A purposeful systematic process for collecting information on the important work related aspects of a job is called job description. TURE OR FALSE

Answers

Answer 1

Answer:

F

Explanation:


Related Questions

Your strengths represent the best you have to offer in ______ others.a) controlling.
b) influencing.
c) manipulating.d) controlling and manipulating.

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Option B would be your best bet

Why is a facility location so important to manufacturers

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Facility Location is the right location for the manufacturing facility, it will have sufficient access to the customers, workers, transportation, etc. ... come together and manufacture products for customers. One of the most critical factors determining the success of the manufacturing unit is the location.

Flannigan Company manufactures and sells a single product that sells for $320 per unit; variable costs are $176. Annual fixed costs are $927,000. Current sales volume is $4,260,000. Flannigan Company management targets an annual pre-tax income of $1,185,000. Compute the dollar sales to earn the target pre-tax net income.

Answers

Answer:

Break-even point (dollars)= $4,693,333.33

Explanation:

Giving the following information:

Selling price= $320 per unit

Unitary variable costs= $176

Annual fixed costs= $927,000

Desired profit= $1,185,000

To calculate the sales in dollars required, we need to use the break-even point in dollars formula:

Break-even point (dollars)= (fixed costs + desired profit) / contribution margin ratio

Break-even point (dollars)= (927,000 + 1,185,000) / [(320-176) / 320]

Break-even point (dollars)=  2,112,000 / 0.45

Break-even point (dollars)= $4,693,333.33

house alarm system when he moved to his new home in Seattle. For security purposes, he has all of his mail, including his alarm system bill, mailed to his local UPS store. Although the alarm system is activated and the company is aware of its physical address, Richardson receives repeated offers mailed to his physical address, imploring him to protect his house with the system he currently uses. What do you think the problem might be with that company's database

Answers

Answer:

it appears there's no database differentiation

Explanation:

Remember, we are told Richardson had already set up his house alarm system when he moved to his new home in Seattle, meaning he had subscribed to the service.

However, because the company's database does not differentiate customers who had activated their alarm system and set their billing to be sent to their local UPS store, it has caused Richardson security concern to still see repeated offers mailed to his physical address.

he following cost data pertain to the operations of Brentwood Department Stores, Inc., for the month of May: Corporate legal office salaries $ 69,000 Shoe Department cost of sales-Brentwood Store $ 87,000 Corporate headquarters building lease $ 86,000 Store manager's salary-Brentwood Store $ 14,700 Shoe Department sales commissions-Brentwood Store $ 8,700 Store utilities-Brentwood Store $ 13,700 Shoe Department manager's salary-Brentwood Store $ 4,700 Central warehouse lease cost $ 11,700 Janitorial costs-Brentwood Store $ 11,700 The Brentwood Store is just one of many stores owned and operated by the company. The Shoe Department is one of many departments at the Brentwood Store. The central warehouse serves all of the company's stores. What is the total amount of the costs listed above that are NOT direct costs of the Brentwood Store

Answers

Answer:

The total amount of the costs listed above that are NOT direct costs of the Brent-wood Store is $166,700

Explanation:

The total amount of the costs listed above that are NOT direct costs of the Brent-wood Store is as listed below:

Details                                                       Amount

Corporate Legal Office Salaries              $69,000

Corporate Headquarters Building lease $86,000

Central Warehouse lease cost                 $11,700

Total non-direct cost of the store           $166,700

Price elasticity of demand is an important tool for managers in in a selling environment in deciding what to put on sale. Assume you are the District Manager of a grocery chain which sells everything like Ralphs or Albertsons. What will you put on sale in your district during the Valentine's Day week

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Answer:

The manager of the grocery chain should put two types of products:

1) products that are staple in Valentine's Day, because they are very likely to be sold in large numers.

2) products that have low price elasticity, or that are relatively inelastic, because these products will be sold in important quantities even if theirprices are moderately increased, bringing more profit to the firm.

________ is what is left after a firm pays its variable costs and fixed costs

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Profit is what is left after a firm plays its variable costs and fixed costs.

A company is considering two designs for a machine in its manufacturing line. The first, called machine A, will cost $160000 in fixed costs and will cost $80 per unit in variable costs, for each unit it produces. The second, called B, will cost $270000 in fixed costs and will cost $2 per unit in variable costs, for each unit it produces. At what volume of production will the two machines cost the same

Answers

Answer:

The indifference point is 1,410 units

Explanation:

Giving the following information:

Machine A:

Fixed costs= $160,000

Unitary variable cost= $80

Machine B:

Fixed costs= $270,000

Unitary variable cost= $2

First, we need to structure the total cost formula for each machine:

Machine A= 160,000 + 80x

Machine B= 270,000 + 2x

x= number of units

Now, we equal both formulas and isolate x:

160,000 + 80x = 270,000 + 2x

78x = 110,000

x= 110,000/78

x= 1,410 units

The indifference point is 1,410 units

What should be Alicia's first step? What should be Alicia's first step? Multiple Choice set goals for hiring new staff check with her colleagues in the industry for possible new hires forecast labor supply and demand within the company once video work starts take out a recruitment ad in the local newspaper get together with company execs for a planning session

Answers

The complete question reads;

As you read the following case, think about how Alicia Brooks, HR manager at Edu-Films, needs to take a balanced approach to hiring the right amount of staff for the company's next big project. In this exercise, please read the mini-case and answer the questions that follow. Edu-Films is a small design company that writes and produces videos for the elementary and high school education market. The company is in the final stages of negotiating a new contract with a U.S. publisher to create 40 videos for a new K-12 math series, and the videos need to be available by the spring of 2017. Business for Edu-Films has been slow over the past three years, and the company has kept staff levels to a minimum. Mindful of the company's flat fiscal results over the last couple of years but understanding that new hires must be ready to go once the agreement is signed, HR manager Alicia Brooks must put together a cohesive hiring plan.

1). What should be Alicia's first step?  

A). Check with her colleagues in the industry for possible new hires.

B). Get together with company execs for a planning session.  

C). Set goals for hiring new staff.

D). Forecast labor supply and demand within the company once video work starts.

E). Take out a recruitment ad in the local newspaper.

Answer:

C). Set goals for hiring new staff.

Explanation:

A goal refers to expected results or achievement which requires effort. Remember we are told, "the videos need to be available by the spring of 2017". Meeting this deadline should be the ultimate goal, and so Alicia's first step should be to set goals for hiring new staff.

By so doing she can get the expected results.

At the annual shareholders meeting of the company you work for, the CEO points out that after a record year of cash flow, the company plans to spend significant amounts of that cash in a stock repurchase program. What is one reason the Board of Directors and executive leadership of a company would use its excess cash flow to buy back its own shares?

Answers

Answer:

increase their ownership amount of the company

Explanation:

The main reason why shareholders would do this is to increase their ownership amount of the company. Each company only has a certain number of shares available, the entirety of this amount makes up the entire company. The more shares you own, the more of the company you own. Therefore, when there is excess cash flow many shareholders buyback more of their stocks in order to own more of the company, which they think will continue to grow and bring them more profits.

Sampson Corp. had 500,000 shares of common stock outstanding at the beginning of the year. The average market price was $20. On April 1, Sampson issued 100,000 shares of $1000 par value 10 percent preferred stock. On July 1, Sampson issued 200,000 warrants to purchase 10 shares of common stock each at $22 per share. On October 1, Sampson repurchased 60,000 of common stock as treasury stock for $15 per share (EPS) was:

a. 515,000.
b. 600,000.
c. 485,000.

Answers

Answer:

c. 485,000

Explanation:

[(500,000 × 12) − (60,000 × 3)] / 12 = 485,000

A company rents office space for $10,000. The company hasn’t yet recorded payment as an expense in the financial statements because it hasn’t started using the premises.

Answers

what is the question?

Apple Tree Enterprises allocated overhead based on direct material cost and has a predetermined overhead rate of 160%. During the current period, direct labor cost is $67,000 and direct materials cost is $73,000. In the current period, determine the amount of overhead to be applied by Apple Tree Enterprises.

Answers

Answer:

Allocated MOH= $116,800

Explanation:

Giving the following information:

predetermined overhead rate= 160% of direct material

Direct materials= $73,000

To calculate the allocated overhead, we need to use the following formula:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 1.6*73,000

Allocated MOH= $116,800

39. You expect to receive $5,000 in 25 years. How much is it worth today if the discount rate is 5.5%?

Answers

Answer:

PV= $1,311.17

Explanation:

Giving the following information:

Future Value (FV)= $5,000

Number of periods (n)= 25 years

Interest rate (i)= 5.5% compounded annually

To calculate the present value (PV), we need to use the following formula:

PV= FV / (1+i)^n

PV= 5,000 / 1.055^25

PV= $1,311.17

How is the change in cash classified on the statement of cash flows?
a. It is found in the investing activities section of the statement.
b. It is found in the operating activities section of the statement.
c. It is found in the financing activities section of the statement.
d. It is the sum of the investing, operating, and financing activities sections.

Answers

Answer:

d. It is the sum of the investing, operating, and financing activities sections.

Explanation:

Change in cash classified on the statement of cash flows is derived by the sum of the Investing cash flow activities + Operating cash flow activities Financing cash flow activities. The balance gotten is known as Net cash flow for the particular period.

Allo Foundation, a tax-exempt organization, invested $200,000 in cost-saving equipment. The equipment has a five-year useful life with no salvage value. Allo estimates that the annual cash savings from this project will amount to $65,000. On investments of this type, Allo's required rate of return is 12%.The net present value of the project is closest to: Select one: a. $34,300 b. $36,400 c. $90,000 d. $125,000

Answers

Answer:

Net Present Value = $ 34,310.45  

Explanation:

The Net present Value (NPV ) is the difference between the present value PV of cash inflows and the PV of cash outflows. A positive NPV implies a good investment decision and a negative figure implies the opposite.  

NPV of an investment

NPV = PV of Cash inflows - PV of cash outflow  

The cash inflow is an annuity.

PV of annuity= A× 1 -(1+r)^(-n)/r  

A- Annual cash flow ,- 65,000 r - discount rate - 12%, number of years- 5

Present Value of cash inflow =65,000 × (1- (1.12)^(-5)/0.12 =  234,310.45  

Initial cost = 200,000

Net Present Value =  -  234,310.45  -200,000 = 34,310.45  

Net Present Value = $ 34,310.45  

You manage an equity fund with an expected risk premium of 10% and a standard deviation of 14%. The rate on Treasury bills is 6%. Your client chooses to invest $60,000 of her portfolio in your equity fund and $40,000 in a T-bill money market fund. What is the reward-to-volatility (Sharpe) ratio for the equity fund

Answers

Answer: 0.71

Explanation:

The following can be deduced from the question:

Expected risk premium = 10%

Standard deviation = 14%.

Treasury bills rate = 6%.

The expected return of equity will be:

= 10% + 6%

= 16%

The reward to voltality ratio is calculated as:

(expected return - risk free rate )/standard deviation

= (16% -6%)/14%

= 10%/14%

=0.1/0.14

= 0.71

A company purchased a building for $900,000 by obtaining a 30-year mortgage payable. Assume the lending arrangement specifies that the company will pay $20,000 of the principal over the first year, $30,000 in the second year, and the remainder evenly over the final 28 years. What amount of the $900,000 would be classified as a long-term liability at the time the mortgage payable is obtained

Answers

Answer:

A total of $880,000 would be classifiad as a long-term liability.

Explanation:

Long-term liabilities are also known as non-current liabilities.

Long-term liabilities consist of all the liabilities that are not due within a year, in other words, that can be paid off for a period of time longer than six months.

In this case, only $20,000 of principal of a total of $900,000 are paid over the first year. The remaining principal payment of $880,000 (plus any interest), is to be paid over the next 29 years, and for this reason, these payments will be recorded in the balance sheet as long-term or non-current liabilities.

"Consider a C corporation. The corporation earns $13 per share before taxes. After the corporation has paid its corresponding taxes, it will distribute 0% of its earnings to its shareholders as a dividend. The corporate tax rate is 42%, the tax rate on dividend income is 27%, and the personal income tax rate is set at 20%. What are the shareholder's earnings from the corporation after all corresponding taxes are paid?"

Answers

Answer:

$1.41144

Explanation:

Assuming that distribution of its earning to its shareholder is 30% as against the 0% which is likely a mistake because the tax rate on dividend income of 27% is also given in the question

Earning before tax                $13

Less: Corporation tax           $5.46

($13 * 42%)

Earnings after tax                 $7.54

Dividend distribution = $7.54 * 30% = $2.262

After tax dividend = $2.262 * (1-0.27) = $2.262 * 0.78 = $1.7643

Shareholder earnings after Income tax = $1.7643 * (1 - 0.20) = $1.7643 * 0.80 = $1.41144

Therefore, the Shareholder earnings from the Corporation assuming the distribution of its earning to its shareholder is 30% is $1.41144

Which of the following is NOT considered a step in activity-based costing?
A. Trace or allocate overhead costs to activity cost pools.
B. Identify and classify the major activities involved in the manufacture of specific products.
C. Identify a single overhead rate as the predetermined overhead rate.
. The overhead traced or allocated to the activity cost pools is assigned to products using cost drivers.

Answers

Answer: C. Identify a single overhead rate as the predetermined overhead rate.

Explanation:

Activity based costing works by assigning indirect and overhead costs to the activities that caused the costs to be incurred and then assigning those activities to the products those activities helped produce such that indirect and overhead costing is more accurate.

The steps involved include, tracing and allocating overhead costs to activity coat pools, identifying and classifying the major activities involved in the manufacture of specific products, and assigning overhead costs to products based on cost drivers.

It does not include identifying a single overhead rate as the predetermined overhead rate. This is a step is in Standard Costing.

Identify whether a debit or credit yields the indicated change for each of the following accounts %
a. To increase Prepaid Rent
b. To decrease Prepaid Parking
c. To increase Repairs Expense
d. To increase Commission Revenue
e. To decrease Rent Payable
f. To decrease Supplies
g. To increase Unearned Revenue
h. To decrease Equipment
i. To increase Retained Eamings
j. To increase Store Supplies

Answers

Answer:

a. To increase Prepaid Rent  ⇒ DEBIT, since this is an asset account, in order to increase it you must debit it.

b. To decrease Prepaid Parking    ⇒ CREDIT, since this is an asset account, in order to decrease it you must credit it.  

c. To increase Repairs Expense   ⇒ DEBIT, since this is an expense account, in order to increase it you must debit it.

d. To increase Commission Revenue   ⇒ CREDIT, since this is a revenue account, in order to increase it you must credit it.

e. To decrease Rent Payable ⇒ DEBIT, since this is a liability account, in order to decrease it you must debit it.

f. To decrease Supplies    ⇒ CREDIT, since this is an asset account, in order to decrease it you must credit it.

g. To increase Unearned Revenue  ⇒ CREDIT, since this is a liability account, in order to increase it you must credit it.

h. To decrease Equipment   ⇒ DEBIT, since this is an asset account, in order to increase it you must debit it.

i. To increase Retained Earnings   ⇒ CREDIT, since this is an equity account, in order to increase it you must credit it.

j. To increase Store Supplies  ⇒ DEBIT, since this is an asset account, in order to increase it you must debit it.

g If oil executives read in the newspaper that massive new oil supplies have been discovered under the Pacific Ocean but will likely only be useful in 10 years, what is likely to happen to the supply of oil today? What is the likely equilibrium impact on the price and quantity of oil today?

Answers

Answer:

a. What is likely to happen to the supply of oil today?

The supply of oil will increase today because the oil executives will no longer be worried about limiting supply on account of the current reserves running out because the oil reserves discovered that will be ready in 10 years will become the new supply source when the current reserves run out.

b. What is the likely equilibrium impact on the price and quantity of oil today?

As the supply oil will increase in the present, the Equilibrium quantity will increase.

With an increase in the equilibrium quantity, prices will decrease as oil will no longer be as scarce.

Here are selected data for Boston Bracing​ Company: Estimated manufacturing overhead ​ $236,800 Factory utilities ​ $30,200 Estimated labor hours ​ 35,000 Indirect labor ​ $22,400 Actual direct labor hours ​ 36,000 Sales commissions ​ $53,700 Estimated direct labor cost ​ $320,000 Factory rent ​ $47,700 Actual direct labor cost ​ $320,200 Factory property taxes ​ $28,100 Factory depreciation ​ $66,000 Indirect materials ​ $33,000 If the company allocates manufacturing overhead based on direct labor​ cost, what are the allocated manufacturing overhead​ costs?

Answers

Answer:

Allocated MOH= $236,948

Explanation:

Giving the following information:

Estimated manufacturing overhead ​ $236,800

Estimated direct labor cost ​ $320,000

Actual direct labor cost ​ $320,200

First, we need to calculate the predetermined overhead rate:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 236,800/320,000

Predetermined manufacturing overhead rate= $0.74 per direct labor dollar

Now, we can allocate overhead:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 0.74*320,200

Allocated MOH= $236,948

You want to accumulate $1 million by your retirement date, which is 25 years from now. You will make 25 deposits in your bank, with the first occurring today. The bank pays 7% interest, compounded annually. You expect to receive annual raise of 3%, which will offset inflation, and you will let the amount you deposit each year also grow by 3% (i.e., your second deposit will be 3% greater than your first, the third will be 3% greater than the second, etc.). How much must your first deposit be if you are to meet your goal

Answers

Answer:

First deposit will be $11,213.87

Explanation:

To derive how much the first deposit must be, the deposit can be derived by using payment formula for growing annuity

P = FV x (r - g) / [(1 + r)^n - (1 + g)^n]

When FV = $1,000,000

r = 7%

g = 3%

n = 25

Hence, First payment will be:

P = 1,000,000 * (7% - 3%) / (1.07^25 - 1.03^25)

P = 1,000,000 * 4% / 5.427433 - 2.093778

P = 40,000 / 3.333655

P = 11998.842

P = $11,998.84

However, this formula is applicable when the payments are made at the end of the year. In this case the payments are upfront, occurring today. We need to adjust this first payment to reflect the early payment.

Hence, first payment = $11,998.84  / (1 + 7%)

First payment =  $11,998.84  / (1 + 0.07)

First payment = $11,998.84  / 1.07

First payment = 11213.8691588785

First payment = $11,213.87

The following standard costs pertain to a component part manufactured by Bor Company: An outside supplier has offered to supply all of the parts needed by Bor Company for $50 each. The 60% of the manufacturing overhead cost that is fixed would be unaffected by this decision. In the decision to "make or buy," what is the relevant unit cost to make the part internally?

Answers

Answer:

$30

Explanation:

The computation of relevant unit cost to make the part internally is shown below:-

Relevant cost of making part = Direct material + Direct labor + Manufacturing overhead

= $4 + $10 + ($40 - (100% - $60%)

= $4 + $10 + ($40 - 40%)

= $4 + $10 + $16

= $30

So, for computing the relevant unit cost to make the part internally we simply applied the above formula.

Philip Morris expects the sales for his clothing company to be $670,000 next year. Philip notes that net assets (Assets − Liabilities) will remain unchanged. His clothing firm will enjoy a 9 percent return on total sales. He will start the year with $270,000 in the bank. What will Philip's ending cash balance be?

Answers

Answer:

the ending cash balance is $330,300

Explanation:

The computation of the ending cash balance is shown below:

Ending cash balance = Opening cash balance + Profit

= $270,000 + (9% × $670,000)

= $270,000 + $60,300

= $330,300

We simply added the opening cash balance and the profit so that the ending cash balance could come

Hence, the ending cash balance is $330,300

A scatter graph is used to test the assumption that the relationship between cost and activity level is ________. A. curvilinear B. cyclical C. unpredictable D. linear

Answers

Answer:

Option D (linear) is the right approach.

Explanation:

The scatter graph seems to be a graphic method to determine the relationship regarding expense and degree of operation. It could be used to evaluate the expense behavior of adjusting this same degree of operation.  It is being used to verify the system suitability or linearity statement that is true.  

Some other decisions taken are not relevant to the situation in question. Although it is indeed the best option.

Which of the following is an example of an equity investment?
(Select the best answer.)
A company bond
A company's stock
A government bond
A loan

Answers

Answer:

A company's stock

Explanation:

There are two main capital structure i.e. debt and the equity. The debt is the loan which is to be borrowed by the individual or a company in order to raise a capital. While the other one is equity in which it shows the ownership stake in the company also it involves the securities than should be traded in the stock markets

While going through the options given, the second option is correct as other options are the examples of debt and the same is not considered for an equity investment

Which account would be listed on a post-closing trial balance?
a. Sales Revenue
b. Depreciation Expense
c. Retained Earnings
d. Income Tax Expense.

Answers

Answer: c. Retained Earnings

Explanation:

The post-closing trial balance reflects balance sheet items that do not have a $0 balance in them when a period has ended and is prepared after the temporary accounts have been closed off. The purpose is to make sure that the debits equal the credits.

As there are no temporary accounts, all income statement items will have been closed off and moved to the Retained earnings account which will reflect the total for the income statement for the year. The only account that will be listed in the post-closing trial balance therefore will be the Retained earnings account.

The adjusted trial balance of Pacific Scientific Corporation on December 31, 2021, the end of the company’s fiscal year, contained the following income statement items ($ in millions): sales revenue, $2,200; cost of goods sold, $1,440; selling expense, $215; general and administrative expense, $205; interest expense, $45; and gain on sale of investments, $85. Income tax expense has not yet been recorded. The income tax rate is 25%. Assume the company’s accountant prepared a multiple-step income statement. a. What amount would appear in that statement for operating income? b. What amount would appear in that statement for nonoperating income?

Answers

Answer:

A. $340 million

B. $40 million

Explanation:

A. Calculation for the amount that would appear in that statement for operating income

Sales revenue $2,200

Less: Cost of goods sold ($1,440)

Selling expense ($215)

General and administrative expense ($205)

Operating income $340 million

Therefore the amount that would appear in that statement for operating income will be $340 million

B. Calculation for the amount that would appear in that statement for non operating income

Interest expense $45

Less Gain on sale of investments $85

Non-operating income $40 million

Therefore the amount that would appear in that statement for nonoperating income will be $40 million

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