The proprietor of a nearby restaurant wants to increase employment there. In order to accomplish this, he most likely would permit servers to alternate daily between tasks like serving and greeting.
By altering the division of labor, job enlargement involves adding more distinct duties to a specific job. The premise behind job expansion is that diversifying a worker's duties will decrease boredom and weariness and maybe enhance incentive to perform well, enhancing both the number and quality of goods and services offered.
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The ______ is a private, nonprofit organization for domestic disputes that disputing parties can use if their contract does not specify how to select an arbitrator.
The disputing parties may turn to the private, nonprofit American Arbitration Association for domestic disputes if the parties' contract does not specify how to appoint an arbitrator.
What is American Arbitration Association?If the parties' contract does not indicate how to choose an arbitrator, the disputing parties may turn to the private, nonprofit American Arbitration Association for domestic disputes.
The AAA also oversees the administration of mediation and other kinds of ADR through www.AAAMediation.org.
Regional offices are located in Atlanta, Boston, Charlotte, Chicago, Dallas, Denver, Detroit, East Providence, Rhode Island, Fresno, Houston, Los Angeles, Miami, Minneapolis, New York City, Philadelphia, Phoenix, San Antonio, San Diego, San Francisco, Seattle, Somerset, New Jersey, and Washington, DC.
The company's headquarters are in New York City.
Therefore, the disputing parties may turn to the private, nonprofit American Arbitration Association for domestic disputes if th
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True or False, the project business case provides a high-level description of what the project will accomplish and how it will be done.
The project business case gives a high-level explanation of what the project will achieve and how it will be carried out. so statement is false
A project business case is what?Project Governance includes a project business case. It explains why you ought to begin your project. It provides. "study of the advantages and disadvantages of changing the way things are done." The business need for undertaking a project is determined through a business case. It successfully explains how the project is connected to the organization's high-level strategic goals. It also describes the rationale for the identification and choice of the project.
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Which of the following security types provides investors with a stated maturity date, a floating interest rate, and an option to put the security back to a financial intermediary on a daily or weekly basis?A. equity put optionB. perpetual preferred stockC. variable rate demand noteD. tax-deferred variable annuity
Variable Rate Demand Note provides investors with a stated maturity date, a floating interest rate, and an option to put the security back to a financial intermediary on a daily or weekly basis.
What is Variable Rate Demand Note?
A Variable Rate Demand Note (VRDN) is a type of debt security issued by banks, corporations and other institutions. VRDNs are usually issued at a discount to face value and can be redeemed at any time at the issuer’s discretion. The interest rate on the note is variable and can fluctuate throughout the life of the note. Investors are attracted to VRDNs because of their flexibility and the potential for higher returns. They are typically used in the capital markets for corporate financing or by institutional investors to hedge against rising interest rates. VRDNs are also advantageous because of their liquidity, as they can be easily redeemed if the investor needs the funds.
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as you write your business plan, you include a section about financing the start-up costs. you have limited personal savings and do not want to ask family or friends for loans. therefore, you expect to rely solely on bank loans for your expenses. which of the following statements are true? check all that apply. banks may require that you personally guarantee a loan. expecting to obtain loans, without any alternative plans, may prevent you from opening the business. new businesses often have difficulty obtaining bank loans. a bank officer who approves a loan to your business will not assume a management role in the company. your plan to borrow start-up funds is the best and most realistic business strategy.
Expecting to obtain loans, without any alternative plans, may prevent you from opening the business. New businesses often have difficulty obtaining bank loans and community banks are the leading source of funding for entrepreneurial ventures.
Business is the process of earning a livelihood or earning money by manufacturing, purchasing, and selling goods. Having a business name does not remove the business entity from the owner, which means that the owner is accountable and liable for the firm's debts.
If the company incurs debts, creditors may seize the owner's personal belongings. In addition, the phrase is sometimes used informally to refer to a business, such as a corporation or cooperative.
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Based on the balance sheets above of three different banks, which of the following is true, if the reserve requirement is 10%?Bank B can increase its loans by $40
The correct answer is that a bank's balance sheet shows that total assets equal total liabilities plus equity capital. Bank B has no excess reserves.
The Cash Reserve rate( CRR) refers to the share of Net Demand and Time arrears banks have to hold as balances with the RBI. The idea of CRR is to keep affectation under control. During high affectation in frugality, the central bank raises the CRR to lower the bank's loanable finances. The introductory equation followed while preparing the balance distance means = arrears Capital.
Balance Sheet is a company's financial statement which includes means, arrears, equity capital, total debt, etc. At a point in time. Balance distance includes means on one side and arrears on the other. A balance distance gives you a shot at your company's fiscal position at a given time. Along with income and cash inflow statements, a balance distance can help business possessors estimate their company's fiscal standing.
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land was acquired in 2021 for a future building site at a cost of $40,100. the assessed valuation for tax purposes is $28,400, a qualified appraiser placed its value at $50,000, and a recent firm offer for the land was for a cash payment of $44,000. the land should be reported in the financial statements at:
The land should be reported in the financial statements at $40,100.
At the time of recording of the fixed assets, the fixed assets should be recorded at purchase cost or historical price.Since in the question, the land was purchased at $40,100 and moreover, it is assessed for the tax purpose for $28,400 and by other appraisers it was valued at $50,000 plus there is an offer of cash payment for $44,000.But at the time of recording, the financial statements would show at the purchase price i.e $40,100.
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Which of the following is an example of an internal threat?
+A server backdoor allows an attacker on the Internet to gain access to the intranet site
+A water pipe in the server room breaks
+A delivery man is able to walk into a controlled area and steals a laptop
+A user accidentally deletes the new product designs
First option is correct. An example of an insider threat is a server backdoor that allows attackers on the Internet to access intranet sites.
Common methods are ransomware, phishing attacks, and hacks. An internal threat is a thread that is formed inside the workpiece. To female thread gauge or nut. External threats are those that are formed on the outside of the workpiece is formed on the bolt or pin.
An internal threat is required to drive the screw into the workpiece. This article will show you how to cut internal threads in steel, cast iron, aluminum and more in just 3 steps. The internal threat can be tapped by hand (hand tap) or by machine (machine tap). An internal thread is when the end of the barbell has a hole and a screw attached to the bead is screwed into the barbell.
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which of the following knowledge and skills should an accounting professional possess? multiple select question. leadership skills presentation skills technical accounting knowledge ability to work in teams fluency in several languages
Many occupations require a solid understanding of the pertinent rules and regulations.
What is the most important skill in accounting?The ability to turn data, charts, and tables into a narrative that the average person can understand is one of the most crucial abilities the finest accountants have, according to him. "Excellent accountants simplify the large quantity of data at their disposal using their strong communication skills.Typically, accountants coordinate and work with experts from many areas inside a company. It is crucial that they comprehend how their finance operations effect various departments and possess a general understanding of company.Accounting skills are those needed to accurately present financial and non-financial business transactions in the books of accounts in accordance with the applicable accounting standards (US GAAP, IFRS, Ind AS), as well as to comply with legal requirements and analyse business results to the best of one's ability.To learn more about occupations refer to:
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vYou are currently reviewing project activities and documenting their relationships. The documentation is done using a combination of rectangles and arrows. Which of the following is a characteristic of the PDM?
Coming up next is the quality of the PDM as It permits you to show four sorts of conditions.
The 4 Kinds of Connections in the precedence Diagramming Method
Finish-to-Begin,Begin to Begin,Finish-to-Wrap up,Beginning to end.Precedence Diagramming Method (PDM) is a graphical device utilized for planning exercises in an undertaking plan network chart in the request in which they should be performed. PDM gives a visual portrayal of basic ways and conditions.
PDM capabilities as a concentrated data set for item information, including plans, (for example, computer-aided design records), designing information, fabricating guidelines, bills of materials, data on the cycles used to make and change item information, and different kinds of reports.
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Circular 230, Section 10.29, prohibits practitioners from representing clients before the IRS if the representation involves a conflict of interest, UNLESS:The practitioner reasonably believes he or she can provide competent and diligent representation to each affected client.All affected clients waive the conflict by giving written, informed consent.The representation is not prohibited by law.All of the above.
As per the given circular, the correct option is all of the above.
Practitioners are not permitted to represent clients before the IRS if there is a conflict of interest, according to Circular 230, Section 10.29, unless:
The practitioner has a reasonable belief that he or she can represent each impacted client effectively and diligently.By providing formal, informed consent, all impacted clients renounce the conflict.There is no legal restriction on representation.A practitioner must satisfy these requirements to represent a client before the IRS where there is a conflict of interest. In order to safeguard the interests of the clients and make sure they are represented skillfully and diligently, this is necessary. To make sure that customers are aware of the conflict and base their decisions on that information, written informed consent is a must. The final consideration is to confirm that no other law, rule, or regulation forbids representation.
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Do experts think the stock market will go up in 2023? What could I be investing in right now?
A stock market, also known as an equity market or share market, is a collection of people who buy and sell stocks, also known as shares, which represent ownership claims on companies.
What is the prediction for the stock market in 2023?A stock market, also known as an equity market or share market, is a collection of people who buy and sell stocks, also known as shares, which represent ownership claims on companies. These securities may include those that are traded publicly on stock exchanges as well as those that are only traded privately, like shares of private companies that are sold to investors through equity crowdfunding platforms. Typically, when investing, a plan of action is considered.However, JPMorgan cautioned that those challenges, which many fear may deepen into a recession, would persuade the Fed to hold off on raising interest rates. By the end of 2023, the S&P 500 might reach 4,200, up roughly 10% from its present levels, according to the investing business, and it could propel the stock market higher.To learn more about stock market refer to:
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Which of the following is true of developing a market niche based on any legal category
(e.g., farming or prospecting a specific area)?
It's an example of a tie-in arrangement and is an antitrust violation.
It's an example of group boycotting and is an antitrust violation.
It's an example of market allocation and is an antitrust violation.
It's permissible.
Based on the available options and the market niche concept the true statement is
It's permissible. (It's an example of market allocation and is an antitrust violation.)
What is Market Niche?Market Niche is a term that is used to describe the subset of the market on which a specific product is focused.
Generally, the term market niche specifies the product features aimed at satisfying specific market needs, as well as the price range, production quality, and demographics that it is planned to target.
Given that the market niche, in this case, is based on farming or prospecting a specific area, it is considered permissible because it is an example of market allocation and is an antitrust violation.
Hence, in this case, it is concluded that the correct answer is options C and D.
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Select the statement that is an example of a situation when you would apply Time Critical Risk Management (TCRM). Changing the route during the execution of a convoy Designing a quiet generator to reduce the amount of hazardous noise is an example of what type of risk control?
Time Critical is an example of a situation when you would apply Time Critical Risk Management (TCRM).
The process of detecting, evaluating, and limiting risks to an organization's capital and profits includes legal, strategic, financial, and security considerations. In order for a corporation to effectively identify and manage possible risks, risk management is a crucial process that equips it with the essential tools. The process of mitigating a risk is simple once it has been recognised. Preventive, detective, and reactive controls are the three main categories of controls. This is mostly dependent on when they apply and whether or not they change the risk's effect or likelihood at that point in its life cycle. Identification, assessment, and prioritising of risks are all parts of risk management. Then, resources are applied strategically and economically to try to reduce them.
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digital marketing specialist with 4 years of experience in online marketing, branding, and business strategy across music, media, and entertainment industries. skilled in evaluating financial needs and implementing multi-pronged digital strategies that increase revenue and drive brand growth.
knowledgeable about identifying financial needs and putting multifaceted digital strategies into action that boost sales and expand brands.
What is the length of time it takes to become an expert in digital marketing?You may want to learn how to be a digital marketer, like many other people who aspire to that career, but you are concerned that it will take too much time. Most people need one to three months to learn how to use the various digital marketing tools and approaches, and it takes another six to twelve months to hone their skills via repetition.
What can a recent graduate in digital marketing expect to make?About Rs 3.0 Lacs to 4.0 Lacs is the typical annual compensation range for a novice or newcomer in digital marketing. This will rely on a number of additional aspects, such as your organization, city of employment, and skill set.
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What is the present value of an annuity with monthly payments of $500, paid at the beginning of the each of the following three years, if the discount rate (APR) is 12%?
a. $15,053.75 b. $15,204.29 c. $12,873.22 d. $15,335.89
The value of annuity will be $15,204.29. The cash worth of all future payments, as determined by the annuity's rates of return or discount rate, is the present value of an annuity.
The amount of money that would be required today to finance a series of upcoming annuity payments is referred to as the annuity's present value. Given a specific return rate or discount rate, an annuity's present value is the current worth of its expected future payments. The present value of the annuity decreases with increasing discount rates. PV = the dollar amount of each individual annuity payment multiplied by P = PMT * [1 - [(1 / 1+r)n] / r] is the formula for calculating an annuity's present value. where: P is equal to the stream's present value. PMT = Each payment's dollar amount, the number of payment periods is n, and the discount or interest rate is r.
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which of the following is defined as the difference between the budgeted or actual revenues and breakeven revenues?
Prior to the establishment of the Federal Reserve System, how financial panics in the United States often get started.
In order to better oversee the financial system, Congress passed a law in 1913 creating the Federal Reserve System. This was due to the fact that they had observed that multiple financial panics in the United States could have been avoided if there had been a centralized monetary authority to oversee the sector and ensure that panics were minimized. Crops played a major role in how financial panics developed in the years before to the establishment of the Federal Reserve system. A crop failure would cause prices to soar out of control, unanticipated inflation, and a panic. Other periods, abundant crops or a surplus would result in falling market prices and the possibility of forcing people into bankruptcy, which would also cause a panic.
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Which of the following are associated with marketing, as defined by the American Marketing Association? (Check all that apply.)
A. organizations that develop industry partnerships for international outsourcing
B. institutions that facilitate the exchange of offerings that have value for customers
C. institutions that implement technologies for increased production efficiency
D. activities that communicate offerings that have value for society at large
E. processes used to create value for clients
Marketing, as defined by the American Marketing Association as an institutions that facilitate the exchange of offerings that have value for customers
2. activities that communicate offerings that have value for society at large 3. processes used to create value for clients
Option B, D , E are correct.
How does marketing work?The process of determining, developing, and delivering value to a target market to meet their requirements for goods and services is known as marketing.
Designing products and packaging that appeal to consumers, defining the terms of sale, securing product placement with influential individuals, choosing specific qualities or themes to emphasize in advertising, running advertising campaigns, participating in trade shows and public events, and choosing a target audience are all possible components.
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In Year 1, Citizens' Health, a voluntary health and welfare organization, received a bequest of a $200,000 certificate of deposit maturing in Year 2. The testator's only stipulations were that this certificate be held until maturity and that the interest revenue be used to finance salaries for an ongoing preschool program. Interest revenue for Year 2 was $16,000. When the certificate matured and was redeemed, the board of trustees adopted a formal resolution designating $40,000 of the proceeds for the future purchase of equipment for the preschool program. What amount should Citizen disclose in its Year 2 year-end financial statements as board-designated net assets (for future expenditures)
A. $40,000
B. $0
C. $16,000
D. $56,000
The amount of $40,000 should Citizen disclose in its Year 2 year-end financial statements as board-designated net assets for future expenditures. This concludes that option A is correct.
An expense is defined as any thing that necessitates the payment of money, or any type of fortune in general, to another person or organization in exchange for an item, service, or other category of charges. Rent is a cost for a renter.
Purchasing food, clothing, furniture, or a car is frequently referred to as a cost. A cost that is "paid" or "remitted" in return for anything of value is referred to as an expense. "Expensive" refers to something that appears to be very expensive. Expense in accounting refers to any particular outflow of cash or other valued assets from one person or firm to another.
Hence the correct option is A
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Fill in the blanks: a sprint workshop is a _________ where _______ step(s) out of the day-to-day to collaborate and develop a set of _________ that will be ________.
A sprint workshop is a short-term where team members step(s) out of the day-to-day to collaborate and develop a set of ideas that will be implemented.
What is collaboration?Collaboration is the process of two or more people, entities, or organizations working together to achieve a common goal. It involves sharing of resources and knowledge, as well as working together to solve problems and create new ideas. Collaboration is important in many contexts, from personal relationships to business and organizational settings. It can help individuals and groups to create more efficient, effective, and meaningful work. Collaboration is based on the idea that by working together, teams can create better results. It requires individuals to be open and honest, and to trust each other. Effective collaboration involves communication, teamwork, respect, and problem-solving. It can help to increase productivity, reduce costs, and create a more positive environment.
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with the exception of column one, all amounts are in dollars. what is starting principal of the loan? give your answer in dollars to the nearest dollar. do not include commas or the dollar sign in your answer.
The principal loan is 150000 dollars
First let us get the monthly rate. This can be gotten using the formula
Where P is principal,
r is the percent interest rate per year, so to get monthly interest is divide by 12
is is the monthly interest.
Using column 1 to determine the rate, we have
Now, the interest rate r = 6%
The starting principal becomes
Therefore, the answer is 150000 dollars
Principal is most normally used to allude to the first amount of cash acquired in a credit or put into a speculation. It can likewise allude to the presumptive worth of a bond, the proprietor of a privately owned business, or the main member in an exchange.
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When a firm is one of the top four firms in a market that captures at least 40% of the market share similar to the U.S. airline and automobile industries, this is best known as which of the following?
A concentrated request where many enterprises control a significant part of the request deals, and there are high walls to entry or an oligopoly. A monopoly exists when a single establishment controls the entire request.
Establishment and assiduity are synonymous. This establishment is the sole product patron, and there are no close backups because there are no druthers.
The establishment has the loftiest position of request power. Oligopoly An Overview. A monopoly and an oligopoly are request structures that live when there's amiss competition. A monopoly is when a single company produces goods with no close cover. An oligopoly is when many fairly large companies produce analogous but slightly different goods.
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4-A) Given the conditions presented in the headline above, what is likely to happen to spend in the economy? Explain your answer.
: 4-B) Discuss the relationship between spending and output in this situation?
: 4-C) What is likely to happen to a real gross domestic product due to the relationship between spending and output?
An inflation-adjusted measure of the value of all goods and services produced in an economy is known as real gross domestic product.
For two primary reasons, we emphasize the positive relationship between an economy's income and output and total planned spending: When real GDP is growing strongly, employment is likely to rise as businesses hire more workers for their factories and people have more money in their pockets.
Households are more likely to spend more on many goods and services if they have a higher income.
What is economy?An economy is a system of interconnected activities in production and consumption that ultimately determine how resources are distributed within a group. The production and consumption of goods and services as a whole satisfy the requirements of its inhabitants and businesses.the method or system by which a country or region produces, sells, and purchases goods and services. The country's economy was changed by the war. The city's economy will benefit from an increase in tourism. The economy is either strong or weak right now.The art of making the most of life is called economy. Shaw, George Bernard. Economics is the study of human behavior in everyday life. Frederick Marshall The study of human behavior as a relationship between ends and scarce means with alternative uses is what economists study.To learn more about economy:
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question mode multiple choice question retained earnings represents multiple choice question. the net assets of the company during the current period. the total cash the company has accumulated over its life. the total net income earned over the life of the company that has not been distributed as dividends.
The owners' equity that has built as a result of successful operations is represented by retained earnings, or "B."
Retained earnings are the portion of a company's net profits that aren't paid out as dividends to shareholders. The company keeps the money and uses it to partially pay off its debt or reinvest it in the company. To find out how much profit a corporation has kept, go under the Shareholder's equity section of the Balance Sheet.The amount of profit a business keeps after paying all of its direct and indirect expenses, income taxes, and dividends to shareholders is known as retained profits. This is the percentage of the company's equity that may be utilised, for example, to fund the purchase of new machinery, research and development, and marketing.
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When an entry is recorded with a debit to Accounts Receivable and credit to Sales Revenue, then the sale was a(n) ______ sale
When an entry is recorded with a debit to Accounts Receivable and credit to Sales Revenue, then the sale was a credit sale
In a credit sale, the consumer is given the option to pay for the goods or services later rather than at the time of the sale. The seller gives the buyer credit and records the transaction by debiting Accounts Receivable and crediting Sales Revenue. Accounts Receivable is an asset account that shows how much money clients owe the business for products or services they have purchased but haven't yet paid for.
In this given case, the business documents the transaction by raising its Accounts Receivable which is the debt, and it also documents the revenue which is the credit. As the customer settles the balance owed, the accounts the payable account will go down and the cash account will go up.
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which of the following is a website (or app) where users can create a profile and interact with other users, post information, and engage in other forms of web-based communication?
Correct reply is social network.
Web-based communication is any kind of conversation that takes place over the internet. Emails, social media, analysing an on-line article or blog, and even analysing the response to this question is a type of web-based communication.
How does post work in India?Mail is in addition categorized as first class and second type mail. First class mail gets free air transmission inside India; whereas second category mail gets air carry only if prepaid with air surcharge. The mail is accumulated from 579595 letter containers by means of 154979 put up workplaces in the country.
Do you be aware of India Post?India Post is eminent for its sluggish yet sure conveyance. Presently, in case you're worried about the vicinity of your transfer, you can check the place of switch in a couple of fundamental advances. Check the monitoring wide variety from your receipt. Enter the monitoring range in the textual content field.
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https://brainly.com/question/24468230#SPJ4The following is cost information for the Creamy Crisp Donut Company.
Entrepreneur's potential earnings as a salaried worker = $50,000
Annual lease on building = $22,000
Annual revenue from operations = $380,000
Payments to workers = $120,000
Utilities (electricity, water, disposal) costs = $8,000
Value of entrepreneur's talent in the next best entrepreneurial activity = $80,000
Entrepreneur's forgone interest on personal funds used to finance the business = $6,000
If, other things equal, Creamy Crisp's revenue fell to $286,000,
Multiple Choice
O its implicit costs would exceed its economic costs.
O it would earn a normal profit but not an economic profit.
O it would suffer an economic loss.
O its accounting profit would fall to $0.
The correct option is (A), i.e., its implicit costs would exceed its economic costs. Unequivocal costs are those that are paid directly, generally with currency.
Implicit costs are those paid laterally, similar to lost stipends from staying at home rather than going to work. Together they make up occasion cost. As stated, unequivocal costs are those paid directly, similar to bones. In this case, only three orders satisfy this Periodic description parcel on structure = $,000 Payments to workers = $,000 serviceability( electricity, water, disposal) costs = $,000.
The main difference between the two types of costs is that implicit costs are occasion costs, while unequivocal costs are charges paid with a company's own palpable means. This makes implicit costs synonymous with imputed costs, while unequivocal costs are considered out-of-fund charges.
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A managing broker appoints a designated licensee to represent a seller in a transaction. If this licensee only represents the seller, which of the following is true?
The managing broker remains liable as a dual agent.
The designated agent does not have an agency relationship with the seller as a designated agent.
Another licensee in the firm may not represent a buyer to the same transaction.
The broker is relieved of liability as a dual agent if another of his licensees represents the buyer.
A licensee who assists one or more parties to a transaction without entering into a signed agency agreement is called a
designated agent.
facilitator.
sub-agent.
managing broker.
In a designated agency transaction, if the seller's agent acquires confidential information from the seller, it is assumed under TN law that
the managing broker is aware of such information.
buyer agents in the firm are aware of the confidential information.
both managing broker and her licensees are aware of the confidentiality.
neither managing broker nor other licensees in the firm are aware of the confidentiality.
The designated agent does not have an agency relationship with the seller as a designated agent. The broker is relieved of liability as a dual agent if another of his licensees represents the buyer.
A licensee who assists one or more parties to a transaction without entering into a signed agency agreement is called a designated agent In a designated agency transaction, the managing broker appoints a designated licensee to represent the seller. As the designated agent only represents the seller, they do not have an agency relationship with the seller. This means that the designated agent is only responsible for representing the interests of the seller, and not the buyer.
Furthermore, when another of the broker's licensees represents the buyer in the same transaction, the broker is relieved of liability as a dual agent. This means that the broker does not have any responsibility or liability to either the seller or the buyer in the transaction. In this case, the designated agent is the primary point of contact for the seller and the buyer is represented by another agent within the same firm.
In a designated agency transaction, the seller's agent acquires confidential information from the seller. Under TN law, it is assumed that neither the managing broker nor other licensees in the firm are aware of confidentiality. It is the responsibility of the designated agent to keep the information confidential and not share it with other parties.
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Country Z is both a producer and an importer of green tea. If country Z imposes a tariff on imports of green tea, which of the following will occur in the domestic market of green tea?
A. Consumer surplus will increase.
B. Domestic production will increase.
C. Total consumption of green tea will increase.
D. Producer surplus will decrease.
E. The price paid by domestic consumers will decrease.
D. Producer surplus will decrease. If country Z imposes a tariff on imports of green tea, which of the following will occur in the domestic market of green tea.
what is domestic ?
Domestic pertains to a person's home country, or the internal affairs of a nation. It is typically used to refer to things that are done within a particular nation, such as politics, culture, economics, or military. Domestic affairs are distinct from global or international affairs, which involve activities or issues of multiple nations.
Domestic policies are those that are created and implemented by governments to regulate their internal affairs and address the needs and concerns of their own citizens. Examples of domestic policies can include taxation, healthcare, education, immigration, and foreign trade. Domestic policies are always created with the intention of benefiting the citizens of the nation and addressing issues that are important to them.
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Managerial accounting question:
Moody Corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, the company made the following estimates:
Machine-hours required to support estimated production 155,000
Fixed manufacturing overhead cost $ 658,000
Variable manufacturing overhead cost per machine-hour $ 4.10
Required:
1. Compute the plantwide predetermined overhead rate. (Round your answer to 2 decimal places.)
2. During the year, Job 400 was started and completed. The following information was available with respect to this job:
Direct materials $ 330
Direct labor cost $ 250
Machine-hours used 35
Compute the total manufacturing cost assigned to Job 400. (Round "predetermined overhead rate" to 2 decimal places. Round other calculations and final answer to the nearest whole dollar.)
3. If Job 400 includes 50 units, what is the unit product cost for this job? (Round your intermediate calculations to the nearest whole number and final answer to 2 decimal places.)
4. If Moody uses a markup percentage of 110% of its total manufacturing cost, then what selling price per unit would it have established for Job 400? (Round your intermediate calculations to the nearest whole number and final answer to 2 decimal places.)
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1) The computation of the plantwide predetermined overhead rate is $4.25 per machine hour.
2) The total manufacturing cost assigned to Job 400 is $872.25.
3) If Job 400 includes 50 units, the unit product cost is $17.45.
4) If Moody uses a markup percentage of 110% of its total manufacturing cost, the selling price per unit for Job 400 is $19.20.
What is the predetermined overhead rate?The predetermined overhead rate gives the quotient of the total fixed overhead costs for the year divided by the estimated activity level for the year.
The computation of the predetermined overhead rate helps in allocating the overhead costs based on their cost drivers.
Required machine-hours = 155,000
Fixed manufacturing overhead cost = $658,000
Variable manufacturing overhead cost per machine-hour = $4.10
Plantwide predetermined overhead rate = $4.25 ($658,000/155,000)
Job 400:Direct materials $ 330
Direct labor cost $ 250
Machine-hours used 35
Overhead costs:Variable = $143.50 ($4.10 x 35)
Fixed = $148.75 ($4.25 x 35)
Total overhead costs = $292.25
The total cost of Job 400 = $872.25 ($292.25 + $330 + $250)
Unit cost of Job 400 = $17.45 ($872.25 ÷ 50)
Selling price for each unit of Job 400 = $19.20 ($17.45 x 1.1)
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