$1,250,000 should the plan report as year-end net assets available for benefits in the year 2 statement of changes in net assets available for benefits.
In economic accounting, an asset is any aid owned or controlled by way of a commercial enterprise or an financial entity. it's far something (tangible or intangible) that can be used to provide positive economic fee. property represent price of ownership that may be converted into coins (even though coins itself is also considered an asset).[1] The stability sheet of a company facts the monetary[2] price of the property owned by that firm. It covers cash and different valuables belonging to an individual or to a enterprise. assets can be grouped into essential training: tangible belongings and intangible assets. Tangible property include numerous subclasses, together with present day belongings and stuck assets.
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the following is a partially completed lower section of a departmental expense allocation spreadsheet for brickland. it reports the total amounts of direct and indirect expenses for the four departments. purchasing department expenses are allocated to the operating departments on the basis of purchase orders. maintenance department expenses are allocated based on square footage.
Compute the amount of Maintenance department expense to be allocated to Assembly. (Do not round your intermediate calculations.)
Purchasing Maintenance Fabrication Assembly
Operating costs $46,000 $26,400 $110,000 $76,000
No. of purchase orders 14 6
Sq.ft. of space 4,000 2,000
$17,600.
$8,800.
$13,200.
$13,800.
$32,200.
Option b. $8,800 is the correct answer. The maintenance expense to be allocated to Assembly is $8800 as per the given budget and allocations
Service Costs are costs incurred by the service departments in assisting the production departments inside the company. Therefore, the service department cost is allocated to the production departments.
Maintenance Department Expense of Assembly = Maintenance Department Expense x (Square Footage of Assembly / Total Square Footage)
Maintenance Department Expense of Assembly = $26,400 x ( 2000 / 6,000)
Maintenance Department Expense of Assembly = $26,400 x 0.3333
Maintenance Department Expense of Assembly = $8799 or $8800
Hence the maintenance department expense of assembly is $8800
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in procurements utilizing the negotiated acquisition method, the contract type can be suggested by the offeror, and is negotiable.
It is true that in purchases made using the bargained acquisition technique, the contract type can be discussed and offered by the offeror.
What does "purchasing" mean?The term "procurement" refers to all of the activities a business engages in to acquire the services and products it requires to carry out its daily operations. These activities include procurement, negotiating terms, making purchases, receiving and checking deliveries as necessary, and maintaining records of each step of the process.
What is a procurement example?Samples might include things like materials, tools, services, or goods that help produce the products your business sells. Direct Purchasing: Indirect procurement refers to everything not directly involved in the creation of commodities.
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TRUE/FALSE. when person a has power over person b because a controls pay raises and promotions that b wants, power exists. reward coercive referent expert legitimate
Legitimate Authority. When someone is in a position of authority over others, they have legitimate power." Understanding that you were given this power and that it can be taken away is essential if you have it.
How powerful is leadership?Power as a leader. Using a variety of strategies to push or prompt action, power is the capacity to influence the behavior of other people with or without resistance. Power is the capacity to complete tasks. In order to achieve a goal or objective, people with power are able to influence others' behavior.
When a leader officially gives up power, what is it called?Give it up in favor of abdicate, a powerful word that can annul a coronation. This should be a royal success, perhaps ironically, if you need a term to describe officially giving up.
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after salespeople generate leads, they must _______ those prospects by determining whether these pontential customers can afford the products and are in the position to make this decision
qualify
Salespeople must qualify leads they have generated by ascertaining whether potential clients can afford the products and are in a position to buy them.
Prospecting and qualifying, the initial stage of the selling process, entails finding potential clients and determining whether they have the means and desire to make a purchase. Those individuals and groups are eligible candidates who fit these requirements. Among other things, you should take into account the industry, company size, company priorities, and present difficulties. If they don't perfectly match the customer profile, that's okay. After all, ideal client profiles aren't always entirely compatible with businesses in the real world.
An identified need: A need that is not being met is the most fundamental requirement for identifying whether someone is a prospect for a product. Prospects who are aware of a need should be given priority by the salesperson, but those who are not yet aware of one should also be taken into consideration. Prospecting. Prospecting is the initial stage of the sales process. You locate potential clients in this stage and assess whether they require your good or service and whether they can afford what you have to offer.
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What is a job outlook?
A job outlook is an estimation of the future demand for workers in a particular occupation or industry. It is based on a variety of factors, such as the current state of the economy, the growth of the industry, technological changes, and demographic trends. A job outlook is typically expressed as a percentage or a numerical value, and it can be used to predict the number of job opportunities, the rate of job growth, and the potential for job losses in a given occupation or industry.
For example, a job outlook may indicate that there is a high demand for workers in a certain field, with a projected growth rate of 5% per year. This means that the number of job opportunities in that field is expected to increase by 5% each year, and that workers in that field are likely to have good job prospects. On the other hand, a job outlook may indicate that there is a low demand for workers in a certain field, with a projected decline in the number of job opportunities. This means that workers in that field may face challenges in finding employment, and that they may need to consider alternative careers.
Overall, a job outlook is a useful tool for workers, employers, and policy makers to understand the future demand for workers in different occupations and industries, and to make informed decisions about career choices, hiring, and workforce development.
After that phone call you just received from the sales manager, your blood pressure is sky high. He is furious that a huge order for one of your company's most important clients shipped five days late. You had no idea the production department was so far off schedule. Based on where you are in the rational approach to decision making and problem solving, what should you do next? a. Discuss the decision objectives with the sales manager to determine what th organization should strive to achieve in solving the problem b. Talk to your colleagues to nail down the essential details of the problem, such as what happened and who was involved c. Talk to your colleagues and collect information that may indicate a problem d. Analyze the information and data you have to diagnose the underlying problem
Talk to your colleagues to nail down the essential details of the problem, such as what happened and who was involved.
A regular blood stress stage is much less than a hundred and twenty/80 mmHg. no matter your age, you may take steps each day to hold your blood strain in a healthful variety. Blood strain is the pressure of circulating blood towards the walls of blood vessels. most of this strain results from the coronary heart pumping blood via the circulatory gadget. whilst used with out qualification, the term "blood pressure" refers back to the strain within the large arteries.
with out blood strain — the pressure that actions blood through our circulatory device — oxygen or nutrients might not attain our tissues and organs through our arteries nor would white blood cells be distributed via our our bodies. Blood strain also facilitates bring the poisonous waste in our our bodies through our liver and kidney.
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question 2-4 will use the following scenario: tesla, inc. offers a solar panel roof product for household usage. after learning more about the product, you are interested in installing this solar roof and would like to learn more about the two different payment schemes: cash and financing
If you are interested in installing the solar roof and would like to learn more about two different payment schemes that are cash and financing.
What is financing?Financing is the process of supplying capital for commercial ventures, purchases, or investments. To help consumers, businesses, and investors reach their objectives, financial institutions like banks are involved in the business of supplying capital. In order to create a market for money, financing also benefits from the reality that some people in an economy will have extra cash that they want to invest to earn returns while others need it to make investments. The two primary funding options for businesses are debt financing and equity financing. Debt is a loan that must frequently be repaid with interest but is frequently less expensive than borrowing capital due to tax deduction considerations.
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in general, which of the following would function as a store of value, and also provide a medium of exchange, and unit of account?
The estates listed below would serve as a unit of account, a medium of trade, and a store of wealth.
What function does an account serve in business?Accounting is essential to managing a company because it makes it easier to keep track of income and expenses, ensures legal compliance, and gives investors, management, and the state access to quantified financial data that can be used to make decisions.
What are the regulations of an account?The Diamond Rules of Accountancy are used to pass the journal entries. In order to apply these criteria, one needs to first determine the kind of account. Debit what is received, credit what is expended. Credit recipient, credit giver.
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for the firm's organizational structure, group of answer choices organizational structure specifies the firm's formal reporting relationships, procedures, controls, authority, and decision-making processes. organizational structure specifies the work to be done and how to do it. it is critical to match the firm's structure to the firm's strategy. all options listed
The organizational structure outlines the formal reporting ties, protocols, checks, authority structures, and decision-making processes for the company.
The internal, formal framework of a company called the organizational structure shows how management is set up, interconnected, and how authority is distributed across the business. The objective of organizational structure is to provide managers with in-depth feedback on how well an organization and its people are performing and gaining a competitive edge. An organizational structure is made up of the allocation of resources at different levels in accordance with their positions, levels of authority, and roles. It makes it possible for departments within an organization to coordinate their efforts, plan together, and communicate about shared goals. •Organizational structure outlines the following: -The formal reporting relationships, procedures, controls, and power and decision-making processes for the company.
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While mass production allows companies to produce a greater number of goods at a lower cost, flexible manufacturing technology also provides companies with these standards and at the same time allows a company to
customize its products.
Flexible manufacturing technology also provides companies with these standards and at the same time allows a company to customize its products.
A production technique called a flexible manufacturing technology is made to quickly adjust to changes in the kind and volume of the product being manufactured. A variety of parts can be manufactured by machines and automated systems, which can also adapt to changing production levels.
This flexibility is typically divided into two categories, each of which has a wide range of subclasses. The ability of the system to be altered to produce new product types and the ability to alter the sequence in which operations are carried out on a part fall under the first category, which is referred to as routing flexibility.
The ability to use several machines to carry out the same operation on a part falls under the second category of machine flexibility, along with the system's capacity to withstand significant variations in volume, capacity, or capability.
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A. We sent surveys to three West Coast companies; San Francisco Unlimited, San Jose Premier, and San Diego Logic.
B. We sent surveys to three west coast companies: San Francisco Unlimited, san jose premier, and San Diego Logic.
C. We sent surveys to three West Coast companies: San Francisco Unlimited, San Jose Premier, and San Diego Logic.
Correctly complete the following sentence.
The Research Committee (have been ///are /// is ??) going to put together a work plan.
(FROM THREE OPTION WHICH IS THE RIGHT ANSWER?)
Three West Coast businesses—San Francisco Unlimited, San Jose Premier, and San Diego Logic—received surveys from us.
What is the price of launching a survey?According to data from Home Advisor, a straightforward property boundary survey can cost anywhere between $100 and $600, while a mortgage survey typically costs $500. You'll probably spend extra for a surveyor's time if the features and records history of the property are more complicated.
Why are surveys so expensive?Land that is more challenging to reach or navigate often carries a higher surveying fee. Typically, properties with a lot of trees or that are particularly steep will cost more.
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a single worker at the ice cream production plant used to fill the container, put the lid on the container, seal the container, and then place it in the packing box. today the process is not as complex because the assembly line has been designed for two workers to get the job done at an even faster rate. structuring the assembly line to maximize efficiency is an example of which of the following? multiple choice question.
Structuring the assembly line to maximize efficiency is considered to be an example of Industrial Engineering.
Industrial Engineering is said to be concerned with the analysis, design, and control of production and service operations and systems. In the past, an industrial engineer was said to work in a manufacturing plant and was involved with the operating efficiency of the workers and also the machines.
However, this is considered as an expanding profession as here industrial engineers are said to work can help with cost control by increasing the efficiency.
Hence, the industrial engineers tend to find ways in order to eliminate wastefulness in production processes.
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which of the following items would not result in a deferred tax asset for finanial reporting purposes
Option B. Investment in tax-exempt bonds. A deferred tax asset is a result of a deductible temporary difference, which investment in tax-exempt bonds does not provide.
Deferred Tax Assets: What Does Not Qualify?A deferred tax asset is an item that a company can use to reduce its future income tax payments. It is created when a company records a deductible temporary difference on its financial statements that results in a lower tax liability than the amount reported on financial statements.
Examples of items that could potentially result in a deferred tax asset include unused tax credits, deductions for accelerated depreciation, and tax loss carry forwards. However, investment in tax-exempt bonds does not create a deferred tax asset as this does not result in a deductible temporary difference.
Since the question is not complete, here's the full answer:
Which of the following items would not result in a deferred tax asset for financial reporting purposes?
Choose the right option:
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which of the following factors influence the extent to which substitutability is available to a subunit?
Availability of alternatives and replaceability of personnel are the factors influence the extent to which substitutability is available to a subunit.
What is substitutability?In economics and consumer theory, a substitute, or substitutable good, is a good that consumers perceive to be substantially similar to or sufficiently equivalent to another item. A replacement is a product that can be used in place of another.
There are two ways that a product could be substituted. Product B cannot replace Product A, whereas Product A can be substituted in a one-way or unidirectional fashion.
Thus, Availability of alternatives and replaceability of personnel.
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One of the possible objectives of marketing communications is helping consumers evaluate a brand's perceived ability to meet a currently relevant need. Which of the following is a negatively oriented relevant brand need?
A) normal depletion
B) sensory gratification
C) social approval
D) intellectual stimulation
E) value enhancement
Answer: A
A negatively oriented relevant brand need is A) normal depletion.
In the field of marketing, normal depletion can be described as such an expense that a company has to afford in the production of a product that cannot be included in the cost of the product.
Normal depletion is negatively oriented as the burden of the cost of some procedures has to be afforded by the brand itself and hence the brand might try to increase the price of their product to generate more revenue. In this way, normal depletion is negatively oriented for the brand itself but also for the consumers that utilize the product of that brand.
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the lorenz curve and the line of perfect income equality will be one and the same in an economy if 20% of all households receive 20% of all income. t/f
True. the Lorenz curve and the line of perfect income equality will be one and the same in an economy if 20% of all households receive 20% of all income.
What is the Lorenz curve?The Lorenz curve in economics is a graphical depiction of the distribution of wealth or income. Max O. Lorenz created it in 1905 to symbolize the unequal distribution of wealth.
An illustration of income or wealth inequality on a graph is a Lorenz curve. According to income or wealth, the horizontal axis of the graph represents percentiles of the population.
A graphical representation of the wealth distribution in a community is the Lorenz curve. The inequality increases with the curve's distance from the bisector. The most commonly used indicator of income disparity in a community is the Gini coefficient, which was calculated from the Lorenz curve.
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Consider a newly issued TIPS bond with a 3-year maturity, par value of $1,000, and coupon rate of 5%. Assume annual coupon payments.Inflation in Coupon + Principal = TotalTime year just ended Par value payment repayment payment0 $1000.001 3% $1030.00 $51.50 0 $51.502 2% $1050.60 $52.53 0 $52.533 4% $1092.62 $54.63 $1092.62 $1.147.25What are the nominal rate of return and real return on the TIPS bond in the first year?5.00% and 5.00%5.15% and 3.00%8.15% and 5.00%9.10% and 2.10%
The nominal rate of return is 5.15% and real return on the TIPS bond in the first year will be 3.00%.
The rate of return is the amount of money that an investment generates over a period of time, expressed as a percentage of the initial investment. It is a measure of the profitability of an investment, and it reflects the growth of the investment as well as any income it generates.
The nominal rate of return on the TIPS bond in the first year is 5.00%. This is calculated by dividing the coupon payment for the year by the par value of the bond. In this case, the coupon payment is $51.50, so the nominal rate of return is:
$51.50/$1000 = 5.15%.
The real return on the TIPS bond in the first year is 3.00%. This is calculated by subtracting the rate of inflation from the nominal rate of return. In this case, the rate of inflation is 3%, so the real return is:
5.00% - 3.00% = 3.00%.
So the correct answer is 5.15% and 3.00%.
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In regard to moving averages, it is considered to be a price breaks through the moving average from signal when market A. bearish; below B. bullish; below C. bullish; above D. None of the options are correct.
When the market is C. bullish; above, it is regarded as a price breaking through the trend line from signal.
Is it braking or breaking?The words "break" and "brake" sound same. Break & brake can both be used as verbs or nouns. The verb brake implies to "slow down or bring a machine or automobile to a stop by employing a brake," whereas the noun brake refers to "a device that allows a car or equipment too slow down or stop." Break can mean many different things.
Is the word "break" correct?The past tense of break is broken, and the main verb is also broken, making it an irregular verb. The constant form is disintegrating. Break as a noun can signify an.
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sunshine clothing company issues 1,000 shares of $1 par value common stock at $30 per share. later in the year, the company decides to purchase 100 shares at a cost of $33 per share. record the purchase of treasury stock.
The journal entry would be:
Debit: Treasury Stock - $3,300
Credit: Cash - $3,300.
Treasury stock is stock that a company has repurchased from the open market and is no longer considered outstanding. The company holds treasury stock as a way to control the number of shares that are available on the market. Treasury stock is not entitled to any corporate rights, such as dividends or voting rights.
The journal entry for treasury stock is a debit to the treasury stock account and a credit to the cash account. The amount of the debit is the amount paid for the stock. The amount of the credit is the same amount.
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in developing countries, farm productivity is low because group of answer choices half of the labor force is involved in industrial activities. half of the labor force is involved in the service sector. more than half of the population consists of old people. farming methods are generally primitive. people prefer leisure over working. previousnext
The majority of the time, farming practices are basic in underdeveloped nations.
What issues does agriculture face in emerging nations?Because to growing crop water demand and drought, the amount of water needed for food production may become more scarce. As some regions become climatically unsuited for production, competition for land may increase.
What elements are influencing the growth of agriculture?The primary physical elements that affect agriculture are topography, soil, and climate. Topography/relief: Land cultivation challenges, soil erosion, and inadequate transportation networks and infrastructure are all related to topography. Depending on the topography of the used area, agriculture can be mechanized.
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some companies that produce paper will also produce a by-product that is sold as a binder (something that binds, or holds, things together). from which part of trees does this by-product come
The part of trees this by-product comes from is lignin.
Lignin is found within the middle lamella, in addition to in the secondary mobile wall of xylem vessels and the fibers that enhance flowers. it is also discovered in epidermal and now and again hypodermal cellular walls of a few plant life.
Lignins are used regularly in formulations involving proteins however little is understood approximately the floor interactions among those important biomacromolecules. in this painting, we look at the interactions on the stable-liquid interface of lignin with the two important proteins in soy, glycinin (11S) and β-conglycinin.
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a. what is the practice of one firm, operating in a noncollusive oligopoly, signaling their pricing behavior in advance? multiple choice 1 price leadership dominant strategy first firm primary movement
The practice of one firm, operating in a nonocclusive oligopoly, signaling their pricing behavior in advance primary movement is the movement which is made for the first time in the market by any of the firm it could be anything from new changes made in the product to change in the marketing strategy.
Dominant strategy is one which is used in Nash equilibrium and the only aim is to confuse the other firms which are there even if they both could be benefitted if the compromise to A particular point or strategy is made but they still try to confuse each other.
A Non-Collusive Oligopoly is one in which every organization withinside the enterprise pursues a charge and output coverage this is unbiased of competitors. To lessen opposition and to create and hold access barriers. To hold opposition and to paintings independently as a regular business.
Price management occurs whilst a main organization in a given enterprise is capable of exert sufficient have an impact on withinside the quarter that it may correctly decide the charge of products or offerings for the complete market.
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27) Assume that an economy experiences both positive population growth and technological progress. In this economy, which of the following is constant when balanced growth is achieved?
A) K
B) NA
C) K/N
D) Y/NA
E) none of the above
The correct option is B that is none of the above.
From the following NA is constant when balanced growth is achieved.
As per the given data,
we need to find among which of the options when constant when balanced growth is achieved.
According to question,
it is given that,
Assume that an economy experiences both positive population growth as well as technological progress.
As stated in the Golden Rule that in the economic system, the government will only borrow for investment and not to finance the expenses. By definition this means that on average in a recession the government should only borrow to pay for investments that will benefit future generations , the economy will experience both positive population growth and technological progress. In this economy, investment (I) is stable when there is balanced growth.
Therefore, the following option is wrong.
A) Y/NA
C) S (saving)
D) all of the above
Therefore, the correct option is B.
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I am attempting to create a new listing with a new product and receive this error:
The SKU does not match any ASIN and contains invalid value(s) for attributes required for creation of a new ASIN.
I purchased my GTIN UPCs directly from GS1 last week. I have been patiently waiting for them to validate on the Amazon side however I am still getting this error. All the details match in both systems, brand etc…
How can I get past this error to move forward. I opened a support case and it has been a never ending circle of getting nowhere with the support reps. Its like they don’t even read what is submitted. I’ve sent the brand, GS1 certificates, Product photos, manufacturer info - everything they ask for multiple times. Very frustrating.
Any ideas?
The problem will be rectified when you send in full documentation of the product to the company.
How to solve the problem?The problem is that the SKU does not match any ASIN and contains invalid values or attributes required for creation of a new ASIN.
To this regard also, keep on sending and reminding the sales REP
Based on this, you will receive a message acknowledging the error about adding your product.
An approval for replacement will be granted and a request to list the products.
In conclusion, you will be requested to list the GTIN UPCs rom GSI again for validation on the Amazon site.
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Which of the following describes an estate for an unknown period of time, with either party permitted to terminate the lease by giving notice to the other?
A. Estate at will
B. Estate for years
C. Leasehold estate
D. Life estate
The option that describes an estate for an unknown period of time, with either party permitted to terminate the lease by giving notice to the other is Estate at will. option A is correct
What is Lease?A contractual arrangement under which one party agrees to rent an asset or property of any kind owned by another party are outlined in a lease contract.
It ensures that the tenant, also known as the lessee, will have access to the property and, in return, will make monthly payments to the lessor (the landlord or owner of the property). If either party violates the contract's conditions, there will be repercussions for both the lessee and the lessor. A type of incorporeal right is a lease.
Thus option that describes an estate for an unknown period of time to terminate is estate at will lease agreement.
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a principal may be liable for a tort committed by an agent if it was done within the scope of the agency or employment, but is not responsible for an agents frolics
It is completely appropriate and factually correct to mention that a principal may be liable for a tort committed by an agent if it was done within the scope of the agency or employment, but is not responsible for an agent's frolics. Therefore, the statement given above holds true.
A principal is held responsible for the acts committed by one or many of the agents, because there exists a vicarious liability in the principal-agent relationship. Under the scope of the vicarious liability, the agent is also responsible for the acts of the principal.
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the qurterly returns for a group of 55 mutual funds with a mean of 1.5% and a standard deviation of 5.1% can be moceled by a normal model. based on the model N(0.011, 0.056), what are the cutoff values for the
a) a highest 40% of these funds?
b)lowest 20%?
c)middle 80%?
d) higest 80%?
For the top 40% of the funds, the cutoff value is 0.025.
A continuous data distribution with a bell-shaped curve is called a normal distribution. The mean and standard deviation of the random variable with a normally distributed value is x.
The amount of standard deviations the data point deviates from the mean is shown by the standardized z-score.
Below is how the highest 40% of these monies were obtained:
Considering,
P (Z > z) = 0.40
1 - P (Z ≤ z) = 0.40
P (Z ≤ z) = 0.60
The area to the left, z = 0.25, is determined by the junction of the row and column values.
The value of z that corresponds to the probability of 0.60 in the "Standard normal table" is 0.25.
z = (x - μ) / σ
0.25 = (x - 0.011) / 0.056
0.25 * 0.056 = x - 0.011
x = 0.014 + 0.011
x = 0.025
The probability of the standard normal table, which corresponds to the top 40% of the funds, is 0.6. The cutoff value for the highest 40% of the funds is calculated by multiplying the population mean by the product of the z-value and standard deviation.
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Which of the following items would Renee complete in Phase 4 of the project life cycle if she was planning a project to organize a vacation package for a group of retirees?
a. The stakeholders tell Renee their goals for the vacation.
b. Renee resolves issues with date conflicts when making hotel reservations.
c. Renee assigns a team member to rent a charter bus.
d. Renee conducts a post-vacation survey to learn which hotels the travelers liked best.
In the Phase 4 of the project life cycle, Renee will most likely conduct a post-vacation survey to learn which hotels the travelers liked best. Therefore, the option D holds true.
A project life cycle typically consists of phases, which are divided into four different stages. These stages are mostly confined to the continuity of the project, and a phase changes at every change in the stages of the project.
The Phase 4 is the last stage, and usually refers to the post-sales or after-sales feedback and review stage for better interpretation of the health of the project.
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Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither.
-I paid $37 for a used laptop last week. This week, the same store is selling laptops for $34.
-Even though I was willing to pay up to $51 for a jersey sweater and even though the seller was willing to go as low as $45 in order to sell it, we couldn't reach a deal because the government imposed a tax of $16 on the sale of sweaters.
Neither
The following statements states about the concept of consumer surplus, producer surplus, or neither.
Consumer surplus is an economic measure of the gains that consumers receive as a result of market competition. When the price that consumers pay for a product or service is less than the price that they are willing to pay.
This is referred to as a consumer surplus. It is a measure of the additional benefit that customers obtain from paying less than they were willing to pay for something.
The space below the downward-sloping demand curve, or the amount a consumer is prepared to spend for specified quantities of an item above the actual market price of the good, is shown by a horizontal line that is drawn between the demand curve and y-axis.
The difference between how much a person is ready to pay for a certain amount of a thing and how much they may obtain by selling the good at the market price is known as the producer surplus.
The difference or excess amount is the advantage received by the producer for selling the product in the market. A producer surplus is created when market prices exceed the lowest price that producers would normally accept for their commodities. This might be related to Walras' law.
1. Neither -The statement refers to the impact of taxes on consumer and producer excess.
2. Customer surplus - The statement implies that the consumer purchased the goods for a cheaper price than he or she is prepared to pay.
3. Producer Surplus - The term implies that the producer earns more money than he or she is willing to sell.
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1) Which of the following mathematical expression is used to calculate budgeted variable overhead cost rate per output unit?
A) Budgeted output allowed per input unit × Budgeted variable overhead cost rate per input unit
B) Budgeted input allowed per output unit ÷ Budgeted variable overhead cost rate per input unit
C) Budgeted output allowed per input unit ÷ Budgeted variable overhead cost rate per input unit
D) Budgeted input allowed per output unit × Budgeted variable overhead cost rate per input unit
D) Budgeted input allowed per output unit × Budgeted variable overhead cost rate per input unit
Budgeted input allowed per output unit × Budgeted variable overhead cost rate per input unit.
budgetA budget is an estimate of revenue and costs for a given period of time that is generally created and re-evaluated on a regular basis. Budgets may be created for an individual, a group of individuals, a company, a government, or almost anything else that generates and spends money.
A cash budget is a thorough plan that shows how cash will be collected and utilized. After the cash budget is produced, the budgeted income statement and finally the budgeted balance sheet may be prepared. A budget (from the ancient French word for purse) is a quantifiable financial plan for the next accounting period. A budget is a key concept in microeconomics, which use a budget line to represent the trade-offs between two options.
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