Answer:
300
Explanation:
Breakeven quantity are the number of units produced and sold at which net income is zero
Breakeven quantity = fixed cost / price – variable cost per unit
Fixed costs are costs that do not vary with output. e,g, rent, mortgage payments
If production is zero or if production is a million, Mortgage payments do not change - it remains the same no matter the level of output.
Hourly wage costs and payments for production inputs are variable costs
Variable costs are costs that vary with production
If a producer decides not to produce any output, there would be no need to hire labour and thus no need to pay hourly wages.
$300 / ($2 - $1) = 300
Each of the following are classified as an operating activity except: multiple choice payment of salaries collection of credit sales receipt of dividend revenue purchase of short-term investments
Answer:
purchase of short-term investments
Explanation:
The operating activity deals in payment and receipts of the cash payment and cash receipts with regard to day to day expenses, sales, etc
It can involved the salaries payment, credit sales, dividend revenue
But does not include the purchase of short term investment as it is the part of the investing activity not the operating activity
When cost systems were developed in the 1800's, most companies ______. Multiple select question. produced a small number of similar products focused on simplicity assigned overhead based on machine hours believed there was little correlation between labor hours and overhead
Answer:
believed there was little correlation between labor hours and overhead
Explanation:
When cost systems were developed in the 1800's, most companies used a blanket overhead or a plant wide rate to allocate the overheads. They believed there was little correlation between labor hours and overhead.
Henna Hair Salon purchased supplies for $6,000 and debited Supplies for the full amount. At the end of the accounting period, $1,800 worth of supplies were still on hand. Identify the adjusting entry needed at the end of the period. debit Supplies $4,200; credit Supplies Expense $4,200 debit Supplies Expense $7,800; credit Supplies $7,800 debit Supplies $1,800; credit Supplies Expense $1,800 debit Supplies Expense $4,200; credit Supplies $4,200
Answer: D. debit Supplies Expense $4,200; credit Supplies $4,200
Explanation:
Based on the information given in the question, the adjusting entry needed at the end of the period will be to debit Supplies Expense $4,200 and credit Supplies $4,200.
The supplies expenses of $4200 was gotten as:
= $6000 - $1200
= $4800
Therefore, the correct option is D.
.
If a security becomes worthless in the current taxable year, it is treated as sold or exchanged on the:
Answer:
If a security becomes worthless in the current taxable year, it is treated as sold or exchanged on: The last day of the current taxable year.
The federal government played an important role in assisting the development of industry. True False
Answer:
True
Explanation:
Answer:
true
Explanation:
Determine which of the statements below describes a petty cash receipt. (Check all that apply.)A. A petty cash receipt is rarely prenumbered.B. All petty cash receipts are turned in to the company cashier at the end of each day.C. The petty cashier must present all paid receipts to the company cashier in order to replenish the fund.D. Any person wishing to withdraw funds from a petty cash fund must complete a petty cash receipt.E. A petty cash receipt is sometimes called a petty cash ticket.F. A petty cash receipt will have a signature line for the person receiving a disbursement from the fund.
Answer:
C. The petty cashier must present all paid receipts to the company cashier in order to replenish the fund.
D. Any person wishing to withdraw funds from a petty cash fund must complete a petty cash receipt.
E. A petty cash receipt is sometimes called a petty cash ticket.
F. A petty cash receipt will have a signature line for the person receiving a disbursement from the fund.
Explanation:
A petty cash receipt is a form that is used in the documentation of cash payments from the petty cash box. The petty cash receipt is also referred to as the petty cash ticket.
The petty cashier must present all paid receipts to the company cashier in order to replenish the fund and any individual who wants to withdraw funds from a petty cash fund must complete a petty cash receipt.
a company using a perpetual inventory system that returns goods previously purchased on credit would
Answer:
dont know just needed points have a nice summer
Explanation:
Answer:
The answer is a debit accounts payable and credit inventory
business to business is selling to a customer that is not the end of the consumer. which of these best describe the business to customer model of distribution
Answer:
so where's the Question?
Cybill's manager wanted her to design the new ad campaign for the firm's new product. She was given all the necessary resources to complete the task. Cybill understands that her manager is going to hold her accountable to make sure the ad campaign is executed successfully. This exemplifies the concept of ______.
Answer:
Responsibilty
Explanation:
Responsibility is the act of accepting the full control of a given activity and also taking ownership of the consequences of the outcome of the activity.
It is basically being accountable.
