Income under absorption costing will be equal to net income under variable costing when units produced equals units sold.
This is because under absorption costing, all manufacturing costs, including fixed overhead costs, are included in the cost of goods sold. Therefore, when all units produced are sold, all fixed overhead costs are absorbed into the cost of goods sold, resulting in the same net income as variable costing, which only considers variable costs.
It is important to note that absorption costing and variable costing are two different methods of accounting for costs, particularly in manufacturing businesses. Absorption costing allocates all manufacturing costs, including fixed overhead costs, to the cost of goods sold, while variable costing only allocates variable costs. This difference in accounting methods can result in different net incomes depending on the level of production and sales activity.
When production levels are equal to sales levels, all units produced are sold, which means that there is no ending inventory. This results in absorption costing and variable costing methods producing the same net income because fixed overhead costs are fully absorbed into the cost of goods sold.
However, if production levels are higher than sales levels, there will be ending inventory. Under absorption costing, fixed overhead costs will be allocated to the ending inventory, resulting in a higher net income compared to variable costing, which only considers variable costs. On the other hand, if production levels are lower than sales levels, absorption costing will allocate a portion of fixed overhead costs to the cost of goods sold, resulting in a lower net income compared to variable costing.
In summary, when units produced equals units sold, income under absorption costing will be equal to net income under variable costing because all manufacturing costs are fully absorbed into the cost of goods sold.
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Kanya has a credit card that gives a 6% discount on every purchase and free shipping when used online. The annual percentage rate on the credit card is 12%. Kanya wants to buy a laptop that costs $420. Which statement about the cost of the laptop is true?
If Kanya uses the credit card and pays the full balance during the billing cycle, she will spend $25.20 more than paying cash for the laptop.
If Kanya uses the credit card and pays the full balance during the billing cycle, she will spend $50.40 more than paying cash for the laptop.
If Kanya uses the credit card and pays the full balance during the billing cycle, she will spend $50.40 less than paying cash for the laptop.
If Kanya uses the credit card and pays the full balance during the billing cycle, she will spend $25.20 less than paying cash for the laptop.
Option (d) is true i.e, If Kanya uses the credit card and pays the full balance during the billing cycle, she will spend $25.20 less than paying cash for the laptop.
The Discount is a price cut applied to the regular cost of a good or service in an effort to generate or boost sales. Retailers and manufacturers use these reductions, also known as "sales" or "markdowns," across a variety of industries.
Types of Discounts:
Trade discount, Quantity discount, Cash discount.A price reduction offers a financial benefit, an incentive for customers to buy the product, according to the economic impacts of price reductions. Numerous earlier research has shown that consumers perceive greater levels of savings for a product when a larger price discount is offered.
The credit card that Kanya has to give a discount of = 6%
The cost of the laptop Kanya wants to buy costs= $420
The amount that will be deducted from the cost of the laptop= 420 × 6/100
= 2520/100
= $25.2
Therefore, the correct statement is that If Kanya uses the credit card and pays the full balance during the billing cycle, she will spend $25.20 less than paying cash for the laptop.
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Anton feels he needs to continue his relationship with his wife because if they broke up, it would be very costly for him financially and damage his business. Anton is showing?
Anton feels he needs to continue his relationship with his wife because if they broke up, it would be very costly for him financially and damage his business. Anton is showing Constraint commitment.
The desire to be together in the future—to have a lengthy time horizon for a relationship—is a key component of commitment.
Long-term relationship commitment has a significant impact on people's relationship behaviors, encouraging them to act in the couple's best interests rather than their own immediate self-interest.
One of the major advantages of taking a long-term perspective in partnerships like marriage is that the connection is assessed based on a longer time frame rather than just what is happening right now.
A here-and-now perspective would place a lot of pressure on the present exchange of positives and negatives as the basis for judging the relationship because few relationships are consistently gratifying.
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You are working as a private math tutor to raise money during spring break. Assuming you want to earn as much money as possible, you should:
Answer:
Assuming you want to earn as much money as possible, you should work longer hours so that you are paid more.
Explanation:
which of the following correctly explains the actions an agent should take if a customer wants to apply for an insurance policy
The action taken by the agent for the customer who wants to apply for the insurance policy should be to complete the application and review the information with the customer prior to obtaining the customer's signature, then send the application off to the insurance company.
What is a Insurance Policy?The insurance firm (the insurer) and the person(s), company, or other entity being covered have a legal agreement called an insurance policy (the insured). By reading your policy, you can make sure that it addresses your needs and that both you and the insurance provider are aware of your obligations in the event of a loss. Many insureds obtain a policy without fully comprehending what is covered, what is excluded from coverage, and what requirements must be satisfied before compensation will kick in in the event of a loss. The SCDOI wants to remind customers that thoroughly reading and comprehending your policy will help you steer clear of issues and disputes with your insurance provider in the case of a loss.The insurance agreement outlines the main commitments made by the insurance provider and details the coverage.
Therefore, The action taken by the agent should be to complete the application and review the information with the customer prior to obtaining the customer's signature, then send the application off to the insurance company.
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A typical ____________________________ fiscal policy allows government to decrease the level of aggregate demand, through increases in taxes.
The fiscal policy allows the government to decrease the level of aggregate demand, through increases in taxes is the Contractionary fiscal policy
See explanation bellow
What is a Fiscal policy?Simply put, a fiscal policy can be defined as the various ways in which government regulates the economy by ways in which they spend money and collect taxes.
There are basically three types of fiscal policy and they are
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You make $10.25 per hour. You have 7.5% of your total pay taken out of your check for your 401K retirement plan. How much will be taken out for your 401K if you work 47 hours this week
The amount that will be taken off the pay check for the 401k retirements plan given all the criteria indicated above is $38.82 (Option D)
What is the computation justifying the above?Given:
Pay Per Hour: $10.25
Bonus: $15.375 for every hour worked over forty hours.
Total Hour worked: 47 Hours
Percentage deductible: 7.5%
Total Pay thus =
(40 *10.25) + (7 *15.375)
= $517.625
Total 401 K deduction thus, =
7.5% * 517.625
401K Deduction total = $38.82
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Full Question:
You make $10.25 per hour. You have 71/2% of your total pay taken out of your check for your 401K retirement plan. How much will be taken out for your 401K if you work 47 hours this week? You get paid time-and-a-half for all hours over 40.
Select one:
A. $36.13
B. $69.02
C. $54.20
D. $38.82
E. $14.35
Who seek out research and buy rent or lease products or services offered by a business
External customer seek out research and buy rent or lease products or services offered by a business The people or organizations that purchase goods from an individual or a business are known as external customers.
The idea is clear enough to be explained with the help of a few examples: An individual purchases an automobile from a new car dealer (this individual is the new car dealer's client). The objectives for your external client can vary depending on your product or service,
Such as repeat business, recommendations, positive reviews, and other forms of corporate support. You may conduct formal or quick-pulse surveys as a follow-up after the purchase. When serving this group, "the customer is always right" is typically the driving philosophy, and the money they bring in is what keeps your business afloat.
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When faced with an intercultural ethical dilemma, you should ask yourself if the action is legal, if you can rule out a better alternative, if a trusted advisor would agree, and ________.
When faced with an intercultural ethical dilemma, you should ask yourself if the action is legal, if you can rule out a better alternative, if a trusted advisor would agree, and if you would do it if you were on the opposite side.
Why do you understand the ethical dilemma?
A decision-making issue between two possibilities in which neither is wholly acceptable from an ethical standpoint is known as an ethical dilemma (also known as a moral dilemma, ethical paradox, or moral conundrum).
How do you identify an ethical dilemma?
Health workers of all stripes frequently run across moral conundrums. You are advised to make decisions using a sequential process while taking ethical issues into account:
Identify the issue thereIdentify the problem and those in charge.Think about the pertinent details, laws, and regulations.Consider other possibilities following analysis.Implement the solutionReviewing and actingLearn more about an ethical dilemma :https://brainly.com/question/13015186
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An increase in the amount of excess reserves that banks keep _________ the value of the real-world deposit multiplier
An increase in the amount of excess reserves that banks keep decreases the value of the real-world deposit multiplier.
The fundamental mechanism for producing money supply is the deposit multiplier, also referred to as the deposit expansion multiplier and controlled by the fractional reserve banking system.
As they lend out their reserves, banks produce what is known as checkable deposits. The amount of these newly made deposits depends on the bank's reserve requirement ratio and the amount of money that is available for loans.
The ratio of the checkable deposit amount to the reserve amount is thus known as the deposit multiplier. The reserve requirement ratio's opposite is the deposit multiplier.
A deposit multiplier reduces the chance that a bank won't have enough cash on hand to meet regular customer withdrawal requests. The amount of money it must have also depends on its reserve requirement ratio.
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Write the definition in your own words
_________________________________________________________________________________________________________
Income Statement:
_________________________________________________________________________________________________________
_________________________________________________________________________________________________________
Accounting Period:
_________________________________________________________________________________________________________
Time-Period Principle:
_________________________________________________________________________________________________________
_________________________________________________________________________________________________________
_________________________________________________________________________________________________________
Matching Principle:
Income Statement corresponds to the statement of income and expenses related to organizational activity and profit and loss for a period.
An Accounting period refers to a period of time, such as a year, a month, a quarter, in which the situation of the company in relation to its accounting at that moment will be analyzed.
The Time-period Principle refers to the standard by which a company usually analyzes its financial results, with annual, quarterly and monthly statements being common.
The Matching Principle, on the other hand, refers to recording an expense in the same period of recording the related revenue, to generate greater structuring and reliability in the statements.
What is the purpose of accounting?It is the registration and organization of a company's financial resources for greater control over assets. Through accounting sciences, a company can recognize its real situation in the market, enabling decision-making more aligned with its objectives, in addition to demonstrating security for stakeholders.
Therefore, accounting is an essential instrument for controlling financial resources, helping a company to be well positioned in the market.
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Cost-volume-profit analysis is used to predict how changes in _____ levels affect profit.multiple choicefixed and variableproduction and salescosts and salessales and production
High.
Cost-volume-profit (CVP) analysis is a way to find out how changes in variable and fixed costs affect a firm's profit. Companies can use CVP to see how many units they need to sell to break even (cover all costs) or reach a certain minimum profit margin.
The point of CVP analysis is to determine how changes in variable and fixed costs will affect profits. The three main elements are cost, sales volume, and price. A CVP analysis looks at how these elements influence profit.
All costs can be resolved into fixed and variable elements. (ii) Over the activity range being considered costs and revenues behave in a linear fashion. (iii) The only factor affecting costs and revenues is volume. (iv) The technology, production methods, and efficiency remain unchanged.
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Some union agreements state that current employees must be informed of upcoming new openings. This practice is called job?
Some union agreements state that current employees must be informed of upcoming new openings. This practice is called internal job posting or just posting.
When company gets new vacancy first they should give opportunity to internal employees rather than going external. Giving opportunity to current employees increases their motivational level. This also sends a positive message to employees that company thinks of their growth and career advancement and they work for the organization more seriously.
This process also helps company by saving it's time and cost as posting can be done easier because employees can be found within the firm and employer can get right feedback of the employee plus it provides short learning curve.
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Social Security payments, welfare payments, and veterans' payments that the government makes directly to households are called government public payments.
Social Security payments, welfare payments, and veterans' payments that the government makes directly to households are called government public transfer payments.
What are government public transfer payments?Transfer payments are initiatives by municipal, state, and federal governments to redistribute money to individuals in need. Social Security and unemployment insurance are popular types of transfer payments in the United States. Corporate bailouts and subsidies are not typically referred to as transfer payments.Government transfer payments include Social Security payouts, unemployment insurance benefits, and welfare payments. Taxes are considered transfer payments.As it is given in the description itself, government transfer payments include Social Security payouts, unemployment insurance benefits, and welfare payments.
Therefore, Social Security payments, welfare payments, and veterans' payments that the government makes directly to households are called government public transfer payments.
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The question you are looking for is here:
Social Security payments, welfare payments, and veterans' payments that the government makes directly to households are called government public _____ payments.
In order to determine GDP using the expenditures approach, all spending on _____ goods and services, not intermediate goods, is added up.
In order to determine GDP using the expenditures approach, all spending on final goods and services, not intermediate goods, is added up.
This is further explained below.
What is GDP?Generally, GDP calculates the monetary value of the final goods and services—those purchased by the consumer—produced in a nation during a specific time period.
In conclusion, The expenditures technique calculates GDP by adding up all expenditures on final products and services, not intermediate goods.
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All city realty, inc. issued shares of stated value common stock for per share. the journal entry to record this transaction includes a credit to?
When shares are issued like All City Realty Inc did, the journal entry to record it will include a credit to Paid-In Capital in Excess of Stated-Common for $49,000.
How will All City Realty record the transaction?The entire amount that was earned from the share issuance is:
= 7,000 x 11
= $77,000
This entire amount will go to the cash account as a debit to show that the cash account is increasing in value.
The amount to the common stock is:
= Stated value x number of shares
= 4 x 7,000
= $28,000
This amount will be credited to the Common Stock account to show that it is increasing.
The difference is:
= 77,000 - 28,000
= $49,000
This amount will be credited to the Paid-In Capital in Excess of Stated-Common.
In conclusion, option A Paid-In Capital in Excess of Stated-Common for $49,000 is correct.
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The main monitoring and controlling tasks performed as part of project scope management are _____ scope and controlling scope.
The main monitoring and controlling tasks performed as part of project scope management are validating scope and controlling scope.
What is a project scope management?This refers to the exact total amount of work which must be done in order to deliver a product, service or intended result with specified functions and features.
Some process in the Project Scope Management are:
Collect Requirements.Define Scope.Create WBS.Verify Scope.Control Scope.Also, the Project Scope Management includes everything that must go into a project and what defines its success.
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Molly has a $2500 down payment saved for this purchase. Molly assumes the $1500 cash allowance will come straight off her total. How much loan does molly need?.
The Loan needed by Molly is $21,495
Based on the information given molly is going to pay the exact MSRP of $25,495 and Cash Allowance of $1,500
Now, let determine How much loan does Molly need:
Using this formula,
Loan needed =MSRP amount- Down Payment-Cash allowance
Where:
MSRP amount=$25,495
Down payment=$2,500
Cash allowance=$1,500
Let plug in the formula:
Loan needed=$25,495-$2,500-$1,500
Loan needed=$21,495
In conclusion, The Loan needed by Molly is $21,495.
What Is the Manufacturer's Suggested Retail Price (MSRP)?The price a product's manufacturer advises it to be sold for at the point of sale is called the manufacturer suggested retail price (MSRP). Some retailers also use the term "list price" to refer to the MSRP. An MSRP can be assigned to any retail item, even though they are most usually associated with cars. There is also an MSRP for other expensive items like electronics and appliances.
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Why do we record Direct deposits into the CPJ
Explanation:
Because those payments are done for creditors, repayment of loans and other expenses
The systematic risk principle argues that the market does not reward risks _____.
The systematic risk principle argues that the market does not reward risks that are borne unnecessarily.
Systematic risk is the principle that some risks are unavoidable and that diversification cannot prevent risk. Eliminating risk is highly impossible. This principle argues that the market does not reward risks that are borne unnecessarily.
Systematic risk is risk that impacts the entire market or a large sector of the market, and not just a single stock or industry. For instance, inflation, natural disasters, weather events, changes in interest rates, etc, impacts the entire market.
Hence, the principle of systematic risk argues that the market does not reward risks that are borne unnecessarily.
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How is a c-snp or d-snp member's care management health risk levels determined initially?
Initially determines the management of Elderly patients above 60yrs.
What is a special need plan (SNP)?
The member fills out a Health Assessment, which includes a series of inquiries regarding their health and any assistance they might require with everyday tasks.
A Special Needs Plan (SNP) is a Medicare Advantage (MA) Coordinated Care Plan (CCP) established to give these people with special needs customized care and services.
According to the Centers for Medicare and Medicaid Services, "special needs individuals" include those who have severe or disabling chronic diseases, are enrolled in Medicare-Medicaid, or are institutionalized beneficiaries.
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If the price of U.S.-produced goods becomes relatively less expensive compared to foreign-produced goods, ____________ increase(s).
If the price of U.S.-produced goods becomes relatively less expensive compared to foreign-produced goods, net export increases.
Aggregate demand increases while the additives of combination call for–along with intake spending, investment spending, government spending, and spending on exports minus imports upward thrust.
A second cause the mixture call for curve slopes downward lies inside the courting among hobby prices and investment. A decreased price level lowers the call for cash because much less money is required to buy a given amount of goods.
As the home price degree rises, foreign‐made items end up pretty inexpensive in order that the call for for imports will increase. But, the upward thrust within the domestic fee degree additionally approaches that domestic‐made goods are extraordinarily greater expensive to overseas shoppers in order that the demand for exports decreases.
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Suppose that government requires airline companies to have at least 30 airplanes and serve at least 20 different airports. This is an example of
Suppose that government requires airline companies to have at least 30 airplanes and serve at least 20 different airports. This is an example of barriers to entry.
What is monopoly?This is a market structure, where there is only one seller of a product and the seller can influence the price of the product.
Characteristics of a monopoly are:
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When a few firms with market power agree to restrict output and/or charge higher price, it is called
A few firms with market power agree to restrict output and/or charge higher price, it is called collusion.
Collusion is a fraudulent agreement or secret cooperation between two or more parties to limit open competition by deceiving, misleading, or fraudulent the legal rights of others. .. Collusion is not always considered illegal.
Collusion can lead to High price for consumers. This leads to reduced consumer surplus and allocation inefficiencies (price exceeds marginal cost). Collusion, which acts as a barrier to entry, can prevent new companies from entering the market.
Collusion refers to a combination, conspiracy, or agreement between sellers that raises or modifies prices, reduces production and increases profits.
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The premium charged for a standard workers compensation policy is based primarily on a company's:________
The premium charged for a standard workers compensation policy is based primarily on a company's payroll.
