Answer:
One of the great dangers in allocating common fixed corporate costs is that such allocations can make a product line look less profitable than it really is.
Explanation:
Therefore, care must be exercised so that a product line is not eliminated because the common fixed costs have been allocated to it such that it becomes unprofitable. This is why it is necessary to identify activity cost pools into which such fixed costs can be accumulated and from which they can be allocated to product lines. Using ABC costing approach, for instance, offers a means of escape because the system tries to allocate costs based on the level of usage or consumption of such common costs by each product line instead of using arbitrary allocation formulas.
_____, a term used to describe lost productivity as a result of an employee using a work computer for personal reasons, is certainly another concern technology can create.
Answer:
Cyberloafing
Explanation:
Cyberloafing is a when an employee uses their Internet access at work for personal use while pretending to do legitimate work.
An example of cyberloafing is when an employee is supposed to be entering data on Microsoft excel decides to check her Instagram
In which country can prospective employers ask job applicants to report personal characteristics such as age and marital status
The question is incomplete:
In which country can prospective employers ask job applicants to report personal characteristics such as age and marital status:
a. United States
b. India
c. United Kingdom
d. All of these
Answer:
b. India
Explanation:
-In the United States, employers can't ask candidates questions about their origin, age, marital status or other personal information because this would be a violation of the Title VII of the Civil Rights Act of 1964.
-In India, employers can ask candidates about personal information like family, age and marital status.
-In the United Kingdom, employers are not allowed to ask candidates about protected characteristics like age, marital status, disability and sex as this would be considered discrimination.
According to this, the answer is that the country in which prospective employers can ask job applicants to report personal characteristics such as age and marital status is India.
The medium price of a product is determined by a. competitors' price ± fudge factor. b. the customer's willingness to pay. c. the product's popularity. d. cost + markup.
Answer:
The correct option is;
a. Competitors's price + Fudge Factor
Explanation:
Product pricing consideration involve considering prices that are either high, medium range or low priced which make up the high end, middle, and low price pricing strategies
The high end pricing strategy involves finding out the amount the consumer is willing and has capacity to pay for and fixing the price at that range
The low price, pricing strategy is cost based with addition of an extra amount above the calculated cost
The medium pricing strategy is based on the competitive pricing, whereby the basis of pricing is the price of the competing product and the price of the product is the competitors price plus or minus a Fudge factor.
The competitors' price plus fudge factor determines the medium price of a product.
The medium price refers to the average price which is fixed and acceptable for exchange of goods/services produced by a firm.
The Fudge factor refers to level of amount by which a budget has been adjusted to make it seem acceptable. So, its plays a big role in determination of the average price for a product.The price of similar goods/services offered by the competitors also determines the medium price because the firm will not want to be at disadvantage in the market because of higher price levelTherefore, the Option A is correct because the competitors' price plus fudge factor determines the medium price of a product.
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Crystalize is a decorative glassware manufacturer. The company's production team takes 8 hours to produce 96 identical glass items. Which of the following is the labor productivity of Crystalize?A) 10 items per hour.
B) 12 items per hour.
C) 0.08 hours per item.
D) 0.09 hours per item.
A company that controls finances in the home country and decentralizes production, sales, and marketing operations to other countries is using a ________ strategy. .
Answer:
D) multinational
Explanation:
A multinational company is that company in which the business carry out their operations in various countries. Here the parent company is based on home country while the other units of the company are located in other countries
The company that controlled their finance area in the home country and the operational activities that are related to the production, sales, marketing are decentralized
So here the company is using the multinational strategy
TB MC Qu. 06-49 Radakovich Corporation has provided the... Radakovich Corporation has provided the following data from its activity-based costing system: Activity Cost Pools Total Cost Total Activity Assembly $ 1,372,578 61,800 machine-hours Processing orders $ 63,235 2,010 orders Inspection $ 151,316 2,090 inspection-hours The company makes 600 units of product F60N a year, requiring a total of 1,200 machine-hours, 78 orders, and 34 inspection-hours per year. The product's direct materials cost is $49.55 per unit and its direct labor cost is $12.44 per unit. The product sells for $128.70 per unit. According to the activity-based costing system, the product margin for product F60N is: (Round your intermediate calculations to 2 decimal places.) $40,026.00 $10,920.12 $8,458.52 $10,912.40
Answer:
$8,460
Explanation:
The computation of product margin for product F60N is shown below:-
Total overhead cost = ($1,372,578 × 1,200 ÷ 61,800) + ($63,235 × 78 ÷ 2,010) + ($151,316 × 34 ÷ 2,090)
= $26,652 + $2,454 + $2,462
= $31,568
Per unit overhead cost = $31,568 ÷ 600
= $52.61
Per unit cost = Direct material + Direct labor + Overhead cost
= $49.55 + $12.44 + $52.61
= $114.60
Finally
product margin for product F60N is = (Selling price - Per unit Cost) × Number of units sold
= ($128.70 - $114.60) × 600
= $14.1 × 600
= $8,460
Being less dependent on suppliers and making profits on both parts and the final product are advantages of:_______.
Answer: Vertical integration
Explanation:
vertical integration is simply a situation whereby an organization's or company's supply chain is owned by that organization or company.
Therefore, being less dependent on suppliers and making profits on both parts and the final product are advantages of vertical integration.
Simone started the meeting at BCD Co. by focusing the attendees on the company's current status. "We have a good product mix," she stated. "To continue to grow, we need to target more segments." Which strategic path is Simone pursuing?
Answer:
Market development
Explanation:
Market development can be described as a marketing strategy in which new market segments are identified and developed for current products of a company.
The focus of a market development strategy are the existing customers and new customers in the targeted segments that are not currently buying the products of the company.
Market development is therefore a marketing strategy that is employed when a company wants to expand its total market by making effort to promote its current product to new consumers or a new geographical area.
From the question, the statement that "To continue to grow, we need to target more segments" by Simone indicates that the strategic path Simone is pursuing is market development.
A business that consumes $3,000 of resources to make a product that is sold for $4,000 has earnings or ____ of $1,000. (Enter only one word per blank.)
Answer:
Profit
Explanation:
The term profit is a term used to describe financial gain. The profit is the difference between the amount of money earned on a business transaction involving the sale of an item or service, to the amount spent to produce, to procure, or the put in a function condition.
In the question, the amount consumed or spent to make the product = $3,000
The amount for which the product was sold = $ 4,000
The profit = 4,000 - 3,000 = $1,000.
Which of the following statements is true? The Medicaid program cover everyone below the poverty line Government health insurance programs are limited to low-income Americans Almost half of medical care costs in the U.S. is paid by government The Medicare program runs a surplus
Answer:
C). Almost half of medical care costs in the U.S. is paid by the government.
Explanation:
The second statement that asserts a true claim regarding the funding of medical care in the United States. The federal government in total funds 65% of the funds spent on Medicaid and around 80+% for CHIP(Children's healthcare program). Nearly 18% of GDP is spent by the federal government on funding the expenditures incurred on health care as it is highly concerned about the health of its citizens as a healthy state can only be the leading and the most powerful one. Last year, around 1.2 trillion dollars were spent on the healthcare budget and the goals are to reach higher. Thus, this statement asserts a true claim and hence, option C is the correct answer.
Which form does RESPA require lenders to use to detail the costs that the buyer and seller will pay at closing?
Answer:
The correct answer will be "Closing Disclosure ".
Explanation:
A Closing Disclosure seems to be a 5-page document that supplies the final information regarding your designated conventional mortgage. This covers the details of the settlement, the estimated interest payments including whether you'll pay for the mortgage in deposits as well as other costs. The applicant is expected to provide you with the Closing Notice at least 3 days on average well before the mortgage closes.A company has net working capital of $0, current liabilities of $25 and total assets equal to $100. What is its current ratio?
a) 0.0
b) 1.0
c) 0.5
d) 4.0
Eliminating modification anomalies is a(n) ________ of normalization.Immersive Reader (2 Points) advantage disadvantage either an advantage or disadvantage neither an advantage nor disadvantage
Answer:
The correct answer is the first option: Advantage.
Explanation:
To begin with, the name of "Normalization" refers to the process of structuring a relational database alongside with normal forms with the purpose to reduce the amount of data redundancy and increase and improve the amount of data integrity. Most of the cases, the normalization concludes when the relational database meets the third normal form, that is considered to be free of insertion, updated and free of anomalies due to the fact that it deletes them. That is why that the elimination of modificating anomalies is an advantage of normalization.
If the first four units of a good consumed have marginal utilities of 8, 4, 2, and 1, respectively, this trend is an indication of the:________
Answer:
The law of diminishing marginal utility
Explanation:
The Law Of Diminishing Marginal Utility states that all else equal as consumption increases the marginal utility derived from each additional unit declines.
Marginal utility was the highest when only one unit was consumed. As consumption increased, marginal utility declined
Starting from long-run equilibrium, an increase in autonomous investment results in ____ output in the short run and _____ output in the long run.
Answer:
higher and potential output
Explanation:
Starting from long-run equilibrium, an increase in autonomous investment results in higher output in the short run and potential output in the long run.
This is because in concept of economics the long run the prices are at equilibrium and the highest level of real gross domestic product is been attained in contrast to the shortrun where the autonomous investment in increased output than that of before.
The optimum approach for escalation is based on a thorough integration of the monitoring process into the
Complete Question:
The optimum approach for escalation is based on a thorough integration of the monitoring process into the __________.
Group of answer choices
a. IDE
b. IRP
c. CERT
d. ERP
Answer:
b. IRP
Explanation:
The optimum approach for escalation is based on a thorough integration of the monitoring process into the incident response plan (IRP).
An incident response plan can be defined as a written plan which comprises of a set of instructions that assists Information Technology (IT) staffs and professionals recognize, respond to, and recover from cybersecurity incidents. The Incident response plan (IRP) is made up of six (6) distinct phases that are used by administrators to address issues like cyber crime or cybersecurity breach, data loss, and service outages that usually affect the user's daily work.
The six (6) distinct phases that make up an incident response plan (IRP) are:
1. Preparation.
2. Identification.
3. Containment.
4. Eradication.
5. Recovery.
6. Lessons learned by users.
Because both cities are located quite far from each other, a company can charge different prices in each without fear of reselling. What prices would it charge in each city
Answer :$3
Explanation:
Considering the distance between each city the company will charge $3 for the top up on each product they sell. Distance contributes to price difference for industries, as their products are being sold in different location there is usually a need to sell with an additional cost by the company to meet up with needs and adjustment caused by the divers location.
A customer who is age 75 has been taking RMDs (Required Minimum Distributions) each year from his Traditional IRA in cash. This year, he asks his representative if he can take the distribution in the form of shares of a mutual fund position in his account. He tells the representative that because it has been a bear market, the share price is depressed and rather than liquidate, he would like to take the shares into his cash account at the firm, awaiting a market rebound. You should tell him that the RMD can:____________
Answer:
Taking his RMD in form of shares in a depressed market is a good investment decision. As the price will bound back and he will make more money.
Explanation:
When a traditional IRA holder gets to the age of 72 years he is entitled to required minimum distribution payments. This is not obtainable with other IRA plans.
RMD can be taken as cash or as shares. There is not tax difference between the two options.
Normally cash is better since it is easier to get access to and the beneficiary gets the exact dollar amount.
However when there is a depressed stock market, taking RMD in shares is a better option. Shares are bought and sold when prices appreciate.
This is a better option than selling shares at the low market price.
When the agency relationship has been terminated, the licensee is no longer considered the principal’s agent and does not owe any further duties to the principal, except for the following?
a. Loyalty
b. Accounting
c. Obedience
d. Care
Answer:
d. Care
Explanation:
In such a scenario, the licensee does not owe any further duties to the principal except for confidentiality (care of private information). This is because when he was the principal's agent he was bound to maintain all private information shared between them as confidential. Terminating the relationship does not give the licensee the right to share any of the private information that he managed to see during that time.
When you buy at a low price in one market then sell at a higher price in another market you are engaging in:__________
Answer:
The answer is abitrage
Explanation:
Abitrage is sometimes called riskless profit. It is about taking advantage of price difference in the market. Abitrage improves market efficiency because the mispricing are quickly exploited.
Arbitrage involves buying security A at $10 in city X and the same security is being sold for $15 in city Y. If the market participant exploits this mispricing, he is known to engage in abitrage.
On January 1, 20x6, Windows Incorporated has $14,218 in partially completed windows in their inventory. During the month of January, they incur another $5,247 to finish the windows, $37,922 to complete another 120 windows, and $9,732 to start 50 more windows. What is the total cost of work in process for the month of January?
Answer:
Explanation:
Work in process is a term used to describe partially completed goods , that are turned from raw materials to finished goods within a shot space of time. Therefore , to calculate the work in process , every cost incurred in the month of January will be relevant
Workings
Opening inventory of partially completed window = 14,218
Cost to finish 5,247
Cost to complete another 120 windows in January 37,922
Cost to start another 50 windows in January 9,732
Cost of work in process 67,119
"FINRA's IPO purchase restrictions that prohibit industry personnel from buying new issues in the primary market apply to:"
Answer:
Common stock offerings.
Explanation:
FINRA is an acronym for Financial Industry Regulatory Authority. It is a non-profit agency in the United States of America, that is saddled with the responsibility of handling the licensing and regulation of broker-dealers in securities.
FINRA's initial public offering (IPO) purchase restrictions that prohibit industry personnel from buying new issues in the primary market apply to common stock offerings. The rule made by the financial industry regulatory authority (FINRA) which restrict a registered firm and its employees from buying new issues in the primary market made available by underwriters, only apply to common stock offerings (equity stocks) because the pricing of common stocks usually has a big expectation feature that is typically difficult to measure.
Additionally, the FINRA's purchase restrictions do not apply to bond or preferred stock offerings.
Wilson Tech's production cost data for the current period is: Beginning Work‐in‐Process 0 units Units Started 16,000 units Units Transferred Out 9,800 units Ending Work‐in‐Process 6,200 units Materials are entered at the beginning of the process. The Ending Work‐in‐Process units are 40% complete as to conversion costs. Using the FIFO method, what are the equivalent units of production for conversion costs?
Answer:
12,280 units
Explanation:
equivalent units of conversion (under FIFO) = [units in beginning inventory x ( 1 - previous conversion rate)] + units started and completed + (units in ending inventory x conversion rate) =
units in beginning inventory = 0units started and completed = 9,800units in ending inventory = 6,200equivalent units of conversion (under FIFO) = 0 + 9,800 + (6,200 x 40%) = 9,800 + 2,480 = 12,280 units
What refers to evaluating how well an organization is achieving its goals and taking action to maintain or improve performance?
Answer:
Controlling.
Explanation:
Controlling refers to evaluating how well an organization is achieving its goals and taking action to maintain or improve performance.
It is an important and essential task that needs to be performed by a functional manager, supervisor or employer.
Assume that there is a fixed rate of interest on contracts for borrowers and lenders. If unexpected inflation occurs in the economy, then
Answer:
The borrower will be benefited and the lender will be in harm.
Explanation:
Then the borrower will be benefited and the lender will be in harm because the inflation in the economy reduces the purchasing power or it depreciates the value of the currency. Therefore, if there is unexpected inflation then the borrower will get the benefit, here the value of paid money is less as compared to the value of money when is borrowed. Similarly, the lender will be in loss because the current value of money has decreased.
A ledger account is divided into. *
2 points
2 parts
3 parts
4 parts
5 parts
14 parts
Which of the following transactions involves contra entry? *
2 points
Bank charges
Cash sales paid into the bank
Paid cash into the bank
Withdrew cash from the bank for private use
Putting it in one's pocket
The main book of account is the *
2 points
petty cash book
journal
purchases book
ledger
none of the options
The following keys are found in both the computer and typewriter except *
2 points
back space
delete key
home row keys
space bar
number lock key
Which of the following analyses cash expenses into various sub-heads? *
2 points
Double column cash book
Multiple cash book
Petty cash book
Single column cash book
Quadruple column cash book
“Continue with the preceding one” is represented with which of these symbol signs in manuscript? *
2 points
L. c
B. U. c
insert
Run on
go away
How many columns has the simplest form of a ledger? *
2 points
2
4
6
8
12
When typing a document in a hanging paragraph, the second and subsequent lines are type in how many space/s to the right of the first line? *
2 points
One
Two
Three
Five
Four
A memorandum should not contain *
2 points
date and reference
date and subject
salutation and address
name and date
subject, date and reference
The source document that is used to prepare the petty cash book is called *
2 points
invoice
debit note
receipt
petty cash voucher
cash booklet
Answer:
1) 2 parts
2) withdrew cash from Bank for personal reasons
3) ledger
4) delete key
5) petty cash book
6) run on
7) 4
8)three
9) date and subject
10) receipt
To assess the risk and return involved in a purchase decision, which practical questions should a potential buyer ask
Answer:
The potential buyer will ask three questions such as:
What is the likely return? What can go wrong? Is the risk worth the return?Explanation:
To determine the uncertainty including returning associated throughout a purchasing decision, the realistic decision that the prospective purchaser wants to respond to or inquire is something listed above.Because the purchaser wants to be sure concerning the possibilities acceptable to him regarding the probability of their return frequency including the uncertainties implicit throughout the returns.
