Applied overhead is an example of a direct overhead expense that can be documented using the cost-accounting method.
The term "applied overhead" refers to a predetermined rate that is applied to a specific manufacturing job, product, or business division.
Payroll, accounting fees, advertising costs, rent and utilities, and business licenses are examples of overhead expenses. Direct costs, like those for raw materials or supplies for packaging, are directly related to the product or service you offer, whereas these costs are fairly predictable and constant.
In January, the applied overhead cost was based on the 120 percent predetermined overhead rate:
Since the applied overhead cost is lower than the actual overhead cost of $100,000, there is an underapplied overhead cost of = $100,000 - $96,000 = $4,000.
Applied overhead cost = Predetermined overhead rate x Actual direct labor cost = 120% $80,000 = $96,000.
$4,000 was not used up.
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a life insurance policy that contains an accelerated (living) benefit rider will provide funds if the
If a life insurance policy has an expedited (living) benefit rider, the money will be made available. The insured is anticipated to spend their entire lives in a nursing facility.
What is life insurance?Life insurance is a legal agreement between the owner of an insurance policy and an insurer, sometimes known as a "assurer," whereby the insurer guarantees to pay a specific beneficiary a certain amount of money in the event that the owner of the insurance dies.
Other circumstances, such critical illness or terminal disease, may also result in payment, depending on the terms of the contract.
A deal you are under with an insurance provider is life insurance.
In essence, the insurance company will reimburse your premium payments by giving your descendants a lump sum, or death benefit. Your beneficiaries are free to use the money for any purpose they choose.
Protecting the immediate estate to fulfill the requirements of survivors is the main goal of life insurance.
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tech company recently signed a lease on their new office space. as part of the lease agreement, they only have to pay a fixed rent, without having to pay any of the building's expenses. what type of lease did tech company sign...?
A Triple Net Lease (NNN Lease) is the lease that the Tech company signed.
What is Triple Net Lease?Real estate taxes, upkeep, and insurance are often the landlord's responsibilities rather than the tenant's in commercial real estate in the United States.The cost of a triple net lease can be determined in a variety of ways. Landlords will occasionally gather up all building-related costs, such as upkeep, insurance, and property taxes, and split the sum by 12.The monthly expense equals this figure. When a facility is leased by just one tenant, the process is made simpler. Usually, a rate per square footage is used to establish the monthly base rental price.To learn more about Triple Net Lease refer:https://brainly.com/question/30266887
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4. Suppose this monopoly industry becomes perfectly competitive without changing the demand or cost curves. Identify the equilibrium price and quantity that would prevail in the perfectly competitive market.
Since the demand and cost curves have not changed, the equilibrium price and quantity would be the same as before the market became perfectly competitive in the monopoly industry.
What is monopoly?
A monopoly is a market structure in which there is only one firm producing a good or service. This firm has complete control over the market and can set the price for the good or service. Because there are no close substitutes and no other firms producing the same good or service, the monopolist has significant market power, allowing it to charge a higher price and produce a lower quantity than in a perfectly competitive market.
In a perfectly competitive market, the equilibrium price and quantity is determined by the intersection of the market demand curve and the market supply curve. The market demand curve represents the quantity of a good that consumers are willing to buy at different prices, while the market supply curve represents the quantity of a good that firms are willing to produce and sell at different prices.
In the case of a monopoly industry becoming perfectly competitive without changing the demand or cost curves, the market demand curve would remain unchanged, while the market supply curve would shift outward to the right. This is because in a perfectly competitive market, there are many firms producing the good, each with a small market share. As a result, each firm has little market power and must accept the market price. Therefore, the equilibrium price and quantity in a perfectly competitive market would be lower than that of a monopoly market, as the market price would be determined by the intersection of the market demand and supply curves, which are more elastic in a perfectly competitive market.
For example, if the demand curve is Qd=100-2P and the cost curve is Qs=10+2P
the equilibrium price and quantity under monopoly would be P=45 and Q=55
but under perfect competition, the price would be P=20 and Q=80
This is because under perfect competition, firms are price takers and they have to produce at the market price. So the firm will produce where price equals marginal cost and that is why we see the equilibrium price and quantity is different from monopoly.
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If a company competes on price alone in a competitive bidding scenario, then what type of problems can this create? It can cause a company to lose discipline and include too much of the marketing mix.
