which of the following statements is true of political behavior? a.by providing subordinates with autonomy, managers are likely to promote political behavior. b.even if a manager's actions are not politically motivated, others may assume that they are. c.managers should cover up disagreements so that subordinates will have less opportunity for political behavior. d.political behavior is always a manifestation of good intent. e.managers should use power if they want to avoid charges of political motivation.
Answers
By providing subordinates with autonomy, managers are likely to promote political behavior is the true about political behavior .
Political behavior is any unofficial attempt to sway a decision. This kind of activity excludes formal influence attempts that are required by a person's job description.
Education, gender, occupation, family, and so forth are a few of them. The "family," one of these variables, is the most important institution in which all social and political processes are transmitted since a person's birth. It has been demonstrated by numerous studies that a person's family adopts and maintains a political attitude.
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Related Questions
The Federal Reserve uses ____ when it lowers the interest rate charged to banks on short-term loans.
Answers
There are different ways to keep money. The Federal Reserve uses fiscal policy when it lowers the interest rate charged to banks on short-term loans.
What is fiscal policy?Fiscal policy is simply known as a kind of policy where there is the use of government spending and taxation to influence some alterations in the economy.
Governments often use fiscal policy to boast strong and sustainable growth and lower the rate of poverty in the country.
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Which of the following is an example of successful corporate branding?
A. A company's logo is memorable
O B. A company's logo colors stand out
O C. A company is a leader in fast food
D. A company's tagline gets your attention
Answers
A successful example of corporate branding is a memorable logo of the company.
What is Corporate Branding?
Corporate branding is the practice of promoting a corporate entity's brand name rather than particular goods or services. Because a corporate brand often has a considerably wider reach than a product or service brand, different actions and ways of thinking are involved in corporate branding.
Therefore, corporate branding is the process of presenting a company's image or identity to customers. Typically, a company's brand reflects its values, brand voice, and messaging. Building corporate brands is a common strategy used by marketing experts to show how they want the company to be seen.
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Look at the following email (attached). Name two good email netiquette practices used in the
email. Name two poor email netiquette practices
Answers
Two good email etiquettes practices used in email are:
Inserting a SubjectKeep the email short and restricted to three paragraphs.Two bad email etiquettes used in the email above are:
Indiscriminate use of the exclamation markDiscussing personal issues in a formal email.What are email etiquettes?The use of acceptable language, standards, and politeness in an email is referred to as email etiquette. Business emails often need formal language as well as rigorous respect to appropriate grammar and spelling.
Five useful E-mail Etiquette are:
Address your addressee appropriately. Check, double-check, and triple-check that you have the right spelling of the recipient's name and title.Proper greetings and closing statements should be used.Format correctly.Avoid using ALL CAPS.Large files should be compressed.Learn more about email etiquette:
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List the type of banking service that you think each person below would be most likely to use. Explain your answer.
Answers
1. A young professional who travels frequently and needs convenient access to banking services: This person would most likely utilize online banking services.
Online banking provides the convenience of accessing banking services and managing accounts anytime and anywhere through internet banking platforms and mobile apps. It allows users to check balances, transfer funds, pay bills, and perform various banking transactions without the need to visit a physical branch.
2. A small business owner who deals with a large volume of cash transactions: This person would likely benefit from cash management services. Cash management services offered by banks help businesses handle cash effectively, including cash deposit and withdrawal services, cash vault services, armored transportation, and cash flow analysis. These services assist in optimizing cash flow, reducing the risk of theft, and ensuring the smooth operation of cash-intensive businesses.
3. A retiree who prefers personal interaction and assistance with financial matters: This individual may prefer to utilize traditional banking services at a physical branch. Visiting a branch allows for face-to-face interaction with bank staff who can provide personalized assistance and guidance on various financial matters. They can assist with account management, investment advice, retirement planning, and other specific needs that the retiree may have.
4. A tech-savvy individual who frequently makes online purchases and wants secure transactions: This person would benefit from using digital payment services such as mobile wallets or digital payment platforms. These services offer secure and convenient payment options for online purchases, in-store payments, and peer-to-peer transactions. They often utilize encryption and other security measures to safeguard personal and financial information, providing a secure and efficient payment experience.
It's important to note that individuals may use a combination of banking services based on their specific needs and preferences. The examples provided highlight the types of services that align with the described individuals' characteristics and requirements.
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Explain one reason why a business may use social media to promote
Answers
Answer:
Social media offers many benefits to business owners, as it allows them to reach out to their customers and to gain the attention of more people/potential customers
Explanation:
Some retirement planning experts suggest that you start retirement planning while you are:
A. in school.
B. in college.
C. in graduate school.
D. middleaged.
E. still employed.
Answers
Some retirement planning experts suggest that you start retirement planning while you are (E) Still employed.
This allows you to take advantage of retirement savings options offered by your employer, such as a 401(k) or pension plan, and gives you more time to save and invest for your future. However, it's never too early to start thinking about retirement, so starting in school, college, graduate school, or even in your middle-aged years can also be beneficial. The earlier you start, the more time you have to save and benefit from the power of compound interest.
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Items a through l represent possible errors and fraud that you suspect may be present at rex company. the accompanying list of auditing procedures represents procedures that the auditor would consider performing to gather evidence concerning possible errors and fraud. for each item, select one or two procedures, as indicated, that the auditor most likely would perform to gather evidence in support of that item. the procedures on the list may be selected once, more than once, or not at all.
Answers
Answer:
a. Compare the details of cash receipts with journal entries.
b. Prepare a bank transfer schedule.
c. Confirm the terms of borrowing with the lenders agreement.
d. Send request to confirm the entity's account receivable balance.
e. Inspect payroll data of employees and cross check with the transaction recorded.
f. Obtain cut off bank statement to reconcile the transaction.
g. Examine the selected repair order and physically examine the equipment whether repair work is don or not.
h. Examine the supporting documents for the invoice such as purchase order, goods received note and Purchase requisitions.
i. Inspect the payroll endorsements for similar handwriting.
Explanation:
Audit is mandatory for all the companies. The verified financial statements are considered as reliable because they are rechecked by the auditors and if any error or fraud is found it is immediately corrected and rectified. Audit is a critical process which involves objectivity and integrity of a person. The auditors must be independent and they should not have any familiarity with the business employees or owners.
Consider a market where production of a good generates a negative externality. In the market equilibrium:_________.a. there is no deadweight loss. b. firms are not maximizing profit. c. too little of the good is being produced. d. too much of the food is being produced e. the external costs have been internalized,
Answers
Answer:
d. too much of the good is being produced
Explanation:
A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced. Government can discourage the production of activities that generate negative externality by taxation
A variety of pea plant called Blue Persian produces a tall plant with blue seeds. A second variety of pea plant called Spanish Dwarf produces a short plant with white seed. The two varieties are crossed and the resulting seeds are collected. All of the seeds are white and when planted they produce tall plants. These tall F1 plants are allowed to self-fertilize. The results for seed color and plant statue in the F2 are as follows:
F2 Plant Phenotype Number
Blue seed, tall plant 97
White seed, tall plant 270
Blue seed, short plant 33
White seed, short plant 100
TOTAL 500
Required:
Calculate the chi-square value for this experimental data
Answers
The correct option is Option D. 11.714. Chi-square test is used for testing the independence of two categorical variables.
The formula for calculating chi-square is: χ² = ∑(O - E)²/E Where: χ² = chi-square; O = observed values; E = expected values. From the given question, a variety of pea plant called Blue Persian produces a tall plant with blue seeds. A second variety of pea plant called Spanish Dwarf produces a short plant with white seed. The two varieties are crossed and the resulting seeds are collected. All of the seeds are white and when planted they produce tall plants. These tall F1 plants are allowed to self-fertilize. The results for seed color and plant statue in the F2 are as follows: F2 Plant Phenotype Number Blue seed, tall plant 97 White seed, tall plant 270 Blue seed, short plant 33 White seed, short plant 100
TOTAL 500 In the F2 generation, the offspring of self-fertilization, the tall plants are 97 + 270 = 367; and
the short plants are 33 + 100 = 133.
The expected numbers are calculated as:E(BS,TP) = (BS/500) * (TP/367) * 500 = 96.76E(WS,TP) = (WS/500) * (TP/367) * 500 = 270.24
E(BS,SP) = (BS/500) * (SP/133) * 500 = 32.24E(WS,SP) = (WS/500) * (SP/133) * 500 = 133.76
From the observed and expected values, the Chi-square value can be calculated as:
χ² = ∑(O - E)²/E= ((97 - 96.76)² / 96.76) + ((270 - 270.24)² / 270.24) + ((33 - 32.24)² / 32.24) + ((100 - 133.76)² / 133.76) = 0.003 + 0.021 + 0.654 + 11.036 = 11.714
So, the Chi-square value for this experimental data is 11.714. Therefore, the correct option is Option D. 11.714.
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Express the elements in pointwise which are required in employment notice
Answers
It's too short. Write at least 20 characters to explain it well.
The loan amount is $60,000, and the monthly principal and interest payment will be $459.00 a month for 30 years. how much interest will be paid over the term of the loan?
Answers
For a $60,000 loan with a monthly payment of $459.00 for a 30-year term, the total interest paid over the life of the loan can be calculated.
To determine the total interest paid over the term of the loan, we need to subtract the principal amount borrowed from the total amount paid.
In this case, the principal amount is $60,000, and the monthly payment is $459.00 for a 30-year term.
First, we calculate the total amount paid over the loan term by multiplying the monthly payment by the number of months in 30 years (360 months):
Total Amount Paid = Monthly Payment * Number of Months
Total Amount Paid = $459.00 * 360
Total Amount Paid = $165,240.00
Next, we subtract the principal amount from the total amount paid to determine the interest paid:
Interest Paid = Total Amount Paid - Principal Amount
Interest Paid = $165,240.00 - $60,000
Interest Paid = $105,240.00
Therefore, over the 30-year term of the loan, the borrower will pay $105,240.00 in interest.
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A corporate accountant is preparing financial statements to be distributed to internal managers. The company should prepare the income statement usingMultiple Choicea. absorption costing because it is better for controlling purposes. b. variable costing because it is better for planning purposes. c. absorption costing because it follows GAAP. d. variable costing because it follows GAAP.
Answers
The company should prepare the income statement using option c. absorption costing because it follows GAAP in order to distribute the financial statements to the internal managers.
The company should prepare the income statement using absorption costing because it follows GAAP (Generally Accepted Accounting Principles). GAAP requires that all manufacturing costs, including fixed overhead costs, are included in the cost of goods sold on the income statement.
Variable costing, on the other hand, only includes variable manufacturing costs in the cost of goods sold and treats fixed overhead costs as period expenses. While variable costing may be useful for certain planning purposes, it does not comply with GAAP.
Absorption costing is in line with the Generally Accepted Accounting Principles (GAAP), which are the standard accounting rules and practices used in the United States. This method allocates both fixed and variable costs to the production of goods, making it suitable for financial reporting purposes.
Therefore, the correct option is c. absorption costing because it follows GAAP.
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Johnson Bailey and Kailey Clark's corporation, Bailey-Clark Financial, is branching out into the field of escrow handling. They know the corporation must be licensed by the State of California. There are a total of 5 officers, trustees, and other employees who will have access to the money or negotiable securities in the possession of the corporate license, and have furnished a bond of indemnification against loss. Has the corporation fulfilled all necessary licensing requirements to work in escrow handling?
Answers
Answer: No
Explanation:
In carrying out proper work that has to do with financial claims, it is relevant to always consider all terms in place before carrying out the work. Johnson Bailey and Kailey Clark's corporation, Bailey-Clark Financial must meet the requirements in section A and B in addition and the cooperation must furnish a surety bond in some amount depending on what's considered on yearly basis on average trust fund obligations.
Reggie needs to buy a snowblower, but he has a gravel driveway and is concerned that the machine will pick up stones, causing a malfunction. This is what type of risk?.
Answers
Reggie needs to buy a snowblower, but he has a gravel driveway and is concerned that the machine will pick up stones, causing a malfunction. This is a type of performance risk.
When a customer has doubts that the product, which he is interested in buying, will not meet up the standards he has thought of, then such a sick with that kind of product is referred to as performance risk.
A person fears that the usability of the product might not be as good as he is thinking of while making a decision of buying that product.
In the above case, Reggie wants to buy a snowblower but is concerned about its malfunctioning due to the gravel stones. It shows that Reggie is concerned that the snowblower will not be able to work as properly as he expects. Hence, this is an example of performance risk.
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In business, a group of people who work together in an attempt to achieve some specific purpose is known as a(n) _____. Multiple choice question
Answers
A team is a collection of individuals working towards a common goal or set of goals. In order to fulfil a shared mission or particular goal, a team is made up of individuals who work together on a variety of interdependent duties.
Some teams only last for a certain amount of time, such as design teams working on brand-new products or teams dedicated to continual process improvement. Others are ongoing, like a department team that frequently meets to discuss objectives, activities, and performance. Careful alignment is necessary in a large-team organisation. Although the structure will become more complicated as teams and people interact with other teams, the fundamentals of building understanding and trust will still be applicable. Knowing how various organisational units and processes are interconnected.
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Megha is a taekwondo expert who starts her own martial arts training academy. She conducts taekwondo classes for women and teaches them the art of self-defense. Megha can be regarded as a(n)
Answers
As Megha, who is a taekwondo expert that starts her own martial arts training academy, also conducts taekwondo classes for women and teaches them the art of self-defense, then, Megha can be regarded as an entrepreneur.
Who is an entrepreneur?This refers to the individual that starts and runs a business with limited resources, planning and responsible for all the risks and rewards of their business venture. Their business idea often entails a new product or service rather than an existing business model.
Because of the features possessed by an entrepreneur, therefore, Megha can be regarded as an entrepreneur because of her taekwando classes.
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what are the advantages and disadvantages of having business partner in a sole proprietorship business
Answers
Answer:
Advantages of having a business partner in a sole proprietorship business:
Shared responsibility: A business partner can share the responsibility of managing and operating the business, which can help reduce the workload for the sole proprietor.Shared risk: By having a business partner, the sole proprietor can share the risks associated with running the business, which can help reduce financial and personal risk.Access to more resources: With a business partner, the sole proprietor can access more resources, such as capital, skills, and expertise, which can help the business grow and expand.Disadvantages of having a business partner in a sole proprietorship business:
Shared decision-making: With a business partner, the sole proprietor must share decision-making authority, which can lead to disagreements and conflicts.Shared profits: A business partner is entitled to a share of the profits, which can reduce the sole proprietor's income.Liability for partner's actions: In a partnership, each partner is jointly and severally liable for the actions of the other partners, which means that a sole proprietor may be liable for the actions of their business partner.Risk of partnership dissolution: A business partnership may dissolve if one partner wants to leave, retire or dies, which can have a negative impact on the business.Overall, while having a business partner in a sole proprietorship can bring benefits such as shared responsibility, shared risk and access to more resources, it also involves shared decision-making, shared profits, liability for partner's actions and the risk of partnership dissolution. It is important to carefully consider these factors before entering into a partnership to ensure that the benefits outweigh the potential drawbacks.
Imagine that you have no money and you have to leave home and live by yourself. Make a list of the ten most important things that you would take with you and explain why.
Answers
Answer:
food clothes water
Explanation:
their the basic needs of an individual
How much is it to start a buissness?
Answers
Answer:the average cot to start a business is 30,000
Explanation:
In which categories did the Chung’s expenditures exceed the amount they had budgeted?
Answers
Answer:
There were four major expense categories in which a significant spending variance occurred through the third quarter in the Ongoing Operations component of the 2007 Corporate Operating Budget: Outside Services-Personnel expenditures were $28 million, or 21 percent, less than budgeted.
Explanation:
which feature should be used prior to finalizing a presentation to ensure that the audience members with disabilities will be able to understand the message that a presenter is trying to get across
Answers
Answer:
B: Accessibility Checker
Explanation:
(Algo) Manufacturing: Preparation of a complete master budget LO P1, P2, P3
The management of Zigby Manufacturing prepared the following balance sheet for March 31.
