The answer is $3,500.
Given,
On July 1, Atlantic Cruise Lines issues a $100,000, eight-month, 7% note.
Interest is payable at maturity.
Maturity date = July 1 + 8 months = March 1
Total interest incurred on maturity = Value of the note × Interest rate × time period
= [tex]100,000 * (0.07) (\frac{8}{12})[/tex]
= $4,666.67
Number of months as on December 31 = 6 months
Therefore, the amount of interest expense that the company would record in a year-end adjustment on December 31 is given by:
Interest expense = Total interest incurred on maturity × no. of months as on December 31
= $4,666.67 × [tex]\frac{6}{8}[/tex]
= $3,500
Hence, the amount of interest expense that the company would record in a year-end adjusting entry on December 31 is $3,500
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_____ provides new employees with information about company policies, salary and benefits, and parking. It also includes work rules and performance expectations. Group of answer choices Job guidance An employment lecture Employee instruction Orientation Simulation
The answer is employee orientation.
Employee orientation is the process of acquainting newly hired staff with their new environment. It offers employees with the fundamental organizational knowledge they need to feel prepared for their new team, department, and job within the firm. Employee orientation that is effective informs workers of corporate standards and expectations, handles any paperwork, and addresses any questions or concerns they may have before starting their new jobs.
Both new workers and their new bosses and colleagues benefit from a smooth transition into a new job. A new employee can begin being productive soon if expectations and obligations are properly communicated to them. A thorough and engaging orientation, as part of an efficient onboarding process, may also assist decrease new employee attrition owing to misinterpreted or unmet expectations. A clear employee orientation policy will also guarantee that all new team members receive the same training and information.
Therefore, the correct option is employee orientation.
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At a university faculty meeting, a proposal was made to increase the housing benefits for new faculty to keep pace with the high cost of housing. True or False: In the long run, this increase in housing benefits will make faculty positions more attractive than other jobs. (Hint: Consider how the indifference principle applies to this occupation in the long run.) True False
FALSE
The indifference principle states that, in the long run, if an asset is mobile, then it will be indifferent about where it is used. That is, the asset will earn the same profit no matter where it goes.
How does the indifference principle apply to this occupation in the long run?The indifference principles suggest that wages will adapt to return the labor market to equilibrium. In this instance, a rise in some non-salary advantages (such as housing benefits or health care benefits) elevates the teaching post above other professions in terms of attractiveness. On the other hand, as more people aspire to work as professors, the labor supply in this industry will grow in the long run, lowering wages. As people in those businesses (or people who would have entered them) seek employment as faculty members, the supply of labor in other industries will also decline at the same time. As a result, wages in other sectors increase.
New faculty members' salaries will keep declining until they are competitive with other occupations. The labor supply for professor posts will eventually run out because there is no longer any incentive for people to pursue careers as college teachers. Because the labor supply is no longer growing, wages are no longer falling. Despite the rise in perks, wages have moved lower at this new equilibrium, making faculty jobs just as desirable as other jobs.
At the same time, the labor pool in those other industries will shrink as workers in other enterprises (or people who would have entered them) look for jobs as professors. As a result, wages in other industries rise.
The pay of new faculty members will continue to decrease until they are comparable to those of other professions. Since there is no longer any motivation for people to pursue careers as college teachers, the labor supply for professor positions will soon run out. Wages are no longer declining since the labor supply is no longer increasing. Faculty employment are just as desirable as other jobs due to the decline in pay in this new equilibrium, despite the growth in benefits.
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Essen Inc. bought 80% of the equity capital of Heidleberg Ltd for 3,240MM. The transaction was funded by 90MM of Essen's balance sheet cash, an issuance of 1,710MM worth of Essen debt and the remainder with Essen equity. What is the consolidated long term debt?
Based on the debt of Essen and that of Heidelberg, the consolidated long-term debt is $9,183.60.
What is the long-term debt of the consolidated entity?The long-term debt will be the sum of the debt of both Essen and Heidelberg Ltd.
This is therefore:
= Essen bonds + Essen long term debt + Heidelberg long term debt
= 1,170 + 4,593.60 + 2,880
= $9,183.60
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Mike is an avid musician who opened a new music store called MP3s a few years ago. Since then Mike has become much more knowledgeable about the business and has decided to launch his own record label in order to have more control over the music that he sells in his stores. This is an example of what? Group of answer choices Administered channel Mass Merchandising Backward vertical integration Contractual channel Forward vertical integration
Mike, a dedicated musician, has launched a brand-new music store called MP3s. Mike has since gained a great deal of business expertise and made the decision to start his own record label in order to have more control over the music that he sells in his stores. Backward vertical integration is demonstrated in this situation.
Buying a company functioning earlier in the supply chain is known as "backward vertical integration." For example, a retailer would purchase a wholesaler, or a brewer might purchase a hop farm. Another excellent instance was Apple Inc. purchasing Dialog, a chip supplier, in 2018.Vertical Integration: Understanding. A good illustration of vertical integration is Netflix, Inc. Before expanding into online streaming of films and films licensed from big studios, the company began as a DVD rental company.What is backward and forward vertical integration?Integrating with upstream businesses is a form of backward integration (such as suppliers and producers). Merging with downstream businesses is forward integration (such as distributors or retailers).Learn more about Backward vertical integration brainly.com/question/15062662
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Miss Jones purchased a 7% J&J 15 municipal bond on Tuesday, March 18th in a regular way trade. How much accrued interest will she pay?
Miss Jones purchased a 7% J&J 15 municipal bond on Tuesday, March 18th in a regular way trade. The accrued interest she will pay is $12.64.
This is further explained below.
What is accrued interest?Generally, It is the interest that has accrued on a loan or other financial commitment but has not yet been paid.
In conclusion, On Tuesday, March 18, Miss Jones bought a J&J 15 municipal bond with a 7% interest rate in normal trade. She will be required to pay $12.64 in interest.
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An unfavorable labor rate variance is created when: Select one: a. actual labor hours worked exceed standard hours allowed. b. actual hours worked are less than standard hours allowed. c. actual wages paid are less than amounts that should have been paid. d. actual wages paid exceed amounts that should have been paid for the number of hours worked. e. actual units produced exceed budgeted production levels.
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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During the off season, the Rues Hotel offers a 25% discount on its rooms to attract guests. The Rues Hotel is demonstrating the _______. a. power of yield management systems b. relationship between price and quality c. use of price as a promotional tool d. advantage of markup pricing
During the off season, the Rues Hotel offers a 25% discount on its rooms to attract guests. The Rues Hotel is demonstrating the c. use of price as a promotional tool .
A sales tactic known as promotional pricing involves brands temporarily lowering the price of a good or service in order to draw potential clients and buyers. A brand can artificially raise the value of a good or service by temporarily decreasing the price and fostering a sense of scarcity.Buy one, get one free, seasonal sales promotions, discounts, and flash sales are some of the most popular promotional pricing models. You may also want to take into account multi-buys, loyalty programs, conditional offers, free delivery, or gifts depending on your individual price targets and business strategy.What is the purpose of promotional pricing?Promotional pricing is a technique for increasing consumer interest in particular goods or services that people or companies offer to the general public. This is accomplished by using a promotional price tag, which entitles a customer to full access to a good or service for less money than it would normally cost.
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When evaluating service quality, _____ refers to the knowledge and courtesy of employees and their ability to convey trust. a. assurance b. heterogeneity c. responsiveness d. tangibility
An assurance means the knowledge and courtesy of employees and their ability to convey trust.
What is an assurance?This refers to the set of systematic activities that are intended to ensure that the objectives of a project are fit for purpose.
Hence, in evaluation of service quality, its means the knowledge and courtesy of employees and their ability to convey trust.
Therefore, the Option A is correct.
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The section in the statement of cash flows for reporting the purchase of equipment for cash is: Multiple Choice This is not reported on the statement of cash flows. Schedule of noncash investing or financing activity. Operating activities. Investing activities. Financing activities.
The section in the statement of cash flows for reporting the purchase of equipment for cash is Investing activities This is further explained below.
What is Investing activities?Generally, Buying tangible assets, investing in securities, or selling securities or assets are all examples of investing activity.
In conclusion, Equipment purchases paid for in cash are included in the Investing activities part of the statement of cash flows.
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Under the _____, employees are required to notify their employers of military service obligations. Select one: a. Labor Management Relations Act b. Vietnam Era Veterans' Readjustment Assistance Act c. Rehabilitation Act d. Uniformed Services Employment and Reemployment Rights Act
Under the Uniformed Services Employment and Reemployment Rights Act, employees are required to notify their employers of military service obligations.
What is Uniformed Services Employment and Reemployment Rights Act?By defending the benefits and rights to civilian employment for veterans, members of reserve components, and even people who have been called to active duty by the President of the United States to provide Federal Response for National Emergencies, USERRA clarifies and strengthens the Veterans' Reemployment Rights (VRR) Statute.By clarifying the legislation, enhancing enforcement procedures, and extending eligibility for U.S. Department of Labor help in processing claims of noncompliance to Federal Government employees, USERRA also significantly strengthens the protection of service member rights and benefits.Know more about Uniformed Services Employment and Reemployment Rights Act https://brainly.com/question/14477415
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The use of government taxes and spending to alter macroeconomic outcomes is known as.
Fiscal policy.
The use of government taxes and spending to alter economic outcomes is known as Fiscal policy. Payments to individuals for which no current goods or services are exchanged are known as Income transfers.
When the government decreases taxes, disposable income increases. That translates to higher demand (spending) and increased production (GDP). So, the fiscal policy prescription for a sluggish economy and high unemployment is lower taxes. Spending policy is the mirror image of tax policy.
Fiscal policy refers to the use of the government budget to affect the economy. This includes government spending and levied taxes. The policy is said to be expansionary when the government spends more on budget items such as infrastructure or when taxes are lowered.
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Question 2(Multiple Choice Worth 5 points)
(01.07 MC)
Suppose you live in a country with a proportional tax system. You make $20,000 a year and pay $5,000 in taxes. Your
friend makes twice as much money as you. What amount can your friend expect to pay in taxes this year?
A. $2,500
B. $5,000
C. $10,000
D.$20,000
Answer: C. $10,000
Explanation:
Proportional tax system means you pay a certain percent of what you earn, in this case it is 25%. Therefore your friend making twice as much as you will be taxed twice as much as you, making the answer C. $10,000.
Suppose the elasticity of demand for cereal is 1. If cereal increases in price by 25 percent, the percentage decrease in quantity demanded will be
Suppose the elasticity of demand for cereal is 1. If cereal increases in price by 25 percent, the percentage decrease in quantity demanded will be 25%.
What is the elasticity of demand?The quantity sought for a good is measured according to its price elasticity of demand. Almost all goods see a decrease in quantity demanded when prices rise, however certain goods experience this decrease more than others. When a price increases by 1% while all other factors remain constant, the price elasticity provides the percentage change in the quantity required. If the elasticity is 2, a 1% increase in price results in a 2% decrease in the amount demanded. Other elasticities gauge how changes in other factors affect the quantity needed For example - the income elasticity of demand for consumer income changes.Suppose the elasticity of demand for cereal is 1. If cereal increases in price by 25 percent, the percentage decrease in quantity demanded will also be 25%.
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Unlike a sole proprietorship or a partnership, a limited liability company cannot be held liable for a loss caused by the wrongful acts of its members. Group of answer choices False True
True, the liability of participants is restricted to the quantity of their investment. LLC may be held liable for accidents or losses resulting from wrongful acts, participants are not in my opinion accountable.
Restricted companions, LLC individuals can absolutely participate in ordinary commercial enterprise operations at the same time as still taking part in limited legal responsibility. Many organizations are dependent on LLCs. for instance, Anheuser-Busch, Blockbuster, and Westinghouse are all prepared as restrained legal responsibility businesses.
The primary difference between an LLC and an employer is that an LLC is owned by one or extra individuals, and an enterprise is owned by means of its shareholders. No matter which entity you pick out, each entity provides large benefits for your commercial enterprise.
The cause of an LLC, or a confined legal responsibility organization, is to guard the business proprietor from non-public legal responsibility for the enterprise's debts. Maximum states allow citizens, people who stay outside the nation or united states of America, different LLCs, groups, pension plans, and trusts to serve as LLC owners.
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Question Content AreaDecisions to install new equipment, replace old equipment, and purchase or construct a new building are examples of a.absorption cost analysis b.capital investment analysis c.sales mix analysis d.variable cost analysis
Decisions to install new equipment, replace old equipment, and purchase or construct a new building are examples of capital investment analysis.
What do you mean by capital investment analysis?
Companies and governments can anticipate the return on a long-term investment using the budgeting tool known as capital investment analysis. Long-term investments, including fixed assets like machinery, equipment, or real estate, are evaluated using capital investment analysis.
Capital investment analysis includes project appraisal that contains choices about how a corporation can manage its fixed assets. It entails making choices on the installation of new equipment vs the replacement of outdated equipment, the purchase or construction of a new building, the acceptance or rejection of a project, etc. To be approved and funded, these long-term investments must generate a return that exceeds the cost of raising capital.
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What is the monthly payment needed to repay a $50000 loan in ten years, if the bank charges 0.8 percent per month
Answer:
man I don't got that type of money
Explanation:
im broke
A machine costing $30,000 and on which $25,000 of accumulated depreciation has been recorded was discarded as having no value. The entry to record this event would include a
On July 1, 2014, Dillman Kennels sells equipment for $66,000. The equipment originally cost $180,000 and had an estimated 5-year life and an expected salvage value of $30,000. The Accumulated Depreciation account had a balance of $105,000 on January 1, 2014, using the straight-line method. The gain or loss on disposal.
Accumulated depreciation is not recorded separately on the balance sheet. Instead, it's recorded in a contra asset account as a credit, reducing the value of fixed assets.
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Which of the following statements is false? Group of answer choices The optimal level of debt D*, balances the costs and benefits of leverage. As the debt level increases, the firm benefits from the interest tax shield (PV of interest tax shield isTc xD). (Tc= marginal corporate tax rate) If the debt level is too large firm value is reduced due to the loss of tax benefits (when interest exceeds EBIT), financial distress costs, and the agency costs of leverage. As the debt level increases, the firm faces worse incentives for management, which increase wasteful investment and perks
The correct answer should be: As the debt level increases, the firm faces worse incentives for management, which increase wasteful investment and perks, it is not always true. since increased debt provides interest obligations and place limit on managers.
Because all other statements are true. As optimal level of debt optimizes costs and benefits.
If debt becomes too large, firm value is reduced due to the mentioned reasons.
And if debt level increases, the firm benefit is T*D.
What is the Optimal Capital Structure?
An optimal capital structure is the best mix of debt and equity financing that maximizes a company's market value while minimizing its cost of capital.
Thus , we can say that all other statements are true, and the false statement is As the debt level increases, the firm faces worse incentives for management, which increase wasteful investment and perks.
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If barriers to entry are high and products are somewhat differentiated, then a.economic profit might be sustainable. b.the industry is probably monopolistically competitive. c.the industry is probably a differentiated monopsony. d.the industry is probably perfectly competitive.
If barriers to entry are high and products are somewhat differentiated, then the (A) economic profit might be sustainable.
What are barriers to entry?In economics, barriers to entry are constraints that make it difficult for a corporation to enter a specific market. They may occur spontaneously as a result of market dynamics, or they may be imposed artificially by enterprises already operating in the market or by the government.What are differentiated products?A company's product is distinguished if it is noticeably distinct from competitors' products. If the product is unique, the manufacturer can argue that it is superior. If the product is superior, the corporation can charge a higher price for it.Since there are barriers to entry but still the product has a unique image in the market then the economic profit of the firm will be sustainable in the long run.
Therefore, if barriers to entry are high and products are somewhat differentiated, then the (A) economic profit might be sustainable.
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The demand curve of a monopolistically competitive firm A) is horizontal because the firm must cut its price to sell more. B) is perfectly elastic.
The demand curve of a monopolistically competitive firm A) is horizontal because the firm must cut its price to sell more.
The demand curve of a firm that is perfectly competitive is horizontal at the market price. As a result, every unit sold will result in it receiving the same price. The difference in total revenue from selling one more unit at the constant market price is the marginal revenue that the company receives.A monopolistically competitive firm's perceived demand curve slopes downward, indicating that it sets prices and selects a mix of quantity and price.
Why is the demand curve in monopolistic competition more elastic than a monopoly?
Firm's demand curve under monopolistic competition is more elastic than under monopoly because of availability of close substitutes under monopolistic competition.
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The UCC rule that says that a merchant who offers to buy, sell, or lease goods and gives a written and signed assurance on a separate form that the offer will be held open cannot revoke the offer for the time stated or, if no time is stated, for a reasonable time is referred to as the ______
The UCC rule says that a merchant who offers to buy, sell, or lease goods and gives a written and signed assurance on a separate form that the offer will be held open cannot revoke the offer for the time stated or if no time is stated, for a reasonable time is referred to as the Firm Offer Rule.
A Firm Offer: What Is It?When goods are sold, a firm offer is deemed to have been made when a guarantee to keep the offer open has been signed and the selling merchant meets the requirements for a merchant under the Uniform Commercial Code. Customers frequently ask for a definite offer so they can be certain of their cost over a predetermined period of time. A lot of retailers also request definite offers from their suppliers. Firm offers have a number of benefits, but there is a chance that things could change and the original offer would no longer be appropriate.
For instance, you might not be able to maintain the price you initially proposed due to rising raw material costs or running out of stock.
Only the time period specified in the offer is valid for firm offers. If the offer does not include a deadline, it will be valid for a maximum of three months.
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Suppose a stock had an initial price of $74 per share, paid a dividend of $1.65 per share during the year, and had an ending share price of $83. Compute the percentage total return. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Dividend yield, capital gains yield, and total return as a percentage are, 1.98 percent, 12.16 percent, and - -8.9 percent respectively.
The computations are shown below:
1. For total return:= {(Ending share price - initial price) + Dividend} ÷ (Initial price) × 100
= {($74 - $83) + $1.65} ÷ ($83) × 100
= - $6.80 ÷ $82 × 100
= - 8.9%
2. Dividend yield:= (Dividend) ÷ (Initial price) × 100
= $1.65 ÷ $83 × 100
= 1.98%
3. For capital gain yield:= (Ending share price - initial price) ÷ (Initial price) × 100
= ($83 - $74) ÷ ($74) × 100
= $9 ÷ $82 × 100
= 12.16%
What is Annual Dividend?An annual dividend is a payment made by an insurance firm to its policyholders each year in the insurance sector. Annual dividends are most frequently given out in combination with plans that provide long-term disability insurance and permanent life insurance.
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Employees that understand how their company operates and competes can make better decisions. Therefore management can create a competitive advantage by
Employees that are aware of how their business competes and functions will make wiser decisions. Consequently, management can gain a competitive advantage by providing staff with information.
Which five competitive advantages exist?Five different kinds of competitive advantages
Cost-based benefit. The most obvious method of gaining a competitive edge is this.Benefit from a product or service that is unique.Advantage of being first.a time-based benefit.advantage based on technologyWhat are some illustrations of competitive advantages?Competitive Advantage Examples
gaining access to natural resources that are off limits to rivalshigh caliber labor.a distinct geographic area.access to innovative or exclusive technologyability to produce goods at the lowest possible cost.brand identificationlearn more about competitive advantage here https://brainly.com/question/26514848
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Consumers are more likely to perceive the value of a product to be less than its price tag indicates if the product's _______. a. demand and supply attain the state of price equilibrium b. price is set too high in their minds c. demand is inelastic d. manufacturer gains very little profit from the product
Consumers are more likely to perceive the value of a product to be less than its price tag indicates if the product's (B) price is set too high in their minds.
Consumers assume that a higher price denotes a higher quality, but they also assume that they will have to make a bigger financial investment to buy the product. As a result, perceived value is the result of the trade-off between perceived quality (i.e., gain) and perceived sacrifice (i.e., loss).Lower costs may help you win the sale if the customer feels like they are receiving a good deal. On the other side, cheap prices could imply that the item is of subpar quality.What is consumer perception of price?Price perception is influenced by how well people comprehend and interpret price information.One of the customer evaluations used to compare the level of sacrifice required to receive items and services is price perception (Zeithaml,1988).Learn more about consumer perception of price brainly.com/question/7127830
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If a sales rep earns $12 per hour plus $15 per unit sold, how much will he have earned after 20 hours and 15 units sold?.
The total amount earned by the sales rep is $465.
What is the total amount earned?The total amount earned is a function of the total hours worked and the total units sold.
Total amount earned = (pay per hour x number of hours worked) + (pay per item sold x total items sold)
($12 x 20) + ($15 x 15)
$240 + $225 = $465
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Maddux Corporation has an EBIT of $955,000 per year that is expected to continue in perpetuity. The unlevered cost of equity for the company is 16 percent and the corporate tax rate is 23 percent. The company also has a perpetual bond issue outstanding with a market value of $2.7 million. What is the value of the company
The value of the company is $5,216,937.5.
What Is EBIT?
EBIT stands for Earnings Before Interest and Taxes and is one of the last subtotals in the income statement before net income. EBIT is also sometimes referred to as operating income and is called this because it’s found by deducting all operating expenses (production and non-production costs) from sales revenue.
The calculation for EBIT is straightforward.
It is the company's EBIT x (1 - Tax rate).
A company's EBIT is calculated in the following way:
EBIT = revenues - operating expenses + non-operating income.
Now, in accordance with the statement :
Net income = EBIT(1 - tax)
Net income = $9,55,000 (1- 0.23)
Net income = $7,35,350
Value of unlevered company = Net income / cost of equity
Value of unlevered company = $7,35,350 / 0.16
Value of unlevered company = $4,595,937.5
Value of the company = $4,595,937.5+ 0.23(2,700,000)
Value of the company = $5,216,937.5 market value of firm
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The two components of the direct labor flexible budget variance are the direct labor price variance and the direct labor quantity variance. rate variance and the direct labor efficiency variance. rate variance and the direct labor standard variance. efficiency variance and the direct labor standard variance.
The two components of the direct labour flexible budget variance are the direct labour price variance and the direct labour quantity variance.
What is direct labour flexible budget?To determine how many work hours will be required to create the items listed in the production budget, the direct labour budget is used. The overall number of hours required will be determined by a more intricate direct labour budget, which will also divide this data down by labour type.
Direct labour price variance - The cost of the discrepancy between the expected and actual labour rates is measured by direct labour rate variance. The variance will be deemed unfavourable if it shows that actual labour rates were higher than anticipated labour rates.
Direct labour quantity variance - The cost of the discrepancy between the anticipated number of labour hours needed for the operations and the actual number of labour hours needed for the operations is known as the direct labour efficiency variance.
The labour quantity variance is calculated as-
The labour price variation is calculated by multiplying the actual hours worked by the actual paid rate, which is then subtracted from the standard budgeted rate.The standard rate is multiplied by the difference between the standard hours budgeted and the actual worked hours budgeted to determine the labour quantity variance.To know more about the flexible-budget variance measures, here
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Personal _______ involves deciding what makes you unique and desirable in the job market and preparing a tagline and employer-focused elevator speech.
The answer is Branding.
Branding refers to a marketing strategy that aims to promote and manage a company's, product, or brand's image.
When we add personal to branding it means that it is a practice that consists of an individual promoting their own image and skills through marketing and advertising techniques usually used to promote a brand.
In this approach, the individual aims to become a "recognized brand" himself.
The personal branding process can be undertaken as part of a professional activity or on a more personal basis.
Hence, Personal Branding involves deciding what makes you unique and desirable in the job market and preparing a tagline and employer-focused elevator speech.
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Which of the following groups of accounts have a normal debit balance? a.Liabilities and capital b.Capital and assets c.Assets and expenses d.Revenues, liabilities, and capital
Assets and expenses generally have the normal debit balance.
A debit balance is an account balance with a positive amount on the account's left side. Assets, costs, and losses are examples of accounts that often contain a debit balance.
Natural debit balances exist for assets and expenses. This implies that positive asset and cost values are debited and negative balances are credited. For example, if $2,000 cash is received, a journal entry will include a $2,000 debit to the cash account on the balance sheet, because cash is growing.
Therefore, the answer is c. Asset and expenses.
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The ______ method of valuing inventory was developed to avoid reporting inventory at an amount that is ______ than the benefits it can provide.
Answer:
The lower of cost and NRV method of valuing inventory was developed to avoid reporting inventory at an amount that is greater than the benefits it can provide.