Answers
Any company's level of leadership and organization within its culture can determine how successful it is. Positive corporate culture may influence a whole workplace with the appropriate leadership. By embracing new behaviors and values, you can become a more effective leader in your own business by having a better understanding of organizational culture and how leadership influences it.
Organizational culture and leadership are a set of values that characterize a business and how the leadership of the business embodies and upholds those values. It outlines the behaviors and actions the company anticipates its staff members will do to foster a healthy work environment and support the growth of the organization.
The mission and goals of a company are also influenced by organizational culture, therefore it's critical to define them clearly so that every person understands the goal they're working toward.
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Related Questions
er taxes, of R227 000 and preference share dividends of R10 000. If the company had a number of ordinary shares outstanding of 76 262, what was its earnings per share (EPS)?
Answers
The company's earnings per share (EPS) was calculated to be R3.03
Earnings per share (EPS) is calculated by dividing the company's net income by its number of outstanding shares. In order to calculate EPS, we must first calculate the company's net income. The net income of the company is given as R227,000 from regular taxes and R10,000 from preference share dividends. Therefore, the company's total net income is R237,000.Next, we must calculate the company's earnings per share (EPS). We are given that the company had a number of ordinary shares outstanding of 76,262. Therefore, the company's EPS is calculated as follows:Earnings per share (EPS) = (Net income - Preferred dividends) / Number of outstanding sharesEarnings per share (EPS) = (R237,000 - R10,000) / 76,262Earnings per share (EPS) = R3.03Therefore, the company's earnings per share (EPS) was R3.03.Summary: Earnings per share (EPS) is calculated by dividing the company's net income by its number of outstanding shares. In this problem, we are given that the company had a net income of R237,000 from regular taxes and preference share dividends, and a number of ordinary shares outstanding of 76,262. Therefore, the company's earnings per share (EPS) was calculated to be R3.03.For more questions on Earnings per share (EPS)
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According to the video, what are some qualities Tellers need? Check all that apply.
a cheerful, outgoing personality
a dominant, confident presence independence
leadership skills
basic math skills
attention to detail
Answers
Answer:
a e f i did the assment
Explanation:
Answer:
the answer is:
a cheerful, outgoing personality
basic math skills
attention to detail
Explanation:
1. You are an adult employed in your favorite career. You earn
$15.00 per hour. Every hour over 40 per week, you earn
1.5 times your current rate. Based on the schedule listed
below, how much money did you earn last week
Answers
Assuming you worked 50 hours last week, the total amount of money that you earned based on the work rate described above, is $825.
When you work for 40 hours in a week, you are normally paid $15 for each of those hours. This means that out of the 50 hours you worked, the normal salary you made was:
= Number of hours in week x Amount per hour
= 40 x 15
= $600
The total amount of hours you worked over 40 was:
= 50 - 40
= 10 hours
For these 10 hours, you are paid 1.5 your normal rate of $15 per hour which means that you made:
= 10 x 15 x 1.5
= $225
The total you made was therefore:
= Normal salary x Amount earned for working over 40 hours
= 600 + 225
= $825
In conclusion, you earned $825 last week.
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The country of Rainbows exports seeds to the country of Farmington. Information for the quantity demanded (Qd) and the quantity supplied (Qs) for each country, in a world without trade, are given in the tables below.
Price ($) Qd Qs
40 150 120
50 130 130
60 110 150
70 100 170
80 90 180
Farmington:
Price ($) Qd Qs
40 310 190
50 300 220
60 290 250
70 280 280
80 270 310
What is the equilibrium price and quantity for each country?
Answers
Answer:
Rainbows :
Equilibrium price : $50
Equilibrium quantity: 130
Farmington
Equilibrium price : $70
Equilibrium quantity: 280
Explanation:
Equilibrium price is the price where the quantity demanded equals the quantity supplied.
Equilibrium quantity is the quantity at which quantity demanded is equal to the quantity supplied.
I hope my answer helps you
The more productive a company can be, the greater its return on that investment and the higher the profit.
True
False
Answers
Answer: true
Explanation:
what kind of kitkat are low demand?
Answers
Kitkat is one of the most selling chocolate brand. The kitkat products which are of low demands are mostly Wasabi kitkat,, whole grain biscuits, cough drop kit kat etc.
What is product demand?The demand for a product changes with taste and needs of consumers. Price elasticity, or consumer behaviour in response to price changes, is the category that describes how consumer demand responds to changes in pricing.
The individual buyer exhibited rational conduct; he sought to maximise the number of advantages, i.e., the ratio of the cost of the meal to the cost of the purchase.
Kitkat is a popular brand and many products such as biscuits, chips, cough drops and chocolate bars are delivered by them. Among them, the products that are commonly of low demand are Wasabi kitkat, cough drop kit kat and whole grain biscuits.
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why is the study of finance important
Answers
Answer:
Studying finance can prepare you not only for careers in the financial services sector, but also for tasks in your everyday life. And because finance revolves around planning and analysis, studying finance and becoming more financially literate enables people to make better personal financial decisions.
Explanation:
Jake discovers that no flood insurance rate map (FIRM) is available in Lower Riverton, where he has just purchased a home. However, he can obtain a flood hazard boundary map (FHBM) that
Answers
If Jake issued flood insurance on real estate situated in flood areas, an ideal insurable risk may have been violated as the loss should not be catastrophic.
What is flood insurance?Flood insurance provides coverage for losses caused directly by flooding. Any buildup of water on typically dry terrain that impacts at least two acres of land or two or more properties is known as a flood.
For instance, the harm caused by a sewage backlog that resulted directly from flooding would be paid.
Thus, If Jake issued flood insurance on real estate situated in flood areas.
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What makes penny stocks risky investments with uncertain rates of return? Choose four correct answers.
They generally have a low trading volume.
They have a low market price of less than $5.
They represent a share of a company’s value.
It is difficult to find reliable information about the company.
They are more likely to be a part of a “pump and dump” scheme.
Answers
Answer:1,2,4,5
Explanation: just took the assignment
Answer:
1, 2, 4, 5
Explanation:
Got it right on edge 2020
Discuss two reasons why it is important as a healthcare manager to understand ICD-10-CM, and CPT, DRG, and HCPCS coding, even if you are not a professional coder in the health information management department?
Answers
ICD-10-CM, CPT, DRG, and HCPCS coding are crucial for healthcare managers to understand because they expand the codes for medical complications and safety concerns.
Procedure codes that are comprehensive, accurate, and current will enhance data on the results, efficiency, and costs of new medical technology and guarantee fair reimbursement practices for its use.
Because it offers a common language for describing, reporting, and monitoring diseases, the ICD is significant. As a result, data can be compared and shared globally between hospitals, regions, and nations, as well as over extended time periods.
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Beech's managers have made the following additional assumptions and estimates:
25
points
eBook
Print
1. Estimated sales for July, August, September, and October will be $210,000, $230,000, $220,000, and $240,000, respectively.
2. All sales are on credit and all credit sales are cofected. Each month's credit sales are collected 35% in the month of sale and 65%
In the month following the sale. All of the accounts receivable at June 30 will be collected in July,
3. Each month's ending inventory must equal 30% of the cost of next month's sales. The cost of goods sold is 60% of sales. The
company pays for 40% of its merchandise purchases in the month of the purchase and the remaining 60% in the month following
the purchase. All of the accounts payable at June 30 will be paid in July.
4. Monthly selling and administrative expenses are always $60,000. Each month $5,000 of this total amount is depreciation expense
and the remaining $55,000 relates to expenses that are pald in the month they are incurred,
5. The company does not plan to borrow money or pay or declare dividends during the quarter ended September 30. The company
does not plan to issue any common stock or repurchase its own stock during the quarter ended September 30,
References
Required:
1. Prepare a schedule of expected cash collections for July, August, and September
2-a. Prepare a merchandise purchases budget for July, August, and September
. Also compute total merchandise purchases for the
quarter ended September 30.
2-6. Prepare a schedule of expected cash disbursements for merchandise purchases for July, August, and September.
Dronare an income statement that comnite nat nerating income for the cuarter andart Sentomhar an
Answers
1. The preparation of the schedule of expected cash collections for July, August, and September for Beech Corporation is as follows:
Cash Collections:July August September
Estimated sales $210,000 $230,000 $220,000
Cash collection:
35% sales month $178,500 $80,500 $77,000
65% month following 140,000 136,500 149,500
Total cash collections $318,500 $217,000 $226,500
2. The preparation of a schedule of merchandise purchases for July, August, and September for Beech Corporation is as follows:
Merchandise Purchases:July August September
Estimated sales $210,000 $230,000 $220,000
Cost of goods sold $126,000 $138,000 $132,000
Ending inventory $69,000 $66,000 $72,000
Goods available $195,000 $204,000 $204,000
Beginning inventory 60,500 69,000 66,000
Purchases $134,500 $135,000 $138,000
The total merchandise purchases for the quarter ended September 30 is $407,500 ($134,500 + $135,000 + $138,000).
2-b. The preparation of a schedule of expected cash disbursements for merchandise purchases for July, August, and September for Beech Corporation is as follows:
Cash Disbursements:July August September
Purchases $134,500 $135,000 $138,000
Cash payment for purchases:
40% month of purchase $53,800 $54,000 $55,300
60% month following 88,000 $80,700 81,000
Total cash payment $141,800 $134,700 $136,300
3. The preparation of an income statement showing the net operating income for the quarter for Beech Corporation is as follows:
Beech's Corporation
Income Statement:July August September Total
Estimated sales $210,000 $230,000 $220,000 $660,000
Cost of goods sold $126,000 $138,000 $132,000 396,000
Gross profit $84,000 $92,000 $88,000 $264,000
Expenses:
Selling and admin. $60,000 $60,000 $60,000 $180,000
Net income $24,000 $32,000 $28,000 $84,000
Data and Calculations:Sales Budget and Cash Collections
July August September October
Estimated sales $210,000 $230,000 $220,000 $240,000
Cash collection:
35% sales month $178,500 $80,500 $77,000 $84,000
65% month following 140,000 136,500 149,500 143,000
Total cash collections $318,500 $217,000 $226,500 $227,000
July August September October
Estimated sales $210,000 $230,000 $220,000 $240,000
Cost of goods sold $126,000 $138,000 $132,000 $144,000
Ending inventory $69,000 $66,000 $72,000
Goods available $195,000 $204,000 $204,000
Beginning inventory 60,500 69,000 66,000
Purchases $134,500 $135,000 $138,000
Cash payment for purchases:
40% month of purchase $53,800 $54,000 $55,300
60% month following 88,000 $80,700 81,000
Total cash payment $141,800 $134,700 $136,300
Beech Corporation
Balance Sheet at June 30:Assets:
Cash $75,000
Accounts receivable 140,000 143,000
Inventory 60,500
Plant and Equipment 227,000
Total assets $508,500
Liabilities:
Accounts Payable $88,000 $82,700
Common Stock 311,000
Retained Earnings 109,500
Total liabilities & equity $508,500
Thus, the net operating income for the quarter ended September 30 for Beech Corporation is $84,000.
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Question 1
Which is the best example of specialization?
A
A surf shop lowers the price on swimsuits.
A dry cleaner spends extra time on grease spots.
Oc
An assistant in a tailoring shop only replaces zippers.
D An online clothing outlet offers customized monograms.
Answers
An assistant in tailoring shop
Which is a possible benefit of having a good credit history?
O getting a high interest rate on a credit card offer
O obtaining a low interest rate on a loan
obtaining a savings account
O having a paycheck garnished
Mark this and return
Save and Exit
Answers
Answer:
B. obtaining a low interest rate on a loan
Explanation:
Answer:
b
Explanation:
got it right on test
What are the inventory methods used in accounting?
Answers
Answer:
- specific identification;
- first-in, first-out (FIFO);
- last-in, first-out (LIFO); and.
- weighted-average.
A ________ externality exists when the number of customers who purchase a good or use it influences the quantity demanded.
Answers
Answer: network
Explanation:
Network externality simply states that demand for a good or service has to do with how other people demand for that particular good or service. It means consumer's buying patterns are influenced by the purchase of others buying the product.
Therefore, a network externality exists when the number of customers who purchase a good or use it influences the quantity demanded.
Which of Congress's powers is implied through the necessary and proper
clause?
OA. The power to restrict child labor
O B. The power to negotiate treaties
O C. The power to print money
OD. The power to declare war
Answers
Answer:
b the power to negotiate treaties
consults with an employee about her continuing education
Answers
An HR manager consults with an employee about her continuing education options is Training and development
What is the role of training and development in HRM?In order to help organisations achieve their strategic goals, training and development are essential components of human resource management (HRM). They do this by ensuring that employees have the abilities, knowledge, and skills required to do their jobs well. While development refers to broader learning opportunities that aim to improve an employee's overall skills and capabilities for future roles, training refers to the process of imparting specific skills or knowledge to employees to improve their performance on the job. Employees who participate in training and development programmes can learn new skills, increase their productivity, and show greater interest in their work. They can also aid businesses in luring and keeping top talent by offering chances for career advancement.
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Waterway Industries started the year with $66000 in its Common Stock account and a credit balance in Retained Earnings of $48400. During the year, the company earned net income of $52800, and declared and paid $22000 of dividends. In addition, the company sold additional common stock amounting to $30800. As a result, the balance in retained earnings at the end of the year would be
Answers
Answer:
$79,200
Explanation:
The computation of retained earning at year end is seen below;
= Opening retained earning balance + Net income - dividend paid
= $48,400 + $52,800 - $22,000
= $79,200
Therefore, the retained earnings balance is $79,200
Suppose that the production function is y= 9k^0.5 N^0.5. With this production function, the marginal product of labor is MPN= 4.5K^0.5 N^-0.5. The capital stock is K= 25. The labor supply curve is NS= 100[(1-t)w]^2, where w is the real wage rate, t is the tax rate on labor income, and hence (1-t)w is the after-tax real wage rate.c.Suppose that a minimum wage of w=2 is imposed. If the tax rate on labor income, t, equals zero, what are the resulting values of employment and the real wage? Does the introduction of the minimum wage increase the total income of workers, taken as a group?
Answers
The resulting values for employment and the real wage are 70.3125 and $1.5811 per hour, respectively.
The introduction of the minimum wage does not increase the total income of workers taken as a group.
How to determine employment and real wageTo find the resulting values of employment and real wage, determine where the labor supply curve intersects the labor demand curve.
MPN =
\(4.5K^0.5 N^-0.5 = (9K N)^0.5 / (2KN)^0.5 = (9/2)^0.5 (K/N)^0.5 = w/P
\)
where P is the price of output, which we can assume is equal to 1.
This equation can be rearranged to solve for N:
N =
\((9/2) (K/w)^2\)
Plugging in K = 25 and w = 2, we get:
N =
\((9/2) (25/2^2) = 70.3125\)
To find the real wage, we can plug this value of N into the labor supply curve:
NS =
\(100[(1-t)w]^2 = 100(1-0)(2)^2\)
= 400
Since labor supply exceeds labor demand, the real wage will be bid down to the equilibrium level.
\((9/2)^0.5 (K/N)^0.5 = w/P
(9/2)^0.5 (25/N)^0.5 = 1/2
N = (9/2) (25/2^2) = 70.3125
w = 2(70.3125/100)^0.5 = 1.5811\)
The equilibrium real wage is $1.5811 per hour.
To determine whether the introduction of the minimum wage increases the total income of workers,
Total income before minimum wage = wN = 1.5811 x 70.3125 = $111.31
After the minimum wage of $2 is imposed, the real wage is fixed at $2, and the level of employment is determined by the intersection of the labor supply and demand curves at this wage:
N =
\((9/2) (25/2^2) / (2)^2 = 35.15625\)
Total income after minimum wage = wN = 2 x 35.15625 = $70.31
Since the total income of workers decreases from $111.31 to $70.31 after the minimum wage is imposed, the introduction of the minimum wage does not increase the total income of workers taken as a group.
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Multiple Choice Question
If sales = $100,000, turnover = 2.0, and ROI = 10 percent, then
O net income = $5,000 and margin = 5%
O net income = $20,000 and margin = 5%
O net income = $5,000 and margin = 10%
O net income = $10,000 and margin is indeterminable
Answers
Answer:
The formula for ROI (Return on Investment) is:
ROI = Net Income / Investment
We know that ROI is 10%, so we can write:
0.10 = Net Income / Investment
We also know that turnover is 2.0, which means that the investment is equal to:
Investment = Sales / Turnover
Substituting the given values, we get:
Investment = $100,000 / 2.0 = $50,000
Now we can solve for net income:
0.10 = Net Income / $50,000
Net Income = 0.10 x $50,000 = $5,000
The formula for margin is:
Margin = Net Income / Sales
Substituting the given values, we get:
Margin = $5,000 / $100,000 = 0.05 = 5%
Therefore, the answer is:
Net income = $5,000 and margin = 5%.
I have $10,967.74 in a brokerage account, and plan to deposit an additional $6,000.00 at the end of every future year until my account totals $270,000 and I expect to earn 13% annually on the account. How many years will it take
Answers
Note that with respect to the deposite, it will take approximately 8.19 years for the account to reach $270,000.
How is this so?To determine how many years it will take for the account to reach $270,000,we can use the future value of an annuity formula.
The formula is -
FV = P x [(1 + r)ⁿ⁻¹] / r
Where -
FV = Future value ($270,000)
P = Annual deposit ($6,000)
r = Interest rate per period (13% or 0.13)
n = Number of periods (number of years)
We need to solve for n, so we can rearrange the formula as -
n = log((FV x r / P) + 1) / log(1 + r)
Plugging in the values -
n = log((270000 x 0.13 / 6000) + 1) / log(1 + 0.13)
Using a calculator, we find that n is approximately 8.19.
thus, it is corect to state that, it will take approximately 8.19 years for the account to reach $270,000.
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2. Adama Garment which is operating in Adama currently has opened four new stores in Ethiopia. Data on monthly sales volume and labor hours are given below for each town. Which store location has the highest labor productivity?
Store
Bale-robe
Hawassa
Nekemt
Dahirdar
Sales volume
12000birr
60000birr
40000birr
25000birr
Labor hours
60
500
250
200
3. Adama Garment accountant (from Problem 2) suggests that monthly rent and hourly wage rate also be factored into the productivity calculations.
Hawassa pays the highest average wage at birr 6.75 an hour. Bale-Robe pays birr
6.50 an hour, Nekemte birr 6, and Bahirdar birr 5.50. The cost to rent store space
is birr 2000 a month in Hawassa, birr 800 a month in Nekemte, birr 1200 a month
in Bale-Robe, and birr 1500 a month in Bahirdar.
Which store is most productive?
Adama garment general manager is not sure it can keep all four stores open. Based on multifactor productivity, which store would you close? What other factors should be considered?
Answers
Adama Garment's Bale-robe store has the highest labor productivity. It generates 200 birr per labor hour, followed by Hawassa (40 birr/hour), Nekemt (16 birr/hour), and Dahirdar (12.5 birr/hour).
How to solveTo calculate labor productivity, we divide the monthly sales volume by the labor hours. Bale-robe has the highest labor productivity because it generates the most sales per labor hour.
