Using revenue as an allocation base, the amount of non-traceable cost that is to be allocated to the harborview resort will be $1,480,000.
To allocate the nontraceable operating costs using revenue as the allocation base, we need to determine the proportion of revenue generated by each resort.
The total revenue of both resorts is $10,000,000, and the revenue of the Harborview Resort is $3,700,000. Therefore, the proportion of revenue generated by the Harborview Resort is:
$3,700,000 / $10,000,000 = 0.37
Using this proportion, we can allocate the nontraceable operating costs to the Harborview Resort as follows:
$4,000,000 x 0.37 = $1,480,000
Therefore, the amount of nontraceable cost to be allocated to the Harborview Resort using revenue as an allocation base is $1,480,000.
Therefore, the correct answer is $1,480,000.
The complete question should be:
The amount of nontraceable cost to be allocated to the Harborview Resort using revenue as an allocation base: Sand and Sea Resorts Sand and Sea Resorts owns and operates two resorts in a coastal town. Both resorts are located on a barrier island that is connected to the mainland by a high bridge. One resort is located on the beach and is called the Crystal Coast Resort. The other resort is located on the inland waterway which passes between the town and the mainland; it is called the Harborview Resort. Some key information about the two resorts for the current year is shown below. Revenue (2005) Square feet Rooms Assets (2005) Harborview $ 3,700 80,000 63 $ 110,000 Crystal Coast $ 6,300 240,000 150 $ 420,000 Total $ 10,000 320,000 213 $ 530,000 The nontraceable operating costs of the resort amount to $4,000,000. By careful study, the management accountant at Sand and Sea has determined that, while the costs are not directly traceable, the total of $4 million could be fairly allocated to the four cost drivers as follows. Cost Driver Revenue Square feet Rooms Assets (2008) Amount Allocated $ 200,000 100,000 520,000 3,180,000 Determine the amount of nontraceable cost to be allocated to the Harborview Resort using revenue as an allocation base. Multiple Choice $1,110.000 $2,061,000. $1,480,000. $2,749,000. $1,776,000.
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what are some things you want money can buy
Answer:
I want a new car and a home.
Explanation:
Suppose you transfer $500 from your savings account to your checking account. With this transaction, M1 _____ and M2 _____. decreases; decreases increases; stays the same increases; decreases stays the same; decreases
The M1 decreases and M2 stays the same as one transfer $500 from your savings account to your checking account.
What is M1 & M2?The M1 means the most liquid money that comprised of the currency, traveler’s check, and checking account deposits.The M2 is broader measure of Ms although it is has a less liquid measure compared to M1 and consists of currency, traveler’s checks, checking deposits, savings accounts, money market mutual funds etcRead more about money supply
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What government program or service would affect you and/or the nation the most if it were suspended as a result of not paying taxes?.
Treasury Offset Program government program or service would affect you and/or the nation the most if it were suspended as a result of not paying taxes.
What does the Treasury Offset Program entail?The federal government might owe money to people, companies, states, and other organizations. It's a debt, that. The debt gets overdue if they don't pay it on time (delinquent). The Treasury Offset Program (TOP) withholds funds from a federal payment to the debtor when the debt is passed late in order to assist in collecting the debt. (Offering to withhold funds from payment is known as "offsetting the payment" or "administrative offset").
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INCOME STATEMENT Evaluation
Listed below are some accounts for Woburn Landscaping Co. for the year ended December 31, 2020. Sort the list of the following accounts into an Income Statement, using appropriate formatting.
Salaries Expense
5,050
Hydro Expense
1,150
Landscaping Revenue
13,100
Repair Expense
980
Rent Expense
4,200
Internet Expense
1,020
Advertising Expense
1,770
Supplies Expense
250
Plant Sales
3,900
General Expense
40
The income statement net income is $2,540.
Income statement for Woburn Landscaping Co. for the year ended December 31, 2020
Revenue:
Landscaping Revenue $13,100
Plant Sales $3,900
Total revenue $17,000
Expenses:
Salaries Expense $5,050
Hydro Expense $1,150
Repair Expense $980
Rent Expense $4,200
Internet Expense $1,020
Advertising Expense $1,770
Supplies Expense $250
General Expense $40
Total expenses $14,460
Net income $2,540
($17,000-$14,460)
Therefore the income statement net income is $2,540.
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Which of porter’s five forces was likely the most powerful factor influencing the failure of blackberry?
Answer is the threat of substitute products or services.
Rivalry among the existing competitors was not a significant factor in the BlackBerry's downfall because they were not able to produce any form of alternative to the iPhone, and the users switched from the BlackBerry phones to the iPhones. The danger of replacement products is one of the Porter's five factors, and it indicates that there are alternative items that are likely to steal the company's market share. The downfall of the BlackBerry was caused by the substitute product in the shape of the iPhone.
All of the other allegations are untrue because there were no new entrants and the suppliers threatened because they were unable to upgrade their product.
Therefore, (B) Threat of substitute products or services is the correct answer is the correct answer.
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A project budget report is showing our project as spending $35,000 against a budgeted amount of $40,000. Which of the following is true
From the above information, it is true that the company is running a budget deficit.
What is budgeting?Budgeting is the process of planning for an allocating resources efficiently and effectively.
A budget deficit is when the expended amount is above the budgeted figure.
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Food and energy prices often complicate the measurement of inflation because supply and demand for these products ______.
Food and energy prices often complicate the measurement of inflation because supply and demand for these products (A) often change, creating temporary changes in prices.
What are supply and demand?In microeconomics, supply and demand is an economic model of market price determination. It assumes that all else being equal, in a competitive market, the unit price for a specific good or other traded item, such as labor or liquid financial assets, will fluctuate until it settles at a point where the quantity demanded (at the current price) equals the quantity supplied (at the current price), resulting in an economic equilibrium for price and quantity transacted. It is the theoretical foundation of modern economics.The aggregate demand-aggregate supply model has also been used in macroeconomics to describe how the quantity of total output and the aggregate price level can be set in equilibrium.Therefore, food and energy prices often complicate the measurement of inflation because supply and demand for these products (A) often change, creating temporary changes in prices.
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Complete question:
Food and energy prices often complicate the measurement of inflation because supply and demand for these products ______.
A. Often change, creating temporary changes in prices.
B. Are stable in the short run and unstable in the long run.
C. Typically lags behind other goods and services.
D. Are constant, so equilibrium prices rarely change.
Answer:
often change, creating temporary changes in prices
True or false: To purchase a closed-end mutual fund, you would purchase shares directly from the mutual fund company at any time.
Answer:false
Explanation:
The statement - "To purchase a closed-end mutual fund, you would purchase shares directly from the mutual fund company at any time" is false.
What is mutual fund?A mutual fund is an investment vehicle that is professionally managed and combines money from numerous individuals to acquire assets.
The name is commonly used in the United States, Canada, and India, whereas similar structures in other parts of the world include the SICAV in Europe and the open-ended investment company in the United Kingdom.
A closed-end fund is a form of mutual fund that raises capital for its initial investments by issuing a limited number of shares in a single initial public offering (IPO).
Its shares can then be purchased and sold on a stock market, but no new shares are generated, and no new money enters the fund.
"To acquire a closed-end mutual fund, you would purchase shares directly from the mutual fund company at any time," is a false statement.
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If a firm is more concerned about the quick return of its initial investment than it is about the amount of value created, then the firm is most apt to evaluate a capital project using the _____ method of analysis. Group of answer choices
The firm is most apt to evaluate a capital project using the payback method of analysis. Group of answer choices.
Methods evaluation is taking a look at how a process is performed. whereas job layout shows the structure of the job and names the responsibilities inside the structure, methods evaluation details the obligations and the way to do them. The system concerned with the distinct procedure for doing a particular job.
Financial evaluation has three sub-divisions: vertical analysis, horizontal analysis, and monetary ratios. Horizontal analysis is one of the primary strategies in financial management.
Contemporary strategies for chalcogen compounds evaluation and structural dedication discussed encompass: UV-seen and infrared spectroscopy (UV-Vis and IR), thermo analysis, electrochemistry, magnetic evaluation, chromatography, X-ray techniques (ordinarily XRF, XRD, and EDX), high-decision microscopy (SEM and TEM)
The question is incomplete. Please read below to find the missing content.
If a firm is more concerned about the quick return of its initial investment than it is about the amount of value created, then the firm is most apt to evaluate a capital project using the _____ method of analysis.
A. modified internal rate of return
B. profitability index
C. internal rate of return
D. net present value
E. payback
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Microeconomics is the study of: __________
a. global economies.
b. productivity in other countries.
c. the entire u.s. economy.
d. the decisions made by individuals.
e. the national unemployment rate.
Microeconomics is the study of the decisions made by individuals.
Microeconomics is the study of individuals, households and firms behavior in decision making and allocation of resources of production, exchange, and consumption. Microeconomics deals with prices and production in single markets and the interaction between different markets.
In the economy, microeconomics applies to markets of goods and services and deals with individual and economic issues. Microeconomics is important as it provides the required tools that enable the formulation of various economic policies.
Individual income and savings, consumer equilibrium, are examples of microeconomics.
Hence, microeconomics is the study of the decisions made by individuals in the economy.
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________ are costs that make customers reluctant to switch to another product or service. Multiple Choice Support activities Loyalty rewards Value chain activities Switching costs
The answer is switching costs.
The expenses a consumer incurs as a result of switching brands or products are known as switching costs.
Financial, psychological, effort-based, and time-based switching costs are all possible.
High switching costs and low switching costs are two different categories of switching expenses.
To keep customers from migrating to another brand, businesses try to use high switching fees.
High switching costs are a strategy used by businesses with hard-to-perfect products and little competition to increase revenues.
Some businesses that are unable to demand larger switching fees will guarantee lengthy wait times and product delays in order to retain their customer base.
Hence, Switching costs are costs that make customers reluctant to switch to another product or service.
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Implementing an enterprise system for a large organization is most accurately described as _____. Group of answer choices a low-risk, gradual change somewhat difficult a huge demand on resources doomed to failure
Implementing an enterprise system for a large organization is most accurately described as a customer relationship management system. Group of answer choices a low-risk, gradual change somewhat difficult a huge demand on resources doomed to failure.
Customer relationship management (CRM) is the strategy companies use to manage their interactions with customers and prospects. CRM helps businesses streamline processes, build customer relationships, increase sales, improve customer service, and increase profitability.
A system management platform like CRM connects all your sales reps and customer data in one place. A CRM consolidates all communications (form-fills, phone calls, emails, texts, meetings), documents, quotes, purchases, and tasks associated with each lead and customer. Your entire team can access these details at the right time to close a sale or provide excellent service.
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Design teams for car manufacturers create new vehicle models. What type of team does this exemplify?.
Design teams for car manufacturers create new vehicle models. The team exemplify their creativity.
What is Creativity?The phenomenon of creativity is the formation of something fresh and worthwhile. An idea, a theory of science, a piece of music, a joke, or a physical object are examples of intangible creations (such as an invention, a printed literary work, or a painting).Psychology, business studies, and cognitive science are the main academic fields with an interest in creativity. The humanities, technology, engineering, philosophy (especially philosophy of science), theology, sociology, linguistics, the arts, economics, and mathematics are other fields where it is present.These fields examine the connections between creativity and general intelligence, personality type, mental and neural processes, mental health, or artificial intelligence.They also examine the potential of education and training to foster creativity, the development of creativity for the benefit of the national economy, and the use of creative resources to enhance teaching and learning.Know more about creativity
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The market price of hamburgers in a college town decreased recently, and the students in an economics class are debating the cause of the price decrease. Some students suggest that the price decreased because several new burger joints have recently opened in the area. Other students attribute the decrease in the price of hamburgers to a recent decrease in college student enrollment.
The reason for the decreased price is that several new burger joints have recently opened in the area.
If the price of hamburgers will increase, hamburgers will appear greater luxurious, so clients will call for fewer hamburgers at that price. this transformation will only affect the quantity demanded at that price, on no account possible prices of hamburgers.
The supply curve suggests the relationship between the fee of a good and the quantity furnished, with different determinants of supply held regular. consequently, whilst the charge of the good modifications, the result is a movement along the supply curve not a shift of the entire supply curve.
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One problem with government operation of monopolies is that?
One problem with government operation of monopolies is that the government typically has little incentive to reduce costs.
What is a monopoly?A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. The demand curve is downward sloping. A monopoly sets the price for its goods and services.
An example of a monopoly is a utility company
Here is the complete question:
One problem with government operation of monopolies is that a. a benevolent government is likely to be interested in generating profits for political gain. b. the government typically has little incentive to reduce costs. C. a government-regulated outcome will increase the profitability of the monopoly. d. monopolies typically have rising average costs.
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When manufacturing overhead costs are assigned to production in a process cost system, they are debited to.
When manufacturing overhead costs are assigned to production in a process cost system, they are debited to a work in process account.
What Is a Work-in-Progress (WIP)?Production and supply-chain management terms for partially finished goods that are awaiting completion include "work-in-progress" (WIP). Raw materials, labor, and overhead expenses expended for goods that are in different phases of manufacturing are referred to as "work in progress," or WIP.
On the balance sheet, WIP is a part of the asset account for inventory. The finished goods account receives these costs after which they are ultimately passed to the cost of sales.
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Elaine wants to see her family during the Christmas holiday. Joseph wants to see his family, as well, but does not feel as strongly about it. What management style will Joseph use
Answer: compromise
Explanation:
An included diamond crystal that reaches the surface of a cut diamond is called a?
An included diamond crystal that reaches the surface of a cut diamond is called a knot.
Knots: A crystal inclusion that appears as a knot on the diamond's surface. Given that a knot inclusion may be seen with the unaided eye, diamonds with this fault are typically given a lower clarity grade.
Knots affect a diamond's overall durability in addition to being fairly obvious within the stone (and often not even requiring a magnifying to notice them).
Small flaws observed within the diamond's structure are known as inclusions. The intense pressure and heat that carbon experiences during the transformation of carbon into diamond causes the inclusions. A crucial aspect in judging diamond clarity is inclusions.
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Data indicated that jeff's fidgeting accounted for _____ of his calorie burn.
a. one-quarter
b. three-quarters
c. one-half
d. virtually all
Data indicated that jeff's fidgeting accounted for c. one-half of his calorie burn.
The more energetic you are, the greater calories you burn. In reality, some individuals who are stated to have a quick metabolism are possibly just greater lively and perhaps fidget more than others. aerobic exercising is the most efficient way to burn calories and includes sports consisting of taking walks, bicycling, and swimming.
Most people will burn over 1800 calories each day, without doing any exercise in any respect. As Dr Potter explains, this is because we burn maximum of our calories just via each day bodily features. “Our bodies have all forms of distinctive house responsibilities capabilities they must preserve even at relaxation.
As a widespread guiding principle, girls usually burn approximately 2,000 calories in step with day and men burn about 2,500 energy consistent with day. those numbers are frequently used to determine an approximate food intake for weight protection. however these numbers are especially variable.
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On the statement of cash flows, the cash flows from operating activities section would include:.
One thing that would be included in the cash flows from operating activities section is (d) cash receipts from sales activities.
What goes into operating activities?This includes all cash transactions that relate to the day to day running of the business as it works to earn revenue.
The receipts that are received from cash sales would therefore go into this section as it relates to revenue.
Options for this question include:
(a) receipts from the issuance of common stock
(b) receipts from the sale of investments
(c) payments for the acquisition of investments
(d) cash receipts from sales activities.
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A bank loaned out $26,000, part of it at the rate of 12% annual interest, and the rest at 3% annual interest. The total interest earned for both loans was $1,455.00. How much was loaned at each rate
The amount loaned for 12% annual interest is $ 7,500 and amount loaned for 3% annual interest is $ 18,500 .
