The way fixed manufacturing overhead expenses are handled differs between the absorption and variable costing approaches. All production expenses are "absorbed" through absorption costing, which also includes fixed manufacturing overhead as product costs.
What distinguishes variable costing from full absorption costing?Through the use of absorption costing, fixed overhead costs are divided across all units produced during the period. When employing variable costing, all fixed overhead expenses are combined and reported as a single line item separate from the price of the goods that have been sold or are still on the market.
What does "variable costing" mean?In managerial and cost accounting, the notion of variable costing refers to the exclusion of fixed manufacturing overhead from the product-cost of production. The approach stands in contrast to absorption costing, which allocates the fixed production costs to the output of products.
By "Full absorption costing," what do you mean?In full absorption costing, overhead is allocated (absorbed) into the cost of inventories. Variable production overhead expenses shall be allocated to each unit of production based on the actual use of the production facilities, according to ASC 330-10-30-1 through ASC 330-10-30-8.
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the type of health insurance coverage that may specify the maximum payment amount for each type of operation is:
Surgical expense is the category of health insurance that has the potential to set a maximum payment threshold for various types of operations.
How do you define surgical insurance?Surgical expense insurance is a form of insurance plan that aids in paying for the costs associated with procedures. It defines precise sums that are accessible for particular surgical operations. The costs of surgery would be covered by a reliable health insurance plan. Expenses for indefinite hospital stays or surgical procedures are not covered.
The surgeon's fee for specific surgeries or medical procedures is covered by surgical expenditure insurance, typically up to a maximum for each type of treatment. Regular medical insurance policies cover the insured's costs for things like prescription drugs, home or office visits from doctors, and other medical expenses.
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Generally, when preferences for a good rise, demand for the good rises. If a perfectly competitive market starts in long-run equilibrium, holding all else constant, this will result in a higher market price, which will lead to in the industry and the market. This causes price to None of these 3 possible answers listed here are correct. economic losses; attracts new firms into; fall economic losses: causes some firms to leave; rise further O positive economic profits, causes some firms to leave; rise further
Which will lead to positive economic profit in the industry and cause some firms to leave the market. This causes the price to rise further.
A positive economic profit, therefore, indicates that the company is earning more than the competition standard. Context Financial profit is not the same as book profit. In accounting terms, profit is simply the excess of revenue over the explicit costs of generating it.
A firm produces a positive economic profit when the market price is greater than the average total cost of the firm, and a negative economic profit when the market price is less than the average total cost of the firm. Companies enter the industry when they expect economic benefits. These short-term gains are enough to drive entry. An economic profit of zero means a normal long-term return on the business owner's factors of production including labor and capital.
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in the case the ugly side of beautiful nails, the nail salon industry violated which of these worker rights? multiple choice to privacy. to organize and bargain collectively. to due process on the job. to a safe and healthy workplace.
In the case the ugly side of beautiful nails, the nail salon industry violated the worker rights to a safe and healthy workplace.
What are worker rights?Labor rights, also known as workers' rights, are legal and human rights that pertain to labor relations between employees and employers. These rights are enshrined in domestic and international labor and employment legislation. In general, these rights have an impact on working conditions in employment relationships.
Several university studies and articles from reputable news outlets, such as the New York Times, have condemned the numerous violations of nail salon employees' worker's rights. The nail salon employees were not provided with a safe and healthy working environment.
Therefore, the worker right to a safe and healthy workplace is violated in the case the Ugly Side of Beautiful Nails.
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which of the following is not a lot-sizing technique used in mrp systems?A. Lot-for-lotB. Economic order quantity (EOQ)C. Least Total Cost (LTC)D. Least Unit Cost (LUC)E. Two-bin System (TBS)
Least Total Cost (LTC) is not a lot-sizing technique used in mrp systems. Modifying the net requirement quantities is the process of lot size in material requirements planning.
What is lot-sizing technique ?Prior to the net requirement quantities being converted into planned order receipts and then planned order releases in an MRP system, the process of lot sizing or batching is used in material requirements planning.A lot sizing procedure called lot-for-lot produces exactly the number of orders that are required. Lot or run size is equivalent to the net requirements for that period, or demand for that time, in a materials requirement planning system.The interplay between the choice of lot-sizing guidelines and the choice of MPS freezing parameters under rolling time horizons and various demand uncertainty situations is investigated in this work. The results of this study enable MRP practitioners choose the best lot-sizing rule and MPS freezing parameters and improve knowledge of multilevel MRP performance in a more realistic context.To learn more about lot-sizing refer :
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If the reserve ratio is 5 percent, banks do not hold excess reserves, and people do not hold currency, then when the Fed sells $20 million worth of government bonds, bank reserves
decrease by $20 million and the money supply eventually decreases by $100 million.
increase by $20 million and the money supply eventually increases by $400 million.
decrease by $20 million and the money supply eventually decreases by $400 million.
increase by $20 million and the money supply eventually increases by $100 million.
decrease by $20 million and the money supply eventually decreases by $400 million.
The correct option is: decrease by $20 million and the money supply eventually decreases by $400 million.; if the reserve ratio is 5 percent, banks do not hold excess reserves.
Define the term reserve ratio?The amount of reservable liabilities than commercial reserve requirement onto rather than lend off and invest is known as the reserve ratio.
The central bank of the nation, in this case the Federal Reserve in the United States, sets this criterion. It is often referred to as the ratio of cash reserves.
The amount of money that banks are required to hold with the Reserve Bank of India as a percentage of their Net Time and Demand Liabilities is known as the Cash Reserve Ratio (NDTL).
The goal of CRR is to guarantee the banks' solvency and liquidity.
Thus, if a reserve ratio is 5%, banks do not store extra reserves, and people must not hold currency, the money supply will eventually fall by $400 million and by $20 million.
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When assets are purchased in a group for a single sum, it is referred to as aMultiple choice question.composite purchase.basket purchase.business consolidation.group asset divestiture.
When assets are purchased for a single sum it is known as a basket purchase
Sometimes businesses will buy a number of assets at once; this is known as a basket purchase. It is the purchase of several assets for a single cost, which is then divided among them according to their respective values. When a buyer gets the opportunity to purchase multiple assets for a price that is lower than the total of their individual market values, this type of acquisition often takes place.
The accountant normally records the cost of each asset separately in the fixed assets when many assets are acquired in this way. The appraiser or asset purchase or sale data obtained from a market for the same or similar assets may provide the fair value information necessary to calculate the breakdown of a basket buy.
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assume the initial value of an investment is $1,000 and the growth rate is 8%. using the rule of 70, how many years will it take for the initial value to double? please choose the correct answer from the following choices, and then select the submit answer button. answer choices 8 years about 8.75 years 875 years 1 year
14 years will it take for the initial value to double.
How do you calculate a 70% rule?The rule of 70 is a method for calculating how many years it will take for someone's investment or money to double. The rule of 70 is a computation used to estimate how many years it could take to double an investment at a certain rate of return.The time it will take for your investment to double is calculated by dividing your growth rate by 70. Divide 70 by three, for instance, if your mutual fund has a three percent growth rate. As a result, the doubling time is 23.33 years since 70 times three equals 23.33.The mathematics of compounding are what led to the rule of 70. According to mathematics, a sum that has increased by rate r after t periods is equal to the sum at the beginning multiplied by the exponential of the growth rate r times the number of periods t.Learn more about the rule of 70 refer to :
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the state government currently has a variety of grants management systems across several agencies. the individual agencies sought an enterprise approach to meet their requirements that includes a single application for all agency grant management programs and that
Those will meets the legal requirements of PA Management Directive 107.3.
Explain Section 107.3 - Requirements (Pennsylvania Code (Rules and Regulations)) ?a) Implementation. The programmes' rules for nondiscrimination must be followed by all participants, including applicants, grantees, and others. The requirements cover not only the actions taken by Department employees who are directly involved in the administration of public assistance, but also the services that are purchased from or otherwise obtained by public assistance clients from other agencies, organisations, and institutions, as well as the treatment of clients in the facilities where the services are offered.(b) Discriminatory activities that are illegal to engage in. Discriminatory acts that, directly or indirectly:(1) Refuse to provide a person with any support, care, services, or other benefits provided by the public assistance programmes.
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pina colada corporation makes a commercial-grade cooking griddle. the following information is available for pina colada corporation's anticipated annual volume of 25,900 units. per unit total direct materials $18 direct labor $8 variable manufacturing overhead $14 fixed manufacturing overhead $414,400 variable selling and administrative expenses $7 fixed selling and administrative expenses $51,800 the company uses a 40% markup percentage on total cost.
Here, the cost per unit may total $65 in total.
The amount of money spent by a business to produce one unit of the product it sells is known as the cost per unit, often known as the cost of goods sold or the cost of sales. This sum is disclosed by businesses in their financial statements.
Direct materials = $18
Direct labor = $8
Variable manufacturing overhead = $14
Fixed manufacturing overhead = $414,400/25,900
= $16
Variable selling and administrative expenses = $7
Fixed selling and administrative expenses = $51,800/25,900
= $2
Total cost per unit = Direct materials + Direct labor + Variable and fixed manufacturing overhead + Variable and fixed selling and administrative expenses
= 18 + 8 + 14 + 16 + 7 + 2
= $65
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which of the following classifications of property maintenance includes the day-to-day cleaning and upkeep required to maintain value and tenants?
Custodial maintenance is one of the types of property maintenance that comprises the routine cleaning and maintenance needed to keep a property's value and renters.
What are some examples of classification?You can categorize a set of objects based on a characteristic they share, such as berries or geometric forms. You could group apples into one category, bananas into the other, and on and on. Similar to this, triangles, polyhedral, and other geometric patterns can be categorized.
What are types and classification?As per similarities and differences, recognized species are divided into several groupings or taxa, which is the definition of classification. Phylogenetic classification, Spontaneous classification, and Manufactured classification are the three categories of categorization.
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Life insurance proceeds paid to your heirs are not usually subject to state or federal income taxes.
a. true
b. false
You don't have to declare or include the life insurance benefits you get as the insured person's beneficiary after his or her death in your gross income. You must record any interest you earn as received because it is taxed.
What is life insurance?An agreement between an insurer and the owner of a policy on life insurance exists. A life insurance policy ensures that, in return for the insurance premiums by the policyholder throughout their lifetime, the insurer will pay a certain amount to designated beneficiaries whenever the insured passes away.
To enforce the terms of the contract, the life insurance application must fully reveal the insured's past, present, and high-risk actions.
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isolating relevant costs is desirable because blank . multiple select question. managers prefer to see all costs and benefits associated with a decision all information needed for the total cost approach is rarely available critical information may be overlooked with the total cost approach irrelevant costs may be used incorrectly in the analysis
Isolating relevant costs is desirable because of the following:
B. all information needed for the total cost approach is rarely available.
C. critical information may be overlooked with the total cost approach.
D. irrelevant costs may be used incorrectly in the analysis.
Who is a manager?A manager can be defined as an individual who has been trained to acquire and distribute resources, as well as provide guidance, support, administrative control, and supervision to the employees who are working in a business organization, especially by being morally upright, well behaved, friendly, managing costs, and promoting the business's vison, culture, and values at all times.
As a general rule, the two (2) main goals that an operations manager must keep in mind include the following:
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tomato company signs a 12-year franchise agreement with burger blast. burger blast retained significant powers, rights, and a continuing interest. tomato (the franchisee) makes noncontingent payments of $15,000 per year for the first five years of the franchise. tomato company also pays a contingent fee of 2% of gross sales every month. which of the following statements is true?
The monthly contingent charge may be subtracted by Tomato Company as it is paid.
A technique known as contingent charging pays financial advisors after the transfer of a client's defined benefit pension. It serves as an alternative to up-front fees for pension advice, which might run into the hundreds of pounds.
The Financial Conduct Authority proposed banning contingent charging, a contentious pensions advisory model in which financial advisors are only compensated if a pension transfer is successful, effective July 30, 2019. The ban on contingent charging was approved after a protracted consultation process, and it went into effect on October 1, 2020.
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an increase in the excess reserves banks want to hold, together with people taking currency out of their demand deposit accounts, would:
A financial organization will earn the next credit rating by increasing its level of excess reserves. However, higher excess reserves additionally cause higher chance prices since the money or deposit control isn't endowed to get higher returns, particularly within the long haul.
Loans to banks, loans to alternative corporations, and direct quality purchases by the financial organization all increase the {amount} of reserves within the banking industry by precisely the amount Lent.
As delineated on top, a bank holding excess reserves in such a setting can ask to lend out those reserves at any positive rate of interest, and this extra disposal can decrease the short rate of interest.
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What kind of person is a risk taker?.
Risk takers are inclined to play while the stakes are high. They understand that what they may doubtlessly earn from their investments ought to alternate their lives.
The required details for investments in given paragraph
An funding is an asset or object received with the aim of producing profits or appreciation. Appreciation refers to an growth within side the cost of an asset over time. When an person purchases an amazing as an funding, the purpose isn't always to eat the best however alternatively to apply it within side the destiny to create wealth. An funding usually worries the outlay of a few useful resource nowadays—time, effort, money, or an asset—in hopes of a more payoff within side the destiny than what become at first positioned in. For example, an investor can also additionally buy a economic asset now with the concept that the asset will offer profits within side the destiny or will later be offered at a better price for a profit. An funding entails placing capital to apply nowadays so that it will growth its cost over time.
An funding calls for placing capital to work, within side the shape of time, money, effort, etc., in hopes of a more payoff within side the destiny than what become at first positioned in. An funding can confer with any medium or mechanism used for producing destiny profits, which include bonds, stocks, actual property property, or opportunity investments.
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By coordinating the efforts of supply chain participants, firms that engage in supply chain management are reaching beyond the limits of their own organization's hierarchical structure and creating a new network form of organization among the members of the supply chain.
true
The statement above is true. It is because if the participants in the firms communicate and give an effort for supply chain management, it will make a new relationship and network for a better firms,
In business and economics, Supply chain management generally can be defined as the management of the flow of services and goods and includes all processes that transform raw materials into final products. Supplly chain management also can be defined as the network of all the activities individuals, organizations, resources, and technology involved in the sale of a product and also creation.
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For each of the following situations involving annuities, solve for the unknown. Assume that interest is compounded annually and that all annuity amounts are received at the end of each period. (i= interest rate, and n number of years) (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) (Round your final answers to nearest whole dollar amount. Present Value Annuity Amount n = 1. 4,400 8% 5 2. 321,785 95,000 4 90,000 3. 639,302 10% 100,902 4. 620,000 10 190,000 5. 10% 4 LO
Present Value = [tex]$5.74[/tex], i = [tex]3[/tex]%,n = 5 , i = 6%, Annuity amount = [tex]$72,558[/tex]
we know that
Present value = Annuity amount × Discount factor at i% for n years
1) Present value = 1. 4,400 × Discount factor at 8% for 5 years
from the annuity table [tex]( n = 5, i =8% :- 3.99271)[/tex]
Present Value =[tex]1. 4,400 × 3.99271 = $5.74[/tex]
2)[tex]321,785 = 95,000[/tex] × Discount factor at i% for 4 years
Discount factor at i% for 4 years = [tex]321,785 / 95,000[/tex]
Discount factor at i% for 4 years = [tex]3.387[/tex]
Check Present value annuity table in period 4 row for 3.387
i = [tex]3[/tex]%
3) [tex]639,302 = 100,902[/tex] × Discount factor at 10% for n years
Discount factor at 10% for n years =[tex]639,302 / 100,902[/tex]
Discount factor at 10% for n years =[tex]6.33[/tex]
Check Present value annuity table in 10% column for [tex]3.88965[/tex]
n = 6%
4) 620,000 = 190,000 × Discount factor at i% for 10 years
Discount factor at i% for 10 years =[tex]540,000 / 78,557[/tex]
Discount factor at i% for 10 years = [tex]6.8739895[/tex]
Check Present value annuity table in period 10 row for 6.8739895
i = 4%
5)[tex]230,000[/tex] = Annuity amount × Discount factor at 10% for 4 years
from the annuity table[tex]( n = 4, i =10% :- 3.169865)[/tex]
[tex]230,000[/tex] = Annuity amount ×[tex]3.169865[/tex]
Annuity amount = [tex]230,000 / 3.169865 = $72,558[/tex]
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as a firm progresses through the introduction life-cycle stage, what type of flexible account will it be more likely to use to balance the balance sheet?
As a firm progresses through the introduction life-cycle stage, what type of flexible account will it be more likely to use to balance the balance sheet Issued equity.
A Flexible Spending Account (FSA, additionally referred to as a “bendy spending arrangement”) is a unique account you spend money on which you use to pay for sure out-of-pocket fitness care costs. You do not pay taxes in this cash.
This manner you may keep a quantity identical to the taxes you'll have paid at the cash you place aside. A stability sheet is a monetary declaration that reviews a company's assets, liabilities, and shareholder equity. The stability sheet is one of the 3 center monetary statements which are used to assess a business. It presents a image of a company's finances (what it owns and owes) as of the date of publication.
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jordan inc.'s charter states that there are 50,000 shares of stock authorized with a par value of $5 per share. this typically means that investors must pay a (minimum/maximum) of $5 per share to invest in the corporation.
Jordan Inc's shares are authorized at $5 par value and this typically means that investors must pay a minimum of $5 per share to invest in the corporation.
What is the par value of a share?The Par value of a share is the value of that share according to the corporate charter of a company. It shows what the company believes its shares to be worth based on its assets.
When a company first issues its shares, it is believed that the par value is the minimum that the company's stock should be valued at. This means that investors will need to invest a minimum of the $5 par value, if they are to invest in Jordan Inc.
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What are the 5 factors that affect price?.
The five main factors that affect the price are:-
Cost of production, the utility and demand, the extent of competition in the market, government and legal regulations and pricing objectives. These are the particulars of pricing methods justified in the business world.
Pricing is the act of establishing a value for a product or service. In other words, pricing occurs when a business decides how much a customer must pay for a product or service. The cost of production is the main component of price. No company can sell its product or services at less than the cost of production. An intensive study of the demand for products and services in the market be undertaken before the price fixation.
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Suppose Grandpa Walton deposits his monthly pension check into his bank account. Used in this way, the pension is performing which of the following functions of money? Select one: O A. Store of value. O B. Standard of value. O C. Unit of account. O D. Standard of deferred payment. O E. Medium of exchange
Grandpa Walton's monthly pension check into his bank account is performing the function of A. Store of Value.
What are the different functions of money?
Standard of Value – The amount of money required to obtain a good or service is used to determine its worth. This makes the exchange a profitable endeavor for both parties.Store of Value – Saving money allows you to save some of your purchasing power for use in the future. Through saving, you can use your present income for both immediate and future consumption.The Standard of Deferred Payments – In both lending and borrowing, money is crucial. Money is borrowed and returned after a period of time.A medium of Exchange – The role of money as a middleman in a trade economy. It facilitates and streamlines the exchange system. The amount of money required to obtain a good or service is used to determine its worth. This makes the exchange a profitable endeavor for both parties.Unit of account - Money has the quality of being utilized as an accounting unit. The implication is that financial transactions and the worth of the products and services produced in a nation over time are both measured and recorded in terms of money.To know more about functions of money, check out:
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The farmer wants to install a well to supply water for crop irrigation. Where should the well be installed to ensure that the contaminant plume never reverses direction and intersects the home water supply well?.
Groundwater from wells, surface water, emptying ponds, rainwater, and municipal water area unit is the most source of crop irrigation water.
By victimization varied tubes, containment pumps, and spraying systems, water is unnaturally applied to the soil throughout irrigation. In locations wherever downfall is erratic, their area unit frequent dry spells, or drought is foretold, irrigation is usually used. Irrigation systems are available in a range of shapes and sizes, and they all offer water to the whole space in excellent distribution.
Drinking or getting ready meals victimization irrigation water isn't suggested as a result of it's not thought-about to be safe to consume. An irrigation well is made to preserve the water beneath, and a good contractor can install it so it's a particular distance from any existing septic systems.
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What type of people are risk takers?.
People such as entrepreneurs can be regarded as those who can be termed with the title of 'risk-takers'.
An entrepreneur can be referred to or considered as an individual who conducts a business operation in the regular course of actions, but in a way that is unique and effective for achievement of the personal or individual goals of a person.
Seeking higher returns for the risk is the identity of every entrepreneur, and thus, they are rightly termed as risk takers, because they like to take up problems as challenges, and derive a solution for the same.
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on october 1, 2021, culver corp. issued $936,000, 8%, 10-year bonds at face value. the bonds were dated october 1, 2021, and pay interest annually on october 1. financial statements are prepared annually on december 31.
The balance sheet will be:
Current liabilities:
Bond Interest payable $18,720
Long-term liabilities:
8% Bonds Payable $936,000
Debit accounts receivable and credit billings on construction contract generally can be defined as the journal entry should be made to recognize accounts receivable for long-term construction projects. This journal entry is a "billings in excess of costs" or liability account.
I = P x r x T
Where,
P = Principal = $936,000
R = Rate of Interest = 8% = 0.08
T = Time = 10 years
Hence,
I = $936,000 x 0.08 x 10
I = $748,800
October to December is 3 months
Thus,
Interest payable for 2021 = $74,880 x 3/12 = $18,720
There is a missing part in the question. The complete question can be seen below:
On october 1, 2021, culver corp. issued $936,000, 8%, 10-year bonds at face value. the bonds were dated october 1, 2021, and pay interest annually on october 1. financial statements are prepared annually on december 31.
Show the balance sheet presentation of bonds payable and bond interest payable on December 31, 2021.
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sally company sells 33,000 units at $43 per unit. variable costs are $30.96 per unit, and fixed costs are $214,600. determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) operating income.
The contribution margin ratio is 36% , the unit contribution margin 15%, and operating income is 110,500$.
What do fixed costs actually mean?Any increase or decrease in sales or production quantities has no impact on fixed costs, which are expenses that never change. Because they are not directly involved in the process of creating a good or rendering a service, this is the case.
Which recurring expenses come to mind?Fixed costs include things like rent or lease payments, salary, utility bills, insurance, and loan repayments. Some taxes, like business licenses, are also recurring expenses.
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student credit card deals are often your best choice because they typically offer a lower interest rate. true or false'
It is true that Student credit card deals are a good choice because they typically offer a lower interest rate.
What is a credit card?Credit cards can be regharded as the line of credit which can be used in making purchases, as well as balance transfers and/or cash advances .
It should be noted that with this card more funds can be paid and can help to pay back the loan amount in the future, however Student credit card deals casn be seen as one that is a good choice because they typically offer a lower interest rate compare to opther credit cards outside there.
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which conflict management style should you select if you want to be highly assertive, maximize your own gains, and have minimal concern for others?
An accommodating style, is the type of conflict management style one should select if we want to be highly assertive, maximize your own gains, and have minimal concern for others.
What is an accommodating conflict?An sccommodation conflict is for a situations where you do not care as strongly about the issue as the other person, if prolonging the conflict is not worth your time or when you think you might be wrong. This option is best about keeping the peace, not putting in more effort than the issue is worth, and knowing when to pick battles.
Furthermore, an accommodating style does forsakes a person own needs or desires in exchange for those of others. One would be putting the concerns of others before your own and usually takes place when you simply give in or are persuaded to give in.
As well, this conflict style could be appropriate when others care more about the issue than you do, you want to keep the peace, you feel as though you are in the wrong, or you have no choice but to agree with the other person’s point-of-view.
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until recently, international trading of stocks was limited by group of answer choices transaction costs information costs. exchange rate risk. all of the above
Until recently, international trading of stocks was limited by transaction all of the above.
What are transaction costs?
In the context of market exchange, transaction costs are the expenses incurred. These expenses include the pricing research expenditures as well as the costs associated with creating and enforcing contracts.
A transaction cost is a cost incurred while engaging in any economic trade when participating in a market, according to economics and related sciences. The average price of a single transaction is known as cost per transaction. This is derived by dividing the whole transaction cost by the overall transaction volume.
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a contractor intends to bid on a job installing 30 airport security systems. because this will be a new line of work for the contractor, he believes there will be a learning effect for the job. after reviewing time records from a similar type of activity, the contractor is convinced that an 85 percent curve is appropriate. he estimates that the first job will take his crew eight days to install. how many days should the contractor budget for a. the first 10 installations? (do not round intermediate calculations. round your final answer to 3 decimal places.) number of days b. the second 10 installations? (do not round intermediate calculations. round your final answer to 3 decimal places.) number of days c. the final 10 installations? (do not round intermediate calculations. round your final answer to 3 decimal places.) number of days
42.888 days should the contractor budget for a. the first 10 installation.
a) First 10 installations -
Time for first 10 installations = T1 x T.F.(Total time)10
Now T1= 8 days
T.F.(Total time)10 = 7.116
Time for first 10 installations = 8 x 7.116 = 56.928 days
a) Second 10 installations -
similarly Time for second 10 installations = T1 X ( T.F.(Total time)20 - T.F.(Total time)10) = 8 (12.402-7.116) = 42.888 days
A production price range is an estimate of the cash required to take a production challenge from initiation to closure, together with all related expenses and prices which can be amassed all through the constructing process.
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When merchandise sold is assumed to be in the order in which the purchases were made, the company is using.
When merchandise sold is assumed to be in the order in which the purchases were made the company is using first in, first out (FIFO).
Assuming that the goods sold are sold in the order in which they are spent, the inventory calculation method is called first in, first out. LIFO is an inventory costing method that assigns final costs to manufacture costs.
FIFO Inventory Management attempts to value inventory so that your business is less likely to suffer losses when products expire or become obsolete. LIFO inventory management is suitable for non-perishable goods and uses the current price to calculate the cost of goods sold. Freight costs required to transport inventory to the purchaser's place of business are incurred at the time of sale.
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