(A) Average number in line can be expected (Lq) = 13.067
(B) No. of person expected in system = 14
(C) Average amount of time expected = 1 hour
(D) time taken to measure a person’s blood pressure = 0.33333
Average number of persons can be expected to be in the system(Wq) = 0.9333 hours
Average amount of time that a person can expect to spend in line (Ws) = 1 hour
We know the following information:
Arrival rate (lambda)=14
Service Time = 4 minutes
service rate (mu) = 60/4 =15 people per hour
a. Average Number in Line
average number in line
Lq = λ² / μ(μ−λ)
lq = 14² / 15(15-14)
Lq = 13.067
14 people in line system
Wq = Lq / λ
Wq= 13.0667 / 14
Wq = 0.9333 hours
0.93333 in 1 hour in line
Ws = Ls / λ
Ws = 14 / 14 |
Ws = 1 hour
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Use the following information to calculate the sales price of a boat under both GAAP and for internal decision purposes:
Number of boasts to be sold 500
Upstream costs $5,000,000
Direct materials per boat $50,000
Direct labor per boat $30,000
Overhead per boat $20,000
Downstream costs $2,000,000
Assume the company wants to sell each boat for 20% more than the cost to produce the boat. Which of the following would be the sales price under GAAP and for internal decision purposes?
GAAP Internal Decision
a. $120,000 $136,800
b. $136,800 $136,800
c. $120,000 $114,000
d. $136,800 $114,000
Multiple Choice
a. Option A
b. Option B
c. Option C
d. Option D
Answer: a. Option A is correct. The sales price under GAAP would be $120,000, which is 20% more than the cost to produce the boat ($50,000 + $30,000 + $20,000 = $100,000, 20% of which is $20,000).
The sales price for internal decision purposes would be $136,800, which is calculated by adding the upstream and downstream costs to the cost to produce the boat, then multiplying by 1.2 ($5,000,000 + $2,000,000 + $100,000 = $7,100,000; 1.2 x $7,100,000 = $136,800).
Upstream works include the exploration and production of crude oil and natural gas, whilst downstream refers to the processes applied after extraction through to it being delivered to the customer in whatever format required.
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Which of the following are true statements?
I. By the Law of Large Numbers, the mean of a random variable will get closer and closer to a specific value
II. The standard deviation of a random variable is never negative
III. The standard deviation of a random variable is 0 only if the random variable takes a long single value
A. I and II
B. I and III
C. II and III
D. I, II, and III
E. None of the above gives the complete set of true responses
By the law of large numbers, the mean of a random variable will approach.By the law of large numbers,the mean of a random variable will get closer and closer to a specific value.
The standard deviation of a random variable is never negative.The standard deviation of a random variable is 0 only if the random variable takes on a single unique value σ X = the standard deviation of X.If you draw random samples of size n,then as n increases, the random variable.To find the variance σ2 of a discrete probability each deviation from its expected value, square it,multiply by its probability,and add the products.To find the standard deviation σ of a probability distribution, simply take the square root of the variance σ2. Standard deviation of the sum difference of two independent random variables.Addition for any two independent random variables X and Y, if S = X + Y, the variance of S is SD^2= (X+Y)^2 .To find the standard deviation,take the square root of the variance formula SD=sqrt(SDX^2 + SDY^2) the graph of the distribution always exhibits symmetry.
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to protect against liability due to mold contamination, real estate professionals should ask sellers about leaks, flooding, and prior damage.
True. Real estate professionals should ask sellers about leaks, flooding, and prior damage in order to protect against potential liability due to mold contamination.
This is because mold can form in areas where there has been water damage, and the seller may not be aware of the presence of mold. Knowing about prior damage can help ensure that the property is inspected for mold prior to purchase or sale.
Why is it important to research before buying or selling?Buying and selling property is a serious transaction and carries significant risks. When a buyer purchases a property, he expects it to be free of any defects that may affect the value of the property. Sellers also have a duty to report any defects that may affect the value of the property. That is why it is important that real estate professionals perform a pre-purchase or sale inspection.
The pre-purchase or sale inspection should include an investigation of potential problems, with the homes or institutions.
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the city asks the cpa firm of abernethy and chapman to examine several transactions that occurred during 2020 and indicate how to correct any erroneous reporting. officials also want to know the effect of each error. view each of the following situations as independent. during 2020, the city of coyote received $10,000, which was recorded as a general revenue in the general fund. it was actually a program revenue earned by the city's park program.
The error in this particular situation is that the revenue was recorded in the general fund, instead of the park program fund. To correct the error, the revenue should be reclassified and moved from the general fund to the park program fund.
The effect of this particular correction would be that the revenue would be allocated to the park program fund, rather than the general fund, which would allow the park program to better allocate the funds to the necessary programs. Additionally, this correction would allow the city to properly track the revenue and expenses associated with the park program.
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which of the following is classified as depreciable, listed property? equipment placed in service and disposed of in the same year. inventory consisting of finished goods available for sale in a taxpayer's business. a small pickup truck used by the taxpayer predominantly for business purposes, but also used occasionally for personal purposes. a vacant piece of land held for investment.
As per the concept of balance sheet, the depreciable listed property is a small pickup truck used by the taxpayer predominantly for business purposes, but also used occasionally for personal purposes.
Balance sheet:
In accounting, the preparation of a balance sheet is essential so that interested users of financial information can glimpse the company's financial position is known as balance sheet.
Given,
Here we need to identify the depreciable, listed property from the given options.
As per the concept of balance sheet,, an asset is subject to depreciation expense when it is expected to be used for than one accounting period and it is tangible; and it used primarily for general and administrative purposes.
Therefore, the correct answer is option is a vehicle used by the taxpayer for personal and business purposes.
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Question 14 (2.5 points) On evaluating a project, adjusting the WACC upwards instead of adjusting the initial investment upwards to reflect the floatation costs violates the ______ OA) Risk-return relation B) Time value of money C) Stand-alone principle O D) Security pricing principle
When appraising a project, the risk-return relation is violated if the WACC is increased rather than the original investment to represent the flotation costs.
How Much Does Flotation Cost?A publicly traded firm incurs floatation costs when it distributes stocks or bonds and pays costs such underwrite fees, attorney costs, and fees paid. Businesses must take into account how these fees may affect the amount of cash they can collect via a new offering.
How do the costs of floating affect WACC?These fees will lower the net revenues from the sale of a new share, causing a higher cost of equity because of the flotation charges. As the expense of equity is a part of the weighted average costs of capital (WACC), it will consequently increase the WACC.
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A project manager has enough information to estimate the probability that an activity will be completed on schedule with all of the following EXCEPT which one?
Most likely time
Completion time
Optimistic time
Pessimistic timeCompletion time
Except completion time a project manager can estimate probability of all other activities that need to complete a task.
What is completion time?The term "COMPLETION TIME" refers to the time frame, as of the date specified in the acceptance of tender, for delivering the constructed machinery or equipment that has been approved by the engineer as meeting the requisite standards and the terms of the contract.
The design-basis mitigation function of the affected systems has not been altered by the proposed revisions, and the implications of an accident during the extended Completion Time are the same as those during the current Completion Time.
As a result, the proposed adjustments do not constitute a material increase in the likelihood or effects of an accident that has already been assessed.
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suppose there is a policy debate over whether the united states should impose trade restrictions on imported ball bearings: the president of the united states argues that the government should impose a tariff on ball bearings because they are a necessary input into the production of various weapons. free trade would make the united states overly dependent on foreign countries for the supply of ball bearings. in case of a war, the united states might not be able to make or purchase enough ball bearings and, therefore, would not be able to make enough weapons to defend itself. which of the following justifications is the president using to argue for the trade restriction on ball bearings? Jobs argument Using-protection-as-a-bargaining-chip argument Unfair-competition argument National security argument Infant-industry argument
The unfair competitive argument justifications are president using to argue for trade restriction on ball bearings.
What is trade restriction?Trade restrictions are unnatural barriers to the exchange of commodities and/or services between two or more nations. Protectionism produced it as a byproduct. The phrase is contentious, however, because what some may view as a trade restriction, others may view as a measure to safeguard customers from subpar, harmful, or hazardous goods. Where round lamps were necessary until 1975, rectangular headlamps were promoted there. The rectangular headlamps were the norm for new cars by 1979. The US Department of Transportation banned any ornamental or protective object in front of headlamps in 1968 if the headlamps are turned on. Vehicles made for the US market could no longer achieve the solid aerodynamic performance they were intended for due to the modification.
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ted, who is single, owns a personal residence in the city. he also owns a condo near the ocean. he uses the condo as a vacation home. in march of the current year, he borrowed $50,000 on a home equity loan and used the proceeds to acquire a luxury automobile. during the year, he paid the following amounts of interest. On his personal residence $15,500 On his condo 6,200 On the home equity loan 4,800 On credit card obligations 1,700
Ted recognises a $4,800 AMT adjustment for the year 2018.
AMT is a minimum tax that can be used in place of regular taxes. Rate. In a fiscal year (FY) where the tax on ordinary income is lower than the AMT on Adjusted total income, the AMT is a tax imposed on "adjusted total income." AMT must therefore be paid by taxpayers to whom AMT provisions apply, regardless of regular tax.
For a total of $21,700 ($15,500+$6,200), AMT accepts T's home and condo as acceptable interest payments.
However, $21,700 is less than the $26,500 total interest that would apply to T's home equity loan, basic taxes, mortgage interest on his home and condo, and interest on all of the individuals' loans.
$26500-$21,700 = $4,800
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under this theory of oligopoly, all firms other than the dominant firm act as . therefore, the horizontal sum of their marginal cost curves is their curve.
Under this theory of oligopoly, all firms other than the dominant firm act as price takers. therefore, the horizontal sum of their marginal cost curves is their supply curve.
What is Oligopoly?A market known as an oligopoly is one in which a small number of businesses cooperate and compete with one another to control the sale, prices, and other aspects of a product that may be homogeneous or differentiating.
Price leadership refers to a situation in which other companies in the market accept and adopt the pricing and price adjustments set by a dominant firm or a firm that is acknowledged as the industry leader.
Other firms other than dominant firm accepts the price set by dominant firm. Hence the firms act as a price taker not price maker.
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Complete question
Understanding the price leadership model Consider Kellogg's production and price choices in the breakfast cereal industry when it is characterized by the price leadership model Under this theory of oligopoly, all firms other than the dominant firm act as price makers . Therefore, the horizontal sum of their marginal cost curves is their curve.
If a firm charges a foreign market a lower price than it charges the domestic market, that firm is said to be ______ its product.Multiple choice question.O disposing ofO dumpingO sellingO transferring
If a firm charges a foreign market a lower price than it charges the domestic market, that firm is said to be transferring its product. This global trade site is managed by the International.
Trade Administration of the United States Department of Commerce to provide access to ITA information on promoting trade and investment, strengthening the competitiveness of U.S foreign market barriers , transportation costs (freight and time costs), communication and other information costs, enforcement costs, exchange rate costs, legal and regulatory costs, and local distribution costs are all included in a broad definition of trade product. Foreign trade's primary function is to find ways to obtain capital goods imports, without which no development process can begin.
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____ are broad guidelines issued by upper management for the purpose of assisting lower-level managers in handling recurring problems.
Answer:
Policies are broad guidelines issued by upper management for the purpose of assisting lower-level managers in handling recurring problems. Procedures are broad guidelines issued by upper management for the purpose of assisting lower-level managers in handling non-recurring problems.
illennium Liquors is a wholesaler of sparkling wines. Its most popular product is the French Bete Noire, which is shipped directly from France. Weekly demand is 50 cases Millennium purchases each case for $125, there is a $275 fixed cost for each order (independent of the quantity ordered), and its annual holding cost is 15 percent. What order quantity minimizes Millennium's annual ordering and holding acosts? 309 cases (Round your answer to 2 decimal places.) If Millennium chooses to order 275 cases each time, what is the sum of its "annual ordering and holding costs? $ 4,662 50 (Round your answer to 2 decimal places.) If Millennium chooses to order 100 cases each time, what is the sum of the ordering and holding costs incurred by each case sold? $ 3.04 per case If Millennium is restricted to ordering in multiples of 50 cases (o g. 50, 100, d. 150, etc.), how many cases should it order to minimize its annual ordering and holding costs? 250 cases (Round your answer to 2 decimal places.) Millennium is offered a 5.00 percent discount if purchases at least 1,000 e. cases. If it decides to take advantage of this discount, what is the sum of its annual ordering and holding costs? $ 7,840.00 or 1
According to the weekly demands in 50 cases, the total cost of inventory is the sum of the purchase ordering and holding cost.
a. 18.75
b. 5178.13
c. 3.11
d. 300 cases
e. 9621.25
A.
Hence yearly demand D is 50*52 = 2600. Ordering Cost, K is 275. Holding cost. h is 15% or purchase cost = 15%*125 = 18.75.
B.
In this case the order quantity is 275. If the order quantity is denoted as Q, annual ordering cost is given as D/Q*K = 2600/275*275 = 2600
Holding cost is given as Q/2*h = 275/2*18.75 = 2578.125
Hence sum of annual ordering and holding cost is 2600+2578.125 = 5178.13.
C.
In this case, the ordering cost is 2600/100*275 = 7150\
Holding cost = 100/2*18.75 = 937.5
Hence sum of ordering and holding cost = 7150+937.5 = 8087.5. As annual demand is 2600, cost per case sold is 8087.5/2600 = 3.11.
D.
As we saw in part a, order quantity which minimizes the ordering and holding cost is 276.16. In case we have to order in multiples of 50, the closest multiple of 50 we have to 276.16 is 300. Hence it should order 300 case to minimize the ordering and holding cost.
E.
In this case the ordering cost would be 2600/1000*275 = 715
Holding cost would be,
1000/2*18.75*(1-Discount Percentage) = 9375*0.95 = 8906.25
Hence sum of ordering and holding cost is 715+8906.25 = 9621.25
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Calculate the total dollar amount you would pay at the quoted price (disregard commission or any interest that may have accrued). (Round your answer to the nearest cent.)Company Bond price Number of bonds purchasedWang 103.25% 3Total dollar amount of purchase price $
Face value is $1,000.
Bond price = 1.0325 x 1000 = 1 032.5.
Amount in dollars = 1,032.5*3
$3,097.5 in dollars.
Why Do Bonds Need to Be Valued?Bonds are contracts for debt that mandate a certain amount of interest be paid by the borrower to the lender. The cost that a buyer would have to pay another investor to acquire the bond is its value. Bond valuation is the process of estimating the bond's fair market value based on variables including interest rates, bond payments, and timeframes.
One of the most popular techniques for valuing a bond is the discounted cash flow method. This approach involves discounting the bond's cash flows (such as the coupon and par value) at the market rate. Afterward, the bond's value is calculated by adding the present values of all the cash flows.
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the formula for target sales is: multiple choice (total fixed costs target profit)/contribution margin ratio (total variable costs total fixed costs)/contribution margin ratio (total fixed costs target profit)/unit contribution margin (total variable costs total fixed costs)/unit contribution margin
The formula for target sales is: (Total fixed costs + Target profit)/Unit contribution margin.
A income target is the wide variety of products to promote in a given length to break even or make a income. these goals ought to meet the forecasts of your marketing strategy.
Revenue objectives are the essential sales intention example — this KPI should be one of every company's primary income dreams. a typical sales goal instance here: growth month-over-month/year-over-12 months revenues with the aid of 10%. business enterprise A has found brilliant consistency in matching after which exceeding their goal sales increase.
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an agent representing a broker-dealer in state p has a retail customer who moves to state s from state p. the agent and the broker-dealer now have one
Brokers and agents alike are required to become licensed in State S. Registration in State S is required for both the agent and the broker-dealer. Broker-dealers are not afforded a "de minimis" exemption in the same way that investment counselors are.
This exemption, known as the de minimis rule, allows an adviser to recruit a limited number of retail clients (investors) in a state without being required to register with the state. This exemption is available if the adviser does not have a physical presence in the state and the number of retail investors does not exceed five.
Both investment advisors and IARs, but not broker-dealers or agents, are subject to the de minimis rule. A broker-dealer and/or agent must register with the state if they have even one retail client residing there continuously.
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The right question is:
An agent representing a broker-dealer in State P has a retail customer who moves to State S from State P. The agent and the broker-dealer now have one customer in State S. To continue to do business with this customer, which of the following is TRUE?
Only the agent must register in State S.Neither the broker-dealer nor the agent needs to register in State S.The agent and broker-dealer must register in State S.Only the broker-dealer must register in State S.3. (a) california bank holds $375 million in deposits and maintains a reserve ratio of 5%. show the t-account of the bank
Money multiplier = 1/r = 1/0.05 = 20
Final Money Supply = 20*Reserve amount = $375 million
Required Reserves = 0.05*500,000 = $25000
Excess Reserves = $75,000
Final Money Supply = Required Reserves*Money Multiplier = 25000*1/0.05 = $500,000
If the reserve requirement is 40%, then it means that
0.4x = $100 billion (x= Total deposits)
x= $100 billion/0.4 = $250 billions.
Final money Supply = 100*1/0.4 = $250 billion
Reserve is an unincorporated community in St. John the Baptist Parish, Louisiana, united states of america. it's miles located at the east bank of the Mississippi River. The population become nine,111 at the 2000 census. For statistical functions, the usa Census Bureau has defined Reserve as a census-targeted place (CDP). prior to the name Reserve, this metropolis was as soon as known as Bonnet Carre; the metropolis name have been changed by businessman and resident Leon Godchaux by means of the past due 1800s. The Godchaux–Reserve Plantation was built by means of Leon Godchaux, and the oldest portion of the plantation home dates to 1764, is indexed at the country wide sign in of historical places (NRHP).
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piper corp. is operating at 70% of capacity and is currently purchasing a part used in its manufacturing operations for $24
The amount of differential cost increase or decrease from making the part rather than purchasing it would be -$30,000.
We do not anticipate any additional fixed costs to be incurred as Piper Corp is already operating at 70% capacity, thus we can produce the unit in-house without any increases to the existing costs.
Differential cost = Unit cost for purchase - Unit cost for manufacturing
Differential cost = $24 - $26 = -$2
Amount of differential cost increase or decrease = 15,000 units x -$2
Amount of differential cost increase or decrease = -$30,000
Therefore, the amount of differential cost increase or decrease from making the part rather than purchasing it would be -$30,000.
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The complete question is here:
Piper Corp. is operating at 70% of capacity and is currently purchasing a part used in its manufacturing operations for $24 per unit. The unit cost for the business to make the part is $36, including fixed costs, and $26, not including fixed costs. If 15,000 units of the part are normally purchased during the year but could be manufactured using unused capacity, what would be the amount of differential cost increase or decrease from making the part rather than purchasing it?
embassy club condominium, located on the west coast of florida, is undertaking a summer renovation of its main building. the project is scheduled to begin may 1, and a september 1 (17-week) completion date is desired. the condominium manager identified the following renovation activities and their estimated times. activity immediate predecessor time a - 3 b - 1 c - 2 d a, b, c 4 e c, d 5 f a 3 g d, f 6 h e 4 Draw a project network. What are the critical activities? What activity has the most slack time? Will the project be completed by September 1?
The formula for calculating slack time (ST) is straightforward. Calculate the latest start time (LST) and the earliest start time (EST) (EST). To calculate the total slack time for the project, subtract EST from LST.
Slack, also known as float, is the amount of time a task can lapse before colliding with another task. When you schedule tasks, it is automatically calculated into your project, and you can use it as a buffer time if your schedule is at risk of being delayed. Owners, admins, and members with permission can see how many people have interacted with a specific message in Slack using message activity.
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if a buyer defaults on a contract to purchase real property, which of the following is not a remedy the seller can pursue?
If a buyer defaults on a contract to purchase real property, the remedy is not available for the seller is sue for assignment. Option B is correct.
What is remedy?In contract law, a "remedy" is a decision or payment made by the court in response to a party's breach of the agreement. By placing the non-breaching party, commonly known as the "damaged party," in the position they would have been in had the contract been completed as agreed, the purpose of remedies is to make the non-breaching party whole.
A legal remedy is a procedure that allows wronged parties to seek restitution for their losses. Some examples of legal remedies include damages, injunctions, and specified performance.
Thus If a buyer defaults on a contract to purchase real property, the remedy is not available for the seller is sue for assignment.
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the following data relate to labor cost for production of 4,300 cellular telephones: actual: 2,900 hrs. at $14.40 standard: 2,850 hrs. at $14.60 a. determine the direct labor rate variance, direct labor time variance, and total direct labor cost variance. enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number.Rate variance $ Time variance $ Total direct labor cost variance $ b. The employees may have been less-experienced workers who were paid less than more-experienced workers or poorly trained, thereby resulting in a labor rate than planned. The lower level of experience or training may have resulted in efficient performance. Thus, the actual time required was than standard.
The calculation is displayed below.
The difference in the direct labor rate is
(Actual rate minus Standard rate) / Actual hour
= ($14.5 - $14.8) X 2,430 hours
= $729 a positive
The difference in time is
Standard rate = (Actual hours - Standard hours)
2,430 hours minus 2,390 hours is $14.80.
= $592 inadvertent
the total labor cost difference is therefore
$729 favorably + $592 negatively
= $137 a positive
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Genuine Spice Inc. began operations on January 1 of the current year. The company produces 8-ounce bottles of hand and body lotion called Eternal Beauty. The lotion is wholesale in 12-bottle cases for $100 per case. There is a selling commission of $20 per case. The January direct materials, direct labor, and factory overhead costs are as follows DIRECT MATERIALS Cost Behavior Variable Variable Variable Cost per Unit $0.02 0.30 0.50 Units Direct Materials per Case 100 ozs 30 ozs. 12 bottles Cost per Case Cream base Natural oils Bottle (8-oz.) $2.00 9.00 6.00 $17.00 DIRECT LABOR Cost Behavior Variable Variable Time per Case 20 min. Labor Rate per Hour $18.00 14.40 Direct Labor Cost per Case $6.00 1.20 $7.20 Mixing Filling 25 min FACTORY OVERHEAD Utilities Facility lease Equipment depreciation Supplies Cost Behavior Mixed Fixed Fixed Fixed Total Cost $600 14,000 4,300 660 $19,560
A standard cost may be described as a planned cost, anticipated cost, expected cost, budgeted unit cost, forecast cost, or the cost that "should be". Standard costs are sometimes an important part of a manufacturer's annual profit plan and operational budget.
The standard costs of the manufacturing activities will be included in the inventory and cost of goods sold accounts in a standard costing system. Given that the business must pay its manufacturers and suppliers according to the actual expenses incurred, there may be some modifications.
The disparities between the standard costs and the actual production costs are represented by cost variations, which are recorded in separate variance accounts.
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TRUE/FALSE. self-service is shaping the past of digital analytics by increasing the barrier of entry into the world of business analytics.\
True. Self-service is shaping the past of digital analytics by increasing the barrier to entry into the world of business analytics
Self-service is reshaping the way companies use digital analytics and is making it easier to access and analyze data. This is great news for businesses, as it means they can get more insights from their data without having to invest in expensive professional analytics services.
However, self-service analytics requires a certain level of technical knowledge and understanding of data, making it harder for those without this knowledge to access and utilize the data.
At the same time, self-service analytics is making it easier for those with the necessary skills and knowledge to quickly access and analyze data. This is great news for those with the skills to do so, as it allows them to get more insights from their data in a fraction of the time.
Overall, self-service analytics is having a major impact on the way businesses are leveraging digital analytics. While it is increasing the barrier to entry for those without the necessary technical knowledge, it is also making it easier for those with the skills to quickly access and analyze data.
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psychographics refers to variables associated with people who may want to purchase the product, such as age, gender, race, nationality, residency (the area the person lives in), and income level.
Psychographics is not the one that refers to variables associated with people who may want to purchase the product, such as age, gender, race, nationality, residency (the area the person lives in), and income level.
It is the demographics. Hence, the given statement is false.
Population dynamics and dimensions are examined and measured in demographic analysis, which can be applied to entire civilizations or specific groups based on factors like education, ethnicity, nationality, and religion.
Any medical facility's fundamental data, including patient demographics, emergency contact information, and medical record data, comes from its patients.
Even though there are a number of autonomous demography departments, educational institutions often treat demography as a subfield of sociology.
The phrase "psychographics" does not refer to characteristics of potential customers, such as age, gender, race, country, residency (the place of residence), and income level. The demographics are to blame.
Therefore, the given statement is false.
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The complete question has been attached in text form:
T/F: Psychographics refers to variables associated with people who may want to purchase the product, such as age, gender, race, nationality, residency (area the person lives in), and income level.
which of the following line items from a 12-month inventory purchases budget are presented on the pro forma financial statements? assume that all purchases are paid in the month of purchase. (select all that apply.) multiple select question. desired ending inventory (i.e. ending inventory) for the last month purchases for the last month shown as accounts payable on the balance sheet total ending inventory for the twelve months total cost of goods sold (i.e. cost of budgeted sales) for the twelve months
The correct answer will be the Total cost of goods sold (i.e. cost of budgeted sales) for the twelve months. Budgeted Sales are the net sales and other revenues of an Incentive Unit that are reflected in the annual operating budget for the Incentive Unit that has been approved by the Board.
Based on anticipated sales, companies can manage resources and profits using the sales budget as a planning tool. To give each department a broad idea of where they stand financially, it takes into account past sales patterns and budgets for comparable periods. This improves how effectively businesses accomplish their objectives and increase their profit.Setting attainable goals requires careful consideration of the sales budget. For instance, a sales team may set a sales objective to double customer subscriptions, but the sales budget will keep expectations in check by reflecting a 20 per cent annual increase.This isn't to say that reaching 50% isn't possible; it just means that when creating a budget based on revenue, reaching 50% should be a bonus rather than a goal.As a result, the budgeted sales costs are shown on the pro forma financial statements.
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an automobile insurance company uses a lot of expensive multipart paper to process its claims. the printer from whom they receive the paper has informed them of discounts available for quantity orders, but the company doesn't have space to store the entire amount ordered at one time. the company uses the paper at the rate of 50 boxes per week. the company operated 50 weeks per year. it costs $100 to place an order and it costs 15% of the acquisition cost to store it. the printer is offering the following discounts: range of order acquisition cost(price) quantities per box 0 999 $15 1000 1999 $14.90 2000 $14.85
The automobile insurance company can benefit from the quantity discounts offered by the printer by making sure they order the right amount of multipart paper to meet their needs.
It's important to note that it costs $100 to place an order and 15% of the acquisition cost to store it, so the insurance company needs to find a way to balance the acquisition cost with the cost of storage.
To do this, the company should consider the range of order acquisition costs and the quantity per box offered. For orders under 999 boxes, the cost per box is $15. For orders between 1000 and 1999 boxes, the cost per box is $14.90. For orders over 2000 boxes, the cost per box is $14.85.
Given that the insurance company uses 50 boxes per week, they should order 1000 boxes at a time to get the best price per box. This would cost them $14,900 plus the $100 order fee and the 15% storage fee, which would bring the total cost to $17,285. This is a savings of $335 compared to ordering 999 boxes.
By ordering the right amount of multipart paper at a time, the insurance company can save money and ensure they have enough paper to meet
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which of the following statements about taxes based on an individual's ability to pay are accurate?
According to the ability-to-pay principle, people should pay more taxes if they have more money and income to pay them.
Why do people pay taxes in the first place?The primary reason for taxes is that the government uses the money for programs like national defense, social security, and public buildings, as well as for police, education, and roads. These are paid for by the public.
What aspect of the tax system is agreed upon by most?The majority agree that the tax system ought to be: both fair and effective; They ought to cost society little, and the burden of taxes ought to be shared fairly.
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You have a portfolio with the following: Stock Number of Shares Price Expected Return W 775 $ 48 11% X 675 25 15 Y 425 61 13 Z 650 46 14 Required: What is the expected return of your portfolio? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).) Expected return of the portfolio %
Any mix of financial assets, including stocks, bonds, and cash, is referred to as a "portfolio." Individual individuals may hold portfolios, or financial professionals, hedge funds, banks, and other financial organizations
may manage them. A portfolio should be created taking the investor's risk appetite, time horizon, and investment goals into consideration. This is a widely acknowledged idea. The risk/reward ratio of the portfolio may be impacted by the monetary value of each item. The goal of asset allocation is to maximize expected return while minimizing risk. This is an illustration of a multi-objective optimization issue; there are numerous effective solutions and the best one must be chosen by weighing the trade-off between risk and reward. Particularly, another dominates a portfolio A.
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in the family decision-making process, family members wiht the power to determine whether to shop for, purchase, use, consumer, or dipose of a specific product or service are referred to as
In the family decision-making process, family members with the power to determine whether to shop for, purchase, use, consumer, or dispose of a specific product or service are referred to as gatekeepers.
The family group decision-making process is a generic term which tends to include a number of approaches in which the family members are then brought together in order to make decisions that about how to care for their children and develop a plan for such services.
A gatekeeper in the decision-making process can be a parent, in legal setting, who tends to appoint themself the power to decide that what relationship is acceptable between the other parent and the children.
Hence, gatekeepers tend to be people or certain policies acting as a go-between.
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which of the following will not shift the demand curve for oled color television sets to a new position (either shift to the right or the left)? group of answer choices the expectation of rising prices for oled color tvs in the future. a decline in per capita income a reduction in the selling price of oled color tvs an increase in the number of consumers
A reduction in the selling price of color TVs will not shift the demand curve for oled color television sets to a new position.
In economics, the relationship between the quantity of a specific good that is sought at a specific price and the price at which it is offered is represented by a demand curve. Demand curves can be used to analyze the relationship between price and quantity for both a single consumer (a single demand curve) and for all consumers in a specific market (a market demand curve).
As shown in the following graph, demand curves are commonly believed to slope downward. Due to the law of demand, which stipulates that as prices rise for the majority of goods, demand declines, this occurs. This rule does not apply in some odd situations. Speculative bubbles, Veblen products, and Giffen goods are a few instances of this sort of occurrence.
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