Answer:
1. does not assume employees will self-report idle time.
2. overcomes some important limitations of ABC.
Explanation:
Time-driven activity-based costing (TDABC) avails business owners the opportunity of reporting their costs on an ongoing basis (real time) which give details about the various cost of doing business, as well as the time spent on them respectively.
This ultimately implies that, TDABC gives entrepreneurs or employers all the necessary information on the actual cost of manufacturing, service delivery and other tasks associated with the business. Under the TDABC, the relationship between time and cost measurement is used to determine the cost price of goods and services.
Time-driven activity-based costing (TDABC) does not assume employees will self-report idle time but it overcomes some important limitations of activity-based costing (ABC) because it can be used by both the employees and their employers.
Hence, the advantage of the TDABC method does not require employees to report idle time, checks the financial implications of aligning capacity with demands and is generally easy to update.
Jordan Industries produced 6,000 units of product that required 1.5 standard hours per unit. The standard variable overhead cost per unit is $2.75 per hour. The actual variable factory overhead was $29,000. Determine the variable factory overhead controllable variance.
Answer:
$4,250 unfavorable
Explanation:
For the computation of variable factory overhead controllable variance first we need to determine the standard variable factory overhead which is shown below:-
Standard variable factory overhead is
= 6,000 units × 1.5 standard hours per unit × $2.75 per hour
= $24,750
Variable factory overhead controllable variance = Actual variable factory overhead - standard variable factory overhead
= $29,000 - $24,750
= $4,250 unfavorable
Therefore we applied the above formula.
When Alice is assigned to host a work party for 100 employees with a modest $200 budget, she needs to be innovative and imaginative. In order for Alice to host a successful work party, she will need to utilize _____ intelligence.
Answer:
Creative intelligence
Explanation:
From the information given:
For Alice to be successful in hosting the work party. She needs her innovation and imagination to be grounded with Creative Intelligence. Creative intelligence is an iterative process that contains three major steps. These are ; frame, create and deliver
Frame deals with understanding the concept i.e having an imagination of what your are about to carry out.
Create: This is where the ideas,views and perspectives comes into play with different innovations such as scalability of products , automation etcetera.
Deliver; The implementation and monitoring stage where all the aim, goals and objectives are being attained.
Most creativity is social, just like connecting the dots. As such creative intelligence lies by connecting with people.
If Alice can utilize the above steps of Creative Intelligence; she will host a successful work party for 100 employees with a modest $200 budget.
Darren notices that many people viewed specific products on his website without purchasing them. He creates a Google Display Ad to drive sales of those exact products. Which option will best suit Darren's marketing goal?
Answer: Dynamic remarketing
Explanation:
Dynamic Remarketing is when ads are shown to the people that have earlier used or ones mobile app or visited ones website. The contents shown will be related to what the user checked out on the website earlier.
Since Darren’s marketing strategy is to target the people who had previously used the website without buying the product, Dynamic Remarketing will be used.
Humble leaders display all of the following key qualities valued by employees except Multiple Choice appreciation of others. low self-awareness. openness to feedback. appreciation of the greater good. low self-focus.
The correct answer is B) low self-awareness.
Humble leaders display all of the following key qualities valued by employees except low self-awareness.
What employees value is high self-awareness, the appreciation of others, openness to feedback, appreciation of the greater good, and low self-focus.
A true leader is an individual who not only leads but teaches others how to lead to. For this to happen, trust is a key value so the employees can feel that indeed there is a true team atmosphere in the organization. Employees must feel appreciated, valued, and motivated through a common goal. That is why it is so important that the leader sets the example all the time.
Low self-awareness should not show the key qualities valued by employees.
The following information should be considered for key qualities:
Appreciation of others.Openness to feedback. Appreciation of the greater good. Low self-focus.Also, low self-awareness represents the value of an employee that should be harmful for everyone.
Therefore we can conclude that Low self-awareness should not show the key qualities valued by employees.
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Which is true? Root cause analysis is an important step in the incident management process. Until the root cause of incidents is identified and eliminated, it is likely that the customer will continue to experience incidents. Typically, root causes are technology related. ITIL best practices state that root cause analysis should be performed for all incidents.
Answer:
1. Root cause analysis is an important step in the incident management process.
2. Until the root cause of incidents is identified and eliminated, it is likely that the customer will continue to experience incidents.
Explanation:
The true and correct statement is that root cause analysis is an important step in the incident management process and until the root cause of incidents is identified and eliminated, it is likely that the customer will continue to experience incidents.
Root cause analysis can be defined as a technical process which is typically used to identify or measure the reason why incidents are occurring and how to device necessary procedures to mitigate and prevent the occurrence of such incidents in the future. Ultimately, if the root cause of an incident isn't identified and properly eliminated, it is very much likely that similar or perhaps the same incident would continue to occur.
Hence, the first solution to solving a problem is identifying and eliminating the root cause.
In the state where Susan lives, drivers whom private insurance companies do not want to insure are placed in a common pool, and each insurer pays its pro rata share of pool losses and expenses. A common policy is used for all high-risk drivers. Susan's state handles high-risk drivers through a(n)
Answer: Joint Underwriting Association
Explanation: An association which affords licensed drivers the opportunity to come together and provide coverage or compensation for vehicle owners or insurers is the Joint Underwriting Association. Members of the association are usually composed of drivers who have been unable to obtain insurance the regular or private insurance companies usually due to the risk exposure level of the driver's or car owners. The joint Underwriting Association requires that members pay shares fees and share of pool losses. However, they are usually more affordable than the standard insurance coverage offered by most private insurance companies and thus provides an insurance lifeline to high risk drivers.
In the aircraft manufacturing industry, at least for large commercial jets, Boeing and Airbus are the only competitors. There is not a significant threat of entry because:_______.
A) there is expected to be a huge return on investment within this industry
B) entering the aircraft manufacturing industry means violating government policies
C) there is no credible threat of retaliation from the incumbents.
D) entering the aircraft manufacturing industry requires huge capital investments
Answer:
D) entering the aircraft manufacturing industry requires huge capital investments
Explanation:
According to the given situation, Boeing and Airbus are the only rivals in the aircraft production business, at least for the big commercial jets.
There is no big entry hazard, as it requires the big amount of capital for entering into the aircraft manufacturing industry.
Therefore from the above explanation, it is clear that the correct answer is d.
Organizational culture refers to:_________.
a. the personal moral and ethical codes of ethics of its top management.
b. a written statement expressing its goals and objectives to be achieved through enacting a comprehensive strategic plan.
c. the fundamental, passionate, and enduring principles that guide its conduct over time.
d. the ethos of an organization that excludes its core values.
e. a set of values, ideas, attitudes, and norms of behavior that is learned and shared among the members of an organization.
Answer:
e.A set of values,ideas,attitudes and norms of behaviour that is learned and shared among the members of an organisation.
Organizational culture refers to a set of values, ideas, attitudes, and norms of behavior that is learned and shared among members of organization. The appropriate response is option E.
What is Organizational culture?The general definition of organizational culture is all of a company's beliefs, values, and attitudes, and how these affect how its people behave. Whatever it's like for a customer to purchase from a business or for a supplier to cooperate with it is influenced by culture.
The definition of organizational culture pertains to the structure, values, sociology, and psychology of an organization, such as a business or non-profit. Philosophy, beliefs, expectations, and experiences are a few examples of organizational culture.
Hence, the appropriate response is option E.
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Kirkaid Company recorded the following transactions for the just completed month: a. $84,000 in raw materials were requisitioned for use in production. Of this amount, $72,000 was for direct materials and the remainder was for indirect materials. b. Total labor wages of $108,000 were incurred. Of this amount, $105,000 was for direct labor and the remainder was for indirect labor. c. Additional actual manufacturing overhead costs of $197,000 were incurred. d. A total of $218,000 in manufacturing overhead was applied to jobs.
Answer:
$6,000 underapplied
Explanation:
The computation of the amount overapplied or under applied is shown below:-
Amount applied = Applied manufacturing overhead - (Indirect materials + Indirect labor + other OH costs incurred )
= $218,000 - {($84,000 - $72,000) + ($108,000 - $105,000) + $197,000 }
= $218,000 $12,000 + $3,000 + $197,000
= $218,000 - $212,000
= $6,000
Therefore for computing the amount under applied we simply applied the above formula.
Coronado Company sells merchandise on account for $4600 to Wildhorse Company with credit terms of 2/10, n/30. Wildhorse Company returns $1000 of merchandise that was damaged, along with a check to settle the account within the discount period. What is the amount of the check?
Answer:
$3,528
Explanation:
The computation of the amount of the check after considering the discount period is shown below:
= Sale value fo merchandise - returned goods - discount paid
= $4,600 - $1,000 - $3,600 × 2%
= $3,600 - $72
= $3,528
By applying the above formula we can get the amount of the check and the same is to be considered
hence, the amount of the check is $3,528
Unit of account is the function of money: that provides a common measurement of the relative value of goods and services. that shows the acceptability of money in exchange for goods and services. that shows the portability of money. that shows the ability of money to hold value over time.
Answer:
a common measurement of the relative value of goods and services.
Explanation:
Money has three functions. they are :
1. Medium of exchange : this shows the acceptability of money in exchange for goods and services.
2. Store of value : that shows the ability of money to hold value over time.
3. Unit of account : a common measurement of the relative value of goods and services. money serves a means by which one can measure the value of goods and services. for example, if we are told the price of a shoe is $1,000 and the price of another shoe is $50. We know that the $1,000 is relatively more valuable when compared to the $50 shoes.
Which of the following is true? Group of answer choices Resist the temptation to make assumptions about customers’ skill levels based on their use of jargon, acronyms, and terminology. If a customer is angry or highly agitated, an analyst should try to ask probing questions prior to letting the customer vent. Technical service desk analysts need to understand the technology they work with, not the business language that customers use. All of the above.
Answer:
Resist the temptation to make assumptions about customers’ skill levels based on their use of jargon, acronyms, and terminology.
Explanation:
As a customer service agent it is important to properly understand your customer so as to provide service that will solve their problems.
When trying to diagnose a customer's problem, it is important to resist the temptation to make assumptions about customers’ skill levels based on their use of jargon, acronyms, and terminology.
The customer may use some of these language without actually understanding them.
It is better to assume the customer has less knowledge about the technical aspects of the problem. So explanation of solutions will be in simple understandable form that a person with low technical skill can easily grasp.
If the costs for direct materials, direct labor, and factory overhead were $522,200, $82,700, and $45,300, respectively, for 16,000 equivalent units of production, the conversion cost per equivalent unit was $8.00.
A. True
B. False
Answer:
True
Conversion cost per equivalent unit = $8 per unit
Explanation:
Conversion cost per equivalent unit = Total conversion cost / Equivalent units
Conversion cost is the sum of the direct labour cost and the factory overhead cost.
Equivalent units are notional whole units which represent incomplete work and are used to apportion cost between work progress and completed work. These units are determined as follows:
Equivalent units = Degree of work done(%) × units of inventory
Equivalent units are 16,000 already given
The conversion cost = 82,700 + 45,300 = 128,000
conversion cost per equivalent unit = 128,000 /16,000 =$8 per unit
Conversion cost per equivalent unit = $8 per unit
If the _______ are not valued as a strength, they can lead to low morale, diminished trust, reduced productivity, greater tension, and suspicion and become a serious impediment to team performance.
