Flare Co. manufactures textiles. Among Flare's 2020 manufacturing costs were the following salaries and wages:
Loom operators $ 120,000 Factory foremen 45,000 Machine mechanics 30,000 What was the amount of Flare's 2020 indirect labor? (CPA adapted)
Multiple Choice
$75,000
$150,000
$120,000
$165,000
Answers
To calculate the indirect labor costs for Flare Co. in 2020, we need to consider the salaries and wages of employees who are not directly involved in the production process. In this case, the factory foremen and machine mechanics are considered indirect labor.
Here's a step-by-step breakdown of the calculation:
1. Identify the indirect labor costs:
- Factory foremen: $45,000
- Machine mechanics: $30,000
2. Add the indirect labor costs together:
- $45,000 (Factory foremen) + $30,000 (Machine mechanics) = $75,000
Therefore, the amount of Flare's 2020 indirect labor is $75,000. Your answer: A) $75,000.
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Related Questions
Adjustment for unearned revenue on august 1, 20y1, newhouse co. received $39,670 for the rent of land for 12 months. journalize the adjusting entry required for unearned rent on december 31, 20y1. round your final answer to the nearest dollar amount. if an amount box does not require an entry, leave it blank
Answers
Cash A/c (debit) 39670
To unearned rent A/c (credit) 39670
What is unearned revenue?
Unearned revenue is money that a person or company receives in exchange for a good or service that hasn't yet been provided or performed. It might be considered a "prepayment" for goods or services that a person or company anticipates offering the customer later.
How do you record unearned revenue?
Unearned income should be recorded in your diary as a debit from the cash account and a credit to the unearned income account. This journal entry demonstrates that the company has received payment in cash for a service, but it was obtained on credit as a down payment for upcoming deliveries of goods or delivered services.
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Fill in the blank: Measuring your website’s authority comes down to assessing the volume and quality of the ____________.
Answers
The measurement of the website’s authority comes down to assessment of the volume and quality of the website's backlinks
Simply put, a backlink refers to series of link from one website which leads to another website.
The number and quality of a website's backlink tells about the quality of the website.
Hence, the measurement of the website’s authority comes down to assessment of the volume and quality of the website's backlinks
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this document will list the obligations of the shareholder with regards to repairs and maintenance...? A. CPS1 B. Proprietary Lease C. Offering Statement
Answers
Proprietary Lease will list the obligations of the shareholder with regards to repairs and maintenance
The right to occupy a certain housing space is granted to co-op shareholders under a contract known as a proprietary lease. The responsibilities and legal rights of the board of directors and the shareholders of the cooperative enterprise are outlined in proprietary leases, which are also referred to as occupation agreements. The board of directors and the owner of a co-op flat enter into a proprietary lease. This article sets forth the rules governing the owner's residence. In our blog posts, we usually point out that a co-op unit is owner is only a stakeholder. The proprietary lease also governs corporate law in New York State. As a result, the application of this law benefits all stockholders.
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a 7-year annuity of fourteen $5,800 semiannual payments will begin 13 years from now, with the first payment coming 13.5 years from now. a. if the discount rate is 8 percent compounded monthly, what is the value of this annuity five years from now? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. if the discount rate is 8 percent compounded monthly, what is the value three years from now? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. if the discount rate is 8 percent compounded monthly, what is the current value of the annuity? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answers
a. To find the value of this annuity five years from now, we need to calculate the present value of the annuity. We can do this by using the formula: PV = A / (1 + r)n, where A is the payment, r is the interest rate and n is the number of periods.
In this case,
A = $5,800,
r = 0.08/12 = 0.006667 and
n = 13.5 - 5 = 8.5.
Plugging this into the formula gives us:
PV = 5,800 / (1 + 0.006667)8.5 = $41,875.92.
b. To find the value of this annuity three years from now, we can use the same formula. In this case,
A = 5,800,
r = 0.08/12 = 0.006667 and
n = 13.5 - 3 = 10.5.
Plugging this into the formula gives us:
PV = 5,800 / (1 + 0.006667)10.5 = $37,251.21.
c. To find the current value of the annuity, we can use the same formula. In this case,
A = 5,800,
r = 0.08/12 = 0.006667 and
n = 13.5.
Plugging this into the formula gives us:
PV = 5,800 / (1 + 0.006667)13.5 = $30,738.71.
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Companies from malaysia were accused of selling clear float glass, which is used in cars, to companies in india at incredibly low rates. These rates were considered unfair because the price was lower in the foreign market than it was in the domestic market. This practice is known as _______.
Answers
Based on the fact that the clear float glass sold by companies in Malaysia to India was lower than the domestic price in India, this is called Dumping.
What is Dumping?This is a practice where a foreign company that is able to produce a good cheaply, sells this good at incredibly low prices to other countries where the price of the good is higher.
The goal is to gain market share by gradually driving local producers out of business.
In conclusion, the Malaysian companies were engaged in dumping.
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in 2004, arla foods established an international joint venture with a chinese state-owned enterprise. group of answer choices true false
Answers
The statement “in 2004, Arla Foods established an international joint venture with a Chinese state-owned enterprise” is false because Arla Foods did not establish any joint venture with a Chinese state-owned enterprise in 2004.
Arla Foods is a Denmark-based dairy company that produces and sells a wide range of dairy products worldwide. Although Arla Foods has a significant presence in China, it did not establish any international joint venture with a Chinese state-owned enterprise in 2004 or any other year.
However, Arla Foods did form a joint venture with Mengniu, a leading dairy company in China, in 2016. The joint venture, called Arla Foods Ingredients (AFI), produces and sells whey protein ingredients for the Chinese and global markets, the statement is false.
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The most common form of competition is ________blank, in which many firms compete for customers in a given market but with differentiated products.
Answers
The most common form of competition is monopolistic competition blank, in which many firms compete for customers in a given market but with differentiated products.
Monopolistic Competition Market
Monopolistic Competition is a competition with other manufacturers who have similar products, but there are differences between each of them.
This difference is the hallmark of the productsproducts sold by each manufacturer.
The activity of producing these goods is known as product differentiation or product differentiation. Because the products produced are almost similar, each producer will compete in terms of quality, price, and how to market their products.
Monopolistic Competition Market Characteristics
The characteristics of a monopolistically competitive market are as follows:
1. Has a very large number of producers
As in a perfectly competitive market, a monopolistic market has a large number of producers. Due to the large number of producers, each producer has a relatively small market share.
2. There is Product Differentiation
Product differentiation is when a manufacturer produces a product that is slightly different, but similar to the products of its competitors.
In a monopolistically competitive market, when the price of one producer rises while the price of the product of another producer is constant, the demand for that product will fall. Because, consumers will easily find substitute products from these products.
3. Each producer competes in terms of quality, price, and how to market their products
Because products in monopolistic markets tend to be similar, producers will compete in terms of quality, price, and how to market their respective products.
Manufacturers will compete to improve the quality of their products, such as through attractive product designs and services provided to consumers.
4. Producers are free to enter the market
Just like a perfectly competitive market, monopolistic market participants are also free to enter and leave the market.
The free entry and exit of the market means that there are no barriers for new producers who want to sell their products in the market or old producers who want to leave the market.
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In establishing pay grades, which pay rate is established first?
A) minimum pay rate
B) midpoint
C) third quartile
D) maximum pay rate
Answers
In establishing pay grades, the first pay rate to be established is the minimum pay rate. Establishing pay grades refers to a systematic way of compensating an employee based on their skill, knowledge, expertise, and work experience. Pay grades assist organizations in determining the appropriate compensation for specific job positions.
To begin establishing pay grades, it is necessary to define the minimum, midpoint, and maximum pay rates. The minimum pay rate is established first, followed by the midpoint and maximum pay rates.What is the minimum pay rate?The minimum pay rate is the lowest wage that an employee can receive for a specific job position. It's the starting point of the compensation scale.
The wage is usually based on factors like the minimum wage laws, industry standards, and the company's financial resources.In summary, establishing pay grades begins with the minimum pay rate, followed by the midpoint and maximum pay rates. In establishing pay grades, the first pay rate to be established is the minimum pay rate. Establishing pay grades refers to a systematic way of compensating an employee based on their skill, knowledge, expertise, and work experience. Pay grades assist organizations in determining the appropriate compensation for specific job positions.
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Select the best alternative for the following questions:
i. Which of the following transactions are not recorded in book keeping?
a) Sold Goods on Credit.
b)
Introduce capital in the business.
c) Resignation of marketing manager.
d) Drawing cash from business for personal use.
..
Answers
Answer:
c. the resignation
Explanation:
this would not affect the bottom line of the company and is therefore irrelevant
Karat packaging has entered a stage in which the demand for their innovative fax machines has declined. now most customers are buying replacement parts or buying their second fax machine from the firm. what stage in the industry life cycle does this scenario describe
Answers
Karat fax machines have reached maturity. Because sales have dropped and people are only ordering replacement parts or a second fax machine, this is the reason. The product is either rejected or only repaired at the maturity phase. There aren't many new sales.
What is maturity stage in product life cycle?Maturity level in the product life cycle is the stage where the sales of product of the company starts declined because of the new trends and innovation in the market.
At this stage of maturity, The company must go for the heavy discounts and low in the price levels to stay competitive in the marketplace and at least take out their invested amount from sales.
Thus, Karat fax machines have reached maturity.
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At the least a channel of distribution consists of a producer and a(n) ________.
Answers
At the least a channel of distribution firms consists of a producer and a customer. They are consumers when they use the products that have been produced, the products that have been produced, the products that have been produced.
Producer markets: To make a profit, producers purchase things and services, change them into marketable products, and then sell those products to customers. Farmers, factories, and construction firms are some examples of producers. A producer is in charge of discovering and starting a project, securing funding, employing writers, directors, and other important members of the creative team, and supervising every stage of pre-production, production, and post-production up to release.
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a) From a one-way street, you USUALLY make a left turn from: the left curb lane. b) any lane if it is safe to do so. c) the two lanes closest to the left curb.
Answers
Answer:
c
Explanation:
Given,TPL=f(l,k), prove that,MPL and APL are equal at apoint where APL is at its maximum
Answers
We know that the total product (TPL) is a function of labor (L) and capital (K), so we can write TPL = f(L, K).
To find the marginal product of labor (MPL), we can take the partial derivative of TPL with respect to labor, holding capital constant:
MPL = ∂TPL/∂L holding K constant.
Similarly, to find the average product of labor (APL), we can divide TPL by the amount of labor used:
APL = is TPL/L.
To find the point where APL is at its maximum, we can take the derivative of APL with respect to labor and set it equal to zero:
dAPL/dL = [d(TPL/L)/dL] = [(dTPL/dL)/L] - TPL/L^2 = (MPL/L) - APL = 0.
Simplifying this equation, we get:
MPL/L = the APL
This equation tells us that MPL and APL are equal when APL is at its maximum. This implies that the production process is operating at its most efficient level, and any additional unit of labor added would result in a decrease in APL.
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Question 13 The initial step in the marketing research process is to select a data collection method. identify consumer/business segments of interest. O identify informational needs. conduct a preliminary information search. Question 14 Public and university libraries contain a wealth of information in the form of data. anecdotal O primary O secondary tertiary Question 15 in order to be appropriately considered a market, a group of customers or potential customers must have O purchasing power market power ? satisfied needs. O correlated needs Question 16 Which of the following legal forms of an organization allows owners to contribute no capital but still play a part in managing the business and share in its profits? S corporation O C Corporation Partnership Sole proprietorship
Answers
13. The initial step in the marketing research process is to identify consumer needs. Option B is correct.
14 Public and university libraries contain a wealth of information in the form of primary data.
15. In order to be appropriately considered a market, a group of customers or potential customers must have purchasing power.
Customers or potential customers must be able to purchase the product or service offered by a company or have the purchasing power to do so in the future.
16. Partnership is the legal form of an organization that allows ownrs to contribute no capital but still play a part in managing the business and share in its profits.
The partnership is a business association of two or more people who share ownership, profits, and losses of the business.
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Who are the majority of businesses in resort towns targeted to?
O
seniors
O
tourists
O
employees
investors
Answers
The majority of businesses in resort towns target tourists.
Who is the luxury hotel industry's target customer?As you can see, a wide range of people from across all walks of life who are prepared to pay a little extra for the luxury hotel experience makes up the target audience for luxury hotels.
What advantages come from forming and focusing on prospect groups?Overall, specialization is the main advantage of identifying and pursuing niche markets. Finding more wealthy guests who will gush about your hotel will be easier if you can be more precise with your market segmentation.
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TRUE / FALSE.
securities trading and underwriting is a profit generating activity that requires fis to hold an inventory of securities they trade
Answers
The givem statement "Securities trading and underwriting activities do not necessarily require financial institutions (FIs) to hold an inventory of securities they trade". is false
The statement is false. Securities trading and underwriting activities can be conducted by financial institutions without the need to hold an inventory of securities. In some cases, FIs may act as intermediaries, facilitating transactions between buyers and sellers without taking ownership or holding securities in their inventory.
Financial institutions engaged in securities trading and underwriting typically act as brokers or dealers, matching buyers and sellers or providing services related to the issuance and distribution of securities. They earn profits through commissions, fees, or spreads on trades, rather than by holding an inventory of securities.
The nature of these activities allows FIs to leverage their expertise, market knowledge, and networks to facilitate securities transactions and generate profits without the need for maintaining an inventory.
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On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720.
Answers
Complete Question:
On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720
Journalize the first interest payment and the amortization of the related bond discount using the Straight line method
Answer:
Kindly check Explanation
Explanation:
Given the following :
Face value of bond issued = $1,450,000
Cash received on Issuance = $1,408,720
Number of Interest payment on bond = 5 × 2 = 10(semiannual)
Therefore, discount on bond :
$(1,450,000 - 1,408,720) = $41,280
Spreading or amortizing diacou t on bond over the bond duration (use te straight line method)
Discount / period
$41,280 / 10 = $4,128
Interest expense a/c Dr $40,378
To discount on bond payable a/c Cr $4128
To cash a/c $36,250
What is the difference between a savings account and a checking account? (Select all that apply.)
Savings accounts pay higher interest than checking accounts.
Deposits in savings accounts, not checking accounts, are used by a bank to invest.
Savings accounts have more restrictions than checking accounts.
Savings accounts are covered more by the FDIC than checking accounts.
Answers
A checking account is a bank account you can write checks from, or access several other ways, which tends to make it your go-to, daily transaction bank account. A savings account is where you stash funds that you aren't ready to use yet, often with the goal of accumulating more.
How many potential threat indicators does a person who is playful and charming, consistently wins performance awards, but is occasionally aggressive in trying to access sensitive information display?
Answers
Answer: 1 indicator
Explanation:
A person who is occasionally aggressive in trying to access sensitive information display possess one indicator threat, despite being playful and charming, and onsistently winnimg performance awards.
There is one indicator of insider threat from such a person who is playful and charming, consistently wins performance awards, but sometimes tries to aggressively access sensitive information.
What is an insider threat?
An insider threat is a security risk that may be attributed to someone from within a company.
In the given case, there lies one indicator of a potential insider threat as the person involved gets aggressive when he is trying to access sensitive information about the organization which involves risk.
Hence, there is one indicator of potential insider threat in this case as the person involved shows suspicious behavior while collecting sensitive information about the company.
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Ramon has been appointed the manager of a retail store. He wants to bring the store into the modern era and direct its future by utilizing the latest trends in visual merchandising. What can Ramon do to achieve this?
Answers
Answer:quit school and beco
Explanation:
Answer:
C. install mannequin robots to display clothes
Explanation:
Among the offered answers, a truly avantgarde, modern approach is to implement robot mannequins in the store. With this tactic, customers would be incentivized to approach this innovative customer journey. Through pioneering this technique, Ramon's company would get a competitive advantage through visual merchandising.
Suppose 2-year Treasury bonds yield 3.3%, while 1-year bonds yield 2.7%. r* is 1%, and the maturity risk premium is zero. Using the expectations theory, what is the yield on a 1-year bond, 1 year from now? Calculate the yield using a geometric average. Do not round intermediate calculations. Round your answer to two decimal places. % What is the expected inflation rate in Year 1? Year 2? Do not round intermediate calculations. Round your answers to two decimal places. Expected inflation rate in Year 1: % Expected inflation rate in Year 2: %
Answers
Answer:
3.90%
1.7%
2.9%
Explanation:
Give the following :
Yield on 2 years Treasury bond (Y2) = 3.3% = 0.033
Yield on 1 years Treasury bond (Y1) = 2.7% = 0.027
r* = risk free rate = 1%
Yield on 1 year bond, 1 year from now :
Compounded yield on yield 1 at 2.7% + Interest on return = compounded yield on 2 years bond :
(1 + 0.027) = yield on year 1
(1 + y) = yield one year from now
(1 + 0.027)¹ + (1 + y)¹ = (1 + 0.033)²
1 + y = (1 + 0.033)² / (1 + 0.027)¹
1 + y = 1.067089 / 1.027
1 + y = 1.0390350
y = 1.0390350 - 1
y = 0.03903
Yield = 0.039 * 100% = 3.90%
Inflation premium = yield rate - Risk free rate - maturity risk premium
Maturity risk premium = 0%
Hence,
For year 1
Inflation premium = 2.7% - 1% - 0% = 1.7%
For year 2:
Inflation premium = 3.9% - 1% - 0% = 2.9%
Which correctly lists the titles for this Venn diagram?
Title 1 should be Logistics and Inventory Control Pathway and Title 2 should be Maintenance, Installation, and
Repair Pathway.
O Title 1 should be Maintenance, Installation, and Repair Pathway and Title 2 should be Logistics and Inventory
Control Pathway.
Title 1 should be Quality Assurance Pathway and Title 2 should be Production Pathway.
Title 1 should be Production Pathway and Title 2 should be Quality Assurance Pathway.
Answers
The correct title for the Venn diagram should be
Title 1 should be Production Pathway and Title 2 should be Quality Assurance Pathway.What is a production pathway?This is the pathway that has to show all the process of manufacturing and assembling the products.
What is the quality assurance pathway?This has to do with the inclusion of the workers that would help to ensure that quality standards are followed and the products meets their performance requirements.
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Answer:
D
Explanation:
how would recession effect the economic
Answers
Answer:
Recession cause standard monetary and fiscal effects.
Explanation:
Recession impact all kinds of business, large and small,due to tightening credit conditions, slower, demand, and general fear and uncertainty.
Do you intend to make specific contributions to the support of the beneficiary named in this form i-134?.
Answers
Form I-134 is used whilst a U.S. citizen or green card holder is of the same opinion to emerge as an economic sponsor of a traveler visa or a K1 and K2 visa.
Who is the beneficiary in I-134?The beneficiary is the foreigner who uses it for an immigration grant. A beneficiary may also report Form I- 134 on behalf of himself or herself
For example, in 2021, a sponsor withinside the U.S. mainland could want to have profits (or assets) of at least $33,125 to cover a petitioner who lives by himself and is sponsoring one immigrant and children (that is, a complete of 4 people)
Thus, Yes, if required a person can make contributions for the support of a beneficiary unless they fulfill the minimum income eligibility criteria given by the Govt.
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¿Cómo podría Wal-Mart mejorar su estrategia de marketing para atraer a los grandes consumidores potenciales de este sector en los mercados internacionales?
Answers
Answer:
Para poder atraer grandes consumidores potenciales del sector de retail en los mercados internacionales, Walmart tendría que focalizarse en 3 tareas específicas:
1- Por un lado, invertir en publicidad en los lugares en los que desee aumentar su rendimiento comercial, para poder dar a conocer su marca y atraer a nuevos clientes, ingresando así a mercados en los que hasta ahora no tiene presencia.
2- Además, debe lógicamente invertir en relocalizar muchos de sus centros de distribución a esos nuevos mercados, para así poder facilitar la distribución de los productos que comercializa en los nuevos territorios.
3- Por otra parte, debe garantizar un acceso al comercio electrónico, para poder así proveer a los consumidores los mismos bienes que ofrece en los Estados Unidos, pero en sus territorios de origen.
Name the choreographic element that encourages dancers to rely on musical cues, visual connections, and emotional phrasing.
Answers
The choreographic element that encourages dancers to rely on musical cues, visual connections, and emotional phrasing includes the time, energy, and space
What is the meaning of Choreography?In art, a choreography means the way in which an idea is expressed physically through dance. When developing this concept, the users usually relies on important principles of organization to ensure that the idea takes a clear, appropriate, and aesthetically pleasing form.
These are principles that comprises the basic ingredients for the dancers' movements and patterns and help the choreographer utilize space, express intention and the music, and organize the dancers.
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A ceiling design that has a rectangular center that is either popped out or inverted to add an effect.
Answers
Answer:
tray ceilings
Tray Ceiling - Usually seen in dining rooms and kitchens, tray ceilings are built upwards in a cut out resembling a tray. It has a rectangular center that is either popped out or inverted to add an effect
Explanation:
Hope it helps
Sam is getting his bachelor's degree. During some of his course work, he honed his research skills and learned to
exhibit confidence while presenting to an audience. Which career has Sam most likely been preparing for?
Answers
The correct answer is Journalism
Explanation:
Journalism is one of the careers that most require the use of communicative and research skills. This is because journalists are expected to gather information about important local, national and global events, which requires the use of research skills, and later they are expected to communicate the information precisely, concisely, and confidently, which requires the use of communicative skills. In this context, the career Sam is preparing for is journalism because this is the only one from the options that would require Sam to research and then communicate information confidently.
Answer:
D. Journalism
Explanation:
deflation is the rate of decline in the aggregate price level. why might unexpected deflation be of particular concern to someone managing a bank?
Answers
Should a bank manager be particularly concerned about deflation As the nominal value of borrowers' assets declines, unexpected deflation is correlated with declining correct net worth.
What Really is Deflation inside an Economy?When prices of products and services fall throughout the entire economy, customers' purchasing power increases. It is the reverse of inflation and is sometimes regarded negatively for a country because it can indicate an economic decline that could result in a depression or a recession.
Why then is deflation an problem?Normally, deflation serves as a warning sign for a failing economy. Because it lowers consumer spending, a major factor in economic growth, deflation is dreaded by economists. As a result of declining prices, businesses reduce their output, which results in layoffs and pay cuts.
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Should a bank manager particularly concerned about deflation As the nominal value of borrowers' assets declines, unexpected deflation is correlated with declining correct net worth.
What Really is Deflation inside an Economy?
When prices of products and services fall throughout the entire economy, customers' purchasing power increases. It is the reverse of inflation and is sometimes regarded negatively for a country because deflation indicate an economic decline that could result in a depression or a recession.
Why then is deflation an problem?
Normally, deflation serves as warning sign for a failing economy. Because it lowers consumer spending, a major factor in economic growth, deflation is dreaded by economists. As a result of declining prices, businesses reduce their output, which results in layoffs and pay cuts.
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An industry's buyers have low bargaining power when O they have a lot of information about the industry's costs. O there are few of them and many incumbents in the industry. O the buyers can credibly threaten to make for themselves what they now buy from the industry. O each buyer purchases in small volumes from the industry and no one buyer accounts for a large percentage of sales for any industry participant. O All of the above.
Answers
An industry's buyers have low bargaining power when option A:there are few of them and many incumbents in the industry."
What is the bargaining power?
An industry's buyers have low bargaining power when there are few of them compared to the number of incumbent firms in the industry.
This means that the few buyers do not have the ability to influence market prices or the conditions of sale, as they do not hold much leverage over the many industry participants.
Therefore, In such a scenario, the buyers have to accept the terms and conditions set by the industry participants.
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