Answer:
variable expenditure variance
Explanation:
The variable expenditure variance is the difference between actual variable overhead cost and the standard cost allowed for the actual inputs used.
An adverse variance results when actual overheads exceeds the standard cost for actual input used for example labor hours.
A favorable variance results when the standard cost for actual input used exceeds the actual overheads.
Ideally, the price established for a transfer of goods or services between two decentralized organizational units within a company would be one that would always motivate the managers of both units to act in a way that is in the best interest of the company as a whole.
A. True
B. Flase
Answer:
A. True
Explanation:
Firms that operate different divisions or subsidiaries must always present a consolidated balance that includes all the department, divisions or subsidiaries. Any gain resulting from inter company sales must be adjusted, i.e. your right arm cannot make a profit if it sells to your left arm.
Whenever inter company sales take place, ideally, the ultimate goal should be to improve the entire company's financial position, not only improve the gains from one division by hurting another division.
An owner advertised "beautiful acreage only $5,000 down, owner will personally finance down payment." Would this be in violation of the Truth in Lending Act?
Answer:
No, owners are not covered by the Truth in Lending Act.
Explanation:
Based on this scenario it can be said that No, owners are not covered by the Truth in Lending Act. This regulation basically requires that all financing terms and conditions are disclosed if any such aspect like a low-interest rate, downpayment or other enticement is featured in the advertisement. Even though this is the case in this scenario, the Truth in Lending Act does not apply to individuals selling their own property and therefore does not apply in this situation.
Which type of stock price adjustment time path occurs when there is a bubble (price run up) in the path followed by a decline after the market receives information about the stock
Answer:
Overreaction and correction
Explanation:
Stock overreaction can be defined as the difference between the lowest price of stocks as a result of an event; e.g an election; and the price of the stocks after the event, after a period of time.
Stock correction on the other hand can be defined as a 10% or more decrease or decline in the value of an the financial market.
Each of stock overreaction and correction have causative events, as those events are the determinants of the change in the prices of stocks during the said time.
For stock price correction, it usually occurs as a result of economic issues. Stock correction can take from weeks to months to happen and it can have a damaging effect on stocks on the short term but could actually be good for the stock prices if the correction occurs over a longer period of time.
Stock price overreaction, as seen from the definition, can be caused by an election or an event within the floor of teh stock exchange which excites stocks at that period.
Cheers.
On July 22, Peter sold $23,500 of inventory items on credit with the terms 2/15, net 30. Payment on $15,000 sales was received on August 1 and the remaining payment was received on August 12. Assuming Peter uses the gross method of accounting for sales discounts, which one of the following entries was made on August 1 to record the cash received?
a. Cash..........14,700
Sales Discount. 300
Accounts Receivable 15,000
b. Cash.... 15,000
Accounts Receivable. 15,000
c. Cash.... 14,700
Accounts Receivable 14,700
d. Accounts Receivable. 300
Sales Discount Forfeited.. 300
Answer:
Entries that were made on August 1 to record the cash received is :
a. Cash..........14,700
Sales Discount. 300
Accounts Receivable 15,000
Explanation:
When the Inventory items were sold the entries are :
Trade Receivables $23,500 (debit)
Sales Revenue $23,500 (credit)
When payment is received on August 1, the payment is made within the discount period and the customer is eligible for the 15% cash discount.Entries would be as follows :
Cash $14,700 (debit)
Discount allowed $300 (debit)
Trade Receivable $15,000 (credit)
Brand 123 has customers in many countries purchasing its bicycles, but its managers are unsure if the brand is truly a "global brand." To be a global brand, how much of Brand 123’s revenue should come from other countries? a. 50% b. 40% c. 70% d. 30%
Answer: d. 30%
Explanation:
Global brands are companies that have achieved international success such that they are recognised in many other countries apart from their own and have many customers in other countries as well.
However, simply being known abroad does not classify a company as a global brand. The company must be generating sufficient revenue from their operations outside as a proportion of their total revenue their home country with sufficient meaning at least 30% of their revenue.
"Which of the following statements are TRUE? I New issues of Treasury Bills are generally priced at par II New issues of Treasury Bonds are generally priced at par, or at a slight discount to par III New issues of Agency Bonds are generally priced at par, or at a slight discount to par"
Answer:
The remaining part of the question is:
Which of the following statements are TRUE?
I New issues of Treasury Bills are generally priced at par
II New issues of Treasury Bonds are generally priced at par, or at a slight discount to par
III New issues of Agency Bonds are generally priced at par, or at a slight discount to par
A. I only
B. III only
C. II and III only
D. I, II, III
Correct Answer:
C. II and III only
Explanation:
It is a fact that virtually all new issues of T-Bills are always sold at a discount to par value. These are original issue discount obligations, with the accrued value of the discount being the interest income earned on these securities.
Treasury Bonds and Agency Bonds are issued at par or in most cases at a very slight discount to par, and make periodic interest payments.
Select the best answer: A Notary Signing Agent has been providing signing services with no incidents for over 10 years without having undergone a background screening. Therefore he or she:
Answer:
Must still arrange to obtain and pass a background screening
Explanation:
A notary agent is also called a signing agent and they obtain the official signature of an appearer on a document. They ensure that legal documents are authentic, they check identity of the person signing, and serve as witness.
Notary agents are required to obtain a background check every 12 months.
Background checks verify identity, address, criminal record search, vehicle records, and known terrorist list check.
So the notary agent that has been providing signing services for 10 years still needs to obtain a background check.
Firms that specialize in helping companies raise capital by selling securities are called _______________.
Answer: investment banks
Explanation: Investment banks are financial institutions that deals with raising capital, trading in securities and managing corporate mergers and acquisitions. They specialize in helping companies raise capital by selling securities (a tradeable financial asset, such as a share of stock, bonds and so on.
A home was appraised for tax purposes at 70 percent of its $150,000 purchase price. The mill rate is 28.6. What are the annual taxes?
Answer:
$3,003
Explanation:
The computation of the annual taxes is shown below:
= (Given percentage × purchase price × mill rate) ÷ (1,000)
= (0.70 × $150,000 × 28.6) ÷ (1,000)
= (3,003,000) ÷ (1,000)
= $3,003
Hence, the annual taxes is $3,003
We simply applied the above formula so that the annual taxes could come and the same is to be considered
PDX Corp. acquired 100% of the outstanding common stock of Sea Corp. in a business combination accounted for using the acquisition method. The cost of the acquisition exceeded the fair value of the identifiable assets and assumed liabilities. The general guidelines for assigning amounts to the inventories acquired provide for
Answer:
Cost of Inventory = Selling Prices - Cost to Sell - Reasonable Profit Allowance
Explanation:
Acquisition Accounting tells about how to report accounts and with what amount in a consolidated financial statements. It also helps in assigning values to goodwill, NCI and combined business operations like Marketing, Selling, Manufacturing costs, etc.
Under Acquisition Accounting the net assets are always valued at their fair market value and the inventory is reported at:
Cost of Inventory = Selling Prices - Cost to Sell - Reasonable Profit Allowance
(Scenario: A Monopolist) A monopolist faces a demand curve given by P = 20 Q and has total costs given by TC = Q2. By using a bit of calculus, you should be able to determine that the firm's marginal revenue is MR = 20 2Q and its marginal cost is MC = 2Q. What is its profit-maximizing output level?
Answer:
The correct option is a.5.
Explanation:
Note: This question is not complete as some important signs are committed from it. The complete question is therefore provided before answering the question as follows:
A monopolist faces a demand curve given by P = 20 - Q and has total costs given by TC = Q2. By using a bit of calculus, you should be able to determine that the firm's marginal revenue is MR = 20 - 2Q and its marginal cost is MC = 2Q. What is its profit-maximizing output level?
a.5
b.6
c.7
d.8
The explanation of the answer to the question is now provided as follows:
A monopolist refers to the a person or company who is the only supplier of a commodity in the market.
For a monopolist, profit is maximized when marginal revenue (MR) is equal to the marginal cost (MC). That is, where MR = MC. This implies that the profit-maximizing output level of a mopolist can be obtained by setting MR equal to MC.
Since in the question, we are given the following:
MR = 20 - 2Q ………………………………………. (1)
MC = 2Q ……………………………………………… (2)
We can therefore equate equations (1) and (2) and solve for Q as follows:
MR = MC
20 – 2Q = 2Q
20 = 2Q + 2Q
4Q = 20
Q = 20 / 4
Q = 5. This is the profit maximizing output level.
Therefore, the correct option is a.5.
An industry is considered to be global to the extent that its industry position in one country is dependent upon the industry position in other countries.a) trueb) false
Answer:
False.
Explanation:
False, Because a global company is the one that operates in different countries. It does not have to depend on the position of industry in other countries. If a company is operating in different countries then it is a global company. Moreover, in the case of a global company, the company sells its product in that country without changing its quality. For example, a global company selling soda in different countries. In this case, the company will not compensate for its product according to the culture of that country rather it will impose its business model.
A registered representative has written discretionary authorization from a customer. Specific customer approval is needed for the registered representative to effect what transactions in the customer's account?
Answer:
Purchase a municipal bond where the broker-dealer has a control relationship with the issuer
Explanation:
Specific customer approval is needed when there is a control relationship between a brokerage firm and the issuer before a security can be purchased in discretionary accounts
"Which asset allocation is BEST for a 35-year old single risk tolerant investor looking to achieve the highest returns?"
Answer:
95% stocks /5% Money Markets
Explanation:
It is advisable for an investor that is relatively risk tolerant should consider devoting more of their money into stocks based investment, especially for a young, single investor who is willing to achieve highest return such that such an investor will be more likely to stay invested during the short periods of bear market fluctuations
Investment should be made based on the asset allocation plan. For a person looking to make high returns in about 20 years, he does not need to be very concerned about the stock market short-term fluctuations, compared to a person looking to put their ward through college in a few years time who should be more inclined to fixed income safer investments.
what kind of technology refers as local technology or indigenous technology ?
Answer:
Local technology refers to the technology which are used in our locality from the ancient time and are made of locally available materials for the welfare of local people.
Answer:
Local technology refers to the technology which are used in our locality from the ancient time and are made of locally available materials for the welfare of local people.
Explanation:
Ollie and Molly Overton have just taken out a 30-year straight term loan on their new "starter home" in Bellflower. This means that:________.A. They will make payments of interest only, with the principal due on the loan due date in 30 years.B. They will make payments of principal only, with the accumulated interest due on the loan due date in 30 years.C. They will make payments of interest and principal on an equal basis until the final payment, which will be larger than the rest, is made at the end of the loan term.D. They will make regular payments of principal and interest, and the entire loan will be paid off by the end of the term.
Answer:
A. They will make payments of interest only, with the principal due on the loan due date in 30 years.
Explanation:
In this scenario, Ollie and Molly Overton have just taken out a 30-year straight term loan on their new "starter home" in Bellflower.
A straight term loan is also known as a straight term mortgage or an interest only loan. It can be defined as a type of loan in which the borrower pays only interest during the term of the loan, while the entire principal amount is to be paid for with the final interest payment at the maturity date (loan due date).
This ultimately implies that, Ollie and Molly Overton will make payments of interest only, with the principal due on the loan due date in 30 years.
If the amount realized at a Sheriff's sale upon a delinquent mortgage is more than the indebtedness, the excess belongs to:_____.a. the Sheriff's office.
b. the mortgagee.
c. the mortgagor.
d. the purchaser.
Answer: The mortgagor
Explanation:
If the amount realized at a Sheriff's sale upon a delinquent mortgage is more than the indebtedness, the excess belongs to the mortgagor.
It should be noted that the mortgagor is the borrower, therefore he or she is the person that is entitled to the excess received upon the sake of the asset.
When completing an enrollment application in LEAN, why is an agent prohibited from entering their own email address in a field available for the consumer's email address?
Answer:
This is because of the ethics guiding the body. For example, ethically, it is wrong for the agent to put his email address in the application in LEAN where it should have been the customer's own. There is a possibility of the identity theft or fraud being committed when such happens.
Explanation:
Investment risk may broadly be categorized as either unsystematic or systematic risk; both types of risk together constitute total, or absolute, risk. Total risk is measured by
Answer:
standard deviation
Explanation:
Systemic risk is risk inherent in a market and cannot be diversified.
systemic risk is measured by beta
unsystemic risk is risk specific to a business and it can be eliminated by diversifying portfolio
the sum of systemic and unsystemic risk gives total risk and it is measured by standard deviation
Sam's new to Google Search Ads and worries he may not have the skills or time to run a successful ad campaign. Which two Dynamic Search Ads features will be of help to Sam?
Complete Question:
Sam’s new to Google Search Ads and worries he may not have the skills or time to run a successful ad campaign. Which two Dynamic Search Ads features will be of help to Sam? (Choose two.)
Group of answer choices
A. The user interface for Dynamic Search Ads excludes all manual controls.
B. Dynamic Search Ads require no initial user configuration.
C. Destination URLs are automatically kept up-to-date.
D. Dynamic Search Ads don’t have to undergo the bidding process.
E. Machine learning helps automatically find new keywords.
Answer:
C. Destination URLs are automatically kept up-to-date.
E. Machine learning helps automatically find new keywords.
Explanation:
In this scenario, Sam is new to Google Search Ads and worries he may not have the skills or time to run a successful ad campaign. The two Dynamic Search Ads features that will be of help to Sam are;
1. Destination URLs are automatically kept up-to-date.
2. Machine learning helps automatically find new keywords.
Basically, for those who are relatively new to the Google Ads, the company provides a feature known as the dynamic search ads which helps various users to easily run a successful ad campaign. Through the use of machine learning, a dynamic search ad allows phrases and titles associated with a website to be automatically indexed and presented as a landing page to any user who is searching with the keywords.
A large scale study conducted over a one year period has shown that break-ins at home occur about 6% of the time in the population. the study also shows home security alarms went off 4% of the time when no one was breaking into the home. the security alarm failed to go off 3% of the time when someone was really breaking into the home. what is the probability that a home has been broken into and the alarm did not go off?
Answer:
0.0018
Explanation:
The computation of the probability in the case when the home is broken and the alarm did not go off is shown below:
= P(Broken into) × P(Alarm did not go off)
= 0.06 × 0.03
= 0.0018
By multiplying the broker into with the alarm did not go off so that the probability could come and the same is to be considered
A local electricity - generating company has a monopoly that is protected by an entry barrier that takes the form of:________. a. economies of scale. b. perfectly inelastic demand curve. c. control of a key raw material. d. network externalities.
Answer:
a. economies of scale.
Explanation:
Local electricity companies generally have natural monopolies resulting from both economies of scale and/or control of natural resources. Economies of scale refers to the average total costs decreasing as the total output generated by the company increases. For example, it is extremely expensive to generate electricity for 1 single home, but the average total cost for generating electricity for 1 million homes is very low. Generally utilities are monopolies because it is very expensive to set and start operating the company, but once it is operating its average costs per consumer are very low.
The opportunity cost of a choice is the _____ of the opportunities lost.a. Valueb. Interest
Answer:
a. Value.
Explanation:
The opportunity cost of a choice is the value of the opportunities lost.
In Economics, Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.
Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.
Hence, the opportunity cost of a choice is the benefits that could be derived in from another choice using the same amount of resources.
For instance, if you decide to invest resources such as money in a food business (restaurant), your opportunity cost would be the profits you could have earned if you had invest the same amount of resources in a salon business or any other business as the case may be.
The average cost of production for a bottle of water in the industry is 0.20 cents while its average price is 0.50 cents. Water Inc. manufactures the same product for 0.10 cents while its average price is 0.40 cents. Which of the following statements is most likely true of Water Inc. in this scenario?A. It has a competitive advantage in the industry.B. It has a competitive disadvantage in the industry.C. It has competitive parity with other firms in the industry.D. It has formed a strategic alliance with other firms in the industry.
Answer: A. It has a competitive advantage in the industry
Explanation:
From the question, we are informed that the average cost of production for a bottle of water in the industry is 0.20 cents while its average price is 0.50 cents and that Water Inc. manufactures the same product for 0.10 cents while its average price is 0.40 cents.
The scenario shows that Water Inc has a competitive advantage in the industry. This is seen as the bottle of water is produced at a cheaper cost wen compared to its rivals.
Caars Inc. issued a 120-day note in the amount of $360,000 on November 1, 2016 with an annual rate of 6%. What amount of interest has accrued as of December 31, 2016
Answer:
The amount of interest accrued as of December 31, 2016 is $10,980.
Explanation:
On December 31, two months interest is accrued and this is equivalent to 61 days (30 days for November and 31 days for December).
Calculation of Interest accrued is as follows ;
Interest accrued = $360,000 × 6% × 61/120
= $10,980
Ralph and Sven enter into a contract under which Sven agrees to guide Ralph's expedition through Tibet for which Ralph agrees to pay Sven. This contract may not be assigned if
Answer:The assignment will significantly change the risk of nonperformance
Explanation:
The contract between Raph and Sven may not be signed if the following is breached;
•The assignment will significantly change the risk of nonperformance
•The assignment is expressly prohibited by the terms of the contract.
•The contract is uniquely personal in nature.
Mary Scoot was hired to manage the Cactus Cart, a tiny kiosk located in Sky Harbor Airport in Phoenix. No specific duties were listed, but the business owner who hired Mary told her, "Just sell the plants and deposit the money." Mary would have the implied authority to:
Answer: take checks as payments
Explanation:
From the question, we are informed that Mary Scoot was hired to manage the Cactus Cart, a tiny kiosk located in Sky Harbor Airport in Phoenix and that no specific duties were listed, but the business owner who hired Mary told her to sell the plants and deposit the money.
In this scenario, Mary would have the implied authority to take checks as payments. This is because she has been told to deposit the money and she can take the checks along to the bank.
A city taxes merchants for various central district improvements. Which of the following accounting methods assist(s) in assuring that these revenues are expended legally?
Fund Accounting Budgetary Accounting
Yes No
No No
Yes Yes
No Yes
Answer: Yes Yes
Explanation:
Fund Accounting in relation to the public sector is used to record resources which are to be restricted in their use by the the law and the main emphasis under this accounting system is to be accountable for the funds given not to record profit. It can therefore be used to ensure that the revenues the city gets will be spent legally by making sure that the entries reflect accountability from those who use it.
Budgetary Accounting in the public sector as well can be useful for seeing that revenues are expended legally as it is based on budgets which list the amounts that should go towards each project to be undertaken and which follow legal compliance.
âWhy would you not want to use money (e.g., quarters) as tokens in a token economy for juvenile delinquents in a residential treatment program?
Answer:
Using money as tokens in a token economy for juvenile delinquents would be problematic mainly for two reasons:
1. The juvenile delinquents may steal the tokens from each other, making theft a problem in the place.
2. They might use the tokens to buy forbidden goods from outside the facility (things such as weapons or drugs).
The budgetary unit of an organization that is led by a manager who has both the authority over and responsibility for the unit's performance is known as a
Answer:
Responsibility center
Explanation:
A responsibility center is a unit in an organization that is headed by a manager or an executive, in which he has a level of responsibility and authority over the performance of that unit. The manager is usually held responsible for the outcomes and activities carried out in the unit. In an organization, there are several responsibility centers that tend to different responsibilities.
A responsibility center is a functional entity of its own that is staffed. Examples of responsibility centers are cost centers, profit centers, revenue centers and so on.