This statement is True, a good example of collecting behavioural data would be when a store uses scanners to read barcodes on products selected by consumers.
Barcodes are a machine-readable representation of data that are widely used to identify products and track their inventory. They are typically represented by a series of black and white bars of varying widths and spaces. The most common type of barcode is the one-dimensional (1D) barcode, which is a linear representation of data that is read by a barcode scanner.
Other types of barcodes include two-dimensional (2D) barcodes, which store more information in a smaller space than 1D barcodes, and QR codes, which are commonly used for mobile applications. Barcodes have greatly improved supply chain efficiency and have become a standard for product identification and tracking in various industries, including retail, manufacturing, and healthcare.
To learn more about Barcodes visit here:
brainly.com/question/28257813
#SPJ4
Complete questions: -
A good example of collecting behavioural data would be when a store uses scanners to read bar codes on products selected by consumers. T/F.
What are the major differences between sales-based and communications-based advertising objectives?
Kemp Corporation’s income statement for the year ended December 31, year 7, shows pretax income of $500,000. The following items are treated differently on the tax return and on the accounting records.
Tax Return Accounting Records
Rent income $ 35,000 $ 60,000
Depreciation expense 140,000 110,000
Premium on officer's life insurance none 45,000
Kemp’s tax rate for year 7 is 40%. What is the current portion of Kemp’s total income tax expense for year 7? $218,000
$200,000
$196,000
$178,000
The current portion of Kemp’s total income tax expense for year 7 is option c $ 196,000.
On a company's income statements, pretax earnings are displayed as "Earnings Before Taxes." For the purpose of calculating tax for financial statement purposes, it is the sum to which the corporation tax rate is applied. The Generally Accepted Accounting Principles are used to calculate pretax earnings (GAAP).
Pretax Income $500,000
Add: Accounting Expenses
Depreciation expense $110,000
Premum $45,000
Less: Accounting incomes $60,000
Less: Tax Expenses
Depreciation expense $140,000
Premium $0
Add: Tax Income [Rent] $35,000
Taxable Income $490,000
Tax rate 40%
Current Income Tax $196,000
$196,00 is the current portion of Kemp’s total income tax expense for year 7.
To learn more about tax expense refer here
https://brainly.com/question/29691529#
#SPJ4
After graduation from Accounting & Finance department of ZBC, Million Getaneh entered private practice. The transactions of the business Nov.1 through Nov.30 are as follows:
Nov. 1. Million invested Br.25, 000 in his newly organized business MG Consulting.
Nov 5. Paid Br.6, 000 for rent for three months starting Nov.1.
Nov 9. Purchased office supplies for Br.12, 000; paid 10,000 of the amount & the remaining to be paid at future date.
Nov 15. Purchased Br.4000 of equipment on credit making a 25% down payment.
Nov 18. Delivered tax advisory service for a fee of Br.8000 to Shell Ethiopia plc.
Nov 21. Made a partial payment of Br. 3,000 on the equipment Purchased Nov.15. Nov 30. Determined & recognized the used portion of Supplies, Br.8, 000 & rent expired Br.5,000.
required
A. Journalize the above transactions?
B. Post it on ledger?
C. Prepare trial balance?
D. Prepare financial statements?
The proper Solution for the given Data set of the Balance sheet is provided below.
What is a Balance sheet?The term balance sheet refers to a financial statement that reports a company's assets, liabilities, and shareholder equity at a specific point in time.
1) A. The balance of the owner's equity at the beginning of the period can be calculated by subtracting the liabilities (beginning of the year) from the assets (beginning of the year).B. The balance of assets at the beginning of the year can be calculated by adding the revenue for the year, and additional investment during the period, and subtracting the expenses for the year and withdrawals for the year.
2. A. The owner's equity balance on Jan.1, 19x1 is Br.25,000 and on Jan.31, 19x1 is Br.25,000 + Br.11,000 = Br.36,000.B. The net income or net loss of the business is a net loss of Br.1,500 (withdrawal).
C. The net income or net loss of the business is a net loss of Br.6500 + Br.1500 = Br.8,000 (additional investment + assets taken out of the business).
3. A. Journalizing the transactions:Nov 1: Cash 25,000, Capital 25,000
Nov 5: Rent Expense 6,000, Cash 6,000
Nov 9: Office Supplies 12,000, Accounts Payable 2,000, Cash 10,000
Nov 15: Equipment 4,000, Accounts Payable 4,000, Cash 1,000
Nov 18: Service Revenue 8,000, Cash 8,000
Nov 21: Equipment 3,000, Accounts Payable 1,500, Cash 1,500
Nov 30: Office Supplies Expense 8,000, Rent Expense 5,000.
The balance of assets at the beginning of the year
B. Posting on ledger:Debit Credit
Office Supplies 12,000 Accounts Payable 2,000
Equipment 4,000 Accounts Payable 4,000
Service Revenue 8,000 Cash 8,000
Equipment 3,000 Accounts Payable 1,500
Office Supplies Expense 8,000 Office Supplies 12,000
Rent Expense 6,000 Rent Expense 5,000
Cash 10,000 Office Supplies 2,000
Cash 6,000 Rent Expense 6,000
Cash 1,000 Equipment 1,000
Cash 1,500 Equipment 1,500
C. Trial balance:Debit Credit
Cash 25,000 Cash 25,000
Capital 25,000 Capital 25,000
Equipment 4,000 Equipment 4,000
Service Revenue 8,000 Service Revenue 8,000
Office Supplies 12,000 Office Supplies 12,000
Rent Expense 11,000 Rent Expense 11,000
Accounts Payable 7,500 Accounts Payable 7,500
D. Financial statements are not provided.Learn more about the Balance sheet here:
https://brainly.com/question/26323001
#SPJ1
Complete Question:
Consider the following data extracted from the records of Damot Construction co. &
answer the questions that follow.
Assets (end of the year)……………………………….Br.155, 000
Liabilities (end of the year)…………………………………35, 000
Liabilities (beginning of the year)……………………….…45,000
Additional Information
Withdrawals for the year…………………………………...15, 000
Revenue for the year………. ………………………………..20,000
Expenses for the year…………………………………………15,000
Additional investment during the period……………......25,000
A. The balance of owner’s equity at the beginning of the period.
B. The balance of assets at the beginning of the period.
2. Juilate Auditing firm started operation as of Jan.1,19x1 with a total property of Br.25,000
fully claimed by the owner, Ato Bebisha. After one month’s operation as of Jan.31,19x1, the
total assets of the business increased by Br.11,000.The total creditor’s claims on the same date
account for 20% of the total assets.
Required
A. Compute the owner’s equity balance on Jan.1, 19x1 & Jan.31, 19x1.
B. Assume that there was no additional investment during the period but a withdrawal of Br.1,
500 was made. What is the net income or net loss of the business? (Identify the figure as
net income or a net loss.)
C. Assume that the additional investment &b assets taken out of the business by the owner are
Br.6500 & Br.1500 respectively. Then what is the net income or net loss of the business?
(Identify the figure as net income or net loss).
3. After graduating from the Accounting & Finance department of ZBC, Million Getaneh entered
private practice. The transactions of the business from Nov.1 through Nov.30 are as follows:
Nov. 1. Million invested Br.25, 000 in his newly organized business MG Consulting.
5. Paid Br.6, 000 for rent for three months starting Nov.1.
9. Purchased office supplies for Br.12, 000; paid 10,000 of the amount & the remaining
to be paid at future date.
15. Purchased Br.4000 of equipment on credit making a 25% down payment.
18. Delivered tax advisory service for a fee of Br.8000 to Shell Ethiopia plc.
4 | P a g e
21. Made a partial payment of Br. 3,000 on the equipment Purchased on Nov.15.
30. Determined & recognized the used portion of Supplies, Br.8, 000 & rent expired
Br.5,000.
Required
A. Journalize the above transactions?
B. Post it on the ledger?
C. Prepare trial balance?
D. Prepare financial statements?
Which of the following is not an example of a situation in which a contract may be discharged by operation of law?
O Impossibility
O Bankruptcy
O Frustration of purpose
O Conditions of the contract are not met
D) Conditions of the contract are not met s not an example of a situation in which a contract may be discharged by operation of law.
A contract may be discharged by operation of law under certain circumstances, such as impossibility, bankruptcy, and frustration of purpose.
Impossibility occurs when an event makes it impossible for either party to fulfill its obligations under the contract. Bankruptcy results in the discharge of certain contracts and obligations of the bankrupt party. The frustration of purpose occurs when the purpose of the contract is destroyed by an unforeseeable event.
However, the mere failure of one party to meet the conditions of the contract, such as failure to make payments or perform other obligations, does not discharge the contract by the operation of law. In this case, the non-breaching party must seek legal remedies, such as a court order to enforce the contract or compensation for damages.
For more questions like Contract click the link below:
https://brainly.com/question/2669219
#SPJ4
Read each statement pertaining to the case. Then, select the part of a system that the statement best represents.
1. Floats, boogie boards, umbrellas, and lounge chairs
Inputs
2. Customers' great vacation experiences
Outputs
3. Customers approach the rental wagon to inquire about rates and rent the items
Inputs Incorrect
4. Employees' helpful and friendly attitudes
Transformational processes Incorrect
5. Asking current customers what would make their rental experience better
Feedback
6. Employee brings the umbrella to the customer's location and sets it up
Outputs Incorrect
7. Sam's profitability returning to record-high levels
Feedback Incorrect
8. Current customers' comments about their experiences
Feedback
You can learn more about system at
https://brainly.com/question/14688347
#SPJ4
sofia (single) is a 50 percent owner in beehive llc (taxed as a partnership). sofia does not do any work for beehive. beehive llc reported $600,000 of taxable business income for the year (2022). before considering her 50 percent business income allocation from beehive and the self-employment tax deduction (if any), sofia's adjusted gross income is $150,000 (all employee salary). sofia has $35,000 in itemized deductions. answer the following questions for sofia.
Sofia's taxable income for the year 2022 will be $455,000. This is calculated as follows:
Her adjusted gross income (AGI) from her employee salary is $150,000.
Her 50% allocation from Beehive LLC is $600,000 x 50% = $300,000.
Her AGI before itemized deductions is $150,000 + $300,000 = $450,000.
She has $35,000 in itemized deductions, reducing her AGI to $415,000.
Finally, the self-employment tax deduction, if any, will further reduce her taxable income, but it is not specified in the information provided.
Sofia must pay income tax on her share of Beehive LLC's income, even though she does not perform any work for the company. As a partner in the business, she is responsible for paying taxes on her portion of the company's profits.
For more questions like Taxable income click the link below:
https://brainly.com/question/17961582
#SPJ4
True or False, one disadvantage of forming a corporation rather than a partnership is that this makes it more difficult for the firm's investors to transfer their ownership interests.
One disadvantage of forming a corporation rather than a partnership is that this makes it more difficult for the firm's investors to transfer their ownership interests. The statement is False.
What is a partnership?When two or more two people come up with the objective to manage the operation of a business by making an alliance by sharing capital for investment and profit or loss of the organization. The collaboration is said to be a partnership.
A corporation is a business organization where financial investments are made by stockholders in return for a portion of the organization's profits or ownership.
Therefore, the statement is false.
Learn more about Partnership, here:
https://brainly.com/question/28261253
#SPJ1
Discus the difference and similarities between Share capital, Term loans, Bonds, Deferred credit, Incentive sources, and Miscellaneous sources. Elaborate them with enough example based on our country Ethiopia.
A bond is a fixed-income instrument representing a loan made by an investor to a borrower that could be firms or government. They pay interest annually. A loan is a debt-instrument provided by financial institutions or banks to individuals or corporates.
The biggest similarity between stocks and bonds is that both of them are financial securities sold to investors to raise money. With stocks, the company sells a part of itself in exchange for cash. With bonds, the entity gets a loan from the investor and pays it back with interest.
Shares are part-ownership in a company, bonds are IOUs
Simply put, when an investor buys shares they are buying part of a company; when they buy bonds, they are lending money to a company. Shareholders OWN part of a company whereas bondholders are OWED money by a company.
Deferred credit is money that is received by a company but not immediately reported as income because it has not yet been earned.
An incentive is an object, item of value, or desired action or event that spurs an employee to do more of whatever was encouraged by the employer through the chosen incentive.
The following are the trial balance and other information related to Soft Tech, a
consulting engineer.
Soft Tech, Consulting Engineer
Trial Balance
December 31, 2022
Debit Credit
Cash Br. 59,000
Accounts Receivable 99,200
Allowance for Doubtful Accounts Br. 1,500
Supplies 3,920
Prepaid Insurance 2,200
Equipment 50,000
Accumulated Depreciation—Equipment 12,500
Notes Payable 14,400
Share, Capital 104,020
Dividend 34,000
Service Revenue 200,000
Rent Expense 19,500
Salaries and Wages Expense 61,000
Utilities Expense 2,160
Office Expense 1,440
Br. 332,420 Br. 332,420
Other data:
1. Fees received in advance from clients Br.12,000.
2. Services performed for clients that were not recorded by December 31,
Br.9,800.
3. Bad debt expense for the year is Br.2,860.
4. Insurance expired during the year Br.960.
5. Equipment is being depreciated at 10% per year.
6. Fine Tech gave the bank a 90-day, 10% note for Br.14,400 on December 1,
2022.
7. Rent of the building is Br.1,500 per month. The rent for 2022 has been
paid, as has that for January 2023.
8. Salaries and wages earned but unpaid December 31, 2022, Br.5,020.
Instructions
a. From the trial balance and other information given, prepare annual
adjusting entries as of December 31, 2022.
b. Prepare the worksheet
c. Prepare an income statement for 2022, a statement of owner’s equity,
and a classified statement of financial position.
d. Maintain the necessary closing entry.
From the trial balance and other information given, the annual adjusting entries as of December 31, 2022 are prepared.
