If the amount of overhead actually incurred in May was $11,248, the controllable variance for the month would be $479 U
Total controllable variance = Flexible budget overhead - Actual overhead incurred
Total controllable variance = $10,770 - $11,249
Total controllable variance = $479 U
A controllable variance is one where the "rate" component is modifiable. The two components that make up a variance are the volume variance overhead and the rate variance. While the rate element is the difference between the actual price paid and a standard or budgeted price, the volume element is that portion of the variance that can be attributed to changes in sales volume or unit usage from a standard or budgeted amount.
The portion of the overall factory overhead variance unrelated to changes in volume is therefore the controllable variance. Or, to put it another way, the controllable variance is equal to the difference between actual costs and the sum budgeted for the permitted standard number of overhead units.
Learn more about controllable variance here
https://brainly.com/question/13985361
#SPJ4
what must you be sure to do once you've begun using class tracking? answer: a. restart the accounting cycle. b. turn on location tracking. c. use it for every transaction. d. run the profit
While using class tracking one should make sure to restart the accounting cycle. Therefore, Option (a) is the correct answer for this question.
What is accounting cycle?
The accepting, recording, classifying, and crediting of payments made and received inside a business over a specific accounting period is known as the accounting cycle.
Steps in a accounting cycle
Identification of transactions, journal entry recording, posting of transactions, preparation of the unadjusted trial balance, worksheet analysis, correction of worksheet inconsistencies, preparation of the financial statement, and closing the books are the steps in the accounting cycle.The accuracy and uniformity of financial accounts are primarily ensured by the accounting cycle. Even if the majority of accounting is performed properly, it is still crucial to check that everything is accurate because mistakes can accumulate over time.
Read more about accounting cycle: https://brainly.com/question/28502393
#SPJ4
under the fourth step (address and refine results) of the impact model used to implement data analytics in the audit, auditors would:
Under the fourth step (address and refine results) of the impact model used to implement data analytics in the audit, auditors would list expected exceptions to the analytics and expected remedial action by the auditor.
Analytics is the process of identifying, explaining, and sharing important trends in data. Simply said, analytics enables us to see information and insights that we may otherwise miss. The main goal of business analytics is to help firms boost sales, save costs, and make other business changes by using the insights gained from data to make better educated decisions.
Business analytics is commonplace today since every business aspires to perform better and uses data analysis to make wiser decisions. In order to provide deeper insights faster, for more people, and for less money, organisations are striving to get more from analytics. You want a strong cloud analytics (PDF) platform to achieve those objectives, one that supports the complete analytics process with the security, adaptability, and dependability you demand.
Learn more about Analytics here:
https://brainly.com/question/28191959
#SPJ4
a is similar to a bond payable but is normally transacted with a single lender such as a bank. multiple choice question.
Similar to a bond payable, a note payable is typically done with a single lender, like a bank.
Long-term obligations known as notes payable represent the sums that a firm owes its financiers, including banks and other financial institutions as well as other funding sources like friends and family. They are considered long-term since they are due after a year, though typically within five years.
Written promissory notes are known as notes payable. A borrower receives a certain sum of money from a lender under this arrangement and promises to pay it back with interest over a predetermined time frame.
A formal contract between your business and a financial institution or other lender is always indicated by notes payable. The amount of the loan, the terms of repayment, the interest rate, and the due date are always specified in the promissory note, which summarizes the formal agreement.
Learn more about notes payable here:
https://brainly.com/question/13123945
#SPJ4
question content area top part 1 the privilege of moving funds from one fund to another within the same family without paying a commission is known as the
A privilege of moving funds from one fund to another within the same family without paying a commission is known as the exchange privilege.
What is an exchange privilege?In finance, an exchange privilege means an opportunity given to mutual fund shareholders to exchange their investment in a fund for another within the same fund family. This type of privilege can also be used for a number of market strategies.
The investors who take an advantage of exchange privilege within a fund family are able to rotate their investment strategy based on market conditions and generally take advantage of the various funds offered by the mutual fund company.
