The statement “because of their supposed performance standing committees such as a safety committee and a product committee are not considered true teams” is true.
Committees are different from teams because they are formed to achieve specific goals and objectives that are often unrelated to the overall mission and purpose of the organization. Although committees are composed of people who work together towards a common goal, they are not considered true teams because they do not have the same level of interdependence, collaboration, and commitment as teams do.
A committee is formed to investigate a particular issue, make recommendations, and then disband once the work is complete. This is different from teams, which are formed to achieve a long-term goal and work together to achieve that goal. Teams are more collaborative, with each member having a specific role to play in achieving the team's objectives. Team members are also interdependent, relying on each other to accomplish the team's goals. This level of interdependence and collaboration is absent in committees.
Committees are more focused on individual performance than team performance. Members of a committee are often selected based on their expertise or knowledge in a particular area, and their primary responsibility is to provide input and recommendations on the issue at hand. Members of a team, on the other hand, are selected based on their ability to work collaboratively towards achieving the team's objectives.
In conclusion, standing committees such as safety committees and product committees are not considered true teams because they are formed to achieve specific goals and objectives that are often unrelated to the overall mission and purpose of the organization. Committees are more focused on individual performance than team performance and do not have the same level of interdependence, collaboration, and commitment as teams.
Learn more about standing committees and true teams:https://brainly.com/question/2609442
#SPJ11
Duties, taxes, or customs imposed by the host country for imported or exported goods, are known as Tariffs. A) True B)
Tariffs are the taxes, duties, or customs that are imposed on the imported and exported goods by the host country. This makes the imported goods more expensive than the domestic ones, thus discouraging their purchase.What is a tariff?A tariff is a tax imposed on goods or services being imported from another country. Tariffs have been imposed throughout history in a number of ways. They are often used by governments to protect domestic industries or raise revenue.There are several types of tariffs. Some are specific, meaning they are based on the quantity of goods imported, while others are ad valorem, meaning they are based on the value of the goods. Additionally, some tariffs are applied to specific types of goods or to goods from specific countries.Tariffs can have a significant impact on international trade, affecting both importers and exporters. When a tariff is applied to an imported good, it raises the price of that good, making it more expensive for consumers to purchase. This can make it more difficult for foreign companies to sell their goods in the host country, reducing competition and allowing domestic companies to charge higher prices. As a result, tariffs can have the effect of reducing trade between countries and protecting domestic industries.
for such questions on taxes
https://brainly.com/question/28798067
#SPJ11
which of the following statements regarding standardization is true?
i. all products made to a given specification will be interchangeable.
ii. a range of standard specifications can be established so that the range covers the majority of uses for the item.
iii. standardization results in a larger variety of parts. group of answer choices a. i and ii are true b. ii and iii are true c. i and iii are true d. i, ii and iii are true e. none of the above is true
Option A: i and ii are true are true regarding standardization, i.e.(i). All products made to a given specification will be interchangeable. (ii). A range of standard specifications can be established so that the range covers the majority of uses for the item.
Standardization refers to the process of implementing, defining, and establishing a standard. It leads to uniformity in the products which in turn, lead to interchangeability or the ability to replace one product with another.Thus, it can be said that all products made to a given specification will be interchangeable.In addition to this, a range of standard specifications can be established so that the range covers the majority of uses for the item. This is true as different uses of a product require different specifications to be followed so that the item can be utilized as per the intended use.
However, statement iii is incorrect as standardization does not result in a larger variety of parts. In fact, it reduces the variety of parts and leads to interchangeability. Hence, the correct option is A.
Learn more about "Standardization" ; https://brainly.com/question/29749783
#SPJ11
Consider two bonds, one issued by the Coca-Cola Co. and the other issued by the State of Georgia. Both bonds have similar nontax characteristics (risk, for example), the same face value of $10,000, and the same market interest rate of 10 percent. The only difference between the two bonds is that the interest income from the Coca-Cola Co. bond is subject to a 20 percent income tax rate, whereas the interest income from the State of Georgia bond is tax-exempt with a 0 percent tax rate. Which of the two bonds is a better investment and should therefore have a higher demand? ex: 1-12
The difference between the return after taxes (10 percent vs. 8 percent), the better investment—again, all other investment features being equal—is the State of Georgia bond because it provides a higher after-tax return.
The better investment is the State of Georgia bond because the interest earned from the Coca-Cola bond is taxed at a rate of 20%, whereas the State of Georgia bond is tax-exempt, with a 0% tax rate.