What are adjusting entries?Accounting journal entries made at the end of an accounting period after a trial balance has been prepared are referred to as adjusting entries. It enables us to allocate revenues and expenses to the fiscal period in which they occurred.
a. Adjusting Entries
1. Unearned Service Revenue:
Debit Service Revenue 12,000
Credit Unearned Service Revenue 12,000
2. Accrued Salaries and Wages:
Debit Salaries and Wages Expense 5,020
Credit Salaries Payable 5,020
3. Depreciation Expense:
Debit Depreciation Expense 5,000
Credit Accumulated Depreciation—Equipment 5,000
(Calculation: 50,000 x 10% = 5,000)
4. Supplies Expense:
Debit Supplies Expense 3,920
Credit Supplies 3,920
5. Insurance Expense:
Debit Insurance Expense 960
Credit Prepaid Insurance 960
6. Bad Debt Expense:
Debit Allowance for Doubtful Accounts 2,860
Credit Bad Debt Expense 2,860
7. Revenue Recognition:
Debit Unearned Service Revenue 9,800
Credit Service Revenue 9,800
b. Trial Balance (Adjusted)
Debit Credit
Cash Br. 59,000
Accounts Receivable 99,200
Allowance for Doubtful Accounts Br. 4,360
Supplies -
Prepaid Insurance 1,240
Equipment 50,000
Accumulated Depreciation—Equipment 17,500
Notes Payable 14,400
Share, Capital 104,020
Dividend 34,000
Service Revenue 209,800
Rent Expense 19,500
Salaries and Wages Expense 66,020
Utilities Expense 2,160
Office Expense 1,440
Unearned Service Revenue -
Salaries Payable -
Br. 377,680 Br. 377,680
c. Financial Statements
Income Statement for 2022
Service Revenue 209,800
Rent Expense 19,500
Salaries and Wages Expense 66,020
Utilities Expense 2,160
Office Expense 1,440
Depreciation Expense 5,000
Bad Debt Expense 2,860
Insurance Expense 960
Total Expenses 97,880
Net Income 112,920
Statement of Owner’s Equity
Capital, January 1, 2022 104,020
Net Income 112,920
Dividend 34,000
Capital, December 31, 2022 150,940
Classified Statement of Financial Position
Assets
Cash Br. 59,000
Accounts Receivable 99,200
Allowance for Doubtful Accounts Br. 4,360
Prepaid Insurance 1,240
Equipment 50,000
Accumulated Depreciation—Equipment 17,500
Total Assets 231,300
Liabilities
Notes Payable 14,400
Salaries Payable 5,020
Total Liabilities 19,420
Owners’ Equity
Capital 150,940
Total Liabilities and Owners’ Equity 231,300
d. Closing Entries
Debit Service Revenue 209,800
Credit Revenue 209,800
Debit Expense Accounts 97,880
Credit Income Summary 97,880
Debit Income Summary 112,920
Credit Capital 112,920
Learn more about adjusting entries, click here:
brainly.com/question/28867174
#SPJ1
The owner of an ice cream shop wants to determine whether there is a relationship between ice cream sales and temperature. The owner collects data on temperature and sales for a random sample of 30 days and runs a regression to determine if there is a relationship between temperature (in degrees) and ice cream sales. The p-value for the two-sided hypothesis test is 0.04. How would you interpret the p-value?
If there is no relationship between temperature and sales, the chance of selecting a sample this extreme would be 4%.
The owner of an ice cream shop wants to determine whether there is a relationship between ice cream sales and temperature. 4)There is a 4% chance that there is no relationship between temperature and revenue.
Given that the proprietor of an ice cream business wants to know if there is a link between ice cream sales and temperature.
The owner collects temperature and sales data for a 30-day random sample and performs a regression to see if there is a relationship between temperature (in degrees) and ice cream sales.
A) The p value represents the likelihood of rejecting the null hypothesis when it is true.
The null hypothesis in this situation would have been that there is no association between temperature and sales.
The likelihood of concluding that there is a relationship between temperature and sales when there is none exists is merely 0.04.
To know more about p-value:
https://brainly.com/question/14606598
#SPJ4
Correct question:
The owner of an ice cream shop wants to determine whether there is a relationship between ice cream sales and temperature. The owner collects data on temperature and sales for a random sample of 30 days and runs a regression to determine if there is a relationship between temperature (in degrees) and ice cream sales. The p-value for the two-sided hypothesis test is 0.04.
A. How would you interpret the p-value?
1)If there is no relationship between temperature and sales, the chance of selecting a sample this extreme would be 4%.
2)If there is a relationship between temperature and sales, the chance of seeing a regression coefficient this large would be 4%.
3)There is a 4% chance that there is a relationship between temperature and revenue.
4)There is a 4% chance that there is no relationship between temperature and revenue.
the manager of a burger restaurant faces conflict when she must decide whether to cut hours for all employees or layoff two employees.
True, the manager of a burger restaurant faces a trade off in deciding whether to cut hours for all employees or lay off two employees.
Making decisions entails comparing the cost and benefit analysis with alternative courses of action, which is known as the opportunity cost of an item. Thus, the opportunity cost of an item is what you give up to get that item.
Hence, the manager has to compare the cost and benefits of the reduction in the hours for all employees with the alternative cost of action i.e. layoff two employees. The decision will be based on many factors like which of the above actions will increase the output, profits and reduction in costs.
To know more about opportunity cost click here
https://brainly.com/question/1549591
#SPJ4
The formula for the marginal utility per-dollar-spent of a product is the marginal utility of the product divided by its____.
The formula for the marginal utility per-dollar-spent of a product is the marginal utility of the product divided by its price.
When customers pay for a product or service, they place a monetary value on the benefits it brings. This is referred to as "utility." It is the pleasure or contentment derived by a consumer from a product or service.
The difference in satisfaction that a consumer experiences when one or more new units of a good or service are introduced is referred to as marginal utility.
Utility is important in consumer theory, which is the study of how people spend their money. This will be determined by the amount of revenue a consumer has, their economic limits, their needs, wants, and personal preferences.
Marginal utility is calculated as:
MU = Change In Total Utility” / “Change In Units
Marginal utility per dollar spent is calculated as:
MU per dollar spent = MU / price
Learn more about marginal utility here:
https://brainly.com/question/15050855
#SPJ4
When tax rates are constant, taxpayers should ______ tax deductions and ______ recognizing taxable income.
accelerate; defer
When tax rates are constant, taxpayers should accelerate tax deductions and defer recognize taxable income.
Taxes have several benefits, including:
Funding for public goods and services such as infrastructure, education, and health.Reduction of income inequality by redistributing wealth through transfer programs.Economic stabilization through fiscal policy, such as adjusting government spending during an economic downturn.Encouraging certain behaviors, such as investing in renewable energy, through tax incentives.Maintenance of the government's ability to carry out its responsibilities and fulfill its obligations to citizens.Facilitate the democratic process by providing a stable source of funding for the government.Taxes are mandatory payments made by individuals and businesses to the government. Money raised through taxes is used to fund public goods and services, such as infrastructure, education, and health. Taxes can take several forms, including income taxes, sales taxes, property taxes, and others. The amount of tax paid, and the specific tax charged, may vary depending on jurisdiction and individual circumstances. The government uses taxes to carry out its responsibilities and fulfill its obligations to citizens.
You can learn more about Taxes here brainly.com/question/16423331
#SPJ4
Sydney needs to borrow money to buy a home. Suppose that the saving rate in the country is expected to decrease. Assuming nothing else changes, this means that if Sydney borrows now, her cost of borrowing money is expected to increase due to the following factor: a. Falling Interest rates
b. Increasing preferences for future consumption
c. Increasing preferences for current consumption
If Sydney borrows now, her cost of borrowing money is expected to increase due to the b) Increasing preferences for future consumption.
When the saving rate in a country decreases, it means that people are spending more and saving less. This increased demand for borrowing will put upward pressure on interest rates, making it more expensive for Sydney to borrow money.
This increase in the cost of borrowing is due to the fact that when the future demand for loans increases, people become less willing to lend their money at a lower rate, and so they demand a higher return. This is reflected in higher interest rates, which are an indicator of the cost of borrowing money.
The decrease in the saving rate and the increase in the demand for loans lead to increasing preferences for future consumption, which in turn causes an increase in the cost of borrowing for Sydney.
For more questions like Borrowing click the link below:
https://brainly.com/question/14273351
#SPJ4
Are there any black diagnostics in BlockWorks relating to Syd's health insurance?
No, there are no black diagnostics related to health insurance. There is a black diagnostic to calculate Roman's CHIP insurance.
What is the meaning of Insurance?Insurance is a tool for risk management. You purchase protection against unforeseen financial losses when you purchase insurance. If something unpleasant happens to you, the insurance company pays you or another individual of your choosing. If you don't have insurance as well as an accident occurs, you can be liable for all expenses.
The insurance company (insurer), as well as the person, are the two parties to the legal agreement that governs insurance (insured). In this, the insurance provider guarantees to cover the insured's damages should the insured scenario materialize. The contingency is the loss-producing circumstance.
Learn more about Insurance here:
https://brainly.com/question/28096733
#SPJ1
it addresses how financial resources are obtained, allocated, and managed by a person, a business organization, or a governmental entity.
Financial management addresses how financial resources are obtained, allocated, and managed by a person, a business organization, or a governmental entity.
The goal of financial management is to maximize the value of the organization by making effective and efficient use of its financial resources. This involves making decisions about investments, financing, and the distribution of profits to stakeholders. Financial management plays a critical role in the long-term success of an organization and requires a strong understanding of financial markets, financial instruments, and the behavior of financial institutions.
To know more about financial management here
https://brainly.com/question/29221850
#SPJ4
uppose that smoking creates a negative externality. if the government imposes a per-cigarette tax equal to the per-cigarette externality, then
The answer is , the after-tax equilibrium quantity of cigarettes smoked will equal than the socially optimal quantity of cigarettes smoked.
What is an externality, in simple terms?Externalities are instances where the effects of the production or consumption of goods and services result in costs or benefits for others that are not accounted for in the prices charged for the goods and services being offered.
Which four categories of externalities exist?There are four distinct categories of externalities in economics: positive consumption and positive production externalities, as well as negative consumption and negative production externalities. Positive externalities, as their names suggest, typically have a positive impact, and negative ones typically have the reverse.
