d. a dynamic process throughout the project life cycle.
Managing risk is an ongoing process that requires continual monitoring and adjustment throughout the project life cycle. It involves identifying potential risks, assessing their likelihood and impact, and developing strategies to mitigate or manage them.
The process should be integrated into all aspects of project management, including planning, execution, and control, to ensure that risks are managed effectively and proactively. The PMBOK (Project Management Body of Knowledge) recognizes risk management as a key knowledge area and provides guidelines for managing risk throughout the project life cycle.
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Explain three methods, which can be used to allocate joint costs to joint products emerging from a common process.
Three methods to allocate joint costs to joint products are the physical-measure method, the sales-value-at-split-off method, and the net-realizable-value method.
Joint costs refer to the costs that are incurred in producing two or more products from a common process. When joint costs are incurred, it is necessary to allocate these costs to the individual joint products. Here are three methods that can be used to allocate joint costs to joint products:
The Physical Units Method: This method allocates joint costs based on the physical output of each product. The total joint costs are divided by the total number of units produced, and this per-unit cost is then applied to each product based on the number of units produced.The Sales Value at Splitoff Method: This method allocates joint costs based on the relative sales value of each product at the point where they can be recognized as separate products (the splitoff point). The Net Realizable Value Method: This method allocates joint costs based on the estimated net realizable value of each product. This method takes into account the expected selling price of each product, less any additional costs that will be incurred to make the product ready for sale.Learn more about Joint costs
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Disparate ______ under Title VII is a form of discrimination in which an employee is fired or denied a promotion based on membership in a protected class.
Disparate treatment under Title VII is a form of discrimination in which an employee is treated differently based on membership in a protected class.
Disparate treatment occurs when an employer intentionally discriminates against an employee or job candidate because of their race, color, religion, sex, or national origin. This can take the form of firing, demoting, denying a promotion, or giving unfavorable work assignments or evaluations based on protected class status. Disparate treatment is prohibited by Title VII of the Civil Rights Act of 1964 and other federal and state laws. Employers are required to provide equal employment opportunities to all employees and job candidates, regardless of their protected class status.
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When a project is crashed, it
a. is damaged badly.
b. is completed in less time.
c. costs less.
d. has fewer activities
B. When a project is crashed, it is completed in less time. Crashing a project involves compressing the project schedule by adding additional resources or increasing the working hours, which helps to complete the project faster than originally planned.
However, crashing a project may lead to an increase in cost due to the additional resources needed, and it may also result in a reduction of quality if the work is rushed. Therefore, crashing a project should be done carefully after considering all the factors and risks involved.
Crashing a project refers to a project management technique in which additional resources are allocated to the project with the aim of completing it more quickly. By allocating more resources, such as personnel, equipment, or funding, to the project, the project team can complete the project activities more quickly than originally planned. Crashing a project may result in increased costs due to the additional resources required, but it can be a useful technique when time is a critical factor and when it is necessary to meet a tight deadline.
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When the iPad Mini came out, Yvonne spent the night in front of the store so she could get one before any of her friends. According to the diffusion of innovation, Yvonne is an innovator. True/False
The given statement is True. According to the diffusion of innovation theory, innovators are the first individuals to adopt a new product or technology such as IPAD store.
Innovation refers to the process that leads to the formation of new ideas that has been been invented before. It refers to the fresh ideas that helps in attracting people inn terms of business. Idea generation helps in new development and thereby helps in the progress. The introduction of the idea from the existing resources helps in the formation of new ideas that take the shape of innovation.
Yvonne's behavior of spending the night in front of the store to be one of the first to get the iPad Mini aligns with the characteristics of an innovator.
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since the passage of the dodd-frank act, a mortgage may include a prepayment penalty clause as long as it is limited only to the first 5 years of the term of the loan
true or false
The correct answer for the statement '' since the passage of the dodd-frank act, a mortgage may include a prepayment penalty clause as long as it is limited only to the first 5 years of the term of the loan '' is True.
Since the passage of the Dodd-Frank Act, a mortgage may include a prepayment penalty clause as long as it is limited only to the first 5 years of the term of the loan.
This means that a borrower who pays off their mortgage in full within the first 5 years of the loan may be subject to a prepayment penalty. However, after the first 5 years, the lender cannot impose a prepayment penalty if the borrower decides to pay off the mortgage early.
This provision was put in place to protect borrowers from being unfairly penalized for paying off their loans early, while still allowing lenders to recoup some of the costs associated with originating the loan.
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kate cey and joe coulter are discussing the benefits of budgeting. they ask you to identify the primary benefits of budgeting. comply with their request.
budgeting helps organizations to better manage their finances, improve decision making, and achieve their goals and objectives.
Sure, here are some primary benefits of budgeting:
Planning and Control: Budgeting helps in planning and controlling the organization's operations by setting financial goals and objectives, identifying potential financial problems, and implementing corrective actions.
Resource Allocation: Budgeting helps in allocating resources effectively and efficiently to achieve the organization's goals and objectives.
Decision Making: Budgeting provides a basis for making sound financial decisions by providing information on available resources and the expected costs and benefits of various options.
Communication and Coordination: Budgeting facilitates communication and coordination between different departments and individuals within the organization, promoting cooperation and teamwork.
Performance Evaluation: Budgeting provides a framework for evaluating the organization's performance and progress towards its goals and objectives.
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Westin Corporation just paid a dividend of $2.61. The dividendis expected to grow 4.35% a year indefinitely. Calculate theexpected dividend at the end of 5 years.
The expected dividend for Westin Corporation at the end of 5 years is approximately $3.22. To calculate the expected dividend at the end of 5 years for Westin Corporation, we need to consider the initial dividend, the dividend growth rate, and the number of years.
The initial dividend is $2.61, the dividend growth rate is 4.35% per year, and we want to find the dividend at the end of 5 years.
Step1: Convert the dividend growth rate percentage to decimal by dividing it by 100. So, 4.35% = 0.0435. Step 2: Apply the dividend growth formula, which is:
Expected Dividend = Initial Dividend × (1 + Dividend Growth Rate) ^ Number of Years.Step 3: Plug in the values into the formula:Expected Dividend = $2.61 × (1 + 0.0435) ^ 5
Step 4: Calculate the expected dividend:Expected Dividend = $2.61 × (1.0435) ^ 5 = $2.61 × 1.2346 ≈ $3.22.So, the expected dividend for Westin Corporation at the end of 5 years is approximately $3.22.
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which of the following statements are true? multiple select question. assets like accounts receivable, inventory, equipment, buildings, land may be pledged as collateral for business loans. restrictive covenants are used to require executives to pledge personal assets as collateral for business loans. executives of major corporations are more likely to be asked to pledge personal assets as collateral than are owners of small businesses. creditors may demand executives to pledge personal assets as well as business assets as security for loans.
The correct statements are assets like accounts receivable, inventory, equipment, buildings, land may be pledged as collateral for business loans and creditors may demand executives to pledge personal assets as well as business assets as security for loans. Option A and D is correct.
A is true because assets like accounts receivable, inventory, equipment, buildings, and land are commonly used as collateral for business loans.
B is false because restrictive covenants are used to impose certain restrictions on borrowers, such as limiting the borrower's ability to incur additional debt or to sell certain assets. They do not require executives to pledge personal assets as collateral for business loans.
C is false because executives of major corporations are less likely to be asked to pledge personal assets as collateral than owners of small businesses. Lenders are more likely to rely on the creditworthiness of a large corporation rather than the personal assets of an executive.
D is true because creditors may demand both business and personal assets as security for loans, especially if the borrower's creditworthiness is in question or if the loan amount is large.
Therefore, option A and D are correct.
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true or false,exploratory research collects quantitative data to answer research questions such as who, what, when, where, and how.
True or false: Exploratory research collects quantitative data to answer research questions such as who, what, when, where, and how.
Answer: False
Exploratory research is a type of research methodology that focuses on collecting qualitative data to gain a deeper understanding of a particular issue or problem.
It is often used in the initial stages of research when there is limited knowledge about a topic. The primary goal of exploratory research is to provide insights,
identify patterns, and generate hypotheses, rather than providing definitive answers to specific research questions like who, what, when, where, and how.
In contrast, quantitative research methods, such as surveys and experiments, are designed to collect numerical data and provide statistical evidence to answer these specific research questions.
Quantitative research aims to measure relationships between variables and make generalizations based on a large sample size.
To summarize, the statement that exploratory research collects quantitative data to answer research questions such as who, what, when, where, and how is false.
Exploratory research focuses on qualitative data to gain a deeper understanding of a topic, while quantitative research methods are used to provide definitive answers to specific research questions.
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According to the permanent income hypothesis, households will tend to react to a temporary tax cut by? A) assuming the new tax level will be permanent. B) saving most of the additional disposable income. C) increasing consumption sharply in response to the higher disposable income. D) temporarily increasing their marginal propensity to consume.
According to the permanent income hypothesis, households will tend to react to a temporary tax cut by assuming the new tax level will be permanent.
This is because households base their consumption decisions on their expected long-term income, rather than just their current income. Therefore, a temporary increase in disposable income due to a tax cut is likely to be saved or used to pay off debt, rather than being immediately spent.
The permanent income hypothesis is a theory of consumer spending that suggests that people's consumption and savings decisions are based on their long-term expectations of their income rather than on their current income level. According to this hypothesis, a temporary tax cut will not significantly change consumer spending behavior, as people will assume that the tax cut is temporary and that their long-term income will not be affected. Instead, they may choose to save most of the additional disposable income in anticipation of future needs.
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If a firm is looking to establish and develop a personal relationship with its customers, the single most effective approach it can use is _______.
If a firm is looking to establish and develop a personal relationship with its customers, the single most effective approach it can use is to focus on providing excellent customer service.
This means going above and beyond to meet the needs and expectations of customers, responding promptly to inquiries and complaints, and taking proactive steps to address any issues or concerns that may arise.
Additionally, firms can also invest in loyalty programs, personalized marketing campaigns, and other strategies that demonstrate their commitment to building strong, long-lasting relationships with their customers.
Ultimately, the key to success in this area is to prioritize customer satisfaction and to consistently deliver exceptional experiences that leave customers feeling valued and appreciated.
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Answer:personal
Explanation: selling
Suppose the local real estate market is in equilibrium. A recession causes local household incomes to decline. At the same time, construction of a large subdivision of new homes has just been completed. Given these two changes, we can predict the price of real estate will _____ and the quantity of real estate bought and sold will _____. A) fall; fall. B) fall; rise. C) fall; rise or fall. D) rise; fall or rise
A recession and the completion of a new subdivision will cause a decrease in real estate prices and quantity bought and sold, resulting in a likely outcome of a fall in both. Therefore, option A, "fall; fall," is the most likely outcome.
The recession will cause local household incomes to decline, leading to a decrease in demand for real estate. This decrease in demand will put downward pressure on prices.
Additionally, with the completion of a large subdivision of new homes, the supply of real estate on the market will increase, putting further downward pressure on prices.
However, it is possible that the quantity of real estate bought and sold may not necessarily fall. The lower prices may attract some buyers who were previously unable to afford a home in the area, leading to an increase in the quantity of real estate bought and sold.
On the other hand, the decrease in demand may in recession also lead to a decrease in the quantity of real estate bought and sold.
Overall, the combination of these two changes will likely result in a decrease in the price of real estate, and the quantity of real estate bought and sold may either fall or rise.
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delta company sells bells to customers for $1 each. the variable cost to manufacture the bells is 10 cents. if the rattle department, a division of the delta company, wants to use the bells in its new line of rattles, which of the following transfer prices can be used if there is excess capacity? (you may select more than one answer. single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. any boxes left with a question mark will be automatically graded as incorrect.) check all that apply $0.05 $0.11 $0.95 $1.50 $2.00
The transfer price should be greater than or equal to the variable cost of producing the bells, which is 10 cents or $0.10 per bell. Any transfer price less than this would result in a loss for the company.
Since the Rattle Department has excess capacity, it is not necessary to consider the opportunity cost of using the bells in the production of rattles.
Therefore, the transfer price can be set equal to or slightly above the variable cost of production.
The transfer prices that satisfy these conditions are:
- $0.10 or greater (equal to or greater than the variable cost)
- $0.11 (slightly above the variable cost)
Therefore, the transfer prices that can be used if there is excess capacity are:
- $0.10
- $0.11
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Anthony hires his college roommates Luis and Xavier, as content creators for his production company. Together, the 3 friends write blogs, produce podcasts and online videos, and publish to social media to promote the company's services. What kind of entrepreneur is Anthony?
Anthony is a collaborative entrepreneur who values teamwork and utilizes the skills and talents of his college roommates to enhance his production company's content creation and promotion efforts.
Collaborative entrepreneurs are individuals who leverage the power of collaboration to create new business ventures or solve complex problems. They work with partners, stakeholders, and other entrepreneurs to develop innovative solutions and bring new products or services to market. Collaborative entrepreneurs are skilled at building networks and relationships, and they value the contributions of others in the creative process. They often have a strong sense of purpose and a desire to make a positive impact in their communities or the world at large. Collaborative entrepreneurship is becoming increasingly important in today's interconnected and fast-changing business environment, as it allows entrepreneurs to tap into a wider range of expertise, resources, and opportunities.Learn more about collaborative entrepreneurs: https://brainly.com/question/29807088
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Apprenticeship exists for the primary purpose of producing competent (blank) for our industry.
Apprenticeship exists for the primary purpose of producing competent skilled workers for our industry.
Apprenticeship is a system of training that combines on-the-job learning with classroom instruction. It is a time-honored method for teaching skilled trades and crafts, and it is used in a variety of industries, including construction, manufacturing, healthcare, and information technology.
In an apprenticeship program, apprentices work under the guidance of experienced professionals, learning the skills and knowledge needed to excel in their chosen field. They also attend classes or workshops to learn the theoretical and technical aspects of their trade, and they may be required to pass exams or complete assessments to demonstrate their proficiency.
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reverse stock splits take place in many cases grupp av svarsalternativ to decrease the market price of the common stock. because there may be simply too many shares outstanding from previous stock splits. to avoid delisting by the stock exchanges and nasdaq. all of these options are correct.
Reverse stock splits take place in many cases, such as: To avoid delisting by the stock exchanges, To raise the price of the common stock, Because there were simply too many shares outstanding. The correct answer is A, B, and C.
A) To avoid delisting by the stock exchanges and NASDAQ: When a stock's price falls below the minimum threshold set by stock exchanges, it risks being delisted. A reverse stock split reduces the number of shares outstanding and increases the price per share, helping the company maintain its listing.
B) To raise the price of the common stock from the individual investor price range to the institutional investor price range: Institutional investors may be more likely to invest in stocks with a higher price per share. By conducting a reverse stock split, a company can attract institutional investors and potentially increase demand for its shares.
C) Because there were simply too many shares outstanding from previous stock splits: If a company has issued too many shares due to previous stock splits, a reverse stock split can help reduce the number of shares outstanding and improve the company's financial ratios, making it more appealing to investors.
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Complete question:
Reverse stock splits take place in many cases:
A) to avoid delisting by the stock exchanges and NASDAQ
B) to raise the price of the common stock from the individual investor price range to the institutional investor price range
C) because there were simply too many shares outstanding from previous stock splits.
D) none of these
Use the preferred model to predict sat given the mean value of the predictor variable(s). (do not round intermediate calculations. Round the final answer to the nearest whole number. )
The estimated regression model is given as: 1723.417
What is Mean Value?The mean value is a metric of central tendency conveying the average measurement from a given set of data. To acquire the mean, one must add together all values constituting the set and divide the aggregate sum by the overall number of elements in the set.
For instance, if we incorporate the following set of numbers into our equation: 2, 4, 6, 8, 10 - then the mean would be calculated as follows: (2+4+6+8+10) / 5 = 6; thus, the mean value of this particular set is six.
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Today, U. S. Box office ticket prices are on average $8. 25 with standard deviation approximately $2. 0. The distribution appears to be normal. Mu Sigma $8. 25 $2. 00 Required:
a) What’s the probability a ticket will cost less than $9?
b) What’s the probability a ticket will cost more than $12. 50?
c) What’s the probability that the ticket price is between $6. 50 and $7. 50?
d) The top 15 percent of tickets cost more than k dollars. Find k
In the U.S. Box office, the average ticket price is $8.25 with a standard deviation of $2.00. Assuming a normal distribution, we can calculate the probabilities of different ticket prices.
a) To find the probability that a ticket will cost less than $9, we need to standardize the value of $9 with the mean and standard deviation given:
z = (9 - 8.25) / 2 = 0.375
We can then look up the probability of a standard normal distribution less than z using a z-table or a calculator, which is approximately 0.6497 or 64.97%. Therefore, the probability that a ticket will cost less than $9 is approximately 64.97%.
b) To find the probability that a ticket will cost more than $12.50, we need to standardize the value of $12.50 with the mean and standard deviation given:
z = (12.50 - 8.25) / 2 = 2.125
Again, we can look up the probability of a standard normal distribution more than z, which is approximately 0.0162 or 1.62%. Therefore, the probability that a ticket will cost more than $12.50 is approximately 1.62%.
c) To find the probability that the ticket price is between $6.50 and $7.50, we need to standardize both values with the mean and standard deviation given:
z1 = (6.50 - 8.25) / 2 = -0.875
z2 = (7.50 - 8.25) / 2 = -0.375
Then, we can find the area between these two z-scores using a z-table or a calculator. This probability is approximately 0.1613 or 16.13%. Therefore, the probability that the ticket price is between $6.50 and $7.50 is approximately 16.13%.
d) To find the value of k such that the top 15% of tickets cost more than k dollars, we need to find the z-score that corresponds to the top 15% of the standard normal distribution.
Using a z-table or a calculator, we can find that the z-score for the top 15% of the distribution is approximately 1.04.
Then, we can solve for k using the formula:
k = mean + (z * standard deviation) = 8.25 + (1.04 * 2) = 10.33
Therefore, the top 15% of tickets cost more than approximately $10.33.
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which of the following is not an example of a general principle or characteristic of nonverbal communication?
a. linguistic in nature
b. single channeled
c. less ambiguous than verbal communication
d. continuous
Linguistic in nature is not an example of a general principle or characteristic of nonverbal communication.
Nonverbal communication refers to the transmission of information without the use of words, and it typically involves facial expressions, gestures, body language, and tone of voice.
Here's an explanation of each option:
a. Linguistic in nature: This is not a characteristic of nonverbal communication because it involves language and words, while nonverbal communication does not rely on spoken or written language.
b. Single channeled: This could be considered a characteristic of nonverbal communication because it often focuses on one channel, such as facial expressions or body language, but can also involve multiple channels at once.
c. Less ambiguous than verbal communication: Nonverbal communication can sometimes be less ambiguous because it provides additional cues and context to the message being conveyed, helping to clarify the meaning.
d. Continuous: Nonverbal communication is often continuous as it takes place alongside verbal communication or even when no words are being exchanged, such as maintaining eye contact or using gestures.
In summary, the option "linguistic in nature" is not a general principle or characteristic of nonverbal communication because it pertains to language and words, whereas nonverbal communication does not rely on spoken or written language.
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24. A total prohibition against importing certain products is called a(n):
A total prohibition against importing certain products is called an "import ban."
An import ban is a restriction imposed by a country's government that prohibits the importation of certain goods or products, typically due to health, safety, or environmental concerns. It is a measure used by governments to protect their citizens from potential harm or danger posed by certain imported products. Import bans can also be used as a tool to protect domestic industries from foreign competition.
An import ban is a form of trade restriction that prohibits the importation of specific goods or products. It is usually imposed by a country's government for various reasons, such as concerns over public health, safety, or environmental protection. Import bans can also be used as a tool to protect domestic industries from foreign competition or to maintain national security.
Import bans can be implemented in various ways. They can be permanent or temporary, depending on the nature of the ban and the reasons for its implementation. They can also be partial or complete, prohibiting the importation of specific products or all products from a particular country.
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Data Table January February March Unit data: Beginning inventory Production 150 150 1,500 1,520 1,400 1,400 Sales 1,350 1,530 1,000 A 1,000 $ 800 $ 1,000 $ 800 $ ES 800 Variable costs: Manufacturing cost per unit produced Operating (marketing) cost per unit sold Fixed costs: Manufacturing costs Operating (marketing) costs $ $ 525,000 $ 130,000 $ 525,000 $ 130,000 $ 525,000 130,000 A Requirements 1. Prepare income statements for EntertainMe in January, February, and March 2017 under (a) variable costing and (b) absorption costing. 2. Explain the difference in operating income for January, February, and March under variable costing and absorption costing. Print Done EntertainMe Corporation manufactures and sells 50-inch television sets and uses standard costing. Actual data relating to January, February, and March 2017 are as follows: The selling price per unit is $3,300. The budgeted level of production used to calculate the budgeted fixed manufacturing cost per unit is 1,500 units. There are no price, efficiency, or spending variances. Any production-volume variance is written off to cost of goods sold in the month in which it occurs. Read the requirements. B (Click to view the data. ) Requirement 1. Prepare income statements for EntertainMe in January, February, and March 2017 under (a) variable costing and (b) absorption costing. (a). Prepare income statements for EntertainMe in January, February, and March of 2017 under variable costing. Complete the top half of the income statement for each month first, then complete the bottom portion. (Complete all answer boxes. Enter a "0" for any zero balance accounts. ) January 2017 February 2017 March 2017 (b). Prepare income statements for EntertainMe in January, February, and March 2017 under absorption costing. Complete the top half of the income statement for each month first, then complete the bottom portion. (Enter a "0" for any zero balance accounts. Label any variances as favorable (F) or unfavorable (U). If an account does not have a variance, do not select a label. Abbreviation used; Adj. = Adjustment, Mfg. = Manufacturing. ) January 2017 February 2017 March 2017 Requirement 2. Explain the difference in operating income for January, February, and March under variable costing and absorption costing. Begin by preparing a numerical reconciliation and explanation of the difference between operating income for each month under variable costing and absorption costing. Determine the formula that will highlight the difference between the operating income under each method. Then complete the equation for each month. (Enter an amount in each input cell and enter a "0" for any zero balances. Abbreviations used: Beg. = beginning, End. = ending, Mfg. = Manufacturing, and Var. = Variable. ) Absorption-costing operating income Variable-costing - operating income = Jan Feb Mar The difference between absorption and variable costing is due solely to moving into inventories as inventories and out of inventories as they
(a) Income statements for EntertainMe in January, February, and March of 2017 under variable costing:
January 2017
Sales: 1,350 units x $3,300 per unit = $4,455,000
Variable costs:
Beginning inventory: 150 units x $1,500 = $225,000
Manufacturing cost of goods produced: 1,520 units x $525 = $798,000
Total variable costs: $1,023,000
Contribution margin: $4,455,000 - $1,023,000 = $3,432,000
Fixed costs:
Manufacturing costs: $525,000
Operating costs: $130,000
Total fixed costs: $655,000
Operating income: $2,777,000
February 2017
Sales: 1,530 units x $3,300 per unit = $5,049,000
Variable costs:
Beginning inventory: 1,400 units x $1,500 = $2,100,000
Manufacturing cost of goods produced: (1,520 - 1,400) units x $525 = $63,000
Total variable costs: $2,163,000
Contribution margin: $5,049,000 - $2,163,000 = $2,886,000
Fixed costs:
Manufacturing costs: $525,000
Operating costs: $130,000
Total fixed costs: $655,000
Operating income: $2,231,000
March 2017
Sales: 1,000 units x $3,300 per unit = $3,300,000
Variable costs:
Beginning inventory: 1,400 units x $1,500 = $2,100,000
Manufacturing cost of goods produced: 1,400 units x $525 = $735,000
Total variable costs: $2,835,000
Contribution margin: $3,300,000 - $2,835,000 = $465,000
Fixed costs:
Manufacturing costs: $525,000
Operating costs: $130,000
Total fixed costs: $655,000
Operating income: ($190,000)
(b) Income statements for EntertainMe in January, February, and March of 2017 under absorption costing:
January 2017
Sales: 1,350 units x $3,300 per unit = $4,455,000
Cost of goods sold:
Beginning inventory: 150 units x $525 = $78,750
Manufacturing cost of goods produced: 1,520 units x $350 = $532,000
Goods available for sale: $610,750 + $532,000 = $1,142,750
Ending inventory: 1,520 units x $350 = $532,000
Cost of goods sold: $610,750
Gross margin: $3,844,250
Operating costs: $130,000
Operating income: $3,714,250
February 2017
Sales: 1,530 units x $3,300 per unit = $5,049,000
Cost of goods sold:
Beginning inventory: 1,400 units x $525 = $735,000
Manufacturing cost of goods produced: (1,520 - 1,400) units x $350 = $42,000
Goods available for sale: $777,000 + $42,000 = $819,000
Ending inventory: 1,400 units x $350 = $490,000
Cost of goods sold: $329,000 + $490,000 = $819,000
Gross margin
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Customers prefer to do business with companies they trust, proving the old saying that ______ is the best policy
"honesty is the best policy" is the old saying that is proved by customers' preference to do business with companies they trust.
This means that customers value transparency, reliability, and integrity in the companies they choose to do business with. Companies that are honest in their dealings with customers, provide high-quality products and services, and uphold ethical standards are more likely to build trust and earn customer loyalty.
Honesty and transparency in business practices help to establish a positive reputation, build long-term relationships with customers, and ultimately contribute to the success and growth of a business.
Trust is an important factor in building and maintaining relationships with customers. It is the foundation of customer loyalty, and it can have a significant impact on a company's bottom line. Customers are more likely to do business with companies that they trust, and they are more likely to recommend those companies to others.
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1) What is cost behaviour and what are the five different types of
cost behaviour?
Cost behavior refers to how costs change as the volume of activity changes. Understanding cost behavior helps management make informed decisions regarding pricing, budgeting, and cost control. There are five primary types of cost behavior: Fixed costs, variable costs, Semi-variable costs, Step costs, and Mixed costs.
The five different types of cost behavior are as follows:
1. Fixed costs - These are costs that do not change with the level of activity. Examples of fixed costs include rent, insurance, and property taxes.
2. Variable costs - These are costs that change in proportion to the level of activity. Examples of variable costs include direct materials, direct labor, and sales commissions.
3. Semi-variable costs - These are costs that have both fixed and variable components. Examples of semi-variable costs include utilities, maintenance, and shipping costs.
4. Step costs - These are costs that are fixed for a certain level of activity but then increase in steps as activity increases. Examples of step costs include hiring additional staff or purchasing new equipment.
5. Mixed costs - These are costs that have both fixed and variable components but are not easily separable. Examples of mixed costs include telecommunications expenses or advertising costs.
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An organization's __________ is composed of the key individuals who are responsible for selecting and implementing the firm's strategies.
a.governance circle
b.top management team
c.keiretsu
d.board of directors
An organization's top management team (TMT) is composed of the key individuals who are responsible for selecting and implementing the firm's strategies. The correct option is b. top management team.
The TMT is typically comprised of the CEO, COO, CFO, and other senior executives who hold decision-making authority within the organization. They are responsible for identifying the organization's strategic objectives, developing plans to achieve those objectives, and ensuring that those plans are effectively executed.
The TMT is crucial to an organization's success, as they are responsible for creating and implementing the firm's strategic vision. They are also responsible for managing the day-to-day operations of the company, ensuring that the organization is operating efficiently and effectively. The TMT is also responsible for setting the tone at the top of the organization, establishing a culture of excellence and accountability that permeates throughout the company.
Overall, the TMT is critical to an organization's success, as they are responsible for driving the strategic direction of the company and ensuring that it is effectively executed. As such, it is important for organizations to carefully select and develop their TMT, ensuring that they have the necessary skills and experience to lead the company to success. The correct option is b. top management team.
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Earth's Treasures Mining Co. acquired mineral rights for $144,000,000. The mineral deposit is estimated at 90,000,000 tons. During the current year, 22,500,000 tons were mined and sold. a. Determine the depletion rate. If required, round you answer to two decimal places. $ per ton b. Determine the amount of depletion expense for the current year. c. Journalize the adjusting entry on December 31 to recognize the depletion expense. If an amount box does not require an entry, leave it blank. Dec. 31
a. The depletion rate is $1.60 per ton.
b. The amount of depletion expense for the current year is $36,000,000.
c. The adjusting entry can be journalized by including details of depletion expense and accumulated depletion.
a. The depletion rate is calculated by dividing the cost of the mineral rights by the estimated amount of mineral deposit.
Depletion rate = Cost of mineral rights / Estimated amount of mineral deposit
Depletion rate = $144,000,000 / 90,000,000 tons
Depletion rate = $1.60 per ton
b. The amount of depletion expense for the current year is calculated by multiplying the depletion rate by the amount of tons mined and sold during the year.
Depletion expense = Depletion rate x Tons mined and sold
Depletion expense = $1.60 per ton x 22,500,000 tons
Depletion expense = $36,000,000
c. The journal entry to recognize the depletion expense would be:
Depletion Expense $36,000,000
Accumulated Depletion $36,000,000
The Accumulated Depletion account is a contra-asset account that is used to record the depletion expense and reduce the carrying value of the mineral rights over time.
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When buyers, real estate brokers, and mortgage leaders were dishonest about the ability of people to pay their mortgages, it led to:
When buyers, real estate brokers, and mortgage leaders were dishonest about the ability of people to pay their mortgages, it led to a housing market bubble and ultimately a financial crisis.
When buyers, real estate brokers, and mortgage lenders were dishonest about the ability of people to pay their mortgages, it led to an increased number of high-risk loans being approved. This, in turn, contributed to the housing market crash and the subsequent financial crisis.