In simple terms, payroll is defined as the process when a company's employees are paid . Payroll includes collecting the list of employees to be paid after that tracking the hours worked is done ,then the employee's pay is calculated, distributing the salary on time, and the payroll expenses are recorded.
In order to get these steps done, a lot of background work is involved in it because payroll is more than just about calculating paychecks.
It is an intricate set of process in which different teams are required to work in tandem. But all these complexities can be managed effortlessly by the standardization of the processes, after that selecting the right service delivery model, and then using modern technology to manage payroll operations.
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Which method for determining an imc budget attempts to link promotional dollars with sales objectives?
The share of market/share of voice method of developing an IMC budget is an attempt to link promotional dollars with sales objectives.
While share of voice measures the brand awareness on a particular channel, market share on the other hand, is the percentage of a market that a single company controls by revenue or number of customers.
Basically, share of voice helps you understand how popular your brand is compared to all your competitors. It has been proven that a brand's share of voice tends to correlate with its share of the revenue and market.
Integrated marketing communication (IMC) can be defined as the process used to unify marketing communication elements, such as public relations, social media, business development principles, and advertising.
Hence, the share of market/share of voice method helps in developing an IMC budget which attempt to link promotional dollars with sales objectives.
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A profit-maximizing firm in monopolistic competition should shut down in the short run if?
When the price is less than average variable cost, a profit-maximizing firm decides to close down in the short run. Furthermore, if the firm's total revenue is less than variable costs in the short run, the firm should close down.
In long run, a business must make at least normal profit to justify staying in an industry, but in the short run, firm will continue to produce as long as total revenue covers total variable costs or price per unit is greater than or equal to average variable cost (AR = AVC). This referred to as the short-run shutdown price.
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Union leaders favor a standard rate of pay for each job (versus a pay range) because: Question 25 options: They distrust management merit/performance appraisal systems. A standard pay rate pays senior employees more. A pay range does not allow for merit increase. Supervisors have input in determining individual pay levels.
Union leaders favor a standard rate of pay for each job (versus a pay range) because A) they distrust management merit/performance appraisal systems.
Performance control is an ongoing process. all through the 12 months, managers are endorsed to have interaction with employees to establish desires, notice progress, and offer comments. Formal evaluations or appraisals regularly take region on a yearly or quarterly basis.
Performance appraisals are used to review the task performance of an employee over a few time frame. those reviews are used to highlight both strengths and weaknesses on the way to enhance destiny's overall performance.
A benefit-based totally performance appraisal machine encourages cooperation among personnel. makes use of pre-described criteria/requirements to rate the performance of employees. normally has an unfastened distribution, which allows any number of employees to be rated at any stage. Typically involves relative measures.
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In a small group, which type of roles often involve seeking, processing, and evaluating information?
The individual role frequently makes the group process problematic. When playing individual role, group members prioritize their own needs and interests over the needs of the group. As a result, they frequently exhibit traits like negativity, aggression, or endless laughter.
Different groups can produce positive, neutral, or negative experiences depending on their qualities, functions, and goals. Small groups typically concentrate on some form of task completion or goal attainment, but our interpersonal relationships largely focus on relationship building.
Examples of tiny groups that would each have a particular size, structure, identity, and interaction style include a campaign team for a state senator, a community of local organic farmers, and a college learning community focused on math and science.
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The calculation for ________ considers a customer’s product or service usage rate, their loyalty to the company, and the firm’s cost to serve that customer over time.
The calculation for customer lifetime value considers a customer’s product or service usage rate, their loyalty to the company, and the firm’s cost to serve that customer over time.
Customer lifetime value (CLV), commonly referred to as lifetime value (LTV), is the profit margin which is expected by the company to earn over the lifetime of their business relationship with the average customer.
In order to calculate customer lifetime value, first of all calculate the lifetime value by multiplying the average value of the sales, the average number of transactions, and the average customer retention period followed by the company.
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In many professional sports leagues, one team is not allowed simply to purchase a player from another team, so they have to trade which requires:
In many professional sports leagues, one team is not allowed simply to purchase a player from another team, so they have to trade which requires: a double coincidence of wants.
What is Trade Sport?In professional sports within the United States and Canada, a trade is a sports league transaction between sports clubs involving the exchange of player rights from one team to another. Though player rights are the primary trading assets, draft picks and cash are other assets that may be supplemented to consummate a trade, either packaged alongside player rights to be transferred to another team, or as standalone assets in exchange for player rights and/or draft picks in return. Typically, trades are completed between two clubs, but there are instances where trades are consummated between three or more clubs.
Trades only involve players who are under contract with their current teams. Free agent players, whose contracts have expired, cannot be traded by their former teams, and are free to join a different team.
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