Rundle Medical Equipment Company makes a blood pressure measuring kit. Jason McCoy is the production manager. The production department’s static budget and actual results for 2019 follow: Static Budget Actual Results Production in units 28,000 kits 29,200 kits Direct materials ($6. 40 per unit) $ 179,200 $ 224,680 Direct labor ($5. 40 per unit) 151,200 150,480 Variable manufacturing overhead ($1. 50 per unit) 42,000 46,900 Total variable costs 372,400 422,060 Fixed manufacturing overhead 203,000 198,100 Total manufacturing cost $ 575,400 $ 620,160 Required a. Convert the static budget into a flexible budget. B. Calculate the volume variance for Direct materials, Direct labor and Fixed manufacturing overhead. C. Calculate the flexible budget variances for Direct materials, Direct labor and Fixed manufacturing overhead
Answers
A. The flexible budget for the given production level of 29,200 units is $590,760, consisting of $387,760 in variable costs and $203,000 in fixed manufacturing overhead.
B. The volume variance is unfavorable for direct materials ($7,680) and direct labor ($5,880), while there is no volume variance for fixed manufacturing overhead.
C. The flexible budget variances are unfavorable for direct materials ($37,800) and favorable for direct labor ($6,600) and fixed manufacturing overhead ($4,900).
A. To convert the static budget into a flexible budget, we need to adjust the budgeted amounts based on the actual level of production. The flexible budget can be calculated as follows:
Production in units: 29,200
Direct materials ($6.40 per unit): 29,200 x $6.40 = $186,880
Direct labor ($5.40 per unit): 29,200 x $5.40 = $157,080
Variable manufacturing overhead ($1.50 per unit): 29,200 x $1.50 = $43,800
Total variable costs: $387,760
Fixed manufacturing overhead: $203,000
Total manufacturing cost: $590,760
B. The volume variance for each cost can be calculated as the difference between the flexible budget amount and the static budget amount:
Direct materials:
Flexible budget: $186,880
Static budget: $179,200
Volume variance: $7,680 unfavorable
Direct labor:
Flexible budget: $157,080
Static budget: $151,200
Volume variance: $5,880 unfavorable
Fixed manufacturing overhead:
Flexible budget: $203,000
Static budget: $203,000
Volume variance: $0
C. The flexible budget variances for each cost can be calculated as the difference between the actual cost and the flexible budget amount:
Direct materials:
Actual cost: $224,680
Flexible budget: $186,880
Flexible budget variance: $37,800 unfavorable
Direct labor:
Actual cost: $150,480
Flexible budget: $157,080
Flexible budget variance: $6,600 favorable
Fixed manufacturing overhead:
Actual cost: $198,100
Flexible budget: $203,000
Flexible budget variance: $4,900 favorable
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Related Questions
what is the primary cause of failure for strategic initiatives?
Answers
Strategic initiatives are the ways through which a company translates its goals, objectives and visions into practice.
Raising of brand awareness, Launch of customer-facing retail outlets, Establishment of online channel for sales of products are examples of Strategic initiatives in a company.The major reason for failure of strategic initiatives is the inability of decision-makers in a company to understand the relevance and how to measure progress.Therefore, the primary cause of failure for strategic initiatives is ignorance about monitoring of progress.
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Answer:
Improper execution
Explanation:
because bcd brand has a strong market share in a non-growth industry, it is best classified as a a.star. b.cash cow. c.dog. d.question mark.
Answers
Based on your description, a BCD brand with a strong market share in a non-growth industry is best classified as a cash cow (option b). A cash cow represents a product or business with a high market share in a mature industry, generating steady revenue and requiring minimal investment.
The best classification for the BCD brand would be a cash cow. This is because a cash cow is a product or brand that has a strong market share in a non-growth industry. In other words, the industry is not expected to experience significant growth in the future, but the BCD brand still holds a large portion of the market share.
Therefore, it is considered a cash cow because it continues to generate steady profits without requiring significant investments or resources to maintain its market position.
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Econmics. 'Cause Lord knows that I don't be paying any kind of attention in that class
Answers
Answer:
lol
Explanation:
You are putting away return documents for overnight common carrier supply chain CIII-CV's. You know the documentation must be stored in the CIII-CV return invoices/destruction records of the regulatory records box. Which of the following documentation must be maintained? Select all that apply. Key Rec Carrier Shipping Label Security Seal Time Stamped Envelope
Answers
The documentation that must be maintained for overnight common carrier supply chain CIII-CV's includes the Carrier Shipping Label, Security Seal, and Time Stamped Envelope.
In the context of overnight common carrier supply chain CIII-CV's, several documents are necessary to ensure proper record-keeping and regulatory compliance.
Among the options provided, the documentation that must be maintained includes the Carrier Shipping Label, Security Seal, and Time Stamped Envelope.
The Carrier Shipping Label is crucial as it contains essential information about the shipment, such as the origin, destination, tracking number, and other relevant details.
It serves as a means to identify and track the package throughout the supply chain.
The Security Seal is another important documentation that must be maintained. It provides evidence of tamper-proofing and ensures the integrity of the package during transit.
Keeping track of the security seal helps maintain the chain of custody and provides a level of security for the contents of the shipment.
Lastly, the Time Stamped Envelope is likely required to maintain a record of the date and time when the documentation was sent or received. This can be useful for compliance purposes, dispute resolution, or auditing purposes.
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outline four reasons why ethical practices are necessary in product promotion
Answers
Answer:
(1) To create positive image/ reputation.
(2) To abide by laws of the country.
(3) To avoid environment pollution/ degradation.
(4) Avoid misleading consumers.
Explanation:
Which best describes a way people can use personal loans? to buy a house to buy a bicycle to pay for college to pay for groceries
Answers
Answer:
c. to pay for college
Explanation:
just took the test
Answer:
C. to pay for college
Explanation:
Uno dos one two e r
Chicken nuggets.
Answers
Answer:
i swim in points
Explanation:
bonqueque
Answer:
Explanation:
The elements of Promissory Estoppel are:
a. Promise with intent that it be relied on; reliance on the promise by a third party; injustice will result if the promise is allowed to be broken
b. Promise, seienter, damages
c. False material promise, reliance on the promise, scienter, damages
d. False statement about a public figure, made with knowing falsity,
Answers
Promissory Estoppel is a well-established legal doctrine that serves to enforce a promise when certain conditions are met. The doctrine recognizes the principle that if one party makes a promise to another, and the recipient of that promise relies on it to their detriment, it would be unjust to allow the promisor to break the promise.
The elements of Promissory Estoppel typically include:
A. Promise with intent to be relied upon: The first element requires that a clear and definite promise is made by one party to another. The promisor must have intended for the promise to be relied upon by the promisee or a third party.
B. Reliance on the promise by a third party: The second element entails that the promisee or a third party actually relies on the promise made. This reliance must be reasonable and substantial, involving actions or refraining from actions based on the expectation created by the promise.
C. Injustice will result if the promise is allowed to be broken: The final element emphasizes that if the promisor is allowed to break the promise, it would result in unfairness or injustice to the promisee or the third party who relied on the promise. This element highlights the equitable nature of Promissory Estoppel, as it aims to prevent harm caused by the breaking of a promise.
In the given statement, it is correctly stated that the elements of Promissory Estoppel include a promise with the intent to be relied upon, reliance on the promise by a third party, and the potential for injustice if the promise is not upheld. Therefore, option A is indeed the correct answer. Promissory Estoppel serves as a valuable legal tool in situations where promises are made and relied upon, ensuring fairness and preventing the unjust breaking of promises.
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which of these agencies administers federal labor management relation laws
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The agency that administers federal labor management relation laws in the United States is the National Labor Relations Board (NLRB).
The NLRB is an independent federal agency responsible for enforcing and interpreting the National Labor Relations Act (NLRA), which governs the relationship between employers, employees, and labor unions. The NLRB's primary role is to protect employees' rights to engage in collective bargaining, to prevent and remedy unfair labor practices, and to ensure a fair and stable labor-management relationship in the private sector. The agency investigates complaints, conducts elections for union representation, and adjudicates cases related to labor disputes and unfair labor practices.Its main goal is to protect employees' rights to engage in collective bargaining and to ensure fair labor practices and stable labor-management relations.
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which statement below is true? which statement below is true? tarp injected capital into financial institutions in the form of common stock. letters of credit is an example of an on-balance sheet activity. growth of commercial paper market has been contributing to an increase in the volume of business loans. now accounts are not structured to be traded in the secondary markets.
Answers
The statement "letters of credit is an example of an on-balance sheet activity" is true.
An on-balance sheet activity refers to an activity that is recorded on a company's balance sheet, which is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time. Letters of credit, which are financial instruments that guarantee payment to a seller by a buyer, are typically recorded as a liability on a company's balance sheet.
Regarding the other statements, the statement "tarp injected capital into financial institutions in the form of common stock" is also true. TARP (Troubled Asset Relief Program) was a program launched by the US government in 2008 to provide capital to financial institutions during the financial crisis. This capital was injected in the form of common stock, which gave the government ownership in these institutions.
The statement "growth of commercial paper market has been contributing to an increase in the volume of business loans" is false. While the commercial paper market is an important source of short-term funding for companies, it is not directly related to the volume of business loans. Business loans are typically provided by banks and other financial institutions.
The statement "now accounts are not structured to be traded in the secondary markets" is also false. NOW (Negotiable Order of Withdrawal) accounts are a type of checking account that pays interest on the balance. These accounts are structured to be traded in the secondary markets, which means that they can be bought and sold by investors.
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Performance Assessment Task
Jrotc
This performance assessment task gives you an opportunity to document your achievement of the lesson’s competency: Demonstrate proper etiquette in social settings For this performance assessment task, you will complete the Dining-Out scenario. For this assessment you will: Read the following scenario and individually complete the information below. Be prepared to share your answers in class. The same criteria in the scoring guide below can be used to evaluate your performance of proper etiquette and manners at the annual Cadet Ball. Scenario: The annual Dining-Out is in five months. You have been asked to be a member of the Dining-Out committee. The committee plans all aspects of the Dining-Out. Complete this assignment as if you are preparing for the meeting and event. The committee will discuss invitations, table settings, receiving line protocol (guest speaker and other dignitaries), proper dress, protocol for honoring the nation, and thank you notes. 1. Invitations: Create the text for the invitation. Include all pertinent information including dress code and RSVP: Table Setting: On the back of this page, draw a picture of the appropriate table setting for the following menu: Fresh Garden Salad with Dressing Dinner Roll Tomato Soup Beef Tenderloin or Grilled Salmon New York Style Cheesecake with strawberries Iced Tea and water 2. Receiving line and other protocol: a. Who belongs on the line? b. What order should the guests stand in? c. Address the appropriate protocol for honoring the nation. d. Describe how you will greet the guest of honor(s): e. What attire should you wear? 3. Thank you notes: Create a sample thank you note to send to the guest speaker: 4. Explain your role in the annual Cadet Ball as a Year 1 Cadet: 5. Use the attached scoring guide criteria for what you need to do to complete this task. 6. Submit your completed performance assessment task and scoring guide to your instructor for evaluation and a grade.
Answers
The invitation should include the date, time, location, the dress code, RSVP deadline, and any other important relevant information such as the theme of the event.
The invitation text will be like this: You are cordially invited to attend the Annual Dining-Out hosted by the JROTC program. The event will take place on [date] at [time] at [location]. Dress code for the evening is formal attire, which includes a dress uniform or civilian formal wear.
Please RSVP by [RSVP deadline] to [contact information]. We look forward to your presence at this event.
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which column in microsoft project defines the precedence relationships among the activities?
Answers
The column in the microsoft project that show us about the precedence relationships among the activities is known as predecessors.
In the term of computer and technology, Microsoft Project generally can be defined as a tools that launched by Microsoft. Microsoft project also can be described as a project management software product, developed and sold by Microsoft. Microsoft Project is designed to assist a project manager in developing a schedule, assigning resources to tasks. In the other side, Microsoft Project also has a function to tracking progress, managing the budget, and analyzing workloads.
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marketing activities often cost 50 percent or more of the selling price of a product or service. (T/F)
Answers
Marketing expenses frequently account for 50% or more of a product's or service's selling price. Making a marketing mix is the initial stage in developing a marketing strategy. Final consumers and business consumers go through various decision-making processes.
What Is Marketing?Activities a business engages in to encourage the purchase or sale of a good or service are referred to as marketing. Products can be delivered to customers or other businesses, as well as advertised and sold. Affiliates will sometimes provide marketing for a business.The marketing and promotion specialists who work for a company use advertising to try to catch the interest of important potential customers. Promotions are aimed at specific demographics and may include celebrity endorsements, memorable slogans or taglines, eye-catching packaging or graphic designs, and extensive media exposure.All of a company's efforts to acquire customers and keep them as clients fall under the purview of marketing as a discipline. Writing thank you notes, playing golf with prospective clients, promptly returning phone calls and emails, and scheduling coffee or dinner meetings with clients are all examples of networking with potential or former clients that can be done as part of the job.To Learn more About Marketing Refer To:
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Name three factors that determine a good’s or service’s elasticity.
Answers
Answer:
Many factors determine the demand elasticity for a product, including price levels, the type of product or service, income levels, and the availability of any potential substitutes. High-priced products often are highly elastic because, if prices fall, consumers are likely to buy at a lower price.
Explanation:
Answer:
(1) availability of substitutes(2) if the good is a luxury or a necessity, (3) the proportion of income spent on the good, and(4) how much time has elapsed since the time the price changed.What are 3 reasons people would choose shopping online over a store?
Answers
The 3 reasons people would choose shopping online over a store. Convenience, Variety and Lower Prices.
What is store?Store is a place where goods and services are sold to the public. It is a retail outlet where customers can purchase items from a variety of products, typically at a fixed price. Stores may specialize in certain types of goods, such as clothing, electronics, food, or sporting goods. Stores can also provide customer service and advice to customers, such as helping them choose the right products for their needs. Stores may also feature special promotions and discounts to attract more customers.
1. Convenience - Online shopping offers the convenience of being able to shop from home, anytime and from anywhere.
2. Variety - Online stores typically have a much larger range of products to choose from than brick-and-mortar stores.
3. Lower Prices - Many online retailers offer discounts or other incentives to shop online, saving customers money in the process.
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the process by which businesses or other organizations develop international influence or start operating on an international scale. is called ?
Answers
Internationalization is the process by which companies or other organisations begin to operate on a global scale or gain international influence.
What is meant by Internationalization?
Although there is no universally accepted definition of internationalization, it is generally understood to be the process of growing an enterprise's involvement in global markets. In order to address the sustainability of its development in various manufacturing and service sectors, particularly higher education, which is a very important context that needs internationalisation to bridge the gap between different cultures and countries, internationalisation is a crucial strategy not only for companies that seek horizontal integration globally. There are a number of theories about internationalisation that attempt to justify global activity.
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All else equal, a bond will set at _________________ when the coupon rate is ______________ the yield to maturity.
1). a discount; higher than
2). par; less than
3). a premium; less than
4). a premium; equal to
5). a discount; less than
Answers
1). a discount; higher than, the coupon rate of a bond is higher than the yield to maturity, it means the bond's stated interest rate (coupon rate) is greater than the expected rate of return (yield to maturity) for investors.
A discount; less than the coupon rate of a bond is less than the yield to maturity (YTM), the bond will be sold at a discount. The coupon rate represents the fixed interest payments. The bondholder will receive, while the YTM reflects the overall return on investment, taking into account the price of the bond.
If the coupon rate is lower than the YTM, it means that the bond's interest payments are relatively less attractive compared to the market's required rate of return. In such cases, investors would be willing to pay less for the bond upfront, resulting in a lower price than the bond's face value (par value).
This lower price creates a discount. The discount is necessary to increase the bond's effective yield and bring it in line with the market's expected return. The discount compensates investors for the lower coupon rate by offering them a higher yield when considering both the interest payments and the discounted purchase price.
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help fast! Ed and Maria’s gross monthly income is $3,700 and monthly debt is $2,500. What is their debt-to-income ratio to the nearest percent?
A. 53%
B. 68%
C. 82%
D. 25%
Answers
Answer:
C. 68
Explanation:
What is a mutual fund? Why would you choose it over a commonstock?Display keyboard shortcutsfor Rich Content Editor
Answers
A mutual fund is a type of investment vehicle that pools money from many investors to purchase a diversified portfolio of stocks, bonds, or other securities.
The fund is managed by a professional portfolio manager, who makes investment decisions on behalf of the investors. Mutual funds offer investors the opportunity to invest in a diversified portfolio with lower minimum investment amounts, professional management, and easy accessibility.
One reason why someone might choose a mutual fund over a common stock is that a mutual fund provides instant diversification, as it invests in a wide range of securities, reducing the risk of any one stock or bond negatively impacting the overall return. Additionally, mutual funds are professionally managed, meaning that investors do not need to have the same level of expertise or time commitment as they would with individual stocks. Finally, mutual funds are generally more liquid than individual stocks, meaning that investors can buy and sell shares more easily.
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CHOOSE A CITY KNOWN FOR ITS SUCCESS IN SUSTAINABLE TOURISM
DEVELOPMENT AND HIGHLIGHT ITS DEVELOPMENT'S PROGRESS FROM THE
PERSPECTIVE OF "SPACE IN TOURISM". In 1500 words atleast.
Answers
City known for its success in sustainable tourism development: Amsterdam. Amsterdam is a city known for its success in sustainable tourism development. Amsterdam, a city of 850,000 inhabitants and 19 million annual tourists, is attempting to balance tourism and resident needs through a variety of initiatives.
The city of Amsterdam has been a leader in sustainability and innovation, with the objective of being a net zero carbon city by 2050. Amsterdam's local government has taken a proactive approach in developing sustainable tourism development, particularly in addressing the city's crowded and chaotic tourism hotspots such as Dam Square, the Red Light District, and the Canal Ring.
Space in tourism in Amsterdam: From a space perspective, Amsterdam has demonstrated innovative initiatives in utilizing new technologies and spatial planning tools to promote sustainable tourism development. The concept of space in tourism, which refers to the use of space for tourism activities, has emerged as an important area of research in tourism studies over the past few years.
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Lisi Crichton operates a variety store. Her brother does custom welding and made some racks to hold videos. Lisi gave her brother $5,000 cash and did not get a bill. A similar rack was on display at a department store for $1,000. You are told to book an expense on the company financial statement for $5000. What will you book the amount for?
Answers
Answer:
$1,000
Explanation:
Fixed assets must be recorded at historic cost or purchase value. Their valuation is not affected by changes in market values, e.g. land might appreciate over time, but its historic cost will be used for accounting purposes.
In this case, Lisi doesn't have a bill to show the price of the rack, and since she paid in cash, she has no way of proving what she actually paid for it. In this case, in order to record the purchase of the rack you must use the fair market value of similar racks.
Imagine if someone could just say that they purchased things at X price but didn't get a bill, soon people would be recording buying pencils at $500 each because they are gorgeous and perfectly crafted.
What is the marginal revenue and marginal cost for this diagram?
What type of market is this? Explain your answer
Answers
Marginal revenue :
2060120200300420560Marginal cost :
108210192640It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.
Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.
Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.
Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.
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CNN’s capital structure is made of 50% ordinary shares; 30% preference share and 20% debt, cost of debt is 9 per cent. The risk-free rate is 3%, beta of CNN is 1.20 and the market risk premium is 12%. The current price of CNN preference share is $10 with a dividend of $1.25 a share. The corporate tax rate is 30%. Calculate CNN’s Weighed Average Cost of Capital (WACC).
Answers
CNN’s Weighed Average Cost of Capital(WACC) is 13.8%.
To calculate the WACC of CNN, we have to first calculate the cost of equity, cost of preference shares, and the cost of debt.
1. Cost of Equity using the CAPM model;
Ke = Rf + β (Rm - Rf)Ke
= 0.03 + 1.20 (0.12)Ke
= 0.03 + 0.144Ke
= 0.174 or 17.4%
2. Cost of Preference Share using the dividend pricing model;
Kps = Dps / Pps
= 1.25 / 10
= 0.125 or 12.5%
Cost of Debt Kd = (1 - Tc) i
= (1 - 0.30) x 0.09
= 0.063 or 6.3%
3. Now, we can now calculate the WACC.
WACC = (Ke x E / V) + (Kps x Ps / V) + (Kd x D / V)
Where; E = Market value of equity, Ps = Market value of preference shares, D = Market value of debt,
V = E + Ps + DD = 20% of V,
D / V = 0.2E = 50% of V,
E / V = 0.5Ps = 30% of V,
Ps / V = 0.3
Since the current price of preference share is $10, we can find the market value of preference shares using;
Market value of preference shares = 10 x Number of preference shares
WACC = (0.174 x 0.5) + (0.125 x 30 / 100) + (0.063 x 20 / 100)WACC
= 0.087 + 0.038 + 0.013WACC
= 0.138 or 13.8%
Therefore, CNN’s WACC is 13.8%.
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Before requiring an employee to wear a respiratory protection, an employer should make every effort to reduce ___________ to a safe level in the work area.
Answers
Before requiring an employee to wear respiratory protection, an employer should make every effort to reduce air contaminants to a safe level in the work area.
What are the respiratory protection standard and its need?When an employee is exposed to a harmful level of an airborne pollutant, it applies to all occupational airborne exposures to contaminated air. either authorized to wear a respirator or ordered to do so by the employer.
Employees can work safely in hazardous dust, fogs, smoke, mists, fumes, gases, vapors, or sprays by wearing respirators. Numerous airborne risks could result in cancer, lung damage, other diseases, and even death if proper respiratory protection is not used.
Air-purifying respirators (APRs) and atmosphere-supplying respirators are the two basic categories of respiratory protection (ASRs). Based on its design, each type of respirator offers a different amount of protection. As a result, it's critical to select the appropriate type of respirator for the particular exposure.
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hich occurs during digestion?
The mouth only allows for physical digestion.
The mouth only allows for chemical digestion.
Chemical digestion prepares the food for physical digestion.
Physical digestion prepares the food for chemical digestion.
Answers
Answer:
Digestion can be either chemical or physical - physical digestion occurs when you chew food in your mouth (mastication) or chemical when it is broken down in the stomach (via HCl), just to give a few examples. There are many examples of both chemical and physical digestion.
Explanation:
The citizens of the United Sates live and work in a...
A.) Closed economy
B.) Command economy
C.) Mixed market economy
D.) Pure market economy
Answers
Answer:
Mixed market economy
Explanation:
the citizens of America is very diverse
Which element of design can be used to create emphasis or de-emphasis on a garment? a space b shape c line d texture please answer this question before moving on.
Answers
Emphasis is the phase of the format that catches the viewer's attention. Usually the artist will make one area stand out by using contrasting it with other areas.
The location should be one-of-a-kind in size, color, texture, shape, etc. Movement is the course the viewer's eye takes through the work of art, often to focal areas.
How do you create emphasis in design?Three factors of art: color, value, and texture, are beneficial in creating emphasis through contrast. Using texture in solely one spot or placing a light object in an otherwise dark environment will attract the interest of the viewer.
What system is used for emphasis?Still, specially for academic writing, italics or underlining is the favored way to emphasize phrases or phrases when necessary. Writers generally choose one or the different approach and use it constantly throughout an person essay. In the final, posted version of an article or book, italics are generally used.
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https://brainly.com/question/27961037#SPJ4Terry transfers two assets to a partnership on the day it’s created for a 60% partnership interest worth $120,000. She contributed cash = $80,000 and equipment worth $40,000 with an adjusted basis = $16,000. What result?
a.Terry realizes and recognizes a $24,000 gain
c.Terry realizes but does not recognize a $24,000 gain
b.Terry neither realizes nor recognizes any gain
d.Terry does not realize but may elect to recognize a $24,000 gain
Answers
The result of Terry transferring two assets to a partnership on the day it’s created for a 60% partnership interest worth $120,000 with a cash contribution of $80,000 and equipment worth $40,000 with an adjusted basis of $16,000 is that Terry realizes but does not recognize a $24,000 gain.
Option C is the correct answer. Realized gain is defined as the amount that a taxpayer gains from the sale or exchange of property. When an asset is sold or exchanged for more than its adjusted basis, a realized gain occurs. Terry has contributed $40,000 in equipment with an adjusted basis of $16,000. Therefore, Terry has a $24,000 realized gain ($40,000 – $16,000). Terry does not, however, recognize the $24,000 gain.
A gain is recognized when it is included in gross income.
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when should a product owner develop preliminary iteration goals
Answers
A product owner should develop preliminary iteration goals at the beginning of each iteration cycle in an Agile development process.
The purpose of an iteration cycle is to deliver a working, usable piece of software or product increment. Setting clear goals at the beginning of each iteration helps the team to focus their efforts and prioritize their work. It also provides a clear understanding of what is expected to be delivered at the end of the iteration.
The product owner should work with the development team to define the goals for the iteration, taking into account any user stories, bug fixes, technical tasks, or other items that need to be completed. The goals should be specific, measurable, achievable, relevant, and time-bound (SMART) to ensure that the team is able to deliver a meaningful and valuable product increment at the end of each iteration.
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During the period, a company reports Sales of $48,000, Cost of Goods Sold of $28,000, and Income of $2,500. Profit margin is:
Answers
The period wherein an organization's income is $48,000, the price of a suitable offer is $28,000, and earnings are $2,500, so the earnings margin of the employer is $17,500.
What is the profit margin?Profit margin is one of the generally used profitability ratios to gauge the degree to which an employer or a commercial enterprise makes money.
It represents how much of the income has been profits. Simply put, the proportion parent shows how many cents of earnings the business generated for every dollar of sales.
For example, if a company reports that it completed a 35% earnings margin in the previous quarter, it means that it earned $0.35 for every dollar of revenue generated.
In ordinary use, however, it normally refers to internet earnings margin, an employer’s bottom line in spite of all different expenses, inclusive of taxes and one-off oddities, that were taken out of revenue.
There are 4 ranges of earnings or earnings margins: gross earnings, working earnings, pre-tax earnings, and internet earnings.
These are contemplated in an employer's earnings announcement within the following sequence: An employer takes in income revenue, then pays direct charges for the manufactured service.
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Answer:
5.2%
Explanation: