The difference between Mr. Vu and his family and employees is that he is an individualist and egoistic person, while the others are docile and willing to be silent partners.
What is Culture?This is the way of life of a group of people who are bound together by a family bond.
Here, we can see that from the given scenario, there is the description of the character of Mr Vu and how there is a stark contrast between his individualist self and the docile and willingness to be silent partners by his family members.
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Assume that you are the president of your company and paid a year-end bonus according to the amount of net income earned during the year. When prices are rising, would you choose a FIFO or weighted average cost flow assumption? Explain, using an example to support your answer. Would your choice be the same if prices were falling?
As the president of the company, at a time when the prices are said to be rising, what is would do is to choose the Weighted average cost.
Why I would have to choose the Weighted average costThis due to the fact that it is going to be more satisfactory to have the lower Bonus bill.
The year end bonus is an amount that is calculated from all of the net income from the year.
A lower net income is only going going to help to bring about a smaller bonus bill.
At a time when the prices are falling, the FIFO is what would be the best choice. It gives a smaller ending cost of inventory since the ending prices are going to be at their lowest.
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Marco Company shows the following costs for three jobs worked on in April.
Job 306 Job 307 Job 308
Balances on March 31
Direct materials used (in March) $ 29,000 $ 37,000
Direct labor used (in March) 24,000 18,000
Overhead applied (March) 12,000 9,000
Costs during April
Direct materials used 134,000 210,000 $ 120,000
Direct labor used 104,000 155,000 103,000
Overhead applied ? ? ?
Status on April 30 Finished (sold) Finished (unsold) In process
Additional Information
Raw Materials Inventory has a March 31 balance of $89,000.
Raw materials purchases in April are $550,000, and total factory payroll cost in April is $386,000.
Actual overhead costs incurred in April are indirect materials, $54,000; indirect labor, $24,000; factory rent, $34,000; factory utilities, $21,000; and factory equipment depreciation, $55,000.
Predetermined overhead rate is 50% of direct labor cost.
Job 306 is sold for $650,000 cash in April.
Required:
1. Determine the amount of overhead applied to each job in April.
The determination of the amount of the overhead applied to each job in April based on the predetermined overhead rate of 50% of direct labor cost for Marco Company is as follows:
Job 306 Job 307 Job 308
Overhead applied in April $52,000 $77,500 $51,500
What is overhead allocation?Overhead allocation is the process of assigning overhead costs to jobs or units of products.
Some companies use the predetermined overhead rate, which is a companywide (departmental) rate while others use the ABC overhead rates, which are based on the activity levels.
Data and Calculations:Overhead allocation = 50% of direct labor cost
Job 306 Job 307 Job 308
Direct labor used $104,000 $155,000 $103,000
Overhead applied in April $52,000 $77,500 $51,500 ($103,000 x 50%)
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can someone help me!
1. The following table shows sales of a shoe company during years 2020 and 2021. Forecast the next four points, i.e., Spring, Summer, Fall, and Winter of 2022.
Date # of shoes sold
Spring 2020
Summer 2020 12000 D2
9000 D1
Fall 2020
Winter 2020 4000 D4
Winter 2021
2. Use the same table in the question one and this time use the moving average method to forecast F5, F6, F7, F8.
8000 D3
Spring 2021
Summer 2021 13000 D6 Fall 2021 7500 D7
8500 D5 3300 D8
Using the moving average method, F5, F6, F7, and F8 are as follows:
F5 = 8,250 (33,000/4)
F6 = 8,125 (32,500/4)
F7 = 8,375 (33,500/4)
F8 = 8,250 (33,000/4).
What is the moving average method?The moving average method is a technique that creates a series of averages.
To compute a moving average, add up all the data points during a specific period and divide the sum by the number of periods.
Data and Calculations:Date Number of shoes sold
Spring 2020 9000 D1
Summer 2020 12000 D2
Fall 2020 8000 D3
Winter 2020 4000 D4
Spring 2021 8500 D5
Summer 2021 13000 D6
Fall 2021 7500 D7
Winter 2021 3300 D8
Using the moving average method to forecast F5, F6, F7, and F8 are as follows:
Date Number of shoes sold
Spring 2020 9000 D1
Summer 2020 12000 D2
Fall 2020 8000 D3
Winter 2020 4000 D4
Spring 2021 8500 D5 F5 = 8,250 (33,000/4)
Summer 2021 13000 D6 F6 = 8,125(32,500/4)
Fall 2021 7500 D7 F7 = 8,375 (33,500/4)
Winter 2021 3300 D8 F8 = 8,250 (33,000/4)
Thus, using the moving average method, F5, F6, F7, and F8 are as follows:
F5 = 8,250 (9,000 + 12,000 +8,000 + 4,000/4)
F6 = 8,125 (32,500/4)
F7 = 8,375 (33,500/4)
F8 = 8,250 (33,000/4).
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Consider a bond selling at par with modified duration of 10.6 years and convexity of 210. A 2% decrease in yield would cause the price to increase by 21.2% according to the duration rule. What would be the percentage price change according to the duration-with-convexity rule? Group of answer choices 25.4%
Based on the calculation done below, the percentage price change according to the duration-with-convexity rule is 25.4%.
Calculation of Percentage Price Change According to the Duration-With-Convexity RuleThe percentage price change according to the duration-with-convexity rule can be calculated using the following formula:
∆P/P = (-D*∆y) + (1/2) * (Convexity * (∆y)^2) …………………. (1)
∆P/P = Percentage change in price = ?
D = Modified duration = 10.6
∆y = Change or decrease in yield = -2%, or -0.02
Convexity = 210
Substitute the values into equation (1), we have:
∆P/P = (-10.6*-0.02) + (1/2) * (210 * (0.02)^2)
∆P/P = 0.212 + 0.042
∆P/P = 0.254, or 25.4%
Therefore, the percentage price change according to the duration-with-convexity rule is 25.4%.
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Compute prime cost given the following data: direct materials, $ 47,500; direct labor, $ 96,300; factory overhead, $ 87,900; and selling expenses, $ 54,290. a. $ 142,190 b. $ 285,990 c. $ 143,800 d. $ 184,200
Answer:
577,1970
Explanation:
that correct answer
A sales person sets a starting price of a new car that the buyer thinks is slightly too high. What type of price might the buyer counter with?
A bid price
An offer price
Answer:
Brainliest pls
Explanation:
A bid price
Answer:
1. a bid price
2. equilibrium point
3. the average market price is lower than the equilibrium price
4. the total market demand has not changed
5. the entire demand curve will shift upwards
6. the supply point will increase by moving along the existing supply curve; the curve itself will not change
7. spot price
8. the price is likely to decrease because supply has increased
9. scarcity
10. more product will be produced that consumers want to purchase
Explanation:
100% on apex quiz
Jamison Company has two service departments and two producing departments. Square footage of space occupied by each department follows:
Custodial services 1,600 feet
General administration 3,600 feet
Producing Department A 8,600 feet
Producing Department B 8,600 feet
22,400 feet
The department costs of Custodial Services are allocated on a basis of square footage of space. If Custodial Services costs are budgeted at $44,000, the amount of cost allocated to General Administration under the direct method would be:
The total cost allocated from the Custodial Services to the General Administration under the direct method would be $3,745.
What is the direct method of cost allocation?The direct allocation method is an accounting technique for charging the overhead costs of service departments to other units or departments of a business in an attempt to ensure that these costs are absorbed by production units or jobs.
The direct method is distinguished from the step-down method and the reciprocal method of cost allocation.
Data and Calculations:Custodial services 1,600 feet
General administration 3,600 feet
Producing Department A 8,600 feet
Producing Department B 8,600 feet
22,400 feet
Total Custodial Services costs = $44,000
Allocation method = direct method
Thus, the total cost allocated from the Custodial Services to the General Administration under the direct method would be $3,745 (1,600/18,800 x $44,000).
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By having its machines located inside grocery stores, gas stations, drugstores, etc., where consumers often shop, state lotteries offer
to the distribution process.
Multiple Choice
form
place
Information
Answer:place
Explanation:
In order to reset yourself after a lost deal, which strategy should you use
Answer:
For every lost opportunity schedule a check up call.The time when you schedule your back in call depends on the length of contract you were selling.For example, if you were selling a year’s worth of services and lost the deal you’d want to be back in front of that prospect within 9 months.
Explanation:
hope this helps if not please let me now
#20 Employers include __________ plan coverage in fringe benefit programs to retain high-quality employees and ensure productivity by providing preventive medical care to create a healthy workforce.
a. group health
b. municipal
c. public
d. government
Employers include group health plan coverage in fringe benefit programs to retain high-quality employees and ensure productivity by providing preventive medical care to create a healthy workforce. Thus, option A is correct.
Who are the employees?Employees can be defined as the ones who have a job under an employer Fist of for the work that they are doing they are getting paid. It can be a variety of work that can be needed. Some may need a person to do a particular job but it is not a necessity.
Employers to maintain good health care and good coverage often include Healthcare or health insurance for the workforce that they are having. This would help them to create good morale around the company. It will also help to increase productivity by providing them a mental assurance.
Therefore, option A is the correct option.
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#SPJ2
Select all the correct answers. What are the two reasons that private lending institutions offer a title loan to consumers who have a poor or average credit score? because they are certain that the loan will be repaid because ownership of the car remains with them because the loan amount is minimal because they earn a high interest because they are doing a charitable service
Explanation:
1) because ownership of the car remains with them
2) because they earn a high interest
Click this link to view O*NET’s Skills section for Hotel, Motel, and Resort Desk Clerks.
Note that common skills are listed toward the top, and less common skills are listed toward the bottom.
According to O*NET, what are common skills needed by Hotel, Motel, and Resort Desk Clerks? Select four options.
science
social perceptiveness
service orientation
speaking
active listening
equipment maintenance
Answer:
getting information - interacting with computers - communicating with supervisors, peers, or subordinates - organizing, planning, and prioritizing work.
Explanation: or in other words b, c, e, f :)
Answer:B,C,D,E
Explanation:if it's not the other dudes
Forecasting the demand for labor
Answer:
In short, labor demand forecasting revolves around predicting how busy your company is likely to become in the future. Most forecasting methods of this nature revolve around estimating future demand based on historical sales data and market conditions.
what are the key of success of business.
Explanation:
I think Creativity is one of the keys to success in business. You need to demonstrate creativity in constantly looking for ways to improve your business and help it stand out from the others. You have to be open to new ideas and new approaches to doing business.
I hoped I helped u
1. How is check imaging used ?
The cheque scanning device scans both the front and the back of the payment, transforming the paper cheque into a legal digital image. The scanner is made up of a set of small light detectors positioned in a line. These lights sweep over the cheque's surface under a bright light.
hope it helps...!!!
The standard rate per unit that a company expects to pay for variable overhead equals the
When a company comes up with a standard rate per unit for variable overhead, it should equal the variable portion of the predetermined overhead rate.
What should the variable overhead equal?The predetermined overhead rate is divided into a fixed and variable portion to cater for the different types of costs there are.
The standard rate per unit for the variable overhead should therefore be equal to the variable part of that predetermined overhead rate.
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Being optimistic judgmental and critical are creativity
Answer:
yes, I suppose they could be traits of creativity although not the most common.
Explanation:
Which is a special clause in an insurance contract that stipulates additional coverage over and above the standard contract?
a. deductible
b. copayment
c. coinsurance
d. rider
Answer:
coinsurance
Explanation:
Coinsurance refers to additional pay over standard health contract
Take a example
If your coinsurange is 30%
then for
100$ you have been paid 30$
here your picture!yay
very pretty but dont have that money :(
Differentiate between per capita national income and Human Development index
Answer:
National income is the total value a country's final output of all new goods and services produced in one year whereas national income is calculated by taking sum of all sectors personal, public or government. per capita income = total income ÷ total population.
Problem 4: The table describes a 10-person economy. Each person in this economy has 1 dollar that he might save or
consume. He saves only if he can obtain a return on savings at least as high as the rate indicated in the first column. Each
person also has access to an investment project paying the return listed in the second column. He is willing to undertake
the investment using his own savings only if the return on his investment is at least as high as the return he requires to
make saving attractive. He is willing to undertake the investment using a loan from a financial intermediary only if the
investment pays a return greater than or equal to the interest rate he must pay on the loan. He prefers to finance the
investment out of his own savings rather than a loan (if available) only if the return he requires to render saving
attractive is lower than the interest rate he must pay on a loan.
Saves If
Available Investment
Person
Return 2 (Percent) Return (Percent)
5
5
1
5
2
8
3
5
9
4
8
5
5
8
5
8
5
6
7
10
9
8
10
10
9
9
20
20
10
15
a. Assume first that the costs of carrying out financial transactions are so high that no borrowing or lending takes place.
As a result, the only way a person can earn a return on savings is by investing in his own investment project. Which
people will invest in this case? What is the simple average of the returns on the investments undertaken?
Answer:
im not understandidb
Explanation:
o hi me pease
For cost of capital purposes, the firm should always consider reinvested earnings as the first source of capital – i.e. use these funds first- because reinvested earnings have no cost to the firm.
A. True
B. False
The interest rate that is printed on the bond certificate is referred to as any of the following except: Question 6 options: Effective rate. Contract rate. Stated rate. Nominal rate.
The interest rate that is printed on the bond certificate is referred to as Stated rate.
What is states interest?Stated interest rate is that interest rate that usually attached to a bond this is decided by the company or the individual.
This money is paid by the person or company that issued the bond.
Therefore, The interest rate that is printed on the bond certificate is referred to as Stated rate.
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The job of a manager demands a mixture of several types of skills
Answer: What is the question exactly?....... Are you asking for the several types of skills?
Explanation:
You have $27,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 14 percent and Stock Y with an expected return of 10.5 percent. If your goal is to create a portfolio with an expected return of 12.88 percent, how much money will you invest in Stock X and Stock Y? (Do not round intermediate calculations and round your answer to the nearest dollar, e.g., 32.)
Answer:
stock x with an expected return of Y
Explanation:
Providing supervision is generally known as a good: OSHA
Work practice control
Engineering control
Personal protective control
Administrative control
Providing supervision is generally known as a good A. Work practice control.
What is Good OSHA?This refers to the knowledge of an environment with the aim of improving it and making it better.
Hence, we can see that when engaging in supervision, according to the tenets of OSHA, the provision of adequate supervision is known as good work practice control.
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A customer requirement from an online retail store is "timeliness of clothing delivery." Which of the following is most likely to be the specific measure of that requirement?
The thing that is likely to be the specific measure of timeliness regarding retail store is delivery in 7 days or less.
What is a retail store?A retail store simply means a state where goods are sold to the final consumers.
In this case, the specific measure is about timeliness. Therefore, the customer will want the good as soon as possible.
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Mark carefully analyzed his financial portfolio and found out that every time the European Central Bank increases its discount rate by a decimal point his revenue decreases by 100 €. On the other hand, if the ECB lowers its discount rate by a decimal point his revenue increases by 65 €. In February 2012 (leap year) the ECB has not changed the discount rate for 19 days;
when it did change the rate, the variation was always of a single decimal point. Assuming the ECB can vary its discount rate only once a day, how many times did it make a positive change in the rate if Mark's revenue increased by 155 € at the end of the month?
If Mark's revenue increased by 155 € at the end of the month, the number of times that the ECB made a positive change in the rate is 2.4 times.
What is the ECB's monetary policy?The European Central Bank's monetary policy aims to influence:
Price stabilityMark's revenue increase when ECB lowers the discount rate = 65 €
Increase in Mark's revenue = 155 €
The number of times the ECB lowered the discount rate = 2.4 times (155 €/65 €).
Thus, if Mark's revenue increased by 155 € at the end of the month, the number of times that the ECB made a positive change in the rate is 2.4 times.
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Please answer in one minute will mark BRAINLIST
Answer:
it's b reckless. ... ...
Answer:
b
Explanation:
reckless
2) Can a caterer use leftover foods donated to a charity as a charitable tax deduction? Why or why not?
Answer:
it would be deductible as a charitable donation on your personal return if you are taking the itemized deduction instead of the standard deduction.
Explanation: