supreme inc. offers a 3-year extended warranty for all its products. on january 1, of the current year the company collects $45,000 relating to extended warranty contracts. what entry should supreme make on december 31, of the current year?

Answers

Answer 1

Journal Entry: Debit $45,000 from cash and credit it to deferred revenue.

The business must report $15,000 in deferred revenue and $15,000 in revenue from an extended warranty. The money that has been paid for the extended warranty contracts but has not yet been earned is shown as deferred revenue in the balance sheet. The money that has been made from the extended warranty contracts is shown in the revenue—extended warranty account.

Calculation:

Deferred revenue = $45,000 - $30,000 = $15,000

Revenue - extended warranty = $30,000

The $30,000 indicates the revenue generated by the extended warranty agreements. This is computed by deducting the amount that has not yet been earned ($15,000) from the total amount collected ($45,000.)

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Related Questions

gene uses hr data such as employee demographic information, performance ratings, and employee surveys to try to predict which employees are most likely to quit. gene is making use of

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Gene uses hr data such as employee demographic information, performance ratings, and employee surveys to try to predict which employees are most likely to quit. gene is making use of predictive analytics.

Gene is making use of predictive analytics. Predictive analytics is the use of data analytics to determine patterns and trends in data and then using those patterns and trends to make predictions about future outcomes. In this case, Gene is using the available hr data to determine patterns and trends in employee behavior, such as which employees are most likely to quit, and then make predictions based on those patterns and trends.

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as part of the ongoing expenses of being a sales associate, the first thing to do is set aside money for:

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The first step is to budget for federal and state income taxes as part of the ongoing expenses of working as a sales associate. Thus, option A is correct.

Brief About Sales?

"Time is of the essence" is a legal expression that describes the time frame within which one party must fulfil its contractual obligations to the other party. When a disagreement arises, the parties have four basic options: direct negotiation, mediation with an objective third party, arbitration with one to three arbitrators, or litigation in state or federal court with a judge or jury.

A broker preview is similar to an office preview, with the exception that all local multiple listing service participants can access it. Typically, this occurs during the first week.

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Complete question:

As part of the ongoing expenses of being a sales associate, the first thing to do is set aside money for:

a. federal and state income taxes.

b. a new vehicle.

c. the fastest computer available.

d. the latest computer software.

exercise 1-8 (algo) product costs and period costs; variable and fixed costs [lo1-3, lo1-4] required: 1. for financial accounting purposes, what is the total amount of product costs incurred to make 21,750 units? 2. for financial accounting purposes, what is the total amount of period costs incurred to sell 21,750 units? 3. for financial accounting purposes, what is the total amount of product costs incurred to make 26,500 units? 4. for financial accounting purposes, what is the total amount of period costs incurred to sell 17,000 units? (for all requirements, do not round intermediate calculations.)

Answers

1. Product costs for 21,750 units = 21,750 x Product Cost per Unit.

2. Period costs for 21,750 units = 21,750 x Period Cost per Unit.

3. Product costs for 26,500 units = 26,500 x Product Cost per Unit.

4. Period costs for 17,000 units = 17,000 x Period Cost per Unit.

What is the purpose of financial accounting?

Financial accounting is the process of recording, summarizing, analyzing, and reporting financial information about a business entity. Its purpose is to provide financial information to investors, creditors, management, and other stakeholders to enable them to make informed decisions about the business. Financial accounting also helps businesses comply with legal requirements, such as filing income taxes.

The detailed answers for the given questions are as follows:

1. Product costs are the costs of the direct materials, direct labor, and overhead costs required to make a product.The total amount of product costs incurred to make 21,750 units is the sum of the direct materials, direct labor, and overhead costs associated with making 21,750 units.

2. Period costs are the costs that are not directly associated with the production of the product, such as selling and administrative expenses. The total amount of period costs incurred to sell 21,750 units is the sum of the selling and administrative expenses associated with selling 21,750 units.

3. The total amount of product costs incurred to make 26,500 units is the sum of the direct materials, direct labor, and overhead costs associated with making 26,500 units.

4. The total amount of period costs incurred to sell 17,000 units is the sum of the selling and administrative expenses associated with selling 17,000 units.

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your monthly rent payment is an example of a variable expense. T/F

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True variable costs fluctuate monthly (dining out, medical expenses, groceries, or anything you buy from a store).

What Kinds of Expenses Are There?

Rent, utilities, pay, salaries, upkeep, depreciation, health coverage, and the cost of selling products are a few examples of expenses.

What are essential costs?

As the name suggests, basic living expenses are those required for daily existence. As the name suggests, basic living expenses are those required for daily existence, with the main categories being residential building, food, clothing, mass transit, healthcare, and pertinent miscellaneous expenses.

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front corporation's end-of-year balance sheet consisted of the following amounts: cash $25,000 accounts receivable $46,000 property, plant, and equipment 69,000 long-term debt 41,000 capital stock 107,000 accounts payable 22,000 retained earnings ? inventory 33,000 what is front's owners' equity balance at the end of the current year?

Answers

Retained earnings = $107,000 - $22,000 - $33,000 = $52,000. Owners' equity = Capital stock + Retained earnings = $107,000 + $52,000 = $159,000.

The retained earnings balance for the front corporation can be calculated by subtracting the total liabilities (accounts payable and long-term debt) from the total assets (cash, accounts receivable, property, plant, and equipment, capital stock, and inventory). The retained earnings balance for the  frontal  pot can be calculated by abating the total arrears (accounts outstanding and long- term debt) from the total  means (cash, accounts delinquent, property, factory, and outfit, capital stock, and force). Retained earnings are also called earnings fat and represent reserve money, which is available to company operation for reinvesting back into the business. The decision to retain the earnings or to distribute them among shareholders is  generally left to the company operation. still, it can be challenged by the shareholders through a maturity vote because they're the real  possessors of the company.

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tanisha, an experienced logistics manager, was recently assigned to oversee a division that is struggling to meet its goals. in her first week, she reviewed the organizational chart, productivity reports, and operational costs. what might tanisha do with this information?

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She evaluated the organizational structure, productivity data, and operational costs during her first week. She may change the division's structure and the way things are done.

the method of allocating, managing, and directing resources within a system with the ultimate goal of fulfilling its goals. For organisational management to be successful and advantageous, it must be able to make choices and deal with problems. Functional, multi-divisional, flat, and matrix structures are the four different forms of organisational structures. The best possible use of both financial and human resources is made possible through organisation. It not only helps in the right assignment of tasks to qualified workers, but it also ensures that no resources or time are wasted owing to duplication of effort.

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when a common stock subscription has been fully paid, what account is credited to show record of the stock being issued?
A: stock subscription- common
B: Capital stock- common
C: subscription receivable
D: Cash​

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When a common stock subscription has been fully paid, the account that is credited to show record of the stock being issued is option  B: Capital stock- common

What is the Capital stock?

When a company issues common stock through a common stock subscription, it is recorded in the company's books as the issuance of new shares. When the subscription has been fully paid, the cash received from the investor is recorded as a debit in the Cash account and the new shares are recorded as a credit in the Capital Stock - Common account.

Therefore, This shows that the company has issued new shares of common stock in exchange for cash received from the investor. The Stock Subscription - Common account would be used to track the amounts received for the subscriptions before the shares have been issued.

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an organization intends to capture market share in its industry because it has access to a scarce key ingredient in its patented formula of antiviral products. what is the approach the organization should take to capture market share?

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If a company wants to gain market share in its sector and has access to a critical ingredient that is in short supply, it should adopt a distinctive marketing strategy.

This strategy emphasizes the special qualities and advantages of the company's products to set them apart from those of rivals.

In this situation, the business should concentrate on the main ingredient's rarity and the advantages it provides to the antiviral goods, such as the ability to be more effective or efficient than competing products.

In order to convey this unique selling point to the target demographic and the general public, the company should also think about spending money on marketing and advertising initiatives.

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cloud kicks is expanding its operations to europe. the company wants to enable able advanced currency management to support both eur and usd currencies, and show the total values of open opportunities on account records. how should the consultantimplement a solution to meet the requirement?

Answers

The best solution a consultant must implement to meet the requirement of Cloud Kicks company would be by using a custom summary formula field on the Opportunity, which means option A is the right answer.

The multinational companies have their franchises in may countries all over the globe. In such big business, the main problem they encounter is of currency management. Advanced Currency Management enables management of dated exchange rates, and helps one to manage and set up the search box where the user can find their suitable currency. Currency management can substantially boost the growth of several companies through selling and buying of goods and services in multiple currency which rule the global trade.

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Refer to complete question below:

Cloud Kicks is expanding its operations to Europe. The company wants to enable able Advanced Currency Management to support both EUR and USD currencies, and show the total values of open opportunities on account records.

How should the consultant implement a solution to meet the requirement?

A . Use a custom summary formula field on the Opportunity.

B . Install a third-party app from the AppExchange.

C . Use a Roll-up Summary field from the Opportunity to the Account.

D . Create a cross-object formula field on the Account.

There is no need for a government in a market economy. True or False?

Answers

False, There is no need for the government to have a big economic role.

What does "economic" mean in its simplest form?

Economics is the investigation of shortages and its effects on the use of assets, the production of products and services, the growth of productivity and welfare through time, and a wide range of other complicated issues of essential significance to society.

Why do we study economics?

Economics education aids in a person's comprehension of their environment. It enables individuals to comprehend others, organizations, markets, and governments, enabling them to better adapt to risks and opportunities that arise as circumstances change.

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a shareholder of a car manufacturing company wants to sue the company in federal court for breach of fiduciary duty. what information about the company, besides its place of incorporation, does the shareholder's attorney need in order to determine whether the parties are diverse?

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Beside its place of incorporation, he can provide, Where the company's headquarters are located to attorney in order to determine whether the parties are diverse.

What is fiduciary duty?

The step is to prove that the other party's actions were against your interests, therefore constituting a breach of fiduciary duty. Additionally, you need to provide evidence of your losses. Damages are not recoverable if the breach had no real impact on you. Finally, you must demonstrate that the fiduciary duty violation directly resulted in the losses you experienced. You will not be entitled to compensation if the harm you experienced had nothing to do with the breach and was not a reasonably foreseeable consequence of it. Regardless of the makeup of the board of directors, each member has a fiduciary responsibility to act in the best interests of the company's shareholders. Management members of an LLC have a similar obligation to act. Members of a comapny are subject to many of the same kinds of violations that take place in the context of partnerships. Other instances include:

denying shareholders access to records, refusing to pay dividends, voting for excessive compensation for themselves, and taking illegal steps to remove minority owners are all examples of blocking shareholders from exercising their right to vote. The shareholders may file a lawsuit to safeguard their interests if they believe that the company or any individual board member has violated their fiduciary duty to the shareholders.

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Is the following scenario a partnership? Agreeing to allow someone else to sell 100 units of your invention on eBay and to split the

profits by 60 percent and 40 percent.

O Yes

Ο Nο

Answers

Agreeing to allow someone else to sell 100 units of your invention on eBay and to split the profits by 60 percent and 40 percent. Yes , this scenario a partnership

What kinds of partnerships are there?

A partnership is a contract between two or more people that specifies how they will divide a company's assets and liabilities and manage its operations. In a partnership firm corporation, each partner is equally accountable for the company's assets and liabilities. Physicians and lawyers alike frequently form limited liability partnerships.

What are working together and leading by example?

By definition, a partnership firm is one in which two or more people pool their resources to form a company and decide to divide the risks, rewards, and losses. Law firms, medical groups, investments in real estate firms, and accounting firms are a few examples of common partnerships.

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(a) determine the volume of traffic across the bridge. (b) if a toll of 25 cents is added, what is the volume across the bridge? (c) a tollbooth is to be added, thus reducing the travel time to cross the bridge. the new cost function is c 50 0.2v. determine the volume of traffic that would cross the bridge. (d) determine the toll to yield the highest revenue for demand and supply function in part (a) and the associated demand and revenue.

Answers

The bridge has 333,33 vehicles cross it each day. The volume across the bridge is 291,67 if a toll of 25 cents is included.

What is meant by volume?Volume is the sum of an asset's or security's transactions over time, frequently in a single day. For example, the number of shares of a securities traded between its daily open and close would be referred to as the stock trading volume. Every three-dimensional item takes up space in some way. The volume of this area is what is used to describe it.

Therefore,

If C=50+0.5V and V=2500–10C, and you want to know the variable V, then you can compute V as a function of C. If you have already cleared the variable "C," then you can substitute for (a):

V = 2500 - 10C

V = 2500 - 10(50 + 0.5V)

V = 2500 - 500 - 5V

V + 5V = 2500 - 500

6V = 2000

V = 2000/6

V = 333,33

For example, if they advise you to increase the constant in the equation C = 50 + 0.5V by 25 so that your equivalence for this point of C is

C = 75 + 0.5V, you would follow the same steps:

V = 2500 - 10C

V = 2500 - 10(75 + 0.5V)

V = 2500 - 750 - 5V

V + 5V = 2500 - 750

6V = 1750

V = 1750/6

V = 291,67

There is only one solution provided by this system of two equations and two variables, which produces a compatible define system.

The complete question is:

A bridge has been constructed between the mainland and an island. The total cost (excluding toll) to travel across the bridge is expressed as C=50+0.5V, where V is the number of vet/day and C is the cost/vehicle in cents. The demand for travel across the bridge is V=2500-10C.

(a) Determine the volume of traffic across the bridge.

(b) If a toll of 25 cents is added, what is the volume across the bridge?

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the cost of goods sold or cost of services sold is the combination of variable costs necessary to make a product or provide a service.

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The cost of goods sold (COGS) or cost of services sold is the total amount of direct costs associated with producing and delivering a product or service.

What is associated ?

The term "associated" can refer to a variety of things, including being connected or linked to something, being affiliated with something, or having a relationship with something.

This includes the cost of materials, labor, and other expenses directly related to the production of the product or service. It does not include any indirect costs, such as overhead, marketing, or administrative expenses. COGS is used to calculate gross profit, which is the difference between sales revenue and COGS.

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communist countries worked on the premise that government officials were in the best position to allocate the economy’s scarce resources. T/F

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Yes, it is true because communist nations operated under the assumption that the best people to allocate the economy's limited resources were government officials.

What system of resource allocation did the Communists use?

Government personnel were assumed to be in the perfect situation to distribute the economy's limited resources in communist countries. These central planners made decisions about who produced and used certain commodities and services, as well as on how much of each was produced.

On what does communism rest?

Karl Marx's theories, which he detailed in The Communist Manifesto, are most strongly identified with the political system known as communism. The foundation of communism is the desire to end socioeconomic class conflicts by establishing a fair society where everyone get benefits.

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jeremy (unmarried) earned $100,000 in salary and $6,000 in interest income during the year. jeremy's employer withheld $10,000 of federal income taxes from jeremy's paychecks during the year. jeremy has one qualifying dependent child (age 14) who lives with him. jeremy qualifies to file as head of household and has $23,000 in itemized deductions, including $2,000 of charitable contributions to his church. (use the tax rate schedules.) required: determine jeremy's tax refund or taxes due. assume that in addition to the original facts, jeremy has a long-term capital gain of $4,000. what is jeremy's tax refund or tax due including the tax on the capital gain? assume the original facts except that jeremy has only $7,000 in itemized deductions. assume the charitable contribution deduction for nonitemizers applies to 2022. what is jeremy's tax refund or tax due?

Answers

Jeremy's tax refund or taxes due including the tax on the capital gain with $23,000 in itemized deductions is $8,636.Jeremy's tax refund or tax due with $7,000 in itemized deductions, plus a $2,000 charitable contribution deduction for nonitemizers is $11,336.

What is Jeremy's tax refund or tax due including the tax on the capital gain?

1. Jeremy's taxable income is $91,000 ($100,000 salary + $6,000 interest income - $23,000 itemized deductions).

2. Jeremy's federal tax liability is calculated using the head of household rate schedule. For taxable income of $91,000, the federal tax liability is $20,936 ($9,636 + ($91,000 - $75,900) x 24%).

3. Jeremy's federal tax liability is reduced by the $10,000 of federal income taxes withheld from his paychecks, leaving a net tax liability of $10,936 ($20,936 - $10,000).

4. Jeremy's tax liability is further reduced by the long-term capital gain of $4,000, which is taxed at a rate of 0%. This reduces his net tax liability to $6,936 ($10,936 - $4,000).

5. Jeremy's tax refund or taxes due is calculated by subtracting his net tax liability of $6,936 from the $10,000 of federal income taxes withheld from his paychecks. This leaves a tax refund of $3,064 ($10,000 - $6,936).

What is Jeremy's tax refund or tax due?

1. Jeremy's taxable income is $85,000 ($100,000 salary + $6,000 interest income - $7,000 itemized deductions - $2,000 charitable contribution deduction for nonitemizers).

2. Jeremy's federal tax liability is calculated using the head of household rate schedule. For taxable income of $85,000, the federal tax liability is $19,336 ($7,336 + ($85,000 - $72,750) x 24%).

3. Jeremy's federal tax liability is reduced by the $10,000 of federal income taxes withheld from his paychecks, leaving a net tax liability of $9,336 ($19,336 - $10,000).

4. Jeremy's tax liability is further reduced by the long-term capital gain of $4,000, which is taxed at a rate of 0%. This reduces his net tax liability to $5,336 ($9,336 - $4,000).

5. Jeremy's tax refund or taxes due is calculated by subtracting his net tax liability of $5,336 from the $10,000 of federal income taxes withheld from his paychecks. This leaves a tax refund of $4,664 ($10,000 - $5,336).

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at a promotion interview, it is important to . a. anticipate questions and answer early b. wear uncomfortably formal clothes c. be honest about your qualifications d. discuss your personal life please select the best answer from the choices provided a b c d

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The correct option is a, anticipate questions and answer early. It is important to anticipate the questions during the permit interview and answer them in time.

This means you should do your research on the company, the job you're applying for, and the skills, experience and qualifications you'll need to succeed in the role. In addition, you should prepare answers to common questions that are asked in promotion interviews. Being prepared with thoughtful answers will show the interviewer that you are confident in your abilities and are serious about the promotion. Taking the time to anticipate questions and answering them in a timely manner will also demonstrate your commitment to the role and your understanding of the position.

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Attempts: Average: 74 2. Management functions Jim is CEO for a company that produces filing cabinets and office furniture. He uses planning production by 20% next year, the company will need to hire 10 new employees. when determining that in order to increase As production manager, part of Jennifer's job is to determine what raw materials will be needed to meet production needs. Sales forecasts may help Jennifer with this planning function of management. Julia uses planning to determine how many focus groups will need to be conducted in order to accomplish the company's research goals. Choose the management function being performed in each of the examples. Example of managerial work Planning Organizing Leading Controlling Dow Chemical CEO, Andrew Liveris, checks financial reports to see whether Dow has met its financial goals for the quarter Ernesto Leon, a Domino's Pizza manager, creates a schedule to determine which employees will be working on New Year's Eve. 0 OO 0 Pfizer's CEO, Ian Read, works with the board of directors to predict the amount of dividends the company will pay in the future. 0 Blake Mycoskie, founder of Toms, encourages social entrepreneurship through the company's slogan "One for One. Grade It Now Save & Continue Continue without saving empts: Average: 14 ..Management functions planning when determining that in order to increase im is CEO for a company that produces hiling cabinets and office furniture. He uses production by 20% next year, the company will need to hire 10 new employees As production manager, part of Jennifer's job is to determine what raw materials will be needed to meet production needs. Sales forecasts may help Jennifer with this planning function of management. Julia uses planning to determine how many focus groups will need to be conducted in order to accomplish the company's research goals. Choose the management function being performed in each of the examples. Example of managerial work Planning Organizing Leading Controlling Dow Chemical CEO, Andrew Liveris, checks financial reports to see whether Dow has met its financial goals for the quarter. Ernesto Leon, a Domino's Pizza manager, creates a schedule to determine which employees will be working on New Year's Eve Pfizer's CEO, lan Read, works with the board of directors to predict the amount of dividends the company will pay in the future. Blake Mycose, founder of Toms, encourages social entrepreneurship through the company's sogan "One for One." Grade it Now Save Continue Cow hout saving

Answers

Answer:

planning

Explanation:

A manufacturer of programmable calculators is attempting to determine a reasonable free-service period for a model it will introduce shortly. The manager of product testing has indicated that the calculators have an expected life of 34 months. Assume product life can be described by an exponential distribution.


Required:

a. If service contracts are offered for the expected life of the calculator, what percentage of those sold would be expected to fail during the service period?

b. What service period would result in a failure rate of approximately 10 percent?

Answers

The Probability of failure is 63.21% will be expected to fail during the service period .  34 months service period would result in a failure rate of approximately 10 percent.

What is an example of service?

A service is an "(intangible) act or use for which a consumer, firm, or government is willing to pay." Examples include work done by barbers, doctors, lawyers, mechanics, banks, insurance companies, and so on. Public services are those that society (nation state, fiscal union or region) as a whole pays for.

a) The MTBF (mean time between incidents) is 34 months.

Since the service contract covers the expected life, the Mean Time Between Failure(T) is 34 months.

The Probability of failure=63.21% will be expected to fail during the service period

b) Now the failure rate is given by 30.92% =0.3092

The mean time between failure will be the service rate.

MTBF= 34 months

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mallory would like to create an irrevocable trust for her children that will remove assets from her gross estate, but she is uncomfortable relinquishing all control of the property because her children are young and they may not prove to be financially responsible. she would like to be able to change the beneficiaries of the trust, perhaps to her grandchildren, or change the shares of each beneficiary in the event they waste their distributions. will the retention of these powers affect the transfer to the trust? a) the retention of such powers will cause the gift to be an incomplete transfer because she is not giving up sufficient control of the trust assets. b) the transfer would be incomplete only if mallory retained the right to receive trust income. the power to change the beneficiaries or their shares is not a significant retained power. c) a transfer to an irrevocable trust will remove the assets from mallory's gross estate regardless of any retained powers. d) the powers retained by mallory are insufficient to create an incomplete transfer.

Answers

The retention of these powers affects the transfer to the trust as a transfer to an irrevocable trust will remove the assets from Mallory's gross estate regardless of any retained powers.

How is a property held in trust transferred?

If there is only one beneficiary or if there are multiple beneficiaries and they all concur, the beneficiary may ask the trustee to transfer the trust's assets to either him, or if there are multiple beneficiaries, to each of them (or the beneficiaries may desire).

Who is ineligible to serve as a trustee?

If you are ineligible to serve as a trustee under the Charities Act, you may not do so unless the Commission has waived your ineligibility. You may be disqualified if you are ineligible to serve as a company director.

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what is a management system, as well as a measurement system, that a firm uses to translate business strategies into executable tasks?

Answers

Balanced scorecard  is a management system, as well as a measurement system, that a firm uses to translate business strategies into executable tasks.

The balanced scorecard (BSC) is a strategic performance measure used to identify and enhance different internal company operations and the external outcomes that result from them. Balanced scorecards are widely used to measure as well as provide feedback to organizations in the Country, the United Kingdom, Japan, and Europe. Executives and managers gather and interpret data, which is critical to providing quantitative results. This information can be used by company personnel to make better choices for the future of their organizations. A balanced scorecard is a metric used it to identify, enhance, and control the various functions and outcomes of a business.

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a purpose of advertising is to make the: group of answer choices demand for one's product more inelastic. demand for one's product less inelastic. market closer to perfectly competitive. demand for one's product more elastic.

Answers

A purpose of advertising is to make the demand for one's product more elastic. Advertising of product or also services will make a demand more higher than normal.

In economic and business, Advertising generally can be defined as an industry used to call the attention of the public to something, typically a product or service. In the advertising activities, each of activities has a purpose to make product, brand or service is promoted to a viewership in order to attract interest, engagement, and sales. There are several types of advertising, such as Display Advertising, Video Advertising, Mobile Advertising, and also Native Advertising.

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a country can produce either 226 units of good y or 118 units of good x. if they want to produce 33 units of good x, how many units of good y are they able to produce? enter a number rounded to two decimal places. g

Answers

The country will be able to produce 63.84 units of good y .

If a country intends to generate 33 units of good x, we can use the good x to good y ratio to calculate how many units of good y they can produce. According to the data presented, the excellent x to good y ratio is 118:226.

This ratio may be used to calculate the number of units of good y that will be created for every 33 units of good x.First, we'll divide the number of units of excellent x by the good x/good y ratio: 33 excellent units x / (118:226) = 33/118 = 0.2809

Next, we will multiply this number by the number of units of good y in the ratio to find the number of units of good y that will be produced: 0.2809 x 226 = 63.8374.

So the country will be able to produce 63.84 units of good y if they want to produce 33 units of good x.

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manufacturing overhead was estimated to be $297,000 for the year along with an estimated 27,000 direct labor hours. actual manufacturing overhead was $506,250 and actual direct labor hours were 28,800. the amount of manufacturing overhead applied to production would be:

Answers

The manufacturing overhead applied to production is $317,680.

The amount of manufacturing overhead applied to production is determined by using a predetermined overhead rate. To calculate the predetermined overhead rate, we need to divide the estimated manufacturing overhead by the estimated direct labor hours. In this case, the predetermined overhead rate is $297,000 (estimated manufacturing overhead) divided by 27,000 (estimated direct labor hours) = $11.

Once we have the predetermined overhead rate, we can use it to apply the actual manufacturing overhead to production. To do this, we multiply the actual direct labor hours by the predetermined overhead rate. In this case, the manufacturing overhead applied to production is $11 (predetermined overhead rate) multiplied by 28,800 (actual direct labor hours) = $317,680.

The difference between the applied overhead and the actual overhead is called the overhead variance, this will be helpful in finding out the reasons for the variances and take corrective actions if needed.

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mc qu. 41 mintzberg theorized that managers play which... mintzberg theorized that managers play which three broad types of roles?

Answers

The idea that managers play relational, informational, and decisional responsibilities is the foundation of Mintzberg's managerial roles.

Which individuals make effective managers?

A manager is a person who "manages" a company by taking charge of a particular department. A department's boss may have control over the workers in the that department. On rare occasions, the manager may be in charge of the entire business. For example, a "restaurant manager" is in charge of the entire business.

What matters most to a manager?

One of the most crucial things you are able to do as manager is to set goals with your team. You can assign your team actual weight and ownership when you clearly define success.

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abc company has sales revenue of $175,000, sales discounts of $10,000, cost of goods sold of $50,000, and operating expenses of $75,000. what is their gross profit?

Answers

For every $1 in sales, you need 33 cents to pay your essential running expenses and profit, therefore figure out the gross margin of profit required to run the business.

What do you think of as sales?

A sale is a contract that calls for, among other things, exchanging goods or services for money. To put it another way, a sale refers to any action that gives possession of a good of commodity to a buyer n exchange for money.

Which sales are the four?

The four main sales techniques employed by salespeople are script-based selling, conversational selling, needs-satisfaction presenting, and selling with such a strategic partner.

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george runs a coffee shop, which is situated in a business district. the highest-selling item on the menu is the to-go coffee around the time when the offices around the shop have lunch. customers are always in a hurry to take their coffee and leave. what should george do to better their service experience regarding this highest-selling item?

Answers

George should offer pre-made coffee orders and an express line for customers to quickly grab their coffee and go in order for them to do better their service experience regarding this highest-selling item.

1. Focus on Efficiency: George should focus on making the to-go coffee service as efficient as possible. He should look into streamlining the process as much as possible to ensure that customers can get their coffee quickly and easily.

2. Invest in Quality Equipment: George should also invest in quality equipment that can help speed up the process. This could include high-end espresso machines, or other types of commercial coffee makers.

3. Train Baristas: He should also make sure that his baristas are trained and knowledgeable about how to make the perfect cup of coffee. This will help ensure that customers get a quality product quickly.

4. Offer Pre-Ordering Options: To further improve the customer experience, George should look into offering pre-ordering options, such as allowing customers to order their coffee online or by phone, and then picking it up in-store. This will help cut down on wait times and provide a more efficient service.

5. Offer Special Promotions: Finally, George should consider offering special promotions to customers who purchase their to-go coffee at certain times. This could include discounts or free items with purchase. This will help encourage customers to come back to his shop and may even help increase his sales.

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CEO John Barron said that time management is a really important factor in an interview because showing up on time tells the employer:

CEO John Barron said that time management is a really important factor in an interview because showing up on time tells the employer:


that the employee will bring coffee and donuts every Friday.

that the employee cares about their social media account.

that the employee took the bus to get to work.

what the employee will be like if they actually join the company.

Answers

CEO John Barron said that time management is a really important factor in an interview because showing up on time tells the employer what the employee will be like if they actually join the company.

What type of leadership style is used when a leader solicits suggestions and input from employees during the decision-making process?

A leadership style that is democratic or participative. The democratic style (also known as the "participative style") is a hybrid of autocratic and laissez-faire leadership. A democratic leader solicits and considers feedback from their team before making a decision.

This approach is known as the contingency theory of leadership because the best style depends on the situation. One of the first contingency theories of leadership was developed by Fred Fiedler.

Therefore, CEO John Barron says that time management is a really important factor in an interview.

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Is the Wix website builder suitable for small businesses?

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Yes, the WIX website builder is suitable for small businesses, it makes the website in the small amount of money and make create attractive website.

The small businesses is the type of the organization or organization system in which the team size of the small business is less than 100 employee, corporation and partnership type small business.

The small business has less revenue as compared to the large business or the corporation which runs from the many years.

The WIX is popular and useful in the space of small business starter,  owners and entrepreneurs etc. If you want website more unique and professional in the affordable budget then WIX is best suited to those buyers.

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when a company seeks to match the benefits of a successful position and maintain their current position in the marketplace it is attempting a(n) approach.

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By merging new goods, services, and technology into its current portfolio, a company attempts to replicate the benefits of a lucrative position while maintaining its current position.

A corporation is a type of business entity that is legally separate from its owners. The corporate structure is more complex, with higher setup and administrative costs, as a result of the increased reporting requirements and higher-level legal responsibilities. A company is referred to be a firm since its staff members want to add value. The word "produce," which meaning to lead forth or bring forth, has a Latin origin. The term "company" initially emerged in Old French, which is a synonym for "compaignie" or "companionship." The term "business" also has Old English origins, which combine busy and -ness. A corporation is a legal individual or a legally recognised business organisation that has registered itself under the Companies Act.

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