Answer:
his is an example of how rewards are used in association with the reinforcement theory
Explanation:
The reinforcement theory is the process of adjust the behavior of a person or a group by giving them a punishment or a reward for a specific decision or action according to the desired results.
In this case, the employees are recognized by their good behavior when they avoid missing days for a three months period. They receive a visible recognition and some gifts; these rewards show a positive reinforcement according to the reinforcement theory
The Children's Hospital in Denver's recognition program for staff with perfect attendance aligns with Reinforcement theory as it uses rewards to positively reinforce the desired behavior.
Explanation:The Children's Hospital in Denver's strategy of recognizing and rewarding staff members who have perfect attendance is an example of the use of rewards in association with Reinforcement theory. This motivational strategy is designed to increase the likelihood of the desired behavior - good attendance - by providing positive reinforcement. The hospital acknowledges employees with various prizes and the opportunity to choose from these rewards, with the individual who has the longest record of perfect attendance getting the privilege to select first. This technique aligns with the principles of reinforcement theory which suggests that behavior followed by positive consequences is likely to be repeated.
You've told Dan, a new contact, that you're looking for a qualified sales representative. Now you want to find out if there's any way you can help his business. What's an effective way to approach the question?
A. Hint that you might be willing to help him in return for referrals. B. Tell him you've heard his field has some major problems and offer to help. C. Give him your business card and tell him to call if he ever needs anything. D. Ask him if he has any challenging problems in his business. 19 . please answer only of right
Answer:
Ask him if he has any challenging problems in his business.-D.
In a given year, a consulting firm has the following costs: $600,000 in wages and salaries paid to employees; $73,000 in rental payments for office space; and $82,000 for office supplies, advertising, and utilities. In addition, Caroline, the owner of the firm, works for the firm full time (and is not paid a salary, since she receives the firm's profits). If she did not work for the consulting firm, Caroline could earn $130,000 per year working as a consultant for another firm. For each possible amount of total revenue, fill in the accounting profit and economic profit of the advertising firm.
Total Revenue ($) Accounting Profit ($) Economic Profit ($)
750,000
800,000
850,000
900,000
Answer:
750,000 -5,000 - 125,000
800,000 45,000 - 75,000
850,000 95,000 - 25,000
900,000 145,000 15,000
Explanation:
600,000 wages
73,000 rent
82,000 supplies
operating cost 755,000
opportunity cost 130,000
accounting profit revenue - operating costeconomic profit = accounting profit - opportunity costThe consulting firm's accounting profit and economic profit are calculated by deducting explicit costs and both explicit and implicit costs respectively from the total revenue. The calculations have been done for different values of total revenue to provide the respective profits.
Explanation:The total cost incurred by the firm equals the sum of wages and salaries, rental payments, office expenses and the opportunity cost of the owner (Caroline's potential income). Here, the total cost incurred is $600,000 (wages and salaries) + $73,000 (rental payments) + $82,000 (office expenses) + $130,000 (opportunity cost) = $885,000.
Accounting profit is the total revenue minus the explicit costs (wages, salaries, rent, and office expenses), and economic profit is the total revenue minus both explicit and implicit costs (the opportunity cost).
Therefore, for each given level of total revenue:
When Total Revenue = $750,000: Accounting Profit = $750,000 - $755,000 = -$5,000; Economic Profit = $750,000 - $885,000 = -$135,000 When Total Revenue = $800,000: Accounting Profit = $800,000 - $755,000 = $45,000; Economic Profit = $800,000 - $885,000 = -$85,000 When Total Revenue = $850,000: Accounting Profit = $850,000 - $755,000 = $95,000; Economic Profit = $850,000 - $885,000 = -$35,000 When Total Revenue = $900,000: Accounting Profit = $900,000 - $755,000 = $145,000; Economic Profit = $900,000 - $885,000 = $15,000Learn more about Economic and Accounting Profit here:
https://brainly.com/question/32529671
#SPJ3
A basic tenet of variable costing is that fixed manufacturing overhead costs be currently expensed. What is the rationale behind this? A. Fixed manufacturing overhead costs occur regardless of level of production. B. Fixed manufacturing costs change as production changes. C. Allocation of fixed manufacturing costs are arbitrary at best. D. Fixed manufacturing overhead costs are generally immaterial in amount.
Answer:
C. Allocation of fixed manufacturing costs are arbitrary at best.
Explanation:
A.- Yes, fixed cost occurs regardless of the level of production, but that is true for every costing method, and some of them do calculate a unit rate for fixed overhead. the statment is partially true
B.- If fixed cost changes with the level of production then, are variable cost, not fixed. Statement is FALSE
C. The allocation of fixed manufacturing costs is arbitrary at best. This is the reasoning for variable costing to consider fixed cost expenses, the method of allocating cost, using a rate always generates a difference in applied and overapplied MO It generates distortions and is not objective, it is based on personal option. The use of direct labor hours, cost or machine hours is evidence of that. TRUE
D.- There is such a cost, like depreciation, but others do incur in cash disbursements, like rent, indirect materials, supervisors, maintenance cost and others.is Statment is FALSE
Fixed manufacturing overhead costs are expensed in variable costing as they occur regardless of production levels, aiding in cost analysis and decision-making.
One of the reasons behind expensing fixed manufacturing overhead costs in variable costing is that fixed manufacturing overhead costs occur regardless of the level of production. This means that even if production levels change, fixed overhead costs remain constant.
Expensing fixed manufacturing overhead costs aligns with the principle of variable costing, where only variable costs are included in the cost of goods sold. This method helps in providing a clear understanding of the costs directly tied to production.
By immediately expensing fixed manufacturing overhead costs, companies can better analyze the cost of producing each unit and make informed decisions on pricing and production levels.
Which of the following would not require the company to record an accrual on the balance sheet? Select one: A. The company owes $43,000 in wages to its employees for the previous two weeks. B. Interest will be paid when a note payable matures in the following accounting period C. Management believes a lawsuit against the company is meritless because they have never had a single complaint about dangerous side effects of their drug in two years. D. The company knows that they will be fined for pollution as a result of their manufacturing process and can estimate the amount of the obligation. E. None of the above
Answer:
C. Management believes a lawsuit against the company is meritless because they have never had a single complaint about dangerous side effects of their drug in two years
Explanation:
The contingency is not estimable, and the company is not expecting to do any cash disbursement. At most, it will be disclosure on a footnote because it doesn't know the amount of the lawsuit or probability of occurring.
Wendy Epstein, a sales representative, earns an annual salary of $29,500 and receives a commission on that portion of her annual sales that exceeds $150,000. The commission is 8.5% on all sales up to $50,000 above the quota. Beyond that amount, she receives a commission of 10%. Her total sales for the past year were $295,000. Compute the following amounts:a. The regular annual salary $b. The commission $c. The total annual earnings $b. Calculate commission amounts on sales multiplied by commission percentages.c. Regular annual salary + commission = Total Annual earnings.
Answer:
a. Regular annual salary = $29,500
b. Sales commission = $13,750
c. Total annual earnings = $43,250
Explanation:
a. Regular annual salary is constant and fixed = $29,500
b. Sales commission for sales above $150,000 to $200,000 = 8.5%
On sales above $200,000 Sales commission = 10%
Actual Sales for the year = $295,000
Sales Commission
= $200,000 - $150,000 = $50,000 [tex]\times[/tex] 8.5% = $4,250
+ $295,000 - $200,000 = $95,000 [tex]\times[/tex] 10% = $9,500
Total commission = $4,250 + $9,500 = $13,750
c. Total annual earnings = Annual salary + Total commission
= $29,500 + $13,750 = $43,250
Final Answer
a. Regular annual salary = $29,500
b. Sales commission = $13,750
c. Total annual earnings = $43,250
The Morris Corporation has $350,000 of debt outstanding, and it pays an interest rate of 12% annually. Morris's annual sales are $1.75 million, its average tax rate is 40%, and its net profit margin on sales is 3%. If the company does not maintain a TIE ratio of at least 3 to 1, then its bank will refuse to renew the loan, and bankruptcy will result. What is Morris's TIE ratio? Do not round intermediate calculations. Round your answer to two decimal places.
The Times Interest Earned (TIE) ratio for Morris Corporation is 2.08, which is less than the 3 to 1 ratio expected by its bank. This ratio is calculated by dividing Earnings Before Interest and Taxes (EBIT) by the company’s total interest expense.
Explanation:The TIE (Times Interest Earned) ratio is a measure of a company's ability to meet its debt obligations. In this case, we are asked to calculate this for the Morris Corporation. To begin with, we need to find the Earnings Before Interest and Taxes (EBIT), which is calculated as Sales - Taxes - (Sales - EBIT). Given that the net profit margin (after tax profit) is 3%, we can determine that the pre-tax profit is 5% (3%/(1-40%)). This infers with an annual sale of $1.75 million, the EBIT is $87,500 ($1,750,000 x 5%).
The interest expense is $42,000 ($350,000 x 12%). Therefore, the TIE ratio is 2.08 ($87,500 / $42,000 = 2.08). This implies that Morris Corporation is not maintaining the TIE ratio of 3 to 1 its bank wants, and therefore may face the risk of bankruptcy.
Learn more about TIE Ratio Calculation here:https://brainly.com/question/34138583
#SPJ12
Which of the following typically happens as prices for a good or service rises?a. suppliers leave the marketb. consumers seek more of the good or service to consumec. demand becomes increasingly elasticd. more suppliers enter the market
Answer:
The correct answer is option D.
Explanation:
As the price of product increases the consumers will demand less because they now have to pay more than earlier.
The supply however is directly related to price level and will increase with the increase in price. The producers will produce more in order to enjoy higher revenue and profit.
This would encourage the other potential firms to enter the market, to earn higher profits.So more suppliers will enter the market.
However, this would lead to increase in supply of output. The excess supply will cause the price to fall eliminating higher profits.
When prices for a good or service rise, typically, more suppliers enter the market to take advantage of higher potential profits. This increase in suppliers is a response to the opportunities created by higher prices, leading to an increase in the quantity supplied.
The question which typically happens as prices for a good or service rise can be answered by understanding basic economic principles. When prices rise due to increased demand or reduced supply, it creates an opportunity for higher profits, which in turn attracts more suppliers into the market. This is because suppliers are always looking for markets where they can sell their products at higher prices to maximize their earnings. Moreover, the increased competition among suppliers aiming to take advantage of the higher prices may lead to an increase in the quantity supplied of the good or service. Hence, the correct answer is: more suppliers enter the market.
At the beginning of 2018, Uptown Travel, Inc. has the following account balances: Accounts receivable $ 46,000 (Debit) Allowance for Bad Debts $ 8,000 (Credit) During the year, credit sales were $ 820,000. Cash collected on credit sales was $ 750,000, and $ 17,000 was written off. Uptown uses the aging-of-receivables method to record bad debts expense. The amount estimated as uncollectible was $ 29,000. The amount of Bad Debts Expense for 2018 is ________.
Answer:
The amount of bad debt expenses for the year 2018 is $38,000
Explanation:
In the given question we have been told that the allowance for bad debts is $8,000 which the uptown travel, Inc has made and also another information that has been given in the question is that the uptown travel Inc uses the aging of account receivable method , this a method where we are calculating the amount of uncollectible bad debt expenses.
In this question it is been given that there is $17,000 of amount that is written off and there is $29,000 of amount which is uncollectible , so we will add these amount , which will give us the total amount which is uncollectible,
= $29,000 + $ 17,000
= $46,000
But in the question it has been given to us that the uptown travel Inc ahs made a allowance for the bad debts, so we will subtract this amount from the total amount which is uncollectible to get the amount of bad debt expenses.
Bad debt expenses = $46,000 - $8,000
= $38,000
Financial Decisions. Which of the following are investment decisions, and which are financing decisions? (LO1-1) a. Should we stock up with inventory ahead of the holiday season? b. Do we need a bank loan to help buy the inventory? c. Should we develop a new software package to manage our inventory? d. With a new automated inventory management system, it may be possible to sell off our Birdlip warehouse. e. With the savings we make from our new inventory system, it may be possible to increase our dividend. f. Alternatively, we can use the savings to repay some of our long-term debt.
Answer: Investing= a, c, d
financing = b, e, f
Explanation: Decisions related to use of available funds in the investment of different assets involves investment decisions. Decisions relating to borrowing and allocation of funds for making investment decisions are called financing decisions.
From above, we can conclude that,
1. Stocking up of inventory involves investment decisions.
2. Considering of bank loan involves financing decision.
3. Managing inventory involves investing decisions.
4. Selling of warehouse is an investment decision as warehouse is a fixed asset.
5. Increment in dividend is a financing decision.
6. Repaying long term debt involves financing decisions.
Lopez Company uses both standards and budgets. For the year, estimated production of Product X is 597,000 units. Total estimated cost for materials and labor are $1,194,000 and $1,671,600. Compute the estimates for (a) a standard cost and (b) a budgeted cost. (Round standard costs to 2 decimal places, e.g. 1.25.)
Answer: (a) Materials = $2 and Labor = $2.8
(b) Materials = $11,94,000 and Labor = $16,71,600
Explanation:
(a) Standard cost :
Standard cost is evaluated as a per unit amount.
For Materials,
= [tex]\frac{1194000}{597000}[/tex]
= $2
For Labor,
= [tex]\frac{1671600}{597000}[/tex]
= $2.8
(a) Budgeted cost :
Budget cost are evaluated as the total amount.
Therefore, for this year the budgeted cost are Materials = $11,94,000 and Labor = $16,71,600
The standard cost per unit of product X would be $4.80 while the total budgeted cost would be $2,865,600.
Explanation:The standard cost of producing one unit of product X can be calculated by adding the costs for materials and labor, and then dividing by the total number of units. In this case, we need to add $1,194,000 and $1,671,600 together, then divide by the estimated production of 597,000 units:
($1,194,000 + $1,671,600) / 597,000 = $4.80/unit
The budgeted cost is calculated as the total estimated costs for materials and labor without dividing by the units. This is because budgeted cost is the total cost that a company expects to incur, not the cost per unit. Therefore, it would simply be the sum of $1,194,000 and $1,671,600 giving a total of $2,865,600.
Learn more about Standard Cost and Budgeted Cost here:https://brainly.com/question/31950928
#SPJ3
All differences between super-variable costing and absorption costing are explained by: A. the accounting for direct materials and manufacturing overhead costs. B. the accounting for direct labor and direct materials. C. the accounting for direct labor and manufacturing overhead costs. D. the accounting for manufacturing overhead costs.
Answer:
D. the accounting for manufacturing overhead costs.
Explanation:
Unver variable cost are treated as period expenses, which means they are not capitalize on inventory, overhead expenses are expenses in their full amount.
While underabsorption costing it is captialized, which means unit cost are higher, increasing inventory account and decreasing the expenses of the period when the production is higher than sales which is usually common situation.
Palencia Paints Corporation has a target capital structure of 35% debt and 65% common equity, with no preferred stock. Its before-tax cost of debt is 8%, and its marginal tax rate is 25%. The current stock price is P0 = $29.00. The last dividend was D0 = $2.25, and it is expected to grow at a 6% constant rate. What is its cost of common equity and its WACC? Do not round intermediate calculations. Round your answers to two decimal places.
Answer: THE COST OF EQUITY IS 14.2% AND WACC IS 11.33%
Explanation:
Here in the question we have been given the weight of debt(35% debt) and weight of equity(65% equity), with marginal tax rate as 25%, PO which is current stock price as $29 and DO which is he last dividend as $2.25, and lastly with growth rate of 6%.
So for us to calculate the cost of common equity, we have to use the approach of discounted cash flow(DCF), where we will us the formula of -
Dividend in the first year (D1) / Current price of stock (PO) + growth rate
Here we know the value of PO and growth rate but don't know the D1, so firstl we will have to calculate the D1 using formula =
D1 = D0 (1+GROWTH RATE)
= $2.25 ( 1+6%)
= $2.25 (1+.06)
= $ 2.385
Now putting the value of D1 in cost of common equity formula,
= $2.385 / $29 + 6%
= .082 + .06
= .142 ( when multiplied by 100 to make in percentage we get 14.2%)
therefore the cost of common equity is 14.2%
For taking out WACC ( weighted average cost of capital ) we will use the formula of =
weight of debt [cost of debt(1 - marginal tax rate)] + weight of equity x cost
of equity
= 35% [8%(1 - 25%)] + 65% x 14.2%
= .35 [.08(.75)] + .65 x .142
= .35 x .06 + .0923
= .021 + .0923
= .1133 ( multiplying by 100 to make it in percentage)
= 11.33%
The cost of common equity of Palencia Paints Corporation, calculated using the Gordon Growth Model, is approximately 8.22%. The Weighted Average Cost of Capital, incorporating debt and equity proportions as well as the cost of debt and tax rate, is approximately 7.09%.
Explanation:The cost of common equity can be calculated using the Gordon Growth Model. According to this model, the cost of equity (ke) is given by the formula: D1 / P0 + g
, where D1 is the dividend expected next year, P0 is the current stock price, and g is the growth rate of dividends. Here, D1 can be calculated as D0*(1+g) = $2.25 * (1+ 0.06) = $2.385. So, ke = $2.385 / $29 + 0.06 = 0.0822 or 8.22%. The Weighted Average Cost of Capital (WACC) can be calculated using the formula:
WACC = ke * E/V + kd * (1−T) * D/V
, where E is the market value of equity, D is the market value of debt, V is the total market value of equity and debt, T is the tax rate, and kd is the cost of debt. Given the company's capital structure (35% debt and 65% equity), an 8% before-tax cost of debt, and a 25% tax rate, WACC would be: 0.0822 * 0.65 + 0.08 * (1 - 0.25) * 0.35 = 0.0709 or 7.09%.
Learn more about Cost of Capital here:https://brainly.com/question/33037728
#SPJ11
The most recent financial statements for Assouad, Inc., are shown here: Income Statement Balance Sheet Sales $ 11,100 Current assets $ 5,400 Current liabilities $ 3,300 Costs 7,900 Fixed assets 10,200 Long-term debt 4,820 Taxable income $ 3,200 Equity 7,480 Taxes (24%) 768 Total $ 15,600 Total $ 15,600 Net income $ 2,432 Assets, costs, and current liabilities are proportional to sales. Long-term debt and equity are not. The company maintains a constant 40 percent dividend payout ratio. As with every other firm in its industry, next year’s sales are projected to increase by exactly 17 percent. What is the external financing needed?
Final answer:
To calculate external financing needed for Assouad, Inc., we project next year's sales at a 17% increase and adjust balance sheet items proportionally. After projecting the balance sheet, we find a negative external financing needed of -$1,102.2, indicating that the firm does not need external financing and instead has surplus funds.
