When an employer hires an employee to enter into contracts on its behalf, this is known as a(n) principal-agent relationship.
The term "principal-agent relationship" is used when an employer employs an individual, the agent, to carry out acts on behalf of the employer. In this case, the employer will usually delegate certain responsibilities to the agent, who will be allowed to sign and execute contracts and agreements on behalf of the employer. For instance, if an employer employed a lawyer to represent the company, the attorney would be considered an agent of the company and would be able to sign contracts on behalf of the company. Therefore, when an employer hires an employee to enter into contracts on its behalf, this is known as a principal-agent relationship. The employee is the agent, and the employer is the principal.
More about Principal Agent Relationship:
https://brainly.com/question/29898165
#SPJ11
what would you expect the market quantity supplied to be at a price of $24? the quantity supplied would be cakes per day. give your answer to the nearest whole number.
It is calculated that we can expect the market quantity of 148 cakes per day supplied to be at a price of $24.
The question provides us with a supply equation: Qs = 100 + 2P. This equation tells us how many cakes will be supplied at a given price. Specifically, it states that the quantity supplied (Qs) is equal to a base quantity of 100 cakes plus 2 times the price per cake (P). This implies that as the price of a cake increases, the quantity supplied will increase as well.
The question then asks us to find the market quantity supplied at a price of $24 per cake. To do this, we simply substitute P = $24 into the supply equation and solve for Qs:
Qs = 100 + 2($24) = 148
This tells us that at a price of $24 per cake, the market quantity supplied is expected to be 148 cakes per day (rounded to the nearest whole number).
Learn more about Market quantity :
https://brainly.com/question/24204774
#SPJ4
The complete question is :
In a certain market, the supply of cakes per day is determined by the following equation: Qs = 100 + 2P, where Qs is the quantity supplied in cakes per day and P is the price per cake in dollars. What would you expect the market quantity supplied to be at a price of $24 per cake? Give your answer to the nearest whole number.
assume the following: the standard labor rate per hour is $17.75. the standard labor-hours allowed per unit of finished goods is 3 hours. the actual quantity of labor hours worked during the period was 43,600 hours. the total actual direct labor cost for the period was $726,000. the company produced 15,000 units of finished goods during the period. what is the labor efficiency variance? multiple choice $24,850 f $24,850 u $47,900 u $47,900 f
If the company produced 15,000 units of finished goods during the period, the labor efficiency variance is $24,850 F (favorable). So, correct option is A.
The labor efficiency variance measures the difference between the actual labor hours worked and the standard labor hours allowed, multiplied by the standard labor rate per hour. It indicates how efficiently the company utilized its labor resources during the period.
To calculate the labor efficiency variance, we first need to determine the standard labor cost for the production of 15,000 units of finished goods. Since the standard labor-hours allowed per unit of finished goods is 3 hours, the total standard labor-hours allowed for the production of 15,000 units is 45,000 hours (15,000 x 3).
The standard labor cost for 45,000 hours at the standard labor rate of $17.75 per hour is $800,625 (45,000 x $17.75).
The actual direct labor cost for the period was $726,000, which means the company spent less than the standard labor cost for the actual labor hours worked. This results in a favorable labor rate variance.
The labor efficiency variance can be calculated as follows:
Labor Efficiency Variance = (Standard Labor Rate x (Standard Labor Hours - Actual Labor Hours)) = ($17.75 x (45,000 - 43,600)) = $24,850 F (favorable)
Therefore, Option A is the correct answer.
To learn more about labor rate click on,
https://brainly.com/question/22714275
#SPJ4
a persistent decline in the price level resulting from economic growth in the presence of stable aggregate demand is known as the interest rate effect. demand-side deflation. the real balance effect. secular deflation.
The term that is used to describe a persistent decline in the price level resulting from economic growth in the presence of stable aggregate demand is called secular deflation. The correct option is (d).
Secular deflation refers to a long-term decrease in the price level caused by an increase in the supply of goods and services relative to the demand for them. It is the opposite of secular inflation, which refers to a long-term increase in the price level. When an economy produces a larger amount of goods and services than it consumes, secular deflation occurs.
It is caused by factors such as technological advancements, an increase in productivity, and a decrease in production costs. The interest rate effect is the impact of changes in interest rates on the economy. It refers to how a change in the interest rate can impact the level of investment, consumption, and savings in an economy.
Demand-side deflation occurs when there is a decrease in aggregate demand, which leads to a decline in the price level. This type of deflation is caused by a decrease in consumer spending or investment. The real balance effect refers to the impact of changes in the price level on consumer spending.
