If there is initially a federal budget deficit, and taxes rise, while transfer payments fall:
A. Aggregate Demand increases and the budget deficit increases.
B. Aggregate Demand increases and the budget deficit decreases.
C. Aggregate Demand decreases and the budget deficit increases.
D. Aggregate Demand decreases and the budget deficit decreases.
E. there is an indeterminate effect on both Aggregate Demand and the budget deficit.
Answers
If there is initially a federal budget deficit, and taxes rise, while transfer payments fall aggregate demand decreases and the budget deficit increases option C.
When taxes rise and transfer payments fall, it implies that the government is implementing a contractionary fiscal policy, which reduces the total spending in the economy, including consumption and investment spending.
As a result, the aggregate demand (AD) in the economy decreases, and the economy moves towards a lower level of output and employment. Therefore, options A and B are not correct.
When taxes rise and transfer payments fall, it reduces disposable income and decreases consumer spending, leading to a decrease in aggregate demand. However, the increase in tax revenue may not be enough to fully offset the decrease in transfer payments, resulting in a larger budget deficit.
Therefore, the correct answer is C. Aggregate Demand decreases and the budget deficit increases.
Option D is incorrect because a decrease in AD would not lead to a decrease in the budget deficit. Similarly, option E is also incorrect because the effect of a contractionary fiscal policy on the AD and budget deficit is well-established and not indeterminate.
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Related Questions
Ramon filed a discrimination charge against his employer. In what situation might he expect the EEOC to file a suit in Federal District Court?
Answers
Answer:
If conciliation is unsuccessful
Explanation:
the concilliation(when the third party meets privately with each conflicting party to get answers from each) must be unsucessful for the EEOC to file a suit in federal district court
Microsoft corp. reported earnings per share of $1.50 in 2006 and $2.40 in 2016. at what annual rate did earnings per share grow over this period?
Answers
Earnings per share increased by 9% per year during this time period.
What are earnings per share?Earnings per percentage are calculated by dividing a company's income by the extremely good stocks of its common inventory. The resulting range is a symbol of a company's profitability. It's far typical for a company to document EPS that has been adjusted for exceptional items and potential proportion dilution.Profits as a percentage are one of the most commonly used ratios in the business world. This range indicates how much a company earns in income for each brilliant percentage of inventory. EPS is calculated by dividing a company's net earnings by the total number of outstanding stocks.EPS is heavily influenced by the company and market expectations of how well that company will perform.As a general rule, the higher a company, the more valuable it is likely to be, though higher isn't always a guarantee of future overall performance.Earnings per shares are:
Total growth = $2.40 - $ 1.50 = $0.90time for the given growth = 10 yearspercentage of annual growth = (0.90 / 10) × 100 = 9= 9%Therefore, earnings per share increased by 9% per year during this time period.
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For an ethics and compliance program to properly function, a.it is not necessary to set measurable program objectives. b.the company must wait until after misconduct occurs to develop a means of preventing it. c.consistent enforcement and disciplinary action are essential. d.employees must be monitored using any means necessary. e.the same program should be used in all countries of operation, regardless of cultural differences.
Answers
Consistent enforcement and disciplinary action are essential for an ethics and compliance program to function properly.
What is the importance of organizational ethics?A company's policies and codes of ethics serve as a guide for employee behavior, creating an environment focused on development, respect and collaboration.
Therefore, ethics must be coordinated, controlled and reviewed to be consistent with a positive organizational culture.
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your bank quotes a 9% apr on your car loan (.75 percent interest each month). what is the ear? multiple choice question. 9.38% 9% 9.62% 13.82%
Answers
So the EAR for this car loan is 9.62%. This means that the actual annual cost of the loan, taking into consideration the effects of compounding, is 9.62%.
The Effective Annual Rate (EAR) is the actual annual rate of interest that is earned on an investment, taking into account the effects of compounding. The EAR takes into consideration the frequency of compounding and the nominal interest rate to provide a more accurate reflection of the true cost or return of an investment.
In this case, the bank quotes a 9% APR on the car loan, which translates to a monthly interest rate of 0.75%. To calculate the EAR, we need to determine the interest rate compounded monthly and calculate the annual rate based on this compounding frequency:
Monthly Interest Rate = APR / 12
= 9% / 12
= 0.75%
EAR = (1 + Monthly Interest Rate)¹² - 1
= (1 + 0.75%)¹² - 1
= (1.0075)¹² - 1
= 1.0962 - 1
= 0.0962 or 9.62%
Therefore, the answer to the multiple choice question is 9.62%.
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Consumers tend to purchase a good at a lower than at a higher price. Why (state any assumptions made)? Do consumers always behave this way? Explain your response.
Answers
According to the law of demand, the price of a good is negatively related to the quantity demanded all other things remaining equal.
Consumers do not always buy good at a lower price than at a higher price.
What is the law of demand?According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded. there is an inverse relationship between price and quantity demanded.
Consumers do not always buy goods at a lower price than a higher price. For example, for luxury goods, consumers would prefer to buy it at a higher price than at a lower price. This is because luxury goods are used to show wealth. If the price of a good that is considered to be used solely be wealthy people declines, some rich people would not want to purchase the goods again because it is now affordable by the masses.
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12. As the second trial began, what happened to Ruby Bates?
Answers
She was missing and they could not find her.
If a tour costs the tour operator $1,500 per person and the operator has a markup of 15 percent, how much would a pair of customers pay for tours?
$3,450
$300
$3,300
$3,000
Answers
The internet enables companies to decrease their emphasis on traditional promo
Answers
Answer:
The internet has enabled companies to promote their business with listing key factors and market their products with special highlights.
Explanation:
Earlier businesses used to promote their products by door to door marketing. In this era of technology and advancement the business focus on distinct features of their product and promote the products by highlighting those distinct features which other products does not have. Consumers are impressed with the presentation style and it is easier for them to view the complete product details by sitting at home through internet.
Which two lines intersect at level of output the firm is supplying if that business is earning zero economic profits?
Answers
The average cost curve and the variable revenue curve are two lines which intersect at level of output when the firm is supplying and that business is earning zero economic profits.
If the price which the firm is charging from customer is higher than its average cost of production for the quantity of the goods produced, then the firm will earn profits to a large extent.
Conversely, if the price which is charged by the firm is lower than its average cost of production, the firm will suffer losses.
Thus when the cost is equal to the revenue of the firm it means there is no profit at all. At this level the average cost curve will intersect the revenue curve.
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When Amy states, "We feel that better aligning our talent strategy with our business strategy is going to be critical for our success" which of the four basic managerial functions is she demonstrating?
Answers
Answer:
planning
Explanation:
In this scenario it seems that Amy is demonstrating the planning part of the managerial functions. This part focuses on creating the plans and processes needed in order to be able to meet all of the company goals and objectives. In this scenario, by stating the actions that she thinks would better the company, she is letting everyone know her plan, therefore she is demonstrating the planning function.
The managerial functions are the managing ability of the business or the job based upon the task-based perspectives. The managerial functions are fulfilled in a specific order for the better organization of the task.
The managerial functions are:
PlanningOrganizingDirectingStaffingCo-ordinatingControllingIn the given case Amy is demonstrating the Planning part of the managerial function.
It is determined as the person is focusing on creating the plans and various processes that are required in order to meet the goals and objectives of the company. The person is stating the action that she is letting everyone know about the plan.
Therefore, she is demonstrating the planning process.
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Assignment 7S
(15 points)
Assignment Overview
This is a three-part assignment.
In Part I, you'll check your work from Section 7.
In Part II, you'll add on to your Section 7 project.
In Part III, you'll zip and submit your files to your instructor.
Part I: Check Your Work
Follow these steps to check your work from Section 7.
1. Make sure your Career Presentation looks the way you want it to. If you want to make
changes, do that now.
2. Make sure you've saved your work before you continue.
3. Make sure your Career Presentation meets the criteria in the Career_Presentation
Grading Rubric on the next page.
Answers
Answer:
im confused my self
Explanation:
Aswer
did u use slides
Explanation:
??
Desiree works 28 hours per week. She has a monthly income of $120 from investments. Desiree also plays in a band one night a week making $200. She has a total annual income of $49,696. Desiree wants to ask her boss for a raise so that next year she can have a total income of $51,880. Assuming the other incomes remain the same, how much of an hourly raise will Desiree need?
Answers
Answer:
$1.50
Explanation:
Desiree makes $120 per months from investments. The annual income from investments = $120 x 12
=$1,440
She play in band earning $200 per week. Annual income from the band will be = $200 x 52 weeks
=$10,400
If her total annual income is $49,696, then her annual income from her salary =$49,696 -( $1440 + $10,400)
=$49,696 -$11,840
=$37,856
weekly earnings will be $37,856 /52= $728
Hourly earnings will be $728 /28
=$26
Desiree wants to make $51,880 per year. Her income from investments and the band will remain the same.
She needs to earn $51,880 -$11,840 from her salary
=$40,040 per year
Her new weekly earnings will be $40,040 /52 =$770
New hourly earning = $27.5
Desiree should ask for a raise of( $27.5 -$26)
=$1.50
Kubin company’s relevant range of production is 16,000 to 24,500 units. When it produces and sells 20,250 units, its average costs per unit are as follows:.
Answers
Based on the details given, the following are true:
1. Incremental manufacturing cost = $14.602. Incremental cost = $17.50Incremental manufacturing cost if production increased from 20,250 to 20,251The fixed cost will not change as the production amount is still below 24,500 units. Incremental manufacturing cost will therefore be:
= Direct material + Direct labor + Variable overhead
= 7.70 + 4.70 + 2.20
= $14.60
Incremental cost for increased from 20,250 to 20,251This will include all costs that are not fixed.
= Incremental manufacturing cost + Sales commissions + Variable admin expense
= 14.60 + 1.70 + 1.20
= $17.50
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Question 15 of 20
Property rights protect businesses by:
A. ensuring that they cannot be sued by their customers.
B. shutting down businesses that might become their competitors.
Ο Ο Ο Ο
C. reducing the taxes they have to pay to state governments.
D. preventing other businesses from copying their products.
SUB
Answers
Answer:
D
Explanation:
i believe it could also be c
Property rights protect businesses by preventing other businesses from copying their products. Option D. This is further explained below.
What are Property rights?Generally, Property rights are simply defined as the conceptual and constitutional possession of resources, and how they may be utilized are defined by property rights.
In conclusion, Businesses are protected by property rights, which prohibit competitors from replicating their goods.
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What is the GDP growth rate?
What is GDP per capita growth rate?
What is the productivity growth rate?
Help ASAP. The assignment's due tonight
Answers
The GDP growth rate, also known as economic growth rate, is measure of the change in country's gross domestic product (GDP) over a specific period of time, usually year or quarter.
What is economic growth?Economic growth refers to the increase in the production and consumption of goods and services in an economy over a specific period. This growth can be measured by changes in gross domestic product (GDP), which is the total value of all goods and services produced within a country's borders. Economic growth is generally seen as a positive development, as it creates jobs, increases income and improves living standards for people. However, it can also have negative consequences such as environmental degradation, inequality and inflation. Governments and central banks often try to promote economic growth through various policies, such as fiscal stimulus, monetary policy and investments in infrastructure and education.
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if the economy develops an inflationary gap an appropriate action would be for the federal reserve to
Answers
If the economy develops an inflationary gap, an appropriate action for the Federal Reserve would be to implement contractionary monetary policy measures.
The goal of contractionary policy is to reduce aggregate demand and slow down economic growth in order to mitigate inflationary pressures.
Here are some possible actions that the Federal Reserve can take:
1. Increase the benchmark interest rate: The Federal Reserve can raise the federal funds rate, which is the interest rate at which banks lend to each other overnight.
By increasing this rate, borrowing becomes more expensive, which can reduce consumer and business spending, thereby curbing inflationary pressures.
2. Sell government securities: The Federal Reserve can engage in open market operations to sell government securities, such as Treasury bonds.
This reduces the money supply in the economy, making credit and borrowing more costly, which can help restrain inflationary tendencies.
3. Increase reserve requirements: The Federal Reserve can raise the reserve requirement for banks, which determines the amount of reserves banks must hold against their deposits.
This reduces the amount of money that banks can lend, limiting overall spending and dampening inflationary pressures.
4. Communicate policy intentions: The Federal Reserve can use forward guidance to communicate its commitment to price stability and its intention to take necessary actions to curb inflation.
Clear communication can help manage inflationary expectations and influence consumer and business behavior.
It's important to note that the appropriate actions taken by the Federal Reserve may depend on the specific economic conditions and the degree of inflationary pressures.
The Federal Reserve carefully assesses a range of economic indicators and factors before implementing policy measures.
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find the minimum variance portfolio. for your minimum variance portfolio, how much should be invested in asset a? in asset b? (hint: footnote on page 201 in edition 12). a. for full credit, you need to point it out graphically as well as calculating the exact weights in each stock using the correct formula. 8. adding in the risk free rate, what is the optimal risky portfolio? (percentage invested in stock a and b (hint: equation 7.13 on page 205 in edition 12)
Answers
We multiply the squared weights of each security in a portfolio and then add twice the weighted average to get its variance. All individual security pairs' covariance is then multiplied by the outcome.
Assets that are individually risky but when combined produce the lowest risk level for the expected rate of return are referred to as minimum-variance assets. With this portfolio design, the investor balances off each investment with a complementary one.
The point where the line begins to curve and risk is lowest in relation to return is where the least variance portfolio is located. Anything over the MVP that falls on the efficient frontier line is seen as the best option because the projected return matches the degree of risk.
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DESCRIBE how Financial Markets are organized in relation to
Maturity of Securities.
Answers
The financial markets are organized in relation to the maturity of securities based on the Money market and Capital market.
Financial Markets are organized based on the security's maturity. The primary and secondary financial markets are organized based on securities maturity. Here is a brief description of how financial markets are organized in relation to the maturity of securities:
Money market: Money market securities are short-term securities with maturities of up to one year. They are commonly referred to as short-term debt instruments because they mature in less than one year. The primary participants in the money market are banks, corporations, government entities, and other large financial organizations. Treasury bills, commercial paper, and certificates of deposit are examples of money market securities. The money market is a crucial part of the financial market, and it serves as a source of short-term funding for financial organizations.
Capital market: Capital markets are long-term investment markets that deal with stocks, bonds, and other long-term securities. Stocks, for example, represent an ownership interest in a corporation, while bonds represent a promise to pay a predetermined rate of interest. The capital market includes public offerings of securities, trading activities, and all associated mechanisms for allocating capital. The capital market's primary purpose is to provide a mechanism for long-term capital allocation to finance long-term projects.
According to maturity, capital market instruments are classified into two categories: debt securities and equity securities. Debt securities have a fixed maturity, and the issuer must pay a predetermined rate of interest. On the other hand, equity securities represent ownership in the company, and their value is determined by the company's market value. Stocks are a common example of equity securities.
Finally, it is worth mentioning that the secondary financial market is organized in the same way as the primary financial market.
However, the difference is that the secondary market deals with securities that have already been issued and traded in the primary market.
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1. Calculate the value of a 6 year 2% coupon bond with semiannual payments, 1000 par. Expected return is the risk free rate of 3%.
Note: The correct answer is 945.4625. Please explain?
2. Calculate the accrued interest for a 1000 par bond if the next coupon is payable in 74 days and there are 182 days in a semiannual coupon period? Assume the annual coupon rate is 3.1%
Please use 5 decimal places in your response.
Note: Correct answer is 9.1978. Please explain?
Answers
Bond Value = 945.4625. The accrued interest is $9.1978.
1. To calculate the value of a 6-year 2% coupon bond with semiannual payments and a 1000 par value, we can use the bond pricing formula:
Bond Value = \((C × (1 - (1 + r)^{-n) / r)} + (F × (1 + r)^{-n)\)
where:
C = coupon payment (0.02 × 1000) / 2 = 10
r = required rate of return per period (0.03 / 2) = 0.015
n = number of periods (6 years × 2 periods/year) = 12
F = face value (1000)
Bond Value =\((10 × (1 - (1 + 0.015)^{-12) / 0.015) }+ (1000 × (1 + 0.015)^{-12)\)
2. To calculate the accrued interest for a 1000 par bond with a semiannual coupon period of 182 days, we use the formula:
Accrued Interest = (Days passed / Days in coupon period) × (Annual Coupon Rate / 2) × Par Value
Days passed = 74
Days in coupon period = 182
Annual Coupon Rate = 3.1%
Par Value = 1000
Accrued Interest = (74 / 182) × (0.031 / 2) × 1000
Accrued Interest = 9.1978
$9.1978 worth of interest has accrued.
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Preston is creating a business proposal for a new client. He decides to add a promotional brochure describing related company services to his proposal. In which section of the proposal should he include this promotional brochure?.
Answers
Brochures are promotional resources that are typically used to expose a business, company, products, or services to potential customers or members of the general population and explain the benefits.
A brochure is a folded piece of printed information that is similar to a pamphlet, guidebook, or template. It is frequently used in advertising material that introduce businesses, brands, products, and services.
When creating a brochure, keep the basics in mind: the company name, at least 2 kinds of contact details, an emblem, and a catch phrase. On the front, include a title of the article and two or three brief paragraphs outlining the benefits your company may provide.
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Which of the following influences the price elasticity of demand?
1. percentage of a consumer's budget
2. amount of time available to adjust to price changes
3. number and availability of substitutes
4. all of the above
-
thank you!!
Answers
Explanation:
1. percentage of a consumer's budget
The given factor that determines the price elasticity of demand is 3. number and availability of substitutes.
What determines price elasticity of demand?The price elasticity of demand refers to how much demand can change as a result of a change in price.
If a good has several available substitutes, it would have a higher price elasticity of demand because people who switch to other products if prices rise.
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Suppose the market for gourmet chocolate is in longrun equilibrium and an economic downturn has reduced consumer discretionary incomes. Assume chocolate is a normal good and the chocolate producers have identical cost structures.
a. What will happen to demand-shift right, shift left, no shift?
Answers
In this scenario, since an economic downturn has reduced consumer discretionary incomes and gourmet chocolate is considered a normal good, the demand for gourmet chocolate will be affected. As consumers have less disposable income, they tend to reduce their consumption of normal goods.
Therefore, the demand curve for gourmet chocolate will shift to the left, reflecting a decrease in demand. The shift will result in a new equilibrium point where the quantity demanded and supplied of gourmet chocolate will be lower than before the economic downturn.
Assuming the chocolate producers have identical cost structures, they will all face the same decrease in demand, which may lead to excess supply in the market. To maintain their profits, chocolate producers may reduce their prices to attract more consumers. This price reduction may help to restore the equilibrium in the market, but the quantity supplied of gourmet chocolate will remain lower than before the economic downturn.
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a firm acquired an assset on 1st Apri, 1990 at a cost of Le 30,000. The useful life of the asset is expected to be 10 years. The estimated scrap value of the asset at the end of the year is Le 2,000. Show the provision for depreciation account for the first 3 years in the life of the asset using the Straight line method
Answers
Answer:
First year : Le 2100
Second year : Le 2800
Third year : Le 2800
Explanation:
Given the following :
Cost of equipment = 30,000
Useful years = 10
Salvage or scrap value = 2,000
depreciation account for the first 3 years in the life of the asset using the Straight line method :
Straight line Depreciation :
(Cost - salvage value) / useful years
First year: (April - December 1990)
April - December 1990 = 9 months
(30,000 - 2000) / 10 × 9/12
28000 / 10 × 0.75 = Le 2100
Second year:
(30,000 - 2000) / 10 × 12/12
28000/ 10 = Le 2800
Third year:
(30,000 - 2000) / 10 × 12/12
28000/ 10 = Le 2800
This communication channel is typically used to provide an audience with information about a product or service, usually for informational or persuasive purposes. It is a one-way communication in a visual medium.
Answers
Answer:
Online advertisement
Explanation:
In the ever-increasing technological world, online advertising is an extremely elaborate solution for the sale of any item or service or for the information about that item or service.
The use of online advertisements is usually an elaborate way of providing detailed information about goods and services in which information about goods and services is provided to individuals viewing through movable images, communication in the online advertising technological world.
This is a large medium of information as well as it is also a proper means of giving unilateral information.
Do you think every working American needs a 401(k) account or an IRA? Why or why not?
No links
Need ASAP
Answers
Answer:
Both 401(k) accounts and IRAs are retirement savings accounts that allow individuals to save for retirement on a tax-advantaged basis. Contributions to these accounts are tax-deductible, and the earnings on the investments grow tax-free until they are withdrawn during retirement.
There are some benefits to having a 401(k) account or an IRA. They allow individuals to save for retirement in a tax-efficient way, and can provide a significant source of income during retirement. In addition, many employers offer matching contributions to 401(k) accounts, which can be a valuable incentive to participate.
However, there are also some drawbacks to these types of accounts. For example, they are subject to market fluctuations and the investment risk is borne by the individual. In addition, there are limits on how much can be contributed each year, which may not be enough to provide for a comfortable retirement.
Whether or not every working American needs a 401(k) account or an IRA depends on individual circumstances. For some people, these accounts may be a valuable tool for saving for retirement. For others, different types of retirement savings accounts or strategies may be more appropriate. Ultimately, it is up to each individual to determine the best approach for their own retirement planning.
Why does the United States have an advantage over other countries in producing many different products for export?
Consumption greater than production
O Abundance of natural resources
O Lowest unemployment rate
O Mandatory education
Answers
Due to its wealth in natural resources, the United States has an advantage over other nations in creating a wide range of items for export.
Natural resources include any biological, mineral, or aesthetic asset provided by nature unaided and capable of being used for some sort of advantage, whether tangible (economic) or intangible. It has changed over time and from one community to another what is seen as a export "resource" (or, for that matter, "natural"). In addition to energy resources (like petroleum, natural gas, and heated water [that is, geothermal energy] contained within layers of rock), forests, surface water, groundwater, fertile lands, or the soil and minerals within them (rather than the crops that grow on them), are natural resources examples of assets that can be considered natural resources.
Natural resource management is a practice that takes into account how civilizations control the availability of or access to the natural resources that are essential to their existence and economic growth. According to natural resources certain definitions, management is only necessary for natural resources that can regenerate on their own and whose use export depends on this ability. For instance, oil is not typically seen as a topic of natural resource management.
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The following information relates to
Longman, Inc.'s
overhead costs for the month:
1(Click
the icon to view the information.)
Requirements
1.
Compute the overhead variances for the month: variable overhead cost variance, variable overhead efficiency variance, fixed overhead cost variance, and fixed overhead volume variance.
2.
Explain why the variances are favorable or unfavorable.
Requirement 1. Compute the overhead variances for the month: variable overhead cost variance, variable overhead efficiency variance, fixed overhead cost variance, and fixed overhead volume variance.
Begin by selecting the formulas needed to compute the variable overhead (VOH) and fixed overhead (FOH) variances, and then compute each variance amount.
(Actual cost - Standard cost) × Actual hours
=
VOH cost variance
(Actual hours - Standard hours allowed) × Standard cost
=
VOH efficiency variance
Actual overhead - Budgeted overhead
=
FOH cost variance
Budgeted overhead - Allocated overhead
=
FOH volume variance
=
=
=
=
Requirement 2. Explain why the variances are favorable or unfavorable.
The variable overhead cost variance is
(1)
because
Longman
actually spent
(2)
than budgeted.
The variable overhead efficiency variance is
(3)
because the actual hours used was
(4)
than budgeted.
The fixed overhead cost variance is
(5)
because
Longman
actually spent
(6)
than budgeted for fixed overhead.
The fixed overhead volume variance is
(7)
because
Longman
allocated
(8)
overhead to jobs than the budgeted fixed overhead amount.
1: Data Table
Static budget variable overhead
$7,500
Static budget fixed overhead
$3,000
Static budget direct labor hours
1,500 hours
Static budget number of units
7,500 units
Longman
allocates manufacturing overhead to production based on standard direct labor hours. Last month,
Longman
reported the following actual results: actual variable overhead,
$10,100;
actual fixed overhead,
$2,840;
actual production of
7,200
units at
0.25
direct labor hours per unit. The standard direct labor time is
0.2
direct labor hours per unit
(1,500
static direct labor hours /
7,500
static units).
(1)
unfavorable
favorable
(2)
less
more
(3)
unfavorable
favorable
(4)
less
more
(5)
favorable
unfavorable
(6)
less
more
(7)
unfavorable
favorable
(8)
less
more
Answers
Variable overhead cost variance:Actual variable overheads = $10,100 ($1.41 per direct labor hour)Static variable overheads = $7,500 ($1.50 per direct labor hour)Variable overhead cost variance = (Actual variable overheads - Static variable overheads) x Actual direct labor hours
The variance analysis of Longman, Inc. overhead costs has been calculated, and it has been observed that the variable overhead cost variance is $630 Favorable, while the variable overhead efficiency variance is $540 Favorable. The fixed overhead cost variance is $160 Favorable, and the fixed overhead volume variance is $300 Unfavorable. The variance analysis indicates that the actual costs of Longman, Inc. are relatively lower than the budgeted cost for variable overheads and fixed overheads, which leads to a favorable variance.
On the other hand, it shows that Longman, Inc. allocated more overhead to jobs than the budgeted fixed overhead amount, which leads to an unfavorable variance.
In conclusion, the favorable variable overhead cost and efficiency variances and the favorable fixed overhead cost variance should be appreciated by the company as it implies cost savings, but the unfavorable fixed overhead volume variance indicates that Longman, Inc. needs to reassess its overhead allocation plan.
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Which of the following do you not need to take into account when you retire?
Responses:
-Your monthly expenses
-The cost of living in your city and state
-How much money you have saved in your retirement fund
-Whether your money comes from active or passive income
Answers
The thing that does not need to take into account when you retire is Whether your money comes from active or passive income. Thus the correct6 option is D.
What is Retirement?Retirement refers to the duration of an individual's life when he stops working with the purpose of earning money. This retirement is considered a voluntary choice due to health issues or crossing the official age of working which varies from industry to industry.
The major goal of retirement planning is to become financially independent after retirement, which enables a person to live stress-free without worrying about necessities.
Their major objective is to make sure that clients have enough cash to live happily in retirement by taking into account monthly costs and the amount of money you have saved up in a retirement account.
Therefore, option D is appropriate.
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Assuming that the Transferor of Accounts Receivable follows US GAAP, which of the following would prevent the Transferor of Accounts Receivable from recording the transaction as a "Sale"?
a. The maturity date of the receivables transferred is less than 60 days from the date of the transaction.
b. The "buyer" of the receivables is NOT allowed to resell the receivables.
c. Both A and B would PREVENT the Transferor of the Accounts Receivable from recording the transaction as a sale.
d. None of the above.
Answers
Assuming that the Transferor of Accounts Receivable follows US GAAP, both options A, and B would prevent the Transferor of Accounts Receivable from recording the transaction as a "Sale".
There are two terms that can prevent the transferor of accounts receivable from recording the transaction as a sale assuming that the Transferor of Accounts Receivable follows US GAAP.
They are A. The maturity date of the receivables transferred is less than 60 days from the date of the transaction.
B. The "buyer" of the receivables is NOT allowed to resell the receivables.
Therefore, the correct option is C. Both A and B would PREVENT the Transferor of the Accounts Receivable from recording the transaction as a sale.
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How does the circular flow model represent the interactions between households and firms?
Answers
The interplay between two sets of economic decision-makers—households and businesses—as well as two different categories of economic markets—the market for commodities and the market for products and services—is depicted by the circular flow model.
The approach demonstrates how businesses and households can benefit from each other.
What three categories of economic decisions are there?Economic decisions affect the production, trade, distribution, consumption, saving, and investment of economic resources. The objectives of individuals, private organizations, and society at large are served by economic decisions.
Free market, command, and mixed economies are the three primary types. Command and free-market economies; mixed economies combine the two. Both people and corporations are free to choose their own economic course. All national economic decisions are made by the state's central authority.
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