10. the key to effective cost control is to a. all the project to continue and improve. b. aggressively address positive cost variances and cost inefficiencies as soon as they are identified. c. extend the project schedule to complete the project in time. d. aggressively address negative cost variances and cost inefficiencies as soon as they are identified.
Answers
The key to effective cost control is to aggressively address positive cost variances and cost inefficiencies as soon as they are identified. Option B.
The key to effective cost management is a regular and timely analysis of cost performance. truth. Postponing corrective action far into the future can exacerbate negative cost variances in projects. A cost-benefit analysis is a method that examines both the costs and health outcomes of one or more interventions.
Compares one intervention to another by estimating the cost to achieve one unit of health outcome, such as health outcome. B. One-year survival or preventable death. A cost-benefit analysis is an efficient way of evaluating a project program or sector when the key policy objectives can be narrowed down to a single outcome.
Learn more about Effective cost control here:-https://brainly.com/question/25790358
#SPJ4
Related Questions
Does a monopolistically competitive firm tend to have a more elastic or less elastic demand than a monopoly? explain why.
Answers
A monopolistically competitive firm will have a more elastic demand than a monopoly because there will likely be more close substitutes.
What is monopoly, in a nutshell?A market setup where there is only one seller and one sort of items offered. As the only vendor of the goods with no viable alternatives, the seller in a monopoly market has no rivals.
What benefit does monopoly provide?Monopolies have the benefit of guaranteeing a steady supply of a good that is too expensive to sell in a competitive market. A few negatives of monopolies include price-fixing, inferior products, a lack of incentive for innovation, and cost-push inflation.
To know more about Monopoly visit:
https://brainly.com/question/5992626
#SPJ4
Oddo's Pizza is a restaurant that recently implemented a new system to identify and gather information about its regular customers. It rewards these customers by giving them gift coupons and cash prizes. This practice is an example of _______. a. total quality management b. customer relationship management c. profit maximization d. organizational optimization
Answers
Customer is termed as the individual that consumes or uses the goods and services that are availed to them for their satisfaction or need fulfillment. The customers are known as the king of the market that decides the production of the goods and the services.
The correct answer for the blank is b. customer relationship management.
Customer Relationship Management is termed as the process or the activities that manage the company's relationship and communications of the customers with the firm and manage to explore the potential customers or the new customers.
The main aim of CRM is to build and construct good relationships between the customer and the firm. It connects the corporate sector with the customers in order to let them know about their services.
To know more about customer relationship management, refer to the link below:
https://brainly.com/question/15581098
Lauren has gross pay of $765 and federal tax withholdings of $68. Determine Lauren's net pay if she has the additional items withheld: Social Security tax that is 6. 2% of her gross pay Medicare tax that is 1. 45% of her gross pay State tax that is 22% of her federal tax a. $691. 52 b. $666. 21 c. $636. 98 d. $623. 52.
Answers
The correct statement is that the net salary of Lauren will be $623.52 after the deductions of tax withholding against her gross pay of $765.
So, the correct option that matches the statement quoted above is D. Calculations regarding the deduction of tax withholding are shown below.
Calculation of net salaryNet salary of Lauren can be calculated by subtracting all the given deductions from gross pay available in the hands of Lauren.
The withholding of taxes of Lauren will be calculated as,
\(\rm Security\ Tax= Gross\ Pay\ x\ rate\\\\\rm Security\ Tax= 765\ x\ 0.062\\\\\rm Security\ Tax= \$47.43\)
Calculating further,
\(\rm Medicare\ Tax\ = Gross\ Pay\ x\ rate\\\\\rm Medicare\ Tax\ = 765\ x\ 0.0145\\\\\rm Medicare\ Tax\ = \$11.09\)
and
\(\rm State\ Tax\ = Federal\ Tax\ x\ Rate \\\rm State\ Tax\ = 68\ x\ 0.22\\\\\rm State\ Tax\ = \$14.96\)
Now deducting the summation of tax withholding from the gross pay, we get net salary as,
\(\rm Net\ Pay= Gross\ Pay- Tax\ Withholding\\\\\rm Net\ Pay= 765-(14.96+11.09+47.43+68)\\\\\rm Net\ Pay= \$623.52\)
So, net pay of Lauren will be $623.52 for such period.
Hence, the correct option is D that the net salary of Lauren will be $623.52 after the deductions of tax withholding against her gross pay of $765.
Learn more about Net Salary here:
https://brainly.com/question/24017475
peter inc. earned interest on its bank deposit. the interest will be received at the beginning of next year. on december 31, peter should
Answers
Peter Inc. earned interest on its bank deposit. The interest will be received at the beginning of next year. On December 31, Peter should record an adjusting entry to account for the earned interest. The adjusting entry should debit Interest Receivable and credit Interest Income for the amount of interest earned.
Peter should record an adjusting entry on December 31 because it is the end of the accounting period. The adjusting entry for Interest Receivable and Interest Income is a result of accrual accounting, which is based on the revenue recognition principle.
This principle requires revenue to be recognized when earned, regardless of when payment is received.The debit to Interest Receivable reflects the amount of interest that has been earned but not yet received. The credit to Interest Income increases the income earned by Peter Inc. for the period. When the interest is received in the following year, an additional journal entry should be recorded to remove the Interest Receivable and record the cash received. The entry would be a debit to Cash and a credit to Interest Receivable, thus decreasing the receivable.
To know more about interest visit:
https://brainly.com/question/30393144
#SPJ11
Which two security regulations does the pci enforce with regard to electronic banking?
Choices
A. Banks must maintain a secure network
B. Banks must allow customers to chose the level of security they want
C. Banks must compensate customers for money lost due to stolen cards
D. Banks must have information security policy
Answers
Answer:
A. Banks must maintain a secure network D. Banks must have information security policyExplanation:
The Payment Card Industry Data Security Standards (PCI DSS) are there to make sure that companies dealing with payment cards for customers protect these customers by having a secure payment environment to prevent customer money being at risk.
First and foremost the companies should have a secure network for processing card payments and data which means no expense should be spared in maintaining this. Companies must also have an information security policy that employees must follow when dealing with customer information.
What Came first, the color orange or the fruit?
Answers
The citrus definitely got named first. The earliest recorded use of orange the fruit in English is from the 1300s and came to us from the Old French orenge, adapted from the Arabic nāranj, from the Persian nārang, from the Sanskrit nāranga (“orange tree”)
Answer:
the fruit
Explanation:
The citrus definitely got named first. The earliest recorded use of orange the fruit in English is from the 1300s
For the following situations, decide whether this is
an example of an informal or formal trade barrier.
A. Law requiring that stores be closed on Sunday
b. Beliefs about not eating certain foods
c. Special tax on the sale of books
d. Required nutritional information on food
packaging
e. Hiring family members when jobs are available
in an organization
Answers
A=formal trade
B= informal trade
C= formal trade
D= informal trade
E= informal trade
Trade is basically the activities of buying and selling of goods both locally and internationally.
Formal trade barrier refers to factors which affect trading activities negatively and are indeed legal. Such barriers include import duties, taxes etc Informal trade barrier refers to factors which affect trading activities negatively but not from government and they includes transport costs, cumbersome customs practices, regulations, corruption etcThe decision on whether the trade barrier are formal or informal are as follow:
The Law is an example of Formal trade barrier. Various belief like this is an example of Informal trade barrier.The special tax imposed on books is an example of Formal trade barrier.The required nutritional information is an example of Formal trade barrier. Hiring of family members is an example of Informal trade barrier.Lear more about Trade barrier here
brainly.com/question/23607853
) Choose the statement below that is TRUE.
Group of answer choices
A. A rational decision maker will never take sunk costs into account.
B. (From the perspective of the consumer) When the fixed fee increases, the quantity consumed will always decrease.
C. If own-price elasticity of demand = 0, then a change in price will have no effect on total revenue.
Statements (A) and (B) are both True.
Statements (B) and (C) are both True.
Answers
Statements B. (From the perspective of the consumer) When the fixed fee increases, the quantity consumed will always decrease.
C. If own-price elasticity of demand = 0, then a change in price will have no effect on total revenue.
They are both True.
Step 1: Evaluating the statements:
Statement A claims that a rational decision maker will never take sunk costs into account. Statement B suggests that when the fixed fee increases, the quantity consumed will always decrease. Statement C states that if the own-price elasticity of demand is 0, a change in price will have no effect on total revenue.
Step 2: Analyzing the statements:
Statement A is not universally true. While rational decision makers should focus on future costs and benefits rather than sunk costs (costs that cannot be recovered), they may still consider sunk costs in certain situations.
Statement B is generally true. When the fixed fee increases, consumers tend to reduce the quantity consumed as the increased cost makes it less desirable or affordable.
Statement C is true. An own-price elasticity of demand of 0 implies that a change in price will have no effect on the quantity demanded, resulting in no change in total revenue.
Step 3: Conclusion:
Based on the analysis, we find that statements (B) and (C) are both true, as they align with economic principles and observations.
Learn more about elasticity of demand
brainly.com/question/31293339
#SPJ11
Company A is raising $1 million at its initial public offering (IPO) by issuing 2,000 shares of stock?
Answers
The value of each share if you calculate it as $1,000,000/2,000 =500.
What is stock?A stock is referred to as a kind of ownership of certain items. When an individual holds stocks or shares in the market they are entitled as a stockholder or shareholder and liable for some dividend.
The process of announcing new shares of stock to the people for the first time in a private company is known as an initial public offering (IPO). An IPO allows a company to request equity capital from the general public.
The business has grown as a pre-IPO private company with a very small number of proprietors who own the stock in the company.
Learn more about the initial public offering, here:
brainly.com/question/3068229
#SPJ1
The complete question is Probably
Company A is raising $1 million at its initial public offering (IPO) by issuing 2,000 shares of stock. What is the value of each share if you calculate it as $1,000,000/2,000 =
On September 30, 2021, Athens Software began developing a software program to shield personal computers from malware and spyware. Technological feasibility was established on February 28, 2022, and the program was available for release on April 30, 2022. Development costs were incurred as follows: September 30 through December 31, 2021 $ 2,200,000
January 1 through February 28, 2022 800,000
March 1 through April 30, 2022 400,000
Athens expects a useful life of four years for the software and total revenues of $5,000,000 during that time. During 2022, revenue of $1,000,000 was recognized.
Required:
Prepare a journal entry in each year to record development costs for 2021 and 2022.
Answers
The journal entries to record the development costs for the software program in 2021 and 2022 are as follows:
In 2021:
Debit: Development Costs (asset account) - $2,200,000
Credit: Cash - $2,200,000
In 2022:
Debit: Development Costs (asset account) - $1,200,000
Credit: Cash - $1,200,000
The development costs for the software program are recorded as an asset on the balance sheet until the program is available for release. Once the technological feasibility is established, the costs can be capitalized and recorded as an intangible asset.
In 2021, from September 30 to December 31, Athens Software incurs development costs of $2,200,000. To record this expense, we debit the Development Costs asset account and credit the Cash account for the same amount, indicating the cash outflow.
In 2022, from January 1 to February 28, Athens incurs additional development costs of $800,000, and from March 1 to April 30, incurs $400,000. However, since technological feasibility was established on February 28 and the software was available for release on April 30, only the costs incurred after February 28, totaling $1,200,000, can be capitalized. Similar to the previous entry, we debit the Development Costs asset account and credit the Cash account for $1,200,000.
It's important to note that no revenue is recorded in the journal entries for development costs. Revenue recognition occurs separately and is based on the company's estimates of total revenues from the software program over its useful life.
Learn more about Development Costs here:
https://brainly.com/question/29341102
#SPJ11
when a customer reveals confidential information about a competitor to a salesperson, the preferred course of action is for the salesperson to:
Answers
The preferred course of action for a salesperson when a customer reveals confidential information about a competitor is to not use that information to gain a competitive advantage.
The salesperson should maintain ethical standards and protect the confidentiality of the information, and not disclose it to anyone else within their organization or to others outside the organization. The salesperson can politely inform the customer that they cannot use confidential information for competitive purposes and try to redirect the conversation to the benefits of their own products or services. It is important for the salesperson to maintain trust with the customer and not engage in unethical behavior that could harm their own reputation or the reputation of their company.
To know more about ethical standards, here
brainly.com/question/28298953
#SPJ4
please help me ASAP
i will give brainliest
Answers
Answer:
d
Explanation:
The equation of any straight line, called a linear equation, can be written as: y = mx + b, where m is the slope of the line and b is the y-intercept. The y-intercept of this line is the value of y at the point where the line crosses the y axis.
how can communication matrix be distorted?
Answers
Communication distortion occurs when the meaning of a message is lost during transmission, typically as a result of misunderstanding or misrepresentation. It can also happen if a message's proper or comprehensive information is inadequate.
What negatively affects the exchange of information?When one frequency component tries to modulate another frequency component—for example, when a high audio frequency attempts to modulate a low audio frequency—nonlinearities in the system cause intermodulation distortion. The three distortion kinds that can be heard the loudest in audio systems are amplitude, frequency, and intermodulation distortion.
How does the transfer of data prevent distortion?The Data Delay distortion issue can be solved by a certain technique that enables us to manually alter the frequency and speed of the medium network signal. We can use a variety of amplifiers or repeaters to the delay distortion issue, depending on the needs of the signal.
Learn more about Communication distortion: https://brainly.com/question/7180028
#SPJ9
how did the economic situation after the war lead to labor unrest
Answers
The Economic situation after the world war lead to labor unrest because the workers struggled to assert their rights and improve their economic conditions in the face of high unemployment and inflation.
The Economic situation after World War I led to labor unrest in many countries because the post-war period was marked by economic instability, inflation, and high unemployment rates.
Many workers, who had been employed during the war in essential industries, found themselves out of work as demand for their skills declined after the war. Additionally, the return of soldiers to the workforce led to a surplus of labor, which drove down wages.
Therefore, the workers began to demand better pay, improved working conditions, and greater job security.
Learn more about Labor Unrest here
https://brainly.com/question/1061679
#SPJ4
property managers may choose at times not to perform ordinary maintenance at the time a problem is detected in order to boost short-run noi. this type of maintenance is more commonly referred to as:
Answers
The Correct Option is D. Preventive maintenance, The property manager may be responsible for locating and vetting potential renters, handling day-to-day maintenance concerns and tenant complaints, as well as handling tenant move-outs and evictions.
The persons that tenants often deal with are property managers. You might require a property management company if you have numerous rental properties and renters. Property managers today are under stress because of problems, according to a new Unicom survey of small- to medium-sized property portfolio managers. This poll is very helpful in demonstrating that property managers struggle to hire and retain quality workers while maintaining their profit margins.
Property managers may choose at times not to perform ordinary maintenance at the time a problem is detected in order to boost short run NO1. This type of maintenance is more commonly referred to as:
A. corrective maintenance.
B. custodial maintenance.
C. deferred maintenance.
D. preventive maintenance.
To learn more about property managers please click on below link
https://brainly.com/question/29952341
#SPJ4
PLEASE HELP AHH- KS Perez pays 12% average tax rate on gross pay in federal taxes. KS also pays $100 into a 401(k) retirement fund each pay period and pays a $200 per-pay-period contribution to an employer-subsidized health insurance policy. complete KS’s earnings statement below. Round your answer to the nearest dollar.
Answers
Completing KS Perez's earnings statement are as follows:
Gross pay this period = $2,000
Gross pay YTD = $52,000
Federal Income Tax = $9,724
Virgin Income Tax = $2,284
FICA Social Security = $2,740
FICA Medicare = $641
Adjusted Gross Income = $44,200
Other Deductions:
Health Insurance = $5,200
401 Contributions = $2,600
Total other deductions = $7,800
Data and Calculations:
Hourly rate = $25
Hours worked per pay period = 80 hours
Bi-weekly earnings =$2,000 ($25 x 80)
Year to date total gross income = $52,000 ($2,000 x 52/2)
Federal Income Tax Rate = 22% = $9,724 ($44,200 x 22%)
Virginia Income Tax Rate = $720 + 5.75% over $17,000
= $720 + ($27,200 x 5.75%)
= $2,284 ($720 + $1,564)
FICA Social Security = 6.2% = $2,740 ($44,200 x 6.2%)
FICA Medicare = 1.45% = $641 ($44,200 x 1.45%)
Other Deductions:
Health Insurance = $5,200 ($200 x 26)
401 Contributions = $2,600 ($100 x 26)
Total other deductions = $7,800 ($5,200 + $2,600)
Adjusted Gross Income = $44,200 ($52,000 - $7,800)Thus, the adjusted gross income of KS Perez for the year is $44,200.
Learn more: https://brainly.com/question/17040778
perfect price discrimination a. is charging different prices to different buyers. b. is an attempt by monopolists to capture consumer surplus as profit. c. can eliminate the deadweight loss to society of a monopoly. d. do all of these.
Answers
Perfect price discrimination corresponds to all the definitions described above:
is charging different prices to different buyers. is an attempt by monopolists to capture consumer surplus as profit. can eliminate the deadweight loss to society of a monopoly.Therefore, the correct option is: d. do all of these.
The Perfect price discrimination:
Perfect price discrimination is a commercial strategy used by some monopolistic businesses to maximize their profits. It is based on the idea of charging different prices to different consumers, according to their ability and willingness to pay. This allows the company to recover all of the consumer surplus and, therefore, eliminate the deadweight loss to society that occurs when a monopoly operates.
Learn more about the price discrimination:
https://brainly.com/question/23342760
#SPJ4
He said," I don't like you" change in indirect speech
Answers
Answer:
whether'.
Explanation:
the process of increasing the motivating potential of jobs by strengthening the key motivating characteristics identified by job characteristics theory is referred to as:
Answers
The process of increasing the motivating potential of jobs by strengthening the key motivating characteristics identified by job characteristics theory is referred to as job enrichment.
Job enrichment aims to increase the motivating potential of jobs by enhancing the key motivating characteristics identified by the Job Characteristics Theory.
This theory, proposed by Hackman and Oldham, suggests that there are five core job dimensions that influence three psychological states, which in turn impact work outcomes like motivation, performance, and satisfaction.
The five core job dimensions are:
1. Skill variety: The extent to which a job requires a diverse set of skills and abilities.
2. Task identity: The degree to which a job involves completing a whole, identifiable piece of work.
3. Task significance: The impact a job has on others, both within and outside the organization.
4. Autonomy: The level of independence and decision-making freedom employees have in their jobs.
5. Feedback: The degree to which employees receive clear, timely information about their performance.
Job enrichment focuses on improving these dimensions to enhance employees' psychological states, including experienced meaningfulness, responsibility for outcomes, and knowledge of results. By doing so, job enrichment aims to increase motivation, satisfaction, and overall job performance.
Organizations can implement job enrichment by providing employees with more challenging and complex tasks, increasing their decision-making authority, offering opportunities for personal and professional growth, and ensuring that they receive regular feedback on their performance. In summary, job enrichment is a crucial strategy for organizations to improve motivation, engagement, and productivity among employees by strengthening the key motivating characteristics identified by the Job Characteristics Theory.
Learn more about Job enrichment here: https://brainly.com/question/12288524
#SPJ11
Doug offers to sell a computer router to Eve, but it is stolen before Eve accepts. Doug:
a. is not required to obtain a similar item for Eve, because it could take an unreasonable period of time to obtain a replacement.
b. is not required to obtain a similar item for Eve, because the theft of the original router terminated the offer.
c. must obtain a similar item for Eve, if Eve offers to pay before delivery.
d. must obtain a similar item for Eve, if Doug tells Eve that he accepts the offer.
Answers
Answer:
The answer is B
Explanation:
Since its been stolen he can't offer her anything anymore based on that transaction
If you are trying to persuade an audience on a question of fact, you are dealing with
Answers
Answer:
Persuasive Speech
Explanation:
In order to hold the audience's attention until the very end and to achieve the desired effect, the message you are transmitting must be clear, communicated in simple language, and understandable to everyone. Try to avoid too many professional terms, except in parts of speech, where necessary.
A good speaker is one who understands the masses, the average citizen who speaks the ordinary language. Be convincing. Argued. The message should instill confidence in the listeners and let them know that you are confident and professional.
a local restaurant, farm fresh ingredients, has become highly successful through its menu, based solely on organically raised chicken and beef, and organic seasonal produce.
Answers
The local restaurant, Farm Fresh Ingredients, has achieved great success by focusing on a menu that exclusively features organically raised chicken and beef, as well as organic seasonal produce. This approach has helped the restaurant attract customers who value sustainable and healthy food choices.
Here's a step-by-step breakdown of why this menu strategy has been successful:
1. Organic ingredients: By using organically raised chicken and beef, Farm Fresh Ingredients ensures that the meat comes from animals that were not treated with antibiotics or growth hormones. This appeals to customers who prioritize clean and sustainable food options.
2. Health benefits: Organic food is generally perceived as healthier because it contains fewer pesticides and chemicals. By offering organic options, the restaurant caters to customers seeking nutritious and wholesome meals.
3. Environmental sustainability: Organic farming methods promote soil health, biodiversity, and water conservation. The use of organic seasonal produce demonstrates the restaurant's commitment to sustainable practices and appeals to environmentally conscious customers.
4. Local sourcing: Farm Fresh Ingredients might also focus on sourcing ingredients locally, which supports local farmers and reduces transportation emissions. This commitment to the local community further enhances the restaurant's appeal.
In summary, Farm Fresh Ingredients' success can be attributed to its exclusive use of organically raised chicken and beef, and organic seasonal produce. By prioritizing health, sustainability, and supporting local farmers, the restaurant has attracted a customer base that appreciates these values.
Learn more about restaurant
https://brainly.com/question/31921567
#SPJ11
Correct option is c. Based on the given information, we can conclude that Farm Fresh currently has a sustainable competitive advantage.
This is evident from the restaurant's success, as it has become highly profitable and has opened new locations in other cities. Farm Fresh's menu, which focuses solely on organically-raised chicken, beef, and organic seasonal produce, sets it apart from its competitors. By offering a unique and appealing dining experience centered around high-quality, organic ingredients, Farm Fresh has positioned itself as a leader in the market.
This sustainable competitive advantage allows the restaurant to maintain its success and profitability in the long term, attracting customers who value organic and locally sourced food.
To know more about Organic visit-
brainly.com/question/31326704
#SPJ11
Given question is incomplete. Hence, the complete question is :
A local restaurant, Farm Fresh Ingredients, has become highly successful through its menu based solely on organically-raised chicken, beef, and organic seasonal produce. It has opened new locations in other cities, and these new locations are becoming highly profitable although Fruity Market, a national competitor concluded that Farm Fresh lacks strategic equivalents in its organizational structure.Based on this information, we can conclude that Farm Fresh is currently attaining
no competitive advantage
temporary competitive advantage
sustainable competitive advantage
there is not enough information to answer the question
what is the definition of inventory stock
Answers
Answer:
they are goods and materials that a business holds for the ultimate goal of resale or repair
Which type of business does not hold owners accountable for the debts of
the business?
OA. Sole proprietorship
OB. LLC
OC. Partnership
A
OD. Private company
Answers
Answer:
Limited Liability Company (LLC)
Explanation:
A limited Liability Company (LLC) is a business structure in the United States that protects its owners from the personal responsibility for its repayment of debts and liabilities. It is a hybrid entity that has the characteristics of a corporation, partnership and sole proprietorship. The regulation of LLC's varies from one state to another. An entity or individual can be a member of an LLC with notable exceptions from banks and insurance companies. The primary reason for registering a business under LLC is to limit the personal liability of the owners as well as the partners. LLC may have some attractive features but they also possess some great disadvantages as well. Depending upon the state law, an LLC may be dissolved upon the death or bankruptcy of a member.
During the current year, Geraldine has Section 1231 gains totaling $13,000. She also has $3,000 of Section 1231 losses. Three years ago, Geraldine reported a net Section 1231 loss of $6,000. Which of the following correctly describes the amount and treatment of the gain?A)$6,000 is treated as long-term capital gain, $4,000 is treated as ordinary incomeB)$6,000 is treated as ordinary income, $4,000 is treated as long-term capital gainC)10,000 is treated as long-term capital gainD)$10,000 is treated as ordinary income
Answers
During the current year, Geraldine has Section 1231 gains totaling $13,000. She also has $3,000 of Section 1231 losses.
What is ordinary income?
Ordinary income is income that is not subject to special tax treatment in the form of lower tax rates or other tax preferences. It is the most common form of income and includes wages, salaries, tips, commissions, bonuses, and net income from self-employment.
It also includes most types of investment income, such as dividends, interest, and capital gains, as well as rental income and any other income reported on IRS Form 1040. Ordinary income is subject to taxation at the taxpayer's marginal tax rate, which can range from 10% to 37%.
Three years ago, Geraldine reported a net Section 1231 loss of $6,000. Which of the following correctly describes the amount and treatment of the gain.$6,000 is treated as long-term capital gain, $4,000 is treated as ordinary income.
To learn more about ordinary income
https://brainly.com/question/29672905
#SPJ4
Question 15(Multiple Choice Worth 4 points)
(01.09 MC)
Why is creating a budget for an entire year usefu
Most bills are paid annually or only every few months and would be left off a weekly budget.
It can account for irregular expenses like new shoes, so the budget would be more accurate.
O Salaries are paid annually, so the budget should match the timeframe of the paycheck.
O Certain expenses are variable, so it is impossible to budget them with a shorter timeframe.
Answers
The reason why it is useful to create a yearly budget is that Certain expenses are variable, so it is impossible to budget them with a shorter timeframe.
What is a budget?
This can be defined as the estimation of the income that a person has and the expenditures they have over a period of time.
Budgets are useful because they help to match the expenditures such as cars and housing which can nit be taken care of by a weekly budget.
Read more on budgets here:
https://brainly.com/question/6663636
#SPJ1
Answer: Salaries are paid annually, so the budget should match the timeframe of the paycheck.
Explanation:
Consider a firm that employs capital (K) and labour (L) and uses the production technology Q = 3K + 4L. Let factor prices be r = $40 for capital and w = $20 for labour. a)What is the firm’s minimization problem? b)Plot the isoquant for Q =100. What is the Marginal Rate of Technical Substitution (MRTS)? c)For any output Q, what is the optimal combination of K and L given the input prices? Hint set MRTS = r/w and solve for L) d) What is the cost function? Confirm C(Q=100) = 500 e)Given the above, what must the supply curve look like in long-run equilibrium?
Answers
Answer:
a) The firm's minimization problem is to determine the combination of capital (K) and labor (L) that minimizes the cost of production while producing a given level of output (Q). Mathematically, this can be expressed as:
Minimize C = rK + wL
subject to the production function Q = 3K + 4L.
b) To plot the isoquant for Q = 100, we need to find the combinations of K and L that satisfy the production function. Rearranging the production function, we have:
L = (Q - 3K)/4
Now, we can substitute Q = 100 into this equation and plot the isoquant:
L = (100 - 3K)/4
The plot will show different combinations of K and L that yield an output of 100 units.
The Marginal Rate of Technical Substitution (MRTS) measures the rate at which one input can be substituted for another while keeping the level of output constant. It is calculated as the ratio of the marginal product of labor (MPL) to the marginal product of capital (MPK):
MRTS = MPL/MPK
In this case, the production function is Q = 3K + 4L. Taking the partial derivative with respect to L and K, we get:
MPL = 4
MPK = 3
Therefore, the MRTS is:
MRTS = MPL/MPK = 4/3 = 1.33
c) To find the optimal combination of K and L for any given output level Q, we can set the MRTS equal to the ratio of input prices (r/w). In this case, r = $40 and w = $20, so the MRTS is:
1.33 = r/w = 40/20
Simplifying the equation, we have:
1.33 = 2
This equation is not satisfied, so there is no single optimal combination of K and L that satisfies the given input prices. However, we can still determine the optimal combination for a specific output level.
d) The cost function represents the minimum cost required to produce a given level of output. In this case, the cost function can be derived from the firm's minimization problem:
C = rK + wL
Substituting the given input prices, we have:
C = 40K + 20L
e) To determine the long-run supply curve, we need to consider the firm's profit maximization problem. In the long run, the firm can adjust both capital and labor inputs to minimize costs. The long-run supply curve is determined by the combination of inputs that yield the lowest cost of production for each level of output.
In this case, since we have a specific production function (Q = 3K + 4L), the long-run supply curve will depend on the relationship between the input prices (r and w) and the technology (production function). Without further information about the input prices or any restrictions on the inputs, it is not possible to determine the specific shape of the long-run supply curve.
https://brainly.com/question/32697112
#SPJ11
Explanation:
Ottens Flavors, Philadelphia, announced its combination with MK Flavors & Co., Mexico City. The Mexican operation will offer the U.S.-based company an increased market presence in Central and South America. The new company will be renamed MK Ottens Flavors. MK Ottens Flavor was created through a(n):
A.
Joint venture
B.
Merger
C.
Conglomerate
D.
Cartel
E.
Voluntary union
Answers
Ottens Flavors, Philadelphia, announced its combination with MK Flavors & Co., Mexico City. MK Ottens Flavor was created through a merger. Thus, the correct option is (B).
A merger is an arrangement that combines two current businesses into one new one. There are several sorts of mergers, as well as various reasons why firms accomplish mergers.
Mergers and acquisitions (M&A) are frequently used to broaden a company's reach, grow into new markets, or increase market share.
True mergers are unusual since it is uncommon for two equal organizations to gain mutually by integrating resources and personnel, including their CEOs. Acquisitions, unlike mergers, do not result in the foundation of a new corporation.
Therefore, the correct option is "B".
To know more about the merger, visit:
https://brainly.com/question/32684462
#SPJ12
a penalty for understated corporate tax liability can be imposed on a tax preparer who fails to make reasonable inquiries when taxpayer information appears incorrect. copy all underlying documents. audit the corporate records. examine business operations.
Answers
By taking these actions, tax preparers can fulfill their responsibility to accurately report corporate tax liability and mitigate the risk of penalties for understatement.
The penalty for understated corporate tax liability can be imposed on a tax preparer who fails to make reasonable inquiries when taxpayer information appears incorrect. The specific actions that may be required to address this situation include:
Making reasonable inquiries: Tax preparers are expected to exercise due diligence and ask appropriate questions when taxpayer information appears incorrect or incomplete. By doing so, they can ensure that the tax returns are prepared accurately and in compliance with applicable tax laws.
Copying underlying documents: It is essential for tax preparers to maintain a copy of all underlying documents supporting the information reported on the tax returns. These documents serve as evidence and can be used to substantiate the accuracy of the reported information during an audit or examination.
Learn more about tax here:
https://brainly.com/question/31319157
#SPJ11
Most retailers will put low prices on some items in order to increase traffic to the store. These low-priced products are known as?
Answers
These low-priced products are known as loss leaders.
What is a loss leader?A loss leader is a pricing strategy in which a product is offered at a discount from its market value to encourage the purchase of additional, more lucrative products or services. A "leader" in this sales promotion/marketing approach is any well-liked item that is discounted to draw customers.
A loss leader is a product that is purposefully sold for less than its market value as part of your price strategy. Loss leader pricing is a strategy used to boost sales of more lucrative goods and services. This kind of strategy is based on the idea that modest initial losses can frequently result in higher rewards.
Hence, These low-priced products are known as loss leaders.
To learn more about loss leaders, refer
https://brainly.com/question/13644202
#SPJ4