CodeHead Software Inc. does software development. One important activity in software development is writing software code. The manager of the WordPro Development Team determined that the average software programmer could write 25 lines of code in an hour. The plan for the first week in May called for 4,650 lines of code to be written on the WordPro product. The WordPro Team has five programmers. Each programmer is hired from an employment firm that requires temporary employees to be hired for a minimum of a 40 -hour week. Programmers are paid $32.00 per hour. The manager offered a bonus if the team could generate more lines for the week, withou overtime. Due to a project emergency, the programmers wrote more code in the first week of May than planned. The actual amount of code written in the first week of May was 5,650 lines, without overtime. As a result, the bonus caused the average programmer's hourfy rate to increase to $40.00 per hour during the first week in May. Enter a favorable variance as a negative number using a minus sign and an unfavorable variance as a positive number. If an amount is zero, enter "0" and choose "Not applicable" from the dropdown. Required: 1. If the team generated −4,650 lines of code according to the original plan, what would have been the labor time variance? 2. What was the actual labor time variance as a result of generating 5,650 lines of code? 3. What was the iabor rate variance as a result of the bonus? 3 4. Are there any performance-related issues that the labor time and rate variances fal to consider? The fabor rate and time variances: the number of errors in the code from programmer fatigue, A program that has will require significant time for debugging at a later date. Thus, managers: the effliency of doing the work and also the quality of the work. 5. The manager is trying to determine if a better decision would have been to hire a temporary programmer to meet the higher programming demand in the first week of Mav. rather than paying out the bonus. If another employee was hired from the employment firm, what would have been the labor time variance in the first week? 6. Which decisian is better, paying the bonus or hiring another programmer?
Answers
The labor time variance, if the team generated -4,650 lines of code according to the original plan, would have been $0.00 (not applicable).
The actual labor time variance, as a result of generating 5,650 lines of code, would be $400.00 favorable.
The labor rate variance, as a result of the bonus, would be $400.00 unfavorable.
The labor time and rate variances fail to consider performance-related issues such as the number of errors in the code from programmer fatigue and the potential need for significant debugging time in the future. These factors impact efficiency and quality of work.
If another employee was hired to meet the programming demand, the labor time variance in the first week would have been $0.00 (not applicable).
It depends on the specific circumstances. Paying the bonus may motivate the current team, but hiring another programmer could potentially increase productivity and prevent performance-related issues. A careful evaluation of cost, productivity, and quality factors is necessary to make the better decision.
The labor time variance for the original plan is not applicable since it assumes the team generated -4,650 lines of code, which is not possible. The actual labor time variance, considering the team generated 5,650 lines of code, is favorable at $400.00, indicating that they performed better than expected. However, the labor rate variance is unfavorable at $400.00 due to the increased hourly rate resulting from the bonus. It's important to note that the labor time and rate variances overlook potential performance-related issues like code errors caused by fatigue or the need for additional debugging time. The decision between paying the bonus or hiring another programmer depends on factors such as cost, productivity, and the desire to prevent performance-related issues.
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Related Questions
HELP PLEASE!!!
Which of these are financial goals? Select the two correct answers.
1. Saving for college
2. Going shopping during sale season
3. Buying a new computer
4. Getting a credit card
5. Making a monthly deposit on your savings account
Answers
Financial goals are targeted objectives individuals set to attain specific desired financial outcomes.
Saving for college is a prime example, involving allocating funds for forthcoming educational expenses. Similarly, making recurring deposits into a savings account constitutes a financial goal, fostering savings growth for future needs like emergencies or investments.
In contrast, the other options—such as shopping during sales, purchasing a new computer, and obtaining a credit card—may involve transactions but lack the inherent long-term financial purpose of savings, investment, or fiscal stability that characterizes genuine financial goals.
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1. Your friend asks to borrow $50 and offers to pay you back with interest. What factors
would you consider in your decision to accept or decline their request?
Answers
The factors that you have to think about would before giving out the loan would be the following:
The loan periodThe ability to pay back the loanThe interest that is on the loanHow the money is to be returned.What is a loan?This is the term that is used to refer to an amount of money that would be given to a person that is the borrower by the lender for a period pf time and for them to pay back with interest.
To be able to determine if you are to give out a loan, you have to take the ability of the person to pay you back the amount as a fator.
Also you have to check the character of the person that you are to loan the money to.
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Which of the following is an example of a worker who has work/life balance
conflicts?
O A. A woman refuses to answer emails from the office when she is
not working
B. A man has missed all his daughter's ball games because he works
too much.
C. A woman has her office emails forwarded to a coworker while on
vacation.
D. A man receives notifications when he gets a new email at the
office,
Answers
Answer:
A man has missed all his daughter's ball games because he works
too much.
Explanation:
seems like it
Answer:
A man has missed all his daughter’s ball games because he works too much
Explanation:
A p e x
Use the following information and the indirect method to calculate the net cash provided or used by operating activities:
Net income $ 87,000
Depreciation expense 13,700
Gain on sale of land 6,600
Increase in merchandise inventory 3,750
Increase in accounts payable 7,850
Multiple Choice
$31,800.
$16,350.
$38,400.
$98,200.
$17,350.
Answers
To calculate the net cash provided or used by operating activities using the indirect method, we start with net income and make adjustments for non-cash expenses and changes in working capital.
Net income: $87,000. Depreciation expense: $13,700. Gain on sale of land: $6,600. Changes in working capital: Increase in merchandise inventory: $3,750 (This is a use of cash). Increase in accounts payable: $7,850 (This is a source of cash). Now, let's calculate the net cash provided or used by operating activities: Net income + Depreciation expense + Gain on sale of land. $87,000 + $13,700 + $6,600 = $107,300
Adjustments for changes in working capital: Increase in merchandise inventory: -$3,750. Increase in accounts payable: +$7,850. Net cash provided or used by operating activities: $107,300 - $3,750 + $7,850 = $111,400. None of the provided options match the calculated amount. Therefore, the correct answer is not among the given choices. The net cash provided or used by operating activities is $111,400.
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which is a cause of system unavailability? A) natural disaster B) incomplete testing C) poor password practices D) poor physical security
Answers
Answer:
D) poor physical security
Explanation:
Answer:
A natural disaster
Explanation:
I know it seems weird but I put that and my test on Plato scored it as right
Explain the concept of maximizing shareholder value. what is meant by that phrase and how is it measured?
Answers
The concept of maximizing shareholder value refers to the primary goal of a corporation to generate the highest possible return for its shareholders. It is based on the principle that a company's management should make decisions and take actions that increase the wealth and financial well-being of its shareholders. Shareholder value can be measured by assessing the company's financial performance and its ability to generate profits and deliver returns to shareholders.
To maximize shareholder value, a company typically focuses on strategies and actions that aim to increase revenue, reduce costs, improve efficiency, and enhance profitability. This can be achieved through various means, such as increasing sales, expanding into new markets, optimizing operations, investing in research and development, and making strategic acquisitions or divestments.
The measurement of shareholder value is often reflected in financial metrics such as earnings per share (EPS), return on equity (ROE), return on investment (ROI), and stock price performance. These indicators provide insights into the company's profitability, efficiency, and overall value creation for shareholders.
However, it is important to note that maximizing shareholder value is not the sole responsibility of a company. It should be pursued in a balanced manner, taking into consideration the interests of other stakeholders, such as employees, customers, suppliers, and the broader society. Sustainable long-term value creation often involves a holistic approach that considers the social, environmental, and ethical impacts of business decisions, in addition to financial outcomes.
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The Queen of the Snows started a business, Winter Carnival Co., a company that specializes in merchandise for ice-fishing, snow-sliding, treasure-hunting and other winter activities. In 2015, the company had the following beginning balances (in dollar).
Accounts receivable $30,000
Allowance for doubtful accounts$1,500
Cash $10,000
Inventory $200,000
Prepaid advertisement $48,000
Salary payable $6,500
Accounts payable $50,000
Accumulated depreciation – machine $90,000
Common stock $100,000
Machine $120,000
Retained earnings $160,000
During 2015, the following transactions occurred.
