Answer:
The correct answer is use of multiple cost drivers to allocate overhead
Explanation:
Use of direct labor hours or direct labor cost to assign overhead to products is typical of traditional costing systems as overhead is believed to have positive relationship with labor-related variables.
Besides,using a business-wide or plant-wide single predetermined overhead rate is not feature of traditional systems of costing.
Since labor-related variables such as direct labor hours or direct labor cost is assumed to be a driver of overhead cost,hence an appropriate overhead absorption basis,it is perfectly understood that there is correlation between direct labor and incurrence of overhead cost in the business.
An account that will have a zero balance after closing entries have been journalized and posted is
Answer:
An account with a zero balance after closing entries have been journalized and posted is an account in good standing.
Temporary or nominal accounts such as revenue, expense, and dividend accounts are the ones that will have a zero balance after closing entries are completed.
An account that will have a zero balance after closing entries have been journalized and posted typically refers to temporary or nominal accounts in accounting. These accounts include revenue, expense, and drawing accounts for proprietorships and partnerships or dividends for corporations. After closing entries are made, these temporary accounts are reset to a zero balance, transferring their balances to permanent accounts like Retained Earnings or Capital accounts to reflect the revenue, expenses, and distributions for the next accounting period.
The process is a key part of the accounting cycle and ensures that accounts reflect the correct amounts when a new period begins. It is grounded in the double-entry bookkeeping system, where every transaction is entered in at least two accounts, maintaining the balance of the accounting equation which consists of Assets = Liabilities + Owner's Equity.
The Market for Hotel Rooms. Suppose with no tax the equilibrium price is $110 and the equilibrium quantity is 250. If the local government levies a tax of $30 per night on each hotel room rented, the new equilibrium price will equal _____ and the new equilibrium quantity will equal
Answer:
130, 150
Explanation:
Here, in the question the graph is missing. So, in the attachment the graph is attached.
Equilibrium is the state or condition, where there is balance or stable situation, which means that the opposing forces cancel each other force out and no changes or variations happen or occur.
In short, it is defined as the state where the quantity demanded is equal to the quantity supplied, where there is no loss to the business.
From the graph, we could analyze that the new equilibrium price is 130 and at this price, the new equilibrium quantity is 150.
If a company is eliminating certain models of a product and cutting back on expenditures, the product is most likely in the ________ stage of the product life cycle.
The described scenario indicates that the product is likely in the 'decline' stage of its life cycle. This is a part of a strategy to minimize losses due to a product no longer being profitable or competitive. This stage can also lead to an 'exit' scenario in business.
Explanation:When a company is eliminating certain models of a product and reducing its expenditures, it is most likely that the product is in the decline stage of the product life cycle. This is a stage when a product's sales decline and it may no longer be profitable or competitive in the market. Companies typically reduce production, eliminate certain models, and cut back on expenditures such as marketing and distribution. This is done to minimize losses and to transition resources to newer products or other areas of the business. This stage is part of a long-run process of reducing production in response to a sustained pattern of losses, which in business terms is often called exit.
Learn more about Product Life Cycle here:https://brainly.com/question/33498941
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Martha claims that she has been assigned marginal job roles or light workloads that don't lead to promotion. Which of the following terms accurately explains the type of discrimination she has been subjected to?
A) intimidation
B) sexual harassment
C) exclusion
D) inclusion
E) insult
Simon Peters, a senior manager at Celise Export Logistics, goes to France to negotiate a deal with the company's French partners. He dresses casually in a t-shirt and jeans. His French counterparts call off the meeting and accuse him of taking a casual attitude toward negotiations. In this scenario, dressing formally during business meetings is probably a cultural _____ for the French
In this scenario, dressing formally during business meetings is probably a cultural imperative for the French
Explanation:
Cultural imperatives are traditions that you have to comply with when you want to succeed.
Relationship building is an example of a cultural imperatives .
Business understands the importance of building a relationship in many Asian countries such as China and Japan and Latin America.
Businessmen are not doing company business, they are doing business with people. It is a cultural necessity to spend time developing this relationship in these countries before you start up your business. Always underestimate your business partners ' value in building trust. It makes or breaks an agreement. Among Asian countries, another moral necessity is to make no one lose face. Never raise your voice or publicly threaten anyone. You will struggle in your company if you are ignorant of these cultural imperatives.
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:
Option "4" is the correct answer to the following statement.
Explanation:
Step 1: Company omitted $100,000 from Stock account, it will Increase Cost of goods sold by $100,000
and also Profit by $100,000
Step 2: Purchase account debited by $4000 Would decrease the Cost of goods sold by ($40,000 - $4,000) $36,000 and decrease Profit by the same amount.