When Cybil's manager asks her to design the new ad campaign for the firm's new product, she was given all the necessary resources to complete the task.
Her awareness that she is accountable for the outcome of the campaign exemplifies concept of responsibility.
which situation would most likely cause demand for apples to increase
Answer:
C
Explanation:
because you need lots of apples to make lots of apple cider
Spring Resources LLC creates unique value by establishing a learning organization that coordinates various production tactics and assimilates different types of technologies. This knowledge is distributed to the entire organization so that its branches can adapt and perform according to their own markets. These tactics and technologies distributed throughout the organization that create value for Spring Resources LLC are termed _________.
Answer:
core competencies
Explanation:
From the question we are informed about who Spring Resources LLC creates unique value by establishing a learning organization that coordinates various production tactics and assimilates different types of technologies. This knowledge is distributed to the entire organization so that its branches can adapt and perform according to their own markets. These tactics and technologies distributed throughout the organization that create value for Spring Resources LLC are termed
Core competencies.
Core competencies can be regarded as resources as well as capabilities which comprise all strategic advantages of a business.
Which of the following is not true regarding the purpose of an audit performed on a set of financial statements in accordance with generally accepted auditing standards? Group of answer choices to provide financial statement users with an opinion on whether the financial statements are presented fairly or not to provide users of the financial statements with an opinion on the financial statements to provide financial statement users with an opinion in accordance with the applicable financial reporting framework to provide users of the financial statements with absolute assurance that the financial statements contain no errors in them
Answer:
to provide users of the financial statements with absolute assurance that the financial statements contain no errors in them.
Explanation:
Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors by using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP). Some examples of financial statements includes a balance sheet, cash-flow and income statement.
An auditor refers to an authorized individual who review, examine and verify the authenticity and accuracy of business financial records or transactions.
GAAP is an acronym for Generally Accepted Accounting Principles, it was adopted by the U.S. Securities and Exchange Commission (SEC) and is the comprehensive accounting rules and standard used in recording and reporting financial information.
In accordance with generally accepted auditing standards (GAAP), providing users of the financial statements with absolute assurance that the financial statements contain no errors in them is not a purpose of an audit performed on a set of financial statements.
This ultimately implies that, an auditor cannot give a client an absolute assurance that a financial statement wouldn't contain errors in them.
The government of Diamza recently passed a law making it mandatory for any foreign company that wants to do business in its country to only use raw materials made in Diamza and only hire citizens. This is a type of _____ faced by companies that want to conduct business in Diamza.
Answer:
Police uncertainty
Explanation:
In the case when the diamza government pased the law that the foreign company wants to do the business so here it only use the raw materials and only hire the citizens so it represent the uncertainty of the police that faced by the companies wanted to conducted the business
So the same should be considered and relevant
Suppose our firm produces chartered business flights with capital (planes) and labor (pilots) in fixed proportion (i.e., one pilot for each plane). The expansion path for this business will A. follow the 45-degree line from the origin. B. increase at a decreasing rate because we will substitute capital for labor as the business grows. C. not be defined. D. be a vertical line.
Answer:
A. follow the 45-degree line from the origin
Explanation:
In order to diversify the business that means the output level should be increased we need to rise the input i.e. no of planes and pilots
Now if we increase the no of planes by 1 so here the no of pilots should also be increased by 1 units
So the expansion path equation is y = x
Therefore the option a is correct
Property risks are those
A) risks in which loss is the only possible outcome
B) Financial losses that occur due to owing on a real estate investment
C) risks taken on by an investor that can be categorized as systematic or non-systematic
D) risks caused by a change in value caused by the timing and/or amount of expenses incurred versus those expected
Answer:
a
Explanation:
Property risk is an example of a pure risk.
Pure risks are risks in which loss is the only possible outcome. It could be full loss or partial loss. Other examples of pure risks are personal and liability risks
Property risk is the risk that a person or company's property would be damaged or lost.
For example, if a building is set on fire or if a car is stolen
If a monopolist's price is $50 per unit and its marginal cost is $25, then A) to maximize profit the firm should increase output.
Answer:
a. to maximize profit the firm should decrease output
Explanation:
Options are "A. to maximize profit the firm should decrease output. B. to maximize profit the firm should increase output. C. to maximize profit the firm should continue to produce the output it is producing"
Monopoly profit maximization occurs where Marginal revenue = Marginal cost.