It can create a price is a sustainable competitive advantage, but the competitors will have difficulty copying price.
It can create a low price, jeopardizing a company’s ability to deliver its services or products without cutting into its profits
It can make a business forget its focus and overuse the marketing mix. Price can be made into a permanent competitive advantage, but rivals will find it challenging to match it.
More than any other component of the marketing mix, price is the easiest for rivals to mimic. A strong rival may temporarily decrease prices and force others out of the market if it observes weaker competitors competing only on price. Low prices can put a company's ability to profitably provide lasting value in jeopardy.
We determined the steps that businesses take to decide what to buy. Two of these phases, proposal solicitation and supplier selection, are particularly significant when it comes to pricing consideration.
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japanese manufacturers often pursue a strategy that is part collaboration, part purchasing from a few suppliers, and part vertical integration. what is this approach called? group of answer choices samurai kaizen keiretsu poke-yoke kabana
A keiretsu is a network of suppliers who become part of a company coalition. It is part collaboration, part purchasing from a few suppliers, and part vertical integration
What is keiretsu?A keiretsu is a group of businesses with intertwined financial ties and stock ownership. In the legal sense, it is a category of loosely coordinated partnerships within the social realm of the Japanese business community. Keiretsu is a Japanese word that translates to "group."The term is frequently used interchangeably with partnerships, alliances, and extended enterprises in the business world. Establishing secure, long-term partnerships through the creation of a keiretsu enables a firm to maintain a lean operation and concentrate on essential business needs.A coalition of suppliers known as a keiretsu joins a corporation. It involves a mix of vertical integration, purchasing from a small number of vendors, and collaboration. Typically, suppliers are either debtors to or partial owners of the purchasing organization. In Japan, this structure is fairly typical.To learn more about keiretsu refer to:
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Which two things do crm methods accomplish?
about customer segments that
crm is a set of methods that seeks both to understand customers and to
companies should consider catering to.
Decisions are made using the CRM, which aims to comprehend customers and understand the market categories that businesses target.
What is a CRM tool?With CRM software, you can manage marketing campaigns, track service issues, identify sales opportunities, and store customer and prospect contact information all in one convenient location. You can also make data about each customer interaction accessible to anyone at your company who might need it.
The main element of CRM is which of the following?Lead management, account management, opportunity management, forecasting, pipeline analysis, contact management, activity management, email management, and reporting are a few of the key components of the same.
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banc corporation trust is considering either a bank-wide overhead rate or department overhead rates to allocate $396,000 of indirect costs. the bank-wide rate could be based on either direct labor-hours (dlh) or the number of loans processed. the departmental rates would be based on direct labor-hours for consumer loans and a dual rate based on direct labor-hours and the number of loans processed for commercial loans. the following information was gathered for the upcoming period: departmentdlhloans processeddirect costs consumer14,000700$ 280,000 commercial8,000300$ 180,000 what is the overhead rate if banc corporation trust allocates the indirect costs using direct labor-hours?
According to the question, total costs for the Commercial Department= $118,800.
What does "cost" mean?A cost is the worth of money that has been expended to manufacture something or provide a service and is therefore no longer available for use in production, development, retail, and accounting. In the case of an acquisition cost, the money spent on the acquisition is considered the cost.
Providing the following details:
$396,00 in estimated overhead
Department: 700 =Consumers
300 = Commercia
Use the following calculation to determine the anticipated production overhead rate:
Entire estimated overheads for the period divided by the total amount of the allocation base gives the estimated manufacturing overhead rate.
Estimated manufacturing overhead rate
= 396,000/1,000
= $396 per loan processed.
Now, we can allocate overhead:
Allocated MOH
= Estimated manufacturing overhead rate× Actual amount of allocation base
Allocated MOH
= 396×300
= $118,800
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how much is fleming contributing to donaldson's closing costs under the contract from fleming to donaldson?
According to the contract between Fleming and Donaldson, Fleming will not cover any of Donaldson's closing costs.
By costs, what do you mean?Costs are the monetary value of purchases made for use by a company or other accounting entity of supplies, services, labor, products, equipment, and other items. It is the sum listed as the price on invoices and recorded as an expense or asset cost basis in bookkeeping records.
What do corporate expenses entail?Costs are the expenses a firm has to pay to produce goods and/or render services. Costs are significant to business because they: Are the thing that consumes a company's profits. are what separate creating a good profit margin from a low profit margin.
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one of the necessary conditions for a contestable market is that new firms entering the market have a cost advantage over the existing firms. group of answer choices false true
One of the necessary conditions for a contestable market is that new firms entering the market have a cost advantage over the existing firms is true.
What is contestable market?Unlike perfect competition, a contestable market may have any number of firms (even just one or a few), and these firms are not all required to be price-takers. When scale economies prevent many rivals from entering a market, the analysis of contestable marketplaces is intended. When there are obstacles, the market is said to be less competitive, and when obstacles are insurmountable, the market is said to be non-competitive (or uncontestable). A market is also rendered non-contestable by the impossibility to exit it—possibly due to a contractual duty to supply. The threat of new entrants into the market, brought on by the lack of entry and exit barriers, determines whether a market is contestable.To learn more about contestable market refer to:
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A local gymnastics studio offers dance, tumbling, trampolines, and competitive cheer training for kids of all ages. To recruit students for these lessons, the studio also hosts birthday parties, afterschool care, and swim lessons. These offerings interact to
A local gymnastics studio offers dance, tumbling, trampolines, and competitive cheer training for kids of all ages. To recruit students for these lessons, the studio also hosts birthday parties, afterschool care, and swim lessons. These offerings interact to diversity the corporate high level energy .
What is local gymnastics studio ?
Children of all ages can receive competitive cheerleading training at a nearby gymnastics facility, which also provides dancing, tumbling, and trampolines.
The studio also holds birthday celebrations, after-school programs, and swim lessons to draw new students for these classes.
the game. Three categories—artistic, rhythmic, and trampoline—are used to categorize Olympic gymnastics.
What serves as gymnastics' primary objective?
The sport of gymnastics is well known for enhancing general physical performance in all other sports as well as improving fitness, strength, balance, and body control (Harrell, 2003).
Both are pricey, but dancing will set you back a bit more due to the cost of costumes, classes, and travel to competitions. It is important to balance your money and schedule appropriately because gymnastics has expenditures as well.
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37. Choose the option to correctly complete the sentence. Based on the influence chart below, in order to compute gross margin, it is sufficient to know the values of:
When an analyst selects a sample that is not a reliable representation of the entire population of data, they commit a statistical error known as a sampling error.
A truly random sample in statistics entails choosing participants from a population with an equivalent probability; in other words, selecting impartial participants. If this isn't done correctly, there will be a bias in the sampling, which will systematically raise the sample error. For instance, estimating the average height of everyone on Earth from a sample from only one country may be significantly over- or underestimated. In reality, it may be difficult to choose an impartial sample because several factors (such as country, age, gender, and so on) may significantly sway the estimator. When selecting the sample, it is crucial to make sure that none of these factors are taken into account.
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which of the following procedures would provide the most reliable audit evidence? a) inquiries of the client's accounting staff held in private. b) inspection of pre-numbered client shipping documents. c) inspection of bank statements obtained directly from the client's financial institution. d) analytical procedures performed by auditors on the client's trial balance.
c) inspection of bank statements obtained directly from the client's financial institution. the following procedures would provide the most reliable audit evidence.
Financial institution, often known as banking institutions, are commercial firms that operate as middlemen for many forms of financial monetary transactions. In general, there are three sorts of financial institutions. Deposit-taking institutions, such as banks, building societies, credit unions, trust companies, and mortgage loan firms, take and manage deposits and provide loans. Insurance firms and pension funds are contractual institutions. Investment institutions include investment banks, underwriters, and other financial firms that manage investments. Financial institutions are typically classified into two types based on their ownership structure Some analysts observe a trend toward financial institution homogenisation, which is a tendency to invest in comparable regions and pursue similar business methods. As a result, there may be fewer banks serving.
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The anticipated value of the outcomes associated with performance is known as Group of answer choices self-efficacy equity valence expectancy
The anticipated value of the outcomes associated with performance is known as valence.
What is Valence?
Valence is the potential value or reward associated with an outcome. It is the anticipated value of the outcome that drives motivation and behavior. Valence is the emotional charge attached to an outcome, and is often used to describe how much a person desires a particular outcome. For example, a person may view a raise as having high valence, as it is associated with rewards such as increased income, improved job security, and recognition from the employer.
Valence refers to the anticipated value of outcomes associated with performance, and this can be used to determine the level of motivation an individual experiences when engaging in a certain activity. This concept is important in understanding how people decide which tasks to prioritize and how to allocate their resources. By understanding valence, we can better understand how to motivate people to undertake certain tasks and how to ensure that they are rewarded for achieving desired outcomes.
Therefore, valence is the correct answer.
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what function is part of the marketing process? multiple choice determining an appropriate brand name for a new product designing the most efficient method of production for a new product contacting suppliers after a purchase to ensure producer satisfaction developing an understanding of company finances available for new products
The seven functions of marketing process are advertising, sales, product/service management, marketing information management, pricing, financing, and distribution.
The marketing process consists of four elements: Strategic marketing analysis, marketing mix planning, marketing execution, and marketing management. The purpose of marketing in a profit-oriented organization is to make a profit and satisfy a need. Therefore, companies must first define which needs and whose needs can be satisfied. For example, the passenger transport market is made up of people who place varying values on cost, speed, safety, status, and design of cars.
No vehicle can meet all these requirements in an excellent way. A compromise is needed. In addition, some people choose to use something other than a motor vehicle as their means of personal transportation, such as B. motorcycles, bicycles, buses, or other forms of public transportation. With variables like these, auto companies must identify different customer preference groups or segments and determine which groups can be targeted and profitable.
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you are the project manager of the xyz project. you want to find the planned expenses for next month. which document do you need to refer to?
the document do you need to refer is Cost Management Plan, Cost Baseline Cost Control Plan ,Cost Variance Report etc.
The implementation of a cost management plan facilitates budget mapping and control. It enables project managers to plan their spending, allocate resources wisely, and keep track of overall spending. Plans for cost management keep all project costs, direct and indirect, in one place.
Cost Variance Report: Cost variance analysis is a method used in accounting to look into inconsistencies in budgeting. It entails calculating the discrepancy between budgeted amounts and actual spending, then investigating and documenting the reason for the discrepancy.
In project management, a baseline refers to the project plan's precisely stated initial state. It serves as a constant benchmark against which to gauge and assess the advancement of your project. This enables you to evaluate the success of your project.
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you purchase a two-acre lot at $90,000 per acre. if you subdivide the lot into four lots and sell each of those lots for $40,000, what will your percentage of profit or loss be?
Take the selling price and subtract the initial purchase price. The result is the gain or loss. Take the gain or loss from the investment and divide it by the original amount or purchase price of the investment.
what will your percentage of profit or loss be?
You can easily determine a company's profit margin by subtracting the cost of goods sold (COGS) from its total revenue and dividing that figure by the total revenue. Multiply that figure by 100 to get a percentageTo find the net gain or loss, subtract the purchase price from the current price and divide the difference by the purchase prices of the asset. For example, if you buy a stock today for $50, and tomorrow the stock is worth $52, your percentage gain is 4% ([$52 - $50] / $50).Profit = Selling Price - Cost Price. Similarly, in the case of loss, the cost price is more than the planned selling price. Profit % = Profit/Cost Price × 100. Loss % = Loss/Cost Price × 100.To learn more about profit refers to;
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FILL IN THE BLANK. On 01.10.2013, the apple share price is $610 and the call option with exercise price $610 and exercise date 01.11.2013 is $10. With $610 you can buy exactly ___ apple share(s). If the share price increases to $630 on the 01.11.2013 you would have made $ ___ profits. If the share price decreases to $600 you would have made $ ___ losses. Alternatively, you could have bought ___ call options with $610. If the share price increased to $630 these call options would have resulted in a profit (net of buying outlays) of $ ___. However, if the share price would have decreased to $600, you losses would have been exactly $ [F]. What are the values of C and E
A call option is a deal that binds a buyer and a seller to buy a specific stock at a specific price until a specified expiration date.
How do call options operate?A call option is a deal that binds a buyer and a seller to buy a specific stock at a specific price until a specified expiration date. The call buyer has the option to exercise the call and buy the stocks; this is not an obligation.The right to purchase 100 shares of Apple stock at $100 up until the option's expiration date, for instance, could be provided by a single call option contract. Traders have a wide range of strike prices and expiration dates to select from.The right to purchase 100 shares of Apple stock at $100 up until the option's expiration date, for instance, could be provided by a single call option contract.To learn more about call option refer to:
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Referring to the table in problem 5, suppose improvement occurs in the technology of producing forklifts but not in the technology of producing automobiles. Draw the new production possibilities curve. Now assume t a technological advance occurs in producing automobiles but not in producing forklifts. Draw the new production possibilities curve. Now draw a production possibilities rune t reflects technological improvement in the production of both goods.
