The materials-price-variance is $4,200 (F) or $4,200 unfavorable.
Actual cost of direct materials purchased = $126,000
Standard cost of direct materials allowed = Standard price per unit * Standard quantity of direct materials allowed
First, let's calculate the standard price per unit:
Standard price per unit = Actual cost of direct materials purchased / Direct material purchased and used
Standard price per unit = $126,000 / 45,000 kg
Standard price per unit = $2.80 per kg
Next, let's calculate the standard cost of direct materials allowed:
Standard cost of direct materials allowed = Standard price per unit * Standard quantity of direct materials allowed
Standard cost of direct materials allowed = $2.80 per kg * 43,500 kg
Standard cost of direct materials allowed = $121,800
Finally, let's calculate the materials price variance:
Materials price variance = Actual cost of direct materials purchased - Standard cost of direct materials allowed
Materials price variance = $126,000 - $121,800
Materials price variance = $4,200 (F)
Therefore, the materials price variance is $4,200 (F) or $4,200 unfavorable.
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Management students may not immediately become managers, but studying management can help you.
Management students may not immediately become managers, but studying management can help you understand how organizational decisions are made
This is further explained below.
What are organizational decisions?Generally, The process by which a single organizational unit or several organizational units come to a decision on behalf of the organization is referred to as organizational decision making.
The unit responsible for making decisions might be as limited as a single person, such as a manager, or as extensive as the full membership of the organization.
In conclusion, Students who major in abnormal psychology often fall victim to this mental state, in which they mistakenly assume that they are afflicted with the illness that they are researching.
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Sticking to a list will help you save money.
True
False
Your estimate of the market riak premium is 0% The risk free rate of retum in 3.1% and General Motors han a beta of 1.9. According to the Capital Asset Pricing Model (CAPM), what in its expected return? O A 212 OB 18.2% OC 20.2% OD. 19.2%
The expected return of General Motors, given the risk premium and the risk free rate of return is D. 16. 4 %.
How to find the expected return ?To calculate the expected return of General Motors (GM) using the Capital Asset Pricing Model ( CAPM ), the following formula is used :
Expected Return = Risk-Free Rate + Beta x Market Risk Premium
Given the information provided:
Risk-Free Rate = 3. 1 %
Market Risk Premium = 7 %
Beta (GM) = 1. 9
Expected Return is therefore :
Expected Return = 3. 1 % + 1.9 x 7 %
Expected Return = 3 .1 % + 13. 3 %
Expected Return = 16 .4%
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external cost of expanding or building airport
Answer:
External costs may involve or interact and be impacted by the environment, society, or economic travesty, especially ones that were uncalled-for.
External costs depend on many things, including area, time, and space, but will mostly be a few hundred thousand U.S.D.
Most of us have to work for a living, and a job is a central part of our lives. So why do managers have to worry so much about employee motivation issues? Can an individual be too motivated? Discuss
Explanation:
Employee motivation is not directly related to the conditions of their work and personal life. There are many studies and researches that seek to understand how the employee is motivated, one of the most accepted and used is the Maslow pyramid, which categorizes each human need in the form of a pyramid of needs, according to him, there are five needs that individuals need to fulfill to be motivated and satisfied in their personal and professional life, they are the physiological needs being the base of the pyramid and the most essential, followed by needs for security, affection, esteem and self-fulfillment.
Therefore, this theory of Maslow's needs is a parameter to understand how the human being remains motivated, and to help organizations to align their processes to fulfill each employee's need for fulfillment, seeking an organizational environment focused on safety, ethics, innovation, benefits monetary, etc.
If a product is no longer showing strong market share and sales are diminishing, which of the following would be the best approach to trying to extend its lifetime on the market
A. Offer extended warranties
B. Re-launch
C. Positioning
D. Discontinue
Answer:B. re-launch
Explanation: just took the quiz
Answer:
Re launch
Explanation:
A p e x
5. Start with the assumptions in problem 4. But now assume that the additional volume does not enable enough economies-of-scale to reduce the average cost per case as much as originally anticipated. Assume now that the average cost per case drops only to $95. What is the new required price?
