The total cost for each house are: $178,140, $247,120, $398,880.
Total cost1. The allocation bases rates:
Employee fringe benefits Indirect materials
Estimated overhead cost $48,600 $29,540
Total overhead driver $324,000 $422,000
($60,000+$93,000+$171,000) ($102,000+$131,000+$189,000)
Overhead allocation rate 15% 7%
($48,600/$324,000) ($29,540/$422,00)
2. The total cost of each house:
Home 1 Home 2 Home 3 Total
Direct labor $60,000 $ 93,000 $171,000 $324,000
Direct materials $102,000 $131,000 $189,000 $422,000
Fringe benefit cost allocated $9,000 $13,950 $25,650 $48,600
($60,000 x 0.15) ($93,000 x 0.15) ($171,000 x 0.15)
Indirect materials cost allocated $7,140 $9,170 $13,230 $29,540
($102,000 x 0.07) ($131,000 x 0.07) ($189,000 x 0.07)
Total cost $178,140 $247,120 $398,880 $824,140
Therefore the total cost for each house are: $178,140, $247,120, $398,880.
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The complete question is:
finch construction company expects to build three new homes during a specific accounting period. the estimated direct materials and labor costs are as follows. expected costs home 1 home 2 home 3 direct labor $ 60,000 $ 93,000 $ 171,000 direct materials 102,000 131,000 189,000 assume finch needs to allocate two major overhead costs ($48,600 of employee fringe benefits and $29,540 of indirect materials costs) among the three jobs.
Required:
Choose an appropriate cost driver for each of the overhead costs and determine the total cost of each house. (Round "Allocation rate" to 3 decimal places.)
It's focus is the efficient and effective delivery of information and administration of information resources, while infosec's primary focus is the __________ of all information assets.
It's focus is the efficient and effective delivery of information and administration of information resources, while infoSec's primary focus is the protection of all information assets.
Information Security, or InfoSec, is what?Information security, often known as InfoSec, refers to the methods and devices that businesses employ to safeguard their data. This includes setting up the appropriate policies to bar unauthorized users from accessing either personal or professional data. Network and infrastructure security, testing, and auditing are just a few of the many areas that infosec, a rapidly expanding and dynamic profession, encompasses.
Sensitive data is protected by information security from unauthorized actions such interruption, destruction, change, scrutiny, and recording. It is important to protect the security and privacy of sensitive data, including financial information, intellectual property, and account information for customers.
Private information theft, data tampering, and data erasure are all effects of security events. Attacks have a real cost as well as the potential to interfere with business operations and harm a company's reputation.
Organizations need to set aside money for security, make sure they're prepared for attacks like phishing, malware, viruses, malicious insiders, and ransomware, and make sure they can respond to them quickly.
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a supply chain in which value is added at various points in the distribution process is called a .
A supply chain in which value is added at various points in the distribution process is called a value chain.
What is called a value chain?
Value chain is referred as the various business processes and activities which are performed to create a product or a service.
there are multiple stages in a value chain of a products service and life cycle which includes sales, development ad research and everything in between before it reaches the market.
For example, McDonald's provided the customers with low cost food items and the analysis of this particular process helped them to identify and understand different areas of improvement and activities to increase value to their products.
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the associated income effecf of a decrease in the price of one good may increase or decrease the quantity of that good
The following statement is correct: "The associated income effect of a fall in the price of one good may increase the quantity of that good."
In microeconomics, the income effect is the change in demand for a good or service produced by a change in a consumer's purchasing power as a result of a change in real income. This shift can be the result of a pay increase, or it can be the result of existing revenue being freed up by a fall or increase in the price of a good on which money is spent.In consumer choice theory, the income effect and substitution effect are related economic concepts. The income effect illustrates how changes in purchasing power affect consumption, whereas the substitution effect discusses how changes in relative prices affect the consumption pattern of related commodities that can substitute for one another.Thus, this is meant by income effect.
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What is the yield to maturity (ytm) on a simple loan for $ that requires a repayment of $ in five years' time?
The yield to maturity (YTM) is 58.5%
In order to calculate the yield to maturity (YTM) on the loan, it can be calculated by using the Future value of a lump sum formula.
The yield to maturity (YTM) can be calculated by the below given formula.
FV = PV × (1+r)^(n)
Here,
PV (Present Value) = 1,500
FV (Future Value) = 15,000
n (number of period) = 5
r (yield to maturity) = ?
15,000 = 1,500 × (1+r)^(5)
(1+r)^(5) = 15,000 / 1,500 = 10
(1+r)^(5) = 10
1+r = 10^(1 /5)
r= 10^(1/5) -1 = 0.5848
r = 0.5848 × 100
r = 58.5%
Therefore, r = 58.5%
Hence, the yield to maturity (YTM) is 58.5%
The given question is incomplete, the complete question is,
What is the yield to maturity (YTM) on a simple loan for $1,500 that requires a repayment of $15,000 in five years’ time?
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The ending inventory of finished goods has a total cost of $10,000 and consists of 500 units. If the overhead applied to these goods is $2,000, and the overhead rate is 50% of direct labor, how much direct materials cost was incurred in producing these units?.
Direct Materials cost of $4,000 was incurred in producing these 500 units.
Direct Material + Direct Labour + Overhead =Total Cost
Direct Material + ($2,000/0.50) + $2,000=$10,000
Direct Material cost =$4,000
The price of the raw materials and parts needed to make a product is known as the direct material cost. With the finished product, the materials must be clearly visible (otherwise they are considered to be joint costs). Since the direct material cost is one of the few variables in the manufacturing process, it is taken into account while determining throughput from the production processes. Sales minus all completely variable costs equals throughput.
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During a wave of labor activism in the late nineteenth century, most strikes were carefully organized by union leaders. True or false
During a wave of labor activism in the late nineteenth century, most strikes were carefully organized by union leaders.
The answer is false.
In this document, the term union leaders refer to individuals who are assigned, credentialed, and elected to a position of responsibility in carrying out activities on behalf of the union membership, whether employed by the represented firm or the union.
In the history of America's trade and labor unions, the most famous union remains the American Federation of Labor (AFL), founded in 1886 by Samuel Gompers.
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a company that is working to increase customer purchases of its current products in its current market is trying to achieve market
For a business, market penetration aims to boost customer purchases of its current products in its current market.
Delivering value to customers is marketing's primary goal in luring new clients and retaining old ones. It is accomplished through market penetration. It helps to boost customer purchases. Market penetration is the proportion of a product or service's predicted total market that is actually being used by consumers. The development of tactics used to enhance the market share of a specific good or service can also make use of market penetration. The potential market's size can be estimated using market penetration. If the industry's overall market is sizable, new entrants may be motivated by the possibility of gaining market share or a portion of the sector's total pool of potential customers.
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preparing an unadjusted trial balance using the following t-accounts, prepare an unadjusted trial balance for perry inc. assume that the trial balance is dated january 31. ignore account numbers. cash 7,200 3,600 1,440 accounts receivable 1,800 1,440 1,080 equipment 1,980 accounts payable 3,600 5,400 810 note payable 1,980 common stock 3,600
The opening balance is the balance at the start of a period. The closing balance is the balance remaining at the end of the period.
Add the balances in the debit and credit columns individually to complete the unadjusted trial balance. On the last line of the table, in the relevant column, write each corresponding total. The total debit balance and total credit balance should be equal.
We must first finish, or "balance off," the ledger accounts before we can create a trial balance. Then, we list each closing amount from the ledger accounts as a debit or a credit balance to create the trial balance. The nominal ledger's T-accounts.
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a company's year end was tuesday, december 31. on friday, january 3 the entire payroll for the week was recorded as an expense. this is an example of a(n)
A company's year end was Tuesday, December 31. On Friday, January 3 the entire payroll for the week was recorded as an expense. This is an example of a payroll expense.
What is payroll expense?
The expenditures incurred by a company while hiring independent contractors and employees are known as payroll expenses. Start with the gross pay for the employee, then subtract any withholdings to arrive at the net pay. You must collect and maintain data in order to process payroll, and your payroll costs may fluctuate regularly.
The accrual method of accounting, which aligns revenue with costs, should be used by every company. Regardless of when you make the payment, the accrual method captures payroll costs in the month you incur them.
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Find+the+convexity+of+a+seven-year+maturity,+6.6%+coupon+bond+selling+at+a+yield+to+maturity+of+8.4%.+the+bond+pays+its+coupons+annually
We need three pieces of information to calculate convexity:
(1) The price of the bond is currently (P0)
(2) The price of the bond if the YTM increases by 100 basis points (P+)
(3) The price of the bond if the YTM decreases by 100 basis points (P-)
[tex]Price = Coupon * \frac{1-(1/(1+r)t)}{r} + \frac{Face value}{(1+r)t} \\P0 = 66 * \frac{1-(1/1.084)7)}{0.084} + \frac{1000}{(1.084)7} = 907.55\\P+ = 66 * \frac{1-(1/1.094)7}{0.094} + \frac{1000}{(1.094)7} = 860.95\\P- = 66 * \frac{1-(1/(1.074)7}{0.074} + \frac{1000}{(1.074)7} = 957.48\\[/tex]
Now we can compute convexity. Note that the change in the yield (Delta y) was 100 basis points.
[tex]Convexity =\frac{P++ P- - 2 * P0 }{2* P0 *(△y)2 } \\Convexity = \frac{860.95 + 956.48 - (2 * 907.55)}{2 * 907.55 * (0.01)2 } = 12.84[/tex]
The curve in the relationship between bond prices and bond yields is measured by convexity. Convexity illustrates how a bond's duration alters when the interest rate does. A bond is considered to have negative convexity if its duration rises as yields do.
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A customer sells short 100 shares of abc at $17 as the initial transaction in a new margin account. the customer must deposit? a $850 b $1,000 c $1,700 d $2,000
The customer must deposit $850 for the new transaction to take place. The number of shares the customer sells short is 100 shares. The rate of the shares is $17.
The total amount of the transaction is $1700.
The customer must deposit 50% of this amount as a deposit.
50% of $1700 = $850.
The amount of the deposit is $850.
Short selling is the process the investor does when he first sells the stock without having the share in his name. this is done when the investor is sure that the price will go down and he will be able to buy back the share at a lower cost. In this way the investor makes money. For this transaction, the investor has to deposit an amount of 50% as a deposit with his broker.
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a modernist city planning concept that proposed creating condensed, vertical living space to create more open space for mobility and light across the city is which of the following?
A modernist city planning concept proposed creating condensed, vertical living spaces to create more open spaces for mobility and light.
Le Corbusier's approach to modern city planning showed that research activities such as theoretical thinking and production activities, that is practice, are linked methodically. Urban planning should be understood not only as a projection of the possibilities of architecture but as a multidisciplinary process.
Le Corbusier's innovative design ideas resulted from industrialization changes and motorization accelerating progress, which gave the foundation to a new urban array. This array is based on strict geometric forms, regularity, and repetition determining standard.
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identification of the product
Identification of the product labels is a broad category of labels that include features such as product traceability, brand protection, and various information labels. Product identification is critical in a rapidly changing business environment and the constant threat of theft and counterfeit goods.
Effective product identification improves supply chain efficiency. This means the right product is getting to the right consumer at the right time. Clear labeling of products allows them to be easily distinguished, increasing the visibility of items in the supply chain.
Product Selection: Choosing the right product requires research, careful evaluation, and good judgment. This activity is called the product selection analysis technique.
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Why is it important to back up my data? it is mandatory for businesses to back up their data? what can we do personally to meet the 3-2-1 methodology?
The reason why it is important that you back up your data is that it helps to save your files especially in the case where there may be unforeseen circumstances such as deletion by mistake.
What does it mean to back up data?The term data back up is one that has to do with the duplication of data. The reason for this is so as to allow for the retrieval of the data in situations where the loss of the original data occurred.
The reasons why you have to back uo your data has been mentioned in the explanation that is contained above. You will still have access to you useful files.
For the businesses, it may be worse if they lose files, the use of back ups helps to make sure that the files would be accessible to them still in another place and there would be no loss to the important records that have to do with the business.
To meet the 3-2-1 you have to do the following:
Create a primary back up and two back up copies.Save backups to 2 different media types.keep 1 backup file in an offline location.Read more on file backup here:
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Suppose that garner had filed his action in an illinois state court. could an illinois state court have exercised personal jurisdiction over foreman or his manager?
The Illinois Court System's Organization the Illinois Constitution of 1970's Article VI, the Judicial Article, establishes a unified, three-tiered judiciary consisting of the Circuit Court, Appellate Court, and Supreme Court.
The High Court
The highest court in the State of Illinois is the Supreme Court. The Supreme Court typically receives cases from the Appellate Court, but when a Circuit Court has sentenced someone to death, the law permits a direct appeal to the Supreme Court, skipping the Appellate Court. In other circumstances, the Supreme Court may enact rules allowing direct appeals Judicial Article.
Legislative redistricting and evaluating the Governor's eligibility to hold office are subjects of original and exclusive jurisdiction of the Supreme Court. Additionally, the Supreme Court has discretionary original jurisdiction over writs of mandamus, prohibition, and habeas corpus as well as issues involving State income.
The First Appellate Judicial District (Cook County) is represented by 3 Justices on the Illinois State Supreme Court, while the following 4 Appellate Judicial Districts are each represented by 1 Justice. For a case to be decided, four votes must be cast in favor.
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The erosion of family structure among economically impoverished families often leads to?
The breakdown of family structures in economically disadvantaged families frequently leads to the acceptance of impotence as normal.
Family structure describes the group of relatives that comprise a family. This variable's classification takes into account the existence or absence of legally married spouses or common law partners, children, and, in the case of economic families, other relatives.In the United States, the conventional family structure is regarded as a family support system containing two married persons who provide care and stability for their biological offspring."Family structure" refers to the members of a family who are related by marriage or bloodline and is often used in reference to at least one child under the age of 18.Thus this is the meaning of family structure.
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kurt won a lottery and will receive $1,000 a year for the next 50 years. the current value of these winnings is called t
Kurt won a lottery and will receive $1,000 a year for the next 50 years. The current value of his winning today discounted at his discount rate is called present value.
What is a Discount rate?
A discount rate is the rate of return used in corporate finance to reduce future cash flows to their present value. This rate is sometimes referred to as a company's Weighted Average Cost of Capital, needed rate of return, or hurdle rate, which refers to the rate of return investors must achieve relative to the risk involved in the investment. In a Discounted Cash Flow analysis, the Net Present Value of a company is determined using a discount rate. Additionally, it is used for:
Include the concept of time worth of money.Consider the investment's level of risk.Invest in several investing strategies.Learn more about Discount rate here:
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Assuming that wine is a normal good, an increase in consumer income, other things being equal, will?
Assuming that wine is a normal good, an increase in consumer income, other things being equal, will shift the demand curve for wine to the right.
Assuming that hamburger is an inferior desirable, an increase in client profits, different matters being the same will cause a leftward shift in the call for curve for a hamburger. a downsloping call for curve and an upsloping supply curve for a product a boom in consumer income will A. increase equilibrium charge and amount if the product is a regular true.
An alternate in charge causes supply curves to increase or contract. If the charges boom, different factors are stored consistent, and there's a boom in the quantity supplied that is referred to as a selection in delivery. Graphically, that is represented as an upward motion along the same supply curve. The law of supply and call for is a keystone of current economics. in line with this concept the price of an excellent is inversely related to the amount supplied.
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from the consumer's perspective, which of the following is a postpurchase question? question content area bottom part 1 a. what are the best sources of information to learn more about alternative choices? b. how is the product eventually disposed of? c. what does this purchase say about the consumer? d. what determines whether a consumer will be satisfied with a product? e. is acquiring a product a stressful or pleasant experience?
From the consumer's perspective, an example of a postpurchase question is: b. how is the product eventually disposed of?
What is consumer behavior?Consumer behavior can be defined as the study of the processes that are involved when individuals or groups of people engage in the selection, purchase, use, or disposal of products (goods), ideas, services, or experiences to satisfy their unending needs, requirements and desires.
From the consumer's perspective, we can reasonably infer and logically deduce that an example of a postpurchase question is "how is the product eventually disposed of?" because at this point the product has reached the end of its life cycle.
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If you were required to help your students learn the capitals of all fifty states, the best approach to follow would be to?
The best approach to follow would be to divide the states into groups of five and have them study a group during fifteen-minute periods spread out through the week. In business, the capital refers to the total amount of financial assets required to generate goods or services.
These cash can be used to start a business, cover daily expenditures, or grow and extend it. The capital in business refers to the funds required for a company to run and grow. Cash on hand and accounts receivable are common forms of capital, as are close cash, equity, and the capital assets.
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A customer has a long margin accoutn witha market value of 30000 and a debit balance of 20000...how much cash may hte customer withdraw from the account?
A purchaser has an extended margin account with a market value of 30000 and a debit balance of 20000. coins might also the customer withdraw from the account = 50000
market value =30000
debit balance =20000
withdraw account =( 30000+20000)=50000
Market value is the fee an asset fetches within the marketplace and is usually used to consult market capitalization. marketplace values are dynamic in nature because they depend upon an assortment of things, from physical operating conditions to financial climate to the dynamics of call for and supply.
Market value or OMV is the price at which an asset could change in an aggressive public sale putting. market cost is frequently used interchangeably with open market value, honest price, or fair market price, although those terms have distinct definitions in specific requirements, and vary on some occasions.
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A+person+invests+$100,000+at+a+nominal+12%+interest+per+year+compounded+continuously.+what+will+be+the+value+of+the+investment+in+30+years?
The value of investment in 30 years is $3,659,823.
Compound Interest continuously Formula
A=[tex]Pe^r^t[/tex]
Here A→ Amount
P→ Principal
r→ Rate of Interest
t→ Time in years
From the given information,
P=$100,000
r=12%=0.12
t=30 years
Now, A=[tex]Pe^r^t[/tex]=100000[tex]e^0^.^1^2[/tex]×30
A=100000×[tex]e^3^.^6[/tex]
A=100000×36.5982344
A=3659823.44
Correct to nearest dollar, then
A=$3659823
Compound interest on a deposit or loan is computed on the initial principle as well as all of the accrued interest from earlier periods.
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the helper company’s customer service representatives received new computers and training on how to utilize them best. in regards to measuring productivity, these new computers and updated technology knowledge have
The helper company’s customer service representatives received new computers and training on how to utilize them best. in regards to measuring productivity, these new computers and updated technology knowledge have increased capital deepening for the helper company.
A customer is the recipient of an amazing, carrier, product or an idea - received from a dealer, vendor, or supplier through a monetary transaction or trade for money or some different valuable consideration
A purchaser is a person or business that purchases another employer's goods or offerings. customers are crucial due to the fact they drive revenues; with out them, agencies can't live on.
The definition of a consumer is someone who buys services or products from a store, eating place or different retail supplier.
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In the decision-making process, which one of the following actions comes directly after the act of generating alternative solutions?
In the decision-making process, the actions that come directly after the act of generating alternative solutions is determining the respective suitability of each alternative
This is further explained below.
What is the decision-making process?Generally, The act of determining a course of action after recognizing a problem, collecting relevant data, and weighing the pros and cons of potential solutions is referred to as decision making.
You will be able to make choices that are more careful and thoughtful if you use a step-by-step decision-making process since it will help you organize important information and define alternatives.
In conclusion, During the process of making a choice, the activities that follow immediately after the act of producing alternative solutions are the actions that occur directly after that act of judging the relative acceptability of each option.
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when setting prices, the company must consider factors in its external environment. , including factors such as boom or recession, inflation, and interest rates affecting pricing decisions, can have a strong impact on the firm's pricing strategies.
The company should set prices that will allow reseller to receive a fair profit.
What is reseller ?When a business or individual (merchant) buys products or services, they do so with the goal of reselling them rather than using or consuming them themselves. Usually, this is done for financial gain (but can be done at a loss). Buying excess transmission capacity or call time from larger carriers and reselling it to smaller carriers is one example encountered in the telecommunications sector.
The Institute for Partner Education & Development claims that a reseller's product fulfillment-based business model consists of a corporate reseller, retail, direct market reseller (DMR), and an internet retailer (eTailer); less than 10% of its revenue is generated by services.
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Answer:
promotion
distribution
production
Explanation:
a cash flow stream that is created by a lease that requires the payment to be paid on the first of each month and a lease period of three years.
The word "annuity due" refers to a cash flow stream produced by a lease with a three-year term and a payment due on the first of every month.
What is cash flow?Cash flow refers to the quantity of money that a business gets or transfers to its debtors in the form of cash or cash equivalent. The liquidity condition of the business is frequently studied using cash flow analysis.
Effective cash flow management is essential because it helps you identify your sources of revenue and spending patterns. With this knowledge, you may act appropriately to maintain a healthy cash flow and ultimately meet your financial objectives.
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What is the minimum number of domain controllers that ahmad should add to the marketing domain?
TWO
A domain must have at least two domain controllers. Each of the two new domains should have two domain controllers. If one domain controller fails, the other can continue to provide domain authentication.What is Domain Controller?Domains are used in network infrastructure to group computers and other network devices for ease of administration.
Within a domain, the Domain Controller is used to centrally authenticate and authorize users as well as store account information rather than separately on each machine.
A Domain Controller is a computer server that handles security authentication requests within a computer network domain.
It is a network server that is in charge of granting hosts access to domain resources. It authenticates users, saves user account information, and enforces a domain's security policies.
Domain Controllers limit access to domain resources by verifying user identity via login credentials and preventing illegal access to those resources.
Domain Controllers enforce security restrictions on requests for domain resource access.
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brian is developing continuity plan provisions and processes for his organization. what resource should he protect as the highest priority in those plans?
Brian is developing continuity plan provisions and processes for his organization. The safety of human life should he protect as the highest priority in those plans.
What do you understand by business continuity plan?
BCP involves stating any and all risks that can affect the company's operating, making it a crucial part of the organization's risk management strategy. Risks may include natural disasters—fire, flood, or weather-related events—and cyber-attacks.
BCPs are an inseparable part of any business. Threats and disruptions mean a loss of revenue and higher costs, which leads to a decline in profitability.
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consider the production possibilities frontier for an economy that produces only sofas and cars. as the economy moves from point a to point d, is the opportunity cost of cars increasing, constant, or decreasing? and it is equal to?
Economy, society would sacrifice 600 automobiles in order to make 900 couches, or (600 cars)/(900 sofas)=2/3 of a car for each sofa.
What exactly is the economy?
An economy is a geographical area in which goods and services are created, distributed, traded, and consumed. It is widely recognised as a social domain that focuses on the behaviours, discourses, and tangible manifestations associated with the generation, utilisation, and management of finite resources. A community's economy is a collection of interconnected production and consumption processes that ultimately determine how resources are divided. The demands of the people who live and work there are addressed by the overall production and consumption of goods and services. Economic issues have an impact on our daily life. This includes issues such as taxation and inflation, wealth and interest rates, inequality and growing markets, and energy and the environment.
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bryan gets reduced fees for his daughter's piano lessons by maintaining her teacher's website. bryan is practicing the central tenet of marketing called .
Bryan gets reduced fees for his daughter's piano lessons by maintaining her teacher's website. Bryan is practicing the central tenet of marketing called Exchange.
A marketing transaction occurs whenever two or more parties exchange goods or services. According to marketing theory, every exchange should result in "utility," which means that the value of what you trade must be lower than the value of the benefit you receive.
According to the exchange theory in social marketing, social behavior is a byproduct and process of exchange. This exchange mechanism aims to reduce expenses while increasing benefits. The exchange theory states that people balance the advantages and disadvantages of social relationships.
Since marketing is fundamentally a value-based notion, contemporary marketers are compelled to use value-exchange models. Understanding value exchange requires looking beyond a product's competitive features like price, quality, or performance.
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