The ABC method consists of four steps: identifying the activities, assessing their size and base for allocation, calculating the predefined rate, and assigning overhead expenses.
What types of costs are depending on activity?
Examples include the amount of space required per product, which is used to allocate both the factory's rent and the company's maintenance costs. Another example is the number of purchase orders (i.e., PO) used to assign the costs.
The specified overhead rate for each activity (decided in step 4) is multiplied by the degree of the cost driver activity employed by the product to assign overhead expenses to specific products.
Therefore, This procedure is frequently referred to as applied overhead.
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Which price control would cause a shortage of 20 units of the good? a price floor of $6
The price control that would cause a shortage of 20 units of the good is price celling set at $6.
What is price celling ?A price ceiling, can as well be regarded as the price cap, which is the highest point at which goods and services can be sold.
This serves as the type of price control as well as the the maximum amount in the market, and in the case , that is described above , The price control that would cause a shortage of 20 units of the good is price celling set at $6.
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Another name for a negotiated labor-management agreement is a?
Another name for a negotiated labor-management agreement is a Collective bargaining agreement (CBA).
What is Collective bargaining agreement ?Collective bargaining agreement can be regarded as the contract which encompass results of the negotiations that exist between the employer and the union.
Therefore, Another name for a negotiated labor-management agreement is a Collective bargaining agreement (CBA).
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Common stock's par value is ______. Multiple choice question. the same as the common stock's market price the common stock's average price an insignificant amount specified in the corporate charter the same as a bond's par value
Common stock's par value is an insignificant amount specified in the corporate charter.
What is common stock?
Common stockholders are the owners of the rights to participate in the election of the board of directors, vote on significant corporate policies, and claim a portion of the company's profits.
Meaning of par value:
The value the company assigns the stock in its articles of incorporation is arbitrary and has no bearing on the stock's market price. The par value of a common stock has no significance to investors. Stock sales in excess of par value are noted on the balance sheet of the company.
Meaning of corporate charter:
The founding members of a corporation must submit a legal document to the secretary or registrar of the state where they intend to conduct business, which is known as a corporate charter or articles of incorporation. Only after the charter is approved does the company formally become a corporate entity.
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What was the opportunity cost for lebron james when he determined to directly enter the nba?
LeBron James is one of the best basketball players in the country, was selected by the Cleveland Cavaliers as the first pick in the 2003 NBA draft, signing a three-year contract worth almost $13 million, with an option for a fourth year at $5.8 million. Had he decided to attend college instead, James would have incurred an opportunity cost of at least $19 million in forgone income to earn a four-year college degree.
Opportunity cost is the value you would gain or lose if you choose a different path or solution. The opportunity cost in this scenario is deciding to play in the NBA since college was too expensive. LeBron James ultimately saved time and money by taking the detour because he received a contract worth close to $13 million; otherwise, he would have had to pay more and spend more time attending a four-year college.
LeBron's decision to join the NBA right after high school graduation has an opportunity cost because he might have attended a four-year university or college instead. He was chosen by the Cleveland Cavaliers as the first overall choice in the 2003 NBA Draft
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Aarp expects agents offering aarp-branded products to demonstrate five key behaviors when interacting with customers. Aarp wants customers we work with to feel their relationship with aarp is _____________.
Aarp expects agents offering aarp-branded products to demonstrate five key behaviors when interacting with customers. Aarp wants customers we work with to feel their relationship with aarp is effortless and inspiring.
What is the way to interact with customers?Customer interaction involves rendering services to customers by business either through social media or physical contact.
For interactions with customers to be effective, there must be:
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Yang company sold merchandise for $2,000. The event is subject to a state sales tax of 9%. Based on this information, yang would be required to:.
Based on this information, yang would be required to:
Increase assets
Increase revenue
Increase liabilities
What is cash sales?
Cash sales mean selling merchandise whereby cash is collected from the customer instantly as against a promise to pay cash at a future which is applicable to credit sales.
Which accounts are impacted by cash sales?
By receiving cash from merchandise sales, the cash balance of the seller increases, the seller sales revenue would go up by the amount of cash sales and also liabilities would also rise as well.
When sales tax of 9% is deducted from sales revenue, the sum is kept Yang company until a later date when it would be remitted to the relevant tax authority, before then , the withheld sales tax is a liability for Yang company
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Three law partners form a Cross-Purchase Buy and Sell agreement. This agreement is funded with individual life insurance. How many total life policies are needed for this agreement
The total life policies that are needed for this agreement is: 6.
What is cross-purchase agreement?A cross-purchase agreement can be defined as a process that enables a business partners to buy a decease shares of a business and this process often depend on a life insurance policy.
Hence, the total life policies that are needed for this agreement will be 6 total life policies.
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What are the key challenges facing total with respect to financial communication?
The key challenges facing total with respect to financial communication are
Cultural differences.Attitude.Lack of motivation.Listening skills.Written communication quality.Appropriate communication tools.Communication is "an apparent answer to the painful divisions between self and other, private and public, and inner thought and outer world." As this definition indicates, communication is difficult to define in a consistent manner, because in common use it refers to a very wide range of different behaviors involved in the propagation of information. John Peters argues the difficulty of defining communication emerges from the fact that communication is both a universal phenomenon and a specific discipline of institutional academic study.
One definitional strategy involves limiting what can be included in the category of communication By this logic, one possible definition of communication is the act of developing meaning among entities or groups through the use of sufficiently mutually understood signs, symbols, and semiotic conventions.
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Firms that pursue an unrelated diversification strategy and are unable to create additional value tend to experience which of the following
Firms that pursue an unrelated diversification strategy and are unable to create additional value tend to experience a D)diversification discount.
Diverse companies change at a reduction relative to comparable single-section firms. We argue in this paper that this observed bargain isn't always in keeping with the evidence that diversification destroys fees. companies select to diversify. company characteristics that make firms diversify may additionally purpose them to be discounted.
We discover that there is a diversification bargain: The marketplace values of monetary conglomerates that interact in multiple sports, e.g., lending and non-lending financial services, are decreased than if those financial conglomerates were broken into economic intermediaries that specialize within the person's activities.
The diversification top class is the additional return that buyers can obtain with the aid of correctly diversifying their portfolios across a range of asset instructions. Powerful diversification calls for something substantially wiser than just shopping for a group of budget or ETFs, however, it's miles well really worth the effort.
Your question is incomplete. Please find below the complete question.
Firms that pursue an unrelated diversification strategy and are unable to create additional value tend to experience which of the following
A) product discount
B) financial controls
C) strategic controls
D) diversification discount
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A business that is independently owned and operated, is not dominant in its field of operation, and meets certain standards of size in terms of employees or annual receipts is a(n):
This business is called SMALL BUSINESS.
What is Small business and its role ?The SBA defines a small business as one that is independently owned and operated, not dominant in its field of operation and meets certain standards of size in terms of employees or sales.Small business is defined as a privately owned corporation, partnership, or sole proprietorship that has fewer employees and less annual revenue than a corporation or regular-sized business.4 types of small business
Sole proprietorship, Partnership, Corporation, andLimited Liability Company, or LLCRAfter agriculture, small businesses are the second largest employment provider in the Indian economy. In comparison to big corporations, small businesses generate the most number of employment opportunities per unit of capital invested. Therefore, they are the second largest generators of employment in human resource.
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According to classical macroeconomic theory and monetary neutrality, changes in the money supply affect?
According to classical macroeconomic theory and monetary neutrality, changes in the money supply affect the GDP deflator
A measure of inflation in the prices of goods and services produced in the United States, including exports. The GDP deflator, though calculated differently, reflects the GDP price index very well. The GDP deflator is used by some companies to adjust payments for contracts.
GDP deflator = nominal GDP / real GDP * 100
Other price indexes such as CPI and GDP deflators are not formed in fixed baskets of goods and services. The basket changes each year depending on the investment and consumption patterns of the people of the year.
The GDP deflator is an essential indicator of the economy and helps to compare the year-to-year rise in price levels of goods and services. Unlike the Consumer Price Index (CPI), the GDP deflator allows comparisons across multiple time periods without using the base year as a constant or specific commodity basket.
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How differently would you allocate assets between an elderly couple and a young entrepreneur?
According to conventional wisdom regarding asset allocation by age, you should hold a proportion of stocks equal to 100 minus your age. Therefore, if you are 40 years old, 60% of your portfolio should consist of equity. Criteria might be better changed to 110 minus your age or 120 minus your age because life expectancy increasing.
By deducting your present age from 100, you can utilize rule of thumb to determine your asset allocation. It implies that as you get older, you should shift away from equity funds and toward debt funds and fixed income assets in your asset allocation.
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When producers manage all marketing functions at the retail level they are employing a(n) distribution system.
When producers manage all marketing functions at the retail level they are employing an administered distribution system.
What is distribution system?This refers to how goods produced by manufacturers are moved or transported from production place to final consumers.
Distribution system refers to the transmission of the goods and services and equipment to the end users from the manufacturer. It involves all the methods, logistics and the procedures which is required for the flow of the goods and services to the users.
Advantages of distribution systems are:
1. Distributed systems consists of high implementation costs, but are cost effective in the long run.
2. Distributed systems are made to be efficient in every aspect since they posses multiple computers.
3.The distributed systems are far more reliable than single systems in terms of failures.
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The unit contribution margin is calculated as the difference between: _________
A. selling price and fixed cost per unit.
B. selling price and variable cost per unit.
C. selling price and product cost per unit.
D. C-fixed cost per unit and variable cost per unit.
E fixed cost per unit and product cost per unit.
Explanation:
Hhhghihjgogsu is one of the most popular and most powerful tools that you can use for 786 and your own business experience with the words below the web site is very important to me and the company is we6 and 322233455788909 is the difference between the 53 21 335 70
Which performance appraisal error reflects the tendency to rate every employee at the low end of the rating scale, regardless of actual performance?
"Errors of strictness" reflects the tendency to rate every employee at the low end of the rating scale, regardless of actual performance.
What are the mot common types of performance appraisal error?below mentioned are some of the common types of performance appraisal error.
PartialityPartiality is "the fact that information is incorrect as a result of the method employed to gather or convey it," according to the dictionary. This can also occur during performance reviews when, consciously or unconsciously, the appraiser takes a stand for or against the subject of the evaluation.
StereotypingStereotyping is a concept, idea, or model that is applied to individuals or groups over time. These clichés are typically used to categorize someone, and we instinctively presume that they have the same features as the other members of this group.
StrictnessOne of the most frequent mistakes in a performance review is the strictness. This occurs when an appraiser extrapolates one of the employee's attributes to encompass all the other factors that are being looked at.
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Proof-of-Blank______ is a requirement to define an expensive computer calculation, also called mining, that needs to be performed in order to create a new group of trustless transactions on the distributed ledger or blockchain. Multiple choice question. stake work decision
Proof-of-Work is a requirement to define an expensive computer calculation, also called mining, that needs to be performed in order to create a new group of trustless transactions on the distributed ledger or blockchain.
What is Proof-of-Work in Cryptocurrency?A type of cryptographic demonstration known as proof-of-work involves one party (the prover) demonstrating to another (the verifiers) that a certain amount of computational effort has been put forth. Consequently, this spending may be easily verified by verifiers with little work on their behalf.The goal of proof-of-work algorithms is not to demonstrate that a task was completed or that a computational challenge was "solved," but rather to prevent data modification by imposing onerous energy and hardware control constraints. Environmentalists have criticized proof-of-work systems for using too much energy.Later, Bitcoin popularized proof of work as the basis for agreement in a permissionless, decentralized network where miners compete to add blocks and create new money.To learn more about Cryptocurrency refer to:
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Luwam is convinced that her product idea has great potential. She has decided to produce the product herself, but will use other companies who specialize in storing and transporting products to help her move the product from where it is manufactured to the final consumer. These specialists Luwam uses will be part of her:
Luwam is convinced that her product idea has great potential. She has decided to produce the product herself, but will use other companies who specialize in storing and transporting products to help her move the product from where it is manufactured to the final consumer. These specialists Luwam uses will be part of her: "channel of distribution".
What is channel of distribution?A product or service could travel down a distribution channel to reach the market. A corporation can sell to customers directly through a direct distribution channel, which is typically a website or physical store.
Some characteristics of channel of distribution are-
A distribution channel is a network of businesses or middlemen where the final consumer buys a product or service.Wholesalers, retailers, distributors, and the Internet are examples of distribution channels.The manufacturer sells directly to the customer through a direct distribution channel. Before the product reaches the customer, indirect routes use a number of middlemen.The product, promotion, and price are other components of a company's marketing plan, which also includes a distribution channel, usually referred to as placement.Therefore, the length of a distribution channel depends on how many middlemen are needed to distribute a good or service.
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The winner of the first annual Tom Morris Golf Invitational won $105 in the competition which was held in 1899. In 2015, the winner received $1,460,000. If the winner's purse continues to increase at the same interest rate, how much will the winner receive in 2050
$25968406.94.
a. Computation of Effective Interest Rate
Future Value = Present Value * (1 + r)^n
Future Value = $1460000
Present Value = $105
n = Number of Years = 116 Years
Future Value = Present Value * (1 + r)^n
1460000 = 105 * (1 + r)^116
13904.76 = (1 + r)^116
1.0857 = 1 + r
Effective Interest Rate = 8.57%
b.Future Value in the year 2050
Future Value = Present Value * (1 + r)^n
Present Value = $1460000
n = Number of Years = 35 Years
Future Value = Present Value * (1 + r)^n
Future Value = 1460000 * (1 + 0.0857)^35
Future Value = 1460000 * 17.7866
Future Value in the year 2050= $25968406.94.
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If a price ceiling is not binding, then
Answer:
there will be a surplus in the market
A sudden increase in business pessimism shifts the aggregate-________ curve, leading to ________ output.
A sudden increase in business pessimism shifts the aggregate demand curve, leading lower output.
What is aggregate demand curve?
The total amount spent on domestic goods and services in an economy is known as aggregate demand.
The relationship between the amount of total spending in the economy and the price level for products is depicted by the aggregate demand curve's downward slope.
Aggregate demand includes all four components of demand:
Consumption
Investment
Government spending
Net exports—exports minus imports
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Petco provides products and services for individuals who own pets. Petco might use _____ to tailor marketing mixes to meet the needs of specific customers such as those who own cats, dogs, fish, birds, or other animals. in-store displays consolidated marketing advertising market segmentation
Petco might use D. market segmentation to tailor marketing mixes to meet the needs of specific customers such as those who own cats, dogs, fish, birds, or other animals.
What is market segmentation?Market segmentation is a marketing effort to identify and target consumer groups so that products and branding can be attractively tailored.
The purpose of market segmentation is to use the identified differences among customers to determine the best marketing strategies for different groups.
Good market segmentations should be:
StableActionableAccessibleIdentifiableSubstantialDifferentiable.The different types of market segmentation are summarized as follows:
Benefit SegmentationVolume SegmentationGeographic SegmentationBehavioristic SegmentationDemographic SegmentationProduct-space SegmentationPsychographic Segmentation.Thus, D. market segmentation can help Petco to tailor marketing mixes to meet the needs of specific customers.
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We say that the economy as a whole is in macroeconomic equilibrium if:
For the economy as a whole, macroeconomic equilibrium if the total spending, or aggregate expenditure, equals total production, or GDP: Aggregate Expenditure = GDP.
Macroeconomic equilibrium happens when the quantity of real GDP demanded equals the amount of actual GDP provided at the point of intersection of the ad curve and the AS curve. If the amount of actual GDP provided exceeds the amount demanded, inventories pile up in order that corporations will reduce production and expenses.
Macroeconomic equilibrium is a situation within the economy in which the amount of combination called for equals the quantity of aggregate supply. If there are changes in both aggregate call for or mixture deliver, you can additionally see a trade-in rate, unemployment, and inflation.
The amount of output furnished may be extra than the mixture demand. charges will begin to fall to dispose of the surplus output. As fees fall, the amount of combination demand will increase and the economy returns to equilibrium.
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Evaluate this SLA: Marketing will send four marketing emails each month, and sales will follow up with 50% of the recipients.
A Service Level Agreement (or SLA) is the part of a contract which defines exactly what services a service provider will provide and the required level or standard for those services.
There are three basic types of SLAs: customer, internal and multilevel service-level agreements. A customer service-level agreement is between a service provider and its external customers.
By Evaluation of this SLA we get,Marketing will send four marketing emails each month, and sales will follow up with 50% of the recipients.
1.This SLA’s requirements focus on the wrong activities.
2.This SLA’s requirements aren’t specific enough.
3.This SLA is missing a requirement.
4.No change needed.
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Janice works for an investment banking firm. Her company helps new companies begin the process of offering securities for sale. Janice herself also publishes analyses on the financial security of individual investments. Which of the following is true
Janice works for an investment banking firm. Her company helps new companies begin the process of offering securities for sale. Janice herself also publishes analyses on the financial security of individual investments Janice may assist in new companies’ issuance of securities as long as she makes notice of a conflict of interest
Financial security reaches a point where you are stable with enough money to pay off debt, pay monthly expenses, invest for retirement, and keep money in the bank for emergencies.
Elementary security is a financial asset or instrument that has value and can be bought, sold, or traded. Some of the most common examples of securities are stocks, bonds, options, mutual funds, ETF stocks, liabilities, and equities.
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A decrease in private sector borrowing and spending caused by increased government borrowing is:.
A decrease in private sector borrowing and spending caused by increased government borrowing is crowding out.
What is crowding out?Crowding out is a phenomenon in economics that occurs when increased government participation in a sector of the market economy has a significant impact on the rest of the market, either on the supply or demand side of the market.One type that is commonly discussed is when expansionary fiscal policy reduces private-sector investment spending. Government spending is "crowding out" investment because it requires more loanable money, raising interest rates, and limiting investment spending. This fundamental study has been expanded to include numerous channels, which may result in little or no change in total output.Therefore, a decrease in private sector borrowing and spending caused by increased government borrowing is crowding out.
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When a sales representative calls on a customer, or a call comes in to the customer service center, these are called customer ________. Multiple Choice
When a sales representative calls on a customer, or a call comes in to the customer service center, these are called customer Touch point.
When a sales representative calls on a customer, or a call comes in to the customer service center?The direct one-on-one connection between a customer making a purchase and a representative of the business selling it is known as customer service. The majority of retailers believe that this one-on-one contact is essential to ensuring customer satisfaction and promoting repeat business. When a sales representative calls on a customer, or a call comes in to the customer service center, these are called customer Touch point.
Even now, when a large portion of customer service is handled by automated self-service platforms, the ability to speak with a live person is still regarded as essential by the majority of firms. It's an important component of servant leadership.Customer service is the communication between a product's purchaser and the business that sells it.Effective customer service ensures brand loyalty one consumer at a time, which is essential for corporate success.Automation of customer service systems has been the focus of recent advancements, however the human aspect is in some cases, indispensable.Learn more about representative calls here:
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A catalog company that receives the majority of its orders by telephone conducted a study to determine how long customers were willing to wait on hold before ordering a product. the length of time was found to be a random variable best approximated by an exponential distribution with a mean equal to 3 minutes. find the waiting time at which only 10% of the customers will continue to hold.
The waiting time at which 10 percent of the customers would continue to hold in the catalogue company is given as 0.316
How to solve for the waiting timeWe have to solve for X ~ Exponential(λ).
then E(X) = 1/λ = 3,
= 0.3333
Remember that the cumulative distribution function of X is F(x) = 1 - e^(-λx). ; x is equal to the time in over case
For 10 percent of the people we would have a probability of
10/100 = 0.1
we are to find
P(X ≤ t)
= 1 - e^(0.3333)(t) = 0.1
Our concern is the value of t
Then we take the like terms
1-0.1 = e^(0.3333)(t)
1/0.9 = e^(0.3333)(t)
t = 3 * ln(1/0.9)
= 0.3157
~0.316
The waiting time at which 10 percent of the customers would continue to hold in the catalogue company is given as 0.316
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A firm charging a price identical to or very close to the competition's price is using a __________ strategy
A firm charging a price identical to or very close to the competitions price is using a status quo pricing strategy.
A status quo pricing strategy involves setting our product price equal to some benchmark over time. In other words, it can be that we match our competitions price. If a firm keeps their price the same over time and guarantee that it won't change, that's a status quo pricing strategy.
For instance, the soft drink industry. The price of a bottle of soda tends to be fairly consistent, be it a Coca-Cola or a Pepsi product. Other competitors in market with less brand loyalty, may try discounted pricing, but Coca-Cola and Pepsi tend to represent a status quo in pricing.
Hence, status quo pricing seeks to keep your product prices in line with similar products offered by your competitions.
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Work performance information and cost forecasts are main outputs of which process
Work performance information and cost forecasts are the main outputs of cost control.
What is cost control?It is the set of practices that assist in the control and organization of financial resources, in order to establish a budget that is a useful tool for greater understanding of income and expenses and greater coordination of the correct allocation of finances to fulfill your needs and for the achievement of objectives and goals.
In a company, cost control will help in effective positioning in the short and long term, helping to correctly understand the company's financial situation in a period, in addition to helping in the forecast of costs, expectations and planning as a whole.
Therefore, cost control is a set of tools that assists in the budget control of a company or an individual, being positive for the best organization of finances.
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Because owners are only responsible for losses up to the amount they have invested in a corporation, limited liability is considered:
Because owners are only responsible for losses up to the amount they have invested in a corporation, limited liability is considered a major advantage.
What is a limited liability?Limited liability is when the maximum amount an investor in a business can lose is the amount invested in the business. When the liabilities of investors are unlimited, once the amount invested has been used to pay for liability and their is still business debt, the person resources of investors would be used to pay the debt.
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