Here is the table showing the labor productivity of each store:
Store Sales volume (birr) Labor hours Labor productivity (birr/hour)
Bale-robe 12,000 60 200
Hawassa 60,000 500 40
Nekemt 40,000 250 16
Dahirdar 25,000 200 12.5
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6. Assume that as of August 1, 3,000 units of flat panel displays have been produced and sold during the current year. Analysis of the domestic market indicates that 2,000 additional units are expected to be sold during the remainder of the year at the normal product price determined under the product cost method. On August 3, Crystal Displays Inc. received an offer from Maple Leaf Visual Inc. for 800 units of flat panel displays at $225 each. Maple Leaf Visual Inc. will market the units in Canada under its own brand name, and no variable selling and administrative expenses associated with the sale will be incurred by Crystal Displays Inc. The additional business is not expected to affect the domestic sales of flat panel displays, and the additional units could be produced using existing factory, selling, and administrative capacity. a. Prepare a differential analysis of the proposed sale to Maple Leaf Visual Inc. If an amount is zero, enter "0". Differential Analysis Reject (Alt. 1) or Accept (Alt. 2) Order August 3 Reject Order (Alternative 1) Accept Order (Alternative 2) Differential Effects (Alternative 2) Revenues $ $ $ Costs Variable manufacturing costs Profit (loss) $ $ $ Feedback 6. a. Subtract the additional variable manufacturing costs from the additional revenues. Determine the differential effect on income of the revenues, costs, and income (loss). b. Based on the differential analysis in part (a), should the proposal be accepted
Answers
Additional part of Question:
Crystal Displays Inc. recently began production of a new product, flat panel displays, which required the investment of $1,500,000 in assets. The costs of producing and selling 5,000 units of flat panel displays are estimated as follows: 1 Variable costs per unit: 2 Direct materials $120.00 3 Direct labor 30.00 4 Factory overhead 50.00 5 Selling and administrative expenses 35.00 6 Total variable cost per unit $235.00 7 Fixed costs: 8 Factory overhead $250,000.00 9 Selling and administrative expenses 150,000.00 Crystal Displays Inc. is currently considering establishing a selling price for flat panel displays. The president of Crystal Displays has decided to use the cost-plus approach to product pricing and has indicated that the displays must earn a 15% return on invested assets.
Answer:
Crystal Displays Inc.Differential Analysis of Maple Leaf Visual Inc.'s Order
Reject (Alt. 1) Accept (Alt. 2)
Order August 3 0 800
Differential Effects
Revenues $0 $180,000
Variable manufacturing costs $0 $160,000
Profit (loss) $0 $20,000
Based on the differential analysis above, the proposal should be accepted. Crystal Displays Inc. will increase its profit by $20,000 from the additional order without spending additional selling, and other fixed costs.
Explanation:
a) Data and Calculations:
Investment in producing panel displays = $1,500,000
The costs of producing and selling 5,000 units of flat panel displays are estimated as follows:
1 Variable costs per unit:
2 Direct materials $120.00
3 Direct labor 30.00
4 Factory overhead 50.00
5 Selling and administrative expenses 35.00
6 Total variable cost per unit $235.00
7 Fixed costs:
8 Factory overhead $250,000.00
9 Selling and administrative expenses 150,000.00
Product cost using cost-plus pricing:
1 Variable costs per unit:
2 Direct materials $120.00
3 Direct labor 30.00
4 Factory overhead 50.00
5 Selling administrative
expenses 35.00
Total variable
manufacturing cost $235.00 *5,000 $1,175,000.00
Contribution $625,000.00
Fixed Costs:
Factory overhead $250,000.00
9 Selling and administrative expenses 150,000.00
Expected returns on invested assets
= 15% of $1,500,000 = $225,000
Income Statement:
Sales Revenue (5,000 x $360) $1,800,000.00
Manufacturing cost $235.00 1,175,000.00
Contribution $625,000.00
Fixed Costs:
Factory overhead $250,000.00
Selling and administrative expenses 150,000.00
Expected returns on invested assets
= 15% of $1,500,000 = $225,000
Special order from Maple Leaf Visual Inc.:
Flat panel displays = 800 units
Price = $225 each
Cost of production per unit = $200 ($235 - $35)
Contribution per unit = $25 ($225 - $200)
Differential analysis is a managerial technique which Crystal Displays Inc. can use to decide to accept or reject the additional order from Maple Leaf Visual Inc. for 800 units of flat panel displays at $225 each. After the analysis, it appears that Crystal Displays Inc. will make a profit of $25 per unit or a total profit of $20,000 from the additional order. Since this additional order does not require extension of the existing production capacity and costs, it looks reasonable to suggest that the business from Maple Leaf should be accepted.
Which of the following would an entrepreneur do first when starting a new venture?
A. borrow money
B. find the necessary land resources
C. identify an unmet want
D. compare pes of competing goods and services
Answers
Answer:
I'm not sure but try B seems like the right place to start
3. Which pair of fields must contain unique values for every name entry?
a. CUSTOMER TYPE and COMPANY NAME.
b. VENDOR TYPE and FULL NAME.
C. CUSTOMER NAME and VENDOR NAME.
d. COMPANY NAME and FULL NAME.
Answers
CUSTOMER NAME and VENDOR NAME must contain unique values for the entry of name in the data sheet.
Who is a customer?Someone who buys or purchases a commodity from a seller with an intention to consume or resell such product to someone else at a given price or quantity is known as a customer.
Every consumer is a customer, but every customer is not a consumer. A vendor, on the other hand, is an individual who deals in commodities to be sold to their customers at a given price or quantity.
Hence, option C holds true regarding a customer.
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1. Critical thinking requires setting high standards for yourself. True or false
Answers
Answer:
True
Explanation:
The computer workstation furniture manufacturing that Santana Rey started in January is progressing well. As of the end of June, Business Solutions' job cost sheets show the following total cost accumulated on three furniture jobs.Job 6.02 Job 6.03 Job 6.04Direct materials $1,800 $3,700 $2,500Direct labor 900 1,420 2,100Overhead 450 710 1,050Job 6.02 was started in production in May, and these costs were assigned to it in May: direct materials $500; direct labor $210; and overhead $105. Jobs 6.03 and 6.04 were started in June. Overhead cost is applied with a predetermined rate based on direct labor costs. Jobs 6.02 and 6.03 are finished in June and Job 6.04 is expected to be finished in July. No raw materials are used indirectly in June. (Assume this company's predetermined rate did not change over these months).What predetermined overhead rate is used in June?
Answers
The correct answer is the predetermined overhead rate used in June is 50% .To calculate the predetermined overhead rate, we need to use the following formula:Predetermined Overhead Rate = Estimated Overhead Costs / Estimated Direct Labor Costs.
Since we are given that overhead cost is applied based on direct labor costs, we can use the actual direct labor costs incurred in June to calculate the predetermined overhead rate for that month.Total direct labor cost for June = Direct labor cost for Job 6.03 + Direct labor cost for Job 6.04= $1,420 + $2,100= $3,520Total overhead cost for June = Overhead cost for Job 6.03 + Overhead cost for Job 6.04= $710 + $1,050= $1,760Therefore, the predetermined overhead rate for June can be calculated as:Predetermined Overhead Rate = $1,760 / $3,520= 0.5 or 50% .
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Madison Hotels sold a foreign organization the right to use its brand name and operating know-how in return for a lump-sum payment and a share of the profits. This is an example of
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This sale of brand name and operating know-how by Madison Hotels to a foreign organization in return for a lump-sum payment and profit share is an example of Franchising.
What is Franchising?Franchising is the business relationship between the franchisor and the franchisee in which the franchisor (e.g. Madison Hotels) establishes the brand's trademark or trade name and a business system. The franchisee pays a royalty and often an initial fee for the right to do business using the franchisor's brand name and system.
Thus, this business relationship between Madison Hotels and the foreign organization is an example is of Franchising.
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Which of the factors of production will the company need to address most closely when making its decision to
expand?
Oland
O capital
O land and labor
O labor and capital
Answers
Answer:
O labor and capital?
Explanation:
The factors of production will the company need to address most closely when making its decision to expand are labour and capital.
What is production?Production refers to the process of creating or manufacturing goods and services to meet consumer demand. It involves transforming raw materials and other inputs into finished products through a series of steps or stages, such as design, procurement, manufacturing, and distribution.
The goal of production is to create goods and services that are of high quality, affordable, and available in sufficient quantities to meet the needs and wants of consumers.
The production process typically involves a variety of factors, including the availability of resources and technology, the skills and expertise of the workforce, and the overall efficiency and effectiveness of the production system.
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why should you always double check the citation generated using a citation generator