A) Actual labor hours worked exceed standard hours allowed.
What does a negative labor rate variance mean?An unfavorable variance indicates that the cost of labour was higher than expected, whereas a positive variance shows that the cost of labour was lower than anticipated. The budgets for upcoming periods can be developed using this information, and it can also be used to provide feedback to the staff members in charge of the direct labour component of a company. For instance, the variance can be used to assess how well a firm's negotiators performed while determining the hourly rates to be agreed upon with the company union for the upcoming contract period.
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The significant event at the conclusion of each phase is called _____. Group of answer choices tasks deliverable milestone sequence action item
The significant event at the conclusion of each phase is called a milestone.
A milestone in your life is an important occasion. A turning point frequently ushers in a fresh chapter. For instance, your high school graduation was a significant event in your life. A roadside signpost that indicates the distance to a specific point is referred to as a milestone.Birthdays celebrated at milestone ages are those extra-special ages that call for more than simply a card and cake. Important childhood milestones that typically require a sizable party and an especially thoughtful present include a first birthday and turning 13 years old.A crucial moment or stage in the existence, development, or similar of a person, a country, etc. Her career reached a turning point when she was hired as a supervisor.Thus this is the answer.
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The following information is available for Barnes Company for the fiscal year ended December 31: Beginning finished goods inventory in units 0 Units produced 5,200 Units sold 4,200 Sales $ 546,000 Materials cost $ 104,000 Variable conversion cost used $ 52,000 Fixed manufacturing cost $ 130,000 Indirect operating costs (fixed) $ 84,000 The absorption costing ending inventory is:
The absorption costing ending inventory is, $55,000.
For computing ending inventory under absorption costing, we need to first find out the units of ending inventory, and then do the proportion to each cost.
What is inventory absorption costing?Direct material, direct labor, and all overhead are all included in the value of inventory under absorption costing. The distinction between the two approaches is that management will favor one approach over the other when making internal decisions.How do you find ending inventory using absorption costing?To the cost of purchases made during the period, add the cost of establishing inventory. This is the price of the products that are on sale. Calculate the anticipated cost of products sold by multiplying the gross profit margin by sales. To determine the ending inventory, deduct the cost of the items that can be sold from the cost of the items that were actually sold.
According to the question:
The units of ending inventory = Units produced - units sold.
= 5,200 units - 4,200 units.
= 1,000 units.
Now,
The material cost = Material cost × (ending inventory units ÷ units produced).
= $104,000 × (1,000 ÷ 5,200).
= $20,000.
The Variable conversion cost = Variable conversion cost × (ending inventory units ÷ units produced).
= $52,000 × (1,000 ÷ 5,200).
= $10,000.
The Fixed manufacturing cost = Fixed manufacturing cost × (ending inventory units ÷ units produced).
= $130,000 × (1,000 ÷ 5,200 ).
= $25,000.
So, the ending inventory = Material cost + Variable conversion cost + Fixed manufacturing cost.
= $20,000+ $10,000 + $25,000.
= $55,000.
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The desire and willingness of customers to purchase certain amounts of brand goods or services at particular price levels is best described as:
The desire and willingness of customers to purchase certain amounts of brand goods or services at particular price levels is best described as: demand.
The quantity of a good that consumers are willing and able to buy at different prices during a specific time period is known as demand in economics.A shift in consumer preference to buy a specific good or service, regardless of a change in price, is referred to as a change in demand. Changes in consumer preferences, income levels, or the price being charged for a comparable product could all be the cause of the change.According to the rule of demand, as a good's price drops, so does the quantity that is sought for. In other words, according to the law of demand, the demand curve is always downward sloping as a function of quantity and price.Thus this is the answer.
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Involving subordinates in decision making and in the assignment of tasks is the participative style of leadership. True or false?.
It is True that Involving subordinates in decision making and in the assignment of tasks is the participative style of leadership.
How can Involving subordinates in decision making help participative style of leadership?Decision making serves as the identification of the problem or opportunity as well as generating alternatives and implementing the solution.
In this case, It is True that Involving subordinates in decision making and in the assignment of tasks is the participative style of leadership.
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Please write the answer in the same blank format I provided
The preparation of the Trial Balance of Ceco Co. from the ledger accounts as of June 20, 2020, is as follows:
Ceco Co.
Trial BalanceAs of June 30, 2020
Accounts Debit Credit
Cash $5,000.00
A/R - R. Tamo 3,500.00
A/R - G. Slaught 1,124.00
A/R - P. Onno 850.00
Supplies 1,585.00
Automobile 22,800.00
Equipment 25,350.00
A/P - Batt Inc. $785.00
A/P - Parker Products 1,000.00
A/P - Nishi Co. 1,200.00
Bank Loan 25,000.00
C. Hernandez, Capital 32,224.00
Totals $60,209.00 $60,209.00
What is a trial balance?A trial balance is a list of the ledger accounts balances at a particular date of the financial period.
The trial balance helps to show if accounts have been correctly recorded according to the double-entry system.
Thus, the above trial balance shows the ledger accounts balances of Ceco Co as of June 30, 2020.
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Many politicians in Congress truly believe that raising personal income taxes on the wealthy from the current 39.5 percent to 70 percent would still grow the economy and generate more long-term revenues to the government for several years to come. Is this correct according to the Supply-Side economic theory
It is True According to the supply-side economic theory.
What is supply-side economic theory?According to the supply-side hypothesis, the economy will grow as long as there is an increase in the supply of commodities. The idea, sometimes known as supply-side fiscal policy, has been used by various American presidents in an effort to boost the economy. Supply-side strategies broadly focus on elements that support an economy's capacity to produce additional products and services. Although some economists have campaigned for the supply-side idea, others have opposed it. Critics contend that supply-side theory is inherently wrong (i.e., that supply cannot produce demand on its own), and empirical research has repeatedly demonstrated its limitations when used to inform policy (e.g., in the case of Kansas tax cuts that failed to generate growth).Know more about Supply-side Economics, with the help of following link:
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Assume you come from a monochronic, direct, and low-power distance culture. How could you best start reaching out to and securing a new vendor in a culture very different from your own?
High-context cultures are those that communicate in ways that are implicit and rely heavily on context. In contrast, low-context cultures rely on explicit verbal communication. High-context cultures are collectivist, value interpersonal relationships, and have members that form stable, close relationships.
Monochronic time is linear. Events are scheduled one at a time, with one event following another. In a monochronic culture, this type of schedule may take precedence over interpersonal relationships. These cultures emphasize schedules, punctuality, and preciseness. They also emphasize “doing” things.
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Consider two investment opportunities, Investment A and Investment B. Investment A pays interest at the rate of 12% per year, compounded monthly. Investment B pays interest at the rate of 11.5% per year, compounded daily. Which investment provides the better return
Answer:
Investment B
Explanation:
This is because it pays it interests daily onlike A which pays it monthly
A provision that allows any person with actual knowledge of false claims activity to file a lawsuit in federal court on behalf of the federal government without fear of retaliation is?
A provision that allows any person with actual knowledge of false claims activity to file a lawsuit in federal court on behalf of the federal government without fear of retaliation is the False Claims Act.
The federal False Claims Act protects personnel who record a contravention under the False Claims Act from discrimination, harassment, suspension, or termination of employment due to reporting viable fraud.
Creates legal responsibility for any person who knowingly submits a fake claim or reasons any other to publish a fake declaration or knowingly makes a false record or declaration to get a false claim paid by gov.
under the fake Claims Act, qui tam allows people and entities with proof of fraud in opposition to federal programs or contracts to sue the culprit on behalf of the American government. In qui tam moves, the government has the proper to interfere and join the motion.
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A target market is a group of people or organizations for which an organization designs, implements, and maintains a marketing mix intended to meet the needs of that group, resulting in mutually satisfying exchanges. Question 6 options: True False
A target market is a group of people or organizations for which an organization designs, implements, and maintains a marketing mix intended to meet the needs of that group, resulting in mutually satisfying exchanges: TRUE
What is a target market?
A target market is a collection of individuals or organizations for whom a company creates, develops, and maintains a marketing mix to match their demands, resulting in mutually beneficial exchanges.Geographic segmentation (location-based), demographic segmentation (population-based), psychographic segmentation (lifestyle and socioeconomic-based), and behavioral segmentation are the most prevalent forms of target markets.Defining your target market allows you to create a marketing plan that eliminates waste and places your adverts in front of likely clients while avoiding wasting valuable resources on people who are unlikely to be interested.Therefore, a target market is a group of people or organizations for which an organization designs, implements, and maintains a marketing mix intended to meet the needs of that group, resulting in mutually satisfying exchanges, which is TRUE.
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The two primary competitive levers that managers can use in order to answer the question of how to compete are.
The two primary competitive levers that managers can use are value and cost in order to answer the question of how to compete.
The term overall performance lever refers to a circumstance, approach, or capability that enables long-term, moral, and awesome overall performance to arise. By using the extension, because of this such overall performance levers may be used to improve commercial enterprise performance and profitability while known as upon.
So that it will respond correctly, agencies must recognition on the five 'productiveness levers,' or classes of factors that may be acted upon as a way to result in favored changes: people, strategies, systems, information, and assets (things).
Our member-pushed focus on these three possibility levers: approach, innovation, and advertising and marketing can help function us to offer the most member value now and inside the destiny.
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In a two-state world, where there are only two possible payoffs on a share of stock at the end of a year, the stock payoffs can be exactly duplicated using a combination of a call option on the stock and _____.
"In a two-state world, where there are only two possible payoffs on a share of stock at the end of a year, the stock payoffs can be exactly duplicated using a combination of a call option on the stock and risk-free asset."
A risk-free asset is one with a guaranteed future return and almost little chance of loss.
Bonds, notes, and particularly Treasury bills are issued by the U.S. Department of the Treasury.
These are regarded as risk-free investments because they are backed by the "full faith and credit" of the American government.
The return on risk-free assets is very close to the present interest rate because they are so safe.
Therefore "In a two-state world, where there are only two possible payoffs on a share of stock at the end of a year, the stock payoffs can be exactly duplicated using a combination of a call option on the stock and risk-free asset."
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Which of the following statements is true of rescission? Group of answer choices If a party to a contract announces the other party does not have to perform as promised, a rescission exists. It results in awarding monetary damages to a nonbreaching party that is intended to punish the breaching party of a contract. It arises from unusual losses that were foreseeable. If a party to a contract choses rescission as a remedy, that party cannot also make a claim for damages. If a party to a contract intentionally relinquishes a right to enforce the contract, a rescission occurs.
The True Statement about Rescission is : If a party to a contract choses rescission as a remedy, that party cannot also make a claim for damages.
To Find the True Statement amongst all other option , we need to know more about Rescission.
What is Rescission ?
The act of rescinding; the cancellation of a contract and the return of the parties to the positions they would have had if the contract had not been made. “recission may be brought about by decree or by mutual consent”
In contract law, rescission is an equitable remedy which allows a contractual party to cancel the contract. Parties may rescind if they are the victims of a vitiating factor, such as misrepresentation, mistake, duress, or undue influence. Rescission is the unwinding of a transaction. This is done to bring the parties, as far as possible, back to the position in which they were before they entered into a contract.
If the misrepresentation is fraudulent or negligent the court can award damages and rescind the contract, although where negligent misrepresentation occurs the court does have discretion to award damages in lieu of rescission.
Thus, we can conclude that the statement that Rescission is happens If a party to a contract choses rescission as a remedy, that party cannot also make a claim for damages.
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A company regularly purchases cleaning supplies from a vendor and orders relatively consistent amounts of the same products on each purchase from the same vendor. This is an example of a(n) ________.
The answer is straight rebuy.
A straight rebuy is when a client buys the same items in the same amount and on the same conditions from the same supplier.
It refers to a corporate purchasing situation in which the buyer reorders something without making any changes. The buying department normally handles it on a regular basis. "In" providers strive to maintain product and service quality in order to retain business. "Out" providers seek innovative methods to add value or exploit unhappiness in order to get the consumer to consider them.
Therefore, the answer is straight rebuy.
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Selina has lost her job. She has been combing the newspapers looking for another one and has been in contact with colleagues to inquire about a position at other firms. She is a bit embarrassed and still hasn't told any of her family about her stressful situation. What sort of culture does Selina MOST likely come from
Selina MOST likely come from individualistic sort of culture .
What is Individualistic cultures?Individualistic cultures are those that stress the needs of the individual over the needs of the group as a whole. In this type of culture, people are seen as independent and autonomous. Social behavior tends to be dictated by the attitudes and preferences of individuals.
Individualistic cultures stress that people should be able to solve problems or accomplish goals on their own without having to rely on assistance from others. People are often expected to "pull themselves up by their bootstraps" when they encounter setbacks.
What are characteristics of Individualistic Cultures ?A few common characteristics of individualistic cultures include:
Being dependent upon others is often considered shameful or embarrassing.Independence is highly valued.Individual rights take center stage.People often place a greater emphasis on standing out and being unique.People tend to be self-reliant.The rights of individuals tend to take a higher precedence.Thus, Selina MOST likely come from individualistic sort of culture .
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Tonya's company set up a booth at the college job fair to identify spring graduates who might be candidates for employment. This is an example of _____.
Tonya's company set up a booth at the college job fair to identify spring graduates who might be candidates for employment. This is an example of recruiting.
Give candidates a chance to interact directly with the employer. Give a company the chance to evaluate the skills of a possible employee.All businesses must generally decide on three aspects of hiring: personnel policy, sources of hiring, and the traits and conduct of the recruiter.To assist your company in gaining a competitive edge through enhanced productivity, performance, and efficiency.Employees' knowledge and abilities should be improved for their existing roles-
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Which of the following statements is NOT true? Group of answer choices Net working capital (NWC) refers to the difference between current assets and current liabilities. Working capital efficiency refers to the length of time between when a working capital asset is acquired and when it is converted into cash. Gross working capital refers to the funds invested in a company's current liabilities. Working capital management involves making decisions regarding the use and sources of current assets.
The money invested in a company's current liabilities is known as gross working capital.
What exactly is gross working capital?The total amount of a company's current assets is its gross working capital (assets that are convertible to cash within a year or less). Assets like cash, receivables, inventory, short-term investments, and marketable securities are all included in gross working capital.
How is gross working capital determined?Gross Working Capital = Total Value of Current Assets
It should be mentioned that working capital, or net working capital of a firm, is calculated by deducting current obligations from current assets.
What is a good illustration of gross working capital?Gross working capital includes items like marketable securities, accounts receivable, and inventory. Gross working capital is not helpful on its own because it only provides a partial picture of a company's liquidity.
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Dashboards can be presented at all the following levels EXCEPT Group of answer choices the visual dashboard level. the static report level. the visual cube level. the self-service cube level.
Dashboards can be presented at all the following levels except option C the visual cube level.
What are Dashboards?Dashboard serves as the panel in a system that consist of containing instruments as well as the control.
Dashboards can be presented :
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Steve is preparing a comparative market analysis for the Joneses and has selected three comparable properties. How many adjustments should Steve make to the Joneses' property
The number of adjustments that Steve has to make for Jones's property is 0.
What is a comparative market analysis?The comparative market analysis is the term that is used to refer to the estimate of the value of a person's home which is based on all of the other homes that are similar homes in the area.
The adjustments that have to be made to a property is going to be 0 based on the property.
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If you deposit $13,500 in the bank today, what is its future value at the end of twenty years if it is invested in an account paying 4.20% interest (annual compounding, which is the same as APR)?
The answer is $30,740.
Given,
The time period for which money is invested = N = 20
Interest Rate at which money is invested = i = 4.20%
Periodic Payment per period = PMT = 0
Present value of the money invested = PV = $13,500
Future value = FV
Since the formula for FV is:
FV = (PV) × (1+i)^N
Now substituting the given values in the above formula of future value we get,
= ($13,500) × (1+0.042)^20
= ($13,500) × (1.042)^20
= $13,500 × 2.2769546
= $30,738.88766
= $30,740 (After approximation to the nearest tens)
Hence, future value at the end of twenty years, if it is invested in an account paying 4.20% interest (annual compounding), is $30,740
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A person in the organization has the ability to given bonuses to employees as part of a corporate compensation program. This is an example of __________ power.
A person in the organization has the ability to given bonuses to employees as part of a corporate compensation program. This is an example of reward power.
What is reward power?
This is a term that is used formally in the workplace to refer to a power that has been given by people to give out rewards to other workers in the workplace.
A supervisor who gives incentives to workers is an example of a person that holds such a power.
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When a country determines its areas of comparative advantage and specialization, it puts itself in a position to ____________ through trade with other countries.
When a country determines its areas of comparative advantage and specialization, it puts itself in a position to strengthen its economy through trade with other countries.
3 verb If a currency, economy, or industry strengthens, or if something strengthens it, it increases in value or becomes more successful.
1. Economic growth is driven oftentimes by consumer spending and business investment.
2. Tax cuts and rebates are used to return money to consumers and boost spending.
3. Deregulation relaxes the rules imposed on businesses and has been credited with creating growth but can lead to excessive risk-taking.
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Henry accepted a new position at a ball bearing manufacturing plant after graduation from college. With his macroeconomic education, Henry has been asked to advise the best way to measure inflation for the company to be able to accurately adjust its prices. What would Henry advise the company to use
Henry advises the company to use producer price index.
What is producer price index?The producer price index (PPI) tracks the typical prices domestic producers of goods and services are paid. It is determined by dividing the current prices that sellers of a representative basket of commodities have received by the prices of those same goods in a base year multiplied by 100.
Difference between PPI and CPI?In contrast to the Consumer Price Index (CPI), which summarizes prices from the viewpoint of purchasers, the Producer Price Index (PPI) summarizes price level from the perspective of sellers. Because it provides early information on consumer demand and consumption, PPI is regarded as a solid economic indicator. This is so because the prices that producers obtain are a sign of the retail demand.
How can the producer price index be used to control inflation?The impact of consumer market inflation on changes in prices and measurements can be reduced or entirely eliminated by using the producer price index. Instead, by considering the price of goods, whether that price increases or decreases, and when the commodities are dispatched for distribution, the PPI can be utilized to correctly determine the inflation rate.
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______ documents are the original transaction record. Multiple choice question. Decision Source Project
Source documents are the original transaction record.
The original record of a commercial transaction is referred to as a source document. A source document records crucial details regarding a transaction, including the people involved, any payments made, the date, and the details of the transaction itself.The first transaction history. To assist managers and business experts in making decisions, decision support systems (DSS) model and analyze data from TPS (semi-structured) analysis-related data.What are the uses of source document?
The transaction's date, money amounts, people involved, and purpose are all included in the source documents, along with other relevant information. These records serve as evidence of both the fact that the transaction had place and its specifics.Learn more about source document records brainly.com/question/17759611
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Credit is a helpful tool because it:
A) ensures that people do not overspend or exceed their ability to pay.
B) allows people to borrow money that can be paid back later.
C) prevents lenders from charging higher interest rates in the future.
D) rewards people for saving a percentage of their earnings.
Credit is a helpful tool because it allows people to borrow money that can be paid back later.(option B)
What is credit?Credit is when a person makes use of a money he does not have. The money is usually acquired from a lender. The borrower would agree to pay at a future date. Interest is usually attached to the amount borrowed.
For example, if you want to buy a house but do not have the money, you can use mortgage. This is an example of credit.
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Men's per capita income tends to ________ after divorce, while women's per capita income tends to ________. Multiple Choice decrease; increase increase; decrease stay the same; decrease decrease; stay the same
Men's per capita income tends to increase after divorce, while women's per capita income tends to decrease.
Numerous studies have revealed that women are more likely to bear the financial burden of divorce.
Women have a more severe loss in household income and a higher likelihood of falling into poverty after separation (Smock 1994; Smock and Manning 1999).
In contrast, their ex-husbands might even raise their quality of life after the divorce. Peterson (1996) quantified the gender disparity that resulted in the United States, estimating that the standard of living for women fell by 27% while it rose by 10% for men.
Four risk factors for women are highlighted by gender disparities (Bröckel and Andress 2015; Holden and Smock 1991):
greater financial need and constrained earning potential when children are present; inadequate child maintenance; disproportionate income loss, which is frequently not fully compensated by spousal maintenance; and human capital deficits brought on by gender specialization in the division of labor during the marriage.Hence, Men's per capita income tends to increase after divorce, while women's per capita income tends to decrease.
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Most companies pay current liabilities
Most companies pay current liabilities within one year.
What is Current liabilities ?Current liabilities serves as the debt that company has incurred that are due to be paid to creditors within one year.
Examples of current liabilities are:
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If Gina is told by her superior that one of her goals for the year is to raise her sales figures by 10 percent over last year, she is being appraised using which type of method
An objective method is used to appraise Gina who had a goal to raise her sales figures by 10 percent over the last year.
What is an objective method?An objective method involves use of objectives to drive a project including a data collection, analysis, conclusions etc.
Hence, the objective method is used to appraise Gina who had a goal to raise her sales figures by 10 percent over the last year.
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_______ is a system for gathering information from respondents by continuously monitoring the advertising, promotion, and pricing they are exposed to and the things they buy. Question 1 options: Online research communities An online focus group Scanner-based research A web survey system
Scanner-based research is a system for gathering information from a single group of respondents by continuously monitoring the advertising, promotion, and pricing they re exposed to and the things they buy.
scanner-based investigation. A method of acquiring data from a single group of respondents by tracking the products they purchase and the advertising, promotions, and prices they are exposed to.The information that shops record when customers make purchases is known as scanner data. They consist of the number of items sold and the sales price for each item purchased on a particular day in a store.
What is scanner data used for?
For a specific time period, typically a week or a month, scanner data sets contain product quantities sold and money collected by the store for these products. NSOs can use this data to determine a product's price by dividing its revenue by the number of units it has sold.Learn more about Scanner-based research brainly.com/question/15032757
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MacKenzie Company sold $560 of merchandise to a customer who used a Regional Bank credit card. Regional Bank charges a 6.0% fee for sales on its credit cards. The journal entry to record this sales transaction would be:
The journal entry to record MacKenzie Company's sales transaction would be to:
Debit cash of $526.40.Debit credit card expense $33.60.Credit sales $560.What is a journal entry?A journal entry can be defined as a financial accounting process which typically involves keeping the records of business transactions such as sales, that are made by a company (business firm).
In this scenario, we would calculate the debit on cash as follows:
Charges = 6/100 × 560
Charges = 0.06 × 560
Charges = $33.60.
Debit cash = Sales - Charges
Debit cash = 560 - 33.60
Debit cash = $526.40.
In conclusion, we can logically conclude that the most appropriate journal entry to record MacKenzie Company's sales transaction would be to:
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