ZIGBY MANUFACTURING
Balance Sheet
March 31
Assets Liabilities and Equity Cash $ 59,000 Liabilities Accounts receivable 455,000 Accounts payable $ 215,400 Raw materials inventory 93,000 Loan payable 31,000 Finished goods inventory 433,000 Long-term note payable 500,000 $ 746,400
Equipment $ 638,000 Equity Less: Accumulated depreciation 169,000 469,000 Common stock 354,000 Retained earnings 408,600 762,600
Total assets $ 1,509,000 Total liabilities and equity $ 1,509,000
To prepare a master budget for April, May, and June, management gathers the following information.
Sales for March total 25,000 units. Budgeted sales in units follow: April, 25,000; May, 17,000; June, 22,400; and July, 25,000. The product’s selling price is $26.00 per unit and its total product cost is $21.65 per unit.
Raw materials inventory consists solely of direct materials that cost $20 per pound. Company policy calls for a given month’s ending materials inventory to equal 50% of the next month’s direct materials requirements. The March 31 raw materials inventory is 4,650 pounds. The budgeted June 30 ending raw materials inventory is 5,900 pounds. Each finished unit requires 0.50 pound of direct materials.
Company policy calls for a given month’s ending finished goods inventory to equal 80% of the next month’s budgeted unit sales. The March 31 finished goods inventory is 20,000 units.
Each finished unit requires 0.50 hour of direct labor at a rate of $15 per hour.
The predetermined variable overhead rate is $4.60 per direct labor hour. Depreciation of $39,713 per month is the only fixed factory overhead item.
Sales commissions of 5% of sales are paid in the month of the sales. The sales manager’s monthly salary is $4,900.
Monthly general and administrative expenses include $34,000 for administrative salaries and 0.8% monthly interest on the long-term note payable.
The company budgets 30% of sales to be for cash and the remaining 70% on credit. Credit sales are collected in full in the month following the sale (no credit sales are collected in the month of sale).
All raw materials purchases are on credit, and accounts payable are solely tied to raw materials purchases. Raw materials purchases are fully paid in the next month (none are paid in the month of purchase).
The minimum ending cash balance for all months is $59,000. If necessary, the company borrows enough cash using a loan to reach the minimum. Loans require an interest payment of 1% at each month-end (before any repayment). If the month-end preliminary cash balance exceeds the minimum, the excess will be used to repay any loans.
Dividends of $29,000 are budgeted to be declared and paid in May.
No cash payments for income taxes are budgeted in the second calendar quarter. Income tax will be assessed at 35% in the quarter and budgeted to be paid in the third calendar quarter.
Equipment purchases of $100,000 are budgeted for the last day of June.
Required:
Prepare the following budgets for the months of April, May, and June:
1. Sales budget.
2. Production budget.
3. Direct materials budget.
4. Direct labor budget.
5. Factory overhead budget.
6. Selling expense budget.
7. General and administrative expense budget.
8. Schedule of cash receipts.
9. Schedule of cash payments for direct materials.
10. Cash budget.
11. Budgeted income statement for entire second quarter (not monthly).
12. Budgeted balance sheet at June 30.
Answers
1. Sales Budget of april, may and june a is $650,000, $442,000 and $582,400 respectively.
What is Sales Budget?
1. Sales Budget:
April:
Units: 25,000
Sales: 25,000 x $26 = $650,000
May:
Units: 17,000
Sales: 17,000 x $26 = $442,000
June:
Units: 22,400
Sales: 22,400 x $26 = $582,400
2. Production Budget:
April:
Units to produce: 25,000 units + 20,000 units (desired ending inventory) - 20,000 units (beginning inventory) = 25,000 units
Units to be produced = 25,000 units ÷ 0.80 (80% of next month sales) = 31,250 units
May:
Units to produce: 17,000 units x 1.25 (25% increase) + 25,000 units (desired ending inventory) - 25,000 units (beginning inventory) = 29,375 units
Units to be produced = 29,375 units ÷ 0.80 = 36,719 units (rounded)
June:
Units to produce: 22,400 units ÷ 0.80 = 28,000 units
Units to be produced = 28,000 units + 100,000 units (equipment purchases) + 36,719 units (May ending inventory) - 43,750 units (June ending inventory) = 120,969 units (rounded)
3. Direct Materials Budget:
April:
Direct materials required for production: 31,250 units x 0.50 pound per unit = 15,625 pounds
Add desired ending inventory: 5,900 pounds
Total needs: 21,525 pounds
Less beginning inventory: 4,650 pounds
Direct materials to be purchased: 16,875 pounds
Direct materials cost: 16,875 pounds x $20 per pound = $337,500
May:
Direct materials required for production: 36,719 units x 0.50 pound per unit = 18,359.5 pounds (rounded up to 18,360 pounds)
Add desired ending inventory: 6,280 pounds
Total needs: 24,640 pounds
Less beginning inventory: 5,900 pounds
Direct materials to be purchased: 18,740 pounds
Direct materials cost: 18,740 pounds x $20 per pound = $374,800
June:
Direct materials required for production: 120,969 units x 0.50 pound per unit = 60,485 pounds
Add desired ending inventory: 7,050 pounds
Total needs: 67,535 pounds
Less beginning inventory: 6,280 pounds
Direct materials to be purchased: 61,255 pounds
Direct materials cost: 61,255 pounds x $20 per pound = $1,225,100
4. Direct Labor Budget:
April:
Units to produce: 31,250 units
Direct labor per unit: 0.50 hour
Total direct labor hours: 31,250 units x 0.50 hour per unit = 15,625 hours
Direct labor cost: 15,625 hours x $15 per hour = $234,375
May:
Units to produce: 36,719 units
Direct labor per unit: 0.50 hour
Total direct labor hours: 36,719 units x 0.50 hour per unit = 18,360 hours
Direct labor cost: 18,360 hours x $15 per hour = $275,400
June:
Units to produce: 120,969 units
Direct labor per unit: 0.50 hour
Total direct labor hours: 120,969 units
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The set of actions the federal reserve uses in order to manage the economy is known as.
Answers
The set of actions the federal reserve uses in order to manage the economy is known as Monetary policy.
What is federal reserve?
The Federal Reserve System (also referred to as the Reserve as well as simply the Fed) is the United States of America's central banking system. It was established on December 23, 1913, with passage of the Federal Reserve Act, following a series of financial meltdowns (particularly the e.g. fear of 1907) that prompted a desire for central control of a monetary system to alleviate financial crises. Events such as the Depression of the 1930s as well as the Great Recession in the 2000s have led to the Federal Reserve System's roles and responsibilities expanding over time. In the Federal Reserve Act, Congress established three key monetary policy objectives: maximising employment, stabilising prices, as well as moderating long-term borrowing costs.
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A conservative financing plan involvesSelect one:a. heavy reliance on debt.b. heavy reliance on equity.c. high degree of financial leverage.d. high degree of combined leverage.
Answers
A conservative financing plan involves heavy reliance on debt. Hence option (a) is the answer.
What is a conservative working capital financing policy?Conservatism in investing places an emphasis on minimizing risk while maintaining the purchasing power of one's capital. The majority of low-risk securities, including treasuries and other high-quality bonds, money markets, and cash equivalents, will often be given a relatively high allocation in conservative investment plans. To keep the company's assets and obligations in balance and to protect against unforeseen issues, a conservative working capital policy is typically implemented.
Accounting conservatism in investing places an emphasis on minimizing risk while maintaining the purchasing power of one's capital. The majority of low-risk securities, including Treasuries and other high-quality bonds, money markets, and cash equivalents, will often be given a relatively high allocation in conservative investment plans.
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Joshua Potts owes a balance of $6,000 on one credit card that charges 19 percent interest. He can pay off the balance in 2 years with monthly payments of $303. He has an installment loan with a balance of $2,000 on which he still has 24 remaining payments of $107. He can get a home equity loan for $8,000 at 6 percent interest. He can repay the loan in 2 years with monthly payments of $355. How much will Joshua save if he takes out a home equity loan to pay off his credit and installment debt?
Answers
The amount that will be saved when he takes out a home equity loan will be $1320.
How to calculate the amount saved on the loanFor the first loan, the total amount that will be paid will be:
= $303 × 24
= $7272
For the second loan, the total amount that will be paid will be:
= $107 × 24
= $2568
For the third loan, the amount that will be paid will be:
= $355 × 24
= $8520
The amount paid together in loan by credit will be:
= $2568 + $7272
= $9840
Therefore, the money that's saved will be:
= $9840 - $8520
= $1320
In conclusion, the amount saved is $1320.
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Item 2 The following data have been extracted from the records of Puzzle Incorporated: February August Production level, in units 9,600 20,160 Variable costs $ 27,840 $ ? Fixed costs ? 34,300 Mixed costs 25,984 ? Total costs $ 88,124 $ 142,930 Required: Calculate the missing costs. Calculate the cost formula for mixed cost using the high–low method. Calculate the total cost that would be incurred for the production of 13,824 units. Identify the two key cost behavior assumptions made in the calculation of your answer to part c. cost behavior pattern relevant range
Answers
The missing costs are:
Variable costs for August = $116,620.80Fixed costs for February = $34,300Mixed costs for August = $1,009.20The cost formula for the mixed costs is: Total cost = $36,176.80 + ($5.78 x Production level) + Mixed cost.
The two key cost behavior assumptions made in the calculation of the answer to part c are:
The assumption that the mixed costs are linear within the relevant range of production levels.The assumption that the variable cost per unit remains constant within the relevant range of production levels.How to Solve the Problem?To calculate the missing costs, we need to use the high-low method to separate the mixed costs into their fixed and variable components. The high-low method involves taking the highest and lowest production levels and their corresponding total costs and using them to calculate the variable cost per unit and the fixed cost.
Using the data given, we can find the missing costs as follows:
Variable costs for August:
Variable cost per unit = (Total cost at highest production level - Total cost at lowest production level) / (Highest production level - Lowest production level)
Variable cost per unit = ($142,930 - $88,124) / (20,160 - 9,600)
Variable cost per unit = $5.78
Variable costs for August = Variable cost per unit x August production level
Variable costs for August = $5.78 x 20,160
Variable costs for August = $116,620.80
Fixed costs for February:
Fixed costs = Total costs - (Variable costs + Mixed costs)
Fixed costs = $88,124 - ($27,840 + $25,984)
Fixed costs = $34,300
Mixed costs for August:
Mixed costs = Total costs - (Fixed costs + Variable costs)
Mixed costs = $142,930 - ($34,300 + $116,620.80)
Mixed costs = $1,009.20
Therefore, the missing costs are:
Variable costs for August = $116,620.80
Fixed costs for February = $34,300
Mixed costs for August = $1,009.20
Using the high-low method, we can calculate the cost formula for the mixed costs as follows:
Variable cost per unit = ($142,930 - $88,124) / (20,160 - 9,600)
Variable cost per unit = $5.78
Using the highest production level and its corresponding total cost, we can find the total fixed cost:
Total cost at highest production level = Fixed cost + (Variable cost per unit x Highest production level) + Mixed cost
$142,930 = Fixed cost + ($5.78 x 20,160) + $1,009.20
Fixed cost = $36,176.80
Therefore, the cost formula for the mixed costs is: Total cost = $36,176.80 + ($5.78 x Production level) + Mixed cost.
To calculate the total cost for the production of 13,824 units, we can use the cost formula for mixed costs:
Total cost = $36,176.80 + ($5.78 x 13,824) + $1,009.20
Total cost = $107,683.16
The two key cost behavior assumptions made in the calculation of the answer to part c are:
The assumption that the mixed costs are linear within the relevant range of production levels.
The assumption that the variable cost per unit remains constant within the relevant range of production levels.