Answer:
differences within the project team
Explanation:
There are usually a lot of differences between people in a project team. This makes the team to be more diversified and if these differences are not are not valued as a strength, they can lead to low morale, diminished trust, reduced productivity, greater tension, and suspicion and become a serious impediment to team performance. The team members are from different cultural groups and there may be issues in sharing knowledge, trust and productivity. If such issues are not tackled on time, they may become greater problems for an organization.
Among the greatest failures of the process of collectivization in China was Group of answer choices trying to convert desert and undesireable land into arable plots. reinforcing the traditional family unit as a newly-conceived economic unit instead. the starvation of up to 35 million people. brutal suppression of the private market as sabotage of the revolution. the ability to transition to a free market economy
Answer:
C. the starvation of up to 35 million people.
Explanation:
Collectivization was first introduced in the USSR by Joseph Stalin between 1929-1933 and his purpose for starting this process was to limit the powers of the Kulaks, who were the rich peasants. The program was also aimed at improving agriculture. China adopted this same policy under the rule of Mao Zedong between 1949-1976. Also known as The Great Leap Forward era, this process sought to make China a socialist economy and also increase productivity in agriculture.
The resultant effect of this process was mass starvation of about 35 million people in 1959. Although the government referred to floods and droughts as the cause of this starvation, it was actually the result of collectivization. When Diang Xiaping came into power in 1978, he instituted reforms in the collectivization process that proved successful.
It is common to talk about globalization as a great equalizer that "levels the playing field" for people participating in global markets all over the world, but others (including many geographers) argue that this is not always the case. What illustrates how this is NOT always the case?
Answer:
difference in communications technology
Explanation:
The main topic that illustrates why this is not the case is the difference in communications technology. Many countries around the world do not have easy access to such technologies as the internet, this means that these individuals face barriers to participating in the global markets that others in more privileged locations do not. This lack of communication or information access severely complicates globalization for these locations.
Scenario 14-4 The information below applies to a competitive firm that sells its output for $40 per unit. • When the firm produces and sells 150 units of output, its average total cost is $24.50. • When the firm produces and sells 151 units of output, its average total cost is $24.55. Refer to Scenario 14-4. Suppose the firm is producing 150 units of output and its fixed cost is $975. Then its average variable cost amounts to
Answer:
average variable cost = $18 per unit
Explanation:
total production costs when producing 150 units = average total cost x total output = $24.50 x 150 = $3,675
total variable costs = total production costs - fixed costs = $3,675 - $975 = $2,700
average variable cost = total variable costs / total output = $2,700 / 150 units = $18 per unit
If a firm is worried about distance, country risk, employee morale, intellectual property protection, legal issues, and obtaining specialized talent, then which option is likely the best for this firm
Options:
Offshore
Outsource
Keep in-house
Keep domestic
Answer: keep domestic
Explanation: The recruitment options embarked upon by firms may affect the policies or type of processes the firm's employ in overseeing their recruitment process. For firms who seems skeptical about issues relating to distance, legal issues, country risk, morale and other issues listed above, such firms will best be better placed to oversee a hiring process which is restricted to the local environment which the firm is well informed about and devoid of international and legal barriers, oversea culture and mentality which may hamper or affect the required hiring structure of the firm.
Lexi Company forecasts unit sales of 1,640,000 in April, 1,250,000 in May, 810,000 in June, and 1,650,000 in July. Beginning inventory on April 1 is 250,000 units, and the company wants to have 30% of next month’s sales in inventory at the end of each month. Prepare a merchandise purchases budget for the months of April, May, and June.
Answer:
Explanation:
From the information given in the question:
The main objective is to Prepare a merchandise purchases budget for the months of April, May, and June
Merchandise Purchases Budget
April May June
Next months' budgeted 1250000 810000 1650000
Sales
Ratio of inventory 30% 30% 30%
Desired ending inventory 375000 243000 495000
Sales unit 1640000 1250000 810000
Required units of
available inventory 2015000 1493000 1305000
Less:Beginning Inventory -250000 - 375000 - 243000
Units to be purchased 1765000 1118000 1062000
N:B
Desired ending inventory = Next months' budgeted sales × Ratio of inventory
Required units of available inventory = Desired ending inventory + Sales unit
Last year, the Corporation worked 19,400 actual direct labor-hours and incurred $156,400 of actual manufacturing overhead cost. They had estimated at the beginning of the year that 17,200 direct labor-hours would be worked and $154,800 of manufacturing overhead costs incurred. The Corporation had calculated a predetermined overhead rate of $9 per direct labor-hour. The Corporation's manufacturing overhead for the year was:
Answer:
Results are below.
Explanation:
Giving the following information:
Last year, the Corporation worked 19,400 actual direct labor-hours.
The Corporation had calculated a predetermined overhead rate of $9 per direct labor-hour.
To allocate overhead, we need to use the following formula:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 9*19,400
Allocated MOH= $174,600
Now, we can determine the over/under allocation:
Under/over applied overhead= real overhead - allocated overhead
Under/over applied overhead= 156,400 - 174,600
Under/over applied overhead= $18,200 overallocated
Brief Exercise 5-13 Bridgeport Company reported 2017 net income of $158,800. During 2017, accounts receivable increased by $18,000 and accounts payable increased by $9,740. Depreciation expense was $47,500. Prepare the cash flows from operating activities section of the statement of cash flows.
Answer:
The amount of cash flow provided by operating activities is $198,040
Explanation:
The cash flow from operating activities section of the statement of cash flows begins with net income with adjustments made for non-cash expenses as prepared below:
Net income $158,800
depreciation $47,500
increase in accounts receivable ($18,000)
increase in accounts payable $9,740
Cash generated from operating activities $198,040
Miguel is a new salesperson for Imperial Realty. Dissatisfied with the lack of mentoring he has received, he decides to work for Millennium Real Estate instead, and has his license transferred. At the time of the switch, he had listed two properties. What happens to his listings
Answer:
Miguel cannot keep the listings; they belong to Imperial Realty.
Explanation:
Since Miguel decides to work for Millennium Real Estate instead and want to transferred his license but at the time of switching, he listed two properties.
So as a salesperson he cannot keep the listing as it belongs to a broker not a salesperson and the broker should also be reassigned to the new salesperson plus it also belongs to the imperial realty which he has not part anymore
Viral marketing is:
a) an online form of notification of a potential computer virus or problem.
b) a function that evaluates public attitudes and executes a program of action and information to earn public understanding.
c) a term used to describe promotional efforts such as paying people to say positive things about your product online.
d) a system in which consumers can access company information on their own and supply information about themselves in an ongoing dialogue.
Answer:
a) an online from of notification of a potential computer virus or problem.
A firm has annual sales of $350,045, with a profit margin of 4.5 percent. There are 14,000 shares of stock outstanding with a current price of $45 per share. What is the price-sales ratio?
Answer:
Price -sales ratio = 2.01
Explanation:
Given that:
Annual sales for a firm = $350045
Profit Margin = 4.5% = 0.045
Outstanding stock = 14000 shares
Current price of stock = $45 per share
The objective is to determine the price - sales ratio.
In order to determine that ; we have:
The net profit = Profit Margin × Annual Sales
The net profit = 0.045 × $350045
The net profit = $15752.025
Earnings Per Share =Net income/shares
Earnings Per Share = $ 15752.025/14000 shares
Earnings Per Share = $ 1.125 per shares
The price earning ratio = Price/Earnings Per Share
Price = The price earning ratio × Earnings Per Share
Price = 45 × 1.125
Price = $50.625
Sales per share = Sales/ Share
Sales per share = 350,045/14000
Sales per share = $25.00
Finally; the price-sales ratio is:
Price -sales ratio= Price/Sales per share
Price -sales ratio= 50.25/25.00
Price -sales ratio = 2.01
Kate also wishes to pay dividends on both her common shares and the preferred stock. She is a little confused between cash and stock dividends. Explain the difference between a cash dividend and a stock dividend. Since Kate is the only stock-holder of the common stock, what would be the effect of issuing a 10 percent stock dividend
Find the answers in the explanation below
Explanation:
Cash dividend: Cash dividend is dividend that is paid in cash to shareholders in the event that the company or firm does not need the money for any kind of operation. This means that the company is giving economic value to its shareholders. This transfer of economic value to shareholder means that the shares price of the company will drop. An example is a company having a share dividend of 5%. That means that the price of the company shares will fall by 5%.
