As A Manager,discuss to your team the three steps of control and explain the characteristics/features of controlling as a function of management

Answers

Answer 1

Control is an essential function of management that involves monitoring and regulating activities to ensure they align with organizational goals. It consists of three steps: establishing performance standards, measuring actual performance, and taking corrective actions. Controlling as a function of management possesses several characteristics and features, including its forward-looking nature, its continuous process, its focus on deviations, its flexibility, and its role in achieving organizational effectiveness.

In order to maintain effective performance and achieve organizational objectives, control as a function of management involves three crucial steps. Firstly, it requires establishing clear performance standards or benchmarks that define what needs to be accomplished. These standards may include productivity targets, quality measures, budget allocations, or timelines. Secondly, actual performance is measured and compared against the established standards. This step involves collecting relevant data, analyzing performance metrics, and identifying any deviations or variances. Lastly, corrective actions are taken to address any deviations from the standards. This involves evaluating the root causes of the deviations and implementing necessary adjustments or interventions to bring performance back on track.

Controlling as a function of management possesses several characteristics and features that contribute to its effectiveness. Firstly, it is forward-looking, as it involves setting performance standards and continuously monitoring progress towards achieving goals. Secondly, it is a continuous process that occurs throughout all stages of operations, ensuring that performance remains consistent and aligned with objectives. Thirdly, controlling focuses on deviations from the standards, allowing managers to identify areas that require improvement or attention. Additionally, controlling is flexible, allowing for adjustments in response to changing circumstances or unexpected events. Finally, controlling plays a critical role in achieving organizational effectiveness by ensuring that activities are in line with plans, facilitating coordination among different departments, and facilitating the achievement of desired outcomes.

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Related Questions

There are six "Categories" of accounts. List each category and
the side of the T account that you would use to increase that
account.

Answers

There are six categories of accounts in accounting. They are assets, liabilities, equity, revenue, expenses, and dividends.

Asset Accounts: The T account's left-hand side is used to increase asset accounts.

Liability Accounts: The T account's right-hand side is used to increase liability accounts.

Equity Accounts: The T account's right-hand side is used to increase equity accounts.

Revenue Accounts: The T account's right-hand side is used to increase revenue accounts.

Expense Accounts: The T account's left-hand side is used to increase expense accounts.

Dividends Accounts: The T account's left-hand side is used to increase dividend accounts.

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Monk Consortram Corp. (Monk-Con) currently has $575,000 in total assets and sales of $1,820,000. Half of Monk-Con's total assets come from net foxed assets, and the rest are aurrent assets. The firm expects sales to grow by 22% in the next year. According to the AFN equation, the amount of additional assets required to support this level of sales is $ Monk-Con was using its foxed assets at only 93% of capaoty last year. How much sales could the firm have supported last year with its current level of fixed assets? $1,565,591 $2,348,387 $1,956,989 51,859,140 When you consider that Monk-Con's fixed assets were being underused, its target foxed assets to sales ratio should be % \%. When you consider that Monk-Conis fixed assets were being underused, how much foxed assets must Monk-Con raise to support its expected sales for next year? 346,438 335,698 $36,763 $30,956

Answers

1. T he amount of additional assets required to support the next year's sales growth for Monk-Con is approximately $215,040.

2. Monk-Con could have supported sales of approximately $152,468.70 last year with its current level of fixed assets.

According to the AFN (Additional Funds Needed) equation, the amount of additional assets required to support the next year's sales growth can be calculated as follows:

AFN = (Sales increase - Increase in spontaneous liabilities) * (Asset to sales ratio)

Given:

Sales = $1,820,000

Sales growth = 22%

Total assets = $575,000

Fixed assets to total assets ratio = 50% (or 0.5)

Fixed assets utilization = 93% (or 0.93)

Calculate the increase in sales:

Increase in sales = Sales * Sales growth

Increase in sales = $1,820,000 * 0.22

Increase in sales = $400,400

Calculate the increase in spontaneous liabilities:

Increase in spontaneous liabilities = Increase in sales * (Spontaneous liabilities to sales ratio)

Since the spontaneous liabilities ratio is not provided in the given information, we cannot calculate this value.

Calculate the asset to sales ratio:

Asset to sales ratio = Fixed assets to total assets ratio / Fixed assets utilization

Asset to sales ratio = 0.5 / 0.93

Asset to sales ratio ≈ 0.5376

Calculate the additional assets required (AFN):

AFN = Increase in sales * Asset to sales ratio

AFN = $400,400 * 0.5376

AFN ≈ $215,040

Therefore, the amount of additional assets required to support the next year's sales growth for Monk-Con is approximately $215,040.

Regarding the underuse of fixed assets, we can calculate the sales that Monk-Con could have supported last year with its current level of fixed assets using the formula:

Supported sales = Fixed assets * Asset to sales ratio * Fixed assets utilization

Fixed assets = Total assets * Fixed assets to total assets ratio

Fixed assets = $575,000 * 0.5

Fixed assets = $287,500

Supported sales = $287,500 * 0.5376 * 0.93

Supported sales ≈ $152,468.70

Therefore, Monk-Con could have supported sales of approximately $152,468.70 last year with its current level of fixed assets.

The target fixed assets to sales ratio, considering the underuse of fixed assets, should be higher to fully utilize the assets and support the expected sales growth. The exact target ratio is not provided in the given information.

The amount of fixed assets Monk-Con must raise to support its expected sales for next year is not provided in the given information.

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.A portfolio manager summarizes the input from the macro and micro forecasters in the following table:
Micro Forecasts
Asset Expected Return (%) Beta Residual Standard
Deviation (%)
Stock A 22 1.4 53 Stock B 21 1.8 61 Stock C 19 0.7 58 Stock D 16 1.1 46 Macro Forecasts
Asset Expected Return (%) Standard Deviation (%)
T-bills 7 0 Passive equity portfolio 16 20 a. Calculate expected excess returns, alpha values, and residual variances for these stocks. (Negative values should be indicated by a minus sign. Do not round intermediate calculations. Round Alpha values to 1 decimal place.Omit the % sign in your response.)

Answers

Stock A:

- Expected Excess Return: 15%

- Alpha: 1.0%

- Residual Variance: 2,809

Stock B:

- Expected Excess Return: 14%

- Alpha: -3.4%

- Residual Variance: 3,721

Stock C:

- Expected Excess Return: 12%

- Alpha: 9.9%

- Residual Variance: 3,364

Stock D:

- Expected Excess Return: 9%

- Alpha: -1.9%

- Residual Variance: 2,116

Given the provided data, calculate the expected excess returns as follows:

For Stock A:

Expected Excess Return = Expected Return of Stock A - T-bill Return

Expected Excess Return = 22 - 7

Expected Excess Return = 15%

For Stock B:

Expected Excess Return = Expected Return of Stock B - T-bill Return

Expected Excess Return = 21 - 7

Expected Excess Return = 14%

For Stock C:

Expected Excess Return = Expected Return of Stock C - T-bill Return

Expected Excess Return = 19 - 7

Expected Excess Return = 12%

For Stock D:

Expected Excess Return = Expected Return of Stock D - T-bill Return

Expected Excess Return = 16 - 7

Expected Excess Return = 9%

To calculate the alpha values, we need to subtract the risk-free rate and the stock's beta-adjusted expected excess return (beta multiplied by the expected excess return) from the expected return of the stock.

For Stock A:

Alpha = Expected Return of Stock A - (T-bill Return + Beta of Stock A * Expected Excess Return of Stock A)

Alpha = 22 - (7 + 1.4 * 15)

Alpha = 1.0%

For Stock B:

Alpha = Expected Return of Stock B - (T-bill Return + Beta of Stock B * Expected Excess Return of Stock B)

Alpha = 21 - (7 + 1.8 * 14)

Alpha = -3.4%

For Stock C:

Alpha = Expected Return of Stock C - (T-bill Return + Beta of Stock C * Expected Excess Return of Stock C)

Alpha = 19 - (7 + 0.7 * 12)

Alpha = 9.9%

For Stock D:

Alpha = Expected Return of Stock D - (T-bill Return + Beta of Stock D * Expected Excess Return of Stock D)

Alpha = 16 - (7 + 1.1 * 9)

Alpha = -1.9%

To calculate the residual variances, use the residual standard deviation squared for each stock.

For Stock A:

Residual Variance = Residual Standard Deviation of Stock A^2

Residual Variance = 53^2

Residual Variance = 2,809

For Stock B:

Residual Variance = Residual Standard Deviation of Stock B^2

Residual Variance = 61^2

Residual Variance = 3,721

For Stock C:

Residual Variance = Residual Standard Deviation of Stock C^2

Residual Variance = 58^2

Residual Variance = 3,364

For Stock D:

Residual Variance = Residual Standard Deviation of Stock D^2

Residual Variance = 46^2

Residual Variance = 2,116

Summary of results:

Stock A:

Expected Excess Return: 15%

Alpha: 1.0%

Residual Variance: 2,809

Stock B:

Expected Excess Return: 14%

Alpha: -3.4%

Residual Variance: 3,721

Stock C:

Expected Excess Return: 12%

Alpha: 9.9%

Residual Variance: 3,364

Stock D:

Expected Excess Return: 9%

Alpha: -1.9%

Residual Variance: 2,116

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what is the difference between net pay and gross pay

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The main difference between net pay and gross pay is that gross pay represents the total amount of compensation earned by an individual before any deductions or withholdings, while net pay refers to the amount of money received by the individual after deductions and withholdings have been subtracted.

Gross pay is the total amount of money earned by an individual from their employer for a specific period, such as a month or a year. It is often expressed as an annual salary or an hourly wage.

Gross pay is calculated based on factors such as the agreed-upon salary or wage rate and the number of hours worked.

Gross pay does not take into account any deductions or withholdings, such as taxes, Social Security contributions, health insurance premiums, or retirement plan contributions.

Net pay, on the other hand, refers to the amount of money an individual receives after all deductions and withholdings have been subtracted from their gross pay.

Deductions and withholdings can include federal, state, and local income taxes, Social Security and Medicare taxes, health insurance premiums, retirement plan contributions, and other voluntary deductions.

Net pay represents the actual take-home pay that the individual receives and can use for personal expenses and financial obligations.

The difference between gross pay and net pay is the result of subtracting deductions and withholdings from the gross pay amount.

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A $1,000 par value bond that pays interest annually just paid $101 in interest. What is the coupon rate?

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So, Annual Interest Payment (I) = $101  Face Value of Bond (FV) = $1,000Now, substituting the given values in the above formula, Coupon rate = 101/1000=0.101Coupon rate = 10.1 %Therefore, the coupon rate is 10.1 %.

Given that a $1,000 par value bond that pays interest annually just paid $101 in interest. The coupon rate is to be determined. How to determine coupon rate of a bond? The coupon rate of a bond can be calculated by dividing the annual interest paid by the face value of the bond. The resulting percentage is the coupon rate of the bond. Mathematically, the formula for coupon rate is given as Coupon rate = Annual Interest Payment (I) / Face Value of Bond (FV)So, let's calculate the coupon rate of the bond using the given values. Coupon rate = Annual Interest Payment / Face Value of Bond Given that the bond is a $1,000 par value bond that pays interest annually just paid $101 in interest.

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The total product curve shows the relationship between total product (output) and _____; and the total cost curve shows the relationship between total cost and _____.
A) the quantity of labor; the quantity of labor
B) the quantity of output; the quantity of labor
C) the quantity of all inputs; the level of output
D) the quantity of labor; the level of output
E) the quantity of labor; the quantity of all inputs

Answers

The total product curve shows the relationship between total product (output) and the quantity of labor, and the total cost curve shows the relationship between total cost and the level of output. Option D.

A total product curve is a graph showing how the total number of units generated by the combination of two or more variables affects the total output of a given amount of a factor of production. It is the curve that shows the total amount of output that a business can produce with a given quantity of inputs. The input variable is on the X-axis, and the output variable is on the Y-axis. The slope of the total product curve is referred to as the marginal product.

The total cost curve is a graph that depicts the relationship between total cost and output quantity in the short run. The total cost curve indicates that as the quantity of output increases, so do total costs. The total cost curve is derived from the sum of variable costs and fixed costs. The fixed cost remains constant regardless of output, whereas variable costs increase as output increases.

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Southern Cotton International is a textile company. It offers two main products. Its
marketing department has recently estimated the demand function, facing SCI:
Demand for product 1: 1 = 0 + 1p1 + p + p +
1 is the quantity demanded for product 1 (in natural log), p1is the price of
product 1 (in natural log), p is the price of product 1’s substitute (in natural log),
p is the price of product 1’s complement (in natural log), and is the error term.
Parameter 1 is estimated to be equal to -0.45 (with standard error being equal to
0.15).
Demand for product 2: 2 = 0 + 2p2 + p + p +
2 is the quantity demanded for product 2 (in natural log), p2is the price of
product 2 (in natural log), p is the price of product 2’s substitute (in natural log),
p is the price of product 2’s complement (in natural log), and is the error term.
Parameter 2 is estimated to be equal to -0.65 (with standard error being equal to
0.05).
a. How much does the demand for product 1 increase if SCI reduces its price by 5%?
Describe your answer in percentages.
b. How much does the demand for product 2 increase if SCI reduces its price by 5%?
Describe your answer in percentages.
c. Which one of the above products has a more sensitive demand? Explain your
answer in a short paragraph.
d. Consider the demand for product 1 (or product 2). Which one of the parameters
below is expected to be less than zero: or ? Explain your answer in a short
paragraph.

Answers

a. The demand for product 1 increases by 2.25% if SCI reduces its price by 5%.

b. The demand for product 2 increases by 3.25% if SCI reduces its price by 5%.

c. Product 2 has a more sensitive demand due to a larger absolute value of its parameter estimate (-0.65) compared to product 1 (-0.45).

d. The parameter β1 (parameter 1) for product 1 is expected to be less than zero, indicating an inverse relationship between price and demand.

a. To calculate the percentage increase in demand for product 1 if SCI reduces its price by 5%:

Percentage increase in demand = Parameter 1 * Percentage change in price of product 1

Percentage increase in demand = -0.45 * (-5%) = 0.0225 or 2.25%

Therefore, the demand for product 1 would increase by approximately 2.25% if SCI reduces its price by 5%.

b. To calculate the percentage increase in demand for product 2 if SCI reduces its price by 5%:

Percentage increase in demand = Parameter 2 * Percentage change in price of product 2

Percentage increase in demand = -0.65 * (-5%) = 0.0325 or 3.25%

Therefore, the demand for product 2 would increase by approximately 3.25% if SCI reduces its price by 5%.

c. Product 2 has a more sensitive demand compared to product 1 because the absolute value of the parameter estimate for product 2 (-0.65) is larger than the absolute value of the parameter estimate for product 1 (-0.45). The larger absolute value indicates a greater responsiveness or sensitivity of demand to price changes.

d. In the demand equation for product 1, the parameter β1 (-0.45) is expected to be less than zero. This negative sign indicates an inverse relationship between the price of product 1 and the quantity demanded. As the price of product 1 decreases, the quantity demanded is expected to increase. The negative parameter reflects this expected direction of change in demand in response to a change in price.

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Define Objectivity and Independence as they apply to an auditor and briefly explain their interrelationship. provide examples to demonstrate their understanding.

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Objectivity in auditing refers to the unbiased and impartial mindset of an auditor. It means that the auditor should approach the audit engagement with a neutral and impartial perspective, without any personal or financial interests that could compromise their judgment.

Objectivity ensures that the auditor can assess and evaluate the financial statements and other relevant information without any bias or prejudice. Independence, on the other hand, refers to the auditor's freedom from any undue influence or interference that could impair their judgment or compromise the integrity of the audit process. Independence is essential to maintain the credibility and reliability of the audit opinion. It helps in providing assurance to stakeholders that the audit has been conducted objectively and without any external pressures or conflicts of interest. The interrelationship between objectivity and independence is crucial in the auditing profession. Objectivity is a mindset or attitude that the auditor adopts, while independence is the condition that allows the auditor to maintain objectivity. An auditor's independence is necessary to ensure their objectivity, as any financial or personal interests could potentially influence their judgment. Conversely, an auditor's objectivity supports their independence by enabling them to perform their duties with impartiality and without any biases.

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Consumers expect the price of swimsuits to fall next week. How will this impact the market for swimsuits? Multiple Choice O Demand for swimsuits will decrease. Demand for swimsuits will increase. The quantity demanded of swimsuits will decrease. The quantity demanded of swimsuits will increase

Answers

The quantity demanded of swimsuits will increase.

When consumers expect the price of swimsuits to fall, it creates an expectation of a more favorable pricing environment. This expectation leads to an increase in demand for swimsuits as consumers anticipate the opportunity to purchase swimsuits at a lower price. As a result, the quantity demanded of swimsuits will increase.

Lower prices incentivize consumers to buy more swimsuits. With the expectation of reduced prices, consumers may delay their swimsuit purchases until the prices fall.

This increase in demand will likely result in higher sales for swimsuit retailers and manufacturers, as consumers seek to take advantage of the anticipated price decrease.

Retailers may also respond by offering promotional discounts or sales to attract more customers. Overall, the market for swimsuits will experience an increase in demand, leading to a higher quantity demanded of swimsuits

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Choice: Consider a consumer with a utility function U(x, y) = ln(x + y). (a) Find the quantity demanded for both goods if p = 5, Py = 3, and m= 40

Answers

Consider a consumer with a utility function U(x, y) = ln(x + y).

To find the quantity demanded for both goods, we need to maximize the consumer's utility function subject to their budget constraint. The consumer's utility function is given as U(x, y) = ln(x + y), where x represents the quantity of the first good and y represents the quantity of the second good.

The consumer's budget constraint is given by px + Pyy = m, where p is the price of the first good, Py is the price of the second good, and m is the consumer's income.

In this case, p = 5, Py = 3, and m = 40.

To solve for the quantity demanded, we can use the Lagrange multiplier method. The Lagrangian function is:

L(x, y, λ) = ln(x + y) - λ(px + Pyy - m)

Taking the partial derivatives of L with respect to x, y, and λ, we have:

∂L/∂x = 1/(x + y) - λp = 0

∂L/∂y = 1/(x + y) - λPy = 0

∂L/∂λ = px + Pyy - m = 0

Simplifying the above equations, we get:

1/(x + y) - λp = 0

1/(x + y) - λPy = 0

px + Pyy - m = 0

Solving these equations simultaneously, we can find the values of x and y.

From the first equation, we have:

1/(x + y) = λp

x + y = 1/(λp) (Equation 1)

From the second equation, we have:

1/(x + y) = λPy

x + y = 1/(λPy) (Equation 2)

Setting Equations 1 and 2 equal to each other, we get:

1/(λp) = 1/(λPy)

Simplifying further, we have:

p = Py

Given that p = 5 and Py = 3, we can conclude that these prices do not satisfy the condition p = Py. Therefore, there is no solution to the problem under the given prices.

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Which of the following statements is FALSE? O Managers should maximise shareholder value rather than minimize risks. Boards of directors of publically listed companies should represent shareholders interests and monitor the management. O Stock grants to managers can help mitigate the agency problem. O In bankruptcy, shareholders do not have the priority in claiming their companies assets. Employees and shareholders are legal owners of a corporation.

Answers

There are five statements given in the question, and one has to find the false statement among them. The false statement is: Managers should maximize shareholder value rather than minimize risks. All the remaining statements are true.

Boards of directors of publicly listed companies should represent shareholders interests and monitor the management. Boards of directors of publicly listed companies have a responsibility to safeguard the interests of shareholders. They should also monitor the management team to ensure that the company is moving in the right direction. Stock grants to managers can help mitigate the agency problem.

Stock grants are one of the ways to align the interest of managers and shareholders. It helps in mitigating the agency problem.In bankruptcy, shareholders do not have the priority in claiming their company's assets. In the case of bankruptcy, the assets of the company are distributed among the stakeholders based on their priority. Generally, the priority of distribution is given to employees, creditors, and then shareholders.

Employees and shareholders are legal owners of a corporation. The employees and shareholders are the legal owners of a corporation. They have different rights and responsibilities. Shareholders have the right to vote, whereas employees do not have this right.

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Suppose the nation of Wakanda is at a short run and long run equilibrium. Suppose now that the value of the Latverian dollar (Wakanda's biggest trading partner is Latveria) increases substantially relative to Wakanda's currency. Holding everything else fixed, under the AD/AS framework, this would imply. a.Wakanda's aggregate demand would shift up, increasing price levels, and creating an inflationary gap b.Wakanda's aggregate demand shifts down from increasing price levels, and creating a recessionary gap c.Wakanda's aggregate demand stays the same d.None of the above

Answers

The correct answer is (b) Wakanda's aggregate demand shifts down, decreasing price levels, and creating a recessionary gap.

When the value of the Latverian dollar increases relative to Wakanda's currency, it means that the exchange rate between the two currencies has changed. In this case, the Latverian dollar has become stronger, which means that it can buy more units of Wakanda's currency.

In the AD/AS framework, an increase in the value of the Latverian dollar would lead to a decrease in Wakanda's net exports. As the Latverian dollar becomes stronger, Wakanda's exports to Latveria become more expensive for Latverian consumers, leading to a decrease in demand for Wakandan goods and services. This decrease in net exports would result in a decrease in aggregate demand (AD) in Wakanda.

The decrease in aggregate demand would lead to a decrease in output and employment in Wakanda, creating a recessionary gap. Additionally, the decrease in demand for Wakandan goods would put downward pressure on prices, leading to a decrease in price levels.

Therefore, option (b) is the correct answer as it reflects the impact of the increase in the value of the Latverian dollar on Wakanda's aggregate demand, price levels, and the creation of a recessionary gap.

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Intro A corporate bond with a coupon rate of 9% pays interest semiannually and has a maturity date of May 28, 2029. The trade settles on March 20, 2022. The yield to maturity is 13%. Part 1 Attempt 1/5 for 10 pts. What is the flat (or clean) price of the bond (in percent of par) on the settlement date? Use Excel's PRICE() function. Dates must be entered with Excel's DATE() function.

Answers

Using Excel's PRICE() function, we find that the flat price, or clean price, of the bond on the settlement date is approximately 85.35% of its par value.

The flat price (or clean price) of the bond on the settlement date is calculated by using Excel's PRICE() function. The following information is stated :

Coupon rate = 9%

Interest payment frequency = Semiannual

Yield to maturity = 13%

Maturity date = May 28, 2029

Settlement date = March 20, 2022

Using the PRICE() function in Excel, the formula to calculate the flat price is:

=PRICE(DATE(2022, 3, 20), DATE(2029, 5, 28), 9/2, 0.13, 100, 0)

Using this formula, we find that the flat price of the bond on the settlement date is approximately 85.35% of its par value.

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Suppose that the demands for a company's product in weeks 1, 2, and 3 are each normally distributed. The means are 50, 45, and 60. The standard deviations are 10, 5, and 15. Assume that these three demands are probabilistically independent. Suppose that the company currently has 180 units in stock, and it will not be receiving any more shipments from its supplier for at least three weeks. What is the probability that stock will run out during this three-week period? Round your answer to three decimal places, if necessary.

Answers

The probability that the stock will run out during this three-week period is 0.225 (rounded to three decimal places).

To calculate the probability that stock will run out during this three-week period, we need to find the probability that the demand exceeds 180 units for any of the weeks.

Since the demands are normally distributed and probabilistically independent, we can use the formula for the maximum of normally distributed random variables.First, we need to standardize the demands for each week using the formula z = (x - μ) / σ, where x is the demand, μ is the mean, and σ is the standard deviation.

Then, we can use the formula P(max(z1, z2, z3) > (180 - μ) / σ) to find the probability that the maximum demand exceeds 180 units. This probability can be calculated using a standard normal distribution table or a calculator with a normal distribution function. The final answer should be rounded to three decimal places.

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As the new accountant for Cohen & Company, you have been asked to provide a succinct analysis of financial performance for the year just ended. You obtain the following information that pertains to the company’s sole product:
Actual Master Budget
Units sold 35,000 40,000
Sales $ 400,000 $ 460,000
Variable costs 230,000 275,000
Fixed costs 148,125 140,000
Required:
1. What was the actual operating income for the period?
2. What was the company’s master budget operating income for the period?
3. (a) What was the total master budget variance, in terms of operating income, for the period? (b) Is this variance favorable or unfavorable? (If a variance has no amount, select "None" in the corresponding dropdown cell.)
4. The total master budget variance for a period can be decomposed into a total flexible budget variance and a sales volume variance. (a) What was the total flexible-budget variance for the period? (b) Was this variance favorable or unfavorable? (c) What was the sales volume variance for the period? (d) Was this variance favorable or unfavorable? (If a variance has no amount, select "None" in the corresponding dropdown cell).

Answers

1. The actual operating income for the period is $21,875, 2. The company’s master budget operating income for the period is $45,000. 3a)Total master budget variance = -$23,125 b)The total master budget variance is unfavorable. 4a)Total flexible-budget variance = -$373,750. b)the total flexible-budget variance is unfavorable.. c)Sales volume variance = $350,625. d) The sales volume variance is favorable.

1.The actual operating income for the period is the difference between sales revenue and the total variable and fixed costs. Operating income can be calculated as:

Operating income = Sales revenue - Total variable costs - Total fixed costs Operating income = $400,000 - $230,000 - $148,125 Operating income = $21,875

2.The company's master budget operating income for the period is the difference between the master budget sales revenue and the total variable and fixed costs from the master budget. Operating income can be calculated as:

Operating income = Master budget sales revenue - Total variable costs - Total fixed costs Operating income = $460,000 - $275,000 - $140,000 Operating income = $45,000

3(a) The total master budget variance can be calculated as the difference between the actual operating income and the master budget operating income:

Total master budget variance = Actual operating income - Master budget operating income Total master budget variance = $21,875 - $45,000 Total master budget variance = -$23,125

(b) Since the actual operating income is lower than the master budget operating income, the total master budget variance is unfavorable.

4(a) The total flexible-budget variance can be calculated as the difference between the actual operating income and the flexible budget operating income, which is calculated using the actual sales volume and the budgeted variable and fixed costs per unit:

Flexible-budget operating income = Master budget fixed costs + (Actual sales volume x Budgeted variable costs per unit) Flexible-budget operating income = $140,000 + (35,000 x $6.875) Flexible-budget operating income = $395,625 Total flexible-budget variance = Actual operating income - Flexible-budget operating income Total flexible-budget variance = $21,875 - $395,625 Total flexible-budget variance = -$373,750

(b) Since the actual operating income is lower than the flexible-budget operating income, the total flexible-budget variance is unfavorable.

(c) The sales volume variance can be calculated as the difference between the flexible-budget operating income and the master budget operating income:

Sales volume variance = Flexible-budget operating income - Master budget operating income Sales volume variance = $395,625 - $45,000 Sales volume variance = $350,625

(d) Since the flexible-budget operating income is higher than the master budget operating income, the sales volume variance is favorable.

Overall, the company had an actual operating income of $21,875 for the period, which is lower than both the master budget operating income and the flexible-budget operating income. The total master budget variance and the total flexible-budget variance were both unfavorable, indicating that the company did not perform as well as expected. However, the sales volume variance was favorable, indicating that the company sold more units than expected and made more profit as a result.

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in most marketing research projects, what type of research is conducted first?

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In most marketing research projects, exploratory research is conducted first. Exploratory research is typically conducted at the initial stage of a marketing research project.

Its purpose is to gather preliminary insights, understand the problem or opportunity, and identify relevant variables or factors that need further investigation. This type of research helps researchers gain a better understanding of the subject and refine their research objectives.

Exploratory research methods include techniques such as literature reviews, interviews, focus groups, observation, and case studies. These methods allow researchers to explore different perspectives, uncover trends, identify potential variables, and generate hypotheses.