Solution:Let us assume that the amount loaned for 12% annual interest is x
then amount loaned for 3% annual interest is $ 26,000 - x.
Total Interest = Interest on 12% amount + Interest on 3% amount
[tex]\frac{12}{100}[/tex] × x + (26,000 - x) × [tex]\frac{3}{100}[/tex] = 1,455
0.12x + 0.03 × (26,000 - x) = 1,455
0.12x + 780 - 0.03x = 1,455
0.09x = 1,455 - 780
0.09x = 675
x = $ 7,500
Also, the amount loaned at 3% is 26,000 - 7,500 = $18,500
What are bank loan?bank loans are debt Interest that a bank or other financial institution issues to a company, repackages, and then sells to investors.The Interest that has been repackaged comprises of several loans. Prior to any other financial commitments, senior bank loans have a legal claim to the borrower's assets.Know more about bank loans https://brainly.com/question/27380105
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If company managers want to pursue cost-saving actions that can potentially result in their company achieving a sustainable cost advantage over rivals because the company's actions to cut costs cannot be detected by rivals from the information in either the FIR or the Comparative Competitive Efforts section of the CIR, then they should consider
They should consider all possible means of boosting worker productivity in ways that lower labor costs per pair produced.
Expressing unit hard work cost in this manner indicates that will increase in hourly reimbursement generally tend to increase unit hard work expenses, and increases in output in keeping with hour worked—hard work productiveness have a tendency to lessen them. accordingly, hard work productivity will increase can offset the impact of wage will increase on unit labor fees.
Effective exertions, in step with Smith, become any paintings that fixed themselves in a tangible item. Unproductive exertions, become any work where the value becomes fed on as soon as it is turned into created. Smith contrasted the function of workers in a production plant (effective paintings) with the tasks of a servant (unproductive work).
Human capital is the most essential supply of financial increase because it immediately increases hard work productivity and is the supply of discovery of the latest technologies. Human capital comes from education and schooling, activity revel in, and health and weight-reduction plan. new generation growth hard work productiveness.
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Holding the nonprice determinants of demand constant, a change in price would:
Holding the nonprice determinants of demand constant, a change in price would result in either a decrease in demand or an increase in demand.
An alternate in a nonprice determinant changes the relationship between rate and amount demanded, either increasing or reducing the amount demanded at every rate. on occasion referred to as non-very own-rate determinant. A boom or decrease in the amount demanded of an awesome, service, or resource at each fee.
The demand curve shifts horizontally. A surplus will arise in a market if: the quantity provided at a given rate exceeds the amount demanded at that rate.
Whilst a nonprice determinant of demand modifications calls for curve shifts, there may be a boom or lower in demand. when the rate of great adjustments, we move along the demand curve to a new factor on the curve, and there's a boom or lower in quantity demanded.
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________ is the most expensive form of marketing communication
Personal selling is the most expensive form of communication in marketing, costing more to reach each individual customer than other forms of advertising and promotions.
Personal selling is a face-to-face selling technique in which salespeople use their interpersonal skills to convince customers to buy a particular product. The seller tries to highlight the different features of the product to convince the customer that he will only add value. However, getting a customer to buy a product is not what drives an individual's sales all the time. Usually, companies try to follow this approach with customers to make them aware of a new product.
Personal selling is an essential sales tool for selling complex and technical services that require human touch, personalization, persuasion, and prompt communication.
It is common for high-priced items to use personal selling because it helps the company to inform and convince customers to use personalized selling methods to gain more trust.
It is also considered an important promotional tool in B2B sales because these sales involve fewer leads and high transaction costs.
Personal selling provides a detailed explanation or demonstration of a product. This capability is particularly desirable for complex or novel goods and services. Sales messages can vary depending on the motivations and preferences of each potential customer.
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Cash equivalents do not include:
Cash equivalents do not include High-grade marketable equity securities.
Examples of cash equivalents include industrial paper, Treasury payments, and quick-time period government bonds with an adulthood date of 3 months or much less. Marketable securities and money marketplace holdings are taken into consideration as coin equivalents because they may be liquid and not subject to fabric fluctuations in cost.
Cash consists of prison soft, payments, coins, assessments received however no longer deposited and checking and savings debts. Coins equivalents are any short-time period investment securities with maturity intervals of 90 days or much less.
In keeping with worldwide Accounting popular 7 (IAS 7), cash “contains cash accessible and demand deposits”. And coins equivalents “are quick-term, quite liquid investments which are readily convertible to acknowledged amounts of coins and which are a challenge to a trifling hazard of modifications in price”.
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What output quantity will the monopolistically competitive firm produce to maximize profits?
The output quantity which the monopolistically competitive firm produce to maximize profits is when, "the marginal cost equals the marginal revenue."
In the monopolistically competitive firm, a monopolist can determine its profit-maximizing price and quantity by analyzing the marginal revenue and marginal costs of producing an extra unit. If the marginal revenue exceeds the marginal cost, then the firm should produce the extra unit.
The profit-maximizing quantity is the one at which the marginal revenue of the last unit was exactly equal to the marginal cost. Thus, producing any more or less would decrease profits.
Hence, the monopolistically competitive firm produce output quantity when the marginal cost equals the marginal revenue.
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With a _______ lifestyle, people select products and services that fulfill their diverse needs and interests, rather than conforming to traditional stereotypes.
Answer: component
Explanation:
Sophie Bennett has personally paid a total of $6,000 in medical costs this year, which is the out-of-pocket limit listed in her insurance plan. At this point, there is a provision in her insurance contract that requires her insurance company to pay 100% of her medical costs for the remainder of the year. What provision is this likely to be
A clause is this likely to be (D) Stop-loss provision.
What is the stop-loss provision?A limitation on the amount of loss experienced by the insured in a certain period without recompense.Stop-loss insurance (sometimes known as excess insurance) is a type of insurance that protects against catastrophic or unforeseeable losses. It is purchased by employers who have elected to self-fund their employee benefit plans but do not want to bear full risk for plan losses.First, based on the employer's history, the stop-loss carrier calculates the average expected monthly claims PEPM. This amount is then multiplied by a percentage ranging from 110 to 150 percent. The computed amount is then multiplied by the monthly enrolment to determine the aggregate deductible.Therefore, according to the above-given situation of Sophie Bennett, a clause is this likely to be a (D) Stop-loss provision.
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Complete question:
Sophie Bennett has personally paid a total of $5,000 in medical costs this year. At this point, there is a clause in her insurance contract that requires her insurance company to pay 100% of her medical costs for the remainder of the year. What clause is this likely to be?
A) Coordination of benefits
B) Hospital indemnity clause
C) Coinsurance
D) Stop-loss provision
E) Major medical expense provision
Geraldo gauged the level of exposure to his marketing campaign using the percentage of the target population exposed at least once to his advertisement, representing its:_____.
Geraldo gauged the level of exposure to his marketing campaign using the percentage of the target population exposed at least once to his advertisement, representing its integrated market communication as well as marketing plan.
Marketing plan is the plan made by any organization to communicate about its products when they are new to launch them in the market.
Integrated market communication is the process which includes different marketing campaigns and marketing plans to define what they want to achieve through the marketing process.
In communicating with the target market The AIDA model is used.
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A cash payment made by a firm to its owners when some of the firm's assets are sold off is called a: regular cash dividend. special dividend. liquidating dividend. share repurchase.
(a). A cash payment made by a firm to its owners when some of the firm's assets are sold off is called a: Liquidating dividend
What is a dividend?
A dividend is a payment made to shareholders in exchange for their investment in a company. Dividends can be distributed in a variety of ways, including cash payments or additional stock..
More about Liquidating dividend:
A liquidating dividend is a dividend paid by a company during its liquidation process. Liquidation is the process by which a company ceases operations and exits the market. Voluntary or involuntary liquidation (forced). A liquidating dividend is also known as a liquidating distribution or a terminal distribution, as it involves the distribution of semi-liquid and liquid assets among the shareholders of the company. When the operators of a business believe they can no longer sustain operations, they wind down the business and return the assets of the business to shareholders via dividend payments.
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