The overhead rate using labor hours is $34.00 per labor hour
The overhead rate using machine hours is $29.75 per machine hour
What is the difference between overhead based on machine and labor hours?
The distinction between overhead based on overhead apportion based on machine and labor hours is that the basis of overhead allocation under the former is machine hours where labor hours are used in computing overhead in the latter.
In other words, overhead rate based on labor hours is determined as the total budgeted overhead for May divided by the budgeted labor hours
overhead rate= $142800/4200
overhead rate=$34.00
The overhead rate using machine hours is computed as the budgeted overhead divided by the budgeted machine hours
overhead rate=$142800/4,800
overhead rate=$29.75
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You have to pay $12,500 a year in school fees at the end of each of the next six years. If the interest rate is 8%, how much do you need to set aside today to cover these bills? You have invested $70,476 at 8%. After paying the above school fees, how much would remain at the end of the six years?
At the end of the six years, the amount of 55474.55597 will remain, if the interest rate is 8%.
An interest rate is the quantity of interest due according to the period, as a share of the amount lent, deposited, or borrowed. the overall hobby on an amount lent or borrowed depends on the principal sum, the hobby fee, the compounding frequency, and the period of time over which it's far lent, deposited, or borrowed.
The interest rate is the amount a lender charges a borrower and is a percentage of the predominant quantity loaned. The interest rate on a mortgage is typically mentioned on an annual foundation known as the once-a-year percentage fee (APR).
present value of annuity = C × [ [tex]\frac{1- (1 + i)^{-n}}{i}[/tex]]
= 12000 × [ [tex]\frac{1-(1 + 8)^{-6} }{8}[/tex]]
= 55474.55597
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10. Which of the following is characteristic of a traditional economy?
Answer:The five characteristics of a traditional economy are: Centering around a family or tribe Existing in a hunter-gatherer and nomadic society Producing only what it needs Relying on a barter system Evolving once it starts farming and settling
Explanation:
explain why smaller firms must also be concerned about the role of HRM in their organisations
For small businesses, talent is the CEO's job.
For large companies, talent is the job of the CEO.
CEOs have very little to do. Focusing on talent and culture is one of the few things he can never delegate.
First, let's end the term 'human resources. This sounds like a moving widget, but people are not widgets.
You could call it "talent operations" or something similar instead.
The goal of Talent Operations is the recruitment, development, retention, and allocation of talent for organizations. We need to help all admins become better admins. You have to establish a culture and make sure it is a culture in which people can thrive. You have to grow people. You need to hire top talent for your team. Also, employees should be able to move around the organization and be placed where they can grow the most. Many people at HR are primarily focused on compliance and benefits. Compliance and benefits are important functions, but usually not super-strategic.
An organization is a group of people working together, such as a neighborhood association, charity, union, or business. The word organization can be used to refer to a group or enterprise or the act of forming or establishing something.
There are various legal types of organizations such as corporations, governments, non-governmental organizations, political organizations, international organizations, armed forces, charitable organizations, non-profit organizations, partnerships, cooperatives and educational institutions. An organization made up of students, teachers, directors, advisors, and the children's families. The relationship between the interior design of the school and the environment, especially the family, is decisive. Like the family, school is today considered the foundation and core of social life.
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!!!!! WORTH 50 POINTS !!!!!
____________________________________
Explain how interest is earned
Describe a savings account
Interest can be earned on money when it is deposited in a bank in a savings account or if the money is provided as a loan to an individual or an institution.
What is Savings Account?Savings account is the account that an financial institution offers where the customer can deposit its money and can earn interest income on it. The interest rate depends on the terms on which the money is deposited, long term deposits for example 5-10 years bear a better interest rate as compared to a short term deposit.
Interest is earned on the money that is deposited in a savings account, the money is invested by the financial institution from where they earn returns and pay them back to the customer in the form of interest income. The investment by financial institutions are made at different areas so the income generation is confirmed.
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How have cloud-based applications changed the way businesses schedule appointments?
We can actually deduce here that cloud-based applications has changed the way businesses schedule appointments by creating opportunities to communicate meeting schedules, shift changes and shift update.
What is cloud-based application?A cloud-based application is actually known to be a software program that is known to be cloud-based which relies on remote servers for processing information through a web browser.
Cloud-based application has been helpful in storing information and data which can easily be retrieved even after many years as far the cloud-based application can be accessible. It can be known as virtual storage system.
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Planning can be characterized by; O a. Pervasive O b. All the above c. Intellectual process O d. Flexible r
Planning can be characterized by c. Intellectual process.
Planning is a mental exercise that involves creative thinking, good judgment, and imagination, not guesswork. It is a process rather than behavior at a given time. The process determines the future course of action. Planning is a mental exercise that involves creative thinking, good judgment, and imagination. This is not mere conjecture, but circular thinking.
A manager can only prepare reasonable plans if he has good judgment, foresight, and imagination. Intellect is defined as someone or something that is rational rather than emotional. An intellectual example is consulting a financial advisor about debt credit.
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Compare two different companies' products or services within the same industry.
Describe the one with great service experiences and the other with poor service experiences that you have encountered. What were the variables/differentiators that, in your mind, separate the two companies?
Answer:
The telecommunication company Jio has better plan availability and very affordable prices.
Explanation:
The companies we take are from Telecommunication industry that is Jio and Airtel.Jio has better voice and data plans in affordable rate whereas Airtel provides plan at expensive rate.Variable that I took while differetiating are affordability and better Option availability.Thus to conclude, Jio provides better product variety as compare to their counterpart.
Put a check next to ALL the expenses listed below that would qualify as General and Administrative Expenses.
The following expenses are examples of what would count as general and administrative costs.
the price of sending every manager to a retreat for leaders.
Annual dinner for worker gratitude
Bills for your facility's gas, water, and electricity.
Depreciation
retainers for attorneys
Reason: General and administrative costs are those that cannot be directly linked to activities related to sales or manufacturing.
two salespeople's travel costs attend a sales training course. Pay and benefits for the production team. (Related to sales) Mileage reimbursement for salespeople using their own vehicles (production-related) (Sales related.)
Is depreciation a cost of doing business?In some situations, depreciation qualifies as an administrative cost. Depending on the assets that are depreciating, a company might treat it as a selling expense.
What kinds of costs fall under the general and administrative category?Building rent, consultancy fees, depreciation on office furnishings and equipment, insurance, supplies, subscriptions, and utilities are a few examples of general and administrative (G&A) costs.
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What is the advantage of using the comments feature in word processing applications?
The advantage of using the comments feature in word processing applications is to provides an easy and effective way to collaborate and comment on document drafts.
What is the Word processing software?This application is one that offers a variety of features and commands that enable users to create attractive business documents easily and efficiently. It also provides a brief description of many basic features that can be found in most word processing software programs.
In essence, the user's ability to add comments to Microsoft Word documents is one of the program's most useful features as it provides an easy and effective way to collaborate and comment on document drafts. But, even single users find the feature handy for adding notes and remind.
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Insurance companies create a pool of funds to handle
Orisk
O gain
Oloss
O safety
10
Answer:
A) risk
Explanation:
An insurance company creates a pool of funds to handle risk. This helps to protect the company financially if there are more claims than expected.
Discuss the economic
reasons why there is
price variability in agricultural commodities
Compared to industrial commodies in the short
run period.
The economic causes of the fluctuating prices of agricultural goods In the short term, compared to industrial commodities.
Increased energy costs, demand for biofuels, a declining US currency, unfavorable weather, and governmental reactions by certain major exporting and importing nations are further factors driving up food prices.
Why are short-term agricultural product pricing so unstable?Because of the poor short-term production and consumption elasticities, agricultural commodity prices are unstable. Because planting decisions are made before prices for the new crop are known, production responsiveness is low for commodities produced from annual crops. These choices are made based on anticipated prices, not actual prices.
Which of the following elements has an impact on the cost of agricultural products?A number of factors, such as the tension in the supply-demand connection, increased production and distribution costs, and speculation in refugee capital, are to blame for the increase in the price of agricultural products (Hot Money).
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A job applicant identifies preparing contract documents for construction managers as something the applicant considers a core task. For what job is the applicant likely to be applying?
An activity applicant identifies preparing settlement files for production managers as something the applicant considers a core mission. job is the applicant probably every day be making use of is Architect.
The definition of a manager is someone answerable for supervising and motivating personnel and for directing the development of a company. An example of a supervisor is a person that is in the rate of daily, who offers with customer disputes, and who oversees and supervises every Raymer support everyday sellers.
The 4 most common styles of managers are pinnacle everyday-level managers, center managers, first-line managers, and group leaders. those roles range not simplest in their responsibilities, but also in their broader feature in the enterprise and the kinds of personnel they manipulate.
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A cashier asks for your help as a
customer/member wants to make a return one
day beyond the return window. You can make
some exceptions, but too many will affect store
profits.
1
Which statement is MOST like
A cashier asks for your assistance as a patron/member desires to make a go-back sooner or later beyond the go-back window. you may make a few exceptions, however too many will have an effect on store earnings. the announcement: Least possibly. whilst it's proper to invite the consumer approximately the information of the acquisition, one cannot blindly consider the patron and provide money back. Such customers will anticipate the equal behavior to copy in the future and in case you decline they're much more likely to sight the instance of the time in happened the past and be sad with the carrier.
A retail cashier or virtually a cashier is someone who handles the cash check-in at diverse locations such as the factor of the sale in a retail shop. they are liable for processing and receiving payments and issuing receipts to clients as they leave with their purchases. Cashiers additionally cope with additional objects important, which include coupons, whilst presenting an outstanding customer service revel.
The identical job is probably called a “front-end companion,” a “cashier,” or a “checker,” relying on who the organization is. Conversely, obligations might be divided differently in extraordinary groups.
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5 instruments that can be used to assess customer buying behaviour for any product of you choice
At its center, patron behavior is the take a look at of ways people make buying selections. It tries to understand how customers pick, use and remove products and services, as well as the various levels humans undergo earlier than making a buy.
In a general situation, we've got 5 major elements that determine patron behavior, i.e those elements regulate if a target consumer purchases a product or not. those factors are specifically mental, Social, Cultural, personal, and economic elements.
Customer conduct is stimulated by using many elements which include situation, psychological, environmental, and advertising factors, non-public elements, circle of relatives, and tradition. businesses attempt to gather information in an effort to make decisions on how they can attain their audience in the maximum efficient way.
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challenge that south Africa's main coal export terminal is currently facing
According to Frost & Sullivan industrial automation, mining and manufacturing, the South African coal mining industry is dealing with a number of difficulties, with railway capacity limitations being the most important one impeding coal transportation to the Richards Bay Coal Terminal (RBCT), where it is shipped to the export market.
The top 10 coal producers in the world, including South Africa, have witnessed an increase in shipments to Europe this year as those nations look for alternatives to Russian coal in the wake of Russia's war on Ukraine.
In spite of the rising demand from Europe, South Africa is having trouble transporting coal. Currently, it is challenging to move significant volumes of coal swiftly from mines to ports due to the nation's relatively limited rail and road infrastructure.
The ports that South African coal producers use are many. The major terminal, Richards Bay Coal Terminal, is one of the biggest in the world and has an annual capacity of 91 million tons of coal; but, as I previously stated, in 2022, the capacity for rail will be 56 million tons.
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as you grow older, which of these might make you change your personal finance decision more?
As you grow older the responsibilities increase and so this majorly effects the finance decisions more.
What is Finance?Finance is the process of gathering or raising fund for some sort of expenditure. Finance decision is important critical and needs to be perfect. Financial decision is taken by complete care and by viewing all the aspects of the market and opportunities to finance available.
Later in life when a person grow older the finance decisions become more difficult as the person now have more responsibilities and cannot afford a loss for the dependents.
The decision made is therefore needs to be critically analyzed and double checked before making a decision. It is recommended to all individuals to take the finance decision with complete care.
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Answer:
As you grow older the responsibilities increase and so this majorly effects the finance decisions more.
What is Finance?
Finance is the process of gathering or raising fund for some sort of expenditure. Finance decision is important critical and needs to be perfect. Financial decision is taken by complete care and by viewing all the aspects of the market and opportunities to finance available.
Later in life when a person grow older the finance decisions become more difficult as the person now have more responsibilities and cannot afford a loss for the dependents.
The decision made is therefore needs to be critically analyzed and double checked before making a decision. It is recommended to all individuals to take the finance decision with complete care.
Explanation:
According to the chart, the three fastest growing career areas include _____.
A bar graph of careers. The x-axis is labeled from negative 10 to 30 by tens. Other Services is near 20. Trade, Transportation, and Utilities Services is at 10. Professional and Business Services is near 30. Leisure and Hospitality Services is near 20. Information Services, Government Services, and Financial Services are at 10. Education and Health Services is at 30. Mining is at negative 10. Manufacturing is near negative 10. Construction is over 10. Agriculture, Forestry, and Fishing is at negative 5.
a.
construction, professional and business services, and education and health services
b.
professional and business services, education and health services, and leisure and hospitality services
c.
leisure and hospitality services, mining, and manufacturing
d.
financial services, government services, and information services
According to the data in the graphic, professional and business services, education and health services, and leisure and hospitality services are the three career sectors that are increasing the fastest.
Which professions are expanding the quickest?Education and health services are rising at rates close to 30% as well as professional business services.
The growth rate for hotel and leisure services is approximately 20%. These three regions consequently have the fastest growth rates, with all others expanding at less than 20%.
Describe a bar graph.A bar chart, also called a bar graph, is a visual representation of categorical data that uses rectangular bars with heights or lengths that are proportionate to the values they represent. You can plot the bars either vertically or horizontally. A vertical bar chart may also be referred to as a column chart.
What do you mean when you say "career"?You maintain the same line of employment when you have a career. A career can consist of one or several jobs. You may work for a single company or several. A "career path" is another name for a career.
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List 10 ways you can apply green computing to your daily life.
1. Making Purchases from Businesses That Have a Commitment to the Environment
2. Taking Part in Programs for Recycling Electronic Equipment
3 Implementing Virtualization and Other Technologies
4 Reducing the Amount of Printed Material and Recycling Paper
5 Power down your computer and monitor
6. Modify the level of Brightness
7 Refrain from Utilizing a Screen Saver
8 Disconnect All Extraneous Devices
9 Make sure your printer is turned off.
10 Printed on Both Sides of the Sheet
This is further explained below.
What is computing?Generally, Computer refers to any goal-oriented activity that requires or benefits from the use of computing hardware or that creates such machinery.
The investigation and testing of algorithmic processes, as well as the creation of both hardware and software, are included in this field.
In conclusion,
1. Making Purchases from Businesses That Have a Commitment to the Environment
2. Taking Part in Programs for Recycling Electronic Equipment
3 Implementing Virtualization and Other Technologies
4 Reducing the Amount of Printed Material and Recycling Paper
5 Power down your computer and monitor
6. Modify the level of Brightness
7 Refrain from Utilizing a Screen Saver
8 Disconnect All Extraneous Devices
9 Make sure your printer is turned off.
10 Printed on Both Sides of the Sheet
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Analyse action plan and explain the steps that you must follow when drawing an action plan.
Utilize the following five steps to develop an action plan to assist you in reaching your goal:
Set SMART objectives.
Make a list of things to do.
Make a timetable.
Identify resources.
Follow the development.
develop an action plan
Step 1: Establish your objective. Determine what you want your project to accomplish clearly.
List your tasks in step two. Once you have a goal in mind, make a list of the actions you must take to achieve it.
Step 3: Determine the important duties.
Assign duties in step four.
Step 5: Evaluate and enhance.
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What generalization can be made according to the information from the USDA on agricultural productivity from 1948 to 2000?
A U.S.agricultural total factor productivity has decreased, while input has increased.U.S.agricultural total factor productivity has decreased, while input has increased.
B U.S. agricultural total factor productivity growth has exceeded agricultural input growth.U.S. agricultural total factor productivity growth has exceeded agricultural input growth.
C U.S. agricultural input has more than doubled in the last 50 years.U.S. agricultural input has more than doubled in the last 50 years.
D U.S. agricultural output has exceeded total factor productivity in the last 50 years.
The generalization that can be made according to the information from the USDA on agricultural productivity from 1948 to 2000 is B. U.S agricultural total factor productivity growth has exceeded agricultural input growth
What is agricultural productivitymResearch and development, extension, education, infrastructure, and government initiatives are the most significant sources of productivity change in agriculture.
The ability to produce enough food is a key element of food security. A significant strategy to reduce the amount of land required for farming and to slow environmental deterioration and climate change caused by processes like deforestation is to increase agricultural production through sustainable techniques.
In this case, the agricultural total factor productivity growth has exceeded agricultural input growth in the United States. This was due to the funding of the sector as well as the research and development.
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Exercise 9-16A Record the early retirement of bonds issued at a discount (LO9-6)
On January 1, 2021, Splash City issues $500,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. The market interest rate on the issue date is 10% and the bonds issued at $457,102.
If the market interest rate drops to 7% on December 31, 2022, it will cost $601,452 to retire the bonds. Record the retirement of the bonds on December 31, 2022. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your intermediate calculations to the nearest whole dollar amount.)
Journal Entry access is the act of keeping or making information of any transactions either monetary or non-monetary. Transactions are indexed in an accounting journal that indicates an agency's debit and credit score balances.
Journal Entry
Account title and explanation Debit($) Credit($)
Dec 31,2022 Bonds Payable 400,000
Loss on retirement of Bonds 101,800
Cash 471,507
Discount on Issue of bond 30,293
(to record retirement of bond before maturity)
Working Note:
Bonds Amortization Schedule- effective interest method
Date Cash Paid Interest Expense(4.5% OF previous carrying value) Discount Amortized Unamortized Discount Carrying Value
1-Jan 21 32,578 367,422
30-June 2021 $16,000 $16,533.90 533.90 32,044.10 367,955.90
31 Dec 2021 $16,000 $16,558.01 558.01 31,486.09 368,513.91
30 June 2022 $16,000 $16,583.12 583.12 30,902.97 369,097.03
31 Dec 2022 $16,000 $16,609.36 609.36 30,293.61 369,706.39
Cash paid= 400,000*8%*6/12
Cash paid= 16,000
Discount Amortized= Interest expense- cash paid
=> 16,533.90-16,000
=> 533.90
Unamortized discount= Previous value- discount Amortized
For 30 June 2021= 32,578-533.90
For June 30,2021= 32,044.10
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What is YTM of a bond that matures in 23 years with semiannual coupon payments if quoted price is 103.203, par value $2,000 coupon rate of 6.81%?
The YTM is 6.54% for the required period of time. YTM means yield to maturity.
What is the meaning of YTM?A rate of return estimate is the yield to maturity (YTM). It is assumed that the bond buyer would keep the bond until it matures and that they will reinvest all interest payments at the same interest rate. Consequently, the coupon rate is taken into account while calculating yield to maturity. YTM is another name for the yield on redemption.
According to given question
Face value=$ 2000
Current price= 2000*(103.203/100)=2064.06
Time=23*2=46
Coupon=6.81*2000*5=68.1
YTM=[(68.1+((2000-2064.06)/46))/(2000+2064.06)/2)*2
YTM=6.54%
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What is the yearly cost per thousand of a whole life policy with a face value of $25,000 if the annual premium is $567?
Answer:
$22.68
Explanation:
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What are the possible limitations of the decision support system in a banking sector with examples and scenarios
The possible limitations of the Decision Support System(DSS) in a banking sector are:
There are numerous uncertainties surrounding DSS, including Quantifying All the Data is Difficult: A decision support system mostly uses data that can be measured. As a result, it is challenging to interpret ill-defined or immaterial data. In practice, some values are difficult to describe precisely and numerically.
Decision Support System(DSS): A decision support system (DSS) is computer software that an organization or corporation uses to support decisions, judgments, and courses of action. A DSS sorts and examines enormous amounts of data, amassing thorough knowledge that may be applied to problem-solving and decision-making.
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One way to adda table to a presentation is to
A. click on Clip Art under the Insert tab.
B. click on WordArt under the Insert tab.
C. right-click on an existing page with content and choose Add Table.
D. add a new slide and left-click on the Table symhgl in an empty area.
One way to adda table to a presentation is to click on WordArt under the Insert tab. (b)
Click Table under the Insert tab. Pick one of the following options from the Insert Table menu: Click to enter your table after dragging the pointer over the grid to the desired number of columns and rows. Enter a value in the Number of columns and Number of rows boxes after clicking Insert Table WordArt.
You can also display information in PowerPoint using tables. The cells in a table are arranged in a grid with rows and columns. Tables can be used for a variety of activities, including the presentation of text and numerical data. You can even customize tables to fit your presentation.
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How do the ethics of the Chief Executive Officer play a role in the quality of the products produced by a company?"
Answer:
the CEO ( Chief Executive Officer) job is to lead the company and to do the right thing
Explanation:
what is the importance of understanding the subject of management for supporting a business owner of a company within a given economic sector?
Group goals can be accomplished with the aid of management, which arranges the production components, assembles and organizes the resources, and integrates the resources efficiently.
How significant a part does management play in an organization?By assigning tasks that organization members complete, management's job is to help an organization achieve its purposes or goals. If Management makes sure that every activity is thoughtfully planned, the output of every worker will help the organization reach its objectives.
How crucial is it to study business organization and management?It gives you the academic know-how and abilities to pursue opportunities for a global career and aids in the growth of your general business knowledge as well as your knowledge of particular industries like finance and human resources.
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Give an example of the invisible hand you have observed where one company flourished after "getting it right" in response to buyers, while another company shut down because it “missed the mark.”
The unseen forces that steer the free market economy are represented by the metaphor of the invisible hand. The best interests of society as a whole are served by allowing individuals to act in their own self-interest and with freedom to produce and consume.
What are some examples of invisible hand?Cantillon described a remote estate that had been split up into rival leased farms. Each farm was operated by independent business owners to maximize output and profits. Farmers that were successful used better tools and methods and only sold products that people were willing to pay for. He demonstrated that returns were much higher when competing self-interests managed the estate as opposed to the command economy of the previous landowner. This is an excellent example of what invisible hand does.
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The main points of compliance for the USA Patriot Act at a store
include Money Orders and Stored Value card transactions.
True
False
Answer:
False
Explanation:
The usa patriot act was made to stop threats not credit card debt
Define quality from the
producers point of view
Answer:
Producers believe that a quality product has quality of conformance, which means that their products are designed and produced to specifications.
Explanation: