Answer:
Before computerization or data analytics, companies would have had to manually review their payment records and invoices to identify duplicate payments.
Explanation:
This would involve manually checking for discrepancies in amounts, payment dates, and other key data points. This process was time consuming and error-prone, but necessary to ensure that the company was not double paying for goods or services.
Preston Industries, Inc. currently manufactures part QX100, which is used in several products produced by the company. Monthly production costs for 10,000 units of QX100 are as follows: Direct materials$82,000 Direct labor$13,000 Variable overhead costs$40,000 Fixed overhead costs$44,000 Total manufacturing costs$179,000 Accounting has estimated that 20% of the fixed overhead costs currently assigned to QX100 would not be needed if the company chose to purchase the part from an outside supplier. Preston currently has the option of purchasing the part from an outside supplier at $16.00 per unit. If the company accepts the offer from the outside supplier, the monthly avoidable costs (that is, costs that would no longer be incurred) would be:
Answer:
$143,800
Explanation:
Particulars Amount
Direct materials $82,000
Direct labor $13,000
Variable manufacturing costs $40,000
Fixed overhead cost (44,000*20%) $8,800
Total monthly avoidable costs $143,800
If the company accepts the offer from the outside supplier, the monthly avoidable costs would be $143,800.
Assume that a company uses a standard cost system and applies overhead to production based on direct labor-hours. It provided the following excerpt from the standard cost card of its only product: Standard Hours Standard Rate Standard Cost Fixed manufacturing overhead 2 hours $ 6.00 per hour $ 12.00 During the most recent period, the following additional information was available: The fixed overhead budget variance was $10,000 F. The budgeted amount of fixed overhead cost was $285,000. 46,000 direct labor-hours were actually used to produce 24,100 units. What was the actual amount of fixed overhead cost incurred during the period
Answer:
See below
Explanation:
Given the above information, the actual amount of fixed overhead cost incurred during the period is computed as
= Actual units produced × Fixed manufacturing overhead
Given that;
Actual units produced = 24,100
Fixed manufacturing overhead = $12
Then,
The actual cost of fixed overhead incurred for the period is;
= 24,100 × $12
= $289,200
an industrial oven and fryer is an example of which factor of production?
a. land
b. labor
c. capital
d. more than one type is correct
Answer:
I believe this is C. capital
Answer:
C
Explanation:
Capital
Question 8 of 19
Which of the following is a benefit of division of labor?
O A. Workers become better at their tasks.
B. Salaries increase.
C. Governments gain control of incentives.
D. Taxes outpace profits.
PLEASE PLEASE PLEASE NO LINKS!!!!!!!!!!!!
1. Large-denominated ($100,000 and more) time deposits
2. Noncheckable savings deposits
3. Currency (coins and paper money) in circulation
4. Small-denominated (less than $100,000) time deposits
5. Stock certificates
6. Checkable deposits
7. Money market deposit accounts
8. Money market mutual fund balances held by individuals
9. Money market mutual fund balances held by businesses
10. Currency held in bank vaults
Refer to the above list. The assets that are not included in either M1 or M2 are
(Points : 1)
items 1, 5, 9, and 10.
items 2, 5, 8, and 9.
items 1, 3, 5, 7, and 9.
all of the 10 items listed.
Answer:
items 1, 5, 9, and 10.
Explanation:
From the question, it is given that the large time deposits are not be in M1 or in M2. They are also not stock certificates, or the money market funds that may be held by the businesses, or by bank reserves.
Therefore, the correct answer is :
The items of 1, 5, 9 and 10 are not in M1 or in M2.
January 1, 2021, Woody Forrest Corporation granted executive stock options to purchase 30,000 of its common shares at $7 each. The market price of common stock was $13 per share on December 31, 2021, and averaged $15 per share during the year then ended. There was no change in the 153,000 shares of outstanding common stock during the year. Net income for the year was $28,000. The number of shares to be used in computing diluted earnings per share for the quarter is: Multiple Choice 153,000 169,000 181,000 197,000
Answer:
169,000
Explanation:
Calculation to determine what The number of shares to be used in computing diluted earnings per share for the quarter is:
First step is to calculate the amount assumed to be exercised
Exercised amount= 30,000*$7 / $15avg
Exercised amount= 14,000
Second step is to calculate the Net
Net=30,000-14,000
Net= 16,000
Now let calculate The number of shares to be used in computing diluted earnings per share
Using this formula
Number of shares=Outstanding+Net
Let plug in the formula
Number of shares=153,000 +16,000
Number of shares= 169,000
*diluted eps=$28,000 /169,000
Therefore The number of shares to be used in computing diluted earnings per share for the quarter is: 169,000
The constraint at Rauchwerger Corporation is time on a particular machine. The company makes three products that use this machine. Data concerning those products appear below: WX KD FS Selling price per unit $ 335.03 $ 228.31 $ 199.06 Variable cost per unit $ 259.56 $ 173.38 $ 159.91 Minutes on the constraint 6.00 4.30 4.00 Assume that sufficient time is available on the constrained machine to satisfy demand for all but the least profitable product. Up to how much should the company be willing to pay to acquire more of the constrained resource
Answer:
$9.79
Explanation:
The computation is shown below:
Particulars WX KD FS
Selling price per unit (i) $335.03 $228.31 $199.06
Less:
Variable cost per unit (ii) $259.56 $173.38 $159.91
Contribution margin per unit $75.47 $54.93 $39.15
Divided by
Minutes on the constraint (iv) 6 4.30 4
Contribution margin per minute $12.58 $12.77 $9.79
Select the correct answer from each drop-down menu.
What is a business?
A business is a commercial ____ engaging in industrial or professional activities undertaken by an individual or a group to earn ____.
Answer:
A business is a commercial enterprise engaging in industrial or professional activities undertaken by an individual or a group to earn profits.
Explanation:
Enterprise - Enterprise refers to a for-profit business started and run by an entrepreneur. And we will often say that people running such businesses are enterprising.
Profits - A financial gain, especially the difference between the amount earned and spent in buying, operating, or producing in the business.
A business is an enterprise that an entrepreneur runs to earn profits by buying, selling, and operating in the industry.
Vegetarian Delights has been experiencing declining market conditions for its specialty foods division. Management decided to test the operational assets of the division for possible impairment. The test revealed the following: book value of the division's assets, $34.0 million; fair value of the division's assets, $25 million; sum of estimated future cash flows generated from the division's assets, $27 million. What amount of impairment loss should Vegetarian Delights record
Answer: $9 million
Explanation:
Based on the information given in the question, the amount of the impairment loss that Vegetarian Delights should record will be calculated as:
Book value of division's asset = $34.0 million
Less: Fair value of divisions asset = $25 million.
Impairment loss = $34million - $25million = $9 million
2. Elastic goods are based on what consumers want, rather than something that they need to survive. Which of the following is an elastic good?
Osoda pop
water
O an apartment
medicine
Elastic goods or services are those for which demand fluctuates in response to price fluctuations. Consumers who are able and ready to easily shift their purchasing patterns in reaction to price fluctuations are said to be elastic consumers.
Examples of elastic goods:Examples of elastic products include:Soft drinks, like soda pop, are easy for consumers to adapt their consumption based on changes in price or availability because they are not essential for living. Apartments are not necessities for survival, and people can choose where to live depending on a variety of reasons, including price, location, and other considerations.Items like the ones listed below are not elastic goods:Water is a commodity that people will continue to buy even if the price goes up because it is necessary for survival. Because medicine is necessary for preserving health, people will continue to use it even if the cost rises.To know more about elastic goods, refer:
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Trini Inc. bases its manufacturing overhead budget on budgeted direct labor-hours. The direct labor budget indicates that 9,800 direct labor-hours will be required in May. The variable overhead rate is $3.10 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $117,440 per month, which includes depreciation of $10,610. All other fixed manufacturing overhead costs represent current cash flows. The May cash disbursements for manufacturing overhead on the manufacturing overhead budget should be:
Answer:
Total overhead= $137,210
Explanation:
First, we need to deduct the depreciation expense from the fixed overhead. Depreciation is not a cash cost.
Fixed overhead= 117,440 - 10,610= $106,830
Now, the cash disbursement for total overhead:
Variable overhead= 3.1*9,800= 30,380
Fixed overhead= 106,830
Total overhead= $137,210
A firm has a steady growth rate of 5% per year in its dividend and this growth rate is expected to continue indefinitely. Last year's dividend was $1.20. If the investor requires a 9% return, what is the value of this stock
Answer:
the value of the stock is $31.50
Explanation:
The computation of the value of the stock is shown below
As we know that
The value of the stock is = Dividend × (1 + growth rate) ÷ (required rate of return - growth rate)
= $1.20 × (1 + 0.05) ÷ (9% - 5%)
= $31.50
hence, the value of the stock is $31.50
We simply applied the above formula
Your restaurant has an annual advertising budget of $6000 and you spent $82.50 per month on social media advertising what percent of your budget is spent on social media advertising.
Answer:
17%
Explanation:
Michael's team is trying to determine how they can process shipments more quickly.
He has convened a large group to come up with some ideas, but only a few people pleaare driving the conversation. Which rule of good brainstorming is this violating?
O a) All ideas are recorded
b) No one may criticize another person's idea
c)
Evaluate ideas after everything is on the table
d) Make sure everyone participates
Please no links!! Thx
Answer:
its D
Explanation:
because not all people are talking and only a few are driving it, that makes the answer D.
The rule of a good brainstorming that is being violated is that making sure that everyone is participating by sharing their ideas. Hence, option D is correct.
What is brainstorming?Brainstorming refers to as a session in which a group of people are involved to discuss an important topic and coming at an effective solution when people share their own ideas.
In order to ensure an ideal brainstorming session, it is advisable for Michael's team to ensure that everyone participating in the session put forth their ideas.
Hence, option D holds true regarding brainstorming.
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During 2018, Raines Umbrella Corp. had sales of $715,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $446,000, $95,000, and $140,500, respectively. In addition, the company had an interest expense of $70,600 and a tax rate of 21 percent. (Ignore any tax loss carryforward provisions and assume interest expense is fully tax deductible).
a. What is the company’s net income/loss for 2018?
b. What is the company's operating cash flow?
Answer:Net Income/ loss= -$37,100
Raine's operating cash flow= $174,000
Explanation:
Net income/loss for Raines Umbrella Corp In 2018
Sales $715,000
less: Cost of goods sold -$446,000
Administrative and Selling expenses -$95,000
Depreciation -$140,500
EBIT $33,500
less: Interest $ 70,600
Net loss -$37,100
B) Raine's operating cash flow:
= EBIT + Depreciation - Taxes( Since a net loss was recorded by Raines, yhere would be no taxes
= $33,500 + $140,500 - $0
= $174,000
Amy, Becky, and Chau form a business entity with each contributing the following. Adjusted Basis Fair Market Value Amy: Cash $100,000 $100,000 Becky: Land $60,000 120,000 Chau: Services 50,000 Their ownership percentages will be as follows. Amy 40% Becky 40% Chau 20% Becky's land has a $20,000 mortgage that is assumed by the entity. Chau is an attorney who receives her ownership interest in exchange for legal services. Determine the recognized gain to the owners, the basis for their ownership interests, and the entity's basis for its assets under each entity scenario.
Tandang Sora has deposited P33,000 today in an account which will earn 10 percent annually. She plans to leave the funds in this account for seven years earning interest. If the goal of this deposit is to cover a future obligation of P65,000, what recommendation would you make to Tandang Sora?
If Tandang Sora has deposited P33,000 today in an account which will earn 10 percent annually in which she plans to leave the funds in this account for seven years earning interest. The recommendation i would you make to Tandang Sora is: to find an account with either a higher interest rate or deposit a larger sum today.
How to find the face value and the present value?Face Value = 33,000(1.+.10)^7
Face Value = 33,000(1.1)^7
Face value = $64,308
Aunt Tillie will tend to only have to make the amount of $64,308 at the end of seven years based on the given stated arrangement.
Hence, she will have to find an account with either a higher interest rate or deposit a larger sum today.
So, the amount Aunt Tillie should invest today to receive $65,000 after 7 years is calculated as:
Present value = 65,000 / (1.+.10)^7
Present value = 65,000 / (1.1)^7
Present value = $33,355.28
Therefore she should find an account with either a higher interest rate or deposit a larger sum today.
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What type of negative business message does this statement convey?
We noted your comment about your problem with our hairstyling gel. Thanks for bringing it to our attention. Could you please message me your email or phone number?
A.
denying a request
B.
explaining a service fault
C.
rejecting a claim
D.
responding to a social media post
E.
apologizing for a mistake
Answer:
most likely D
Explanation:
if i knew completely i would not be on brainly but it is def not the clown above me
plus D seems the most plausible
which one is correct about HRM
Human resource management or HRM is a very important factor in any business organisation. HRM means effective and efficient management of the employees working in the company.
What is HRM?Many business organisations are successful because of the right team and dedicated employees. They consider the employees as one of the greatest assets.
The human resource manager for the HR head of the department needs to be sensitive and understanding toward the problems or aspirations of the employees.
This would help to retain the hard-working and honest employees who would intern give a competitive advantage to the business.
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If you have a friend who is hoping to buy a home in the next few years, what should your friend know about the process of finding and paying for a new home? What do they need to know to make the home-buying process smoother? How does their credit score affect this process? How would your friend determine what is affordable?
Things to consider
FinancingBudgeting.etcYour buddy should engage with a real estate agent to make the home-buying process easier.
Your acquaintance should examine their income, debt, long-term financial objectives, and the cost of homeownership in their desired region to decide what is affordable.
What is a credit score?Generally, When buying a home, there are several things your friend should consider:
Financing: Your friend should determine how much they can afford to spend on a home and what type of mortgage loan they qualify for. They should also research different types of loans and compare interest rates and fees from different lenders. They should also check their credit score and work on improving it if necessary.
Budgeting: Your friend should also create a budget that includes not only the cost of the home, but also closing costs, moving expenses, and ongoing costs of homeownership such as property taxes and insurance.
Searching: Your friend should research different neighborhoods and consider factors such as location, schools, and amenities. They should also tour homes and consider the condition and layout of each.
Making an offer: Once your friend finds a home they want to purchase, they should work with a real estate agent to make an offer that takes into account the home's condition, the local housing market, and the seller's motivation.
Closing: After the offer is accepted, your friend should work with a lender to complete the mortgage process and close on the home.
To make the home-buying process smoother, your friend should also consider working with a real estate agent, who can help them navigate the process and find homes that meet their needs and budget.
Additionally, a good credit score will help your friend qualify for better mortgage rates and terms.
To determine what is affordable, your friend should consider their income, debt, and long-term financial goals, as well as the cost of homeownership in the areas where they're looking to buy.
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The Lumber Division of Sheffield Corp. produces and sells lumber that can be sold to outside customers or within the company to the Construction Division. The following data have been gathered for the coming period: Lumber Division: Capacity 120000 board feet Price per board foot $4.50 Variable production cost per bd. ft. $1.25 Variable selling cost per bd. ft. $0.50 Construction Division: Board feet needed 30000 Outside price paid per bd. ft. $4.00 If the Lumber Division sells to the Construction Division, $0.35 per board foot can be saved in shipping costs. If current outside sales are 150000 board feet, what is the minimum transfer price that the Lumber Division could accept
Answer:
$1.4
Explanation:
Calculation to determine the minimum transfer price that the Lumber Division could accept
Using this formula
Minimum transfer price =Variable production cost per bd. ft.+(Variable selling cost per bd. ft. -per board foot saved in shipping costs)
Let plug in the formula
Minimum transfer price= $1.25 +($0.50-$0.35)
Minimum transfer price=$1.25+$0.15
Minimum transfer price=$1.4
Therefore the minimum transfer price that the Lumber Division could accept is $1.4
When will the U.S. armed forces provide financial aid?
A. during and after your service
B. before, during, and after your service
C. After you have served two years
D. Before and after your service
PLS ANSWER QUICKLY
The CEO of Alta Corp. is dismayed by a lack of effort and insights his directors provide during board meetings. The directors are all outsiders, experienced, and run their own successful firms. The CEO genuinely seeks their greater involvement. What would you recommend?
A) Requiring that the directors own stock in the company.
B) Implementing a director appraisal system.
C) Electing an lead director.
D) All of these choices would increase involvement.
Answer:
Option D) All of these choices would increase involvement.
Explanation:
Corporate governance
This is simply defined as ways used to manage the relationship among stakeholders and to show and control the strategic direction and the firms or organization's performance.
In the United States and some other countries, the primary goal of a firm or organizations is to maximize profits so as to provide a financial gain to its shareholders. Lack of effort and insight can reduce the output generated by firms.
The fact that the directors has no share in the company may be one reason why they are not putting their maximum effort. By giving them little shares in the company, they would put great effort into work so that they can yield more profit. An appraisal will also help them to put effort into work since they are being monitored. And lastly, having a leader can help lead the others into the right direction and focus on meeting goals and objectives of the firm.
You have $100,000 to invest in either Stock D, Stock F, or a risk-free asset. You must invest all of your money. Your goal is to create a portfolio that has an expected return of 11.4 percent. Assume D has an expected return of 14.9 percent, F has an expected return of 10.8 percent, and the risk-free rate is 5.95 percent. If you invest $50,000 in Stock D, how much will you invest in Stock F? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answer:$20,000 will be invested in StocK F
Explanation:
The expected return of portfolio is calculated as
Portfolio Expected Return = (wD x rD) + (wF x rF) + (wR x rR) ............................
Where;
Portfolio expected return = 11.4%
wD = Weight of the amount invested in Stock D which is calculated as
Amount invested in Stock D / Total amount invested
= $50,000 / $100,000 = 0.50
rD = Expected Return from Stock D = 14.9%
wF = Weight of the amount invested in Stock F= ?
rF = Expected Return from StocK F = 10.8%
wR = Weight of the amount invested in risk free = one minus the weight of the other two assets= 1 - wD - wF = 1 - 0.50 - wF = 0.50 - wF
rR = Expected Return from Risk free = 5.95%
Putting all the values into the equation, we
that
0.114= (0.50 x 0.149) + (wF x 0.108) + ((0.50 - wF) x 0.0595
0.114= 0.0745 + (wF x 0.108) +0.02975 -0.0595wF
0.114- 0.0745 =wF 0.108 +0.02975 -0.0595wF
0.114- 0.0745--0.02975=wF 0.108-0.0595wF
0.00975=wF (0.108-0.0595)
0.00975=wF 0.0485
wF == 0.00975/0.0485
wF==0.2010 rounded to 0.20
Recall that wF = Amount invested in Stock F / Total amount invested
0.20= Amount invested in Stock F / $100,000
Amount invested in Stock F = 0.20x $100,000 = $20,000
Therefore, $20,000 will be invested in StocK F
How could a new manager use Vineet Nayar's principle of "employees first, customers second (EFCS)"?
Employing a bossless environment
Recognizing and providing learning opportunities as needed
Keeping tabs on every detail of an employee's project
Keeping the status quo in their current environment
Answer:
Vineet Nayar's principle of "employees first, customers second" suggests that a manager should prioritize the well-being and development of their employees in order to ultimately improve the experience for customers. There are several ways a new manager could put this principle into practice:
Implementing a "bossless" environment: One way to empower employees is by creating a flat organizational structure where decision-making is decentralized. This can create a sense of ownership among employees, and they may feel more motivated to work towards achieving company goals.
Recognizing and providing learning opportunities: A manager can invest in the development of their employees by recognizing their strengths and providing them with opportunities to learn new skills. This can help employees to advance in their careers, which can ultimately lead to a more motivated and engaged workforce.
Keeping tabs on every detail of an employee's project: A manager who is invested in the success of their employees will want to stay informed about the progress of their projects. Keeping close tabs on an employee's project can help a manager to identify and address any roadblocks or issues that might be preventing the employee from reaching their full potential.
Keeping the status quo: The principle of EFCS is not about keeping everything the same, the idea is to focus on employee first and they will bring the change that customer needs. A manager should be open to change and experimentation. While it's important to maintain a sense of stability in the workplace, it's also important to be open to new ideas and approaches to improving the experience for both employees and customers.
It's worth noting that implementing EFCS takes time and needs to be approached with a sense of empathy. Putting this principle in practice requires a manager to have a deep understanding of their employees' needs and aspirations, and to be willing to make changes to the organization and to their own management style in order to create a more positive and fulfilling work environment for everyone.
Your reading material illustrates a typical example of what happens if you pay just the minimum monthly payment every month on a credit card balance, In this example, approximately how long will it take to pay off the original dept completely?
Answer: Most credit cards only require you to make a minimum payment each month, which is typically a fixed amount, often $20 to $25, or a percentage of your balance, usually 1 to 3 percent. Paying the minimum is tempting, especially if your budget is tight. But the less you pay now, the more you’ll pay later.
Carrying a credit card balance not only means you’ll be in debt longer, but it also means you can rack up massive amounts of interest, thanks to exorbitant, oftentimes double-digit interest rates.
Explanation:
To give you an idea of just how costly it can be to pay only the minimum on your credit card, personal finance site NerdWallet crunched the numbers and determined the interest costs of paying off debt. It assumed credit card debt of $6,081, which is what the average household with revolving credit card debt owes, and an interest rate of 14.99 percent.
Dunphy Company issued $44,000 of 10.0%, 10-year bonds at par value on January 1. Interest is paid semiannually each June 30 and December 31. Prepare the entries for (a) the issuance of the bonds and (b) the first interest payment on June 30.
Answer:
S/n Date General Journal Debit Credit
a Jan 01 Cash $44,000
Bonds payable $44,000
b June 30 Interest expense $2,200
($44,000*10%*6/12)
Cash $2,200
Thanks in advance ! I really need this
Sales $ 576,000 $ 491,500 Variable costs 189,000 260,500 Traceable fixed costs 173,500 196,400 Allocated common corporate costs 123,900 143,100 Net operating income (loss) $ 89,600 $ (108,500 ) The management of Cook is considering the elimination of the West Division. If the West Division were eliminated, its traceable fixed costs could be avoided. Total common corporate costs would be unaffected by this decision. Given these data, the elimination of the West Division would result in an overall company net operating income (loss) of
Answer:
$(18,900)
Explanation:
Calculation to determine what the elimination of the West Division would result in an overall company net operating income (loss)
Using this formula
Net operating income (loss) = Net operating income of East division -Allocated common cost to West division
Let plug in the formula
Net operating income (loss)= $ 89,600 - $108,500
Net operating income (loss)= $(18,900)
Therefore the elimination of the West Division would result in an overall company net operating income (loss) of $(18,900)
In preparing its May 31, 2020 bank reconciliation, Sheffield Corp. has the following information available:
Balance per bank statement, 5/31/20 $41000
Deposit in transit, 5/31/20 5900
Outstanding checks, 5/31/20 4000
Note collected by bank in May 1290
The correct balance of cash at May 31, 2020 is:______.
a. $46900.
b. $41610.
c. $42900.
d. $44190.
Answer:
c. $42900
Explanation:
Calculation to determine what the correct balance of cash at May 31, 2020 is
Using this formula
Correct balance of cash =Balance per bank statement, 5/31/20+Deposit in transit, 5/31/20-Outstanding checks, 5/31/20
Let plug in the formula
Correct balance of cash=$41000+5900-4000
Correct balance of cash= $42900
Therefore correct balance of cash at May 31, 2020 is:$42900