The total cost would be the average cost multiplied by the quantity, or $95 * 4000 = $380,000. The new required price can be calculated by using the formula for average cost, which is total cost divided by quantity.
In this case, the average cost is $95, so we can rearrange the formula to find the required price. The formula would be:
Required price = Total cost / QuantityWe can plug in the values for total cost and quantity to find the required price. The total cost would be the average cost multiplied by the quantity, or $95 * 4000 = $380,000. The quantity is 4000 cases. So the formula would be:
Required price = $380,000 / 4000The required price would be $95 per case. This means that the company would need to charge $95 per case in order to break even with the new average cost of $95.
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Separates financial information into time periods for reporting purposes. Requires recognition of expenses in the same period as related revenues. Indicates that fair value changes subsequent to purchase are not recorded in the accounts.
The given statements describe the meaning of the Accrual basis of accounting, which recognizes revenues when earned and expenses when incurred. This basis separates financial information into time periods for reporting purposes and indicates that fair value changes after purchase are not recorded in the accounts.
The given statements explain the accrual basis of accounting, which recognizes revenue when earned, and expenses when incurred. This accounting method of recording revenues and expenses allows for better matching of income and expenses for financial reporting purposes. In other words, it separates financial information into time periods for reporting purposes.
The Accrual basis of accounting states that the revenues earned should be matched against the expenses incurred during the same accounting period. It is because it ensures that the income generated by the company is matched with the expenses incurred in generating it, giving the correct picture of the company's profitability.
Further, it indicates that fair value changes subsequent to purchase are not recorded in the accounts. That is, the changes in market value are not taken into account while valuing the assets and liabilities of the company. This is done to provide a more realistic and fair view of the company's financial position to the stakeholders.
Thus, it can be concluded that the Accrual basis of accounting helps to record revenues and expenses in a way that reflects the company's financial situation more accurately. It also ensures that the income generated is matched against the expenses incurred, providing a better picture of the company's profitability to its stakeholders.
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The following graph shows the daily market for jeans. Suppose the government institutes a tax of $11.60 per pair. This places a wedge between the price buyers pay and the price sellers receive.
The graph demonstrates that the quantity is fifty, and the price is one hundred dollars before tax. Giving share of the tax burden as= $5.60
How does the graph demonstrate the cost of the item?In the context of the whole inquiry, it is possible to deduce from the graph that the quantity is fifty and that the price, excluding tax, is one hundred dollars.
In addition, the quantity is 45, and the price after tax is $105.60, each in its own right. As a result of the rise in the tax rate, there was a subsequent decrease in the amount that was requested.
And finally, the following will constitute the purchasers' share of the tax burden:
= $105.60 - $100
= $5.60
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Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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malik is cashing his $140$140 paycheck and would like only $5$5 and $10$10 bills. the bank teller gives him 1818 bills. what is an appropriate process for finding how many $5$5 bills he received?
An appropriate process for finding how many $5 bills Malik received is that he did not receive any $5 bills.
To find out how many $5 bills Malik received, we can use the following process:
Let's assume the number of $5 bills Malik received is "x."
Since Malik received a total of 18 bills (given that he received a total of 18 bills), we can subtract the number of $5 bills from the total number of bills to find the number of $10 bills.
Number of $10 bills = Total number of bills - Number of $5 bills = 18 - x.
We know that the sum of $5 bills and $10 bills is equal to 18: x + (18 - x) = 18.
Solve the equation:
x + 18 - x = 18,
2x = 18 - 18,
2x = 0,
x = 0.
The result shows that Malik did not receive any $5 bills.
Therefore, an appropriate process for finding how many $5 bills Malik received is that he did not receive any $5 bills.
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an example of a personal skill is
Answer:
Well, Personal skills refer to the inner abilities. Examples of personal skills include the ability to communicate with others, Leadership skills, or Management skills.
lm.04 what has been the biggest enabler of innovation in logistics management during the past three decades?
Deregulation (C) has been the biggest enabler for innovation in logistics management during the past three decades.
Deregulation is the reduction or elimination of government power in an industry. Deregulation is made by government to increase an industry competitiveness. Deregulation is needed because over-tight regulation might shifted the market condition because of the limitation on investment opportunity.
When government decide to do deregulation policy, this move really help logistics industry to grow. Deregulation allows many investment opportunities, which is actually needed to create new innovation within the industry. Many new competitors may join the industry and offer many new inovations to public. The higher the competition within an industry, the more innovative the companies within.
Through deregulation, government gives opportunity for companies to invest more in their products research and development. This policy allows companies to bring more innovation through their products. Deregulation that leads to industry growth also attracts more labors then help to decrease unemployment rate.
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Complete Question:
What has been the biggest enabler for innovation in logistics management during the past three decades?
a. New modes of transportation
b. FedEx Superbowl ads
c. Deregulation
d. More efficient trucks
A company manufactures and sells x television sets per month. The monthly cost and price-demand equations are
X C(x)=75,000+70x and p(x)=300- x/20 , 0 ≤ x ≤ 6000. (A) Find the maximum revenue.
(B) Find the maximum profit, the production level that will realize the maximum profit, and the price the company should charge for each television set.
(C) If the government decides to tax the company $6 for each set it produces, how many sets should the company manufacture each month to maximize its profit? What is the maximum profit? What should the company charge for each set?
(A) The maximum revenue is $
(Type an integer or a decimal.)
By determining the optimal production level, pricing strategy, and considering the impact of government taxes, the company can maximize its revenue and profit.
How can the company maximize its revenue and profit in manufacturing and selling television sets?The cost equation C(x) represents the total monthly cost of manufacturing x television sets, while the price-demand equation p(x) represents the price at which the company can sell each television set based on the quantity produced.
(A) To find the maximum revenue, we need to maximize the product of the quantity sold (x) and the price per unit (p(x)). This can be achieved by finding the value of x that maximizes the revenue function R(x) = x ˣp(x) within the given range of 0 ≤ x ≤ 6000.
(B) To find the maximum profit, we need to subtract the total cost function C(x) from the revenue function R(x) and find the value of x that maximizes the profit function P(x) = R(x) - C(x). This will also give us the production level that will realize the maximum profit and the corresponding price per television set.
(C) If the government imposes a tax of $6 per set, we need to adjust the cost equation C(x) by adding the tax component. We can then repeat the process in (B) to find the new production level, maximum profit, and the price the company should charge per set.
By analyzing the cost, price-demand, revenue, and profit equations, we can determine the optimal production level, pricing, and tax implications to maximize the company's revenue and profit.
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Do you believe the jobs that interest you today will be available in (10) years? Why or why not?
Answer:
YES!
Explanation:
I've wanted to be a pilot for the longest time and sooner or later we are going to have spaceships like the ones in the movies. That's been my dream since I was 8 and now that I think about it, we could be closer to that than we think. We have many technological advances that could bring us closer to my goal.
Which of the following requires the most education?
A. Veterinary assistant
B. Veterinary technician
C. Animal groomer
D. Veterinarian
Answer:
d
Explanation:
Answer:
D
Explanation:
They are like a doctor to animals
Dorian owns a farm and sells potatoes to local restaurants and grocery stores. which phrase describes this information about dorian's business?
Dorian owns a farm and sells potatoes to local restaurants and grocery stores. The phrase describes this information about Dorian's business is supplier in the factor market.
Economists refer to all of the resources that firms utilize to buy, rent, or hire the equipment they use to generate goods or services as the "factor market."
The factors of production include raw materials, land, labor, and capital as they are what are required to meet these needs.
The input market is another name for the factor market.
By this definition, all markets fall into one of two categories: those that provide businesses with the resources they require, or those that provide consumers with the goods and services they need to make purchases.
Hence, the phrase describes this information about Dorian's business is a supplier in the factor market. As Dorian's business is to farm and sell potatoes to other businesses which use these as raw materials.
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A 60-day note receivable dated June 17 has a maturity date of
Answer:
the maturity date is August 12
Explanation:
The computation of the maturity date of 60 day note receivable dated on June 17 is as follows
Here we have to determine the 60 days from June 17
So in June, the remaining days left would be = (30 - 17) = 13
31 days in July
And, the rest of the days i.e. 12 days in August
So, the maturity date is August 12
Hence, the same would be considered
and, the same is relevant
Assuming sales remain unchanged, if COGs increases then Gross Profit
Assuming sales remain unchanged, if COGs (Cost of Goods Sold) increases, then the Gross Profit will decrease. Gross profit is the difference between the revenue earned from sales and the cost of goods sold.
When COGs increase, it means that the cost of producing each unit of the product has increased. This will lower the Gross Profit margin since the revenue earned from sales will now have to cover the increased cost of production. Therefore, the Gross Profit margin will decrease by the same percentage as the increase in COGs.
A decrease in Gross Profit margin can have serious implications for a business. It will lower the net profit margin, which is the overall profitability of the business. The business may also have to increase the selling price of its products to maintain its profit margin, which can result in a decrease in sales volume.
Additionally, an increase in COGs may result in reduced profit margins and cash flow, which can lead to financial difficulties and a decrease in the company's overall financial health.
In conclusion, assuming sales remain unchanged, if COGs increase, then the Gross Profit margin will decrease, which can have significant implications for the overall financial health of a business.
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Which of the following affects employers’ decisions on how much to pay their workers? Maximizing costs
Maximizing profits
Minimizing profits
Minimizing benefits
What affects employers’ decisions on how much to pay their workers is : Maximizing profits.
What is profit maximization?Profit maximization can be defined as the way in which a company or an organization tend to determine the price level that enables them to maximize profit.
Every company or organization goals is to make profit based on this company that is determine to make profit must tend to make use of profit maximization approach.
Profit maximization is important as it can tend to lead to sustainable growth for companies which is why most companies make use of profit maximization strategy so as to make higher profit.
Therefore what affects employers’ decisions on how much to pay their workers is : Maximizing profits.
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When a firm makes choices between a cost or value position to achieve competitive advantage, it is primarily involved in:
When a firm makes choices between a cost or value position to achieve competitive advantage, it is primarily involved in: strategic trade-offs.
What are strategic trade-offs?
This is a term that is used in the business word to refer to the sacrifices that a firm would make in order to be able to deliver on its goals.
Trade offs could be the service levels that the firm is not able to achieve.
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The person who buys the rights to use a business's name and sell its products, or services in a given territory in exchange for a free and royalties is a franchisee
The term you're looking for is franchisee. A franchisee is an individual or entity who purchases the right to use a business's name and sell its products or services in a given territory in exchange for a fee and ongoing royalties.
This arrangement is known as a franchise, and it allows the franchisee to operate their own business using an established brand and business model. The franchisor, or the company that owns the business and brand, provides training and support to the franchisee to help them succeed in their business.
A franchisee is an individual or entity that purchases the rights to use a business's name and sell its products or services within a specified territory. In exchange for these rights, the franchisee pays an initial fee and ongoing royalties to the franchisor, contributing to the overall success and growth of the brand.
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According to keynesian economics theory, what should the government do during times of excessive economic growth and inflation?.
When there is strong demand-side growth, the government would raise taxes to restrain the economy and avoid inflation.
Explain about the inflation?The rate at which prices increase over a specific time period is known as inflation. Inflation is often measured in broad terms, such as the total rise in prices or the rise in a country's cost of living
Demand-pull, cost-push, and inflation expectations are the three basic sources of inflation that can be categorised broadly.
According to Stanford economist John Taylor, inflation increases when the Federal Reserve sets an interest rate that is too low or when the growth of the money supply is too rapid, as it is at the moment.
Investors can profit from inflation despite slow economic growth rates provided they have the right stocks and commodities in their portfolios.
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Two characteristics of an autocratic and democratic leadership style
Answer:
• You have a highly structured working environment.
• You dictate all the working methods and processes.
Explanation:
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Which of the following is an example of receiving information
Answer:
Receive is defined as to take, accept, experience or welcome. An example of receive is getting a letter in the mail. An example of receive is someone being given a gift. An example of receive is someone hearing bad news.
Explanation:
in botswana, the national currency is adjusted periodically in small amounts, following a simple trend. botswana exchange rate regime is classified as ____ . moreover, the exchange rate regime that best classifies botswana is typical for countries.
In Botswana, the exchange rate regime is classified as a crawling peg. This regime is typical for countries that make periodic adjustments to their national currency in small amounts following a simple trend.
In Botswana, where the national currency is adjusted periodically in small amounts following a simple trend, the exchange rate regime is classified as a crawling peg. This type of exchange rate regime allows for slight adjustments to the exchange rate in response to changing economic conditions. The crawling peg system is often used by countries to maintain stability in their exchange rates while still allowing for gradual adjustments. This regime is typically adopted by countries with relatively stable economies and low inflation rates, as it provides a balance between exchange rate stability and flexibility in response to economic changes.
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In
, people invest money in a company in exchange for the company’s
.
Answer:
In equity crowdfunding, people invest money in a company in exchange for the company’s shares
Explanation:
Equity crowdfunding is the process in which people invest in start up companies and early stage companies that have not been listed on a stock market in exchange for shares in that company. As a result of the investment, the person becomes a shareholder and makes profit when the company do well but if the company fails, shareholders make losses.
Startups and early-stage companies use this method to raise capital.
I have $3,000 in credit card debt. If I can pay $150.00 a month, how long will it take to pay it off? My current interest rate is 18%. Remember to include your inputs and round 2 decimal points like we did in module 2.
Answer:
2 years
Explanation:
Rate = rate per period = 18%/12 = 1.5%
PV = 3,000
PMT = 150
Number of a payment period = NPER(Rate, PMT, -PV, FV)
Number of a payment period = NPER(18%/12, 150, -3000)
Number of a payment period = 23.96 months
Time to payoff loan = 23.96/12
Time to payoff loan = 1.99667
Time to payoff loan = 2 years
To determine whether or not an investment has a positive NPV, we essentially compare the expected return on that new investment to what the financial market offers on an investment with the same beta. This is why the SML is so important; it tells us the "______ ______" for bearing risk in the economy.
To determine whether or not an investment has a positive NPV, we essentially compare the expected return on that new investment to what the financial market offers on an investment with the same beta. This is why the SML is so important; it tells us the "going rate" for bearing risk in the economy.
As a visual depiction of the capital asset pricing model, the securities market line (SML) is a line drawn on a chart (CAPM). By comparing an investment product's expected to return to its degree of risk, the SML can assist in determining if it would provide a good expected return.
The following attributes describe Security Market Line: An investment opportunity cost is very well represented by this. The expected return for a securities or portfolio with a beta value of 0 is the same as the rate of return at which there is no risk. The slope of a security's market line is influenced by the market risk premium.
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suppose you expect to receive $80 at the end of year 1, $90 at the end of year 2, $100 at the end of year 3, and $110 at the end of year 4. what is the present value of these cash flows if the interest rate is 7 percent compounded annually?
Future cash flow is worth $338.90 at present.
The present value of a future cash flow is calculated by using the following formula:
Present Value = Future Value / (1 + r)ⁿ
Where r is the interest rate and n is the number of periods.
To calculate the present value of the cash flow, we need to solve for the present value of each cash flow separately:
Present Value of Year 1 = $80 / (1+0.07)¹ = $74.68
Present Value of Year 2 = $90 / (1+0.07)² = $81.11
Present Value of Year 3 = $100 / (1+0.07)³ = $87.94
Present Value of Year 4 = $110 / (1+0.07)⁴ = $95.17
The total of all the current values represents the present value of these cash flows.
Present Value = $74.68 + $81.11 + $87.94 + $95.17 = $338.90.
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