Explanation:
To calculate the external financing needed for Assouad, Inc., we first forecast next year's sales and the associated changes in the balance sheet items that are proportional to sales.
With a 17% increase in sales, next year's sales will be $11,100 x 1.17 = $12,987. The current assets, costs, and current liabilities will also increase by 17%. Fixed assets, long-term debt, and equity will not change because they are not proportional to sales according to the information provided.
Next, we determine the new levels of current assets and liabilities. Current assets will be $5,400 x 1.17 = $6,318 and current liabilities will be $3,300 x 1.17 = $3,861. The increase in retained earnings is found by taking the net income after dividends, which is (1 - dividend payout ratio) x net income = (1 - 0.40) x $2,432 = $1,459.2.
Now, we can outline the projected balance sheet for the next year:
Current assets: $6,318Fixed assets: $10,200 (unchanged)Total assets: Current assets + Fixed assets = $6,318 + $10,200 = $16,518Current liabilities: $3,861Long-term debt: $4,820 (unchanged)Equity: Existing equity + increase in retained earnings = $7,480 + $1,459.2 = $8,939.2Total liabilities and equity: Current liabilities + Long-term debt + Equity = $3,861 + $4,820 + $8,939.2 = $17,620.2The external financing needed (EFN) is the difference between the total projected assets and the total projected liabilities and equity. EFN = Total assets - Total liabilities and equity = $16,518 - $17,620.2 = -$1,102.2. A negative EFN suggests that the firm does not need external financing and has an excess of funds.
A farmer needs 500 vats of fertilizer a week during the summer. He has a barn that can hold plenty of vats which cost around $1 a week for storage & handling per vat. The ordering costs for a new order are $250 regardless of the order size. What is the EOQ for this farmer during the summer months?
Answer:
Explanation:
[tex]Q_{opt} = \sqrt{\frac{2DS}{H}}[/tex]
Where:
D = annual demand
S= supply cost = ordering cost
H= annual Holding Cost
We are asked for summer, so we work with a 3 months period
D = 500 * 12 weeks of summer = 6,000
S = 250
H= $1 x 12 weeks of summer = $12
[tex]Q_{opt} = \sqrt{\frac{2\times 6,000\times 250}{12}}[/tex]
[tex]Q_{opt} = 500[/tex]
How to Remember:
Demand per year and order cost goes in the dividend.
Holding cost goes in the divisor.
The farmer's Economic Order Quantity (EOQ) for the summer months, based on the given information, turns out to be 500 vats. This is calculated using the EOQ formula considering the annual demand, ordering cost, and holding cost.
Explanation:To calculate the Economic Order Quantity (EOQ), we need to apply the EOQ formula which is as follows:
EOQ = √ ((2DS) / H)
In this formula, D is the annual demand, S is the ordering cost per order, and H is the holding cost per unit per year.
The farmer's annual demand is calculated as (500 vats/week * 4 weeks/month * 3 months/summer), which equals 6000 vats. The ordering cost (S) is $250, and the holding cost (H) is $1 per week per vat for the duration of the summer months which equals $12/vat.
Substituting these values into the EOQ formula gives: EOQ = √ ((2*6000*250) / 12), or EOQ = √ 250,000. So, the Economic Order Quantity for the farmer for the summer months is 500 vats.
Learn more about EOQ here:https://brainly.com/question/34285831
#SPJ3
Genent Industries, Inc. (GII), developed standard costs for direct material and direct labor. In 2017, GII estimated the following standard costs for one of their major products, the 30minusgallon heavyminusduty plastic container. Budgeted quantity Budgeted price Direct materials 0.7 pounds $ 30 per pound Direct labor 0.8 hours $ 13 per hour During July, GII produced and sold 3 comma 000 containers using 2 comma 400 pounds of direct materials at an average cost per pound of $ 29 and 2 comma 490 direct manufacturing labor hours at an average wage of $ 13.50 per hour. July's direct material flexibleminusbudget variance is ________.
Answer:
The quantity variance = -900 unfavorable
Explanation:
Direct materials flexibel - budget variance:
standard
0.7 pounds $30 per pound
3,000 x 0.7 = 2,100 standard pounds
actual
2,400 pound $29 per pound
quantity variance:
30(2,100 - 2,400) = -900
In October 1, 2019, Westfield, Inc. sold machinery to a customer for $ 25 comma 000. The customer could not pay at the time of sale, but agreed to pay 12 months later, and signed a 12minusmonth note at 11% interest. How much interest revenue was earned during 2019? Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.
Answer:
Interest revenue for the year 2019 = $688
Explanation:
Total cost of asset = $25,000
Interest Revenue to be earned = 11% for 12 months
Total interest revenue = $25,000 X 11% = $2750
In the year 2011 the asset is sold on 1 October therefore interest revenue for the year 2011 will be from 1 October to 31 December = 3 months = $2,750 X [tex]\frac{3}{12}[/tex] = $687.50
Interest revenue for the year 2019 = $688
If labor and capital are perfect substitutes: A. isoquants are linear and downward sloping. B. cost-minimizing firms will generally use only labor or only capital in production, depending on the relative prices of labor and capital. C. the elasticity of substitution between the inputs is infinite. D. All of the above are correct. E. None of the above is correct.
Answer: (D.) All of the above are correct.
Explanation: If the factors of production are perfect substitutes then the following will hold true :
A. Isoquants are linear and downward sloping.
B. Cost-minimizing firms will generally use only labor or only capital in production, depending on the relative prices of labor and capital.
C. The elasticity of substitution between the inputs is infinite.
We can represent the entry of new firms into a monopolistically competitive market by shifting the existing firms’: a) demand curves downward. b) demand curves upward.c) marginal revenue curves upward. d) cost curves upward. e) cost curves downward.
Answer:
We can represent the entry of new firms into a monopolistically competitive market by shifting the existing firms' cost curves upward. - d)
The entry of new firms into a monopolistically competitive market by shifting the existing firms’ d) cost curves upward.
What is monopolistically competitive market?Monopolistic competition is a type of market structure where many companies are present in an industry, and they produce similar but differentiated products.
None of the companies enjoy a monopoly, and each company operates independently without regard to the actions of other companies.
What are the characteristics of a monopolistically competitive market?Four characteristics of a monopolistically competitive industry are:
Many sellers. There are many sellers in this industry.Easy entrance. Firms in monopolistic competition are small.Differentiated products. Firms in this industry sell differentiated products.Local Advertising.To learn more about monopolistically competitive market, refer
https://brainly.com/question/25717627
#SPJ2
At the Fish Dish Restaurant, the forecast for Thursday afternoon’s lunch period was 200 meals served. The manager used the restaurant’s staffing guide to schedule employees to work and ended the lunch shift with total labor costs of $425. If the actual lunch revenue amounted to $1,250 and the budgeted lunch labor cost percentage for the month was 32 percent, how close to budget were the labor costs for Thursday’s lunch period?
Final answer:
The labor costs for Thursday's lunch period at the Fish Dish Restaurant were $25 over budget.
Explanation:
To determine how close the labor costs for Thursday's lunch period were to budget, we need to compare the actual labor costs to the budgeted labor costs. The budgeted lunch labor cost percentage for the month was 32%, which means the budgeted labor cost for Thursday's lunch would be 32% of the lunch revenue. The budgeted labor cost can be calculated by multiplying the lunch revenue by the budgeted labor cost percentage: $1,250 x 0.32 = $400.
Since the actual labor costs for Thursday's lunch period were $425, we can determine how close they were to budget by finding the difference between the actual labor costs and the budgeted labor cost: $425 - $400 = $25.The labor costs for Thursday's lunch period were $25 more than the budgeted labor cost. Therefore, they were $25 over budget.How is the measure of occupational prestige determined? a. Employers are asked how prestigious they believe their businesses are. b. Jobs are ranked according to how much they are paid. c. Employees are asked to evaluate the prestige of their jobs. d. A nationwide sample of people is asked to evaluate a series of different jobs.
Answer:
The measure of occupational prestige is determined through the process in which a nationwide sample of people is asked to evaluate a series of different jobs.
Explanation:
Occupational prestige is also known as job prestige. It is a way used by sociologists to define the social position or standing of people based on their occupation. Rather than using the personal attributes of individuals, it ranks people according to their profession or occupation. The ranks lie from 0 to 100, with 0 being lowest score and 100 the highest. These ranks are alloted to different professions by conducting nationwide surveys.
Final answer:
The measure of occupational prestige is determined by averaging the ratings from a nationwide sample of people asked to evaluate different jobs, reflecting society's esteem for these positions.
Explanation:
The measure of occupational prestige is determined by a nationwide sample of people who are asked to evaluate a series of different jobs. Since the late 1940s, these national surveys have gathered Americans' perceptions on the prestige of dozens of occupations, averaging these ratings to yield prestige scores for those occupations. Jobs like physicians, college professors, and elementary school teachers tend to score high in these evaluations, reflecting the high esteem society holds for these positions. Conversely, jobs such as garbage collectors and janitors typically score lower, indicating less societal esteem. This method underscores the idea that occupational prestige is a key indicator of social class in high-income nations, alongside income, wealth, and education.
To gather evidence regarding the bank's balance in a bank reconciliation, an auditor would examine all of the following except theA.cutoff bank statement. B. general ledger. C. bank confirmation. D. year-end bank statemen
Answer:
B. general ledger.
Explanation:
hope this helped i did some research and that what i found xD
What is a reverse mortgage in simple terms
Answer:
Explanation:
The reverse mortgage is the mortgage which is give to the people who age is 62 years or below . The main aim of providing reverse mortgage loan is to take the loan in exchange of collateral security. The collateral security here means the home which is belongs to the borrower. The loan amount is depend upon the value of the home. The time period to repay the amount is of 6 months . If an borrower is unable to pay the amount, than bank or financial institution has the right to recover the loan amount by selling the house property of the borrower, and also it does not entertain with the monthly payments.
A reverse mortgage is a product offered by a bank to provide liquidity for people who are typically in retirement. The basic idea of a reverse mortgage is for the homeowner to use their equity as a source for retirement income. When the owner of the property dies, the bank must be paid back on that loan.
Bayside began 2014 with an inventory T-account debit balance of $155,000. Inventory purchases during the year amounted to $75,000. There were no inventory-related write-downs or losses. What is its December 31, 2014, inventory account balance?
Final answer:
Bayside's December 31, 2014, inventory account balance is $230,000, calculated by adding the year's purchases of $75,000 to the beginning inventory of $155,000.
Explanation:
The question asks for the December 31, 2014, inventory account balance of Bayside, given an opening inventory of <$strong>155,000 and inventory purchases amounting to <$strong>75,000 during the year, with no inventory-related write-downs or losses. To calculate the ending inventory balance, we need to add the purchases during the year to the beginning inventory balance since no other adjustments like sales or write-downs are mentioned.
Beginning Inventory: $155,000 + Purchases during the year: $75,000 = Ending Inventory: $230,000Therefore, Bayside's inventory account balance on December 31, 2014, is $230,000.
It is important for a salesperson to understand what service dimensions concern a buyer. A salesperson's question, "Do we send a team to your site for start-up?" addresses the service dimension of _____.
Your question asks what specific service dimension is important for a salesperson to understand and what dimension is the sentence addressing.
Answer: InstallationThe reason why "installation" would be the correct answer is because buyers want to make sure that they're getting whatever they're getting set up by the right people.
A sales person should know the installation service dimension in order to make sales, due to the fact that most buyers want someone that can come and install whatever they bought.
The sentence "Do we send a team to your site for start-up?" addresses installation because the salesperson is telling the buyer if they need to send their team to the buyer in order to install the start up that the buyer has.
I hope this helps!Best regards,MasterInvestorA salesperson's question about sending a team for start-up addresses the delivery service dimension. This relates to how a company's service or product is provided to the customer and is essential for customer satisfaction.
Explanation:When a salesperson asks, "Do we send a team to your site for start-up?", they are addressing the service dimension known as delivery. This involves how the company provides its service or product to the customer. It is a vital component of customer satisfaction, as it includes aspects such as speed, accuracy, and location of the delivery or service provided. Understanding this dimension helps the salesperson tailor their approach and ensure they are meeting the buyer's needs and expectations optimally.
Learn more about Delivery Service Dimension here:https://brainly.com/question/32784011
#SPJ1
A product has a demand of 4000 units per year. Ordering cost is $20, and holding cost is $4 per unit per year. The cost-minimizing solution for this product is to order:? A. 200 units per order. B. all 4000 units at one time. C. every 20 days. D. 10 times per year. E. none of the above
Answer:
A. 200 units per order
Explanation:
To solve this you have to use the economic order quantity formula:
[tex]Q_{opt} = \sqrt{\frac{2DS}{H}}[/tex]
Where:
Demand = 4,000
S= supply cost = ordering cost = 20
H= holding cost = 4
[tex]Q_{opt} = \sqrt{\frac{2*4000*20}{4}}[/tex]
Economic Order Quantity = 200
How to Remember:
Demand per year and order cost goes in the dividend.
Holding cost goes in the divisor.
You have been hired to do a study of the cooking process at a restaurant. The manager has hired your consulting firm because he has heard that you specialize in work measurement studies. You arrive at the restaurant, and your first task is to observe the steak cooking station. The cooks pretty much stand in one location while cooking but have a lot of hand motion. The process is they reach for a steak, throw it on the grill, reach for the spices, sprinkle the spices on the steaks, turn the steak over at the proper moment, again sprinkle with spices, and finally put on the plate.What is the best methods analysis to use to identify wasted motion and idle time of the chefs cooking steaks? __________
Answer: Predetermined motion time system and synthetic method .
Explanation:
Predetermined motion time system : It is used to compute minute costing in labor oriented industries to ascertain and fix the wage rates of workers. In this system conditions are predefined and amount of time required to complete the task under such conditions is ascertained.
.
Synthetic method : This is also called division method, under this different activities required to perform the task is divided and the time for completing the each is recorded to find the activity in which idle time is going.
Final answer:
To identify wasted motion and idle time of chefs cooking steaks, a Time and Motion Study is the best method. This, combined with applying scientific management principles, can help standardize the most efficient methods for cooking steaks, thus improving overall efficiency at the restaurant.
Explanation:
The best methods analysis to use to identify wasted motion and idle time of the chefs cooking steaks in a restaurant is a Time and Motion Study. This method involves observing and recording the time it takes for chefs to complete each task involved in cooking steaks, including reaching for a steak, seasoning it, flipping it, and plating. By analyzing this data, you can identify any inefficiencies or unnecessary steps in the process. For example, if there is significant idle time between flipping the steak and seasoning, there might be opportunities to optimize these steps for better efficiency. Additionally, process analysis can provide insights into how all steps work together and identify opportunities for streamlining or reorganizing tasks to reduce overall cooking time and increase productivity.
Applying scientific management principles, as developed by Frederick Taylor, can also be beneficial. These principles focus on analyzing and planning work to improve efficiency. By standardizing the most efficient methods discovered through the Time and Motion Study, the restaurant can ensure that all chefs are trained to use the same optimized methods, reducing wasted motion and idle time even further.
Which of the following statements is CORRECT with respect to variable cost per unit? It will decrease as production decreases It will remain the same as production levels change It will increase as production decreases It will decrease as production increases
Answer:
It will decrease as production decreases
Explanation:
When the cost are variable, they are bound to the production.
If production increase, total variable cost increase.
if production decerase, total variable cost decrease.
if production keeps at the same value, total variable cost ermains at the same value.
When Andrea is presenting the new line of Johnson and Johnson products to her clients at CVS, she learns that they are apprehensive about buying more Band-aid products from J & J due to the decline in Band-aid brand sales within the last year. Andrea responds to their concerns by presenting them with the newest form of Band-aid, Band-aid Liquid, and proceeds to show them information about the dramatic increase in Band-aid sales in their test market. Andrea's _____ presentation is consistent with the _____ orientation. Formula selling; Sales Formula selling; Marketing Adaptive selling; Production Adaptive selling; Sales Adaptive selling; Marketing
In Andrea's case, it is evident that her marketing presentation technique is consistent with the adaptive selling orientation. It is a technique of product marketing that helps in boosting sales.
What are product marketing techniques?A product marketing technique is referred as a such a technique where a potential market for the product is oriented in such a way that there are higher chances in increase of sales.
In this technique, new methods and technological advancements of a product are generated in driving and boosting the overall sales of a firm, similar to the technique used by Andrea to marker for her company's band-aids.
Hence, it can be stated that Andrea's marketing presentation is consistent with the adaptive selling orientation.
Learn more about Product Marketing Techniques here:
https://brainly.com/question/1561009
Andrea's interaction with CVS clients featuring the Band-aid Liquid shows an Adaptive selling approach aligned with a Marketing orientation, tailoring her presentation to meet specific client concerns and market data.
Andrea's Adaptive selling presentation is consistent with the Marketing orientation. In this scenario, Andrea is responding to the specific concerns of CVS clients regarding a decline in Band-aid sales by presenting a new product, the Band-aid Liquid, and sharing data about its increased sales in a test market.
This approach is adaptive because she tailors her pitch to address the clients' apprehensions and demonstrates an understanding of the marketing strategy, which includes accommodating different market needs and customer feedback, as seen in J&J's willingness to adjust margins and product sizes for different markets. Andrea's approach aligns with a marketing orientation because it focuses on meeting the customer's needs and wants rather than just pushing a product with a set sale presentation.
The carrying value of a $500,000, 4 year note with an 8 percent face rate (paid semiannually) that was issued to yield 9 percent is $491,031.19. What is the interest expense for the next interest period? A) $20,000.00 B) $19,641.25 C) $22,096.40 D) $44,192.81
Answer:
The answer is $22096,40
Explanation:
The annual interest expense is calculated: Nominal Value * yield rate*carrying value/nominal value. Because this note is paid semiannually, the formula is Nominal value * yield rate/2, where nominal value is equal to the face value ($500,000), and the yield rate = 9%. Because the carrying value is less than the nominal value, the cost for the company is less than the nominal expense.
So, the interest expense is $500,000 * 0.09/2 * 491,031.19/500,000 = 22,096,40
A farmer is considering the purchase of additional land to expand operations. The marginal tax rate is 20% And He requires at least a 10% pre-tax, risk free return on capital and a 3% risk premium on projects on comparable risk. What is the after-tax, risk adjusted discount rate? r=[rbt +PREM](1-m)
Answer:
r = 10.4%
Explanation:
[tex]r = (r_{bt} + prem) (1-m) \\where: \\r = after \: tax, risk-free \: adjusted \: discount \: rate\\r_{bt} = rate \: before \: tax, risk \: free\\PREM = risk \: premium\\m = tax \: rate\\[/tex]
r = (.1+0.03) * (1-.20)
r= 0.104 = 10.4%