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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FILL IN THE BLANK. _____ basis accounting helps measure and report revenues and expenses in a way that clearly represents the net income of the company. (enter only one word.)
Accrual basis accounting helps measure and report revenues and expenses in a way that clearly represents the net income of the company.
The idea behind accrual basis accounting is to record income as it is received and outlays as they are incurred. This method's use has an effect on the balance sheet as well, where receivables or payables may be reported even if there isn't a related cash receipt or payment.
When a transaction takes place or a payment is made, accountants use the accrual accounting method to record revenue and/or expenses. Sales made on credit, purchases made on credit, rent paid, utility costs, depreciation, audit fees, and other similar items are some of the most typical examples of accrual accounting.
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which of the following is the final step in establishing an implementation timetable? a. determining the time required to complete each activity b. organizing the activities in the proper order c. assigning responsibility for completing each activity to one or more employees, teams, or managers d. identifying the activities to be performed e. separating the activities to be performed in sequence from those to be performed simultaneously
The final step in establishing an implementation timetable is assigning responsibility for completing each activity to one or more employees, teams, or managers (Option C).
After determining the time required to complete each activity (Option A), organizing the activities in the proper order (Option B), and identifying the activities to be performed (Option D), it is important to assign specific individuals or teams to carry out each activity. This helps to ensure accountability and avoid confusion over who is responsible for what.
Separating the activities to be performed in sequence from those to be performed simultaneously (Option E) may also be an important step in creating an implementation timetable, as it helps to understand the dependencies between different activities and ensure a smooth flow of work. However, assigning responsibility is the final step in this process, as it brings clarity to who will be executing the plan and holds them accountable for its success.
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Choosing which ________ to display on a marketing dashboard is critical for a busy manager, who can be overwhelmed with irrelevant data
Choosing which marketing metrics to display on a marketing dashboard is critical for a busy manager, who can be overwhelmed with irrelevant data.
What do you mean by marketing metrics?Marketing metrics are numbers that marketers can track to gauge the effectiveness of their advertising campaigns. These metrics can demonstrate how successfully your marketing initiatives are motivating audiences to take activities that produce value.
Marketing metrics are a quantitative technique to monitor performance and a crucial instrument for measuring the success of marketing campaigns.
The most important marketing metrics to track are those that will eventually have the most effects on your company's objectives, whether they are sales generated by one campaign or incremental reach by another.
Therefore, choosing which marketing metrics to display on a marketing dashboard is critical for a busy manager, who can be overwhelmed with irrelevant data.
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inventory tells us: group of answer choices the time a flow unit starts a process. the number of flow units within a process. the rate at which flow units move through a process. the time a flow unit spends in a process.
Inventory tells us B: "the number of flow units within a process".
In other words, it tells us the amount of raw materials, work-in-progress, and finished goods that a company has on hand at a given point in time. This information is important for a company to manage its production processes, ensure it has enough resources to meet customer demand, and make decisions about ordering or producing more goods.
Therefore, is concluded that inventory provides us the information about the number of flow units within a process.
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integrative case 2.3 - would you invest in turkey?
The case "Integrative Case 2.3 - Investigating this would be as ascenario that raises the question of whether it would be a good idea to invest money in the Turkish market.
security personnel and investors must consider several factors that affect investment decisions, such as political stability, economic growth, and market conditions in Turkey.
Before making any investment, it is important for security personnel and investors to thoroughly research and analyze the Turkish market and understand the business drivers for investing in Turkey.
This includes considering factors such as the country's political and economic stability, the strength of its currency, and the stability of its financial system.
Investing in Turkey can be a good opportunity if the country's economy is strong and stable, and if there is a favorable business environment for investment. However, if the political situation in Turkey is uncertain, or if there is economic instability, investing in the country may be a riskier proposition.
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Educational requirements of applicants for a real estate license are promulgated under what authority of the Florida Real Estate Commission?
(a) Ministerial
(b) Executive
(c) Quasi-legislative
(d) Quasi-judicial
Educational requirements of applicants for a real estate license are promulgated under option (b) Executive authority of the Florida Real Estate Commission.
Realtors who hold a real estate licence are legally able to represent a real estate brokerage in offering real estate for sale, brokerage, or rental to potential purchasers and tenants. To perform this activity, a real estate licence is necessary, and the procedures to obtain one differ from state to state.
A typical Florida real estate commission of an agent is 5% to 6% of the home's selling price. A real estate agent might receive $25,000 when the sale is finalised, for instance, if a home sells for $500,000 in such case. Newer, under experienced agents could make less than that, while more seasoned agents often receive the entire 6% commission.
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Requires that an activity be recorded at the exchange price at the time the activity occurred. What assumption or principle is described here.
One of the fundamental foundational rules of accounting is the cost principle. The historical cost concept is another name for it. According to the cost principle, when an asset is purchased it must be documented at its purchase price in cash (or its equivalent).
The four fundamental tenets of financial accounting are (1) economic entity; (2) fiscal period; (3) going concerned; and (4) stable dollar. The cost principle states that rather than recording transactions at current market value, financial records should reflect historical cost or the actual cash worth at the time the asset was purchased. The cost principle is often referred to as the historical cost notion and the cost principle.
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on january 1, kirk corporation had total assets of $865,000. during the month, the following activities occurred: kirk corporation acquired equipment costing $7,500, promising to pay cash for it in 60 days. kirk corporation purchased $3,650 of supplies for cash. kirk corporation sold land, which it had acquired 2 years ago. the land had cost $16,500 and it was sold for $16,500 cash. kirk corporation signed an agreement to rent additional storage space next month at a charge of $1,150 per month. what is the amount of total assets of kirk corporation at the end of the month?
The amount of total assets of kirk corporation at the end of the month is $872,500.
The total asset of Kirk corporation on January 1 is $865,000.
The total acquired equipment costs $7,500.
There is no change in supplies purchased in cash also,
There is no change in the sale of land for cash.
So,
Total assets on 31st January,
= $865,000 + $7,500 + 0 + 0
= $872,500.
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your organization is undertaking a new high-profile project that is designed to improve several processes deemed to be outdated. the sponsor approaches you and asks if you will take on the role of project manager. you have been looking for the opportunity to show that you have the skills required to lead high-profile projects in your organization. after you have a chance to review the outline for the project charter and a list of potential contractors, you notice that one of the deliverables will require outsourcing some work. one of the potential contractors is related to you. which method is the best way of handling this situation? answers a. accept the position and prevent a conflict of interest by refraining from providing any input into the decision process for outsourcing. b. accept the position and prevent a conflict of interest by ensuring the outsourcing is not awarded to your relative. c. inform the sponsor of the conflict of interest and turn down the position. d. inform the sponsor of the potential conflict of interest and defer the decision of whether to accept the project manager position to the sponsor.
C) Markets are no longer completely free due to government involvement that sometimes directs and sometimes impacts them.
As a result, it has the potential to alter distribution as well as the pricing and quantities of goods and services sold. An economic discussion on the advantages and disadvantages of such intervention has lasted for many years.
These economists' disagreements are most likely the result of contrasting ideologies.
Which claim is two randomly selected economists most likely to agree on, despite their differences?
B. An excessively high proportion of elected politicians are lawyers.
Given that it has nothing to do with how the government affects the economy, but rather how the political class is made up, they are likely to agree on this subject. Therefore, there is no ideological contradiction.
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if more and more countries decide to enact trade protectionism, then ch2m hill would probably realize
If more and more countries decide to enact trade protectionism, then ch2m hill would probably realize the fewer opportunities and revenue.
What is trade protectionism?Protecting native industry from unfair foreign competition is the goal of trade protectionism. Tariffs, subsidies, quotas, and currency manipulation are the four main instruments of trade protectionism. Tariffs, quotas, and subsidies are common instances of protectionism as well as instruments used to carry it out. All of these strategies aim to boost indigenous businesses by increasing the cost or scarcity of imported goods.
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Use the information in the table to calculate a consumer price index (CPI) and the inflation rate. The base year is 1975.
Round answers to two decimal places.
Market basket Quantity 1975 prices 1976 prices
A dozen eggs
21
$0. 50
$0. 90
Calculator
11
$10. 50
$14. 00
Microwave oven
2
$130. 00
$150. 00
What is the CPI for 1975?
What is the CPI for 1976?
What is the inflation rate for 1976?
The CPI for 1975 is 1.00, the CPI for 1976 is 1.22, and the inflation rate for 1976 is 22.00%.
To calculate the Consumer Price Index (CPI) and the inflation rate, we need to find the cost of the market basket in each year, and compare them to the cost in the base year, 1975.
First, let's calculate the cost of the market basket in 1975 and 1976:
1975:
A dozen eggs: 21 * $0.50 = $10.50
Calculator: 11 * $10.50 = $116.50
Microwave oven: 2 * $130.00 = $260.00
Total cost: $10.50 + $116.50 + $260.00 = $387.00
1976:
A dozen eggs: 21 * $0.90 = $18.90
Calculator: 11 * $14.00 = $154.00
Microwave oven: 2 * $150.00 = $300.00
Total cost: $18.90 + $154.00 + $300.00 = $473.90
Next, let's calculate the Consumer Price Index (CPI) for each year:
1975:
CPI = Cost of market basket in 1975 / Cost of market basket in 1975
CPI = $387.00 / $387.00 = 1.00
1976:
CPI = Cost of market basket in 1976 / Cost of market basket in 1975
CPI = $473.90 / $387.00 = 1.22
Finally, let's calculate the inflation rate for 1976:
Inflation rate = (CPI in 1976 - CPI in 1975) / CPI in 1975 * 100%
Inflation rate = (1.22 - 1.00) / 1.00 * 100% = 22.00%
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Question 11 / 1 ptsCompany A is assigned $200,000 of goodwill arising from a recent businesscombination. The current carrying value of its net assets is $400,000 and the current fairvalue of its net assets, excluding goodwill, is $350,000. The fair value of the reportingunit is estimated to be $380,000. How much is the impairment loss?$150,000$170,000$180,000$200,000
The fair value of the reporting unit is estimated to be $380,000, the impairment loss is $220,000
In accounting, goodwill is recorded as an asset on a company's balance sheet and is subject to impairment testing to determine if its value has decreased.
In this scenario, Company A has been assigned $200,000 of goodwill arising from a recent business combination. The current carrying value of its net assets is $400,000, while the current fair value of its net assets excluding goodwill is $350,000. The fair value of the reporting unit is estimated to be $380,000.
To determine the impairment loss, we need to compare the carrying value of the net assets, including goodwill, to its fair value. If the carrying value is greater than the fair value, there is an impairment loss, which is the difference between the two.
In this case, the carrying value of the net assets including goodwill is $400,000 + $200,000 = $600,000. The fair value of the reporting unit is estimated to be $380,000. Since the carrying value of the net assets is greater than the fair value of the reporting unit, there is an impairment loss. The impairment loss can be calculated as follows:
Impairment Loss = Carrying Value of Net Assets - Fair Value of Reporting Unit
Impairment Loss = $600,000 - $380,000
Impairment Loss = $220,000
Therefore, the impairment loss in this scenario is $220,000.
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Coca-Cola
Coca-Cola aims to help its employees (called ‘associates’) realise their full potential. It is committed to extending education and training programmes to all associates at all levels of the organisation and in all countries it operates in. Coca-Cola University (CCU) is the company’s education establishment which provides a wide range of courses through classroom learning, e-learning, and on-the-job training to help associates develop personally and professionally. CCU’s learning and training programmes focus on leadership, marketing, human rights, ethics, diversity, sustainability and finance.
a. Why do you think that Coca-Cola uses both off-the-job
training (‘classroom learning’) and on-the-job’ training?
b. Why do you think that effective training is important to both
Coca-Cola and its employees?
Coca-Cola uses both off-the-job training and on-the-job training to help associates develop personally and professionally. Effective learning is important for both Coca-Cola and its employees because the programmes focus on leadership. marketing, human rights, ethics, diversity, sustainability and finance.
What is On-the-job training?On-the-job training is an important topic of human resource management. It helps develop the career of the individual and the prosperous growth of the organization. On-the-job training is a form of training provided at the workplace. During the training, employees are familiarized with the working environment they will become part of. Employees also get hands-on experience using machinery, equipment, tools, materials, etc.
Part of on-the-job training is to face the challenges that occur during the performance of the job.
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What do economists mean when they say behavior is "rational"? a. Individuals making choices that do not harm others.
b. Individuals making choices entirely using logic. c. Individuals making choices which help them reach their goals. d. Individuals making choices to maximize their wealth. e. Individuals caring more about their own outcomes than others' outcomes.
The economists mean D: "Individuals making choices to maximize their wealth" they say behavior is "rational".
In economics, "rational behavior" is often used to describe individuals who make choices in a way that maximizes their utility, satisfaction, or wealth. This means that individuals are assumed to weigh the costs and benefits of different options and choose the one that provides the most value to them.
The concept of rationality is a central assumption in many economic models, as it allows economists to make predictions about how individuals will act based on the information and incentives available to them.
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what are reasons why strategic planning may not occur sequentially? (choose every correct answer.) [ ] when a situation analysis necessitaters that the mission statement be revised. [ ] when the implementation plan cannot move forward because there are too resources. [ ] when the economy has had six consecutive months of steady growth and projections indicate that the trend will continue. [ ] when new srategic opportunities arise.
answer for the above question what are reasons why strategic planning may not occur sequentially? is when a situation analysis necessitaters that the mission statement be revised. [ ] when the implementation plan cannot move forward because there are too resources.[ ] when new srategic opportunities arise.
Strategic planning has four main challenges. Lack of ownership, poor communication, lack of coordination, slow adoption. Before considering solutions, it is important to understand what lies at the heart of these challenges.
Here are the top six reasons why strategy execution fails.
Your strategy is pointless. ... You misunderstand the current situation. ...Not hiring the right people. ...Lack of schedule. ...It's too far from "here" to "there"...Lack of tracking.Read more on Strategic planning here:
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should the project manager go beyond the written requirements in the project scope statement to satisfy the client? does the answer to this question depend on the role of the project in the organization? for example, does it matter if the organization is a consulting firm that sells project management or if the project is done for another department in the same organization? form an opinion on this topic, and write a paragraph in this discussion.
Yes, the project manager should go beyond the written requirements in the project scope statement to satisfy the client. Yes, the role of the managers depend on the role of the project in the organization.
The success of a project and the level of satisfaction of the client depend on how well and how efficiently the project requirements are met.
When a project manager goes beyond what is stated in the project scope statement, it shows that they are committed to delivering an excellent experience for their client, which will ultimately lead to a successful outcome for both parties.
Moreover, going beyond the written requirements can demonstrate willingness to innovate and work creatively; this reflects positively not only on the project manager but also on their organization as a whole.
Therefore, depending on the role of a particular project in an organization, proactively attending to additional needs may be beneficial for both achieving success and cultivating relationships with clients.
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will believes a car is a car, and it doe not matter where you buy it - he is still simply buying a method of transportation. how should a marketer respond to will’s beliefs?
As a marketer, it's important to understand that not everyone perceives products and services in the same way. While Will may believe that a car is simply a method of transportation, there are many other factors that influence a customer's decision to purchase a vehicle.
First, it's important to acknowledge that Will has a valid point and that the primary function of a car is to provide transportation. However, there are many other factors that come into play when deciding on a car, such as brand reputation, styling, comfort, and safety features.
To respond to Will's beliefs, the marketer should emphasize the added value that comes with purchasing a car from a particular brand or dealership. For example, the marketer could highlight the exceptional customer service and high-quality maintenance services offered by the dealership, or the brand's commitment to safety and cutting-edge technology.
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forensic accountant
answer choices
O An accountant who combines accounting and investigating skills to uncover suspected fraudulent business activity, or to prevent such activity.
O An amount recorded on the right side of an account.
O A right granted to an individual or business to sell the products or services of another, larger business within a defined geographical area.
A forensic accountant is an accountant who combines accounting and investigating skills to uncover suspected fraudulent business activity, or to prevent such activity.
In order to help legal processes like criminal trials and civil litigation, forensic accountants combine their expertise in accounting, money, and investigation. To ascertain the financial aspects of a case and present evidence in court, they collect, examine, and evaluate financial data.
Investigating and exposing financial fraud, embezzlement, money laundering, and other financial crimes may need the services of forensic accountants. They may also be needed to support divorce, bankruptcy, and insurance claims.
In conclusion, a forensic accountant is a specialist accountant who uses their expertise in a legal and investigative context, playing a crucial role in assisting with the identification and comprehension of financial misbehavior and other financial-related legal difficulties.
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The following question may be like this:
Forensic Accountant
Answer choices
An accountant who combines accounting and investigating skills to uncover suspected fraudulent business activity, or to prevent such activity.An amount recorded on the right side of an account.A right granted to an individual or business to sell the products or services of another, larger business within a defined geographical area.an inferior good is one that: select one: a. no consumers are willing to buy. b. gets poor reviews from objective, independent evaluators. c. is of low quality or not very durable. d. experiences decreased demand when income increases.
Option d: An inferior good is one that experiences decreased demand when income increases.
Inferior goods are goods that have a negative relationship with income. This means that as income increases, demand decreases and vice versa.
Unlike ordinary goods, it can be said to have a negative income elasticity. As consumer incomes fall, demand increases as inferior goods become affordable alternatives.
A basic example of adulteration is public transport. When consumers have low incomes, they commute by public transport, buses, trains, etc. When incomes increase, they prefer to drive their own cars instead.
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Amy’s Kitchen and the Organic Food IndustryWhat are a manager’s ethical and social responsibilities? The goal of this video case is to apply your knowledge of ethics and social responsibility to Amy’s Kitchen, a pioneer in the organic food industry.Amy's Kitchen is a family-owned, privately held company that manufactures organic and non-GMO convenience and frozen foods. Founded in 1987 by CEO Andy Berliner and Rachel Berliner, all of Amy's 250 or so products are vegetarian and made with organic ingredients. The organization has around $500 million in revenue a year.Assume Amy’s wants to do the greatest good for the greatest number of people. Based on this, which approach to resolving ethical dilemmas would the company most likely employ?
Multiple Choice
justice
utilitarian
universal
moral-rights
individual
The correct option is B, utilitarian approach to resolving ethical dilemmas would the company most likely employee.
Utilitarianism is a philosophical theory of ethics which states that the best action is the one that maximizes overall utility or happiness for the greatest number of people. It was developed by Jeremy Bentham and John Stuart Mill in the 19th century and is considered one of the most influential moral theories in modern times. The basic idea of utilitarianism is that the moral value of an action is determined by its outcome or consequences, rather than being based on intrinsic qualities or moral rules.
Utilitarianism also asserts that happiness is the ultimate goal of human action and that it can be quantified and measured. In making moral decisions, utilitarians weigh the costs and benefits of different actions to determine which one will result in the greatest overall happiness for the largest number of people. Utilitarianism can be applied to a wide range of issues, from individual behavior to public policy, and is often used as a framework for ethical decision-making in business and government.
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lifelines provides responders an outcomes-based approach through situational awareness, , and support with planning/operational decision-making. a. tactical guidance b. common terminology c. communications d. status reporting
Option d is Correct. Status reporting is a lifeline because it gives responders situational knowledge, help with planning and operational decision-making, and an outcomes-based approach.
A status report is a compilation of data on a project's present state. Project status reports are intended to inform the project team and stakeholders of the current state of a project. One way to address the significance of project communication is through project status reporting.
Project status reporting is a routine, official report on how the project is progressing in relation to the project schedule. Its goal is to regularly update project stakeholders on the status of the project in an effective and efficient manner. Daily, weekly, monthly, and quarterly project status reports are some of the available formats. They streamline the procedure for acquiring and communicating important project-related information.
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alexandria has recently begun using social media, and frank asks you what kind of business information would help him run the store more profitably and efficiently. what do you suggest? select an option from the choices below and click submit. find out what books alexandria customers are buying and recommend other books based on common buyer interests. find out why certain book readings and discussion groups are not well attended. find out why customers prefer alex
The kind of business information that would help him run the store more profitably and efficiently is Find out what books Alexandria customers are buying. In the other side, alexandria also have to recommend other books based on common buyer interests, so the correct answer is A.
In economic and business, Business intelligence systems generally can be defined as a method that combine data gathering, data storage, and knowledge management with data analysis to evaluate and transform complex data into meaningful, actionable information, which can be used to support more effective strategic, tactical, and operational insights and decision-making.
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according to henri fayol, what are the major functions of management? (choose every correct answer.)
According to Henri Fayol, the major functions of management are: Planning: This involves setting goals and objectives, determining the best way to achieve them, and deciding on the necessary resources and timeline for completion.
What are the major functions of management?Organizing: This involves arranging and coordinating resources, such as people, materials, and equipment, in an efficient manner to achieve the goals set in the planning stage.Commanding: This involves communicating the plans and decisions made during the planning and organizing stages to employees and ensuring they are aware of their roles and responsibilities.Coordinating: This involves bringing together different functions and departments within an organization to ensure that everyone is working together towards the same goals.Controlling: This involves monitoring the progress of the organization and making adjustments as necessary to ensure that goals are met.Some key points to consider when discussing Henri Fayol's management functions include:Holistic Approach: Fayol believed that all five functions of management were interrelated and should be considered together in order to achieve success.Integration of Functions: Fayol emphasized the importance of integrating the different functions of management to ensure that the organization is working efficiently and effectively towards its goals.Effective Leadership: Fayol believed that effective management and leadership were critical to the success of an organization.To learn more about management refer:
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price company provides cleaning services to customers for $10,000 cash. what are the effects of this transaction on the accounting equation? (select all that apply.) multiple select question. increase assets decrease stockholders' equity decrease liabilities increase retained earnings
Price company provides cleaning services to customers for $10,000 cash. The effects of this transaction on the accounting equation are increase assets and increase retained earnings. The correct option is (A & D).
What do you mean by retained earnings?The amount of profit a business keeps after paying all of its direct and indirect expenses, income taxes, and dividends to shareholders is known as retained profits.
This is the percentage of the company's equity that may be utilized, for example, to fund the purchase of new machinery, research and development, and marketing.
The term "retained" refers to a crucial idea in accounting that describes how earnings were held by the corporation rather than distributed to shareholders as dividends.
Therefore, price company provides cleaning services to customers for $10,000 cash. The effects of this transaction on the accounting equation are increase assets and increase retained earnings.
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Mulligan manufacturing company uses a job order cost system with overhead applied to products at a rate of 150 percent of direct labor cost.
Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of 150 percent of direct labor cost.
This means that for every dollar of direct labor cost incurred, the company must pay an additional $1.50 of overhead costs. The predetermined overhead rate for the company is calculated by dividing the total overhead costs by the total direct labor costs.
For example, if the total overhead costs are $180,000 and the total direct labor costs are $120,000, then the predetermined overhead rate is 150 percent ($180,000/$120,000 = 150 percent).
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how are property, plant, and equipment presented on the balance sheet? multiple choice question. original cost less accumulated depreciation market value plus accumulated depreciation original cost plus accumulated depreciation market value less accumulated depreciation
Property, plant, and equipment are conventionally presented In the balance sheet at acquisition cost less depreciated portion thereof.
What is PP&E (Property, Plant, and Equipment)?
Property, Plant, and Equipment (PP&E) is a non-current, tangible capital asset that is utilised to produce revenues and profits and is recorded on a company's balance sheet. PP&E is essential to the financial analysis and planning of a company's operations and projected expenses, particularly in relation to capital expenditures. It's common to write "net of cumulative depreciation" next to the PP&E account. This means that Net PP&E should gradually lose value each year owing to depreciation if a company does not buy any more new equipment (and as a result, has zero capital expenditures). A depreciation schedule can be used to determine this more accurately.
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todrick company is a merchandiser that reported the following information based on 1,000 units sold: sales$ 210,000 beginning merchandise inventory$ 14,000 purchases$ 140,000 ending merchandise inventory$ 7,000 fixed selling expense ? fixed administrative expense$ 8,400 variable selling expense$ 10,500 variable administrative expense ? contribution margin$ 42,000 net operating income$ 12,600 required: 1. prepare a contribution format income statement. 2. prepare a traditional format income statement. 3. calculate the selling price per unit. 4. calculate the variable cost per unit.
The variable cost per unit be $8000 and administrative expense will amount to $45000.
What is administrative expense?Administration expenses are the costs associated with paying non-sales personnel's wages, salaries, and benefits. One of the three types of costs that make up a business are operating expenses. The list is completed by selling and other expenses. In contrast to an engineer or an assembly line worker, who are directly involved in the production of a product, administrative expenses are seen as indirect expenses from an accounting perspective. Administrative costs are reported on the income statement for the period in which they were incurred rather than the period for which they were paid. They are not included in the balance sheet.
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the real wage rate is $.00 an hour and the cpi is . what is the nominal wage rate?
By using Real wage rate = (Nominal wage rate ÷ CPI) * 100 , we found
The nominal wage rate is 17.10
A real wage rate is a transparent measure of how much of a good an hour of work buys. It is a nominal wage rate divided by the price of a good.
Real wage rate = (Nominal wage rate ÷ CPI) * 100
15 = (Nominal wage rate ÷ 114) * 100
15 / 100 *114 = Nominal wage rate
17.10 = Nominal wage rate
The nominal wage is the pay rate or amount of salary that employees receive. It is the amount advertised in job-seeking classified ads. It is the price quoted on job postings. The most important aspect of the nominal wage is that it is not inflation-adjusted. Inflation is defined as a change in the purchasing power of money caused by rising commodity and service prices in an economy.
As a result, an increase in the nominal wage does not always imply an increase in wage value. The rise in prices may trigger an increase in nominal wages. If wage increases do not keep pace with rising costs, purchasing power will dwindle, and the value of money will be less than its face value.
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which distribution channel is the best for a business?
One of the most well-liked and efficient distribution channels is a retailer. Supermarkets, department stores, specialized shops, and big-box retailers are examples of retailers.
Using a retailer has some advantages, such as:
Customers who shop at physical stores have the opportunity to try things before making a purchase. Consumers are more confident when they can physically inspect and even test products.Consumers can learn about products from retailers that they were unaware of before browsing.To make their items more enticing, marketers might collaborate with merchants on placement strategies, product demos, and promotional materials.People frequently show loyalty to merchants. Companies that offer their goods through stores can benefit from the aforementioned consumer aversion to these establishments.To learn more about Distribution Channel, refer to this link:
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What weakness in the articles prevented congress from financing its activities?
The Articles of Confederation had several weaknesses that prevented Congress from financing its activities. One of the main weaknesses was that Congress had no power to impose taxes or duties on the states, so it had no way to collect revenue.
Another weakness was that Congress could not regulate commerce between the states, so there was no way to raise money through trade. Finally, Congress could not regulate the value of money, so it had no control over the currency. These weaknesses in the Articles of Confederation made it difficult for Congress to finance its activities, as it had no real way of generating funds.
As a result, Congress was unable to finance its military operations and had to rely on the states for the funds. This lack of financial power ultimately led to the downfall of the Articles of Confederation and the creation of the Constitution.
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