The statement is False. it is not important for the external auditor to understand the role and function of the internal audit function as part of understanding the client.
Internal auditing is an independent, objective warranty and consulting interest designed to feature cost and improve an business enterprise's operations. It facilitates an employer to accomplish its targets by bringing a scientific, disciplined technique to evaluate and enhance the effectiveness of change management, control, and governance approaches.
Internal auditing may achieve this purpose with the aid of presenting insight and pointers based totally on analyses and exams of facts and enterprise tactics. With a dedication to integrity and duty, internal auditing affords cost to governing bodies and senior management as a goal supply of independent recommendations. specialists known as inner auditors are hired via groups to carry out the internal auditing interest.
The scope of internal auditing within an employer may be vast and may involve topics along with a company's governance, threat control, and control controls over the performance/effectiveness of operations (together with safeguarding of belongings), the reliability of economic and control reporting, and compliance with laws and policies.
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how does it facilitate the use of a self-managed team?multiple choice question.by providing raw data regarding the organization, it allows team members to make data-driven decisions quickly and easily.it allows team members to videotape each other and critique each others' performance, which has been proven to be an excellent team-building tool.by providing real-time information about each members' performance, it allows teams to accomplish their work more efficiently.by providing private information about team members, it provides more insight about potential obstacles to their performance.
The IT facilitate the use of self managed team by providing real-time information about each members' performance, it allows teams to accomplish their work more efficiently.
How can a group function more efficiently?Teamwork should be valued and rewarded.
Roles, obligations, and accountability should be made clear.
Establish precise objectives.
converse with one another.
Make choices collectively.
Increase mutual trust and get to know one another better.
Cherish diversity and uniqueness.
How can a team be led effectively and successfully?Be honest and direct in your communication. Since it leads to uncertainty and frustration, employees fear misunderstanding.
Provide a precise vision.
Boost group cooperation.
With care, assign tasks.
Gratitude and constructive criticism are appreciated.
overcome obstacles to remote employment.
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recruiting and hiring management software can help hr managers evaluate how their organization's future staffing needs are influenced by
Influenced by Organizational goals and objectives, Economic conditions, Current and projected employee turnover, Competitor hiring practices, Changes in technology, Legal and compliance requirements.
The purpose of this study is to comprehend organisational retention practises and the factors that contribute to employee turnover. According to important research findings, employees leave their jobs for a variety of reasons, including job stress, job satisfaction, job security, work environment, motivation, salaries, and rewards. These limitations may include budgetary restrictions, management restrictions, technological limitations, and innovation limitations. The size of the organisation, its total assets, its turnover, and the availability of adequate working capital are additional elements that have an impact on the functioning of the organisation. Nonetheless, a high turnover rate raises costs and takes time and energy away from the objectives of the firm.
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total compensation strategies describe the use of benefit and compensation packages in order to support both hr and competitive strategies? question 10 options: true false
True, Total compensation strategies refer to the utilisation of benefits and pay scales to support both human resource and business objectives.
A compensation strategies is the way your firm manages benefits and pay. This involves choosing pay scales, the formulae used to calculate raises and incentives, and the benefits you want to offer your staff. Your compensation plan should take into account the needs of your business, the culture you want to create, and market trends. How your organisation will compensate its employees is described in a compensation strategy. It describes the procedures followed to determine remuneration as well as the categories of perks offered to employees, such as basic pay and non-cash benefits. A compensation plan explains how a firm pays its employees, as opposed to a company values, which defines why an organisation provides its personnel. To be effective, a compensation strategy must be in line with the objectives, business plan, and corporate culture of your organisation.
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your campaign about chest pains is complete, and research shows that you were most successful at reaching people who were already fairly well informed about heart attack warning signs. unfortunately, low-income individuals at highest risk for heart attacks were not as influenced by the campaign. this is an example of:
Your campaign about chest pains is complete, and research shows that you were most successful at reaching people who were already fairly well informed about heart attack warning signs. unfortunately, low-income individuals at highest risk for heart attacks were not as influenced by the campaign. this is an example of the knowledge gap Hypothesis .
What functions does the gap hypothesis?
According to the seismic gap hypothesis, particular faults or plate boundaries become more earthquake-prone the longer it has been since a significant earthquake. The seismic gap hypothesis was applied to earthquake forecasting by McCann et al. in one of the first and most straightforward ways.
What is an example of the knowledge gap theory?
Communication abilities—An educated person will most likely be able to explain themselves considerably better than someone without a formal education.
The communication skills required for effective communication are substantially better in the educated person. Knowledge levels and socioeconomic status are positively associated, with educational attainment levels serving as a common operationalization.
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b. campbell soup reports net receivables totaling over $527 million. to whom has it extended credit and how much bad debt reserve is provided against these receivables? what percentage of total receivables is considered uncollectible?
Stores including shops buy Campbell Soup products. As per Note 13, the business set aside $16.3 million after the year's end as buffer of uncollectible accounts. This sum is 3.4% of total accounts. Debtors Due
What are expenses for uncollectible accounts?May 03, 2022. The charge added to the accounts when a customer misses a payment is known as an uncollectible accounts expenditure. When a customer's nonpayment is guaranteed, this expense may be recognized.
Uncollectible: How do we record it?When using the direct write-off approach, an account is not "written off" until it is determined to just be uncollectable. The accompanying journal entry is used to "write off" an account using this method: Bad Debt Cost is the DR. CR: Accounting receivables
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rory has purchased a product from an insurance company that requires the insurance company to pay him $5,000 each year, and he will continue to receive these payments until he dies. this series of payments is called
The sequence of payments that Rory will get from the insurance company is termed an annuity.
An annuity is a financial product designed to deliver a guaranteed stream of income to an individual or institution over a period of time. A flat sum of cash or a series of payments made over time can be used to buy an annuity. The annuity's payments may be fixed or variable, and they may last for a certain amount of time or the remainder of the annuitant's life. Because it can offer a dependable stream of cash flow during retirement, an annuity is frequently utilised to supplement retirement income. A common instrument for retirement planning is an annuity, which can be acquired through an insurance company or financial institution.
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True or False. Nadir’s excellent technical skills allow him to work well in cooperation with others to get things done.
The answer is true, Nadir’s excellent technical skills allow him to work well in cooperation with others to get things done is true.
In plain English, what is cooperation?A corporation is a legal body whose owner(s) elect a board of directors to manage the organization's affairs. Shareholders are not held accountable for the company's operations or financial state; rather, the corporation is.
What is cooperation, and what are examples?In order to obtain outcomes, or to help one another out in order to accomplish a shared objective, people must cooperate. When someone delivers you a brick and you put it down, that is an example of collaboration. Assistance that is given voluntarily by a person, group, etc.
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if you are meeting with an existing member about their plan needs for the coming year, you may want to review their anoc letter. reviewing this information with your clients, will help them decide whether or not they may need to change plans based upon their needs. anoc stands for:
Annual Notice of Changes. ANOC stands for "Annual Notice of Change." It is a notice that health insurance companies are required to send to their members every year to inform them of any changes that will be made to their health plan in the coming year.
The ANOC letter typically includes information such as changes to premiums, benefits, deductibles, copayments, and network coverage. By reviewing the ANOC letter with their clients, insurance agents and brokers can help their clients understand how the changes will impact their coverage and costs, and make informed decisions about whether or not to switch plans.
An Annual Notice of Change (ANOC) is a document that health insurance companies are required to send to their members every year by law. The ANOC letter outlines any changes that the insurance company will be making to its health plans in the upcoming year. These changes can include adjustments to premiums, benefits, co-payments, deductibles, or the network of providers covered by the plan
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If you are meeting with an existing member about their plan needs for the coming year, you may want to review their ANOC letter. reviewing this information with your clients, will help them decide whether or not they may need to change plans based upon their needs? ANOC stands for:
a) if product a has fixed expenses of $15000 per yearand each unit of product has a $0.20 variable cost, and product b has a fixed expense of $5000 per year and a $0.50 variable cost, at what number of units of annual production will a have the same overall cost as b? b) as a manager at clean tech what other data would you need to evaluate these two products?
If Item A has annual fixed costs of $15,000 and variable costs of $0.20 per unit, the total costs come to 33,333 units.
What are costs defined?An expenditure is defined as such an outflow of funds or assets made to another person or business to cover the cost of a good or service. With Sum-up Invoices, you can make attractive invoices for nothing. An expenditure is a cost incurred by a business that is disbursed to suppliers or used to pay for services or products from other source.
Let the quantity be X.
Total cost = Total Fixed cost + Total variable cost
= Total Fixed cost + Variable cost per product * qty
Hence Total cost for project A = $ 15,000 + $ 0.20 X and
Total cost for project B = $ 5,000 + $ 0.50 X
Hence at equivalent operating qty, the total costs are equal
=> $ 15,000 + $ 0.20 X = $ 5,000 + $ 0.50 X
=> X = 33,333.33 or 33,333 units
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a bank quotes you an interest rate of 7% per annum with quarterly compounding. what is the equivalent rate with (a) continuous compounding and (b) annual compounding
The continuous compounding rate is 6.94% per annum whereas the annual compounding rate is 7.19% per annum, given bank quotes you an interest rate of 7% per annum with quarterly compounding.
Given the following information,
Periodic interest rate = i = 7% = 0.07
Number of times compounding takes place in a year = m = quarterly = 4
We know that,
a) The rate with continuous compounding is
r = m*ln(1+(i/m))
Substituting the given values in the above equation, we get
r = 4*ln(1+(0.07/4))
r = 4*ln(1+(0.0175))
r = 4*ln(1.0175)
r = 4*0.01735
r = 0.0694 or 6.94%
Therefore, the continuous compounding rate is 6.94% per annum
b) The rate with annual compounding is
r = (1+(i/m))^m - 1
Substituting the given values in the above equation, we get
r = (1+(0.07/4))^4 - 1
r = (1+(0.0175))^4 - 1
r = (1.0175)^4 - 1
r = 1.0719 - 1
r = 0.0719 or 7.19%
Therefore, the annual compounding rate is 7.19% per annum
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Broad policies for Public and Private Com-
panies in the Private Sector are formulated
by the
We support governments in achieving better results for their constituents. Experts in public service delivery from all across the world make up our team of CPI Fellows. Governmental efficiency. Action. Policy. nonprofit organization Study of Public Impact Legitimacy.
What is government efficiency?
Balanced budgets, prudent spending, and the reduction of waste and redundancy all contribute to government efficiency. By streamlining the government, we can make sure that every dollar goes where it is most needed. In Illinois, the Civic Federation is in charge of several initiatives aimed at improving government efficiency. You can read our responses, viewpoints, analysis, and further commentary concerning governmental effectiveness here.
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Give 3 situations in which the credit bureaus would have to provide you an additional free report.
1. Adverse action has been taken against you based on information on your credit report.
2. You are unemployed and seeking employment.
3. You are receiving public welfare assistance.
What time will the next free credit report be available?If any of the following apply to you, you can receive more reports for free: You were informed that, as a result of your credit report, you had been refused credit, insurance, employment, or that you had encountered another "adverse action".
Where can I find my credit report?Each of the three credit reporting agencies must provide you with a free yearly credit report, and this is what you are entitled to on AnnualCreditReport.com. Equifax, Experian, and TransUnion are a few of these organizations. Many individuals are struggling financially as a result of the COVID-19 outbreak.
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an owner of a small appliance company is studying a month-end statement. she is trying to make sure all of her funds have been allocated correctly. it is most likely she is looking at a(n) .
It is most likely that the owner is looking at bank reconciliation.
What is bank reconciliation?The process of bank reconciliation involves comparing the bank balances shown in a company's cash book with those shown in its bank statement for a specific time period. This procedure establishes the discrepancies between the balances in the bank passbook and the cash book.
What exactly does bank reconciliation accomplish?Under specific conditions, the bank will monitor it and carry it out automatically. The company will then submit a reconciliation together with the debits and credits that need to be reported. Everything will take place in real-time. In all honesty, we are already partially residing in the world we are headed toward.
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a company borrowed $500,000 from a local bank at an interest rate of 5%. the company's income tax rate is 35%. what is the amount of the company's after-tax interest expense on this loan
Answer:
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Explanation:
gently laser clinic purchased laser equipment for $6,593 and paid $728 down, with the remainder to be paid later. the correct entry would be
The purchase price, sales taxes, transportation fees, insurance paid to cover the item during shipment, assembly, installation, and all other costs involved with preparing the item for use are all included in the cost of equipment, vehicles, and furniture.
Cost of Equipment = $4,249
Cash paid = $627
Accounts payable = Cost of Equipment - Cash paid
= $4,249 - $627
= $3,622
JOURNAL ENTRY
Equipment $4,249
Accounts Payable $3,622
Cash $627
The answer is Equipment$4,249 Accounts Payable$3,622 Cash$627
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the current yield curve for default-free zero-coupon bonds is as follows: maturity (years) ytm 1 9.3 % 2 10.3 3 11.3 a. what are the implied one-year forward rates? if you purchase a three-year zero-coupon bond now, what is the expected total rate of return over the next year? (hint: compute the current and expected future prices.) ignore taxes.
The expected total rate of return over the next year is 27.2%.
To calculate the implied one-year forward rates, we can use the formula:
(1 + YTM)n = (1 + f1) * (1 + f2) * ... * (1 + fn)
where YTM is the yield to maturity for each respective maturity, and f1, f2, ..., fn are the one-year forward rates for each respective year.
Using this formula, we can calculate the implied one-year forward rates as follows:
(1 + 0.093)^1 = (1 + f1)
(1 + 0.103)^2 = (1 + f1) * (1 + f2)
(1 + 0.113)^3 = (1 + f1) * (1 + f2) * (1 + f3)
Solving for f1, f2, and f3, we get:
f1 = 0.1028, f2 = 0.1153, f3 = 0.1291
Therefore, the implied one-year forward rates are 10.28%, 11.53%, and 12.91% for the first, second, and third years, respectively.
To calculate the expected total rate of return for a three-year zero-coupon bond over the next year, we need to first calculate the current price and expected future price.
The current price of the three-year bond can be calculated as:
P0 = FV / (1 + YTM)^n = 1000 / (1 + 0.113)^3 = $713.78
where FV is the face value of the bond.
To calculate the expected future price, we can use the one-year forward rates. The expected price in one year is the future value of the bond after one year at the prevailing one-year forward rate. Therefore, we can calculate the expected future price as:
P1 = FV / (1 + f1)^1 = 1000 / (1 + 0.1028)^1 = $908.04
where f1 is the one-year forward rate for the first year.
The total rate of return over the next year is then:
Expected total rate of return = (P1 - P0) / P0 = ($908.04 - $713.78) / $713.78 = 27.2%
Therefore, if you purchase a three-year zero-coupon bond now, the expected total rate of return over the next year is 27.2%.
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amos holden runs a successful wholesale business that sells equipment to restaurants throughout the southwest. he is considering purchasing his own fleet of trucks to deliver the equipment instead of relying on a shipper as he is currently doing. this most closely represents a decision about
Amos holden runs a successful wholesale business that sells equipment to restaurants throughout the southwest. he is considering purchasing his own fleet of trucks to deliver the equipment instead of relying on a shipper as he is currently doing. this most closely represents a decision about the best way to distribute his products.
What activity falls within the marketing process?Promotion, selling, product/service management, marketing information management, pricing, financing, and distribution are the seven essential elements of marketing. You may more effectively focus your efforts and develop plans to support your organization if you are aware of the fundamental components of marketing.
Conclusive research aims to validate findings using a method that is impartial in order to assist marketers in making judgments. It offers quantifiable data and is useful in drawing conclusions.
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who are the major providers of capital (financing) for business enterprises?
The major provider of capital for business enterprises are Bank, and Government
Capital for new businesses that are just getting started. These businesses are started by one or more individuals with the basic goal of creating and commercialising a product or service. One of the initial tasks for a startup is to raise capital.
Due to the high level of risk associated with investing in start-up businesses, these financially demand a strong business plan in return for their money. In exchange for their investment, they typically receive equity in the business.
This financing is typically sufficient to enable the founder to produce a business plan or prototype that will achieve the interest of startup capital investors.
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Identify the two situations with the highest total surplus.a. Jay buys a house for $40,000 less than he was willing to pay. He bought his home from sellers who received $2,000 more than they were willing to sell for.b. Kevin wanted to spend $50 on a dishwasher and bought one at $45 from a producer who was hoping to receive $40
highest total surplus A. Jay purchases a home for $40,000 less than he was prepared to pay. He purchased his house who were paid $2,000 more B. Kevin bought a dishwasher for $45 from a producer wanting to receive $40 because he planned to spend $50 on one.
In plain English, what is surplus?The quantity of an item or resource that is over the amount that is being actively used is referred to as a surplus. Many diverse things, including as revenue, profits, capital, and goods, can be referred to as surpluses.
A surplus example is what?Having more of anything than you need or intend to utilise is known as having a surplus. For instance, if you prepare a meal and there is food left over after everyone has eaten, you have an excess of food.
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one of the major function of the international finance corporation is to provide loans and take equity position in private companies of developing countries and work towards developing __________ , which encompass a stock exchange where long-term financial instruments such as stocks and bonds can be bought and sold.
a. Bаnking Corporatiоns
b. Сарitаl Mаrket
c. Financial Institutions
d. NYSE Subsidiaries
b. Capital Market. one of the major function of the international finance corporation is to provide loans and take equity position in private companies of developing countries and work towards developing Capital Market
The International Finance Corporation (IFC) works to build capital markets, which include a stock exchange where long-term financial products like stocks and bonds may be purchased and sold. These markets include loans and equity holdings in private enterprises of developing nations. So, (b) Capital Market is the best choice. A division of the World Bank, the IFC's main objective is to encourage private sector investment in developing nations. One of the main goals of IFC's investment programmes is the development of the capital markets since it enables private businesses have access to long-term finance.
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the best use of a gantt chart is to: group of answer choices show expected start and end times for project activities and to track actual progress against these time targets. shorten the overall duration of a project. show precedence requirements for a project's constituent activities. determine the earliest start and finish times for each project activity.
Answer: Mark me brainliest please look in explanation for answer
Explanation:
The best use of a Gantt chart is to show expected start and end times for project activities and to track actual progress against these time targets.
a property owner is interested in providing financing on a residential property for a buyer. a contract is written where the property owner will retain title to the property until the buyer has paid the owner in full. once paid, the owner will deliver title to the buyers. this type of sales contract is called a
A land contract or a contract for deed are frequent names for the kind of sales deal depicted in the scenario.
In a land contract, the owner of the property assumes the role of the lender and offers finance to the buyer, who consents to make consistent payments to the owner over a predetermined period of time. Until the buyer completes all of the contractually required payments, the owner retains title to the property; after that, the buyer receives ownership. Buyers who might not be eligible for conventional financing or who prefer a more flexible payment plan can find this form of arrangement useful. However, it also has hazards for both parties, including the potential for buyer default or nonpayment as well as the danger of property damage or depreciation throughout the payment period.
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d099 pre assessment a retailer is advertising its new product line and has designed a campaign that includes social media advertising, print promotional pieces, online promotions, and a special product launch event. which concept is the retailer using to promote its new product line?
The retailer is using an integrated marketing communications (IMC)
The retailer is using an integrated marketing communications (IMC) strategy to promote its new product line. IMC is a concept that involves coordinating and integrating various marketing communication tools and tactics, such as advertising, sales promotion, public relations, and personal selling, to deliver a consistent and clear message to the target audience. By using multiple channels such as social media, print promotions, online promotions, and a special product launch event, the retailer is implementing an IMC strategy to ensure that its message reaches its intended audience through multiple touchpoints.
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to provide low-cost housing to the unemployed, a city has a policy of leasing empty city-owned buildings to social agencies that promise to convert or rehabilitate the buildings into habitable, low-cost apartments and to
Low cost housing reduces construction costs through the use of locally available materials without compromising structural strength, performance and longevity. Plaintiffs are likely to win. The First Amendment prohibits laws that establish religion.
Government action that does not involve sectarian preferences should be subject to the founding clause if it has a secular purpose and its primary effect neither promotes nor impedes religion and does not require undue government involvement in religion.
Since there is considerable interdependence between the church and the city, the actions of the church are considered here as actions of the state. It seems to me that there is no worldly purpose in asking renters to declare their faith in God. Moreover, its main effect is probably to promote religion. Therefore, the act of the church is held to violate the founding article.
The U.S. Department of Housing and Urban Development (HUD) recognized this opportunity after Hurricane Sandy and required federally funded reconstruction to meet green and healthy housing standards (details below). increase). However, the housing sector also faces many disaster-related challenges. After disasters, threats to the health of Amendment need to be mitigated, and displaced persons and homeless people need immediate access to temporary shelters that provide safe haven and shelter while their homes are rebuilt.
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The complete question is:
To provide low-cost housing to the unemployed, a city has a policy of leasing empty city-owned buildings to social agencies that promise to convert or rehabilitate the buildings into habitable, low-cost apartments and to pay the city 10% of any net profit made from rentals. A church entered into the agreement and converted one of the city's abandoned office buildings into 50 small low-cost apartments. The lease agreement used by the church provides, among other things, that the lessee must affirm a belief in God. The lease agreement was submitted to the city for approval prior to its use by the church made the apartments available for rent, the plaintiff, an avowed atheist, applied to lease a unit. The plaintiff's application was denied for the sole reason that the plaintiff refused to affirm a belief in God. If the plaintiff brings suit against the church on the ground that the required affirmation of a belief in God violates the plaintiff's constitutional rights, who will likely prevail?
possessing the ability to read but being unwilling to do so characterizes
The term that characterizes possessing the ability to read but being unwilling to do so is "reading aversion".
What is meant by Reading Aversion?
Reading aversion or book aversion is a condition where a person has the ability to read but avoids reading due to various reasons. This can be caused by a lack of interest in reading or a negative experience with reading. It can also be caused by other factors such as difficulty in focusing or visual issues that make reading uncomfortable.
People with reading aversion may avoid reading for pleasure or even necessary reading, such as work-related materials or school assignments. This can lead to challenges in academic or professional settings and limit their personal growth.
However, it's important to note that reading aversion is not a disorder or a sign of low intelligence. People who struggle with reading or choose not to read may have other talents and strengths that are just as valuable. It's also possible to overcome reading aversion with the help of a reading specialist, therapist, or other professionals.
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What are the subcomponents of inconvenience in a customer utility function? A. Location & Price B. Price & Volume C. Location & Time D. Time & Performance.
Location & Time are subcomponents of inconvenience in customer utility function.
What is customer utility?Customer utility is the perceived value or benefit that a customer derives from a product or service. It is the level of satisfaction or usefulness that a customer feels they receive from consuming or using a particular product or service. Customer utility can be influenced by a variety of factors such as quality, price, convenience, design, and customer service. By understanding customer utility, businesses can tailor their products and services to meet customer needs and preferences, and ultimately increase customer loyalty and retention. It is important to note that customer utility is subjective and varies from customer to customer, so it is essential to gather feedback and insights to better understand and improve customer satisfaction.
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for companies that are too small to hire separate employees to do all the different functions needed for internal controls, the key to good internal controls is .
For companies that are too small to hire separate employees to do all the different functions needed for internal controls, the key to good internal controls is segregation of duties.
Segregation of duties involves separating job functions among different individuals to reduce the risk of errors or fraud. For example, a small company may have one employee handle all of the bookkeeping, but they can still implement segregation of duties by having a different employee handle cash transactions and another employee handle accounts payable and receivable. By separating job functions in this way, a company can ensure that no single person has complete control over a transaction, reducing the risk of errors or fraud going undetected.
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For companies that are too small to hire separate employees to do all the different functions needed for internal controls, the key to good internal controls is___________?
what percentage of hardwood exports come from developing (periphery) countries and what percentage comes from developed (core) countries
Out of the total export of wood around 40% comes from developed countries and 15% comes from developing countries
Exports are crucial to the marketing of democracies because they provide individuals and companies with access to a larger market for their goods. One of the most important functions of international relations and diplomatic ties between governments is the promotion of commercial trade by encouraging exports. Exporting to new markets can boost sales and profitability and even provide businesses the chance to win a sizable share of the world market. Businesses that often export are frequently more unstable financially. Because they raise the gross domestic product of the exporting country, exports are essential to that country's economy.
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troy engines, ltd., manufactures a variety of engines for use in heavy equipment. the company has always produced all of the necessary parts for its engines, including all of the carburetors. an outside supplier has offered to sell one type of carburetor to troy engines, ltd., for a cost of $39 per unit. to evaluate this offer, troy engines, ltd., has gathered the following information relating to its own cost of producing the carburetor internally: per unit 21,000 units per year direct materials $ 18 $ 378,000 direct labor 11 231,000 variable manufacturing overhead 3 63,000 fixed manufacturing overhead, traceable 3 * 63,000 fixed manufacturing overhead, allocated 6 126,000 total cost $ 41 $ 861,000 *one-third supervisory salaries; two-thirds depreciation of special equipment (no resale value). required: 1. assuming the company has no alternative use for the facilities that are now being used to produce the carburetors, what would be the financial advantage (disadvantage) of buying 21,000 carburetors from the outside supplier?
Based on this analysis, it appears that there is a financial advantage of $42,000 to buying 21,000 carburetors from the outside supplier.
To determine the financial advantage or disadvantage of buying 21,000 carburetors from the outside supplier, we need to compare the cost of producing the carburetors internally with the cost of buying them from the outside supplier.
Cost of producing 21,000 carburetors internally:
Direct materials = $18 x 21,000 = $378,000
Direct labor = $11 x 21,000 = $231,000
Variable manufacturing overhead = $3 x 21,000 = $63,000
Fixed manufacturing overhead (traceable) = $3 x 21,000 = $63,000
Fixed manufacturing overhead (allocated) = $6 x 21,000 = $126,000
Total cost of producing 21,000 carburetors internally = $861,000
Cost of buying 21,000 carburetors from the outside supplier = $39 x 21,000 = $819,000
The financial advantage (disadvantage) of buying 21,000 carburetors from the outside supplier is calculated as follows:
Financial advantage (disadvantage) = Cost of producing 21,000 carburetors internally - Cost of buying 21,000 carburetors from the outside supplier
= $861,000 - $819,000
= $42,000
However, this analysis assumes that there is no alternative use for the facilities that are currently being used to produce the carburetors. If there is an alternative use for these facilities that generates a higher return, then the financial advantage of buying from the outside supplier may be reduced or eliminated.
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fly high drones, a corporation owned and managed by volunteers, delivers medical supplies to remote populations in africa. its focus is not on earning a surplus but on serving the community. fly high drones is an example of a
Fly High Drones, a corporation owned and managed by volunteers, delivers medical supplies to remote populations in Africa. Its focus is not on earning a surplus but on serving the community. Fly High Drones is an example of a nonprofit corporation. Option 1 is correct.
A nonprofit corporation is any legal body formed under the laws of its jurisdiction for objectives other than profit for its owners or shareholders. Depending on the regulations of the jurisdiction, a nonprofit company may seek formal registration as such, as well as be taxed and handled differently than for-profit businesses.
A public-benefit nonprofit organization is a form of nonprofit corporation established by a state government and founded by like-minded persons primarily or entirely for social, educational, recreational, or philanthropic reasons. In the law, public-benefit nonprofit organizations differ from mutual-benefit nonprofit corporations in that they are established for the general public benefit rather than the advantage of their members. They are also legally separate from religious corporations.
The complete question is:
Fly High Drones, a corporation owned and managed by volunteers, delivers medical supplies to remote populations in Africa. Its focus is not on earning a surplus but on serving the community. Fly High Drones is an example of a:
1. nonprofit corporation2. domestic corporation3. quasi-public corporation4. limited partnership5. private corporationTo learn more about nonprofit corporation, here
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