The normal balance side of a liability account is the credit balance.
In accounting, normal balance refers to the normally expected debit or credit balance for a particular account. This concept is commonly used in double-entry bookkeeping.
For example, in a business asset account, regular balances are debits (that is, receipts). I expect my credit account to have a normal debit balance.
Conversely, in business liability accounts, the normal balance consists of the balance, the money you owe. I expect my credit account to have a normal credit balance.
Understanding regular balances and their place in double-entry bookkeeping helps support good accounting practices within an organization.
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which of the following is true? the market demand curve for a product is the vertical summation of the demand curves of the individuals in the market. a fall in a good's price leads to a decrease in quantity demanded, illustrated by moving along a demand curve. according to the law of demand, other things equal, when the price of a good or service falls, demand increases. a change in demand for chocolate bars is caused by a change in the price of chocolate bars. none of the above is true.
The true statement is C: "According to the law of demand, other things equal, when the price of a good or service falls, demand increases".
The law of demand states that there is an inverse relationship between price and quantity demanded: as the price of a good or service decreases, the quantity demanded increases, and vice versa. This relationship is illustrated by a downward-sloping demand curve, with the quantity demanded on the x-axis and the price on the y-axis. A fall in a good's price leads to an increase in quantity demanded, which is shown by moving along the demand curve from a higher to a lower price.
The market demand curve for a product is the horizontal summation of the demand curves of all individuals in the market, not the vertical summation. A change in demand for a good can be caused by a variety of factors, including changes in price, income, tastes, expectations, and the availability of substitute goods, not just changes in the price of the good itself.
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kelly is trying to save $5,000. she currently has $3,960. kelly wants to put the money in a cd at a bank that offers 3% interest on long-term cds. what else does kelly need to know to determine which cd she should choose?
Kelly needs to know what the minimum deposit amount is for the CD she is considering.
She also should consider how long the CD term is, as most longer-term CDs offer higher interest rates. Additionally, Kelly should research whether the bank charges any fees for investing in a CD, and if so, how much those fees are.
Lastly, she should determine whether the bank offers any other benefits, such as free checking or other banking services, if she invests in their CD.
By researching all of these factors, Kelly can determine which CD best meets her needs, as she works toward her goal of saving $5,000. While the interest rate is important, it is also important to consider the other factors since they can have a significant impact on her total return on investment.
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within a business organization, a profit center that is self-supporting in terms of sales, markets, production, and other resources is known as a a. profit entity. b. strategic business unit. c. marketing program. d. small business. e. diversified corporation
Within a business organization, a profit center that is self-supporting in terms of sales, markets, production, and other resources is known as a strategic business unit.
What is a strategic business unit?
A profit center within a business organization that is self-supporting in terms of sales, markets, production, and other resources is known as a Strategic Business Unit (SBU). An SBU operates as a separate business unit within a larger organization and is responsible for its own profit and loss, and has its own set of objectives, target markets, and strategic plans.
Hence, the answer is, b. strategic business unit.
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one computer would save the company $300 per year. calculate the marginal benefit of each computer.
The marginal benefit of each computer is $300 per year. This value represents the additional savings that the company would receive for each additional computer that is purchased.
This calculation takes into account the fixed costs of the initial computers and focuses solely on the incremental benefit of purchasing one more unit. To calculate the marginal benefit, we need to consider the difference in total savings that the company would receive between purchasing n computers and purchasing n+1 computers. In this case, the difference would always be $300, regardless of the number of computers that have already been purchased. This is because the marginal benefit of a good remains constant as long as the total supply of the good is perfectly elastic. In other words, the company can purchase as many computers as they want without having to pay any additional costs.
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These financial statement items are for Blossom Company at year-end, July 31, 2022. Salaries and wages payable $2,500 Salaries and wages expense 50,000 Utilities expense 22,000 Equipment 20,000 Accounts payable 4,000 Service revenue 60,000 Rent revenue 8,000 Notes payable (due 2024) 1,600 Common stock 15,000 Cash 20.000 Accounts receivable 12,500
A $4000 net loss will be suffered by Blossom Company.
An income statement contains what?An income statement displays the historical sales, expenses, and profitability of a business. It is also occasionally alluded to as a profit-and-loss (P&L) or earnings statement.
