Groups such as human resources, information systems, purchasing agents, and maintenance are typically classified as: Administrative Support.
What is maintenance?The main scope of regular maintenance is to make sure that all equipment required for production is operating at full efficiency at all times. The 6 different types of Administrative Support are: Predicted maintenance, preventive maintenance, reactive maintenance, condition-based maintenance, predictive maintenance, reactive maintenance. Maintenance can generally be defined as efforts to keep a machine in the same condition and Administrative Support as when it was new.Maintenance work is basically divided into two parts: Planned and unplanned maintenance activities. Maintenance is scheduled, like an oil change, whereas service is when you need to fix or adjust something specific outside of the normal maintenance schedule. It's a really small difference, but important.To learn more about maintenance from the given link :
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Question:
Groups such as human resources, information systems, purchasing agents, and maintenance are
typically classified as:
A. Project managers
B. Administrative support
C. Functional managers
D. Project sponsors
E. Customers
During 2021, William purchases the following capital assets for use in his catering business:New passenger automobile (September 30) $64,000Baking equipment (June 30) 10,000Assume that William decides to use the election to expense on the baking equipment (and has adequate taxable income to cover the deduction) but not on the automobile (which has a 5-year recovery period), and he also uses the MACRS accelerated method to calculate depreciation but elects out of bonus depreciation.Calculate William's maximum depreciation deduction for 2021, assuming he uses the automobile 100 percent in his business.
$21,640 will be the William's maximum depreciation deduction for 2021, assuming he uses the automobile 100 percent in his business.
So, in order to help us answer this question or solve this problem, the following data, parameters, or information is provided to us:
New passenger automobile (September 30) = $64,000.
Baking equipment (June 30) = 10,000
William chooses to take advantage of the election to expense on the baking equipment (and has enough taxable income to cover the deduction) but not on the car (which has a 5-year recovery period), and he also uses the MACRS accelerated method to calculate depreciation but opts out of bonus depreciation.
Suppose his taxable income is sufficient.
Thus, if we are to abide by Internal Revenue Service regulations, the new passenger vehicle that is the depreciable limit = 11,160 - 8000
= 3,160
the highest allowed depreciation deduction = Baking equipment +
depreciable limit
= 18,480 + 3,160
= $21,640.
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which of the following theories is consistent with the notion that the short-run aggregate supply curve may be vertical after all?
Neo-classical economic theories are consistent with the notion that the short-run aggregate supply curve may be vertical after all.
Which of the following results in a rightward shift in the aggregate supply curve over the short term?
Because firms can produce more output at all price levels with increased productivity, the SRAS curve moves to the right as productivity increases.
Since capital is one of the production factors, a decrease in the price of capital will result in a decrease in the production costs for businesses. The short-run aggregate supply therefore rises and moves to the right as the production cost decreases.
Therefore, The broad theory of neoclassical economics emphasizes supply and demand as the primary factors influencing the creation, valuation, and consumption of goods and services.
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An airline has two types of passengers business passengers with fairly tight schedules and inelastic demand for airline flights and Vacation passengers with flexible schedules and more elastic demand for airline flights. The tables below show the demand information for both types of passengers and the market demand for a single airline flight
Profit is maximized at the point MR = MC
In case of uniform price is to be charged, equate MR (market) = MC As seen in the given table, this occurs at the point MR = MC = $300 at Q = 50
Thus, total seats sold = 50 at a price of $400
Profit is maximized at the point MR = MC
In case a different price is to be charged, equate MR = MC for each firm
Business Traveler:
As seen in the given table, this occurs at the point MR = MC = $300 at Q = 50 and P = $400
Vacation traveler:
As seen in the given table, this occurs at the point MR = MC = $300 at Q = 50 and P = $350
Maximization is a fashion of choice-making characterized by using searching for the best choice via an exhaustive seek thru alternatives. it's miles contrasted with satisficing, in which people compare alternatives until they locate one that is "excellent sufficient". The difference among "maximizing" and "satisficing" turned into first made through Herbert A. Simon in 1956.[1][2] Simon stated that even though fields like economics posited maximization or "optimizing" because the rational technique of creating selections, people often lack the cognitive resources or the environmental affordances to maximise.
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the flexible budget performance report directs management's attention to areas where corrective action to: (check all that apply.)
Revenue that differs substantially from the budgeted amount. costs that differ substantially from the budgeted amount.
Revenue is the result of selling goods or services in a company in a certain period. In fact, it is not only the result of sales, a company's income can also come from interest on company assets used by other parties, dividends and royalties. Everything is totaled and recorded in the company's books.
In addition, income can also be defined as costs charged to customers or consumers for the price of goods or services. Revenue is an important factor in the company because it is a benchmark for the progress or decline of a company. The greater the income, the company is considered to be more advanced, and vice versa.
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Trading internationally by using money appears easy and almost effortless, but the fact is there is a very complex banking system that makes it happen.
a) True
b) False
The statement that Trading internationally by using money appears easy and almost effortless, but the fact is there is a very complex banking system that makes it happen is True.
What is International trade?International trade can be described as the purchase as well as the sale of goods and services by companies in different countries whereby the Consumer goods, raw materials, food, as well as machinery all are bought and sold in the international marketplace.
It should be noted that it requires very complex banking system, because it is been done between different companies, however International trade do involves the exchange of capital, and services across international borders or territories as a result of the need or want of goods or services however in most countries, such trade represents a significant share of gross domestic product.
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The most important results from the latest decision round that company managers need to review/study in order to guide their strategic moves and decisions to improve their company's competitiveness and overall performance on the five investor-expected performance targets in the upcoming decision round are a. the Performance Highlights Report. b. each company's performance on EPS, ROE, stock price, credit rating, and image rating displayed on pp. 2 and 3 of the FIR. c. the Comparative Competitive Efforts data for each geographic region in the Competitive Intelligence Report. d. the Performance Benchmarks on pp. 6-7 of the FIR. e. the celebrity endorsement data and the 4 graphs showing branded price and S/Q rating trends in each of the four geographe regions on p. 8 of the FIR.
The most important results from the latest decision round that company managers need to review/study are the Comparative Competitive Efforts data for each geographic region in the Competitive Intelligence Report.
A business, often known as co., is a legal entity that stands in for a group of individuals with a particular goal who are either natural, legal, or a combination of the two. Members of the company work together for a shared cause to accomplish clearly stated objectives.
A business can be established as a legal entity with limited liability as long as its members uphold the terms of the publicly proclaimed incorporation or published policy. It could be necessary to liquidate a firm after it closed in order to discharge any outstanding debts. Corporate groups are the collective legal entities that develop when two or more corporations join forces and register themselves as new businesses.
Hence the correct option is C.
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Figure 11-3a Figure 11-3a above shows that when the price for Red Baron frozen cheese pizzas moves from $8 to $6 per unit along the demand curve D1, the quantity demanded increases from 6 to 8 million units per year. 161 increases from 2 to 3 million units per year. stays the same decreases from 3 to 6 million units per year. decreases from 3 to 2 million units per year.
Red Baron frozen cheese pizza sales increase from 2 to 3 million units annually as the price moves from $8 to $6 per unit along the demand curve D1.
In economics, the term "quantity demanded" refers to the total amount of a good or service that consumers demand over a specific period of time. Regardless of whether a market is in equilibrium, it is dependent on the cost of a good or service.
Demand for Red Barron frozen cheese pizzas rises from 2 million to 3 million units annually as the price is reduced from $8 to $6 per pizza, according to the demand curve D1.
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Because of the economic slowdown associated with the 2007-2009 recession, the Federal Open Market Committee of the Federal Reserve, between September 18, 2007 and December 16, 2008, lowered the federal funds rate in a series of steps from a high of 5.25% to a rate between zero and 0.25%. The idea was to provide a boost to the economy by increasing aggregate demand. Use the liquidity preference model to explain how the Federal Open Market Committee lowers the interest rate in the short run.
A) The Federal Open Market Committee purchases bonds causing the money supply line to shift right
B) The Federal Open Market Committee sells bonds causing the money supply line to shift right
C) The Federal Open Market Committee purchases bonds causing the money demand line to shift down
D) The Federal Open Market Committee purchases bonds causing the money supply line to shift left
The money supply line moves to the right as a result of the Federal Open Market Committee buying bonds. The correct option is (A).
What is Federal Open Market Committee?According to American law, the Federal Open Market Committee, a body inside the Federal Reserve System, is in responsibility of regulating the country's open market activities. Important decisions concerning interest rates and the expansion of the US money supply are made by this Federal Reserve committee.
Eight regular schedule meetings of the FOMC take place each year. The Committee examines the financial and economic situations, chooses the right monetary policy course, and evaluates the risks to its long-term objectives of price stability and sustained economic growth during these sessions.
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gomez runs a small pottery firm. he hires one helper at $11,000 per year, pays annual rent of $6,000 for his shop, and spends $22,000 per year on materials. he has $40,000 of his own funds invested in equipment (pottery wheels, kilns, and so forth) that could earn him $4,500 per year if alternatively invested. he has been offered $17,000 per year to work as a potter for a competitor. he estimates his entrepreneurial talents are worth $3,500 per year. total annual revenue from pottery sales is $70,000.
For a poetry farm, the capital gain is $70,000 while the economic profit is $6,000.
Why does accounting profit exist?The owner's profit, or company profit, is what is meant by accounting profit. This profit may be obtained by totaling all business income and deducting specified costs from the total. The explicit cost in this context refers to expenses spent in the course of operating the firm, such as rent paid, labor costs paid, materials acquired, etc.
Briefing:Accounting costs = Helper cost + Annual rent + materials = $(11,000 + 6,000 + 22,000) = $39,000
Accounting profit = Revenue - Accounting cost = $(70,000 - 39,000) = $31,000
Implicit costs = Interest from savings foregone + earning from alternative job + entrepreneurial talent
= $(4,500 + 17,000 + 3,500) = $25,000
Economic profit = Accounting profit - Implicit costs = $(31,000 - 25,000) = $6,000
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a gives its holder the right to sell an asset for a specified exercise price on or before a specified expiration date.
A Put option gives its holder the right to sell an asset for a specified exercise price on or before a specified expiration date.
Define expiration date?
A consumable product's expiration date, as determined by the maker, is the final day on which it will be at its peak quality. Consumers can learn a product's safe-to-consume date from its expiration date.
A put option offers you the right, but not the responsibility, to sell a stock at a particular price (known as the striking price) by a particular date and time, or at the option's expiration.
Therefore, the Put buyer pays a premium to seller in exchange for this right.
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Suppose that this year's money supply is $600 billion, nominal GDP is $15 trillion, and real GDP is $3 trillion. and the velocity of money is The price level is Suppose that velocity is constant and the economy's output of goods and services rises by 3 percent each year. Use this information to answer the questions that follow. If the Fed keeps the money supply constant, the price level will and nominal GDP will True or False: If the Fed wants to keep the price level stable instead, it should increase the money supply by 3% next year. True False %. (Hint: The quantity equation can If the Fed wants an inflation rate of 9 percent instead, it should the money supply by be rewritten as the following percentage change formula: (Percentage Change in M) + (Percentage Change in V)= (Percentage Change in P) + (Percentage Change in Y).)
If money supply is $600 billion, nominal GDP is $15 trillion, and real GDP is $3 trillion, the price level will be $5 and the velocity of money will be 25.
Give a brief account on Gross Domestic Product (GDP).A monetary indicator of the market worth of all the final goods and services produced and sold (not resold) in a certain time period by nations is the gross domestic product (GDP). This measurement is frequently revised before being regarded as a reliable indicator due to its subjective and complicated nature. While nominal GDP is more useful for comparing national economies on the global market, GDP (nominal) per capita does not account for variations in the cost of living and inflation rates 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. The contribution made by each industry or sector of the economy can also be calculated as a percentage of total GDP.
To solve the question :
Given,
Money supply = $600 billion,
Nominal GDP = $15 trillion,
Real GDP = $3 trillion.
a. To calculate price level :
= Nominal GDP / Real GDP
= $15 trillion / $3 trillion
= $5
b. To calculate velocity of money :
= (5 × 3 trillion) / 0.6 trillion
= 15 trillion / 0.6 trillion.
= 25
c. It should be highlighted that the price level will decrease by 3% and the nominal GDP will stay the same while the Fed maintains a steady money supply. Therefore, the Fed needs expand the money supply by 3% next year if it wants to maintain the current level of prices. So, the statement " If the Fed wants to keep the price level stable instead, it should increase the money supply by 3% next year. " is true.
d. To solve :
Change in money supply :
= 11% + 3% = 14%
So, the Fed should expand the money supply by 14% if it prefers an inflation rate of 11%.
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A key function of a bank is
A) to be an intermediary between savers and borrowers.
B) own assets in the real estate market.
C) create demand deposits for customers.
The correct option is A, the key function of the bank is to be an intermediary between savers and borrowers.
It should be noted that banks that are financial intermediaries that generate earnings when they allow the transfer of money from savers to borrowers by paying savers a smaller return than they demand from borrowers. This earning is their charges for the service rendered.
Financial intermediaries are the institutions they have been put in place like a building society, bank, or unit-trust company, which are charged with the responsibility of holding funds from the lenders so that loans will be made available to people that wants to borrow.
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ms. hernandez recently received an inheritance of $40,000. she decides to deposit it into a cd (certificate of deposit) that will guarantee an interest rate of 4% compounded monthly for five years. fill in the blanks to answer the following questions:
When Marcus redeems the deposit certificates (CD) after ten years, he will get a total of $17,542.2.
How did Christ redeems us?Jesus Christ freed all people from physical death by His Atonement. Additionally, He cleanses the penitent of sin. We faith in the Lord Jesus, in his divine, redeeming work on earth, and in the great, glorious redemption he accomplished for the sake of mankind.
Briefing
Step-by-step explanation:
Principal(p)=$13,000
Rate(r)=3.0%
Period(n)=12 months
Time(t)=10 years
A=p(1+r/n)^nt
=13,000(1+0.03/12)^12*10
=13,000(1+0.0025)^120
=13,000(1.0025)^120
=13,000(1.3494)
=17,542.2
A=$17,542.2
Marcus will receive a total of $17,542.2 when he redeems the certificate of deposit (CD) at the end of 10 years.
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when opening a bar business, it is wise to have cash reserves equal to of your estimated operating expenses. (ch.15) when opening a bar business, it is wise to have cash reserves equal to of your estimated operating expenses. (ch.15) 2 months' worth 3 months' worth 6 months' worth 12 months' worth
When opening a bar business, it is wise to have cash reserves equal to 6 months' worth of your estimated operating expenses.
Cash reserves are funds set aside by businesses for use in emergency situations. The money saved is used to cover unplanned or unexpected costs or expenses. Most reserves are set aside specifically for short-term needs. One advantage of keeping such a reserve is that the company can avoid incurring credit card debt or incurring additional loan debt.
Companies typically use their company bank account to save money as a cash reserve. The funds may also be transferred to a separate account known as the cash reserve account.
Choosing a reserve amount is an important financial decision for a business. Failure to set aside enough cash exposes a company to financial risk; however, holding too much in reserve means the company is not fully utilizing the opportunity to invest more funds in growing its business.
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all of the following are formal approaches to value except: a. cost approach b. data approach c. income approach d. development approach
Use the sales reduction b. data approach to debit the income for the entire amount in order to record a discounted payment by the client to the seller.
The purpose of money payment?Payment is really the exchange of cash, commodities, or labor for a pre-agreed quantity of respectable goods from all parties. Along with cash, cheques, wire transfers, bank cards, card payments, and cryptocurrency, the exchange of commodities may be used as payment.
What are the 5 terms of payment?There are five basic ways to just get paid in foreign trade, ranked from much secure to least secure: cash in advance, letter of credit, official collect and draft, open institution, and consignment. Naturally, the most secure.
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the demand for current consumption, as plotted against the interest rate, shifts to the right due to all of the following except group of answer choices a decrease in current taxes. an increase in current income. a increase in future taxes. an increase in future income.
The demand for current consumption, as plotted against the interest rate, shifts to the right due to all of the following except an increase in future taxes.
Future Income Taxes are income taxes that are delayed due to differences between net income declared on financial statements and tax returns, for example. Two values are produced when net income is calculated using various techniques or across various time frames.
An increase in income taxes lowers disposable income for individuals, which in turn lowers consumption (but by less than the change in disposable personal income). This causes a left shift in the aggregate demand curve equal to the initial change in consumption caused by the change in income taxes multiplied by the multiplier.
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many of the jobs available today exist in the hidden job market, where jobs are not announced or advertised openly. to make your job search successful, you must gain access to the hidden job market through effective networking. the three steps to networking are developing a contact list, making contacts in person and online, and following up on your referrals. which of the following might you put on your networking contact list? check all that apply. your doctor acquaintances friends from high school professors linkedin connections
Alumni of your university coworkers at work one's dentist relations with your family previous classmates.
What is the hidden job market?The term "hidden job market" describes positions that firms do not post openly or publicize. Not advertising these positions can help these firms save on the expenses and time connected with posting and analyzing job applications or interviewing.
Employers may use employee referral programs or internal hiring to locate applicants for these positions. Because employees are already aware of the company's requirements, this strategy can assist assure high-quality applicants in addition to cost savings. With this understanding, they may be able to take on the position themselves or suggest deserving and capable people.
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Which of these is
NOT
an example of currency?
A $100 bill
b 1 Euro coin
c. 5 $1 bills
d. Commemorative Coin
Commemorative Coin is NOT an example of currency.
Thus, the correct option is D.
What is Commemorative Coin?Commemorative coins are coins with a unique design that refers to the occasion on which they were created and are issued to mark a specific event or issue.
Although several nations also produce commemorative coins for everyday use, many coins in this category are primarily intended for collectors.
Since commemorative coins are only ever produced once, their numismatic value might rise over time.
Their cost varies according to demand from collectors and originality. Their value will rise along with silver prices.
Many people who would otherwise have little to no interest in coin collecting get interested in commemorative coins since they typically have some socially accepted and historical importance behind them.
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___enable individual employees to choose the benefits that are best suited to their particular needs.
Cafeteria plans enable individual employees to choose the benefits that are best suited to their particular needs.
Individual employees is defined as employment in the general workforce where the employee interacts with the public to the same extent as people without disabilities doing the same job, is paid at or above the minimum wage, but not less than the standard wage and level of benefits provided by the employer for the same or similar work done by people without disabilities. A self-employed person doesn't have a single job that provides a steady paycheck. Self-employed people, often known as independent contractors, make money by directly contracting with a trade or business. Most of the time, the payer does not deduct taxes, thus the self-employed person is now responsible for doing so.
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roger sold his lawnmower to his neighbor carrie. when carrie took the lawnmower home it exploded and carrie was injured. carrie can sue roger for breach of the implied warranty of merchantability.
Carrie can sue roger for breach of the implied warranty of merchantability: When she took it home and plugged it in, the refrigerator burst into flames. The seller in this case is in breach of the implied warranty of merchantability.
In each sale among a merchant and a patron, there exists an implied assurance of merchantability. which means that the goods sold can be in shape for his or her normal use. as an instance, if you buy a golf club from a golf keep, there is an implied assurance in the sale that the golfing membership will carry out as it turned into designed to.
Merchantability. The implied assurance of merchantability way the goods are merchantable and agree to an affordable customer's expectations. most purchaser products have an implied guarantee of merchantability. This assurance makes the assumption that a great or product works for its meant reason.
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This project will require an investment of $20,000 in new equipment. Under the new tax law, the equipment is eligible for 100% bonus deprecation at t = 0, so it will be fully depreciated at the time of purchase. The equipment will have no salvage value at the end of the project’s four-year life. Garida pays a constant tax rate of 25%, and it has a weighted average cost of capital (WACC) of 11%. Determine what the project’s net present value (NPV) would be under the new tax law.
NVP stands for "net-present value," which is a financial calculation used to determine the current value of a future stream of cash flow.
What does Current value mean?
The current market value of an item, investment, or asset is its current market value. It is the amount of money that could be received if the item or asset were sold right now. The current value can fluctuate over time due to market conditions, supply and demand, and other factors.
What does Investment mean?
The process of putting money into assets or activities with the expectation of receiving a financial return is known as investing. It usually entails purchasing assets such as stocks, bonds, mutual funds, real estate, or other assets in order to generate income or capital gains.
The project’se (NPV) would be under the new tax law would be:
NPV = -$20,000 + $20,000(1-0.25)(1.11)^-1 + $20,000(1-0.25)(1.11)^-2 + $20,000(1-0.25)(1.11)^-3 + $20,000(1-0.25)(1.11)^-4
= $53,579
Thus according to the correct question option B. $53,579 is the correct answer.
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What is the U.S. trade policy?; When did America start free trade?; Why has the government generally supported free trade policies since the end of World War II?; When did the U.S. start international trade?
Since the stop of world conflict II, U.S. trade policies has focused on fostering an open, guidelines-based totally international trading gadget, liberalizing markets by using reducing trade and funding limitations via negotiations and agreements, and enforcing exchange commitments and associated laws.
The USA commenced bilateral change negotiations with Canada greater than 30 years in the past, ensuing within the U.S.-Canada free exchange agreement, which entered into pressure on January 1, 1989.
For the reason that world conflict II, U.S. alternate coverage has normally sought to develop U.S. monetary boom and competitiveness by way of: (1) decreasing global exchange and funding barriers; (2) fostering an open, transparent, and nondiscriminatory rules- based trading machine, along with through the arena alternate enterprise (WTO)
The primary international unfastened trade settlement, the Cobden-Chevalier Treaty, changed into finalized in 1860 between the UK and France, prepared by way of Richard Cobden and Michel Chevalier; it sparked off successive agreements among other countries in Europe.
Exchange coverage is the set of agreements, regulations, and practices via a government that have an effect on exchange with foreign nations. each nation determines its personal standards for buying and selling, which includes its tariffs, subsidies, and guidelines.
Trade coverage can be described as dreams, regulations, requirements, and policies that are involved in the change between countries. these guidelines are unique to a specific u . s . and are fashioned via its public officers.
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aber technologies makes investments toward the development and improvement of sophisticated computer systems and software programs that it sells to another company called chromic business solutions incorporated to create a successful relationship. these programs and systems are specific to the relationship with chromic business solutions incorporated. which of the following types of assets is most likely illustrated in this scenario? a.in-kind investments
b.customer portals
c. customer shares
d.mutual investments
e.win-win trusts
Drive strategic business decisions with Factiva's global news database of over 33,000 sources, company data and advanced research platform
Each of these documents was reviewed by panel members and external reviewers. Most of these reviewers were also commentators at the Data Collection for Low-Income Populations and Well-being workshop held on December 16-17- 1999. We are indebted to all reviewers for their constructive comments to the authors. Sandra Berry, Rand; Harold Bloom, Labor Demonstration Research Corporation mike Brick, , university of Michigan Betsy Martin, US Census Bureau Daniel McCaffrey, RAND Charles Metcalf, Mathematica policy research Jeffrey Moore, US Census Bureau John Karl Scholz, University of Wisconsin Madison Matthew Stagner, Urban Institute William Winkler, USA.
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The government of Eastlandia uses measures of monetary aggregates similar to those used by the United States, and the central bank of Eastlandia imposes a required reserve ratio of 10%. Given the following information, answer the questions below. Bank deposits at the central bank = $200 million Currency held by public = $150 million Currency in bank vaults = $100 million Checkable bank deposit = $500 million Traveler´s checks = $10 million a) What is M1? b) What is the monetary base? c) Are the commercial banks holding excess reserves?
The checkable bank deposits can increase by $2,500 million.
(a) Calculate M1 -
M1 = Currency held by public + Checkable bank deposits + Traveller’s checks
= $150 million + $500 million + $10 million
= $660 million
(b) Calculate the Monetary base:-
Monetary base = Bank deposits at the central bank + Currency in bank vaults + Currency held by public
= $200 million + $100 million + $150 million
= $450 million
(c) Required reserves = CD * RR
= $500 million * 0.10
= $50 million
Excess reserves = Total reserves - Required reserves
Excess reserves = Bank deposits at the central bank + Currency in bank vaults - Required reserves
Excess reserves = $200 million + $100 million - $50 million
= $250 million
(d) Yes, the commercial banks can increase checkable bank deposits.
Calculate the increase in checkable bank deposits -
Increase = Excess reserves * (1/reserve ratio)
Increase = $250 million * (1/0.10)
Increase = $2,500 million
Thus,
The checkable bank deposits can increase by $2,500 million.
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compute variances for the following items and indicate whether each variance is favorable (f) or unfavorable (u):
Variance is Favorable (F) or Unfavorable (U): When the budgeted elements are more than the actual element then the variance is known as the favorable variance.
What is favorable variance, explain.
The corporate sector places a great deal of importance on budgeting. Management can use a variety of budgeting techniques to choose when to invest in new equipment, expand operations, or fix outdated machinery. Of course, any organization that runs efficiently adheres to some form of budget.
Management typically forecasts business budgets using future projections. In other words, a company's management meets to talk about financial strategies based on the company's present financial performance. They had attempted to forecast the company's future revenues and costs in the event that a particular strategy is adopted. Sounds recognisable? Just a straightforward budgeting procedure.
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One appealing way for a company to adjust to favorable and unfavorable exchange rate adjustments to its total production costs stemming from shipping footwear from production facilities in one geographic region to distribution warehouses in another region is to a. always avoid shipping any pairs to a distribution warehouse from production facilities in a different geographic region when the exchange rate cost adjustments are unfavorable shipments from each production facility to other regions should always go only to those regions where the exchange rate adjustments to total production costs are favorable b. ignore such adjustments altogether--the sizes of the favorable and unfavorable exchange rate adjustments in each geographic region will tend to cancel each out over the various decision rounds and thus have little or no net long-term effect on the company. c. always lower the prices of footwear sold in a geographic region by the full amount of any adverse exchange rate adjustment per pair that the company incurs in that region and raise the price of footwear by the full amount of any favorable exchange rate adjustment per pair that the company receives. d. adjust prior year shipping patterns and its pricing and marketing strategies to sell more pairs in regions where exchange rate adjustments are favorable and fewer pairs in regions where the cost adjustments are unfavorable--such actions tend to boost profits in regions with favorable adjustments and lessen the adverse impact on profits in regions with unfavorable adjustments. e. ship pairs of footwear from production facilities in those geographic regions where there are adverse exchange rate cost adjustments to distribution centers in those regions where there are favorable exchange rate cost adjustments.
The correct option is D i.e. adjust prior year shipping patterns and its pricing and marketing strategies to sell more pairs in regions where exchange rate adjustments are favorable and fewer pairs in regions where the cost adjustments are unfavorable--such actions tend to boost profits in regions with favorable adjustments and lessen the adverse impact on profits in regions with unfavorable adjustments.
A charge per unit may be a relative value of 1 currency expressed in terms of another currency (or cluster of currencies). For economies like Australia that actively interact in international trade, the charge per unit is a very important economic variable.
A charge per unit is the rate at that one currency is changed for one more between nations or economic zones. it's accustomed confirm the worth of assorted currencies in relevance to one another and is vital in deciding trade and capital flow dynamics.
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Which of the following Multi-Channel Funnels reports would you use to see the most common sequences of marketing touch points that lead to conversions on your site or app?a) Assisted Conversionsb) Top Conversion Pathsc) Time Lagd) Path Length
The most typical sequences of marketing touch points that result in conversions on your website or app are shown in the Assisted Conversions reports from Multi-Channel Funnels.
Marketing is the term used to describe the activities a business engages in to encourage the purchase or sale of a good or service. Delivering goods to customers or other businesses includes marketing activities like advertising and sales. Affiliates will occasionally carry out marketing for a business.
Employees in a company's marketing and promotion divisions aim to attract the attention of key target populations through advertising. Promotions are aimed at specific demographics and may include celebrity endorsements, memorable slogans or taglines, eye-catching packaging or graphic designs, and general media exposure.
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hudson company reports the following contribution margin income statement. hudson company contribution margin income statement for year ended december 31 sales (11,500 units at $225 each) $ 2,587,500 variable costs (11,500 units at $180 each) 2,070,000 contribution margin 517,500 fixed costs 360,000 income $ 157,500
1. Compute break-even point in units.
2. Compute break-even point in sales dollars.
To calculate the Break-even point in sales dollars and units, we have to find the contribution margin.
Given,
Fixed cost (FC)= $360,000
selling price (S) = $225
variable cost (VC)= $180
So, contribution (C) is given as
C = S - VC
C = 225 - 180 = $ 45
contribution ratio = C ÷ S
contribution ratio = 45 ÷ 225 = 0.2 or 20%
Therefore, the Break-even point (BEP) is given as
1) BEP in units = FC ÷ C
BEP = 360,000 ÷ 45
BEP = 8000 units.
2) BEP in sales = FC ÷ CR (contriburtion ratio)
BEP= 360,000÷20%
BEP in sales dollars = $1,800,000
So, we can conclude that the Break-even point in sales dollars and units, can be found only after calculating the contribution margin.
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Consider the following two mutually exclusive projects:
Year Cash Flow (A) Cash Flow (B)
0 –$ 431,000 –$ 43,000
1 41,000 21,000
2 65,000 12,700
3 82,000 21,600
4 546,000 18,400
The required return on these investments is 12 percent.
a. What is the payback period for each project? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
Payback period
Project A years Project B years
The payback period for project A and project B is 3.45 years and 2.43 years respectively.
What is the Payback Period?The duration needed to recoup an investment's cost is referred to as the payback period. Simply described, it is the period of time it takes for an investment to break even.
The payback period is significant because individuals and businesses invest money primarily in order to be reimbursed. In principle, an investment gets more alluring the quicker its payback is. Anyone can benefit from calculating the payback period by dividing the initial investment by the typical cash flows.
For Project A
Cumulative cash flow in year 1= $41,000
Cumulative cash flow in year 2= $106,000
Cumulative cash flow in year 3= $188,000
Payback period= full years until recovery + unrecovered cost at the start of the year/ cash flow during the year
Payback period = 3 years + ($431,000 - $188,000)/ $546,000
Payback period = 3 years + $243,000/ $546,000
Payback period = 3 years + 0.45
Payback period = 3.45 years.
Project B
Cumulative cash flow in year 1= $21,000
Cumulative cash flow in year 2= $33,700
Payback period = full years until recovery + unrecovered cost at the start of the year/ cash flow during the year
Payback period = 2 years + ($43,000 - $33,700)/ $21,600
Payback period = 2 years + $9,300/ $21,600
Payback period = 2 years + 0.43
Payback period = 2.43 years.
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Income Statement with Variances Alvarado Company produces a product that requires 3.0 standard pounds per unit at a standard price of $6.00 per pound. The company used 23,900 pounds to produce 8,000 units, which were purchased at $6.20 per pound. Each unit requires 7.5 standard direct labor hours per unit at a standard hourly rate of $22.50 per hour. For the 8,000 units produced, 60,200 hours were needed and employees were paid an hourly rate of $21.95 per hour. The company uses a standard variable overhead cost per unit of $1.45 per direct labor hour. Actual variable factory overhead was $85,900. The company uses a standard fixed overhead cost per unit of $2.00 per direct labor hour at 55,000 hours, which is 100% of normal capacity. Prepare an income statement through gross profit for Alvarado Company for the month ended March 31. Assume Alvarado sold 8,000 units at $250 per unit. For those boxes in which you must enter subtractive or negative numbers use a minus sign. If an amount box does not require an entry, leave it blank. Alvarado Company Income Statement Through Gross Profit For the Month Ended March 31
The preparation of an income statement through gross profit for Alvarado Company for the month ended March 31 is as follows:
Alvarado Company
Income Statement Through Gross ProfitFor the Month Ended March 31
Sales $2,000,000
Cost of goods sold at standard 1,701,000
Gross profit-at standard $299,000
Variances from standard cost:
Direct materials price $4,780 Favorable
Direct materials quantity -600 Unfavorable
Direct labor rate 33,110 Favorable
Direct labor time -4,500 Unfavorable
Factory overhead controllable -1,100 Unfavorable
Factory overhead volume -10,000 Unfavorable
Net variances from standard costs = $21,690 Favorable
Actual gross profit = $320,690
What is cost variance?Cost variance is the difference computed after subtracting the budgeted cost from the actual cost. It is made up of the price variance and quantity variance.
The cost variance is favorable when the budgeted or standard cost is more than the actual cost, and vice versa.
Standard Actual
Pounds per unit 3.0 2.9875 (23,900/8,000)
Direct Materials 24,000 23,900 pounds
Material price per pound $6.00 $6.20
Direct materials cost $144,000 $148,180
Direct labor hours per unit 7.5 7.525 (60,200 ÷ 8,000)
Hourly rate $22.50 $21.95
Variable overhead cost $1.45 $1.4269 ($85,900 ÷ 60,200)
Total variable overhead $87,290 $85,900
Fixed overhead cost $2.00
Fixed overhead direct hours 55,000 60,200
Total fixed overhead costs $110,000 $
Sales revenue = $2,000,000 ($250 x 8,000)
Variances from standard cost:Direct materials price $4,780 ($6.00 - $6.20 x 23,900)
Direct materials quantity -600 (24,000 - 23,900 x $6)
Direct labor rate 33,110 ($22.50 - $21.95 x 60,200)
Direct labor time -4,500 [(60,000 - 60,200) x $22.50]
Factory overhead controllable -1,100 ($1.45 x 60,000 - $85,900)
Factory overhead volume -10,000 [(55,000 - 60,000) x $2]
Net variances from standard costs = $21,690
Gross profit = $320,690 ($299,000 + $21,690)
Cost of goods sold:Direct materials $144,000 ($6.00 x 24,000)
Direct labor 1,350,000 ($22.50 x 60,000)
Variable overhead 87,000 (60,000 x $1,45)
Fixed overhead 120,000 (60,000 x $2)
Cost of goods sold $1,701,000
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