Answer:
Debit Work in Process Inventory $137,000; debit Factory Overhead $30,000.
Explanation:
Work in process inventory includes direct labor = $94,000 + $43,000, while factory overhead includes indirect labor = $30,000.
Direct labor refers to the labor costs directly associated with the production processes, while indirect labor include all other labor costs that are not directly related to the production of goods, e.g. supporting activities, maintenance, administrative, etc.
I am thinking about decentralizing, allowing employees lower in the organization to make more decisions. When does decentralizing usually make sense?" Check all that apply.
A) When allowing employees to develop their decision-making and other strategic skills will be of value
B) When activities can be done more efficiently on a larger scale
C) When conditions are changing rapidly and it's desirable for employees with the most information about customers to make decisions quickly
D) When different areas of the company do not agree on which course of action to take and require coordination
The Decentralization should align with an organization's strategic objectives and the specific needs of its business model the decision to decentralize or centralize should be based on a careful assessment of these factors to ensure it enhances overall performance and agility.
Decentralizing can be a strategic choice for an organization under various circumstances.
Here are the scenarios in which decentralizing usually makes sense:
A) When allowing employees to develop their decision-making and other strategic skills will be of value:
- Decentralization can provide employees with opportunities to grow, enhance their skills, and take ownership of their work.
It allows them to become more self-reliant and responsible for their decisions, which can be valuable for personal and professional development.
C) When conditions are changing rapidly and it's desirable for employees with the most information about customers to make decisions quickly:
- In rapidly changing environments, decentralization can enable quicker responses to customer needs and market dynamics.
Employees closer to customers often have better insights into their preferences and can adapt more efficiently.
D) When different areas of the company do not agree on which course of action to take and require coordination:
- Decentralization can help address disagreements and conflicts within different areas of a company.
By allowing those responsible for specific functions or regions to make decisions independently, it can reduce the need for centralized coordination and expedite decision-making.
B) When activities can be done more efficiently on a larger scale:
- Decentralization may not be the best choice when activities benefit from economies of scale or standardization.
In such cases, centralization might be more efficient as it allows for uniform processes and resource optimization.
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Suppose you live in western Massachusetts and need to get to San Francisco to close a business deal by the following night. Because the only available flights are in Boston, you drive east to Boston in order to catch the first flight to San Francisco that morning. This solution would NOT have been possible if you had exclusively employed a
Answer:
hill-climbing strategy
Explanation:
Based on the scenario being described within the question it can be said that this would not have been possible if you exclusively employed a hill-climbing strategy. This is a strategy used for problem solving in which the easiest solution is employed first and adjustments are made to the solution as it is be implemented. In this scenario it would increase the travel time and you would never make it to the deal on time.
You have recently noticed that your employees seem to be either requesting or demanding favors from management. More importantly, performance has been flat during that same time. Potentially, which style of management has been employed?
Answer: Indulging
Explanation:
The meaning of indulge is "to treat with unearned favor." In context of the organization, the employees are been allowed or permitted with an unearned favour even though they all seems to be lackadaisical about their attitude to their job. The management knew this yet, still gives room for the employees to keep doing that.
Answer:
Indulging
Explanation:
Indulging is the acts of treating someone with special kindness, often when it is not a good thing.
It means to give someone anything they want and not to mind if they behave badly.
In this case, the style of management employed is indulging because employees have been asking for favour and again performance have been flat during those period of request; so, employees are seeking for some favour when it is not a good thing to give them because of the flat performance that is bad.
A company purchased 300 units for $60 each on January 31. It purchased 150 units for $25 each on February 28. It sold a total of 250 units for $70 each from March 1 through December 31. If the company uses the weighted-average inventory costing method, calculate the amount of ending inventory on December 31. (Assume that the company uses a perpetual inventory system. Round any intermediate calculations two decimal places, and your final answer to the nearest dollar.)
Answer:
Weighted-average inventory costing method Ending Inventory = $ 9666.67= $ 9667
Explanation:
Date Particulars Units Unit Cost Total Cost
January 31 Purchases 300 $ 60 $ 18,000
February 28 Purchases 150 $ 25 $3750
Total 450 $ 21,750
Weighted-average inventory costing method= Total Cost/ Total Units=
$ 21,750/450= $48.33 purchase price per unit
Sales 250 units at $ 70 = $ 17500
Ending Units = Purchases-Sales = 450-250= 200
Weighted-average inventory costing method Ending Inventory = $ 9666.67
200 units at 448.33= $ 9666.67= $ 9667
Answer:
$9,667
Explanation:
January 31 Purchases = 300 × $60 = $18,000
February 28 Purchases = 150 × $25 = $3,750
Total cost of purchases = $1,800 + $3,750 = $21,750
Weighted average cost = $5,550 ÷ (300 + 150) = $48.33 per unit
Units of ending inventory = Total units purchased - Total units sold = (300 + 150) - 250 = 200
Amount of ending inventory on December 31 = 200 × $48.33 = $9,667.
Suppose that the real return from operating factories in Canada rises relative to the real rate of return in the United States. Other things the same, a. this will only increase U.S. net capital outflow. b. this will increases U.S. net capital outflow and decrease Canadian net capital outflow. c. this will only increase Canadian net capital outflow. d. this will decreases U.S. net capital outflow and increase Canadian net capital outflow.
Answer:
B, this will increase U.S. net capital outflow and decrease Canadian net capital outflow
Explanation:
Americans would now want to invest their money in Canadian factories over American factories due to the increase in the real rate of return.
At the same time, Canadians would be less likely to invest in American factories due to how Canadian factories are now more lucrative.
This will only increase U.S. net capital outflow.
The answer is option A.
What increases US net capital outflow?An increase in U.S. net capital outflow increases the supply of dollars and the dollar appreciates. An increase in U.S. net capital outflow increases the demand for dollars and the dollar appreciates. An increase in U.S. net capital outflow increases the supply of dollars and the dollar depreciates.
What is US capital inflow?In economics, capital inflow is the amount of capital coming into a country, for example in the form of foreign investment.
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conomists make use of assumptions, some of which are unrealistic, for the purpose of a. teaching economics to people who have never before studied economics. b. advancing their political agendas. c. developing models when the scientific method cannot be used. d. focusing their thinking.
Answer: (D) Focusing their thinking
Explanation:
According to the give question, the economist use the various types of assumptions for understanding the various types of managing the business in the competitive market environment.
The economist assumptions is basically helps in making various types of effective decisions that makes better understand their client and also customer in the economic model.
Some of the assumptions are also unrealistic for the main purpose of focusing their thinking ability as it helps in improving the thinking ability of the person so that they can make various types of effective decisions.
Therefore, Option (D) is correct answer.
Randy complained to his boss, Maryann, that he received the same bonus this quarter as everyone else, despite the longer hours he had worked and his higher level of experience, production, and efficiency. If Maryann can't change the bonus, she should expect that Randy might respond in any of the following ways except:
A) quit
B) maintain his level effort
C) experience high job satisfaction
D) show up to work on time every day
E) working harder
Answer:
E. Working harder.
Explanation:
Motivation is getting people to work in order to accomplish a set goal. It is also the process of bringing out the best in people by making them know the reason for motivating them, which is premised on their needs not yet fulfilled.
It is the duty of manager to influence his or surbodinate positively in terms of being productive in order to improve their capacity and efficiency. A well motivated employee will have on the job satisfaction and individual self development.
Employees can be motivated through payment of incentives like bonus for working extra hours or for working on weekend which is outside of the normal working days.There is also affiliation motivation, which is a desire to socially relate with people and achievement motivation, which is a desire to purse a goal and achieve it.
As in the case above, Randy might gnore his feeling of not being adequately rewarded and work harder in next quarter.
A job ________ describes the qualifications necessary for a specific job, in terms of education, experience, personal characteristics, and physical characteristics.
a. appraisal
b. description
c. specification
d. resume plan
Answer:
The answer is specification (Option C)
Explanation:
A job specification is a written statement that describes the set of specific knowledge, experience and qualities which a person must possess in order to work a particular job.
The set of experience, qualities and knowledge include emotional, technical, physical and communication skills required to perform a job, level of experience, responsibilities involved in the job, academic qualifications, among other demands.
The term 'job specification' refers to a description of the qualifications necessary for a particular job, including education, experience, personal and physical characteristics. It serves as a guide for potential candidates and an important tool for HR during recruitment.
The correct option is c.
Explanation:A job specification describes the qualifications necessary for a specific job, in terms of education, experience, personal characteristics, and physical characteristics. This is not to be confused with a job description, which outlines the responsibilities and duties of the job, or a job appraisal, which is a performance review. A job specification acts as a guide for potential candidates, helping them understand if they have the required skills and qualifications needed for the job. In addition, it serves as a useful tool for human resources to screen candidates and can be crucial during the recruitment process.
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_____ occurs when an advertiser underwrites the total cost of a program.
A. Market aggregation
B. Full-spot participation
C. Sponsorship
D. Narrowcasting
E. Television customization
A stimulative fiscal policy combined with a restrictive monetary policy will necessarily cause
A stimulative fiscal policy combined with a restrictive monetary policy will lead to a decrease in aggregate demand and a potential decrease in real GDP.
Explanation:A stimulative fiscal policy combined with a restrictive monetary policy will necessarily cause a decrease in aggregate demand and a potential decrease in real GDP. Stimulative fiscal policy involves increasing government spending or reducing taxes to stimulate economic growth and increase aggregate demand. On the other hand, restrictive monetary policy involves reducing the money supply and increasing interest rates to control inflation.
When these two policies are combined, the expansionary effect of the fiscal policy is counteracted by the contractionary effect of the monetary policy. The decrease in aggregate demand caused by the restrictive monetary policy can offset the increase in aggregate demand caused by the stimulative fiscal policy, leading to a potential decrease in real GDP.
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Final answer:
Contradictory economic effects.
Explanation:
A stimulative fiscal policy aims to increase government spending or decrease taxes to stimulate economic growth, while a restrictive monetary policy involves tightening the money supply by raising interest rates to control inflation. When combined, these policies may have contradictory effects on the economy. The stimulative fiscal policy may boost aggregate demand and increase economic activity, while the restrictive monetary policy may dampen borrowing and investment, thereby reducing economic growth.
The overall impact on the economy will depend on the magnitude and timing of these policies. In some cases, they may offset each other, leading to mixed or uncertain outcomes. Therefore, the combination of stimulative fiscal policy and restrictive monetary policy can result in conflicting economic effects.
Assessment
How does a global economy impact you?
Uncle John's Pipe Company has been experiencing several years of financial difficulty and, thus, has considered maintaining its dividend payment at $2.50 indefinitely. What is the value of its common stock if the required rate of return is 8.5 percent?
Answer:
The value of its common stock is $29.41
Explanation:
As the Dividend payment is for indefinite period of time, This is the perpetuity payment. The value of share can be determined by calculating the present value of perpetuity payment.
The formula for the present value of perpetuity is as follow
Present value of perpetuity = Cash flow / Required Rate of return
In this case the present value of perpetuity is the value of stock cash flows is The dividend payment.
Value of Stock = Dividend / Required Rate of return
Value of Stock = $2.5 / 8.5%
Value of Stock = $29.41
Answer: Value of the common stock = $29.41
Explanation:
GIVEN the following ;
Dividend =$2.50
Rate of return (r) = 8.5% 0.085
The question above requires us to calculate the value of common stock which is equivalent to the present value of perpetuity which is the amount of a fixed income or cash flow an individual earns at regular interval for an INDEFINITE period.
RECALL;
PRESENT VALUE of PERPETUITY IS GIVEN BY:
PV of perpetuity = (Dividend or coupon per period ÷ interest rate(r))
PV of perpetuity = ($2.50 ÷ 0.085)
PV of perpetuity = $29.411
PV of perpetuity = $29.41
Andrea had worked in the marketing department for 27 years. She knows the history and successes of the office better than any other employee. When change is suggested, she is reluctant because she remembers accomplishments related to the current way of doing things. As a result of ____, she is resistant to change.
Answer: As a result of DIFFERENT PERCEPTION she is resistant to change.
Explanation:
The way individuals perceive and react to information around them is unique and different to each individual and this can depend on individual's nature(IE what they are born with ) and Nurture( or experiences achieved in Thier lives).
In a business environment, it is therefore important to understand how perception of individuals affect communication by taking into consideration the different ways messages may be perceived by employees, customer s and buisness associates so as to fine-tune decision to suit productivity.
For example Andrea who had worked in the marketing department for 27 years has experience on what makes the office a success better than any other employee. By using her PERCEPTION due to her years of experience, she is reluctant to change because she remembers that accomplishments in the office is related to the current way of doing things and not a new method.
Demand pull inflation can be started by A. an increase in the price of oil B. a decrease in the quantity of money. C. an increase in government expenditure. D. a decrease in the money price of resources. E. a decrease in net exports
Answer:
Option "C" is correct.
Explanation:
An increase in government expenditure causes more money inflow on demand over supply.
Demand pull inflation is triggered by an increase in aggregate demand, which can result from an increase in government expenditure, leading to higher prices when demand exceeds an economy's production capacity.
Explanation:Demand pull inflation can be started by an increase in government expenditure. This type of inflation is brought about when there is an increase in aggregate demand. Essentially, it happens when the economy's demand for goods and services exceeds its production capacity. This scenario is often associated with periods of low unemployment and increased spending by various sectors, including consumers, businesses, and the government.
When the government increases its spending, this injects more money into the economy, raising aggregate demand. If this increase in demand surpasses the economy's capacity to produce goods and services, companies might be unable to meet the higher demand immediately. This imbalance can lead to higher prices as consumers are willing to pay more to obtain the goods and services they want, hence creating inflation.
If Young Explorers realizes that Gabby reacts better to social media than traditional marketing methods because of the ability to post relevant messages instantaneously, this would represent which difference between traditional and social media platforms?
a. Access
b. Social authority
c. Time to delivery
d. Credibility
e. Permanence
Answer:
The correct answer is c. Time to delivery .
Explanation:
Obviously, the information will reach people more quickly and accurately, since contact is direct, which is not possible in traditional media such as a television commercial. One of the main advantages is that due to direct contact, it is possible to influence the purchase decision using persuasion techniques widely known in the field of marketing. Young Explorers should focus on these new media in order to attract potential buyers in the future.
Answer:
c. Time to delivery
Explanation:
One of the most relevant differences between traditional and social media platforms is delivery time.
This is a phenomenon that has caused many companies around the world to adopt the strategy of having a presence on social media, due to the presence of the potential audience on these platforms and the ability to post relevant messages instantly, which corresponds to greater interaction between company and consumer, faster engagement and marketing communications, lower cost, greater value creation and greater ease of attracting potential audiences.
: If the estimate of the useful life of equipment is modified, this change requires A : that no change be made to the amount of periodic depreciation recorded in subsequent years. B : that income for the current year be increased. C : a retroactive change in the amount of periodic depreciation recognized in previous years. D : that the amount of periodic depreciation be changed in the current and future years.
Answer:
D
Explanation:
that the amount of the periodic depreciation be changed in the current year and in future years
Answer:
D : that the amount of periodic depreciation be changed in the current and future years
Explanation:
The accounting standard under IFRS, IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors proviede guidance on accounting policies, accounting for changes in estimates and reflecting corrections of prior period errors.
According to the standard, a change in accounting estimates is applied progressively.
The change in the estimated useful life of an asset is a change in accounting estimate. As such, this is applied in the current and future years in the estimation of depreciation.
Which of the following General Fund accounts would be closed at year end? Multiple Choice Due from State Government. Deferred Inflows – Property Taxes. Estimated Uncollectible Taxes. Other Financing Uses – Transfers Out.
Answer: Other Financing Uses - Transfers Out.
Explanation: General fund account refers to a system whereby resources are recorded whose use are limited by the provider, government agency, or by law. These accounts do not emphasize profitability rather they emphasize accountability.
Answer:
Other Financing Uses – Transfers Out.
Explanation:
The Governmental Accounting Standards Board (GASB) is the entity that establishes the accounting principles used by state and local governments. They follow the same logic than US GAAP, but most accounts are generally called differently and some procedures also vary due to budget restrictions and uses of public money.
General fund account is basically the most important account in public accounting since it used to control cash inflows and outflows. It is also divided into subsidiary accounts, basically following the logic of revenues and expenses. Also following the logic of revenues and expenses, some of them must be closed at the end of the year.
Other financing uses account includes special transactions regarding non-operating revenues and expenses. Transfers out account includes transfers from the fund balance account.Globalization has led to _____. Group of answer choices a reduction in the number of offshoring options a new focus on corporate social responsibility a reduction in the number of nearshoring options older workers behaving more like free agents
Answer:
A new focus on corporate social responsibility.
Explanation:
Globalization can be described as an interconnection that exists between nations around the globe which is promoted through free trade.
Corporate social responsibility is a management concept in which the company feels the need to give back to the society.
Corporate social responsibility is important to the community as well as the company. It can help to develop long lasting relationship between both the employees and corporations, it also helps the employers to feel more connected with the people around them.
Answer:
a new focus on corporate social responsibility
Explanation:
Globalization describes an interdependence of nations around the globe fostered through free trade.
Globalization motives are idealistic, as well as opportunistic, but the development of a global free market has benefited large corporation based in the western world. Its impact remains mixed for workers, cultures, and small business around the globe, in both developed and emerging nations.
Globalization is a social, cultural, political, and legal phenomenon. Socially, it leads to greater interaction among various populations.
Define what is a constant dividend payout ratio policy
Answer:
means payment of a fixed percentage of net earnings as dividends every year.
Explanation: The amount of dividend in such a policy fluctuates in direct proportion to the earnings of the company. The policy of constant pay-out is preferred by the firms because it is related to their ability to pay dividends.
Ceteris paribus GDP most closely measures: a) The rate of change in capital stock. b) Output per worker. c) The total value of all final goods and services produced within a nation's borders in a given year. d) A summary of the world's output.
Answer:
answer C
Explanation:
Gross Domestic Product (GDP) is the monetary value of all finished goods and services made within a country during a specific period. GDP provides an economic snapshot of a country, used to estimate the size of an economy and growth rate. GDP can be calculated in three ways, using expenditures, production, or incomes.
Miley, a single taxpayer, plans on reporting $31,375 of taxable income this year (all of her income is from a part-time job). She is considering applying for a second part-time job that would give her an additional $10,900 of taxable income. By how much will the income from the second job increase her tax liability
Answer:$1,825
Explanation:
Based on the single tax rate schedule, of the additional $10,900 of taxable income, $9,000 is taxed at 15% (the increase $31,375 to $42,275) and the remaining $1,900 ($38,650 minus $37,650) is taxed at 25%. To summarize, ($9,000 × 15%) + ($1,900 × 25%)
= $1,350+$475
=$1,825
The income tax from second job increases her tax liability by $1,825.
How many days do you have to resolve your delinquency before your loan officially defaults
Answer:
270 days
Explanation:
A loan is delinquent if its not paid as at when due. When this happens, the lender has a window of 270 days within which to pay the loan.
When the loan is not paid between this 270 days, the loan goes into default. This means that the lender has refused to pay the loan and that could attract sanctions or drastic measure being taken out on the lender to recover the loan.
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The marginal cost of producing 40 units of a public good is $200. There are two individuals in the society. Person A is willing to pay $80 for 40 units of the public good. If 40 units of the public good are provided, how much must Person B be willing to pay?
Answer:
$120
Explanation:
Yes Person B must be willing to pay an amount that would cover the marginal cost of the product.
Remember, the marginal cost is the cost per unit of a product not the sales cost. Therefore, the total value paid should cover the marginal cost.
Answer:
Person B must be willing to pay $120
Explanation:
Marginal cost = $200
Person A is willing to pay = $80
Marginal cost is the cost which a company incurred for producing one extra unit of goods.
If person A has paid $80, then person B must pay an amount that will cover up for the marginal cost the company incurred.
That mean person B will pay $120 ,
Meaning; $80 +$120 = $200
Starbucks focuses on making coffee. By ________, they are faster, more consistent, and their production costs are lower than McDonald’s. Although they have an advantage in the coffee department, they fall well short of par in the food department.
Answer:
Specializing in making coffee
Explanation:
Starbucks is the company or business which is involved in making the coffees and having different variety or range of coffee served to the customers or client.
Specialist means that the business or the person who concentrates on the specific activity and having or posses high skill in the particular and restricted field.
So, Starbucks is the one who focus on the coffee making through specializing in the making of coffee, and they are faster as well as more consistent and their cost of production is also low than the McDonald.
Answer:
Specializing in making coffee
Explanation:
Starbucks focuses on making coffee. By Specializing in making coffee, they are faster, more consistent, and their production costs are lower than McDonald’s. Although they have an advantage in the coffee department, they fall well short of par in the food department.
Starbuck has a competitive advantage over other food chains as they are specialized in the task of making coffee and their workers is well trained in coffee department, however, McDonald has diversified their food chain and included many beverages and food item as their speciality apart from just selling burger, which helps them to grow. McDonald's restaurants can be viewed as a manufacturing operation. McDonald's wants each crew to be efficient and productive. The crews organize by dividing the labor into parts.
A certain organization trying to decide where to locate their future factory is considering three locations. they are taking into account three factors: labor costs, currency stability, and proximity to market. using the weights for each factor listed below and the scores achieved by each of the three considered locations, determine which location should be chosen for the new facility based on the weighted factory location model. scores (maximum 100) factor weight site a site b site c labor cost 0.30 90 80 80 currency stability 0.40 80 85 80 proximity to market 0.30 80 80 80 select one:
Answer:
Site A should be chosen for new facility based on weighted factory location model.
Explanation:
Factor Site A Site B Site C
Labor cost 27 24 24
Currency Stability 32 34 32
Proximity to market 24 24 24
83 82 80
Site A should be chosen for new facility based on weighted factory location model.
A total of $15, 000 is invested in two corporate bonds that pay 5% and 7% interest. The investor wants to earn $880 in interest per year from the bonds. How much should be invested in at 7% to earn this interest?
Answer:
$6500
Explanation:
Let the amount invested in 5% be X
Let the amount invested in 7% be 15000 - X
Therefore,
Given that interest from both is 880
We have
5x + 7(15000 - x) = 880 × 100
5x + 105000 - 7x = 88000
Collect like terms,
-2x = - 17000
x = 17000 ÷ 2
x = 8500
Therefore,
At 7%, amount invested
= 15000 - 8500
= $6500
One bag of flour is sold for $1.00 to a bakery, which uses the flour to bake bread that is sold for $3.00 to consumers. A second bag of flour is sold to a consumer in a grocery store for $2.00. Taking these three transactions into account, what is the effect on GDP?
Answer:
c. GDP increases by $5.00.
Explanation:
Data given in the question
Sale value of one bag of flour = $1
Sale value to bake the bread = $3
And, the second bag of flour sale value = $2
So by considering the above information, the effect on GDP is
Increase in GDP is
= Sale value of one bag of flour + (Sale value to bake the bread - Sale value of one bag of flour) + the second bag of flour sale value
= $1 + ($3-$1) + $2
= $5
A group of 4 children and 7 adults are going to the zoo. Child tickets cost $4, and adult tickets cost $8. How much will the zoo tickets cost in all?
Select one:
a. $77
b. $67
c. $59
d. $72
Answer
The answer is D
Because
7 times 8 =56
4 times 4= 16
add them together and you get 72
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A company using the periodic inventory system has the following account balances: Inventory at the beginning of the year, $4,437; Freight-In, $567; Purchases, $13,447; Purchases Returns and Allowances, $2,866; Purchases Discounts, $493. The cost of merchandise purchased is equal to ________.
Answer:
$10,581
Explanation:
Given that
Purchase = $13,447
Purchases Returns and Allowances = $2,866
Purchases Discounts = $493
Freight in = $567
The computation of cost of merchandise purchased is shown below:-
Net Purchase = Purchase - Purchases Returns and Allowances - Purchases Discounts
= $13,447 - $2,866 - $567
= $10,014
Cost of merchandise purchased = Net purchase + Freight in
= $10,014 + $567
= $10,581
Ginny was hired by her company because she agreed to work overtime and carry out all tasks assigned to her as per the instructions. She also signed a contract that would terminate her from the company if she was unable to comply with the organization's policies. Given this information, Ginny is most likely part of a(n) _____. a. employee involvement team b. traditional work group c. self-designing team d. semi-autonomous work group
Ginny's scenario of strict compliance with organizational policies and instructions, under direct management supervision, suggests she is part of a traditional work group.
Explanation:Given the information that Ginny was hired with a clear agreement to work overtime, follow instructions, and comply with the organization's policies under the threat of termination, she is most likely part of a traditional work group. Traditional work groups operate under the supervision of management, with employees expected to adhere to predetermined roles, instructions, and standards set by the company. This setup contrasts with more modern or flexible team arrangements that may allow for more autonomy, innovation, and employee involvement.