Volume-based product costing systems have difficulty assigning overhead costs accurately if the overhead costs are not directly proportional to the volume of products produced.
In a volume-based product costing system, overhead costs are allocated to products based on a predetermined overhead rate per unit of output. This rate is calculated by dividing the total estimated overhead costs for a period by the estimated total number of units to be produced. However, if the overhead costs are not directly proportional to the volume of products produced, this allocation method may lead to inaccurate cost assignments.
For example, if a company's overhead costs include both fixed costs (such as rent or salaries) and variable costs (such as utilities or materials), a volume-based costing system may allocate a higher proportion of overhead costs to high-volume products, even if those products do not actually consume a significant amount of overhead resources. This can result in over-costing for high-volume products and under-costing for low-volume products.
To overcome this limitation, companies can consider using activity-based costing (ABC) systems. ABC systems identify various cost drivers and allocate overhead costs based on the activities or processes that consume those resources. This approach provides a more accurate and detailed allocation of overhead costs, resulting in more precise product costs.
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a gain on sale of a plant asset occurs when the proceeds of the sale are greater than theA) salvage value of the asset sold
B) market value of the asset sold
C) book value of the asset sold
D) accumulated depreciation on the asset sold
A gain on sale of a plant asset occurs when the proceeds of the sale are greater than the book value of the asset sold. The correct option is (C).
The book value is calculated as the original cost of the asset minus the accumulated depreciation. If the sale proceeds are greater than the book value, the difference is considered a gain. This occurs when the asset is sold for more than its net book value. Salvage value and market value are not relevant in determining a gain on sale of a plant asset.
For example, if a company sells a piece of equipment that was originally purchased for $10,000 and has accumulated depreciation of $6,000, the book value of the asset is $4,000 ($10,000 - $6,000). If the company sells the asset for $5,000, then it has a gain on the sale of $1,000 ($5,000 - $4,000).
Therefore, option C, "book value of the asset sold," is the correct answer.
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removal inc. is a calendar year-end s corporation. on july 1 of the current year, wayne, a removal shareholder, sells his shares to the kastle corporation. removal's s election is terminated on:
Removal Inc. is a calendar year-end S corporation. On July 1 of the current year, Wayne, a Removal shareholder, sells his shares to the Kastle Corporation. Removals S election is terminated on: July 1 of the current year
What is a shareholder?Generally, A individual or organization that has made a financial investment in a company in return for a "share" of the ownership of that business is referred to as a shareholder.
This ownership is shown by the shareholder's possession of either common or preferred shares, which were issued by the corporation and are now owned by the shareholder.
A person, corporation or institution who holds at least one share of a firm's stock or in a mutual fund is considered to be a shareholder in that company or fund.
Shareholders are effectively the owners of the corporation, which grants them certain rights in addition to certain obligations. They are able to participate in the profits generated by the company thanks to this kind of ownership.
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A card game is being played and the 5 of spades, 9 of spades, 10 of spades, and 10 of hearts are drawn from a single deck. In order to win, the next card the player draws from the deck must be higher than the highest card already drawn. What is the probability that the next card the player draws is a winning card? (An ace is considered to have a value of 1 and jacks, queens, and kings have a value of 10.) Hint: A deck has 52 cards, 4 suits, and each suit has A, 2, 3, 4, 5, 6, 7, 8, 9, 10, J, Q, K.
The likelihood that the following card will be higher than the previous highest card (5 of spades, 9 of spades, 10 of spades, and 10 of hearts) is 20/47, or roughly 42.55%.
How likely is it that you'll get a heart and a spade?A standard deck of cards contains 52 cards. There are 13 hearts and 13 spades. Therefore, there is a 50/50 probability of receiving a heart or a spade.
What percentage of a 52-card deck are spades?Each of the four suits—Clubs, Hearts, Diamonds, and Spades—has 13 cards, for a total of four suits. Hearts and diamonds are red; spades and clubs are both black.
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Read the following descriptions. Decide who demonstrates good habits and attitudes.
Michael likes his job. He decides to take a few finance classes so that he becomes better at his job. This will also help in case he wants to transfer to a new position in the same company.
Bryan thinks he has the best job. He thinks he is already doing the best he can and doesn't do anything to improve his skills.
Answer:
Michael demonstrates good habits and attitude
Explanation:
Michael likes his job and takes the initiative to do better so he can get a new position,however Bryan is very cocky and doesn't try to get better.
under what circumstances are (a) a short hedge and (b) a long hedge appropriate?
Short hedge is a risk management strategy to protect themselves against a decrease in the commodity's price. Long hedge is used to protect themselves against an increase in the commodity's price money.
A long hedge, on the other hand, is a risk management strategy used by consumers or buyers of a commodity to protect themselves against an increase in the commodity's price. This type of hedge involves buying futures contracts for the commodity being purchased. By doing so, the consumer or buyer locks in a price for the commodity, ensuring that they will not suffer losses if the price increases.
In general, short hedges are appropriate for producers or sellers who are concerned about the price of their commodity falling. Long hedges, on the other hand, are appropriate for consumers or buyers who are concerned about the price of their commodity rising.
The decision to use a short or long hedge depends on the specific circumstances of each situation, such as the nature of the commodity, the market conditions, and the level of risk that the producer, seller, consumer, or buyer is willing to accept.
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AHHHHHHHHHHH IDK WHAQT TO DO I HAVE FOUR DAYS TO COMPLETE 12 ASSIGNMENTS AND FIVE MIDTERMS I AM BEYOND STRESS SOMEONE SHOOT ME NOW PLEASE
Find the amount of the payment to be made into a sinking fund so that enough will be present to accumulate the following amount. Payments are made at the end of each period. $95,000; money earns 8% compounded semiannually for 2 2
1
years The payment size is $ (Do not round until the final answer. Then round to the nearest cent.)
The payment size needed to accumulate $95,000 in 2 2 1 years with an 8% interest rate compounded semiannually is approximately $4,119.18.
To calculate the payment size needed to accumulate a specific amount in a sinking fund, we can use the formula for the future value of an ordinary annuity:
A = P * ((1 + r/n)^(n*t) - 1) / (r/n)
Where:
A is the future value
P is the payment size
r is the interest rate per period
n is the number of compounding periods per year
t is the number of years
In this case, the future value is $95,000, the interest rate is 8% (or 0.08) compounded semiannually (2 times a year), and the time period is 2 2 1 years.
Plugging the values into the formula, we have:
$95,000 = P * ((1 + 0.08/2)^(2*2.25) - 1) / (0.08/2)
Solving for P, we find that the payment size P is approximately $4,119.18.
Therefore, the payment size needed to accumulate $95,000 in 2 2 1 years with an 8% interest rate compounded semiannually is approximately $4,119.18.
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What is a trend in business
when a competitive market is allowed to opperate affectively firms end up producing goods using the least amount og scarce resources
when a competitive market is allowed to operate effectively, firms are incentivized to produce goods using the least amount of scarce resources possible, which leads to lower costs for consumers and a more efficient allocation of resources in the economy.
When a competitive market is allowed to operate effectively, firms are motivated to produce goods using the least amount of scarce resources for several reasons.
Firstly, in a competitive market, firms have to compete with each other to attract customers. This means that firms need to produce goods efficiently and at a low cost in order to offer competitive prices to consumers.
Secondly, firms are motivated to minimize their costs to maximize their profits. This means that firms will try to produce goods using the least amount of scarce resources possible, such as labor, capital, and raw materials.
Finally, in a competitive market, firms are constantly looking for ways to improve their production processes and reduce costs. This leads to innovation and technological advances, which allow firms to produce goods more efficiently and with fewer scarce resources.
Overall, when a competitive market is allowed to operate effectively, firms are incentivized to produce goods using the least amount of scarce resources possible, which leads to lower costs for consumers and a more efficient allocation of resources in the economy.
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by 1929 increasing number of people were investing in the stock market and the dow jones industrial average is a barometer of the stock market's health. how is the dow jones industrial average measured?
The Dow jones industrial average measured is calculated as DJIA = ∑ \(P^{old}\)/∑ \(d^{old}\) = ∑\(P^{new}\)/∑\(d^{new}\)
The Dow Jones Industrial Average:
The Dow Jones Industrial Average, or simply the Dow, is the second-oldest benchmark index in the world and is used to gauge stock market performance and the overall health of the American economy.
It comprises of 30 businesses, or "blue chip" businesses. They are a part of the index because of how vital they are to the overall health of the economy.
The market's structural changes, such as stock splits and dividend distributions, are normalised using the Dow Divisor.
Its value is continually updated and varies over time. For instance, in the early years of stock trading, it was typically higher than 10. But it is presently less than 1.
The New York Stock Exchange and Nasdaq's 30-largest American firms' daily price changes are tracked by the Dow Jones Industrial Average (DJIA).
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Consider a 90-day Treasury bill selling for $960? Find the yield on coupon equivalent basis (investment yield). Make sure to show your work. Do not write any symbol (%, S, #, & ...). Express your answers as a percentage. Round your answer to the nearest one hundredth percentage point. For example, write 12.56 for 12.56%. Type your numeric answer and submit
To find the yield on a coupon equivalent basis (investment yield) for a 90-day Treasury bill selling for $960, we need to calculate the discount yield.
The formula to calculate the discount yield is: Discount Yield = (Face Value - Purchase Price) / Face Value * (360 / Days to Maturity)
In this case, the face value of the Treasury bill is typically $1,000 (assuming it is a standard Treasury bill), the purchase price is $960, and the maturity period is 90 days.
Using the formula, we can calculate the discount yield as follows:
Discount Yield = (1000 - 960) / 1000 * (360 / 90) = 40 / 1000 * 4 = 0.04
Converting the decimal to a percentage, the discount yield or investment yield is 4%.
Therefore, the yield on a coupon equivalent basis for the 90-day Treasury bill is 4%.
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list the 3 types of resume format
Answer:
Explanation:
chronological, functional, and combination.
hope i helped.
When a factory is operating in the short run? a. average fixed cost rises as output increases. b. it cannot alter variable costs. c. total cost and variable cost are usually the same.
Variable costs cannot be changed while a factory is running in the near term.
Why Do Fixed Costs Exist?When a cost is referred to as fixed, it means that it doesn't fluctuate based on how many products or services are produced or sold. Costs associated with a company's operations that must be covered regardless of the company's specific operations are known as fixed costs.
Since they don't relate to the creation of any goods or services by a corporation, fixed expenses are therefore typically indirect costs. Typically, a company's overall expenditures are made up of two types of expenses: fixed and variable expenses. Shutdown points are typically used to cut back on fixed costs.
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2. What does the word cost mean in the context, "understanding their costs and
income, budgeting to ensure all their expenses are covered is a financially
tsresponsible behavior"?
Answer:
Explanation: A budget is an estimation of revenue and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis.
The amount of money that a business had to spend on the production of its goods or services is known as the cost.
How does financial planning use budgeting?
The method of planning a company's earnings and expenses over a specific time period is known as financial budgeting. The management's financial plans are outlined in budgets.
The cost of a business's products or services is the sum of money that was required to produce them. Among other things, this entails allocating financial means and figuring out how much cash is available to spend.
Therefore, A financial budget is one that is concerned with the balance sheet of the business, which also includes the cash budget.
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Describe how to make an electronic payment.
Answer:
In the explanation. :)
Explanation:
Each bank as similar ways when it comes to making an electronic payment. Once you are in your bank information on your phone or computer, you can set up a payment in the payments/bills section. You add the information to the bill you wish to pay and then you send the amount you want to pay ont he date you schedule it for.
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What minimum pilot certification is required for operation within Class B airspace?
B class All pilots flying in a Class B airspace area must obtain ATC clearance from the ATC facility with jurisdiction over that area.
Unless otherwise authorised by ATC, all aircraft operating in Class B airspace must have the operating transponder and automatic altitude reporting equipment specified in 14 CFR part 91, section 91.215(a), as well as an operable two-way radio capable of communicating with ATC on appropriate frequencies. Student, sport, and recreational pilots may enter specific Class B airspaces after receiving training and an instructor's endorsement. Even with the endorsement, students are not permitted at certain Class B airports. A 4096-code transponder, an encoding altimeter, and a VOR or TACAN receiver are all required.
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If a wine company decides to focus its specialty of creating its products to rely on other business partners to fill in the supply chain gaps, which strategy is this wine company creating?.
When a wine company focuses on creating products while relying on other business partners to fill in the supply chain gaps, it is creating b. a channel strategy.
What is a channel strategy?A channel strategy involves the use of the commerce chain to reach the end-users of the wine company's goods.
The company is not using a marketing strategy, which is broader in outlook nor a pricing strategy, which is one of the marketing strategies.
Answer Options:a. a marketing strategy
b. a channel strategy
c. a pricing strategy
Thus, the wine company is using a channel strategy so that it can concentrate on its specialty of creating unique products instead of directly reaching out to consumers.
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when frank gehry completed his guggenheim museum in spain it seemed to spark a period of rapid economic growth as a formerly declining industrial town became a center for cultural arts and design. what is the name given to this economic phenomenon generated by famous or conspicuous works of architecture?
The Biblao effect is the name given to this economic phenomenon generated by famous or conspicuous works of architecture.
What is the Biblao effect?The Bilbao Effect is the term used to describe the quick economic boom that appeared to follow the completion of Frank Gehry's Guggenheim Museum in Spain, which transformed a town that had previously been an industrial decline into a hub for culture and design.25 years later, the Bilbao Effect is still challenging perceptions of urban change and inspiring the creation of iconic structures that elevate cities' stature and attract tourists and investors.The Bilbao Effect is the efforts made by a sizable portion of urban elites around the world to create icons in their cities. This was largely motivated by a superficial and media-based understanding of the Bilbao case, which led many people to firmly believe that a city experiencing economic difficulty could be turned around.Therefore, the Biblao effect is the name given to this economic phenomenon generated by famous or conspicuous works of architecture.
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Jennifer claims that her bank account is growing at a greater rate of change than william’s bank account. is jennifer correct?
The assertion made by Jennifer that her bank account is expanding faster than William's bank account is untrue.
Define a Bank Account.A bank account is a financial record of the financial transactions that take place between a bank and a customer and is maintained by a bank or other financial institution. An account type known as a growth savings account delivers a larger interest return than a standard savings account does. Because of the higher interest rate, your money will grow faster, which is clearly a good thing.
Jennifer's bank account is growing at a rate of change 10 as per the given function.
William’s bank account is growing at a rate of change 14 as per the table
Jennifer is wrong because 10 < 14
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Case 5: Early Warning or False Sense of Security? Concussion Risk and the Case of the Impact-Sensing Football Chinstrap
"Early Warning or False Sense of Security? Concussion Risk and the Case of the Impact-Sensing Football Chinstrap" is a research paper that explores the effectiveness of impact-sensing football chinstraps in detecting and preventing concussions in football players.
The paper discusses the technology behind the impact-sensing chinstrap, as well as the potential benefits and drawbacks of its use in football. It also examines the limitations and challenges of using this technology to reduce the risk of concussion, and raises questions about the overall efficacy of such devices in addressing the problem of head injuries in football.
The paper highlights the need for further research and evaluation of impact-sensing chinstraps and other concussion prevention measures in order to improve the safety of football players.
-----------The given question is incomplete, the complete question is:
"What is Early Warning or False Sense of Security? Concussion Risk and the Case of the Impact-Sensing Football Chinstrap?"------------
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On March 17th, Rollo's Antiques accepted a credit card for a $1,000 purchase. The credit card company charges a 2% service fee. The entry to record this transaction would include a A : credit to Service Charge Expense of $20. B : debit to Cash of $1,000. C : debit to Service Charge Expense of $20. D : credit to Cash of $980.
Answer:
C : debit to Service Charge Expense of $20
Explanation:
The complete journal entry used to record this transaction would be:
March 17, 202x, sales revenue
Dr Cash 980 (assuming the transaction is processed automatically)
Dr Service charge (or Credit card) expense 20
Cr Sales revenue 1,000
Since the credit card company is charging you a 2% commission ($20), we must consider it an expense. Remember that all expenses must be debited.
Discuss the role of the current South African government in providing for its citizens
Answer:
The role of the current South African government is to- makes laws and sets policies for the country and provides services which fall under national competencies.
An investor purchases 1,000 shares of PLEX common stock at a price of $153 per share. Shortly afterward, with PLEX selling for 149 per share, a purchase of 10 PLEX 150 puts at 4 takes place. What is the investor's breakeven point
The investor's breakeven point can be calculated by considering the initial purchase of PLEX common stock and the subsequent purchase of PLEX 150 puts.
To determine the breakeven point, we need to calculate the effective purchase price after accounting for the put options. The breakeven point is the price at which the investor's total cost is covered.
The initial purchase of 1,000 shares of PLEX common stock at $153 per share results in a total cost of:
1,000 shares * $153 = $153,000
The purchase of 10 PLEX 150 puts at $4 each results in a total cost of:
10 puts * $4 = $40
To calculate the breakeven point, we subtract the premium paid for the puts from the initial cost and divide by the number of shares:
($153,000 - $40) / 1,000 shares = $152.96
Therefore, the investor's breakeven point would be approximately $152.96 per share. This means that for the investor to cover their costs, the price of PLEX common stock would need to reach or exceed $152.96 per share.
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through the process of escheat the deceased's property passes to
Through the process of escheat, the deceased's property passes to the state or government. Escheat occurs when someone dies without a will or legal heirs.
Escheat is a legal principle that governs what happens to a person's property when they die without a will or any identifiable legal heirs. In such cases, the property is transferred to the state or government. The purpose of escheat is to prevent the abandonment or unclaimed ownership of property, ensuring that it is put to beneficial use rather than remaining in a state of limbo. The state or government becomes the custodian of the property and may choose to sell it, use it for public purposes, or hold it until a rightful owner is identified. Escheat laws vary between jurisdictions, but they generally prioritize the public interest in managing unclaimed assets.
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What is the Reconstituted Firm???
Explanation:
When a new partner is admitted a new agreement is formed and thus the firm is reconstituted.
which of the following groups does the national security agency support by providing wireless and wired secure communications?
The National Security Agency (NSA) supports the U.S. government and its agencies by providing wireless and wired secure communications for the purpose of national security and intelligence operations.
The National Security Agency (NSA) conducts various operations related to national security and intelligence. These operations include activities such as signals intelligence (SIGINT), information gathering, data analysis, and cybersecurity. The NSA is responsible for collecting and analyzing communications and electronic information to provide intelligence and protect national security interests. As part of its operations, the NSA supports the U.S. government and its agencies by providing secure wireless and wired communications, ensuring the confidentiality, integrity, and availability of sensitive information critical to national defense and security efforts.
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There are things that will disqualify a person from police service. Drug use beyond "experimentation" will likely disqualify a person. Which best describes "experimentation" by hiring standards?
Using heroin once after the age of 21.
Using marijuana less than 10 times as a teenager.
Using marijuana on weekends after age 21.
Using another person's prescription drugs for recreation.
Answer: Using heroin once after the age of 21
Explanation:
I did a quick look up and I belive this is the answer. Hope it helps
straight-line and declining balance methods allocate the cost of a long-term asset based on what ?
Straight line depreciation is the most popular and easiest way of distributing a capital asset's cost. It is computed by dividing the cost of an item, minus its salvage value, by the asset's usable life.
Straight line depreciation is a popular method of reducing the value of a fixed asset over its useful life. It is used to minimise a fixed asset's carrying amount throughout its useful life. Straight line depreciation depreciates an asset's cost at the same rate for each accounting period.
Straight line depreciation is calculated as follows: Straight line depreciation = (cost of asset - estimated salvage value) x estimated useful life of an asset.
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Outline a specific strategy to implement stating how you will prevent this from
happening in the future.
which term is used when businesses do not maximise output from given inputs ?
Answer:
What Is Efficiency? Efficiency signifies a peak level of performance that uses the least amount of inputs to achieve the highest amount of output.