It suggests that an increase in the price level leads to a decrease in consumer spending, while a decrease in the price level leads to an increase in consumer spending.
Therefore the correct option is D. Secular Defiation.
More about Secular Deflation:
https://brainly.com/question/15215653
#SPJ11
larkspur company had cost of goods sold of $2,300. if beginning inventory was $2,400 and ending inventory was $650, larkspur's purchases must have been:
larkspur company had cost of goods sold of $2,300. Therefore, Larkspur Company had purchases of $450.
Formula to calculate purchases: Purchases = Cost of goods sold + Ending inventory - Beginning inventory given that cost of goods sold was $2,300, beginning inventory was $2,400, and ending inventory was $650.Substitute the values in the formula: Purchases = $2,300 + $650 - $2,400= $450Therefore, Larkspur Company had purchases of $450.
Larkspur Company's purchases during the period can be calculated using the following formula:
Cost of Goods Sold (COGS) = Beginning Inventory + Purchases - Ending Inventory
Given the information, we can plug in the values:
$2,300 (COGS) = $2,400 (Beginning Inventory) + Purchases - $650 (Ending Inventory)
Now, we can solve for Purchases:
$2,300 = $2,400 + Purchases - $650
$2,300 + $650 - $2,400 = Purchases
$2,950 - $2,400 = Purchases
$550 = Purchases
So, Larkspur Company's purchases during the period were $550.
Learn more about Cost:
https://brainly.com/question/30045916
#SPJ11
which information is not contained in the prospectus of the registration statement? group of answer choices a listing of directors and executive officers. a description of the properties owned by the registrant. a description of the risks associated with the securities. a description of the business of the registrant. an explanation of the intended use of the proceeds.
A listing of directors and executive officers is not contained in the prospectus of the registration statement. Correct option is A.
The prospectus is an important legal document that is required by the Securities and Exchange Commission (SEC) for companies to provide to potential investors when registering to issue securities.
It contains essential information that helps investors make informed decisions before investing their money. The prospectus typically includes details about the issuer, the securities being offered, the risks associated with the securities, the intended use of the proceeds, and other material information.
Out of the options provided, all of the information listed are typically included in the prospectus, except for option A, which is not required to be included.
While a prospectus may contain information about the directors and executive officers, this information is usually included in a separate document known as the Form 8-K, which is filed with the SEC and made available to the public.
However, if the directors and executive officers have a material relationship with the issuer, this information may be included in the prospectus to provide a more complete picture of the offering.
Therefore, Correct option is A.
To learn more about prospectus click on,
https://brainly.com/question/17164575
#SPJ4
the performance obligation is to provide goods or services to customers. a.principal's b.agent's c.contract d.franchisor
The performance obligation refers to the promise made by a company to provide goods or services to its customers as part of a contractual agreement. So, correct option is C.
This promise creates an obligation on the part of the company to deliver the goods or services in exchange for consideration, which may take the form of payment or other forms of value.
The distinction between a principal and an agent is relevant to the accounting treatment of performance obligations. A principal is a company that controls the goods or services being provided to the customer, and assumes the risks and rewards associated with the transaction.
An agent, on the other hand, acts on behalf of the principal and does not control the goods or services being provided.
In the case of a franchise agreement, the franchisor is typically the principal, as they control the goods or services being provided by the franchisee to the customer. The franchisee, in this case, is acting as an agent, as they are providing the goods or services on behalf of the franchisor.
In conclusion, the performance obligation is a fundamental concept in accounting, which refers to the promise made by a company to provide goods or services to its customers.
The distinction between a principal and an agent is important in determining the accounting treatment of performance obligations, and in the case of a franchise agreement, the franchisor is typically the principal.
Therefore, correct option is C.
To learn more about service click on,
https://brainly.com/question/29559147
#SPJ4
during the accounting period, ourso recorded $11,600 of sales revenue on account. the company also wrote off a $145 account receivable. required: determine the amount of cash collected from receivables. determine the amount of uncollectible accounts expense recognized during the period.
The amount of cash from receivables is $10,298.
The amount of uncollectible account expense recognized is $174.
Account receivable refers to the amount of cash or money that
a customer owes to the company for the goods or services they have received that are yet to be paid off.
