if the actual cost incurred is greater than what the cost should have been as set forth in the flexible budget, the variance is:
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If the actual cost incurred is greater than the cost set forth in the flexible budget, the variance is considered unfavorable.
A variance is a measure of the difference between the actual and expected values. In the context of cost management and budgeting, a flexible budget is a tool that allows for adjustments based on actual conditions and activity levels. If the actual cost incurred is higher than the cost projected in the flexible budget, it suggests that there were unexpected or unplanned expenses, inefficiencies, or other factors that led to the higher cost.
This unfavorable variance signals a potential deviation from the planned budget and may prompt managers to investigate the causes, identify areas for improvement, and take corrective actions to control costs in the future.
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Related Questions
taxpayers can only deduct the lesser of (1) the property's fair market value or (2) the property's adjusted basis when making a charitable donation of
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Any person or business that owes taxes to the federal, state, or local governments is referred to as a taxpayer. Taxes on both individuals and businesses are the main source of funding for governments.
Explain about the Taxpayers?
Based on their worldwide income, Americans are subject to income taxation by the United States government. For tax reasons, the following are regarded as U.S. persons: a citizen who was born in the country or abroad with at least one American parent. a citizen by naturalization
Taxpayers can be broadly divided into two groups: individuals and corporations. Individuals - Taxpayers who must pay taxes on their income fall under this category. Corporations: These taxpayers are required to pay tax on the profits they made from their business operations the previous year.
very person is required to pay income tax. The definition of "person" in section 2(3) of the Income Tax Act includes both natural and artificial persons.
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The December 31, current year, bank statement for Rivas Company and the December current year ledger accounts for cash follow.
The November current year bank reconciliation showed the following: correct cash balance at November 30, $ 64,100 ; deposits in transit on November 30, $ 17,000 ; and outstanding checks on November 30, $ 400+ $ 500 = 900
Required:
(a) Compute the deposits in transit December 31, current year, by comparing the deposits on the bank statement to the deposits listed on the cash ledger account and the list of deposits in transit at the end of November.
Answers
The deposits in transit for December 31, current year, amount to $28,000.
The deposits in transit for December 31, current year, can be computed by comparing the deposits on the bank statement to the deposits listed on the cash ledger account and the list of deposits in transit at the end of November.
To calculate the deposits in transit, we need to consider the deposits that were recorded in the cash ledger account but have not yet appeared on the bank statement as of December 31.
Let's assume that the deposits listed on the bank statement for December 31 are $20,000.
We subtract the deposits in transit on November 30 ($17,000) from the correct cash balance at November 30 ($64,100). This gives us the adjusted cash balance at November 30, which is $47,100 ($64,100 - $17,000).
Next, we add the outstanding checks on November 30 ($900) to the adjusted cash balance at November 30. This gives us the adjusted cash balance after considering outstanding checks, which is $48,000 ($47,100 + $900).
Finally, we subtract the adjusted cash balance after considering outstanding checks from the deposits listed on the bank statement for December 31. This gives us the deposits in transit for December 31, which is $28,000 ($20,000 - $48,000).
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Sasha has the new responsibility of initiating strategies that would help safeguarding her company against recession. She conducts a meeting with all the employees in which she explains how she would go about implementing her plans. She also motivates and encourages employees to follow through with her plan. Sasha is a ________.
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Answer:
Strategic leader
Explanation:
Leadership can be defined as a process which typically involves motivating, encouraging and inspiring employees working under an individual to be innovative and create positive changes that will foster growth and enhance the success of a business firm or company in the future.
A leader can be defined as an individual who is saddled with the responsibility of controlling, managing and maintaining a group of people under him or her. Some types of power expressed by leaders are referent power, legitimate power, coercive power, etc.
Generally, leaders use their powers to get other people to follow them. Some forms of power result from a formalized position in the organization while others are derived from personal characteristics or knowledge.
A strategic leader refers to an individual that utilizes strategy in the management of people without the use of threats and force to make them follow.
In this scenario, Sasha is a strategic leader because she motivates and encourages the employees to follow through with her plan.
why should we respect the life and culture of all people living in the country ?
Answers
Explanation:
Culture forms our identities and attitudes, and intercultural communication allows us to embrace and sometimes even integrate and learn the language with many other communities to some degree. In modern environment, cultural diversity is becoming extremely significant. We should respect all culture and community.
Jamal inherited some money when his grandmother died. He decided that he wants to invest it. His friend suggests that he goes to an OTC market. Is this a good idea?
A.
No, that is where he would go to plan his estate.
B.
No, this is where is credit is evaluated by lenders.
C.
Yes, that is a network of brokers and dealers who help with investments.
D.
Yes, this will review all of his purchases and use that information to make suggestions.
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Jamal should go to the OTC market because C. it is a network of brokers and dealers who help with investments.
What is the OTC market?These are markets where a person can buy or sell shares that are outside of the stock exchange.
The trades here are faciliatated by brokers and dealers who can help one with investments so Jamal can go to the OTC market for investment advice.
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The income tax rate in a state is a flat 10 percent. Based on that rate, who has the higher tax burden?
Annual Income
Alex - $20,000
Beatrice - $190,000
Julio - $80,000
Roberta - $60,000
Alex
Beatrice
Julio
Roberta
Answers
Answer:
Beatrice
Explanation: she makes the most money so she has to pay more in tax
Based on the tax rate and the annual income of the people, the person with the higher tax burden is Beatrice.
Flat Rate Tax Refers to when a specific rate of tax is imposed. Leads to those who are paid higher having a higher tax burden. Leads to lower income earners having less money after tax.Beatrice is the highest earner in the group as they earn $190,000. They will therefore have the highest tax burden of $19,000 as opposed to the others who have lower salaries.
In conclusion, Beatrice is correct.
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Stock markets are a economic type of globalization
TRUE OR FALCE
Answers
Answer:
the answer is true I guess
Answer:
true
Explanation:
how much social security tax is withheld from an employee who earns $3,400 during the current payroll period, and who has earned $131,900 during the year prior to the current pay period, given that the maximum earnings threshold for social security tax is $132,900?
Answers
Social security tax=$62.When an employee earns $3,400 during in the current paycheck period.
The social security tax is what?The Federal Contributions to Insurance Act requires all employers to withhold one of two levies, the other being the Social Security levy (FICA). The Medicare Tax is the other. FICA also requires an additional Medicare tax, albeit only for people who earn more than a specific amount.
Who is helped by Social Security?Older Americans, disabled employees, injured service members, and families who lost a spouse or parent are all helped by Social Security. Not earning the required 40 credits makes a worker ineligible for Social Security.
Briefing:current period earnings to social security tax =$1,000 ($132,900 maximum earnings threshold for social security tax − $131,900 current payroll period earnings).
The social security tax =$62 ($1,000 current payroll period earnings subject to social security tax × 6.2% social security tax rate).
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-TV and QRS-TV are trying to decide whether to air a sitcom or a reality show in a given time slot. Viewers like both sitcoms and reality shows, but sitcoms are more expensive to produce than reality shows since real actors need to be hired. QRS-TV makes its decision first, and then P-TV observes that choice before making its decision. Both stations know all of the information in the decision tree below. Given the information in this decision tree, if QRS-TV announces that it will air a reality show, it can expect to:
Answers
Answer:
i am not sure
Explanation:
I will mark you as brainliest!
During the___step of the product development process a business will
likely have a fully functioning prototype of a new product.
A. product and promotion development
B. idea screening
C. post-launch review
D. business analysis
Answers
During the option B. idea screening step of the product development process a business will likely have a fully functioning prototype of a new product.
What function does a prototype serve in the creation of a product?New product development often starts with a concept study, then moves on to prototype development, actual productization, production, and post-sale support.
