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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which of the following is something you could find using the cash flow statement? a company's total profits and losses in a period movement of liquid cash in and out of the company capital investments and expenditures depreciation of equipment
The following is something you could find using the cash flow statement : a company's total profits and losses in a period movement of liquid cash in and out of the company capital investments and expenditures depreciation of equipment.
Capital investment is the acquisition of physical property by way of a organisation to be used in furthering its lengthy-time period business goals and targets. actual estate, manufacturing plant life, and equipment are some of the property which are purchased as capital investments.
Investment is the dedication of money to purchase of an asset to achieve an boom in cost over a period of time. funding calls for a sacrifice of a few gift asset, together with time, money, or attempt. In finance, the cause of making an investment is to generate a return from the invested asset.
The four major sorts of capital consist of running capital, debt, fairness, and buying and selling capital. buying and selling capital is used by brokerages and other economic establishments.
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ales management process this activity is important because selling must be managed if it is going to contribute to a firm's marketing objectives. although firms may differ in their application of the process, sales management consists of three interrelated functions: (1) sales plan formulation, (2) sales plan implementation, and (3) salesforce evaluation. the goal of this activity is to demonstrate your understanding of the sales management process in an applied context. match each scenario or the appropriate stage of the sales management process.
The process of hiring, training, and motivating sales staff, coordinating sales department operations, and implementing a cohesive sales strategy that drives business revenues are all parts of sales management.
What are the three related sets of decisions or procedures used by sales management?The three pillars of sales management are sales strategy, sales operations, and sales analysis. The creation of a strategy that enables your business to make a sale is the first step in the process of developing a sales strategy.
Is sales management a component of marketing management, as you define it?The product and how it gets to the customer are connected to sales management. Marketing management encompasses all activities, such as advertising, sales, research, customer satisfaction, after-sales service, etc., that facilitate the flow of goods to buyers.
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FILL IN THE BLANK The Pharmaceutical Industry Labor-Management Association (PILMA) sought to defeat a bill in Texas to lower drug prices. PILMA has no individual members and receives most of its money from the pharmaceutical industry. It is best described as a(n) ______.
PILMA does not have any individual members, and the pharmaceutical industry provides the majority of its funding. An astroturf organization is the best way to characterize it.
A group using AstroTurf is what?Astroturfing is the technique of concealing a message's or organization's financial backers (such as political, commercial, religious, or public relations organizations) to make it seem as though it was created and is supported by grassroots supporters.
They no longer use AstroTurf; why?Because the underside of Astroturf was so harsh, it led to several terrible injuries, particularly to the knees, and cut short or even ended many careers for many people. Astroturf fields eventually vanished as a result of the development of Field Turf, a softer and safer synthetic grass.
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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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____ 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.
the entry to close the advertising expense account includes which of the following entries: multiple select question. debit to income summary credit to advertising expense credit to income summary debit to advertising expense
B) a $1,000 credit to the Rent Expense. The organization's sales amount and sales revenue are subtracted from the term expenses.
The costs include both direct costs like wages and materials and indirect costs like maintenance, indirect labor, and many more.
What is implied by deals income?Revenue from sales of goods and services before expenses are deducted is called sales revenue. It is typically calculated over a predetermined time frame, like a fiscal year or a quarter.
How is revenue from sales calculated?The price per unit is multiplied by the number of products or services sold to determine sales revenue.
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Full Question = The income statement for the month of June 2012 of Camera Obscura Enterprises contains the following information:
The entry to close the expense accounts includes a _____
a. debit to Income Summary for $1,800.
b. credit to Rent Expense for $1,000.
c. credit to Income Summary for $5,200.
d. debit to Wages Expenses for $3,000.
Revenues $7,000
Expenses
Salaries and Wages Expense $3,000
Rent Expense 1,000
Advertising Expense 800
Supplies Expense 300
Insurance Expense 100
Total expenses 5,200
Net Income $1,800
a firm that engages its customers with social media activities as part of its marketing strategy helps to build its brand by developing deeper relationships with customers and by blank .
Promoting the brand's reputation online through favorable word-of-mouth deeper relationships between customer and a brand.
What is digital advertising?Digital advertising, usually referred to as online advertising, is a type of marketing that businesses use to advertise their brands, goods, and services on the internet. It entails activities on websites, social media platforms, blogs, applications, and other online communication platforms.As a result of the digital transformation, businesses now have a wider range of options for reaching their target audiences and the market as a whole.In this approach, everything that utilizes digital resources and platforms can be categorized as digital advertising.Being present exactly where the public is is the major objective.The process of a company migrating and adapting to the changes that society as a whole has undergone is known as digital advertising.
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according to the rational rule for sellers, the manager of this company should choose to produce of output and charge a price of .two units; $450three units; $400four units; $350one unit; $400
According to the rational rule, what output and price should the firm in the following example choose quantity= 4; price= $7
The foundation of rational choice theory, an economics theory that holds that people always choose options that maximize their own value, is rational behavior. Given the options available, these choices offer consumers the greatest benefit or enjoyment.
The Rational Rule for Employers advises hiring more people if an increase in output is desired and wages are declining since the marginal revenue product is greater than (or equal to) the pay.
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export subsidies and import taxes are both price policies that can change the domestic price of food so that it differs from the world price. in this worksheet, we will examine how export subsidies and import taxes work. while analyzing this, we will think about who benefits/loses from these policies.
Export Subsidy: An export subsidy means that exporters receive an extra payment from the government for the food they export. For each unit of food they export, they receive the world price (Pw) plus the subsidy.
Carefully examine Figure 1 and answer questions 1-10 below.
Figure 1: Demand and Supply for an Exporter Country with Export Subsidy
Which letter represents the domestic supply quantity (Qs) before the subsidy policy?
w
x
y
z
Which letter represents the domestic demand quantity (Qd), before the subsidy policy?
w
x
y
z
From Figure 1, the quantity of food exported (Qe) before the subsidy policy is equal to:
y-x
y-w
z-x
z-w
Which letter(s) represent(s) the consumer surplus before the subsidy? Select all that apply.
a
b
c
d
e
f
g
h
i
Which letter(s) represent(s) the consumer surplus after the subsidy? Select all that apply.
a
b
c
d
e
f
g
h
i
Which letter(s) represent(s) the producer surplus before the subsidy? Select all that apply.
a
b
c
d
e
f
g
h
i
Which letter(s) represent(s) the producer surplus after the subsidy? Select all that apply.
a
b
c
d
e
f
g
h
i
Which letter(s) represent(s) the government costs of the subsidy policy? Select all that apply.
a
b
c
d
e
f
g
h
i
Who is better off (i.e. increased surplus or revenue) after the subsidy? Select all that apply.
Consumers
Producers
Government
Who is worse off (i.e. decreased surplus or revenue) after the subsidy? Select all that apply.
Consumers
Producers
Government
Demand is the consumer's desire to purchase a particular good or service. Market demand is the demand for a particular good in the market. Aggregate demand is the total demand for goods and services in the economy. Demand and supply match determines the price of the good or service. Understanding the concept of demand.
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for the firm's organizational structure, group of answer choices organizational structure specifies the firm's formal reporting relationships, procedures, controls, authority, and decision-making processes. organizational structure specifies the work to be done and how to do it. it is critical to match the firm's structure to the firm's strategy. all options listed
Organizational structure specifies the firm's formal reporting relationships, procedures, controls, authority, and decision-making processes.
Organizational structure is the internal, formal framework of a firm that demonstrates how management is arranged and connected together, as well as how power is transferred through the organization. The goal of organizational structure is to give managers detailed feedback on how effectively an organization and its people are doing and creating a competitive advantage.
The arrangement of resources at various levels according to their roles, levels of authority, and positions forms an organizational structure. It enables departments throughout a firm to communicate, plan, and collaborate in order to accomplish business objectives.
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FILL IN THE BLANK. Preferred stock _____.does not pay dividendspays dividends in perpetuitypays a constant dividendhas a fixed maturity
A constant dividend is paid on preferred stock. Thus the correct answer to this question would be option C. Pays a constant dividend.
.
In comparison to common stockholders, preferred stockholders have a stronger entitlement dividend.
Preference stock, a different type of equity, allows investors ownership in a business as well as the right to profit from that business' operations.
When it comes to dividends, preferred shareholders have a preference over common stockholders. Dividends can be paid monthly or quarterly and often yield more than regular stock.
These dividends can be fixed or set in terms of a benchmark interest rate like the LIBOR, and are often quoted as a percentage in the issuing description.
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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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Jessica recently had outpatient surgery. Her insurance plan requires a deductible of $500. This means that the insurance company will pay 100% of the first $500, but after that will only pay a percentage of the bill. Indicate whether this statement is true or false.
The given statement regarding the insurance plan is False.
A deductible is a feature that many insurance policies share. It functions essentially as a cost-sharing clause, requiring the insured to pay a set sum of money before the insurance company pays on a claim. The purpose of a deductible is to help ensure that people only use their insurance coverage for major or unexpected expenses, rather than for routine or minor expenses.
Deductibles can vary in amount, and they may apply to different types of coverage within a single insurance policy. For example, a health insurance policy may have separate deductibles for different types of medical services, such as hospital stays, prescription drugs, and outpatient care. Similarly, in the case of Jessica, the insurance company will not pay 100% of $500.
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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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Which of the following statements is most correct?
a. Accruals are an expensive way to finance working capital.
b. A conservative financing policy is one in which the firm finances all of its fixed assets with long-term capital and part of its permanent net operating working capital with short-term, nonspontaneous credit.
c. If a company receives trade credit under terms 2/10, net 30, this implies the company has 10 days of free trade credit.
d. A firm following an aggressive financing policy would finance all its permanent NOWC with long-term capital.
Option a Accruals are an expensive way to finance working capital and c - If a company receives trade credit under terms 2/10, net 30, this implies the company has 10 days of free trade credit statements is most correct.
The simplest definition of trade credit is a contract to purchase products and/or services on account rather than making prompt cash or check payments. When favorable terms are negotiated with a company's supplier, trade credit can be a useful instrument for expanding firms. Materials can be purchased on trade credit without having to make an upfront payment. These credits show up in the buyer of goods's records as "sundry creditors" or "accounts payable." A record of sales or expenses that have been incurred but not yet been reflected in the company's financial accounts is known as an accrual.
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which of the following methods of depreciation has built-in salvage value for the item being depreciated
The asset's salvage value—or what you anticipate it to be worth at the end of its useful life—must be subtracted from its cost in order to determine depreciation using the straight-line technique. A depreciable basis, or the amount that may be written off, is the outcome.
Depreciation is an accounting technique for spreading out the expense of a tangible item over the course of its useful life. How much of an asset's value has been used is shown through depreciation. It enables businesses to purchase assets over a predetermined length of time and generate income from those assets.
The four depreciation methods include straight-line, declining balance, sum-of-the-years' digits, and units of production.
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the irs has an algorithm called blank that pulls historical data for average amount and type of deductions related to income and predicts the likelihood of underreported income.
As per the research analysis, the IRS uses an algorithm called the discriminant function that pulls historical data for the average amount and type of deductions related to income level and predicts the likelihood of underreported income.
What is meant by the Discriminant function?
In general term, Discriminant function is a statistical function that specifies the variables that discriminate between two or more inherently occurring groups.
Here we need to find the IRS has an algorithm called blank that pulls historical data for average amount and type of deductions related to income and predicts the likelihood of underreported income.
Here we know that it is also used to classify data based on their features, such as income level. And here we know that, IRS is the acronym for Internal Revenue Service.
Therefore, in this case, it is concluded that the correct answer is "discriminant function."
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Which one of the following correlation relationships has the potential to completely eliminate risk?A. perfectly positiveB. positiveC. negativeD. perfectly negativeE. uncorrelated
(D) Perfectly negative correlation relationships has the potential to completely eliminate risk.
Association is what correlation refers to, although it is actually a measurement of how closely two variables are related. Three outcomes are achievable from a correlational study:
A relationship between two variables is said to have a positive correlation when both variables move in the same direction. Consequently, when one variable rises as the other rises, or when one variable falls while the other falls. The link between height and weight is a good example. Taller persons typically weigh more.
When there is a negative correlation between two variables, it means that when one variable rises, the other one falls. Height above sea level and temperature serve as an illustration of a negative link. It gets colder as you ascend the mountain (raise in height) (decrease in temperature).
When there is no correlation between two variables, it is called a zero correlation. For instance, there is no correlation between IQ level and the quantity of tea consumed.
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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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an urban planner is designing a new urban housing development in a currently rural area near an existing city. the urban development will have five 10-story apartment buildings, two basketball courts, a playground with permeable foam pavers, a 10-acre green space with a small man-made pond, one 5-story parking deck, and direct access to the mass transit train line. question which of the following aspects in the design for this new urban development would most likely have the greatest negative environmental impact?
B) The five apartment buildings would most likely have the greatest negative environmental impact.
Urban development covers infrastructure for education, health, justice, solid waste, markets, street pavements and cultural heritage protection. These constructions typically type a part of specific sector programmes, as well as capability building measures. Special attention is additionally paid to slums of huge cities.
Environmental impact refers to the direct result of socio-economic activities and natural events on the elements of the surroundings. Humans impact the physical surroundings in several ways: overspill, pollution, burning fossil fuels, and deforestation. These changes have triggered poor air quality, and climate change.
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an urban planner is designing a new urban housing development in a currently rural area near an existing city. the urban development will have five 10-story apartment buildings, two basketball courts, a playground with permeable foam pavers, a 10-acre green space with a small man-made pond, one 5-story parking deck, and direct access to the mass transit train line. question which of the following aspects in the design for this new urban development would most likely have the greatest negative environmental impact?
A) The two basketball courts
B) The five apartment buildings
C) The 10-acre green space
D) The playground
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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 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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a russian aluminum producer selling aluminum for less in the united states than in russia because demand in the United States is elastic, whereas in Russia is less elastic is an example of __ in international trade
price discrimination
A Russian aluminum producer selling aluminum for less in the United States than in Russian because demand in the United States is elastic, whereas in Russia is less elastic is an example of price discrimination in international trade.
The practice of charging different prices to different customers for the same product or service is considered price discrimination. It is frequently utilized by established, larger businesses to profit from consumer supply and demand variations.
Is raising prices the best way to make more money?While charging too little can increase sales volume but reduce profits, charging too much can increase profits but reduce sales. Your task is to find a middle ground and create a situation where both you and your audience benefit. Pricing strategies can be helpful in this situation.
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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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firms engage in precall planning to understand the needs and preferences of the customer before making a presentation.
This statement is True: firms engage in precall planning to understand the needs and preferences of the customer before making a presentation.
After conducting your research, coming up with a few potential solutions, and establishing SMART goals, you'll have a solid foundation on which to build. Your sales presentation planning is the last assignment. You can't make your sales pitch with the intention of "winging it," even if you have an excellent solution to offer and your objectives are well-defined. A well-planned presentation frequently determines whether a sale is made or not. You will go a long way in building a strong rapport with your customer and winning his trust and respect if he perceives you as being well-prepared (i.e., if you have thoughtfully tailored your style, presentation materials, and agenda to match what you know about your contact and his company culture).
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On January 1, 2023, the Tamarisk Company budget committee reached agreement on the following data for the six months ending June 30, 2023:
1. Sales units: First quarter 4,900; second quarter 6,000; third quarter 7,300 2. Ending raw materials inventory: 40% of the next quarter's production requirements 3. Ending finished goods inventory: 25% of the next quarter's expected sales units 4. Third-quarter production: 7,500 units The ending raw materials and finished goods inventories at December 31, 2022, had the same percentages for production and sales that are budgeted for 2022. 3 kilograms of raw materials are needed to make each unit of finished goods. Raw materials purchased are expected to cost $4 per kilogram.
Question: Prepare a direct materials budget by quarters for the six-month period ended June 30, 2023.
The final raw material and finished goods inventories at the end of 2020 had the same production and sales percentages as those planned for 2020.
Each kilogramme of finished goods requires 3 kilogrammes of raw materials to manufacture. The estimated cost of raw materials is $4 per kilogramme.
Make a production budget for the six-month period ending June 30, 2021, broken down into quarters.
Sales units: 4,900 in the first quarter, 6,000 in the second, and 7,300 in the third quarter. Ending raw materials inventory: 40% of the following quarter's sales units. The following information for the six months ending June 30, 2023, was agreed upon by the Tamarisk Company budget committee on January 1, 2023: 1. Units of sales First . The Tamarisk Company budget committee agreed on the following on January 1, 2023.
information for the six months ended June 30, 2023:
First quarter: Starting inventory = 5,100 multiplied by 25%
Initial stock = 5,100 * 0.25
Starting stock is $1,275.
Desired final stock = 6,100
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the classifications used to categorize cash inflows and outflows on the statement of cash flows includes activities, activities, and activities. (enter one word per blank.)
The classifications used to classify cash inflows and outflows in the cash flow statement include: operating activities, investing activities, and financing activities.
What is cash flow and is it profit?The net amount of cash and cash equivalents entering and leaving a business is referred to as cash flow. Inflows are represented by money received, and outflows are represented by money spent.
Cash flow is not a profit because it is the money going in and out of a business over a period of time, but profit is what remains of earnings after deducting expenses.
Which cash flow is better?Operating cash flow (OCF) is the lifeblood of a company and is arguably the most important barometer investors use to assess a company's health. While many investors are attracted to net income, operating cash flow is often viewed as a better measure of a company's financial health.
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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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the following data relate to the direct materials cost for the production of 2,000 automobile tires: actual: 60,700 lbs. at $1.9 per lb. standard: 61,900 lbs. at $1.95 per lb. a. determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance. enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. direct materials price variance $fill in the blank 1 0.05 favorable direct materials quantity variance $fill in the blank 3 1,200 favorable total direct materials cost variance $fill in the blank 5 5,375 favorable
Direct material price variance is -$3,035, direct material quantity variance is -$5375 and direct material cost variance is $2340.
Give a brief account on total manufacturing cost variance.The direct labor cost fluctuation, direct material cost variance, and factory overhead cost variance make up the overall manufacturing cost variance. The actual expenses incurred during the course of the time are different from the baseline costs determined at the start. Total manufacturing cost variation is the difference between actual and standard production costs. This variance may be advantageous or detrimental.
To solve the question :
To calculate direct material price variance :
AQ x (AP - SP)
Therefore,
DMPV = 60,700 x ($1.90 - $1.95) = -$3,035
To calculate direct material quantity variance
SP x (AQ - SQ)
Therefore,
DMQV = $1.95 x (60,700 - 61,900) = -$2340
To calculate direct material cost variance :
AP x AQ - SP x SQ
Therefore,
DMCV = $1.90 x 60,700 - $1.95 x 61,900
= $115,330 - $120,705 = -$5375
DMCV is the sum of DMPV and DMQV
= (-$3,035) - (-$5375) =$2340
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