meal chain.
The consumer is the only one who's the end-person of any items or offerings. Any person, aside from the consumer who buys the product or offerings, and consumes the product via taking his/her permission is categorized as a customer.
Consumers represent the top trophic stages. not like producers, they can't make their personal food. To get electricity, they eat vegetation or different animals, even as some devour each. Scientists distinguish between numerous forms of customers. primary clients make up the second one trophic degree.
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Which of these describes what can happen with an adjustable-rate mortgage?
A. The annual fees decrease each year as the loan gets closer to being paid off.
B. The percentage paid on property goes up or down from year to year.
C. The amount of principal owed on the mortgage changes as the housing market changes.
D. The monthly mortgage payments go up or down from year to year.
Answers
Answer:
The monthly mortgage payments go up or down from year to year.
Explanation:
In the adjustable-rate mortgage, monthly mortgage payments go up or down from year to year.
What is mortgage?A mortgage is often known as a mortgage loan. It is a contract between the borrower and a mortgage lender that permits the borrower to buy or refinance a home without having to pay the entire amount upfront.
Monthly mortgage payments on an adjustable-rate mortgage fluctuate from year to year according to the payment of installments of the mortgage.
Therefore, option D is correct.
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Super Computer Company's stock is selling for $100 per share today. It is expected that, at the end of one year, it will pay a dividend of $6 per share and then be sold for $114 per share. Calculate the expected rate of return for the shareholders. A) 20% B) 15% C) 10% D) 25%
Answers
Answer: A. 20%
Explanation:
The expected return takes into account whatever dividends and capital gains accrue to a stock over the period.
Expected return = (Price at end of period + Dividends - Price at beginning of period) / Price at beginning of period
= (114 + 6 - 100) / 100
= 20/100
= 20%
Assignment: Create a Marketing Plan
Answers
Your targeted marketing and advertising actions are outlined in a marketing plan for a set time period, often the following 12 months.
The purpose of a marketing planA marketing strategy can assist you in identifying your target market and the advantages your product or service can provide for it. determine how you might entice new clients. Encourage your current clients to keep using your product or service.
What are the five marketing strategies?The five marketing Ps—Product, Pricing, Promotion, Place, and People—serve as a framework for marketing initiatives and help keep marketers focused where they should be.
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Then create a newspaper article/blog post/video (information/explanatory writing) to explain the factors a
consumer should consider when buying an automobile.
Answers
A self-propelled passenger vehicle for land transport that typically has four to eight tyres and is powered by an internal combustion engine or an electric motor. Automobile engineering refers to the branches of engineering that deal with the design and manufacturing of automobiles.Automobiles now play a significant role in our lives, which cannot be imagined without the modern world's luxuries. Because the automobile is used for both passenger and cargo transportation, it is a human lifeline. An automobile is a human-controlled vehicle that is not driven by humans.The number of doors, the arrangement of seats, and the roof structure are frequently used to categorise automotive body designs. Roofs on automobiles are traditionally supported by pillars on each side of the body.
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Which of the following budgeting options increases the marketing budget by the rate of the company's inflation?
rule of thumb budgeting
objective and task budgeting
competitive budgeting
arbitrary budgeting
Answers
Answer:
D. objective and task budgeting I believe
Explanation:
Really difficult, but not impossible, to determine the tasks necessary to reach goals and estimating the costs associated with tasks
Using the readings for this unit as a guide, discuss what you see as the role of ethics as it pertains to management and managers. Does management, in your view, help shape the values and ethics of an organization? What about an organization’s sustainability efforts and commitment? On whom does the responsibility to consider sustainability fall? Is employee behavior, ethical or not, a by-product of the organization's ethical climate? What ideally is the manager's role in helping to create and maintain organizational integrity?
Answers
Managers must be committed to making decisions in accordance with core values such as honesty, integrity, respect for others, taking responsibility for their actions and being accountable for them. To be an effective, ethical leader, managers must learn how to spot ethical issues in their organization.
Social responsibility is a business's duty to make ethical decisions that positively impact society. Organizations need to consider how their actions affect communities to create long-lasting trusting relationships. In order to be socially responsible, companies must strictly follow their codes of ethics.
Which of the following statement is correct?
a. firms in monopoly can sell non-commodities while firms in monopolistic competition cannot.
b. firms in monopoly can sell a commodity while firms in monopolistic competition cannot.
c. firms in monopoly are price setters while firms in monopolistic competition are not.
d. firms in monopoly can make economic profit in the short run while firms in monopolistic competition cannot.
Answers
Answer:
the correct answer I to this question is c