However, some certain exchange fees or capital gains taxes may apply, though the former is usually very minimal, hence, the benefit of an exchange privilege is enjoyed by the investor.
Read more about exchange privilege
brainly.com/question/1150492
#SPJ1
What type of account is discount on bonds payable and what is its normal balance?.
When a company issues bonds at a price below par, the account "discount on bonds payable" is debited. The account is a contra-liability account with a typical debit balance.
What is a contra-liability account?A contra liability account in finance is one that has a debit made against it with the specific intent of offsetting a credit made to another liability account. Liabilities are reduced by contra liabilities, which have a negative balance. In other words, an asset or liability's book value is modified using the contra liability account.A "discount on bonds payable" account is debited when a corporation releases bonds at a price lower than the par value. The account has a typical debit balance and is a contra-liability account.Therefore, when a company issues bonds at a price below par, the account "discount on bonds payable" is debited. The account is a contra-liability account with a typical debit balance.
Know more about a contra-liability account here:
https://brainly.com/question/26498002
#SPJ4
Which of these household purchases will be counted as part of consumption in a country’s gross domestic product?.
“Although part of your
question is missing, you might be referring to this full
question: (pick more than 1)
a) a newly constructed home
b) a new car for personal use
c) shares of a company's stock
d) a new haircut
e) a government-issued savings bond
f) a used dresser
a new haircuta new car for personal useProduction refers to the act of creating the product or services, whereas consumption refers to the acts that deplete the resource we had to obtain a good or service.
In order to obtain a new haircut, we must expend the value of our resources (cash). Since we are not using cars to make money, purchasing a car for personal use is also regarded as an investment.
Learn more about the gross domestic product on:
brainly.com/question/1383956
Which of these household purchases will be counted as part of consumption in a country’s gross domestic product?
(pick more than 1)
a) a newly constructed home
b) a new car for personal use
c) shares of a company's stock
d) a new haircut
e) a government-issued savings bond
f) a used dresser
how should cumulative preferred dividends in arrears be reported in a corporation's balance sheet note disclosure
The cumulative preferred dividends in arrears be shown in a corporation's balance sheet Note disclosure.
On a company's balance statement, how are cumulative preferred dividends in arrears displayed?However, the dividends paid on cumulative preferred stock in arrears are disclosed in the balance sheet's footnotes, which frequently include a justification for the arrearage and a timeline for payment.
In what way are arrear dividends presented in the financial statements?The footnotes to the financial statements contain information about the arrear dividends. Only the footnotes are mentioned because the corporation's board of directors has not yet declared, and in the event that it does, cumulative preferred shares will automatically receive the dividends from the prior years.
To Know more about Note disclosure.
https://brainly.com/question/17399941
#SPJ4
In a rural town of york springs, there was only one grocery store and just one gas station. How would you describe these businesses?.
Natural monopolies would you describe these businesses. Hence, option C is correct.
What is Natural monopolies?If one company can serve a market more affordably than any combination of two or more enterprises, that market has a natural monopoly.
As an illustration, the utilities sector is a natural monopoly. To cities and towns across the nation, utility monopolies offer water, sewage, electricity transmission, and energy distribution services including retail natural gas transmission.
Natural monopolies are frequently regulated to prevent price increases by the company, particularly when the company offers a necessary good or service, like power or water.
Thus, option C is correct.
For more information about Natural monopolies, click here:
https://brainly.com/question/2182872
#SPJ1
The options is missing-
A) Active competitors
B) Competitive companies
C) Natural monopolies
D) Price-controlling oligopolies
for a monopolist, the market demand curve: a is also the demand for the monopolist's product. b is not important since the monopolist is the only producer. c is more elastic than the demand curve facing a perfectly competitive firm. d must be horizontal. e is equal to the monopolist's mr curve.
Option c.) is more elastic than the demand curve facing a perfectly competitive firm as the demand curve or the AR curve of a perfectly competitive firm is parallel to the horizontal axis, perfect elastic is the correct answer.
This means that the company does not control the price. The company assumes a price and sells the quantity of the product at that price. In a perfectly competitive market, a single firm faces a demand curve with infinite elasticity. In a perfectly competitive market, firms do not fix prices, but choose levels of production at which marginal costs equal market prices.
Under conditions of perfect competition, a firm can sell any quantity of goods at the prevailing price, so the firm's demand curve is perfectly elastic. So even a small price increase will result in zero demand. This suggests that the company does not control prices.
To know furthermore about Demand Curve at
https://brainly.com/question/1139186
#SPJ4
explain what will happen to economic efficiency when two firms agree to set prices and produce a mutually agreeable level of output.
Economic efficiency will likely be reduced Will happen to economic efficiency when two firms agree to set prices and produce a mutually agreeable level of output.
Economic efficiency: When all goods and production inputs are distributed or allocated to their most valuable uses in an economy, waste is eliminated or minimized. In order to better understand economic efficiency, let's look at an example. Let's imagine that a clothing factory has a number of sewing machines. When sold, the clothing produced by the machines could bring in $100, $75, and $50. In this case, the choice that yields $100 is the most effective one.
The formula below can be used to convert efficiency into a ratio: Output equals Input. The total amount of productive work finished, excluding any waste and spoilage, is referred to as output or work output.
Learn more about clothing factory here:
https://brainly.com/question/23962240
#SPJ4
What cosmetic procedure is not listed as one of the most popular cosmetic procedures?.
Body lifts are considered the riskiest for patients because they are actually multiple procedures rolled into one.
This surgery lifts the abdomen, buttocks, thighs, and genitals at the same time to improve the overall shape of the body. According to the International Society of Aesthetic Plastic Surgery, an estimated 396,105 people underwent hip augmentation surgery in 2020. This number represents a 19.3% increase from 2016. The second place is liposuction, which is popular in cosmetic surgery. Liposuction removes fat from problem areas to reshape the body and give it a slimmer appearance. Rhinoplasty, clinically known as rhinoplasty, ranks third.
Learn more about international here-
https://brainly.com/question/21270541
#SPJ4
closed-end mutual funds can trade at either a discount or a premium to their net asset values (navs). question 1 options: true false
The answer is true. A corporation that pools money from several people and invests it in securities like stocks, bonds, and short-term debt is known as a mutual fund.
The portfolio of a mutual fund refers to all of its holdings. Mutual fund shares are purchased by investors. Mutual funds operate by combining the funds of numerous investors. Following that, stocks, bonds, and other bonds securities are bought with that money. Mutual funds give investors immediate diversification (and a lowered risk level) because they invest in a variety of businesses. In general, mutual funds are considered to be a secure investment and a good way for investors to diversify with little risk.
To learn more about mutual fund, click here.
https://brainly.com/question/13247161
#SPJ4
buck owns five acres of land in california. on the land buck has a house and a toolshed. there are ten large maple trees around the house. the real property includes
Buck owns five acres of land in California. on the land, the buck has a house and a toolshed. there are ten large maple trees around the house. the real property includes the land only.
Real estate is property along with land and the buildings on it, in conjunction with its herbal resources together with crops, minerals or water;
immovable belongings of this nature; an interest vested in this an item of real belongings, homes or housing in popular. actual estate is a shape of real belongings, which means that it is something you very own this is connected to a bit of land. it can be used for residential, industrial or industrial functions, and commonly consists of any resources on the land along with water or minerals. There are 3 essential sorts of real property homes: vacant land, residential homes, and commercial residences.Learn more about real estate here: https://brainly.com/question/1534216
#SPJ1
a less-established company, or a company with a high debt to equity ratio, would be considered a riskier investment to the lender. which principle attests to this axiom? multiple choice risk/return trade-off cost-benefit analysis compensating balance concept direct relationship principle
Lenders would view a less seasoned business or one with a high debt to equity ratio as a riskier investment. Risk/return trade-off is an axiom that is supported by principle.
Which capital structure theory results in a target debt ratio?According to the trade-off theory of capital structure, a business decides how much debt and equity financing to use by weighing the advantages and disadvantages.
What does a government- or a company-issued long-term debt obligation look like?A bond is a certificate that symbolizes the debt obligation of the bond issuer, which could be a business or the government, to the investor-bondholder.