The production of cars and forklifts has advanced technologically, which suggests that we can make more cars and forklifts with the available resources.
If the technology for only forklifts improves in case 1, the PPF will rotate away from the X axis and the slope, or marginal rate of transformation, will change.
In case 2, as automotive technology advances, the PPF will rotate away from the Y axis and its slope, or marginal rate of transformation, will alter.
In Case 3, Both the PPFs will shift outward in the right direction as technology advances, but the PPF's marginal transformation rate will remain constant.
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when the price of surfboards drops bt 5%, the quantity demanded changes by 20%. you know that the price of elasticity of demand for surboards is
When the price of scooters drops by 5%, the quantity demanded changes by 20%. You know that the price elasticity of demand for scooters is: elastic.
The elasticity of demand alludes to the adjustment of demand when there is an adjustment of another financial component, like cost or pay.
Demand is thought of as inelastic assuming demand for a decent or administration stays unaltered in any event, when the cost changes,
Versatile products incorporate extravagance things and certain food and refreshments as changes in their costs influence demand.
Inelastic merchandise might incorporate things, for example, tobacco and professionally prescribed drugs as demand often stays steady regardless of cost changes.
Inelasticity of demand is obvious when demand for a descent or administration is static when its cost or other component changes,
Inelastic items are normally necessities without satisfactory substitutes. The most well-known merchandise with inelastic demand are utilities, physician recommended medications, and tobacco items.
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The complete question is:
When the price of scooters drops by 5%, the quantity demanded changes by 20%. You know that the price elasticity of demand for scooters is:
A: unitary elastic
B: inelastic
C: elastic
your client operates a business under the cash method of accounting and uses the calendar year for the tax year. on november 30, 20x1, she finished a consulting job and billed the client, who sent her a check on january 6, 20x2. how should she treat this income and why?
The right response is D. From the information provided, it is pretty obvious that the proper response is As 20X1 income because revenue was made during that year.
What accounting is ?Accounting, which is frequently referred to as simply "finance," is the process of gathering, analyzing, and disseminating financial and other data on companies and businesses. Describe accounting. Maintaining records of a business's financial transactions is called accounting.
What are accounting fundamentals?Revenues, costs, assets, and liabilities are all topics covered by the fundamental accounting concepts utilized in business. Balance sheets, pay stubs, and cash flows statements are just a few of the records that track and record these factors.
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The Complete Question :
Your client operates a business under the cash method of accounting and uses the calendar year for the tax year. On November 30, 20X1, she finished a consulting job and billed the client, who sent her a check on January 6, 20X2.
How should she treat this income and why?
A) Half as 20X1 income and half as 20X2 income.
B) One-twelfth as 20X1 income and eleven-twelfths as 20X2 income
C) As 20X2 income, because the check was received during that year
D) As 20X1 income, because the income was earned during that year
unhappy with some of the fees a local mortgage company charges her clients, renee decides to not do business with that company and convinces buyer brokers who show her listings to not do business with this company, either. what is this an example of?
The given situation is an example of a group boycott.
What is a group boycott?In terms of competition law, a group boycott is a particular kind of secondary boycott in which two or more rival businesses in a particular market refuse to do business with a company unless the latter agrees to stop working with one of their current or future rivals.
It is a type of refusal to do business and can be used to keep a rival out of a market or stop a new company from entering one.
Of course, real estate brokers must abide by antitrust regulations just like other sectors of industry.
A group boycott is when rival companies deliberately refuse to do business with a certain "target" company or individual.
Therefore, the given situation is an example of a group boycott.
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arabela, a hispanic female in the accounting department of a large retail chain, believes she has been the victim of race and sex discrimination. what is a reason she would not be able to turn to the office of federal contract compliance programs (ofccp) for assistance with this problem?
The fundamental reason is that federal anti-discrimination laws would not apply to a retail chain.
Why are anti-discrimination laws necessary?Discrimination legislation exists to ensure that everyone has an equal opportunity to participate in public life, regardless of irrelevant personal qualities. Discrimination legislation governs public life rather than private life.
Employment discrimination robs the economy of creativity and dynamism by harming the employees who face it. Following the enactment of the Civil Rights Act of 1964, federal anti-discrimination initiatives were critical in building a more fair, egalitarian, and dynamic job market.
Anti-discrimination rights aren't very successful at combating deeper prejudices and disadvantages; in fact, they can sometimes exacerbate these issues. Today's laws are frequently regrettably unsuccessful for victims of discrimination and painfully obtrusive for companies.
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an issuer that is listed on the nyse is making an offering of convertible debentures. under uniform state law, which statement is false? a the administrator can require that the issuer make a notice filing in the state b the administrator can bring an enforcement action against the issuer if the offering is fraudulent c the administrator can subject the offering to state review and approval d the administrator can require the issuer to pay a filing fee in the state
This is a federal covered security (all exchange listed issuers are "federal covered") that can only be required to be registered with the SEC.
Which of the following does not meet the Uniform Securities Act's definition of a security?In the USA, a fixed annuity is not regarded as a security because it is an insurance contract. Securities are categorised as stock options, limited partnership interests, and commodities options in the USA.
The federal registration of recently issued securities is governed by the Securities Act of 1933. According to the Uniform Securities Act, a security must also be registered with the SEC in accordance with the Securities Act of 1933 in order to be registered via registration by coordination.
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each stockholder in a corporation has a separate capital account in the stockholders' equity section of the balance sheet. group of answer choices true false
The given statement is false because each stockholder in a corporation does not have a distinct capital account in the equity section of the balance sheet of stockholders.
A capital account is described as a general ledger account that is used to record contributed capital and retained earnings of the owners - the cumulative amount of an enterprise's earnings since it was established, minus (-) the cumulative dividends paid to the shareholders. In the balance sheet, capital account is reported in the bottom section, showing the net worth of the business at a given point in time. There are no different capital accounts in the the equity section of balance sheet for different stakeholders.
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brettson beauty supply asked the ad agency to show what they could do for the beauty supply company before they signed on with the agency. in this case, the ad agency must create a
Before signing on with the ad agency, Brettson Beauty Supply requested a demonstration of what the firm could accomplish for the beauty supply company. The advertising firm in this situation needs to develop a three-dimensional advertising strategy.
What are the three dimensions of marketing?Making ensuring the elevations of the adjacent neighborhood buildings, the proposed hotel, and the surrounding scenery were accurate was essential for the 3-D model. Making realistic 3D product models for use in 3D advertising allows people to engage with your brand's merchandise just as they would with a real one. In order to give users an immersive experience, 3D advertising frequently combines with Augmented Reality (AR) advertising. This places your product in the user's actual environment.
We questioned respondents in our most recent McKinsey study on marketing and sales about the three essential phases of marketing: finding and accumulating insights, designing goods and offers based on those insights, and bringing those products and offers to market. Advertisers can utilize 3D models to showcase their goods in a realistic manner and draw viewers in.
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the following questions relate to kyle company, which manufactures products ka, kb, and kc from a joint process. joint product costs were $189,000. additional information follows. if processed further product units produced sales value at split-off sales values additional costs ka 84,000 $ 240,000 $ 330,000 $ 54,000 kb 60,000 210,000 270,000 42,000 kc 24,000 150,000 240,000 30,000 after the publication of recent scientific test results, the government has banned the sale of product kc. if kc is produced, it must be disposed of in an approved way that costs $171,000 for every 24,000 units produced. required: a. assuming that kyle company continues to use the physical quantities method of allocation, what joint costs will be allocated to ka and to kb, respectively? b. which, if either, product would you recommend kyle company sell at split-off?
Assuming that Kyle company continues to use the physical quantities method of allocation, the joint costs that would be allocated to KA and KB will be 210,000 and 150,000 respectively.
Give a brief account on Product costs.Product costs are the costs incurred during a product's manufacture. These prices cover all costs associated with production, including labour, materials, and factory overhead. The labour expenses incurred in rendering a service to a customer are included in the cost of the product. Costs for service products should take into account all compensation, payroll taxes, and employee benefits. Product cost is reflected in the financial statements as it includes the production overhead mandated by GAAP and IFRS. When making quick judgements on production and selling prices, managers may alter product costs to eliminate the overhead component. The effect a product will have on a bottleneck activity is something that managers might wish to focus on. It indicates that they are mostly concerned with the price of the product's raw ingredients and how long it spends at the bottleneck.
To solve the question :
Total units produced of Product KA and Product KB :
= 84000 + 60000 = 144000.
Joint product cost :
= 189000 + 171000 (Disposal cost of banned product KC) = $ 360000.
Product Joint costs
KA 210000. (360000 × 84000 / 144000)
KB 150000. (360000 × 60000 / 144000)
b) I would not recommend any product to Kyle Company sell at split-off.
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robert manages a website that sells sporting goods. he wants his products to be featured in various online sporting publications while potential customers are researching and comparing different football brands online. which option will help robert influence customer consideration?
In-Market audiences will help Robert influence customer consideration, if He wants his products to be featured in various online sporting publications while potential customers are researching and comparing different football brands online.
What is a market, exactly?In order to expedite the exchange or transaction of products and services, buyers and sellers can come together in a market. A market may be actual, like a real store, or it may be virtual, like an online retailer. Financial markets, auction markets, and criminal markets are other examples.
What are some instances of markets?A market is any location where producers, retailers, or distributors sell and customers buy. Examples include stores, main thoroughfares, or websites. The word could also apply to the entire group of people that purchase an item or service.
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In its first year of operations, crane company recognized $31,700 in service revenue, $7,700 of which was on account and still outstanding at year-end. The remaining $24,000 was received in cash from customers. The company incurred operating expenses of $16,600. Of these expenses, $12,690 were paid in cash; $3,910 was still owed on account at year-end. In addition, crane prepaid $3,260 for insurance coverage that would not be used until the second year of operations
Under Cash Basis - $8050 ; Under Accrual Basis - $15700
Under the money premise, costs and income are kept in the period the money is gotten or spent.
Under the Accrual basis, costs and income are kept in the period caused.
Under Cash basis:
= Cash Income - cash costs - Prepaid costs
= 24,000 - 12,690 - 3,260
= $8,050
Under Accrual basis:
= Income for the year - Costs for the year
= 31,700 - 16,600
= $15,700
Accrual basis is a strategy for recording bookkeeping exchanges for income when procured and expenses when caused. The accumulation premise requires the utilization of remittances for deals returns, terrible obligations, and stock outdated nature, which are ahead of such things really happening. An illustration of accumulation premise bookkeeping is to record income when the connected receipt is given to the client.
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Complete Question -
In its first year of operations, crane company recognized $31,700 in service revenue, $7,700 of which was on account and still outstanding at year-end. The remaining $24,000 was received in cash from customers. The company incurred operating expenses of $16,600. Of these expenses, $12,690 were paid in cash; $3,910 was still owed on account at year-end. In addition, crane prepaid $3,260 for insurance coverage that would not be used until the second year of operations
Calculate the first year's net earnings under the cash basis of accounting, and calculate the first years net earnings under the accrual basis of accounting ?
Which of the blocks in the nominal interest rate stack accounts for the fact that I (your professor) might be charged a lower rate than you for the same loan?
The block in the nominal interest rate stack that accounts for the fact that your professor might be charged a lower rate than you for the same loan is credit risk.
Credit risk measures the lender's assessment of the borrower's ability to repay the loan. If your professor has a better credit rating than you, then he may be able to get a lower interest rate.
Lenders also consider other factors when determining the interest rate, such as the amount of the loan, the length of the repayment period, and the type of collateral used for the loan. All of these factors may influence the interest rate your professor receives, allowing him to get a lower rate than you.
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Which of the following should serve as a detailed outline of the company and convince the audience to read the rest of the business plan?
answer choices
O Business Description
O Financial Plan
O Executive Summary
O Marketing Plan
c) Executive Summary serve as a detailed outline of the company and convince the audience to read the rest of the business plan.
An executive summary (or management summary, often known as a speed read) is a brief document or piece of a longer document created for business objectives.
It summarizes a lengthy report or proposal, or a series of linked papers, so that readers can become acquainted with a big body of content quickly without having to read it all. It often includes a brief summary of the problem or proposition addressed in the major document(s), background information, concise analysis, and main findings.
It is intended to help managers make decisions and has been considered as the most significant aspect of a business plan. Previously, an executive summary was known as a summary.
It varies from an abstract in that an abstract is normally shorter and meant as an overview or orientation rather than a condensed version of the whole document. Abstracts are widely employed in academic research where the concept of an executive summary is unfamiliar.
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