This dishonesty included providing false or misleading information about income, employment status, and credit history, which allowed people to obtain mortgages they could not afford. As a result, many homeowners defaulted on their mortgages, leading to a wave of foreclosures and a significant decline in property values.
The consequences of this dishonesty were severe and long-lasting, affecting not just the housing market but the entire economy.
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county taxes are 6 mills, city taxes are 8 mills, and school board taxes are 7 miles. of homestead property is assessed at $110,000, what are the annual taxes?
The annual taxes for the homestead property assessed at $110,000 would be $2,310.
What will be find the annual taxes?To calculate the annual taxes, we need to first determine the taxable value of the property. Since the property is a homestead, there may be exemptions or special considerations, but we will assume for this calculation that the full assessed value is taxable.
Assuming that 1 mill equals $1 per $1,000 of assessed value, we can calculate the taxes as follows:
County taxes: $110,000 / 1,000 x 6 = $660
City taxes: $110,000 / 1,000 x 8 = $880
School board taxes: $110,000 / 1,000 x 7 = $770
Total annual taxes = $660 + $880 + $770 = $2,310
Therefore, the annual taxes for the homestead property assessed at $110,000 would be $2,310, assuming no exemptions or special considerations apply.
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As the growth of Mirkhani Mining Supplies has taken place, which one of the following is least likely to be a step it has taken in its international advancement? A. Development of an export division B. Collaboration between the sales department and the export division C. Use of advanced marketing techniques for its products within its home country of South Africa D. Adaptation of its products to better fit the needs of its customers E. Development of an international division
Based on the given options, the least likely step taken by Mirkhani Mining Supplies in its international advancement would be the use of advanced marketing techniques for its products within its home country of South Africa.
This is because the growth and expansion of a company are primarily driven by its ability to tap into international markets and increase its customer base. Therefore, it is unlikely that the company would focus solely on the domestic market when it has the potential to expand globally.
On the other hand, the other options mentioned are more likely to be steps taken by the company in its international advancement. The development of an export division and collaboration between sales and export divisions are necessary to expand the company's reach and increase sales in international markets.
Adaptation of products to better fit the needs of customers and the development of an international division are also crucial for the company's success in foreign markets.
Overall, Mirkhani Mining Supplies is likely to take several steps to advance its international expansion, and it is crucial for the company to adapt to the needs of different markets and customers to sustain its growth in the long run.
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At the end of Players Corporation's fiscal year, its portfolio of FVTPL investments purchased during the year is as follows: Security Cost Market Value A Common shares $10,000 $12,000 B Common shares 8,000 5,000 $18,000 $17,000 At the end of the year, Players company normally would increase the investment accounts to market value. report a loss on the income statement for $3,000 under "Other expenses". make no entry. report a loss on the income statement for $1,000 under "Other expenses".
At the end of Players Corporation's fiscal year, the company should report a loss on the income statement for $1,000 under "Other expenses."
1. Compare the market value of each investment to its cost.
2. Calculate the difference for each investment (gain or loss).
- For security A: Market value ($12,000) - Cost ($10,000) = Gain of $2,000
- For security B: Market value ($5,000) - Cost ($8,000) = Loss of $3,000
3. Combine the gains and losses to determine the overall impact on the income statement.
- Gain on security A ($2,000) - Loss on security B ($3,000) = Net loss of $1,000
Therefore, Players Corporation should report a loss of $1,000 under "Other expenses" on its income statement.
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be19.5 (lo 1, 2) at december 31, 2020, suff olk corporation had an estimated warranty liability of $105,000 for accounting purposes and $0 for tax purposes. (the warranty costs are not deductible until paid.) the eff ective tax rate is 20%. compute the amount suff olk should report as a deferred tax asset at december 31, 2020.
The deferred tax asset related to the warranty liability can be calculated as follows:
Calculate the temporary difference between the accounting and tax bases of the warranty liability:
Warranty liability for accounting purposes = $105,000
Warranty liability for tax purposes = $0
Temporary difference = $105,000 - $0 = $105,000
Calculate the deferred tax asset:
Deferred tax asset = Temporary difference x Tax rate
Deferred tax asset = $105,000 x 20%
Deferred tax asset = $21,000
Therefore, Suffolk Corporation should report a deferred tax asset of $21,000 related to the warranty liability at December 31, 2020.
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