Jonas "borrows" $500 from petty cash and uses the money to buy lottery tickets in hopes of being able to pay back his colleague, which is an example of a high degree of ______.
Answers
Jonas "borrowing" $500 from petty cash to buy lottery tickets in hopes of being able to pay back his colleague is an example of a high degree of irresponsibility or poor financial judgment.
Financial Irresponsibility: Jonas's action demonstrates a lack of financial responsibility by misusing company funds for personal and speculative purposes. Instead of using the petty cash for legitimate business expenses or adhering to established guidelines, he engages in a risky and potentially unlawful behavior.
Lack of Ethics: Jonas's actions can be seen as unethical as he is misappropriating company funds for personal gain, without proper authorization or intention to repay.
Impulsivity: Jonas's decision to use the money for lottery tickets shows a lack of impulse control and short-term thinking. Rather than considering the consequences and long-term implications, he seeks immediate gratification without considering the potential negative outcomes.
Lack of Accountability: By using the money for personal purposes, Jonas fails to fulfill his responsibility to handle company funds with integrity and transparency. He is not being accountable for his actions and disregards the trust placed in him.
It is important for individuals to exercise financial responsibility, adhere to ethical standards, and make informed decisions when handling company resources to maintain trust, integrity, and ethical behavior within the workplace.
Learn more about colleague here
https://brainly.com/question/27404382
#SPJ11
Related Questions
here again are the boxplots showing annual incomes (in thousands of dollars) of households in two cities. Statstown - Medianville - 0 20 40 100 120 140 60 80 Annual Income Which city has a greater percentage of households with annual incomes between $50,000 and $80,000? Statstown Medianville Both cities have the same percentage of households with annual incomes between $50.000 and $80.000. It is impossible to tell from the boxplots.
Answers
Based on the provided boxplots for annual incomes of households in Statstown and Medianville, it is impossible to definitively determine which city has a greater percentage of households with annual incomes between $50,000 and $80,000.
Boxplots only show the minimum, maximum, median, and interquartile range (Q1 and Q3), and do not provide specific information regarding the percentage of households within a particular income range.
To accurately determine the percentage of households with annual incomes between $50,000 and $80,000, you would need to have access to the raw data or a more detailed representation of the income distribution for each city.
Know more about "income distribution".
https://brainly.com/question/31218582
#SPJ11
Jacob works part-time as a cashier at a drug store. His gross pay for the year
was $8,000. Based on his income level, the federal tax rate he'll need to pay is
10%. For his state taxes, Jacob will need to pay 5% and the FICA rate is
7.65%. What is Jacob's net pay for the year?
A. $1,812
B. $7,200
C. $6,188
D. $6,988
Answers
Answer:
Option C
Explanation:
Gross Salary of Jacob = $ 8000
Federal tax paid by him = 10% of $8000 = $800
State tax = 5% of $8000 = $400
FICA rate = 7.65% of $8000 = $612
Net Pay of Jacob = $ 8000 - $800 -$400-$612
= $6188
Hence, option C is correct
A large scale study conducted over a one year period has shown that break-ins at home occur about 6% of the time in the population. the study also shows home security alarms went off 4% of the time when no one was breaking into the home. the security alarm failed to go off 3% of the time when someone was really breaking into the home. what is the probability that a home has been broken into and the alarm did not go off?
Answers
Answer:
0.0018
Explanation:
The computation of the probability in the case when the home is broken and the alarm did not go off is shown below:
= P(Broken into) × P(Alarm did not go off)
= 0.06 × 0.03
= 0.0018
By multiplying the broker into with the alarm did not go off so that the probability could come and the same is to be considered
What happens when the value of all u.s. imports is greater than the value of all u.s. exports?
Answers
When the value of all U.S. imports is greater than the value of all U.S. exports, it results in a trade deficit or a negative trade balance.
This means that the United States is importing more goods and services from foreign countries than it is exporting to them, resulting in a net outflow of money from the U.S. economy to foreign economies.
There are several potential implications of a trade deficit for the U.S. economy:
Current account deficit: A trade deficit contributes to a current account deficit, which is a measure of a country's net transactions with the rest of the world.
Foreign debt: To finance a trade deficit, the U.S. may need to borrow money from foreign countries, resulting in an increase in foreign debt.
Impact on domestic industries: A trade deficit may indicate that domestic industries are facing competition from foreign imports, which can lead to job losses and reduced competitiveness for U.S. industries.
Exchange rate effects: A persistent trade deficit can put pressure on the value of the U.S. dollar in foreign exchange markets. If the demand for U.S. dollars decreases due to the trade deficit, it can lead to a depreciation of the U.S. dollar relative to other currencies.
Economic and policy considerations: A trade deficit may prompt policymakers to consider various measures to address the imbalance, such as imposing tariffs or other trade barriers, negotiating trade agreements, or implementing domestic policies to promote export-oriented industries.
It's worth noting that trade deficits are complex economic phenomena with various causes and effects, and economists hold differing views on their implications. Some argue that trade deficits are not necessarily harmful and can be offset by other economic factors, while others raise concerns about their impact on long-term economic health.
Learn more about “ U.S. imports AND exports “ visit here;
https://brainly.com/question/14908412
#SPJ4
which of these is a requirement for advertising on shopping ads? A. store policy B. country-specific destination url
C. full contact information D. secure checkout
Answers
A requirement for advertising on shopping ads all of the following components are visible in a PPC text (Pay-Per-Click) text ad, with the exception of the complete destination URL. The correct answer is B. country-specific destination url.
The four essential parts of a PPC text ad are the ad title, the description lines, the display URL, and the destination URL. The headline for the advertisement is the ad title, which aims to catch the user's eye. Additional details about the good, service, or deal that is being advertised are provided in the description lines. The display URL is a condensed version of the destination URL that includes the domain of the website and conveys legitimacy. The whole destination URL is not, however, displayed in the advertisement.The advertiser uses the destination URL, which is the website that a visitor actually visits after clicking the ad, to track clicks and performance.
To know more about PPC text visit:
https://brainly.com/question/31818730
#SPJ4
suppose that a perpetual annuity has a present value of $33 million. what interest rate r would allow for perpetual annual payouts of $1.8 million? express the interest rate as a decimal rounded to three decimal places. do not include the dollar sign in your answer.
Answers
The interest rate (r) that would allow for perpetual annual payouts of $1.8 million with a present value of $33 million is approximately 5.45% (rounded to three decimal places).
To solve for the interest rate (r), we can use the formula for the present value of perpetuity:
PV = PMT / r
Where PV is the present value, PMT is the annual payment, and r is the interest rate.
Substituting the given values, we have:
$33,000,000 = $1,800,000 / r
Multiplying both sides by r, we get:
r * $33,000,000 = $1,800,000
Dividing both sides by $33,000,000, we have:
r = $1,800,000 / $33,000,000
r ≈ 0.0545
Therefore, the interest rate (r) that would allow for perpetual annual payouts of $1.8 million with a present value of $33 million is approximately 5.45% (rounded to three decimal places).
Learn more about interest rate (r)
https://brainly.com/question/30454502
#SPJ4
Business are centers that offer businesses in the critical stage of early development low-cost offices and access to basic services such as accounting, legal advice, and secretarial help.a. Trueb. False
Answers
The given statement "Business are centers that offer businesses in the critical stage of early development low-cost offices and access to basic services such as accounting, legal advice, and secretarial help" is true. Incubators provide start-up companies with inexpensive offices and essential services like accounting, legal counsel, and secretarial assistance during their crucial early development stage.
According to SCORE business counsellor Ron Consolino, the U.S. Small Business Administration asserts that five factors—drive, thinking ability, people skills, effective communication, and technical aptitude—determine a small business owner's success. These are the people who frequently use their own funds to finance companies. This investment may be made in accounting for stock or a stake in the company. When management is no longer able to personally oversee or control an organization's operations, the internal controls become crucial.
To learn more about accounting, click here.
https://brainly.com/question/22917325
#SPJ4
Answer:
incubators
Explanation:
Suppose that a worker in Cornland can grow either 40 bushels of corn or 10 bushels of oats per year, and a worker in Oatland can grow either 5 bushels of corn or 50 bushels of oats per year. There are 20 workers in Cornland and 20 workers in Oatland. If the two countries do not trade, Cornland will produce and consume 400 bushels of corn and 100 bushels of oats, while Oatland will produce and consume 60 bushels of corn and 400 bushels of oats. If each country made the decision to specialize in producing the good in which it has a comparative advantage, then the combined yearly output of the two countries would increase by
Answers
Answer:
see. I hope it's helpful for you lolExplanation:
i need friend lol can you my friend
4. If your checking account's balance is
$3,678.89 and you withdraw $1,514, what
is the remaining balance?
A $2,164.89
B $5,192.89
C$2,614.89
D $3,678.89
(Step by step ) please
Answers
Basically just subtract, 3,678.89-1514 = 2,164.89
document creation is a key business function because
Answers
Document creation is a key business function because it is essential for managing, archiving, and sharing important information.
Documents play an important role in business today, from managing customer records and sales invoices to tracking employee activities, to creating contracts and agreements. Documents are used for a variety of purposes, such as providing evidence of compliance with government regulations, facilitating communication between different departments, and forming a basis for decision-making.
The ability to create, edit, and store documents is a key part of any business’s operations. Document creation can help streamline processes, increase efficiency, and improve customer service. It can also help organizations save money by reducing the amount of manual labor required to perform tasks. Additionally, document creation can help ensure accuracy and consistency in the data that an organization stores and processes.
Finally, document creation is an important tool for creating accountability within an organization. By having an accurate record of all the activities and operations of an organization, it is easier to track progress, measure performance, and identify potential areas of improvement. This can help ensure that the organization is operating most efficiently and effectively as possible.
Learn more about document creation:
brainly.com/question/5527348
what is the impact of atm on banking sector?
Answers
Answer:
Explanation:
ATM s are of great use to the banks as the reduce the number of people storming the banks for withdrawal of money as well as deposit of money it reduces cost of operation and from customer point of view it is available easily near by hence travelling further distance to the bank is not required
ATMs are one of the most convenient services provided by the banks to customers. It is beneficial to banks as it is to its customers. It helps banks to save cost and time in withdrawing money and various other services which are now provided by ATM.
Automated teller machines, or ATMs as they are more commonly referred to, are a convenient way to conduct one-on-one transactions quickly and easily. One can do self-serviced transactions with these machines without a physical teller's aid or a trip to the bank branch. Cash withdrawals, cash deposits, and fund transfers are just a few of the many transactions possible with automated teller machines, or ATMs. Although the majority of customers only use ATMs to withdraw cash, these additional transactions make the service more effective.
With the advent of the ATM, users' financial lives became simpler because they could now perform simple transactions on their own with the aid of an ATM, which was much more practical than often visiting the bank. The ability for users to transact between banks is another significant advantage of an ATM. This means you can still use basic services like cash withdrawals from the ATM even if you don't have an account with the bank that runs the machine. Again, this saves you time and comes in handy in an emergency because you won't need to go to the ATM at your bank every time you need a quick infusion of cash. ATM helps banks operate more cheaply by lowering the number of human operations. The ATM provides service 24 hours a day which means customers can avail of money and other services at any time of the day.
Learn more about ATM : https://brainly.com/question/24198010
which of the following probably occurred as the u.s. economy experienced declining real gdp in 1953? check all that apply. the unemployment rate increased. retail sales declined. consumer spending declined. industrial production increased.
Answers
The thing that would probably occurred as the u.s. economy experienced declining real gdp in 1953 are:
Consumer spending increased.The unemployment rate declined.What is real gdp?Real GDP is a macroeconomic statistic that measures the value of the goods and services produced by an economy in a specific period, adjusted for inflation.
In conclusion, Consumer spending increased and the The unemployment rate declined would take place as the u.s. economy experienced declining real gdp.
Learn more about gdp at:
https://brainly.com/question/1152672
#SPJ1
Is Anna eligible to receive a Pell Grant? If she is, what is the maximum amount she can get from a Pell Grant? (Click here to see what the current limit is on a Pell Grant. Note that Anna's SAR is for the 2012-2013 FAFSA, but the Pell Grant limit is updated for the current year).
Answers
Answer:
some information is missing, so I looked for similar questions:
the requirements for receiving a Pell Grant in 2013 were:
The maximum amount for 2013-2014 was $5,645.Anna must be a US citizen (or legal alien with SS number) and must attend a qualifying university.Anna must be under 24 years old.Anna's expected family contributions (EFC) must be lower than her cost of attendance (COA). Anna's family income must be below $23,000 in order to receive the maximum grant amount, and this amount is reduced if her family's income is higher, The family's maximum income should be less than $60,000.The amount of the grant also varies depending whether she will attend full time or part time.Pell Grants are a type of financial aid granted by the federal government to college or post-secondary students whose families do not have enough money to pay for all the attend ace costs. The actual amount given to each student varies depending on several factors. I listed some of the major factors above, but during 2012 and 2013 the program suffered a lot of restrictions since the total number of applicants and receivers increased dramatically due to the great recession suffered a few years earlier.
Which of the following is an example of a soft skill?
A. Ability to use CSS spreadsheets
B. Ability to manage spreadsheets
C. Ability to work well with a project team
D. Ability to manipulate images using computer software
Answers
Answer:
Ability to work well with a project team
Explanation:
Sean’s mother had to make an emergency purchase of a new tire because her tire went flat while she was traveling to the store. She is not sure how much money she has in her checking account. Which method of payment should she use to be financially responsible?
She should pay by telephone with her debit card.
She should pay with a debit card.
She should pay with a credit card.
She should pay with a check.
Answers
Answer:
c. She should pay with a credit card.
Explanation:
Credit cards are basically loans that the banks give to the customer to use and pay back before the due date.
Now if Sean's mother does not know how much money she has, she must use the credit card because to be financially responsible and pay the type services their due amount.
Later she can check her account details and make payments to the bank as per requirement.
Explanation:
The most financially responsible option for Sean's mother would be to pay with a debit card. The correct option is B.
Why debit card is better than cash?You can carry out purchases using a debit card rather than scrambling for cash, looking through your pockets or handbag for exact change, writing a check, or visiting an ATM. It's also more convenient than ever thanks to the increase in companies accepting debit card payments.
This is because a debit card transaction deducts the payment directly from her checking account, so she can only spend the money she actually has available. This can help her avoid overspending or going into debt.
Paying by telephone is also a convenient option, but it is important for Sean's mother to make sure she is using a secure and trusted payment system to protect her personal and financial information.
Using a credit card or writing a check are also options, but they may not be as financially responsible in this situation. With a credit card, Sean's mother would be borrowing money and may incur interest charges if she doesn't pay the balance in full. Writing a check may take longer to process and may not be accepted by all tire shops.
Thus, the ideal selection is option B.
Learn more about Debit Card here:
https://brainly.com/question/27934503
#SPJ7
when consumed, many goods and services have an impact on other people not using the product. Which word describes this impact ?
A. appreciation
B. depreciation
C. externality
D. inflation
Answers
Answer:
Explanation:
depreciation
When consumed, many goods and services have an impact on other people not using the product. Depreciation word describes this impact. The correct option is B.
What does it mean to deprecate a product?Application developers who have already subscribed to a product may still use it after it is deprecated, but no new developers may do so. We disapprove of this use of company funds for political activities. to say that you disapprove of something.
In order to maintain backward compatibility and give programmers time to bring affected code into compliance with the new standard, features are deprecated rather than immediately removed. The following are some of the primary causes of depreciation: A more potent substitute feature has taken the place of the former feature.
Thus, the ideal selection is option B.
Learn more about deprecating a product here:
https://brainly.com/question/4591900
#SPJ2
in low uncertainty avoidance countries managers are advised to provide structure and order to reduce uncertainty and ambiguity for subordinates. group of answer choices true false
Answers
The given statement, in low uncertainty avoidance countries managers are advised to provide structure and order to reduce uncertainty and ambiguity for subordinates is false.
Uncertainty Avoidance:
According to Hofstede, uncertainty avoidance refers to how much a society's citizens try to reduce uncertainty in order to deal with their uneasiness. Employees tend to stay with their present job longer in cultures that place a high value on norms and organised environments (such as those governing religion and diet).
Uncertainty avoidance will have a significant impact on both the process and the outcomes of user research. From the client's perspective to the evaluator's perspective, the local moderator, and the venue, understanding how uncertainty is perceived in each culture is crucial. For instance, if the client accepts little uncertainty but the venue management accepts a high degree of uncertainty, the client may misinterpret the venue management's attitude and experience anxiety.
To know more about Uncertainty avoidance:
brainly.com/question/13313775
#SPJ4
First, we need to figure out how much you want to borrow. You said you wanted to spend $5,000, and you will put $500 down. Based on that, we can estimate your taxes to be $340. Put those numbers into the calculator and press calculate to see how much money you will need for your loan.
Answers
"$4840" will be the total amount for the loan.
To "borrow" a thing means to use it with the purpose of giving it back. "Loan" is a word that can refer to either the act of giving anything to anyone or a number of funds it must be repaid with interest. That basically implies you can't say you're "borrowing" anything from anyone.
From the information that is provided:
Money that is spent = $5000
Down payment made = $500
The amount of taxes = $340
The total amount for the loan that is taken is
= 5000 - 500 +340
= $4840
Learn more about loan, here:
https://brainly.com/question/11794123
#SPJ1
Which of the following does not represent a copyright?
Answers
Answer:
what are the options so i can help.
Explanation:
What are some benefits of using computers for accounting purposes?.
Answers
9 Advantages to Using Computerised Accounting Systems
Automation. To make sure that all calculations are correct and accurate it is important to use something other than pen and paper. ...
Data Access. ...
Accuracy. ...
Reliability. ...
Speed. ...
Security. ...
Scalable. ...
Visuals.
Why is it important to know that a market economy is characterized by interdependence?
Answers
Answer:
Interdependence is important because people specialize and trade their production in markets for other products they need. The circular flow of income shows the interdependence of the economy.
Explanation:
Trust me this is right.
Eduardo is currently involved in FBLA (Future Business Leaders of America). He has dreams to work on Wall Street. Assuming he will continue down the same career path, which professional organization would Eduardo most likely be a part of in the future?
SAG
AFP
AASA
DECA
Answers
Eduardo will most likely be involved with the DECA.
The Distributive Education Clubs of America (DECA) or more commonly referred to simply as DECA, is a student empowerment organization that aims to help emerging leaders such as Eduardo in the areas of:
Finance Business Marketing Hospitality and othersThey are available in both colleges and high schools and have helped hundreds of thousands of students.
In conclusion, if Eduardo keeps going down the finance path, he might end up with DECA.
Find out more at https://brainly.com/question/13093910.
Answer: the answer is DECA!
explanation: im taking the test in edunuity right now.
HOPE IT HELPS
How often are financial statements
released?
Answers
Answer:
Once per year
Explanation:
The law requires businesses to prepare their financial statements and reports every year or twelve months. A business's financial period should not exceed 12 months. All firms must prepare their financial reports to the relevant stakeholders at the end of every financial period.
Shareholders, investors, business partners, and the government are some of the users of the company's financial reports. The law expects the business to present their financial statements at the end of every period. However, companies may prepare reports in between the financial period for their internal use.
the common objectives that businesses have when they engage in a sport sponsorship include select one or more: a. showcase unique product features, technologies, or advantages b. alter or reinforce the public perception of the company c. gain unique opportunities in terms of hospitality and entertainment
Answers
Businesses engage in sports sponsorships for various reasons, and the common objectives may include showcasing unique product features, altering public perception, and gaining unique opportunities in hospitality and entertainment.
Showcasing unique product features (a) allows businesses to demonstrate their technologies and advantages to a wide audience. By sponsoring sports events, they can create a strong association between their products and the excitement of the game, potentially attracting new customers. Altering or reinforcing public perception of the company (b) is another common objective. Sports sponsorships can help businesses shape their image and connect with fans on an emotional level, which may lead to increased brand loyalty and recognition.
Lastly, gaining unique opportunities in terms of hospitality and entertainment (c) allows businesses to create memorable experiences for their clients and partners. These events provide excellent networking opportunities, enabling companies to build stronger relationships with key stakeholders. Overall, sports sponsorships offer businesses a chance to promote their products, enhance their brand image, and create valuable connections, all while supporting the sports industry.
Learn more about sports sponsorships here-
https://brainly.com/question/31257061
#SPJ11
1. What are the implications of a strong dollar
to U.S. trading partners?
2. How does this benefit or harm, American consumers?
3. Does it benefit American workers?
Answers
1. Implications of a strong dollar to U.S. trading partners: A strong dollar makes imports cheaper for Americans and exports more expensive for foreign countries.
Therefore, U.S. trading partners may struggle to sell their goods in the United States because of the increased cost. In contrast, American consumers will benefit from the lower prices of imported goods.
2. How this benefits or harms American consumers: A strong dollar can be beneficial to American consumers because they can purchase imported goods for a lower price. On the other hand, this could be detrimental to domestic producers who may not be able to compete with cheaper imports.
3. Does it benefit American workers: It is uncertain whether a strong dollar benefits American workers. The depreciation of a country’s currency typically makes exports cheaper and more attractive to foreign consumers, resulting in increased demand for domestically manufactured products and increased employment. However, the appreciation of the dollar could cause foreign consumers to buy cheaper goods from abroad, lowering demand for domestically made products and resulting in job loss.
Learn more about country’s currency: https://brainly.com/question/1833440
#SPJ11
Best Coffee Enterprises is dealing in a variety of coffee like Expresso, Cappuccino, and Caffe latte etc. It has several outlets in the city. It has a good financial standing and enjoys a good reputation in the market. It purchases high-quality coffee beans from Global Traders and pays them at a future date. Briefly explain the source of finance given by Global Traders to Best Coffee Enterprises.
Answers
Different sources of finance exist operated by various companies. Global Traders exist offering Trade Credit as a source of finance to the Best Coffee enterprises. Trade credit exists as a business-to-business (B2B) arrangement in which a customer can buy goods without spending cash up front, and delivering the supplier at the latest scheduled date.
What are the features of trade credit?It exists referred to as the payment holds authorized by the creditor for a specified period for their raw material.It exists usually comprehended as an instant source of finance.It usually occurs in B2B businesses where the payees exist and desired to pay within their established deadline.Trade credit exists as a business-to-business (B2B) arrangement in which a consumer can buy goods without spending cash up front, and paying the supplier at a later scheduled date. Usually, companies that work with trade credits will give customers 30, 60, or 90 days to pay, with the transaction recorded through an invoice.
To learn more about trade credit refer to:
https://brainly.com/question/18648957
#SPJ9
on june 30, 2024, moran corporation issued $10.0 million of its 8% bonds for $9.0 million. the bonds were priced to yield 10%. the bonds are dated june 30, 2024. interest is payable semiannually on december 31 and july 1. if the effective interest method is used, by how much should the bond discount be reduced for the six months ended december 31, 2024?
Answers
The bond discount should be reduced by $50,000 for the six months ended December 31, 2024. This is because the effective interest method requires the discount on bonds to be amortized over the life of the bonds.
The bond discount is the difference between the face value ($10 million) and the issue price ($9 million). Thus, the bond discount is $1 million. The interest rate of 10% is applied to the bond discount of $1 million and divided by two to get the amount to be amortized each six months. Therefore, the bond discount should be reduced by $50,000 ($1 million * 10% / 2) for the six months ended December 31, 2024.
To know more about bond discount click here
https://brainly.com/question/29689720
#SPJ4
peterson foods manufactures pumpkin scones. for january 2019, it budgeted to purchase and use 15,000 pounds of pumpkin at $0.89 per pound. actual purchases and usage for january 2019 were 16,000 pounds at $0.82 per pound. peterson budgeted for 60,000 pumpkin scones. actual output was 60,800 scones. 1. under a flexible budget, what is the direct materials variance? 2. compute the price and efficiency variances. 3. discuss these variances and provide a potential explanation for them.
Answers
1) The direct materials variance under a flexible budget is $8,900. 2) Price Variance is $-1,120 (Unfavorable) and Efficiency Variance is $890 (Favorable) 3) These variances suggest that Peterson Foods was able to produce more pumpkin scones than budgeted at a lower expected cost
The direct materials variance can be calculated using the formula: Direct Materials Variance = (Actual Quantity of Material Used x Standard Price) - (Standard Quantity of Material Allowed x Standard Price)
Using the given information, we can calculate the direct materials variance as: Direct Materials Variance = (16,000 x $0.89) - (15,000 x $0.89) = $8,900 (Favorable), Therefore, the direct materials variance under a flexible budget is $8,900 (Favorable).
The price and efficiency variances can be calculated as follows: Price Variance = (Actual Price - Standard Price) x Actual Quantity of Material Used Price Variance = ($0.82 - $0.89) x 16,000 = $-1,120 (Unfavorable)
Efficiency Variance = (Actual Quantity of Material Used - Standard Quantity of Material Allowed) x Standard Price, Efficiency Variance = (16,000 - 15,000) x $0.89 = $890 (Favorable)
Therefore, the price variance is $-1,120 (Unfavorable), and the efficiency variance is $890 (Favorable). The favorable direct materials variance indicates that the actual cost of materials used was less than the budgeted cost. The unfavorable price variance suggests that the actual cost of the pumpkin was lower than expected.
This may be due to favorable market conditions or a negotiated discount from the supplier. The favorable efficiency variance indicates that the actual quantity of materials used was less than the budgeted quantity, which could be due to improved production processes or better inventory management.
Overall, This could be due to a combination of improved production processes, better inventory management, and favorable market conditions. The variances can be used by Peterson Foods to identify areas of success and areas for improvement in their production processes and cost management strategies.
Know more about Materials Variance here:
https://brainly.com/question/13375811
#SPJ11
it is around labor day weekend. us open is in full swing. you know that this time of the year your demand for tennis racquets increases. how do your costs identified in part a change in this situation assuming you are increasing your lot size to meet the anticipated demand?
Answers
While the number of orders may stay the same, inventory holding costs rise with an increase in average inventory. As a result, overall costs rise.
The expenses incurred for keeping goods or inventory in a warehouse are known as inventory holding costs. Inventory that is kept on hand is a liability that reduces profit margins and raises operating costs for firms. Inventory holding expenses include rent for the facility, security fees, depreciation costs, and insurance.
An estimation of the worth or quantity of a certain commodity or group of goods over two or more specified time periods is known as average inventory. The median value of the same data set may differ from the average inventory, which is the mean value of an inventory during a specific time period.
About the weekend of Labor Day. US Open is currently underway. You are aware that your need for tennis racquets rises at this time of year so as a result, even if the number of orders may remain constant, inventory holding costs rise as average inventory levels rise. Costs as a whole increase as a result.
To know more about Inventory Management, refer to this link:
https://brainly.com/question/26533444
#SPJ4
Question 14 of 20
Why might health care costs be less of a concern for a British company than
an American company?
A. America has stronger laws that regulate health care.
B. American companies do not provide health care to employees.
C. Britain allows its citizens to seek foreign treatment.
D. Britain has a system providing free universal health care.
Answers
Answer:
A
Explanation:
America has strong laws regulate health care
Answer:
its D - Britain has a system providing free universal health care.
Explanation: