A cost that is nearly variable, but increases in small steps rather than continuously is a step variable cost.
What does step variable cost mean?A step variable cost is one that, while typically fluctuating with activity level, tends to be incurred at certain discrete points and involves significant changes in amounts at those points. A really variable cost, on the other hand, will fluctuate over time and in direct proportion to the degree of activity.
This step effect can have an impact on the allocated cost per manufactured unit because a step variable cost can essentially stay the same even when activity levels alter. As more units are produced, the allotted amount per unit lowers until a new step variable cost is incurred due to the higher volume level, at which point the cost per unit increases as a result of the higher total variable cost.
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Which payment option would be best for the laptop and for the refrigerator? rent-to-own; installment installment; rent-to-own rent-to-own; rent-to-own save up and pay cash
The payment option which would be best for the laptop and for the refrigerator is rent-to-own. Thus, the first option is correct.
What is a payment option?The word "payment option" refers to the many methods an individual can utilise to pay for a product. Cash, cheques, debit cards, credit cards, mobile payments, electronic bank transfers, rent-to-own, and installment payments are the most common payment methods.
If we want to buy something reasonably expensive or simply cannot afford it right now due to a lack of funds, we have one choice that meets our needs: rent-to-own. This is a financing option that allows you to acquire the item and make payments over time until you own it. The merchandise is leased by the retailer or firm, and you agree to pay it monthly with the opportunity to purchase it.
Therefore, in this case, it is concluded that the rent-to-own payment option is the way to acquire, cars, furniture, houses, or consumer electronics.
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_________________ is the authoritative source of governmental auditing standards. In other words, governmental auditing standards are found in this source/document. The FASB Codification The GASB Codification (or GARS Online) The Yellow Book The FASAB Handbook
The answer is The Yellow Book.
This book outlines the requirements for audit reports, professional qualifications for auditors, and audit organization quality control.
This means that the auditors of federal, state, and local government programs have to use these standards to perform their audits and produce their reports.
The Yellow Book is used by auditors of government entities, including the entities that receive government awards, and other audit organizations performing Yellow Book audits.
Hence, The Yellow Book is the authoritative source of governmental auditing standards. In other words, governmental auditing standards are found in this source/document.
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The cost method that will yield an ending inventory value that is somewhere between possible high and low costs (prices) using traditional costing methods is the
The weighted average cost of capital is the cost approach that will produce an ending inventory value that is in between probable high and low costs (prices) using classic costing methods.
The weighted average cost of capital is the average cost of attracting investors, whether bonds or shareholders.
The computation weights the cost of capital depending on the amount of debt and equity used by the firm, providing a clear barrier rate for internal initiatives or future acquisitions.
The weighted average inventory cost is one of the approaches used in inventory valuation. It is computed by dividing the cost of products for sale by the number of units for sale. i.e The cost of the items for sale and the quantity of units for sale. Because it is based on averages, the ending inventory value is generally somewhere between high and low cost.
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On December 31, 2021, Coolwear Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $44,500 and $1,550, respectively. During 2022, Coolwear wrote off $575 in accounts receivable and determined that there should be an allowance for uncollectible accounts of $5,400 at December 31, 2022. Bad debt expense for 2022 would be
Bad debt expense for 2022 would be $4,425.
Bad debt expense is the expense incurred by a company when a debtor of the company is unable to fulfuill their obligation to the company.Bad debt expense for Coolwear Inc. would be calculated by = Allowance for Uncollectible Accounts - (Uncollectible Accounts Balance - Accounts Receivable Writeoff).
Bad debt expense = $5,400 - ($1,550 - $575).
= $4,425.
What are examples of bad debt expense?Big Store stops paying its debts and fails to reimburse Company XYZ for goods valued at $100,000. Company labels the $100,000 as a bad debt because it has little faith that Big Store will ever make good on its obligations.Is bad debt expense a liability or expense?As the amount that was anticipated to be paid by the debtor is not recoupable and has a negative impact on the books of accounts by reducing the accounts receivable, bad debts constitute an expense to the firm rather than a liability.Where is bad debt expense on balance sheet?The provision for doubtful debts is shown in the balance sheet immediately below the line item for accounts receivable and is a counter account to accounts receivable, therefore it should always have a credit balance.Learn more about bad debt expense here:
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A major real estate company trains its agents to show houses located in neighborhoods dominated by the racial appearance of their clients. The company is guilty of
The company is guilty of institutional discrimination.
