under the cost-plus pricing method, the formula to determine selling price per unit is:

Answers

Answer 1

In summary, the cost-plus pricing method is a simple and straightforward approach to pricing that takes into account the cost of production and desired profit margin. However, it may not be the most effective pricing strategy in highly competitive markets, where pricing is primarily driven by market demand and supply.

Under the cost-plus pricing method, the formula to determine selling price per unit is:
Selling Price = Cost per Unit + Markup
The cost per unit includes all direct costs, such as materials, labor, and overhead costs. It may also include indirect costs, such as administrative expenses, depending on the pricing strategy of the company. The markup is the percentage added to the cost per unit to arrive at the selling price.
The markup is determined by various factors, such as the level of competition, demand for the product, and the company's profit margin goals. Typically, the markup ranges from 10% to 50% of the cost per unit, depending on the industry and market conditions.

For example, suppose a company produces a product that costs $50 per unit to manufacture, including all direct and indirect costs. If the company wants to achieve a profit margin of 30%, it would apply a markup of 30% to the cost per unit, as follows:
Markup = 30% x $50 = $15
Therefore, the selling price per unit would be:
Selling Price = $50 + $15 = $65

To know more about cost-plus visit:-
https://brainly.com/question/14332852

#SPJ11


Related Questions

Whereas managers focus on plans, results, and goals, what do leaders focus on? a. productivity b. profitability c. people d. sales e. organization.

Answers

Managers and leaders are two different roles in an organization that require different skill sets and focus areas. While managers focus on plans, results, and goals, leaders focus on people, vision, and innovation.

Leaders are concerned with inspiring and motivating their team members towards a common goal. They have a clear vision of where they want the organization to go and work towards achieving it by inspiring their team members to achieve their best.

Leaders focus on people by building relationships, creating a positive work environment, and developing their team members. They strive to understand the strengths and weaknesses of their team members and tailor their leadership style to maximize the potential of each individual.

To know more about organization  visit:-

https://brainly.com/question/30955895

#SPJ11

grace and nancy are starting a new business. they are concerned about liability. they would like to have flow-through taxation. they will own the company 50/50 but want to allocate the profits 60/40. which of the following entities would best suit their needs? a. an llc. b. an s corporation. c. a c corporation. d. a partnership.

Answers

Grace and Nancy's concern about liability and preference for flow-through taxation with unequal profit allocation suggests that forming a Limited Liability Company (LLC) would best suit their needs.

LLCs offer liability protection similar to corporations but have flow-through taxation, where profits and losses are reported on the owners' personal tax returns.

Additionally, LLCs allow for flexible allocation of profits among members, which would accommodate their desired 60/40 split. S corporations are also flow-through entities, but they have restrictions on the number and type of shareholders and profit allocation.

C corporations have separate taxation and do not have flow-through taxation. Partnerships also have flow-through taxation but do not offer the same level of liability protection as LLCs.

Thus, an LLC would be the most suitable entity for Grace and Nancy's needs.

To know more about new business. please visit....

brainly.com/question/20160979

#SPJ11

price indexes like the cpi are calculated using a base year. the term base year refers to

Answers

In the context of price indexes like the CPI (Consumer Price Index), a base year refers to a specific year against which the changes in the price levels of goods and services are compared over time.

For instance, if the base year is 2020, the CPI in subsequent years would be calculated relative to the price levels of goods and services in 2020. The CPI for 2021, for example, would be calculated based on the changes in prices of goods and services between 2020 and 2021.Using a base year allows economists to compare the prices of goods and services over time in a standardized way, providing a consistent measure of inflation or deflation. The CPI is one of the most widely used price indexes, and it is calculated by comparing the prices of a basket of goods and services purchased by consumers in the current period to the prices of the same basket of goods and services in the base year.

Learn more about goods here

https://brainly.com/question/25262030

#SPJ11

natalie inherited land from her uncle josh, who died january 3, year 4. the basis to josh was $1,000,000 and the value on january 3, year 4, was $7,200,000. on july 3, year 4, the value was $7,600,000. when the land was distributed to natalie on june 3, year 4, the value was $7,400,000. this land was josh's entire estate. natalie's basis for the land is:

Answers

Natalie's basis for the inherited land from her uncle Josh would be the fair market value (FMV) of the land on the date of Josh's death, which was January 3, year 4, which is $7,200,000. This is because the basis of inherited property is generally the FMV at the date of the decedent's death.

However, if Natalie sells the land for more than the FMV at the time of Josh's death, she would have to pay capital gains tax on the difference between the FMV at the time of Josh's death and the selling price. If she sells it for less than the FMV at the time of Josh's death, she would have a capital loss.

It's important to note that the FMV increased to $7,400,000 by the time Natalie received the land, but this does not affect her basis for the property.

To Learn more about FMV Click this!

brainly.com/question/31361438

#SPJ11

the peak in a normal curve appears directly above _______.

Answers

The peak in a normal curve appears directly above the mean value. In a normal distribution, the mean, median, and mode are all the same value, and the curve is symmetrical around this central point.

The peak represents the point where the greatest number of data points are clustered, and the curve gradually tapers off on either side. The standard deviation, a measure of the spread of the data, determines the width of the curve.A normal curve, also known as a normal distribution or Gaussian distribution, is a type of probability distribution that is often used in statistics to model a wide range of natural phenomena, including human traits such as intelligence, height, and weight, as well as many other types of measurements.

The normal curve is a bell-shaped curve that is symmetrical around the mean value, which is the central value of the distribution. The mean, median, and mode of a normal distribution are all the same value, which is located at the peak of the curve. The standard deviation of the distribution determines the width of the curve and describes how spread out the data is around the mean.

Learn more about symmetrical here:https://brainly.com/question/14466363

#SPJ11

Super Copy Co. is an office supply store. The company uses a perpetual inventory system, records purchases at net cost, and records sales revenue at full invoice price.
Record the following transactions in the company's general journal. To conserve space, omit the written explanations which normally should accompany the entries.
July 1 Purchased four Doni copying machines on account from Doni Corp. Total invoice price was $3,000 per machine ($12,000 total); terms of 3/10, n/30. These machines are intended for resale.
3 Found one of the Doni copiers to be defective and returned it to Doni, thus reducing the amount owed.
9 Sold one of the Doni copiers to Cross Realty. The sales price was $6,000, terms 5/10, n/60.
10 Paid the remaining amount owed to Doni Corp., less the allowable discount.
19 Received full payment from Cross, less the allowable discount.

Answers

A journal entry is a brief written record or narrative of personal thoughts, experiences, or reflections, often used for self-reflection or documentation purposes. It serves as a tool for capturing and processing emotions, ideas, and events in a concise and personal manner.

In accounting, a perpetual inventory system tracks inventory levels and updates them in real-time, providing up-to-date information on the stock of a business.

Super Copy Co. is an office supply store that uses a perpetual inventory system, records purchases at net cost, and records sales revenue at full invoice price. In this scenario, we will record several transactions in the general journal of the company, including purchasing inventory on account, returning defective merchandise, and selling inventory to customers.

On July 1, Super Copy Co. purchased four Doni copying machines from Doni Corp. on account for a total invoice price of $12,000 ($3,000 per machine) with terms of 3/10, n/30. This means that Super Copy Co. has 30 days to pay the full amount, but if they pay within 10 days, they can take a 3% discount off the purchase price.

To record this transaction in the general journal, we will use the following entry:

Date  Account  Debit  Credit

July 1 Inventory $12,000

Accounts Payable $12,000

On July 3, Super Copy Co. discovered that one of the Doni copiers was defective and returned it to Doni Corp., which reduced the amount owed.

We will record this transaction with the following entry:

Date  Account  Debit  Credit

July 3 Accounts Payable $3,000

Inventory $3,000

On July 9, Super Copy Co. sold one of the Doni copiers to Cross Realty for $6,000, with terms of 5/10, n/60. This means that Cross Realty has 60 days to pay the full amount, but if they pay within 10 days, they can take a 5% discount off the purchase price.

We will record this transaction with the following entry:

Date  Account  Debit  Credit

July 9 Accounts Receivable $6,000

Sales Revenue $6,000

Cost of Goods Sold $3,000

Inventory $3,000

On July 10, Super Copy Co. paid the remaining amount owed to Doni Corp., less the allowable discount.

To record this transaction, we will use the following entry:

Date   Account   Debit   Credit

July 10 Accounts Payable $11,640

Inventory $360

Cash $11,280

Finally, on July 19, Super Copy Co. received full payment from Cross Realty, less the allowable discount.

We will record this transaction with the following entry:

Date  Account  Debit  Credit

July 19 Cash $5,700

Sales Discount $300

Accounts Receivable $6,000

To know more about Journal Entries here

https://brainly.com/question/30499005

#SPJ4

for which of the following products is a personal selling marketing strategy best suited?a.packaged foodsb.consumable office supplies (paper, pens, etc.)c.automobilesd.hotel accomodationse.soda

Answers

Out of the given options, the product for which a personal selling marketing strategy is best suited would be automobiles. This is because the purchase of a car is a big investment and requires a lot of consideration. Potential customers would have a lot of questions and doubts that can be addressed through personal selling.

A salesperson can provide information about the features and benefits of the car, help customers choose the right model based on their needs, and even offer test drives to give them a firsthand experience of the product.

While personal selling can also be effective for consumable office supplies and hotel accommodations, it may not be as necessary for packaged foods and soda. These products are usually purchased on impulse or based on brand recognition, and customers may not require the assistance of a salesperson to make their decision. Overall, personal selling can be a powerful marketing tool for products that require a more personalized approach to selling and a higher level of customer engagement.

To Learn more about personal selling marketing. Click this!

brainly.com/question/15083788

#SPJ11

change in the expected price level is likely to cause which of the following? a. a shift in the short-run aggregate supply curve and long-run aggregate supply curve b. a shift in the long-run aggregate supply curve c. a shift in the short run aggregate supply curve d. a shift in the aggregate demand curve

Answers

A shift in the short-run aggregate supply curve and the long-run aggregate supply curve. Option A.

The expected price level refers to the level of prices that consumers and producers expect to see in the future. If the expected price level changes, it can cause changes in both the short-run and long-run aggregate supply curves.

In the short run, a change in the expected price level can cause a shift in the short-run aggregate supply (SAS) curve. When producers expect prices to rise, they may increase production in the short run to take advantage of the higher prices. This can lead to an increase in output and a shift in the SAS curve to the right.

In the long run, changes in the expected price level can also impact the long-run aggregate supply (LAS) curve. The LAS curve represents the potential output of an economy given its inputs and technology, and it is not affected by changes in the price level in the long run.

However, changes in the expected price level can impact the LAS curve indirectly by affecting the economy's inputs and technology. For example, if producers expect prices to rise, they may invest in new technology or hire more workers, which can increase the economy's potential output and shift the LAS curve to the right.

Therefore, a change in the expected price level is likely to cause a shift in both the short-run aggregate supply curve and the long-run aggregate supply curve. It will not cause a shift in the aggregate demand curve, as changes in the expected price level do not directly impact the demand for goods and services in the economy. Option A

For more such questions on  supply curve visit:

https://brainly.com/question/30618311

#SPJ11

The most liquid of the money market securities are A. commercial paper.
B. banker's acceptances.
C. T-Bills.
D. Fed funds.
E. repurchase agreements

Answers

Among the money market securities listed, Treasury bills (T-Bills) are generally considered to be the most liquid.

T-Bills are short-term debt instruments issued by the U.S. government and are backed by the full faith and credit of the U.S. government. They are highly marketable and traded actively in the secondary market, with high trading volumes and low bid-ask spreads.

Commercial paper, banker's acceptances, Fed funds, and repurchase agreements are also considered money market securities, but they are generally less liquid than T-Bills. Commercial paper is a type of unsecured debt issued by corporations and has varying degrees of liquidity depending on the issuer's creditworthiness. Banker's acceptances are short-term credit instruments used to finance trade and commerce, but they have a more limited secondary market. Fed funds are loans made between banks overnight to manage their reserve requirements, while repurchase agreements involve the sale and subsequent repurchase of securities and are typically negotiated on a case-by-case basis.

Overall, T-Bills are considered the most liquid money market security due to their widespread use, high trading volumes, and low bid-ask spreads.

Learn more about funds  here:

https://brainly.com/question/31749403

#SPJ11

if a need is already satisfied, an individual cannot usually be motivated by that need. True or false

Answers

It is true that if a need is already satisfied, an individual cannot usually be motivated by that need.

Maslow's hierarchy of needs theory suggests that once a need is fulfilled, an individual will not be motivated by that need anymore. However, it is important to note that the hierarchy is not fixed and can vary from person to person. Additionally, other motivational factors such as self-esteem and self-actualization can also play a role in an individual's motivation.

The statement is true because according to Maslow's Hierarchy of Needs, once a need is satisfied, it no longer serves as a source of motivation. An individual is then motivated by the next higher-level need.

To know more about motivated visit:-

https://brainly.com/question/972761

#SPJ11

Find the interest rates earned on each of the following. Round each answer to two decimal places. You borrow $650 and promise to pay back $767 at the end of 1 year. % You lend $650 and the borrower promises to pay you $767 at the end of 1 year. % You borrow $96,000 and promise to pay back $255,211 at the end of 8 years. % You borrow $8,000 and promise to make payments of $2,219.30 at the end of each year for 5 years. %

Answers

The interest rate is 18% for the first and second scenarios, 22.60% for the third scenario, and 7.75% for the fourth scenario.

For the first scenario, the interest earned is $767 - $650 = $117. To find the interest rate, we can use the formula:

Interest Rate = (Interest / Principal) x 100%

So, the interest rate for this scenario is:

Interest Rate = ($117 / $650) x 100% = 18%

For the second scenario, the interest earned is also $767 - $650 = $117. Using the same formula, the interest rate for this scenario is:

Interest Rate = ($117 / $650) x 100% = 18%

For the third scenario, the interest earned is $255,211 - $96,000 = $159,211. To find the interest rate, we can use the formula:

Interest Rate = (Interest / Principal) x (1 / Time) x 100%

Where Time is the number of years. So, the interest rate for this scenario is:

Interest Rate = ($159,211 / $96,000) x (1 / 8) x 100% = 22.60%

For the fourth scenario, we need to calculate the total amount paid over 5 years, which is $2,219.30 x 5 = $11,096.50. The interest earned is the difference between the total amount paid and the amount borrowed, which is $11,096.50 - $8,000 = $3,096.50. To find the interest rate, we can use the same formula as before:

Interest Rate = (Interest / Principal) x (1 / Time) x 100%

Where Time is the number of years. So, the interest rate for this scenario is:

Interest Rate = ($3,096.50 / $8,000) x (1 / 5) x 100% = 7.75%

The first and second scenarios have an interest rate of 18%, while the third scenario has an interest rate of 22.60% and the fourth scenario has an interest rate of 7.75%.

Learn more about interest  : https://brainly.com/question/25720319

#SPJ11

morgan is buying a house for $314,000. she is financing $275,500 and obtained a 25-year, fixed-rate mortgage with a 5.875% interest rate. how much are her monthly payments? (3 points)

Answers

Morgan's monthly payment on her mortgage is $1,841.78. This payment will remain fixed for the entire 25-year term of her mortgage.

To calculate Morgan's monthly payments on her mortgage, we need to use a mortgage calculator or a formula. The formula is:

Monthly payment = [tex]P [ i(1 + i)^n ] / [ (1 + i)^{n - 1}][/tex]

Where P is the principal amount (amount borrowed), i is the interest rate per month, and n is the number of months in the loan term.

Using Morgan's numbers, we can plug them into the formula:

P = $275,500
i = 5.875% / 12 = 0.004896 (monthly interest rate)
n = 25 years * 12 months/year = 300 months

Monthly payment =[tex]$275,500 [ 0.004896(1 + 0.004896)^{300} ] / [ (1 + 0.004896)^{300} - 1][/tex]
Monthly payment = $1,841.78

It's important to note that this calculation only includes the principal and interest on the loan. It does not include any additional costs such as property taxes, homeowner's insurance, or private mortgage insurance (PMI) if applicable.

For more question on payment visit:

https://brainly.com/question/26049409

#SPJ11

which of the following is true of the role of distribution channels in a firm’s marketing strategy?

Answers

Distribution channels are a critical element of a firm's marketing strategy as they help to ensure the right products reach the right customers at the right time.

The role of distribution channels in a firm's marketing strategy is crucial as it involves delivering products and services to customers at the right time and place. A well-designed distribution channel ensures that products are available to customers when and where they need them. This helps to increase customer satisfaction, which in turn leads to increased sales and revenue for the firm. Effective distribution channels also help to reduce costs, increase efficiency, and improve inventory management. Moreover, distribution channels play a vital role in marketing, as they enable firms to reach their target audience and create awareness about their products. By leveraging different distribution channels such as wholesalers, retailers, and online marketplaces, firms can expand their customer base and reach new markets. In summary, distribution channels are a critical element of a firm's marketing strategy as they help to ensure the right products reach the right customers at the right time.

To know more about firm's marketing visit:

https://brainly.com/question/31235187

#SPJ11

the choice of words, not word structures, can help give your message a distinctive style.

Answers

This statement is generally true. While word structures such as sentence length and complexity can contribute to a writer's style, the choice of words can also play a significant role in creating a distinctive voice or tone.

The words that a writer chooses can affect the emotional impact of their message, the level of formality or informality, and the clarity and precision of their expression. For example, using concrete, sensory language can make writing more vivid and engaging, while choosing technical or jargon-heavy language can create a more professional or specialized tone. Ultimately, a writer's style is the result of many factors, including their choice of words, sentence structures, rhythm and pacing, use of imagery and figurative language, and overall approach to communication. A skilled writer is able to use these elements in a way that creates a distinctive and effective style that is appropriate for their purpose and audience.

Learn more about writer's style here:

https://brainly.com/question/29750211

#SPJ11

john maynard keynes disputed the classical theory in support of his general theory, stating select one: a. the economy may not recover, by itself, after recession. b. prices and wages are flexible, adjusting to remove shortages and surpluses. c. monetary policy may be ineffective in restoring the economy. d. both a and c are correct.

Answers

John Maynard Keynes disputed the classical theory in support of his general theory, stating that both the economy may not recover by itself after a recession and monetary policy may be ineffective in restoring the economy.

He argued that prices and wages are not always flexible and may not adjust quickly enough to remove shortages and surpluses, leading to a prolonged economic downturn.

Keynes believed that government intervention through fiscal policy, such as increasing government spending and cutting taxes, could stimulate economic growth and employment.

Therefore, option D, both a and c are correct, accurately represents Keynes' views on the limitations of the classical theory and the need for government intervention to revive a struggling economy.

To know more about John Maynard Keynes. please visit.....

brainly.com/question/31020714

#SPJ11

Income tax refunds are automatically sent to those who qualify for refunds no later than April 15. true or False.

Answers

False. Income tax refunds are not automatically sent to those who qualify for refunds no later than April 15.

The deadline for filing income tax returns in the United States is generally April 15, but the actual date of receiving your tax refund may vary. After submitting your tax return, the Internal Revenue Service (IRS) reviews and processes it, which can take some time. If you are eligible for a refund, the IRS will issue it once the review is complete.

The time it takes to receive your refund depends on various factors, including the method of filing (e-file vs. paper) and how you choose to receive your refund (direct deposit vs. paper check). E-filing and choosing direct deposit generally result in faster processing and receiving of refunds. Additionally, the IRS provides an online tool called "Where's My Refund?" which allows you to track the status of your refund after submitting your tax return. It is important to remember that each individual's situation may be different, and the processing time for refunds can vary.

To learn more about Income tax refunds visit;

https://brainly.com/question/3081127

#SPJ11

a debt ratio is aimed at determining if you have adequate liquidity to meet emergencies.

Answers

False. a debt ratio is aimed at determining if you have adequate liquidity to meet emergencies.

A debt ratio is a financial ratio that is aimed at determining the proportion of a company's debt to its assets. It measures the extent to which a company is financed by debt, rather than equity. A high debt ratio indicates that a company has a large amount of debt relative to its assets, which can be a sign of financial risk. The debt ratio is not directly related to liquidity, which refers to a company's ability to meet its short-term obligations. However, a high debt ratio can impact a company's liquidity if it has to use a significant portion of its cash flow to service its debt.

Know more about debt ratio here:

https://brainly.com/question/14553933

#SPJ11

a(n) ________ gives purchasers inflation protection.
a. junk bond
b. floating rate bond
c. income bond
d. zero-coupon bond

Answers

b. floating rate bond. A floating rate bond provides purchasers with inflation protection because the interest rate on the bond is adjusted periodically based on changes in a benchmark interest rate such as the LIBOR.

This means that as inflation rises, the interest rate on the bond will also increase, providing investors with a higher return that can help offset the impact of inflation on their investment. A floating rate bond is a type of bond that has a variable interest rate, which is adjusted periodically to reflect changes in a benchmark interest rate, such as the LIBOR. The interest rate on a floating rate bond "floats" with changes in the benchmark rate, so the bondholder receives interest payments that reflect the prevailing market rates.

Because the interest rate on a floating rate bond is not fixed, it provides purchasers with inflation protection. As inflation rises, the interest rate on a floating rate bond also rises, which helps to offset the effects of inflation on the purchasing power of the bond's payments.

Option a, junk bonds, are high-yield, high-risk bonds that typically offer higher returns to compensate for their increased risk. Option c, income bonds, are a type of bond that pays interest only if the issuer's income is sufficient to cover the interest payments.

Learn more about floating rate here:

https://brainly.com/question/14128610

#SPJ11

to prevent gold from flowing out of the u.s. during the early 1930s, the federal reserve conducted question 24 options: expansionary monetary policy, to make government bonds more attractive. expansionary monetary policy, to make government bonds less attractive. contractionary monetary policy, to make government bonds more attractive. none of the above

Answers

To prevent gold from flowing out of the U.S. during the early 1930s, the Federal Reserve conducted a contractionary monetary policy, to make government bonds more attractive.

This meant that they decreased the money supply and raised interest rates, making it more appealing for investors to hold onto their money in the form of government bonds instead of exchanging it for gold.

By making bonds more attractive, the Federal Reserve hoped to stabilize the value of the dollar and prevent further depletion of the gold reserves.

This policy was effective in the short term, but it also contributed to the severity of the Great Depression by limiting access to credit and reducing spending.

Ultimately, the government would abandon the gold standard altogether and adopt more flexible monetary policies to manage the economy.

To know more about monetary policies please visit...

brainly.com/question/3023033

#SPJ11

Which brand dimension is defined as how consumers feel a brand meets their​ needs? A.Knowledge B.Equity C.Differentiation D.Esteem E.Relevance.

Answers

The brand dimension that is defined as how consumers feel a brand meets their needs is relevance. Relevance refers to the extent to which a brand is perceived to be personally appropriate for a consumer's needs and wants.

It relates to how well a brand meets the expectations and desires of its target audience, and how well it resonates with their values, beliefs, and lifestyles. In essence, relevance is about being meaningful and significant to consumers, and about providing them with a sense of connection and belonging. To build relevance, brands need to focus on understanding their target customers' needs and preferences, and developing products, services, and marketing messages that align with them. They also need to stay relevant over time by adapting to changing market trends and consumer behaviors. This involves staying up-to-date with industry developments, investing in research and development, and engaging with customers on social media and other channels to gain insights and feedback. In sum, relevance is a crucial dimension of brand equity that can drive consumer loyalty, engagement, and advocacy. Brands that are seen as relevant to their target audience are more likely to succeed in today's competitive marketplace.

Learn more about Relevance here

https://brainly.com/question/29653771

#SPJ11

which styling product creates maximum control and support of the hair especially for wet setting?

Answers

When it comes to creating maximum control and support for wet setting hair, the best styling product to use is a gel. Gel is a thick and sticky substance that can hold hair in place, making it the perfect choice for wet setting styles that require a lot of control.

Gels come in a variety of formulas, including those that are designed specifically for wet setting. These formulas often have additional ingredients that help to moisturize and protect the hair while providing maximum hold. Some gels also contain heat protectants, which are important if you plan to use heat styling tools such as a blow dryer or curling iron. To use gel for wet setting, apply a small amount to damp hair and distribute it evenly using a comb or your fingers. Style your hair as desired and allow it to air dry or use a diffuser to speed up the drying process. Overall, if you're looking for maximum control and support for your wet setting hair, a gel is the way to go. With its thick and sticky consistency, it can hold even the most unruly hair in place while protecting it from damage and keeping it looking healthy and shiny.

Learn more about sticky substance here

https://brainly.com/question/28577975

#SPJ11

cutter enterprises purchased equipment for $66,000 on january 1, 2021. the equipment is expected to have a five-year life and a residual value of $4,800. using the straight-line method, depreciation for 2021 would be:

Answers

The straight-line method is a common accounting method used to calculate depreciation expenses over the useful life of an asset. In this case, Cutter Enterprises purchased equipment for $66,000 on January 1, 2021, and it is expected to have a five-year life with a residual value of $4,800.

To calculate depreciation using the straight-line method, we first need to determine the depreciable base. The depreciable base is the cost of the asset minus its residual value, which in this case is $66,000 - $4,800 = $61,200.

Next, we need to divide the depreciable base by the useful life of the asset. In this case, the useful life is five years, so we divide $61,200 by 5 to get an annual depreciation expense of $12,240.

Therefore, the depreciation for 2021 would be $12,240, as it is the first year of the asset's useful life. It is important to note that the straight-line method assumes that the asset will depreciate evenly over its useful life, which may not always be the case in reality.

To know more about  straight-line method  click this link-

https://brainly.com/question/30243743

#SPJ11

the overhead volume variance is group of answer choices actual overhead less overhead budgeted for actual hours. actual overhead less overhead budgeted for standard hours allowed. overhead budgeted for actual hours less applied overhead. the fixed overhead rate times the difference between normal capacity hours and standard hours allowed.

Answers

The overhead volume variance you would use the formula that represents the difference between the actual fixed overhead expenses incurred and the budgeted fixed overhead costs. The correct answer is a. actual overhead less overhead budgeted for actual hours.

To compute the fixed overhead budget variance this would include calculating the variance by deducting the budgeted fixed overhead expenses from the actual fixed overhead costs incurred. It is significant to remember

That there are various methods for calculating variance based on the situation and other variables.

The most pertinent figure, however, for the specific example of fixed overhead budget variation, is the difference between the actual fixed overhead costs incurred and the planned fixed overhead costs.It's also important to note that this variation can reveal important information about how effectively a company's fixed overhead costs are being used.

Complete question:

the overhead volume variance is group of answer choices

a. actual overhead less overhead budgeted for actual hours.

b. actual overhead less overhead budgeted for standard hours allowed.

c. overhead budgeted for actual hours less applied overhead.

d. the fixed overhead rate times the difference between normal capacity hours and standard hours allowed.

To know more about Fixed overhead visit:

https://brainly.com/question/31659573

#SPJ4

in calculating the unemployment rate, partminus−time workers over the age of 16 are counted as

Answers

In calculating the unemployment rate, part-time workers over the age of 16 are included in the labor force and are considered to be employed if they have worked at least one hour in the past week.

However, if a part-time worker is actively seeking full-time employment but is unable to find it, they are considered to be underemployed and are still counted as part of the labor force but are included in a separate category. It's important to note that the unemployment rate only reflects individuals who are actively seeking employment and are unable to find it.  

The unemployment rate is an important economic indicator that provides insight into the health of the labor market and can be used to inform government policies and decisions.

To know more about labor force, click here:

https://brainly.com/question/14826712

#SPJ11

the managerial value of regulatory consulting the data in the year to year performance highlights report has to do with the data provided being the quickest and best way to

Answers

The managerial value of regulatory year-to-year performance highlights report serves as the quickest and best way for managers to stay informed about their organization's performance and make strategic decisions that drive success.

Regulatory consulting firms provide expert guidance on a range of issues, including risk management, environmental sustainability, workplace safety, and data protection. By partnering with a regulatory consultant, organizations can stay up-to-date with changing regulations, minimize risk exposure, and maintain a strong reputation.

The data in the year-to-year performance highlights report is important because it provides an objective assessment of an organization's performance over time. This data can be used by managers to identify trends, track progress towards goals, and make informed decisions about resource allocation. By analyzing the data provided in the report, managers can quickly identify areas that require improvement and take corrective action as needed. In this way, the year-to-year performance highlights report serves as the quickest and best way for managers to stay informed about their organization's performance and make strategic decisions that drive success.

To know more about managerial click here:

https://brainly.com/question/31978707

#SPJ11

the avc of producing four brownies is $ _________ .Cost of producing browniesquantity of brownies | total cost0 2.501 2.602 2.683 2.754 2.805 2.856 2.967 4.208 6.80

Answers

The answer to your question is $0.70

To find the AVC (average variable cost) of producing four brownies, we need to calculate the variable cost per brownie. Variable cost is the cost that changes with the quantity produced, so we need to look at the "Cost of producing brownies" column.

To produce four brownies, we would need to look at the cost for quantity 4, which is $2.80. To calculate the AVC, we divide the variable cost by the quantity produced. So the AVC of producing four brownies is:

AVC = $2.80 / 4 = $0.70 per brownie

Find out more about AVC (average variable cost)
brainly.com/question/31659108

#SPJ11

which of the following statements represent(s) how expenses affect equity? (check all that apply.)

Answers

Expenses have a direct impact on equity, as they reduce the overall value of a company's assets.

When a company incurs expenses, it means that it has used resources to generate revenue or maintain operations. These expenses reduce the company's net income, which is the amount of money earned after all expenses have been deducted from revenue. As a result, equity is also reduced since it represents the residual value of assets after liabilities have been deducted.
There are several ways in which expenses can impact equity. For example, if a company has high operating expenses, it may struggle to generate sufficient profits to reinvest in the business. This could lead to a decline in equity over time, as the company's value decreases. Additionally, expenses such as interest payments on debt can also impact equity, as they increase the company's liabilities and reduce its overall net worth.
Overall, it is important for companies to carefully manage their expenses in order to maintain healthy levels of equity. By controlling costs and generating sufficient profits, businesses can ensure that they are maximizing their value and maintaining a strong financial position.

To know more about equity visit:

https://brainly.com/question/31458166

#SPJ11

a product-focused, single-piece flow, pull production system would be called a: a. lean production system b. mass production system c. batch production system d. flexible production system

Answers

A product-focused, single-piece flow, pull production system would be called a "lean production system."

The lean production system is a manufacturing approach that seeks to minimize waste and maximize efficiency by focusing on value-adding activities and continuously improving processes. Single-piece flow means that each item is produced one at a time, while pull production refers to the concept of producing items based on customer demand rather than pushing products through the production process based on a forecast. This system is often associated with the Toyota Production System and is widely used in manufacturing industries today.

To learn more about system click the link below:

brainly.com/question/29470747

#SPJ11

what is usually the major source of receipts in the receipts section of the cash budget?

Answers

The major source of receipts in the receipts section of the cash budget is typically the collection of accounts receivable.

This is because it represents the amount of money that a company expects to receive from customers who have already purchased goods or services on credit. Other sources of receipts may include cash sales, loans, or investments, but accounts receivable is typically the most significant contributor to the receipts section. An e cash budget is a digital or electronic version of a cash budget that helps companies to forecast and manage their cash flows more efficiently. The major source of receipts in the receipts section of the cash budget is typically the revenue generated from sales or services provided by the business. This includes cash sales and collections from credit sales, which are considered as the primary inflows of cash for the organization.

To know more about  accounts receivable visit:

https://brainly.com/question/17227269

#SPJ11

what term is used by ifrs that is equivalent to ""salvage value"" for gaap?

Answers

The term used by IFRS that is equivalent to "salvage value" for GAAP is "residual value." Both terms refer to the estimated value of an asset at the end of its useful life.

The term used by IFRS that is equivalent to "salvage value" for GAAP is "residual value." Both terms refer to the estimated value that an asset will have at the end of its useful life. The residual value is used in calculating depreciation expense for the asset, and it represents the amount that the company expects to receive when the asset is sold or disposed of at the end of its useful life. While the term "residual value" is used by IFRS, GAAP also recognizes this term but may refer to it as "salvage value" or "scrap value."

Learn more about salvage value here:

https://brainly.com/question/28940728

#SPJ11

Other Questions
Combine the following elements to form complete sentences using the subjunctive. Add words wherever necessary. the masses of the atwood's machine are m = 6.819 kg and m = 1.353 kg. the acceleration (m/s2) of the system is: a group of children is playing soccer at recess. the group is most likely comprised of please help and show work the entity whose sole purpose is sharing medical data among its member companies is called the an acute effect of a pollutant on human health may take years to develop or may be a recurrent or continuous reaction, usually after repeated exposure. true false in a transshipment problem, nodes are considered as either pure supply nodes or pure demand nodes. True/False Rewrite in simplest terms:(x+9y)-(9x-8y) One side effect of the tougher 2006 drug testing policies in Major League Baseball is that:A) as many as one-fourth of the players on some teams have been permanently banned from the league.B) steroid use has increased further, because the players now cannot use amphetamines.C) the use of chewing tobacco has increased.D) more players are diagnosed with ADHD so they can have therapeutic-use exemptions to take stimulant drugs. To develop a lean manufacturing system a firm might do which of the following?A. Eliminate anything that does not add value for the customerB. Standardize product configurationsC. Process design with product designD. Adopt a kaizen philosophyE. Implement top-down management controls negotiated transfer prices . multiple select question.are consistent with decentralizationpreserve the autonomy of the divisionsensure that the supplying division will receive a market priceensure that all common costs will be covereduse manager expertise in weighing the costs and benefits of the transfer Which of the following acronyms may be used in assessing the patient's level of consciousness? A. AVPU B. SAMPLE C. ABC D. C-A-B. .Which of the following is true of the role of the amygdala for the recognition of emotion?a. Amygdala damage impairs the ability to use tone of voice cues for emotion recognition.b. Amygdala damage impairs the ability to use facial expressions for emotion recognition.c. The amygdala receives input from the visual cortex via the thalamus.d. Conscious awareness is required for the facial expression of emotion.e. Activation of the amygdala improves mood and affect. ____ is the formal term for combining two or more columns to form a primary key. what does your textbook state is the major benefit of using correct outline form? What compound does a plant absorb during photosynthesis Bond Premium, Entries for Bonds Payable TransactionsRodgers Corporation produces and sells football equipment. On July 1, Year 1, Rodgers issued $65,000,000 of 10-year, 12% bonds at a market (effective) interest rate of 10%, receiving cash of $73,100,469. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. rock flour consists of silt-sized, rock and mineral particles produced by glacial abrasion. Which one of the following statements is a key feature of both TOM and Six Sigma? A) Quality is primarily the responsibility of the quality control department B) Quality is primarily the responsibility of all employees in the organization C) Quality is primarily the responsibility of the production department. D) Quality is primarily the responsibility of top management. E) Quality is primarily the responsibility of Statisticians. A group or person is honor-bound to do which of the following upon receiving a limerick at mess?a.Ignore it as any self-generated entertainmentb.Refute the remark prior to the close of the dinner hourc.Return the embarrassment in kind