To know more about Externality visit:
https://brainly.com/question/24233609
#SPJ4
Murphy manufacturing estimated total manufacturing a overhead for 2017 to be $100,000 and uses direct labor-hours as the allocation base. They estimated that 5,000 hours would be used. Actual overhead for 2017 was $120,000 and actual direct labor-hours were 7,500. How much overhead for 2017 was applied to a job completed during 2017 that used 200 direct labor-hours?
$4,000 of overhead for 2017 was applied to a job completed during 2017 that used 200 direct labour-hours.
What is overhead?The term "overhead" describes ongoing business costs that aren't directly connected to providing a good or service. It is crucial for budgeting and for figuring out how much a business must charge for its goods or services in order to turn a profit. In a nutshell, overhead is any expense incurred to support the business but not directly related to a particular good or service.
Regardless of how much or how little a business sells, it must continually pay overhead. For instance, in addition to the direct costs of providing its service (such as labour and supplies), a service-based business with an office has overhead costs like rent, utilities, and insurance.
The predetermined overhead rate = $100,000 ÷ 5,000 direct labour-hours = $20 per direct labour-hour.
The overhead applied to the job = $20 per direct labour-hours ×200 direct labour-hours = $4,000.
Thus, $4,000 of overhead for 2017 was applied to a job completed during 2017 that used 200 direct labour-hours.
Learn more about overhead
https://brainly.com/question/29037936
#SPJ4
Suppose that Andrew and Beth are the only consumers of pizza slices in a particular market. The following table shows their annual demand schedules:
Price. Andrew's Quantity Demanded. Beth's Quantity Demanded
($ per slice) (Slices) (Slices)
1 40 60
2 30 40
3 20 30
4 10 20
5 0 10
On the following graph, plot Andrew's demand for pizza slices using the green points (triangle symbol). Next, plot Beth's demand for pizza slices using the purple points (diamond symbol). Finally, plot the market demand for pizza slices using the blue points (circle symbol).
Now, suppose that Beth's twin brother, who likes pizza just as much a Beth, moves to the area, adding another consumer in the market. As a result, there will be a______________ the market demand curve because there will be a change in quantity demanded ____________________ .
Suppose that Beth's twin brother, who likes pizza just as much a Beth, moves to the area, adding another consumer in the market. As a result, there will be an increase in the market demand curve the market demand curve because there will be a change in quantity demanded for pizza slices, as the new consumer adds to the total demand for the product in the market .
The market demand curve is a graphical representation of the relationship between the quantity of a particular product that consumers are willing and able to purchase, and the price of that product. In other words, it shows the total amount of a good or service that all consumers in a market would be willing to purchase at different prices. The market demand curve is derived by adding together the individual demand curves for all consumers in a market.
A market demand curve slopes downward, reflecting the negative relationship between price and quantity demanded. When the price of a good decreases, consumers are more likely to purchase more of it, leading to an increase in the quantity demanded. Conversely, when the price of a good increases, consumers are less likely to purchase it, leading to a decrease in the quantity demanded.
To learn more about Market demand curve visit here:
brainly.com/question/27325431
#SPJ4
The functions of a ______________ are to select transport providers, develop tracking and other information systems, design packaging, storage, and material handling processes, and manage interactions with transportation providers.
A logistics manager or logistics coordinator is responsible for these functions like managing interactions with transportation providers.
A logistics manager is responsible for overseeing the movement and storage of goods and materials. This includes selecting transportation providers, such as trucking companies or shipping lines, to move the goods from one location to another. They also develop tracking and other information systems to monitor the progress of shipments and ensure they are delivered on time. Additionally, they design packaging, storage, and material handling processes to ensure that goods are properly handled and stored. Particularly, they manage interactions with transportation providers to ensure that all logistics activities are running smoothly and efficiently. In other words, their main function is to plan, implement and supervise all aspects of the logistics process to make sure the goods or materials are shipped, stored, and delivered on time, in the most cost-effective way.
To learn more about Logistics management,
https://brainly.com/question/17058676
Which of the following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States? Select all that apply.A. The costs of over-fishing and other overly intensive uses of resourcesB. The quality of goods available to consumersC. Federal government paychecks to soldiersD. The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the governmentE. All the above
Federal government pay checks to soldiers are accounted for in GDP as government purchases, thus option C is correct.
What is GDP?The standard way to measure the value added produced by the production of goods and services in a nation over a specific time period is the gross domestic product (GDP). As a result, it also accounts for the revenue generated by that production, or the total amount spent on finished goods and services (less imports).
While GDP is the single most significant indicator for capturing economic activity, it is insufficient for measuring people's material well-being, for which other indicators may be more suitable. This indicator is based on nominal GDP, which is also known as GDP at current prices or GDP in value. It comes in two different measurements: US dollars and US dollars per capita (current PPPs).
Learn more about GDP
https://brainly.com/question/15899184
#SPJ4
Identify each of the following items as assets, liabilities, or equity from the drop down provided. G 1. Computer equipment 2. Wages payable 3. Dividends 4. Equipment 5. Salaries payable 6. Land Assets Equity Liabilities
Identify each of the following items as
1. Computer Equipment - Assets
2. Wages payable - Liabilities
3. Dividends - Current Liability
4. Equipment - Assets
5. Salaries payable - Liabilities
6. Land - Assets
7. Equity - Liabilities
What is an asset?An asset is considered a resource of the business that has an economic value in the future to the business which helps business activities to take place smoothly.
This is referred to as owning the business to carry out natural functioning. Both fixed and current assets are included. In contrast to current assets, which include creditors and bill receivables, fixed assets include things like buildings, machinery, and land.
Learn more about Assets, here:
https://brainly.com/question/13848560
#SPJ1
When there are two people and each is capable of producing two goods, it is possible for one person to have a comparative advantage over the other in both goods. True or False
It is FALSE to state that when there are two people and each is capable of producing two goods, it is possible for one person to have a comparative advantage over the other in both goods.
What is comparative advantage?In an economic model, agents have a comparative advantage over others if they can produce that good at a lower relative investment return or autarky price, i.e. at a lower relative marginal cost prior to trade.
The law of comparative advantage is commonly given to David Ricardo, who outlined the idea in his book "On the Principles of Political Economy and Taxation," which was published in 1817. The concept of comparative advantage, on the other hand, may have evolved with Ricardo's mentor and editor, James Mill, who also published on the issue.
Learn more about comparative advantage:
https://brainly.com/question/13221821
#SPJ1
In which of the following situations would monetary policy be least effective?
a. controlling inflation
b. slowing expansion
c. controlling inflation and recession
d. controlling recession
Answer:
Explanation:
Keeping rates very low for prolonged periods of time can lead to a liquidity trap. This tends to make monetary policy tools more effective during economic expansions than recessions.
so Answer D is right.
Which of the following statements is true about marketing?
a. Marketing activities are relatively stable over time.
b. It always creates value for the firm.
O
c. All types of organizations need marketing.
O d. Marketing prevents the consumption of harmful products.
Oe. It is the best paying job in management.
Answer:
C. All types of organizations need marketing.
Explanation:
Aschli, a member, prepares individual tax returns for about 300 clients during the year. In addition, she prepares approximately 50 business returns. Aschli uses three full-time and two per-
diem tax preparers during the busy season to assist her in the preparation of the aforementioned tax returns. Sean Williams has been going to Aschli for the past five years to have joint tax
returns prepared for himself and his wife Madison. Their tax returns for the year 20X6 were completed and filed on April 12, 20X7. Sean and Madison have decided to get a divorce and on
June 16, 20X7 Aschli receives a request from Sean for copies of previously filed tax returns and supporting schedules. On July 12, 20X7 Aschli receives a request from Madison for copies of
the same returns and supporting schedules. Aschli has never met nor spoken to Madison Williams at any time during Aschli's engagement to prepare the joint tax returns for Sean and
Madison Williams. In addition, Sean Williams has requested that information not be provided to Madison Williams. Which of the following statements is true regarding Aschli's obligation to
provide copies to both Sean and Madison Williams as it relates to the rules regarding client confidential information?
C) Since Aschli has never met nor spoken to Madison Williams, Aschli is not obligated to provide copies of returns to her and such disclosure would violate confidentiality rules.
C) Madison Williams must provide Aschli with a legally enforceable subpoena before Aschli can provide Madison with copies of tax returns.
C) Since Aschli has worked exclusively with Sean Williams over the years, Aschli has no obligation to provide copies of returns to Madison Williams and such disclosure would violate confidentiality
rules.
C) None of the above
Since Aschli has worked exclusively with Sean Williams over the years, Aschli has no obligation to provide copies of returns to Madison Williams and such disclosure would violate confidentiality rules. The correct option is C.
Why is it called a tax return?The word "return" has several definitions, including official reports. An income tax return is, in this sense, a legally required report of pertinent financial information.
About 300 clients receive individual tax return preparation services from member Aschli each year. Additionally, she completes about 50 business tax returns. During the busy season, Aschli employs two per-diem and three full-time tax preparers to help her with the aforementioned tax returns.
Thus, the ideal selection is option C.
Learn more about tax returns here:
https://brainly.com/question/21214035
#SPJ1
Mortgage-backed securities were created when ________ began buying mortgage loans from originators and bundling them into large pools that could be traded like any other financial asset.
A. GNMA B. FNMA C. FHLMC D. FNMA and FHLMC
E. GNMA and FNMA
Mortgage-backed securities were created when FNMA (Federal National Mortgage Association) and FHLMC (Federal Home Loan Mortgage Corporation) began buying mortgage loans from originators and bundling them into large pools that could be traded like any other financial asset. So option C and D are correct.
A mortgage-backed security (MBS) is a type of investment that is backed by a pool of mortgage loans. It is created by purchasing mortgage loans from originators (such as banks and mortgage companies) and then bundling them together into a large pool. The pool of loans is then divided into individual securities, each of which represents an ownership interest in the pool of loans. These securities can be bought and sold just like any other financial asset, such as stocks or bonds.
FNMA (Federal National Mortgage Association) and FHLMC (Federal Home Loan Mortgage Corporation) are government-sponsored entities that were created to provide stability to the mortgage market by purchasing mortgage loans from originators and creating mortgage-backed securities. This allows originators to free up capital to make new loans, and also provides investors with a new type of investment that provides a steady stream of income from mortgage payments.
You can learn more about mortgage-backed security (MBS) at
https://brainly.com/question/28524453
#SPJ4
which of the following statements regarding employees today is accurate? question 6 options: the majority of employees have children under 18. most people still enjoy work and want to excel at it. remaining with a single employer is a top priority. personal success is defined only in terms of financial gains. next page
Most people still enjoy work and want to excel at it. remaining with a single employer is a top priority.
Which of the following is a human resource dilemma that businesses must resolve as a result of globalization?
Because of globalization, businesses must now weigh a complex range of factors relating to many geographies, including various cultures, employment regulations, and business practices, as well as the security of personnel and facilities abroad.
Which of the following is not the main effect that technology has had on human resource management?
It has reduced the importance of managers in leading staff. The provision of a direct access to job sources like Monster.com is excluded from the operational influence of information technology on HRM.
Learn more about Globalisation:
brainly.com/question/25499191
#SPJ4
In 2016 the Better Business Bureau settled 80% of complaints they received in the United States. Suppose you have been hired by the Better Business Bureau to investigate the complaints they received this year involving new car dealers. You plan to select a sample of new car dealer complaints to estimate the proportion of complaints the Better Business Bureau is able to settle. Assume the population proportion of complaints settled for new car dealers is 0.80, the same as the overall proportion of complaints settled in 2016.
Based upon a sample of 220 complaints, what is the probability that the sample proportion will be within 0.04 of the population proportion? (Round your answer to four decimal places.)
Based upon the larger sample of 470 complaints, what is the probability that the sample proportion will be within 0.04 of the population proportion? (Round your answer to four decimal places.)
As measured by the increase in probability, how much do you gain in precision by taking the larger sample in part (d)?
The standard deviation of the sample proportion is given by sqrt(p * (1-p) / n), where p is the population proportion of complaints settled and n is the sample size.
a) For a sample of 220 complaints, the standard deviation of the sample proportion is:
sqrt(0.80 * (1 - 0.80) / 220) = 0.039
The standard normal Z-score corresponding to a confidence level of 0.04 is:
Z = abs(p_hat - p) / SE = abs(0.80 - 0.80) / 0.039 = 0
Using a standard normal table, the probability of getting a Z-score less than or equal to 0 is 0.5000. So the probability that the sample proportion will be within 0.04 of the population proportion is:
2 * P(Z <= 0) = 2 * 0.5000 = 1.000
b) For a sample of 470 complaints, the standard deviation of the sample proportion is:
sqrt(0.80 * (1 - 0.80) / 470) = 0.023
The standard normal Z-score corresponding to a confidence level of 0.04 is:
Z = abs(p_hat - p) / SE = abs(0.80 - 0.80) / 0.023 = 0
Using a standard normal table, the probability of getting a Z-score less than or equal to 0 is 0.5000. So the probability that the sample proportion will be within 0.04 of the population proportion is:
2 * P(Z <= 0) = 2 * 0.5000 = 1.000
c) As measured by the increase in probability, there is no gain in precision by taking the larger sample in part (b). Both probabilities are 1.000.
To know more about problems related to probability of population
brainly.com/question/30034780
#SPJ4
Customer relationship management CRM the process of identifying prospective buyers, understanding them intimately, and developing favorable long term perceptions of the organization and its offerings so that buyers will choose them in the marketplace.
Customer relationship management (CRM) is a strategic approach that leverages technology and data to build stronger, more profitable relationships with customers. By understanding customers better and delivering a positive customer experience, organizations can increase customer loyalty, boost revenue, and achieve long-term success.
Customer Relationship Management (CRM) is a business strategy that focuses on managing and improving interactions between a company and its customers. This is accomplished by utilizing technology and data to understand customer behavior, preferences, and needs. The goal of CRM is to develop and maintain long-term relationships with customers by providing them with personalized and high-quality service and support. CRM helps companies to manage customer data, track sales and marketing efforts, and improve customer engagement and loyalty.
By using CRM, companies can better understand their customers, track their buying habits and behavior, and develop targeted marketing and sales strategies. By improving customer relationships, companies can increase customer satisfaction and retention, as well as improve the overall efficiency and profitability of their business. In today's competitive business environment, effective CRM is essential for success.
To learn more about Customer relationship management visit here:
brainly.com/question/13925067
#SPJ4
