Based on the provided information, the internal monthly magazine and blog at the cosmetics form Mary Kay serve as non-financial rewards for employees. (Option A)
Non-financial rewards or incentives refer to the form of rewards that are not a part of an employee’s pay. It is the type of reward for performance which cannot be measured in terms of money. Generally, the cost associated with such rewards for the company is little to none, however, they carry significant weight. In a work environment, research has shown that all the needs of employees are not satisfied by money only and psychological, social, and emotional factors also play an important role in providing motivation at workplace. Non-financial rewards are effective ways to boost overall morale and encourage commitment which translates to higher productivity. Examples of non-financial rewards include extra days off, flexible working hours, gym memberships, and as in this case public recognition of salespeople’s accomplishments.
Note: The question is incomplete. The complete question probably is: The internal monthly magazine and blog at the cosmetics form Mary Kay serve as __________ for employees; the magazine and blog are outlets for not only selling advice but also company-wide recognition of individual salespeople's accomplishments. A) nonfinancial rewards B) financial rewards C) bonuses D) salary increases E) commissions.
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1. If a local union went on strike and won an agreement to raise hourly wages from $15.00 per hour to $25 per hour and if they also added generous health and retirement benefits, then this would only cause the Marginal Cost Curve to shift up and no other short-run cost curve would be affected.
True or False
The marginal cost curve would rise or fall depending on whether a local union went on strike and won a contract raising hourly pay from $15.00 to $25.00 per hour and including significant health and retirement benefits. There will be an impact on other short-run cost curves. This assertion is false.
The cost of manufacturing influences all other curves as salaries and other perks rise. In contrast, if manufacturing costs rise, less will be provided at a given price. In order to offer a product at a given price, manufacturers will need to produce less as a result of higher expenses.
Lower production costs mean more profits at a given price, which encourages companies to create more. The supply curve will shift to the right as more are produced for every price, indicating an increase in supply.
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All overseas supplier factories that pay low wages are engaging in a highly unethical social practice. Because supply chains have become heavily globalized, government regulation efforts are now more concentrated and increasingly effective.
True
False
The statement is False. All overseas supplier factories that pay low wages are engaging in a highly unethical social practice. Because supply chains have become heavily globalized, government regulation efforts are now more concentrated and increasingly effective.
In easy terms, globalization is the process by means by which people and goods pass without difficulty across borders. basically, it is a financial concept – the combination of markets, exchange, and investments with few barriers to sluggish the drift of services and products between countries.
International society is an individual country that interacts with different nations on an international scale but as an independent entity. Globalization is the mixing of worldwide cultures, economies, and politics. There are several worldwide groups that focus on worldwide health.
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When an immigrant sends a remittance from his host country to be his family in his home country, the benefits of immigration to the
Remittances are money sent by migrants to their nation of origin. They are the individual savings of employees and families, which are used to pay for food, clothes, and other expenses in the home nation.
How are remittances useful?Remittance flows are typically countercyclical, increasing during economic downturns or in the wake of a natural disaster when private capital flows are more likely to decline. They also tend to be more steady than capital flows. They frequently provide the destitute in politically unstable nations with an economic lifeline.
What is immigration?Immigration is the international movement of individuals to a country of destination where they are not natives or citizens in order to establish themselves as long-term residents or naturalized citizens. The definition of immigration or migration excludes commuters, tourists, and other short-term visitors; seasonal labor immigration is occasionally included.
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in a perpetual inventory system, which of the following statements are true? (check all that apply.) 1) the purchaser should record freight-in as a selling expense
2) the purchaser should record freight-in as an asset, inventory
3) the seller should record freight-out as a selling expense
4) the seller should record freight-out as cost of goods sold
The propositions that are true in a perpetual inventory system are as follows:
The buyer needs to list freight out as a selling expense.The buyer needs to inventory the freight-in as an asset.Perpetual inventory system, what is it?Using computerized point-of-sale systems, a perpetual inventory approach eliminates the need for physical inventory inspections by continuously logging changes to the inventory in real-time. This perpetual inventory provides users with a thorough understanding of inventory fluctuations by providing quick reporting of the amount of inventory on hand and an accurate reflection of the quantity of commodities in stock.
The perpetual inventory system is a piece of software that, rather than conducting a physical inventory, continuously estimates your inventory based on your electronic records. A physical count serves as the initial baseline, and updates are made in response to receipt of new purchases and shipment of previously shipped items.
A permanent inventory system provides real-time updates and more precise estimates, but we also need to be aware of its drawbacks, which include lost items, scan errors, theft, hacking, and other problems.
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Daniels Corporation used the following data to evaluate their current operating system. The company sells items for $18 each and had used a budgeted selling price of $19 per unit.
Actual Budgeted
Units sold 280,000 units 278,000 units
Variable costs $960,000 $886,000
Fixed costs $60,000 $51,000
What is the static-budget variance of operating income?
A. $316,000 unfavorable
B. $325,000 favorable
C. $325,000 unfavorable
D. $316,000 favorable
The correct answer is Option C. $325,000 (unfavorable).So, Static-budget variance of operating income of Daniels Corporation would be $325,000
According to the scenario, computation of the given data are as follow:-
Sales = Selling price per unit × Sold unit
Actual Sales = $18 × 280,000 = $5,040,000
Budgeted sales = $19 × 278,000 = $5,282,000
Operating income = Actual sales - Variable cost - Fixed cost
Actual operating income = $5,040,000 - $960,000 - $60,000 = $4,020,000
Budgeted operating income = $5,282,000 - $886,000 - $51,000 = $4,345,000
Static budget variance of operating income = Actual Operating Income -Budgeted Operating Income
= $4,020,000 - $4,345,000
= $325,000 (unfavourable)
Hence Static-budget variance of operating income of Daniels Corporation would be $325,000
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collects and stores a highly detailed report about every transaction for a given day a highly detailed and generated directly from the transaction processing system the level of detail or summarization appropriate for a certain level of employee regardless of report type output from an information system to facilitate decision-making
A transaction processing system is a system that stores the details of the entire transactions that took place in a day on the database of the system and can be used by the company to get the details of all the transactions that occurred during the day.
Option A is correct
Database, also referred to as electronic database, any series of facts, or records, this is mainly organized for rapid search and retrieval by means of a computer. Databases are based to facilitate the storage, retrieval, change, and deletion of facts along side numerous statistics-processing operations.
In computing, a database is an organized series of facts stored and accessed electronically. Small databases can be stored on a report device, even as big databases are hosted on laptop clusters or cloud garage.
A database is facts that is set up for clean get entry to, control and updating. pc databases normally save aggregations of data records or documents that incorporate statistics, including sales transactions, patron information, financials and product statistics.
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which of the following statements given to you by a consultant should arouse suspicion? group of answer choices the reports we made for you allow you to view the data about your customers. all the content on the web-site we made for you is stored in the database. the forms we made for you allow you to view the data about your customers. the forms we made for you allow you to enter the data about your customers. the reports we made for you allow you to enter the data about your customers.
The reports we created for you allow you to enter the information about your customers, so a consultant should raise suspicion.
What one of the following is an example of analytical data?One type of analytical information is trends (information about where the particular market is heading and if the organzation should follow the trend) Sales (information on whether an organization needs to increase sales in a given area or whether it should reduce inventories of particular products) (information about if the organization needs to pick up sales in a particular area or if it should cut back on inventory of specific products).
What do relational schemas represent?A relational schema is a design plan for databases that shows how the data will be entered and how it will be organized in tables (called relations in relational schemas).
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A company purchased equipment for $72,000 on January 1. Freight charges paid to acquire the equipment amounted to $2,000. There was also a cost of $3,000 for building a foundation for the equipment and installing the equipment. It is estimated that the equipment will have a $10,000 salvage value at the end of its 6-year useful life. The straight-line method of depreciation is used. What is the amount of accumulated depreciation at the end of the second year of using the asset and after adjusting entries have been recorded?
22,333
Cost of the equipment = $72,000 + 2,000 + 3,000 = $77,000
Depreciation per year = (Cost - salvage value)/Life in year
Depreciation per year = ($77,000 - 10,000)/6 years = $11,167 per year
Accumulated depreciation after two years = 2 x $11,667 = $22,333
The amount of accumulated depreciation at the end of the second year of using the asset and after adjusting entries have been recorded is $22,333.
Cost of the equipment = $72,000 + 2,000 + 3,000 = $77,000
Depreciation per year = (Cost - salvage value)/Life in year
Depreciation per year = ($77,000 - 10,000)/6 years = $11,167 per year
Accumulated depreciation after two years = 2 x $11,667 = $22,333
Depreciation is the method of deducting the price of a business asset over an extended period of time, rather than over the course of 365 days. There are four predominant methods of depreciation: immediately line, double declining, sum of the years' digits and devices of manufacturing.
The time period depreciation refers to an accounting technique used to allocate the value of a tangible or physical asset over its useful life. Depreciation represents how an awful lot of an asset's cost has been used. It lets in companies to earn sales from the assets they personal by way of purchasing them over a positive time period.
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A profit center generates revenue, incurs costs, and has the authority to make significant investing decisions.
TRUE OR FALSE
False, A profit center has the power to make important investment decisions and generates money.
What is an example of investing?Any method for producing potential future revenue might be referred to as an investment. Buying bonds, equities, or real estate investments are a few examples of this. A property that could be utilized to create things can also be bought and regarded as an investment.
What constitutes a wise investment choice?A good investment concept has a high chance of succeeding. An investment should have a low risk level. Investing involves volatility and occasional losses. There should be no possibility of losing the entire investment with a successful investment.
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TRUE/FALSE. companies set not a single price, but a pricing that covers different items in its line and changes over time as products move through their life cycles
Companies don't have a fixed price for everything in their range; instead, their pricing varies over time as their products go through different stages of their life cycles. True
The life cycle of a product is the time span between when it is first made accessible to consumers and when it is discontinued. The four phases of a product's life cycle are introduction, growth, maturation, and decline.
The product lifecycle is an essential tool for managers, designers, and marketers alike. It describes the four key stages of a product's life cycle and offers suggestions for developing strategies to maximize each stage and improve the product's overall commercial performance.
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all else being equal (e.g., identical firm-specific risk), a call option on a high-beta stock is worth more than a call option on a low-beta stock.
A higher beta indicates a greater overall stock volatility. As beta rises, the put option's value rises as well.
Do equities with significant volatility have high betas?Stocks with betas greater than 1.0 are considered to be more volatile than the market as a whole, while stocks with betas lower than 1.0 are considered to be less volatile than the benchmark index. As a result, stocks with larger betas tend to rise more during bull markets and fall lower during bear markets.
Is volatility the same as beta?Beta () measures a security or portfolio's volatility, or systematic risk, in relation to the market as a whole (usually the S&P 500). Generally speaking, stocks with betas greater than 1.0 are thought to be more volatile than the S&P 500.
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which one of the following tests makes the applicants perform tasks that are actually a part of the work required on the job?
Work sample tests requires an applicant to perform tasks that are actually a part of the work required on the job.
What are the advantages of a work sample test?Work sample tests are basically a broad means of acquiring critical information about candidates. They, like employment interviews, can be designed to tap into a wide range of knowledge, skills, or abilities (KSAs). Work sample exams require applicants to complete tasks or activities that are similar to those performed by employees on the job. For example, applicants for Administrative Assistant positions may be required to use a word processor to transcribe an internal note or to precisely file a stack of paperwork. Research demonstrates that work-sample tests have the highest validity when it comes to forecasting the probable job performance of applicants.
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bill smith is evaluating the performance of four large-cap equity portfolios: funds a, b, c, and d. as part of his analysis, smith computed the sharpe ratio and the treynor measure for all four funds. based on his finding, the ranks assigned to the four funds are as follows:
The correct answer is the risk-free asset and the risky portfolio combined.
The easiest method to assess this is to imagine a portfolio made up of two assets: a risky asset with a greater projected return at higher risk, and a risk-free asset with a low rate of return but no risk. Investors frequently blend hazardous assets with risk-free assets (like government bonds) when building portfolios to lower risks. The combination of a portfolio of risky assets with return Rp and a portfolio of risk-free assets with return Rf is referred to as a full portfolio. Based on these methods, Parada (2008) reexamines the issue and concludes that by combining hazardous assets, it is feasible to create a portfolio with returns comparable to those of a risk-free asset and that this new portfolio has no risk.
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Fargo Company's outstanding stock consists of 550 shares of noncumulative 5% preferred stock with a $10 par value and 4,000 shares of common stock with a $1 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends.Year Dividend Declared
2015 $20,000
2016 $6,000
2017 $32,000The amount of dividends paid to preferred and common shareholders in 2015 is:
$200 preferred; $19,800 common.
$4,000 preferred; $16,000 common.
$17,000 preferred; $3,000 common.
$10,000 preferred; $10,000 common.
$20,000 preferred; $0 common.
The amount of dividends paid to preferred and common shareholders in 2015 is $10,000 preferred; $10,000 common.
The total dividend declared for the year was $20,000. Since the preferred stock is noncumulative, the company must pay dividends each year. The preferred stockholders would receive the full 5% dividend of $10,000 (550 x $10 x 5%). The remaining $10,000 would go to the common shareholders.
Dividend refers to a reward, cash or otherwise, that a company gives to its shareholders. Dividends can be issued in various forms, such as cash payment, stocks or any other form. A company's dividend is decided by its board of directors and it requires the shareholders' approval.
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in the communication process, printing mistakes that affect the meaning of an advertisement, or using words or pictures that fail to communicate the message clearly, are referred to as multiple choice a. distortions. b. disruptions. c. clutter. d. misrepresentations. e. noise.
Option e is correct. In the communication process, printing mistakes that affect the meaning of an advertisement, or using words or pictures that fail to communicate the message clearly, are referred to as noise.
The road map to achieving effective communication is the communication process. The sharing of a shared meaning between the sender and the recipient occurs during the communication process. People that adhere to the communication process will have the chance to improve their productivity in all facets of their work. Understanding comes through good communication.
Four essential elements make up the communication process. These elements consist of encoding, transmission medium, decoding, and feedback. Two other components are involved in the process, and those two additional factors are represented by the sender and the recipient. The sender initiates contact, which concludes with the recipient. A person, group, or organization that starts the communication is known as the sender.
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consider the portion of a project depicted by this graph: what is the earliest finish time for activity 10-11 (far right-hand side) if the earliest start time of 8-10 (upper left-hand side) is 12 and the earliest start time of 9-10 (lower left-hand side) is 13? multiple choice 24 22 26 25 23
The earliest finish time for the activity 10-11(far right-hand side) is 23 if the earliest start time of activity 8-10 and activity -10 is 12 and 13 respectively. A diagram or pictorial representation that organises the depiction of data or values is known as a graph.
The relationships between two or more items are frequently represented by the points on a graph. Graphs and charts are useful visual aids because they make information accessible and quick to understand. Therefore, it is not unexpected that print and electronic media frequently use graphs. When data is displayed as a graph rather than a table, it can often be values to understand because the graph might show a pattern or comparison. Make a horizontal and vertical axis first.
(the given que is incomplete I answered this que in general according to my knowledge).
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a public good is group of answer choices any good or service that is now being provided by the local, state, or federal government. any product that provides its benefits only to the party purchasing it. a product that provides benefits equally to those who purchase the product and those who do not. a product that is produced by a government-owned business.
A public good is a product that helps everyone equally, regardless of whether they buy it or not.
- A good or service that is made available to everyone in a society is referred to as a public good in economics. Governments normally offer these services, and the associated expenses are paid for through taxes. The rule of law, national defense, and law enforcement are a few examples of public goods.
- Almost everywhere, the government has a big hand in providing things like infrastructure, education, national defense, security, and fire and environmental protection. The term "public goods" is frequently used to describe these products.
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Although ethnography can incorporate many approaches, one thing in particular sets it apart from other qualitative methods. Ethnography can be helpful because we are able to see... a. How people think they would react in a situation b. How people respond to specific questions in a group setting c. What people report their experiences to be d. What people actually do
Although ethnography can incorporate many approaches, one thing in particular sets it apart from other qualitative methods. Ethnography can be helpful because we are able to see (d) What people actually do.
Option (d) is correct.
Ethnography is a research method central to the knowledge of the world from the point of view of its social relations. It is a qualitative research method based on the diversity of culture at home (wherever that may be) and abroad.
Ethnography is a qualitative method of data collection often used in the social and behavioral sciences. Data is collected through observation and interviews, which are then used to draw conclusions about the functioning of society and individuals.
A classic example of ethnographic research would be an anthropologist who travels to an island, lives for years in a society on said island, and studies its people and culture through a process of sustained observation and participation.
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If a government uses monetary policy to alter the exchange rate, then it cannot at the same time use monetary policy to address domestic issues, such as ______________________. Group of answer choices A. unemployment or inflation B. purchases or sales of foreign currencies C. controlling currency speculators reactions to rumors D. extreme short-term fluctuations.
If a government uses monetary policy to alter the exchange rate, then it cannot at the same time use monetary policy to address domestic issues, such as unemployment or inflation. So, the correct answer is option A.
The economy's interest rates, including the lending and deposit rates that apply to families and companies, are significantly influenced by monetary policy. These interest rates then have an impact on the economy, employment, and inflation. The two main areas of Australian monetary policy are the subject of this Explainer.
The Reserve Bank, which oversees monetary policy in Australia, establishes a target for the "cash rate," the country's official interest rate. In Australia, the traditional tool for monetary policy is the cash rate. A yield goal, quantity targets for the purchase of government bonds, forward guidance, the provision of term funding to the banking sector, and other measures have occasionally been used in monetary policy.
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Marbry Corporation has provided the following information concerning a capital budgeting project:
after-tax discount rate 9% tax rate 30% expected life of the project 4 investment required in equipment $ 168,000 salvage value of equipment $ 0 annual sales $ 480,000 annual cash operating expenses $ 352,000 one-time renovation expense in year 3 $ 64,000
Sales Revenue = $480,000
Less: Cash Operating Expenses = $352,000
Less: One Time Renovation Expense = $64,000
Less: Depreciation = 168,000/4
Less: Depreciation = $42,000
Taxable Income = $22,000
Tax at 30% = 22,000 x 30%
Tax at 30% = $6,600
Hence, option d) is correct.
Your tax burden for a specific tax year is calculated using the portion of your gross income known as "taxable income."
Adjusted gross income (AGI) less allowed standard or itemized deductions can be used to broadly describe it. Taxable income includes investment income, other unearned income sources, as well as wages, salaries, bonuses, and gratuities.
Both earned and unearned income is included in taxable income. Canceled debts, government benefits (such as unemployment benefits and disability payments), strike benefits, and lottery winnings are all considered unearned income and are subject to taxation.
Earnings from appreciated assets that were sold during the year, as well as dividend and interest income, are also included in the definition of taxable income.
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The complete question is:
Marbry Corporation has provided the following information concerning a capital budgeting project:
after-tax discount rate 9% tax rate 30% expected life of the project 4 investment required in equipment $ 168,000 salvage value of equipment $ 0 annual sales $ 480,000 annual cash operating expenses $ 352,000 one-time renovation expense in year 3 $ 64,000
The company uses straight-line depreciation on all equipment. Assume cash flows occur at the end of the year except for the initial investments. The company takes income taxes into account in its capital budgeting.
The income tax expense in year 3 is:
a) $9,900
b) $1,650
c) $4,950
d) $6,600
which of the following are investment adviser conflicts of interest that must be disclosed to a client? i the adviser is a general partner in a limited partnership investment that he is recommending to his customers
The adviser is a general partner in a limited partnership investment that he is recommending to his customers are investment adviser conflicts of interest that must be disclosed to a client.
There is rarely a way for financial firms to conduct business while completely avoiding all conflicts with retail. The best interest standard is an overarching obligation that is met only if four component obligations are met: care, disclosure, conflict of interest, and compliance. Companies that provide fiduciary financial advice are known as Registered Investment Advisors (RIAs). Investment Advisor Representatives (IARs) work for RIAs and are held to a fiduciary standard. An RIA may employ a single IAR or hundreds of them.
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Suppose the world price of cotton falls substantially.
Suppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal? Choose all that apply.
A) Establishing government-run employment agencies to connect unemployed workers to job vacancies.
B) Offering recipients of unemployment insurance benefits a cash bonus if they find a new job within a specified number of weeks.
C) Improving a widely used job-search website so that it matches workers to job vacancies more effectively.
A) Establishing government-run employment agencies to connect unemployed workers to job vacancies.
B) Improving a widely used job-search website so that it matches workers to job vacancies more effectively.
Cotton prices have dropped from $1.04 per pound to $0.8706 per pound in the week finished October 13, 2022 according to the Department of Agriculture. Cotton Incorporated affirmed that many benchmark prices have moved sharpy lower.
A U.S. Department of Agriculture report noticed a shift in supply and demand. The latest USDA report featured a decrease in world production and a larger decrease in overall plant use which is down 3 million bales of cotton to 115.6 million bales.
Economist Jon Devine is quoted by Sourcing Journal "Volatility was a feature of many markets and most benchmark prices moved sharply lower over the course of the last month." Devine noticed that the September New York futures contract tumbled from levels near $1.05 per pound in early September to levels as low as 83 cents for every pound.
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You are evaluating a new product. In year 3 of your analysis, you are projecting pro forma sales of $5 million and cost of goods sold of $3 million. You will be depreciating a $1 million machine for 5 years using straight-line depreciation. Your tax rate is 35%. Finally, you expect working capital to increase from $200,000 in year 2 to $300,000 in year 3. What are your pro forma earnings for year 3? What are your pro forma free cash flows for year 3? (Answer: $1,270,000)
The pro forma earning for year 3 should be $1,170,000 and the pro forma free cash flows for year 3 is $1,270,000.
Pro forma free cash flows shows the estimated amount of cash inflows and outflows expected in a future period.
To find the pro forma cash flow, we have to determine the pro forma earnings first. The pro forma earnings can be calculated by extracting the expected total costs from the expected revenue and income tax. The pro forma earnings is:
Earnings = EBIT (1 - %tax)
Earnings = [revenue - COGS - depreciation] (1 - 35%)
Earnings = [$5,000,000 - $3,000,000 - ($1,000,000/5)] (65%)
Earnings = $1,800,000 (65%)
Earnings = $1,170,000
Hence, the pro forma free cash flow is:
FCF = Earnings + Depreciation - Net Working capital
FCF = $1,170,000 + $200,000 - [$300,000 - $200,000]
FCF = $1,270,000
The pro forma free cash flow can be recorded as:
Sales $5,000,000
COGS $3,000,000
Deprectiation $200,000
EBIT $1,800,000
Tax $630,000
Earnings $1,170,000
Depreciations $200,000
Net working capital $(100,000)
Free cash flow $1,270,000
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if box a represents businesses or firms, b the resource market, and c households, and if flow (7) represents goods and services, then flow (6) would represent
If box a represents businesses or firms, b the resource market, and c households, and if flow (7) represents goods and services, then flow (6) would represent Consumption Expenditure.
What is Consumption Expenditure?Spending by a resident household on products or services that are used to satisfy requirements or wants is referred to as household final consumption expenditure.
The market worth of all household purchases, including those of durable goods like cars, washing machines, and personal computers, is known as household final consumption expenditure. Imputed rent for owner-occupied homes is included while home acquisitions are excluded.
Given the fact that box C is Households, then flow 6 would be consumption expenditure as Households direct this towards D, which is the product market.
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studies indicate that a lack of skill transferability in the u.s. has a particularly large effect on the earnings of
The studies have indicated that a lack of skill transferability in the U.S. has a particularly large effect on the earnings of immigrants who lack English-language skills. Therefore, the option C holds true.
The language skills have become an integral part of the United States. This is mainly because English is the primarily spoken language, but there have been immigrants from all parts of the world in this country. When immigrants in the labor force have English-language skills, they have a potential for comparatively higher earnings.
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Complete question
Studies indicate that a lack of skill transferability has a particularly large effect on the earning of:
A. domestic workers with low levels of human capital
B. first-generation immigrants
C. immigrants who lack English-language skills
D. highly-educated domestic workers
say someone gave you a used bike valued at 100 as a gift. unfortunately, you were hoping for a model that sells for 300. the opportunity cost of you keeping the bike is
The opportunity cost of you keeping the bike is $100 and the remaining cost that you have to earn is $200.
The term opportunity cost refers the potential benefits that an individual, investor, or business misses out on when choosing one alternative over another.
While we looking into the given question we have identified the following details that are as follows:
Gift amount = $100
And here we also know that you were hoping for a model that sells for $300.
Here the opportunity cost refers the cost that is in your hand.
So, that is $100.
Therefore, the remaining amount that is needed for the model you have to buy is calculated as,
=> 300 - 100
=> 200
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the entry to close expense accounts includes a debit to which account: multiple choice question. income summary purchases sales returns and allowances
This is done through a journal entry debiting all revenue accounts and crediting income summary.
At the conclusion of an accounting period, all revenue and expense accounts from the income statement are moved into a temporary account called the income summary account.
The business's net profit or loss for the period is equal to the net amount placed into the income summary account. Debiting the revenue account for the whole amount of revenue recorded for the period and crediting the income summary account are the results of shifting revenue out of the income statement.
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Monte Services, Inc. is trying to establish the standard labor cost of a typical brake repair. The following data have been collected from time and motion studies conducted over the past month.
Actual time spent on the brake repair 4.0 hour
Hourly wage rate $14
Payroll taxes 12% of wage rate
Setup and downtime 5% of actual labor time
Cleanup and rest periods 31% of actual labor time
Fringe benefits 23% of wage rate
Determine the standard direct labor hours per brake repair. (Round answer to 2 decimal places, e.g. 1.25.)
Determine the standard direct labor hourly rate. (Round answer to 2 decimal places, e.g. 1.25.)
Determine the standard direct labor cost per brake repair. (Round answer to 2 decimal places, e.g. 1.25.)
If a brake repair took 4.60 hours at the standard hourly rate, what was the direct labor quantity variance? (Round answer to 2 decimal places, e.g. 1.25.)
Standard direct labour hour per brake repairs = 4+(4*51%)+(4*31%) = 7.28 Hours
Standard direct labour hourly rate = 14+(14*12%)+(14*23%) = $18.90 per hours
Standard direct labour cost per brake repairs = 7.28*18.90 = $137.59
Direct labour quantity variance = (7.28-4.60)*18.90 = $50.65 Favorable
Labour economics, or labour economics, seeks to understand the functioning and dynamics of the markets for wage labour. Labour is a commodity that is supplied through labourers, generally in trade for a wage paid with the aid of annoying companies.
The paintings carried out by means of a collection of people or by way of a specific worker is referred to as their labour. every guy must receive a honest charge for the manufactured from his labour. The unemployed can not withdraw their labour–they have no strength.
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a firm finances its activities with both debt (that costs 8%) and equity (that costs 14%). the firm can borrow additional funds at 8% if it so desires. a financial analyst at this firm argues that the firm should undertake any investment that earns a return of at least 8% because such investments will enable the firm to pay debtholders what they require, and any earnings above 8% will go to stockholders. if a firm decides to make investments based on this logic it will .
Undertake investments that it should decline.
funding is the dedication of cash to the purchase of an asset to obtain an boom in fee over a time period. investment requires a sacrifice of a few gift asset, together with time, money, or attempt. In finance, the cause of making an investment is to generate a go back from the invested asset. The return may additionally consist of a benefit (income) or a loss realized from the sale of a belongings or an investment, unrealized capital appreciation (or depreciation), or investment earnings including dividends, interest, or rental profits, or a combination of capital advantage and earnings. The go back can also consist of currency gains or losses because of modifications in the foreign currency exchange fees.
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if the income elasticity of demand for good x is negative and the cross-price elasticity of demand between good x and good y is negative, which of the following must be true of good x? group of answer choices
X is inferior good and Y's complement.
Define "lesser good"?When a good is substandard, demand declines when income rises. This good has a negative demand elasticity of income (YED).
What is meant by a good complement?An item that is utilized in conjunction with another good or service is said to be complementary. The complementary good typically has little to no value when consumed by itself. However, when combined with another product or service
Cross price elasticity: What is it?To determine whether products are "substitutes" or "complements," the idea of cross-price elasticity of demand is employed. To group goods that are probably going to compete with one another, it is also used in market definition.
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