Given, Ending balance Beginning balance
Accounts Receivable = $2692 $3849
Allowance for doubtful accounts = $139 $168
So,
the amount of cash collected from receivables is
Beginning receivable balance = $2692
Add: sales revenue on account = $ 11,600
Less: write off = $145
Less: ending receivable balance = $3849
therefore, cash collected from receivables is
= 2692 + 11600 - 145 - 3849
= $10,298
The amount of cash from receivables is $10,298.
now,
the amount of uncollected accounts expense recognized during the period is,
Ending balance of in allowance for doubtful accounts = $168
Add: write off = $145
Less: beginning balance of in allowance for doubtful accounts = $139
therefore, uncollectible account expense is
= 168 + 145 - 139
= $174
The amount of uncollectible account expense recognized is $174.
To learn more about Account receivable,
https://brainly.com/question/24871345
#SPJ4
The complete question is
The following account balances come from the records of Ourso Company:
Accounts Receivable = $2692 $3849
Allowance for doubtful accounts = $139 $168
During the accounting period. Ourso recorded $11,050 of sales revenue on account. The company also wrote off a $191 account receivable.
a. Determine the amount of cash collected from receivables.
b. Determine the amount of uncollectible accounts expense recognized during the period.
what is a feature of hierarchical cultures? multiple choice people tend to distribute and share power evenly. leaders expect employees to comply with their decisions because of their authority. subordinates do not take responsibility for the mistakes of leaders. salary ranges between the top and the bottom of an organization are quite narrow. people of all ranks are encouraged to voice their opinions openly.
The feature of hierarchical cultures is that leaders expect employees to comply with their decisions because of their authority. This statement is true of hierarchical cultures.
What are hierarchical cultures? Hierarchical cultures are a kind of culture that is governed by a clearly defined power structure. Leaders are always at the top, with subordinates coming below them. Hierarchical cultures frequently have strict procedures and regulations that must be followed, as well as a chain of command that must be respected in order to maintain order and performance. A key feature of hierarchical cultures is that leaders expect employees to comply with their decisions because of their authority.
In these organizations, the power dynamic is clearly defined, with leaders being responsible for making the majority of the decisions.
Read more about hierarchical cultures here:https://brainly.com/question/14481706
#SPJ11
a client maintains perpetual inventory records in both quantites and dollars. if the assessed level of control risk is high, an suditor would probably
A client maintains perpetual inventory records in both quantites and dollars. if the assessed level of control risk is high, an suditor would probably Request the client to schedule the physical inventory count at the end of the year.
A perpetual inventory system, as opposed to a physical inventory, is a program that constantly assesses your inventory based on your electronic data. This approach begins with a physical count as the baseline and changes based on receipt of purchases and shipment of goods.
Because perpetual inventory systems provide real-time tracking of sales and inventory levels for specific goods and assist to minimize stockouts, they may be preferable than outdated periodic inventory systems.
Learn more about perpetual inventory system
https://brainly.com/question/15109233
#SPJ4
provide one specific example of how you achieved the weekly objectives. what knowledge do you still need to demonstrate competency in the weekly concepts? what skills do you need to continue developing to apply these concepts?
I achieved the weekly objective of understanding the importance of nursing theories in guiding advanced nursing practice by reading and analyzing various nursing theories.
To demonstrate competency in the weekly concepts, I still need to showcase my ability to apply the nursing theories in real-life clinical scenarios and identify how they inform decision-making and patient outcomes.
To apply these concepts, I need to continue developing my critical thinking skills and ability to integrate nursing theories into practice, as well as my communication skills to effectively articulate the value of nursing theory in interdisciplinary teams.
To further demonstrate competency in the weekly concepts, I plan to seek out opportunities to apply nursing theories in real-life clinical settings, such as identifying how Benner's theory can guide decision-making in a patient care scenario. I also plan to read more extensively about other nursing theories and their application to advanced nursing practice.
In terms of skills development, I recognize the need to continue developing my critical thinking skills to apply nursing theories in practice and my communication skills to effectively collaborate with interdisciplinary teams. I also plan to work on my research skills to find evidence-based literature on nursing theories and their application in advanced nursing practice.
This question related to "Theoretical Basis For Advanced Nursing Practice (NR-501)".
Learn more about nursing theories https://brainly.com/question/28790302
#SPJ11
a type of medium-term trade financing used to finance the sale of capital goods in which the sale of promissory notes are bought at a discount from face value without recourse against the exporter in the event of default by the importer is
The type of medium-term trade financing being described here is called forfaiting.
