It receives most of its inventory about three months in advance of the summer season, but it is not able to pay for the inventory upfront. Instead, its suppliers allow Surf 'N' Sun to use its inventory as collateral. This type of agreement is called D) secured short-term financing.
Inventory is the goods or materials an enterprise intends to sell to customers for profit. stock management, a crucial detail of the delivery chain, is the monitoring of inventory from producers to warehouses and from those facilities to a degree of sale.
A skills inventory is a compilation of the abilities, schooling, and studies of contemporary employees. businesses use those inventories to assess whether the modern teams of workers can meet the organization's desires. know-how of the business enterprise's pool of modern abilities/competencies and destiny ability necessities aids in strategic making plans efforts.
Learn more about inventory here https://brainly.com/question/26977216
#SPJ4
Describe at least two capital investments that would increase growth for your business. In other words, how might you expand the frontier of your production possibilities curve? Explain how your capital investments would help, and classify each investment by category: facilities, equipment, labor, marketing, or expansion. (Business would be making baked goods and drawings.
While the second would fall under marketing. Other potential capital investments for a business like this might include expanding facilities (such as renting a larger kitchen or office space), hiring additional labor to increase production, or expanding the product line to include new baked goods or artwork.
What is Capital Investment?
Capital investment refers to the purchase of long-term assets or investments that are expected to provide benefits for the company over a prolonged period. These investments are intended to generate income or increase productivity and efficiency, rather than be used for immediate consumption.
Online Marketing Campaign (Marketing): Another way to expand the business could be to invest in an online marketing campaign. This might involve hiring a marketing consultant to develop a social media strategy or creating targeted ads to reach a wider audience.
Learn more about Capital Investment from the given link
https://brainly.com/question/20360874
#SPJ1
Which of the following is true? Select one: a. The GDP gap is the difference between full-employment real GDP and actual real GDP. b. We desire economic growth because it increases the nation ’s standard of living. c. Economic growth is measured by the annual percentage increase in a nation\’s realșPP. d. Discouraged workers are a reason critics say the unemployment rate is understated. e. All of the above are true.
The correct answer is e. All of the above are true. The GDP gap measures the difference between full-employment real GDP and actual real GDP. Economic growth improves the nation's standard of living. Economic growth is measured by the annual percentage increase in real GDP. Discouraged workers can lead to an understatement of the unemployment rate.
a. The GDP gap is the difference between full-employment real GDP and actual real GDP. Full-employment real GDP represents the potential output of an economy when all resources are fully utilized. Actual real GDP, on the other hand, represents the current level of output. The GDP gap measures the difference between these two figures, indicating the amount of slack or unused resources in the economy.
b. We desire economic growth because it increases the nation's standard of living. Economic growth refers to an increase in the production and consumption of goods and services in an economy over time. When an economy grows, it generates more income and job opportunities, leading to higher living standards for its citizens.
c. Economic growth is measured by the annual percentage increase in a nation's real GDP. Real GDP measures the value of all final goods and services produced in an economy, adjusted for inflation. The annual percentage increase in real GDP provides a measure of economic growth over a specific period.
d. Discouraged workers are a reason critics say the unemployment rate is understated. Discouraged workers are individuals who have given up looking for a job due to their belief that there are no suitable opportunities available. Since they are not actively seeking employment, they are not counted in the official unemployment rate, potentially leading to an understatement of the true level of unemployment.
Learn more about Economic growth
https://brainly.com/question/1690575
#SPJ11
Prepare journal entries to record the following transactions entered into by the Valente Company: (Credit account titles are automatically indented when the amount is entered. Do not indent manually. ) 2020 June 1 Received a $10,000, 12%, 1-year note from Andrea Foley as full payment on her account. Nov. 1 Sold merchandise on account to Patton, Inc. For $12,000, terms 2/10, n/30. Nov. 5 Patton, Inc. Returned merchandise worth $500. Nov. 9 Received payment in full from Patton, Inc. Dec. 31 Accrued interest on Foley's note. 2021 June 1 Andrea Foley honored her promissory note by sending the face amount plus interest. No interest has been accrued in 2021
The Journal entries are prepared for Valente Company.
1. Date Accounts and Explanation Debit Credit
2020 June 1 Notes Receivable $10,000
To Andrea Foley $10,000
(Being notes receivable is recorded)
2. Date Accounts and Explanation Debit Credit
Nov. 1 Patton, Inc. $14,000
To Inventories $14,000
(Being inventory is recorded)
3.Date Accounts and Explanation Debit Credit
Inventories $500
Patton, Inc $500
(Being inventory is recorded)
4..Date Accounts and Explanation Debit Credit
Cash $11,270
Discount $ 230
To Barlow $11,500
(Being cash received is recorded)
Patton, Inc invoice transactions:
12,000 invoice nominal
- $500 returned goods
$11,500. amount subject to discount of 2%
- 230 discount as collected within first ten days
11,270cash proceeds
6.Date Accounts and Explanation Debit Credit
Cash $12,600
To Interest revenue $600
($12,000 × 12% × 5 ÷ 12)
To Notes receivable $12,000
(Being cash received is recorded)
Learn more about Journal entries here:https://brainly.com/question/16892390
Who sets the price in a monopolistic competition?
Producers and consumers
Consumers only
Government
Producers only
Answer:
Consumers and producers
Explanation:
so A on edg 2021
The Producers and consumers set the price in a monopolistic competition.
What is a monopolistic competition?This is a competition that occurs in the market place due to the fact that there are a lot of firms offering similar products that are not identical.
In this type of market the price setting is done by those that consume the products and the product makers.
Read more on monopolistic competition here:
https://brainly.com/question/24877850
The infographic suggests making small payments on your student loans even before they’re due, yet that won’t automatically get you a credit card. What would be the benefit of making these early loan payments?
The benefit that a student can obtain by paying off his student loan before the due date is that his debt is diminishing.
What is a student loan?
A student loan is an aid offered by some public and private entities to those students who are going to start their university studies to lend them the money that their degree is worth.
These entities then establish fees that the student must pay from time to time. However, several of these entities charge interest and other percentages for lending this money to students.
What is the benefit of making small advance payments?
The benefit of paying in advance is that the student will pay off his loan more quickly, which will free him/her from paying higher interest in the future.
Note: This question is incomplete because the infographic is missing. However I can answer it based on my prior knowledge.
Learn more about infographics in: https://brainly.com/question/14267721
Answer:
The benefit of paying off a student loan before the due date is that the student's debt is reduced.
Demand-pull inflation occurs when the price of goods rises suddenly and extremely fast. consumers begin purchasing more goods. producers need more money to make and distribute goods. the government prints more money and pushes prices up.
Answer:
answer is (D)
Explanation:
prices go extremely fast, goods rise, and more money is made.
Answer:
answer is the government prints more money and pushes prices up
Explanation:
Why is it called Chick-Fil-A when a Fil-A (filet) is normally cooked with beef???
which of the following reprehensible actions is clearly a conflict of interest? source: pearson education group of answer choices accepting a secret commission from a supplier for buying the supplier's products. failing to correct or report a situation that may endanger the public. making public statements that are not based on firm knowledge and conviction. stealing an engineering drawing from another person and present it as yours.
Accepting a secret commission from a supplier for buying the supplier's products is a reprehensible action and clearly a conflict of interest.
The reprehensible action that is clearly a conflict of interest is accepting a secret commission from a supplier for buying the supplier's products.
Conflict of interest is a situation in which an individual or organization is involved in multiple interests, one of which could potentially corrupt their decision-making process. The acceptance of a secret commission from a supplier for buying the supplier's products is a conflict of interest because it is a form of bribery, which involves the giving or receiving of something of value in exchange for influence or action.
In this case, the individual receiving the commission has an obligation to act in the best interests of the organization, but their decision-making may be influenced by the commission they receive from the supplier instead of the quality or suitability of the products.
In general, suppliers are expected to follow ethical business practices and not engage in activities that may be seen as bribery or conflicts of interest. In the same manner, the buyers are expected to make decisions based on objective factors like quality, suitability, and price rather than personal gains.
Therefore, accepting a secret commission from a supplier for buying the supplier's products is a reprehensible action and clearly a conflict of interest.
To learn more about supplier click on the given link:
https://brainly.com/question/14885967
#SPJ11
in washburn’s factor, what is the break-even point for the new line of guitars if the retails price is (a) $349, (b) $389, and (c) $309? also, (d) if washburn achieves the sales target of 2,000 units at the $349 retail price, what will its profit be? 13-34
If Washburn achieves the sales target of 2,000 units at the $349 retail price, we still need information about the fixed costs and variable costs per unit to calculate the profit.
Washburn's factor refers to a calculation used to determine the break-even point for a new line of guitars. The formula is as follows: Break-even point = Fixed costs / (Selling price per unit - Variable costs per unit).
To find the break-even point for the new line of guitars with different retail prices, we need to know the fixed costs and variable costs per unit. Without that information, it is not possible to provide an accurate calculation of the break-even point for each retail price of $349, $389, and $309.
Regarding part (d) of the question, if Washburn achieves the sales target of 2,000 units at the $349 retail price, we still need information about the fixed costs and variable costs per unit to calculate the profit. The profit can be calculated using the formula: Profit = (Selling price per unit - Variable costs per unit) * Number of units sold - Fixed costs.
Without the necessary information on fixed costs and variable costs per unit, it is not possible to provide an accurate calculation of the profit Washburn would achieve.
Learn more about sales
https://brainly.com/question/25743891
#SPJ11
Tom Bronson wants to buy a hot, new Tech stock called InnoVest Solutionz. After you advise him of the risks, he decides to buy as much as he can without increasing his portfolio's beta (B) above 1.10. If Tom's current portfolio has B =0.75 and a market value of $250,000 and InnoVest has ß = 2.9, What is the maximum amount of InnoVest that Tom can buy without increasing his portfolio's B above 1.10?
A. $32.895
B. $34,722
C. $46,053
D. $48,611
E. $87.500
Tom can buy a maximum of $48,611 worth of InnoVest stock without increasing his portfolio's beta above 1.10.
To determine the maximum amount of InnoVest stock that Tom can buy without increasing his portfolio's beta (B) above 1.10, we can use the formula:
New Beta = [(Current Portfolio Beta ×Current Portfolio Value) + (InnoVest Beta ×InnoVest Value)] / (Current Portfolio Value + InnoVest Value)
Let's plug in the given values:
New Beta = [(0.75 ×$250,000) + (2.9 ×InnoVest Value)] / ($250,000 + InnoVest Value)
We want to find the maximum InnoVest value that keeps the New Beta below or equal to 1.10. So, we can set up the following inequality:
1.10 ≥ [(0.75 ×$250,000) + (2.9 ×InnoVest Value)] / ($250,000 + InnoVest Value)
To solve this inequality, we can start by cross-multiplying and simplifying:
1.10 ×($250,000 + InnoVest Value) ≥ (0.75 * $250,000) + (2.9 ×InnoVest Value)
Now, let's solve for InnoVest Value:
275,000 + 1.10 ×InnoVest Value ≥ 187,500 + 2.9 ×InnoVest Value
1.10 ×InnoVest Value - 2.9 ×InnoVest Value ≥ 187,500 - 275,000
-1.80 ×InnoVest Value ≥ -87,500
Dividing both sides by -1.80 gives:
InnoVest Value ≤ -87,500 / -1.80
InnoVest Value ≤ 48,611.11
Since we are looking for the maximum amount of InnoVest stock that Tom can buy, the answer is option D: $48,611.
Therefore, Tom can buy a maximum of $48,611 worth of InnoVest stock without increasing his portfolio's beta above 1.10.
To know more about stock visit;
brainly.com/question/31940696
#SPJ11
On December 1, Victoria Company signed a 90-day, 7% note payable, with a face value of $10,800. What amount of interest expense is accrued at December 31 on the note
The amount of interest expense accrued at December 31 on the 90-day, 7% note payable with a face value of $10,800 is $63.
To calculate the interest expense accrued on the note payable, we need to determine the time period for which interest has accrued. In this case, the time period is from December 1 to December 31, which is 31 days.
The formula to calculate interest expense is:
Interest Expense = Principal × Interest Rate × Time
Given that the face value of the note is $10,800 and the interest rate is 7%, we can substitute these values into the formula:
Interest Expense = $10,800 × 7% × (31/365)
Calculating the above expression gives us:
Interest Expense = $63.04 (rounded to the nearest dollar)
Therefore, the amount of interest expense accrued at December 31 on the note is $63.
Learn more about Interest Expense here:
https://brainly.com/question/33177136
#SPJ11
EXERCISE 3–8 Applying Overhead; Journal Entries; Disposing of Underapplied or Overapplied Overhead LO3–1, LO3–2, LO3–4
The following information is taken from the accounts of Latta Company. The entries in the T-accounts are summaries of the transactions that affected those accounts during the year.
1. The actual manufacturing cost for the year would be a.When applied to the Work in Process, b would be the Manufacturing Overhead. The cost of manufactured goods for the year is c.
d is the Cost of Goods Sold as reported in the account with the same name.
2.80,328 dollars were spent on the cost of the goods sold in DR.
CR Manufacturing Overhead $83,328
3.DR Work in Progress $5,472
Finished Goods $13,152
64,704 dollars was spent on the cost of the goods sold.
CR Manufacturing Overhead $83,328
Working
The distribution of overhead is as follows;
Work in progress: ($5,472; 27,360/416,000*83,328);
Finished Goods = 65,760/416,640*83,328 = 13,152 dollars.
Cost of Goods Sold = 323 520 / 416 640 * 83 328 = 64 704 dollars
To know more about manufacturing cost, click the below link
https://brainly.com/question/14987071
#SPJ4
The complete question is :
Exercise 3-8 Applying Overhead; Journal Entries; Disposing of Underapplied or Overapplied Overhead [LO3-1, LO3-2, LO3-4] The following information is taken from the accounts of Latta Company. The entries in the T-accounts are summaries of the transactions that affected those accounts during the year. Manufacturing Overhead (a) 499,968 (b) 416,640 Bal. 83,328 Work in Process Bal. 5,360 (c) 778,000 319,500 93,500 (b) 416,640 Bal. 57,000 Finished Goods Bal. 33,000 (d) 674,000 (c) 778,000 Bal. 137,000 Cost of Goods Sold (d) 674,000 The overhead that had been applied to production during the year is distributed among Work in Process, Finished Goods, and Cost of Goods Sold as of the end of the year as follows:
Work in Process, ending $ 27,360
Finished Goods, ending 65,760
Cost of Goods Sold 323,520
Overhead applied $ 416,640
For example, of the $57,000 ending balance in work in process, $27,360 was overhead that had been applied during the year. Required:
1. Identify reasons for entries (a) through (d).
2. Assume that the underapplied or overapplied overhead is closed to Cost of Goods Sold. Prepare the necessary journal entry.
3. Assume that the underapplied or overapplied overhead is closed proportionally to Work in Process, Finished Goods, and Cost of Goods Sold. Prepare the necessary journal entry.
write the different profession and human resources related to engineering and explain any two of them
Answer:
The professions related to engineering includes
Mechanical engineering
Biomedical engineering
Electronics engineering
Chemical (process) engineering
Petroleum engineering
Materials engineering
Human resources related to engineering includes
Welders
Mechanics
Plumbers
Electricians
Fitters
Carpenters
Brick layers
Operators
Machinist
Explanation:
Mechanical engineering profession
Mechanical engineering profession focuses on the branch of engineering that is related to designing, construction, and implementation of machine that provides energy, force or motion, in industry, homes, school, or office to meet the needs of the society
Welder
A welder is a person that regularly makes use of equipment meant for welding to create acceptable quality welds
Name three primary objectives for human resource departments on social media.
Answer:
Three common objectives for HR social media are strong internal social media platforms supporting the corporate culture, building internal social media channels and personas representing employees, and establishing a strong brand name on the main social media platforms supporting the business strategy.
Explanation:
Hope This Helps!
What is the formula for simple interest? a. (rate) times (interest) = (principal) times (time) c. startfraction interest over rate endfraction = startfraction principal over time endfraction b. interest = (principal) times (rate) times (time) d. rate = (interest) times (principal) times (time)
Option b is correct.
Simple interest is calculated with the following formula-
S.I. = P × R × T, where
P = Principal,
R = Rate of Interest in % per annum, and therefore is written as r/100.
T = Time, generally calculated as the number of years.
Principal- The principal is the amount that is borrowed from the lender. The principal is described by P.
Rate- Rate is the rate of interest at which the principal amount is lend to someone for a definite time. The rate of interest is described by R.
Time- Time is the period for which the principal amount is lend to someone. Time is described by T.
Amount- The total returnable amount (the principal amount borrowed along with the interest amount), is known as Amount.
Simple interest is a procedure to measure the amount of interest charged on a total at a given rate of interest and for a given period of time. In simple interest, the principal amount remains same.
To learn more about Simple interest here
https://brainly.com/question/25845758
#SPJ4
•
Your Assignment, Part III
As the final part of this assignment, you will apply your understanding of tort law to scenarios in which a business is the defendant (or defendant tort-feasor). For each scenario, describe the specific type of tort case being brought against the defendant. Then, explain what the defendant will need to prove in order to get a ruling in their favor. Finally, describe the penalty that may be assigned to the defendant if the court rules against them.
1. Mr. Shanks goes to Hyperion Hospital to have a diseased kidney removed. After the surgery, he finds that his symptoms come back and grow even worse. When he returns to the hospital to find out what is happening, the hospital staff discovers that the surgeon removed Mr. Shanks’ healthy kidney instead of the diseased one.
a. What specific type of tort case against the business would this be? Explain.
b. What conditions does the plaintiff need to prove? What specific proof (if any) does the plaintiff have in this scenario? Organize this information into a table.
c. What penalty may the defendant expect (if any) as the outcome of this tort case, and why?
2. Two energy drink companies, Red Hornet and Blackout, have been competing with each other for years. In Blackout’s latest ad campaign, they have Red Hornet’s cartoon mascot making disparaging comments about its own product. Blackout’s ad also includes false claims that Red Hornet uses ingredients grown using slave labor. After the ad campaign runs, Red Hornet notices a drop in its energy drink sales.
a. What specific type of tort case against the business would this be? Explain.
b. What conditions does the plaintiff need to prove? What specific proof (if any) does the plaintiff have in this scenario? Organize this information into a table.
c. What penalty may the defendant expect (if any) as the outcome of this tort case, and why?
3. Larissa works at Opalescent, a high-end jewelry store. A customer comes in on a very busy day and complains about how long it takes for anyone to assist him. Larissa apologies, but the customer continues to complain. The customer, a very large man, soon begins insulting her personally and threatening her with violence. Larissa hits him with pepper spray, incapacitating him.
a. What specific type of tort case against the business would this be? Explain.
b. What conditions does the plaintiff need to prove? What specific proof (if any) does the plaintiff have in this scenario? Organize this information into a table.
c. What penalty may the defendant expect (if any) as the outcome of this tort case, and why?
Please Help:)
Answer:
ok
Explanation:
look-out, inc. manufactures and sells home security cameras; related information appears below when 12,000 units were produced and sold: \begin{tabular}{lr} Item &
Total
Cost
\\ \hline Utilities for administrative office space &
$1,200
\\ Rent on factory and equipment & 28,000 \\ Wages for factory manager & 4,000 \\ Advertising (billboard rental) & 800 \\ Salaries for administrative personnel & 64,000 \\ Utilities for factory & 3,500 \\ Cameras, metal cases and wiring & 78,000 \\ Rent on administrative office space & 3,300 \\ Wages for factory assemble staff & 82,000 \end{tabular} a. Identify all costs above as either a product cost (specifically DM, DL or OH) or a period cost (PC).
Product costs: Cameras, metal cases and wiring, Wages for factory assemble staff, Rent on factory and equipment; Wages for factory manager Utilities for factory.
Direct Material (DM): Cameras, metal cases and wiring.
Direct Labor (DL): Wages for factory assemble staff.
Overhead (OH): Rent on factory and equipment; Wages for factory manager; Utilities for factory.
Product cost relates to the production of a service or good that a client or customer purchases. Product costs can include inventory by retailers since they sell their goods on the open market. Product costs pertain to how much of a product a company produces in addition to whether the amount produced exceeds the demand.
Period Costs: Rent on administrative office space, Advertising (billboard rental) Salaries for administrative personnel.
Period costs solely account for sales, general and administrative (SG&A) costs for a team. If a team operates in a corporate setting and has a separate manufacturing facility, the cost of the corporate office is a period cost. Any costs for the sales and marketing department on a product are also under this category.
Learn more about period cost here: https://brainly.com/question/30479148
#SPJ11
9. If you found that you were in financial trouble because of credit and had great difficulty paying your monthly bills, what would you do?
Answer:
You would have to cut down on some luxuries, like lots of foods, amusement parks, shopping trips, etc. If you have have extra hours, work more hours, quite possibly take another job.
Explanation:
when someone get troll and can't take a joke what would you do?
Answer:
Call them a bitc h
Explanation:
Answer:
Get rick rolled
Explanation:
-.-
every month a group of workers at orkden pharmacy meets at the company head office to discuss issues pertaining to equipment maintenance, workplace safety, and drug quality. the workers provide suggestions to the top management about how to solve most of these problems, but the decision to take any action is completely up to the top management. this group is an example of a(n)
Every month a group of workers at orkden pharmacy meets at the company head office to discuss issues pertaining to equipment maintenance, workplace safety, and drug quality. the workers provide suggestions to the top management about how to solve most of these problems, but the decision to take any action is completely up to the top management. this group is an example of employee involvement team
What is employee involvement?Employee involvement is defined as the active participation of employees in a company's mission and goals by contributing their own knowledge, skills, and energy to problem-solving and decision-making.
At the company's headquarters, a group of orkden pharmacy employees gather once a month to discuss concerns regarding workplace safety, equipment upkeep, and drug quality. Most of these issues are addressed by the workers' suggestions to the top management, but the choice to take any action is entirely up to the top management. This team is an illustration of an employee involvement group.
Learn more about employees on:
https://brainly.com/question/3588787
#SPJ1
Determine the correct sequence of the following events from start to finish.
-The kitchen staff prepares the dishes.
-Fatima, the expediter,checks the order before the server picks them up.
-Lara then transmits the order to the kitchen
-Lara takes the order from the customer and notes down.
-Brian, the chef, estimates the time each dish will require for preparation
-Lara retrieves the order and delivers it to her customer
The correct sequence of the events from start to finish is:
-Lara takes the order from the customer and notes down.Lara then transmits the order to the kitchenBrian, the chef, estimates the time each dish will require for preparationThe kitchen staff prepares the dishes.Fatima, the expediter,checks the order before the server picks them up.Lara retrieves the order and delivers it to her customerWhat is the sequence of ordering food in a restaurant?The first thing that happens is that the waiter picks up the order from the customer and takes note of it. The order will then go to the kitchen where the chef will estimate how long the order will take to be prepared.
The expediter will then check the order when the meal is done but before the waiter picks it up. The waiter than delivers to the order.
Find out more on sequence of events at https://brainly.com/question/24613604
#SPJ1
Dr. Montgomery recently graduated from medical school and his wife bought him an engraved stethoscope. The stethoscope cost $160. 0. The sales tax in his city is 8%. What is the total cost of the stethoscope in dollars and cents including sales tax?.
That's correct :)
Using the theory of Supply and Demand, which of the following would we predict:
A) We observe prices increasing after we observe some change that might create a shortage.
B) We observe prices increasing after we observe some change that might create a surplus.
C) We observe prices decreasing after we observe some change that might create a shortage.
D) We observe a shortage after we observe some change that creates a price increase.
D) We observe a shortage after we observe some change that creates a price increase.
According to the theory of supply and demand, when there is an increase in demand or a decrease in supply, it leads to a shortage in the market. As a result, prices tend to increase. This is because the quantity demanded exceeds the quantity supplied at the prevailing price, creating an imbalance.
Suppliers may respond to the price increase by adjusting their production levels or increasing prices further to maximize profits. The shortage indicates that the market is not in equilibrium, and the higher prices serve as a signal to allocate the limited supply among competing buyers. Therefore, option D is the prediction that aligns with the theory of supply and demand.
Learn more about supply and demand here: brainly.com/question/30361641
#SPJ11
Solve the problem. round to the nearest cent. stan’s savings account has a balance of $2257. after 5 years, what will the amount of interest be at 10% compounded quarterly? a. $1432.36 c. $112.85 b. $1446.36 d. $1441.36
The addition of interest to the loan or deposit principle is known as compound interest. The amount of interest compounded at 10% weekly after 5 years is $1441.36.
Compound interest:
Compound interest, often known as interest on interest, is the practise of adding interest to the principle amount of a loan or deposit. This is what happens when money is reinvested rather than paid out, resulting in interest being paid on both the principle and interest already collected in the next quarter.
A=P(1+(r/n)^nt)
where A is the final sum.
P represents the primary sum.
The interest rate is r.
The number of interest charges made in a year is n.
The number of years is t.
Stan has a $2257 amount in his savings account. Consequently, following five years, the balance will be,
A=$2257(1+(0.1/4)(4*5))
= $2257(1.6386) (1.6386)
= $3698.36
Now, the interest rate will be,
Interest calculated as: $3698.36 - $2257
= $1441.36
For such more question on savings
https://brainly.com/question/25787382
#SPJ4
Activity Based Costing systems would probably provide the greatest benefits for organizations that use:
a. Absorption costing
bA process costing
c. Job order costing
d. Standard costing
Dolban Company reported the following information about the production and sales of its only product during its first month of operations: Sales ($225 per unit) $360 000 Direct materials used $176 000 Direct Labour $100 000 Variable factory overhead $44 000 Fixed factory overhead $80 000 Variable selling and administrative expenses $20 000 Fixed selling and administrative expenses $10 000 Ending Inventories: Finished goods 400 units The cost of producing one unit of the product using absorption costing would be:
a. $225
b. $170
c. $160
d. $200
Two (2) products X and Y are made using similar equipment and methods. The data for the last period are shown below. What is the OAR using labour hour?
a. $22 per hour
b. $15 per hour
c. $12 per hour
d. $18.85 per hour
Which of the following are characteristics of job costing? i. Homogeneous products ii. Custom-driven productioniii. Complete production possible within a single accounting period
a. i, ii and iii
b. i and iii only
c. ii and iii only
d. i only
Activity Based Costing (ABC) systems would probably provide the greatest benefits for organizations that use c. Job order costing. The overhead application rate (OAR) using labor hours is none of the provided options (a, b, c, d) match the correct OAR using labor hour.. Characteristics of job costing are b. i and iii only.
Activity Based Costing (ABC) systems would probably provide the greatest benefits for organizations that use:
c. Job order costing
Job order costing involves the production of unique, custom-made products or services. ABC systems are particularly useful in job order costing environments because they allocate costs based on the specific activities and resources used for each job. This allows for more accurate cost tracking and helps in identifying areas of inefficiency or opportunities for cost reduction.
In the given scenario, the cost of producing one unit of the product using absorption costing can be calculated as follows:
Direct materials used: $176,000
Direct labor: $100,000
Variable factory overhead: $44,000
Fixed factory overhead: $80,000
Total production cost: $176,000 + $100,000 + $44,000 + $80,000 = $400,000
Total units produced: Sales / Sales price per unit = $360,000 / $225 = 1,600 units
Cost per unit using absorption costing: Total production cost / Total units produced = $400,000 / 1,600 = $250
Therefore, the cost of producing one unit of the product using absorption costing would be:
d. $200
To determine the overhead application rate (OAR) using labor hours, we need to divide the total overhead costs by the total labor hours:
Total overhead costs: Variable factory overhead + Fixed factory overhead = $44,000 + $80,000 = $124,000
Total labor hours: Product X labor hours + Product Y labor hours = 2,400 hours + 1,600 hours = 4,000 hours
OAR using labor hour: Total overhead costs / Total labor hours = $124,000 / 4,000 hours = $31 per hour
Therefore, none of the provided options (a, b, c, d) match the correct OAR using labor hour.
Characteristics of job costing are:
b. i and iii only
i. Custom-driven production: Job costing is used for custom-made or unique products where each job has specific requirements.
iii. Complete production possible within a single accounting period: Job costing is typically used for jobs that can be completed within a single accounting period. The costs can be allocated to specific jobs and tracked individually.
Therefore, the correct answer is option b. i and iii only.
To know more about costing visit :
https://brainly.com/question/31579745
#SPJ11
A demand schedule is a numerical tabulation of the ___________________ of a good at different ____________________.
A table showing in numbers or figures the number of goods demanded and the various prices at which they were demanded is called a Demand Schedule.
How is a Demand Schedule used?The demand schedule is very useful because it shows the relationship between the quantity demanded and the price at each point.
The demand schedule will help the seller or manufacturer to discover what type of demand the product is exhibiting.
It is important to note that demand schedules, all things being equal will follow the law of demand which states that the price and demand will usually go in opposite directions.
See the link below for more about Demand Schedules:
https://brainly.com/question/3292602
Features of wealth definition
10
The collection of interactions a company has with a customer who has already purchased a product is
called
When dealing with customers face-to-face, a good customer service technique is
to
When speaking with customers over the phone, it is important to be aware of
can change the meaning of what is said.
If the customer appears to be frustrated the company service agent should try to understand the situation and should be familiar with situation.
What is a customer service technique?
A good service technique is a face-to-face interaction, first listen, summarize the problems, and repeat one should try to get a detailed insight into the problem and understand the client's frustration they should remember to tackle the situation carefully. They should have patience, empathy, and other qualities.
What are three important technique of customer service?
Essentially, the three "p"s of professionalism, patience, and a "people-first" mindset are the three key components of good customer service. Although each customer's experience with customer care is unique, as long as you're adhering to these rules, you're on the right route.
You can find out more about customer service on the link below:-
https://brainly.com/question/4110146
#SPJ13
Answer:
The collection of interactions a company has with a customer who has already purchased a product is
called
✔ customer service
.
When dealing with customers face-to-face, a good customer service technique is
to
✔ maintain eye contact
.
When speaking with customers over the phone, it is important to be aware of
✔ tone of voice
because it can change the meaning of what is said.
Actually got it right.
Have a good one!
Give four items of information you would expect to find on a statement of account
Answer:
An overall balance. This might be positive (if the customer owes you money), negative (if you own them money), or at 0 (if all payments have been settled).
A date range. You might create an account statement that covers a specific month, year, or quarter – or you might want to show every single transaction between you and your customer. Either way, the dates should be clear.
Every transaction made within the specified date range, including sales (paid upfront or on credit), payments, and refunds. You should list the date and value of each transaction.
Document numbers to support each transaction. This might include the numbers from invoices, credit notes, or payment receipts.
Contact details for you and your customer – including company name, address, phone number, or email address.
A currency. This is particularly important if you have customers abroad. Even if you have transactions in multiple currencies, an account statement should only be in one.
I hope i helped! xoxo
4. ¿Which viability factor involves the potential funding of a business opportunity?
The viability factor that involves the potential funding of a business opportunity is value creating.
What is value creating?Value creating can be defined as the process of turning something into what will meet the needs of people or turning resources into something valuable that will benefit people.
Value creation is essential for companies as it enables them to earn or generate more profit or revenue.
Therefore the viability factor that involves the potential funding of a business opportunity is value creating.
Learn more about value creation here:https://brainly.com/question/14172103
#SPJ1