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A large bakery buys flour in 25 kg bags. The bakery uses an average of' 4,860 bags a year. Preparing an order and receiving a shipment of flour bags involves a cost of $10 per order. Annual holding cost is $5 per flour bag. a) Determine the economic order quantity.
b) What is the average number of bags on hand (i.e., in inventory)?
c) How many orders per year will there be?
d)Calculate the total annual cost of ordering and holding flour.
e)If ordering costs were to increase by 50 percent order, by what percentage would the EOQ change?
Answers
a) Economic Order Quantity(EQO):Economic Order Quantity can be calculated using the following formula. \(EOQ = \sqrt{\frac{2DS}{H}}\)Where D = Annual Demand in Units S = Ordering Cost per Order H = Annual Holding Cost per UnitThen EOQ will be: \(EOQ
= \sqrt{\frac{2*4,860*10}{5}}\)= \(\sqrt{19,440}\) = \(139.28\) (approx.)The economic order quantity is 139 bags.b) Average Number of Bags on Hand:To find out the average number of bags on hand, we can use the following formula: \(Average\ number\ of\ bags\ on\ hand = \frac{EOQ}{2}\)= \(\frac{139}{2}\) = \(69.5\) (approx.)The average number of bags on hand is 69.5 bags.c)
Number of Orders per Year:We can find the number of orders per year by using the following formula: \(Number\ of\ Orders\ per\ Year = \frac{D}{EOQ}\)= \(\frac{4,860}{139}\) = \(34.89\) (approx.)So, there will be 34 orders per year.d) Total Annual Cost of Ordering and Holding Flour:Total Annual Cost of Ordering and Holding Flour can be calculated using the following formula:
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10 POINTS PLEASE HELP ASAP
What kind of product should a country produce to obtain the maximum gains from trade?
A.
Products that have the lowest opportunity cost of production.
B.
Products that have the highest opportunity cost of production.
C.
Products that need to be produced using the most expensive resources.
D.
Products that can be produced with a minimum number of resources.
Answers
Answer:
I wanna say D
Explanation:
hope that helps
The products that can be produced with a minimum number of resources a country should produce to obtain the maximum gains from trade. Thus option (D) is correct.
What is Trade?Trade refers to the voluntary exchange of goods or services between economic actors. Since transactions are consensual, trade is generally considered to benefit both parties.
In finance, trading refers to purchasing and selling securities or other assets. In international trade, the comparative advantage theory states that trade benefits all parties.
Most classical economists advocate for free trade, but some development economists believe protectionism has advantages. In macroeconomics, trade usually refers to international trade, the system of exports and imports that connects the global economy.
A product sold to the global market is an export, and a product bought from the global market is an import. Exports can account for a significant source of wealth for well-connected economies.
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A company is required to have material data safety sheets for what types of materials? read more >>.
Answers
Any product that is thought to be a harmful chemical must have a safety data sheet. The Hazard Communication Standard (HCS) defines a hazardous chemical as any material that puts human health or safety at risk.
What kinds of materials need material data safety sheets in a business?The creation or acquisition of an MSDS is needed for each hazardous chemical produced or imported by manufacturers and importers. With the initial shipment of the chemical, as well as after an MSDS is updated, all distributors and employers must be provided with the pertinent MSDS.
What do safety data sheets serve as a means of?A safety data sheet (SDS, also known as a material safety data sheet) is an essential tool for understanding the risks associated with the use, handling, and storage of dangerous goods and/or hazardous substances in the workplace and can help reduce or eliminate those risks.
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Answer:
In the United States, OSHA requires employers to make material safety data sheets available to employees for any harmful substance that is handled in their workplace.
Explanation:
Intro to Business and Technology Course
What type of periodization uses changes in volume and intensity on a daily or weekly basis?
Answers
The type of periodization that uses changes in volume and intensity on a daily or weekly basis is known as daily undulating periodization (DUP).
The type of periodization that uses changes in volume and intensity on a daily or weekly basis is known as daily undulating periodization (DUP). This approach involves varying the volume and intensity of exercises throughout the week, with high and low days for each variable. The goal is to provide a greater stimulus for muscle growth and strength gains by constantly challenging the body with varying degrees of stress. This type of periodization is popular among athletes and bodybuilders who are looking to maximize their results and avoid hitting training plateaus.
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