whenever possible, most firms should attempt to compete primarily on the basis of price. this statement is False.
Which pricing strategy may be described as having just the appropriate amount of discounts?The Goldilocks of pricing tactics is competitor-based pricing. It is predicated that anxious business owners seek to their rivals for a benchmark pricing that is "just right" in order to price their goods or services neither too low nor too high. The approach provides some guarantee, much like cost-plus pricing.
They feel that boosting sales will benefit the company more than growing profits when determining prices. Premium pricing refers to intentionally pricing a product higher than the prices established for competing products in order to attract clients who are price-sensitive or who always look for the greatest deals.
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if you need your employees to take inventory and restock the store with the new inventory, what type of leadership style would be most appropriate? transformational leadership charismatic leadership transactional leadership
Authoritative Leadership
What is the best type of leadership style?Leadership that is transformative charismatic management transactional management
Authoritarian Management. The authoritative leader understands the purpose, is confident in achieving it, and enables team members to take leadership in the same way she does. The authoritative leader drives strategy with vision and inspires team members to use their abilities to develop as leaders themselves.
Transformational leadership is recognized as one of the most effective leadership approaches for motivating others to succeed. They do this by recognizing individual team members’ talents and shortcomings and understanding that each person works within their capacities.Transformational leaders excel in culture building, intellectual stimulation and individual support, modeling positive behaviors, vision-creation, and holding staff to high performance standards.
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a building receives $100,000 in rental income in a year. the unoccupied units would bring in an additional $40,000 if they were occupied. what is the potential gross income of the building?
Building earns $100,000 in rental income per year. An unmanned unit, if manned, would cost $40,000 more. Total potential gross income of building would be $140,000 [income received + potential income = $100,000 + $40,000 = $140,000]
What does gross income mean?An individual's gross income is the amount of money earned before any deductions or taxes are deducted. Gross income includes wages, dividends, capital gains, business income, pension payments, and other income. Income adjustments include items such as faculty and staff expenses, interest on student loans, child support payments, and contributions to retirement accounts.
What is Net Income and Gross Income?Gross Income is what an employee earns before taxes, benefits, and other payroll deductions are deducted from their salary. The amount remaining after all withholding taxes have been deducted is Net Income
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The potential gross income of the building is $140,000.
What is gross income?Gross income refers to the total amount of income earned before any deductions or taxes are taken out. It is often used as a measure of financial performance and is the starting point for calculating net income. Gross income can come from a variety of sources such as wages, salaries, commission, rental income, interest, dividends, and capital gains. For an individual, gross income typically includes all forms of earned income, such as wages and salaries, as well as unearned income, such as interest and dividends. For a business, gross income includes all revenues generated by the company, such as sales and rental income. It's important to understand that gross income doesn't take into account any expenses or taxes, it's the total money earned before any deduction.
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At the end of the fiscal year, the balance in Factory Overhead is small. The balance will be Oa transferred to Finished Goods Ob. transferred to cost of Goods Sold Oc. transferred to Work in Process Od. allocated between Work in Process and Finished Goods
At the end of the fiscal year, the balance in Factory Overhead is small. The balance will be allocated between Work in Process and Finished Goods.
What is fiscal year?Government accounting, which differs between nations, and budgeting employ a fiscal year. Additionally, it is employed by companies and other organisations for financial reporting. Fiscal years and financial years are interchangeable. They are referring to the twelve-month window for filing financial statements. A 12-month period starting on January 1 and ending on December 31 is known as a calendar year. 12 consecutive months that conclude on the final day of any month, excluding December, constitute a fiscal year. A fiscal tax year that is 52 to 53 weeks long but does not necessarily end on the final day of a month is known as a 52-53 week tax year.
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productivity: multiple select question. is especially important for businesses that use a quality-based strategy. measures the effective use of resources. measures output relative to input.
Operations strategy is particularly important in this regard. Productivity relates to the effective use of resources, and it has a direct impact on competitiveness.
What is quality based strategy?When businesses want to improve their reputation in the marketplace, quality-based tactics are frequently employed. The core of these programmes is improving their product design and reducing faults. Programs like Six Sigma, and Total Quality Management are frequently used by businesses. Improved delivery for your clients. Customers directly profit when you produce your items better and better. A key competitive advantage that will give you the edge in the market is keeping your customers satisfied because they are more likely to return and recommend your company to others. When businesses want to improve their reputation in the marketplace, quality-based tactics are frequently employed.To learn more about quality based refer to:
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bill matthews is investing $11,600 in the washington mutual fund. the fund charges a 5.75 percent commission when shares are purchased. calculate the amount of commission bill must pay.
Answer:
Explanation:
The amount of commission Bill must pay is $668.00. This is calculated by multiplying the amount invested ($11,600) by the commission rate (5.75%) to get the commission amount ($668.00).
at what price or prices would the school collect $0 revenue from raffle sales? explain or show your reasoning.
At $0 and $ 40 the school collect $0 revenue from raffle sales from selling raffle tickets at p dollars each.
given data:
The expressions are p(200-5p)and 200p-5p2.
the revenue will be R(p) = p(200 - 5p).
let R(p) = 0.
So, p(200 - 5p) = 0
p = 0 or 200 - 5p = 0
p = 0 or 200 = 5p
p = 0 or p = 200/5 = 40
Revenue is the money made from regular business operations and is determined by multiplying the average sales price by the quantity of units sold. In order to calculate net income, costs must be deducted from the top line (or gross income) figure. On the income statement, revenue is also known as sales. The money earned from regular company activities is known as revenue, sometimes known as sales or the top line. Operating expenditures minus revenue equals operating income.
Non-operating revenue is sporadic or irregular money that comes from other sources. Governments, charities, and other non-profit organisations, as well as private persons, all record revenue, albeit the methods and sources used vary. Revenue just includes the revenues from sales; income and profit also include the costs incurred in order to produce revenue and disclose net earnings.
the complete question will be:
The expressions p(200-5p)and 200p-5p2define the same function. The function models the revenue a school would earn from selling raffle tickets at p dollars each.
At what price or prices would the school collect $0 revenue from raffle sales? Explain or show your reasoning.
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butterfly corp. manufactures products m1 and m2 from a joint process, which also yields a by-product, b1. butterfly accounts for the revenues from its by-product sales as other income. additional information follows: m1 m2 b1 total units produced 22,500 13,500 9,000 45,000 allocated joint costs ? ? ? $ 400,000 sales value at split-off $ 420,000 $ 280,000 $ 100,000 $ 800,000 required: assuming that joint product costs are allocated using the net realizable value at split-off approach, what was the joint cost allocated to product m1? (do not round intermediate calculations.)
M1 allocated joint cost=M1 net realizable value/total realizable value*total joint costs.
M1 net realizable value is 420,000 $
total realizable value is 800,000 $
total joint cost is $ 400,000
M1 allocated joint cost= 4,20,000/8,00,000*4,00,000
M1 allocated joint cost= 2,10,000 $ is the answer.
How do sales operate?A sale is an agreement that includes, among other things, the exchange of products or services for cash. A sale, then, is any action that involves giving the buyer ownership of a good or service in exchange for cash.
What does a salesperson do exactly?A sales representative, in the simplest terms, promotes the reputation of a firm and offers its products or services. They manage customer relationships and serve as the primary point of contact from the moment a lead is solicited until a transaction is completed.
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under variable costing, which of the following costs would be included in finished goods inventory?
a. neither variable nor fixed factory overhead cost
b. both variable and fixed factory overhead cost
c. only variable factory overhead cost
d. only fixed factory overhead cost
Under variable costing, c) only variable factory overhead cost would be included in finished goods inventory.
Under variable costing, only variable factory overhead costs are included in the calculation of the finished goods inventory.
This means that only costs that fluctuate depending on production volume are included, such as direct labor, direct materials, and certain variable overhead costs. T
hese costs are treated as expenses in the period they are incurred, rather than being capitalized into inventory. Variable costing can be more useful to management than absorption costing in decision-making, since it provides a clearer indication of profitability.
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how do customer expectations (represented by circles) change over time through movement on the perceptual map?
Your clients will come to demand smaller, quicker products over time. As a result, the segments shift or veer a little each month. The positions of the circles drastically shift over time.
What is called segment?
any of the sections or divisions into which something is naturally or artificially divided. 2.: a portion of a geometric figure that is divided by a line. especially: the region of a circle that is bounded by an arc and a chord. A market segment's typical attributes include its hobbies, way of life, age, gender, etc. Geographical, demographic, psychographic, and behavioural market segmentation are typical examples.A line segment in geometry has two different points on it that define its boundaries. A line segment is sometimes referred to as a section of a line that links two places.
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imc inc. presents following data. assets: 2015 2014 cash $ 200,000 $ 170,000 accounts receivable 864,000 700,000 inventories 2,000,000 1,400,000 total current assets $3,064,000 $2,270,000 net fixed assets 6,000,000 5,600,000 total assets $9,064,000 $7,870,000 liabilities and equity: accounts payable $1,400,000 $1,090,000 notes payable 1,600,000 1,800,000 total current liabilities $3,000,000 $2,890,000 long-term debt 2,400,000 2,400,000 common stock 3,000,000 2,000,000 retained earnings 664,000 580,000 total common equity $3,664,000 $2,580,000 total liabilities and equity $9,064,000 $7,870,000 imc inc. has never paid a dividend on its common stock, and it issued $2,400,000 of 10-year non-callable, long-term debt in 2014. as of the end of 2015, none of the principal on this debt had been repaid. assume that the company's sales in 2014 and 2015 were the same. question: imc inc. increased its short-term bank debt in 2015. true or false? group of answer choices true false
The given statement Imc inc. increased its short-term bank debt in 2015 is false.
What is short-term bank debt?Short-term debt is a form of financing that typically has a repayment period of less than one year. It can be structured in various ways, such as lines of credit, revolving credit, loans, and other forms of borrowing. Short-term debt is often used to finance working capital needs, such as payroll, inventory, and other operating expenses. Additionally, short-term debt can be used to finance capital expenditures or to bridge the gap between cash inflows and outflows. Short-term debt can be beneficial since it typically requires less capital up front, and it has a shorter repayment period than long-term debt. It also can be more expensive since it carries higher interest rates and is subject to more frequent repayment cycles.
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Liam’s granny has set up a small library for local senior citizens. Liam has taught her how to save the client information in the computer. He now has to teach her to password protect the information. The password has to be easy so that his granny does not forget it, considering her age. However, it has to be strong enough so that no one easily deciphers it. What might be the best password for Liam’s granny?
A.
the year when granny and grandpa first met
B.
granny’s first name
C.
granny’s childhood nickname
D.
granny’s place of birth
Answer:
A
Explanation:
This would be really hard for someone who is not in the family to guess. To someone not in the family it is a really random year because who would know the year they met, almost no one. That is why this is a good answer.
How should oil companies react if oil prices rise to the $90 to $100 per barrel level? Explain your reasoning
Answer:
Explanation:
Oil price increases are generally thought to increase inflation and reduce economic growth. In terms of inflation, oil prices directly affect the prices of goods made with petroleum products. As mentioned above, oil prices indirectly affect costs such as transportation, manufacturing, and heating.
At December 31, 2017, Hawke Company reports the following results for its calendar year.Cash sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,905,000Credit sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,682,000In addition, its unadjusted trial balance includes the following items.Accounts receivable . . . . . . . . . . . . . . . . . . . . . . . $1,270,100 debitAllowance for doubtful accounts . . . . . . . . . . . . . 16,580 debit1. Prepare the adjusting entry for this company to recognize bad debts under each of the following independent assumptions.a. Bad debts are estimated to be 1.5% of credit sales.b. Bad debts are estimated to be 1% of total sales.c. An aging analysis estimates that 5% of year-end accounts receivable are uncollectible2. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31, 2017, balance sheet given the facts in part 1a3. Show how Accounts Receivable and the Allowance for Doubtful Accounts appear on its December 31, 2017, balance sheet given the facts in part 1c.The adjusting entry passed to recognize bad debts is passed by debiting the bad debt expense and crediting the allowance for doubtful accounts.The balance of $1,204,450 is shown in accounts receivable in current assets after deducting the allowance for doubtful accounts.The balance of $1,206,595 is shown in accounts receivable in current assets after deducting the allowance for doubtful accounts.
An allowance for doubtful accounts is considered a “contra asset,” because it reduces the amount of an asset, in this case the accounts receivable.
Can you deduct allowance for doubtful accounts?The recognition of an allowance for doubtful accounts for financial statements reporting generally is not deductible for tax purposes. The allowance, sometimes called a bad debt reserve, represents management's estimate of the amount of accounts receivable that will not be paid by customers.The allowance for doubtful accounts is a reduction of the total amount of accounts receivable appearing on a company's balance sheet, and is listed as a deduction immediately below the accounts receivable line item. This deduction is classified as a contra asset account.When you create an allowance for doubtful accounts, you must record the amount on your business balance sheet. If the doubtful debt turns into a bad debt, record it as an expense on your income statement.To learn more about doubtful refer to:
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given a takt time of 0.45 minute(s) and net daily production of 440 minutes, what is the maximum daily demand that can be satisfied using this production process? (
When the client demand is 520 units per day, the takt time will be 52753.8 seconds for a daily working shift of 10 hours with a 48-minute lunch break.
The German word "takt" is used to describe the words "clock," "bar," or "beat" (in music), "conductor's baton," and "metronome." In lean manufacturing, the average customer demand time for an item is referred to as Takt time. This explains how long the production process typically takes to complete. The measurement unit is "seconds per unit." Costs and inefficiencies associated with anticipating demand include: Obtaining and holding onto completed items and hasty procurement of raw materials. untimely wage payment. the cost of missed opportunities to produce other goods Purchasing excess capacity is expensive. When the client demand is 520 units per day, the takt time will be 52753.8 seconds for a daily working shift of 10 hours with a 48-minute lunch break.
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the goal of all individuals, for an econ point of view, is to maximize utility. we are trying to get all we can with the limited resources we have while at the same time attaining the greatest degree of satisfaction / pleasure from consuming an item or service. the utility maximizing rule is thus:
The law of diminishing marginal utility states that as more of the good is consumed, the additional satisfaction from a subsequent bite will eventually diminish. The marginal benefit comes from the satisfaction gained from each additional bite.
How does marginal utility work?The additional pleasure or benefit (utility) that a consumer receives by purchasing an additional unit of a product or service is referred to as "marginal utility" in economics.
In economics, the rule of thumb is that marginal utility is equal to the change in total utility divided by the change in the number of goods. The formula is as follows: The difference between the total utility and the number of goods is the marginal utility. the total happiness that consumer experiences when using a product, regardless of the level of consumption. The variation in a consumer's total utility when they consume an additional unit of a product is the marginal value. law of diminishing value for marginal utility
A marginal product is the additional product produced when an additional unit of input is added. To put it another way, the change in production output brought about by a change in production input is the marginal product.
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you are managing a mission critical project for your organization. a seller was sourced to provide a high load winch system. you leased a winch that is rated at 1,000 pounds for the project. you are satisfied with the work and product that the seller has provided and would like to use their services in the future. how might this information be documented?
The information can be documented in a project report, including a section on vendor performance, which states that the seller provided a high-load winch system that met the project's needs and that the organization plans to use its services again in the future.
Create a project report: A project report is a document that details the progress, results, and outcomes of a project. It should include a section on vendor performance that specifically notes the performance of the seller who provided the high-load winch system.
Complete a vendor feedback form: A vendor feedback form is a document that allows the organization to rate the vendor's performance in different areas.
This form can be completed by the project manager or other team members who worked with the vendor. The form should include areas such as product quality, delivery time, and customer service.
Include vendor feedback in the project report: The information from the vendor feedback form should be included in the project report's vendor performance section. This will provide a comprehensive view of the vendor's performance and will be useful for future reference and decision-making.
Store the project report and vendor feedback form in a secure location: The project report and vendor feedback form should be stored in a secure location, such as a shared drive, where they can be easily accessed by the organization in the future.
Use the information for future decision-making: The information from the project report and vendor feedback form can be used to make decisions on whether to use the seller's services again in the future. This will help the organization select the best vendors for future projects.
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D etermine the cash paid to the investor for the following bond issuance: 2,000,000 (2 millions $) face value semi-annual bond 10 years Stated rate= 6% per year Market rate=8.5% per year O $120,000 O $161,000 O $60,000 O $80,500
Cash paid to the investor for the following bond issuance will be c) $60,000.
A bond is a type of debt security, much like an IOU. In order to raise money from investors who are ready to provide a loan to them for a specific period of time, borrowers issue bonds. Purchasing a bond entails lending money to the issuer, which could be a corporate, government, or local authority.
Governments and businesses can raise money from investors by selling bonds, a sort of asset. Selling bonds is consequently a means of borrowing money from the seller. From the standpoint of the buyer, purchasing bonds is an investment because it rights the buyer to a stream of interest payments as well as a guarantee of principal repayment.
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gap inc. ended its relationship with 23 foreign production facilities due to code violations. several closings occurred because of the use of child labor. in response to these events, gap inc. created a large team whose purpose is to travel worldwide to ensure compliance with its code of vendor conduct. this is an example of
Gap Inc. formed a sizable team in reaction to these occurrences with the mission of traveling all over the world to verify that its code of vendor behavior is being followed. this serves as an illustration of social responsibility.
What is meant by the phrase "social responsibility"?
Each person is responsible for carrying out their civic duties, and their deeds must benefit society as a whole, according to the ethical principle of social responsibility. In this way, a balance must be struck between economic progress and the welfare of society and the environment.
What are the benefits of social responsibility? It is what?
Accountability of an organization for how its decisions and actions affect people, the environment, and other stakeholders through transparency and moral conduct that: Advances social welfare and sustainable development, including health.
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carefree, inc. has 20,000 shares issued and outstanding. on august 1, the board authorizes a 20% stock dividend. this is considered a (large/small)
Carefree, Inc. has 20,000 shares issued and outstanding. On August 1, the board authorised a 20% stock dividend. This is considered a small stock dividend.
A stock dividend is considered small if the shares issued are less than 25% of the total value of shares outstanding before the dividend. A journal entry for a small stock dividend transfers the market value of the issued shares from retained earnings to paid-in capital.
Stock dividends are common in corporate structures where the company doesn’t have enough cash or cash flow to pay investors. Instead of issuing cash dividends, the board of directors declares a stock dividend to keep investors happy. This way investors still get a return on their investment and the corporation doesn’t have to deplete its cash position. These dividends are also common in mergers and corporate restructuring deals.
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-------------------- correct question format is given below ------------------
(Que). Carefree, Inc. has 20,000 shares issued and outstanding. On August 1, the board authorised a 20% stock dividend. This is considered a (large/small) ____ stock dividend
what is the marginal product of the first worker? the second worker? the third worker? why does marginal product decline as the number of workers increases?
The total production when the business hires one person will be subtracted from the entire output when the employees and ensuring no employees in order to determine the surplus value of the first worker.
What is indicated by the phrase "marginal product"?The marginal revenue product of the source is the gaining greater that results from adding one item of a feedback this instance, labor—to the present combination of active components.
In economics, and notably neoclassical economics, the marginal revenue product or marginal value profitability of a feedback (factor of production) is the alteration in output that happens when utilising one more unit of a given input (for instance, the output shift when a firm's labor is risen from five to six units).
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when consumers agree with the environmental stance a company takes, they are demonstrating [blank] . which answer best fills in the blank to complete the sentence?
When consumers agree with the environmental stance a company takes, they are demonstrating consumer acceptance.
What is a value proposition?A company's use of a business or marketing statement to succinctly explain why a customer should purchase a good or use a service. the method by which you forge a distinctive impression of a good or service in the mind of the customer.
It explains how the good or service outperforms rival goods and services. The value proposition provides an explanation for why a customer should hire or purchase from a company. As a result, the value proposition becomes an important factor in determining strategy.
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josh collins plans to buy a house for $210,000. if that real estate is expected to increase in value by 3 percent each year, what will its approximate value be six years from now?
The approximate value of the house six years from now will be $=1297800
What will be the value of the house in 6 years?When the value of an asset increases with the passage of time, it is referred to as appreciation.
The formula for calculating future value with annual growth is:
FV = P (1 + r)^n
Where:
FV = Future valueP = Present valueR = interest rateN = number of years$210,000(1 + 0.03)^6
$210,000 (1.03^6) = $=1297800
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a local city government of a big ten college town wants to know how the citizens feel about installing bike paths within the city. they have a limited budget, however, and will be voting on the proposal of installing bike paths at next month's city council meeting. given the situation, the city government should:
The website of a company that sells schools and instructors with reading curriculums. A U.S. Ministry of Education study demonstrating the success of an after-school reading comprehension.
What does the term "company" imply?A corporation is a legal body set up by a group of people to conduct and oversee a business venture, whether it be industrial or industrial. Depending on the corporations act of its country, a corporation may be established up in a variety of ways for tax or financial responsibility reasons.
What sort of business is it?The Companies Act defines a company as a form of commercial entity. It has a distinct identity from the people who are its participants or who run it legally.
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which of the following statements about ethical product/service design is not true? multiple choice question. customers should receive the value they expect. the pressure to reduce costs can have ethical implications. if a quality problem is not evident to the customer, it need not be taken care of. health and safety of employees and customers should be a primary concern.
Correct answer is C. if a quality problem is not evident to the customer, it need not be taken care of.
Services can't be inventoried. Service layout regularly focuses greater on intangible elements then does product design
Which of the following are now not section of the activities and responsibilities of product and carrier graph quizlet?Developing organizational strategy is not phase of the things to do and responsibilities of product and carrier design.
Which of the following is now not a factor reason for product or service design?Which of the following is no longer a reason for redesigning a product or service? A product or service redecorate does not always involve improving worker satisfaction
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https://brainly.com/question/1826222#SPJ4as a project manager for a project that your company has undertaken, you are responsible for determining project costs. early in the project, you develop an estimate that has an accuracy range of 50 percent. which type of estimate are you developing?
In the given situation we are developing a (C) rough order of magnitude estimate.
What is a magnitude estimate?
A generic estimation of the scope and cost of a project is known as an order of magnitude estimate.
It normally takes place when a project is in the selection and approval phase.
It's typically used to estimate a project budget with little or no detail.
Ballpark, budgeted, and final estimates are the three sorts of estimates that can be used to communicate costs to clients.
You are provided with an extremely top-level overview of the anticipated project costs using an approximate order of magnitude estimate.
The ideal scenario would be for you to be able to offer a precise estimate that was meticulously crafted with a ton of input from subject matter experts and extensive research on previous projects and their budgets.
Therefore, in the given situation we are developing a (C) rough order of magnitude estimate.
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Correct question:
As a project manager for a project that your company has undertaken, you are responsible for determining project costs. Early in the project, you develop an estimate that has an accuracy range of 50 percent. Which type of estimate are you developing?
Answers
A. Preliminary estimate
B. Conceptual estimate
C. Rough order of magnitude estimate
D. Definitive estimate
what percentage of profit would the seller make if she paid $25,000 for a vacant lot, built a home on the lot that cost $165,500, and then sold the property for $210,080 (round your answer to the nearest percentage)?
According to the solving the seller makes percentage of profit is about 10%.
How can I figure out my profit margin?By deducting the cost of goods sold (COGS) from total sales and dividing the result by total revenue, you can quickly calculate a firm's profit margin.
What exactly does "profit margin" mean?Your profit margin will decide how profitable your business is. It is expressed as a percentage and assesses how much of every dollar for services of sales your business keeps for itself. The outcome is the profit margin, which is calculated by subtracting the business's net income from its total sales or revenue.
According to the given information:25,000+165,500
= 190,500190,500 - 210,080
= 19,580210,080 / 19,580
= 10.72
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Industries uses job costing to calculate the costs of its jobs with direct labor cost as its manufacturing overhead allocation base.
Miskimen estimates cost that next year's overheads will be $364,000. Also, he was projected to work 28,000 hours of direct work per year.
To calculate the estimated manufacturing overhead rate, you should use the following formula:
Estimated Manufacturing Burden Rate = Estimated Total Overhead Cost for Period / Total Allocation Basis Amount
Estimated manufacturing overhead rate = 364,000/28,000 = $13 per direct labor hour
Job 371 = 110 direct working hours
Allocation MOH = Estimated manufacturing overhead rate* Actual allocation base amount
Miskimen pays its employees directly an average of $26 per hour worked.
Job 371: Direct Materials = $15,500
use and 110 direct working hours
Total Cost = Direct Materials + Direct Labor + Allocated Overhead
TC = 15,500 + 110 * $26 + 1,430 = $19,790
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The complete question is:
Miskimen Industries uses job costing to calculate the costs of its jobs with direct labor cost as its manufacturing overhead allocation base. The company manufactures a variety of engines for use in farm equipment. At the beginning of the current year, Miskimen estimated that its overhead for the coming year will be $364,000. It also anticipated using 28,000 direct labor hours for the year. Miskimen pays its employees an average of $26 per direct labor hour. Miskimen just finished Job 371, which consisted of two engines for a farm equipment manufacturer. The costs and hours for this job consisted of $15,500 in direct materials used and 110 direct labor hours.
Requirements
1. What is Miskimen's predetermined manufacturing overhead rate based on direct labor cost?
2. Calculate the manufacturing overhead to be allocated based on direct labor costs to Job 371.
3. What is the total cost of Job 371?
In this lesson, we looked at the various taxes that individuals have to pay.In three to four sentences, explain how taxes influence consumer decisions and buying power.Taxes may seem inconvent but they are very benificail to our society.Income taxes reduce the amount of money that an employed individual brings home. This causes individuals to have less disposable income to spend. Additionally, when taxes are applied to goods that consumers purchase, they are spending more for individual items. This means that many consumers must weigh their opportunity costs and decide between items to purchase.What stance did you take in your argument? Check all that apply.- Taxes reduce individuals' net income- Sales taxes reduce many consumers' buying power
Tax benefits are tax laws that lessen your tax burden if you meet certain requirements. Deductions, exclusions, and credits are some tax benefits. Your savings depend on how many tax benefits you claim.
One of the most prevalent tax breaks is the deduction. Your taxable income will be decreased by the number of your deductions. Your taxable income will be reduced by the amount of the deduction to which you are entitled.
Tuition and fees, medical bills, charitable donations, and state income taxes are frequently deducted from federal tax returns. Another perk of deductions is that they have the greatest impact on the income tax brackets with the highest marginal rates.
The greatest tax benefit comes from income that is excluded from taxation because it is never reported or, if it is, is deducted in another way. Certain forms of income can be excluded from taxes by law.
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growth of the supply chain management perspective in operations management results from the advent of:
The growth of the supply chain management perspective in operations management has been propelled by the emergence of new technologies and processes.
By utilizing automation, data analytics, and digital platforms, supply chain managers can now track and manage their operations more effectively and efficiently.
This has allowed them to optimize resources, reduce costs, and improve customer satisfaction.
Additionally, the use of artificial intelligence has enabled supply chain managers to gain more accurate insights into the data that drives their operations, ultimately leading to better decision making and improved performance.
The emergence of these new technologies and processes has revolutionized the way that supply chain managers operate, and has enabled them to become a powerful force in operations management.
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you are a project manager for a large construction company. your company has an established contract with a local building supply company for the majority of the materials that you use on your projects. your senior management has assigned you to a fairly aggressive project and has signed off on the project charter. your first task is to begin identifying potential stakeholders for this project. which activity should you perform?
You are a project manager for a large construction company. Your first task is to begin identifying potential stakeholders for this project. Organize meeting activity should you perform.
What is the significance of meeting planning?Meetings help people share ideas, make decisions, build team relationships, and even feel less alone at work by providing a valuable forum for a variety of functions.
What does organizing accomplish?The various departments of the organization can better coordinate and communicate with one another by organizing. Through structural relationships, various positions and jobs are connected to one another. It specifies the communication channel and method for each member.
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