The three major ways in which activity-based costing improves the accuracy of product costs are
Activity based costingActivity cost PoolActivity based costingStep 1
Activity based costing is a system in which costs are allocated to the products on the basis of activities. Some cost drivers needs to be defined so that cost can be allocated properly.
Step 2
Activity-based costing improves the accuracy of product costs in three ways. First, activity-based costing increases the number of cost pools used to accumulate overhead costs. Rather than accumulating all overhead costs in a single, plantwide pool, or accumulating them in departmental pools, costs are accumulated for each major activity.
Step 3
second, the activity price pools are extra homogeneous than departmental value pools. In principle, all the fees in an interest price pool pertain to a single activity. In assessment, departmental price pools contain the costs of many different activities finished inside the department.
third, activity-based costing changes the bases used to assign overhead prices to products. in preference to assigning prices on the basis of direct labor or a few different measure of extent, costs are assigned on the idea of interest measures that gauge how much of the overhead resource has been consumed through a particular activity.
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Terri, age 16, is a dependent of her parents in 2020. During the year, Terri earned $5,000 in interest income and $3,000 from part-time jobs. a. What is Terri's taxable income? b. How much of Terri's income is taxed at her rate? c. How much is taxed at her parent's rate?
Answer:
A. $4,650
B. $1,750
C. $2,900
Explanation:
A. Calculation to determine Terri's taxable income
TAXABLE INCOME
Earned income $3,000
Add Unearned income $5,000
Gross income & AGI $8,000
($3,000+$5,000)
Less: Standard deduction ($3,350)
(Greater of either $3,000 or $1,050 income earned +$350)
Taxable income $4,650
($8,000-$3,350)
Therefore Terri's taxable income is $4,650
b. Calculation to determine How much of Terri's income is taxed at her rate
TAXED AT TERRI'S RATE
Taxable income $4,650
($8,000-$3,350)
Less: amount taxed at parents' rate ($2,900)
($5,000-$2,100)
Taxed at Terri's rate $1,750
Therefore The amount of Terri's income that is taxed at her rate is $1,750
c. Calculation to determine How much is taxed at her parent's rate
TAXED AT PARENTS' RATE:
Net unearned income=$5,000-$2,100
Net unearned income= $2,900
($5,000-$2,100)
Therefore The amount of Terri's income that is taxed at her parent's rate is $2,900
One way by which firms differentiate their products is to try to anticipate changes in consumer tastes and adapt their products to fit those changed tastes. True or False
The statement is "True." One way by which firms differentiate their products is to try to anticipate changes in consumer tastes and adapt their products to fit those changed tastes.
What is differentiation, Product differentiation is a marketing technique that allows companies to distinguish their products from competitors' products by highlighting unique features, benefits, or pricing.
A product can be differentiated from others in many ways, including through quality, design, function, or packaging.
Differentiation in terms of adaptability Differentiation of products by adaptability refers to firms making changes in their products and services to satisfy the changing consumer requirements. This differentiation strategy focuses on satisfying customer needs by modifying existing products or creating new ones to meet customer needs.
In conclusion, by anticipating changes in consumer tastes, firms can differentiate their products by adapting their products to fit those changed tastes.
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Juul’s ceo was forced to quickly respond to the increased scrutiny the company was facing. Which decision-making style allows senior leaders to quickly act?.
The directive decision-making fashion uses quick, decisive thinking to come to a solution. A directive decision-maker has a low tolerance for doubtful or ambiguous ideas.
They're focused on the venture and will use their personal information and judgment to come to a conclusion with selective enter from other individuals.
Which kind of decision is made by using senior management?strategic decision
A strategic choice is taken with the aid of top-level managers after a lot of analysis, study, and fact-finding. This is because such selections will affect the entire functioning of the business enterprise and are very vital and large in nature.
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Hi, i know you requested additional support for your deliverable. However, ravi’s project deadline was just moved up, so the team has limited time to help. How do you think we should proceed?
In light of Ravi's project being prioritized, I can explore other options to meet our deadline. Perhaps we can discuss if there are any low-priority tasks that I can deprioritize or delegate to free up time for the team.
Regarding pushing back the deadline, I can investigate the feasibility of that option and provide you with an updated timeline, including any potential risks or impacts to other projects.
Regarding your question about the effectiveness of requesting to push back the deadline for your project, it depends on several factors, such as the project's nature, stakeholders' expectations, and other dependencies.
In some cases, pushing back the deadline might be a reasonable option to ensure the project's quality and avoid rushed deliverables. However, it's essential to communicate the potential impacts and risks of delaying the project and provide a realistic timeline to manage stakeholders' expectations.
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Complete Question:
Nadia (Team Lead) Hi, I know you requested additional support for your deliverable. However, Ravi’s project deadline was just moved up, so the team has limited time to help. How do you think we should proceed? Consider the best way to respond to Nadia. How effective is it to request to push back the deadline for your project?
2.
Why do people run a business?
Answer:
to make money
Explanation:
The tax rates for a particular year are shown below: Taxable Income Tax Rate $0 – 50,000 15 % 50,001 – 75,000 25 % 75,001 – 100,000 34 % 100,001 – 335,000 39 % What is the average tax rate for a firm with taxable income of $130,513?
Answer:
The average tax rate is 26.17%
Explanation:
The computation of the average tax rate having the taxable income is $130,513 is shown below:
$50,000 × 0.15 = $7,500
$25,000 × 0.25 = $6,250
$25,000 × 0.34 = $8,500
$30,513 × 0.39 = $11,900.07
Tax amount is $34,150.07
Now the average tax rate is
= Tax amount ÷ taxable income × 100
= $34,150.07 ÷ $130,513 × 100
= 26.17%
Hence, the average tax rate is 26.17%
3. If the Wall Street Journal published an article w/ the headline "Poultry Farmers Detect Infectious Avian Bird Flu," what would happen to the demand curve for chicken? What good or service is being changed in the scenario? What is the determinant of demand that caused the change?
Answer:
If such a headline was published, the demand for chicken and its byproducts would plummet. The demand curve would shift to the left, meaning that the quantity demanded would decrease at all price levels.
The quality of the chicken and its byproducts has changed here, since they would turn into potentially unhealthy food.
The determinant of the demand for chicken products that is altered by this article is consumer preferences. The health of consumes is at risk, which would alter their preferences due to fear of getting sick.
2 A fall in the price of crude oil from $90 per barrel to $80 per barrel leads to an infinite fall in
quantity supplied
The price elasticity of demand with an infinite decrease in quantity supplied would be infinite.
Infinite elasticity, also known as perfect elasticity, is a scenario in which either the quantity demanded (Qd) or the quantity supplied (Qs) shifts by an infinite amount in response to any price change at all. This is an extreme example of the concept. The supply curve and the demand curve both have a line in both of these scenarios.
An extreme case would be a demand that is perfectly elastic. When we talk about perfect elastic demand, we imply that the quantity required will go all the way to infinity when the price goes down, but it will go all the way down to zero when the price goes up. You can think of perfectly elastic demand as "all or nothing" when consumers are particularly sensitive to changes in price. This is because consumers in this situation will either buy everything or nothing at all.
Your question is incomplete, but most probably your full question was:
A fall in the price of crude oil from $90 per barrel to $80 per barrel leads to an infinite fall in quantity demanded. Calculate the price elasticity of demand?
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If you have 900 dollars and you save it for ten years woth eight percent interest, what will be it’s future value?
2. What are some banks, non-banks, technology and retail companies? Name 1 of each and explain what they are and what they do?
Banks are businesses that provide a range of financial services, such as mortgages, savings accounts, and loans. JPMorgan Chase, one of the biggest banks in the US, is an illustration of a bank. Financial services offered by JPMorgan Chase include banking, investing, and credit card services.
What are retail companies?Businesses that sell goods directly to customers are known as retail companies. Walmart, one of the biggest retailers in the world, is a good example of a retail business. Walmart runs a network of grocery stores, discount department stores, and hypermarkets and provides customers with a variety of goods and services.
Companies that provide financial services but lack a banking license are known as non-bank financial institutions. American Express, a provider of credit cards, debit cards, and other financial services, is one example of a non-bank financial institution.
Therefore, banks, non-banks, technology, and retail companies are stated above.
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When choosing a marketing channel or interme... When choosing a marketing channel or intermediary. It is important to ask several key questions, including which of these? Multiple Choice Who is responsible for negotiating the channel or intermediary contracts? How many of the firm's competitors will be using the same channel? Which channel and intermediaries we best stay the grequirements of the target market? How long have the channel members and intermediaries been in business?
All the option regarding marketing channel or interme is correct.
What is marketing channel?A marketing channel is a set of activities and processes used by businesses to promote and market their products and services to customers. This includes a wide variety of activities such as research, advertising, promotion, sales, pricing, distribution, and customer service. It is a way for companies to connect with their target audience, build relationships with customers, and increase sales. The marketing channel consists of all the actors and activities involved in the process of getting a product or service from the producer to the customer. This includes the physical and virtual flow of information, goods and services from the producer to the customer. As such, it is important for businesses to understand how their marketing channels work and how they can use them to their advantage.
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Today, the exchange rate between the US dollar and Appleland's currency is $1. 000=AAA6. 623, and between the US dollar and Bananaland's currency is $0. 486=BBB1. 0. Calculate the implied cross-rate between Appleland's and Bananaland's currencies, expressed as the amount of BBB per one unit of AAA. Do NOT use units in your answer, and just put your numeric answer
The implied cross-rate between Appleland's and Bananaland's currencies, expressed as the amount of BBB per one unit of AAA, is approximately 0.1509.
To calculate the implied cross-rate between Appleland's and Bananaland's currencies, we can use the exchange rates provided for both currencies with the US dollar.
Let's start by converting one US dollar to Appleland's currency (AAA):
$1.000 = AAA6.623
Next, let's convert one US dollar to Bananaland's currency (BBB):
$0.486 = BBB1.0
Now, we can calculate the cross-rate by dividing the exchange rate of Bananaland's currency (BBB) by the exchange rate of Appleland's currency (AAA):
(BBB1.0 / AAA6.623)
Using a calculator, we get the implied cross-rate between Appleland's and Bananaland's currencies to be approximately 0.1509.
In conclusion, the implied cross-rate between Appleland's and Bananaland's currencies, expressed as the amount of BBB per one unit of AAA, is approximately 0.1509.
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Finished goods ______. Multiple choice question. is the same as cost of goods manufactured consists of completed, unsold goods consists of goods that require additional processing before being sold consists of goods that have been sold to customers during the period
Finished goods consist of completed unsold goods which have not been sold to customers.
What is Finished goods?Finished goods refer to completed goods or product that have pass through all the manufacturing process and completed they but have not be sold to the intending consumers.
They are completed processed products.
Therefore, Finished goods consist of completed unsold goods which have not been sold to customers.
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1. Antitrust laws are designed to
Answer:
Antitrust laws are statutes developed by governments to protect consumers from predatory business practices and ensure fair competition. Antitrust laws are applied to a wide range of questionable business activities, including market allocation, bid rigging, price fixing, and monopolies
Explanation:
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If a society moves from a period of time with significant unemployment to a time with full employment, its production possibilities frontier will 1 point A. shift leftward. B. Shift rightward. C. Not shift because the society moves from one point on the frontier to a point inside the frontier. D. Not shift because the society moves from a point inside the frontier to a point on the frontier. E. Not shift because the society moves from a point on the frontier to a point outside the frontier.
Answer:
D
Explanation:
The Production possibilities frontiers is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.
The PPC is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.
Point outside the curve or to the right of the curve means that the production level is not attainable given the level of resources
Points inside the production possibilities curve means that the nations resources are not being fully utilised
Factors that cause the PPF to shift
1. changes in technology.
2. changes in available resources.
3. changes in the labour force.
Due to the significant unemployment , production would occur at a point inside the curve. When the firm moves to full employment, production would take place on the curve
One disadvantage of a corporation is:
Answer:
The disadvantages of a corporation are as follows: Double taxation. Depending on the type of corporation, it may pay taxes on its income, after which shareholders pay taxes on any dividends received, so income can be taxed twice. Excessive tax filings.
Which of the following tasks would be completed by a radio announcer
Answer:
Research questions for interviewing guests.
Explanation:
A Radio Announcer has several responsibilities among which could be research questions for interviewing guests, and be the voice of the show, he would have to do troubleshooting, nor train customers, he shouldn´t need to install telecommunication equipment, so the only responsibility that the radio announcer would have from the options would be D) Research questions for interviewing guests.
two farmers agree that pigs are worth $\$300$ and that goats are worth $\$210$. when one farmer owes the other money, he pays the debt in pigs or goats, with ``change'' received in the form of goats or pigs as necessary. (for example, a $\$390$ debt could be paid with two pigs, with one goat received in change.) what is the amount of the smallest positive debt that can be resolved in this way?
Pigs are valued at $300, and goats are valued at $210, according to two farmers. A farmer will trade pigs or goats for money owed to him by another farmer.
Do you trust farmers?
The cultivation of living things for food or raw resources is the work of an agriculturalist. Those that cultivate various field crops, orchards, vineyards, poultry, or other livestock are often referred to by this moniker. In addition to working as a labourer on property that is owned by others, a farmer may also be the land's owner. Despite differences in degrees and ranks, the level of faith in farmers can be shown in every survey. Another piece of proof for this was provided by a recent survey conducted by the American Farm Bureau, which showed that 88% of Americans have faith in farmers.
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Ethics help managers determine the right way to behave.
True
False
Employee feedback plays an important role in the performance appraisal process.
True
False
There are ten principle functions of management.
True
False
Management of diverse employees is both an ethical issue and a means to improve organization efficiency and effectiveness.
True
False
1) The given statement is true, because Ethics provide set of moral principles. 2) The given statement is true, because Gathering feedback from employees allows managers to gain valuable insights into employee's performance. 3) The given statement is false, because there are four principle functions of management. 4) The given statement is true, because Ethically, it is important to create an inclusive and supportive work environment.
Ethics provide a set of moral principles and values that guide decision-making and behavior. Managers often encounter situations where they need to make ethical choices, and having a strong ethical foundation can assist them in determining the appropriate course of action. Ethics help managers consider the interests of various stakeholders, adhere to legal and regulatory requirements, promote fairness and justice, and make decisions that align with the organization's values and mission.
Gathering feedback from employees allows managers to gain valuable insights into an employee's performance, strengths, areas for improvement, and overall job satisfaction. It provides a more comprehensive and well-rounded assessment of an employee's contributions and helps identify areas for development and growth. Employee feedback can come from various sources, such as self-assessments, peer evaluations, customer feedback, and supervisor assessments, and it contributes to a fair and objective performance evaluation.
There are typically four principle functions of management: planning, organizing, leading, and controlling. These four functions provide a framework for managers to effectively manage resources, set goals, allocate tasks, motivate employees, and monitor progress. While different sources may categorize management functions differently, the four functions mentioned above are widely recognized as the fundamental principles of management.
Ethically, it is important to create an inclusive and supportive work environment that values diversity and treats all employees fairly. From an efficiency and effectiveness standpoint, diverse teams can bring different perspectives, experiences, and skills, which can lead to enhanced creativity, problem-solving, and innovation within the organization.
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Teams have better communication than other workers because they get to
a. Know each other better
b. Attend commurication seminars
C. Earn extra benetits packages
d. Use better telephones
During the year, Squid Roe Inc.'s revenues were $200,000 and its net income was $60,000. It had not preferred shares, and its stockholders' equity and total assets were $380,000 and $780,000 at the beginning of the year and $420,000 and $900,000 at year-end, respectively. ROE (rounded to the nearest tenth of a percent) equals ______. Multiple choice question. 14.3% 50.0% 6.7% 15.0% 7.1%
Based on the information given the return on equity (ROE) is 15.0%.
Using this formula
Return on equity (ROE)=Net income/ Average Stockholders' equity
Let plug in the formula
Return on equity (ROE)=$60,000/[($380,000+$420,000)/2]
Return on equity (ROE)=$60,000/($800,000/2)
Return on equity (ROE)=$60,0000/$400,000
Return on equity (ROE)=0.15×100
Return on equity (ROE)=15%
Inconclusion the return on equity (ROE) is 15.0%.
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Select the correct answer.
All of the following are intended purposes of differentiated marketing EXCEPT
A.
To create brand loyalists
B.
To increase sales
C.
To save advertisement costs
D.
To generate referrals
Answer:
Explanation:
To save advertisement cost
Sticking to a list will help you save money.
True
False
In trading account freight belongs to which side debit or credit?
Answer:
Explanation:
In trading account, freight belongs to the debit side. It is a direct expenses on purchases and manufacturing operation
Freight is the cost incurred in transporting an item to its final destination when the terms are FOB shipping point. It is treated as part of the cost of merchandise and recorded in the inventory if the merchandise has not been sold.
Increase in the cost of freight are recorded on the debit side while decrease are recorded on the credit side.
What information would be beneficial in determining if a company is a worthwhile investment?
What industries are on the upswing and will be needing more funding?
Are there individual companies with a great amount of potential growth?
The information that would be beneficial in determining if a company is a worthwhile investment is the business model, the earnings growth, and the plans of the company. Moreover, companies that focus on technology and services are more likely to need investors.
What information would be beneficial in determining if a company is a worthwhile investment?Before you invest in any company you need to understand how the company is doing and what will possibly happen with it in the next months and years. Due to this, it is a good idea to know about:
The mission of the company.The busieness model.The earnings growth.Plans and predictions.What companies require more investment?Considering the most important sectors in market are technology and services, it is likely these companies require more investment.
Are here individual companies with a great amount of potential growth?Yes, even small local companies can have a great potentia of growth depending on their model and products/services offered.
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An unanticipated expense that will make it difficult to get by day-to-day would be a candidate for…
Answer:
blehhhhhhhjhhhhhhh
Explanation:
Which of these represents the proper transformation from data to decision according to the information value chain?
a. Data -->Information -->Knowledge -->Decision
b. Data -->Knowledge -->Information -->Decision
c. Data -->Business Event -->Information -->Decision
d. Data -->Analysis -->Information -->Decision
Answer:
a. Data -->Information -->Knowledge -->Decision
Explanation:
An information value chain can be defined as the process of converting a raw data into a useful information, by recognizing the value activities to be undertaken.
The proper transformation from data to decision according to the information value chain is Data -->Information -->Knowledge -->Decision.
This ultimately implies that, the raw data is first of all gathered or created, it is then processed to generate information(s), the generated information can then be applied to a plan or problem as a knowledge and lastly, the decision to use the knowledge or not.
Experts recommend that people set aside at least six months of income in case of an emergency. True or False?
Answer: True! :D
Explanation: The majority of experts agree that you need to have an emergency fund with at least three to six months' worth of living expenses covered.
The art of sales is never more obvious than in a late-night infomercial. Tell about one infomercial that you have seen and what tactics the salesperson used to get the audience to buy their product. See if you can find a link to it online and post the link with your comment as well. Did watching the salesperson make you want to buy? Do you think you would be able to do the same marketing job as the salesperson?
(HELP FAST DUE IN 15 MINUTES)
The informercial that have been used in the solution would be the :As seen on TV " informercial
What is the message in the informercial?One of the most popular infomercial products is the "As Seen on TV" range of products. These infomercials use a variety of tactics to sell their products, including:
Highlighting the problem: The infomercial starts by showing the problem that the product solves, such as a cluttered kitchen or aching back.
Demonstrating the product: The product is then demonstrated, showing how easy it is to use and how it solves the problem.
Emphasizing the benefits: The salesperson then emphasizes the benefits of the product, such as saving time and money, and improving your life.
Using testimonials: Real people are shown using the product and providing testimonials, which adds credibility to the product and the infomercial.
Creating a sense of urgency: The infomercial often includes a limited-time offer or a special discount, which creates a sense of urgency for the viewer to buy now.
These are just a few of the tactics used in infomercials, and their effectiveness varies depending on the product and the target audience. Ultimately, the success of an infomercial comes down to how well the product solves a real problem and how effectively the salesperson communicates that to the viewer.
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