Cost accounting refers to the process of recording, classifying, summarizing, allocating, and analyzing the different alternative measures to control costs. Its purpose is to guide the management on how to control costs effectively and maximize productivity. It provides detailed information on the costs that need to be focused on and finds out an alternative course of action to control the costs in the future.
Types of Cost Accounting:
• It is a method of alternating the estimated cost with an actual cost and showing the periodic variances of the estimated cost with its actual costs.
Standard cost accounting:
• Activity-based costing: It is a method of identifying the activities performed by a company and allocating the indirect costs to the products and services based on the actual consumption by each product or service.
• Resource consumption accounting: It is a management theory that explains the comprehensive management accounting approach which helps the management to make decisions for the company’s overall growth.
• Throughput accounting: It is an accounting approach that helps the management to make decisions for the company’s profitability growth.
• Life Cycle Costing: It is a measure used to analyze the pending and future costs and find out alternative measures that would have a positive impact on such costs. It compares the initial investment possibilities and evaluates the least-cost courses of action for a period of twenty years.
• Environmental Accounting: It is an accounting that identifies the use of natural resources, analyzes the costs associated with it and its impact on the environment, and provides detailed cost information with alternative courses of action.
• Target Costing: It is an accounting method to evaluate the cost of a product’s life cycle which would be effective, functional, qualitative, and able to generate expected profit.
Cost plus pricing: Cost plus pricing is a method in which the selling price is calculated by adding direct materials, direct labor, and manufacturing overhead for a product and then adding specific markup cost to a product unit cost. It is otherwise called value-based pricing.
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when a negotiator is inexperienced or feels intimidated by the other side, he/she/they tends to group of answer choices a. over-compromise b. under-compromise
c. be quiet d. be forceful
when a negotiator is inexperienced or feels intimidated by the other side, he/she/they tends to over-compromise.
Lieutenant Danny Roman, a top hostage negotiator for the Chicago Police Department's east precinct, is told by his partner, Nate Roenick, that according to an informant whom he refuses to name, members of their own unit are embezzling large amounts of money from the department's disability fund, for which Roman is a board member. Nate informs Roman that he believes Internal Affairs may also be involved, which is why his informant hasn't informed them. Before Roman can speak to Nate, he discovers him dead in his car with a gunshot wound to the head and the glass shattered. A squad car is on the scene in a matter of seconds, with Roman being treated as a prime suspect.
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FILL IN THE BLANK. Nintendo, producer of the Wii video game console, might define its competitors as other makers of physically interactive video games. But from a(n) ______ ... point of view, it would include all firms making physically interactive recreational products. industry market segment niche interdependent
Nintendo, producer of the Wii video game console, might define its competitors as other makers of physically interactive video games. But from a market point of view, it would include all firms making physically interactive recreational products.
A worldwide Japanese video game corporation with its headquarters in Kyoto is called Nintendo Co., Ltd. It creates video gaming systems and video games. Handcraftsman Fusajiro Yamauchi created Nintendo in 1889 as Nintendo Karuta, which initially produced handcrafted hanafuda playing cards. Each and every one of our workers has nurtured three fundamental elements of the Nintendo DNA:
Uniqueness- In order to provide our customers with the customary Nintendo experiences with distinctive and unexpected products, our mission is to constantly redefine entertainment.
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create a 2d array stocktrends that captures the following table. each row represents a company's stock price, and each column represents the opening and closing price for a given day.
The function for the stock trends is explained below.
What is the definition of Stock?
In general terms, stock refers a general term used to describe the ownership certificates of any company.
Here have to create a 2d array stock trends that captures the following table and each row represents a company's stock price, and each column represents the opening and closing price for a given day.
As we have given that, the table that defines each row represents a company's stock price, and each column represents the opening and closing price for a given day.
Based on these details we have write the function for StockTrend as,
function StockTrends = Create2DArray( )
StockTrends = [ [ 112.54 , 114.5 ]; [ 100.31 , 98.72 ]; [ 88.42 , 86.01 ]; ]
end
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your friend asks what you are studying and you tell them neoclassical policies in a macroeconomy which of the following statements would explain neoclassical economic policy the best to your friend
Whilst the economic system is experiencing a recession, the neoclassical economist might assist that no purposeful fiscal or financial policy be applied as it'd simplest purpose an growth in inflation.
The forces of deliver and demand create marketplace equilibrium. In evaluation to Keynesian economics, the neoclassical faculty states that financial savings decide investment. It concludes that equilibrium in the market and boom at full employment ought to be the number one financial priorities of government.
Neoclassical economists accept as true with that the economic system will rebound out of a recession or in the end agreement in the course of a diffusion because costs and salary fees are flexible and could modify both upward or downward to restore the financial system to its capability GDP.
Neoclassical economics emphasizes equilibria, that are the solutions of agent maximization problems. Regularities in economies are defined through methodological individualism, the placement that monetary phenomena can be explained by using aggregating over the behavior of marketers. The emphasis is on microeconomics.
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Though it stated first as a limousine service and became a ride-sharing service, Uber recently redefined its business with the addition of Uber Rush and UberEats, and now considers itself to be in which of these?
Uber recently redefining its business with the addition of Uber Rush and Uber Eats, now considers itself a logistics business.
Logistics? Please explain.The term "logistics" refers to the process of organizing and moving resources, including people, goods, inventories, and equipment, from one area to storage at the desired location. The movement of supplies and equipment to troops in the field is what the word logistics originally meant in the military.
How do logistics play a part?In order to transfer goods from the place of production or factory to the consumer swiftly and on time, numerous systems have been put in place. The tasks of logistics include transportation/delivery, storage, packing, cargo handling, distribution processing, and information processing.
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expenses that arise from normal business activities such as rent expense and utilities expense, are called expenses.
Operating expenses are those incurred as a result of regular business operations, such paying rent and utilities.
An expense incurred by a business as part of ongoing operations is known as an operating expense. Operating costs, also known as OPEX, include rent, furniture, inventory costs, marketing, payroll, insurance, step costs, and money set aside for R&D.
Making decisions about how to cut operating costs without materially hurting a company's capacity to compete with rivals is one of the regular tasks that management must deal with.
Most businesses must incur operating costs because they cannot be avoided. Some companies are successful in lowering operating costs to acquire a competitive edge and boost profits. The integrity and Operating expenses excellence of operations may be jeopardized by cutting operating costs, though. Finding the ideal balance can be challenging, but doing so can have a big impact.
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To take a quick look at all past-due bills, you should follow these steps:In summary, to take a quick look at all past-due bills, you can either click on the orange "Past Due" section in the Expenses Center, create a Transaction List by Vendor report, check the balance in the accounts payable, or choose "New > Vendors > Pay Bills" in your accounting software.
These steps will help you identify and manage any bills that are overdue.
1. Click on the Expenses Center in your accounting software.
2. Look for the orange "Past Due" section on the Money Bar and click on it. This will filter the expenses and show you only the past-due bills.
3. Review the list of past-due bills that appears. This will give you an overview of all the bills that are overdue and need attention.
Another option that can help you identify past-due bills is to create a Transaction List by Vendor report. Here's how you can do it:
1. Access the reporting section of your accounting software.
2. Look for the option to create a Transaction List by Vendor report.
3. Select the date range you want to review, which should include the present day to capture any past-due bills.
4. Generate the report, and it will provide you with a list of all transactions related to each vendor, including any past-due bills.
Creating a chart of accounts and checking the balance in the accounts payable can also help you identify past-due bills. Here's what you can do:
1. Access the chart of accounts in your accounting software.
2. Locate the accounts payable account and check its balance. If the balance is higher than zero, it means there are outstanding bills that need to be paid.
Lastly, choosing "New > Vendors > Pay Bills" in your accounting software can also be a way to review and pay past-due bills. This option usually allows you to see a list of outstanding bills and select the ones you want to pay.
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Widmer Company had gross wages of $240,000 during the week ended June 17. The amount of wages subject to social security tax was $240,000, while the amount of wages subject to federal and state unemployment taxes was $35,000. Tax rates are as follows: Social security 6.0% Medicare 1.5% State unemployment 5.4% Federal unemployment 0.8% The total amount withheld from employee wages for federal taxes was $48,000. Required: A. Journalize the entry to record the payroll for the week of June 17.* Refer to the Chart of Accounts for exact wording of account titles. B. Journalize the entry to record the payroll tax expense incurred for the week of June 17.* * Refer to the Chart of Accounts for exact wording of account titles.
A. Journalize the journal entry to record the payroll for the week of June 17 of Company
Payroll Journal Entries
Account Title Dr $ Cr $
Wages Expense 240,000
Federal Income Tax Payable 48,000
FICA Tax Payable 14,400
Medicare Tax Payable 3,600
Wages Payable 174,000
B. Payroll Expenses
Account Title Dr $ Cr $
Payroll Expenses 20,170
FICA Tax Payable 14,400
Medicare Tax Payable 3,600
FUTA Payable 280
SUTA Payable 1,890
A journal entry is used to report a business transaction within the accounting data of a commercial enterprise. A magazine entry is usually recorded in the popular ledger; as a substitute, it may be recorded in a subsidiary ledger that is then summarized and rolled forward into the overall ledger.
Journal entries are how you report financial transactions. To make a journal entry, you input information of a transaction into your organisation's books. in the 2d step of the accounting cycle, your magazine entries get positioned into the general ledger.
A complete journal entry is manufactured from 6 elements: a reference number, date, account phase, debits, credit, and a journal rationalization. you can record those journal entries into either a standard magazine or a unique journal. There are three foremost forms of magazine entries: compound, adjusting, and reversing.
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Companies invest in expansion projects with the expectation of increasing the earnings of its business.
Consider the case of Garida Co.:
Garida Co. is considering an investment that will have the following sales, variable costs, and fixed operating costs:
Year 1
Year 2
Year 3
Year 4
Unit sales 3,500 4,000 4,200 4,250
Sales price $38.50 $39.88 $40.15 $41.55
Variable cost per unit $22.34 $22.85 $23.67 $23.87
Fixed operating costs $37,000 $37,500 $38,120 $39,560
This project will require an investment of $25,000 in new equipment. Under the new tax law, the equipment is eligible for 100% bonus deprecation at t = 0, so it will be fully depreciated at the time of purchase. The equipment will have no salvage value at the end of the project’s four-year life. Garida pays a constant tax rate of 25%, and it has a weighted average cost of capital (WACC) of 11%. Determine what the project’s net present value (NPV) would be under the new tax law.
Determine what the project’s net present value (NPV) would be under the new tax law.
$47,736
$54,896
$38,189
$57,283
Now determine what the project’s NPV would be when using straight-line depreciation $------------------------
Using the------------- depreciation method will result in the highest NPV for the project.
No other firm would take on this project if Garida turns it down. How much should Garida reduce the NPV of this project if it discovered that this project would reduce one of its division’s net after-tax cash flows by $300 for each year of the four-year project?
$1,024
$931
$791
$559
Garida spent $2,750 on a marketing study to estimate the number of units that it can sell each year. What should Garida do to take this information into account?
A) Increase the amount of the initial investment by $2,750.
B) The company does not need to do anything with the cost of the marketing study because the marketing study is a sunk cost.
C) Increase the NPV of the project $2,750.
The NPV of Garida Company using accelerated depreciation is $ 17,196.
Garida should reduce the project's NPV by $1,861 ($600 x 3.1024).
What exactly is NPV?The term net present value (NPV) refers to the current value of a future stream of payments from a business, project, or investment. To calculate NPV, you need to estimate the timing and amount of future cash flows and pick a discount rate equal to the minimum acceptable rate of return.
What exactly is accelerated depreciation?Accelerated depreciation is the faster depreciation of fixed assets early in their useful lives. This type of depreciation reduces taxable income early in the life of an asset, deferring tax liabilities to later periods.
The NPV of Garida Company using accelerated depreciation is $ 17,196.
Please see table 1.
Using straight-line depreciation, the NPV is: $ 16,940U
The accelerated depreciation method yields the highest NPV.
The company is not required to do anything with the cost of the marketing study because it is a sunk cost.
Garida should reduce the project's NPV by $1,861 ($600 x 3.1024).
Please see table 2 for more information.
The NPV of Garida Company using accelerated depreciation is $
17,196.
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a number of factors influence the sample size for a substantive test of details of an account balance. all other factors being equal, which of the following would lead to a larger sample size?
A smaller amount of tolerable misstatement.
Tolerability refers to the diploma to which overt unfavourable consequences of a drug may be tolerated with the aid of a patient.[1] Tolerability of a specific drug can be discussed in a popular feel, or it can be a quantifiable measurement as a part of a clinical have a look at. commonly, it is measured by using the price of "dropouts", or sufferers that forfeit participation in a look at due to intense unfavorable effects. Tolerability, however, is often relative to the severity of the clinical circumstance a drug is designed to deal with.[1] as an instance, most cancers sufferers may additionally tolerate large ache or soreness all through a chemotherapeutic examine with the hope of prolonging survival or locating a therapy, while sufferers experiencing a benign situation, along with a headache, are less probable to.
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Jose deposits $2,100.00 into a savings account at her credit union. The annual compound interest rate is 1.5%. How much money will Jose have after 20 years?
Like other business messages, reports can range from informal to formal depending on their purpose, audience, and setting. Which of the following contributes to an informal writing style? Check all that apply.
First-person pronouns
Shorter sentences
Emphasis on active-voice verbs
Conversational language
Option a is correct. The terms that contribute to an informal writing style is first-person pronouns, shorter sentences, emphasis on active-voice verbs and Conversational language.
Informal interaction amongst coworkers is known as informal communication.
It is informal in character and is based on the social bonds that establish between coworkers away from the traditional company structure.
Informal communication, also referred to as grapevine communication, helps people build social connections with one another.
It encourages morals as well as cooperation, integrity, and solidarity among them.
Grapevine communication is slower than informal communication.
In writing, the term "informal style" describes speech or writing that stands out for its easygoing, everyday, and frequently colloquial use of language.
In comparison to a formal writing style, informal writing is typically more direct and makes greater use of contractions, abbreviations, short sentences, and ellipses.
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Atlas Company provided the following information for last year: Operating income $ 92,000 Sales 235,000 Beginning operating assets 410,000 Ending operating assets 440,000 Calculate Atlas's margin for last year. (Note: Round answer to two decimal places.) 0.50 2.15 0.26 0.39 Atlas Company provided the following information for last year: Operating income $ 92,000 Sales 228,000 Beginning operating assets 410,000 Ending operating assets 440,000 Calculate Atlas's turnover ratio for last year. (Note: Round answer to two decimal places.) 0.54 2.15 0.32 0.46 Murray Corporation reports the following data for one of its products: Process Time 4.0 days Queue Time 6.0 days Inspection Time 0.8 days Move Time 0.4 days Wait Time 10 days What is the Manufacturing Cycle Efficiency (MCE) for Murray Corp? 0.36 0.48 0.31 0.19
Atlas margin for last year is 0.39.
The quick ratio is 1.10
How to calculate the margin?Atlas margin for last year will be:
= operating income / sales
= 92000/235000
= 0.39
The local managers in a decentralized company can make better decision using local information.
The quick ratio will be:
= cash + accounts recievables + marketable securities/current liabilities
=36000 + 12000 + 40000/80000
= 1.10
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the combination of two corporations that results in the dissolution of both corporations and the emergence of a new corporation is a .
The dissolution of 2 business entities and the emergence of a merger of 2 new businesses is referred to as consolidation.
What is consolidation?Business consolidation is defined as an act of unification of corporations through the dissolution or formation of a new one. The new company will later take over all the rights and obligations of each company that has been merged. Consolidation can be applied to limited liability companies, cooperatives, UD, PD, CV, and firms.
The purpose of consolidation is :
To save the company's assetsStrengthen the company by joining other companiesEstablish and strengthen market shareRenew the company's performance to make it more profitableReducing the level of business competition riskProviding guarantees of supply, sales, and distributionProduct diversification of goods or servicesLearn more about the difference between merger and acquisition here :
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you are trying to determine the intrinsic value of firm a using the free cash flow method. the free cash flow of the company today is at $1000 and you
As per the free cash flow, if the the free cash flow of the company today is at $1000, then forecasted terminal value of firm A is $35,828
The term free cash flow is calculated as the cash a company generates after taking into consideration cash outflows that support its operations and maintain its capital assets.
Here we have given that you are trying to determine the intrinsic value of firm a using the free cash flow method. the free cash flow of the company today is at $1000.
And we need to find forecasted terminal value of firm A
While we looking into the given question, we have given that the free cash flow of the company is $1000.
=> g = 6%
=> WACC = 11%
Now, by using these inputs to solve for the terminal value is calculated as,
=> Terminal value = [1690 x (1+0.06)]/0.11 - 0.06
=> Terminal value = [1690 x 1.06]/0.05
=> Terminal value = 1791.4/0.05
=> Terminal value = 35828.
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The M1 money supply
a. is composed of assets that reflect the medium of exchange function of money.
b. is larger than the M2 money supply.
c. includes credit card balances since they are used to purchase things.
d. is composed of only currency.
a
The M1 money supply is made up of which of the following possibilities is listed below.
Which of the next choices is true?The assets that make up the M1 money supply represent the role that money plays as a medium of trade.
The money supply is what?The entire amount of money owned by the public at a specific time is referred to as the money supply in macroeconomics. There are many ways to define "money," but common measurements often include circulation-level money and demand deposits. M1 is the term used to describe the money supply, which is made up of cash, demand deposits, and other liquid deposits, such as savings accounts.
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Effective leadership can only be done through one-on-one personal contact between the manager and salesperson. T/F
True Personal one-on-one interactions between a manager and a salesperson are the only way to practice effective leadership.
In leadership, what is the two-way relationship?This is the fundamental component of management and leadership. It has nothing to do with who leads and who follows. It's about working together, adhering to a single, larger goal, and giving each other power. It is built on trust and a clear understanding of responsibilities.
What is administration in cooperation?To put it succinctly, the study of the specific interactional processes by which leadership is carried out at the micro level of interaction is referred to as leadership in interaction. The purpose of this study is to improve comprehension of the day-to-day practices that constitute leadership.
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Many companies have entire departments that are devoted entirely to corporate social responsibility.
True
False
xplain the role that chartered european monopoly companies (such as the british east india company) in facilitating the global circulation of goods.
The new global circulation of goods was facilitated by royal chartered European monopoly companies that took silver from Spanish colonies in the Americas in order to buy Asian goods for the Atlantic markets.
Monopoly offers a merit over others: a long, wonderful, and aggressive recreation. Monopoly is the most popular board games in the global. Its gadget of hire, buildings, mortgages, and auctions reflects the capitalist financial system.
Monopoly is a traditional, easy-to-play board sport that can be enjoyed through to 8 players. keep away from going insolvent, and emerge as the wealthiest participant gambling to win this recreation.
A monopoly is described as an unmarried seller or producer that excludes competition from providing an identical product. A monopoly can dictate fee adjustments and creates limitations for competitors to go into the market.
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FILL IN THE BLANK. A long-term committed partnership correlates with health and happiness throughout adulthood and late adulthood. For most people, then, _____ is the crucial aspect of love in a partnership.
In a long term committed partnership, for most people then, Commitment is the crucial aspect of love in a partnership.
What is meant by Partnership?
In economics, partnership refers a kind of business where a formal agreement between two or more people is made who agree to be the co-owners, distribute responsibilities for running an organization and share the income or losses that the business generates.
A long-term committed partnership correlates with health and happiness throughout adulthood and late adulthood. For most people, then, _____ is the crucial aspect of love in a partnership.
Here we need to find the suitable term for the given blank.
Here we know that in a partnership isn't just about the feelings and sentiments of affection.
And it is about responsibility, and being mindful to that dedication paying little heed to what the outside factors of the time are. It's about the responsibility regarding picking choices that will serve the relationship.
Therefore, "Commitment" is the crucial aspect of love in a partnership.
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nate collected social security payments of $220 a month in year 1. if the price index rose from 90 to 108 between year 1 and year 2, then his social security payments for year 2 should have been
In Year 1, Nate received Social Security benefits of $220 per month. He should have received $264 in Social Security benefits for Year 2 if the price index increased from 90 to 108 between Year 1 and Year 2.
Social security is the protection that a society offers to individuals and households to assure access to health care and to ensure financial stability, notably in circumstances of old age, unemployment, sickness, invalidity, job injury, maternity, or loss of a breadwinner.
Social security, any legal steps to protect an individual's or family's income or to provide income when some or all sources of income are interrupted, eliminated, or when extraordinarily high expenses must be made.
Thus, social security may offer monetary benefits to people who are ill or disabled, jobless, experiencing crop failure, losing their spouse, going through pregnancy, taking care of small children, or retiring from employment.
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The four dimensions of brand experience are listed below. Which of the following dimensions corresponds to an emotional brand experience?
a. Sensory dimension.
b. Affective dimension.
c. Behavioural dimension.
d. Cognitive dimension
e. None of these.
Sensory dimension corresponds to an emotional brand experience.
What does sensory dimension mean?A method called Perceived Sensory Dimensions (PSDs) identifies eight various cultural ecosystem functions. They are matched to various human requirements (such as rest, exercise, socializing, enjoyment, or security), promoting recovery and overall health and wellbeing.
What does a brand dimension entail?Brand Competence, Brand Sincerity, Brand Excitement, Brand Sophistication, and Brand Toughness are the five main facets of a brand's personality. To reflect their brand personality and streamline their brand storytelling process, many brands decide to adopt a brand character.
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A firm increases its financial leverage when its ROA is greater than the cost of debt. Everything else equal, this change will probably increase the firm's: I. Beta II. Earnings variability over the business cycle III. ROE IV. Stock price
A. I and II only
B.III and IV only
C.I, III, and IV only
D.I, II, and III only
A firm increase its financial leverage when its ROA is greater than the cost of debt. Everything else equal, this change will probably increase the firms in D) I, II, and III only.
Whilst human beings take out a loan to purchase an asset or with the hopes of developing their cash inside the destiny, they are the use of leverage. as an example, if you take out a loan to invest in an aspect enterprise, the investment you pour into your facet business facilitates you earn extra money than in case you didn't pursue your undertaking in any respect.
Leverage is the capability to persuade a system or surroundings, in a manner that multiplies your efforts. higher said it's far investing the proper amount of effort, thru the right channel, to yield greater returns in your enterprise. For small agencies, there's no extra leverage than your humans.
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the net income for whispering winds corp. for 2022 was $309,500. for 2022, depreciation on plant assets was $71,300, and the company incurred a loss on disposal of plant assets of $27.100. compute net cash provided by operating activities under the indirect method, assuming there were no other changes in the company's accounts.
Calculation of operating-related net cash flow:
Total revenue: $282,500
Non-cash or non-operating item adjustments:
Add: $65,400 in depreciation on plant assets
Include: $27,600 in loss on sale of plant assets
Operating activities' net cash flow: $375,500
1. Depreciation must be added back because it is a non-cash expense.
2. The loss on asset disposal is added back because it is a non-operating item.
The cash flow statement contains a wealth of information regarding a company's financial health and stability. It offers a window into the flow of cash and cash equivalents into and out of a company for management, analysts, and investors.
Cash Flow aids in evaluating how effectively (or ineffectively) a business can handle its cash and settle its debts. Although the cash flow statement has three primary components, this article only discusses the cash flow from operating operations.
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[two words] is when a buyer asks or receives something of value that influences their purchasing decisions. the offering of gifts and entertainment can sometimes be considered this. buyers should make their decision solely on the basis of the vendor's performance and what is best for the retailer.
Commercial bribery is when a buyer asks or receives something of value that influences their purchasing decisions. the offering of gifts and entertainment can sometimes be considered this. Buyers should make their decision solely on the basis of the vendor's performance and what is best for the retailer.
An employee may be charged with commercial bribery if he agrees to give a contract or tender, or purchase goods or services from the company in exchange for personal benefits and affect the results of his work. Bribery can take the form of kickbacks or bribes. Bribery is a crime under Florida law and is prosecuted in federal court under the mail and wire fraud statute.
One can be found guilty of bribery for declaring oneself as an honest agent when one has requested or accepted benefits that affect the selection of the department companies or products. It is important for officials to be charged with federal mail and wire fraud, conspiracy, and tax evasion, in cases involving bribery in federal court.
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Which of the following is the best example of an economic approach to reduce overfishing for a fish species with a declining population?
The federal government sets a catch limit (per person or per boat) for the species and imposes a tax on any extra fish that are caught.
The federal government sets a catch limit (per person or per boat) for the species and imposes a tax on any extra fish that are caught is the best example of an economic approach to reduce overfishing for a fish species with a declining population
The economic approach to the PPI starts at the establishment level rather than at the industry level. According to the CPI theory, an establishment is the PPI equivalent of a family. An establishment is a business that carries out production or other productive activity in a particular area of the nation and is able to provide basic accounting data on the costs and quantities of the outputs it generates.
Annual catch restrictions and catch level monitoring assist minimize the risk of overfishing and guarantee the long-term biological and economic sustainability of American fisheries. A catch limit is determined annually through a multistep process.
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which of the following is different in a flexible budget compared to the master budget for a period? A.Budgeted fixed administrative costs. B.Variable cost per unit. C.Sales volume D.Budgeted fixed cost. E.Selling price per unit.
According to the actual output during the budget period, a flexible budget determines the budgeted revenue and costs. The unchanging budget is the sole difference.
What distinguishes a master budget from a flexible budget?A master budget accounts for one level of production volume and is unchanging. Contrarily, a flexible budget distinguishes between fixed and variable costs and is flexible enough to change in response to various production outcomes.
What distinguishes flexible spending plans from the master budget quizlet?A master budget is based on a single level of production, while a flexible budget can be created for any level of production that falls within a relevant range. This is the main distinction between the two budget types. The flexible budget line's slope is the unit-variable cost.
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The demand curve and marginal revenue curves for a typical monopoly are drawn as perfectly elastic.
The demand curve and marginal revenue curves for perfect competition are also drawn as perfectly elastic.
true
false
The demand curve and marginal revenue curves for perfect competition are also drawn as perfectly elastic.A monopoly's demand curve has the characteristics as the market demand curve. The correct option is True.
The relationship between the cost of a good or service and the quantity demanded over a specific period of time is represented graphically by the demand curve. In a typical illustration, the charge will be shown on the left vertical axis and the requested amount.
Which indicates that when the price of a commodity decreases, so does consumer demand.Although it might appear straightforward, the demand curve's shape has a number of significant ramifications for monopolistic competitive markets.The downward slope of the demand curve contributes.
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the multiplier effect is exemplified by the multiplied impact on group of answer choices aggregate demand of a given increase in government purchases. investment of a given increase in interest rates. tax revenues of a given increase in government purchases. the money supply of a given increase in government purchases.
The multiplier effect indicates that associate injection of latest disbursement (exports, government disbursement or investment) will cause a bigger increase in final value (GDP).
This can be as a result of a proportion of the injection of latest disbursement can itself be spent, making financial gain for alternative corporations and people. The multiplier effect refers to any changes in client disbursement that result from any real GDP growth or contraction caused by the utilization of economic policy.
Once government will increase its disbursement, it stimulates mixture demand, and causes some real GDP growth. That growth creates jobs, and additional employees earn financial gain. When associate initial modification in disbursement ends up in a proportionately larger modification in value.
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What is a strategic plan?
A. The analysis, decisions, and actions an organization makes to
meet its goals
B. The purpose, vision, mission, and values of an organization
C. The process of analyzing a firms operating conditions on goals to
be met
D. The decisions a company makes to make itself profitable
The process of determining an organization's course of action is known as strategic planning. It identifies how an organization will allocate resources to achieve a desired future state while positioning itself for industry competition.
How does strategic planning work?The leaders of an organization go through a process called strategic planning in which they determine the goals and objectives of their organization as well as their vision for the future. In order for the organization to realize its stated vision, the procedure includes establishing the order in which those goals should be accomplished.
What is a smart course of action?Planning strategically. a long-term procedure that assists an organization in allocating its resources in order to take advantage of market opportunities. The Process of Strategic Planning includes doing a situation analysis and making the mission, goals, value proposition, and strategies for the company.
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to compute interest cost, a firm would multiply the discount rate by the multiple choice question. beginning projected benefit obligation. beginning plan assets. prior year's service cost. prior year's employer contribution.
A business organization's change in benefit obligation is referred to as a prior service cost. The organization's past service costs should be recorded in straight lines.
Until the benefit obligation becomes a vested benefit obligation, it should be expensed.
Is the cost of past service amortized?Amounting an equal amount to each future period of service of each employee who is expected to receive benefits under the plan on the date of the amendment should be used to amortize prior service costs.
How is amortization of prior service costs calculated?Amortization of Costs of Prior Service The amount that must be amortized is calculated by deducting an equal amount from the costs of each employee who is anticipated to receive benefits for each future period of service.
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