Stock dividend: Stock dividend unlike cash dividend is increase stock dividend as well as help stockholders to avoid tax. This subsequently does not increase the value of the company. For example, if stock dividend of a company is 5% and as much as 1 million shares, when stock dividends are declared the stockholder gets extra of 50,000 shares. The stock holder can either keep the shares or sell it to create his own
Cheers
For my business Beauty Essentials would writing personalized thank you cards be better for each customer or should I just write business cards and print them out and give the same ones? Also what are some good name ideas for products?
Answer:
Writing personalized thank you cards would be better for each customer because it would make the customer feel more appreciated since you put so much effort into making each thank you card. For the products, the name specifically depends on what the product is.
Harvey Automobiles uses a standard part in the manufacture of several of its trucks. The cost of producing parts is , which includes fixed costs of and variable costs of . The company can buy the part from an outside supplier for per unit, and avoid 30% of the fixed costs. Assume that factory space freed up by purchasing the part from an outside source can be used to manufacture another product that can be sold for $ profit. If Harvey Automobiles makes the part, what will its operating income be?
Answer:
$26000 greater than if the company bought the part
Explanation:
The computation of the operating income in case of the making part is shown below:
In making 40,000 parts
The relevant cost is $60,000
In the case when the product is buyed from outsider
Purchase costs ($3 × 40,000) $120,000
Less - avoidable fixed cost ($70,000 × 30%) ($21,000
Less; profit from the sale of another product ($13,000 )
Relevant cost to buy $86,000
Now the difference of cost is
= $86,000 - $60,000
= $26,000
The two principal advantages of holding companies are (1) the holding company can control a great deal of assets with limited equity and (2) the dividends received by the parent from the subsidiary are not taxed if the parent holds at least 50% of the subsidiary's stock.
a) true
b) false
Answer:
a) true
Explanation:
Holding Companies are Companies that have more that 50% in Voting Rights in another company and those rights gives them control over the subsidiary company.
The advantages of entering in such a transaction is to control a great deal of assets with limited equity and to receive dividends income from subsidiary.The dividends are exempt from taxes accounting to the tax legislation.
Tulip Corporation purchased equipment for $58,000 on January 1, 2017. On December 31, 2019, the equipment was sold for $24,000. Accumulated Depreciation as of December 31, 2019 was $33,000. Calculate gain or loss on the sale.
Answer:
question is not clear please send clear question
The base year in the consumer price index (CPI) is:_________.
a) established by law.
b) given a value of zero.
c) a year chosen as a reference for prices in all other years.
d) always the first year in the current decade.
Answer:
C. a year chosen as a reference for prices in all other years.
Explanation:
Base year in the consumer price index (CPI) is a year chosen as a reference for prices in all other years.
Consumer Price Index (CPI) is a measure that is used to determine the weighted average of prices of a quantity of consumer goods and services.
Changes in the consumer price index helps to determine price changes associated with the cost of living. The consumer price index is one of the most frequently used statistics for identifying periods of inflation or deflation in an economy.
The formula used to calculate consumer price index for a product
= cost of purchasing the product in the given year ÷ cost of purchasing the product in the base year ×100
The base year or period refers to reference point in time iseda for comparison with other years or periods. It is used to measure financial and economic data.
period is a point in time used as a reference point for comparison with other periods. It is generally used as a benchmark for measuring financial or economic data.