Prototypes are physical depictions of the various stages of development from the initial concept to the finished product. Every stage of the prototyping process provides useful information on how to produce a final design that will best serve the development project's ultimate objectives.
Note that By using prototypes, you can ensure that your final product is both safe and compliant with regulations in your sector. Cost-saving measures - Any alterations you make during the prototyping stage, whether to the product design, the materials used, or the production procedures, may enable you to reduce the price of the finished product.
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Answer: A: product and promotion development
Explanation:
true or false nonprofit organizations cannot receive grants or contracts from state or local governments.
Answers
False. Nonprofit organizations can receive grants and contracts from state or local governments.
In fact, many government agencies and departments have grant programs specifically designed to support nonprofit organizations that are working to address various social, economic, and environmental issues in their communities. Nonprofits can also compete for government contracts to provide services such as education, healthcare, and social services. However, nonprofits may need to meet certain eligibility criteria and demonstrate their ability to effectively use government funding to achieve their mission and goals. Nonprofits should also be aware of any compliance requirements and reporting obligations that come with receiving government grants or contracts.
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True or False conflicts can be difficult to resolve when people have strong emotions
Answers
yes is true coz others have Even big egos
Which statement most accurately describes a conflict of commitment? It involves a monetary gain by one party over another party. It occurs when outside activities interfere with one’s responsibilities to an employer. It occurs when an institution does not follow the financial rules from a funding source. It can only occur between an institution and an outside organization.
Answers
Answer:
It occurs when outside activities interfere with one's responsibilities to an employer
Explanation:
Conflict of commitment occurs when the commitment of an employer to a defined terms of employment is shared with other engagements, either personal or with other parties which could lead to a decline in efficiency due to loss of maximum concentration.
This may not necessarily involve monetary gain but has a whole lot of ways through which it can affect productivity as concentration is shared.
It is always good to define activities that constitute conflict of commitment right from the time of forming an employment contract so that an employee can be guided with it.
how has the right to education addressed to differently able persons?How far is it appropriate to keep such provision with view of justice?Present your logics.
Answers
Answer:
,
Explanation:
i think this is answer right
what would be the average fixed inspection cost per unit at an activity level of 2,400 machine-hours in a month? assume that this level of activity is within the relevant range.
Answers
The average fixed cost (AFC) is the fixed cost that does not change with the change in the number of goods and services produced by a company.
What is fixed inspection cost?
The fee that a licensed property inspector charges for determining the current physical condition of the property.An inspection is, most generally, an organized examination or formal evaluation exercise. In engineering activities inspection involves the measurements, tests, and gauges applied to certain characteristics in regard to an object or activity.The three most common types of quality inspections.Pre-Production Inspection.During Production Inspection.Final Random Inspection.To inspect is to carefully examine. The main objective of inspection is to meet customer requirements, wants, and needs. The objective is to prevent defective product flowing down the successive operations and prevent loss to the company. Many characteristics cannot be inspected at the final stage of production.
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there is no right or wrong answer
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If you were starting a new business, describe at least three departments to the company that you would need right away. Why are these departments so important? (1-5 sentences. 3.0 points)
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Answer:
I would need a computer and then a laptop to work fast as I can and that will make me get more money
Answer:
f I were to start a new business, the three departments that I would need right away are the production department, a sales and marketing department, and a finance department. A production department would be necessary as I would require a product or service to offer the market. A sales and marketing department would also be necessary, because I would need to sell this products in order to make money. A finance department would be necessary to manage the financial resources of the company.
Explanation:
apple music signed a five-year, $50 million-per-year deal to sponsor the super bowl halftime show. which previous halftime sponsor held the rights the longest?
Answers
A 30-second commercial during the Super Bowl the following year is expected to cost around $7 million. Apple, for one, determined that this was too expensive. The entire halftime show was thus purchased.
According to Brian McCarthy, the NFL's vice president of communications, the expensive does not pay halftime performers a "appearance fee, but the artists are indeed paid union scale." Each light, fireworks, or special effect can raise the overall cost by thousands of commercial. Sometimes the total comes to millions of dollars. For instance, Esquire claims that it cost $13 million to stage Jennifer Lopez and Shakira's 2020 concert.
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Why might some investors become careless about their portfolios ?
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Companies allow customers to pay for products using third-party credit cards because: (Check all that apply.)
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The reasons why Companies allow customers to pay for products using third-party credit cards are;
a variety of payment options typically increase sales volume.the seller does not have to evaluate customer credit.cash is received from the credit card company faster than from a credit customer.the seller avoids the risk of customer non-payment.Why do companies allow payment with third-party credit cards?In most cases, companies usually prefer the payment by customer using third-party credit cards because cash is received from the credit card company faster than from a credit customer.
And this also help the seller to avoids the risk of customer non-payment.
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last year real gdp per person in an imaginary economy was $4,500. this year, it is $4,900. what was the rate of economic growth over the year?
Answers
The rate of growth can be calculated as 100 * ((GDP per person in the current year - GDP per person last year)/ GDP per person last year) = 100*(($4,900 - $4,500)/ $4,500) = 8.9%.
A monetary indicator of the market worth of all the final goods and services produced and sold (not resold) in a certain time period or may be a year by nations is the gross domestic product (GDP). This measurement has undergone many revisions before it can be trusted as an indicator because of how complicated and arbitrary it is. However, GDP (nominal) per capita does not account for variations in the cost of living and the rate of inflation of the various nations; as a result, employing a basis of GDP per capita at purchasing power parity (PPP) could be more beneficial for comparing living standards between countries, whereas nominal GDP is more effective when comparing national economies on the global market.
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Which of the following is not an example of a liability?
A. A home you own
B. An apartment you rent
C. Student Loans
D. Your phone bill
Answers
Answer:
B
Explanation:
You are renting so you are temporarily living there, unlike a home owner. They own the home meaning they are responsible for the upkeep. Renters that responsability falls upon the land lord.
The option that is not an example of a liability is an apartment that you rent.
What is a liability?
A liability can be described as something that one is responsible for.
The reason why the rented apartment is not a liability is the fact that it is rented. That is you are not in charge of the place.
The maintenance and others lies in the hands of the owner and not in your hands because you do not own the place.
The student loan and phone bill are all expenses that you are responsible for. They are liabilities.
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What is the first step in the decision-making process?
Take action.
Get information.
Form a decision.
Identify the choices.
Answers
Answer:
Identify choices, Get information, Form a decision, and take action
Explanation:
The first step in the decision-making process is Get information. (Option B)
Why is this so?Before making a decision, it is crucial to gather relevant information and data related to the situation or problem at hand.
This includes identifying the key facts, understanding the context, and seeking out different perspectives or viewpoints.
Obtaining sufficient information helps in analyzing the situation, evaluating options, and making an informed decision based on available data and insights.
Without proper information, it becomes challenging to assess alternatives and make effective decisions.
Hence, the right answer is Option (B)
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telephone solicitations, mail, infomercials, catalogs, and e-mails can all be considered part of
Answers
Telephone solicitations, mail, infomercials, catalogs, and e-mails can all be considered part of Selling.
Selling is a two-way conversation between a buyer and a seller intended to sway the buyer's choice to buy. This can include infomercials, catalogues, telemarketing calls, postal solicitations, and emails.
A phone call that serves as an ad is referred to as a telephone solicitation. However, under FCC regulations, some phone solicitations are allowed, such as those made with your express consent, by or on behalf of a tax-exempt non-profit organisation, or from a person or organisation.
Telesales may be a highly lucrative method to start a sales career with a little bit of skill and technique. We've included some of the greatest advice and strategies for making your sales calls effective, pleasant, and—most importantly—profitable in this post.
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What do you think is the most important stage in the consumer decision making process?
Answers
The most important stage in the consumer decision-making process is often considered to be the evaluation of alternatives stage.
During this stage, the consumer considers the different options available to them and evaluates the pros and cons of each option based on their needs and preferences. This is where the consumer makes a final decision about which product or service to purchase.
The evaluation of alternatives stage can be influenced by a variety of factors, including the consumer's prior experience with the product or brand, the recommendations of friends or family, advertising and promotional messages, and the perceived value and quality of the different options. Therefore, marketers must focus on creating and promoting products that meet the needs and preferences of their target audience to ensure that their product is chosen during this critical stage.
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Hi guys! 40 points!
I would appreciate some help on this one, I'm stumped lol.
What are some ways to encourage companies to get involved in exporting? Would exporting necessarily lead to a favorable balance of trade?
Answers
Answer:
1. Give companies the idea that they have an advantage in certain foreign markets and that they can earn a lot of money from this. Companies that make good business with exporting goods also earn them a reputable reputation.
2. If the exports of a country exceed its imports, the country is said to have a favourable balance of trade, or a trade surplus. Conversely, if the imports exceed exports, an unfavourable balance of trade, or a trade deficit, exists.
Explanation:
hope this helps :)
Which of the following is most likely to be a reason for ineffective international business negotiations a)differences in cultural values and problem-solving techniques b) lack of socializing with the opposite party c)lack of nonverbal communication d) highly restrictive government legislations
Answers
The most likely reason for ineffective international business negotiations is A) differences in cultural values and problem-solving techniques.
When engaging in international business negotiations, cultural differences can significantly impact the effectiveness of communication and problem-solving. Different cultures have distinct values, norms, communication styles, and approaches to conflict resolution. These differences can lead to misunderstandings, misinterpretations, and a lack of trust between parties. Effective cross-cultural communication and understanding are essential for successful negotiations. By recognizing and adapting to cultural differences, negotiators can build rapport, establish common ground, and find mutually beneficial solutions. The other options listed (lack of socializing,
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how do our normative positions affect the choices we make individually and society
Answers
Our normative positions affect the choices we make by affecting
Who to voteHow to treat people The time and the period to marry.What are normative positions?These are the ways that people are able to come up with new ideas as well as new positions.
It teaches of the various necessary channels that may help one to effect out of the box thinking.
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list the two things the government does that fall under fiscal policy. (A.p.e.x.)
Answers
Explanation:
These two policies are combined in numerous ways to influence a country's economic situation.
Fiscal policy, together with monetary policy handled by central banks, is the primary means through which governments influence a country's economy. The two primary elements of fiscal policy are income taxes and government expenditures.
Suppose that a flower nursery benefits from having a colony of bees located only a few miles away, because the presence of the insects greatly improves flower pollination. Lawyers for the two companies meet to draft a legal document specifying the number of bee hives the farm promises to maintain in exchange for payments to be made by the nursery. Which of the following private solutions resolving the externality of pollination took place in this scenario? Moral codes and social sanctions Contracts Integration of different types of businesses through merger or ac Charities
Answers
Contracts bind parties to their stated obligations by utilizing clear language to enable each party to understand its obligations in a deal, particularly in terms of payment and deadlines.
Define a Contract.As it is specified that both parties signed a legal instrument in the presence of attorneys with details on the payment terms, a contract serves as the private solution to the externality of pollination. Contracts bind parties to their stated obligations by utilizing clear language to enable each party to understand its obligations in a deal, particularly in terms of payment and deadlines. Additionally, contracts serve as insurance for both parties in the event that one party breaches an agreement and is subject to legal action.
The Coase theorem, which states that private individuals can only resolve the issues caused by externalities on their own when the interested parties can bargain without cost over the allocation of resources, states that private solutions to externalities sometimes do not work, especially when communications barriers or social customs are important enough relative to the potential gains involved. When this occurs, the private market will assist in addressing the issue of externalities and effectively allocating resources.
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