Use the following information to determine the margin of safety in dollars: Unit sales 60,000 Units Dollar sales $ 600,000 Fixed costs $ 171,885 Variable costs $ 285,000
Multiple Choice
$123,115.
$272,600.
$327,400.
$143,115.
$600,000.
Answers
Margin of safety in dollars is determined using the formula: Margin of Safety = Total Sales - Break-Even Sales.Multiple Choice:$123,115.$272,600.$327,400.$143,115.$600,000.To determine the margin of safety in dollars, we need to calculate the break-even sales first.
Therefore,Unit selling price = Dollar Sales / Unit Sales= $ 600,000 / 60,000 Units= $ 10 per unitVariable cost per unit = Variable Costs / Unit Sales= $ 285,000 / 60,000 Units= $ 4.75 per unitPutting the given values in the break-even sales formula,
Break-Even Sales = $ 171,885 / ($ 10 - $ 4.75) = $ 42,577.31Margin of Safety = Total Sales - Break-Even SalesTotal Sales = Unit Selling Price * Unit Sales= $ 10 * 60,000 Units= $ 600,000Margin of Safety = $ 600,000 - $ 42,577.31= $ 557,422.69Hence, the margin of safety in dollars is $ 557,422.69.
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Related Questions
Active listening is a process of communication in which the listener engages the speaker by repeating or rephrasing the speaker’s words; the listener may also mirror body language or _____.
apathetic behavior
tone of voice
nervous tics
hand gestures
Answers
Answer: tone of voice
Explanation:
Active listening refers to a process of communication whereby the speaker is engaged by the listener who repeats the words or statements heard.
Active listening involves the individual listening with all his or her senses and giving the speaker all the attention needed.
In active listening, the listener can mirror the body language or the tone of voice of the speaker. Active listening can be either acquired or developed through constant practice.
What is defined as a budget surplus? (1 point)
O Spending exceeds income.
OA spending necessity.
OA spending desire or luxury.
O Take-home pay exceeds spending.
Answers
Take-home pay or income exceeds spending is defined as a budget surplus.
When income surpasses expenditure, there is a budget surplus. Since people often have "savings" rather than a "budget surplus," which is a sign that a government's finances are being handled well, the word is frequently used to describe the financial situation of the government.
A budget excess might be put to use for a purchase, debt repayment, or retirement planning. If a community has a budget surplus, it could utilize that money to make renovations, such reviving a run-down park or downtown. There is a budget imbalance when expenses go beyond revenues. Similar to when someone spends more than they make and pays interest on a credit card debt, deficits require borrowing money and paying interest. When spending and revenue are equal, a budget is balanced.
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luz is an employee of motor parts, an auto parts store. on the orders of his employer, he switches trademarks on parts that come into the store to be sold to consumers. this is most likely
Answers
This is most likely a fake. It is because the motor part's brand is exchanged so that the quality does not match the brand.
A trademark is a type of Intellectual Property Rights consisting of a recognizable sign, design or expression to identify a product or service that is distributed to the market. This trademark is what makes a product or service unique and different from other similar businesses and makes it easier for buyers or customers to recognize the product. Companies that register their trademarks can be legally protected. That way, no other party can use the same name/sign/symbol as what has been used.
Trademarks that have been registered have a valid period, in Indonesia, trademark protection is valid for 10 years from the date of submission. Trademark protection can be extended in accordance with applicable legal provisions.
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Charlize is monitoring market indicators in a particular area for her client who wants to buy an oceanfront home. Which market indicator will tell her how much prices have fluctuated in the area over the past two years?
Answers
Answer:
Price levels
Explanation:
Price level is an indicator that is obtained by getting the average price of goods that are produced within an economy or an industry.
When prices rise it indicates that demand for a good is on the rise and eventually an inflation may result. When price falls demand has reduced and deflation may result.
In the given scenario price level is the best indicator to show how prices of properties in the area have fluctuated.
It will also give insight into how good a property purchase will be.
How is a game designer different from a writer?
Answers
Answer:game desighners are mostly online
Explanation:
True or false: Revenue always equals cash collections during the accounting period
Answers
False. Even if the money is not collected until a later accounting period, revenues are recorded as soon as the goods or services are rendered.
What is Revenue in accounting?
Revenue in accounting refers to the entire amount of money made through the sale of products and services that are essential to the company's core operations. Sales or turnover are other terms used to describe commercial revenue. Some businesses make money from royalties, interest, or other fees. As in "Last year, Company X had revenue of $42 million," the term "revenue" can refer to either general income or the sum of money earned during a specific period of time. The general definition of profits or net income is total revenue less total expenses for a specific time period.
In the balance statement, the revenue section is a subsection of the equity section in accounting, and the revenue raises equity.
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QUESTION ONE 10 MARKS As a consultant for you own company explain the five step to implement VMI
Answers
Vendor Managed Inventory (VMI) is a collaborative inventory management approach where the supplier takes responsibility for managing and replenishing the customer's inventory.
Implementing VMI requires careful planning and execution. Here are five steps to consider when implementing VMI:
1. Establish a Partnership: The first step is to establish a strong partnership with the supplier. This involves selecting a reliable and trustworthy supplier who is willing to collaborate and share information. Both parties should align their goals and objectives to ensure a successful implementation.
2. Define Inventory Requirements: Work closely with the supplier to define the inventory requirements, including product types, quantities, lead times, and delivery schedules. This step involves analyzing historical demand patterns, understanding customer requirements, and determining optimal inventory levels to minimize stockouts and excess inventory.
3. Share Information: Effective communication and information sharing are crucial for VMI. Establish a system for sharing real-time data on inventory levels, sales forecasts, and any other relevant information. This allows the supplier to proactively manage inventory and make informed decisions regarding replenishment.
4. Implement Performance Metrics: Define key performance indicators (KPIs) to measure the effectiveness of the VMI program. These may include metrics such as order fill rate, inventory turnover, on-time delivery, and customer satisfaction. Regularly monitor and evaluate the performance of the VMI system against these metrics to identify areas for improvement.
5. Continuous Improvement: VMI implementation is an ongoing process that requires continuous improvement. Regularly review and analyze the VMI program's performance and identify opportunities for optimization. This may involve adjusting inventory levels, refining forecasting methods, or enhancing collaboration with the supplier. Emphasize the importance of continuous improvement and encourage feedback from both the supplier and the customer to drive efficiency and effectiveness.
By following these five steps, a company can effectively implement VMI and enjoy benefits such as reduced inventory carrying costs, improved customer service levels, and increased supply chain visibility and efficiency.
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Adidas America Inc. v. Payless Shoesource Inc.
Sneaker giant Adidas once went to war with discount shoe chain Payless, and the conflict was all due to stripes. Adidas has used three stripes on its shoes since 1952, and has registered the pattern as its trademark. But during the 1990s, Payless began selling athletic shoes with a similar look. Some of their sneakers had two parallel lines and others had four. The two companies met and reached an agreement. Payless would stop selling its shoes. However, Payless brought back its striped shoes in 2001, which went against the settlement. So Adidas America Inc. took them to court. The jury trial lasted seven years. During the course of it, 268 pairs of sneakers were examined. By the end, the jury determined that Payless owed Adidas $305 million. Wall Street Journal’s Law Blog declared that was $100 million for each stripe.
Why is this case an example of trademark violation?
A) Payless made sneakers with a pattern that is similar to the Adidas logo
B) Payless hired a designer from Adidas to create sneakers for them,
C) Payless used the Adidas logo in its TV commercials and print ads
D) Payless made running shoes based on the style and design of an adidas sneaker.
Answers
Answer:
A) Payless made sneakers with a pattern that is similar to the Adidas logo
Explanation:
Answer:A) Payless made sneakers with a pattern that is similar to the Adidas logo
Explanation:
If left uncontrolled the high blood pressure can cause 1. Kidney disease 2. Heart failure 3. Stroke 4. All of above
Answers
If left uncontrolled, high blood pressure can cause kidney disease, heart failure, and stroke. Therefore, the correct option is 4. All of the above.
What is high blood pressure?High blood pressure, also known as hypertension, is a chronic medical condition that occurs when the blood pressure in the arteries rises above the normal range. It is defined as a systolic blood pressure of 140 mm Hg or higher and a diastolic blood pressure of 90 mm Hg or higher.
Blood pressure can be controlled by making lifestyle changes like adopting a healthy diet, engaging in regular exercise, limiting alcohol intake, avoiding smoking, and maintaining a healthy weight. In addition, doctors can prescribe medications to control blood pressure if lifestyle modifications alone are not effective.
If left untreated, high blood pressure can cause damage to your body's vital organs, including the kidneys, heart, and brain. Kidney disease, heart failure, and stroke are some of the severe complications that can arise due to high blood pressure. Therefore, it is critical to manage hypertension effectively.
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Soft skills 2 sentences that will help
Answers
Answer:
Include the terms most closely related to the job in your resume, especially in the description of your work history. Highlight Skills in Your Cover Letter: You can incorporate soft skills into your cover letter. Include one or two of the skills mentioned here, and give specific examples of instances when you demonstrated these traits at work
Explanation:
the probability that texas will completely rewrite their constitution
Answers
While it is impossible to predict the future decisions of Texas regarding their constitution, the probability of a complete rewrite is generally low due to the complexity and political challenges involved.
However, in general, the probability of a state completely rewriting its constitution is typically low, as it is a complex and time-consuming process that requires significant political will and resources.Most state constitutions are amended over time rather than being completely rewritten, with the process of amendment being easier and less disruptive than rewriting the entire document.
However, in some cases, a state may choose to undertake a constitutional convention, where delegates are elected to review and potentially rewrite the entire constitution.In Texas, the state constitution has been amended many times since it was first written in 1876, but there has not been a constitutional convention in recent history. Any decision to completely rewrite the Texas constitution would require a significant political consensus and likely involve a lengthy and complex process of drafting and ratification.
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The probability of Texas completely rewriting their constitution is low, as it requires significant political will and a lengthy process.
The Texas constitution was last rewritten in 1876, and while there have been some amendments since then, a complete rewrite would require significant political will and a lengthy process. The state would need to convene a constitutional convention, which would require approval from the governor and two-thirds of the state legislature. Furthermore, a new constitution would require approval from voters. While there have been calls for a constitutional convention in recent years, the likelihood of a complete rewrite remains low. This is due in part to the fact that any proposed changes would need to be carefully considered and vetted, as they would have significant and far-reaching implications for the state and its residents.
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Online retail purchases by consumers can be the result of several very different approaches, which include: (1) paying dues to become a member of an online discount service; (2) participating in an online auction; (3) going directly to online malls; and (4) _______.
becoming a member of a research group that evaluates new products
using a shopping "bot" to search for a product at locations with the best price
participating in a buying cooperative
becoming a secret shopper
Answers
The missing option to complete the list of approaches for online retail purchases is:
- Using a shopping "bot" to search for a product at locations with the best price
Using a shopping "bot" refers to employing automated software or tools that search various online retailers to find the best price for a specific product. These bots compare prices across different websites, helping consumers find the most cost-effective option for their desired item.
Therefore, the complete list of approaches for online retail purchases is:
1) Paying dues to become a member of an online discount service
2) Participating in an online auction
3) Going directly to online malls
4) Using a shopping "bot" to search for a product at locations with the best price
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PLEASE HELP WILL MARK BRAINLIEST
Answers
Answer:
the answer is true
Explanation:
Manny and his family are planning to buy a new stereo. Manny finds two place to purchase the stereo. The first store wants $250 and there is 6.75% sales tax. He can buy it online for $235 with 6% sales tax and $9.95 shipping. Calculate the total cost of both offers and choose the better deal. Besides for price is there any reason why many may choose the store instead of buying it online?
#2
Tishan is ordering new headphones from Amazon.com. The headphones are $149.99, the sales tax is 6.33 percent and the shipping charge is $6.99. How much will he pay for the headphones?
Answers
Answer:
1. The online store has a better deal.
2. Tishan'n headphones will cost $166.47
Explanation:
1. cost of the Stereo
A. cost of stereo from the store
The prices is $250 plus 6.75% sales tax
total cost will be 250 +( 6.75 /100 x $250) sales tax
= $250 + $16.875
=$266.875
B. cost of the stereo from online store
=price $235 plus sales tax at 6% plus shipping cost $9.95
6% of sales = 6/100 x 235 =$14.1
Total cost = $235 + $14.1 + $9.95
=$259.05
The online store has a better deal.
One advantage of buying from a store is after sales service. Once you buy the stereo, you will be allowed to test if its working as should be. The staff at the store will demonstrate how to operate the stereo.
2. Tishan is ordering headphones
The cost price is $149.99, sales tax is 6.33 and shipping $6.99
total cost wil be cost price + sales tax + shipping
=sales tax = $149.99 x 6.33/100
=$9.49
Total cost = $149.99 +$9.49+$6.99= 166.47
cost of the headphones will be $166.47
in nlrb v. midwestern personnel services inc., the court agreed with the nlrb position, saying that unfair labor practice strikes do not lose their character when economic motives contribute to their cause and that they remain unfair labor practice strikes as long as employees are motivated in part by unfair labor practices.
Answers
The following statement "In NLRB v. midwestern personnel services inc., the court agreed with the NLRB position, saying that unfair labor practice strikes do not lose their character when economic motives contribute to their cause and that they remain unfair labor practice strikes as long as employees are motivated in part by unfair labor practices" is true.
Work, commonly referred to as labor, is any intentional action that people take to fulfill their own needs, the needs of others, or the needs of a wider society. Work can be viewed from an economic point of view as a human activity that contributes to the production of the products and services that make up an economy.
Every community needs workers, but the types of labor needed vary widely between communities and within communities. For example, some societies rely on manual labor to exploit natural resources, while others rely on advanced technology to eliminate the need for physical or even mental use of many individual.
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In a sample of 56 tax returns filed by local hotel managers in a recent year, the taxable incomes are found to have a mean of $41225 and a population standard deviation of $6112. Construct the 99% confidence interval for the mean taxable income of all local hotel manager that year. Select one: a. 39255
Answers
To construct a 99% confidence interval for the mean taxable income of all local hotel managers in a recent year, we can use the following formula:
Confidence Interval = Sample Mean ± Z * (Population Standard Deviation / sqrt(Sample Size))
Given that the sample size is 56, the sample mean is $41,225, and the population standard deviation is $6,112, we need to find the value of Z for a 99% confidence level. Using a standard normal distribution table or calculator, we find that the Z-value corresponding to a 99% confidence level is approximately 2.58.
Plugging in the values, we have:
Confidence Interval = $41,225 ± 2.58 * ($6,112 / sqrt(56))
Calculating the expression inside the square root:
sqrt(56) ≈ 7.483
Substituting this value into the confidence interval formula:
Confidence Interval = $41,225 ± 2.58 * ($6,112 / 7.483)
Simplifying the expression:
Confidence Interval ≈ $41,225 ± $5,293.63
The 99% confidence interval for the mean taxable income of all local hotel managers in that year is approximately ($35,931.37, $46,518.63).
Therefore, the answer "a. $39,255" is incorrect. The correct answer is not provided among the options given.
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Bebarly appreciates compliments about her new photography business but really values constructive criticism, as she can then address particular issues. According to Julian Rotter, Bebarly has a(n)
Answers
Assuming Bebarly appreciates compliments about her new photography business but really values constructive criticism. According to Julian Rotter, Bebarly has a(n): internal locus of control.
What is internal locus of control?Internal locus of control can be defined as the way in which a person or an individual believe that whatsoever happen to them is as a result of their own capabilities.
A person with Internal locus of control personality will tend to believe that their action is what lend to the positve result they had just as in the case of Bebarly.
Inconclusion according to Julian Rotter, Bebarly has a(n): internal locus of control.
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15. Why is unemployment a closely watched figure by the government?
16. Briefly explain the connection between a person’s level of education and his or her potential for employability and earnings.
Economics
Answers
If the employment rate is high then the economy is booming, the standard of living is high and the spending and output in the economy is high.
An individuals level of education can negatively or positively impact their employability and earnings. A person with higher education and experience is mostly likely to be faster employed and receive higher earnings in comparison to a person with lower education and experience.
At a recent stockholders meeting for Ignate Inc., a group of stockholders expressed disagreement with the way that the managers were using free cash flow. Because they wanted to be able to control how the cash is invested, the stockholders lobbied that the free cash flow should be:
Answers
The stockholders lobbied that the free cash flow should be distributed to them as dividends.
The Free cash flow means money that business generates from its main business activities after necessary deduction of capital expenditures.
The Free cash flow are used to make further investment to allow more cash inflow into the organization.
But here, the stockholders are expressing their disagreement with the way that the managers were using free cash flow, therefore, they prefers that dividend are paid to them rather than managers investing the Free Cash Flow.
Therefore, the Option B is correct.
The options includes "a. used to pursue cross-border acquisitions. O b. distributed to them as dividends. O C. invested in new research and development O d. used to pay down corporate debt."
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If the supply of a product in a market is limited, a company may follow a ________ approach to maximize revenue and to match demand to supply.
Answers
When faced with limited supply in a market, a company may adopt a price-based approach to maximize revenue and align demand with supply. This involves increasing the price of the product to reflect its scarcity, aiming to generate higher revenue per unit sold.
If the supply of a product in a market is limited, a company may follow a **price-based** approach to maximize revenue and match demand to supply. In this approach, the company raises the price of the product to reflect its scarcity. By increasing the price, the company aims to capitalize on the limited supply and generate higher revenue per unit sold.
By setting a higher price, the company can deter some customers who are unwilling to pay the increased price. This helps in managing demand and ensuring that the available supply is allocated to customers who value the product the most or are willing to pay a premium.
This strategy of price-based approach can be observed in various markets. For example, during peak travel seasons, airlines may increase ticket prices due to limited availability. Similarly, when a highly anticipated product is released with limited quantities, companies may use a price-based approach to maximize revenue.
By employing a price-based approach, the company can optimize its revenue while dealing with the constraints imposed by limited supply. It is important to note that this approach must be balanced carefully, as excessively high prices could lead to negative customer perception and potential loss of future business.
In summary, when faced with limited supply in a market, a company may adopt a price-based approach to maximize revenue and align demand with supply. This involves increasing the price of the product to reflect its scarcity, aiming to generate higher revenue per unit sold.
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If a beneficiary is enrolled in a ma-only hmo and they also sign up for a pdp plan, they will be automatically dropped from their ma plan. True or false?.
Answers
If a beneficiary is enrolled in a MA-only HMO and they also sign up for a PDP plan, they will be automatically dropped from their MA plan. The statement is True.
Who is a Beneficiary?A beneficiary in the broadest sense is a natural person or other legal entity who receives money or other benefits from a benefactor.For example, the beneficiary of a life insurance policy is the person who receives the payment of the amount of insurance after the death of the insured.The majority of beneficiaries may be set up to specify who gets the assets once the owner(s) pass away.The assets will likely go to the contingent beneficiaries, nevertheless, if the principal beneficiary or beneficiaries pass away or fail to meet the requirements.A benefactor may employ further limitations, such as the need that the recipients be married, or more inventive ones, in an effort to regulate their behavior. Trusts permit any limits that are not against the law or serve an unlawful goal, unlike some situations, such as retirement funds, which do not permit any restrictions once the primary beneficiaries pass away.To know more beneficiary about with the given link
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The three major types of vertical marketing systems are corporate, contractual, and.
Answers
The correct answer is administered. A vertical marketing system is any distribution route that involves the cooperation of its various participants. This can include manufacturers, merchants, as well as distributors.
To successfully supply items to the customers and reach the highest levels of efficiency, they all must collaborate and cooperate. The organisation known as a franchise is the most prevalent type of contractual arrangement.
In this type of system, a channel participant known as a franchisor connects several stages of the manufacturing and distribution process. Amway is one of the examples. This American marketing firm creates goods for the home, body, and health. The brand sells goods only through its authorised outlets, making it a part of a corporate vertical marketing structure.
Vertical integration comes in three different flavours: there are three types of vertical integration: backward (upstream), forward (downstream), and balanced (both upstream and downstream).
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decision makers can help the community recover from an event more quickly by: a. eliminating the first two steps from the six-step problem-solving model. b. reducing the risks to emergency responders. c. making sound, timely decisions during an emergency. d. increasing the size of the decision-making group.
Answers
In an emergency, being able to make wise decisions quickly is essential. Making wise decisions can help handle events and prevent tragedies
assist a community in swifter recovery from a disaster. In contrast, making poor decisions or not making any decisions at all may cause harm or even death to victims or first responders.
How can your community assist you in making decisions?By acknowledging and expressing the needs and interests of all participants, including decision-makers, it encourages sustainable decisions. This improves community commitment to decisions and acceptance of results as local expertise from various groups influences and produces inclusive, practical solutions.
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which economic system does not contain provisions for taking care of people in the event they are not able to take care of themselves? which economic system does not contain provisions for taking care of people in the event they are not able to take care of themselves? socialist economy market economy command economy traditional economy
Answers
Market economy does not contain provisions for taking care of people in the event they are not able to take care of themselves
There are no arrangements in the market economy for caring for people if they are unable to care for themselves. This is dependent on the free market's ability to allocate resources and set prices, as well as on the actions of individuals and corporations. According to others, this could result in a situation where people who can't take care of themselves, such as the old, the disabled, or people with low means, are left without enough support.
Although the scope and character of these laws might differ widely depending on the nation and its political and social environment, market economies normally do contain measures for resolving these challenges. Many market economies offer safety net programs like unemployment insurance, food stamps, and public housing to assist individuals in need. The private sector also frequently offers philanthropic services and other kinds of assistance.
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The economic system that does not contain provisions for taking care of people in the event they are not able to take care of themselves is the market economy.
In a market economy, goods and services are allocated through the price system in a free market, where individuals and businesses are free to buy and sell goods and services without government interference. The primary goal of a market economy is to create incentives for individuals and businesses to produce goods and services in order to maximize their profits.
This means that there are no government-funded social programs to provide assistance to those who are unable to care for themselves. Instead, individuals and businesses must rely on their own resources and the voluntary exchange of goods and services within the market. This lack of government support can be a difficult situation for those who are unable to take care of themselves, as there may not be any resources available to them.
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Which command is used to draw visible line form invisible line mode *
in microsoft window logo
PD
PU
PE
None of these
Answers
In Microsoft window logo, the command which is used to draw visible line that forms an invisible line mode is: A. PD.
Microsoft window logo is a programming language that was designed and developed at the Massachusetts Institute of Technology (MIT) by George Mills, based on the educational programming language called Logo.
Some of the commands that are used on Microsoft window logo include the following:
FORWARD (fd)BACK (bk)HOMERIGHT (rt)Pendup (PU)Pendown (PD)In Microsoft window logo, the Pendown (PD) command is used to instruct the turtle to draw a visible line or leave ink (tracks) on the screen as it moves. Thus, it is a command which is used to draw visible line while forming an invisible line mode.
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You are going to interview for a position for which you have less experience and background than fellow candidates. You know, however, that you are the right person for the job. Which interview format would be the most appropriate for you to prove your worth?
Answers
Answer: Oral interview
Explanation:
One of the best ways to sell yourself or pitch before a council seated to examining job hunters is by oral interview. During an oral interview, candidates for the job are ask to sell themselves as regards why they think they are best fit for the job, in most cases the qualifications of the candidate plays little or no vital role when they can't defend what they have or can't sell themselves enough to be seen capable for the job.
1
3. A document that indicated items issued to different people from the
store is called
A store receipt voucher
B store issuing voucher
C. store requisition
D.bin card
E. goods received book
Answers
Answer:
E
Explanation:
Henry, a trainer at MyChem Inc., schedules training on handling hazardous chemicals for a group of newly hired employees. The training complies with OSHA regulations and is given to all employees upon hire along with periodic refreshers. The type of training described in this scenario is _____.
Answers
Answer:
Hazard Communication Standard (HCS) training program
Explanation:
The type of training described in this scenario is known as the Hazard Communication Standard (HCS) training program. This is a employee training program designed with the goal of explaining and reinforcing the written information regarding hazard labels and material safety data sheets, as well as how to behave around hazardous material and to apply this information to their workplace.
What are the economic goals of a ancient command economy?
Answers
These ancient command economies' main objective was to amass wealth and goods for the ruling class while maintaining stability in the economy. The numerous monuments that these societies have left behind serve as evidence of both their societies'.
Strong economy and the excesses of their kings. A command economy is designed to help the government achieve its economic objectives. These objectives may include maintaining full employment, limiting inflation, or fostering particular businesses. Thus, boosting economic output is not always the goal of goods command economy. Market economies often support economic liberty, effectiveness, and expansion (with full employment being a desirable side effect of these choices).
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If manufacturing overhead has been overallocated during the period, and most of the jobs produced have been sold, then a cost of goods sold should be increased. b.cost of goods sold should be decreased. c. finished goods inventory should be increased, d work in process inventory should be decreased,
Answers
Because manufacturing overhead is applied based on a preset overhead rate, there is a possibility that it will either be underapplied or overapplied. Manufacturing overhead is being overapplied if the account has a credit balance at the conclusion of the quarter.
How are manufacturing overhead expenses divided between the inventory of work-in-progress?A debit to the Manufacturing Overhead account is used to transfer manufacturing overhead expenses to the Work-in-Process Inventory account. Process costing is employed by accounting firms, construction companies, and healthcare organizations.
Each client is viewed as a task by a service provider, such as an accountancy firm. Actual overhead expenses exceeded those that were applied to jobs.
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