Tiptop Flight School offers flying lessons at a small municipal airport. The school's owner and the manager have been attempting to evaluate performance and control costs using a variance report that compares the planning budget to actual results. A recent variance report appears below:

Tiptop Flight School
Variance Report
For the Month Ended July 31
Actual Results Planning Budget Variances
Lessons 155 150
Revenue $33,900 $33,000 $900 F
Expenses:
Instructor wages 9,870 9,750 120 U
Aircraft depreciation 5,890 5,700 190 U
Fuel 2,750 2,250 500 U
Maintenance 2,450 2,330 120 U
Ground facility expenses 1,540 1,550 (10) F
Administration 3,320 3,390 (70) F
Total expense 25,820 24,970 850 U
Net operating income $8,080 $8,030 $50 F
After several months of using such variance reports, the owner has become frustrated. For example. she is quite confident that instructor wages were very tightly controlled in July. but the report shows an unfavorable variance. The planning budget was developed using the following formulas, where q is the number of lessons sold:

Cost Formulas
Revenue $220 q
Instructor wages $65 q
Aircraft depreciation $38 q
Fuel $15 q
Maintenance $530 + $12 q
Ground facility expenses $1,250 + $2 q
Administration $3,240 + $1 q
Required:

1. Should the owner feel frustrated with the variance reports? Explain.

2. Prepare a flexible budget performance report for the school for July.

3. Evaluate the school's performance for July.

If you find a better rate on an external 3rd party channel within 24 hours of making a reservation through one of Marriott's direct channels, the Marriott’s Best Rate Guarantee policy comes into effect.

Marriott’s Best Rate Guarantee policy is a commitment to providing the lowest rate possible. If you find a lower rate within 24 hours of booking through one of Marriott’s direct channels, Marriott will match that rate and offer an additional discount of 25%.

This policy applies to any Marriott brand including Ritz-Carlton, St. Regis, Westin, Sheraton, Aloft, and othersYou need to first book your reservation through Marriott’s direct channels like Marriott.com, the Marriott Mobile app, Marriott Bonvoy app, the Marriott Reservation Center, or directly with the hotel.

After that, you should look for lower rates on other third-party websites. If you find a lower rate within 24 hours, contact Marriott’s Customer Care team, and they will match that rate plus an additional discount of 25%.The policy does come with some terms and conditions.

The lower rate you find on the third-party website must be for the same hotel, same room type, same dates, same number of guests, same currency, and with the same booking conditions. It also excludes rates that are only available to members of certain groups or organizations, package rates that include flights, car rentals, and other amenities, and rates that are not available to the general public

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Answer:

True

Explanation:

If you enter a credit card for a free trial, the card will likely be automatically charged because you have agreed to have your card charged immediately after the free trial period.

Hope this helps! Let me know.

Answer:

Is a D. Public relations

Answer:

c. $6,000

Explanation:

The computation of the amount of the adjustment required to cost of goods sold is shown below:

Estimated manufacturing overhead cost is

= 150% × $180,000

= $270,000

And, the actual overhead cost incurred is $264,000

So, the adjustment amount is

= $270,000 - $264,000

= $6,000

Hence, the correct option is c. $6,000

Answer:

Emotional intelligence means being self-motivated

Self-motivation relates to internal drive. Emotionally intelligent individuals understand the deeper meaning of their goals and the self-motivation skills required to achieve them.

Answer:

The results show that emotional intelligence is positively related to positive emotions and negatively related to negative emotions. Positive emotions positively predict both self-motivation towards physical education classes and resilience. Resilience positively predicts self-motivation.

Answer:

b) 1,250,000

Explanation:

1,000,000+ 250,000 = 1,250,000

According to the company data, it will receive in sponsorship rights each year in total is $ 1,250,000.

The act of monetarily or by the giving of goods or services supporting an occasion, activity, person, or organization is known as sponsoring something (or someone). The sponsor is the person or entity that offers the support; it functions similarly to a benefactor.

An organization sponsors an event when it offers financial support in exchange for marketing benefits. Sponsorships may involve a financial payment in exchange for property or a barter transaction including goods or services.

A brand or affiliation with a firm is promoted in exchange for corporate financial assistance from an organization, person, or activity, which is known as sponsorship. Of sure, sponsorship can raise your brand's value.

Here,

Company pay = $ 1,000,000

Advance amount = $ 250,000

Total sponsorship = $ 1,000,000 + $ 250,000 =  $ 1,250,000

Therefore, according to the company data, it will receive in sponsorship rights each year in total is $ 1,250,000.

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a. The AFC increases from $1.50 to $1.88 after the decrease in sales.

b. The Marginal Costs (MC) do not change.

C. It rises. The company needed to charge $1.85 per paper

The analysis of the answers go thus:

a. The average fixed cost (AFC) was $1.50, which equate the total fixed cost ($1.5 million) divide it by number of papers sold (1 million). By extension,

= $1,500,000/1,000,000).

Assume sales fall by 20% to 800,000 papers sold, the new AFC is $1.88.

= the total fixed cost divided by the new number of papers sold, = $1,500,000/800,000).

Thus, the AFC increases from $1.50 to $1.88 after the decrease in sales.

b. The marginal printing and marginal delivery costs are alike; as a result, marginal costs remains same.

c. To break even before the decline in sales, the company needed to charge enough to cover the AFC, $1.50, and the AVC, $0.35, which is the sum of the printing cost and delivery cost per paper. Thus, the company needed to charge $1.85 per paper. To break even after the decline in sales, the company needs to charge enough to cover the AFC, $1.88, and the AVC, $0.35, which is the sum of the printing cost and delivery cost per paper (note this does not change because the cost is per paper). Thus, the company needs to charge $2.23 per paper.

Therefore, the correct answer is as given above.

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Answer:

a blackjack

hope this helps

have a good day :)

Explanation:

Answer:

Financial mistakes

Explanation:

Answer:

McDonalds! Who doesn't love them, but it's unfortunate to say that Phoenix Jumbo's staffs lacks some customers services and lack of attention towards their customers. Just because we all love mcdonalds does mean you shouldn't have a good way to treat the clients. I had a issue two times with them. I had my order on the online systems found in the store. As I was the only customer in the store they served me enough quick which I was happy but while checking my bag, they forgot to give me my chips as I had ordered a meal combo. I had to return and ask for it. Like where are you guys attention? If it was a busy day I would have understand.

Explanation:

McDonald's goods and services were in high demand by incorporating the ideas of needs and wants because it offers great customer service and use efficient marketing techniques.

McDonald's achieved a great success as it became the leader in the fast food industry with their strong focus on customer service. It offers best customers services, response to competition, and use effective marketing techniques that results in the development.

McDonald's follows a main business strategy to invest advertising & the franchising model, which yield them great profit and brand introduction among the public. It offer fast service, clean environment, higher quality products, that helps them retain their customers.

Basically, McDonalds sustains their competitive advantage by providing more value to the customer.

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Answer:  

The factors or elements in a firm's immediate environment which affect its performance and decision-making; these elements include the firm's suppliers, competitors, marketing intermediaries, customers and publics.

Explanation:

Answer:

\(6 \times y { \sqrt{ > 2fube} }^{2} \)

Answer: Please see below.

Explanation:

The government should punish crimes and enforce voluntary agreements, but not redistribute income----libertarianism

The government should choose policies deemed to be just, as evaluated by an impartial observer behind a "veil of ignorance.----liberalism

The government should choose policies to maximize the total utility of everyone in society--

utilitarianism

---Nehas philosophy here as an impartial observer is void of self interest and is of the opinion that if government be just and equal in it's redistribution by raising the welfare of the poorest people in society, then people will strive to avoid being at the bottom of income distribution, this means that Nehas philosophy seeks policies that are just and therefore is consistent with -liberalism.

Answer:

$578,100

Explanation:

Adjusted Taxable income (ATI) = 1,420,000 + 248,500 + 258,500

Adjusted Taxable income (ATI) = $1,927,000

Maximum business interest deduction = 30% of Adjusted Taxable income (ATI)

Maximum business interest deduction = $1,927,000*30%

Maximum business interest deduction = $578,100

So, the maximum business interest deduction that George will be eligible to claim this year is $578,100.

Based the selling price per unit and the contribution margin, the contribution margin per machine per hour is $105 for Standard and $42 for Delux.

The total number of units to be produced are 162 units for Standard and 0 units for Deluxe. This will lead to a contribution margin of $17,010.

The contribution margin per machine per hour for Standard is:

= Contribution margin per unit / Number of machine hours per unit

= 105 / 1

= $105

For Deluxe is:

= 84 / 2

= $42

Producing Standard gives a higher Contribution Margin so the company should focus on this alone.

Number of units of Standard would be:
= Machine capacity per month / Number of hours required for Standard

= 162 / 1

= 162 units

The contribution margin would be:
= 162 x x Contribution Margin per unit

= 162 x 105

= $17,010

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Answer:

GARP, which stands for Governance, Accountability, Risk Management, and Performance, encompasses key principles and practices that can greatly impact the management and success of a sports organization. Here are the ways in which GARP can influence and the roles and functions it should play within a sports organization:

1. Governance:

- GARP emphasizes the importance of having effective governance structures and processes in place within the sports organization.

- It involves establishing clear lines of authority, decision-making frameworks, and transparent communication channels.

- GARP ensures that the organization has a well-defined governance structure, including a board of directors or management committee responsible for setting strategic direction, overseeing operations, and ensuring compliance with regulations.

- The role of GARP in governance is to provide guidance on ethical conduct, promote transparency, and ensure accountability at all levels of the organization.

2. Accountability:

- GARP emphasizes the need for accountability within a sports organization, holding individuals and teams responsible for their actions and decisions.

- It involves implementing systems and processes to track performance, measure results, and report on progress.

- GARP ensures that the organization sets clear goals and objectives, establishes key performance indicators (KPIs), and holds individuals accountable for achieving them.

- The role of GARP in accountability is to provide frameworks for performance measurement, establish reporting mechanisms, and foster a culture of responsibility and ownership within the organization.

3. Risk Management:

- GARP highlights the importance of identifying and managing risks that can impact the sports organization's operations, reputation, and financial stability.

- It involves assessing potential risks, developing mitigation strategies, and implementing controls to minimize the likelihood and impact of adverse events.

- GARP ensures that the organization has a robust risk management framework in place, including policies, procedures, and monitoring mechanisms.

- The role of GARP in risk management is to provide guidance on risk identification, analysis, and mitigation, as well as ensuring compliance with legal and regulatory requirements.

4. Performance:

- GARP emphasizes the need for measuring and improving performance within a sports organization to achieve strategic objectives.

- It involves setting performance targets, regularly evaluating progress, and implementing strategies to enhance performance.

- GARP ensures that the organization establishes performance metrics aligned with its mission and strategic goals.

- The role of GARP in performance management is to provide frameworks for performance evaluation, facilitate continuous improvement, and align individual and team efforts with organizational objectives.

Overall, GARP plays a crucial role in shaping the management and success of a sports organization by establishing effective governance structures, promoting accountability, managing risks, and driving performance. It provides guidance and frameworks to ensure that the organization operates ethically, transparently, and efficiently, ultimately contributing to its long-term sustainability and achievements.

The snowshoe hare cycle is almost fully understood at this point. Predation and food availability cooperate to produce the 10-year cycle .

Although clearly, predation is the more important component. Food has a significant and primarily indirect wintertime impact.

Up to four litters can be born by a mother hare per year. After a year, the hares are mature. Few hares live to be this old. However, some hares have a five-year lifespan in the wild.

Hares are slightly bigger than rabbits, and they often have longer ears and taller hind legs.

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Answer:

Her earning potential may INCREASE

Explanation:

Tina just completed a science degree and wants to continue to medical school. Her earnings potential may increase. Hence, option C is appropriate.

Earning potential is the phrase used to describe the potential profits that shareholders may realize from holding a company, including dividend payments but also capital growth. In plenty of other words, it displays the most profit that a business may get. The manner of dividends is frequently distributed to investors.

The formula can also be thought of as predicted revenue with fewer expenses equaling profit potential. Gross margin %, also known as the ratio of profit to sales, is a metric that businesses use to assess the profitability of various products.

Let's start with the definition of earning potential (income potential): this is the sum of money you should be able to accumulate throughout a certain period. In other regards, this is a reference to your potential for financial gain.

Hence, option C is correct.

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a. The opportunity cost of producing wine in Portugal is 0.35 units of cloth, and the opportunity cost of producing cloth in Portugal is 2.85 units of wine.

b. The slope of the PPF represents the opportunity cost of producing one good in terms of the other. In this case, the slope of Portugal's PPF is -0.35, and the slope of Britain's PPF is -0.71.

c. If these countries engaged in international trade, the relative prices of wine and cloth would have to be within the range of Portugal's opportunity cost of producing wine (0.35 units of cloth) and Britain's opportunity cost of producing wine (0.71 units of cloth).

d. Assuming the relative price with trade of wine is 0.67 cloth and the relative price of cloth is 1.48 wine, then Portugal would specialize in producing wine and Britain would specialize in producing cloth. Portugal would export wine and import cloth, and Britain would export cloth and import wine.

If the relative price of wine were below 0.35 units of cloth, then Portugal would be able to produce wine more cheaply than Britain, and it would not be in Portugal's interest to trade. If the relative price of wine were above 0.71 units of cloth, then Britain would be able to produce wine more cheaply than Portugal, and it would not be in Britain's interest to trade.

The gains from trade are the increase in consumption that countries experience after they specialize and trade. In this case, the gains from trade are represented by the shaded area in the graph. The gains from trade are a result of the increased efficiency that is possible when countries specialize in the production of goods that they have a comparative advantage in.

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John Maynard Keynes supported economics policies that "Protected citizens during periods of economic difficulty

Option (b) is correct

John Maynard Keynes was a leading economist of the 20th century who advocated for government intervention in the economy to mitigate the effects of economic downturns. He believed that government spending during periods of economic hardship could stimulate demand and prevent unemployment. This idea is known as Keynesian economics.

Keynes argued that government spending on public works projects and social programs during times of economic recession could create jobs and increase demand for goods and services, which would, in turn, help to stimulate economic growth. He also believed that governments should use monetary policy tools, such as lowering interest rates, to encourage borrowing and investment during economic downturns.

John Maynard Keynes supported economic policies that aimed to protect citizens during periods of economic difficulty by advocating for government intervention to stimulate demand and prevent unemployment.

Therefore the correct answer is (b)

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The total revenue earned from export is 10,000KI.

To calculate the total revenue earned from the export, multiply the amount of copra exported by the exchange rate.

Given:

Amount of copra exported = A$5000

Exchange rate: 1 KI = A$0.50

Total revenue = Amount of copra exported * Exchange rate

Total revenue = A$5000 * KI/A$0.50

Simplifying the expression:

Total revenue = A$5000 / (A$0.50/KI)

To divide by a fraction, we can multiply by its reciprocal:

Total revenue = A$5000 * (KI/A$0.50)

Calculating the product:

Total revenue = 5,000 * 2KI

Total revenue = 10,000KI

Therefore, the total revenue earned from the export of copra to Australia is 10,000KI.

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The complete income acquired from trade is 10,000KI. To work out the absolute income acquired from the product, duplicate how much copra traded by the swapping scale.

Exchange includes the exchange of labor and products starting with one individual or substance then onto the next, frequently in return for cash. Financial experts allude to a framework or organization that permits exchange as a market.

An early type of exchange, trade, saw the immediate trade of labor and products for different merchandise and services,[1] for example exchanging things without the utilization of money.

Current income merchants by and large haggle through a mode of trade, like cash. Subsequently, purchasing can be isolated from selling, or acquiring. The innovation of cash (and letter of credit, paper cash, and non-actual cash) incredibly streamlined and advanced exchange.

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The cost of goods sold (COGS) was $17,260, and the ending inventory was $3,160 using the LIFO method.

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The cross-price elasticity of demand for turkey with brussel sprouts is 1.13.

For Kim, turkey and brussel sprouts are complement goods.

Cross price elasticity is used to measure the relationship between the price of a good and the quantity demanded of another good. It is the ratio of the percentage change in quantity demanded of good A to the percentage change in price of good B.

Cross price elasticity = percentage change in quantity demanded  / percentage change in price

9% / -8% = -1.13

If the cross price elasticity is negative, it means that the goods are complement good. Complement goods are goods that are consumed together.

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Based on the probability distributions of the funds and the correlation, the following is true:

The expected return can be found as:

= (Return on stock x Weight of stock) + (Return on debt x Weight of debt)

As we already have the return as 12%, we can solve the formula for weights :

12% = (16% x Weight of equity ) + (10% x Weight of debt)

12% = (16% x W of equity ) + (10% x (1 - W of equity))

12% = 0.16W + 10% - 0.1W

2% = 0.06W

W = 2% / 0.06

= 33%

Equity is 33% so Debt is 67%.

= √(Weight of stock ² x Standard deviation of stock ² + Weight of debt ² x Standard deviation of debt² + 2 x standard deviation of stock x standard deviation of debt x Correlation x weight of stock x weight of debt )

= √(33%² x 34% ² + 67%² x 25%² + 2 x 34% x 25% x 0.11 x 0.33 x 0.67)

= 21.16%

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Answer:

Please submit your completed assignment in Blackboard.

Explanation: