Direct labor price variance measures the value of the distinction between the expected labor rate and the true labor rate. If the variance demonstrates that real labor prices had been higher than expected labor rates, then the variance will be regarded unfavorable.
What motives a direct labor fee variance?Increase in the national minimal wage rate. Hiring of more expert labor than anticipated in the trendy (this be mirrored in a favorable labor efficiency variance). Inefficient hiring via the HR department. Effective negotiations by way of labor unions.
Why is labor variance important?The labor efficiency variance measures the capability to make use of labor in accordance with expectations. The variance is beneficial for spotlighting these areas in the manufacturing system that are the use of greater labor hours than anticipated.
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https://brainly.com/question/15850958#SPJ4It takes a barber 5 minutes to serve one customer. Round your answer to two decimal places.
a. What is the capacity of the barber expressed in customer per hour?
b. Assuming the demand for barber is 7 customer per hour, what is the flow rate?
c. Assuming the demand for the barber is 7 customers per hour, what is the utilization? (percent)
d. Assuming the demand for the barber is 7 customers per hour, what is the cycle time? (minutes)
a. The capacity of the barber expressed in customers per hour is 12 customers per hour. b. The flow rate is 7 customers per hour. c. The utilization is 58.33%. d. The cycle time is 8.57 minutes per customer.
To calculate the different values based on the given information:
a. The capacity of the barber expressed in customers per hour is calculated by dividing the total available time in an hour (60 minutes) by the time it takes to serve one customer (5 minutes):
Capacity = 60 minutes / 5 minutes = 12 customers per hour
b. The flow rate is the lower value between the capacity and the demand. In this case, the demand is 7 customers per hour, so the flow rate would be:
Flow Rate = Minimum(Capacity, Demand) = Minimum(12 customers per hour, 7 customers per hour) = 7 customers per hour
c. Utilization is the ratio of the flow rate to the capacity, expressed as a percentage:
Utilization = (Flow Rate / Capacity) * 100 = (7 customers per hour / 12 customers per hour) * 100 = 58.33%
d. The cycle time is the reciprocal of the flow rate, expressed in minutes per customer:
Cycle Time = 60 minutes / Flow Rate = 60 minutes / 7 customers per hour = 8.57 minutes per customer (rounded to two decimal places).
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If the market price is $1,100, the combined totalcost of all participating sellers is
The prices and quantities that would take place in a market with perfect competition are those that are socially efficient. This occurs at price B and quantity Y, when marginal cost equals demand.
A market's overall surplus serves as a gauge for the general well-being of all members. Combined consumer and producer surplus make up this amount. Consumer surplus is the gap between what customers are prepared to pay and what they actually pay for a good. Total surplus in a market is the sum of production surplus and consumer surplus. The total area under the demand curve and above the price serves as a proxy for the total surplus in a market. The producer's total gain (or producer surplus) is shown as the area of the triangle between P(i) and the supply curve when the producer's total cost (the triangle under the supply curve) is subtracted from his total income (the rectangle).
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Paul owns a photography studio, and he has applied for a loan to
purchase a larger space so he can show his, and other local photographers’, work.
As part of the loan process, the bank reviews Paul’s credit history, which reveals that
Paul’s studio has been in operation for six months, Paul has an active loan on some
photography equipment for $8,000, Paul has a credit score of 650, and the studio
turns a decent profit. Given all this information, Paul’s loan is denied.
Determine which item from Paul’s credit history caused the denial.
Answer:
A credit score of 650 is slightly below average for the populace, coupled with the fact that the studio has been in operation for a short period of time and he has an outstanding loan of $8,000, is the reason he was rejected. It was the outstanding loan.
Explanation:
Which of the following are automatically withheld from paychecks?
on september 1, year 1, west company borrowed $54,000 from valley bank. west agreed to pay interest annually at the rate of 9% per year. the note issued by west carried an 18-month term. west company has a calendar year-end. what is the amount of interest expense that will be reported on west's income statement for year 1?
The amount of interest expense that will be reported on west's income statement for year 1 is $1619.838.
What is an expense for interest?The expense of interest is related to the price of borrowing money. The fee incurred by a business for borrowed cash is known as an interest expenditure. Interest expense can be the cost of borrowing money from banks, bondholders, and other sources on the income statement.
Given:
The interest expenses will be charged for 4 month (September 1 to December 31)
Interest expenses = $54,000 × 9% × 4/12
Interest expenses = $54,000 × 0.09 × 0.3333
Interest expenses = $1619.838
So, the amount of interest expense that will be reported on West's income statement for Year 1 is $1619.838
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during which phase below would a project manager initially evaluate the assumptions and expectations of stakeholders?
During phase 3 a project manager would initially evaluate the assumptions and expectations of stakeholders
Project management is the process of overseeing a team's activity to complete all project objectives within the established parameters. The project documentation that is prepared at the start of the development process typically include descriptions of this information.
Project management is frequently connected to industries like engineering, building, and, more recently, healthcare and information technology (IT), which frequently require the completion of a complicated set of components and their precise assembly to produce a finished product.
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______ If an employer enforces an English-only policy in all areas of the workplace and at all times, including break times and other free time, the:A) employer’s policy is presumptively discriminatory according to the Equal Employment Opportunity Commission (EEOC).B) employer is much safer from a charge of national origin discrimination than an employer who only enforces the policy in certain areas and at certain times.C) employer impermissibly violates Title VII of the Civil Rights Act, which protects the ability of workers to express their cultural heritage at the workplace.D) employer’s policy is not unlawful because all individuals, irrespective of their national origin, are required to speak English in the United States.
Answer:
A) employer’s policy is presumptively discriminatory according to the Equal Employment Opportunity Commission (EEOC).
Explanation:
The Equal Employment Opportunity Commission (EEOC) is a federal agency that was established by US Congress on the 2nd of July, 1965 based on the Civil Rights Act of 1964 so as to uphold and enforce all civil rights law against workplace discrimination by the employers or employees in the United States of America.
Equal Employment Opportunity Commission (EEOC) guidelines asserts that employers of labor wouldn't be held liable for national origin discrimination after implementing an "English-only" rule, if the employer can show that it is necessary for the following;
I. To communicate with customers who can speak English only.
II. To efficiently promote cooperative work assignments among teams (employees).
III. To enhance or facilitate safety during an emergency.
Hence, if an employer enforces an English-only policy in all areas of the workplace and at all times, including break times and other free time, the employer’s policy is presumptively discriminatory according to the Equal Employment Opportunity Commission (EEOC).
which company has the ability to outsource its operations and have its good or service produced in another country?
Apple, IBM, and Cisco Systems are examples of companies that can outsource their operations and have their goods or services manufactured in another country.
What exactly does the term "outsource" mean?Outsourcing is a strategic method by which an organization hires a third party to perform activities, manage operations, or provide services.
What is an example of outsourcing?For example, if you delegated a task to a different department or division within your company, this is referred to as internal outsourcing. External outsourcing, on the other hand, refers to a task that is delegated entirely to a third party.
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*Economics*
Which phrase best completes the list?
Types of Expenses — Utilities
Costs vary widely from region to region
Usually take up about 9 percent of a person's income
?
O A. Pay for vital services like water
B. Are paid to the government
O C. Allow a person to buy a home
O D. Do not need to be paid monthly
Answer:
O A. Pay for vital services like water
Explanation:
Utilities are expenses on essential and vital services common to households and businesses. They include water and sewage bills, electricity bills, and garbage disposal expenses. A firm offering such services generate utility bills. The cost covers a regular period, say mostly monthly.
Heating and internet or data costs are also being considered as utility expenses. They are common and essential for domestic and business use.
A down payment is usually what percentage of the asking price of a home?
Answer:
In most cases, you need a down payment of at least 3 percent of your target home price. Many loan types and lenders require 5 percent down or more. You can often save money if you put down at least 10 percent of the home price, and you'll save the most if you put down at least 20 percent.
Explanation:
i hopes this helps you
Answer:
5-20
Explanation:
I am built different
Qualified Business Income (QBI) Deduction (LO 4.10)Rob operates a small plumbing supplies business as a sole proprietor. In 2018, the plumbing business has gross business income of $421,000 and business expenses of $267,000, including wages paid of $58,000. The business sold some land that had been held for investment generating a long-term capital gain of $15,000. The business has $300,000 of qualified business property in 2018. Rob's wife, Marie, has wage income of $250,000. They jointly sold stocks in 2018 and generated a long-term capital gain of $13,000. Rob and Marie have no dependents and in 2018, they take the standard deduction of $24,000.The income threshold for QBI limitations starts at $315,000 for married filing jointly taxpayers.a. What is Rob and Marie's taxable income before the QBI deduction?$b. What is Rob and Marie's QBI?$154,000What is Rob and Marie's QBI deduction?$** Please give explanation and not just the answer. Thank you! **
Answer:
a. What is Rob and Marie's taxable income before the QBI deduction?
Rob and Marie's taxable income = Marie's wages + long term capital gains - standard deduction = $250,000 + $13,000 - $24,000 = $239,000
b. What is Rob and Marie's QBI?
QBI = total business income - total business expenses = $421,000 - $267,000 = $154,000
What is Rob and Marie's QBI deduction?$
the maximum possible QBI deduction is 20% of the QBI, but it starts to phase out if the couple's other income is more than $315,000 (currently the phase out threshold is a little higher $326,600). Since their taxable income is lower than the threshold, they can deduct the maximum amount = $154,000 x 20% = $30,800
T/F?
Corporate retreats, according Ram Charan in the textbook, give companies an opportunity to look beyond their own industries to evaluate trends that could impact their own industries in the future.
True The assertion made by Ram Charan is true. Companies should be given the chance to look outside of their own industries for emerging trends.
Why is it crucial to consider market trends?By comparing your company to others, trend analysis enables you to build a baseline for how your company should run both in its early stages and as it continues to grow.
What advantages do trends offer?Based on what has previously occurred, trend analysis enables you to anticipate what will happen in the future. It gives firms data on spending, product development, marketing and sales effectiveness, and more. enabling companies to make data-driven judgements about upcoming occurrences.
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Hina joined a team that was responsible for boosting sales on last year’s digital models. The team was scheduled to run for five months, meeting once a week. The team consisted of four members, all with marketing and sales backgrounds. When the group first met, they learned they had much in common outside of work. Eventually, most of each meeting was spent talking about topics unrelated to work. At one meeting hina said, "you know, we have to have a presentation ready in less than two months. " that seemed to set everyone in motion. The group quickly divided responsibilities and got to work. The presentation was a success. What does this scenario describe?.
The situation discussed here of marketing & sales division describes the role of a Leader in core functional organizational structure.
What is Functional Organizational Structure?A typical sort of business structure is a functional organizational structure, which divides a corporation into various departments according to areas of competence and groups personnel according to specialization, skill, or related functions.
The sales team consist of personnel who are basically from marketing & sales backgrounds. Further motion study helps to improve the present scenario of eliminating the wastefulness of time with help of Team leader.
Thus regular meeting in a week by a leader can help in effective management of functional organizational structure.
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What is moral myopia? Why do you think an advertising professional might experience this phenomenon?
Answer: See Explanation
Explanation:
Moral myopia occurs when someone is unable to clearly see ethical issues. In this case, people decide not to say anything even though they see the unethical behavior of others.
An advertising professional might experience moral myopia in the sense that such person looks away when he or she sees an unethical act because of fear of losing his or her job and also because of fear of losing a customer.
It is a rainy day, and you are considering taking an Uber one mile to meet some friends. You have decided you are willing to pay $20 to avoid getting wet from the rain. The trip would normally cost you $8, but due to the weather the surcharge is triple the regular cost. You should _____ because the benefit to you of taking the Uber is _____ than the cost.
Answer:
I would say A or B I think B sounds more logical but im not sure.
Explanation: I hope its right:)
Commercial hotels are usually in downtown or _____________ districts.
Answer:
buisness
Explanation:
Blueroot Inc. is considering a change in its financing policy. Currently, it uses maximum trade credit by not taking discounts on its purchases. The standard industry credit terms offered by all its suppliers are 2/10 net 30 days, and the firm pays on time. The new CFO is considering borrowing from its bank, using short-term notes payable, and then taking discounts. The firm wants to determine the effect of this policy change on its net income. Its net purchases are $11,760 per day, using a 365-day year. The interest rate on the notes payable is 10%, and the tax rate is 40%. If the firm implements the plan, what is the expected change in net income?
Answer:
net income should increase by $38,448
Explanation:
net purchases per day = $11,760
net purchases x 20 days = $11,760 × 20 = $235,200
interest expense = $235,200 × 10% = $23,520
the gross amount purchased during the 20 day period:
= (net purchases × 365) ÷ (1 - discount rate) = ($11,760 × 365 days) ÷ (1 - 0.02) = $4,292,400 / 98% = $4,380,000
lost discounts = $4,380,000 × 2% = $87,600
the after tax change in net income = ($87,600 - $23,520) × (1 - 40%) = $64,080 × 60% = $38,448
D. now suppose instead that domestic tire producers in the united states convince the government to impose a tariff (tax) on imported tires with the goal of doubling the quantity of domestic tires produced compared to the quantity supplied at the world price. how large would the tariff need to be to achieve this goal?
Answer: Protective tariff; Revenue
Explanation:
Broker Freehand and Broker Get Rich make a deal that Freehand will take all the listings on the north side of town, which are located near his office and Broker Get Rich will take all the listings on the south side near his office. They have agreed not to cross into each other's territories or allow their salespeople to do this. They have also agreed to set their rates at 7% so that the sellers will all pay the same fee. Is this acceptable
No, this is a violation of the Sherman Antitrust.
What makes it "antitrust"?
Competition law is antitrust law. The answer is that these laws were initially created to prevent abuses that were being threatened by or imposed by the massive "trusts" that emerged in the late 19th century.
Price fixing, bid rigging, and market division among rivals (commonly referred to as "horizontal agreements") are the most frequent violations of the Sherman Act and the ones that are most likely to be criminally prosecuted.
Therefore, The Sherman Anti-Trust Act gave the government the right to file lawsuits against trusts and dissolve them.
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Intelligence incorporated produces 100 computer chips and sells them for $200 each to bell computers. Using the chips and other labor and materials, bell produces 100 personal computers. Bell sells the computers, bundled with software that bell licenses from macrosoft at $50 per computer, to pc charlie’s for $800 each. Pc charlie’s sells the computers to the public for $1,000 each. Calculate the total contribution to gdp using the value-added method.
The value added for each agent in the economy is as follows
Intelligence incorporated: 100 x 200 = 20,000
Bell: 800*100 - 20,000 - 50 x 100 = 55,000
PC Charlie's: 1000 x 100 - 800 x 100 = 20,000
GDP = 20,000 + 55,000 + 20,000 = $95,000
What is the value-added method?In business, the total value added is calculated by adding the unit value contributed for each sold unit of a good. The total value added is therefore equal to revenue less intermediate consumption.
Employee remuneration, which represents a return on labor, and earnings before taxes, which represents a return on capital, very closely match the total value produced.
For integrated organizations, value-added represents a higher percentage of sales; for less integrated companies, value-added represents a lower percentage of revenue.
The term "value-added" in economics, and more specifically macroeconomics, refers to the improvement in the product's value and the income of the persons who own the production-related variables.
Consequently, both labor and capital contribute to the value added by the nation.
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A core belief is best described as
Core beliefs are solid convictions that a person has held through time and consistently that shape their worldview and sense of self.
What is a worldview example?The term "worldview" often relates to a perception of reality which offers a broad framework for how the world or the cosmos are put up. The worldviews of various belief systems, religions, ideologies, and even science itself might have different conceptions of the universe.
What is a contemporary worldview?prevailing worldviews. Modern thinkers place a strong emphasis on reason and science, and often challenge enforced beliefs from the past and (religious) traditions. They frequently question what they perceive to be orthodoxy or "group mentality" and are forceful. "Sapere aude" was the Enlightenment's catchphrase, according to the philosopher Kant.
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A hypothesis serves as: A way of eliminating extraneous variables from the research design A way of developing an IRB application A way of assessing the study results A proposed mechanism by which key factors relevant to a research question interact with one another
Option (d), A hypothesis describes a potential method through which important variables pertinent to a study question interact.
How should we interpret the research method hypothesis?A hypothesis is a specific, testable prediction of what the researcher(s) anticipate the findings of the study to be (plural: hypothese). It is acknowledged at the opening of the inquiry.
Why does the hypothesis exist?As was said before, a hypothesis drives the collection and interpretation of data and provides a solution to the research question. Along with finding links between variables, hypotheses can also be used by researchers to anticipate associations between variables using theoretical concepts and/or real data.
What kinds of theories are there?The null hypothesis and the alternative hypothesis are the two frameworks that are typically used in research when presenting your hypothesis (referred to as the experimental hypothesis when an experiment is the investigational procedure.).
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You are considering buying a building in downtown Asheville. The building is selling for $10 million, and you anticipate an annual FCF of $1 million. At the end of 10 years, the building will be half depreciated, and at this point you think you can sell the building for $15 million. If your cost of capital is 17%, does the building have positive NPV? Assume a 20% capital gains tax on the sale of the building in 10 years; income taxes and depreciation tax shields have been included in the annual FCF of $1 million
The building has a positive NPV and is a good investment opportunity based on our assumptions
To determine whether the building has a positive net present value (NPV), we need to calculate the present value of the expected future cash flows and subtract the initial cost of the building.
First, we need to calculate the cash flows for each year. We know that the annual free cash flow (FCF) is $1 million, and that the building will be sold for $15 million at the end of 10 years, but we also need to account for the capital gains tax. The capital gains tax is 20% of the capital gain, which is the difference between the sale price and the half-depreciated value of the building. The half-depreciated value of the building is $10 million / 2 = $5 million, so the capital gain is $15 million - $5 million = $10 million, and the capital gains tax is 20% of $10 million = $2 million.
Year 1-9:
FCF = $1 million per year
Year 10:
Sale Price = $15 million
Capital Gains Tax = $2 million
Net Sale Proceeds = $15 million - $2 million = $13 million
Next, we need to calculate the present value of each cash flow. We can use the formula:
PV = FCF / (1 + r)^n
where r is the cost of capital (17%) and n is the number of years.
Year 1-9:
PV = $1 million / (1 + 0.17)^n = $1 million / 6.75 = $148,148.15 (rounded)
Year 10:
PV of Net Sale Proceeds = $13 million / (1 + 0.17)^10 = $2,499,342.19 (rounded)
Now we can calculate the NPV:
NPV = sum of PVs - initial cost of building
NPV = ($148,148.15 x 9) + $2,499,342.19 - $10 million
NPV = $1,735,333.34
Since the NPV is positive, the building has a positive NPV and is a good investment opportunity based on our assumptions. However, it's important to note that this analysis is based on several assumptions, and actual results may differ. It's always a good idea to conduct a thorough analysis and consider various scenarios and risks before making any investment decisions.
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1) Using the case to respond, assess three reasons why several international companies are recruiting (woo-ing) their executives from "Third Country Nationals" TCN’s
There are several reasons why international companies are recruiting Third Country Nationals (TCNs) for executive positions including cost-effectiveness, cultural knowledge and language proficiency
Cost effectiveness: Often, TCN's are willing to work for lower salaries than their counterparts in the home or host country. This can save the company a significant amount of money in terms of labor costs.Cultural knowledge: TCN's often have a deep understanding of the culture and customs of the host country, which can be invaluable for an international company. This can help the company navigate cultural differences and avoid potential pitfalls.Language proficiency: Many TCN's are multilingual, which can be a huge asset for an international company. Being able to communicate effectively with employees, customers, and other stakeholders in multiple languages is crucial for the success of a global business.Learn more about International companies:
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Managers use the process of ________ to assess the relative qualifications of the candidates' potential to perform well in a particular position.
A. selection
B. performance appraisal
C. recruitment
D. onboarding
Managers use process of selection to assess relative-qualifications of candidates potential to perform well in particular position, correct option is (a).
The selection process involves evaluating and comparing candidates based on their skills, qualifications, experience, and other relevant factors. This may include reviewing resumes, conducting interviews, administering tests or assessments, checking references, and considering other selection methods.
The goal of the selection process is to identify the most suitable candidate who has the necessary qualifications and capabilities to excel in the position. Selection helps organizations make informed decisions about hiring and placing candidates in roles that align with their abilities and potential for success.
Therefore, the correct option is (a).
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4.
manager wants to give a pay rise to everyone who is paid less than the average salary.
This table shows the annual salaries of the employees in the company.
Employee
Salary (in £ thousands)
AJ
16
TM
23
WF
23
SW
22
MT
15.5
RD
18.5
JR
20
LS
23
PB
36
Tick all of the employees who are paid less than the median salary.
Answer: AJ, MT, RD, Jr
Explanation:
Given the following data :
AJ - 16
TM - 23
WF - 23
SW - 22
MT - 15.5
RD - 18.5
Jr - 20
LS - 23
PB - 36
Median salary can be calculated thus :
Arranging salary in ascending order of Magnitude :
15.5, 16, 18.5, 20, 22, 23, 23, 23, 36 (£ thousand)
Meduan salary is the 5th figure in the arrangement = £22 thousand
Therefore, those earning less than the median salary are:
AJ, MT, RD, Jr
The Profit Margin is calculated by
using which of the following?
A. Statement of Equity
B. Income Statement
C. Revenue Statement
Answer:
Explanation:
B. Income Statement
The purpose of ______ is to match supply and demand among the producers and consumers of society as a whole.
The purpose of Microeconomics is to match supply and demand among the producers and consumers of society as a whole.
What is microeconomics?Microeconomics is the study of decisions made by people and businesses regarding the allocation of resources, and prices at which they trade goods and services.
Examples of microeconomics include:
SupplyDemandCompetitionPrices of goodsHence, Microeconomics aims at matching supply and demand among the producers and consumers of society as a whole.
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The KimTay database must combine data from all of its tables in order to print a(n) _____. -inventory report -invoice -sales rep directory -customer directoryAs Figure 1-1 shows, a KimTay invoice includes information that is stored in all five database tables: customer information, the sales rep's name, invoice number and date, purchased line items, and item descriptions
The KimTay database must combine data from all of its tables in order to print an invoice.
An invoice is a document that contains information about a customer's purchase, including the items purchased, the prices of the items, the total amount due, and other relevant details. In order to create an invoice, the KimTay database needs to combine data from all five of its tables, including the customer information table, the sales rep directory table, the inventory table, the invoice table, and the line item table.
By combining information from these tables, the database can generate an accurate and complete invoice for each customer transaction.
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Clean123 Inc. is a closing out it’s dividends account. Which account will it use in the closing entry?
A. service revenue b. retained earnings C. income summary D. operating expenses
Clean123 Inc. will use the Income Summary account to close out its dividends account.
Clean123 Inc. is closing out its dividends account and must record a closing entry to transfer the balance to another account.
The four options presented are service revenue, retained earnings, income summary, and operating expenses. Of these options, Clean123 Inc.
would use the Income Summary account to close out its dividends account.
The Income Summary account is used to summarize all of the company's revenues and expenses for the accounting period and determine the net income or loss.
This account is used in the closing process to transfer the balances of temporary accounts, including dividends, to the Retained Earnings account, which is a permanent account that tracks the company's earnings over time.
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