Classify the following fixed costs as normally being either committed or discretionary:
(d) Long-term equipment leases.
Answers
Costs as normally being either committed or discretionary is Committed costs.
What is a Committed Cost?
An investment that a company organization has already made and cannot be recouped in any way, as well as commitments that the firm has already made and cannot break. When examining firm spending for potential reductions or asset sales, it is important to be aware of which costs are committed costs.
A committed cost typically comes with a long-term formal arrangement, like a 10-year lease commitment. Or, a power plant has committed to purchasing diesel fuel for its generators over a 20-year period. Extremely high penalties may be required in order to leave these contractual agreements, therefore it might be quite challenging.
Example of a Committed Cost?
The entire $46,000 is a committed cost if a business purchases a machine for $40,000 and also issues a purchase order to pay for a maintenance contract for $2,000 over the course of the following three years. This is because the business has already purchased the machine and is under a legal obligation to pay for the maintenance. Since it is very difficult to terminate a lease agreement, a multi-year property lease agreement is also a committed fee for the duration of the lease.
Terms Similar to Committed Cost
A committed cost has some similarity to the term sunk cost.
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Related Questions
market offerings which have elements of both a product and service, and focus on how they make customers feel are called .
Answers
A group of activities known as marketing are concerned with developing, disseminating, delivering, and trading offerings that are valuable to other people.
The goal of marketing in business is to add value to the clients that the company wants to find, please, and keep.
Although the focus of this module will be on marketing's function in business, many of the ideas covered also apply to non-profit organizations, advocacy efforts, and other activities that try to change people's attitudes and behaviors.
Marketing produces a collection of products and services that the business charges clients for.The offering price, an intangible service or value, and a tangible good make up the package.
You can assess the material, intangible, and monetary aspects individually while contrasting different cars, for instance.
When you truly make a decision, you cannot purchase a car from one manufacturer, services from another, and a price from a third manufacturer.The three come together to form an offer or bundle from a single company.
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Why are short term and long term goals important when it comes to money? Give an example of each
Answers
Answer:
bc will need for emergency in short time and long time for collage
Explanation:
Answer:
The precision of planned statistics that relate to future activities is a benefit of short-term planning. Long-term planning may be less trustworthy due to the inaccuracy of longer-term projections.
Long-Term Financial Objectives For most people, the most important long-term financial objective is to save enough money to live comfortably.
Virtually all organizations, from small startups to huge established firms, require short-term money management. Even huge corporations with seemingly strong financial accounts have declared bankruptcy because they were unable to pay their existing obligations.
Explanation:
Research Your Comic Strip
When you are thinking about which careers you would like to pursue, it can be helpful to find out what a typical day in a certain job is like. For this assignment, you will create a “day in the life” comic strip that shows the job duties of someone who has a job in operations management.
“But I’ve never worked in any of those jobs,” you might say. You can research one of those jobs in one or more ways:
Think about what you learned in the unit.
Use some of the research you completed in Activity 1, if you completed that activity.
Interview a friend, family member, or neighbor who has had a job in some type of operations management.
Use different browsers and search engines to find information. For example, you might use search terms such as “quality control manager day in the life” or “purchasing agent everyday tasks.”
You will probably have to use more than one research method to get the information you need.
Step 2: Rough Out Your Script
Most comic book artists create a script before they begin drawing. Here are some steps to help you.
Think about what you have learned.
Put the tasks in time order: What happens early in the workday, in the middle of the day, and before the person leaves work?
Will your comic include dialogue? That means words spoken between people.
What terminology does someone in this job use? Decide whether you will use it in your comic.
What are the most important things you want your reader to know about this job?
Step 3: Draw Your Comic
Now that you know what information you want to include and in what order, start drawing your comic. Don’t worry about being a great artist. You can use stick figures if you want to. Just make sure a reader can understand the sequence of events and learn about this career path.
You can create your comic by folding a piece of paper into sections (one section per panel) or by using illustration software or presentation software (one screen or one slide per panel). If you draw your comic, take a picture of the final comic and submit the image.
Submit your comic to the dropbox.
Answers
Answer:
"Comics" is used as a non-count noun, and thus is used with the singular form of a verb, in the way the words "politics" or "economics" are, to refer to the medium, so that one refers to the "comics industry" rather than the "comic industry".
"Comic" as an adjective also has the meaning of "funny", or as pertaining to comedians, which can cause confusion and is usually avoided in most cases ("comic strip" being a well-entrenched exception).
Explanation:
Comic strip conversations are a technique developed by Carol Gray to help people with autism develop greater social understanding. Comic strip conversations provide visual representations of the different levels of communication that take place in a conversation, using symbols, stick figure drawings and colour.
Comic books also provide authentic material to depict how grammar is used in conversations as opposed to sentences without background. They are funny and will engage the students. It also promotes learning different cultures as comic books are used across the world which will further boost vocabulary.
So let's focus first on the five features that are probably the most important: image style, words and word containers, word-image relationships, undrawn inferences, and layout. You can spend hours exploring them, but here's a brief introduction to each.
who else have been in a long distance relationship for over a tear and still haven't meet their partner
Answers
Answer:
meh
Explanation:
almost did lol word word word
Answer:
some people
Explanation:
:-) :-) :-) :-) :-) :-) :-) :-)
When jake goes to work, he drives at an average speed of 60 miles per hour. It takes about 1 hour and 30 minutes for jake to get to work. His car travels about 25 miles per gallon of gas. If gas costs $3. 65 per gallon, approximately how much money does jake spend on gas to get to work?.
Answers
Jake spends $13.14 on gas to get to work.
Jake's car travels 25 miles for 1 gallon of gas.The cost for one gallon of gas is $3.65 per gallon.The total miles travelled is 60 miles/ hour * 1 hour 30 minutes.Total miles travelled = 60 * (1.5)Total miles travelled = 90 milesThe gas used for 25 miles is 1 gallonThe gas used for 90 miles is 90/25 = 3.6 gallon.The cost of gas is $3.65 per gallonThe cost of 3.6 gallon is 3.65 *3.65The cost of the gas used to get to work is $13.14.What is an Equation?
An equation is a mathematical announcement fashioned whilst expressions are equated the usage of an identical sign.
The equations are beneficial in willpower of unknown parameters.
The common speed of Jake while he goes to work is 60 miles/hour.
The time taken to attain to work is 1 hour 30 minutes.
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what candy company produced the first heart-shaped box of chocolates
Answers
The answer is Cadbury chocolates, it was company which produced the first heart-shaped box of chocolates.
What is a brief definition of a company?A sort of business organization known as a company is a legal entity distinct from its owners. Due to additional reporting requirements and higher-level legal obligations, it is a complex corporate structure with greater setup and administrative costs.
What distinguishes a firm from a business?A firm can also be referred to as a "business." It is a general term that refers to all different kinds of business companies. Having said that, enterprises include fundamental entities that, in contrast to companies, aren't regarded as distinct legal entities. For instance, a sole proprietorship is not a distinct legal entity.
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Costs already incurred in manufacturing the units of a product that do not meet quality standards are relevant costs in a scrap or rework decision.
T/F
Answers
False. Relevant costs in a scrap or rework decision are costs that would be incurred regardless of whether the product is scrapped or reworked, such as labor costs for employees involved in the process, overhead costs, and materials used in the production process.
In contrast, costs that would only be incurred if the product is scrapped or reworked, such as disposal costs for scrapped materials or the cost of materials to be used in rework, are not relevant costs.
Relevant costs are those that are directly related to the decision of whether to scrap or rework a product. They are costs that would be incurred regardless of whether the product is scrapped or reworked, and are therefore relevant to the decision-making process.
For example, labor costs for employees involved in the scrap or rework process, such as quality control inspectors, are relevant costs. These costs would be incurred whether the product is scrapped or reworked, and are directly related to the decision of whether to scrap or rework the product.
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YouKnow Inc. is a corporation that creates educational resources. It grants Middlewest Public School the right to use its online encyclopedias for three years in return for a fee. In this arrangement, YouKnow Inc. is the ________.
Answers
YouKnow Inc. is a corporation that creates educational resources. It grants Middlewest Public School the right to use its online encyclopedias for three years in return for a fee. In this arrangement, YouKnow Inc. is the licensor.
A person or business that grants sell, or otherwise transfers to another a restricted right to use something that they have exclusive legal rights over. The legal name for the authority so granted is a license, and the individual who benefits from the grant is known as a licensee.
License agreements come in a variety of forms. The International Manufacturing License Agreement and the International Trademark License Agreement are the two that are most frequently used in international trade.
A licensing agreement is a document that outlines the terms and conditions under which you are permitted to utilize the property of another party. The licensor, who grants permission, and the licensee, who receives permission, are the two parties to this agreement.
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If one party's termination of an agency contract breaches the contract, the other party can sue for ________.
Answers
If one party's termination of an agency contract breaches the contract, the other party can sue for damages.
The damages sought may include the costs incurred as a result of the breach, such as lost profits or expenses incurred in finding a replacement agent. The amount of damages will depend on the specific circumstances of the breach and the terms of the agency contract.
In some cases, the contract may include a provision for liquidated damages, which are a predetermined amount that the breaching party will be required to pay in the event of a breach. Ultimately, the specific legal remedies available will depend on the laws governing agency relationships in the jurisdiction where the contract was formed.
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the discussion section of a research paper interprets, integrates, and critically analyzes the published literature relevant to your study. true or false
Answers
True. The discussion section of a research paper is where the author interprets, integrates, and critically analyzes the published literature relevant to their study.
This section provides an opportunity for the author to draw connections between their findings and previous research, and to contextualize their results within the broader field of study.
In addition, the discussion section may also address the limitations of the study, identify areas for future research, and discuss the implications of the study's findings for practice, policy, or theory. Overall, the discussion section is a critical component of a research paper, as it allows the author to synthesize their results and situate their study within the existing literature.
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'The given statement is true because the discussion section of a research paper is one of the most critical sections of the paper.'
It is where the researcher interprets, integrates, and critically analyzes the published literature relevant to their study. In this section, the researcher discusses the findings in light of the existing literature and evaluates the significance of their results.
In the discussion section, the researcher highlights the similarities and differences between their findings and those of previous studies. They also point out the strengths and weaknesses of their study and suggest areas for future research. The discussion section provides an opportunity for the researcher to demonstrate their understanding of the research question, their analytical skills, and their ability to draw meaningful conclusions from their results.
The discussion section is also where the researcher can address any limitations of their study, including potential sources of bias or errors, and how these limitations might impact the results. They can also explain any unexpected or contradictory findings and propose explanations for these results.
Overall, the discussion section of a research paper is essential for interpreting and integrating the literature, evaluating the significance of the results, and suggesting directions for future research. It is a crucial part of the research process, and it is essential to ensure that it is well-written and well-supported.
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Market research has produced the following estimates of cross elasticity of demand.
Branded cola and branded iced tea +1.5
Branded cola and own label cola +0.5
a Explain what these estimates mean and their business significance for sales of branded cola when the price of branded iced tea and own label cola increase by 20%.
b Using diagrams, explain how the market is likely to be affected by:
i A substantial cut in the price of branded ice tea.
ii A substantial increase in the price of branded cola.
Answers
a) The cross elasticity of demand measures the responsiveness of the demand for one product to a change in the price of another product.
b) i) A substantial cut in the price of branded ice tea would likely result in a decrease in the demand for branded cola as consumers switch to the cheaper substitute.
ii) A substantial increase in the price of branded cola would likely result in a decrease in the demand for branded cola, as consumers switch to other substitute products.
Elasticity refers to the measure of the responsiveness of a product's demand or supply to changes in price, income, or other factors that affect market conditions. The degree of elasticity is determined by how much a change in one variable affects the other variable. If a product's demand is elastic, it means that a small change in the price of the product will have a significant impact on the demand for it.
On the other hand, if the demand is inelastic, it means that a change in price will not have a significant impact on the demand for the product. Similarly, if a product's supply is elastic, it means that a small change in price will result in a significant change in the quantity supplied, whereas if the supply is inelastic, the change in price will not have much effect on the quantity supplied.
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which practice indicates integrity
Answers
The practice indicates integrity is C. recording facts correctly in official reports .
What is integrity?Integrity can be described as the practice of being honest as well as showing a level of morals in handling things that is very crucial in the organization as well as the society at large.
It should be noted that to honest entails the the act of being consistent as well as having uncompromising adherence with the values as well as the principles that involves moral in a particular organization,
In conclusion the integrity is very essential because any organization or a society that the act of integrity is flourishing, there will be a reduced crime rate as well as corruption of any form because people will be honest with the things that concern the public as well as the things that can make the society to move forward both politically and economically.
Therefore, option C is correct.
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Check the missing options:
A. manipulating people for everyone’s benefit B. inflating product costs in accounting ledgers C. recording facts correctly in official reports D. indiscriminately providing company data to external parties
the economic system in the united states is called a ____ economy
- market
- mixed
- command
- traditiol
Answers
Answer:
Mixed Economy
Explanation:
Hope this helps
What is the proper balance between dealing with negative externalities through government regulation or through torts?
Answers
Answer:
Government regulation is the best way to deal with negative externalities
Explanation:
An externality is the effect of the activities ( mostly economic ) of an individual on third parties whom are not direct participants in such activities ( mostly economic ) and this externalities can be either positive or negative .
A proper balance by which Government can deal with negative externalities is by increasing taxes on the production of goods and services that leave a trail of negative externalities on third parties. that way the cost of production of such goods and service will discourage its production
Which type of savings plan offers the lowest interest rate?

A.
Checking account

B.
Money market account

C.
Savings account

D.
Certificate of deposit
Answers
describe the two ways you can earn money when you invest in a company’s stock.
Answers
Answer:
through capital appreciation or dividends
Explanation:
from investing in shares, a person can expect to earn through capital appreciation for example on the gains made on by the capital when share prices rise
Choosing a home can be a very personal matter. Some people care most about the location, while others are most concerned about the size, style, and amenities. What are your top priorities in choosing a home? What do you feel is unimportant in a home? Based on your priorities, what type of house do you think you'd be likely to buy?
Answers
Answer:
1:if i have enough money for the purchase.
2:if it suits my personal attributes.
st. peter's in rome was paid for in part by selling indulgences. indulgences are:
Answers
The given statement is "st. peter's in rome was paid for in part by selling indulgences. indulgences are" is True.
St. Peter's in Rome was partially financed through the sale of indulgences, which were a form of forgiveness for sins granted by the Catholic Church. During the Middle Ages and Renaissance, the sale of indulgences became a controversial practice, as critics argued that it allowed wealthy individuals to essentially purchase forgiveness for their sins, while others were left without access to such pardons.
The sale of indulgences was one of the factors that contributed to the Protestant Reformation in the 16th century.
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the internal rate of return always give you multiple solutions, and therefore we should not use it. group of answer choices true false
Answers
The statement "The internal rate of return (IRR) always gives you multiple solutions, and therefore we should not use it" is false, because The internal rate of return is a widely used metric in financial analysis and capital budgeting.
While it is true that in some cases, IRR might yield multiple solutions due to the nature of the calculations, this does not mean that it is always the case or that it should not be used at all.
The internal rate of return is a widely used metric in financial analysis and capital budgeting. It helps in assessing the profitability of potential investments by calculating the discount rate that equates the present value of expected cash inflows with the initial investment cost. In other words, it represents the expected annual rate of return on an investment.
Although there might be instances where multiple IRRs can be obtained, it is important to recognize that these cases are relatively rare. Moreover, there are alternative methods, such as the Modified Internal Rate of Return (MIRR), which can be employed to overcome these issues and provide a more accurate measure of the investment's profitability.
In conclusion, the statement that the internal rate of return always gives multiple solutions and should not be used is false. IRR is a valuable tool in financial analysis and can be effectively utilized with appropriate caution and adjustments when needed.
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What is an example of marketing through sports?
Free Bobbleheads being given out in a stadium
Gatorade advertising athletes drinking their product
tora
A team selling its own jerseys on a website
The NFL selling season tickets for a certain team
Answers
One illustration of sports marketing is Gatorade's advertisement for athletes to drink their product, tora. Option B is correct .
What is Sports Marketing ?Sports marketing is a subfield of marketing that focuses on both promoting other products and services through sports teams and events that are geared toward customers and fans and promoting sports events. It is a service in which a tangible product or a brand name can be promoted. The objective is to furnish the client with systems to elevate sports or to advance another item, administration, business or cause through sports. Through exchange processes, sports marketing is also designed to satisfy consumers' requirements and preferences.
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Jaime, a new student, was placed in a study group to prepare for an upcoming science test. Science is a difficult subject for him, and he was worried about failing the test. However, after a few study group sessions, he was much more comfortable with the concepts. Fellow group member Mike was able to explain cell division to him in a way he could finally understand! Jaime looked forward to learning more in each session and enjoyed getting to know his fellow group members. He even made plans to go to a movie with his new friends!
Which benefits of collaboration are evident in the scenario? Check all that apply.
Jaime was engaged in his learning.
Jaime formed a community bond.
Jaime remembered what he learned at test time.
Jaime got a fresh perspective on how to learn something that had been difficult in the past.
Jaime now understands the concepts more deeply.
Answers
Answer:a,b.d,e
Explanation:
all except for the one in the middle
Answer:
a, d, b, &e
Explanation:
is it ethical or unethical to cheat on your taxes? Explain why or why not
Answers
Answer:
it would be unethical to do that because you are breaking the law
Answer:
It would be unethical.
Explanation:
coconutoil2217 is correct, it would be unethical to cheat on your taxes.
under the affordable care act which clasification applies tohealth plans based on amount covered cost
Answers
Under the Affordable Care Act (ACA), health plans are classified based on the amount of covered costs into four categories: Bronze, Silver, Gold, and Platinum.
The Bronze plans typically have the lowest premiums but the highest out-of-pocket costs, with the insurer covering about 60% of the healthcare expenses. Silver plans cover around 70% of the costs, Gold plans cover around 80%, and Platinum plans cover around 90%. These categories help consumers understand the level of coverage they can expect from a particular health plan and make informed decisions based on their healthcare needs and budget. The ACA also provides subsidies and cost-sharing reductions to make insurance more affordable for eligible individuals and families.
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when the united states gives foreign aid to developing nations in africa, which of the following balance of payments account is affected? a central bank b financial account c foreign exchange account d account current account e reserve account
Answers
When the United States gives foreign aid to developing nations in Africa, the balance of payments account that is affected is the current account.
The current account tracks the flow of goods and services, as well as income and transfers, between countries. Foreign aid is considered a transfer payment and is recorded as a debit on the current account. This means that the United States is spending money that will not be repaid or generate any income in return. Other balance of payments accounts include the capital account, which tracks investment flows, the financial account, which tracks financial assets and liabilities, the foreign exchange account, which tracks currency exchange rates, and the reserve account, which tracks central bank reserves. However, foreign aid is not typically recorded in these accounts.
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stacey wanted someone to paint her house. jessica offered to do it for $300 while nancy offered to do it for $250. a few days after stacey entered into a contract with nancy, nancy increased her fee to $400. by this time, jessica was not interested in entering into a contract with stacey anymore. stacey can seek to be compensated on the basis of a:
Answers
Stacey can seek to be compensated on the basis of a breach of contract by Nancy. When Stacey entered into a contract with Nancy, they agreed on a specific price for the painting job.
However, Nancy increased the price after the contract was made, which is a breach of the contract. Stacey can argue that she relied on the initial agreed-upon price and made a decision based on that. Stacey can seek to be compensated for the difference between the initial agreed-upon price and the new increased price charged by Nancy. However, the specific legal remedies available to Stacey may depend on the laws and regulations in her jurisdiction.
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a business is employing inputs such that the marginal product of labor is 50 and the marginal product of capital is 100. the price of labor is $20, and the price of capital is $50. if the business wants to minimize costs while keeping output constant, then it should
Answers
Less labor and more capital should be used by the company if it wishes to keep costs low and production steady.
What is cost minimization?The primary principle that producers employ to determine what combination of labor and capital delivers output at the lowest cost is cost minimization. To put it another way, what would be the most economical way to deliver goods and services while keeping an acceptable level of quality.
Costs are reduced so that the marginal product of labor divided by the wage (w) equals the marginal product of capital divided by the capital rental price at the levels of capital and labor (r).
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Which of the following employees would likely receive a salary instead of wages?
a) Store clerk
b) Factory employee
c) Manual laborer
d) Sales manager
Answers
The sales manager is one of the employees who most likely would receive a salary rather than wages. Option D is correct.
A Sales Manager is responsible for hiring, training, and providing professional development for their teams. They also set weekly, monthly, or quarterly goals based on how well the team has done so far. They also make reports that show how well each person meets these seasonal goals.
Deal strategy should be mastered by sales managers. During your time as a sales rep, you will have developed the skills to devise a strategy for closing a deal, identify next steps, and create an account plan. You need to take these skills to the next level as a sales manager and help your team learn new ones.
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4-Strategy should focus PRIMARILY on the organization's: a. shareholders b. customers c. products d. employees
Answers
Answer:
b. customers
Explanation:
The organizational strategy can be understood as a plan that aims to develop action plans so that a company can achieve its objectives and goals, so it is correct to state that the strategy should focus primarily on the organization's customers.
A company exists to satisfy the desires and needs of potential customers, so that is the substantial reason for its existence and where its focus must be, of course, a strategy must understand the organizational whole, its internal and external environment including shareholders, products and employees, but the focus on the customer must be a priority, so that the company has acceptance, value and market positioning.
Demand-oriented, cost-oriented, profit-oriented, and competition-oriented are four approaches used to set ______.
Answers
The 4 approaches to set approximate price level includes Demand-oriented, cost-oriented, profit-oriented, and competition-oriented.
In marketing, the determination of the price of a product or services can take different approach which includes:
Demand-oriented: This method attempts to set price at level that intended buyers are willing to pay.Cost-oriented: This method of pricing attempts to set price at the level that will cover the total cost incurred for producing the product.
Profit-oriented: This method of pricing attempts to set price at the level that guarantees the company's profitability
Competition-oriented: This method of pricing attempts to set price while considering competition of other company
Therefore, the four approaches are used to set approximate price level.
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a document certifying ownership of part of a corporation is a
Answers
Answer:
a document certifying ownership of part of a corporation is a stock certificate