1. Winter Carnival acquired additional merchandise, totaled $70,000, of which $20,000 was on account.
2. Winter Carnival delivered merchandise and earned sales revenue, totaled $350,000, of which $200,000 was on credit. Cost, to Winter Carnival Co., of the merchandise sold, totaled $170,000.
3. Winter Carnival collected a total of $180,000 on its accounts receivable from its various customers.
4. Winter Carnival borrowed $100,000 on May 1, 2015 from a local bank, on a 6% note for 5 years. Winter Carnival would pay interest semi-annually on each May 1 and November 1.
5. In addition, Winter Carnival signed a sales contract with a customer, Mini-Soda Company to deliver a total of $90,000 merchandise January 2016. Winter Carnival collected $9,000 cash in advance from this customer on November 17, 2015.
6. Winter Carnival paid $60,000 on its accounts payable to its suppliers.
7. Winter Carnival incurred insurance expenses of $5,000, all paid in cash in 2015.
8. Winter Carnival paid its employees $80,000 cash for their salary. At the end of year 2015, the company still owed $5,500 salary payable to its employees. The following information was also available during 2015 for Winter Carnival Co.
9. Its ending balance of ‘allowance for doubtful accounts’ was estimated to be 5% of its outstanding A/R at the end of 2015.
10. Its ‘prepaid advertisement’ had 16 months remaining at the beginning of the year 2015.
11. The existing machine had an estimated life of 20 years with no residual value and had been depreciated using the straight-line method.
12. The income tax rate was 30% for Winter Carnival and the company would pay its income tax in the first quarter of 2016.
Required:
1. Based on above transactions, prepare journal entries and adjusting entries in 2015 for Winter Carnival.
2. Set up T-accounts and post your journal entries and adjusting entries to T-accounts. (A kind reminder: Don’t forget the beginning balances.)
3. Prepare a pre-closing trial balance, as of December 31, 2015.
4. Prepare an income statement, in a good format, for the year ended December 31, 2015 for Winter Carnival.
Answers
Journal entries and adjusting entries are accounting entries used to record business transactions and make necessary adjustments at the end of an accounting period.
T-accounts are visual representations of accounts used to track and summarize transactions and balances.
A pre-closing trial balance is a list of all accounts and their balances before closing entries are made.
An income statement shows a company's revenues, expenses, and net income or loss for a specific period.
These components are essential in the accounting process to ensure accurate record-keeping, financial reporting, and analysis of a company's performance. They help organize and summarize financial information, provide insights into a company's financial position, and aid in decision-making processes.
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True or false: Manufacturer's reps help small firms, or firms expanding into new markets, achieve extensive sales coverage without having to pay for full-time personnel. True false question. True False
Answers
According to business strategy, it is true that manufacturer's reps help small firms or firms expanding into new markets achieve extensive sales coverage without having to pay for full-time personnel.
This is because a manufacturer's rep is responsible for making sales on products made by the manufacturer.
However, while manufacturer's reps help small firms to expand through sales, they only get paid based on commission.
By getting paid based on commission, Manufacturers' reps won't pay full-time.
Hence, in this case, it is concluded that the correct answer is "True."
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downing company issues $5,000,000, 6%, 5-year bonds dated january 1, 2010 on january 1, 2010. the bonds pay interest semiannually on june 30 and december 31. the bonds are issued to yield 5%. what are the proceeds from the bond issue?
Answers
The correct response is c. $5,218,809. The proceeds from the bond issue are $5,218,809.
Bonds can be thought of as promissory notes issued by the issuer to the lender, in this case the investor. No one would lend money for free, thus the bond issuer pays the extra money for using the money in the form of interest. The interest on the bonds is paid on a predetermined timetable and at a defined rate. Bonds (government or corporate) and mortgages are two examples of debt instruments. Trading in equity products takes place on the equity market, also known as the stock market. Interest rate risk, credit/default risk, and prepayment risk are a few of the hazards connected to bonds. The investment grade of the majority of bonds is indicated by ratings.
($5,000,000 × .78120) + ($120,000 × 8.75206) = $5,218,809.
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Downing Company issues $5,000,000, 6%, 5-year bonds dated January 1, 2010 on January 1, 2010. The bonds pay interest semiannually on June 30 and December 31. The bonds are issued to yield 5%. What are the proceeds from the bond issue?
2.5% 3.0% 5.0% 6.0%
Present value of a single sum for 5 periods
.88385 .86261 .78353 .74726
Present value of a single sum for 10 periods
.78120 .74409 .61391 .55839
Present value of an annuity for 5 periods
4.64583 4.57971 4.32948 4.21236
Present value of an annuity for 10 periods
8.75206 8.53020 7.72173 7.36009
a. $5,000,000
b. $5,216,494
c. $5,218,809
d. $5,217,308
Sew much fabrics buys fine linens, silks, and other fabrics from sellers in more than 30 countries to retail to local customers. Sew much fabrics is an example of a company that?.
Answers
Sew much fabrics is an example of a company that imports.
What does import mean?
Import is when a good or service is brought into a country from a foreign country. An example of import is when a person living in the US buys silk from Italy.
Reasons for import
There may be more varieties in foreign countries. The imported good could be of a better quality.To learn more about imports, please check: https://brainly.com/question/26497713
Question 1 how can you recover from an unexpected data loss event? check all that apply.
Answers
Data restoration for faulty devices and data backup restoration.
Data recovery from broken devices; If a hard disc or other device malfunctions or is destroyed, you can try to recover data by utilizing specialized software. You can also recover the data from a backup if it is corrupted or lost. To confirm that backups are functional and that data can be restored from them to confirm that the backups contain pertinent data; It's crucial to evaluate backup and restore processes to make sure they function as intended. Backup archives might be inconsistent or corrupt, hindering a successful restoration. Testing restore methods is equally crucial to make sure that vital data can be retrieved from backups in the event of a disaster. Without running the risk of actual data loss, disaster testing can also identify any holes in your backup coverage.
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what is 5x6x4x i need help i really dont
Answers
120 if you were thinking 5x6x4..
Answer:
120 I think
Explanation:
which of the following are ways that savings institutions use funds? check all that apply. they invest funds in mortgage-backed securities. they offer consumer loans. they offer residential mortgage loans. they invest funds in treasury bonds.
Answers
The ways that savings institutions use funds include investing funds in mortgage-backed securities, offering consumer loans, and offering residential mortgage loans. The correct answer is option a, b and c.
These are all common practices employed by savings institutions to utilize the funds they receive from depositors.
Investing funds in mortgage-backed securities involves purchasing pools of mortgages from other financial institutions, which allows savings institutions to earn interest on these investments. This helps diversify their investment portfolios and generate income.
Offering consumer loans involves providing individuals with loans for personal expenses such as car purchases, education, or home improvements. By charging interest on these loans, savings institutions can earn interest income and generate revenue.
Similarly, savings institutions offer residential mortgage loans, which enable individuals to purchase homes. These loans are secured by the property itself and are repaid over an extended period, providing a long-term source of interest income for the institution.
The correct answer is option a, b and c.
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Complete Question
which of the following are ways that savings institutions use funds? check all that apply.
a. they invest funds in mortgage-backed securities.
b. they offer consumer loans.
c. they offer residential mortgage loans.
d. they invest funds in treasury bonds.
Which of the following businesses is using an incentive?
A. Company B, where there is conflict between the workers and the
management
B. Company C, where the government is intervening to prevent fraud
C. Company A, where the employees have voted for a four-day
workweek instead of a pay increase
D. Company D, where there is a greater demand for a product than
can be met
Answers
Answer:
d
Explanation:
Question 1 of 10
Why can consumers have influence over politicians?
O A. Government agencies are required to address consumer
complaints.
B. Consumers are able to boycott politicians' re-election campaigns.
C. Corporations use profits from consumers to lobby the
government.
D. Politicians rely on the votes of consumers to keep them in office.
SUBMIT
Answers
Answer:
it's most likely B or D. but you need to double check
Answer:
D. Politicians rely on the votes of consumers to keep them in office.
Explanation: i took the test.
where is my brother kadin
Answers
where did u see him last
What must be rejected in a delivery?
Answers
When receiving a delivery, it is important to check the quality and accuracy of the items. Any items that have been damaged, spoiled or are not the items that were ordered must be rejected.
It is important to document all items that have been rejected and inform the delivery person of the reasons why they were rejected. This will help ensure that the company can take corrective action to prevent similar problems in the future. It is also important to inform the company of any items that were missing from the delivery. Refusal is an important part of the process as it ensures that customers receive what they ordered and that any issues are resolved promptly.
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Total gross sales for the period include the following:
Credit card sales (discount 2%) $ 10,300
Sales on account (2/15, n/60) $ 10,600
Sales returns related to sales on account were $200. All returns were made before payment. One-half of the remaining sales on account were paid within the discount period. The company treats all discounts and returns as contra-revenues.
What amount will be reported on the income statement as net sales? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Net Sales
Answers
Net sales is a measure of revenue that represents the amount of product sold during a certain time period after all discounts and returns have been accounted for.
To calculate net sales, you need to subtract the discounts and returns from the total gross sales for the period, as well as any sales that were not paid within the discount period.
Using the given information, we can calculate the net sales as follows: Credit card sales (discount 2%) = $10,300Sales on account (2/15, n/60) = $10,600Sales returns related to sales on account = $200Total gross sales = $10,300 + $10,600 = $20,900Half of remaining sales paid within discount period = (1/2) x ($10,600 - $200) x (1 - 0.02) = $5,256
Discount on payments within discount period = $10,600 x 0.02 = $212Total sales paid within discount period = $5,256 + $212 = $5,468Sales not paid within discount period = ($10,600 - $200) - $5,256 = $5,144Net sales = Total gross sales - Sales returns - Discount on payments within discount period - Sales not paid within discount period= $20,900 - $200 - $212 - $5,144= $15,344Therefore, the amount that will be reported on the income statement as net sales is $15,344.
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Max is using a search engine to do research on trends in his industry when he comes across a website that isn’t necessarily related to his research–but is interesting and engaging. Without realizing it, Max spends over an hour browsing through the webpage’s numerous articles and links. When his boss asks him if his research report will be ready by the end of the day, Max isn’t sure how to respond. He’s hardly done any work–but it’s not like he was purposely avoiding work. He was using the search engine for the purpose of research, after all. It’s not his fault that the search results weren’t very relevant. Max is considering asking his boss for an extension on his deadline so that he can spend more time researching. What do you think? What should Max do?
Answers
In this situation, Max has to first give his boss some advance notice that he wont be able to complete the report before deadline, explain himself briefly as to why that is, then ask for more time to be able to complete the task.
What is a deadline?A deadline indicates that a task or project is anticipated to be finished by that date and time. There is a clear expectation of what must be provided and by when thanks to deadlines. Employees are able to take charge of their work in this way and include deadlines into their time management techniques.
It's critical to schedule deadlines in advance because your work may be delayed. Recognize that some resources might be delayed and that some people might not be available. You may prevent the disaster of missing a deadline by making plans in advance.
Deadlines are crucial in business for a variety of reasons. They establish standards and encourage productive behavior in the workplace.
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Identify whether the income below would be considered earned income, passive income, or portfolio income. Mychal’s parents bought a house, fixed it up, and sold it at a higher price.
Answers
Answer: Portfolio income is money received from investments, dividends, interest, and capital gains. It is one of three categories of income.
Explanation:
The term ____________________ describes the increasing connectedness of societies and their economies as a result of developments in transportation and communication.
Answers
The term globalization describes the increasing connectedness of societies and their economies as a result of developments in transportation and communication.
What is Globalization?This refers to the connectedness between different societies which brings them closer in terms of development and communication.
Hence, we can see that as a result of globalization, we can see that the world is now a global village and communication is fast and instant even across great distances.
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Which of the following must be
certified by the FAA to be hired at
airports?
A. Air-traffic controllers
B. CB radio operators
C. Police Dispatchers
Answers
That will be Air - traffic controllers
mark brainliest pls
Suppose you pay $9400 for a $10000 treasury bill maturing in 6 months. What is the effective annual rate of return on this investment
Answers
The effective annual rate of return on a $10,000 treasury bill that you purchased for $9,400 and matures in 6 months is 13.106%.
To find the effective annual rate of return, follow these steps:1: Calculate the simple interest earned.
Interest earned = Maturity value - Purchase price
Interest earned = $10,000 - $9,400
Interest earned = $600
2: Calculate the holding period yield (HPY).
HPY = Interest earned / Purchase price
HPY = $600 / $9,400
HPY = 0.06383 (rounded to 5 decimal places)
3: Convert the holding period yield to an effective annual rate (EAR) using the following formula:
EAR = (1 + HPY)^(365 / Days to Maturity) - 1
Since the treasury bill matures in 6 months (or 182.5 days), the formula will be:
EAR = (1 + 0.06383)^(365 / 182.5) - 1
4: Calculate the EAR.
EAR = (1.06383)^(2) - 1
EAR ≈ 0.13106 (rounded to 5 decimal places)
So, the effective annual rate of return on this investment is approximately 13.106%.
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can someone tell me what car u like bc i need inspo, like a V6 or something
Answers
Answer:
My personal favs are the Ford GT 2017, the Lamborghini Veneno, the Aston Martin Vulcan, and the Koenigsegg Jesko.
What is one purpose of the Federal Trade Commission?
A. To reduce government involvement in business
B. To develop international trade policies
C. To reduce competition between companies
D. To prevent unfair practices against consumers
Answers
Answer:
its d to prevent unfair practices against consumers
Explanation:
john decides to cheat on a contract promise to get paid faster so that he can give that money to desperate disaster victims. from an ethical perspective, john decides that
Answers
John decides to cheat on a contract promise to get paid faster so that he can give that money to desperate disaster victims. From an ethical perspective, the end of John's action justifies the means. The decision taken by John would have a positive impact on the victims' lives.
An ethical perspective is a lens an individual uses to view a problem. Each person has such a perspective, whether or not they realize it. With the ethical perspective, one identifies and differentiates the proper concepts of good and bad, helps to define problems by systematically thinking, and allows one to see the realities from different points of view, to be able to take decisions. The ethical perspective is acquired throughout life and is related to habit, with the definition of what is good (virtue) or bad (vice).
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A buying decision made quickly and with little thought is called a(n)
Answers
Answer:
B2C purchase made quickly and with little thought. routine buying decision. Process of communicating with potential customers in an effort to influence their buying behavior.
Explanation:
:)
y
What are the two costs used to compare credit offers?
I
Question 2 (5 points)
What is the difference between simple and compound interest?
Answers
Answer:
#2Simple interest is interest paid only on the original investment whereas compound interest paid both on the original investment and on all interest that has been added to the original investment. Since compound interest is calculated based on a larger amount than simple interest, it results in a larger amount of money over time.
is 6 ft greater than 72 inches
Answers
Suppose you are talking to both a recent college graduate who does not have much money in his budget for retirement savings and a 40-year-old employee who never opened a retirement account for herself until now.How would the retirement advice you give to each of them differ?
Answers
Explanation:
Retirement advice to college graduate:
1. Create a Long-Term Plan.
2. Diversify Your Investments.
3.Automate Your Savings.
4.Enjoy Your Money Later.
To 40-year-old employee who never opened a retirement account for herself until now.
1. Get rid of debt and reach your savings maximums
2. Save independently with IRAs
3. Maintain the right investment mix and reduce risk
4. Keep all your assets in view
5.Make tough decisions about education expenses