Answer:
-What can go wrong?
-What is the likely return?
-Is the risk worth the return?
Explanation:
Got it right on e2020
At Panther Lighting Fixtures,employees were asked how the quality of the company's customer service could best be measured,and management then implemented a survey system based on the feedback.The company has overcome which of the following barriers to success of control systems?
A) overemphasis on one instead of multiple approaches
B) overemphasis on paperwork
C) overemphasis on means instead of ends
D) too little employee participation
E) too much control
Answer:
D) too little employee participation
Explanation:
Since in the question, it is mentioned that the for best customer service what actions to be taken by the employees so that the quality could become better
There is a survey done i.e. depend upon the feedback
Now to overcome this, the option D is appropriate as it contains that there is too less employee participation that became the barriers for success the control system and if the employee participated is there so automatically the company could give the better customer service as compared to before
Bob leased an apartment for three years from the Steiners. He was never late on his rent in those three years, kept the apartment immaculate, and never caused a moment of trouble. He has recently purchased his first home and moved out of the apartment. As expected, Bob gave the Steiners sixty days’ notice he would be moving and left the apartment in perfect condition. It has been 45 days since he moved out and he's been watching for his security deposit refund to purchase a new sofa. When should he expect his security deposit refunded?
Answer:
The remaining part of the question is:
When should he expect his security deposit refunded?
1. If there had been no damage or cleaning required, which seemed highly unlikely in Bob’s case, the landlord should have refunded his security deposit within 21 days of Bob’s vacating the property.
2. If there had been no damage or cleaning required, which seemed highly unlikely in Bob’s case, the landlord should have refunded his security deposit within 30 days of Bob’s vacating the property.
3. If there had been no damage or cleaning required, which seemed highly unlikely in Bob’s case, the landlord should have refunded his security deposit within 14 days of Bob’s vacating the property.
4. None of the Above.
Correct Answer:
1. If there had been no damage or cleaning required, which seemed highly unlikely in Bob’s case, the landlord should have refunded his security deposit within 21 days of Bob’s vacating the property.
Explanation:
According to the tenancy agreement which is binding between landlords and tenants, the most logical time fora tenant to be refunded his deposit would be within 21 days of exiting the apartment. Especially, if there has been no damage on the said apartment whatsoever.
On October 1, Company B records 1 year of prepaid rent in an income statement account then adjusts for the unexpired prepaid rent at the end of the period. What would be true for Company B's financial statements at December 31 year-end?
Answer:
The first journal entry was not the most appropriate, but since the mistake was correctly adjusted at the end of the year, both assets and expenses will be the same whether they did it correctly the first time or they had to adjust a mistake at the end of the year.
E.g. something like this happened
October 1, rent expense for 1 year
Dr Rent expense 12,000
Cr Cash 12,000
December 31, adjustment to rent expense
Dr Prepaid rent 10,000
Cr Rent expense 10,000
they should have recorded it as:
October 1, prepaid rent for 1 year
Dr Prepaid rent 12,000
Cr Cash 12,000
December 31, adjustment to rent expense
Dr Rent expense 2,000
Cr Prepaid rent 2,000
Whichever way you recorded the transactions, the balances a the end of the year would be:
prepaid rent (asset) $10,000
rent expense (expense) $2,000