Forfaiting is a financing method commonly used in international trade transactions to provide working capital to exporters who sell capital goods to importers. In a forfaiting transaction, the exporter sells its receivables (promissory notes or bills of exchange) at a discount to a forfaiting institution. The forfaiting institution then assumes the credit risk associated with the transaction, thereby providing the exporter with immediate cash flow. The importer is not involved in the forfaiting transaction, and the forfaiting institution does not have recourse against the exporter in the event of default by the importer. Forfaiting is a useful financing tool for exporters who need to receive payment for their goods quickly and who want to transfer the credit risk to a third party.
To know more about financing click here
brainly.com/question/10024737
#SPJ4
under current gaap, using the acquisition method for a business combination, goodwill is generally defined as: group of answer choices cost of the investment less the subsidiary's book value at the beginning of the year. cost of the investment less the subsidiary's book value at the acquisition date. cost of the investment less the subsidiary's fair value at the beginning of the year. cost of the investment less the subsidiary's fair value at acquisition date.
Under current GAAP and the acquisition method, goodwill is generally defined as the cost of the investment less the subsidiary's fair value at the acquisition date. So, correct option is D.
The acquisition method is the most common approach used to account for business combinations. Under this method, the acquirer recognizes the assets and liabilities acquired at their fair values at the acquisition date, including any goodwill.
Goodwill is an intangible asset that represents the excess of the cost of an acquisition over the fair value of the net assets acquired. It reflects the value of the acquired business as a whole, including its brand name, customer relationships, and other intangible assets that are not separately identifiable.
Therefore, under the acquisition method and current GAAP, goodwill is calculated as the difference between the cost of the investment and the fair value of the net assets acquired at the acquisition date.
This calculation is important because it helps the acquirer to allocate the purchase price of the acquired business to the assets and liabilities acquired, including goodwill.
Therefore, correct option is D.
To learn more about investment click on,
https://brainly.com/question/13166048
#SPJ4
is an operational requirement of a global information system (gis) that includes accounting and financial data, manufacturing updates, inventory, and so forth. a. communication between headquarters and subsidiaries b. consolidated global reporting c. strategic planning support d. global data access
B)Communication between headquarters and subsidiaries is an operational requirement of a global information system (GIS) that includes accounting and financial data, manufacturing updates, inventory, and so forth.
A global information system (GIS) is a computer system that generates, manages, analyses, and maps all types of data. GIS connects data to a map by combining location data with various types of descriptive data. This contributes to a foundation for mapping and analysis that is used in science and nearly every industry.
Users can use GIS to understand patterns, associations, and geographic context. The advantages include improved communication and efficiency, as well as improved management and decision making.
An organization's information system can be defined as a system that provides information within the organization when and where it is needed at some managerial level.
An information system is a collection of people, processes, and resources that work together to meet an organization's information processing needs.
To know more about GIS:
https://brainly.com/question/13736131
#SPJ4
Correct question:
__________is an operational requirement of a global information system (GIS) that includes accounting and financial data, manufacturing updates, inventory, and so forth.
A) Consolidated global reporting
B) Communication between headquarters and subsidiaries
C) Global data access
D) Strategic planning support
if you work for a financial services organization such as a bank or credit union, which 1999 law affects your use of customer data? what other effects does it have? previousnext
The GLBA, financial institutions must be transparent about their data collection and use practices and provide customers with the necessary tools and resources to protect their personal information.
If you work for a financial services organization such as a bank or credit union, the 1999 law that affects your use of customer data is the Gramm-Leach-Bliley Act (GLBA).The GLBA, also known as the Financial Services Modernization Act, was enacted to modernize the financial services industry and establish new security protocols to safeguard personal data. The law requires financial institutions to provide customers with written privacy notices and explain how their information will be used and shared.
The law also requires financial institutions to implement reasonable security measures to protect customers' personal information from unauthorized access or use. These measures must include employee training, physical security, and technological safeguards. Additionally, the GLBA establishes a regulatory framework for overseeing the financial services industry, including the Federal Reserve System, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation. These agencies are responsible for enforcing GLBA compliance and ensuring that financial institutions protect their customers' personal information.
For more such questions on financial
https://brainly.com/question/989344
#SPJ11
the conner company's august 31 pre-reconciliation cash balance on its books was $93,500. as of august 31, outstanding checks total $45,400 and deposits in transit total $30,700. assuming there are no other reconciling items, what was the august 31 cash balance on conner's bank statement?
The correct answer is option A. $104,600. The August 31 cash balance on Conner's bank statement is calculated by adding deposits in transit to the pre-reconciliation cash balance on its books and then subtracting outstanding checks.
Thus, the August 31 cash balance on Conner's bank statement is $104,600 ($90,500 + $30,100 - $44,200).
The purpose of performing bank reconciliation is to ensure that the cash balance on the company's books is accurately stated. This process involves a comparison between the balance of the company's cash account according to its internal records and the balance of the company's cash account according to the bank statement.
Any differences between the two balances are identified and adjusted. In this case, the pre-reconciliation cash balance on Conner's books is $90,500, outstanding checks total $44,200 and deposits in transit total $30,100.
Therefore, the cash balance on Conner's bank statement as of August 31 is $104,600.
To learn more about outstanding checks visit:
https://brainly.com/question/1442615
#SPJ4
you have just finished analyzing data for a marketing project. before moving forward, you share your results with members of the marketing team to see if they might have additional insights into the business problem. what process does this support? 1 point data-driven decision-making data science data analytics data management
This process supports data-driven decision-making. Option a is correct.
Data-driven decision-making is a process of making business decisions based on data analysis rather than intuition or personal opinion. It involves collecting and analyzing relevant data to identify trends, patterns, and insights that can inform business decisions. By using data to guide decision-making, businesses can reduce the risk of making costly mistakes and increase the likelihood of success.
It can also help businesses to identify new opportunities, optimize operations, and improve customer satisfaction. Effective data-driven decision-making requires a combination of analytical skills, technical expertise, and business acumen, as well as a willingness to be open-minded and flexible in the face of new information. Hence, option a is correct choice.
To know more about data, here
https:/brainly.com/question/31193100
#SPJ4
a well-established pharmaceutical company has built a number of mechanisms to promote innovation. as part of this initiative, it provided an opportunity to its employees to work on projects that interest them. it also arranged for a weekly brainstorming session to gather and consolidate innovative ideas and approaches. this is an example of .
This scenerio describes an example of a proactive approach to encourage innovative thinking within the organization.
A pharmaceutical company is an organization or a business that is involved in the research, development, production, and distribution of medicinal drugs or pharmaceuticals. These companies are engaged in the manufacturing, testing, and marketing of drugs used to treat or prevent diseases, medical conditions, or other health problems. The pharmaceutical industry is a crucial component of the healthcare sector, as it plays a significant role in the discovery and development of new drugs and treatments for various ailments.
You can learn more about proactive approach at
https://brainly.com/question/31165194
#SPJ11
you plan to deposit $4,900 at the end of each of the next 20 years into an account paying 10.3 percent interest. a. how much money will you have in the account in 20 years? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. how much will you have if you make deposits for 40 years? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
As a result, the account will have $7,630,618.81 in total after the conclusion of 40 years.
To get the total amount of money in the account at the conclusion of the 20-year and 40-year periods, we may apply the formula for the future value of an annuity:
FV = PMT x (((1 + r)^n) - 1) / r
where:
PMT = the periodic payment (deposit amount)
r = the interest rate per period
n = the number of periods
a. For the 20-year period, PMT = $4,900, r = 10.3% / 12 = 0.85833% per month, and n = 20 x 12 = 240 months. Substituting these values into the formula, we get:
FV = $4,900 x (((1 + 0.0085833)^240) - 1) / 0.0085833
= $4,900 x 261.1223
= $1,278,098.47
Therefore, the total amount of money in the account at the end of 20 years will be $1,278,098.47.
b. For the 40-year period, PMT = $4,900, r = 10.3% / 12 = 0.85833% per month, and n = 40 x 12 = 480 months. Substituting these values into the formula, we get:
FV = $4,900 x (((1 + 0.0085833)^480) - 1) / 0.0085833
= $4,900 x 1,557.9673
= $7,630,618.81
Learn more about account Visit: brainly.com/question/24751568
#SPJ4
rovinsky corporation, a company that produces and sells a single product, has provided its contribution format income statement for november. sales (6,600 units) $ 455,400 variable expenses 323,400 contribution margin 132,000 fixed expenses 103,500 net operating income $ 28,500 if the company sells 6,500 units, its net operating income should be closest to: (do not round intermediate calculations.)
If the company sells 6,500 units, its net operating income should be closest to $24,550.
Using the contribution margin approach, we can find the expected net operating income as follows:
Contribution margin per unit = (Sales - Variable expenses) / Units sold
Contribution margin per unit = ($455,400 - $323,400) / 6,600
Contribution margin per unit = $19.70
Total contribution margin at 6,500 units = 6,500 units × $19.70 = $128,050
Expected net operating income = Total contribution margin - Fixed expenses
Expected net operating income = $128,050 - $103,500 = $24,550
Therefore, if the company sells 6,500 units, its net operating income should be closest to $24,550.
To learn more about contribution refer to:
brainly.com/question/10410785
#SPJ4
You have been offered an insurance settlement that provides for annual payments of $29,000, $42,000, and $53,000 over the next three years, respectively. the first payment will be made one year from today. if you would rather receive a lump sum settlement today, what is the minimum amount you should accept? assume your discount rate is 8.7 percent.
The minimum amount which should be accepted as a lump sum settlement today is $102,600 (round off)
Calculate the present value of the $29,000 initial payment that will be made in a year. Make use of the equation: PV = FV / (1 + r)n, where PV is the present value, FV is the future value (8.7% in this case), and r is the discount rate. In this situation, the future value is $29,000. (in this case, 1). [tex]PV = 29,000 / (1 + 0.087)^1, PV = 26,688.93[/tex] Calculate the present value of the $42,000 second payment that will be made in two years. utilize the same formula, but with n being 2: [tex]PV = 42,000 / (1 + 0.087)^2, PV = 34,044.20[/tex], Calculate the current value of the third $53,000 payment, which is due in three years. Use the same formula once more, but with n equal to 3 instead: [tex]PV = 53,000 / (1 + 0.087)^3, PV = 41,865.68[/tex] To determine the total present value, add the three installments' present values together: Total PV is equal to 26,688.93, 34.044.20, and 41.865.68. PV overall is 102,598.81, Today, you may accept a lump sum payment of no less than $102,598.81.
To learn more about lump sum refer here:
https://brainly.com/question/31067417
#SPJ1
if wilmington used a plantwide predetermined overhead rate based on direct labor-hours, how much manufacturing overhead would be applied to job bravo? 2. if wilmington uses departmental predetermined overhead rates with direct labor-hours as the allocation base in assembly and machine-hours as the allocation base in fabrication, how much manufacturing overhead would be applied to job bravo?
If Wilmington used a plantwide predetermined overhead rate based on direct labor-hours, the amount of manufacturing overhead applied to job Bravo would be $34,000.
Wilmington has 800 direct labor hours and the predetermined overhead rate is $42.50 per direct labor hour.
To calculate the manufacturing overhead applied to job Bravo, you would multiply the number of direct labor hours for job Bravo (200) by the predetermined overhead rate ($42.50):200 direct labor hours × $42.50 per direct labor hour = $8,500 manufacturing overhead applied to job Bravo If Wilmington uses departmental predetermined overhead rates with direct labor-hours as the allocation base in assembly and machine-hours as the allocation base in fabrication, the amount of manufacturing overhead applied to job Bravo would be $37,400.
Job Bravo has 200 direct labor hours in the assembly department and 400 machine hours in the fabrication department. Assembly department: predetermined overhead rate of $35 per direct labor hour200 direct labor hours × $35 per direct labor hour = $7,000 manufacturing overhead applied Fabrication department: predetermined overhead rate of $30 per machine hour400 machine hours × $30 per machine hour = $12,000 manufacturing overhead applied Total manufacturing overhead applied to job Bravo = $7,000 + $12,000 = $19,000
Note that this method results in a higher amount of manufacturing overhead applied to job Bravo compared to the plantwide predetermined overhead rate.
To know more about manufacturing overhead refer here:
https://brainly.com/question/17052484#
#SPJ11
many economists warn that our current economic situation can lead to stagflation, which was last experienced by the us economy in the 1970's. what is stagflation?
Stagflation is an economic situation characterized by a combination of stagnant economic growth, high unemployment, and high inflation. It is a challenging scenario for economists to address, as the traditional policy tools to combat inflation may worsen unemployment and vice versa. The US economy experienced stagflation in the 1970s, and some economists warn of the potential for its reoccurrence in the current economic situation.
Stagflation is a condition in which there is a high rate of inflation, a slow rate of economic growth, and a high rate of unemployment. It is a combination of economic stagnation and inflation. The economy experiences an increase in prices while the demand for goods and services is low, which results in a decrease in production, low employment rates, and a decrease in consumer spending. During the 1970s, the United States experienced a significant period of stagflation.
Learn more about Inflation:
https://brainly.com/question/30112292
#SPJ11
expansionary monetary policy results in which of the following in the short run? i. the money supply increases. ii. the nominal interest rate decreases. iii. the real interest rate decreases. iv. bond prices decrease. expansionary monetary policy results in which of the following in the short run? i. the money supply increases. ii. the nominal interest rate decreases. iii. the real interest rate decreases. iv. bond prices decrease. i, ii and iii only iv only iii and iv only i, ii and iv only i and ii only
Expansionary monetary policy aims to increase the money supply in an economy, which can have several short-run effects. Firstly, an increase in the money supply (i.e., monetary base) will increase the supply of loanable funds, leading to a decrease in nominal interest rates (ii).The decrease in nominal interest rates will also lead to a decrease in the real interest rate (iii),
which is the nominal interest rate adjusted for inflation. However, the increase in the money supply can also lead to inflationary pressure, leading to a decrease in bond prices (iv). Therefore, i, ii, and iii are the correct options that show the short-run effects of expansionary monetary policy.
Learn more about Expansionary monetary policy,
https://brainly.com/question/28038989
#SPJ4
stacey and her husband david have a joint savings account that earns 4.86% interest payable continuously and has a current balance of $58458. each year, david wishes to withdraw $4000 payable continuously at a level rate. stacey wishes to deposit $ x at the beginning of each year for 30 years so that the account will last for 30 years. what is the least $x that will work?
To determine the least value of x that will work for Stacey's deposit, we can use the formula for the future value of an annuity : the least value of x that will work for Stacey's deposit is approximately $2,320 per year.
[tex]FV = P * ((1 + r)^n - 1) / r[/tex] where FV is the future value of the annuity, P is the periodic payment, r is the interest rate per period, and n is the number of periods.In this case, Stacey wishes to deposit x at the beginning of each year for 30 years. David will withdraw $4,000 at the end of each year, leaving the balance to earn continuous interest. The interest rate is 4.86% per year, compounded continuously.Let P be the periodic payment that Stacey needs to make so that the account lasts for 30 years. The initial balance in the account is $58,458. David will withdraw a total of $4,000 x 30 = $120,000 over the 30-year period. Therefore, the future value of the account after 30 years must be at least $58,458 + $120,000 = $178,458.
Using the formula for the future value of an annuity, we can write:
[tex]FV = P * ((1 + 0.0486)^30 - 1) / 0.0486[/tex]
Solving for P, we get:
[tex]P = FV * r / ((1 + r)^n - 1)[/tex]
where r = 0.0486 and n = 30.
Substituting FV = $178,458, r = 0.0486, and n = 30, we get:
[tex]P = $178,458 * 0.0486 / ((1 + 0.0486)^30 - 1) ≈ $2,320[/tex]
Therefore, the least value of x that will work for Stacey's deposit is approximately $2,320 per year.
To learn more about Stacey's click the link below:
brainly.com/question/15633224
#SPJ1
assume able owns a residence which he sells to bob who does not record but who lives openly on the property. able then fraudulently sells the very same property to charlie, who records. as between bob and charlie who would the courts find is the real owner of the property? group of answer choices a) bob would win because whoever buys property first always wins as they acquire title to the property. b) bob would win because able committed fraud. c) bob would win because living openly on the property prevents charlie from being a bona fide purchaser for value (bfp). d) charlie would win because he was a bona fide purchaser for value and the first to record.
Bob would prevail as Charlie cannot be a legitimate purchase for value while he is living openly on the property.
Purchase ,On the whole The term "purchase" refers to any acquisition of stock, but only if— I the adjusted basis of the stock in the hands of the person from whom it was bought is not used to determine the basis of the stock in the hands of the purchasing corporation in whole or in part, A person's right to possess property is known as their right of possession. A person who currently has possession of something in their hands or under their control has the right to keep it; conversely, another person who asserts superior title or a right to custody of the property may also have this right. Even while the circumstances weren't quite the same, they raised some similar warning signs. Red signals that could be helpful.
Learn more about legitimate purchase from
https://brainly.com/question/29997896
#SPJ4
grecian tile manufacturing of athens, georgia, borrows $1,500,000 at libor plus a lending margin of 1.41 percent per annum on a six-month rollover basis from a london bank. if six-month libor is 5.30 percent over the first six-month interval and 5.455 percent over the second six-month interval, how much will grecian tile pay in interest over the first year of its eurodollar loan? (do not round intermediate calculations. round your answer to 2 decimal places.)
In the first year of its Eurodollar loan, Grecian Tile Manufacturing will pay a total of $101,812.50 in interest.
Grecian Tile Manufacturing borrows $1,500,000 at LIBOR plus a lending margin of 1.41 percent per annum on a six-month rollover basis from a London bank. This means that the interest rate on the loan will be adjusted every six months based on the six-month LIBOR rate plus the lending margin of 1.41 percent.
Over the first six-month interval, the six-month LIBOR rate is 5.30 percent. Adding the lending margin of 1.41 percent gives us an interest rate of 6.71 percent for the first six months. The interest paid over this period would be $1,500,000 × (6.71 / 100) × (6 / 12)
= $50,325.
Over the second six-month interval, the six-month LIBOR rate is 5.455 percent. Adding the lending margin of 1.41 percent gives us an interest rate of 6.865 percent for the second six months. The interest paid over this period would be $1,500,000 × (6.865 / 100) × (6 / 12)
= $51,487.50.
Therefore, over the first year of its Eurodollar loan, Grecian Tile Manufacturing will pay a total of $50,325 + $51,487.50 = $101,812.50 in interest.
To learn more about interest
https://brainly.com/question/30393144
#SPJ4
construct an organizational chart using the following information
Jameson company Ltd is a private limited company. Robert Jameson, who established the company 15 years ago, serves as its managing director. His wife Libby Jameson functions as his secretary .the company is divided into four departments. The head of each department reports directly to Robert. The marketing department is managed by his son Terrance ,the Personnel department is managed by his daughter-in-law Christine, the Finance Department is managed by his daughter Shian, and the production department is managed by his eldest son Joshua. Each department has four employees who report directly to the department managers.
Answer:
Role Name Department
Managing Director Robert Jameson N/A
Secretary Libby Jameson N/A
Marketing Manager Terrance Jameson Marketing
Personnel Manager Christine Jameson Personnel
Finance Manager Shian Jameson Finance
Production Manager Joshua Jameson Production
Marketing Staff 4 employees Marketing
Personnel Staff 4 employees Personnel
Finance Staff 4 employees Finance
Production Staff 4 employees Production
Explanation:
describe the different purposes of the fund-based and government-wide financial statements of a state or local government and the primary differences between the fund-based and government-wide operating statements.
The fund-based financial statements track financial activities of specific funds while the government-wide financial statements provide an overview of the government's financial activities as a whole.
The fund-based financial statements of a state or local government are used to track the financial activities of specific funds, such as the general fund, special revenue funds, and capital project funds. These statements are prepared on a fund-by-fund basis and provide detailed information on the inflows and outflows of financial resources within each fund.
On the other hand, the government-wide financial statements provide an overview of the state or local government's financial activities as a whole. These statements consolidate the financial information from all funds and present the government's financial position and performance on an entity-wide basis.
Learn more about fund-based financial statements here
brainly.com/question/14055855
#SPJ4
when shareholder-managers pay themselves excessively high salaries or have the corporation pay their personal credit card bills, this is an example of .
This is an example of misuse of company funds by shareholder-managers, as they are paying themselves excessively high salaries or using the corporation's money to cover their personal credit card bills.
When shareholder-managers pay themselves excessively high salaries or have the corporation pay their personal credit card bills, this is an example of self-dealing. What is self-dealing? Self-dealing refers to a circumstance in which a person in a position of responsibility in an organization, such as an officer, director, or manager, has a conflict of interest and engages in actions that benefit themselves or their associates at the expense of the corporation or entity.
Self-dealing might include excessive pay, gifts, advantages, or privileges to a shareholder-manager or a connected entity. Self-dealing might also involve utilizing business assets, such as a company credit card, for personal gain.
Learn more about Managers:
brainly.com/question/29023210
#SPJ11
which of the following is true about trade restrictions? a. imposing tariffs to help save domestic jobs hurt by outsourcing will generally increase the consumer, producer and total surplus of the country that imposes tariffs. b. imposing tariffs to help save domestic jobs hurt by outsourcing will generally increase the producer surplus of the country that imposes tariffs. c. imposing tariffs to help save domestic jobs hurt by outsourcing will generally increase the total surplus of the country that imposes tariffs. d. imposing tariffs to help save domestic jobs hurt by outsourcing will generally increase the consumer surplus of the country that imposes tariffs.
Imposing tariffs to help save domestic jobs hurt by outsourcing will generally increase the consumer surplus of the country that imposes tariffs is true about trade restrictions. The answer is OPTION D
A trade restriction is a stifling of trade in products and/or services between two or more countries. It is a result of xenophobia. Trade barriers are frequently erected to safeguard domestic industries and workers.
This is known as protectionist. Tariffs, quotas, and embargoes, for example, make foreign products more expensive and scarce. Trade restrictions are usually imposed in order to safeguard domestic companies and workers from foreign competition. A protectionist strategy restricts the importation of goods and services manufactured in other nations. The answer is OPTION D
To learn more about products, click here.
https://brainly.com/question/22852400
#SPJ4