As a result of advancements in automation, the component of product cost that is declining is direct labor. Automation technologies minimize human intervention in many manufacturing tasks, reducing labor costs. Even though there may be increases in manufacturing overhead, the reduction in direct labor often results in a net decrease in overall product cost.
Explanation:Due to the advent of automation, the component of product cost that is experiencing a decline is direct labor. The term 'direct labor' refers to the human labor component that directly contributes to the creation of a product or service. It typically involves roles like assembly line workers, craftsmen, or machine operators in a manufacturing setup. Automation minimizes the necessity for human intervention in many of these tasks, thereby reducing labor costs.
An example is an automobile factory; the production lines are predominantly automated, meaning fewer human workers are needed to fabricate each vehicle, leading to a significant drop in direct labor costs.
It's important to note that automation may increase other cost components such as manufacturing overhead due to the costs related to acquiring, maintaining, and upgrading automated equipment, but the net effect is often a reduction in overall product cost.
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Craig wants to get his old car repaired, but he doesn't want to spend much money. he probably will not want to go to the most expensive repair service, which is from a(n)
Final answer:
Craig should consider that higher repair costs at established dealerships with trustworthy reputations could lead to better long-term vehicle reliability and less risk. Cheaper services might result in ongoing issues and additional repair costs. Balancing risk appetite against potential future hassles is crucial.
Explanation:
Considering Craig's reluctance to spend a lot of money, he should be aware that the most expensive repair service often comes with a dealership that has a trustworthy reputation to uphold. This reputation is maintained by addressing not just the obvious problems with a vehicle, but by also focusing on long-term reliability, which creates positive word of mouth. However, should Craig choose a service with a cost that's too low, he might end up with a car that has unresolved issues, potentially leading to many unanticipated trips to the repair shop. Therefore, Craig needs to balance his appetite for risk against the desire to prevent future repair hassles. More established dealerships, with higher repair costs, might save him money in the long run by ensuring the car is fixed correctly the first time.
_________ include management's commitment to the ethics program and the methods or system for ethics evaluation.
which character is described in these lines? "the man-rular famous, the long worthy atheling, sighed for his liegemen
ANSWER: The following lines were taken from the poem 'Beowulf' which is an old English epic story consisting 3182 alternative lines and is considered as the most important works of the Old English literature. The particular lines of the story "the man-rular famous, the long worthy atheling, sighed for his liegemen" describes the King Hrothgar who is a legendary Danish King living in the 6th century. He is mentioned as the builder of the great hall Heorot, and ruler of Denmark when the Geatish hero Beowulf arrives to defeat the monster Grendel.
Compared to interest rates on long-term u.s. government bonds, interest rates on __________ fluctuate more and are lower on average. question 3 options: medium-quality corporate bonds low-quality corporate bonds high-quality corporate bonds three-month treasury bills save
The yield received for investing in a government-issued treasury security with a 3 month maturity is known as the 3 Month Treasury Bill Rate.
What is treasure bill ?The shorter end of the yield curve includes the 3 month treasury yield, which is significant when examining the US economy as a whole. From 2009 to 2015, the 3 month Treasury yield remained close to zero as the Federal Reserve kept its benchmark rates at zero in the wake of the Great Recession.
The 3-Month Treasury Bill is a short-term security issued by the US government with a fixed maturity of 3 months. By interpolating points along a Treasury curve made up of actively traded securities with term (for example, one month) maturities, the Federal Reserve determines yields for "constant maturities."
An emergency treasury bill aids in the government's efforts to raise money in order to pay its ongoing liabilities, which exceed its annual revenue generation. Its goal is to control the total amount of money in circulation at any given time while simultaneously minimising the overall fiscal deficit in an economy.
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The store paid $2.50 for a book and sold it for $5.25. what is the profit as a percent?
Answer:
110%
Explanation:
Took a test and got it right.
Describe at least one challenge of keeping a check register.
Answer:
The major challenges are
1. Discipline challenge
2. Accuracy issue
Explanation:
A check register is simply a document that is used to record all kinds of transaction that took place on your account. It records the debit and credit transaction on the account.