By conducting exploratory research first, marketers can gather relevant background information, clarify research questions, and develop a solid foundation for subsequent research stages. The insights gained from exploratory research help in designing more focused and effective research approaches, such as descriptive or causal research, which provide more specific and actionable findings to address the research objectives.

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Give a formula for marginal cost and explain the shape of the marginal cost curve. A.17. Give a formula for average variable cost and describe the shape of the curve. A.18. What is the relationship between marginal cost and average variable cost?

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The formula for marginal cost (MC) is:

MC = ΔTC / ΔQ

The shape of the marginal cost curve is typically U-shaped.

A. 17. The formula for average variable cost (AVC) is:

AVC = VC / Q

The shape of the average variable cost curve is also U-shaped.

A.18. . The relationship between marginal cost and average variable cost can be summarized as follows:

1. When MC < AVC, AVC decreases.

2. When MC > AVC, AVC increases.

3. When MC = AVC, AVC remains constant.

A. The formula for marginal cost (MC) is:

MC = ΔTC / ΔQ

Where

MC: Marginal cost

ΔTC: Change in total cost

ΔQ: Change in quantity produced

The marginal cost curve depicts the relationship between the change in cost and the change in quantity produced. It typically slopes upward due to the law of diminishing returns. As more units are produced, the additional cost of producing each additional unit tends to increase. This is because, in the short run, factors of production become increasingly constrained, leading to diminishing marginal returns and higher marginal costs.

A. The formula for average variable cost (AVC) is:

AVC = VC / Q

Where:

AVC: Average variable cost

VC: Variable cost

Q: Quantity produced

The average variable cost curve shows the relationship between average variable cost and the quantity produced. It tends to exhibit a U-shaped curve. Initially, as production increases, the average variable cost decreases due to economies of scale and spreading the fixed costs over a larger output. However, as the production level continues to rise, the average variable cost starts to increase due to diminishing marginal returns and increased resource utilization.

A. The relationship between marginal cost (MC) and average variable cost (AVC) is as follows:

When marginal cost is below average variable cost, average variable cost will be decreasing. This occurs when the marginal cost of producing an additional unit is lower than the average cost of producing all units produced so far. It pulls down the average cost, leading to a downward slope in the average variable cost curve.

When marginal cost is above average variable cost, average variable cost will be increasing. This happens when the marginal cost of producing an additional unit is higher than the average cost of producing all units produced so far. It pushes up the average cost, resulting in an upward slope in the average variable cost curve.

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Flight tickets and and free meals given to a flight attendant as a part of a compensation plan are called: O a. All the answers are correct Ob. Benefits Oc. Extrinsic reward Od. Indirect pay

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The flight tickets and free meals given to a flight attendant as a part of a compensation plan are called extrinsic rewards.

An extrinsic reward is a benefit given to an employee beyond the scope of intrinsic motivation. Extrinsic rewards can motivate workers to achieve their goals, such as money or prizes. Extrinsic rewards also include other forms of compensation, such as paid time off, stock options, or healthcare benefits. Extrinsic motivation has its benefits, but it also has its downsides.

The main advantage of extrinsic motivation is that it can be a strong incentive for employees to work harder and achieve their goals. A significant drawback, though, is that extrinsic motivation can be short-lived. When a reward stops, the motivation to work hard can vanish.

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After taxes, Xue clears $6,400 in income each month. Her mortgage is currently $350,000 and her monthly mortgage payment is $2,200. Xue has decided to purchase life insurance and she asks her insurance agent, Cinzia, to determine the appropriate amount, accounting for inflation. Assuming an annual investment return of 4.5% and an average annual rate of inflation of 2.5%, what is the approximate amount of life insurance Xue needs using the income replacement approach? $1 million $2 million $3 million $4 million

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Based on the income replacement approach, the approximate amount of life insurance Xue needs is $2 million.

The income replacement approach calculates the necessary life insurance coverage based on the income that needs to be replaced in the event of the insured's death. In this case, Xue's monthly income after taxes is $6,400. To account for inflation and maintain the purchasing power of the insurance proceeds, we need to adjust the coverage amount.

To determine the future value of Xue's monthly income, we can use the formula for future value with inflation:

Future Value = Present Value × (1 + inflation rate)^number of years

Assuming a 4.5% annual investment return and a 2.5% average annual rate of inflation, we can estimate the number of years based on Xue's mortgage payment and the remaining mortgage balance.

By rearranging the future value formula, we can solve for the present value (coverage amount):

Present Value = Future Value / (1 + inflation rate)^number of years

By calculating the present value of Xue's monthly income, the approximate amount of life insurance she needs using the income replacement approach is approximately $2 million.

It's important to note that this is an approximation and may vary depending on specific circumstances, financial goals, and risk tolerance. Consulting with a financial advisor or insurance professional is recommended for a more accurate assessment.

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between these two is that absolute advantage indicates one (could be a person, a firm, or a country) is using fewer resources than another in producing an activity (a task, a good, or service), while comparative advantage indicates that one can produce an activity with a lower opportunity cost. For this prompt, your task is to: ▪ Provide a situation where one player (could be a person, a firm, or a country) has the absolute advantage in both goods. ▪ From your example, explain which player would have the comparative advantage for each activity, how and why. . Review section 2 Gains from trade. Explain how each player can experience gains from trade, despite one player is being better at producing both activities.

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consider a scenario involving two countries, Country A and Country B, and two goods, computers and clothing.Country A has advanced technology and highly skilled labor, enabling it to produce both computers and clothing more efficiently than Country B. Country A can produce 100 computers or 200 units of clothing in a given time period, while Country B can produce 50 computers or 100 units of clothing in the same time period.

Absolute Advantage:

Country A has the absolute advantage in both goods because it can produce more computers and clothing using fewer resources (time, labor, and capital) compared to Country B.

Comparative Advantage:

Although Country A has the absolute advantage in both goods, it may still have a comparative advantage in one of the activities. To determine the comparative advantage, we need to calculate the opportunity cost of producing each good for both countries.

For Country A, the opportunity cost of producing 1 computer is 2 units of clothing (200 clothing units / 100 computers), and the opportunity cost of producing 1 unit of clothing is 0.5 computers (100 computers / 200 clothing units).

For Country B, the opportunity cost of producing 1 computer is 2 units of clothing (100 clothing units / 50 computers), and the opportunity cost of producing 1 unit of clothing is 0.5 computers (50 computers / 100 clothing units).

Comparing the opportunity costs, we find that both countries have the same opportunity cost for producing computers (2 units of clothing), indicating no comparative advantage for computers.

However, for clothing production, Country B has a lower opportunity cost (0.5 computers) compared to Country A (2 computers). This implies that Country B has a comparative advantage in producing clothing.

Gains from Trade:

Despite Country A being more efficient in producing both computers and clothing, there are still gains from trade that both countries can experience.

Since Country B has a comparative advantage in clothing production, it can specialize in producing clothing and trade with Country A. Country B can allocate its resources and efforts towards clothing production, while Country A can focus on producing computers.

Through trade, Country A can obtain clothing from Country B at a lower opportunity cost than producing it domestically. Simultaneously, Country B can acquire computers from Country A at a lower opportunity cost than producing them domestically.

By specializing and trading based on their comparative advantages, both countries can benefit from a more efficient allocation of resources, increased productivity, and a wider variety of goods available to their populations. This leads to gains from trade, despite one country (Country A) having the absolute advantage in both goods.

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Broward Manufacturing recently reported the following information: Broward's tax rate is 25%. Broward finances with only debt and common equity, so it has no preferred stock. 40% of its total invested capital is debt, and 60% of its total invested capital is common equity. Calculate its basic eaming power (BEP), its return on equity (ROE), and its return on invested capital (ROIC). Do not round intermediate calculations, Round your answers to two decimal places.

Answers

The BEP is calculated by dividing EBIT by total assets, the ROE is calculated by dividing net income by total equity, and the ROIC is calculated by dividing after-tax operating income by total invested capital.

What are the calculations for Broward Manufacturing's basic earning power (BEP), return on equity (ROE), and return on invested capital (ROIC)?

To calculate Broward Manufacturing's basic earning power (BEP), return on equity (ROE), and return on invested capital (ROIC), we need to use the given information.

The basic earning power (BEP) is calculated by dividing earnings before interest and taxes (EBIT) by total assets. Since the tax rate is 25%, we can subtract the tax expense from EBIT to get the after-tax operating income.

ROE is calculated by dividing net income by total equity.

ROIC is calculated by dividing after-tax operating income by total invested capital, which is the sum of debt and equity.

Using the given information that 40% of total invested capital is debt and 60% is common equity, we can determine the proportions of debt and equity in the calculation of ROIC.

By plugging in the values into the respective formulas and performing the calculations, we can find the values for BEP, ROE, and ROIC.

BEP = EBIT / Total Assets

ROE = Net Income / Total Equity

ROIC = After-tax Operating Income / Total Invested Capital

The results should be rounded to two decimal places.

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What are the advantages of owning their own business? What are the disadvantages?
Why did they start their business?
What method did they use to start their business?
Use your own words and do not copy and paste from an external source. If using the course materials, use APA citation.

Answers

Owning a business offers several advantages and disadvantages. On the positive side, business ownership provides individuals with the opportunity to be their own boss, make independent decisions, and potentially achieve financial success.

It allows for greater flexibility in terms of work hours and the ability to pursue personal interests and passions. Moreover, owning a business can lead to personal growth, as individuals develop a range of skills and knowledge through the challenges they face. However, there are also downsides to owning a business. It often requires significant time, effort, and financial investment. There is a higher level of responsibility and risk involved, including the potential for financial loss, stress, and uncertainty.

People start their own businesses for various reasons. Some individuals have a strong entrepreneurial drive and a desire for independence, seeking the freedom to create and implement their own ideas. Others may start a business out of necessity, such as unemployment or dissatisfaction with traditional employment options. Moreover, individuals may start a business to pursue a specific passion or interest, capitalize on a unique skill set, or fill a gap in the market. Entrepreneurship can also be driven by the aspiration for financial success and the potential for higher income compared to working for someone else.

The method used to start a business can vary depending on the individual and the nature of the business. Common approaches include starting from scratch, where the entrepreneur builds a business from the ground up, including developing a business plan, securing funding, and establishing operations. Another method is acquiring an existing business, which involves purchasing an established enterprise and taking over its operations.

Franchising is another popular method, where individuals buy the rights to operate a business model and brand established by a franchisor. Additionally, some entrepreneurs may choose to partner with others or seek investment from external sources to launch their business. The choice of method depends on factors such as personal preferences, available resources, industry dynamics, and market opportunities.

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Crane Company owes $176,000 plus $15,600 of accrued interest to Cheyenne State Bank. The debt is a 10-year, 10% note. During 2020, Crane’s business deteriorated due to a faltering regional economy. On December 31, 2020, Cheyenne State Bank agrees to accept an old machine and cancel the entire debt. The machine has a cost of $333,000, accumulated depreciation of $183,150, and a fair value of $156,000. Prepare journal entries for Crane Company and Cheyenne State Bank to record this debt settlement.

Answers

Crane Company will record a loss of $16,450 on the debt settlement because the fair value of the machine it is transferring to Cheyenne State Bank is less than the amount of the debt that is being settled. The loss will be recorded as follows:

Dr. Loss on Debt Settlement 16,450

Cr. Notes Payable 176,000

Cr. Accumulated Depreciation 183,150

Cheyenne State Bank will record a gain of $16,450 on the debt settlement because the fair value of the machine it is receiving from Crane Company is more than the amount of the debt that is being settled. The gain will be recorded as follows:

Dr. Notes Receivable 176,000

Dr. Gain on Debt Settlement 16,450

Cr. Machine 156,000

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Briefly describe the expectations hypothesis, and how the
liquidity preference
theory accounts for the observation that the yield curve tends to
be upward sloped,
rather than what is predicted by the

Answers

The expectations hypothesis suggests that long-term interest rates are determined by the market's expectations of future short-term interest rates.

The expectations hypothesis posits that long-term interest rates are an average of expected future short-term interest rates. According to this theory, if investors expect short-term rates to rise, long-term rates will also increase, and vice versa. However, the liquidity preference theory explains why the yield curve tends to be upward sloped, contradicting the predictions of the expectations hypothesis.

The liquidity preference theory states that investors demand a premium for holding longer-term bonds due to the increased risk associated with tying up their funds for an extended period. This risk includes the possibility of inflation eroding the purchasing power of future interest payments and the potential for changes in the economic environment. As a result, investors require higher yields to compensate for this risk, leading to an upward sloping yield curve.

Additionally, the liquidity preference theory accounts for the observation that investors generally prefer holding short-term bonds because they provide more liquidity. This preference for liquidity creates greater demand for short-term bonds, driving their prices up and their yields down. On the other hand, the supply of long-term bonds is relatively limited, causing their prices to be lower and their yields to be higher.

In summary, while the expectations hypothesis suggests that long-term interest rates should reflect expected future short-term rates, the liquidity preference theory introduces factors such as increased risk and investor demand for liquidity, resulting in an upward sloping yield curve.

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seeking out and possessing consumer goods is a way that people

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Main answer: seek fulfillment, express their identity, and satisfy their needs and desires.

Explanation: Seeking out and possessing consumer goods is a way that people seek fulfillment, express their identity, and satisfy their needs and desires. Consumer goods serve various purposes beyond their functional utility. They can be seen as symbols of status, self-expression, and personal identity.

For many individuals, acquiring and owning certain consumer goods brings a sense of fulfillment and satisfaction. It can be driven by the desire to improve one's quality of life, enhance personal well-being, or simply enjoy the pleasures and conveniences that goods provide. Possessing desirable products can create a sense of achievement, social recognition, and a feeling of success.

Consumer goods also offer a means of self-expression, allowing individuals to showcase their preferences, values, and personal style. The products people choose to own can communicate their tastes, interests, and affiliations, helping to shape their identity and establish connections with others who share similar preferences.

Moreover, consumer goods fulfill various needs and desires, ranging from basic necessities to more aspirational wants. People seek products that fulfill their physiological needs, such as food, clothing, and shelter. They also pursue goods that cater to their psychological needs, such as comfort, entertainment, and self-enhancement. Possessing certain goods can provide a sense of security, happiness, or self-fulfillment.

In summary, seeking out and possessing consumer goods goes beyond functional purposes. It serves as a means for individuals to seek fulfillment, express their identity, and satisfy a range of needs and desires, contributing to their overall well-being and sense of satisfaction.

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(a) Describe the differences between frictional and structural unemployment (b) Explain how the following events below affects the unemployment level: (i) A reduction in unemployment benefits ( 2 marks) (ii) A shift in the structure of the economy as the Covid pandemic comes to an end (iii) An increase in preference for hiring workers on short-term contracts ( 2 marks) (iv) Increased use of Artificial Intelligence (AI) in the financial services and education industries (v) Several major banks in the country declare insolvency and are unable to continue their business ( 2 marks) Question 2 (a) An airplane was carrying a briefcase containing a pile of cash worth RM1 billion. The briefcase suddenly drops onto Malaysia, and was picked up by an individual. The reserve ratio is 10%. Explain the money creation process and calculate size of the money multiplier (hint: use the example of the T-accounts) . (b) Discuss the policy options that the central bank could use to reduce money supply Question 3 (a) Illustrate the role of money supply in causing inflation ( 15 marks) (b) Explain the negative effects of high inflation (c) Using the AD-AS model, demonstrate the potential causes of inflation

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(a) Differences between frictional and structural unemployment Frictional unemployment refers to unemployment resulting from workers who are between jobs. This is usually a short-term type of unemployment. Structural unemployment, on the other hand, results from a mismatch between the skills possessed by job seekers and the requirements of the jobs available. This is a long-term type of unemployment. Frictional Unemployment: Frictional unemployment happens when an employee chooses to leave his current work to pursue other opportunities, or when an individual leaves his job due to a variety of reasons, such as the need to return to school, the desire to take a sabbatical, or the desire to pursue other career options. Structural Unemployment: Structural unemployment results from a lack of demand for the type of work that a person performs, which is frequently brought about by technological advancement. When a job seeker's abilities don't match the jobs available, this type of unemployment occurs.

(i) A reduction in unemployment benefits If unemployment benefits are decreased, it may encourage individuals to take lower-paying jobs to avoid becoming unemployed or to remain unemployed for an extended period, depending on how much they will earn by working. It could result in a decrease in unemployment. Since it will reduce the amount of unemployment benefits paid, it will make job seeking more challenging, and the unemployed will be forced to work faster. However, if the benefits reduction is not significant, people may opt to continue to stay unemployed, as this is preferable to taking low-paying jobs. Hence, it depends on the amount by which benefits have been reduced.

(ii) A shift in the structure of the economy as the Covid pandemic comes to an end. It may lead to a fall in structural unemployment, given that industries affected by the pandemic (such as the hospitality sector) will start to recover, and as a result, people in these industries who lost their jobs may start to gain employment again. This effect may also be seen when the companies shift from remote work to a hybrid work mode, with the office opening and employees returning to work, in-person services being resumed, and so on. Many jobs that were affected by the pandemic, such as flight attendants and pilots, can now be resumed since people are traveling again.

(iii) An increase in preference for hiring workers on short-term contracts. DirIt can result in an increase in frictional unemployment and a reduction in structural unemployment. Employers' preference for employing workers on short-term contracts means that these employees will be employed on a temporary basis, and once their employment term ends, they will have to look for another job. When people are looking for work, frictional unemployment arises. If there is a rise in the number of people who are willing to work on a short-term basis, this would cause a significant increase in frictional unemployment.

(iv) Increased use of Artificial Intelligence (AI) in the financial services and education industries. It may lead to a fall in structural unemployment and a rise in frictional unemployment. The introduction of Artificial Intelligence (AI) in the financial services and education industries will result in a shift in the kind of skills needed for employment. As a result, individuals who are qualified in the field of AI will have an edge over others when it comes to finding jobs, leading to structural unemployment for those who don't have those skills. Additionally, the increase in AI systems' deployment may lead to the elimination of certain low-skilled jobs, resulting in frictional unemployment.

(v) Several major banks in the country declare insolvency and are unable to continue their business. It may lead to an increase in structural unemployment. This could lead to an increase in structural unemployment if the jobs lost are those that are not easily transferable to other firms or industries. The people who have these jobs will have to look for new employment in a different sector, resulting in an increase in structural unemployment.

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A credit card account had a $254 balance on March 5. A purchase of $178 was made on March 12, and a payment of $175 was made on March 28. Find the average daily balance if the billing date is April 5.(Round your answer to the nearest cent.)

Answers

The average daily balance is $121.13.

Explanation:

Identify the relevant dates and amounts:

March 5: Beginning balance = $254

March 12: Purchase total = $178

March 28: Payment total = $175

Billing cycle: Number of days = 31

Calculate the number of days for each transaction:

From March 5 to March 12: 7 days

From March 12 to March 28: 16 days

From March 28 to April 5: 8 days

Apply the average daily balance formula:

Average Daily Balance = [(Beginning Balance * Number of Days) + (Purchase Total * Number of Days) - (Payment Total * Number of Days)] / Number of Days in the Billing Cycle

Substitute the values into the formula and calculate the average daily balance:

Average Daily Balance = [(254 * 7) + (178 * 16) - (175 * 8)] / 31

Average Daily Balance = (1778 + 2848 - 1400) / 31

Average Daily Balance = 3226 / 31

Average Daily Balance = $121.13 (rounded to the nearest cent)

The average daily balance is $121.13 for the billing cycle ending on April 5. This represents the average balance maintained on the credit card account over the given period.

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Varto Company has 11,600 units of its product in inventory that it produced last year at a cost of $157,000. This year's model is better than last year's, and the 11,600 units cannot be sold at last year's normal selling price of $49 each. Varto has two alternatives for these units: (1) They can be sold as is to a wholesaler for $92,800 or (2) they can be processed further at an additional cost of $228,400 and then sold for $313,200. (a) Prepare a sell as is or process further analysis of income effects. (b) Should Varto sell the products as is or process further and then sell them?

Answers

(a) To analyze the income effects of selling the products as is or processing them further, we need to compare the costs and revenues associated with each alternative.

Sell as is: Revenue from wholesaler = $92,800

Cost of inventory = $157,000

Net income = Revenue - Cost = $92,800 - $157,000 = -$64,200

Process further and sell:

Revenue from sale = $313,200

Additional processing cost = $228,400

Total cost = Cost of inventory + Additional processing cost = $157,000 + $228,400 = $385,400

Net income = Revenue - Total cost = $313,200 - $385,400 = -$72,200

(b) Based on the analysis, neither alternative results in a positive net income. Both options would lead to a loss for Varto Company. However, if the goal is to minimize the loss, selling the products as is to the wholesaler would be the better choice, as it results in a smaller loss of -$64,200 compared to the loss of -$72,200 from processing further and selling. Therefore, Varto should sell the products as is to the wholesaler.

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what is the difference between social placement and gatekeeping?

Answers

In short, social placement refers to the process of individuals being positioned in society based on their attributes or characteristics, while gatekeeping refers to the control and regulation of access to resources or opportunities by certain individuals or institutions.

Social placement involves the sorting and categorization of individuals within a society based on factors such as social class, education, occupation, and other attributes. It determines one's social position, status, and opportunities in society. Social placement can be influenced by various factors, including family background, educational attainment, and economic resources. It plays a significant role in shaping social inequality and determining social mobility.

On the other hand, gatekeeping involves the control and regulation of access to resources, opportunities, or information by individuals or institutions. Gatekeepers act as intermediaries who have the power to grant or deny access to certain domains or positions. They control the flow of information, resources, and opportunities, often based on criteria such as qualifications, credentials, or personal connections. Gatekeeping can be observed in various contexts, including education, employment, media, and other social institutions. It can either facilitate or hinder social mobility, depending on the fairness and transparency of the gatekeeping process.

In summary, social placement deals with the positioning of individuals in society based on their attributes, while gatekeeping focuses on the control and regulation of access to resources or opportunities by certain individuals or institutions.

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if the demand for a product decreases, then we would expect equilibrium price

Answers

If the demand for a product decreases, then we would expect equilibrium price to decrease.The equilibrium price is the price at which the quantity of goods supplied is equal to the quantity of goods demanded. When there is an increase in demand, the equilibrium price increases as suppliers are able to sell more products at a higher price. On the other hand, when there is a decrease in demand, the equilibrium price decreases as suppliers are unable to sell the same quantity of goods at a higher price.If the demand for a product decreases, the suppliers will need to reduce the price to attract buyers. This is because there are more products being produced than there are buyers. As a result, the suppliers will reduce the price of their products until they reach a new equilibrium price where the quantity of goods supplied is equal to the quantity of goods demanded. Therefore, if the demand for a product decreases, then we would expect the equilibrium price to decrease as well.
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(a) Set up the DE for this situation and show all the steps to find the position equation for the spring. Use X for the position and t for the time. Round all values to 2 decimal places for simplicity. DETAILS SCALCET8 6.4.005. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Shown is the graph of a force function (in newtons) that increases to its maximum value and then remains constant. How much work W is done by the force in moving an object a distance of 24 m? W = F (N) 48 36 24 12 x (m) 6 9 12 15 18 21 24 Read It Watch It 4. [-/1 Points] DETAILS SCALCET8 6.4.007.MI. MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER A force of 16 lb is required to hold a spring stretched 8 in. beyond its natural length. How much work W is done in stretching it from its natural length to 11 in. beyond its natural length? W = ft-lb Need Help? Read It Watch It Master It Need Help? 3 Most companies have an IT department. I believe their cost should be allocated but what is the best way to allocate the costs when the IT department comes to HR or another department to repair a computer? Oriole Company is considering a long-term investment project called ZIP. ZIP will require an investment of $125,400. It will have a useful life of 4 years and no salvage value. Annual cash inflows would increase by $83,600, and annual cash outflows would increase by $41,800. The company's required rate of return is 12%. Click here to view the factor table.Calculate the internal rate of return on this project. (Round answers to 0 decimal places, e.g. 15%.) Internal rate of return on this project is between ______% and _______%Determine whether this project should be accepted? The project _______ be accepted Derek plans to retire on his 65th birthday. However, he plans to work part-time until he turns 73.00. During these years of part-time work, he will neither make deposits to nor take withdrawals from his retirement account. Exactly one year after the day he turns 73.0 when he fully retires, he will begin to make annual withdrawals of $175,533.00 from his retirement account until he turns 90.00. He he will make contributions to his retirement account from his 26th birthday to his 65th birthday. To reach his goal, what must the contributions be? Assume a 7.00% interest rate. Waterways has two major public-park projects to provide with comprehensive irrigation in one of its service locations this month. Job 357 and Job K52 involve 15 acres of landscaped terrain, which will require special-order, sprinkler heads to meet the specifications of the project. Using a job cost system to produce these parts, the following events occurred during December. Raw materials were requisitioned from the company's inventory on December 2 for $5,031; on December 8 for $1,065; and on December 14 for $3,459. In each instance, two-thirds (2/3) of these materials were for J57 and the rest for K52. Six time tickets were turned in for these two projects for a total amount of 18 hours of work. All the workers were paid $18 per hour. The time tickets were dated December 3 , December 9 , and December 15 . On each of those days, 6 labor hours were spent on these jobs, two-thirds (2/3) for J57 and the rest for K 52 . The predetermined overhead rate is based on machine hours. The expected machine hour use for the year is 2,101 hours, and the anticipated overhead costs are $840,400 for the year. The machines were used by workers on projects K52 and J57 on December 3,9 , and 15. Six machine hours were used for project K52 (2 each day), and 8.5 machine hours were used for project J57 ( 2.5 the first day and 3 each of the other days). Both of these special orders were completed on December 15. producing 200 sprinkler heads for J57 and 100 sprinkler heads for K52. Dec. 1 Purchased raw materials from Durbin Supply Company on account for $53,600. Dec. 2 Issued $39,800 of direct materials from the company's inventory to jobs other than K52 and J57 and $3,000 of indirect materials. Dec. 12 Paid Waterways' factory salaries and wages for $64,800. Dec. 13 Paid the factory's water bill of $9,000. Dec. 18 Transferred $50,100 of costs from other completed jobs to finished goods. Dec. 21 Paid the factory's electric bill of $12,100 for Waterways' factory. Dec. 31 Made adjusting entries forth factory that included accrued property taxes of $11,900, prepaid insurance of $8,800 and accumulated depreciation of $16,000. Set up the job cost sheets for Job No. J57 and Job No. K52. Determine the total cost for each manufacturing speci these jobs. (Round unit costs to 2 decimat places, e.g. 12.25.) Questign 2 of 4 H command Develop a summary of revenue, cash flow, and a balance sheet for first five years for a private (LLC) start up company. Also, describe the product or service that is offered. Verify the conclusion of Green's Theorem by evaluating both sides of each of the two forms of Green's Theorem for the field F = 7xi-yj. Take the domains of 2 2 integration in each case to be the disk R: x + y sa and its bounding circle C: r = (a cost)i + (a sin t)j, 0t2. Click here for the two forms of Green's Theorem. The flux is (Type an exact answer, using as needed.) Solve the following linear differential equations, giving the general solution. da =x+e" (b) x + (1+x)y=e-z dy dz The system of equations 2y 2z = = 4y 9z = 8 has the general solution (a) x = 5, y = 2, z = 1. (b) x = 0, y = -1, z = 0. (c) x = 1+ 2t, y = 2 +9t, z = t where t = R. (d) x = 5t, y = 4t+2, z = t where t E R. (e) x = 5t, y = 4t - 2, z = t where t R. 2x I 5x - | | 252 400 what reactants do organisms need in order to do photosynthesis how to find the linear distance traveled by a wheel Use the graph to find the indicated value of the function. f(3) = point(s) possible AY Determine the equations of all asymptotes of each function. x + x a. f(x) = 2x+3 x-4 b. f(x)= 1-8 c. f(x) = - 2x-x x+1