Junita spends $10 to buy a field of aspirin - product market. because a product is bought through the households for final intake.
Junita earns $650 in line with week working for A plus accountants. - factor market as gives her provider to the company for which she recieves fee.
Gilberto spends $250 to buy tax offerings from A plus accountants- product market as it is carrier that is bought through households.
This are the elements of this situation constitute a flow from a company to a household. this can be a flow of dollars, inputs, or outputs.
The aspirin Junita receives is an output flow from companies to households.
The $225 per week Gilberto earns working for Pillmart pharmacy is dollar flow from company to households for the service provided by using the households.
Accountants are professionals who help individuals, businesses, and organizations keep track of their financial transactions and ensure that they are in compliance with financial regulations. They perform a wide range of tasks such as preparing financial statements, analyzing and interpreting financial data, creating budgets, and assessing and mitigating financial risk. They use their knowledge of accounting principles, tax laws, and financial software to perform their duties.
In addition, accountants also provide valuable advice to clients on financial planning, investment opportunities, and other important financial decisions. There are different types of accountants, including public accountants, management accountants, government accountants, and internal auditors. The role of accountants is crucial to the success of any organization, as they help ensure that financial information is accurate, up-to-date, and provides meaningful insights into the financial performance of the organization.
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Kathy Myers frequently purchases shares and bonds, but she is uncertain how to determine the rate of return that she is earning. For example, five years ago she paid $153,000 for 900 common shares of Malti Company. She received a $3,060 cash dividend on the shares at the end of each year for five years. At the end of five years, she sold the shares for $198,900. Kathy would like to earn a return of at least 8% on all of her investments. She is not sure whether the Malti Company shares provided a 8% return and would like some help with the necessary computations.
Click here to view Exhibit 10-1 and Exhibit 10-2, to determine the appropriate discount factor(s) using tables.
Required:
Determine the net present value. (Negative amounts should be indicated with a minus sign. Round discount factor(s) to 3 decimal places. Round other intermediate calculations and final answer to the nearest dollar amount.)
Did the Malti Company shares provide a 8% return?
multiple choice
Yes
No
The present value of the first year's dividend = $2,831
The present value of the second year's dividend = $2,624
And so on for the next three years
The present value of the sale price of the shares = $162,093
How did we get the values?To determine the net present value, we need to calculate the present value of the cash inflows (dividends and the sale price of the shares) and subtract the present value of the outflow (the initial investment).
Dividends:
The present value of the first year's dividend can be calculated as follows: $3,060 / (1 + 0.08)^1 = $2,831
The present value of the second year's dividend can be calculated as follows: $3,060 / (1 + 0.08)^2 = $2,624
And so on for the next three years.
Sale price of shares:
The present value of the sale price of the shares can be calculated as follows: $198,900 / (1 + 0.08)^5 = $162,093
Investment:
The present value of the investment can be calculated as follows: $153,000
Net Present Value (NPV):
NPV = sum of present value of cash inflows - present value of outflow
= $2,831 + $2,624 + $2,428 + $2,239 + $2,058 + $162,093 - $153,000
= $17,183
Since NPV is positive, it means that the investment generated a return greater than 8%. So, the answer is "Yes, the Malti Company shares provided a 8% return".
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What value is assigned to the integer variable num by the following statement if the current value of num is 4?num = num * 2;2468 8
8 is assigned to the integer variable num by the following statement if the current value of num is 4?num = num * 2;2468.
What are integers?A whole number, or a number without a fractional component, is an integer. Integers can be zero, positive, or negative. In mathematics, they are denoted by the letter Z, and in computer science, by the int data type.
In computer programming, integers are used to represent quantities such as money, distances, and counting numbers. The greatest and minimum values that can be contained in an integer are determined by the number of bits in which they are stored. For instance, an int data type in the majority of computer languages utilizes 32 bits to hold a value, allowing it to store numbers between -2,147,483,648 and 2,147,483,647.
Numerous mathematical and logical processes, including addition, subtraction, multiplication, division, and comparison, all make use of integers. In addition, integers can be utilized in bitwise operations, in which each bit is handled as a distinct binary value and subject to independent manipulation.
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the short run for a firm is the period of time during which _____. multiple select question:
a. some costs are fixed b. output is fixed c. output can vary d. all costs are variable
For a firm, the short term is the time frame in which: While certain expenses are fixed, output might change. While a company's production may fluctuate temporarily, some costs are remain set and difficult to adjust.
The time frame in which some costs are set is known as the short run for a firm. Some expenses, like rent, equipment, and other investments, cannot be modified easily or rapidly in the near term. However, short-term adjustments may be made to variable costs, including labour and raw materials, in response to shifts in demand. Meaning that the firm's cost structure is not entirely adjustable in the near term. Due to this, businesses must choose between raising output to benefit from economies of scale and maintaining a cost structure that ensures profitability. In this regard, enterprises should take the short term into account when deciding on production and price strategies.
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Explain the purpose of a general journal in accounting and give at least two examples of transactions that may be recorded in this journal.
A general journal is a book of raw business transactions recorded in chronological order by date.
General journal typically contain information about things like cash receipt and payment.In addition,they can also contain inventory,balances,purchases and sales.
•Cash receipt: A cash receipt is a proof of purchase issued when the buyer has paid in cash.
p•Payments:
Payment is the transfer of money, goods, or services in exchange for goods and services in acceptable proportions that have been previously agreed upon by all parties involved.
•Inventory:Inventory refers to all the items, goods, merchandise, and materials held by a business for selling in the market to earn a profit.
•Balance:Balance gives insights into a company and its operations. It reveals a company's liabilities, assets, and owners' equity net worth.
•Purchase and sales:Purchase is a process through which a person gets the ownership of some goods or properties transferred in his name from another, on payment of money. Similarly, sale is a process through which the ownership of some goods or properties is transferred from one person (seller) to another person (buyer), for a price.
We can think of equity as a degree of ownership in any asset after subtracting all debts associated with that asset. shareholder equity is calculated as total equity minus total liabilities
Shareholder equity is a financial statistic that shows a company's remaining ownership stake.Also, its assets after obligations have been removed.
It is the amount of assets accessible to shareholders in the case of a liquidation. The difference between total assets and total liabilities is used to determine shareholder equity. It shows shareholder contributions in the form of investments and cumulative earnings throughout time.
The number for shareholder equity is an important measure of a company's financial health and stability. A high level of shareholder equity is a good indicator of a company's capacity to create profits, pay dividends, and weather economic downturns.
A low amount of shareholder equity may suggest a higher level of financial risk for the firm and its shareholders.
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Which of the following events can create the most significant shift in the demand curve?
when the quantity demanded varies in agreement with the initial demand connection and the price of goods changes.
Why does demand matter?The link between the supply and demand is crucial because it helps to establish the costs and availability of the majority of goods and services in a given market. The interplay between and demand eventually balances out in accordance with the tenets of a market economy.
Who invented the term "demand"?Although Sir James Steuart coined the phrase "basic economics" in his 1796 book Inquiry into Political Economy Principles Economy, numerous other academics and intellectuals, including Adam Smith, John Stuart mill, Alfred Lord, and Ibn Taymiyyah, are credited with studying the theory's roots.
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an investor is considering municipal bond swap. all of the following should be considered when determining whether a municipal bond tax swap will result ina wash sale except
The cost basis and holding period of the bonds being sold and the new bonds being acquired. The tax implications of the sale and swap, including capital gains taxes and any state or local taxes. The credit rating and financial stability of the issuing municipality.
What is the current market value of the bond and how does it compare to the original purchase price?The current market value of the bond is the current price at which the bond is trading in the market. To determine if a swap would result in a wash sale, it is important to compare the current market value to the original purchase price. If the current market value is lower than the original purchase price, swapping the bond could result in a loss, which could trigger a wash sale. On the other hand, if the current market value is higher, swapping the bond could result in a gain, which would not trigger a wash sale. It is important to consider the current market value and the original purchase price when making a decision about a municipal bond swap.
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An attorney was sued by a client for malpractice. The client obtained a judgment against the attorney and, by filing the judgment in the county in which the attorney rented an office, created a lien that was valid against any real property then owned or subsequently acquired by the attorney for up to 10 years. Three years later, the attorney purchased a residence in the same county. The attorney financed the purchase with a loan from a bank, which was secured by a mortgage on the residence. Two years later, the attorney failed to make the required mortgage payments. The bank initiated foreclosure proceedings, joining the client as a party. The jurisdiction has adopted the following statute: "No conveyance or mortgage of real property shall be good against subsequent purchasers for value and without notice unless the same be recorded according to law." In addition, the jurisdiction treats a mortgage as a lien against the real property. Who has priority to the proceeds from the foreclosure sale?
Due to the fact that the mortgage was a purchase money mortgage, the bank had priority over the proceeds of the foreclosure auction.
Purchase money loans are given priority, right?At the same moment that real estate is purchased, transferred, and put to use as security for a purchase money mortgage. (a) Purchase money mortgages are given priority over all other liens or claims, regardless of how old they may be, that are made against the property through the mortgagor.
Why is the priority of a mortgage important to a mortgage lender?The priority becomes a source of concern when there are insufficient funds to fully repay all of the lenders. The lender with the greatest priority will often be entitled to receive the entire selling proceeds as payback before the lenders with lower priorities receive anything, but this is not always the case.
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you should always introduce your paraphrases to let the reader know when borrowed information begins.
Yes, it is a good idea to introduce paraphrased material to let the reader know when original material ends. This promotes openness and trust and demonstrates your familiarity with and appropriate use of the original information.
The word "introduce" describes the process of introducing something new to other people. It can be used to describe introducing oneself to someone or introducing a new concept, service, or product. In writing, it's crucial to introduce a paraphrase to indicate that the information is taken from another source. By doing this, plagiarism is reduced and the original author is given credit. The introduction aids the reader in understanding the information being delivered by giving them context. Introducing oneself or others to one another is a typical technique to meet new people and develop relationships in social settings. Overall, introductions are an important part of communication since they promote comprehension and teamwork.
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Ben and Carla Covington plan to buy a condominium. They will obtain a $226,000, 20-year mortgage at 7.0 percent. Their annual property taxes are expected to be $1,100. Property insurance is $660 a year, and the condo association fee is $220 a month. Based on these items, determine the total monthly housing payment for the Covingtons. Use Exhibit 7-7. (Round your intermediate calculations and final answer to 2 decimal places.)
According to the given data, the Covingtons' total monthly housing payment is $1,744.30.
What is payment?Payment is the exchange of monetary products, or services for did agree amounts of accepted products and services from all involved parties. The exchange of services can be used as payment, along with cash, checks, wire transfers, credit cards, debit cards, and cryptocurrencies.
The following factors must be taken into account when determining the Covingtons' total monthly housing payment:
mortgage remittance:
The following calculation can be used to get the monthly mortgage payment:
P is equal to (r(1 + r) / (((1 + r) - 1)). * L\swhere:
P = a recurring payment
(7% over 12 months = 0.00583333)r = monthly interest rate
(20 years times 12 months = 240 payments)
L = $226,00 loan amount
P = (0.00583333 * (1 + 0.00583333)240) / (((1 + 0.00583333)240) - 1) * $226,000 P = $1,377.63 When the numbers are entered, we get:
Real estate taxes
The yearly property tax can be computed by dividing it by 12 months to get the monthly property tax.
$1,100 ÷ 12 = $91.67
Property insurance: The yearly property insurance can be divided by 12 months to determine the monthly property insurance.
$660 ÷ 12 = $55
Condo association charge: The monthly payment of $220 for the condo association fee is already stated in the inquiry.
The total of all payments is $1,377.63 plus $91.67 plus $55 plus $220, which comes to $1,744.30.
Therefore, the Covingtons' total monthly housing payment is $1,744.30.
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The economic utility involved in a corporation adding a training division topromote a positive experience with their products isO A DOSA.PossessionB.ServiceC.Place
The economic utility involved in a corporation adding a training division to promote a positive experience with their products is Possession.
Hence, option (a) is correct.
Form, time, location, and possession are the four categories of economic usefulness. Companies that understand and uncover gaps in their marketing strategies may examine customer purchasing decisions and discover the causes behind those decisions, increasing sales and profitability.
Economic Utility is the overall amount of enjoyment derived by a consumer from the consumption of a product. In other terms, it is the ability of any thing or commodity to please. Mr. Vivek, for example, has the option of riding or driving to work.
The value a client derives from possessing a product is referred to as possession utility. Companies seek to streamline the acquisition process so that customers may own their products more easily.
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a copy company wants to expand production. it currently has 20 workers who share eight copiers. two months ago, the firm added two copiers, and output increased by 200,000 pages per day. one month ago, the firm added five workers, and productivity also increased by 100,000 pages per day. a copier costs about twice as much as a worker. assume these increases in productivity per worker and productivity per copier are good proxies for future increases in productivity when hiring additional workers or purchasing additional copiers.
In this instance, we must examine each manufacturing factor's marginal productivity and connect it to its cost. Calculating the marginal productivity of the copiers using an assumed constant yields 20,000 AP = 10,000 Ac 2.
In other words, every additional copier will increase daily production by 10,000 pages. If the copiers' marginal productivity is considered to be constant, it can be estimated using the formula 25,000 AP = 5,000 || Aw. A worker's addition will result in a 5,000 page/day boost in output.
Since the cost of a copier is four times that of an employee, the break-even point should occur when the copier's marginal productivity is four times that of an employee. This indicates that the new copier must have a minimum daily marginal production of 4*5,000, or 20,000 pages. As long as the marginal productivities remain the same, the expansion should involve hiring more people because the marginal productivity of the copier is below this break-even point (10,000–20,000).
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suppose a famous baseball player, jacob degrom, hires a high-school student to paint his house. which of the following is most likely true?
The option that is most likely TRUE is the opportunity cost of painting a house is higher for Jacob deGrom than for the high-school student.
What is the opportunity cost?Opportunity cost is the cost of an opportunity forgone, it is the benefit of the next best alternative that has to be given up to pursue a certain action. In this case, the opportunity cost of painting a house would be higher for Jacob deGrom as compared to the high school student.
This is because Jacob deGrom, being a famous baseball player, is likely to have other higher value opportunities such as training, playing games or endorsing products, etc. On the other hand, the high school student is less likely to have as many high value opportunities as Jacob deGrom and thus the opportunity cost of painting a house for them would be lower.
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3. There are alternate methods of dispute resolution to avoid a trial. Explain below which option is best in each circumstance below and why.
The importance of alternate methods of dispute resolution which helps in avoiding trial is that the through ADR, parties are generally more satisfied because they may directly participate in working out the terms of their settlement.
Why is alternate methods of dispute resolution important in avoiding a trial?Any method of resolving disputes other than through litigation is referred to as alternative dispute resolution. Its encompasses all conflict resolution processes and techniques that take place outside of any governmental authority. The most well-known ADR methods are mediation, arbitration, conciliation, negotiation, and transaction.
All ADR methods share the ability for parties to find admissible solutions to their conflicts outside of traditional legal/court proceedings, but they are governed by different rules. For example, in negotiation, no third party intervenes to help the parties reach an agreement, as opposed to mediation and conciliation, where the third party's purpose is to promote an amicable agreement between the parties.
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demand curves slope downward because, other things equal, multiple choice 2 a decrease in a product's price raises mu per dollar and makes consumers wish to purchase more units. a decrease in a product's price lowers mu. an increase in a product's price raises mu per dollar and makes consumers wish to purchase more units. an increase in a product's price lowers mu.
Demand curves slope downward because, other things equal, a decrease in a product's price raises MU per dollar and makes consumers wish to purchase more units. Thus, option A is correct.
What is Demand curves slope?The relationship between a commodity's price and the quantity demanded is represented graphically by a demand curve. A demand curve displays the price on the left axis and the quantity demanded on the right.
Given that the demand curve is a graphical representation of the demand schedule, it is also sometimes referred to as the demand schedule. They could be either straight or curved.
The negative slope of the demand curve is the result of such an inverse relationship between price and quantity demanded. Additionally, the downward slope of the demand curve emphasises the asymmetry between price and quantity demanded.
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if a transferor is concerned about shielding his assets from a creditor, which of the following transfer techniques should he utilize? he should create a testamentary bypass trust. he should transfer his assets to an utma for his minor child. he should transfer his assets to a section 2503(c) minor's trust and name an independent trustee. he should execute a payable on death designation on his bank account.
If a transferor is concerned about shielding his assets from a creditor, (A) he should create a testamentary bypass trust. So that the asset will safe because there is an agreement letter.
In economic and business, A bypass trust or also known as AB trust, generally can be defined as a legal arrangement that allows married couples to avoid estate tax on certain assets when one spouse passes away. Based on the, bypass trust or also known as AB trust, When one spouse dies, the estate's assets are split into two separate trusts. Bypass trusts are used in the United States as a legitimate tool to circumvent gift tax, and to minimize taxation of assets upon death of a married couple.
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Which of the following represents an event that is less routine when accounting for long-term assets?
A. changing the estimated useful life of an asset
B. recording an asset purchase
C. recording depreciation on an asset
D. recording accumulated depreciation for an asset or asset category
D. recording accumulated depreciation for an asset or asset category.
The expected decline in the valuation of fixed assets over course of a fiscal year is known as depreciation. For tangible items like residential housing, industry, vehicles, and so on, large lump-sum buys are made.
Straight lines, twofold dropping, years' digits totaling, and units of manufacturing are the four fundamental depreciation methods. Each method is applied to different companies and asset classes.
To calculate degradation using the straight-line method, decrease the asset's cost from its replacement cost (what you believe it will be worth at the end of its service life. The result, also known as the salvage value basis, is the percentage that can be discounted. The asset's usage, which is expressed in years, is deducted from this amount.
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the___ approach to management ignored the more rational side of the worker and the important characteristics of the formal organization
Answer:
the Human Relation approach to management ignored the more rational side of the worker and the important characteristics of the formal organization
Explanation:
Jeremy issues 5,000 shares of common stock for $10 per share. Which of the following accounts are affected? a.Notes payable
b.Common stock
c.Revenue
d.Cash
Option (b) and (d), Jeremy issues 5,000 common shares at a price of $10 each. Cash accounts and Common Stock are both impacted.
What accounting factors affect common stock?Your business's balance sheet needs to be adjusted in two accounts to reflect the transactions that occur when stock is distributed by a corporation. The both cash account, as well as the stockholder's account, as well as the stockholder's account are impacted by stock difficulties. The issue of shares increases your equity in the company as a shareholder.
When common stock is issued, what happens to the cash?At the time of issuance, common stock is normally priced at fair value, which corresponds to the amount of money received. The par value value of the shares, if any, is deducted from any surplus above par value before the balance is allocated to additional paid-in capital.
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Which of the following primary value chain activities induce buyers to purchase a product and provide a means for them to do so?A inbound logisticsB sales and marketingC outbound logisticsD operations/management
Option (b) sales and marketing primary value chain activities induce buyers to purchase a product and provide .
Sales and marketing are critical components of any business. They are inextricably linked and serve as a catalyst for revenue generation (profit). While marketing is concerned with increasing awareness of a brand or organisation, sales convert that viewership into profits by converting potential customers into actual customers.
Both sales and marketing aim to generate revenue for a company. However, marketing is primarily concerned with long-term objectives, whereas sales is concerned with the short term. Sales departments typically operate on strict timetables, whereas marketing objectives are frequently intangible
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What is the equation?
Two expressions joined by an equal sign form a mathematical statement known as an equation.
What is the use of equations in real life?It can be applied to address issues related to aging. It is used to figure out how fast, how far, and how long something is moving. Problems involving geometry can be resolved. It is employed to solve problems involving money and percentages.
Mathematical equations with two expressions on either side of the "equal to" sign are referred to as simple equations. This type of equation consists of a variable, which is typically represented by x or y. Rearranging is frequently necessary to solve simple equations.
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the following information relates to ridley company for 2017: direct materials used $28,000 direct manufacturing labor 17,000 total manufacturing costs incurred 59,000 ending finished goods inventory 4,000 beginning finished goods inventory 9,000 ending work-in-process inventory 3,000 beginning work-in-process inventory 5,000 what is cost of goods sold for 2017? answer $14,000 $61,000 $66,000 $64,000 i don't know ye
The cost of Goods Sold (COGS) for 2017 for Ridley Company can be calculated using the following formula and which is $59000
COGS = Beginning Finished Goods Inventory + Manufacturing Costs Incurred – Ending Finished Goods Inventory – Ending Work-in-Process Inventory
COGS = 9,000 + 59,000 – 4,000 – 3,000
COGS = 59,000
COGS for 2017 for Ridley Company is $59,000.
Direct materials used and direct manufacturing labor is part of the costs incurred, but they are not included in the calculation of COGS. The calculation of COGS only includes the costs incurred to produce finished goods that have been sold.
This includes the cost of raw materials, direct labor, overhead, and other costs associated with manufacturing.
The beginning finished goods inventory and the ending finished goods inventory represent the cost of goods that have been manufactured but not yet sold.
The beginning and ending work-in-process inventories represent the cost of goods that have been partially manufactured, but not yet completed. These costs are not included in the calculation of COGS.
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10. Which of the following would be most likely to occur if the United States placed high tariffs on imported goods? Explanation: High tariffs would protect less efficient domestic producers from foreign competition.
The most likely outcome is that domestic producers of the good or service will boost their output in the protected domestic industries, increasing the need for workers in those sectors.
Other countries' prices rise more quickly than those in the United States. U.S. goods will be comparatively less expensive than goods and services offered elsewhere in the world when overseas prices rise faster than those in the U.S. As a result, net exports will rise due to an increase in U.S. exports. Tariffs have the potential to lead to inflation. Through the imposition of an importer-paid tax on imported goods, tariffs raise the cost of goods and services in domestic markets. The domestic importer then raises the price of the products and services to offset the rising costs.
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Which of the following are prospective financial statements upon which an accountant may appropriately report for general use?A. Pro forma financial statements.B. Financial projections.C. Partial presentations.D. Financial forecasts.
Financial forecasts are prospective financial statements upon which an accountant may appropriately report for general use.
Which of the following kinds of attestation assignments is permissible for an accountant to carry out in relation to upcoming financial statements?Agreed processes, exams, and compilations are the three main kinds of attestation engagements that an accountant may carry out in conjunction with anticipated financial statements.
What two categories of financial statements are prospective?Potentially useful financial data can take the shape of a forecast, a projection, or a mix of the two. For instance, a one-year forecast combined with a five-year projection.
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Identify the true statements with respect to performance measurement's role in operations strategy. 1. Performance measures control operations
2. Performance measures communicate strategic intentions to operations personnel
The true statement in regard to performance measurement's role in operations strategy is 2: "Performance measures communicate strategic intentions to the operations personnel".
Performance measures are metrics used to evaluate the efficiency and effectiveness of operations, processes, and activities in an organization. They provide data and insights into how well the organization is achieving its goals and objectives, and help to identify areas for improvement. Examples of performance measures include production rates, cycle time, product quality, customer satisfaction, and costs.
In regard to operations strategy, performance measures provide strategic intentions to operations personnel.
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apr 30-year term 20-year term 15-year term 5.5 $5.68 $6.88 $8.17 6.0 $6.00 $7.16 $8.44 6.5 $6.32 $7.46 $8.71 7.0 $6.65 $7.75 $8.99 7.5 $6.99 $8.06 $9.27 determine the percent increase in total principal and interest paid between a 15-year term and a 20-year term mortgage with a principal balance of $395,450.00 and a 6.5% apr. round the final answer to the nearest tenth. (2 points) 14.1% 14.2% 17.2% 18.0%
The loan's monthly payment is $1892, and the total interest paid to date is $534,579. Detailed explanation: The total loan payment is known to be: L*(1+ARP) = TP
Where are the time periods and the mortgage loan? I = $ 146,800.000 * (1+0.0525) ^30 = 146,800.000 $ * 4.641 = $ 681379.700 We determine the total interest paid TI by deducting the amount borrowed. TI = TP- L = $ 681,379.700 - $ 146,800.000 = $ 534,579.7 The monthly payment is then calculated by multiplying the total payment by the amount of money owed over the course of 30 years: PM is equal to $681,739,700 / (30*12 months) or $681,739,700 / 360 months. PM = $ 1892. Using the formula, the monthly payment amount (A) is calculated from the principle (P), annual interest rate (r), and number of years (n). A = P·(r/12)/ (1 -(1 +r/12)^(-12n)). We can use 12n = 1215 = 180 and r/12 = 0.09/12 to fill in your numbers: A = $17500·0.0075/(1 - 1.0075^-180) ≈ $177.50
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Which of the following terms is defined as the attempt to measure, in objective terms, the impact and effectiveness of human resource management (HRM) practices in terms of metrics such as a firm's financial performance?
a. Job analysis
b. Utility analysis
c. Market basket analysis
d. Open-book management
b. Utility analysis, Utility analysis is the process of attempting to quantify the impact and efficacy of human resource management (HRM) policies using indicators like a company's financial performance.
Utility analysis is the process of attempting to quantify the influence and efficacy of human resource management (HRM) practises using indicators like a company's financial performance. The value and contribution of HRM practises to a firm's overall financial performance and success are evaluated using utility analysis. This strategy aims to quantify the financial effects of HRM procedures, including hiring and firing, training and development, pay and benefits, and so on, and to evaluate their worth in terms of the bottom line of the business. Organizations may more efficiently allocate resources and make more informed decisions about their human resource management strategy by analysing the financial impact of HRM activities.
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Chad Jones is the sole owner and manager of Jones Glass Repair Shop. Jones purchased a truck, to be used in the business, for its market value of $35,000. Which of the following fundamentals requires Jones to record the truck at the price paid to buy it?
a. Separate-entity assumption
b. Revenue principle
c. Stable monetary unit assumption
d. Historical cost principle
To record the truck at the price paid to buy it Jones required historical cost principle.
What is historical cost principle?Under US GAAP, the historical cost principle is a fundamental accounting principle. Most assets must be recorded on the balance sheet at their historical cost under the historical cost principle, even if their value has significantly increased over time. All assets are not held at their historical cost.The historical cost principle is useful because it enables businesses to track the value of their assets over time, even if that value changes. This principle helps to ensure that companies do not inflate their financial statements by taking advantage of changing market values.The historical cost concept treats an asset's original cost basis as its balance-sheet carrying value.To learn more about historical cost principle refer to :
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company dept. a dept b. predetermined overhead rate per direct labor hour $2.10 $2.40 $1.80 direct labor hours hours worked on job abc 40 18 22 based on this information, the overhead applied to job abc using multiple predetermined overhead rates is $
The overhead applied to job abc using multiple predetermined overhead rates is $167.80.
Multiple predetermined overhead rates are used to allocate overhead costs to different jobs based on how they use resources.
In this case, there are three departments - Department A, Department B and a company department, and each has a predetermined overhead rate per direct labor hour.
The direct labor hours worked on Job ABC are 40 for Department A, 18 for Department B and 22 for the company department. The predetermined overhead rate for Department A is $2.10 per direct labor hour, for Department B it is $2.40 per direct labor hour and for the company department it is $1.80 per direct labor hour.
To calculate the overhead applied to Job ABC, we multiply the direct labor hours worked in each department by the corresponding predetermined overhead rate.
For Department A:
40 direct labor hours * $2.10 per direct labor hour = $84
For Department B:
18 direct labor hours * $2.40 per direct labor hour = $43.20
For the company department:
22 direct labor hours * $1.80 per direct labor hour = $39.60
The total overhead applied to Job ABC is
=> $84 + $43.20 + $39.60 = $167.80.
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Dietrick Corporation produces and sells two products. Data concerning those products for the most recent month appear below: Product B32L Product K84B Sales $ 46,000 $ 27,000 Variable expenses $ 13,800 $ 14,670 Fixed expenses for the entire company were $42,550. If the sales mix were to shift toward Product B32L with total sales remaining constant, the overall break-even point for the entire company: would not change. would increase. could increase or decrease. would decrease.
The overall break-even point for the entire company would decrease.
The break-even point is where total cost and revenue become equal, meaning there is no gain or loss for your small business. In other words, a business has reached the level of production at which the costs of production become equal to the revenues for a product.
In the context of the given questin, the break-even point would decrease in the case the sales mix had to shift toward 'Product B32L' with total sales remaining constant.
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