A company has two products, A1 and B2, and it uses activity-based costing (ABC) to allocate costs. The company has prepared an analysis that shows the budgeted costs and activities for each of its three activities: annual production and setup, machine hours, and material ordering.
Activity-based costing is a costing method that assigns costs to products or services based on the activities required to produce them. It recognizes that products consume different activities in the production process, and allocates costs accordingly.
To use ABC, the company would follow these steps:
1. Identify the activities: The company has identified three activities - annual production and setup, machine hours, and material ordering.
2. Determine cost drivers: Cost drivers are factors that cause the costs of an activity to vary. For each activity, the company would identify the cost drivers. For example, for annual production and setup, the cost driver could be the number of setups.
3. Allocate costs: The company would allocate the budgeted costs to each activity based on the cost drivers. For example, if the budgeted cost for annual production and setup is $10,000 and there are 100 setups, the cost per setup would be $100.
4. Assign costs to products: Once the costs are allocated to each activity, the company would assign the costs to the products based on their consumption of the activities. For example, if Product A1 requires 10 setups and Product B2 requires 20 setups, the cost of setups for Product A1 would be $1,000 and for Product B2 would be $2,000.
By using activity-based costing, the company can have a more accurate understanding of the costs associated with each product and make informed decisions regarding pricing, product mix, and process improvements.
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WARM UP: If a person dies in cold weather, does that increase or decrease rigor mortis? What about Warm weather?
Answer:
cold weather:decrease rigor mortis warm weather: increase
Explanation:
Ambient temperature: Warm conditions speed up the onset and pace of rigor mortis by providing a hospitable environment for the bacteria and processes that cause decay. Cold temperatures, on the other hand, slow it down. If someone dies outside in freezing temperatures, rigor mortis can last for days.
Not only does the surrounding ambient temperature affect the onset of rigor mortis, but the internal temperature of the body at death does as well. Having a high fever at the time of death will accelerate the progression of rigor mortis.
jason works at a bottling plant for a soft drink company. he is part of a labor union, along with his co-workers. after the plant's management and the labor union fail to agree on contract terms, the union uses picketing and advertising to ask its members and the public not to buy the company's products. this scenario best describes
This scenario best describes as Boycott.
A boycott is an act of nonviolent, voluntary abstention from a product, individual, organization, or u . S . As an expression of protest. It's also for ethical, social, political, or environmental reasons. The purpose of a boycott is to inflict a few economic loss at the goal, or to suggest a ethical outrage, to attempt to compel the goal to alter an objectionable behavior. The phrase is named after Captain Charles Boycott, agent of an absentee landlord in eire, against whom the method became efficiently hired after a suggestion with the aid of Irish nationalist chief Charles Stewart Parnell and his Irish Land League in 1880.
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Workers typically get dirty if they work at a job site for
Answer:
both the Construction and Maintenance pathways.
Explanation:
to conduct business, congress needs to have a certain number of members present. how many members are needed?
There are presently 435 voting representatives. 5 delegates and one resident commissioner function as non-voting members of the residence, although they can vote in committee.
Representatives should be 25 years old and must have been U.S. residents for at least 7 years.
The constitution prescribes that the Senate be composed of two senators from each kingdom (therefore, the Senate currently has a hundred participants) and that a senator needs to be at least thirty years of age, have been a citizen of the us for nine years, and, while elected, be a resident of the state
Each nation retained "each power...which isn't always by way of this confederation expressly delegated to America. The Articles of Confederation additionally mentioned a Congress with representation now not based on population – every nation might have one vote in Congress.
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How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
your company is contemplating replacing their current fleet of delivery vehicles with nissan nv vans. you will be replacing 5 fully-depreciated vans, which you think you can sell for $3,100 a piece and which you could probably use for another 2 years if you chose not to replace them. the nv vans will cost $30,000 each in the configuration you want them, and can be depreciated using macrs over a 5-year life, but you are unable to make use of either bonus depreciation or section 179 expensing. expected yearly before-tax cash savings due to acquiring the new vans amounts to about $3,800 each. if your cost of capital is 10 percent and your firm faces a 21 percent tax rate, what will the cash flows for this project be?
The cash flows for this project will be $119,000 + ($16,690 / 1.1) + ($12,910 / 1.1^2) + ($16,942).
To calculate the cash flows for this project, need to consider the initial investment, the annual cash savings, and the salvage value of the new vans.
Initial investment:
The cost of one Nissan NV van is $30,000, and replacing 5 vans, so the initial investment is:
$30,000 x 5 = $150,000
It could sell the old vans for $3,100 each, which amounts to $15,500 in total, but since use them for another 2 years, their opportunity cost is:
$3,100 x 5 x 2 = $31,000
So, the net initial investment is:
$150,000 - $31,000 = $119,000
Annual cash savings:
The expected yearly before-tax cash savings due to acquiring the new vans is $3,800 per van, so for 5 vans, the annual cash savings is:
$3,800 x 5 = $19,000
Salvage value:
The new vans will have a salvage value at the end of the 5-year life, which we assume to be $0.
Now, calculate the annual cash flows for each year of the 5-year life of the project. use the MACRS depreciation method, which allows for greater depreciation in the early years of an asset's life.
Year 1:
Depreciation = $150,000 x 0.2 = $30,000
Taxable income = $19,000 - $30,000 = -$11,000
Tax savings = -$11,000 x 0.21 = -$2,310
After-tax cash flow = $19,000 - $2,310 = $16,690
Year 2:
Depreciation = $150,000 x 0.32 = $48,000
Taxable income = $19,000 - $48,000 = -$29,000
Tax savings = -$29,000 x 0.21 = -$6,090
After-tax cash flow = $19,000 - $6,090 = $12,910
Year 3:
Depreciation = $150,000 x 0.192 = $28,800
Taxable income = $19,000 - $28,800 = -$9,800
Tax savings = -$9,800 x 0.21 = -$2,058
After-tax cash flow = $19,000 - $2,058 = $16,942
Year 4:
Depreciation = $150,000 x 0.1152 = $17,280
Taxable income = $19,000 - $17,280 = $1,720
Tax on income = $1,720 x 0.21 = $361.20
After-tax cash flow = $19,000 - $361.20 = $18,638.80
Year 5:
Depreciation = $150,000 x 0.1152 = $17,280
Taxable income = $19,000 - $17,280 = $1,720
Tax on income = $1,720 x 0.21 = $361.20
After-tax cash flow = $19,000 - $361.20 = $18,638.80
PV = -$119,000 + ($16,690 / 1.1) + ($12,910 / 1.1^2) + ($16,942 / 1.1^3) + ($18,638.80 /
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Ken is 63 years old and unmarried. He retired at age 55 when he sold his business, Understock. Though Ken is retired, he is still very active. Ken reported the following financial information this year. Assume Ken files as a single taxpayer. Determine Ken’s gross income and complete page 2 of Form 1040. (a) Ken won $1,200 in an illegal game of pocker(b) Ken sold 1000 shares of stock for $32 a share. He inherited the stock two years ago. His tax basis in the stock was $31 per share(c) Ken received $13000 in disability benefits for the year. He purchased the disability insurance policy last year
Ken's gross income for the year consists of three components: $1,200 from an illegal poker game, capital gains from selling stock, and disability benefits totaling $13,000. The capital gains are calculated by subtracting the tax basis ($31 per share) from the selling price ($32 per share) for 1,000 shares.
Ken's gross income for the year includes the following components:
(a) Illegal poker game winnings: Ken won $1,200 in an illegal game of poker. Although the legality of the game doesn't affect the reporting of income, it's important to note that engaging in illegal activities is against the law.
(b) Capital gains from stock sales: Ken sold 1,000 shares of stock for $32 per share, resulting in a total of $32,000. He inherited the stock two years ago and had a tax basis of $31 per share. To calculate the capital gains, the tax basis is subtracted from the selling price for each share. In this case, the capital gains amount to $1 per share ($32 - $31) for a total of $1,000.
(c) Disability benefits: Ken received $13,000 in disability benefits for the year. These benefits were obtained through an insurance policy he purchased last year.
To complete page 2 of Form 1040, the income from the illegal poker game should be reported on line 8a, labeled "Other income." The $13,000 disability benefits should be reported on line 1, labeled "Wages, salaries, tips, etc." However, since disability benefits are typically not subject to federal income tax, it's important to consult the instructions or a tax professional to determine if any portion of the benefits is taxable.
The capital gains from selling the stock should be reported on Schedule D, which is used to report capital gains and losses. The details of the stock sale, including the number of shares, tax basis, and selling price, will need to be provided on the form. The resulting capital gains of $1,000 will be carried over to Form 1040's Schedule 1, line 6, labeled "Capital gain or (loss)."
It's important to note that this is a simplified explanation, and Ken's individual tax situation may have additional factors that need to be considered. Consulting a tax professional or referring to the IRS instructions for Form 1040 would provide more accurate and personalized guidance for Ken's specific circumstances.
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Which of the following statements regarding the basic economic problem of scarcity is correct?
a. The problem only exists in countries that are not highly industrialized.
b. The problem is likely to disappear as production increases.
c. The problem is sure to disappear as technology improves.
d. The problem will exist as long as resources are available in limited amounts.
e. The problem will disappear as a person's income falls.
d. The problem will exist as long as resources are available in limited amounts, regarding the basic economic problem of scarcity is correct.
Machinery, time, money, labor, and factories are examples of economic problem resources used in the production of goods and services. When there is a gap between the supply of resources and the demand for them, the resources are considered scarce. In most cases, human wants outweigh available resources, which creates scarcity. Therefore, decisions about how to best use scarce resources must be made by the nation, businesses, and individuals due to the problem of scarcity. The resources available to satisfy human demands will always be limited since human wants are unbounded.
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Which cable news network produces the most straight reporting?
A. MSNBC
B. ESPN
C. CNN
D. FOX
Answer:
C.
Have a good morning✨
Answer:
A
Explanation:
Interview any adult you know about their job. Ask the person questions related to the job. You should find out whether the person likes his or her job, why he or she is still working at the same organization, and if the person would recommend the organization to others. Write a paragraph on your findings.
Answer:
My Answer: Why did you choose to work here? How do you feel about the organization here? What are you likes about the company? Why are working in the same organization? Would you recommend the organization for future employees?
Explanation:
Plato's Answer: I interviewed my aunt, who works at Triple J Productions. She has been working there for 20 years. When she started out, the company offered voluntary monthly trainings for employees looking to advance. The company had a family picnic every summer for employees and their families. The company was very honest, cared about its employees, customers, etc. Three years ago, the CEO passed away. His son took over the company. Now, they do not have any company picnics. Training has stopped and the company often outsources jobs to employees who will work for low salaries. She is now quite unhappy at the company, but feels that she has invested too much time in it to go somewhere else. Ten years ago, she would have said it is a great place to work. Today, she feels that the company's common practices are sneaky and underhanded and their main motivation is money.
I hope it helps!
investment companies pay income and capital gains taxes. shareholders also need to pay applicable taxes for investing in investment companies. therefore, there is double taxation. investment companies pay income and capital gains taxes. shareholders also need to pay applicable taxes for investing in investment companies. therefore, there is double taxation. true false
Investment companies pay income and capital gains taxes. shareholders also need to pay applicable taxes for investing in investment companies - True.
The profit that an investor gets when they sell an investment is subject to the capital gains tax. It must be paid in the tax year when the investment is sold. Depending on the filer's income, the long-term capital gains tax rates for the 2022 and 2023 tax years are 0%, 15%, or 20% of the profit.
Any investment that is owned for more than a year will result in a long-term capital gains tax obligation for the investor. Short-term capital gains tax is imposed if the investor owns the investment for six months or less. The taxpayer's typical income band affects the short-term rate. That is a higher tax rate than the capital gains rate for everyone save the best income taxpayers.
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Tim and Sally are taking out a personal loan to pay for their wedding expenses. The loan is for $9,000 and comes with an interest rate of 9. 5% compounded monthly. The couple wants to pay the loan off as quickly as possible, keeping the monthly payments below $250. The lender offers repayment plans in 12 month increments. How long of a loan should they request? a. 24 months b. 36 months c. 48 months d. 60 months.
The time period of the loan amount should be for 4 years, that is 48 months.
The time period for the repayment of the personal loan of amount $9,000 is taken at an interest rate of 9.5% that is compounded monthly.
In the given case the couple wants to keep the monthly payment of less than $250.
We need to determine the time period for which the loan must be requested in order to consider their per-month payment.
The time period is calculated by the online personal loan calculator.
The computation of the time period is done by the trial and error method. When the years are changed the amount of monthly payment due will also change.
Therefore, in 4 years, that is 48 months the monthly payment will be $216 that is below $250.
Thus, option c. 48 months is correct.
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Answer:
c. 48 months
Explanation:
Choose the option that best matches the description given.
Providing assistance to people in need through programs is known as ___
services. a mental health b rehab c human
Answer:
Human services
Explanation:
According to GAAP, a loss contingency shall be accrued by a charge to income if O it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated. O it is poss
According to Generally Accepted Accounting Principles (GAAP), a loss contingency should be accrued by a charge to income if it is probable that a liability has been incurred and the amount of the loss can be reasonably estimated.
This principle ensures that financial statements reflect the most accurate and reliable information regarding potential losses or liabilities. GAAP provides guidance on how companies should account for loss contingencies, which are potential losses that are contingent upon the occurrence or non-occurrence of future events. To determine whether a loss contingency should be accrued and recognized in the financial statements, two conditions must be met:
1. Probability: It must be probable that a liability has been incurred. Probable means that the likelihood of the event occurring is more likely than not. This requires a reasonable assessment of the available evidence and judgment to determine the likelihood of incurring the liability.
2. Reasonable Estimate: The amount of the loss must be reasonably estimable. This means that the company must be able to make a reasonable approximation of the potential loss based on available information, such as historical data, expert opinions, or other relevant factors.
If both conditions are met, the company should accrue the loss contingency by recording an expense and creating a liability on the financial statements. This ensures that the financial statements provide a fair and accurate representation of the potential liabilities and their impact on the company's financial position and performance.
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Which is a common way to send money from your bank to a bank in a different country?(1 point)
A. deposit
B. withdrawal
C. service fee
D. wire transfer
Answer:
I would say the answer is D. Wire Transfer
true or false, to advance the progress completion percentage in a smartbook assignment, only one question per concept must be answered correctly
Answer:
FalseExplanation:
A SmartBook assignment's progress completion % may not always be dependent on correctly answering just one question per idea. The requirements for increasing a SmartBook assignment's progress completion percentage can change based on the particular assignment, the course, and the instructor. It could be determined by properly answering a predetermined number of questions overall, a predetermined number of questions in each topic area, or by doing a predetermined number of activities or evaluations inside the assignment. The easiest way to find out the precise requirements for raising the progress completion percentage in a SmartBook assignment is to study the assignment instructions or speak with the instructor.
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describe the importance of section officer
Answer:
Section officer are important to give and take the services , cater the services effectively , distribute work among the staff as evenly as possible , drafts laws , put up notes , prepare summaries , manage the relevant record and data of concerned department, reply to letters , communicate with other departments , maintain order and discipline in the section maintenance, etc
why having business is important?
What is one method that helps control online fraud? O A. Deleting odd emails before reading B. Reporting odd emails to police • C. Reporting odd emails as spam • D. Signing into email in many locations
Answer: C. Reporting odd emails as spam
Explanation:
After adjusting your seat, your _____ should be as close as possible to the backrest.
A. hands
B. arms
C. bottom
D. legs
Answer:
C. Bottom is the answer
Explanation:
My parents would always yell at me to scooch backwards in the car if I was leaning too far forward. I don't need to know how to drive to know this.
This is a question about driving right? Lol, cause if it's not, sorry.
Susan is hired to manage a business that manufactures basketballs. This means that she has the authority to make contracts that are reasonably necessary for conducting the business, such as purchasing supplies. After not doing so for two months, Susan's boss directly told her to purchase these supplies. The boss's statement is called:
After not doing so for two months, Susan's boss directly told her to purchase these supplies. The boss's statement is called direct authority.
What is direct authority?
The Office of Personnel Management (OPM) may give Federal agencies a direct-hire authority (DHA), also known as an appointment (hiring) authority, to fill positions where there is a critical need for hiring or a severe applicant shortage. The Office of Personnel Management (OPM) may give Federal agencies a direct-hire authority (DHA), also known as an appointment (hiring) authority, to fill positions where there is a critical need for hiring or a severe applicant shortage. A DHA enables agencies to acquire qualified applicants more quickly. By eliminating veteran preference, rating and ranking, and traditional selection techniques, it expedites recruiting. Every applicant who satisfies the minimum requirements will be sent to the hiring manager for evaluation and selection.
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In a manufacturing company , the budget details the raw materials that must be purchased to fulfill the production budget and to provide for adequate inventories . ( enter only one word per blank )
In a manufacturing company , the direct materials budget details the raw materials that must be purchased to fulfill the production budget and to provide for adequate inventories.
Components that go into a manufactured good are known as direct materials. For instance, the direct materials used in the creation of a smartphone are the screen, integrated circuits, camera modules, and buttons. Direct material refers to the tangible components that make up a production. For instance, water are direct materials for a baker. Cost accounting uses the direct materials concept to categorize this cost independently for various forms of financial analysis.
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according to organizational theory, conflict stems from a mismatch of any of the following agency bases except
According to organizational theory, conflict stems from a mismatch of any of the following agency bases except
Conflict is a natural occurrence in organizational settings, but it can be managed through effective communication, conflict resolution strategies, and clear agency bases to ensure all parties involved have a clear understanding of their roles and responsibilities.
The organizational theory explains conflict as a disagreement between individuals or groups within a business setting. The main reason for conflict is due to a mismatch of agency bases.
Agency theory explains the relationship between the owner (principal) and the agent (employee). When this relationship is not clearly defined, it leads to conflicts. Below are the types of agency bases that contribute to conflict;
Role conflicts refer to the conflicting expectations of different roles that the employee holds in the organization. These expectations cause stress, confusion, and ambiguity, which leads to conflict.
Role conflict may arise when an employee is given two or more assignments that require different skills and abilities, and the employee is not sure which one to prioritize and focus on.
Goal conflicts occur when employees are assigned different goals that are in contradiction with each other. For example, the sales team may have a target to sell a specific product in a particular region, while the production team may have a target to reduce costs.
This can lead to conflicts because the two teams have different goals that do not support each other. Resource conflict This is a situation where there is a limited resources such as money, time, and space. In most cases, this type of conflict arises when employees compete for resources that are not enough to satisfy their needs.
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Best Coffee Enterprises is dealing in a variety of coffee like Expresso, Cappuccino, and Caffe latte etc. It has several outlets in the city. It has a good financial standing and enjoys a good reputation in the market. It purchases high-quality coffee beans from Global Traders and pays them at a future date. Briefly explain the source of finance given by Global Traders to Best Coffee Enterprises.
Different sources of finance exist operated by various companies. Global Traders exist offering Trade Credit as a source of finance to the Best Coffee enterprises. Trade credit exists as a business-to-business (B2B) arrangement in which a customer can buy goods without spending cash up front, and delivering the supplier at the latest scheduled date.
What are the features of trade credit?It exists referred to as the payment holds authorized by the creditor for a specified period for their raw material.It exists usually comprehended as an instant source of finance.It usually occurs in B2B businesses where the payees exist and desired to pay within their established deadline.Trade credit exists as a business-to-business (B2B) arrangement in which a consumer can buy goods without spending cash up front, and paying the supplier at a later scheduled date. Usually, companies that work with trade credits will give customers 30, 60, or 90 days to pay, with the transaction recorded through an invoice.
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lazer co. is a u.s. firm that exports computers to belgium invoiced in euros and to italy invoiced in dollars. additionally, lazer co. has a subsidiary in south korea that produces computers and sells them there. lazer also has competitors in different countries. lazer co. is subject to: (lo 8.1) group of answer choices
Additionally, Lazer Co. has a subsidiary in Korea that produces computers in South Korea and sells them there. Lazer also has competitors in different countries. Lazer Co. is subject to translation exposure.
Translation publicity (also known as translation threat) is the risk that an employer's equities, assets, liabilities, or earnings will alternate in cost because of change fee adjustments. This happens whilst a firm denominates a part of its equities, assets, liabilities, or profits in overseas forex. Transaction publicity arises whilst a business enterprise enters into a transaction regarding overseas foreign money and commits to make or receive payment in foreign money aside from its domestic forex. Translation publicity arises on the stability sheet consolidation date and is on the give-up of a given monetary length (sector or yr). Translation exposure is a form of accounting chance that arises due to fluctuations in forex quotes. converting the values of a overseas subsidiary's holdings into the figure employer's domestic currency can lead to inconsistencies if trade rates trade constantly.
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Disclaimer: The question is incomplete. Please read below to find the missing content.
Lazer Co. is a U.S. firm that exports computers to Belgium invoiced in euros and to Italy invoiced in dollars. Additionally, Lazer Co. has a subsidiary in Korea that produces computers in South Korea and sells them there. Lazer also has competitors in different countries. Lazer Co. is subject to:
a.
transaction exposure.
b.
economic exposure.
c.
translation exposure.
d. all of these
Why is it critical that a market basket accurately represents average consumer purchases?
The reason it is critical for a market basket to accurately represent the correct customer purchases on average is so that inflation can accurately be calculated.
How is inflation calculated?Inflation refers to the general rise in prices in an economy. This therefore measures the fall in the value of currency and is important when making economic decisions by the government.
As a result, the inflation rate needs to be as accurate as possible. Inflation is calculated by checking the change in price in a market basket of goods purchased by consumers. As a result, it needs to be as accurate as possible to correctly capture the inflation.
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Place the items that appear on a balance sheet in the order in which they must appear, starting with the first at the top. 1. current assets. 2. fixed assets. 3. intangible assets. 4. current liabilities. 5. long-term liabilities. 6. owners equity
The balance sheet is organized in this order to show the liquidity of the company's assets and the maturity of its liabilities. Current assets and current liabilities are listed first. Followed by fixed assets, intangible assets, long-term liabilities, and owners equity.
The correct order of items on a balance sheet is as follows:
1. Current assets: These are assets that can be converted into cash within a year, such as cash, accounts receivable, and inventory.
2. Fixed assets: These are assets that are not easily converted into cash, such as property, plant, and equipment.
3. Intangible assets: These are assets that do not have a physical form, such as patents, trademarks, and goodwill.
4. Current liabilities: These are debts that are due within a year, such as accounts payable and short-term loans.
5. Long-term liabilities: These are debts that are due more than a year from the balance sheet date, such as mortgages and bonds.
6. Owners equity: This is the difference between the value of the assets and the value of the liabilities, and represents the owners' investment in the company.
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9. If $1.00 at 5.5%interest compounded daily
has a value of $1.00513 after 34 days, how
much interest would June Akin's account
have earned on $5,000.00 after 34 days?
(Step by step) please
Answer:
After 34 days, Akin's bank account would have $5,034.11
Explanation:
Given that 5.5% annual interest, if compounded daily, represents a daily interest of 0.015%, to determine the total amount that Akin's account will have if its initial amount were $ 5,000 after 34 days of investment, the following must be done calculation:
X = 5,000 x (1 + 0.015) 34
X = 5,034.11
Therefore, after 34 days, Akin's bank account would have $5,034.11.
if the price per unit of product is $2 and the wage rate is $25, a profit-maximizing firm operating in competitive markets would hire:
In marketplaces where there is competition, businesses would employ four or five.
Define competitive market.A perfect market, also known as an atomistic market, is defined by a number of idealizing conditions that are collectively referred to as perfect competition, or atomistic competition, in the field of economics and more specifically general equilibrium theory.
In the field of economics, the word "profit maximizing" refers to the short- or long-term process by which a company selects the prices, input levels, and output levels that will result in the highest possible overall profit.
Profit maximization is the process by which businesses increase their profits by balancing their marginal income and marginal expense. This notion serves as the foundation for many economic theories. It exists in markets with monopolies as well as those with perfect competition.
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Why is organic manure used in soil? Explain briefly.
Explanation:
the supply plant nutrients including micronutrients they improve soil physical properties like structure of water holding capacity etc. they increase the availability of nutrients.