Here, Marginal revenue ($50) > Marginal cost ($25). So, in order to maximize profit, the firm has to decrease the output because cost is very lower and revenue is very high.
U.S. GAAP for long-lived assets significantly impedes rate-of-return comparisons across companies unless the firms:
Answer: Apply the same depreciation methods and the same useful lives among similar groups of assets
Explanation:
US GAAP for long-lived assets significantly impedes rate-of-return that is, the annual income from an investment which is being expressed as a proportion of the original investment comparisons across companies unless the firms apply the same depreciation methods and also the same useful lives are applied among identical groups of assets.
A _____ is a qualified individual who is not actively looking for work but might be interested if the right job comes along.
Answer:
passive job candidate
Explanation:
Unemployment rate refers to the percentage of the total labor force in an economy, who are unemployed but seeking to be gainfully employed. The unemployment rate is divided into various types, these include;
I. Cyclical unemployment rate (CU).
II. Frictional unemployment rate (FU).
III. Structural unemployment rate (SU).
IV. Actual unemployment rate (AU).
V. Natural Rate of Unemployment (NU).
A passive job candidate can be defined as a qualified individual with the requisite experience and academic degree who is not actively seeking for employment (work) but might be interested in taking up one, if the right job comes along. Thus, a passive job candidate isn't actively seeking employment but whom recruiter seeks out and as such may be open to a good career job or relevant opportunities.
Rudy Company reports gross sales revenue of $5.2 million, net sales revenue of $5 million, and cost of goods sold of $3 million. Rounding to the nearest percent, the company's gross profit ratio would be
Answer:
40 %
Explanation:
Gross Profit ratio = Gross Profit / Net Sales x 100
where,
Gross Profit = Net Sales - Cost of Sales
= $2 million
thus,
Gross Profit ratio = $2 million/ $5 million x 100
= 40 %
The company's gross profit ratio would be 40 %
What are the effects on U.S. imports and exports when the U.S. experiences economic growth stronger than its major trading partners
Answer:
Imports will increase
Explanation:
Exports provide money into the system, increasing the GDP of the exporting country. If a country imports items, it does so from outside manufacturers. The money that is spent on imports departs the economy, lowering the GDP of the importing country.
Imports will rise if the United States' economic growth outpaces that of its main trade partners.
Wardsworth, Inc., manufactures and sells two products: Product I9 and Product Z9. Data concerning the expected production of each product and the expected total direct labor-hours (DLHs) required to produce that output appear below: Expected Production Direct Labor-Hours Per Unit Total Direct Labor-Hours Product I9 700 6.0 4,200 Product Z9 900 8.0 7,200 Total direct labor-hours 11,400 The direct labor rate is $26.00 per DLH. The direct materials cost per unit for each product is given below: Direct Materials Cost per Unit Product I9 $ 226.10 Product Z9 $ 151.20 The company is considering adopting an activity-based costing system with the following activity cost pools, activity measures, and expected activity: Activity Cost Pools Activity Measures Estimated Overhead Cost Expected Activity Product I9 Product Z9 Total Labor-related DLHs $ 463,980 4,200 7,200 11,400 Machine setups setups 9,814 300 400 700 Order size MHs 105,792 4,400 4,300 8,700 $ 579,586 The unit product cost of Product I9 under the company's traditional costing method in which all overhead is allocated on the basis of direct labor-hours is closest to: (Round your intermediate calculations to 2 decimal places.) rev: 03_25_2018_QC_CS-119201 Multiple Choice $466.22 per unit $626.30 per unit $687.14 per unit $455.06 per unit
Answer:
Predetermined overhead rate = Estimated overhead / Estimated direct labor hour
Predetermined overhead rate = $579,586 / 11400
Predetermined overhead rate = $50.84 per direct labor hour
Unit Product cost - Z9
Particulars Per unit cost
Direct material $151.20
Direct labor (8*$26) $208.00
Overhead (8*$50.84) $406.72
Unit Product Cost $765.92
Mary's Music Store reported net income of $149,000. Beginning balances in Accounts Receivable and Accounts Payable were $28,500 and $21,500, respectively. Ending balances in these accounts were $31,500 and $14,200, respectively. Assuming that all relevant information has been presented, Mary's net cash flows from operating activities would be:
Answer:
$138,700
Explanation:
Calculation to determine what Mary's cash flows from operating activities would be:
Net income $149,000
Less increase in A/R (3,000)
($28,500 - $31,500)
Less decrease in A/P (7300)
($21,500-$14,200)
Cash flows from operating activities $138,700
Therefore Assuming that all relevant information has been presented, Mary's cash flows from operating activities would be:$138,700
A negotiable CD is a: a short-term unsecured promissory note issued by a company to raise funds for a short time period. b loan to an individual or business to purchase a home, land, or other real property. c short-term fund transferred between financial institutions usually for no more than one day. d marketable bank-issued time deposit that specifies the interest rate earned and a fixed maturity date.
Answer:
d. marketable bank-issued time deposit that specifies the interest rate earned and a fixed maturity date.
Explanation:
A bank certificate of deposit (CD) can be defined as a secured form of time-bound deposit and a special low-risk savings account, wherein money (lump-sum) are left with the bank for a specific period of time in exchange for an interest rate premium.
Generally, a certificate of deposit pays a higher interest rate to its holder than the regular savings account because the banks invest the money in a business.
Additionally, the bank certificate of deposit is protected and insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000.
A negotiable certificate of deposit (NCD) can be defined as a type of certificate of deposit (CD) that has a minimum face (par) value of $100,000 and can't be redeemed before its maturity date i.e it doesn't allow the holder to withdraw money until the pre-determined date.
This ultimately implies that, a negotiable certificate of deposit (NCD) is a marketable bank-issued time deposit that specifies the interest rate earned (interest-bearing time deposits) and a fixed maturity date.
______ is a legal doctrine that requires employers to have a job-related reason for terminating employees, including violation of rules and poor performance.
Answer:
A wrongful discharge (dismissal)
Explanation:
An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.
Basically, an employee is saddled with the responsibility of providing specific services to the organization or company where he is currently employed while being paid a certain amount of money hourly, daily, weekly, or monthly depending on the contractual agreement between the two parties (employer and employee).
Hence, while an employer may be the owner of a business firm or company, an employee is a subordinate employed to provide unwavering services to the employer while also, being professional and diligent at all times.
A wrongful discharge (dismissal) refers to a legal doctrine that requires employers of labour to have a job-related and justifiable reason for the termination of an employee's contract, including violation of rules and poor performance by the employee.
PLEASE HELP!
Question: Give an example of a patent in business.
Answer:
Examples of inventions protected by utility patents are a microwave oven, genetically engineered bacteria for cleaning up oil spills, a computerized method of running cash management accounts, and a method for curing rubber.
Explanation:
Please Mark me brainliest
the marketing mix elements are called because they are under the jurisdiction of the marketiing department in an organization
Answer:
The answer is controllable factors
Answer:
false
Explanation:
false
. Super Fine Rice Ltd. Has the largest share of 55% in the market. The company's policy is to sell only for cash. In 2015, for the first time company's number one position in the industry has been threatened because other companies started selling rice on credit* also. But the managers of Super Fine Rice Ltd. Continued to rely on it's previously tried and tested successful plans which didn't work because the environment is not static. This led to decline in sales of Super Fine Rice Ltd. The above situation is indicating two limitations of planning which led to decline in it sales. Identify and explain these limitations
Answer: 1. Planning should not be rigid.
2. Planning does not guarantee success
Explanation:
The limitations of planning which led to decline in it sales are that planning should not be rigid and that planning doesn't always guarantee success.
Planning brings about rigidity. A plan that well defined is usually Dewan along with the goals that needs to be achieved and this is used in deciding the future curse of action that'll be taken. This can bring about rigidity in the organization. In this case, the managers of Super Fine Rice Ltd. continued to rely on it's previously tried and tested successful plans which didn't work because the environment is not static.
Also, planning does not guarantee success. Success can only be achieved in a situation whereby the plans are implemented properly. A plan that isn't implemented and translated into action will become meaningless.
Why may a company find it easier to operate in one country than in another? (Choose every correct answer.)
Calculate the return on investment for an advertisement from the given data. Net sales is $1,000, and advertising cost is $50.
Answer:
2,000 %
Explanation:
Return on investment for an advertisement = Sales / Advertisement Cost x 100
therefore,
Return on investment for an advertisement = $1,000 / $50 x 100
= 2000 %
what is the meaning of form of business organization? don't spam
Answer and Explanation:
A business organization is an entity that focused on carrying out the enterprise on commercial activity by giving the products or services in order to meet out the needs and wants of the customers.
Here are different types of business organization that includes sole proprietorship, general partnership, limited liability, corporation, etc and based on each form there are different tax liability, duties, responsibilities