Total understate income = $100,000 - $36,000
= $64,000
Assume that an economy described by the Solow model is in a steady state with output and capital growing at 3 percent, and labor growing at 1 percent. The capital share is 0.3. The growth-accounting equation indicates that the contributions to growth of capital, labor, and total factor productivity are:____________-
A) 0.3 percent, 0.7 percent, and 2 percent, respectively.
B) 0.9 percent, 0.7 percent, and 1.4 percent, respectively.
C) 0 percent, 1 percent, and 2 percent, respectively.
D) 1.8 percent, 0.3 percent, and 0.9 percent, respectively.
Answer:
The growth-accounting equation indicates that the contributions to growth of capital, labor, and total factor productivity are 0.9%, 0.7%, and 1.4%, respectively.
Explanation:
Given
Capital growing = 3%
Labor growing = 1%.
Capital share = 0.3
Assuming the economy is in a steady state;
The growth accounting equation is as follows:
GDP Growth = Capital Growth*(Weight of Capital Contribution) + Labor Growth*(Weight of Labor Contribution) + Technological Progress.
Contribution to Growth of Capital = 3% * 0.3 = 0.9%
Contribution to Growth of Labour = (1 - 0.3)% = 0.7%
Total Factor Productivity = 1 + 0.3 + 0.1 = 1.4%
Answer: B. 0.9 percent, 0.7 percent, and 1.4 percent, respectively
Explanation:
The growth accounting equation measures how changes in the Gross Domestic Product (GDP) are influenced by productivity levels due to changes in available capital, labor, and technology.
Output and capital growth = 3%
Labor growth = 1%
Capital share = 0.3
Contribution to capital = capital growth × capital share = 3% × 0.3 = 0.9
Contribution to labor = 1% - 0.3= 0.7
Contribution to total factor of productivity = 1 + 0.3 + 0.1 = 1.4
The yurdone corporation wants to set up a private cemetery business. according to the cfo, barry m. deep, business is "looking up." as a result, the cemetery project will provide a net cash inflow of $107,000 for the firm during the first year, and the cash flows are projected to grow at a rate of 3 percent per year forever. the project requires an initial investment of $1,600,000. a-1 what is the npv for the project if yurdone's required return is 12 perce
Answer:
Net Present Value for this project is -411,111.11
Explanation:
Net Present Value is the difference between present values of future cash flows and present value of future cash outflows. Since, the outflows are paid today, we don't need to discount them.
Since we have indefinite period of time and expected net cash inflow of 107,000$ after first year, where it is expected to grow annually at 3%, we can use following formula:
P V = F V / i-g, where g is annual growth rate of future cash inflow. Therefore, we will have P V = 1,188,888. In order to calculate N P V we need to calculate the difference between P V and initial investments. Finally, we get -411,111.11
Calculating the NPV of the Yurdone Corporation's proposed cemetery business using the growing perpetuity formula shows a negative NPV of -$411,111.11, indicating that it may not be a profitable investment at a 12% required return.
The Yurdone Corporation is considering setting up a private cemetery business, expecting a net cash inflow of $107,000 in the first year, with cash flows projected to grow at a rate of 3% annually. The initial investment required is $1,600,000. To calculate the project's Net Present Value (NPV) given a required return of 12%, we use the formula for a growing perpetuity: NPV = (Cash Flow Year 1 / (Required Return - Growth Rate)) - Initial Investment. Thus, NPV = ($107,000 / (0.12 - 0.03)) - $1,600,000 = $107,000 / 0.09 - $1,600,000 = $1,188,888.89 - $1,600,000 = -$411,111.11. Therefore, given a required return of 12%, the NPV for the Yurdone Corporation's cemetery project would be negative, suggesting that this may not be a viable investment under these conditions.
Suppose the economy is initially in long-run equilibrium then aggregate demand rises. What will happen in the long run?
Answer with Explanation:
Once the aggregate demand rises, this means that the consumers have the capacity or are willing to purchase more of the goods and services. Once this happens for a prolonged period of time, inflation will result. This means that the prices of goods will increase at the same quantity being offered.
The increase in the prices of goods happens because once the demand of the consumer increases, the producers would try their best to meet that demand. This is effective in the short-run. However, it is hard to accommodate such huge demand in the long-run. So, this mean that the producers will have to increase the price level of the goods. This will then lower the aggregate expenditures of the consumers.
So, this explains the answer.