Most times, you can experience the challenge of keeping it updated and making mistakes with the recording.
Calculate the sales tax and total sale amount for a product that cost $52.98 and the sales tax is 9.2%
Health care, as a good, is best described by:
a. health care should be supplied by the government because it generates positive externalities.
b. health care should not be supplied by the government because the private market preserves incentives to improve health care with innovation and medical technology.
c. health care should not be supplied by the government because consumers pay a price well above the true cost of providing the service.
d. health care should be supplied by the government because it is nonexcludable.
e. both a and
b.
When will the Social Security fund dry up at its current level?
A.)2022
B.)2027
C.)2042
D.)2097
E.)2117
C) social security will run out by 2042.
At its current level, the Social Security fund is estimated to run dry in: C. 2042.
What is a Social Security fund?A Social Security fund can be defined as the special government account which are typically imposed and controlled by a central institutional unit, so as to provide social benefits for large sections of a community or the society as a whole.
In the United States of America, some examples of Social Security fund include:
Pension fundsHousing fundsUnemployment insuranceMedical insuranceAccording to the Social Security Board of Trustees, the Social Security fund at its current level is estimated to run dry in 2042.
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A nominal amount of money, such as one dollar, is sufficient consideration to form a valid contract. this is true even if the other party's consideration is much more valuable.
Answer:
very true
Explanation:
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Keith was looking to rumble. He saw Ocho up ahead and decided that his rival on the streets needed to feel a little pain and that Keith was the one to administer it. Keith grabbed Ocho and began to pummel him mercilessly. Ocho died from his injuries. Keith is guilty of ______.
A)voluntary manslaughter
B)murder based on his intent to kill
C)involuntary manslaughter
D)murder with intent to inflict grievous bodily harm
Answer:
The correct answer is D. Keith was looking to rumble. He saw Ocho up ahead and decided that his rival on the streets needed to feel a little pain and that Keith was the one to administer it. Keith grabbed Ocho and began to pummel him mercilessly. Ocho died from his injuries. Keith is guilty of murder with intent to inflict grievous bodily harm.
This is because, although Keith does not have the direct intention of killing Ocho (that is, he does not intend to commit the crime of homicide), his criminal actions do have a definite and clear intention to harm the other person. Therefore, the responsibility for the damage is attributable to him, as well as the awareness that his actions could seriously injure Ocho. In short, he is responsible for the murder for having intended to cause harm to the other person.
Rebello's preferred stock pays a dividend of $1.00 per quarter, and it sells for $55.00 per share. what is its effective annual
Shannon says that she works out in the evenings instead of the afternoons because roger is always late coming home from work. roger says he doesn't bother to rush home from work because shannon is always working out. this process of organizing the series of events in different ways is called
Answer:
Punctuation will be the correct answer
Explanation:
The process of organizing the series of events in different ways is called punctuation
An average of ____________ people in the united states fall victim to hate crimes each year. question 8 options: 150,000 250,000 195,000 100,000
Dax purchased only one asset during the current year. it placed in service equipment (7-year property) on september 10 with a basis of $40,000. calculate the maximum depreciation expense (ignoring any §179 or bonus depreciation
What is the rationale for the internal control principle, segregation of duties? select one:
a. history has shown that employees are generally dishonest and thus cannot be entrusted with performing related duties.
b. the work of one employee should, without duplication of effort, provide a reliable basis for evaluating the work of another employee.
c. control is most effective when only one person is responsible for a given task.
d. segregation of duties causes companies to hire more employees and thus it supports the economy?
You have planned purchases of $2,500. you have received orders that total $1,200, and you have ordered merchandise that totals $700. calculate the open-to-buy amount.
$600 is the open-to-buy amount. the portion of a budget allocation that is always available for new purchases during a budgetary period. A budgeted amount designated for the issuance of purchase orders is known as an open-to-buy. Broehm, H. D
What is open to buying at cost?A retailer develops an open-to-buy plan for a given timeframe as a budget for future inventory orders. By highlighting the discrepancy between the amount of inventory that is required and that which is currently available, it aids a retailer in stocking the proper quantity of the proper goods at the proper time.
Given
Planned Purchase = $2,500
Order Received = $1,200
Merchandise Order = $700
Required to Calculate the open-to-buy amount =?
the open-to-buy amount = Planned Purchase - Order Received - Merchandise Order
the open-to-buy amount = $2,500 - $1,200 - $700
the open-to-buy amount = $2,500 - $1,900
the open-to-buy amount = $600
It is determined at cost and allocated to various product categories according to how much each category contributes to overall sales. $600 is the open-to-buy amount.
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Dewayne is comparing two checking accounts.One has a monthly fee of $7 and a per check fee of $0.3 and the other has a monthly fee of $4 and a per check fee of $0.4 what is the minimum number of checks Dewayne needs to write for the first bank to be a better option?
f an employer does not offer a retirement plan, what might be another way to save for retirement?
If an employer doesn't offer a retirement plan, a worker can save for retirement by opening an IRA, investing in stocks, bonds, and annuities with private firms, and starting early to maximize savings potential.
If an employer does not offer a retirement plan, there are still many other ways to save for retirement. It is crucial to plan for retirement early in your employment career to take the necessary steps to meet your retirement goals.
One alternative to employer-sponsored plans is to open an Individual Retirement Account (IRA), including Traditional IRAs and Roth IRAs, where taxes are deferred, or contributions are made with after-tax dollars, respectively. Additionally, you can invest in stocks, bonds, and annuities outside of employment, possibly using private firms that offer tax advantages.
Furthermore, despite contributing to Social Security through the Federal Insurance Contributions Act (FICA) tax, experts recommend saving more to ensure a comfortable retirement, as Social Security payments alone may not be sufficient.
A used-car dealer has a vehicle on the lot with a sticker price of $6999. if the dealer markup on used vehicles is 12%, how much did the dealer pay for the car? Follow Report by Mikesntom3253 05.07.2017
Dealer paid an approximate amount of $6249.10 of the used car.
112% of x= 6999
x = 6999*100/112
x= $6249.10
What is an used car?A vehicle that has had one or more retail owners in the past is referred to as a used automobile, pre-owned car, or second hand car. Franchise and independent vehicle dealers, rental car agencies, buy here pay here dealerships, leasing offices, auctions, and private party sales are just a few of the places where used cars can be purchased. Some auto dealers provide "no-haggle prices," "certified" pre-owned vehicles, and extended service agreements or warranties.
Three different types of pricing information are commonly produced by used car pricing reports.
The price anticipated to be paid when purchasing from a certified new- or used-car dealer is known as the dealer or retail price.
The price a customer should anticipate receiving from a dealer if trading in an automobile is known as the dealer trade-in price or wholesale price. At a dealer wholesale auction, a dealer will often pay this amount for a car as well.
The price anticipated to be paid while purchasing from a private party. When selling to a private person, the buyer expects to receive a higher price than if they traded it in to a dealer. A private party purchaser wants to get a deal on the dealer's suggested retail price.
Geographical location might have an impact on used automobile pricing. Convertibles, for instance, are more popular in warmer regions than they are in cooler ones. In a similar vein, pickup vehicles might be more popular in rural than urban areas. Pricing is greatly influenced by the vehicle's general condition. The condition of a car is determined by its exterior, mechanical state, mileage, and past maintenance. The evaluation of a car's condition is highly subjective.
There are many ideas about how the market decides the prices of used cars offered for sale by private parties, particularly in comparison to new cars. According to one notion, new car dealers can generate higher demand by making a greater attempt to sell a car.
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wich of the following is not an optional deduction
A. 401(k)
B. Medicare
C. life insurance
D. Health insurance
Medicare is not an optional deduction compared to the other options listed.
Explanation:Out of the options provided, Medicare is not an optional deduction. Medicare is a government program that provides health care benefits to individuals aged 65 and older or those with certain disabilities. Unlike the other options listed (401(k), life insurance, and health insurance), Medicare is not a voluntary deduction that individuals can choose to contribute to.
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After an exciting football game in which the home team loses by one point, a crowd of fans throws bottles and begins to tear up the field. this behavior is best understood in terms of:
The behavior is best understood in the term of deindividuation. This is defined as a concept in social psychology in which a person experience a thought of having to loss a self-awareness when he or she is involved to a group in which is considered to be a matter of contention.
Give an example of a negative externality and an example of a positive externality
Final answer:
A negative externality example is air pollution from manufacturing, while a positive externality is a neighbor's actions enhancing a person's birdwatching experience. Additional examples of positive externalities include the broader societal benefits from vaccinations and neighborhood home improvements.
Explanation:
An example of a negative externality is air pollution caused by manufacturing activities. This pollution imposes health and clean-up costs on the entire society. The manufacturers may not bear these costs, leading to the production of more goods than would be if they were accountable for these external costs.
A scenario illustrating a positive externality would be a neighbor putting up birdhouses and planting trees, which attract birds for someone who enjoys birdwatching. This action increases the enjoyment and quality of life for the birdwatcher without any extra cost on their part.
Other examples of positive externalities include vaccinations and home improvements. Vaccinations protect the individual and provide herd immunity to others, reducing the spread of disease. When homes in a neighborhood are modernized, it increases the value of the upgraded homes and boosts other property values in the neighborhood.
An example of an externality is a situation where a bank opens a new office, and that new office causes deposits in the bank's other offices to increase.
Miguel is doing a research paper on new york city's stone wall riots of 1969. he visits the scene of the riots, interviews people who were there, reads the police reports of the event, and watches video footage. miguel is conducting a(n) ______.
a. overview
b. case study
c. experiment
d. data analysis
Miguel is conducting a case study on the New York City's Stone Wall Riots of 1969. He is conducting in-depth research by visiting the scene of the riots, interviewing people who were there, reading police reports, and watching video footage.
Explanation:Miguel is conducting a case study on the New York City's Stone Wall Riots of 1969. A case study is an in-depth analysis of a single event or situation. Miguel's research involves visiting the scene of the riots, conducting interviews with people who were there, reading police reports, and watching video footage.
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When a qualified plan starts making payments to its recipient, which portion of the distributions is taxable?
Carl started earning a paycheck and wants to invest some of what he earned. In this situation, why is it important for Carl to be financially literate?
Q 8.28: the net income for tina's company for the current year was $255,000, while the total assets reported were $3,200,000. at the beginning of that year, the inventory was understated by $69,000, and at the end of the year it was understated by $30,000. the correct amount for total assets and net income for the year is
Answer:
Cost of goods sold = -69,000 + purchases - (-30,000)
Cost of goods sold = -39,000
39,000 by 255,000.= $216,000
$30,000
Total assets = $3,230,000
Explanation:
Organizations with common interests, such as regulatory requirements, performance requirements, or data access, might share resources in a __________.
What are two variables needed to calculate demand?
the answer is: Price and quantity
Price refers to the monetary value needed to obtain the product while quantity refers to the amount of the product in the market.
As the price goes up, typically demand would fall since there would be less people that can afford to buy that products. As the quantity decreased, the product become scarce and this would increase the number of the demand of that product.
To calculate demand, two key variables are needed: the price of the product or service and the income of the consumers. Higher prices typically result in lower demand and higher consumer income can increase demand.
Explanation:
Two key variables needed to calculate demand are the price of the product or service and the income of the consumers. Price is directly linked to demand; a higher price generally leads to lower demand and a lower price typically results in higher demand. However, consumer income also plays a significant role; if consumer income is high, they are more likely to purchase goods and services even at a higher price, and vice versa.
An example could be a pricey designer handbag. If the price is reduced, demand may increase as more consumers can afford it (price variable). However, if there's a recession and many people lose their jobs, the demand may decrease even if the price is low because fewer people have sufficient income (consumer income variable).
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