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2022 Ethics and Compliance Test
2022 Ethics and Compliance Test
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Janine, currently enrolled in a 3-star plan,
discovers there is 5-star plan available where
she lives. She asks her agent, Josh, to enroll
her in the 5-star plan. Josh can advise Janine
of each of the following except:
Josh should tell Janine that she can only change her current plan to a 5-
star plan during the Annual Election Period.
Josh should tell Janine that she can only use the 5-Star SEP once per
calendar year.
Josh should tell Janine that she can change her current plan to a 5-star

Answers

Answer 1

Answer:

Janine and Josh

Josh can advise Janine  of each of the following except:

Josh should tell Janine that she can only change her current plan to a 5-

star plan during the Annual Election Period.

Explanation:

The Special Election Period (SEP) for the 5-star Medicare Plan lasts one week, that is, between Nov. 30 and Dec. 8.  However, there is an Annual Enrollment Period (AEP) that lasts from October 15th to December 7th.  During the annual enrollment period, any plan holder can change her Medicare plan, depending on its availability in her area.


Related Questions

The difference between actual overhead costs incurred and the budgeted overhead costs based on a flexible budget is the: Multiple Choice Production variance. Controllable variance. Volume variance. Price variance. Quantity variance.

Answers

The difference between actual overhead costs incurred and the budgeted overhead costs based on a flexible budget is the controllable variance.

In accounting, there are two elements of a variance- rate variance and volume variance. While the rate variance refers to the difference in the actual price paid vs. the budgeted price, the volume variance refers to the portion of the variance in sales, unit usage.

The controllable variance is in the "rate" element of the variance.Controllable variance refers to the process by which the efficiency of using variable overhead resources is measured.This means that the controllable variance is the difference between the actual cost and the budgeted overhead cost.The calculation for this variance is: Actual overhear expense - (budgeted overhead cost x standard number of units)= overhead controllable variance.

In short, we can say that the controllable variance is the amount that is not part of the volume variance. Rather, it is the difference in the overhead cost incurred and the budgeted overhead cost.  

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Suppose a chair manufacturer is producing in the short run (with its existing plant and equipment). The manufacturer has observed the following levels of production corresponding to different numbers of workers:
Number of Workers Number of Chairs
1 10
2 18
3 24
4 28
5 30
6 28
7 25
a. Calculate the marginal and average product of labor for this production function.
b. Does this production function exhibit diminishing returns to labor

Answers

Answer:

(a)

MP = TPn - TPn-1

AP = TP/Q

No. of workers       No. of chairs   MP    AP

         1                              10              -       10      

         2                             18             8       9

         3                             24            6       8

         4                             28            4       7

         5                             30            2       6

         6                             28          - 2      4.6

         7                              25          -3       3.5

(b) Yes, this production function exhibits diminishing returns to labor. As we increase the number of laborers, the output per worker falls. we will see that the AP is falling with the rise parturient.

Look up Selling Manager Pro on eBay’s site. Compare the free and paid versions.

Answers

On eBay, Selling Manager Pro is a tool for organising and monitoring sales. The paid version includes advanced features like inventory management and sales reporting, while the free version only has basic features.

Why do people prefer free apps?

For a number of reasons, people favour free apps. Free apps are a desirable option for people who may not have the funds or desire to pay for an app because they are accessible and don't require any financial commitment. Free apps also frequently offer a basic level of functionality, which may be adequate for many users. Additionally, they can be used to evaluate an app's features before purchasing a paid version. Finally, advertisements are frequently used to subsidise free apps, which can give developers access to additional revenue streams without negatively affecting users. Overall, the popularity of free apps illustrates how important affordability and accessibility are in the contemporary digital market.

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A company rents a building with a total of 60,000 square feet, which are evenly divided between two floors. The company allocates the rent for space on the first floor at twice the rate of space on the second floor. The total monthly rent for the building is $36,000. How much of the monthly rental expense should be allocated to a department that occupies 12,000 square feet on the second floor

Answers

Answer:

Cost allocated= $7,200

Explanation:

Giving the following information:

Total number of square feet= 60,000

Total estimated costs= $36,000

Department square feet= 12,000

First, we need to calculate the cost allocation for each square foot:

Cost allocation rate= 36,000 / 60,000= $0.6 per square foot

Now, we can allocate costs to the department:

Cost allocated= 0.6*12,000

Cost allocated= $7,200

A new machine requires an investment of $630,000 and will generate $100,000 in cash inflows for 7 years, at which time the salvage value of the machine will be $130,000. Using a discount rate of 10%, the net present value of the machine is $_________

Answers

Answer:

$-76,447.56

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.  

NPV can be calculated using a financial calculator  

Cash flow in Y0 = -630,000

Cash flow in Y1 - Y6 = 100,000

Cash flow in Y7 = 100,000 + 130,000

I = 10%

npv = $-76,447.56

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

Answer:

-76,510, (76,510)

Explanation:

A large cable company is the only provider of cable TV and Internet for a small community. As a result, consumers in the community who want either of these services must purchase from this company. In which of the following economic markets is the cable company operating?
a. Oligopoly
b. Monopolistic
c. Monopoly
d. Perfect

Answers

Answer:

b. Monopolistic

Explanation:

monopoly or monopolistic operation can be regarded as an operation that involves specific person or specific firm being the only supplier existing as the supplier of a particular commodity.

It can be regarded as economic market structure that give room to specific person as the only one suppling the particular good.

The cable company is operating in a monopolistic market. A monopoly or monopolistic operation can be defined as one in which a singular person or specific company serves as the only supplier of a given commodity. Thus, option B is correct.

It can be viewed as an economic market structure where a specific person is allowed to be the only supplier of a given good. Monopolistic marketplaces are those where a specific good or service is solely provided by one business.

A monopolistic market structure mimics the characteristics of a pure monopoly, in which a single business completely dominates the market and sets the supply and pricing of goods and services.

Therefore, option B is the ideal selection.

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he manufacturing overhead budget at Franklyn Corporation is based on budgeted direct labor-hours. The direct labor budget indicates that 3,600 direct labor-hours will be required in January. The variable overhead rate is $4 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $43,200 per month, which includes depreciation of $3,560. All other fixed manufacturing overhead costs represent current cash flows. The January cash disbursements for manufacturing overhead on the manufacturing overhead budget should be: Multiple Choice $54,040 $39,640 $14,400 $57,600

Answers

Answer:

$54,040

Explanation:

Calculation to determine what The January cash disbursements for manufacturing overhead on the manufacturing overhead budget should be:

Using this formula

Cash disbursements for manufacturing overhead= Variable + Fixed

Let plug in the formula

Cash disbursements for manufacturing overhead= (3600*4) + (43,200 - 3,560)

Cash disbursements for manufacturing overhead= $14,400 + $39,640

Cash disbursements for manufacturing overhead= $54,040

Therefore The January cash disbursements for manufacturing overhead on the manufacturing overhead budget should be:$54,040

A bicycle repair company conducted segmentation research and then targeted their direct mail coupons for a first bike tune-up to that identified customer segment. What basic question did targeting and segmentation answer for the company

Answers

Answer:

Who am I trying to reach?

Explanation:

Targeting and segmentation is the process by which a company focuses marketing activities regarding a particular product to a defined customer profile.

Certain criteria like income, age, location, culture and so on can be used as a basis for segmentation.

Basically the question that segmentation and targeting answers is - Who am I trying to reach?

In the given scenario the bicycle repair company conducted segmentation research and then targeted their direct mail coupons for a first bike tune-up to that identified customer segment.

So they answered who they want to sell to.

​(Perpetuities​) What is the present value of the​ following? a. A ​$ perpetuity discounted back to the present at percent b. A ​$ perpetuity discounted back to the present at percent c. A ​$ perpetuity discounted back to the present at percent d. A ​$ perpetuity discounted back to the present at percent

Answers

Answer:

The present value of a perpetuity is calculated as follows:

= Cashflow / Discount rate

a. Present value of $400 perpetuity discounted at 15%

= 400 / 0.15

= $2,666.67

b. Present value of $3,000 perpetuity discounted at 19%

= 3,000 / 0.19

= $15,789.47

c. Present value of $110 perpetuity discounted at 16%

= 110 / 16%

= $687.50

d. Present value of $60 perpetuity discounted at 12%

= 60 / 0.12

= $500

Fina Corp. had the following transactions during the quarter ended March 31, 2018: Payment of fire insurance premium for calendar year 2018 800,000 What amount should be included in Fina's income statement for the quarter ended March 31, 2018?

Answers

Answer:

$200,000

Explanation:

When a company prepays for  a service, the amount prepaid is recognized as an asset until the service is enjoyed (usually with the passing of time).

This is recorded as follows

Dr Prepaid expense

Cr Cash account

Being entries to recognize amount prepaid.

As the service is enjoyed,

Dr Expense

Cr Prepaid expense

Being entries to recognize expense incurred.

Since 800,00 was the amount prepaid for the calendar year 2018, by 31 March 2018, the amount used up (to be recognized as expense in the income statement) will be

3/12 * $800,000

= $200,000

Pattison Products, Inc., began operations in October and manufactured 40,000 units during the month with the following unit costs:
Direct materials $5.00
Direct labor 3.00
Variable overhead 1.50
Fixed overhead 7.00
Variable marketing cost 1.20
Fixed overhead per unit 1.20
Total fixed factory overhead is $280,000 per month. During October, 38,400 units were sold at a price of $24, and fixed marketing and administrative expenses were $130,500.
Required:
1. Calculate the cost of each unit using absorption costing.
2. How many units remain in ending inventory? What is the cost of ending inventory using absorption costing?
3. Prepare an absorption-costing income statement for Pattison Products, Inc., for the month of October.

Answers

Answer:

Following are the responses to the given question:

Explanation:

For question 1:

Calculating the cost per unit:

[tex]\text{Direct material}\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$5\\\\\text{Direct labor} \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$3\\\\\text{Variable overhead}\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$1.5\\\\\text{Fixed overhead}\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$7\\\\\text{Cost per unit}\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$16.5\\\\[/tex]

For question 2:

Calculating the ending inventory units:

[tex]= \text{Beginning inventory + units produced - ending inventory}\\\\= 0+40,000-38,400\\\\= 1600\ units\\\\[/tex]

Calculating the cost for the Ending inventory:

[tex]=1600\ units \times \$16.5\\\\=\$26,400\\\\[/tex]

For question 3:

Calculating the absorption costing for the income statement:

Particular                                             Amount

Sales [tex](38,400\times \$24)\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$921,600[/tex]

-COGS[tex](38,400\times \$16.5)\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$633,600[/tex]

Gross profit                                          [tex]\$288,000[/tex]

Cost of variable marketing  [tex](\$1.2\times 38,400)\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \$46,080[/tex]

marketing and administrative costs are fixed [tex]\$130,500[/tex]

Net income                                            [tex]\$111,420[/tex]

Lester hopes to earn $1100 in interest in 1.5 years time from $22,000 that he has available to invest. To decide if it's feasible to do this by investing in an account that compounds quarterly, he needs to determine the annual interest rate such an account would have to offer for him to meet his goal. What would the annual rate of interest have to be

Answers

Answer:

The answer is "3.27%"

Explanation:

[tex]P = \$ 22,000\\\\t = 1.5\\\\I= \$ 1,100\\\\A=P+I=\$22,000+1,100=\$ 23,100\\\\n = 4\\\\[/tex]

Using formula:

[tex]\bold{A=P(1+\frac{r}{n})^{nt}}\\\\[/tex]

[tex]23,100=22,000(1+\frac{r}{4})^{4\times 1.5}\\\\23,100=22,000(1+\frac{r}{4})^{6}\\\\\frac{23,100}{22,000}=(1+\frac{r}{4})^{6}\\\\1.05=(1+\frac{r}{4})^{6}\\\\1.05^{\frac{1}{6}}=(1+\frac{r}{4})\\\\1.008164846=(1+\frac{r}{4})\\\\1.008164846-1=\frac{r}{4}\\\\0.008164846=\frac{r}{4}\\\\r=0.008164846\times 4\\\\r=0.03266\\\\r=3.266\% \approx 3.27\%[/tex]

Mr. Hopper expects to retire in 25 years, and he wishes to accumulate $750,000 in his retirement fund by that time. If the interest rate is 10% per year, how much should Mr. Hopper put into his retirement fund each year in order to achieve this goal? (Assume that he will deposit the same amount each year into his retirement fund, beginning 1 year from today.)

Answers

Answer:

$7,626.05

Explanation:

Future value of annuity = PMT*[((1+r)^n - 1) / r]

$750,000 = PMT * [((1+0.10)^25 - 1) / 0.10]

$750,000 = PMT * [9.8347059/0.10]

$750,000 = PMT * 98.347059

PMT = $750,000/98.347059

PMT = $7626.05417616

PMT = $7,626.05

So, Mr. Hopper need to put $7,626.05 into his retirement fund each year in order to achieve the goal.

Exercise 8-22 Evaluating efficient use of assets LO A1 Lok Co. reports net sales of $5,856,480 for Year 2 and $8,679,690 for Year 3. End-of-year balances for total assets are Year 1, $1,686,000; Year 2, $1,800,000; and Year 3, $1,982,000. (1) Compute Lok's total asset turnover for Year 2 and Year 3.

Answers

Answer:

Total asset turnover = Net sales / Average total assets

Year 2:

= 5,856,480 / (1,686,000 + 1,800,000) / 2

= 5,856,480 / 1,743,000

= 3.36

Year 3:

= 8,679,690 / (1,800,000 + 1,982,000) / 2

= 8,679,690 / 1,891,000

= 4.59

what is a computer and its impact to society

Answers

Explanation:

computers have changed the way people relate to one another and their living environment as well as how humans organise their work and their time

Cumulative Preferred Dividends Capital stock of Barr Company includes: Common stock, $5 par, 650,000 shares outstanding $3,250,000 Preferred stock, 15% cumulative, $60 par, 10,000 shares outstanding 600,000 As of December 31, 2018, 2 years' dividends are in arrears on the preferred stock. During 2019, Barr plans to pay dividends that total $360,000. Required: 1. Determine the amount of dividends that will be paid to Barr's common and preferred stockholders in 2019. Total dividend to preferred stockholders $fill in the blank 1 Total dividend to common stockholders $fill in the blank 2 2. If Barr paid $280,000 of dividends, determine how much each group of stockholders would receive. Total dividend to preferred stockholders $fill in the blank 3 Total dividend to common stockholders $fill in the blank 4

Answers

Answer:

Barr Company

December 31, 2019:

Cumulative preferred dividends = $270,000

Common stock dividends =                90,000

Total dividends paid =                    $360,000

December 31, 2019:

Cumulative preferred dividends = $270,000

Common stock dividends =                10,000

Total dividends paid =                    $280,000

Explanation:

a) Data and Calculations:

Common stock, $5 par, 650,000 shares outstanding $3,250,000 Preferred stock, 15% cumulative, $60 par,

10,000 shares outstanding                                                600,000

December 31, 2018:

Cumulative preferred dividends = $180,000 ($600,000 * 15% * 2)

December 31, 2019:

Cumulative preferred dividends = $270,000 ($600,000 * 15% * 3)

Common stock dividends =                90,000 ($360,000 - $270,000)

Total dividends paid =                    $360,000

December 31, 2019:

Cumulative preferred dividends = $270,000

Common stock dividends =                10,000

Total dividends paid =                    $280,000


What is a market that runs most efficiently when one large firm supplies all of the output referred to as?
a government monopoly
a natural monopoly
a franchise
market power
(Gradpoint)

Answers

Answer:

a natural monopoly

Explanation:

A monopoly is a market structure which is typically characterized by a single-seller (one seller) who sells a unique product in the market by dominance. This ultimately implies that, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes.

A monopolist refers to any individual that deals with the sales of unique products in a monopolistic market.

On a related note, a natural monopoly is a market that runs most efficiently when all of the output is supplied by one large business firm. Thus, a business firm is considered to be a natural monopoly if it's capable of producing the total output of the market at a lower cost than two or more business firms could.

Some examples of natural monopoly are the United States Postal Service, electricity grid, water supply, gas network, sewer services, energy distributors, railway service, etc.

Kevin promises to pay Macarena, his daughter, $5,000 if she obtains her degree at Brookdale community College, where she is currently in her first year. Macarena graduates. If a Court refuses to enforce the agreement it would most likely be because:

Answers

Question Completion with Options:

A. Macarena finished college.

B. Obtaining a college degree benefits Macarena.

C. A job can be hard to find after college.

D. Macarena was already in college.

Answer:

If a Court refuses to enforce the agreement it would most likely be because:

D. Macarena was already in college.

Explanation:

Macarena was currently in her first year when the promise was made by her father.  This means that Macarena is not giving any consideration for the father's promise.  But, if she enters the college based on the promise and eventually graduates in the college, then the court will not likely refuse to enforce the agreement. Kevin's promise to pay Macarena $5,000 is not enforceable because of past consideration.

Consider the monopolistically competitive market structure, which has some features of a competitive market and some features of a monopoly.
Complete the following table by indicating if each attribute characterizes a competitive market, a monopolistically competitive market, both, or neither. Check all that apply.
Attributes Competitive Market Monopolistically Competitive Market
Few sellers
Free entry
Price is equal to marginal cost
Price equals average total cost in the long run

Answers

Answer:

The answer is below

Explanation:

Considering the available options, here are the attributes that characterize a competitive market, and a monopolistically competitive market.

A competitive market is characterized by Identical products and Price = MR, while Monopolistic competition is characterized by product differentiation and few sellers.

Hence, it can be written as:

Competitive markets

Product differentiation. No

Identical products Yes

Price=MR Yes

Few sellers No

Monopolistic competition

Product differentiation. Yes

Identical products No

Price=MR No

Few sellers Yes

What is the process of managing costs

Answers

Should be steps

Summarize the flow of physical units of output.
Compute output in terms of equivalent units.
Summarize total costs to account for and Compute equivalent unit costs.
Assign total costs to units completed and to units in ending work in process inventory.
split the function into four steps: resource planning, estimation, budgeting and control. They are mostly sequential, but it's possible that some resource changes happen midway through the project, forcing the budgets to be adjusted.

I hope this helps :)

Inga invested part of her $6000 savings in common stock and the rest in rare stamps. At the end of the year, she realized a gain of 9% on the stock and 12%on the stamps. If her savings now amounts to $6615, how much did she invest in stamps

Answers

Answer:

The amount Inga invested in stamps is $2,500.

Explanation:

Let x represents the amount invested in common stock. Therefore, we have:

Amount invested in common stock = x

Amount invested in stamps = 6000 - x

Rc = Rate of gain from common stock = 9%, or 0.09

Rs = Rate of gain from common stock = 12%, or 0.12

Amount of saving now = $6615

Therefore, we have

Amount of saving now = (x * (1 + Rc)) + ((6000 - x) * (1 + Rs)) ………….. (1)

Substituting all the relevant values into equation (1) and then solve for x, we have:

6615= (x * (1 + 0.09)) + ((6000 - x) * (1 + 0.12))

6615 = (x * 1.09) + ((6000 - x) * 1.12)

6615 = 1.09x + (6720 - 1.12x)

6615 = 1.09x + 6720 - 1.12x

6615 - 6720 = 1.09x - 1.12x

-105 = -0.03x

x = -105/-0.03

x = 3,500

Therefore, we have:

Amount invested in stamps = 6000 - x = $6,000 - $3,500 = $2,500

Therefore, the amount Inga invested in stamps is $2,500.

Broker Pat received an offer for a listing along with a $5,000 check from the buyer as an earnest money deposit. When the owner accepts the offer, Pat should handle the check in any of the following ways, except to:____.
a. deposit the check into Pat's brokerage account.
b. give the check to the owner of the property.
c. give the check to the escrow agent.
d. deposit the check in Pat's trust fund account.

Answers

Answer:

b. Give the check to the owner of the property.

Explanation:

Pat is a broker who has received an offer for a listing along with check. He can give the check to an escrow agent or deposit the check into pat's brokerage account. he cannot give check directly to the owner of the property.

he next dividend payment by Savitz, Inc., will be $5.05 per share. The dividends are anticipated to maintain a growth rate of 5 percent forever. If the stock currently sells for $43 per share, what is the required return

Answers

Answer:

16.74%

Explanation:

Current Price = Expected Dividend / (Required Return - Growth Rate)

Required Return = (Expected Dividend / Current Price) + Growth rate

Required Return = ($5.05 / $43) + 5%

Required Return = 0.1174419 + 0.05

Required Return = 0.1674419

Required Return = 16.74%

Several years ago, Alcoa was effectively the sole seller of aluminum because the firm owned nearly all of the aluminum ore reserves in the world. This market was not perfectly competitive because this situation violated the:

Answers

Answer:

price-taking assumption.

free entry assumption.

Explanation:

A perfectly competitive market is one in which different firms compete for consumers of their products. The characteristics of the perfectly competitive market are:

- products are nearly identical

- all the firms are price takers. That is they are not able to determine price independently

- buyer knowledge of information about products is perfect and available to all

- free entry and exit to the market

- resources are perfectly mobile

In the given scenario above two of these rules are not obeyed.

Alcoa was effectively the sole seller of aluminum because the firm owned nearly all of the aluminum ore reserves in the world.

So they determine the price ( they are not price takers)

Also since they own nearly all the aluminium reserves there is no free entry for new firms

Nissan has flexible agreements with its suppliers and transporters to accommodate unexpected surges in demand without disruptions in service or in customer satisfaction. This is an example of the _______ process.

Answers

Answer:

This question is incomplete, the options are missing. The options are the following:

a) Product development and commeercialization.

b) Supplier-relationship management.

c) manufacturing flow management.

d) Returns management.

The correct answer is the option B: Supplier-relationship management.

Explanation:

To begin with, in the business management field the concept known as "Supplier-relationship management" refers to the system used by the managers of a company with the purpose of improving the relationships specifically with the suppliers of it, therefore that it seeks for the better arrengements with them and how to develop better strategic ways of improving both parties benefits in their contracts. That is why that the SRM is focus on maximizing the value of the interactions between the company and its suppliers so therefore that the case presented by Nissan is related to the process of using an excellent SRM.

GDP data (billions of dollars)
Personal consumption expenditures $4,750
Exports 810
Government spending 1,400
Social Security taxes 600
Depreciation 450
Indirect business taxes 550
Imports 850
Gross private domestic investment 900
Corporate income taxes 200
Personal taxes 800
Corporate profits 50
Transfer payments 700
Personal income (PI) is:____.
a. $9,210 billion.
b. $8,510 billion.
c. $6,560 billion.
d. $6,610 billion.
e. $10,910 billion.

Answers

Answer:

d. $6,610 billion.

Explanation:

Gross Domestic Product  = C + I + G + X - M

Gross Domestic Product = Personal Consumption Expenditures + Gross Private Domestic Investment + Government Spending + Exports - Imports

Gross Domestic Product = $4,750 + $900 + $1,400 + $810 - $850

Gross Domestic Product = $7,010

Net Domestic Product  = GDP - Depreciation

Net Domestic Product = $7,010 - $450

Net Domestic Product = $6,560

National Income = $6,560

Personal Income = National Income + Transfer Payments - Social Security Taxes - Corporate Profits

Personal Income = $6,560 + $700 - $600 - $50

Personal Income = $6,610 billion

Flapjack Corporation had 7,736 actual direct labor hours at an actual rate of $12.10 per hour. Original production had been budgeted for 1,100 units, but only 961 units were actually produced. Labor standards were 7.8 hours per completed unit at a standard rate of $13.21 per hour. The direct labor rate variance is:______.

Answers

Answer: $8,586.96 Favorable

Explanation:

Direct Labor Rate Variance = Actual Cost - Standard Cost of Actual Hours

Actual cost = Actual direct labor hours * Actual rate

= 7,736 * 12.10

= $93,605.60

Standard cost of actual hours = Actual hours * Standard cost

= 7,736 * 13.21

= $102,192.56

Direct labor rate variance:

= 93,605.60 - 102,192.56

= $8,586.96 Favorable

Favorable because actual cost was less than the budgeted standard cost.

Fore Farms reported a pretax operating loss of $137 million for financial reporting purposes in 2021. Contributing to the loss were (a) a penalty of $5 million assessed by the Environmental Protection Agency for violation of a federal law and paid in 2021 and (b) an estimated loss of $12 million from accruing a loss contingency. The loss will be tax deductible when paid in 2022. The enacted tax rate is 25%. There were no tem

Answers

Answer: Hello your question is incomplete attached below is the complete question

answer:

1) attached below

2) Net operating income ( loss )  = - $104 million

Explanation:

Pretax operating loss = - $137 million

Non deductible Losses ; $5 million fine paid in 2021 ,

estimated $12 million loss from contingency that will be tax deductible in 2022

Enacted tax rate = 25%

Taxable operating income = - $120 million

attached below is the solution

5. For the following observations, calculate the class width for a histogram.
4
8
14
10
12
9
15
17
10
6
8
11

Answers

Answer:

See Explanation

Explanation:

Given

The histogram

Required

The class width

The question is poorly formatted, as the histogram cannot be read. So, I will answer your question with the attached histogram

The class width is:

[tex]Width = Upper - Lower\ Limits[/tex]

Using the first class, as reference:

[tex]Lower\ Limits = 1[/tex]

[tex]Upper\ Limits = 4[/tex]

So, the class width is:

[tex]Width = 4 -1[/tex]

[tex]Width = 3[/tex]

The University of Central Florida has a typical College of Business which houses several specific mini-departments such as management, marketing, finance, accounting, economics, and real estate. This College of Business best resembles a(n) ________ structure.

Answers

Answer:

functional

Explanation:

It is correct to say that the College of Business is better similar to a functional structure, which is a type of organizational structure where there is an organization of resources by departments, where there are employees with similar knowledge and specializations, the division of work occurs by function.

In this type of structure, there is the possibility of work specialization, where there is an appreciation of the exchange of knowledge and experiences of the work function, greater development of managers, greater standardization of work and processes.

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