What is institutional discrimination?Institutional discrimination is the systematic denial of opportunities and resources to members of inferior groups as a result of discriminatory behaviors and policies that exist inside institutions.
The laws, corporate policies, or institutional traditions of a particular institution uphold this sort of prejudice. Indirect and direct kinds of institutional discrimination exist.
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Because using cranes or derricks to hoist personnel poses a serious risk to the employees being lifted, any cranes and derricks that hoist personnel must:
Use of platforms for suspended persons. Except during proof testing, the entire load (with the platform loaded, including the hook, load line, and rigging) cannot be greater than 50% of the equipment's rated capacity for the radius and configuration.
What is the OSHA regulation governing cranes in construction?The definition of "power-operated equipment, when used in construction, that can hoist, lower, and horizontally move a suspended weight" is the only one that applies to the cranes standard at 29 CFR 1926.1400(a). A crane mounted on a monorail is particularly mentioned by OSHA as falling under the purview of the new standard.Learn more about cranes or derricks brainly.com/question/12457602
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Which of the following would be considered a third party provider? A Raw materials supplier An intermediate component manufacturer A firm that leases storage warehousing An end product manufacturer
A firm that leases storage ware housing is the third party provider
A third party is a corporation or an entity with whom you have a contractual agreement to supply a product or service on behalf of your organization to a client or on whom you rely for daily operations.
A "third-party source" is a supplier (or service provider) in a commercial transaction who is not directly controlled by either the seller (first party) or the customer/buyer (second party).
Web-hosting platforms, the marketing firms, software services (including analytics software), contractors, and consultants are examples of common third-party service providers.
Therefore, the answer is A firm that leases storage ware housing.
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The effects that a change in market conditions, usually price, has on the welfare or economic well-being of market participants are
The effects that a change in market conditions, usually price, has on the welfare or economic well-being of market participants are welfare effects.
The name given to a producer welfare index employed in a partial equilibrium analysis. This is the impact of a price decrease on consumer surplus, whether it increases, decreases, or stays the same. This is how a price rise on a producer surplus will change—either increase, decrease, or remain the same.
Additionally, unemployment benefits provide recipients the freedom to look for jobs that fit their skill sets rather than snatching up the first opening. In other words, government support leads to an increase in overall economic production.
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What happens to the total surplus in a market when the government imposes a tax?.
Total surplus decreases in a market when the government imposes a tax.
What is tax?Tax is a compulsory levy, impose on an individual or institutions by the government of a country.
When the government levies tax on the goods produced, producers will pass some of these costs on as an increased price. This means that consumers will ultimately decrease quantity demanded and reduce producer surplus.
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How is Infrastructure related to the business and his Impact and Importance on it?
Infrastructure is the most crucial factor of a business organization, and much of a business' growth depends upon better infrastructure.
What is infrastructure?Infrastructure for a business can be understood as a set of facilities and services that are a requirement for the smooth functioning of a business organization.
If the infrastructure is poor, then there is a definite cap on the upper side of a business' growth. Similarly, a better infrastructure increases the opportunities for increase in the productivity of a business.
Hence, the significance of infrastructure is aforementioned.
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The key account management structure uses Blank______ to focus on important customers in order to build mutually beneficial, long-term cooperative relationships.
The key account management structure uses team selling to focus on important customers in order to build mutually beneficial, long-term cooperative relationships.
What is Team selling?Account-based selling frequently employs the sales technique of team selling to increase contract closure rates. Simply described, team selling is a collaborative sales method in which two or more team members work together to win business rather than working those accounts alone.
What is a good illustration of team selling?Adding an additional salesperson or departmental expert to a call to address a client's specific needs is a straightforward example of team selling (e.g., manufacturing, customer service, or technical questions).
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When most workers are classified as not being in the labor force, when in reality they are actively searching for work, then the unemployment rate will be Group of answer choices Overstated Neither understated nor overstated Either understated or overstated Understated
When the workers are not in the labor force and actively searching for work then the rate of unemployment is neither overstated nor understated.
Option B is the correct answer.
What is unemployment?Unemployment is the scenario where an individual is not able to seek any job and desperately looking for it.
The rate of unemployment is unaffected when the people are not employed in any kind of workforce and are searching for employment. It is because the rate affected at the times when either more people have employed leads to a decrease or fewer people are employed leads to an increase.
Therefore, the active search for employment by an individual will not change the rate of unemployment in any way.
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Cost-push inflation can contribute to a recession by increasing prices, which ______. Multiple choice question. reduces output and leads to lower employment increases interest rates and reduces consumer debts increases output and causes real incomes to rise reduces output while increasing employment
Cost-push inflation can contribute to a recession by increasing prices, which: A. reduces output and leads to lower employment.
What is cost-push inflation?Cost-push inflation can be defined as a type of inflation which typically occurs due to an increase in the quantity of production (output) per-unit costs at each level of total spending by a business firm.
This ultimately implies that, cost-push inflation can contribute to a recession by increasing prices, which causes a reduction in the level of output and eventually leads to lower employment.
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You buy two loaves of bread at a price set by the government. The price of the bread never changes, and it is the only kind of bread produced. This scenario is an example of a perfectly competitive market. market-based economy. shortage. centrally planned market.
The answer is a Centrally planned market.
In the given case, the price of a loaf of bread is set by the government.
Also, the set price of loaf never changes.
Moreover, the bread so produced is the only kind in the market.
This shows all the decisions related to the market of the bread are taken by the center which is the government. In other words, it is the center that plans the decisions concerning the market of the bread.
Hence, where I buy two loaves of bread at a price set by the government. The price of the bread never changes, and it is the only kind of bread produced. This scenario is an example of a centrally planned market.
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Given the different combinations of goods and services a consumer can obtain within his or her budget, the ______ can determine the specific combination that will yield the most utility or satisfaction.
Given the different combinations of goods and services, a consumer can obtain within his or her budget, the utility-maximizing rule can determine the specific combination that will yield the most utility or satisfaction.
Customer service is a direct one-to-one interaction between the consumer who buys it and the representative of the company that sells it. Most retailers believe that this direct interaction is an important factor in ensuring shopper satisfaction and promoting repeat businesses.
Even today, if much of the customer support is handled by automated self-service systems, most businesses still consider the ability to speak to humans to be necessary. It is an important aspect of servant leadership.
For decades, companies in many sectors have sought to reduce labor costs by automating processes as much as possible.
Customer Service has led many companies to implement systems online and by phone that can answer as many questions as possible and solve as many problems as possible without the presence of humans.
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Nick works with a large team at a social media company. He has proposed and finished several projects which the company funded and completed. He has a great sense of pride in doing his job. He has worked with the company for four years now but has yet to see a promotion. Nick works for a company with a:
Nick works for a company with a: flat hierarchy structure.
What Is Social Media?
Broadly speaking, the definition of social media is any web platform or mobile application that allows users to network, share information, photos, or ideas with other users who share their social network or online community.
The use of social media technology requires an array of different supporting activities, including blog curation, professional social networking, customers sharing reviews, and many social media sites that enable you to share photos and videos with friends and family.
What is Social Media Company ?A social media company offers not only exposure to their clients, but brand-building equity as well. Social media company campaigns are designed to promote the same “feel” throughout multiple social media platforms, which in turn makes even small startups look as impressive as larger rivals.
A social media company also helps drum up interest and engagement locally for brick-and-mortar businesses, increasing turnout, interest and attendance for special events and sales held in store.
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Greg and Neha are interested in buying a ranch-style home in a suburban family neighborhood. The sellers have only lived there for 19 months, so they have no information about the addition that was put on 20 or 30 years ago. Why does it matter whether the owners at the time got permits to do the addition
It was important for the owners at the time to get permits to do the addition because if the addition was not permitted, it may need to be inspected to ensure it meets code and perhaps even be take down.
What is addition construction?Any improvement that increases the square footage of a building is considered an addition. Any walled and roofed addition to an existing building that is connected by a shared load-bearing wall other than a firewall is referred to as an addition.
The types of building codes are-
International Building Code (IBC)International Residential Code (IRC),Electrical codes and plumbing, Mechanical codes.Thing to know before adding an addition to house-
Property Lines, Impact on Existing Architecture, Scope of Work, Required Materials,Permits, Permissions, and Inspections,Your goal is to be clear,Local building regulations.,Your contractor, Design.Therefore, building codes are the minimal standards for design and construction that guarantee sturdy and secure structures. By strengthening structures to survive calamities, these codes lower the number of fatalities, expenses, and damage.
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During the ________ stage of team development, team members shift their attention away from task orientation to a relationship focus. Group of answer choices storming forming norming adjourning
During the adjourning stage of team development, team members shift their attention away from task orientation to a relationship focus.
What is team development?A team is a collection of people who cooperate to achieve a common objective. Each team member contributes in their own special way to the achievement of the shared objective by playing a specific team role. But the team as a whole has the same outlook and mentality.
The following traits make a successful team:
MissionCommitmentThe 3 R's: for Rules, Roles, and ResponsibilitiesProcessThere are five stages of team development:
FormingStormingNormingPerformingAdjourningThe decision to adjourn differs greatly between teams. Some teams adjourn in silence, some in joy, and some with melancholy. No matter how long or how well a project turns out, each team deserves warm congratulations for their concerted work. The wrapping-up phase is an excellent chance for project leaders to promote long-term relationships, consider the team's development, and mark the project's completion
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Being on time in business situations generally means being about ________________.
Answer:
Being on time in business situations generally means being about 5 minutes early
Explanation:
5 minutes late is acceptable with a brief apology. Ten to fifteen minutes late requires a phone call to warn of the delay and to apologize.
Suppose you are eating buffalo wings at a local happy hour. The total utils from doing so after the fourth, fifth, sixth, and seventh wings are 30, 50, 65, 72, respectively. In this situation we have __________ marginal utility, which is generally __________ in the analysis of consumer choice.
In this situation, we have diminishing marginal utility, which is generally assumed in the analysis of consumer choice.
What is marginal utility?In economics, utility is defined as the enjoyment or value gained from using a thing. The marginal utility of a good or service explains how much pleasure or satisfaction consumers receive or lose as a result of a one-unit increase or reduction in consumption. There are three different kinds of marginal utility.According to the law of declining marginal utility, as consumption increases, the marginal utility obtained from each extra unit decreases.What is consumer choice?Consumer choice theory is a branch of microeconomics that connects preferences to consumption expenditures and consumer demand curves.Solution -As the law of marginal utility states, as consumption increases, the marginal utility obtained from each extra unit decreases.
Therefore, in this situation, we have diminishing marginal utility, which is generally assumed in the analysis of consumer choice.
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Assume that your roommate is very messy. Suppose she gets a $25 benefit from being messy but imposes a $50 cost on you. The Coase theorem would suggest that an efficient solution would be for you to:_______.
a. pay your roommate at least $51 to clean up after herself. b. charge your roommate at least $50 but no more than $100 to keep you from complaining about the mess. c. charge your roommate at least $25 to have you clean up after her. d. pay your roommate at least $25 but no more than $50 to clean up after herself.
Answer:
I think the answer should be .b.charge your roommate at least $50 but no more than $100 to keep you from complaining about the mess
In the long run, the most important source of increase in a nation's standard of living is a: Group of answer choices high rate of economic growth. high rate of labor force growth. zero rate of population growth high rate of consumption.
In the long run, the most important source of increase in a nation's standard of living is high rate of economic growth.
What is economic growth?This refers to continuous increase in the total amount of goods and services produced within a country.
The long run is a period in which all factors of productions are variable hence high rate of economic growth is essential towards a nation's standard of living.
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_____________ is a measurement of sales for comparable homes in a neighborhood. The analysis uses the supply and demand focus in determining the rate of sales and anticipated time that a home may remain on the market.
Absorption Analysis is a measurement of sales for comparable homes in a neighborhood. The analysis uses the supply and demand focus in determining the rate of sales and anticipated time that a home may remain on the market.
What is Absorption Analysis?Absorption Analysis serves as a way to know how supply and demand focus in determining the rate of sales.
In this case, Absorption Analysis is a measurement of sales for comparable homes in a neighborhood.
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paniards can produce 10 gallons of wine or 8 gallons of olive oil per worker hour. Americans can produce 9 gallons of wine or 6 gallons on olive oil per worker hour. Who has the comparative advantage for wine and who for olive oil
Spaniards can produce 10 gallons of wine or 8 gallons of olive oil per worker hour. Americans can produce 9 gallons of wine or 6 gallons on olive oil per worker hour.
Spanish have an absolute advantage in wine and olive oil.
According to a recent study that was published in the Journal of Agricultural and Food Chemistry in 2021, olive oil actually improves the flavor of red wine. Therefore, I advise matching a full-bodied red wine with an extra olive oil if you require a rapid wine and olive oil pairing.
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Intelligence is analyzed information which in turn becomes decision-making intelligence when it has ramifications for the firm. Question 6 options: True False
Answer:
True
Explanation:
he marketing advantage of Blank______ is the great number of special-interest publications that appeal to narrowly defined segments.
The marketing advantage of Magazines is the great number of special-interest publications that appeal to narrowly defined segments.
Advantages of Magazine AdvertisingThere are a limited number of pages in magazines, and each page only has a few advertisements. The chances of getting noticed are substantially higher, and local adverts will stick in people's minds longer than internet ones do.Many people are reluctant to engage online due to fake news and cybercrime. Readers are more likely to trust a person if they trust their local magazine as a source of local knowledge. Making a phone or sending an email carries almost little risk for them.People in the neighborhood will enjoy a solid reputation for expertise and curiosity. People will believe what they see, which will be advantageous for your brand.To learn more about the Marketing of Magazins refer to:
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Your net worth, or your general level of financial worth, is found by Question 71 options: dividing monthly debt (less a mortgage payment) by monthly income. dividing your monetary assets by your current liabilities. subtracting your liabilities from your assets. subtracting current liabilities from monetary assets. subtracting your expenses from your income.
Your net worth, or your general level of financial worth, is found subtracting your liabilities from your assets.
A person's or company's net worth is the value of their assets less the amount of obligations they have. It is a crucial indicator for assessing a company's health because it offers a helpful overview of its present financial situation.Assets and liabilities make up your entire net B. Everyone has some assets, and you could also have some liabilities or debts. You may find out your dollar and cent value by calculating your net worth. It's your net worth less any outstanding debts that you may have.What are personal assets and liabilities?
Assets include the market worth of the money stored in savings and checking accounts, the balances in retirement accounts, trading accounts, and real estate. Any debts that a person may owe include credit card debt, personal loans, student loans, back taxes, and mortgages.Learn more about personal assets and liabilities brainly.com/question/20629929
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A company will engage in test marketing in order to Blank______. Multiple choice question. let consumers examine a prototype in a real-use setting to determine its benefits help engineers determine whether a new product will perform according to its protocol determine how much money should be budgeted for the product determine whether consumers will actually buy the product
A company will engage in test marketing in order to determine whether consumers will actually buy the product.
Consumer beta testing involves looking at a prototype. Product display outside of company. uses potential customers who test the product prototype in a "real use" environment to assess its performance, functionality, potential issues, and other issues unique to its application.Prior to taking that risk, testing the market will show you all the areas where the product has to be improved and how it can be made better. By doing this, you'll be able to lower the risk involved in the provision of the products at full capacity.
What is a test market in business?
Before a larger release, a product or marketing campaign is made available in a restricted number of locations as part of a test marketing strategy. Customers who are exposed to the brand or marketing campaign may or may not be aware that they are a test group.Learn more about test market in business brainly.com/question/13573143
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Which form of bankruptcy allows a debtor with a regular income to extinguish his or her debts from future earnings or other property over a period of time
"Chapter 13" form of bankruptcy allows a debtor with a regular income to extinguish his or her debts from future earnings or other property over a period of time.
What is chapter 13 form?An individual with steady income may alter their debts under this chapter of the Bankruptcy Code. Generally three to five years, Chapter 13 enables a debtor to maintain their assets while paying down their debts.
The benefits of filling chapter 13 form:
You might be able to extend the time you pay off your debt, lower the amount you pay each month, or give up a piece of property you're paying off.Additionally, after you successfully finish a Chapter 13 repayment plan, certain creditors can no longer require full payment from you.To know more about bankruptcy, here
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Write the definition in your own words
Profit:
_________________________________________________________________________________________________________
Revenue:
_________________________________________________________________________________________________________
Expenses:
_________________________________________________________________________________________________________
Net Income:
_________________________________________________________________________________________________________
Net Loss:
In accounting, profit, revenue, expenses, and net income/loss are integral and they are defined as:
Profit - returns on revenue after expenses. Revenue - returns from selling goods or providing services. Expenses - costs incurred to run business. Net income = profit acquired after taxation. Net loss - losses when expenses are more than revenue. What comprises the Income Statement?The Income statement includes the revenue which is the amount of sales or services provided by the company in a period.
The costs of running the company (expenses) are deducted from the revenue to find the profit. This can also be called the net income.
A net loss comes about when the expenses are more than revenue and this is not an ideal situation for companies.
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