Looking for a specific niche in the market that competitors are ignoring is part of market analysis.
Market analysis involves studying the market environment to identify opportunities and threats, and to understand the behavior of customers, competitors, and other stakeholders. By conducting market analysis, companies can identify gaps in the market that their competitors have overlooked and develop marketing strategies to capitalize on those opportunities. Market analysis is the process of evaluating the attractiveness of a market by analyzing various factors such as market size, competition, customer needs, and trends. It helps businesses understand the demand for their products or services, identify potential customers, and develop effective marketing strategies. Market analysis can also assist in identifying new opportunities and potential risks within a particular industry or market segment, providing businesses with valuable insights for decision-making.
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Review the transactions and determine the accounts, the account types, if they increase/decrease and if they are debit or credit 
Received cash for services rendered to a client
Paid cash on account
A company's records must balance in order for debits and credits to be used in bookkeeping. By decreasing liability, revenue, or equity accounts, debits boost asset or cost accounts. The inverse is true of credits.
What is Debit vs Credit: Bookkeeping Basics ?A company's records must balance in order for debits and credits to be used in bookkeeping. By decreasing liability, revenue, or equity accounts, debits boost asset or cost accounts. The inverse is true of credits. Every debit input must be matched by a credit entry for the same monetary amount when recording a transaction, and the opposite is true as well.For double-entry bookkeeping to work, debits and credits are essential. They are entries made in the general ledger of a business that track every dollar that enters and leaves the company as well as every dollar that moves between the various accounts.You'll learn how to use debits and credits to keep your books balanced in this guide, along with a detailed explanation of each.To Learn more About bookkeeping Refer To:
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Solutions Company - Unadjusted Trial Balance as of December 31.
Account Titles
Unadjusted Trial Balance Dr. Unadjusted Trial Balance Cr.
100: Cash 20,000
110: Accounts Receivable 0
120: Supplies 7,600
160: Machinery 50,000
161: Accumulated Depreciation 20,000
200: Accounts Payable 0
205: Interest Payable 0
210: Wages Payable 0
230: Unearned Rental Fees 7,200
240: Note Payable 30,000
300: Common Stock 10,000
310: Dividends 9,500
320: Retained Earnings 14,200
400: Rental Fees 32,450
600: Wage Expense 24,500
610: Interest Expense 2,250
620: Supplies Expense 0
630: Depreciation Expense 0
113,850 113,850
Totals
Requirement:
Prepare year-end adjusting journal entries for each of these separate situations.
As of December 31, employees had earned $400 of unpaid and unrecorded wages. The next payday is January 4 at which time $1,200 in wages will be paid.
The cost of supplies still available at December 31 is $3,450.
The notes payable requires an interest payment to be made every three months. The next payment occurs after the new year begins. The amount of unrecorded accrued interest at December 31 is $800.
Analysis of the unearned rental fees shows that $3,200 remains unearned at December 31.
In addition to the machinery rental fees included in the revenue account balance, the company has earned another $2,450 in unrecorded fee that will be collected on January 31 of next year.
Depreciation expense for the year is $3,800.
The Preparing Adjusted Trial Balance with the help of Worksheet: is given below:
The Adjusted Trial BalanceSolutions Company
Worksheet
December 31
Accounts Unadjusted Trial Balance Adjusting Entries Adjusted Trial Balance
Debit Credit Debit Credit Debit Credit
Cash $20,000 $20,000
Accounts Receivable 0 $2,450 2,450
Supplies 7,600 $4,150 3,450
Machinery 50,000 50,000
Accumulated Depreciation $20,000 3,800 $23,800
Accounts Payable 0 0
Interest Payable 0 800 800
Salaries Payable 0 400 400
Unearned Rental Fees 7,200 4,000 3,200
Note Payable 30,000 30,000
Common Stock 10,000 10,000
Dividends 9,500 9,500
Retained Earnings 14,200 14,200
Rental Fees 32,450 6,450 38,900
Salaries Expense 24,500 400 24,900
Interest Expense 2,250 800 3,050
Supplies Expense 0 4,150 4,150
Depreciation Expense 0 3,800 3,800
Totals $113,850 $113,850 $15,600 $15,600 $121,300 $121,300
Preparing Income Statement:-
Solutions Company
Income Statement
For the Year Ended December 31
Accounts Amount Amount
Revenue:-
Rental Fees $38,900
Total Revenue $38,900
Expenses:-
Salaries Expense $24,900
Interest Expense 3,050
Supplies Expense 4,150
Depreciation Expense 3,800
Total Expenses ($35,900)
Net Income $3,000
Preparing Statement of Retained Earnings:-
Solutions Company
Statement of Retained Earnings
For the Year Ended December 31
Accounts Amount
Retained Earnings 14,200
Net Income 3,000
$17,200
Dividends (9,500)
Retained Earnings, Ending $7,700
Preparing Balance Sheet:-
Solutions Company
Balance Sheet
December 31
Accounts Amount Amount
Assets:-
Cash $20,000
Accounts Receivable 2,450
Supplies 3,450
Machinery 50,000
Accumulated Depreciation (23,800)
Total Assets $52,100
Liabilities:-
Accounts Payable $0
Interest Payable 800
Salaries Payable 400
Unearned Rental Fees 3,200
Note Payable 30,000
Total Liabilities $34,400
Stockholders Equity:-
Common Stock $10,000
Retained Earnings, Ending 7,700
Total Stockholders Equity $17,700
Total Liabilities and Stockholders Equity $52,100
Preparing Closing Entries:-
Solutions Company
General Journal
December 31
Date Accounts Title and Explanation Debit Credit
December 31 Rental Fees $38,900
Income Summary $38,900
(To close Revenue Account)
December 31 Income Summary $35,900
Salaries Expense $24,900
Interest Expense $3,050
Supplies Expense $4,150
Depreciation Expense $3,800
(To close Expenses Accounts)
December 31 Income Summary $3,000
Retained Earnings $3,000
(To close Income Summary)
December 31 Retained Earnings $9,500
Dividends $9,500
(To close Dividends Account)
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Vint and Gracie are married and will file a joint tax return. For 2020, their modified adjusted gross income was $110,000. Gracie has a bachelor's degree in journalism, but she wants to pursue a different line of work. She is currently attending a community college to earn her associate degree in nursing. She paid $3,000 for the fall semester. Vint is not a student. What amount can the couple claim for the lifetime learning credit
The amount that Vint and Gracie can claim for 2020 lifetime learning credit is D. $600.
Explanation:
Joint Modified Adjusted Gross Income for 2020 = $110,000
Tuition for the fall semester paid by Gracie = $3,000
Limit placed on lifetime learning credit = $2,000
Rate of lifetime learning credit = 20% of the first $10,000
Allowed lifetime learning credit = $600 ($3,000 x 20%)
Answer Options:
A. $0
B. $200
C. $400
D. $600
Thus, the amount that the couple can claim for 2020 lifetime learning credit is D. $600.
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Which of the following are deducted from gross taxable income before income taxes are applied to an employee's remuneration?
Employee contributions to an approved pension plan, Registrable retirement savings plan contributions and union dues (not applicable in Quebec).
For taxable income, what is subtracted from gross income?Any gross income produced that is factored into the calculation of your tax liability is referred to as taxable income. It is essentially your adjusted gross income minus any deductions. Included are any pay from the employer, including wages, tips, salaries, and bonuses. Included are investments and unearned income.In accordance with Section 80A (1), the deductions listed in Sections 80C to 80U must be permitted from the assessee's gross total income when determining their total income. In any circumstance, the assessed person's gross total income cannot be exceeded by the total deduction amount allowed under this section.Employee contributions to an approved pension plan, Registrable retirement savings plan contributions and union dues (not applicable in Quebec),deductions for residing in a designated zone that are listed on the employee's federal personal tax credit return and are approved by the CRA.To learn more about Taxable income refer to:
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aida model abbreviation
Answer: As an acronym, AIDA breaks down into the steps required for successful marketing: Attention, Interest, Desire (or, in some variations, Decision) and Action. The AIDA marketing model is a cornerstone of modern marketing, to the extent that missing one step is thought to almost guarantee an unsuccessful result.
Why does the free enterprise system tend to keep the quality of products high
A- Producers will be motivated to improve quality to differentiate their product in the market.
B- Producers will be motivated to decrease costs by increasing quality.
C- The government regulates the products to ensure that the quality remains high. Control of
D- the price ensures that it remains reasonable.
Producers will be motivated to decrease profit by increasing quality.
The Free Enterprise System tends to keep the quality of products high for this purpose.
A- Producers will be motivated to improve quality to differentiate their product in the market.
When the government does not control the market, the free enterprise system, through the market forces of demand and supply, determine the product quality and price.Producers as suppliers have the incentive to improve their products' quality because they want to achieve brand differentiation, increase market share, and improve their profitability.
Thus, product differentiation helps producers to differentiate their brand from the competition. They achieve this purpose through improved or high quality of products.
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Answer : Producers will be motivated to improve quality to differentiate their product in the market.
:)
Hunter has just completed his first year of operation as a sole proprietor of a successful sporting goods store. There were
challenges but he was excited about getting to keep all the profits of the venture to himself.
A) Advantage of a sole proprietorship
B)Disadvantage of a sole proprietorship
Some of the advantages and disadvantages of sole proprietorship include:
Advantage - keep all the profits Disadvantage - personally liable for any debtsWhat are the advantages and disadvantages of sole proprietorship?One of the advantages of a sole proprietorship is that the business owner gets to keep all the profits of the business for themselves. This is because the owner has complete control over the business and is not required to share the profits with any other partners or shareholders.
One of the disadvantages of a sole proprietorship is that the business owner is personally liable for any debts or legal issues that arise in the course of business.
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Wally's Party Warehouse provides wholesale party equipment and materials to Party Shops. In 2019, Wally's Party sold 30 bounce houses at $30,000 each. The bounce houses carry a 3-year warranty for defects. Wally estimates that repair costs will average 2% of the total selling price. The estimated warranty liability at the beginning of the year was $26,000. Claims of $19,000 were actually incurred during the year to honor warranties.
What was the balance in the Warranty Liability account at the end of the year?
Answer:
he is probably a b!tsh for wasting money and I hope he is poor now
Explanation:
a pregnant employee who violated several attendance rules due to her physical conditions. She is about to get fire by hr manager of the company.discuss what business ethics issues present on this situation. what can be done?
Answer:
answer is no
Explanation:
You cannot be fired for being pregnant under most circumstances.employers from terminating employees due to pregnancy and pregnancy-related conditions
south shore construction builds permanent docks and seawalls along the southern shore of long island, new york. although the firm has been in business only five years, revenue has been from $308,000 in the first year of operation to $1,084,000 in the most recent year. the data to the left show the quarterly sales revenue in thousands of dollars.
The data to the left show that South Shore Construction has seen remarkable growth since it first opened its doors five years ago. In its first year of operation, South Shore Construction generated $308,000 in sales revenue, and in its most recent year, the company achieved a total of $1,084,000. This represents an impressive increase of over 250% from its initial year sales.
The quarterly sales revenue data highlights that this growth has been steady and consistent over time. Each quarter, South Shore Construction has seen a steady increase in revenue, with the exception of a slight dip in the 4th quarter of the 3rd year. This data indicates that South Shore Construction has been able to successfully expand its customer base, and increase its market share in the permanent docks and seawalls sector.
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1) Define the external business environment of Jessops Group Limited.
Answer:
The external business environment of Jess-op Group Limited are factors such as economic, technological, regulatory, social etc. factors which the company does not have control over but affect the operation of the company.
Explanation:
The company has to adapt to its external business environment in order to continue to be successful.
Note: See the attached Microsoft word file for the full explanation. There is a difficulty in submitting everything here.
U.S. Treasury issues three types of Treasury securities: Treasury bills (T-bills), Treasury notes (T-notes), and Treasury bonds (T-bonds). The time to maturity (TTM) of T-bills is 12-month or less than 12-month. The TTM of T-notes is between 1 year and 10 years. The TTM of T-bonds is longer than 10 years. Which one(s) (T-bills, T-notes, or T-bonds) belong to the money market instrument(s)? Which one(s) belong to the capital market instrument(s)? If you would like to buy Treasury securities, which one(s) would you purchase? Explain why?
Answer:
Treasury bills (T-bills) are short-term money market instruments issued by the government to raise short-term funds. They are issued for terms of less than a year and are sold at a discount from their face value. T-bills have maturities of 4, 8, 13, 26, and 52 weeks. Therefore, T-bills belong to the money market instrument(s).
Treasury notes (T-notes) are issued with maturities from two to 10 years and pay interest semi-annually. Therefore, T-notes belong to the capital market instrument(s).
Treasury bonds (T-bonds) are long-term investments that have maturities of 10 to 30 years and also pay interest semi-annually. Therefore, T-bonds belong to the capital market instrument(s).
If you would like to buy Treasury securities, it depends on your investment goals. If you want a short-term investment with low risk and low return, you can consider buying T-bills. If you want a medium-term investment with moderate risk and moderate return, you can consider buying T-notes. If you want a long-term investment with high risk and high return, you can consider buying T-bonds.
Explanation:
I hope this helps
Question 9 of 10
To pay down the principal on your student loan right away, you should:
To pay down the principal on your student loan right away, one should pay more than minimum amount expected to be paid with interest.
What is student loan?
An agreement whereby a college or university student borrows a bank's money to pay for their studies and then repays the loan once they have finished their studies and have begun working.
Reason
A loan payment that doesn't go toward the interest due on the loan but instead lowers the amount still owed on the loan.
What is principal loan?
The principal is the sum of money you initially promised to repay. The cost for borrowing the principal is interest. In general, any payment is made on a vehicle loan will be used to cover any outstanding fees first.
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With regard to quality management systems, _____ is a formal document that demonstrates a commitment to achieving high quality and meeting customer expectations.
With regard to quality management systems, quality policy is a formal document.
What is quality management system?
A quality management system is an organised system that keeps track of the procedures, techniques, and roles used to achieve quality policies and goals. An organization's operations may be coordinated and directed with the use of a QMS in order to meet regulatory and customer requirements and continually improve effectiveness and efficiency.
The internationally recognised technique for quality management systems is a set of specifications. Despite the fact that some individuals use it to refer to the ISO 9001 standard or a collection of documents that describe QMS, the term "QMS" really refers to the entire system. As an American response to the Japanese quality revolution, total quality management (TQM), a quality management system that placed emphasis on both statistics and tactics that integrated the entire firm, was developed.
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Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.
Based on the cost of production by Stam Company, the overhead rate which is applied to the jobs are:
Data and Calculations:
Job 306 Job 307 Job 308
Balances on March 31
Direct materials used (in March) $33,600 $41,900
Direct labor used (in March) $24,600 $20,300
Overhead applied (March) $12,300 $10,150
Costs during April
Direct materials used $139,000 $226,900 $102,000
Direct labor used $94,200 $161,500 $107,300
Overhead applied $55,600 $77,500 $52,500
($94,200 × 50%) ($161,500 × 50%) ($107,300 × 50%)
Job 306 - $47,100
Job 307 - $80,750
Job 308 - $53,650
The overhead rate applied for Job 306 in April is:
= Direct labor cost x 50%
= 94,200 x 50%
= $47,100
The overhead applied for Job 307 in April is:
= 161,500 x 50%
= $80,750
The overhead for Job 308 in April is:
= 107,300 x 50%
= $53,650
Hence, based on the cost of production by Stam Company, the overhead rate applied to the jobs are calculated above.
The given question is incomplete, the complete question is-
Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.
Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal 4. Prepare a schedule of cost of goods manufactured for the month end April 30. Stam Company Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs Total cost of work in process Cost of goods manufactured.
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if you contact a relative of the consumer who has prior knowledge of the consumer's debt information, the relative may grant you permission to discuss the details of such debt information.
The following statement "if you contact a relative of the consumer who has prior knowledge of the consumer's debt information, the relative may grant you permission to discuss the details of such debt information" is False.
A person who owes money or some other agreed-upon value to a third party, a creditor, is said to be in debt. Debt requires late payments or a certain number of installments, unlike buying now. A sovereign state or country, local government, business or individual can all be in debt.
Contractual agreements often specify the frequency and amount of principal and interest payments on commercial debt. There are many types of debt, such as loans, bonds, notes, and mortgages. In financial accounting, debt is a different type of financial transaction than equity. In a metaphorical sense, the phrase can also be used to describe moral obligations and other obligations not related to money.
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Q1: What are the strategically relevant components of the pizza
restaurant segment of the U.S. quick service restaurant industry
macro-environment?
The strategically relevant components of the pizza restaurant segment of the U.S. quick service restaurant industry macro-environment are as follows:
Technological advancements: In recent years, the pizza industry has seen technological advancements, including the ability to place online orders, which can result in increased customer convenience. Many pizza restaurants have mobile apps that customers can use to order food, making it easier to use their services. Online advertising has also been used by pizza restaurants to reach new customers.
Environmental factors: Pizza restaurants need to consider the effect of weather changes on sales. Extreme weather events can affect sales as people tend to avoid ordering food when they cannot go out of their homes. Pizza restaurant owners need to evaluate how they will deal with such instances.
Demographic factors: Demographics play a crucial role in the success of pizza restaurants. The pizza restaurant industry targets a broad range of customers and has a significant customer base among younger customers. In recent years, there has been an increase in health-conscious customers, leading to changes in the pizza industry, including the addition of new healthy menu items.
Socio-Cultural factors: The pizza industry has experienced increased competition from new entrants such as gourmet pizza restaurants. The preference of customers for the type of pizza and the eating experience has also changed. People prefer pizzas that are customized to their taste buds, including the type of crust and toppings.
Political/Legal factors: Pizza restaurants need to comply with government regulations such as health and safety standards, as well as taxes. The pizza industry is also affected by regulations on labor practices and food labeling requirements.
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help meh plsssssssssssssssssssssss
The U.S. Rice Millers’ Association claims that if the Japanese rice market were opened to imports by lowering tariffs, the resultant lower prices would save Japanese consumers about $6 billion annually. The Japanese government continues to use the high tariffs to make sure local farmers can earn a living. The tariff on rice is an example of
Answer: Protectionism
Explanation:
Protectionism occurs when the industries in a particular country are being protected from foreign competition by the government of that economy. Protectionism is done through the imposition of tariffs, quotas or total ban on the products of other countries.
In the question, the tariff on rice is an example of protectionism as the tariff will lead to an increase in the price of the foreign rice and the people will have to buy from the local rice suppliers. In this case, the local industry is protected.
How can the acquisition of Heardle help Spotify?
Does the decision adjust the time value of money and risk appropriately?
How would Spotify value Heardle for an acquisition? Does the decision provide information on whether it creates value for the firm?
How will listening to the full song after playing Heardle help Spotify?
In your opinion, is the acquisition a good decision? Why or Why not?
Yes, the choice properly adjusts the temporal value of money and risk.
A reasonable acquisition cost for Spotify from Heardle would be $9 billion.
The decision does indeed reveal whether it adds value to the company.
After playing Heardle, Spotify benefits from listening to the entire song.
It was wise to make the purchase. One of the biggest software firms in the world, Microsoft has a lot of resources at its disposal to offer technological web solutions.
When making purchases and signing contracts for sums under $10,000, state agencies are permitted to use the fair and reasonable acquisition method. The F&R acquisition method does not demand an NCB.
It is necessary to examine the pricing and establish whether it is fair and reasonable when using this reasonable acquisition method. To do this, choose one of the methods listed in the section below on how to determine fair and reasonable acquisition. Buyers must base their comparisons on identical circumstances or those with minute variances that have no bearing on pricing when determining fair and acceptable pricing using price comparisons, catalog/market prices, and/or historical pricing.
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Yes, the choice properly adjusts the temporal value of money and risk.
A reasonable acquisition cost for Spotify from Heardle would be $9 billion.
The decision does indeed reveal whether it adds value to the company.
After playing Heardle, Spotify benefits from listening to the entire song.
It was wise to make the purchase. One of the biggest software firms in the world, Microsoft has a lot of resources at its disposal to offer technological web solutions.
When making purchases and signing contracts for sums under $10,000, state agencies are permitted to use the fair and reasonable acquisition method. The F&R acquisition method does not demand an NCB.
It is necessary to examine the pricing and establish whether it is fair and reasonable when using this reasonable acquisition method. To do this, choose one of the methods listed in the section below on how to determine fair and reasonable acquisition. Buyers must base their comparisons on identical circumstances or those with minute variances that have no bearing on pricing when determining fair and acceptable pricing using price comparisons, catalog/market prices, and/or historical pricing.
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Which management approach is aligned with Octavio's implementation of teleworking?
Systematic management approach is aligned with Octavio's implementation of teleworking
What is teleworking?Teleworking, also known as telecommuting or remote work, refers to a work arrangement where employees can perform their job duties outside of a traditional office setting, such as from home, a co-working space, or another remote location. Teleworking usually involves using technology, such as computers, phones, and video conferencing, to communicate with colleagues and complete work tasks.
Teleworking has become increasingly popular in recent years, as advances in technology have made it easier for people to work from anywhere with an internet connection. Teleworking offers a number of benefits, including increased flexibility, reduced commuting time and costs, and improved work-life balance. It can also help employers reduce office expenses and attract a wider pool of job candidates.
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A manufacturer reports the information below for three recent years. Year 1 Year 2 Year 3 Variable costing income $ 124,000 $ 128,400 $ 132,950 Beginning finished goods inventory (units) 0 1,900 1,400 Ending finished goods inventory (units) 1,900 1,400 1,500 Fixed overhead per unit $ 3.90 $ 3.90 $ 3.90 Compute income for each of the three years using absorption costing. (Amounts to be deducted should be indicated by a minus sign.)
Based on the incomes and the values of the finished goods, the income for the past three years would be:
Year 1 = $131,410Year 2 = $126,450Year 3 = $133,340Income in year 1This can be found by the formula:
= Variable income + Ending finished cost - Beginning finished cost
= 124,000 + (1,900 units x 3.90 fixed overhead per unit) - 0
= $131,410
Income in year 2= Variable income + Ending finished cost - Beginning finished cost
= 128,400 + (3.90 x 1,400) - (1,900x 3.90)
= $126,450
Income in year 3= Variable income + Ending finished cost - Beginning finished cost
= 132,950 + (1,500 x 3.90) - ( 3.90 x 1,400)
= $133,340
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an alternative definition of economics involves
An alternative definition of economics involves the study of how human beings organize production, distribution, and consumption.
What is Economics?It should be noted that Economics is a social discipline which examines how communities use scarce resources to meet their insatiable needs.
Economics deals with how households and governments allocate limited resources to address divergent needs.
An alternative definition of economics involves the study of how human beings organize production, distribution, and consumption.
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How does the government pay for roads, schools, and
emergency services?
They are funded through non-profits.
They are funded through taxes.
They are funded through charitable donations.
None of the above
Roads, schools, and emergency services are primarily funded through a system of taxation. This varies depending on the type of tax and the service being funded. The taxes are then allocated to different government departments.
Explanation:Roads, schools, and emergency services are predominantly funded by the government through a system of taxation. When residents and businesses pay taxes, that money is pooled together and divided among various governmental departments. For instance, certain taxes, like property taxes, are often used to fund local services such as schools and emergency services, while gasoline taxes can contribute to the construction and maintenance of roads. Funding for these resources can also come federally or from the state.
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In managing production worker compensation and expenditures for best practice training, the overriding objective of company managers should be to :__________ a) compensate production workers at levels that are close to the highest in the industry in each geographic region where its production facilities are located--this is because companies with the highest total annual compensation packages attract highly-motivated workers with the skills needed to achieve the highest levels of labor productivity. b) make sure its annual total compensation of production workers remains below the average annual total compensation paid by all companies in the regions where it has production facilities. c) pay an incentive per non-defective pair that results in the lowest feasible reject rate for branded pairs produced. d) achieve labor costs per pair produced that are at worst below the industry average and at best are very close to (or even equal to) the industry-low in each region where the company has production facilities. achieve the highest possible worker productivity (pairs produced per worker per year).
In managing production worker costs for training, the main aim of company managers should be to achieve the lowest possible labor costs per pair produced.
What does manufacturing worker training aim to achieve?Production worker compensation and expenditures can be defined as the direct manufacturing labor costs connected with workers at a firm's plant who work directly to produce the goods the company is producing.
In limiting production worker compensation and expenditures for best practice training, the ultimate goal of company management should therefore be to d) achieve labor costs per pair produced that are at worst below the industry average and at best are very close to (or even equal to) the industry-low in each region where the company has production facilities.
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Patel and Sons Incorporated uses a standard cost system to apply factory overhead costs to units produced. Practical capacity for the plant is defined as 50,000 machine hours per year, which represents 25,000 units of output. Annual budgeted fixed factory overhead costs are $250,000 and the budgeted variable factory overhead cost rate is $4 per unit. Factory overhead costs are applied on the basis of standard machine hours allowed for units produced. Budgeted and actual output for the year was 20,000 units, which took 41,000 machine hours. Actual fixed factory overhead costs for the year amounted to $245,000, while the actual variable overhead cost per unit was $3.90.
Answer:
Using the given information, we can calculate the following:
Calculate the standard fixed overhead rate per unit:
Standard fixed overhead rate per unit = Budgeted fixed factory overhead costs / Practical capacity in units
= $250,000 / 25,000 units
= $10 per unit
Calculate the total standard overhead cost per unit:
Total standard overhead cost per unit = Fixed overhead cost per unit + Variable overhead cost per unit
= $10 + $4
= $14 per unit
Calculate the total actual overhead cost per unit:
Total actual overhead cost per unit = Actual fixed overhead cost per unit + Actual variable overhead cost per unit
= ($245,000 / 20,000 units) + $3.90
= $12.25 + $3.90
= $16.15 per unit
Calculate the overhead variance:
Total overhead variance = Actual overhead cost - Standard overhead cost
= (Actual fixed overhead cost + Actual variable overhead cost) - (Standard fixed overhead cost + Standard variable overhead cost)
= ($245,000 + (20,000 x $3.90)) - ((20,000 x $10) + (20,000 x $4))
= $330,000 - $240,000
= $90,000 unfavorable variance
Therefore, the overhead variance for the year is $90,000 unfavorable. This indicates that the actual overhead cost per unit was higher than the standard overhead cost per unit, which could be due to various factors such as increased machine hours, higher variable overhead costs, or inefficient use of fixed overhead costs.
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Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company’s operations in July appear below:
Vulcan Flyovers Operating Data For the Month Ended July 31
Actual Results Flexible Budget Planning Budget
Flights (q) 57 57 55
Revenue ($340.00q) $16,400 $19,380 $18,700
Expenses:
Wages and salaries ($3,600 + $87.00q) 8,525 8,559 8,385
Fuel ($34.00q) 2,100 1,938 1,870
Airport fees ($870 + $34.00q) 2,693 2,808 2,740
Aircraft depreciation ($9.00q) 513 513 495
Office expenses ($230 + $1.00q) 455 287 285
Total expense 14,286 14,105 13,775
Net operating income $2,114 $5,275 $4,925
The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount.
Required:
Prepare a flexible budget performance report for July that includes revenue and spending variances and activity variances.
Answer:
1. Revenue and Spending Variance
Revenue = (19,380 - 16,400) = 2980 U
Expenses
Wages & Salaries = 8,559 - 8,525 = 34 U
Fuel = 1,870 - 1,938 = 68 F
Airport Fees = 2,808 - 2,693 = 115 U
Aircraft Depreciation = 0 None
Office Expenses = 287 - 455 = 168 F
Total Expenses = 87 F
Net Operating Income = 5,275 - 2,114 = 3161 U
2. Activity Variances
Activity Variances are used to compare revenue and cost item between the planning budget and flexible budget of the company.
Revenue = 18,700 - 19,380 = 680 U
Expenses
Wages and salaries = 8,385 - 8,559 = 174 U
Fuel = 1,870 - 1,938 = 68 U
Airport fees = 2,740 - 2,808 = 68 U
Aircraft depreciation = 495 - 513 = 18 U
Office expenses = 285 - 287 = 2 U
Total expense = 330 U
Net operating income = 4,925 - 5,275 = 350 U
What is Bol Game Show Contact Number 2020?
Answer:
this is the number (021) 37-170-265 (BOL)
Explanation:
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Answer:
(021) 37-170-265 (BOL)
Explanation:
according to most surveys, what are ways in which employees tend to feel about their companies? (choose every correct answer.) multiple select question. most believe that their company leaders act with integrity. most employees had seen illegal or unethical conduct. about half of employees do not trust senior management. the vast majority place trust in their business leaders.
Many believe their company leaders do not act with honesty and integrity and that is what guys feel about their company.
The four tenets of integrity are what?And according to the research I did for my most recent book, Business Unusual, when we look at what makes firms with a high level of integrity, we discover that they typically adhere to what I call the "four Cs": commitment, congruence, consistency, and coherence.
How can you tell if someone is honest?You might substitute an adjective with a similar connotation, like honorable. Alternatively, you might write, "She is a woman of integrity," and use the noun integrity in your sentence. A typical phrase that people will undoubtedly comprehend is "a man/woman of integrity."
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help with Business Assignment term 3 grade 12
Answer:
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