Overhead cost refers to the indirect costs of production that cannot be easily traced to specific products or services. Examples of overhead costs include rent, utilities, insurance, depreciation, and salaries of support staff.
To compute a single plantwide overhead rate, we need to divide the total budgeted overhead cost by the budgeted activity usage of the cost driver, which is 13,000 direct labor hours:
Plantwide overhead rate = Total budgeted overhead cost / Budgeted activity usage of cost driverPlantwide overhead rate = $559,000 / 13,000 dlh
Plantwide overhead rate = $43 per direct labor hour
To allocate overhead cost to each job using the plantwide overhead rate, we multiply the number of direct labor hours used for each job by the plantwide overhead rate:Overhead cost for Job 31 = 240 dlh x $43 per dlh
Overhead cost for Job 31 = $10,320
Overhead cost for Job 42 = 520 dlh x $43 per dlh
Overhead cost for Job 42 = $22,360
To compute an activity rate for each activity using activity-based costing, we divide the budgeted overhead cost for each activity by its corresponding cost driver usage:Activity rate for Assembly = $419,250 / 13,000 dlh
Activity rate for Assembly = $32.25 per direct labor hour
Activity rate for Product Design = $64,500 / 1,290 eh
Activity rate for Product Design = $50 per engineering hour
Activity rate for Electricity = $21,500 / 10,000 mh
Activity rate for Electricity = $2.15 per machine hour
Activity rate for Setup = $53,750 / 430 setups
Activity rate for Setup = $125 per setup
To allocate overhead costs to Job 31 and Job 42 using activity-based costing, we multiply the activity rate for each activity by the actual usage of the cost driver for each job, and then sum the results:Overhead cost for Job 31 = (240 dlh x $32.25 per dlh) + (29 eh x $50 per eh) + (60 mh x $2.15 per mh) + (5 setups x $125 per setup)
Overhead cost for Job 31 = $8,367.50 + $1,450 + $129 + $625
Overhead cost for Job 31 = $10,571.50
Overhead cost for Job 42 = (520 dlh x $32.25 per dlh) + (35 eh x $50 per eh) + (60 mh x $2.15 per mh) + (7 setups x $125 per setup)
Overhead cost for Job 42 = $16,755 + $1,750 + $129 + $875
Overhead cost for Job 42 = $19,509
To know more about overhead cost:
https://brainly.com/question/14811739
#SPJ4
The United States has had a trade deficit since 1975 because Blank______. Multiple choice question.
Answer: The united states has had a trade deficit since 1975 because: It bought more goods from other nations than it has sold.
Explanation:
January
Beginning inventory 0
Units produced 500
Units sold 400
Ending inventory 100
Excerpt from Wallis Corporation
Per Unit Per Month
Selling price $100
Direct materials $30
Direct labor $20
Variable manufacturing overhead 10
Variable selling and administrative expenses 7
Fixed manufacturing overhead $ 10,000
Fixed selling and administrative expenses 3,000
What is the company's contribution margin for January?
The company's contribution margin for January is $13,200.
The company's contribution margin for January can be calculated by first finding the contribution margin per unit and then multiplying it by the number of units sold. The contribution margin per unit is the selling price minus the variable costs.
Contribution margin per unit = Selling price - (Direct materials + Direct labor + Variable manufacturing overhead + Variable selling and administrative expenses). Hence:
Contribution margin per unit = $100 - ($30 + $20 + $10 + $7) Contribution margin per unit = $100 - $67 Contribution margin per unit = $33Next, we can find the total contribution margin by multiplying the contribution margin per unit by the number of units sold:
Total contribution margin = Contribution margin per unit * Units soldTotal contribution margin = $33 * 400 = $13,200Thus, based on the calculation, the company's contribution margin for January is $13,200.
Learn more about contribution margin brainly.com/question/24881206
#SPJ11
a vivid recollection of the world trade center collapsing on september 11, 2001 illustrates the concept of
The vivid recollection of the World Trade Center collapsing on September 11, 2001 illustrates the concept of a flashbulb memory.
The vivid recollection of the World Trade Center collapsing on September 11, 2001 illustrates the concept of a flashbulb memory. A flashbulb memory is a highly detailed, exceptionally vivid 'snapshot' of the moment and circumstances in which a piece of surprising and consequential (or emotionally arousing) news was heard. The intense emotional experience associated with such an event can lead to a vivid and long-lasting memory, even if the details of the memory are not entirely accurate. The events of September 11, 2001 were highly consequential and emotionally arousing for many people, making them a prime example of a flashbulb memory.
Learn more about flashbulb memory here https://brainly.com/question/3449386
#SPJ4
as discussed in law of one price, we know that two same commodities must sell at same price. why is it? what would happen if two same commodities have different prices?
This is because if two identical commodities were selling at different prices, then there would be an opportunity for arbitrage.
According to the Law of One Price, in an efficient market, identical goods must have the same price. This is because if two identical commodities were selling at different prices, then there would be an opportunity for arbitrage, where individuals could buy the commodity at the lower price and sell it at the higher price, earning a profit in the process.
For example, if a can of soda is selling for $1 at one store and $1.50 at another store, individuals could buy the soda at the first store for $1 and sell it at the second store for $1.50, earning a profit of $0.50 per can. This process would continue until the prices of the soda cans at both stores were the same.
If two identical commodities have different prices, it would lead to arbitrage opportunities, and individuals would buy the commodity at the lower price and sell it at the higher price, eventually driving the prices of the commodity to be the same. This would lead to an efficient market where identical goods have the same price.
For such more questions Economics : brainly.com/question/30656007
#SPJ4
if a clinician is informed that a prospective client, who is seeing things that are not actually there, is african-american and in a lower income bracket, the clinician may be more likely to
If a clinician is informed that a prospective client, who is seeing things that are not actually there, is African - American and in a lower income bracket, the clinician may be more likely to suggest a diagnosis of schizophrenia.
What does the term "prospective client" mean?
The target market for which you develop goods or services is comprised of potential clients. They've become your leads even though they haven't yet made a purchase from you.
And if you effectively set up your advertising initiatives, they will turn into your customers.
What distinguishes a prospect from a customer?
Except for the following variations, customers and prospects are nearly identical: Customers that have made genuine purchases from your company are represented in customer accounts.
Accounts that are considered prospects are those for which you may have produced estimates but for which no orders have yet been placed.
Learn more about a prospective client,
brainly.com/question/28136114
#SPJ1
an account linked with another account that has an opposite normal balance and is subtracted from the balance of the related account is a
The correct option is B. An account linked with another account that has an opposite normal balance and that is subtracted from the balance of the related account is a Contra account.
In accounting, a contra account is a type of account that is used to reduce the balance of another account. Contra accounts are used to track transactions that offset the balance of another account, such as returns, allowances, or discounts. A common example of a contra account is the allowance for doubtful accounts, which is used to reduce the balance of accounts receivable to reflect the amount that is unlikely to be collected.
Contra accounts are used to provide a more accurate representation of the financial position of a company. By reducing the balance of an account with a contra account, the company can better reflect the true value of the account. Contra accounts are also used to provide more detail on the nature of the transaction that is being recorded. They allow accountants to separate different types of transactions and provide more information about the financial position of a company.
To learn more about Contra account visit here:
brainly.com/question/17639132
#SPJ4
Complete Question:
An account linked with another account that has an opposite normal balance and that is subtracted from the balance of the related account is a(n):
A) Accrued account.
B) Contra account.
C) Temporary Account.
D) Clearing account.
E) Permanent Account.
if the demand for a good is relatively inelastic, this means that consumer purchases of the good are group of answer choices not very sensitive to the price of the good. highly sensitive to the price of the good. unrelated to the price of the good. unaffected by changes in the income level of consumers.
The correct option is: Not very sensitive to the price of the goods. The given demand curve shows inelastic demand, which shows that a greater change in price is influencing a lesser measure of amount demanded.
Inelastic demand in financial matters happens when the demand for an item doesn't change as much as the price.
A lofty demand curve graphically addresses inelastic demand. The more extreme the curve, the more inelastic the demand for that item or administration is.
Inelastic demand applies to items that are not really receptive to price changes, like fuel or physician endorsed drugs.
Elastic demand happens when the proportion of amount demanded to price is mutiple. For instance, assuming the price dropped 10%, and the sum demanded rose half, the proportion would be 0.5/0.1 = 5. On the flip side, assuming the price dropped 10%, and the amount demanded didn't change, the proportion would be 0/0.1 = 0. That is known as being "perfectly inelastic".
to know more about elastic demand click here:
https://brainly.com/question/30166233
#SPJ4
the real estate manager of a commercial building needs to fill three empty spaces. the options for each store are:
Three voids must be filled in the commercial building housing the grocery shop.
Why do you use the term "commercial"?Anything that is commercial is typically related to business or commerce. A infomercial is a piece of business advertising. Selling services or items for a profit is said to it as trade. Also, commercial trading is done in the forward and financial markets, usually for hedging purposes.
Does "commercial" imply "price"?Advert Costs refers to the internal costs and funds paid to third parties expended by or on service of a Party or its Parties in carrying out the Corporatization to the extent relevant to the Licensed Product as an expense in line with U.S. commonly accepted accounting principles.
To know more about commercial visit:
https://brainly.com/question/26505973
#SPJ4
T
Q
M
is a management philosophy of delighting customers with superior products and services by continually setting higher goals and improving every business function
According to the TQM management philosophy, every aspect of the company should be improved in order to satisfy customers with greater goods and services.
Definition of management philosophyA statement or strategy that influences how a manager leads a team and makes choices is known as a management philosophy. Best management practices are determined by these ideas, which also aid in giving an organization structure and clarity.
Which three management philosophies are there?All three management theories are as follows: Classical management theory, developed in the 1900s, behavioral management theory, developed in the 1910s, & modern management theory make up the three main categories of management theory (1940s).
To know more about management philosophy visit:
https://brainly.com/question/18558066
#SPJ4
Lakeland Heating & Cooling installs and services commercial heating and cooling systems. Lakeland uses job costing to calculate the cost of its jobs. Overhead is allocated to each job based on the number of direct labor hours spent on that job. At the beginning of the current year, Lakeland estimated that its overhead for the coming year would be $64,800. It also anticipated using 4,050 direct labor hours for the year In October, Lakeland started and completed the following two jobs: E(Click the icon to view the jobs.) Lakeland paid a $24-per-hour wage rate to the employees who worked on these two jobs. Read the requirements Requirement 1. What is Lakeland's predetermined overhead rate based on direct labor hours?
Lakeland's predetermined overhead rate based on direct labor hours is 16 per direct labor hour.
At the beginning of the current year, Lakeland estimated that its overhead for the coming year would be $64,800.
It also anticipated using 4,050 direct labor hours for the year In October, Lakeland started and completed the following two jobs.
Lakeland paid a $24-per-hour wage rate to the employees who worked on these two jobs.
Predetermined overhead rate based on direct labor hours = Lakeland estimated that its overhead for the coming year/Direct labor hours
Predetermined overhead rate based on direct labor hours = 4,800/4,050
Predetermined overhead rate based on direct labor hours = 16 per direct labor hour
To learn more about overhead rate link is here
brainly.com/question/23453741
#SPJ4
i bought a car 5 years ago for $10,000. now, it is worth $5,000. i sell this car in 2012. by itself this transaction that occurred in 2012 would ?
By itself this transaction that occurred in 2012 would option C. Not count in the 2012 GDP.
The market value of all the final goods and services produced and sold (not resold) in a given time period by countries is measured in dollars using the term "gross domestic product" (GDP).
This measurement has undergone many various revisions in history before it could be trusted as an indicator because of how complicated and arbitrary it is for understanding.
However, GDP per capita does not account for variations in the cost of living and the rate of inflation of the various nations; as a result, using a basis of GDP per capita at purchasing power parity (PPP) may be more useful when comparing living standards between countries, whereas nominal GDP is more useful when comparing national economies on the global market.
The contribution of each industry or sector of the economy to the total GDP can also be determined. The per capita GDP of the area is calculated as it is divided by the total population.
To learn more about gross domestic product: https://brainly.com/question/1383956
#SPJ4
Note that the full question is:
i bought a car 5 years ago for $10,000. Now, it is worth $5,000. I sell this car in 2012. By itself this transaction that occurred in 2012 would_______?
A. Count in the 2012 GDP and decrease it.
B. Be included in the 2012 GDP, but the impact is uncertain.
C. Not count in the 2012 GDP.
D. Count in the 2012 GDP and increase it
refer to the table above: which of the following statements is correct? group of answer choices the opportunity cost of a dozen cookies does not depend on how many pounds of coffee are being produced. the opportunity cost of a dozen cookies increases as more cookies are produced. the opportunity cost of a dozen cookies decreases as more cookies are produced. the opportunity cost of a pound of coffee decreases as more coffee is produced.
2. The opportunity cost of a dozen cookies increases as more cookies are produced is correct.
The opportunity cost of a certain activity in microeconomic theory is the value or gain given up by engaging in that activity in comparison to engaging in an alternative activity.
More specifically, it indicates that if you choose one activity (for example, an investment), you are foregoing the potential to pursue something else. The ideal activity is the one that, net of opportunity costs, delivers the highest return when compared to all other activities.
For example, if you buy a car and use it solely for personal transportation, you cannot rent it out, and if you rent it out, you cannot use it for personal transportation.
To know more about opportunity cost:
https://brainly.com/question/13036997
#SPJ4
Correct question:
Cookies (in dozens) Coffee (in pounds)
1000 0
800 350
600 650
400 800
200 1000
0 1150
The table shows one set of production possibilities. Which one of the following statements is correct?
1. The opportunity cost of a dozen cookies does not depend on how many pounds of coffee are being produced
2. The opportunity cost of a dozen cookies increases as more cookies are produced
3. The opportunity cost of a dozen cookies decreases as more cookies are produced.
4. The opportunity cost of a pound of coffee deceases as more coffee is produced
Name and describe four trade barriers.
Answer:
subsidies, standardization, tariffs, quotas, and licenses.
Explanation:
The main types of trade barriers used by countries seeking a protectionist policy or as a form of retaliatory trade barriers are subsidies, standardization, tariffs, quotas, and licenses.
given the political and economic realities in india, what is the best entry strategy for a foreign retailer?
Generalizes on the best market entry strategy, such as visiting the country; the importance of relationships in finding a good partner.
What is the ideal route for an international retail chain to enter India?An international business can start business in India by partnering with just an Indian partner. A foreign company can begin operations in India by establishing a branch office, a representative office, and a project office.
What would be the best strategy for an international retailer to enter the market?The franchising process is one of the most famous international market entry strategies. Franchising is comparable to licencing, but it entails a lot more work. Franchising works well for companies that have a reliable and well-established business model, including such McDonald's or Starbucks.
To know more about strategy visit:
https://brainly.com/question/15860574
#SPJ1
the accounts in the ledger of seaside furniture company as of august 20y5 are listed in alphabetical order as follows. all accounts have normal balances. the balance of the cash account has been intentionally omitted. line item description amount accounts payable $40,050 accounts receivable 80,050 cash ? common stock 156,900 dividends 43,000 fees earned 667,100 insurance expense 12,650 land 182,800 miscellaneous expense 18,700 notes payable 87,000 prepaid insurance 6,000 rent expense 126,700 retained earnings 29,900 supplies 4,000 supplies expense 16,700 unearned rent 19,300 utilities expense 89,400 wages expense 373,600
After entering all the entries in the ledger we can find the difference in total cash balance in the following manner: $3,260,000- $3,052,675= $207,325
A ledger is an accounting book or group of books where account transactions are noted. Each account has a beginning or carry-forward balance, as well as the ending or closing balance, and would record each transaction as either a debit or credit in distinct columns.
The three types of ledgers are:
General ledger.Sales ledger or debtor's ledger.Purchase ledger or creditor's ledger.To put it simply, all transactions and events are double-entered into the ledger accounts. They are the main books or files used to track and add up financial transactions by account. The summary totals included in the ledgers are used to create an entity's financial statements.
Learn more about ledger here brainly.com/question/14976010
#SPJ4
play it again sells a unique and vast assortment of sheet music. its customers are high school and college band directors and choir directors who require several copies of the same music, including music written for a variety of instruments. to buy inventory for resale, the business seeks out wholesalers with large inventories. since cash flow is always an important concern, the owner keeps a watchful eye on how quickly various genres of sheet music sell. to help him in this assessment, which ratio would be an important part of this company's financial analysis?
Play it Again, as a retailer of sheet music, an important ratio that could help in assessing the company's financial performance is inventory turnover ratio.
Inventory turnover ratio measures the number of times the company sells and replaces its inventory during a given period. It is calculated as
Inventory Turnover Ratio = Cost of Goods Sold / Average Inventory
This ratio indicates how efficiently the company is managing its inventory and how quickly it is selling its products. For Play it Again, where cash flow is an important concern, a high inventory turnover ratio would be desirable, as it would indicate that the company is selling its products quickly and is not holding onto excess inventory for an extended period. Additionally, by tracking the inventory turnover ratio for different genres of sheet music, the owner could identify which types of music are selling more quickly than others and adjust the purchasing of inventory accordingly.
For more such questions on inventory ratio-
https://brainly.com/question/30657161
#SPJ4
which type of lack of capacity is easiest to prove? intoxication mental incompetence contracting for necessities minor status assessment question samuel has mental competency issues. samuel entered into a contract with beth, but now samuel is petitioning the court to terminate the contract. what options does the court have in ruling in the case? choose 2 answer choices. the contract is void if samuel was incompetent at the time the contract was formed. the contract is void if samuel has been previously determined to be mentally incompetent. the contract is voidable if a court has previously determined samuel to be mentally incompetent. the contract is voidable if samuel was incompetent at the time the contract was formed.
Options 1 and 2 are correct. Mental incapacity or incompetence refers to a person's inability to enter into a contract due to mental illness or intoxication and is the easiest to prove as a lack of capacity.
There are a couple of reasons an individual lack the capacity to go into an agreement. Minors, the insane, and people who are inebriated or drug-dependent are for the most part rejected from going into lawful arrangements. Mental incapacity just implies that an individual doesn't have the capability to go to an agreement. Notwithstanding inebriation, mental insufficiency can result from psychological maladjustments, like schizophrenia, infirmity, and, surprisingly, bipolar condition.
Most courts view contracts with people of Mental incapacity as voidable agreements, or agreements that might be voided by the weakened party. Yet, an individual can't simply make a case of mental insufficiency. There are two tests used to assist with deciding if involved with an agreement is unequipped to satisfy its commitments: a mental or emotional test, or an inspirational test. The court will oversee a mental or full-of-feeling test to decide if the individual grasps the agreement language and the results of going into the agreement.
In some cases, the individual grasps the language and the outcomes, so the court will test persuasive explanations behind going into the agreement. The test might demonstrate a condition like an insanity or preposterous reasoning as an inspiration. On account of an inebriated individual, the court views different things also.
Know more about Lack of Capacity - https://brainly.com/question/30628297
#SPJ4
Correct Question -
which type of lack of capacity is easiest to prove?
1. intoxication
2. mental incompetence
3. contracting for necessities
4. minor status
which of the following includes the assessment and improvement of business strategies, economic sectors, work practices, technologies, and lifestyles in the maintaining of the natural environment? question 1 options: competitive advantage marketing sustainability greenwashing risk analysis
In order to protect the natural environment, sustainability involves evaluating and improving company strategies, economic sectors, labor practices, technologies, and lifestyles.
What three qualities distinguish environmentally sustainable companies?A green company ought to help charitable causes.
Limit Your Dependence on Natural Resources.
Use recycled goods.
Material reuse.
Purchase Fairtrade goods.
Produce Products in Nations With Strict Environmental Regulations.
Spend money on eco-friendly packaging.
What program awards sustainable building techniques and methods?A green building certification program known as LEED, or Leadership in Energy & Environmental Design, honors best-in-class construction methods and procedures.
Which of the following laws focuses on lowering pollution through economically sensible adjustments to how production is run and how raw materials are used?By cost-effective modifications to production, operation, and raw material use, the Pollution Prevention Act focused industry, government, and the general public's emphasis on minimizing the amount of pollution.
To Know more about government,
https://brainly.com/question/16940043
#SPJ1
c. d. rom has just given an insurance company $38,500. in return, he will receive an annuity of $5,000 for 20 years. at what rate of return must the insurance company invest this $38,500 in order to make the annual payments? (do not round intermediate calculations. round your final answer to 2 decimal places.)
The insurance company must earn a rate of return of approximately 6.46% to make the annual payments.
How do you calculate the rate of return?We can use the present value of an annuity formula to find the rate of return that the insurance company must earn to make the annual payments:
PV = PMT x [1 - (1 + r)^(-n)] / r
where PV is the present value of the annuity, PMT is the annual payment, r is the interest rate, and n is the number of years.
Plugging in the given values, we get:
$38,500 = $5,000 x [1 - (1 + r)^(-20)] / r
Simplifying the right-hand side of the equation, we get:
$38,500 = $5,000 x [(1 - (1 + r)^(-20)) / r]
Multiplying both sides by r, we get:
$38,500r = $5,000 x [1 - (1 + r)^(-20)]
Expanding the right-hand side of the equation, we get:
$38,500r = $5,000 - $5,000(1 + r)^(-20)
Adding $5,000(1 + r)^(-20) to both sides, we get:
$38,500r + $5,000(1 + r)^(-20) = $5,000
Multiplying both sides by (1 + r)^20, we get:
$38,500r(1 + r)^20 + $5,000 = $5,000(1 + r)^20
Dividing both sides by $5,000, we get:
7.7r(1 + r)^20 + 1 = (1 + r)^20
Using trial and error or a calculator, we can solve for r to get:
r = 0.0646
So the insurance company must earn a rate of return of approximately 6.46% to make the annual payments.
To know more about rate of return, visit:
brainly.com/question/24232401
#SPJ1
what percentage of hardwood exports come from developing (periphery) countries and what percentage comes from developed (core) countries
Out of the total export of wood around 40% comes from developed countries and 15% comes from developing countries
Exports are crucial to the marketing of democracies because they provide individuals and companies with access to a larger market for their goods. One of the most important functions of international relations and diplomatic ties between governments is the promotion of commercial trade by encouraging exports. Exporting to new markets can boost sales and profitability and even provide businesses the chance to win a sizable share of the world market. Businesses that often export are frequently more unstable financially. Because they raise the gross domestic product of the exporting country, exports are essential to that country's economy.
To learn more about export refer here:
https://brainly.com/question/28590941
#SPJ4
if $5,000 is borrowed on a discount basis and the rate is 10 percent, the annual percentage interest rate on this loan would be
If $5,000 is borrowed on a discount basis and the rate is 10 percent, the annual percentage interest rate on this loan would be 11.1%.
The interest rate is the amount/money that the lender charges the borrower, which is the principal - a percentage of the loan amount. Interest rates on loans are usually quoted at an annual rate known as the annual percentage rate (APR).
Interest rates may also apply to amounts derived from a bank or credit union savings account or certificate of deposit (CD). Annual Rate of Return (APY) refers to the interest earned on these/the deposit accounts.
Interest rates are therefore applicable to most loans or lending transactions. Individuals borrow money to buy a home, finance a project, start or finance a business, or pay for college tuition.
Businesses borrow to finance capital projects and purchase fixed and long-term assets such as land, buildings and machinery to expand their operations.
To learn more about interest rate, here:
https://brainly.com/question/13324776
#SPJ4
at the equilibrium price, there are multiple choice shortages. no shortages or surpluses. excess inventories. surpluses.
It is impossible to have shortages or surpluses at the equilibrium price. This indicates that there is inventory and that the total amount of the surpluses by producers is equivalent to the amount of the demanded by consumers.
What products do consumers demand more of today?Consumers tend to demand more of a normal good as their incomes rise. When consumers' incomes rise, their demand for inferior goods decreases.
What's a good illustration of demand?The most useful restaurant slice, for instance, will be the slice a consumer can purchase first when they're starving. The utility falls and the customer's satisfaction rises with each additional slice.
To know more about demand of consumers visit:
https://brainly.com/question/5305472
#SPJ4
which of the following statements is true of core competencies? group of answer choices a firm's core competency is usually easy to imitate. a firm's core competency is more than just a core technology. an individual business unit has only one core competency. a firm's core competency refers to a single ability.
The following statements is true of core competencies A firm's core competency is more than just a core technology.
Which of the ensuing statements regarding fundamental competencies is accurate?Designing, making, and delivering the product are referred to as key competencies. General management, logistics, human resources, and R&D do not fall within the category of core competence.
What _____ the _____ of an organization?A company's set of abilities or experience in a particular field, as opposed to its physical or financial assets, is typically referred to as its core competency. The strategic strength of an organization can be characterized as its core expertise.
Should core competencies be continually enhanced in order for the company to gain or keep a competitive advantage?False or true In order for the business to gain or keep a competitive edge, core competencies should be continuously improved. It is true that competitors may obtain core competencies that give them a competitive edge if core competences are not continuously enhanced.
To Know more about core technology.
https://brainly.com/question/14587803
#SPJ1
A company's january 1, 2022 balance sheet reported total assets of $155,000 and total liabilities of $62,500. During january 2022, the company completed the following transactions: (a) paid a note payable using $12,500 cash (no interest was paid); (b) collected a $11,500 accounts receivable; (c) paid a $5,500 accounts payable; and (d) purchased a truck for $5,500 cash and by signing a $22,500 note payable from a bank. The company's january 31, 2022 balance sheet would report which of the following?
The company's January 31, 2022 balance sheet would report total assets of $159,500 and total liabilities of $77,000. This is because of the following transactions that were completed during the month of January:
Therefore, total assets would increase by $11,500 + $5,500 =
, respectively.
Learn more about balance sheet at: https://brainly.com/question/1113933
#SPJ11
which of the following statements concerning operations and supply chain management is true? group of answer choices operations management is the term used to describe how a company is linked to its suppliers, distributors, and customers. information, materials, and intangible needs are three examples of inputs to the transformation process. operations management decisions refer only to immediate issues, such as determining the best way to fill a current customer request. when referring to operations as a transformation process, the only possible output is a tangible good.
is accurate in relation to operations and supply chain management set of potential solutions The phrase "operations management" refers to a company's relationships with its distributors, suppliers, and clients.
The process known as supply chain management (SCM) in business entails procurement (purchasing raw materials/components), operations management (ensuring the production of high-quality products at a high rate with good flexibility and low production cost), logistics, and marketing channels in order to transform raw materials into finished goods and deliver them to customers. . This can include the movement and storage of raw materials, inventories of finished goods and works-in-progress, and the entire process of fulfilling orders. Three examples of inputs to the transformation process are information, materials, and intangible demands. Decisions in operations management only deal with urgent matters, including choosing the most effective method to fulfil a recent customer request. The only potential result when considering operations as a transformation process is a tangible good.
Learn more about supply chain management :
https://brainly.com/question/29241738
#SPJ4
Identify the negative consequences of establishing a price floor on milk. Negative Consequence Drag appropriate answer(s) here + Consumers will demand higher-quality milk as they are forced to pay more. There will be a surplus of milk. - + There will be a decrease in the quantity of milk demanded Sellers will be tempted to engage in illegal activity to recoup some of their costs due to milk that went unsold. Drog appropriate answer(s) here Not a Negative Consequence
A price floor is a cap placed well above equilibrium price point to stop vendors from overcharging customers.
What is an example of a consumer?Consumers are any person or entity who uses an item or service in its entirety. a customer who pays for a hairdresser to style and cut their hair. a company that buys a printer to use in the office.
Amount provided always surpasses quantity requested in the market when a pricing system is placed on any item or service.
Due to the large number of unsold properties, this will result in an excess supply of goods on the market.
The producers may even engage in unlawful activity to sell their remaining units in order to profit.
Based on the justification provided, we may categorize the negative and positive effects of a minimum price on milk as follows:
detrimental effects
1. There will also be a milk surplus.
2. The amount of milk that is desired will decline.
3. Due to the unsold milk, sellers may be encouraged to do illicit behavior in an effort to recover part of their expenditures.
Not a bad outcome
1. As consumers are compelled to pay more, they will expect milk of a higher caliber.
To know more about Consumers visit :
brainly.com/question/28273601
#SPJ4
an owner installs an antique fireplace in their living room. the cost is $20,000, but it only adds $7,000 in appraised value to the property overall. the homeowner is frustrated as they expected the added value to be at least equal to installation costs. which economic principle is demonstrated here?
From the given information, the economic principle demonstrated in this scenario is the principle of diminishing marginal utility.
The principle of diminishing marginal utility states that as a person consumes more of a good or service, the additional satisfaction or utility that they derive from each additional unit of the good or service tends to decrease. In other words, the more of a particular good or service a person has, the less valuable each additional unit becomes.
In this scenario, the homeowner may have assumed that the installation of an antique fireplace would add value to their property at a rate that is equal to the cost of installation. However, the appraised value of the property increased by only $7,000, which is significantly less than the installation cost of $20,000. This discrepancy demonstrates that the homeowner may have overestimated the marginal utility of the antique fireplace, and that the value of each additional unit (in this case, each additional dollar spent on the fireplace) decreased as more was consumed (installed).
Therefore, the principle of diminishing marginal utility is at play, and the homeowner has experienced a situation where the added value of a good or service did not increase at the same rate as the cost of the good or service.
Learn more about economic principles here: brainly.com/question/30199680
#SPJ4
Answer:
The economic principle demonstrated here is the Law of Diminishing Returns, which states that each additional input in a production process yields smaller and smaller returns. In this case, the homeowner invested $20,000 in the fireplace, but only received an additional appraised value of $7,000. This demonstrates that investments in certain goods can yield diminishing returns over time.
which of the statements below summarizes what the acid-test ratio measures? multiple choice question. the acid-test ratio measures the profitability of a company. the acid-test ratio measures the marketability of a company's merchandise. the acid-test ratio measures the efficiency of capital spending. the acid-test ratio measures a merchandiser's ability to pay its current liabilities.
The statement that summarizes what the acid-test ratio measures is: "The acid-test ratio measures a merchandiser's ability to pay its current liabilities."
What is acid test ratio ?The fast ratio, commonly referred to as the acid-test ratio, gauges a company's capacity to settle its current debts with its current assets minus inventories. The acid-test ratio offers a more conservative measure of liquidity than other ratios that take inventory into consideration by concentrating primarily on the company's most liquid assets (such as cash, marketable securities, and accounts receivable). The corporation is better able to fulfil its short-term obligations if the acid-test ratio is higher.To know more about acid test ratio , check out :
https://brainly.com/question/25814739
#SPJ1
You go to a restaurant and order a big meal. Even though you're full, you keep eating because it was expensive. This is an example of...
This is an example of sunk cost. A sunk cost, also known as a retrospective cost, is a previously made investment that cannot be recovered.
Sunk costs in business include marketing, research, new software installation or equipment, salaries and benefits, and facility expenses. A sunk cost is money that has already been spent and cannot be recovered. The sunk cost investment reflects the axiom that one must "spend money to make money" in business.
The sunk cost fallacy occurs because our emotions frequently cause us to deviate from rational decisions. Giving up on a project after committing to it and investing resources in it is likely to result in feelings of guilt and waste.
To learn more about Sunk costs, click here.
https://brainly.com/question/29488541
#SPJ4
Transcribed image text: > Question 9 One would speak of a movement along a supply curve for a good, rather than a change in supply, if o the cost of producing the good changes. O supplier expectations about future prices change. the price of the good changes. O prices of substitutes in production change.
One would speak of a movement along a supply curve for a good, rather than a change in supply, if the price of the good changes.
A movement along a supply curve occurs when there is a change in the price of the good. In this case, suppliers respond to the price change by adjusting the quantity of the good supplied, but there is no shift in the entire supply curve. If the cost of producing the good changes, there would be a shift in the supply curve, as suppliers would need to produce a different quantity of the good at every price level. Similarly, if supplier expectations about future prices change or if the prices of substitutes in production change, there would be a shift in the supply curve, rather than a movement along it.
Learn more about business here: brainly.com/question/15826604
#SPJ4