As a result, the State of Georgia bond provides a higher after-tax return, making it a better investment. Furthermore, given that the bonds are comparable in all other respects, the State of Georgia bond should have a higher demand.
A bond is a debt instrument in which an investor loans money to an entity (typically corporate or governmental) that borrows the funds for a specified amount of time at a predetermined interest rate. In exchange, the borrower agrees to repay the amount borrowed (the principal) at a specified date, with interest added.
Learn more about returns after taxes at https://brainly.com/question/23093245
#SPJ11
estimating the cost of a product, identifying the price at which a product will be sold, and estimating the demand for a product all take place in which stage of the new-product development process?
The business analysis stage is the correct answer.
The new product development process is a set of measures used by a company to bring a new product to the market while ensuring that it meets consumer needs and adheres to industry requirements. This method also involves developing a marketing strategy to market the new product effectively.
Doing a business analysis include determining the target market's demands, comprehending the competitors, and creating a business model. Since it offers information that can be used to assess the likelihood of the product's success, this phase of new product development is crucial.
Learn more about business analysis here:
brainly.com/question/26370387
#SPJ11
if a firm in an oligopoly worries that by holding down its output, it may be taken advantage of by other firms who will raise their output(s) and achieve higher profits, the firm is said to be facing
If a firm in an oligopoly market structure worries that holding down its output may lead to higher output and profits for other firms, it is said to be facing a prisoner's dilemma.
This situation arises because each firm has an incentive to act in its own self-interest, which often leads to a suboptimal outcome for all firms in the market. In the case of the oligopoly, if one firm increases its output, it may attract more customers and gain a larger market share, but this may also encourage other firms to follow suit and lead to a downward spiral of price competition and lower profits for all firms.
Therefore, firms in an oligopoly must carefully consider the potential benefits and risks of their actions and try to coordinate their behavior to achieve a more mutually beneficial outcome.
You can learn more about prisoner's dilemma at
https://brainly.com/question/14526195
#SPJ11
according to the bureau of labor statistics, it is important for a market and survey researcher to be
According to the Bureau of Labor Statistics, it is important for a market and survey researcher to be meticulous, patient, and persistent.
What is a market and survey researcher?Market research is a type of business analysis that involves collecting, analyzing, and interpreting data from a variety of sources. A market and survey researcher, in particular, is in charge of conducting research and gathering data on potential buyers, competitors, and market trends.
A market and survey researcher should possess the following skills:
Meticulous: Exceedingly or excessively attentive in considering or handling little matters.
Patient: able to maintain composure and avoid getting agitated when interacting with unpleasant people or when waiting for a long time.
Persistent: How long someone is capable of and willing to commit to a task for, even when it is difficult, is referred to as persistence.
Even when they encounter obstacles along the way, some people are prepared to keep working on something.
Learn more about Bureau of Labor Statistics here:
brainly.com/question/28943443
#SPJ11
A large part of the Communication and Information career cluster probably didn’t exist 100 years ago—which part in particular and why? Why might this aspect of the career cluster be one of the most important today?
(THIS IS CRITICAL THINKING!!!)
the efficiency factor involves both productive and allocative efficiency, which means in order to reach its full production potential an economy must . multiple choice question. a. use the most resources to get the most goods and services for the most people b. use its resources to maximize profits at any cost c. use its resources in the most costly way to produce the specific mix of goods that maximizes people's well-being d. use its resources in the least costly way to produce the specific mix of goods that maximizes people's well-being
The efficiency factor involves both productive and allocative efficiency, which means in order to reach its full production potential an economy must use its resources in the least costly way to produce the specific mix of goods that maximizes people's well-being.
What is the efficiency factor? In economics, the efficiency factor refers to the production of as much output as possible using the least amount of input. An economy's productive efficiency is the ability to create as much output as possible with the resources available. Allocative efficiency refers to an economy's ability to create the optimal allocation of goods and services that maximizes people's well-being. In other words, it refers to how well an economy allocates its scarce resources to produce the optimal mix of goods and services to satisfy consumer preferences. In order to reach its full production potential, an economy must use its resources in the least costly way to produce the specific mix of goods that maximizes people's well-being. Therefore, the answer is option D, which means an economy must use its resources in the least costly way to produce the specific mix of goods that maximizes people's well-being.
For more such questions on efficiency
brainly.com/question/27870797
#SPJ11
what were the goals of taylor's scientific management? multiple select question. benefit the firm increase focus on human factors increase worker productivity benefit the worker
Taylor's scientific management aimed to benefit the firm, increase worker productivity, and benefit the worker.
In the management of the activities of the enterprise, the primary purpose of Taylor's scientific management was to benefit the business. Taylor considered increasing the effectiveness of the worker and enhancing productivity as ways to achieve this aim.
One of the goals of the scientific management approach was to minimize the time needed for a worker to complete a job by dividing it into smaller, more simple parts, thereby making it easier to finish. This saves time, reduces production expenses, and helps the firm to prosper.
Increased worker productivity is another goal of Taylor's scientific management. It involves breaking down the job into smaller, more manageable components, teaching employees how to conduct their work effectively, and offering performance-based incentives to ensure they maintain high productivity. This can boost worker morale and encourage them to work harder for the company.
Benefit the worker is the third goal of Taylor's scientific management. Taylor thought that enhanced working conditions, such as improved lighting and air quality, would increase worker output. He believed that happy employees would be more productive and perform their duties to the best of their abilities.
Learn more about Taylor's scientific management at https://brainly.com/question/17313334
#SPJ11
abc corp. stock is currently trading at $17.42. how does the strike price in a put option for abc stock at $21.75 limit the risk for you as the buyer of the put option?
Note that the strike price in a put option for ABC stock at $21.75 limits the risk for the buyer of the put option by guaranteeing that they can sell the stock at a higher price than its current market value, protecting them from potential losses.
What is a Strike Price?A strike price is the price at which an option can be exercised to buy or sell an underlying asset.
Thus, with regard to the above, a put option is a type of financial contract that gives the holder the right, but not the obligation, to sell an underlying asset at a specified price (the strike price) on or before a specific date.
If the price of the underlying asset decreases below the strike price, the holder of the put option can exercise their right to sell the asset at a higher price than its current market value, limiting their potential losses.
Learn more about Strike Price:
https://brainly.com/question/15682316
#SPJ1
organizations may use blank such as its own detailed sales breakdowns by product line as the starting point for a research project because the potential huge savings in time and cost savings. multiple choice question. external secondary data internal primary data internal secondary data external primary data
The type of data that organizations can use as a starting point for a research project because of its potential huge savings in time and cost savings is Internal secondary data.
What is internal secondary data?Internal secondary data is data collected from within an organization that has already been gathered, analyzed, and stored. This type of data can be used for various purposes, including improving operational efficiency, identifying areas for growth and expansion, or conducting market research.
Why is internal secondary data valuable for organizations?Organizations can use internal secondary data because it is easily accessible, accurate, and cost-effective. It saves the organization a lot of time and money because they do not need to spend resources gathering new data.
It also provides insights into areas where the organization needs to improve or focus on. Because of these benefits, organizations may use internal secondary data, such as their own detailed sales breakdowns by product line, as the starting point for a research project.
Learn more about internal secondary data here:
brainly.com/question/31183069
#SPJ11
Find the equivalent taxable yield of the municipal bond for tax brackets of zero, 10%, 20%, and 30%, if it offers a yield of 4%. (Round your answers to 2 decimal places.)
Tax Brackets
a. Zero ..................... %
b. 10% ..................... %
c. 20% ..................... %
d. 30% ..................... %
a. Zero ............................ 4.00%
b. 10% ............................ 3.60%
c. 20% ............................ 3.20%
d. 30% ............................ 2.80%
Given that a municipal bond offers a yield of 4%. We need to find the equivalent taxable yield of the municipal bond for tax brackets of zero, 10%, 20%, and 30%.Let the equivalent taxable yield of the municipal bond for tax brackets of zero, 10%, 20%, and 30% be x, y, z, and w, respectively.
Municipal bond offers a yield of 4%For tax bracket 0%, the equivalent taxable yield of the municipal bond is given byx = Municipal bond yield = 4%Taxable equivalent yield = Municipal bond yield/(1- Tax rate) = 4%/(1 - 0%) = 4%For tax bracket 10%, the equivalent taxable yield of the municipal bond is given byy = Municipal bond yield = 4%Taxable equivalent yield = Municipal bond yield/(1- Tax rate) = 4%/(1 - 10%) = 4.44% (rounded to two decimal places)
For tax bracket 20%, the equivalent taxable yield of the municipal bond is given byz = Municipal bond yield = 4%Taxable equivalent yield = Municipal bond yield/(1- Tax rate) = 4%/(1 - 20%) = 5% (rounded to two decimal places)For tax bracket 30%, the equivalent taxable yield of the municipal bond is given by w = Municipal bond yield = 4%Taxable equivalent yield = Municipal bond yield/(1- Tax rate) = 4%/(1 - 30%) = 5.71% (rounded to two decimal places)
Hence, the equivalent taxable yield of the municipal bond for tax brackets of zero, 10%, 20%, and 30% are 4%, 4.44%, 5% and 5.71%, respectively.
You can read more about bond at https://brainly.com/question/29282058
#SPJ11
journal entries used to prepare temporary accounts for a new fiscal period. true or false?
The statement "Journal entries used to prepare temporary accounts for a new fiscal period" is false.
Temporary accounts, such as revenue, expense, and dividend accounts, are used to accumulate information for a specific accounting period and are closed at the end of that period. The purpose of closing temporary accounts is to transfer their balances to a permanent account, typically the retained earnings account, in order to prepare the accounts for the next fiscal period.
Closing entries are used to close temporary accounts and transfer their balances to the appropriate permanent accounts. These entries are typically made at the end of the accounting period, not at the beginning of a new fiscal period.
Therefore, journal entries are not used to prepare temporary accounts for a new fiscal period, but rather to close temporary accounts at the end of the current fiscal period.
Learn more about journal entries here brainly.com/question/20421012
#SPJ4
The residual interest in a corporation belongs toA. the common stockholders.B. the preferred stockholders.C. the Board of Directors.D. Management.
The correct option is A, The residual interest in a corporation belongs to the common stockholders.
A corporation is a type of legal entity that is separate and distinct from its owners or shareholders. It is created by filing articles of incorporation with the appropriate state authority, which grants the corporation certain rights and privileges. One of the key benefits of a corporation is limited liability protection for its owners, which means that they are generally not personally responsible for the corporation's debts and legal obligations.
Corporations have a number of advantages over other forms of business, including the ability to raise capital by selling stock, perpetual existence (meaning the corporation can continue to operate even if one or more shareholders die or sell their shares), and centralized management. They also have certain legal requirements, such as holding annual meetings and keeping accurate financial records.
To learn more about Corporation visit here:
brainly.com/question/30029715
#SPJ4
which note-taking method involves sketching out your main ideas using bullet points?
The note-taking method that involves sketching out your main ideas using bullet points is called the Cornell Note-Taking System.
This system was developed by Dr. Walter Pauk at Cornell University in the 1950s and is widely used today. It consists of dividing the paper into three parts: a cue column on the left side, a main note column in the middle, and a summary column on the right. In the main note column, the student should take notes while the lecture is being given. After the lecture, they should summarize the notes in the summary column. Finally, the student should jot down the main ideas, questions, or keywords in the cue column by sketching out a visual representation of the main ideas using bullet points.
This system is helpful for reviewing and studying as it helps the student organize their notes.
For more questions on Cornell Note-Taking System.
https://brainly.com/question/27347019
#SPJ11
1.SpaceX builds a space elevator to carry goods into space without the use of rockets. This is an example of .
A.related diversification
B.vertical intergration
C.diversification
D.unrelated diversification
2.When a company purchases another business that does something different from what the purchasing company does, the purchasing company is using a strategy of
A.unrelated diversification
B. vertical integration
C. related diversification
3.Pretend that you own a small coffee shop. You have decided that this year is a good time to grow your business, and you have chosen to do so by acquiring a coffee cup manufacturer across town. This is an example of .
A. vertical integration
B. unrealted diversification
C. related diversification
4.Diversification is most frequently associated with a strategy of .
A.stability
B. growth
C. retrenchment
answer all 4 please.
Rockets are an example of vertical integration. The company is using a strategy of unrelated diversification. This is an example of unrelated diversification. Diversification is most frequently associated with a strategy of growth. Thus, option 1. (b), 2. (a), 3. (b), 4. (b) is correct.
Vertical integration includes lowering the number of outside suppliers and putting more emphasis on internal production. The process of investing financial resources in a new market or industry, or creating one or more items to offer on a new market, is known as diversification.
One of the four key growth strategies described by Igor Ansoff in 1957 is diversification strategy, which enables businesses to consider new industries they may enter or new products they could introduce to broaden their customer base and boost their income.
Therefore, option 1. (b), 2. (a), 3. (b), 4. (b) is correct.
Learn more about diversification, here:
https://brainly.com/question/32814087
#SPJ12
Which of the following internal controls most likely would reduce the risk of diversion of customer receipts by an entity's employees?A) A bank lockbox system.B) Prenumbered remittance advices.C) Monthly bank reconciliations.D) Daily deposit of cash receipts.
"Daily deposit of cash receipts" is the internal control that would most likely reduce the risk of diversion of customer receipts by an entity's employees. The correct answer is option D.
By depositing the cash receipts on a daily basis, the entity can limit the amount of cash available for employees to divert. The bank lockbox system, prenumbered remittance advices, and monthly bank reconciliations are also effective internal controls, but they are not specifically designed to address the risk of employee diversion of customer receipts.
Option D is the correct answer.
You can learn more about internal control at
https://brainly.com/question/14010896
#SPJ11
the information that is documented in variables sampling . multiple select question. includes the method and parameters used to determine sample size and the rationale for these assessments is the same regardless of the type of sampling application (mus, classical variables sampling, or nonstatistical sampling) includes definitions of the characteristic of interest, the population, and the sampling unit.
Includes the method and parameters used to determine sample size. The correct option is includes definitions of the characteristic of interest, the population, and the sampling unit.
The rationale for these assessments is the same regardless of the type of sampling application (MUS, classical variables sampling, or nonstatistical sampling).Variables sampling is a technique that is employed in statistical process control to collect data from a given process. The collected data is then utilized to assess the quality of the process. The variables sampling technique is widely used in quality control programs in industries such as manufacturing, engineering, and construction.
The technique is used to establish the extent of variations in a process, which is used to assess the process's quality. The technique is based on the collection of a sample of units from a given process. These units are then tested to establish the process's variability.
The information that is documented in variables sampling includes the method and parameters used to determine sample size, the rationale for these assessments, definitions of the characteristic of interest, the population, and the sampling unit. This documentation is the same regardless of the type of sampling application used, whether it is MUS, classical variables sampling, or nonstatistical sampling.
In conclusion, The correct option is includes definitions of the characteristic of interest, the population, and the sampling unit.
For more about variables sampling:
https://brainly.com/question/14052211
#SPJ11
Which of the following is true of exporting?
A) It avoids the costs of establishing manufacturing operations in the host country.
B) It is the preferred mode for selling bulk products globally.
C) It gives maximum control over the distribution network.
D) It is preferred when tariff barriers are high.
E) It prevents firms from achieving experience curve and location economies.
Exporting avoids the costs of establishing manufacturing operations in the host country is true of exporting. Option A.
Exporting refers to a firm's strategy of marketing or selling products to customers or other businesses in foreign markets. It is the oldest and most common form of international business activity, as well as the most widely used.
The export of goods and services across borders is known as exporting. It is the most basic and widely used method of entering foreign markets. A manufacturer in one country produces and sells goods to customers in another country using this method.
Hence, the correct answer is Option A "It avoids the costs of establishing manufacturing operations in the host country".
Learn more about Export at https://brainly.com/question/26428996
SPJ4
Whiston Corporation uses the weighted-average method in its process costing system. The following data were taken from the records of the first processing department for a recent month. Work in process, beginning: Units in process Percent complete with respect to materials Percent complete with respect to conversion 40 60% 50% Costs in the beginning inventory: Materials cost Conversion cost $6,200 $16,300 190 Units started into production during the month Costs added to production during the month: Materials cost Conversion cost $42,390 $136,340 Work in process, ending: Units in process Percent complete with respect to materials Percent complete with respect to conversion 30 50% 40% You are asked to prepare the cost reconciliation report for the department. Completion Materials Conversion Units 40 60% 50% Work in process, beginning: Units in process Percent complete with respect to materials Percent complete with respect to conversion Costs in the beginning inventory: Materials cost Conversion cost Units started into production during the month Costs added to production during the month: Materials cost Conversion cost $6.200 $16,300 Equivalent units Materials Conversion Units 190 Work in process, beginning Units started into production in the month work in process, ending Step 1: Equivalent Units Units completed and transferred out in the month work in process, ending EU of production in the department during the month Step 2: Cost per EU Cost to be accounted for Work in process, beginning Costs added in the department $42.390 $136.340 Total cost Materials Conversion Work in process, ending: Units in process Percent complete with respect to materials Percent complete with respect to conversion 30 50% 409% Total cost Materials Conversion Equivalent Units (Som Step 1) Cost per EU Step 3: Cost assignment Work in process, ending Equivalent units Cost per EU Cost of ending WIP Units completed during the month: Units completed transferred-out Cost per EU Cost of units completed and transferred out Step 4: Cost reconciliation Cost to be accounted for: Cost of beginning WIP Costs added to production during the month Total cost to be accounted for Total cost Cost accounted for as follows: Cost of ending WIP Cost of units completed and transferred out Total cost accounted for
The cost reconciliation report for the Whiston Corporation's first processing department in a recent month can be $48,590 (Cost to be accounted for) = $53,590 (Total cost accounted for)
Step 1: Equivalent units are calculated as:
Materials: 40 (Beginning WIP) + 190 (Started into production during the month) - 30 (Ending WIP) = 200
Conversion: 60% (Beginning WIP) + 50% (Started into production during the month) - 40% (Ending WIP) = 70%
Step 2: Cost per equivalent unit is calculated as:
Materials: ($6,200 (Beginning WIP) + $42,390 (Costs added to production during the month)) / 200 = $233
Conversion: ($16,300 (Beginning WIP) + $136,340 (Costs added to production during the month)) / 70% = $19
Step 3: Cost assignment is done as:
Work in process, ending: 30 (Units in process) x $233 (Cost per EU) = $6,990 (Materials) + 40% (Percent complete with respect to conversion) x $195 (Cost per EU) = $7,800 (Conversion)
Units completed during the month: 200 (Equivalent units) x $233 (Cost per EU) = $46,600 (Materials) + 70% (Percent complete with respect to conversion) x $195 (Cost per EU) = $136,500 (Conversion)
Step 4: Cost reconciliation is done as:
Cost to be accounted for: $6,200 (Beginning WIP) + $42,390 (Costs added to production during the month) = $48,590
Total cost accounted for as follows: $6,990 (Cost of ending WIP) + $46,600 (Cost of units completed and transferred out) = $53,590
Total cost: $48,590 (Cost to be accounted for) = $53,590 (Total cost accounted for)
For more such questions on cost
https://brainly.com/question/28147009
#SPJ11
which type of team is most likely to be given the task of designing a new product and bringing it into production?
Type of team that is most likely to be given the task of designing a new product and bringing it into production is a cross-functional team.
Cross-functional teams are usually assembled to address a particular business problem, such as developing a new product or improving a current process.
These teams typically include individuals from various departments, including engineering, marketing, sales, manufacturing, design, and other functions. The primary objective of a cross-functional team is to bring together diverse skill sets and perspectives to work on a common goal.
Since each member of the team comes from a different area of the company, they are more likely to consider issues from a variety of perspectives. This can help the team to identify new ideas and solutions to problems that might not have been considered otherwise.
So, the most likely team that is given the task of designing a new product and bringing it into production is a cross-functional team.
Learn more about cross functional team https://brainly.com/question/1490525
#SPJ11
The strongest way to start a formal business document is with a .A. Question to answerB. Bottom-line statementC. Purpose statementD. List of criteria
The strongest way to start a formal business document is with a Purpose statement.
Starting a formal business document with a purpose statement is a strong way to establish the objective of the document and provide the reader with a clear understanding of what to expect. The purpose statement can help set the tone and direction for the rest of the document, providing a framework for the information that will follow. By starting with a purpose statement, the writer can also ensure that the document remains focused and on-topic. While other approaches such as questions, bottom-line statements, or lists of criteria can also be effective in certain contexts, a purpose statement is generally considered the strongest way to start a formal business document.
Learn more about Purpose statement here https://brainly.com/question/29763212
#SPJ4
Answer:
Bottom-line statement
Explanation:
Which of the following statements is true?
Costs in beginning inventory plus current costs are accounted for under both weighted-average and FIFO costing.
Current costs are accounted for when using weighted-average costing but ignored when using FIFO costing.
Costs in beginning inventory are ignored when computing costs to be accounted for under FIFO costing.
Costs in beginning inventory are ignored when computing costs to be accounted for under weighted-average costing.
Among the options, the statement that is TRUE is: Costs in beginning inventory plus current costs are accounted for under both weighted-average and FIFO costing.
Both weighted-average and FIFO (First-In, First-Out) methods of inventory costing take into account the costs of the beginning inventory, as well as any additional inventory acquired during the period, in determining the cost of goods sold and the value of the ending inventory.
Under weighted-average costing, the costs of the beginning inventory are combined with the costs of any additional inventory acquired during the period, and the resulting total cost is divided by the total number of units to determine the weighted-average cost per unit. This average cost is then used to value both the cost of goods sold and the ending inventory.
Under FIFO costing, the costs of the beginning inventory are separated from the costs of the additional inventory acquired during the period, and the cost of the earliest inventory acquired (i.e., the "first-in" inventory) is used to value the first units sold and the ending inventory. The cost of the most recent inventory acquired (i.e., the "last-in" inventory) is used to value the units that remain in ending inventory.
Therefore, both the beginning inventory costs and the current costs are accounted for under both weighted-average and FIFO costing methods
Learn more about FIFO costing here:
https://brainly.com/question/17190532
#SPJ11
X company, which uses a perpetual inventory system, sold 2000 of merchandise on account with credit terms of 2/10, n/30. The journal entry to record the initial sale gross of any discounts will include ______.a debit to accounts receivable of 2000 anda credit to sales revenue of 2000
The journal entry would debit $2000 from accounts receivable and credit $2000 from sales revenue in order to reflect the initial sale gross of any discounts.
Due to the fact that the sale hasn't been paid for, when a business sells products on account, it records a receivable, an asset account. Additionally, the sale is recorded as income, increasing the business's revenue.
The customer may receive a 2% discount if they pay within 10 days of the sale's conditions of 2/10, n/30; else, they must pay the entire price within 30 days. Therefore, the journal entry should be recorded before the customer pays the amount due, as the sale has already been made.
Know more about journal entry here:-
https://brainly.com/question/15889958#
#SPJ11
Esquire Comic Book Company had income before tax of $1,750,000 in 2021 before considering the following material items: 1. Esquire sold one of its operating divisions, which qualified as a separate component according to generally accepted accounting principles. The before-tax loss on disposal was $415,000. The division generated before-tax Income from operations from the beginning of the year through disposal of $650,000. 2. The company incurred restructuring costs of $80,000 during the year. Required: Prepare a 2021 income statement for Esquire beginning with income from continuing operations. Assume an income tax rate of 25%. Ignore EPS disclosures. (Amounts to be deducted should be Indicated with a minus sign.) ESQUIRE COMIC BOOK COMPANY Partial Income Statement For the Year Ended December 31, 2021
Income from continuing operations Discontinued operations: Income from operations of discontinued component 199,000 Income tax expense (49,750)
Income (loss) on discontinued operations 149,250 Net income (loss)
From the information that can be retrieved, the income statement shows the net income (loss) is $ 1,284,250.
Prepare a 2021 income statement for Esquire beginning with income from continuing operations. Assume an income tax rate of 25%. Ignore EPS disclosures. (Amounts to be deducted should be Indicated with a minus sign.)
Esquire Comic Book Company Partial Income Statement For the Year Ended December 31, 2021
Income from continuing operations: $1,135,000
Discontinued operations:
Income from operations of discontinued component $199,000Income tax expense $(49,750)Income (loss) on discontinued operations $149,250Net income (loss) $1,284,250Learn more about Income Statement: brainly.com/question/15169974
#SPJ11
which term describes the price a consumer pays for the privilege of using someone else’s money?
suppose an economy is initially in a steady state with capital per worker below the golden rule level. if the saving rate increases to a rate consistent with the golden rule, then in the transition to the new steady state consumption per worker will:
In the transition to the new steady state, consumption per worker will increase.
When the saving rate increases to a rate consistent with the golden rule, firms are able to hire more workers and increase their production capabilities. As a result, the economy produces more capital per worker and the steady state shifts to one that is consistent with the golden rule.
This increased production leads to an increase in the average amount of consumption per worker, as more workers are employed and wages increase. This increase in consumption per worker is the result of the increased investment in capital that is facilitated by the higher saving rate.
The increased investment in capital, in turn, boosts the economy’s production capabilities and, ultimately, its level of consumption per worker.
To know more about steady state click on below link:
https://brainly.com/question/15073499#
#SPJ11
Washington, Inc. produces two different products (Product C and Product 2) using two different activities: Machining, which uses machine hours as an activity driver, and Inspection, which uses number of batches as an activity driver. The cost of Machining is $750,000, while the cost of Inspection is $90,000. The activity drivers are used as follows: Product C Product 2 Total Machine hours 1,000 3,000 4,000 Number of batches 45 15 60 What is the activity rate for Inspection? $2.000 per batch O $45,000 per batch O $1,500 per batch O $6.000 per batch Question 9 Which of the following is true about product and period costs? Both product and period costs are usually nonmanufacturing costs. O Product costs are usually nonmanufacturing costs, and period costs are usually manufacturing costs. O Product costs are usually manufacturing costs, and period costs are usually nonmanufacturing costs. O Both product and period costs are usually manufacturing costs.
The following is true about the product and period costs -Product costs are usually manufacturing costs, and period costs are usually nonmanufacturing costs.
Differentiate between Product costs & Period costs?
Product costs refer to those expenses incurred by businesses that are directly related to the production of goods. The two primary categories of product costs are direct labor and direct materials. Period costs, often known as non-manufacturing expenses, are expenses that are incurred during a specified time period in which no direct expenses have been incurred. Selling and administrative expenditures are examples of period expenses because they are incurred to manage and promote a company's products or services, rather than to produce them.
Washington, Inc. produces two different products (Product C and Product 2) using two different activities: Machining and Inspection. The cost of Machining is $750,000, while the cost of Inspection is $90,000. The activity drivers are used as follows: Product C & Product 2 Total Machine hours 1,0003,0004,000, Number of batches 45 15 60. For the inspection activity rate, we have Total Inspection Cost/Total number of Batches =$90,000/60 = $1,500 per batch. Thus, the answer is $1,500 per batch.
learn more about Differentiate between Product costs & Period costs here:
https://brainly.com/question/13830502
#SPJ11
Company F sells fabrics known as fat quarters, which are rectangles of fabric created by cutting a yard of fabric into four pieces. Occasionally the manufacturing process results in a fabric defect. Let the random variable X represent the number of defects on a fat quarter created by Company F. The following table shows the probability distribution of X. x 0 1 2 3 4 or more probability 0.58 0.23 0.11 0.05 0.03 If a fat quarter has more than 2 defects, it cannot be sold and is discarded. Let the random variable Y represent the number of defects on a fat quarter that can be sold by Company F. (a) Construct the probability distribution of the random variable Y. (b) Determine the mean and standard deviation of Y. Show your work. Company G also sells fat quarters. The mean and standard deviation of the number of defects on a fat quarter that can be sold by Company G are 0.40 and 0.66, respectively. The fat quarters sell for $5.00 each but are discounted by $1.50 for each defect found. (c) What are the mean and standard deviation of the selling price for the fat quarters sold by Company G?
(a) The probability distribution of Y is as follows:
Y 0 1 2 3 4 or more
Probability 0.58 0.23 0.11 0.05 0.03
(b) The mean of Y is 0.37 and the standard deviation is 0.58. This can be calculated using the formula:
Mean = Σ (x * P(x)) = 0 + 0.23 + 0.11 + 0.05 + 0 = 0.37
Standard Deviation = √Σ [(x - μ)2 * P(x)] = √[(0 - 0.37)2 * 0.58 + (1 - 0.37)2 * 0.23 + (2 - 0.37)2 * 0.11 + (3 - 0.37)2 * 0.05 + (4 - 0.37)2 * 0.03] = 0.58
(c) The mean and standard deviation of the selling price for the fat quarters sold by Company G are $3.50 and $0.66 respectively. This can be calculated by subtracting $1
Know more about Probability here:-
https://brainly.com/question/11234923#
#SPJ11
Company' is one of the 5 C's of marketing. What does it refer to?Learning about the company vision, mission, goals and reputationLearning about the competitorsLearning about the economic issuesLearning about the customers' preferences
Company is one of the 5 C's of marketing. It refers to learning about the company's vision, mission, goals, and reputation. This answer holds the correct option.
In marketing, the 5 C's are considered the fundamental pillars that help marketers to analyze the company's situation, identify problems and opportunities, and formulate marketing strategies accordingly. The 5 C's of marketing are as follows:
Customer: Customer refers to the target audience, their needs, preferences, and behavior. Marketers need to understand the customer's demographic, psychographics, and behavior to determine the target market.Competitors: Competitors refer to the rivals of the company who provide similar products or services. Marketers need to analyze the competitor's strengths, weaknesses, and strategies to formulate their strategies.Company: Company refers to learning about the company's vision, mission, goals, and reputation. Marketers need to analyze the company's strengths, weaknesses, opportunities, and threats to determine their marketing strategies.Collaborators: Collaborators refer to the partners, suppliers, and distributors who help the company to provide products and services. Marketers need to analyze the collaborators' capabilities and resources to determine the company's marketing strategies.Context: Context refers to the external environment in which the company operates. Marketers need to analyze the macro-environmental factors such as economic, social, technological, and political factors to determine the company's marketing strategies.Learn more about marketing at https://brainly.com/question/25369230
#SPJ11