Independent contractors are self-employed individuals or businesses that provide services to other companies or organizations on a contract basis.
Who are Independent contractors ?They are not considered employees of the company they are providing services to and are not entitled to the same benefits and protections as regular employees. Independent contractors are responsible for their own taxes, insurance, and other business expenses. They typically have more control over their work schedule and methods, and are paid on a project or task basis rather than receiving a regular salary or hourly wage. They usually have their own equipment and tools to perform their work. They have the ability to work with multiple clients and are not bound to work exclusively for one company.
According to question:-
a. When using independent contractors, firms must be prepared to relinquish most of their control over how work is done because independent contractors are considered self-employed and are responsible for their own work methods and schedule.
b. Firms should closely review the status of long-term independent contractors and not assign new projects to them without renewing agreements because the more control a firm has over a worker, the more likely it is that the worker is considered an employee rather than an independent contractor.
c. Independent contractor agreements should be used, but only when they document actual independent contractor relationships because misclassifying employees as independent contractors can lead to legal and financial penalties for the firm.
d. Be particularly cautious about changing the status of workers from employees to contingent workers or having workers with different statuses perform the same work for long periods of time because it can be seen as an attempt to avoid providing employee benefits and can lead to legal issues.
e. Client companies should refrain from closely supervising agency temporary workers or selecting individual temp workers for hiring or firing because it can be seen as an attempt to control the worker, which can make the worker considered an employee rather than a temporary worker, and can lead to legal issues.
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At December 31, Folgeys Coffee Company reports the following results for its calendar year.
Cash sales $ 903,000
Credit sales 303,000
Its year-end unadjusted trial balance includes the following items.
Accounts receivable $ 128,000 debit
Allowance for doubtful accounts 5,300 debit
Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 6% of credit sales, (2) 4% of total sales and (3) 9% of year-end accounts receivable.
When a customer's inability to pay a past-due debt owing to bankruptcy or other financial issues prevents them from doing so, the receivable is no longer recoverable, and this results in a bad debt expenditure being recorded.
What is bad debt expense?A) 9,000 debits for bad debts
Allowance for a speculative account credit of 9,000
to document a cost for bad debt —-
B)
9,000 debits for bad debts
Allowance for a speculative account credit of 9,000
to document a cost for bad debt —-
C)
Negative 12,500 debit for bad debt
Allowance for a speculative account 1,250 credit
to document a cost for bad debt —-
Explanation:
1.3% of credit sales
300,000 x 3% = 9,000
entire worth
c) 1% overall sales
900,000 x 1% = 9,000
c)
125,000 x 6% = 7,500
We alter to maintain the year-end allowance at this amount.
allowance
Inputs: debit, credit
5,000
XXXX
7,500
The allowance will be worth 7,500 plus 5,000, or 12,500.
The complete question is:
At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales $ 900,000 Credit sales 300,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable $ 125,000 debit Allowance for doubtful accounts 5,000 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (a) 3% of credit sales, (b) 1% of total sales and (c) 6% of year-end accounts receivable.
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suppose that there are two goods, x and y, that are competing for dominance in a market with network externalities. furthermore, suppose that the market has chosen good x even though it is inferior to good y and that the net benefits of switching from x to y are $20 while the costs of switching are $30. if the market stays with good x, then has occurred. if the costs of switching were to fall to $15 and the market still stays with good x then . group of answer choices no market failure; there will still be no market failure. market failure; no market failure has occurred. market failure; there will still be market failure. no market failure; market failure has occurred.
When two markets offer identical goods at the same price, but when the... Assume that each of good X and good Y is only purchased once by each customer. The items.
Give an illustration of what a good is.
Services are tasks carried out for the benefit of the recipients, whereas goods are physical commodities offered to clients. Products include, among others, clothing, automobiles, and appliances.
The term "goods" refers to any items, parts, and consumables that are sold to consumers, companies, or governmental bodies.
personal property and possessions. economic items that are physical, portable, and often not consumed simultaneously with manufacturing and might be solitary or multiple in nature. Compare products, services, and other commercial goods and services.
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other than acting as a licensed agent for both parties to a single real estate transaction, what other type of dual agency possibility exists in new york?
Dual agency can take one of two major shapes. The first type, referred to as a dual agent, indicates that there is just one agent or broker working on a real estate transaction.
What are the duties of a broker?
One who facilitates transactions between buyers, sellers, or dealers is known as a broker. Imagine a broker as a middleman who ensures the transaction will go as expected and that each party will get the information they require. Brokers work in many different industries, such as business, real estate, insurance, and finance.
Connecting buyers and sellers is one of a broker's primary duties, making a broker the middleman between a buyer and a sale. A stock or real estate broker who aids in a property transaction would serve as an example.
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what problem of overlapping governmental jurisdictions is inherent in all multinational corporations?
The Extraterritoriality problem of overlapping governmental jurisdictions is inherent in all multinational corporations.
The multinational corporations or transnational corporations in which any corporation or business which is to registered and that operates or performs in more than one country at the same time.
The multinational corporations is also known as MNCs, there companies headquartered is in more than one country.
The Extraterritoriality is the problem which occurs in the state extends its legal power beyond its territorial boundaries. It is the competence of a country' state that apply its laws to the other foreign entities in relation to their products.
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in a market economy, prices help determine the distribution of goods and services but not the allocation of resources. true false
In a command economy, prices help determine the distribution of goods and services but not the allocation of resources. It is not a market economy, and thus the statement is false.
What is a market economy?A market economy is an economic system in which the interactions of a country's individual citizens and businesses guide economic decisions and the pricing of goods and services.
A market economy allows entrepreneurs to pursue profit by producing outputs that are more valuable than the inputs they consume, as well as the freedom to fail and go out of business if they do not. There may be some government intervention or central planning, but this term usually refers to a more market-oriented economy in general.
Therefore, in a market economy entrepreneurs determine the distribution of goods and services.
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in 2012 a taco bell employee in indiana tweeted a photo of himself urinating on a plate of nachos. which counterproductive behavior did he display?
An Indiana Taco Bell worker posted a picture of himself peeing on a platter of nachos in 2012. This kind of behaviour is sabotage, which is Counterproductive behaviour.
Employee conduct that interferes with a company's ability to pursue its legitimate goals is referred to as counterproductive work behaviour (CWB). These actions may be harmful to businesses or the individuals who work there, such as clients, customers, or patients. A person-by-environment interaction, defined as the link between a person's psychological and physical capacities and the demands imposed on those capacities by the person's social and physical surroundings, has been put out as a possible explanation for a number of unproductive behaviours. For instance, a worker who scores highly for trait anger (the propensity to feel angry) is more likely to react negatively with CWB to a stressful event at work (such as being treated harshly by a supervisor).
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--------------------- Correct question format is given below ----------------------
(Que). In 2012 a Taco Bell employee in Indiana tweeted a photo of himself urinating on a plate of nachos. Which counterproductive behaviour did he display?
A) Personal agression
B) Theft
C) Harassment
D) Sabotage
back at the office you sit down and begin to outline deductive's organizational culture characteristics. which characteristics of organizational culture most and least valued by deductive?
Back at the office you sit down and begin to outline deductive's organizational culture characteristics people orientation characteristics of organizational culture most and least valued by deductive.
What is individuals direction in Hierarchical culture?
The meaning of a "group situated organization" is one that thinks often about their representatives and is put resources into their prosperity. The individual is regarded, esteemed and enabled. Zeroing in on individuals appears to be legit.
What is a group situated work style?
A group situated pioneer centers around making generally accomplishment by building enduring associations with workers. This kind of pioneer thinks often about errands and timetables, yet he/she accepts that work culture is more significant.
What is the effect of individuals direction?
As a rule, staff individuals feel they are significant and esteemed as individuals situated styles take a stab at, they become more participated in everyday errands and the drawn out vision of the organization. Representatives whose voices are heard feel esteemed, appreciate coming to work and eventually improve.
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exercise 2-3 a job order cost sheet for ryan company is shown below. job no. 92 direct materials direct labor for 2,000 units manufacturing overhead date beg. bal. jan. 1 6,700 6,000 4,200 8 6,000 12 6,000 4,500 25 2,500 27 4,000 3,000 11,700 15,200 16,000 cost of completed job: direct materials direct labor manufacturing overhead $15,200 16,000 11,700 $42,900 $21.45 total cost unit cost ($42,900 - 2,000) (a) on the basis of the foregoing data, answer the following questions. (1) what was the balance in work in process inventory on january 1 if this was the only unfinished job? (a) on the basis of the foregoing data, answer the following questions. (1) what was the balance in work in process inventory on january 1 if this was the only unfinished job? balance in work in process inventory on january 1 $ (2) if manufacturing overhead is applied on the basis of direct labor cost, what overhead rate was used in each year?
In 2021, the overhead rate was 75% (4200/5600) and in 2022, the overhead rate was 75% (4500/6000).
What is overhead rate?An overhead rate is the percentage of a company's total costs that are attributable to overhead expenses. Overhead expenses are those that do not directly relate to producing a product or service. Examples of overhead expenses include rent, utilities, insurance, taxes, advertising, and administrative costs. A company's overhead rate is calculated by dividing the total overhead expenses by the total costs associated with producing the goods and services. The overhead rate can then be used to determine the cost of goods sold, and to help set prices for goods and services.
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the aim of the study of macroeconomics is to examine the interactions between individual producers and consumers. the behavior of factors affecting the economy. the relationship between supply a
Macroeconomics is the study of the interactions between specific producers and customer . The way those components behave
In whose name is the customer acting?
Consumers are those who use products and services to satisfy their needs. You're going to be acting like a consumer when you eat dinner.
When someone or a group uses something for the very last time, they are considered to be consumers. Think about the following instances: a client of a stylist who has their hair trimmed and styled. a person or creature that purchases a printer for business use. a biological thing that consumes organic compounds or preys on other organisms to obtain complex organic molecules.
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is a delaware corporation permitted to offer an investment opportunity to a select group of existing stockholders without offering such investment opportunity to the remainder of stockholders?
Every corporation must have at least one class of common stock to show ownership under Delaware law since every corporation, unless stated to be a non-stock corporation, is a for-profit general corporation.
What information is available to Delaware shareholders?As a Delaware corporation, the company's stockholders, including minority stockholders, have the right to request a written inspection of and copy of its books and records, as well as its stock ledger. The company's subsidiaries are similarly subject to the stockholders' inspection rights.
Make the Certificate of Amendment and deliver it to the Delaware Secretary of State. Include the information in this Certificate, such as the revised authorized share count, par value, and/or stock class designations. Get the company's authorized official to sign the paperwork, then submit the certificate to the state.
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the united nations operates with voluntary agreements among members based on their shared norms, which makes it an informal
The United Nations operates with voluntary agreements amongst individuals based on their shared norms, which makes it an informal normative institution.
What are the normative personality of social institutions?The normative persona of social establishments is outlined in ordinary terms. This normativity is multi-faceted. For example, it consists of the human items realised by using institutions as properly as the rights and duties that connect to institutional roles.
Whereas the emphasis in case of normative pressures is on the energy of roles – normative expectations guiding behavior – the cognitive framework stresses the import- ance of social identities: our idea of who we are and what approaches of motion make sense for us in a given situation.
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https://brainly.com/question/30323279#SPJ1Which of the following best illustrates a SMART (Specific, Measurable, Achievable, Realistic, Time Frame) goal
SMART (Specific, Measurable, Achievable, Realistic, Time Frame) goal illustrates I will eat my meals on time and limit myself to one snack daily.
What are the 5 smart goals?There's a S.M.A.R.T. technique to design management goals and objectives, according to George Doran, Arthur Miller, and James Cunningham's 1981 article.
The letters SMART stand for Specific, Measurable, Achievable, Relevant, and Time-Bound in the acronym SMART goals. Setting these limits in relation to your goal will help to ensure that your goals can be completed within the allotted time.
The Corporate Finance Institute claims that SMART goals, which are specific, measurable, attainable, realistic, and timely, "put you up for success." You are motivated, given a sense of direction, and assisted in organizing and achieving your goals via the SMART method.
Success is more likely with SMART goals. To finish tasks and enhance procedures, use SMART goals at work.
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The complete question is:
Which of the following best illustrates a SMART (Specific, Measurable, Achievable, Realistic, Time Frame) goal
I will eat my meals on time and limit myself to one snack daily.
I will not eat my meals on time and limit myself to one snack daily.
I will eat my meals on time and not limit myself to one snack daily.
I will not eat my meals on time and not limit myself to one snack daily.
what is a real estate investment trust (reit)? a company that owns, and usually operates, income-producing real estate an entity used to pool mortgage loans and issue mortgage-backed securities an organization that manages income-producing real estate properties an organization with many investors who jointly participate in a real estate investment
REITs, or real estate investment trusts, are companies that own or finance income-producing real estate across a range of property sectors.
What Is an Investment?
An asset or object purchased with the intention of generating income or appreciation is referred to as an investment. The term "appreciation" describes a rise in an asset's worth over time. When a person buys a product as an investment, they don't intend to utilize it right away; instead, they plan to use it to make money later on.
An investment is usually the use of a resource today—time, effort, money, or an asset—in the anticipation of receiving a larger return than what was first invested. A financial asset, for instance, might be bought by an investor now with the hope that it would provide income later on or be sold for more money.
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consider this painting entitled great fish-market by bruegel. painting titled great fish-market by bruegel. what does a close observation of the painting reveal?
A close observation of the painting reveals a bustling fish market in a small town.
The painting is filled with people of all ages and classes, from the fishmongers to the customers, all engaged in the lively activity of buying and selling fish. The painting also features a variety of fish, from small fish to large ones, as well as a variety.
Hence it can be said that when viewed closely, the picture depicts a busy fish market in a tiny town.
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jerry and the team working on the roger tire company marketing research project are developing ways to test their hypothesis that drivers of larger trucks prefer dual belted radial tires. what type of research are they conducting?
Jerry and the team are working on a marketing research study for the Roger Tire Company. Descriptive research is being conducted by Jerry and his team.
What do you mean by marketing?The process of developing, conveying, delivering, and trading services that are valuable to consumers, clients, partnerships, and society at large collectively is known as marketing.
Why is marketing necessary?Many individuals learn about a specific product thanks to marketing. Your sales will rise if consumers are aware about your goods. Many commercial companies find that marketing greatly aids in developing income streams. It occurs when various marketing techniques are used by various company sectors to boost revenue.
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sales between pare and shel use the same terms as third-party sales. the amount of unrealized intercompany profit in year 4 is closest to
The amount of unrealized intercompany profit in the 4th year would be closest to $6000.
Since the profit of the company comes from third party sales, some amount of the profit would be eliminated. Third-party sales are those made by someone other than the producer. Even when four or five parties are involved, we refer to them all as third parties. Marketers frequently struggle with third-party sales. When a firm employs a direct sales strategy, the marketer may build a sales compensation system that provides the correct incentives for the sales force to offer the right items to the right clients at the right price. Understanding and influencing the sales process is substantially more challenging in a third-party sales environment. To understand the distinctions, consider a direct sales situation and a third-party sales situation. It would typically involve a buyer, a seller, and another party—the third party.
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table 2 summarizes john's total benefit from consumption of pizza per month (measured in dollars). if each pizza costs $16, how much should john consume? what is the value of his economic surplus from this level of consumption?
John receives a total monthly benefit of $16 from his consumption of pizza; this amount represents his economic surplus.
Where is economic surplus?The increase in John's Total Benefit as a result of ingesting an additional pizza is referred to as his Marginal Benefit. The value of his economic surplus from this level of consumption is $16. Marginal Benefit is simply equal to the current Total Benefit less the Total Benefit for each level of consumption.
Economic surplus, often known as "total welfare," refers to the relative profits that a consumer or producer makes as part of an economic activity. The terms "total surplus" and "community surplus" may also be used to describe it. The point where the supply and demand curves intersect is used to show the overall economic surplus on a graph. The x-axis shows quantity, and the y-axis shows price.
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a client sells $28,000 of various stocks and wishes to use the proceeds to buy a mutual fund that has breakpoints at $5,000 intervals. what must the registered representative do?
The answer is Explain to the client that investing an additional $2,000 will provide the benefit of a breakpoint.
What is a Breakpoint?The sum of money required to buy shares in a load mutual fund that entitles the investor to a lower sales charge is known as the breakpoint. Breakpoints give investors a discount in exchange for making bigger bets. Either a lump sum payment or spaced instalments over a predetermined time period may be used to fund the purchase. A letter of intent must be used to support the latter type of investment acquisition in a fund (LOI).
What Is a Breakpoint Sale?A breakpoint sale is when a mutual fund is sold for a certain sum to enable the fundholder to switch into a lower sales fee tier.
Based on investment breakpoint levels selected by the fund company, breakpoint sales offer fee reductions to investors.Because of accumulation advantages, an investor's sales fee from a breakpoint schedule can be calculated depending on their whole fund investment.Breakpoint discounts frequently start at $25,000 and go up in increments until they reach a maximum amount.It is against the law to credit consumers for breakpoint discounts or to make breakpoint transactions that are slightly below levels that would qualify.To know more about What is a Breakpoint and Breakpoint sale refer to:
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(g) assuming all impacts were explained directly through the multipliers, and based on the information from part (b), what would be the change in gdp that would result from the government decreasing spending by $18 billion at the same time that it decreases corporate taxes by $20 billion? download
According to the problem statement the change in GDP = -3 billion.
What is GDP?Gross Domestic Product (GDP) is an economic measure of a country’s total economic output. It is calculated by summing the value of all goods and services produced in a given period of time, usually one year. GDP is used to measure the size of an economy and is a key indicator of the health of an economy.
Change in GDP = (Decrease in Government Spending x Multiplier for Government Spending) + (Decrease in Corporate Taxes x Multiplier for Corporate Taxes)
In this case, the multiplier for government spending is -1.5 and the multiplier for corporate taxes is 1.5. The equation would then be as follows:
Change in GDP = (-18 billion x -1.5) + (-20 billion x 1.5)
Change in GDP = 27 billion - 30 billion
Change in GDP = -3 billion.
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In time series data depicting demand which of the following is not considered a component of demand variation? Variance Trend Cyclical Seasonal Autocorrelation Question 6 1 pts Which of the following is not one of the basic types of forecasting? Time series analysis Force field analysis Qualitative Simulation Causal relationships
In time series data depicting demand, Autocorrelation is not considered a component of demand variation. Time series analysis is not one of the basic types of forecasting.
Which of the following is not one of the basic types of forecasting?Force field analysis is not one of the basic types of forecasting. Forecasting is the process of estimating future events or conditions based on current and past data. There are several basic types of forecasting such as Time series analysis, Qualitative, Simulation and Causal relationships.
Time series analysis uses historical data to predict future outcomes. Qualitative forecasting methods rely on expert opinions and subjective judgment. Simulation forecasting uses mathematical models to simulate different scenarios and predict future outcomes. Causal forecasting methods use cause-and-effect relationships to predict future outcomes.
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Edgar's boss has told him that he needs to demonstrate more competence on the job. Which of the following actions will help him do so?
setting specific work goals and achieving them
hiding his mistakes from his team members
working independently and not consulting others
asking coworkers what their needs are
taking on fewer projects at one time
Edgar's supervisor has advised him that he needs to show more expertise at work. Hiding his mistake from his team members' activities will assist him in accomplishing this.
A mistake in contract law is an incorrect assumption made at the time of contracting that certain facts are accurate. If it is successfully asserted as a defense, the agreement in question may be ruled to be void ab initio or voidable. Edgar's supervisor has advised him that he needs to show more expertise at work. Hiding his errors from his team members' activities will assist him in accomplishing this.
Alternatively, the courts may give an equitable remedy. Three distinct types of contract mistake have been distinguished by common law: the "unilateral mistake," the "mutual mistake," and the "joint mistake." It's crucial to distinguish between the "shared mistake" and the "mutual mistake."
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given a recessionary gap of $2 trillion, by how much does government spending have to change to close the gap if the marginal propensity to consume is .8?
There must be a 400 billion rise in government spending. Government expenditure must rise to address the recession gap. The fiscal multiplier accurately measures the impact on equilibrium output.
The administration and the opposition parties have clashed over the cuts to the defence budget. The federal government is making an effort to cut back on expenditures. The increase in consumer spending and the strengthening housing market appear to have revived the feel-good factor. High-street spending barely slightly increased last month. financing Infrastructure spending in Britain totaled £2.6 billion last year. Spending should be elevated or increased. The multinational store increased the amount it spent on employee health benefits. expenditure must be cut, trimmed, or restrained Spending cuts alone won't provide the required economic growth.
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which addendum allows a seller to simultaneously negotiate with a second buyer in case the first buyer falls through?
Addendum for backup contract allows a seller to simultaneously negotiate with a second buyer in case the first one falls through.
What exactly is a back-up agreement?In the process of purchasing a house, a backup offer is made in response to an existing offer to guarantee a contract with the seller in the event that the initial offer is rejected. If the seller accepts it, it becomes a legally binding contract that places you in line to purchase the house if the first buyer withdraws.
What is a contract addendum?An addendum to a contract is a post-contract attachment that changes some of the terms of a contract, either slightly or completely. Usually, this adds something new to a document that already exists. An addendum becomes a part of the new contract once all parties named in it agree to it.
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Northwood company manufactures basketballs. The company has a ball that sells for $25. At present, the ball is manufactured in a small plant that relies heavily on direct labor workers. Thus, variable expenses are high, totaling $15. 00 per ball, of which 60% is direct labor cost.
Northwood Company manufactures basketballs that sell for $25. The company is currently using a small plant that relies heavily on direct labor workers, which results in high variable expenses.
1 A. CM ratio = 2.5
break even point = 21,000 balls
B. The degree of operating leverage at last year.
31.82%
2. CM ratio = 3.57
break even point = 30,000 balls
3. 42,858 balls
new price of $28 per ball
4. CM = 1.32
26,250 balls
5. A. 31,875 balls
B. Degree of operating leverage = 60.87%
The variable expenses are reported to be $15 per ball, with 60% of that cost being attributed to direct labor.
It's worth noting that all three sources mention the same information about Northwood Company's manufacturing process, selling price and cost of production.
It's also worth mentioning that direct labor cost is just one component of variable expenses, other variable expenses such as material, energy and other supplies are also included in the total variable cost, and the company might be looking for ways to lower these costs to increase the profit margin.
Complete Question:-
Northwood Company manufactures basketballs. The company has a standard ball that sells for $25. At present, the standard ball is manufactured in a small plant that relies heavily on direct labor workers. Thus, variable costs are high, totaling $15 per ball.
Last year, the company sold 30,000 standard balls, with the following results:
Sales (30,000 standard balls) $750,000
Less variable expenses 450,000
Contribution margin 300,000
Less fixed expenses 210,000
Net income $ 90,000
Required:
1. Compute;
(a) the CM ratio and the break-even point in balls,
(b) the degree of operating leverage at last year?s level of sales
. 2. Due to an increase in labor rates, the company estimates that variable costs will increase by $3 per ball next year. If this change takes place and the selling price per ball remains constant at $25, what will be the new CM ratio and the break-even point in balls?
3. Refer to the data in (2) above. If the expected change in variable costs takes place, how many balls will have to be sold next year to earn the same net income ($90,000) as last year?
4. Refer to the original data. The company is discussing the construction of a new, automated plant to manufacture the standard balls. The new plant would slash variable costs per ball by 40%, but it would cause fixed costs to double in amount per year. If the new plant is built, what would be the company?s new CM ratio and the new break-even point in balls?
5. Refer to the data in (4) above;
a. If the new plant is built, how many balls will have to be sold next year to earn the same net income ($90,000) as last year?
b. Assume the new plant is built and that next year the company manufactures and sells 30,000 balls (the same number as sold last year). Prepare a contribution income statement and compute the degree of operating leverage.
c. If you were a member of top management, would you have voted in favor of constructing the new plant? Explain. You MUST show work for credit
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acquisition of land and building on february 1, 2016, edwards corporation purchased a parcel of land as a factory site for $100,000. it demolished an old building on the property and began construction on a new building that was completed on october 2, 2016. costs incurred during this period are: demolition of old building $ 8,000 architect's fees 25,000 legal fees for title investigation and purchase contract 4,000 construction costs 650,000 edwards sold salvaged materials resulting from the demolition for $2,000. required: question content area 1. at what amount should edwards record the cost of the land and the new building, respectively? if an input box should be blank, enter a zero.
According to the question, The total cost of land will be $110,00 while the total cost of building will be $675,000.
What does "cost" mean?A cost is the value of money that has been used to buy something or provide a product and is now not usable for output, research, retail, or accounting. When calculating an inventory costs, the sum of the acquisition's costs is taken into account.
The total cost of land = $110,00
the total cost of building = $675,000
Total cost of land
= ($100,000 + $8,000 + $4,000 - $2,000)
= $110,000
Total cost of building
=$25,000 + $650,000
= $675,000.
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Business ethics is concerned with all of the following except Multiple ChoiceO moral and ethical principles that might arise in a business settingO any special duties or obligations that apply to persons engaged in commerceO societal issues such as the sale of products or services that may damage the environment O distinguishing between moral decisions in a business setting O distinguishing between ethical decisions that arise in a business setting
Business ethics is concerned with all of the following except distinguishing between moral decisions in a business setting.
What is business ethics?Business ethics refers to the moral principles and values that guide the behavior of individuals and organizations in the business world. These principles can include honesty, integrity, fairness, responsibility, and respect for the law. Adhering to these values can help build trust and credibility with customers, employees, and the community, while also promoting sustainable and responsible business practices. However, there can be conflicts between maximizing profits and acting ethically, and companies may face pressure to make decisions that prioritize financial gain over moral considerations. It is important for businesses to establish a strong ethical code and culture, and to hold themselves accountable to those principles.To learn more about business ethics refer:
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a company with few managerial levels and a short chain of command usually has a wide span of control. this is called a organizational structure.
A company with few managerial levels and a short chain of command usually has a wide span of control. This is called a flat organizational structure.
The process of breaking down an organisation into various functional divisions is known as an organisational structure. Basically, there are three (3) basic dimensions to an organisational structure:
I. The vertical dimension, which is where decision-making duties are often located (decentralization and centralization).
II. The horizontal dimension, which creates subunits within the organisation
III. Integrating Mechanisms: These are usually based on the strategic mechanisms that regulate the various organisational subunits.
The number of people (employees or workers), functions, and activities that a manager directly controls effectively and efficiently inside an organisation is known as a span of control.
A corporation has few managerial layers in this circumstance. Additionally, every short chain of command typically has a broad range of control. A flat organisational structure is what this is. An organisational structure that has few or no levels of middle management in between the workforce and the executive might be referred to as flat. As a result, it's an organisational structure that puts the chief executive in close proximity to workers like salespeople, customer service representatives, cashiers, etc.
A company with few managerial levels and a short chain of command usually has a wide span of control. This is called a _____ organizational structure.
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each day, a restaurant sends its used linens to a laundry service to be cleaned and pressed. in economic terms, the laundry service would be classified as a(n) service.
Services refer to activities or benefits that one party can offer to another that are intangible and do not result in the ownership of anything.
What is service?Services are not goods, meaning they do not result in the ownership of anything.Services are often provided by businesses and individuals in exchange for money or other forms of compensation.Examples of services include cleaning, consulting, education, healthcare, and transportation.Services are an important part of a market economy and are often provided by service providers.Services can be divided into two broad categories: personal services and business services.Personal services are services that are provided to individuals, such as hair styling, personal training, and tutoring.Business services are services that are provided to businesses, such as accounting, marketing, and legal services.Services can also be classified by their nature: goods-related services, people-related services, and place-related services.The laundry service in this scenario is a business service, it is people-related service as it requires human labor to clean and press the linens, and it can also be considered a place-related service as it takes place in a specific location (the laundry facility).To learn more about services refer:
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Market power and externalities are two possible causes of market failure.a. Trueb. False
Market power and externalities are two possible causes of market failure.
correct option is - a. True
Externalities and market power are two potential reasons why markets fail. Being efficient calls for an equitable distribution of the commodities and services generated among all participants in the economy. Economists must employ properly designed laboratory experiments since they are unable to utilise historical natural experiments. Lack of knowledge, market regulation, public goods, and downsides can all contribute to market failure. Government intervention, including such new laws, taxes, tariffs, subsidy, and trade restrictions, can be used to fix market failures. Negative externalities, inadequate information, consolidated market dominance, bottlenecks in manufacturing and distribution, and inequality are the root causes of market failures.
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Cost is a measure of the Select one a. seler's wilingness to sell. Ob. seller's producer surplus cproducer shortage O d. seller's willingness to buy On a graph, the area below a demand curve and above the price measures Select one a producer surplus b.consumer surplus c. deadweight loss. d. willingness to pay. Produoer surplus is the area Select one a. under the supply curve. Ob, between the supply and demand curves. a.below the price and above the supply curve d, under the demand curve and above the price. Produoer surplus measures the Select one a benefits to sellers of participeting in a market. b. costs to sellers of participating in a market c price that buyers are willing to pay for sellers output of a good or d. benefit to sellers of producing a greater quantity of a good or service than buyers demand
Cost is a measure of the A seller's willingness to sell is measured by cost. It measures the seller's opportunity cost
Option A is correct .
It measures the seller's opportunity cost, or the value they give up in order to sell their products. It includes things like the cost of raw materials, the amount of time spent on production, and so on.
2. Consumer surplus is the difference between what consumers are willing to pay for a good or service and what they actually pay.
Option B is correct.
The consumer surplus is represented on a graph by the area above and below the price and below the demand curve.
3. Producer surplus is the difference between the amount they were willing to sell and the amount they received from consumers.
Option C is correct .
The area above the supply curve and below the price is the producer surplus.
4. The benefits that sellers receive from participating in a market are measured by producer surplus.
Option A is correct .
It measures how much money a producer makes by selling goods at a higher price than he was willing to sell them for.
What does cost represent?cost is the monetary value that producers and consumers pay for goods and services. Cost, in the most fundamental sense of economics, is the value of the other options that are lost when a product or service is chosen over others. The most common name for this fundamental cost is opportunity cost.
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