Which of the following describes debt that is issued without specific collateral being put up as security?unsecure loans
To Know more about Risk/return
https://brainly.com/question/14388686
#SPJ4
if you have agreed to sell a foreign exchange forward, group of answer choices you have a short position in the forward contract. you have a long position in the forward contract. until the exchange rate moves, you haven't made money, so you're neither short nor long. you have a long position in the spot market.
The correct answer is (C). If you have agreed to sell a foreign exchange forward, until the exchange rate moves, you haven't made money, so you're neither short nor long.
When utilized by large firms and banks, currency forwards normally do not demand an upfront payment, in contrast to other hedging techniques like currency futures and options contracts—which each require an upfront payment for margin requirements and premium payments, respectively.
However, a currency forward has minimal wiggle room and is a legally binding commitment, thus the contract buyer or seller cannot back out if the "locked-in" rate ultimately turns out to be unfavorable. Financial institutions that deal in currency forwards may therefore request a deposit from ordinary investors or smaller businesses with whom they do not already have a commercial relationship to offset the risk of non-delivery or non-settlement.
If the option is mutually accepted and has been defined in advance in the contract, currency forward settlement can be done on either a cash basis or a delivery basis. Since they are not traded on a controlled exchange, currency futures are over-the-counter (OTC) instruments and are also referred to as "outright forwards."
To learn more about the forward transactions please click on the given link: https://brainly.com/question/28017589
#SPJ4
motivational interviewing was developed by as he demonstrated his motivational techniques to norwegian student interns.
Motivational interviewing was developed by William Miller as he demonstrated his motivational techniques to Norwegian student interns.
Life motivation is derived from the verb “motivate,” which means “pass.” it's far the burning choice that compels you to do so. it's so deeply intertwined with what you trust to be actual and proper in existence that it actions you from an easy desire to a second of selection.
Motivation is the force to gain your desires or wishes. Motivation is vital to interrupt antique behavior and to broaden healthy ones. Many people conflict with getting and staying prompted, particularly in the event that they have intellectual health conditions inclusive of depression or tension.
Learn more about Motivational here https://brainly.com/question/930984
#SPJ4
Wealth is redistributed from debtors to creditors when inflation was expected to be.
When inflation is lower than projected despite strong expectations, wealth is transferred from debtors to creditors.
What is inflation?In the field of economics, inflation is the broad term for a rise in the cost of goods and services across an economy. Each unit of currency may purchase fewer products and services as the general price level rises, hence inflation is associated with a decline in the purchasing power of money.According to Stanford economist John Taylor, inflation increases when the Federal Reserve sets an interest rate that is too low or when the growth of the money supply is too rapid, as it is at the moment.Strong expectations are overcome by inflation that is lower than expected, which transfers wealth from debtors to creditors.Therefore, when inflation is lower than projected despite strong expectations, wealth is transferred from debtors to creditors.
Know more about inflation here:
https://brainly.com/question/8149429
#SPJ4
the $1,000 face value abc bond has a coupon rate of 6%, with interest paid annually, and matures in 3 years. if the bond is priced to yield 4%, what is the bond's value today?
The $1,000 face value ABC bond has a coupon rate of 6%, with interest paid annually, and matures in 3 years. If the bond is priced to yield 4%, then the bond's value will be $1056.014.
Bond price is the discounted present value of the future cash flow that a bond will produce. It is the total of the present values of all anticipated coupon payments plus the par value at maturity. The known future cash flows must simply be discounted in order to get the bond price.
Bond prices decline in response to an increase in interest rates, which raises the yields on older bonds and places them in the same category as newly issued bonds with higher coupons, and vice versa.
Coupon Payment (C) = 1000 * 6% = $60
Total periods remaining (n) = 3
YTM = 4%
Bond Price = 60 * [( 1 - (1+0.04)^3) / 0.04] + 1000 / (1+0.04)^3
Bond Price = $1056.014
To know more about Bond price refer:
https://brainly.com/question/28489869
#SPJ4
________ are formally defined, standardized processes that involve day-to-day operations.
Daily operations are part of structured processes, which are clearly defined, standardized processes.
Inputs and outputs for structured processes are well specified, and the actions necessary to finish the process always take place in the same order. Additionally, the components of the process, including people, tools, data, and time, are clearly identified and arranged.
Flexible, unstructured, and adaptive procedures typically entail managerial decisions and actions that are more general in nature.
Participants can apply a consistent and comparable method when the process is structured. It makes it simpler to evaluate what is done well, what is done incorrectly, and how that consistent process could be changed to provide better results.
To learn more about structured processes
https://brainly.com/question/14668797
#SPJ4
which of the following is not a characteristic of a competitive market? a. there are many buyers and sellers in the market. b. the goods offered for sale are largely the same. c. firms can freely enter or exit the market. d. firms generate small but positive economic profits in the long run.
Firms generate small but positive economic profits in the long run is not a characteristic of a competitive market.
A market that is competitive has many producers vying with one another to offer the goods and services that consumers like us want and need. In other words, the market cannot be controlled by a single producer.
Perfect competition, as well as competitive markets, aim to factor in both the buyer and the seller equally and develop strategies based on the market's current supply and demand. We define competitive markets, describe their traits, and explain their functions and differences in this article.
Learn more about competitive market here:
https://brainly.com/question/7024827
#SPJ4
brad owns 5 acres of land. brad sells the land to a real estate developer who builds a subdivision with 10 houses. the land is an example of a good that is
The land is an illustration of a good that is both excludable and rival in consumption.
A good is referred to as a private good when it is both excludable and competitive in consumption. An illustration of a private good is wheat.
Private property may be excluded. They are also competitors or deductibles. A hamburger that someone else is eating cannot be consumed by you. For instance, the majority of commodities that are exchanged, such as furniture, 747 aircraft, and hamburgers.
Food may be effectively supplied by the private market because it is both competitors in consumption and excludable. Roads are frequently neither excludable nor competing in consumption, therefore they cannot be provided by private markets and may be done so most effectively by the government.
To learn more about consumption
https://brainly.com/question/14933604
#SPJ4
All of the following riders can increase the death benefit amount EXCEPT:_____.
a) Cost of living b) Waiver of Premium c) Accidental Death Rider
d) Guaranteed Insurability
All of the following riders can increase the death benefit amount except b) Waiver of Premium.
What can increase the death benefit?The death benefit given from insurance policies can be increased depending on a number of things . One of them is the cost of living. When the cost of living is high, it means that the death benefit given might not be able to adequately cover the beneficiaries . As a result , the death benefit can increase to compensate.
There is also the accidental death rider which is when the death of the insurance holder is so sudden, that adequate plans were not made to cover the beneficiaries . The guaranteed insurability rider is also another rider that can lead to a higher death benefit . A Waiver of Premium, however, cannot lead to death benefits being higher .
Find out more on the death benefit at https://brainly.com/question/29429816
#SPJ1
suppose that the banking system in an economy has ample reserves, and the economy has entered a recession. which of the following is a monetary policy action the central bank can take to restore full-employment output in the short run?
Selling government bonds is a monetary policy action the central bank can take to restore full-employment output in the short run. Hence, option A is correct.
What is the concept of the excerpt?Economic policy refers to the measures used by a nation's monetary authority to control the money supply or the interest rates that must be paid on extremely short-term loans, frequently in an effort to lower them.
Price balance is the main aim of monetary coverage. The price stability objective is met as long as the overall charge level within the domestic economy is as low and stable as is practical in order to support a long-term financial boom.
Thus, option A is correct.
For more information about concept of the excerpt, click here
#SPJ1
The options are missing-
A Selling government bonds
B Decreasing government spending
C Decreasing the discount rate
D Increasing the federal funds rate
E Increasing the required reserve ratio
In the pew research center poll, _____ of republican respondents favored background checks for gun shows and private sales.
According to a survey by the Pew Research Center, 85% of republican respondents supported background checks for private sales at gun fairs.
Who is in charge of social policy?
Social policy in the twenty-first century is intricate and is influenced by global political power as well as local and national political influence in every state.
Which are conservatives often more fond of?
They support minimal taxes, unrestricted markets, deregulation, privatization, and a reduction in government spending and debt. Social conservatives believe that secularism and moral relativism pose a challenge to traditional social values, which are frequently founded in familialism and religion.
Social control has been demonstrated to generally have good impacts on health behavior while adversely affecting fellow human.
To know more about secularism click here
brainly.com/question/17645379
#SPJ4
mohave corp. is considering outsourcing production of the umbrella tote bag included with some of its products. the company has received a bid from a supplier in vietnam to produce 8,000 units per year for $7.50 each. mohave has the following information about the cost of producing tote bags: direct materials $ 3 direct labor 2 variable manufacturing overhead 1 fixed manufacturing overhead 2 total cost per unit $ 8 mohave has determined that all variable costs could be eliminated by outsourcing the tote bags, while 60 percent of the fixed overhead cost is unavoidable. at this time, mohave has no specific use in mind for the space currently dedicated to producing the tote bags. required: 1. compute the difference in cost between making and buying the umbrella tote bag. 2. based strictly on the incremental analysis, should mohave buy the tote bags or continue to make them? 3-a. suppose that the space mohave currently uses to make the bags could be utilized by a new product line that would generate $10,000 in annual profits. recompute the difference in cost between making and buying the umbrella tote bag. 3-b. does this change your recommendation to mohave?
1. The computation of the difference in cost (Incremental Costs) between making and buying the umbrella tote bag is as follows:
Incremental Analysis:Make Buy Difference
Incremental costs:
Direct materials $3
Direct labor 2
Variable overhead 1
Fixed overhead $0.80
Total avoidable costs $6.80 $54,400 $60,000 $5,600
2. Based strictly on the incremental analysis, Mohave should not buy the tote bags but continue to make them because it incurs more incremental costs buying.
3a. The computation of the difference in cost (Incremental Costs) between making and buying the umbrella tote bag is as follows:
Incremental Analysis:Make Buy Difference
Incremental costs:
Direct materials $3
Direct labor 2
Variable overhead 1
Fixed overhead $0.80
Total avoidable costs $6.80 $54,400 $50,000 $4,400
3b) The recommendation at No. 2 above changes with the generation of $10,000 in profits from the alternative use of the facility.
Production units = 8,000
Outside supplier's cost per unit = $7.50
Total purchase cost = $60,000
Total purchase cost with alternative profit = $50,000 ($60,000 - $10,000)
Internal production costs:Direct materials $3
Direct labor 2
Variable manufacturing overhead 1
Fixed manufacturing overhead 2
Total cost per unit $ 8
Unavoidable fixed costs = 60%
Avoidable fixed costs = 40% = $0.80 ($2 x 40%)
Unavoidable fixed cost per unit = $1.20
Total unavoidable fixed cost = $9,600 (8,000 x $1.20)
Learn more about incremental cost analysis at https://brainly.com/question/15686376?source=archive
#SPJ1
cardi decides to spend two hours working her part-time job rather than going to see her friends. she earns $45 per hour for overtime work. her opportunity cost of working is group of answer choices the $90 she earns working. the $90 minus the enjoyment she would have received from seeing her friends. the enjoyment she would have received had she saw her friends. nothing, since she would have received less than $90 worth of enjoyment from seeing her friends.
Two hours of component time task gives wages 2* $forty five consistent with hour = $90. Now while Cardi works through the years she isn't always capable of see right here friends. Cardi's possibility price of operating is C- the leisure she could have obtained from seeing her friends.
The required details for opportunity cost in given paragraph
The possibility price of a specific interest is the price or gain given up via way of means of accomplishing that interest, relative to accomplishing an opportunity interest. More simply, it manner in case you selected one interest (for example, an investment) you're giving up the possibility to do a special option. The premiere interest is the only that, internet of its possibility price, gives the extra go back in comparison to another activities, internet in their possibility costs. For example, in case you purchase a automobile and use it solely to move your self, you can not lease it out, while in case you lease it out you can not use it to move your self. If your price of transporting your self with out the automobile is greater than what you get for renting out the automobile, the premiere desire is to apply the automobile your self.
In simple equation form, possibility price may be described as: "Opportunity Cost = (returns on exceptional Forgone Option) - (returns on Chosen Option)."
To know about opportunity cost click here
https://brainly.com/question/481029
#SPJ4
Companies must report ________ on the ________ to show that the asset is still in use.
Companies must report (B) fully depreciated assets on the balance sheet to show that the asset is still in use.
What is a balance sheet?A balance sheet is a summary of the financial positions of a person or an organization in financial accounting, regardless of whether they are a sole proprietorship, a business partnership, a corporation, a private limited company, or another type of organization like the government or a not-for-profit entity.A balance sheet provides you with a quick overview of your company's financial situation at any given time. A balance sheet, along with an income statement and a cash flow statement, can aid business leaders in assessing the financial health of their organization.In order to demonstrate that an asset is still being used, businesses must disclose completely depreciated assets on the balance sheet.Therefore, companies must report (B) fully depreciated assets on the balance sheet to show that the asset is still in use.
Know more about a balance sheet here:
https://brainly.com/question/1113933
#SPJ4
Complete question:
Companies must report ________ on the ________ to show that the asset is still in use.
A: fully depreciated assets; income statement
B: fully depreciated assets; balance sheet
C: gains and losses from asset disposals; income statement
D: periodic depreciation expense; balance sheet
kuzio corporation produces and sells a single product. data concerning that product appear below: per unit percent of sales selling price $ 150 100% variable expenses 90 60% contribution margin $60 40% the company is currently selling 7,100 units per month. fixed expenses are $185,000 per month. the marketing manager believes that a $5,900 increase in the monthly advertising budget would result in a 150 unit increase in monthly sales. what should be the overall effect on the company's monthly net operating income of this change?
The overall effect on the company's monthly net operating income of this change is $(100) (Negative).
Current Proposed
Unit sales 7100 (7100+110) =7210
Sales (7100*150) =1065000 (7210*150) =1081500
Variable expenses (7100*90) =639000 (7210*90) =648900
Contribution margin 426000 432600
Fixed expenses 199,000 (199,000+6700) =205700
Net operating income 227000 226900
Hence decrease in net operating income=227000-226900
=$(100) (Negative)
Gross margin is the quantity of earnings left after subtracting the value of products offered from revenue, even as contribution margin is the quantity of earnings left after subtracting variable charges and budgeting from revenue.
Learn more about net operating income here:
https://brainly.com/question/15834358
#SPJ4
when solving for pv of an annuity, the formula is based on given information which includes the interest rate, compounding periods, and what?
The formula is based on the information that is provided, such as the interest rate, compounding intervals, and Payment anticipated from the annuity, when calculating the PV of an annuity.
The purpose of an annuity, a long-term investment provided by an insurance company, is to lessen your chance of outliving your income. Your purchase payments (what you give) are transformed into recurring payments that may last a lifetime through annuitization.
Given a specific rate of return, or discount rate, the present value of an annuity is the current value of the future payments from an annuity. The present value of the annuity decreases as the discount rate increases.
To know more about annuity: https://brainly.com/question/25792915
#SPJ4
When nikki passes the first management quiz with flying colors, she credits her dedication and intellect. When she fails the first test, she blames it on a poorly worded test. This is an example of the ________ bias.
This is an example of a self-serving, bias.
What is a self-serving bias?
Any cognitive or perceptual process that is skewed by the desire to uphold and promote one's self-esteem or the propensity to perceive oneself in an excessively positive light is known as a self-serving bias. The tendency for people to seek out information and utilise it to further their own interests is known as the self-serving bias. In other words, people frequently act in ways that others may perceive as immoral or unjustifiable just to promote their own interests. The prevalent practise of taking credit for positive occurrences or outcomes while blaming external sources for poor ones is known as a self-serving bias. This mental bias enables you to safeguard your self-worth. You gain confidence by attributing favourable circumstances to personal traits.
To learn more about self serving bias click,
https://brainly.com/question/24052758
#SPJ4
