The US demand curve would shift to the left if the federal reserve board caused the real interest rate to increase, which means option C is the right answer.
The demand curve refers to the graphical representation of the relationship between the price of a goods or services and the quantity demanded for a given time duration. When the prices of any commodity increases, its demand decreases and vice versa. Hence, the demand curve would be a decreasing downward slope from left to right. A reduction in the interest rate increases the quantity of money demanded. Variations in demand curves are due to the following factors:
1. Changes in the prices of items
2. Changes in the demand and supply of any item
3. Change in population
4. Variability in the income of population
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the personnel expenses in the flexible budget for december would be closest to: a. $76,620 b. $77,156 c. $79,809 d. $80,776
The personnel expenses in the flexible budget for December would be closest to: a. $76,620
Personnel expenses in the planning budget
= Fixed + Variable
= 32,400 + (13.40*3300)
= 32,400 + 44,220
= 76,620
An fee is an item requiring an outflow of cash, or any shape of fortune in popular, to every other individual or institution as price for an object, service, or other category of fees. For a tenant, hire is an price. for students or mother and father, lessons is an fee.
An expense is the price of operations that a agency incurs to generate revenue. it's miles sincerely defined because the value one is required to spend on obtaining some thing. as the popular saying goes, “it fees money to make cash.”
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which of the following factors increases pressures for cost reductions? group of answer choices meaningful differentiation between products reduced international competition competitors that are based in high-cost locations high switching costs persistent excess capacity
Persistent excess capacity is the following factor that increases pressures for cost reductions.
What are cost reductions?Cost reduction is the process of reducing company expenses in order to maximize profits. It's about identifying and eliminating spending that doesn't add value to customers while streamlining processes and improving efficiency. Cost savings are usually focused on achieving short-term savings.Cost reduction is the process of reducing company expenses in order to maximize profits. It's about identifying and eliminating spending that doesn't add value to customers while streamlining processes and improving efficiency.It leads to increased sales. Reducing expenses can increase a company's revenue and profit margins. Reducing the cost of doing business proves to be a key factor in increasing margins. Using a cost-saving solution can bring many benefits to your business.
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what defines an insular, inwardly focused culture? a. the firm never underestimates rivals because of their proven track record in defending challenges. b. the firm believes they have all the answers because of their past great market success and is thus overconfident. c. the firm's unflinching belief in the company's superiority breeds a champion's attitude and thus they thrive on doing better by adapting to fresh thinking from outside the company. d. the firm values their customers' opinions and fully understands their needs and expectations. e. the firm has a commitment to hiring young people who can offer fresh thinking and new perspectives.
B. the firm believes they have all the answers because of their past great market success and is thus overconfident defines an insular, inwardly focused culture.
Tradition is an umbrella time period which encompasses the social behavior, establishments, and norms observed in human societies, as well as the understanding, ideals, arts, laws, customs, skills, and conduct of the individuals in these businesses. tradition is often originated from or attributed to a specific place or location.
Culture may be described as all the ways of lifestyles such as arts, ideals and institutions of a populace which can be surpassed down from generation to technology. culture has been called "the manner of existence for a whole society." As such, it includes codes of manners, dress, language, religion, rituals, artwork.
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a company decides to motivate its salespeople by awarding a trip to hawaii to the salesperson who sells the most products over a two-month period. what type of motivational strategy is this?
Praise and recognition-One of the simplest, but most nice approaches to inspire personnel is to recognize them for their work and provide nice feedback.
Recognizing employees for their efforts will talk that these employees are valued and appreciated, and that their work would not go unnoticed.
Why motivational strategies are important?Finding ways to make bigger motivation is indispensable due to the fact it lets in us to change behavior, develop competencies, be creative, set goals, develop interests, make plans, boost talents, and increase engagement.
A strategic motivation device consists of a set of methods, procedures, and devices to efficiently put into effect strategic layout in practice. The most difficult and important characteristic is to inspire executives, managers and even specialists to assume strategically, to completely advance a imaginative and prescient of the future.
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https://brainly.com/question/22529717#SPJ4if government (or investment) spending is increased by $10 with an mps of 0.25, then the maximum overall change in income will be .
Answer:
.76
Explanation:
suppose the economy is experiencing inflation. if the federal reserve enacts contractionary monetary policy, interest rates will likely
When prices grow unevenly and some consumers' purchasing power declines, inflation's primary cost is the erosion of real income.
Explain about the inflation?Inflation is the rate of price growth over a predetermined period of time. Inflation is sometimes quantified in generic terms, such as the general increase in prices or the increase in the cost of living across a country.
Inflation, or the long-term, widespread increase in the cost of goods and services, lowers purchasing power. A low but positive inflation rate is beneficial to the economy, but a high inflation rate has a propensity to get out of hand and impair the economy's long-term performance.
Consumer spending, company investment, employment rates, as well as government initiatives, tax laws, and interest rates are all impacted by inflation. Because inflation can lower the value of investment returns, understanding inflation is essential to successful investing.
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hat is the formal method of analysis applied by management to identify appropriate cost drivers and effects on the costs of production?
Activity analysis is the process of identifying appropriate cost drivers and their effects on the costs of making a product or providing a service.
What is Activity analysis?Activity analysis is a methodical process for determining the precise behaviors required to engage in a certain activity. The four behavioral domains—physical, cognitive, affective or emotional, and social—can be used to classify these actions.Find out what tasks operators complete on the job and how frequently. Any activity a person engages in while carrying out a task can be recorded using activity analysis (AA). The two goals of AA are to identify the behaviors that take place in any scenario and how frequently the behaviors are displayed.The process of activity analysis has been improved nowadays to take into account aspects that are physical, perceptual, cognitive, psychological, social, and cultural.To learn more about Activity analysis refer to:
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a client comes to you with a portfolio of securities that he has put together. based on your analysis the beta of the portfolio is 1. what does this mean?
The answer is when the beta value is 1, it means that the security's price typically moves with the market.
Beta is said to be a systematic or market risk of the portfolio. Beta for the overall market is considered to be 1.
A beta greater than 1 means there is a higher systematic risk than the overall market and vice versa. A portfolio with beta of 1 is highly diversified.
The volatility of a stock is quantified by its beta, or how much it changes in price relative to the entire stock market.
In other words, it provides a sense of the stock's risk in relation to the market's overall risk. Beta is often used to contrast the market risk of a stock with that of other stocks. The Greek letter ß is used by analysts to denote beta.
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Dani Corporation ha 7 million hare of common tock outtanding. The current hare price i $73, and the book value per hare i $8. The company alo ha two bond iue outtanding. The firt bond iue ha a face value of $90 million, ha a coupon rate of 6 percent, and ell for 98 percent of par. The econd iue ha a face value of $75 million, ha a coupon rate of 5 percent, and ell for 110 percent of par. The firt iue mature in 22 year, the econd in 7 year. Suppoe the mot recent dividend wa $4. 45 and the dividend growth rate i 4. 8 percent. Aume that the overall cot of debt i the weighted average of that implied by the two outtanding debt iue. Both bond make emiannual payment. The tax rate i 24 percent. What i the company’ WACC?
If the tax rate i 24 percent, the company’ WACC is 0.2504.
Equity is the amount of money that a company's proprietor has put into it or owns. On a enterprise's balance sheet, the distinction between its liabilities and assets suggests how a great deal fairness the corporation has. the proportion charge or a price set via valuation professionals or investors is used to discern out the equity fee.
Book value weight
Particulars amount [millions ] (amount/total)
common stock $56.00 0.2534
first issue $90.00 0.4072
second issue $75.00 0.3394
Total Book value $221.00
Weight of equity on book value basis = 0.2534
Weight of debt on book value basis = 0.7466
Market value weight
Particulars amount [millions ] (amount/total)
common stock $511.00 0.7496
first issue $88.20 0.1294
second issue $82.50 0.1210
Total market value $681.70
Weight of equity on market value basis = 0.7496
Weight of debt on market value basis = 0.2504
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jason is 58 years old, has strong financial health, a short time horizon, and an average risk tolerance. which asset allocation you recommend?
I advise a 45% stock and 55% bond/cash equivalent asset allocation. Short-term investments frequently come in the form of certificates of deposit (CDs), money market accounts, high-yield savings accounts, government bonds, and Treasury bills.
Investment thought to be extremely liquid for the near term?Short-term investments frequently come in the form of certificates of deposit (CDs), money market accounts, high-yield savings accounts, government bonds, and Treasury bills. Short-term investments often have lower rates of return, but they are very liquid and allow investors the freedom to swiftly withdraw money if necessary.Horizontal time. the length of time that is invested to accomplish an objective. capacity for danger.The term "liquidity" describes a company's capacity to accumulate sufficient short-term assets to cover short-term liabilities when they become due. To finance daily operations, a firm needs to be able to offer a good or service and bring in money quickly.To learn more about Short-term investments refer to:
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Economists that do not believe in market failures or that believe the government is not the appropriate entity to intervene when market failures occur, are _____.
Economists that do not believe in market failures or that believe the government is not the appropriate entity to intervene when market failures occur, are Public Choice economists.
What is an economist? An economist is a specialist who uses a variety of indicators to examine the link between a society's resources and production or output in order to forecast future trends.The Bureau of Labor Statistics reports that the median annual salary for economists in 2021 was $105,630, or $50.79 per hour.An advanced degree, such as a Ph.D. or a master's degree, and a specialty area for research are the two key prerequisites for a career as an economist.Businesses and the government can respond to the future trajectory of the economy using the theories of economists.An economist's job involves examining data that includes economic indicators, such as GDP and polls of consumer confidence. To spot prospective trends or predict future economic conditions, economists may investigate the availability, reach, and distribution of commodities and services.To learn more about Economists, refer to
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cost flow is in the order in which costs were incurred when using a.first-in, first-out b.weighted average cost c.first-in, last-out d.last-in, first-out
When utilizing first-in, first-out accounting, cost flow represents the order in which costs were incurred.
What does cost accounting's first-in, first-out method entail?According to the accounting principle known as first in, first out (FIFO), assets that are bought or acquired first are also the first to be sold. According to FIFO, the inventory still on hand is made up of products that were bought last. LIFO is an accounting technique that differs from FIFO in that assets that were acquired or purchased most recently are sold first.
Which occurs first in the cost flow?The evaluation of the raw materials used in manufacturing is the first step in the flow of expenses. The cost flow subsequently shifts to the inventory of work-in-progress. The price of the personnel and equipment used in production, as well as any overhead charges, are added.
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question content area thomas martin receives an hourly wage rate of $22, with time and a half for all hours worked in excess of 40 hours during a week. payroll data for the current week are as follows: hours worked, 42; federal income tax withheld, $305; social security tax rate, 6.0%; and medicare tax rate, 1.5%. what is the gross pay for martin?
Employers are required by means of law to withhold employment taxes from their employees. Employment taxes encompass federal income tax withholding and Social Security and Medicare Taxes
What is no longer covered in gross pay?Basically, gross pay refers to all the cash your company pays you earlier than any deductions are taken out. It consists of all overtime, bonuses, and reimbursements from your employer, and it does now not account for such deductions as taxes, insurance, and retirement contributions.
Why does my gross pay not healthy my salary?Gross pay might also be decided through the amount an employee works, as in hourly pay, or at a set rate, as in a weekly salary. An employee does not need to be paid a earnings to earn gross pay -- any person paid by means of the hour only when working still earns an quantity of gross pay.
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https://brainly.com/question/18095052#SPJ4A firm finds that as it adds workers, each worker is adding less and less output to the production process. What must be true about average cost?.
A company discovers that as it grows its staff, each employee contributes a decreasing amount of output to the manufacturing process. The fact that the average cost is increasing must be true.
The average cost is the cost per unit produced during a production run. It is a projection of the typical expenditures made in the manufacture of a good.
This price may vary depending on how many units are produced. In general, the average cost drops as the number of units produced increases when the manufacturer uses increasing efficiency.
As the firm approaches the theoretical capacity of its production facility, each additional unit is more expensive to produce, yet the average cost starts to increase.
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if a treasury note with two years remaining to maturity has a 5% semiannual coupon and is priced at $1,008, the note is:
if a treasury note with two years remaining to, the note is underpriced.
Treasury notes may mature in two to 10 years if interest is paid every two years. Treasury bonds are a safe way to invest your money. While there are various types of bonds, purchasing 2-year Treasury bonds has certain unique advantages. Utilizing the secondary market, savvy investors can build a Treasury ladder to maximize their returns. Treasury bonds might be a great investment for people looking for safety and a fixed rate of interest that is paid semi-annually until the bond's maturity. Bonds are a key component of an investment portfolio's asset allocation since they provide a steady return that helps to offset the volatility of equity prices.
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Jarrah sells office supplies from a store in Sandusky, Ohio. He decides to hire a web developer to create a website for customers with the option to view and purchase office supplies. This example best describes the concept of ________, which is a(n) ________ force.
The instance best describes the concept of e-commerce, which is a technological force.
What is E-commerce?E-commerce is the purchasing and selling of products and services, as well as the transfer of payments or data, through an electronic network, most notably the internet.
These transactions might be business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer (C2C), or consumer-to-business (C2B). In the above situation, the instance best describes e-commerce, which is a technical force.
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g the journal entry at march 15 to record the payment of property taxes would include which of the following? a. a debit to property tax expense of $480,000 b. a credit to cash of $120,000 c. a debit to prepaid property taxes of $360,000 d. a credit to prepaid property taxes of $40,000
The journal entry on march 15 to record the payment of property taxes would include the following option :
c. a debit to prepaid property taxes of $360,000
Compute the property tax expense amount:
Total property tax paid for the year = $480,000
Tax amount for a month = $480,000/ 12 months = $40,000
Property Tax Expense upto March = $40,000 x 3 months = $120,000
Prepare the journal entry:
Date Account title and explanation Debit ($) Credit ($)
15-Mar Property tax expense 120,000
Prepaid property taxes 360.000
= (S480,000-$120,000)
Cash 480,000
Thus, the correct answer is option (c).
What is Tax ?A tax is a mandatory financial charge or other type of charge imposed on a taxpayer by a government organization to finance government expenditures and various public expenditures, and tax regulations refer to political action and individual behaviour designed to ensure that taxpayers pay the correct amount of tax. . at the right time and with the right tax credits and incentives. The first known taxation took place in Ancient Egypt around 3000-2800 BC. Failure to pay on time (violation of the law), as well as tax evasion or tax evasion, are punishable by law. Taxes consist of direct or indirect taxes and can be paid in money or as a labor equivalent.
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what is a major advantage of the multiple-step income statement over the single-step income statement? the multiple-step income statement clearly presents the value of total expenses. the multiple-step income statement clearly presents the value of total revenues. the multiple-step income statement shows the relationship of gross profit to sales. the multiple-step income statement is less complex to prepare.
The multiple-step income statement clearly presents the value of total expenses is a major advantage of the multiple-step income statement over the single-step income statement. The correct option is A.
What is the advantage of using the multiple-step income statement?The main advantage of using a multi-step income statement is that it separates operating and non-operating income. This reduces financial clutter and emphasizes the most important aspect of a company's finances—the operational portion.
Multiple-step income statements' siloed breakdowns enable deeper margin analysis and more accurate representations of costs of goods sold. Such specificity provides stakeholders with a clearer picture of how a company operates by comparing gross, operating, and net margins.
Thus, the ideal selection is option A.
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somerset received $26,400 from a customer for 12 months' rent in advance of the rental period. how should somerset record this transaction?
Somerset record this transaction is Cash 2,6400 deferred revenue 26,400 . Deferred revenue is money received in advance for products or services that are going to be performed in the future.
What is deferred revenue?Money received in advance for goods or services that will be rendered in the future is known as deferred revenue. Common instances of deferred revenue include rent payments that are collected in advance or annual subscription fees that are received at the start of the year.Deferred revenue is shown as a current obligation on the balance sheet as opposed to accounts receivable, which is thought of as an asset. When a payment clears the bank, businesses that employ cash-based accounting recognize their revenue. Only when the revenue has been received or recognized do you record it in accrual-based accounting.To learn more about deferred revenue refer to:
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Advertising, personal selling, and public relations are part of which element in the marketing mix?.
Advertising, personal selling, and public relations are part of promotional mix element in the marketing mix.
Advertising is a selected advertising conversation hobby that falls below the "promotion" detail of the traditional advertising blend -- additionally called the Four Ps of product, price, vicinity and promotion. Sales is a broader feature it's worried in all 4 factors of the advertising blend.
Whether or now no longer a enterprise makes use of private promoting as a part of its advertising blend relies upon on its commercial enterprise model. Most frequently businesses use private promoting while their services or products are particularly technical, specialized, or costly—which includes complicated software program systems, commercial enterprise consulting services, homes, and automobiles.
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Jeb is trying to market a new type of chewing gum. His new gum, popsalot, is a low involvement purchase. Which type of channel coverage should he employ?.
Jeb should employ an intensive type of channel coverage.
The distribution coverage figures in figure 24 represent the proportion of stores that carry a given brand. The record offers the statistics for each emblem presently available on the market. The number of shops in every distribution channel is furnished as nicely.
The market insurance method is the technique of analyzing the market and locating how a good deal of the full marketplace your advertising and marketing marketing campaign ought to cover for a specific product/carrier.
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What’s another product that has another purpose other than its original purpose?.
The five additional items, each of which serves a different purpose from that for which it was designed, are Coca-cola, listerine, The Slinky, The Play-Doh and Rogaine
Coca-cola
Initially intended to combat morphine addiction, Coca-Cola was developed. After suffering a fairly significant wounded in the Battle of Columbus, its creator, Dr. John Pemberton, developed a morphine addiction.
listerine
Unsurprisingly, the brightly colored container of breath freshener was first advertised and sold as a floor cleaner and a surgical antiseptic. Additionally, it was used to treat gonorrhea.
The Slinky
No matter how old they are or how far technology has advanced, there are some toys that will always be fun. One of those is unquestionably the slinky. spirals that are mesmerizing, shimmering from side to side, walking down stairs, or just simply being a terrific distraction!
The Play-Doh
Play Dough is something that almost every parent or child care provider is familiar with and is a source of endless entertainment for kids.
Rogaine
Rogaine This wasn't the intended outcome; rather, it was a fortunate accident with a sizable market.
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setting a high price so that quality- or status-conscious consumers will be attracted to the product and buy it is referred to as .
Answer:prestige pricing
Explanation:involves setting a high price so that quality- or status-conscious consumers will be attracted to the product and buy it. Price lining. involves setting the price of a line of products at a number of different specific pricing points. Odd-even pricing.
Assume capital markets are perfect. Kay Industries currently has $200 million invested in​ short-term Treasury securities paying 8 %, and it pays out the interest payments on these securities as a dividend. The board is considering selling the Treasury securities and paying out the proceeds as a​ one-time dividend payment. Assume investors pay a 15 % tax on dividends and capital​ gains, and a 40 % tax on interest​ income, while Kay pays a 40% corporate tax rate.
a. If the board went ahead with this​ plan, what would happen to the value of Kay stock upon the announcement of a change in​policy?
b. What would happen to the value of Kay stock on the​ex-dividend date of the​ one-time dividend?
c. Given these price​ reactions, will this decision benefit​investors?
a) The increase in Kay's equity value would be 0.15 x 200, or $30,000,000.
b) On the tax-dividend rate of the one-time dividend, the value of Kay stock would decline by $200,000,000.
c) Given these price movements, the decision will net investors $30 million in profit.
The tax advantage is the term used to describe the economic benefit that is given to some investments or accounts that are, by law, tax-free, tax-deferred, or tax-reduced. Retirement plans, college savings accounts, medical savings accounts, and government bonds are a few examples of tax-advantaged accounts and investments.
a) Calculation of Tax Advantage:
Tax Disadvantage = [1 - (1 - Corporate Tax Rate) * (1 - Dividend Tax Rate)] / [1 - Tax rate on Interest]
Tax Disadvantage = [1 - (1 - 0.40) * (1 - 0.15)] / [1 - 0.40}
Tax Disadvantage = [1 - (0.60 * 0.85)] / 0.6
Tax Disadvantage = (1 - 0.51) / 0.6 = 0.49 / 0.6 = 1 - 0.85 = 0.15
Therefore, Tax Disadvantage = 0.15.
Kay's equity value would rise by 0.15 * 200 = $30,000,000.
b) It would decrease by $200,000,000. Because tax rates on dividends and capital gains are equal, the effective dividend tax rate is 0.
c) Given these price reactions, this choice will result in a $30 million profit for investors.
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entry for cash sales; cash over the actual cash received from cash sales was $66,670, and the amount indicated by the cash register total was $66,341. journalize the entry to record the cash receipts and cash sales. if an amount box does not require an entry, leave it blank.
The journal entry to record the day's sales would contain:
Debit Cash $66,341
Debit Cash shortage $329
Credit Sales $66,670
A journal means a detailed account that tracks all the money transactions of a business, which is used to the future reconciling of accounts and the delivery of information to other official accounting tracks, such as the general ledger. A journal entry also says the behavior of saving or making records of any transactions either economic or non-economic.
From that scenario we know that
Cash sales = $66,670
The cash register total = $66,341
Cash shortage = Cash sales - cash register total
Cash shortage = $66,670 - $66,341
Cash shortage = $329
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A _____ is composed of a group of people that seeks to influence the strategies of the government by getting people elected to official government positions.
A Political party is composed of a group of people that seeks to influence the strategies of the government by getting people elected to official government positions.
What are political parties called ?A political party is a group that organizes candidates to run for office in a given nation. Parties may support particular ideologies or political objectives, and it is typical for party members to share similar political views.As contemporary party organizations evolved and expanded around the world over the past several centuries, political parties have grown to play a significant role in the politics of practically every nation. Unpolitical parties are relatively uncommon in a nation. While some nations only have one political party, others have many. Both democracies and autocracies use parties in their political systems, however democracies often have more political parties than do autocracies.Parties can emerge from social differences that already exist, such as those between the poorer and upper classes, and by promoting cooperation among their members, they simplify the political decision-making process.Learn more about Political party refer :
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kramer company budgeted that it would operate at 80% capacity for the month producing 800 units of its product, aa. each unit requires 2 direct labor hours. at the end of the month it realized that they produced 700 units and operated at 70% capacity. if the budgeted fixed overhead was $3,000, the standard fixed overhead was $2.00 per direct labor hour, what is the volume variance?
300$ unfavourable is the volume variance if the budgeted fixed overhead was $3,000, the standard fixed overhead was $2.00 per direct labor hours.
volume variance is the difference between the actual and budgeted or planned volume of units produced. This answers the question, "If a Company budgeted that it would operate at 80% capacity for the month producing 800 units of its product, aa. each unit requires 2 direct labor hours, at the end of the month it realized that they produced 700 units and operated at 70% capacity,. if the budgeted fixed overhead was $3,000.In the above example, the company did not budget for a volume variance, it assumed that it would produce 800 units. The actual production of 700 units resulted in a volume variance of 200. This means that 200 units were over or under what was budgeted. In this case, if 300 units had been over, the cost of direct labor would have been $3,100 ($3,000 x (200-100)) instead of $3,000. The total costs of $3,000, would not be affected.The formula for calculating the volume variance is:
where formula_4 is the actual output, and formula_5 is the standard quantity of output. Often, standards are set in terms of average units per labor hour. As in this example there are two types of volume – volume (units) and capacity (labor hours). The equation can then be written as:
Volume variance is used to compare budgeted production volume to actual production volume. In the above example we calculated that the actual production was 700 units and the budgeted production was 800 units. The difference (of 200 units) is called a "volumvariance". Volume variance is often used in cost accounting for businesses, to determine how close a business has come to its estimates of quantity and costs.
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krysta wants to take piano lessons. she asked a teacher how many new pieces she could expect to learn each month. the teacher gave an estimate of 3. write an equation that shows how the total number of pieces krysta would learn, y, depends on the number of months of piano lessons, x.
The required equation is y = 3x which represents the total number of pieces Krysta would learn, where x months of piano lessons.
What is the Linear equation?A linear equation is defined as an equation in which the highest power of the variable is always one.
Krysta wants to learn to play the piano. She inquired with an instructor about the number of new pieces she could anticipate studying each month. The teacher estimated three.
Let y represent the total number of pieces Krysta would learn,
And x represent depends on the number of months of piano lessons,
According to the given situation, we can write the equation would be as:
⇒ y = 3x
Therefore, the required equation is y = 3x which represents the total number of pieces Krysta would learn.
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interest income received by a cash basis taxpayer is generally reported in the tax year it is received. group of answer choices true false
This statement is true.
What Is a Cash Basis Taxpayer?Taxpayers may choose between the accrual method and the cash method, which are both recognized accounting techniques.A taxpayer who files their income and deductions on a cash basis does so in the year that they are actually received or paid.An individual who uses the cash basis of taxation deducts expenses in the year they are settled, not necessarily the year they were incurred.The accrual system of taxation requires taxpayers to record income in the year it is generated, not the year it is received, And also to deduct costs in the year they are spent, not the year they are paid for or settled.Every year, all individual and corporate taxpayers are obligated to pay taxes on their income. For any given tax year, income, and taxes must be reported using a consistent accounting technique. The accrual method and the cash method are the two accounting methods that taxpayers employ
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does an improved standard of living necessarily mean more consumption? is it possible to envision a future in which consumption of many goods and natural resources would decline? if this happened, would it mean an end to economic growth? how might perception of these questions differ, for example, for a citizen of the united states and a citizen of india?
The standard of living of men and women and families isn't the handiest a count of income, however in the end relies upon on the extent and exceptional in their intake in terms of products and services purchased. With a better base, sales from taxes may be used to boom public services and utilized in regions consisting of health, training, and transportation. All those services enhance the extent of consolation for citizens. Economic increase results in extra citizens and extra cultural diversity.
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