How variable costing would most likely be used
in a service business?
Managers use variable costing to determine which products to offer and which products to discontinue. Rather than discontinuing a product based on negligible.
How can variable costing be used for decision-making in a service company?Managers use variable costing to determine which products to offer and which products to discontinue. Rather than discontinuing a product based on negligible profits, a manager can use variable costing to determine the overall costs of keeping a unit in production.
Why would a company use variable costing?Question: Why do organizations use variable costing? Answer: Variable costing provides managers with the information necessary to prepare a contribution margin income statement, which leads to a more effective cost-volume-profit (CVP) analysis.
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9. Amir also needs to calculate the commissions paid each month. If the company earns $275,000 or more in a month, the commission is 26% of the sales. If the company earns less than $275,000 in a month, the commission is 17% of the sales. Calculate the commissions as follows: a. In cell B16, enter a formula that uses the IF function and tests whether the total sales for July (cell B9) is greater than or equal to 275000. b. If the condition is true, multiply the total sales for July (cell B9) by 0.26 to calculate a commission of 26%. c. If the condition is false, multiple the total sales for July (cell B9) by 0.17 to calculate a commission of 17%.
The required excel function which calculates the amount of commission for July is =IF(B9>=275000, B9*0.26, B9*0.17).
The IF function in excel uses the syntax ; =IF(condition, statement 1, statement 2)The first argument in the function is the condition which is to check if the value in B9 is greater than or equal to 275000.Next argument is the statement to execute if the condition is true, which is to multiply the value in B9 by the commission percentage ; 26%Next argument is the statement to execute if the condition is False, which is to multiply the value in B9 by 17%.Therefore, the required expression is =IF(B9>=275000, B9*0.26, B9*0.17)
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ABC Corp's ROE has been decreasing over the last five years. How can you use financial statements to find the reason why?
The financial statements can be used to find the reason for the decrease in ROE because change in performance is almost always revealed in financial statement numbers.
Here are the options to this question:
Use the statements to find trends, but keep in mind there is usually not a single reason Use recent financial ratios because they will usually provide the reason. The reason for a change in performance is almost always revealed in financial statement numbers. The historic performance of a company is the best place to find a reason.Return on equity (ROE) is a financial metric that is determined by dividing net income by average total equity. It is a profitability ratio.
Return on equity = net income / average total equity
Return on equity can be decomposed using the Dupont formula:
ROE = Net profit margin x asset turnover x financial leverage
ROE = (Net income / Sales) x (Sales/Total Assets) x (total asset / common equity)
The ROE would decrease in any of these circumstances:
Net income decreases. Common equity increases more than net income.Net income and common equity can be determined by examining the financial statements.
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what's the buying culture in your hometown? why?
Answer:
Explanation:
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The buying culture of a place refers to the factors that influence the purchase of goods and services in an environment. The buying culture in my hometown is the value-added culture. This is because the people in my hometown purchase goods and services mainly when they feel that there is a problem it will help them solve.
The value-added buying culture is that wherein the buyer senses that a product will help them to solve a problem that plagues them. For example, most people in my hometown only go to the pharmacy and clinic when they are sick. They do not believe in the idea of occasional check-up because they think that it is a waste of money.Therefore, goods are purchased only when they are crucially needed.
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where should you take the temperature of shredded pork in a hot-holding pan?
Place the pork shoulder fat side up on the top rack, cover with the lid, and cook at 225°F to 250°F for a consistent time, using the vents to control the temperature.
Although smoking a whole hog shoulder for pulled pork may appear scary, it is the simplest of the BBQ Big Three (brisket, ribs, and pulled pork) to master and is a fantastic method to refine your smoking abilities.
You'll need to get a digital barbecue thermometer if your grill doesn't include a temperature indicator. Every hour, check the grill's internal temperature. To keep the temperature and smoke consistent, add more charcoal and wet wood chips as needed.
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If you are trying to forecast your company's growth for the next year, what should be your primary consideration?
the company's recent performance
Forecast for the future company growth depends on the need to establish a parameter and gather the data. Look into the past and use past cost data. Make use of scatter diagrams and draw a regression analysis.
In order to forecast the companies growth for the next year, the main consideration will be to forecast the profits and losses. Such as expanse and revenue generated. Risk analysis will also be taken into consideration.Learn more about the forecast of your company's growth.
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marketing is meeting needs Profit ability explain age
Answer:
Marketing is about identifying and meeting human and social needs. One of the shortest good definitions of marketing is ―meeting needs profitably
Market needs inform organizations about what products develop, for what customers, at what cost, through which distribution channels, reducing the uncertainty that a new product/service development always brings.
The price system is an important component of the market because it
A ensures that producers are able to profit
B guarantees that consumers get the goods that they want
C coordinates the activities of producers, consumers, and owners of resources
D prevents spillover effects from occurring
The price system is an important component of the market because it coordinates the activities of producers, consumers, and owners of resources.
The answer to this question is option c. In economics the price system can simply be described as the way of organizing economic activities.
In order to do this, it coordinates the decisions of the buyers, the suppliers or the producers, and the owners of productive resources.
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Answer:
The answer is C.
Explanation:
Coordinates the activities of producers, consumers, and owners of resources
Alex, who is single, conducts an activity in 2021 that is appropriately classified as a hobby. The activity produces the following revenues and expenses: Revenue $18,000 Property taxes 3,000 Materials and supplies 4,500 Utilities 2,000 Advertising 5,000 Insurance 750 Depreciation 4,000 Without regard to this activity, Alex's AGI is $42,000. Determine the amount of income Alex must report and the amount of the expenses he is permitted to deduct. Assume Alex itemizes his deductions. Reportable income: $fill in the blank 1 Deductible expenses: $fill in the blank 2
Alex, who is single, conducts an activity in 2021 that is appropriately classified as a hobby. The amount of income that Alex must report and the amount of the expenses he is permitted to deduct are:
Income $18,000Expenses $3,000An activity or business is classified as hobby :
The owner of the business is not making profit from the business When their is no proof as to whether the business owner is making profitWhen the owner does not intend to make profit from the business etcBased on the given information the revenues or income amount of $18,000 will be the amount that will be reported by Alex as part of the gross income.
While the expenses or property taxed amount of $3,000 is deductible because the deductions are itemized deductions.
Inconclusion Alex, who is single, conducts an activity in 2021 that is appropriately classified as a hobby. The amount of income that Alex must report and the amount of the expenses he is permitted to deduct are:
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Professor Hyden, a retired mathematics teacher, had tried to impress upon his granddaughters the importance of mathematics, so in his will he specified that they should share a $900,000 inheritance as follows: Anna and Lauren, the twins, would each receive 30% of the $900,000 after the other's share was deducted. The third granddaughter, Beth, would receive the remainder after the twins got their share. Find each girl's share. (Round your answers to the nearest cent.)
Answer:40% or $360,000
Explanation: I'm pretty sure that the twins would get 60% which adds up to $540,000. which leaves the case that the third granddaughter would receive the rest which would be $360,000. AKA 40%
What was the result of John overdrawing his checking account?
John’s payment was greater than the balance he had available in his account so the bank will deposit $237.81 into John’s account so he can pay his bills.
John’s payment was greater than the balance he had available in his account so he was charged a $35 fee.
John’s payment was greater than the balance he had available in his account so he was charged a $5 monthly maintenance fee.
John’s payment was greater than the balance he had available in his account so the bank will transfer $35 from a linked account.
John overdrew his checking account, and resulted in B. John’s payment ... so he was charged a $35 fee.
Data and Calculations:
John's bank balance on November 7, 2018 = $512.68
The amount on Check # 410 = $710.49
Bank overdraft fee = $35
The result of John overdrawing his account did not force the bank to deposit $237.81 into his account. Neither did the bank charge him $5 for the overdraft, nor did it transfer $35 from a linked account.
Thus, John had overdrawn his checking account before the bank charged him $35 as overdraft fee.
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Which of the following acts resulting in injury would be negligence per se?
a. Alison, while driving the speed limit, sideswiped the car next to her.
b. George accidentally dropped a heavy carton on Stefani's foot while at work.
c. A retailer sold glue containing benzene to a 14-year-old boy in violation of state law.
d. Michael sold fireworks from his Indiana store (a legal activity) to Simon, an Illinois resident (a state that has
made owning fireworks illegal).
c. A retailer sold glue containing benzene to a 14-year-old boy in violation of state law acts resulting in injury would be negligence per se.
Option C. is the correct choice.
Negligence per se is a legal doctrine that occurs when a defendant violates a statute or law that was enacted to protect a specific class of people from harm, and this violation results in injury to a member of that class.
In option c, the retailer violated the state law by selling glue containing benzene to a minor, which is likely a law enacted to protect minors from harmful substances.
As a result, if the 14-year-old boy is injured by using the glue, the retailer can be held liable for negligence per se.
In options a and b, there is no violation of any law, and the injuries were likely accidental.
Therefore, negligence per se does not apply. Option d involves legal activities in Indiana but illegal possession in Illinois, which does not involve a violation of any law intended to protect a specific class of people from harm.
The correct answer is c. A retailer sold glue containing benzene to a 14-year-old boy in violation of state law.
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Scenario:
Tourism industry has been suffering during this pandemic. Tata Vacation Villa currently has
numerous vacancies. Few tenants moved out because of high rents Prospective tenants come to
see the units, they are very excited, however, they see many other vacancy signs available for
less money. As a result, Tata Vacation Villa are losing customers. You are working as a manager
of the company and your boss asked you to
a
Write a report proposing a solution to a problem that has been identified bymanagement of a
company or agency. Your report should be two pagesin length (Appendix is not included
within two pages in length). Organize your report clearly and logically. Give each section
anappropriate heading. You may use the following outline to plan your report, ormake your
own outline.
A. Problem
B. Recommendation
C. Rationale
D. Alterative Solutions
E Appendix (Data
You are advised to use the sample as a standard format
To write this report include main ideas for each section, connect them appropriately, and review the text after writing it.
Based on the prompt, the idea of this report is to describe the problem Tata Vacation currently has and the possible solutions for this problem. This means you need to include complete ideas in each of the sections proposed. Some of the ideas you can include are:
Problem: First state the problem "Tata Vacation Villa currently has numerous vacancies" and then mention the possible causes or factors.Recommendation: Propose one solution or recommendation, for example, increasing advertising or slightly reducing the prices.Rationale: Explain why solving this problem is important, for example, Tata Vacation Villa needs to reduce the prices to increase customers and avoid financial issues:Alternative Solutions: Include other possible solutions such as finding new customers, changing the focus of the villa, cutting expenses, etc.After this, you want to include all the ideas in each of the sections using appropriate linking words and other connecting expressions such as:
On the other handFirst of allFinally, review the text and make corrections to improve the report.
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Airlines and hotels have many frequent flyer and frequent visitor programs in which individuals who fly the airline or stay at the hotel receive bonuses that are the equivalent to discounts. a. Give two reasons why these companies have such programs rather than simply offering lower prices. b. Can you give other examples of such programs? c. What is a likely reason why firms whose employees receive these benefits do not require their employees to give the benefits to the firm?
Answer:
A. First Reason: Companies offer loyalty programs in order to encourgae repeated use of their services. The primary objective is to ensure that they can keep the customers they currently have and avoid having them go to competitors.
Second Reason: Loyalty programs help build a relationship between the customer and the company. Being thanked for your loyalty by a specific company will typically leave customers with a more positive outlook on their trip. This relationship also allows companies to know what their customers preferences are. This ensures that they have a trip that is tailored to their specific needs.
B. Delta Skymiles, IHG Rewards, United MileagePlus, AA Advantage, Chase Rewards, etc
C. This gives their employees an additional perk for working at their firm. It is a huge benefit being able to have a free vacation when you desire to. This also helps the firm be more attractive to potential hires and help retain employees, thus giving them better access to human capital.
The monetary value of what a firm received for goods sold, services rendered, and other payments is termed
?
The answer is: Revenue or Revenies
Answer:
Revenue
Explanation:
The monetary value of what a firm received for goods sold, services rendered, and other payments is called the businesses "revenue." Revenue is profit received when businesses sell their goods to the consumer. Revenue can be gained by not only selling goods but giving services like fixing their house, giving therapeutic advice, or cleaning/repairing their teeth are some of the most common services sold.
Hope this helps.
There are four consumers willing to pay the following amounts for haircuts, and there are four haircutting businesses with the following costs: Consumers' Willingness to Pay Lorenzo: $35 Gilberto: $50 Juanita: $40 Neha: $25 Firms' Costs Firm A: $25 Firm B: $40 Firm C: $30 Firm D: $45 Each firm has the capacity to produce only one haircut. For efficiency, should be given. Which businesses should cut hair
Based on efficiency, the businesses that should cut hair are the A and C; moreover, to meet the demand, each firm will need to offer at least two haircuts.
The supply of a product or the units of a product that is offered to potential customers should always meet the number of real customers. In the same way, the price of the product should meet the price customers are willing to pay.
In this context, the best is that only firm A and C cut hair, this is because their prices per cut ($25 and $30) match the consumers' willingness to pay this includes Lorenzo ($35), Gilberto ($50), Juanita ($40) and Neha ($25).
Firm A can cut Neha's and Lorenzo's hairFirm C can cut Gilberto's and Juanita's hairMoreover, this implies each firm needs to do at least 2 haircuts to cover all the possible customers.
In the case of firms B and D, the price per cut is high ($40 - $45). Based on this, they should not cut hair as only a few customers can pay for this service, and this would be inefficient.
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How does techonology contribute the development of our economy?
Answer:
it's very important question because ppl focuses on investment they no think its profit or not people also contribute in theory which make advance machinery and helps to go rich the society
In economics, it is widely accepted that technology is the key driver of economic growth of countries, regions and cities. Technological progress allows for the more efficient production of more and better goods and services, which is what prosperity depends on.
Which of these is most closely associated with opportunity cost?
O A. consumerism
B. trade-offs
O C. entrepreneurs
D. productivity
Answer:
A
Explanation:
I have the same question from my class too my teacher marked it right.
A title pawn lender is a financial institution that ?
maganda ka ba??kung oo bakit ka nandito sa app na ito
Answer:
haha Hindi nman ako maganda
A paid-up nonforfeiture benefit will become effective as specified
in the policy, unless the person entitled elects another available
option within how many days after the due date of the premium in
default?
Answer:
Sixty days
Example:
That a specified paid-up nonforfeiture benefit shall become effective as specified in the policy unless the person entitled to make such election elects another available option not later than sixty days after the due date of the premium in default.planation:
TẠI SAO KHI MỘT DOANH NGHIỆP SẢN XUẤT HÀNG TIÊU DÙNG MUỐN MỞ RỘNG THỊ TRƯỜNG TIÊU THỤ SẢN PHẨM THÌ CẦN NGHIÊN CỨU CẢ CÁC ĐẶC ĐIỂM VĂN HÓA CỦA THỊ TRƯỜNG ĐÓ?
Explanation:
v toget ejak, jus like a ell kk the time I've ever experienced in water tank for the job to do it well that's a ell kk an hour and i will be ki xaina the morning to me I k h I is an of the first one ma jaun is the river la k padaunu vayo vane the first time in the morning and i is a ko be back by then you can come e backstabber Y the morning and i is a ko be back in the morning to get the first time I've ever had to get the first one ma jaun
With evidence-based decision-making, managers are encouraged to rely on data and information rather than their intuition. True or false
Answer:
True
Explanation:
Evidence-based decision-making is an approach to decision-making that states that managers should systematically collect the best evidence available to help them make effective decisions. ... With evidence-based decision-making, managers are encouraged to rely on data and information rather than their intuition.
Kelly, a production supervisor, is responsible for 10 employees who assemble components into a finished product that is sold to distributors. Kelly reports to Ben, a production manager, who in turn reports to Dan, a general manager, who reports to McKenna, a vice president of operations. Recently, McKenna asked Dan to have a meeting with Kelly and Ben regarding some customer concerns in the production area. The focus of the meeting was to judge the validity of the customer concerns, and to develop a specific plan to address these concerns.
► Kelly is a first-line manager
Reason for your answer:
► Ben and Dan are Middle managers
Reason for your answer:
► Mckenna is a Top manager
Reason for your answer:
► Kelly, Ben, Dan, and Mckenna are part of an organization that has a __________
B) Traditional pyramid structure
Reason for your answer:
Considering the situation above, Kelly is a first-line manager because he works with the workers directly.
This is because the first-line manager is generally considered the first level of management, and the role deals with working with actual employees on-site or production line.Ben and Dan are Middle managers because they have a manager(s) below them that report to them, and they also have a manager(s) above them that they report to.
A Middle Manager works between senior management and lower-level management.Kelly, Ben, Dan, and Mckenna are part of an organization with a traditional pyramid structure because their responsibilities follow the conventional level structures in an organization.
A typical traditional pyramid structure consists of CEO, Executive, Middle Managers, Low-Level Managers, and Employees.Hence, in this case, it is concluded that this kind of organization runs a traditional pyramid structure in terms of functions and positions.
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Larry was shopping at a Target store when he suddenly remembered he had an appointment with his Law 240
professor. Larry placed his backpack on a table, pulled his calendar notebook out of his backpack to confirm the
time he wrote down with the time stated in his phone calendar app, and quickly discovered that he would be late
for the appointment. Larry put the notebook back into his backpack and ran out of the store. As he exited, the
security guard asked Larry to accompany the guard to an office at the back of the store. Larry went with the guard.
Once there, the guard accused Larry of shoplifting and searched the backpack. The guard found the calendar
notebook, saw that it was already used and marked in, and apologized to Larry, explaining that the store had
recently been experiencing an outbreak of thefts. The whole incident took less than five (5) minutes. Under these
circumstances:
a. The Target store has a conditional privilege to stop persons it believes are shoplifting and the guard did not
detain Larry for an unreasonable period.
b. Larry can sue the Target store for false imprisonment.
c. the Target store has no conditional privilege to stop persons it believes are shoplifting and will be liable for
punitive damages.
d. Larry can sue the Target store for emotional distress and battery.
Answer:
d
Explanation:
The federal government is considering providing a per-student subsidy to private schools in the country. What is the anticipated
effect of the subsidy on the supply of private education? (1 point)
At any given price, the quantity supplied of private education will increase
The demand for private education will increase
The supply of private education will decrease
At any given price the quantity supplied of private education will decrease
Answer:
At any given price, the quantity supplied of private education will incease
Explanation:
Answer:
for the quick check in connexus
Explanation:
1. the price of a substitute in production
2. Local government increases the taxes that are levied on firms.
3. a shift of the supply curve for apple juice to the left
4. At any given price, the quantity supplied of private education will increase.
5. It is impossible to tell.
what is service quality all about
17. Why is it important to identify the stakeholders of a business? In your own words
Higher education typically has a positive return on investment because _____.
Answer:
Higher education loans generally have a positive ROI because you are building skills and work experience that can increase your future earnings.
Higher education typically has a positive return on investment because it builds skills and work experience that can increase your future earnings.
What is education?Education, as opposed to other non-formal and informal networking ways, is the subject concerned with strategies of learning and instruction in schools or school-like situations.
Higher Education gives pupils the intellectual tools they need to understand real-world situations, develop critical thinking skills, and make the best appropriate decisions. Education enables people to understand the social relationships, needs, and behavior of others.
Therefore, it can be concluded that higher education makes a person financially strong.
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Fill in the blanks to complete the passage about why firms do not always increase their
production.
Drag word(s) below to fill in the blank(s) in the passage.
Firms use cost data to make decisions about how many units to produce based on their costs.
Increasing production may not always lead to an increase in profit. Increasing production will cause a
firm's costs to increase, which could outweigh any benefits that were previously gained by
lowering their overhead-which is determined by their costs in the short run.
fixed and variable
variable
fixed
average fixed
The reason firms do not always increase their production is based on the following factors:
1. Fixed and Variable costs: The fixed and variable costs are used to decide the number of goods to produce.
2. Average Fixed costs: When a firm increases its production, the average fixed costs may increase.
3. Fixed costs: The overhead cost is the fixed costs in the short-run.
Thus, each of the three blanks is filled with correct answer. Note that the every business entity incurs both fixed and variable costs.
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Answer:
fixed and variable, variable, average fixed
Explanation: