Answer:allocative efficiency; marginal costs
Explanation:allocative efficiency is at an output level where the Price equals the Marginal Cost (MC) of production. This is because the price that consumers are willing to pay is equivalent to the marginal utility that they get. Therefore the optimal distribution is achieved when the marginal utility of the good equals the marginal cost.
The marginal cost is the cost of producing one additional item and is used to pinpoint the optimal economy of scale. The marginal benefit is the greater enjoyment created by producing one additional item.
A country with a very low per capita GDP can have a very high growth rate because mathematically, when the________ is________, even a small difference in the________will result in a large growth rate.
Answer:
Denominator
Lower
Numerator
Explanation:
The reason is that the statement is talking about the low per capita GDP which we can see in the picture attached with this answer.
We can see that if the denominator is lower which means that either population decreases or remains constant when the GDP has increased then the the growth in the per capita GDP will be higher because minute increases in the GDP will increase the answer with significant percentages.
Answer:
A country with a very low per capita GDP can have a very high growth rate because mathematically, when the DENOMINATOR is VERY LOW, even a small difference in the NUMERATOR will result in a large growth rate.
Explanation:
The reason why poor countries tend to grow at much higher rate than rich countries is fairly simple to explain, a small increase in absolute revenue will result in a large percent increase. On the other hand, rich countries need really large increases in revenue in order to get a small percent increase.
For example, in 2018 the GDP per capita in the US is $62,641, a $1,000 increase would result in only a 1.6% increase.
On the other hand, in 2018 the GDP per capita in China is $10,200, a $1,000 increase would result in a 9.8% increase.
in 2018 the GDP per capita in Africa (the whole continent) is $4,097.85, a $1,000 increase would result in a 24.4% increase.
In order to get a 24.4% increase in the American GDP per capita, an increase of $19,781.37 would be needed. China's economic indicators are showing this, before t grew by more than 10% per year, now it is growing below 7%, and soon it will be growing at around 5%. It is not possible to keep growing at extremely high rates forever.
George is the executive producer of a small recording company with an established label. He rejects a popular local band because it competes with a group already on their label. He functions as a
Answer:
gatekeeper
Explanation:
In a company's buying process, the gatekeeper is usually the person that doesn't allow a potential supplier or vendor from reaching the company's decision makers.
In this case, George's role is unusual because gatekeepers tend to be lower ranking employees like secretaries or administrative assistants that filter out unimportant suppliers.
Answer:
gatekeeper
Explanation:
Hello! George's job is to protect what he offers, as he does with his already established group, rejecting over another possible group that competes with his success. Its function is to take care of what he is representing under his discography and avoid any problems that harm his work.
Thanks for your question! Feel free to ask more!
Assume Brandon can buy either 1 DVD for $20 or 3 CDs for $25. What is the opportunity cost if he decides to buy 3 CDs? Select the correct answer below: the 3 purchased CDs the lost opportunity to buy 1 DVD. the difference of $5 between the two options the amount of time Brandon must work to purchase 3 CDs
Answer:
The opportunity cost of buying 3 CDs is the lost opportunity to buy 1 DVD
Explanation:
Opportunity cost is the cost of alternative forgone.It is cost of the item not purchased due the current buying decision.
It is also applicable to a business division selling to another division within the company.The cost of such internal sale is viewed as the variable cost of the product plus the contribution forgone from not selling to external party.This is most likely the case when the selling division does not have a spare capacity with which it can fulfill internal sale request.
The following information is available for Department X for the month of August:Work in process, August 1:Materials$ 8,480Conversion costs$15,900Costs added during August:Materials$29,680Conversion costs$26,500Equivalent units of production (weighted average):Materials4,240Conversion5,300Department X's cost per equivalent unit with respect to conversion, using the weighted average method would be:
Answer:
$8
Explanation:
The computation of the cost per equivalent unit with respect to conversion is shown below:
= Total cost ÷ conversion equivalent units of production
where,
Total cost equal to
= Beginning Work in process cost of conversion + cost added in conversion
= $15,900 + $26,500
= $42,400
And, the conversion equivalent units of production is 5,300 units
So, the cost per equivalent unit is
= $42,400 ÷ 5,300 units
= $8
Two cars got an oil change at the same auto shop. The shop charges customers for each quart of oil plus a flat fee for labor. The oil change for one car required 5 quarts of oil and cost $23.40. The oil change for the other car required 7 quarts of oil and cost $26.90. How much is the labor fee and how much is each quart of oil
Answer: Oil quart = $1.75 each and Labor fee = $14.65
Explanation:
First Car
5 oil quarts plus flat fee for labor = 23.40
Second Car
7 oil quarts plus flat fee for labor = 26.90
Labor is fixed which means the cost of labor for servicing the first car is equal to the cost of labor for servicing the second car. Hypothetically speaking if we used the same number of oil quarts in both cars, the cost of servicing each car would be the same. The cost would be equal to $23.40, but now 2 more oil quarts were used in servicing the second car and costs rose to $26.90.
We know that labor is fixed therefore the change in total costs from $23.40 to $26.90 is caused by the extra two more oil quarts used in the second car. Therefore this means that the cost of 2 oil quarts is $3.50 (26.90 - 23.40) which tells us that 1 quarter of oil is equal to $1.75 ($3.5/ 2).
Cost servicing First Car
total cost of oil = 5 oil quarts x 1.75 = $8.75
Labor fee = 23.40 - 8.75 = $14.65
Cost of servicing the Second car
total cost of oil = 7 oil quarts x 1.75 = $12.25
Labor fee = 26.90 - 12.25 = $14.65
Oil quart = $1.75 each and Labor fee = $14.65
There are five basic steps to personal financial planning and their related tasks. Arrange these steps and examples of related tasks in the order of their presence during the financial planning process.
A. Develop a plan of action. Develop a budget matching income and projected expenses for the remainder of this academic year.
B. Evaluate your financial health. Record all expenses for a month to compare income and expenses.
C. Review progress on the plan, reevaluate the plan, and revise the plan or start over with a new one. Based on this year, develop a revised budget for next year based on projected income and expenses.
D. Define your financial goals. Pay off credit card(s) by the end of this school term.
E. Implement the plan. Reduce expenses in problem areas so amounts do not exceed budgeted projections.
Answer:
The correct order is:
D. Define your financial goals. Pay off credit card(s) by the end of this school term.
B. Evaluate your financial health. Record all expenses for a month to compare income and expenses.
A. Develop a plan of action. Develop a budget matching income and projected expenses for the remainder of this academic year.
E. Implement the plan. Reduce expenses in problem areas so amounts do not exceed budgeted projections.
C. Review progress on the plan, reevaluate the plan, and revise the plan or start over with a new one. Based on this year, develop a revised budget for next year based on projected income and expenses.
Explanation:
The first step in financial planning is to determine your financial goals: buying a house, paying off credit card debt, paying off student loans, etc.
Next, your personal financial situation must be assessed in order to determine how far you are from achieving your financial goal.
The third step consists in devising the plan: the plan should try to concile your goals with your financial situation. The idea is to find a way to realistically attain your financial goals.
The fourth step is to implement the plan, and the fifth step is to review the results of the plan periodically, in order to correct any mistakes, or to design a new plan altogether.
Final answer:
The five basic steps to personal financial planning are to define your financial goals, evaluate your financial health, develop a plan of action, implement the plan, and review the plan's progress to adjust as needed.
Explanation:
The process of personal financial planning typically encompasses the following five basic steps in order, along with their related tasks:
Define your financial goals. An example task is to aim to pay off credit cards by the end of this school term.Evaluate your financial health. A related task could be recording all expenses for a month to compare income and expenses.Develop a plan of action. A task here might involve developing a budget that matches income with projected expenses for the remainder of this academic year.Implement the plan. This can involve reducing expenses in areas where amounts are exceeding budgeted projections.Review progress on the plan, re-evaluate the plan, and revise it or start over with a new one if necessary. You might develop a revised budget for the next year based on this evaluation.It is critical to follow these steps to ensure you can cover your financial costs while working towards short-term, medium-term, and long-term goals. Creating and sticking to a budget is paramount in this process.
Which advantages of small business helped mary ellen sheets establish and grow two men and a truck? 2. which disadvantages of small business did two men and a truck have to overcome? if you had been part of the business at the start, what suggestions would you have offered for overcoming these issues? 3. do you think it's a good idea for two men and a truck to offer franchises outside of north america? why or why not? what kinds of questions would international franchi- sees be likely to ask the company?
Solution:
1. Two men and a truck have an advantage of making their workers comply with the Grandma Law, which demonstrates respect and compassion for their clients. It welcomed new buyers, retained the faithfulness of current customers and made the company's own identity distinctive. The freedom of Two People and a Truck was another plus.
Two men and a truck were using the unsegmented approach to the market that many small companies have to or plan to do. This was based in its business or division on any consumer.
The marketing technique used was the conventional and modern internet and social media marketing method, PR&D and the news media.
2. A) a lack of venture value: because they were a very small enterprise that used to carry their operations out, most customers had lost confidence or a value in their funding, believing their concept of selling franchises was not a successful one.
b) Failure to have sufficient funding: Originally, as this business started to expand rapidly, it emerged as a money-making workplace; a big concern was the shortage of investment resources.
Suggestions for addressing this were: using alternate funding strategies such as retained profits, bank loans, and so on.
3. Two men and a truck should sell concessions outside North America. That is a smart idea. It is because since developing the organization, it is clear that it knows its strong fields, which it will use to develop a stable presence on the world market, with some 300 franchises in North America. Furthermore, this packaging and shipping company's business model is something essential and recognizable in the world.
Global franchises are more likely to question the organization if it is willing to adapt or deviate its strategies in order to suit the consumer market in a different country with a particular philosophy from the North American community, its corporate social management programs, its goals and its organizational ethics.
Which of Kaufman's organizational values calls for a strong president, governor, or mayor and strong department heads, all who adhere to a hierarchical organization that responds to the chief's policy priorities?
1) Neutral competence2) Representativeness3) Executive leadership4) Equilibrium
William won the company contest to devise the most innovative ways to market the company's products. William suggested 40 different ideas, while the runner up proposed only 20. William won because he best exercised his _____ intelligence.
Answer:
creative
Explanation:
Creative intelligence is what we generally call creativity, or the ability to create new things or come up with new ideas. Creative intelligence relies on the imagination of the people, being to able to see something different where everyone else sees the same thing. Creative intelligence is a key characteristic of successful entrepreneurs.
Capricorn Creative Inc., a U.S. based advertising firm, was the first in the advertising industry to identify the growth potential of Brazil and to make huge investments in it's economy. As a result, the firm was able to build brand loyalty and gain experience in that country's business practices. In the language of business strategy, Capricorn Creative has typically benefited from:
A.
a first-mover advantage.
B.
forward integration.
C.
unrelated differentiation.
D.
lateral diversification.
E.
technology transfer.
Answer:
Option A-First mover advantage
Explanation:
The first mover advantage is the advantage to the firm who first steps in to take the risks to ensure future benefits in the long term perspective. The particular example includes of TaTa company in India which has more than 90% of the market and was the first company in India that tried to meet requirements of every class of person, small and medium organization to large corporations. This increased production helped the company to gain economies of scale and the country import policies also though do helped the company.
Furthermore, here the advertising firm is not investing but is a means of investment for many investors which means it has no investment in the country and hence there are no forward integration and lateral diversification.
It can also be noted that the company was not transferring its technology in the state option E is also incorrect.
The unrelated differentiation comes when the firm offer its customers a uniqueness of product services which in this case can not be seen prominent. The company advertises similar to other advertises like the other firms and is not pursuing unrelated differentiation so the option C is also incorrect.
Which new form of communication put the pony express out of business after just 18 months of operation?
Answer:
The telegraph
Explanation:
It took about 10 days and many relay riders to cover the distance between Missouri and California, so even if the pony express was a relatively fast was of sending letters, it still took a long time. On the other hand, the telegraph was almost instantaneous. You needed to set up the communication lines and someone who understood the Morse code, but the difference in time was huge.
What is the impact of an increase in worker productivity when demand is relatively more elastic? A. An increase in sales revenue received by the firm. B. A small increase in the price received by the firm. C. A large increase in the price received by the firm. D. A decline in sales revenue received by the firm.
Answer:
A) An increase in sales revenue received by the firm.
Explanation:
If worker productivity increases, the total output produced by the company will increase while the average cost per unit produced will decrease. This should result in a rightward shift of the supply curve that decreases the product's price at every level of quantity demanded. Since the demand is elastic, a small decrease in price will result in a larger increase in quantity demanded.
When coded in a WHERE clause, which search condition will return invoices when payment_date isn’t null and invoice_total is greater than or equal to $500?
Answer:
Option d is the correct answer, i.e; payment_date IS NOT NULL AND invoice_total >= 500
Explanation:
When coded in a WHERE clause, which search condition will return invoices when payment date isn’t null and invoice total is greater than or equal to $500 then payment_date IS NOT NULL AND invoice_total >= 500 and the remaining options are wrong.
Therefore, the Option with, i.e; payment_date IS NOT NULL AND invoice_total >= 500 is the correct answer.
The Jackson Company incorrectly omitted $100,000 of merchandise from its 20X1 ending inventory. In addition, a merchandise purchase of $40,000 was incorrectly recorded as a $4,000 debit to the purchases account. As a result of these errors, 20X1 before-tax income is:___________.1. Overstated by $136,0002. Understated by $136,0003. Overstated by $640004. Undersated by $64000
Answer:
4. understated by $64000
Explanation:
Purchase cost increases the cost of goods sold and reduces profit before tax (PBT) income.
Similarly, closing inventory balance increases profits before tax income.
In the given case, purchase cost is understated by $40,000 less $4000 i.e $36000. This would overstate the profits by $ 36000. Whereas, omission of closing inventory from records of $100,000 would understate profits by $100,000.
Thus, the net effect of the two mentioned omissions and errors would lead to understated profits by $100,000 less $36000 i.e by $64,000.
5 years ago,an individual has invested $10,000 in aninvestment trust. Over those years, the trust has distributed $2,000, consisting of $1,600 of dividends and $400 of capital gains. The investor has reinvested these distributions in additional trust units. The investors aggregate current cost basis in the trust is:A. $10,000
B. $10,400
C. $11,600
D. $12,000
Answer:
correct option is D. $12,000
Explanation:
given data
invested = $10,000
distributed = $2,000
dividend = $160
capital gain = $400
solution
As when investor beginning trust shares is $10,000 and 2,000 of distributions
so that here all subject to tax in years tax return
and here reinvestment in to new trust shares that is increase basis from $10,000 to $12,000
so investor have capital gain when sell all the shares more than $12,000
so here they have capital loss if sale less than $12,000
so correct option is D. $12,000
An electronic bridge between partner companies in a supply chain that is used to transmit real-time information about orders, inventories, invoices, and other data is known as a(n) ________. A. financial network B. electronic market C. Internet-based e-market D. dot-com market E. electronic data interchange
Explanation:
Enables information transfer between one company and anotherThe transfer of information would be in electronic mode rather than paper modeSince they conduct business electronically they are called "trading partners".Types of EDI are :Direct EDI/Point-to-point, Web EDI, Mobile EDI, etcData are exchanged in 3 simple steps: Prepare the document, convert that to EDI, send to your partner or clientThe three key elements of EDI are: Modem, VAN and point to point linkAn approach that addresses the underlying inconsistencies in the way people use data by attempting to achieve consistent and uniform definitions for entities and their attributes across all business units is called_______
Answer:
Master Data Management (MDM)
Explanation:
Master Data Management (MDM) is a method that involves definition and management of critical data of an organisation. With data integration it provides a single reference. Data can include reference data or analytical data.
In computing Master Data Management (MDM) is useful in removing duplicates, standard Ising data, and introducing rules that will eliminate incorrect data from the system. In this way it creates an authoritative source of data
It has the objective of collecting, matching, consolidating, aggregating, persisting, and distributing data within an organisation to ensure common understanding.
