Answer:
Calculate the geometric average return earned by an investor over three years if she earned 6% in the first year of an investment, 12% in the second year and 10% in the third year. 9.36% 9.27% 9.30% 9.33%
Explanation:
Calculate the geometric average return earned by an investor over three years if she earned 6% in the first year of an investment, 12% in the second year and 10% in the third year. 9.36% 9.27% 9.30% 9.33%
9.33% is the geometric average return earned by an investor over three years if she earned 6% in the first year of investment, 12% in the second year, and 10% in the third year. The correct option is D.
What is the geometric average return in finance?The formula for the geometric average return, also known as the geometric mean return, can be used to figure out the average rate of return on an investment that is compounded over a number of time periods. The geometric average return, to put it simply, accounts for compound interest over a number of periods.
Given
Return rate = 6%, 12%, and 10% respectively in years 1, 2, and 3.
The average rate of return = Sum of All year's return / Number of Years
= 6 + 12 + 10 / 3 = 9.33%
The geometric average return is 9.33%
Thus, the ideal selection is option D.
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There are three uncertain (random) variables in this problem. Select the variables that should represent uncertainty in this model. Group of answer choices What type of fruit to grow Initial Research and Development Cost Salvage Price Yield Pre-Orders Picked up Pre-Orders Placed
Answer:
Yield
Pre orders placed
Pre orders picked.
Explanation:
Uncertain variables are those which can not be predicted. Output of uncertain variables may vary. A farmer has uncertain variables like yield of the crops, order placed and orders picked. Research and development cost is predictable and analysis make it easy to identify benefit of research.
Description Term or Phrase 1. An assessment of whether financial statements follow GAAP. 2. Amount a business earns in excess of all expenses and costs associated with its sales and revenues. 3. A group that sets accounting principles in the United States. 4. Accounting professionals who provide services to many clients. 5. Principles that determine whether an action is right or wrong.
Answer: See explanation
Explanation:
1. An assessment of whether financial statements follow GAAP. = Audit
2. Amount a business earns in excess of all expenses and costs associated with its sales and revenues. = Net income
3. A group that sets accounting principles in the United States. = Financial Accounting Standard Board (FASB)
4. Accounting professionals who provide services to many clients. = Public accountant
5. Principles that determine whether an action is right or wrong.= Ethics
An assessment of whether financial statements follow GAAP: This is known as an "audit" or "financial statement audit." It involves an examination of financial statements to ensure that they have been prepared in accordance with Generally Accepted Accounting Principles (GAAP), which are the standard accounting principles and guidelines used in the United States.
What are the responses to other questions?2. Amount a business earns in excess of all expenses and costs associated with its sales and revenues: This is referred to as "profit" or "net income." It represents the remaining funds after deducting all expenses, including operating costs, taxes, interest, and other relevant expenditures, from the total revenues generated by the business.
3. A group that sets accounting principles in the United States: This group is called the "Financial Accounting Standards Board" (FASB). FASB is an independent, private-sector organization responsible for establishing and improving accounting standards in the United States. Their goal is to ensure transparency and consistency in financial reporting.
4. Accounting professionals who provide services to many clients: These professionals are known as "public accountants" or "certified public accountants" (CPAs). They offer accounting and financial services to various clients, including individuals, businesses, nonprofit organizations, and government entities. CPAs are typically licensed and regulated by state boards of accountancy.
5. Principles that determine whether an action is right or wrong: These are referred to as "ethical principles" or "ethical standards." They provide guidance on what is considered morally right or wrong in the context of accounting and business practices. Ethical principles in accounting include integrity, objectivity, professional competence and due care, confidentiality, and professional behavior. They serve as a framework for accountants to maintain ethical conduct and make informed decisions.
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Piedmont Company segments its business into two regions - North and South.
The company prepared the contribution format segmented income statement shown below:
Total Company North South
Sales $800,000 $600,000 $200,000
Variable expenses 560,000 480,000 80,000
Contribution margin 240,000 120,000 120,000
Traceable fixed expenses 122,000 61,000 61,000
Segment margin $118,000 $59,000 $59,000
Common fixed expenses 52,000
Net operating income $66,000
Required:
1. Compute the company-wide break-even point in dollar sales.
2. Compute the break-even point in dollar sales for the North region.
3. Compute the break-even point in dollar sales for the South region.
Answer:
1. Company-wide break-even point in dollar sales:
Break even point in dollar sales = (Traceable fixed expenses + Common fixed expenses) / Contribution margin %
Contribution margin % = Contribution margin / Sales revenue * 100%
= 240,000 / 800,000 * 100%
= 30%
Break even point in dollar sales :
= (122,000 + 52,000) / 30%
= $580,000
2. Break-even point in dollar sales for the North region.
Break even point in dollar sales = Traceable fixed costs / Contribution margin %
Contribution margin % = Contribution margin / Sales revenue * 100%
= 120,000 / 600,000 * 100%
= 20%
Break even point in dollar sales :
= 61,000 / 20%
= $305,000
3. Break-even point in dollar sales for the South region.
Break even point in dollar sales = Traceable fixed costs / Contribution margin %
Contribution margin % = Contribution margin / Sales revenue * 100%
= 120,000 / 200,000 * 100%
= 60%
Break even point in dollar sales :
= 61,000 / 60%
= $101,666.67
Which of the following has the greatest impact on how long an employee stays with an organization and how productive the employee is while there?
a. The employee's coworkers
b. The employee's relationship with their immediate manager
c. How much the employee is paid
d. Promotion opportunities
Answer: The employee's relationship with their immediate manager.
Explanation:
Despite the fact that the options given have an effect on how long an employee will stay in an organization, the greatest impact will be the employee's relationship with their immediate manager.
When a worker has a bad relationship with their immediate manager, this beings about disruption in communication and there won't be a cordial relationship with the manager. This affects the worker and can lead to the worker finding another job.
what is the primary benefit people receive in exchange for paying premiums to an insurance company
Answer:
The insurance company will pay for covered expenses
With premium rates from insurance companies, the overall protection is much more guaranteed than a regular, and perhaps the insurance will cover more than regular insurance.
A benefit that people receive in exchange for paying premiums is that insurance company B.will pay for covered expenses.
What is insurance?The insurance can be regarded as a process of insuring one's property or life in case of danger or any future problems.
The insurance company pays you or someone you choose if something bad happens to you. If you have no insurance and an accident happens, you may be responsible for all related costs.
Therefore, option B is correct because, when people pay their premiums, the company will be available to covered expenses.
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g Taraj is considering changing careers. She has heard about opportunities with supply chain, but is unsure what the industry really is. How would you describe a supply chain?
Answer:
A supply chain refers to a network that involves the production and delivery of goods or services from the manufacturer to the end user (consumer).
Explanation:
Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers. Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.
The key principle of supply chain management can be best summed up as collaboration between multiple firms. These multiple firms include a company that is saddled with the responsibility of manufacturing, a wholesaler, and a retailer who typically sells the products to the customers or consumers.
Basically, these three (3) firms or individuals are required to collaborate with each other so as to meet the needs of the customers in a timely manner or fashion and at a fair price too.
Generally, the four (4) stages of a supply chain include the following;
I. Supply management.
II. Supply chain management.
III. Supply chain integration.
IV. Demand-supply collaboration.
You want to invest $37,000 today to accumulate $41,650 to buy a car. If you can invest at an interest rate of 3% compounded annually, how many years will it take to accumulate the required amount
Answer:
4 years
Explanation:
It takes 4 years to accumulate the required amount.
Based on an examination of the risk and return data for a variety of alternative investments during the period of 1926-2011, which of the following statements is correct? Over the period of 1926-2011, the general trend of increasing riskiness among the following five assets is: U.S. Treasury bills, U.S. government long-term government bonds, long-term corporate bonds, large-company stocks, and small-company stocks. Over the period of 1926-2011, the general trend of increasing return among the following five assets is: U.S. Treasury bills, long-term corporate bonds, U.S. government long-term bonds, large-company stocks, and small-company stocks. Large-company stocks, rather than small-company stocks, exhibit the greater risk and the greater return. Small-company stocks, rather than long-term corporate bonds, exhibit both the greater return and the greater standard deviation.
Answer:
Based on an examination of the risk and return data for a variety of alternative investments during the period of 1926-2011, the correct statement is:
Small-company stocks, rather than long-term corporate bonds, exhibit both the greater return and the greater standard deviation.
Explanation:
Small-company stocks are known to show the highest volatility of returns among these five assets. The reason is that investors in small company stocks always expect higher returns to pay for the higher risks involved in such unproven investments, unlike investing in other assets. In addition, small-company stocks are known to pose higher risks given their known failure to deliver on their promised performance and returns.
An investor currently holds stock in Giggle Corporation and is considering buying stock in either Macrosoft Corporation or Faceplant Corporation. All three stocks have the same expected return and risk. The correlation between Giggle & Macrosoft is 0.25. The correlation between Giggle and Faceplant is -0.10. Portfolio risk is expected to:
a. Increase regardless of whether she buys Macrosoft or Faceplant since they are equally risky
b. Decline more when the investor buys Faceplant
c. Cannot tell from information provided – need to know risk, return and proportion of each stock in the portfolio
d. Stay the same regardless of whether Macrosoft or Faceplant is added since all three have the same risk
e. Decrease more when the investor buys Macrosoft
Answer:
b
Explanation:
Portfolio diversification is the process of holding different asset and security classes in order to minimise the non systemic risk of the portfolio
Correlation is a statistical measure used to measure the relationship that exists between two variables.
1. Positive correlation : it mean that the two variables move in the same direction. If one variable increases, the other variable also increases. It increases the risk of the portfolio
For example, there should be a positive correlation between quantity supplied and price
When there is a positive correlation, the graph of the variables is upward sloping
2. Negative correlation : it mean that the two variables move in different direction. If one variable increases, the other variable decreases. It decreases the risk of the portfolio
For example, there should be a negative correlation between quantity demanded and price
When there is a negative correlation, the graph of the variables is downward sloping
3. Zero correlation : there is no relationship between the variables. It decreases the risk of the portfolio
n a make or buy decision, management should consider: (Check all that apply.) Multiple select question. Employee morale product quality Available capacity Sunk costs Incremental costs Existing sales
Answer:
Sunk cost
Explanation:
Sunk cost is the cost that are already spent and now it is not recovered. We can called as the past cost also. Moreover it is not relevant for the decision making purpose. It includes the expenses like depreciation, rent, etc
So as per the given situation all cost are considered for making or purchasing decision but not the sunk cost
Answer:
Employee morale
Product quality
Workload
Incremental costs
Explanation:
Buying goods or services from an external supplier is called outsourcing. The decisions to make or buy depends on the cost of each alternative.
In a closed economy, saving and investment must be equal, but this is not the case in an open economy. In the following problem, you will explore how saving and investment are connected to the international flow of capital and goods in an economy. Before delving into the relationship between these various components of an economy, you will be asked to recall some relationships between aggregate variables that will be useful in your analysis.
Recall the components that make up GDP. National income (Y) equals total expenditure on the economy's output of goods and services. Thus, where C = consumption, I = investment, G = government purchases, X = exports, M = imports, and NX = net exports:
Y =
Also, national saving is the income of the nation that is left after paying for Therefore, national saving (S) is defined as: S =
Rearranging the previous equation and solving for Y yields Y = . Plugging this into the original equation showing the various components of GDP results in the following relationship:
S =
This is equivalent to S =, since net exports must equal net capital outflow (NCO, also known as net foreign investment).
Now suppose that a country is experiencing a trade surplus. Determine the relationships between the entries in the following table, and enter these relationships using the following symbols: > (greater than), < (less than), or = (equal to).
Answer:
a. Y = C + I + G + NX
b. National saving is the income of the nation that is left after paying for current consumption (C) and government purchases (G).
c. S = Y - C - G
d. Y = S + C + G
e. S = I + NX
f. S = I + NCO
g. Outcomes of a Trade Surplus
Exports > Imports
Net Exports > 0
C + I + G < Y
Saving > Investment
Net Capital Outflow > 0
Explanation:
a. Y = C + I + G + X - M …………………. (1)
If we assumed X is greater than M, we have:
NX = X - M
Substituting NX = X - M into equation (1), we have:
Y = C + I + G + NX
b. Also, national saving is the income of the nation that is left after paying for current consumption (C) and government purchases (G).
c. Therefore, national saving (S) is defined as: S = Y - C - G.
d. Rearranging the previous equation and solving for Y yields Y = S + C + G.
e. Plugging this into the original equation showing the various components of GDP results in the following relationship:
S + C + G = C + I + G + NX
S = C + I + G + NX - C - G
S = I + NX
f. This is equivalent to S = I + NCO, since net exports must equal net capital outflow (NCO, also known as net foreign investment).
g. Now suppose that a country is experiencing a trade surplus. Determine the relationships between the entries in the following table, and enter these relationships using the following symbols: > (greater than), < (less than), or = (equal to).
Note: The omitted table in the question given as follows:
Outcomes of a Trade Surplus
Exports ____ Imports
Net Exports _____ 0
C + I + G _____ Y
Saving ____ Investment
Net Capital Outflow ___ 0
Therefore, the answer is given as follows:
Outcomes of a Trade Surplus
Exports > Imports
Net Exports > 0
C + I + G < Y
Saving > Investment
Net Capital Outflow > 0
What are the solution to unknown gunmen problem
Answer:
the military is the solution
One of the reasons for recognizing revenue at the time of sale is that the risk of loss due to price decline or destruction of the goods is passed to the buyer.A. True B. False
Answer: True
Explanation:
Sales refer to transactions which involves the provision of goods and services to the consumer.
Revenue is recognized at the time of sale so the risk of loss due to price decline or destruction of the goods is passed to the buyer.
Therefore, the correct option is true.
On April 1, Cyclone Co. purchases a trencher for $280,000. The machine is expected to last five years and have a salvage value of $40,000. Compute depreciation expense at December 31 for both the first year and second year assuming the company uses the double-declining-balance method
Answer:First Year Depreciation= $84,000
Second Year Deprecation= $78,400
Explanation:
Using Double declining
We have that :
Depreciation value = Cost - Salvage value
$280,000 - $40,000 =$240,000
Since machine is expected to depreciate for 5 years, Annual depreciation = 240,000 / 5 years
= $48,000
Annual Depreciation Rate = 48,000 / 240,000 = 20%
Therefore, Double declining = 20 x 2 = 40%
First Year Depreciation: from April to December
= 40% x 280,000 x 9/12 months
= $84,000
Second Year Deprecation:
= 40% x (280,000 - 84,000)
= $78,400
Lupo Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours. The company based its predetermined overhead rate for the current year on the following data:
Total machine-hours 30,900 Total fixed manufacturing overhead cost $ 154,500 Variable manufacturing overhead per machine-hour $ 3
Recently, Job T687 was completed with the following characteristics:
Number of units in the job 10 Total machine-hours 30 rect materials $740 Direct labor cost $1,480
The amount of overhead applied to Job T687 is closest to: (Round your intermediate calculations to 2 decimal places.)
a. $240.00
b. $154.50
c. $48.00
d. $338.40
Answer:
a. $240.00
Explanation:
Total variable overhead estimated = $3 * 30,900
Total variable overhead estimated = $92,700
Total overhead estimated = Total variable overhead estimated + Total fixed overhead estimated
Total overhead estimated = $92,700 + $154,500
Total overhead estimated = $247,200
Predetermined overhead rate = $247,200 / 30,900
Predetermined overhead rate = $8
Total machine-hours = 30
Amount of overhead applied to Job T687:
= $8 * 30 hours
= $240.00
Dehner Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on the following data: Total direct labor-hours 85,000 Total fixed manufacturing overhead cost $ 306,000 Variable manufacturing overhead per direct labor-hour $ 6.00 Recently, Job P951 was completed with the following characteristics: Number of units in the job 25 Total direct labor-hours 100 Direct materials $ 700 Direct labor cost $ 8,500 The total job cost for Job P951 is closest to:
Answer:
Total job cost $10,160
Explanation:
The computation of the total job cost is shown below:
Predetermined fixed overhead rate
= total fixed manufacturing overhead expense ÷ total direct labor hours
= $306,000 ÷ $85000
= $3.60 Per hour
Now
Particulars Cost
direct materials $700
Direct labor cost $8500
Fixed manufacturing overhead cost (100 × 3.60) $360
Variable manufacturing overhead cost (100 × 6.00) $600
Total job cost $10,160
Assume tuition at the University of Virginia cost $2,962 (per semester) in 2004 and $11,584 in 2012. If the price index was 184 in 2004 and 226 in 2012, then we could say tuition has increased more slowly than inflation. tuition has increased much more rapidly than inflation. tuition has increased at about the same rate as inflation. nominal tuition has increased. tuition suffers from menu costs due to inflation.
Answer:
tuition has increased much more rapidly than inflation.
Explanation:
2.6
18.6
A firm's marginal product of labor is 4 and its marginal product of capital is 5. If the firm adds one unit of labor but does not want its output quantity to change, the firm should A. add 1.25 units of capital. B. use 1.25 fewer units of capital. C. use 0.8 fewer units of capital. D. use 5 fewer units of capital.
Answer: C. use 0.8 fewer units of capital.
Explanation:
The Marginal Rate of Technical Substitution (MRTS) shows how much you can decrease capital or labor by in order to keep production constant if you increase either capital or labor.
It is calculated by the formula:
= Marginal product of labor / Marginal product of capital
= 4 / 5
= 0.8
The firm should use 0.8 fewer units of capital in order to maintain the same production level.
On June 5, Staley Electronics purchases 100 units of inventory on account for $10 each. After closer examination, Staley determines 20 units are defective and returns them to its supplier for full credit on June 9. All remaining inventory is sold on account on June 16 for $15 each.Required:Record transactions for the purchase, return, and sale of inventory.
Answer:
See the journal entries below.
Explanation:
First, we have:
Units of inventory purchased = 100
Units of inventory returned = 20
Units of inventory sold = Units of inventory purchased - Units of inventory returned = 100 - 20 = 80
Therefore, the journal entries will be as follows:
Date Details Debit ($) Credit ($)
June 5 Inventory (100 * $10) 1,000
Accounts payable 1,000
(To inventory purchased on account.)
June 9 Accounts payable (20 * $10 ) 200
Inventory 200
(To record inventory return.)
June 16 Account receivable (80 * $15) 1,200
Sales 1200
(To record sales on account.)
Cost of goods sold (80 * $10) 800
Inventory 800
(To record cost of goods sold on account)
A monetary growth rule means that :__________a) the Fed will raise interest rates if it thinks the economy is growing faster than potential. b) the Fed will lower interest rates if it thinks a recession is on the horizon. c) the money supply should grow in response to economic conditions. d) the money supply should grow at a constant rate.
Answer:
d) the money supply should grow at a constant rate.
Explanation:
The Federal Reserve System (popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by the U.S Congress on the 23rd of December, 1913. The Fed began operations in 1914 and just like all central banks, the Federal Reserve is a United States government agency.
Generally, the Fed controls the issuance of currency in United States of America: it promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets.
Monetary growth rule is a theory that was proposed by Friedman and it states that the Federal Reserve System (Fed) should be required to set or target the money supply growth rate to be equal to the growth rate of Real gross domestic product (GDP) each year and leaving the price level of goods and services unchanged.
Basically, this growth rate of gross domestic product (GDP) is usually set between 1% and 4%. Also, the monetary growth rule is also referred to as the K-Percent rule.
Hence, a monetary growth rule means that the money supply should grow at a constant rate.
If the unemployment rate is 5.8% and the number of unemployed persons is 15 million, the labor force is approximately:___________A. 258 million.B. 25.8 million.C. 87 million.D. 870 million.E. 2.6 million.
Answer: 258 million
Explanation:
The labor force refers to the number of people who are employed and the unemployed who are also looking for work.
Let the labor force be represented by x. Based on the question given, we can form an equation which will be:
5.8% of x = 15 million
0.058x = 15 million
x = 15million / 0.058
x = 258 million
Therefore, the labor force is approximately 258 million.
A ________ has reduced or eliminated internal tariffs and adds a common external tariff on products imported from countries outside the group.
Answer:
Customs union.
Explanation:
Economic integration can be defined as a strategic trade arrangement between countries to eliminate or mitigate trade barriers, as well as coordinate fiscal and monetary policy among its members.
Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time. There are different types of market or trade bloc used in economic integration and these includes;
I. Political union.
II. Free trade area.
III. Common market.
IV. Economic union.
VI. Customs union.
A customs union can be defined as an agreement between a group of states (two or more neighboring countries) to minimize or eliminate customs duty, remove trade barriers and adopt a common external tariff on imported goods outside the union.
Hence, a customs union is established to reduce or eliminate internal tariffs while adding a common external tariff on products imported from countries outside the group in order to allow free trade among themselves.
Answer:
Customs union.
Explanation:
A Customs union has reduced or eliminated internal tariffs and adds a common external tariff on products imported from countries outside the group.
On July 1, 2020 Garcia Corporation issued 5%, 10-year bonds with a face value of $8,000,000 at 96. Interest is paid on Jan 1 and July 1, with any premiums or discounts amortized on a straight-line basis. Bond interest expense reported on the December 31, 2020 income statement of Garcia Corporation would be
Answer:
Garcia Corporation
Bond interest expense reported on the December 31 2020 income statement of Garcia Corporation would be:
= $216,000.
Explanation:
a) Data and Calculations:
Face value of bonds issued = $8,000,000
Issue price at 96 = 7,680,000 (96% * $8,000,000)
Discount on bonds = $320,000
Coupon rate of interest = 5% or 2.5% semi-annually
Maturity period = 10 years
Period of bonds = 20 (10 * 2)
Interest payment = Jan 1 and July 1 (semi-annually)
Amortized semi-annual discounts = $16,000 ($320,000/20)
Interest payment = $200,000 ($8,000,000 * 2.5%)
Interest expense = $216,000 ($200,000 + $16,000)
Analysis on December 31, 2020:
Interest expense $216,000
Interest payable $200,000
Amortized discounts $16,000
Identify the inventory costing method best described by each of the following separate statements. Assume a period of increasing costs. results in
a. Results in the highest cost of goods sold.
b. Yields the highest net income.
c. Has the lowest tax expense because of reporting the lowest net income.
d. Better matches current costs with revenues,
e. Precisely matches the costs of items with the revenues they generate.
Answer:
LIFO is a form of inventory costing that assumes that more recent stock is sold first and early stock sold last. FIFO is the opposite of this and believes earlier stock is sold first and later stock is sold last.
Weighted average uses a weighted price for all available stock and specific identification uses the exact cost of the inventory.
a. Results in the highest cost of goods sold. ⇒ LIFO
This is LIFO because the closing stock that is subtracted from the cost of goods sold will be earlier stock and as costs are rising, it will be lower than the purchases.
b. Yields the highest net income. ⇒ FIFO
Because FIFO gives a lower Cost of goods sold as opposed to LIFO, it gives a higher income.
c. Has the lowest tax expense because of reporting the lowest net income.⇒ LIFO
Reports lowest income due to high cost of goods sold.
d. Better matches current costs with revenues. ⇒ LIFO
LIFO uses the current inventory which would reflect the current cost of inventory so it matches current costs with revenue.
e. Precisely matches the costs of items with the revenues they generate. ⇒ Specific Identification.
Uses the exact cost of the inventory so precisely matches costs.
Linda believes that employees can view work as being as natural as rest or play, and therefore the average person can learn to accept, and even seek, responsibility. Linda's belief is best described by ______________.
Answer: Theory Y
Explanation:
Douglas McGregor came up with this theory of labor motivation that proposes that people are motivated internally to work hard and so need little push to actually work.
They are like this because they have come to view work as being a natural occurrence just like rest or play. Because it is now natural to them, they are able to learn to accept and even seek responsibility. Managers prefer such workers.
Any one know international banking ?
Answer:
Yes
Explanation:
An international banking is a financial institution that provides different types of financial accounts to client who are not citizens of the nation where the accounts reside
John believes his sales team's performance is due to outside forces, like economic and market factors. Which of the following best describes is John's locus of control?
a. External
b. Market driven
c. Internal
d. Based on labor trends.
Answer:
a. External
Explanation:
There are only two types of locus of control and these are internal and external. In this scenario, John's locus of control would be external. This is because John is connecting various external forces that he cannot control, to the performance of the sales team. This indicates an external locus of control. If John where to instead attribute something such as hard work and training to his sales team's perfomance, then that would be considered an internal locus of control.
Rediger Inc. a manufacturing company, has provided the following data for the month of June. The balance in the Work in Process inventory account was $22,000 at the beginning of the month and $17,000 at the end of the month. During the month, the company incurred direct materials cost of $55,000 and direct labor cost of $28,000. The actual manufacturing overhead cost incurred was $53,000. The manufacturing overhead cost applied to jobs was $51,000. The cost of goods manufactured for June was: _________.
a. $141,000
b. $139,000
c. $134,000
d. $136,000
Answer:
b. $139,000
Explanation:
The cost of goods manufactured is the total costs incurred in the month of June in producing goods which comprise direct costs of labor, direct materials,factory overhead and so on shown in the attached excel file.
Rediger Inc.
Cost of goods manufactured schedule
Direct materials purchased $55,000
Direct labor $28,000
Total direct costs $83,000
factory overhead $51,000
Total manufacturing costs $134,000
Work in process 1/1 $22,000
Work in process 12/31 ($17,000)
Cost of goods manufactured $139,000
You are the project manager assigned to build and decorate a model home. What might be an example of a lead you encounter when scheduling work activities
Answer:
The project manager will face difficulties in lead activities if procurement department is not efficient and cooperative.
Explanation:
The procurement of material needs to be quick in case of construction. There is sometimes quick requirement for materials to continue construction. In this case the activities should be scheduled so that there is not delay in the construction activities due to lead time of raw material.
A project manager leads the team and the project to achieve the target. Lead can be of three days as the wall was constructed three days earlier.
What is lead?Project management, is defined as the activity or the task that started before the previous activity is finished and is related to the understanding of the complete project so that the activities can be worked in a controlled manner.
The project manager must have an idea about how to schedule the activity or the task so the former and the later activities can be worked in balance.
In working on a building and home model the coordination between the construction of the roof and walls are necessary as they are interlinked.
Therefore, there will be a lead if the walls are constructed faster.
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Julio purchased a stock one year ago for $27. The stock is now worth $32, and the total return to Julio for owning the stock was 37 percent. What is the dollar amount of dividends that he received for owning the stock during the year
Answer:
$5
Explanation:
Calculation to determine the dollar amount of dividends that he received for owning the stock during the year
First step is to calculate the total profit earned
Total profit=$27*37%
Total profit=$10
Second step is calculate the Value of stock with profits earned
Value of stock=$27+$10
Value of stock=$37
Now let calculate the the dollar amount of dividends
Dividend=$37-$32
Dividend=$5
Therefore the dollar amount of dividends that he received for owning the stock during the year is $5