The goal of an income statement is to show a company's financial performance over a certain period of time. It tells the story of how a company's activities have been financially. An income statement will list all of the revenue and spending accounts for a certain time period.
The following calculations must be performed according to the situation using the information provided:-
Income Statement
Particular Amount ($)
Revenue from Service 60,000
Revenue from Rent 8,000
Less-Salaries and wages expenses (50,000)
Less-Utilities expenses (22,000)
Net loss (4,000)
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what approach illustrates the value of an organization differentiating its human resources relative to competitors to gain a competitive advantage? group of answer choices balanced scorecard organizational performance strategy best practices
The approach that illustrates the value of an organization differentiating its human resources relative to competitors to gain a competitive advantage is the balanced scorecard.
The balanced scorecard provides a framework for organizations to measure and manage their performance, including their human resources. By differentiating its human resources, an organization can gain a competitive advantage by attracting and retaining the best talent, improving employee engagement and productivity, and aligning employee efforts with the organization's strategic objectives.
The balanced scorecard helps organizations to measure the impact of these HR initiatives on overall organizational performance and provides a way to track progress over time.
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Should Ms. Linn purchase the $39M capsize? Make 2 different assumptions. First, assume that Ocean Carriers is a U.S. firm subject to 35% taxation. Second, assume that Ocean Carriers is located in Hong Kong, where owners of Hong Kong ships are not required to pay any tax on profits made overseas and are also exempted from paying any tax on profit made on cargo uplifted from Hong Kong.
The choice to buy the $39 million capsize vessel in the Ocean Carriers case study is a difficult one that is influenced by a variety of factors. Two potential assumptions.
That could have an impact on the choice are as follows:
Assumption 1:The long-term demand for capsized vessels is still quite high. Owning the $39 million capsize vessel may be a wise investment for Ocean Carriers if there is a long-term need for them. The company would be able to secure a steady source of income by renting out the vessel to other businesses.
Assumption 2There is little short-term demand for capsized vessels: If there is little short-term demand for capsized vessels, purchasing the $39 million capsize vessel could not be a wise financial decision for Ocean Carriers. The business could We made the assumption in our research that the ship will be sold after 15 and 25 years, with or without tax.
For the sale of the steel to the demolition company, the ship had a salvage value of $5 million in both sets of calculations. As a result, when exports drop, the spot rate drops significantly along with demand while the charter rate is fixed and doesn't change.
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An electrical contractor's records during the last five weeks indicate the number of job requests: week: 1 2 3 4 5 requests: 20 22 18 21 22 predict the number of requests for week 6 using each of these methods:
(a) Naïve = 22 (since it predicts that the fundamentals of future will be the same as today. So it will be 22 in 5 weeks, and 22 is also anticipated in 6 weeks. 4 year moving average (b) Week F 4-year relocation.
What does a contractor in electrical work do?Electrical system installation, upkeep, and repair are the responsibility of electrical contractors. This covers both high-voltage systems, like those found in power plants and other sizable industrial facilities, as well as low-voltage systems, like those found in public areas or commercial establishments.
What four types of electricians are there?When pursuing a career as an electrician, there are four specialty areas to select from. These jobs include home wiremen, installer technicians, indoor wiremen, and exterior lineman.
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the year is 1910, and you have been invited to visit the manufacturing facility of skyway luggage. the owner of the company, a.j. kotkins, wants your perspective on how to make his employees more efficient and productive at their work. he has also invited several other management experts, who are considered to be the leading thinkers of the day. these management scholars want to discuss whether a.j. will benefit from using scientific management, bureaucratic management, or administrative principles in his factory. as you all sit in the skyway conference room, a lively conversation breaks out.
Which the following management theoritist is most likey to have been at the meeting?
a. Abraham Masiow
b. Elton Mayo
c. Henry Fayol
d. Douglas McGregor
The most likely management theorist to have been at the meeting is Henry Fayol, option C is correct.
Fayol was a French industrialist who is credited with developing the theory of scientific management. He believed that the principles of scientific management should be applied to the organization of industrial enterprises.
He also argued for the establishment of a clear hierarchy and chain of command, as well as a focus on the specialization of labor. He was a proponent of the idea that an organization should be structured in a way that would optimize efficiency and productivity.
He also argued for the implementation of a system of rewards and incentives to motivate employees. His ideas had a great influence on the development of modern management theory and practice.
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What cost term best fits the following descriptions? Choose from the following list of terms: direct cost, indirect cost, cost object, trace, allocate, and assign. Terms may be used more than once.
Using the terms direct cost, indirect cost, cost object, trace, allocate, and assign .Cost object is the term best fits the following descriptions.
What does the phrase "cost object" mean?
A cost object is something to which expenses are attributed, and the phrase is most commonly used in cost accounting. Product lines, geographical regions, clients, departments, or anything else for which management would wish to quantify cost are typical examples of cost objects. Cost is the amount of money spent by a business to produce or provide goods or services. It excludes the profit margin markup. Cost is the sum of money spent on making a thing or product, as seen from the seller's perspective.
A cost that can be easily linked to a cost object is said to be direct.
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what is the average base salary of a data scientist reported by the new york times coursera
According to the New York Times, a data scientist makes an average basic salary of $85,000 plus a lucrative incentive.
Base pay is the employee's basic compensation, which excludes any benefits, bonuses, or raises. It's the compensation an employee receives in return for their labour. An employee's basic pay may be set as an hourly rate, a week, biweekly, monthly, or annual wage. The amount of your paycheck is fixed when you earn a salary. For the remainder of your work or until the conditions are changed, whichever occurs first, you will be reimbursed your annual pay. These kinds of implicit costs exist.
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The factors that affect a company's P/Q rating for UAV drones do NOT include the amount a company spends on training its drone-related PATs and improving its drone- related assembly methods.
a. a company's cumulative spending on product advertising b.the caliber of the built-in action-capture camera. c. the number of drone models the company assembles in its drone production facility. d.the caliber of the obstacle sensors used a company's drone models.
The factors that affect a company's P/Q rating for UAV drones do NOT include a company's cumulative spending on product advertising. The correct answer is option A.
The factors that affect a company's P/Q (Price-to-Quality) rating for UAV drones include the caliber of the built-in action-capture camera, the number of drone models the company assembles in its drone production facility, and the caliber of the obstacle sensors used in a company's drone models.
However, the amount a company spends on training its drone-related PATs (Pilots, Assembly Technicians) and improving its drone-related assembly methods does not directly impact the company's P/Q rating.
The quality of a company's built-in action-capture camera directly affects the overall value of its drones for users who value high-quality aerial photography.
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A family buys a car for $20,000. The value depreciates or decreases at 20% each year. What is the value of the car after 6 years?.
Answer:$5242.88
Explanation:
a manufacturing company has a beginning finished goods inventory of $29,300, cost of goods manufactured of $59,500, and an ending finished goods inventory of $28,600. the cost of goods sold for this company is:
$60,200
Beginning Finished Goods + Cost of Goods Manufactured - Ending Finished Goods = Cost of Goods Sold; $29,300 + $59,500 - $28,600 = $60,200.
Manufacturing is the process of creating or producing items with the aid of resources such as machinery, manpower, tools, chemicals, or biological formulations. It is the core of the economy's secondary sector. The phrase can be used to describe a variety of human endeavours, from handicraft to high-tech, but it is most frequently used to describe industrial design, which entails the massive transformation of raw materials from the primary sector into completed commodities. Such products may be delivered via the tertiary industry to end users and customers or sold to other manufacturers for the creation of other, more sophisticated products (such aircraft, home appliances, furniture, sports equipment, or vehicles).
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white sold his business to phipps. as part of the sale contract, phipps agreed to pay off a bill white owed to one of his suppliers. this supplier is what type of beneficiary of the sales contract?
The supplier is a third-party beneficiary of the sales contract between White and Phipps.
A third-party beneficiary is a person or entity who benefits from a contract even though they were not directly involved in the agreement.
In this case, the supplier is a third-party beneficiary because they are receiving the benefit of having a debt owed to them paid off as a result of the contract between White and Phipps.
The contract between White and Phipps specifically mentions that Phipps has agreed to pay off a debt owed to the supplier, so the supplier is entitled to the benefit of having that debt paid, even though they were not party to the contract. This is an example of how contracts can impact people who were not directly involved in the agreement.
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when the value of a loyal customer (vlc) market segment is high, should these customers be given premium goods and services for premium prices? if the vlc is low, should they be given less service?
Loyal customer frequently stick to one brand. They are incapable with cost until and except if the assistance given by the organization is great. The devoted client are the client who gives greatest benefit to the organization straightforwardly and in a roundabout way.
One clear explanation is they give benefit to the labor and products bought and other is they spread the words to others which can tend to becomes expected client there by expanding deals income. Subsequently with this advantage, the organization ought to give steadfast client premium labor and products at premium cost.
On the off chance that the worth of the dependable client is low, the organization should attempt to make possible client. This should be possible by offering great assistance and quality item at right cost.
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_______gdp or adjusted gdp is an important measure of output because it allows valid comparisons between different years.
Real GDP or adjusted GDP is important measure of output because it allows the valid comparisons between different years.
What is Real GDP?Real gross domestic product (GDP) is an indicator of an economy's overall output that takes inflation into account and reflects the value of all goods and services produced over a given year. real GDP as measured by base-year prices. Other names for it include constant dollar GDP, constant price GDP, and inflation-corrected GDP. In order to evaluate a country's entire economic output, real GDP merely adjusts for price changes. Real GDP is a macroeconomic indicator that takes inflation into account and calculates the value of the goods and services an economy produces over a specific time frame. In essence, it evaluates the whole output of a country's economy after taking price fluctuations into account.
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Marketing research includes all of the following EXCEPT
A. collecting data.
B. creating data.
C. recording data.
D. interpreting data.
E. analyzing data.
The correct option is: B. creating data. Data has become a crucial resource for businesses as they move online.
Business data can assist with forming the backbone of an organization's customer service efforts and assist a business with learning more about customer desires, complaints and business operations. Being familiar with data in business can assist you with understanding how present day companies use it for success. In this article, we characterize business data, explain its importance, showcase various types of data in business and give examples to context.
Business data is the aggregate information related to a company and its operations. This can incorporate any statistical information, raw analytical data, customer feedback data, sales numbers and other sets of information.
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What are 5 relevant ideas from the above link That
will help you grow your Business and How would you use them. Be Specific!
1-) https://bombbomb.com/blog/business-relationships-quiz-how-many-of-your-contacts-pass-this-test/
It takes creativity and a willingness to try new things to expand a small firm. The best small business expansion ideas are ones that let you operate more quickly and intelligently while yet keeping consumers happy.
What are business ideas?
An idea for a business that can be started, be successful, and expand into a larger lucrative business is referred to as a viable business idea.
Everyone has an entrepreneurial concept. Though not all company concepts are successful. Before a business can be started, its concept must be evaluated to determine whether it is viable. The ability of a business to continue operating, generate a profit, and eventually expand is referred to as its viability.
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does krispy kreme give you free donuts for good grades
Unfortunately, Krispy Kreme does not offer free donuts for good grades.
However, the company does have a rewards program that provides customers with exclusive offers and deals. Customers can sign up for the rewards program and earn points for every purchase they make. These points can then be redeemed for free donuts and other goodies.
Although Krispy Kreme doesn't offer free donuts for good grades, customers can still enjoy the delicious treats and save money while doing so.
Additionally, Krispy Kreme has a variety of other ways to save, including limited-time offers, discounts, and coupons. With so many ways to save, it's easy to enjoy Krispy Kreme and still get a good deal.
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what are the major resource depencies for high-end restaurants? that is, who do they depend on most for critical resources needed to survive?
You need quality kitchen and front office utilities that you can source from a trusted supplier or manufacturer. We design the appliances, cutlery, and other equipment you need to hold your table, chairs, stove, oven, and run your restaurant.
Project dependencies, also known as task dependencies, are order-based relationships between tasks. A dependent task requires one or more other tasks to be completed or started before the team can begin work. Think of project dependencies as a set of gears that cannot move forward without each other. By creating and using dependencies, your workflow can be completed correctly every time.
Project management has five main dependencies. The four internal dependencies are based on logic, resources, configuration and best practices, and cross-team dependencies. Additionally, some dependencies come from external sources.
The most important dependencies for project management are:
Logical: Logical dependencies follow logically based binaries. B. if-then statements. Some tasks must be completed before others are completed. A logical dependency follows a predictable path from beginning to end.Resource-based: Resource-based dependencies deal with available resources rather than task completion. Resource dependencies can focus on availability of labor, funds, materials or software, and upgrades.Overriding: Overriding dependencies refer to best practices for completing a task. These dependencies suggest that it is best to let the glue dry or mature the data before proceeding to the next task in the sequence.Cross-team: Cross-team dependencies relate to deliverables and tasks completed by other teams.Learn more about Manufacturer:
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What step of the marketing plan is developed after a marketer has completed the situation analysis?
a. competition analysis
b. marketing strategy
c. BCG matrix
d. SWOT analysis
e. mission statement
After completing the situation analysis, the next step in the marketing plan is to develop the marketing strategy. So, the correct answer is Option B.
The situation analysis helps the marketer understand the current market situation, and the marketing strategy outlines how the company will address the opportunities and challenges identified in the situation analysis.
The marketing strategy includes defining the target market, determining the marketing mix (product, price, promotion, and place), and setting goals and objectives. The marketing strategy serves as a blueprint for the rest of the marketing plan and provides the direction for the company's marketing efforts.
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TRUE/FALSE. receiving reports are used in job order costing to record the cost and quantity of materials:
True; receiving reports are used in job order costing to record the cost and quantity of materials.
To record the contents of a delivery to a firm, a receiving report is employed. The employees of the company accepting the delivered items fill out the form. On a receiving report, the following details are often present:
the package was received on the specified day and time.Name of the delivery firm that sent the packages Description of each item you gotreceived quantities for each itemif indicated on the delivery paperwork or box, the authorised purchase order numberthe state of the received goods. This could be a negative entry that solely lists broken things.To know more about receiving reports, click here https://brainly.com/question/2114617
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bruce has just graduated from college and decides that instead of paying for insurance, he'll work on building up his emergency fund. this way, if something goes wrong, he can just pay for it using cash. why is this a risky idea?
Having an emergency fund is an integral part of any financial plan, but relying on it as a substitute for insurance can be a risky choice.
Insurance provides protection from unforeseen events such as illness, accidents, job loss, or other financial hardships. Without insurance, Bruce could be facing significant financial repercussions.
For example, if Bruce were to become seriously ill and require medical attention, he would be responsible not only for the medical bills, but also any lost income due to time missed from work.
Similarly, if Bruce were to have an accident, he would have to pay for any repairs out of pocket, as well as any other related costs such as medical bills, car rentals, and more. An emergency fund can help to cushion the blow of unexpected expenses, but it cannot replace the security of insurance.
Ultimately, having an emergency fund is important, but it should not be used as a sole source of protection in the event of a financial emergency.
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Motivation is the set of forces that initiates, directs, and makes people persist in their efforts to accomplish a goal. true/false
True, The collection of factors that people use to start, direct, and continue their efforts to achieve a goal is known as motivation.
What motivates the management of the company to preserve the staff's motivation?More engaged workers are those that are motivated to work. This fosters happiness at work. The workforce's drive to contribute to business expansion causes absenteeism to decline. Motivation fosters interpersonal connection in the office, which in turn helps to create a pleasant work environment.
What motivates employees and serves as an inspiration to them to contribute to the goals and objectives of the company?Responsibility - Since higher responsibility also entails greater authority, employees are more inclined to do so. Taking responsibility motivates people.
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Kay & Lee LLP was retained as the auditor for Holligan Industries to audit the financial statements required by prospective banks as a prerequisite to extending a loan to the client. The auditor knows whichever bank lends money to the client is likely to rely on the audited statements. After the audit report is issued, the bank that ultimately made the loan discovers that the audit client’s inventory and accounts receivable were overstated. The client subsequently went bankrupt and defaulted on the loan. The bank alleged that the auditor failed to communicate about the inadequacy of the client’s internal recordkeeping and inventory control. Moreover, the bank claims that the auditors were grossly negligent in not discovering the overvaluation of inventory and accounts receivable. The auditors asserted that there was no way for them to know that the client included in the inventory account $1 million of merchandise in transit to a customer on December 31, 2015. The shipping terms were unclear so the auditors accepted management’s representations in that regard (FOB Destination). As for the receivables, the auditors claimed the client falsified confirmations by sending them to a post office address, retrieving them, and then confirming the stated balances. What would the bank have to prove to successfully bring a lawsuit against Kay & Lee?
The bank would have to prove that the auditors were negligent in performing their audit duties and that this negligence caused the bank to suffer a loss. The bank would have to show that the auditors failed to use due care and failed to follow generally accepted auditing standards when auditing the client's inventory and accounts receivable.
The bank would need to show that the auditors failed to communicate about the inadequacy of the client's internal recordkeeping and inventory control, and that this failure resulted in the bank being unaware of the overvaluation.
Finally, the bank would need to prove that the overvaluation of the inventory and accounts receivable was a material fact that would have affected the bank's decision to lend money to the client.
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One phone company charges a flat fee of $35 , plus $0. 15 for each minute. The other phone company charges a flat fee of $20 , plus $0. 25 for each minute. Which equation can be used to solve for the number of minutes, m , for which the companies charge the same amount?.
The companies charge the same quantum at 150 twinkles. A linear equation is an equation in which the loftiest power of the variable is always 1. It's also known as a one- degree equation.
A direct equation is represented as
y = mx c
Where
m represents the rate
c represents the flat figure
So, the direct equations of both companies is
y = 350.15 m
y = 200.25 m
Where m represents the number of twinkles
Equate both functions
200.25 m = 350.15 m
Collect like terms
m-0.15 m = 35- 20
m = 15
break for m
m = 150
Hence, the companies charge the same quantum at 150 twinkles
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what is the key role of a client-server network in business?
Data transmission is made easier and safer with the help of client-server networks. When a company has to send data quickly and securely, using the network is a wise choice.
A server provides the service that the client requests after receiving a request from the client. Data storage is accomplished through the client-server network. Client-server networks are safer due to their higher level of security. Security on peer-to-peer networks is the responsibility of the end users. A peer-to-peer network's performance declines with the number of active nodes. The stability and scalability of client-server networks is superior.
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1. What is the incremental manufacturing cost incurred if the company increases production from 20,000 to 20,001 units? 2. What is the incremental cost incurred if the company increases production and sales from 20,000 to 20,001 units? 3. Assume that kubin company produced 20,000 units and expects to sell 19,800 of them. If a new customer unexpectedly emerges and expresses interest in buying the 200 extra units that have been produced by the company and that would otherwise remain unsold, what is the incremental manufacturing cost per unit incurred to sell these units to the customer? 4. Assume that kubin company produced 20,000 units and expects to sell 19,800 of them. If a new customer unexpectedly emerges and expresses interest in buying the 200 extra units that have been produced by the company and that would otherwise remain unsold, what incremental selling and administrative cost per unit is incurred to sell these units to the customer?.
The incremental manufacturing cost incurred if the company increases production from 20,000 to 20,001 units is the cost of producing the additional unit.
This cost is typically calculated by dividing the total manufacturing costs of the 20,001 units produced by the number of units produced. In the case of Kubin Company, the incremental manufacturing cost per unit of producing the additional unit is $12.50.
The incremental selling and administrative cost per unit incurred to sell the extra 200 units to the new customer is the cost of selling and administering the sale of the additional 200 units. This cost is typically calculated by dividing the total selling and administrative costs of the 20,001 units sold by the number of units sold.
In the case of Kubin Company, the incremental selling and administrative cost per unit of selling the additional 200 units is $0.50.
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management involves coordinating and overseeing the work activities of others so their activities are completed efficiently and effectively. efficiency means that subordinates are​ ________.
Efficiency is a key part of ensuring that work activities are completed in the most productive way possible.
Managers can maximize the use of available resources, such as tools and personnel, by creating a schedule that best utilizes them. Assigning roles and responsibilities can help ensure tasks are completed quickly, while streamlining processes, eliminating redundancies, and providing clear directions can help optimize the workflow.
Lastly, managers should be able to provide timely feedback on the performance of their subordinates to ensure that the work meets expectations. When managed effectively, efficiency enables the most effective use of resources and the timely completion of tasks.
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