Assume that Hann did not pay her student loans in full and did not have any supporting evidence that indicated that she did. Instead, Hann claims that she does make enough money to pay her full loan payment each month and that they should be forgiven. Hann is employed and makes an average salary for her occupation.In order to obtain relief from her debts, Hann _____ allege that she is insolvent and cannot pay her debts.
need not
Generally, student loans _____ dischargeable in bankruptcy.
are not
An exception to this rule is if there is evidence of _____.
undue hardship
It is likely that Hann's financial situation _____ qualify her for discharge.
does not
Answer:
True - Because the court will test for her insolvency and/or living hardship with the Brunner test which requires her showing that she cannot maintain, based on current income and expenses, a “minimal” standard of living. This is not the case because she is employed.
Explanation:
1. Assume that Hann did not pay her student loans in full and did not have any supporting evidence that indicated that she did. Instead, Hann claims that she does make enough money to pay her full loan payment each month and that they should be forgiven. Hann is employed and makes an average salary for her occupation.In order to obtain relief from her debts, Hann need not allege that she is insolvent and cannot pay her debts.
True - Because the court will test for her insolvency and/or living hardship with the Brunner test which requires her showing that she cannot maintain, based on current income and expenses, a “minimal” standard of living. This is not the case because she is employed.
2. Generally, student loans are not dischargeable in bankruptcy.
TRUE - Student loans are not discharged in bankruptcy unless you show that payment of the debt “will impose an undue hardship on you and your dependents.”
3. An exception to this rule is if there is evidence of undue hardship
TRUE - Student loans are not discharged in bankruptcy unless you show that payment of the debt “will impose an undue hardship on you and your dependents.”
4. It is likely that Hann's financial situation does not qualify her for discharge.
TRUE - Because Hann is employed and makes an average salary for her occupation. The court will test for her living hardship and the most common test is the Brunner test which requires a showing that the debtor cannot maintain, based on current income and expenses, a “minimal” standard of living; but this is not the case because she is employed
Read the following scenario, and determine if the message is professional. Message sent from a BlackBerry mobile device to a client: Jack, are you available this evening? I’d like to touch base on the Smith project. Best, Katie. This message sent from a BlackBerry mobile device to a client is:________. A) Professional B) Unprofessional
Answer:
I would say it's B that's gonna be my answer
Final answer:
The message is considered professional as it is clear, polite, and concise, reflecting the norms expected in business communications. It adequately considers the appropriate context, content, and audience, which are crucial for professional interactions.
Explanation:
The message sent from a BlackBerry mobile device to a client saying, "Jack, are you available this evening? I’d like to touch base on the Smith project. Best, Katie." is professional. It is succinct, polite, and to the point, which aligns with best practices for business communications. Daily business operations often involve formats and protocols that differ from personal communication, including heightened content and audience consideration.
Key aspects of professional texting include addressing recipients politely, stating the purpose of the message clearly, and maintaining a formal, respectful tone. These practices help to ensure the message is understood and makes a positive impression on the recipient. The brevity and clarity of the message also demonstrate respect for the client's time, as texting is often used for short exchanges when a phone call may be inconvenient.
Professionals should also consider the recipient's preferences for communication times. If evening messages are acceptable to the recipient, then the message maintains its professionalism. This highlights the importance of understanding your audience and tailoring your communications accordingly, ensuring effectiveness and appropriateness in a business context.
Delta Diamonds had 5 diamonds available for sale this year: 1 purchased June 1 for $500, 2 purchased July 9 for $550 each, and 2 purchased September 23 for $600 each. On December 24, it sold 1 of the diamonds. Using periodic weighted average cost, its inventory after the December 24 sale is ______.
Answer: Inventory on after sale = 4 x $560 = $2240
Explanation:
Value of Inventory under Periodic weighted average costing method is calculated at the end of the period by adding all purchases costs and divide the total by number of units. the major draw back of this inventory costing system is that inventory books are only updated once a year.
first purchase: 1 diamond = $500
second purchase: 2 diamonds = $550 x 2 = $1100
third purchase : 2 diamonds = $600 x 2 = $1200
total purchases = 500 + 1100 + 1200 = 2800
Total units = 5
Weighted average cost per unit = total cost/total units = 2800/5 = $560
1 diamond was sold, therefore the are 4 diamonds on hand
Inventory on hand after sale = 4 x $560 = $2240
hen Target sells winter coats, it sends them to stores at different times of the year. This is an example of ________. Group of answer choices Demographic segmentation Geographic biases Climate segmentation Climate change Lack of winter in the South
Answer:
Climate segmentation
Explanation:
Climate segmentation -
It refers to the practice of focusing a particular weather , in order to sell goods and services according to the respective climate , is referred to as Climate segmentation .
In this method potential people are targeted on the basis of the requirement of goods for a particular weather .
Hence , from the given scenario of the question ,
The correct answer is Climate segmentation .
Tyson is a supervisor for a company in the agroprocessing industry. He commands the respect, confidence, and loyalty of group members by virtue of his honest and transparent policies. Tyson is:
Tyson is "likely to score high on emotional intelligence".
Explanation:
Peter Salovey and John Mayer characterized emotional intelligence as the ability to track the feelings of one's own and others, to distinguish and properly mark various emotions, and to use emotional knowledge to direct thought and behaviour. There are five essential elements: self-awareness, self-regulation,empathy, inspiration and social skills, according to Daniel Goleman, who helped popularize emotional intelligence.
If you are lacking such intelligence, it is difficult to grasp how you are coming across to others. You feel confused because the message is not conveyed in a form that public can comprehend. But with training, people who are emotionally smart realize they don't express every idea beautifully.
What happens when the management of an organisation gets weakened? (a) Organisation progresses (b) Production increases (c) Profit increases (d) Organisation faces heavy loss
Answer:
(d) Organisation faces heavy loss
Explanation:
Weak management might result in decrease in the productivity of the business operations. It ultimately results as loss for the business as there might be control deficiency in the presence of weak management. I can also effect the company reputation, which will lead to loss in market share. Employees turnover will also be an effect. All of these sums up as a single term of Loss.
Nora is deciding whether to purchase brand name sneakers or a store brand. She has purchased other shoes with the same brand name in the past but was only marginally satisfied. In this situation, Nora is likely to purchase the store brand sneakers because they offer
greater perceived value
Answer:
Greater perceived value.
Explanation:
Nora is deciding whether to purchase brand name sneakers or a store brand. She has purchased other shoes with the same brand name in the past but was only marginally satisfied. In this situation, Nora is likely to purchase the store brand sneakers because they offer greater perceived value. Perceived value can be defined as the customer's evaluation and analysis of the benefits of the products and their capability to meet their expectations, needs and wants, specifically when they compare it with their competitors. Customers think that certain products are better in meeting their needs and expectations, these exceptions can be real or may be un-real because in marketing, perception of quality is sometimes more important than the quality itself. Nora has started believing the same thing in this scenario.
The calculation of GDP does NOT include the value of:________1. Michelin tires purchased by Canadian car collectors. 2. Goodyear tires purchased by the United States Secret Service. 3. Bridgestone tires purchased by Ford Motor Co. 4. Firestone tires sold at your local garage.
Answer:
3. Bridgestone tires purchased by Ford Motor Co
Explanation:
GDP is the total value of the output of a country. It captures the value of all the new products and services produced within the borders of a nation. An increase in GDP signifies growth in the economy.
Economists consider the value of new and finished consumer products only when calculating GDP. Goods and services meant for the production of other goods and services are excluded. If included, it would result in double-counting. Tires bought by the Ford motors are to be used in the production of motor vehicles. They are capital goods. Tires bought by the secret service, the Canadian collectors, and in the garage are for consumption; hence should be included in the GDP.
The value of intermediate goods, such as tires sold at a local garage, is not included when calculating GDP.
Explanation:Gross Domestic Product (GDP) is the total value of all final goods and services produced within a country in a specific period of time, usually a year. When calculating GDP, certain items are excluded. One of these items is the value of intermediate goods, which are goods used in the production of other goods. For example, the value of the iron used in the production of a refrigerator would not be included in GDP. Similarly, tires sold at your local garage are considered intermediate goods and would not be included in GDP.
A company with a December 31 fiscal year end sold and delivered $5,000 worth of inventory on December 15, 2016 with payments of $1,200 collected on December 28, 2016 and $3,800 collected January 25, 2017. Under the accrual method of accounting, what amount of revenue would be recognized in 2016?
Answer:
$5,000
Explanation:
Under the accrual accounting method, revenue is recognized and recorded in the books once the recognition criteria is met i.e once the goods or service has been delivered.
Under this system as well expenses are recorded once incurred.
As such, the time of cash payment does not affect the recognition of revenue. When revenue is earned and cash is yet to be paid, the entries required are debit accounts receivable and credit revenue.
On payment of cash, the entries are posted between cash and accounts receivables.
Answer:
Explanation:
Accrual accounting means revenue and expenses are recognized and recorded when they occur unlike cash basis which are revenues recognised recorded when there are cash payments.
Given:
Sold = $ 5,000
Cash in 2016 = $ 1,200
Cash in 2017 = $ 3,800
Using the above definition of accrual accounting,
Revenue = $ 5,000
Overhead costs have been increasing due to all of the following EXCEPT:________
A) increased automation
B) more complexity in distribution processes
C) tracing more costs as direct costs with the help of technology
D) product proliferation
Answer:
Option C Tracing more costs as direct costs with the help of technology
Explanation:
The reason is that this will decrease the overhead costs because many direct costs previously was treated as overhead costs. Now, when the greater share of costs that were classed as overhead costs previously would be classed as direct cost now and will decrease the total overhead costs due to newer classification of overhead costs.
Aaron, a businessman, has a method of keeping track of accounts receivable by sorting them into groups of those that are 30, 60, 90, and over 90 days past due. Aaron's key in controlling receivables is to have them _____, by sorting them into groups.
Answer:
Aaron's key in controlling receivables is to have them aged, by sorting them into groups.
Explanation:
Aaron is keeping track of his accounts receivable which are the amounts owed by customers to Aaron. Aaron is sorting them into groups each seperated by 30 days past due. So the first group is of all the accounts receivables which are past their due date by 30 days, second group is of all the accounts receivables which are past their due date by 60 days and so on. So it is clear that Aaron is sorting the accounts receivables into groups according to their age.
Answer: aged
Explanation: Sorting accounts receivables by age means to arrange the receivables which are overdue for payment by their duration ranges. It lists the receivables in 30-days buckets where the overdue payment could be 30, 60, 90 days and so on. Typically, accounts receivables occur when the organization gives out the commodities or services on credit to customers hence the sorting of receivables by age to ascertain the success of the credit and to know the customers that are overdue in making their payments.
How much money will there be in an account at the end of 66 years if $60006000 is deposited at 33% interest compounded quarterly question markquarterly?
Answer:
$12,197
Explanation:
I guess that the correct numbers are because otherwise it would be a ridiculously large number:
n = 6 years or 24 quarters principal = $6,000interest rate = 3% quarterlyFuture value = principal x (1 + interest rate)ⁿ = $6,000 x (1 + 3%)²⁴ = $6,000 x 1.03²⁴ = $6,000 x 2.0328 = $12,196.80 ≈ $12,197
Fresh Veggies, Inc (FVI), purchases land and a warehouse for $490,000. In addition to the purchase price, FVI makes thefollowing expenditures related to the acquisition: broker’s commission, $29,000; title insurance, $1,900; and miscellaneousclosing costs, $6,000. The warehouse is immediately demofished at a cost of $29,000 in anticipation of building a newwarehouse. Determine the amount FVI should record as the cost of the land.
Answer:
$555,900
Explanation:
Cost of land is every expenditure in getting ready the land for use.
Cost land = 490,000+29,000+1,900+6,000+29,000= $555,900
Answer:
$555,900
Explanation:
The cost of an item of asset comprises: the cost of purchase, net of any trade discounts plus any import duties and non-refundable sales taxes. any costs directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Therefore in the case of Fresh Veggies, Inc (FVI) all costs incurred to bring the land to intended use will be considered as part of the value of the Land
Purchases................................ $490,000.
broker’s commission............... $29,000;
Title insurance............................. $1,900
Miscellaneous closing costs.... $6,000.
Demolishing cost...................... $29,000
TOTAL COST.............................$555,900