The indirect labour cost is shown when labour expenditures are applied to the manufacturing overhead account.
What are the types of overheads?
Overhead expenses include things like accounting fees, advertising, insurance, interest, legal charges, labor costs, rent, maintenance, supplies, taxes, phone bills, travel expenses, and utilities.
Business overheads may be divided into two categories:
administrative and manufacturing.Thus in the above statement, when labour costs are added to the manufacturing cost it gives rise to indirect cost
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You'll rely very heavily on _____ in the analyze stage, which distinguishes six sigma from other quality programs
You'll rely very heavily on statistical analysis in the analyze stage, which distinguishes six sigma from other quality program.
What is statistical analysis?Statistical analysis can be defined as the process in which data or information are collected, evaluated and analyze so as to effectively discover patterns as well as trend.
Statistical analysis play a major role as they help to interpret data.
Therefore You'll rely very heavily on statistical analysis .
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Suppose a manufacturer produces soccer balls and footballs. If the cost of producing a soccer ball decreases, the opportunity cost of producing:
Suppose a manufacturer produces soccer balls and footballs. If the cost of producing a soccer ball decreases, the opportunity cost of producing increase
What is opportunity cost?Opportunity Cost of a product is the amount of money or benefits that is lost when a particular products is not used again.
The product is left for another alternative that is better.
Therefore, Suppose a manufacturer produces soccer balls and footballs. If the cost of producing a soccer ball decreases, the opportunity cost of producing increase
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A bank receives a demand deposit of $10,000. The bank is now in a position to extend additional loans of $8,000. What is the legal reserve requirement
If the bank is now in a position to extend additional loans of $8,000. The legal reserve requirement is: 20 percent.
Legal reserve requirementUsing this formula
Legal reserve requirement=( Demand deposit -Additional loans/Demand deposit
Let plug in the formula
legal reserve requirement=($10,000-$8,000)/$10,000
Legal reserve requirement=$2,000/$10,000×100
legal reserve requirement=20%
Therefore the legal reserve requirement is: 20 percent.
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What is one of the main reasons why businesses need to keep accurate accounting records?.
Businesses need to keep accurate accounting records so as to know if they are acheiving their financial goals.
What are Accounting records?Accounting records can be regarded as those documentation that help to display the financial performance of a company.
Therefore, it is easy to keep track of ones goals financially with Accounting records.
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Managing a small business became relatively easy with the advent of inexpensive personal computers. Inexpensive computer systems and off-the-shelf or even free, open-source software make it easy for the small business manager to: Multiple select question. lengthen their daily working hours follow the daily sales and expenses travel to other area businesses manage customer records
The inexpensive computer systems helps the business manager to follow the daily sales and expenses and manage customer records.
What is a computer system?The compilation of pieces of hardware and softwares by connecting them together to create a network of computer in order to perform certain functions is known as a computer system.
Hence, options B and D hold true regarding computer system.
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Suppose a state passes a minimum wage law that increases the minimum wage from $5/hour to $20/hour. The equilibrium wage prior to the minimum wage hike was $10/hour. Which is likely to result from increasing the minimum wage
As a result of the minimum wage hike to $20/hour, Some employers and workers will agree on a wage less than $20 and not report the wages to the government.
What happens when the minimum wage is higher than the equilibrium wage?Employers would employ less people because they would be unable to pay the minimum wage demanded by the government.
In order to keep their jobs, some employees will make a deal with employers to pay them less than the minimum wage.
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Based on this scenario,Do you want to change any of your business strategy.
Answer:
Yes , You can change your location.
Your friend is developing a marketing plan for her new business. What should she put in this plan?
My friend's marketing plan should be:
Where she wants to sell her product.Description of the people in her target market.What is marketing plan?These are plans a business devise to sell or advertise its products. The purpose of the plan is to help identify the target market and how best to reach them.
Hence, she should put in these her plan; where she wants to sell her product and a description of the people in her target market.
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Innitrobe is ramping up to begin an erp implementation. to promote its success, innitrobe seeks project oversight and verification and validation of system performance from _____.
In this case, Innitrobe seeks project oversight, verification and validation of system performance from an experienced and independent resource.
What is a system performance?Also known as business performance, its refers to a company's ability to make the best use of the resources it manages in its business activities.
Here, as Innitrobe is ramping up to begin an ERP implementation to promote its business success, its seeks such performance from an experienced and independent resource.
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Oriental Corporation has gathered the following data on a proposed investment project (Ignore income taxes.): Investment in depreciable equipment $ 200,000 Annual net cash flows $ 50,000 Life of the equipment 10 years Salvage value $ 0 Discount rate 10% The company uses straight-line depreciation on all equipment. Assume cash flows occur uniformly throughout a year except for the initial investment. The payback period for the investment would be: Multiple Choice 0.25 years 2.41 years 4 years 10 years
The payback period for the investment made by Oriental Corporation would be C. 4 years.
What is the payback period?The payback period is a capital budgeting tool that considers the length of time it takes to recover the investment cost using periodic cash inflows.
The technique shows the length of time an investment reaches a breakeven point (equal costs with equal cash inflows).
Data and Calculations:Investment cash = $200,000
Annual net cash flows = $50,000
Life span = 10 years
Salvage value = $0
Discount rate = 10%
Payback period = 4 years ($200,000/$50,000)
Thus, the payback period for the investment made by Oriental Corporation would be C. 4 years.
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Your task is to take this and construct a graphical representation of the data. In doing so, you determine that as the price of soda rises, the quantity of soda supplied increases. This confirms the .
Your task on constructing the supply and price of soda confirms the Law of Demand.
What does the law of demand state?The law of demand posits that for normal goods, the quantity demanded will decrease if the price increases. And vice versa.
This was why the quantity demanded for soda decreased as the prices increased.
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Logan's Roadhouse has become popular with a variety of people. It recently identified a primary customer segment in Millennials. To win over this demographic group, traditional media is less authentic in the perception of Millennials; therefore, Logan's Roadhouse does not use traditional media, and its marketing and promotion focus on maintaining a large online and social media presence. Here Logan's is likely to use _______.
If he does not use traditional media. Here Logan's is likely to use concentrated targeting.
What is concentrated targeting?Concentrated targeting can be defined as a marketing strategy in which a sales promotion or brand promotion is targeted, concentrated or focus at a specific audience.
Most companies business owner tend to make use of concentrated targeting so as to cost effectiveness.
Therefore Logan's is likely to use concentrated targeting.
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Diners are served in a process with two resources. The first resource has a capacity of 1.1 diners per hour. The capacity of the second resource is 1.5 diners per hour. Demand for this process is 0.9 diners per hour.Instruction: Round your answer to three decimal places. What is the cycle time of this process (in minutes)
The cycle time of this process for the firm is 2.89.
What is a Cycle Time?This refers to the average time between the start of production of one unit and the start of production of the next unit of production
Cycle Time = Net time available to work / Customer demand
Cycle Time = 1.1 + 1.5 / 0.9
Cycle Time = 2.88888888889
Cycle Time = 2.89.
Therefore, the cycle time of this process for the firm is 2.89.
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If a client has lump sum amounts at his or her disposal, or is ready to pay into a savings plan to accumulate that lump sum, an agent would recommend _________ annuity.
When client has lump sum amounts at his or her disposal, or is ready to pay into a savings plan to accumulate that lump sum, an agent would recommend variable annuity.
What is a variable annuity?It should be noted that a variable annuity simply means a contract between an individual and an insurance company where the insurer makes periodic payments.
In this case, when client has lump sum amounts at his or her disposal, or is ready to pay into a savings plan to accumulate that lump sum, an agent would recommend variable annuity.
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Credit unions are: Group of answer choices member-owned financial cooperatives. mortgage lenders. available to the general public. special commercial lenders. large institutions when compared with commercial banks.
Credit unions are naturally A. member-owned financial cooperatives, and not mortgage lenders, special commercial lenders, or large institutions comparable with commercial banks.
How are credit unions different from other financial institutions?Unlike other financial institutions, credit unions operate as non-profit financial institutions with low-interest rates.
Other financial institutions include:
Central banks (e.g. the Federal Reserve)Retail and commercial banksInternet banksMortgage banksSavings, and loans.Thus, Credit unions are naturally A. member-owned financial cooperatives.
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How should the government respond to housing prices going up?
explain why this policy would be the best solution using sowell's three questions.
why is your proposed solution the best response to this issue?
what is the cost of your proposed solution?
is there evidence (statistics or statements from experts) from a credible source that shows your proposed solution would work?
Th way Government can help to curb the rising of the housing prices is to provide subsidy to some of the households, especially those with low-income.
What is subsidy?A subsidy serves as an aid from the government that help to relieve people in one way or the other.
Conclusively, with this subsidy, those household that earn very low income can be able to meet up because the actual price that is been put on the housing would be reduced.
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.
Jus de Fruit Co. has set up for automated production of its new bottled Triple Berry Colada. Six samples were taken during the first week of production. The OM team wants to monitor the central tendency of the process. What chart should they use? Is the process in control?
The X bar chart will allow the team to monitor the central tendency of the process although the process will not be in control.
What is the X bar chart?This refers to a Shewhart control chart that are used to monitor the arithmetic means of successive samples of constant size.
Hence, the X bar chart will allow the OM team to monitor the central tendency of the process although the process will not be in control.
Therefore, the Option B is correct.
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A dollar today is worth Blank______ a dollar in the future because it can be reinvested. Multiple choice question. the same as more than less than
Answer:
A dollar tomorrow is worth less than a dollar today, because if you invest the dollar you have today, you'll have more than a dollar tomorrow.
Putting criticisms or complaints on a professional e-mail will make a person look like a _______ and someone an employer would not like to hire.
Answer:
Putting criticisms or complaints on a professional e-mail will make a person look like a troublemaker and someone an employer would not like to hire.
The degree to which people identify with their jobs and consider their perceived performance levels important to self-worth is ________.
The degree to which people identify with their jobs and consider their perceived performance levels important to self-worth is Job involvement. This is further explained below.
What is Job involvement?Generally, Job involvement is simply defined as the extent to which a person's employment is a part of his or her identity.
In conclusion, Job engagement is the degree to which individuals connect with their employment and believe their perceived performance levels to be vital to their self-worth.
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The price in Cournot, Stackelberg, multiplant monopoly, and monopoly are different. Which market would the Department of Justice most prefer? Explain.
The market that the Department of Justice would most prefer is price in Cournot.
What kind of market is the Cournot duopoly model?Cournot duopoly is known to be Cournot competition. This is said to be a model which is made up of imperfect competition as two firms that has identical cost functions are said to compete with other homogeneous products.
The market that the Department of Justice would most prefer is price in Cournot. because there is a level of competition in their market and as such similar product can stand a chance in it.
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When starting a small business, government agencies such as the Small Business Administration (SBA), the Farmers Home Administration, the Economic Development Authority, and the Minority Business Development Agency are possible sources of: Multiple select question. customers information interest free loans capital
The government agencies like SBA and farmers' home administration are possible sources of capital. Thus the correct answer is D.
What is capital?Capital refers to the total amount of capital assets required to generate goods or services in a business. This amount can be used to start a business, manage daily operations of the business, or grow and extend it.
These institutions the Small Business Administration (SBA), the Farmers Home Administration, the Economic Development Authority, and the Minority Business Development Agency help to provide small businesses with financial assistance in terms of capital and loans and provide training to manage things in the business.
Therefore, option D capital is the correct answer.
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Which of the following types of business is most likely to use the subscription
business model?
A. Clothing companies.
B. Newspapers.
C. Furniture sellers.
D. Retail stores.
Answer:
B. newspapers
Explanation:
For adequate management of Newspaper sales and to avoid overproduction and underproduction, newspaper producers often use subscription methods to make sales. The subscription methods ensure the inflow of cash and customers getting their newspapers as at when due.
Newspapers of the following types of businesses are most likely to use the subscription business model. The correct option is B.
Industries that offer clients ongoing services or information frequently adopt the subscription business model. Newspapers in this instance offer subscribers consistent and ongoing material updates.
The newspaper's articles and news stories are only accessible to subscribers who pay a regular charge. Other content-based sectors, like publications, streaming services, and internet platforms that frequently provide access to unique content, all adopt this approach.
Thus, the ideal selection is option B.
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4. if you have two children, ages 2 and 4, how much should you record in step 3 of the form? (3 points)
Based on the information provided, you should record two (2) dependents in Step 3 of the W-4 form.
What is a W-4 form?A W-4 form simply refers to an internal revenue service (IRS) tax form which is used in the United States of America, so as to indicate the correct federal income tax that should be withheld from an employee's paycheck.
In Step 3 of the W-4 form, an employee is expected to indicate whether or not he or she has dependents. Thus, an employee would write (record) the number of dependents he or she has in Step 3 of the W-4 form.
In this scenario, we can logically conclude that you should record two (2) dependents in Step 3 of the W-4 form because you've two (2) children, aged 2 and 4.
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Match each online banking security practice with the PCI security requirement that mandates it.
vulnerability management program
credit card data protection
strong access controls
secure network
encrypting transfer of card data
installing a firewall
installing antivirus software
assigning unique IDs and user names
The correct matches are as follows:- encrypting transfer of card data ⇒ strong access controls, credit card data protection⇒ installing a firewall, installing antivirus software⇒ vulnerability management program, Assigning unique IDs and user names⇒ secure network.
What do you mean by the PCI security?PCI stands for the Payment Card Industry security that deals with the credit card from the major credit card schemes.
PCI DSS refers to the Payment Card Industry Data Security Standard, that sets the standards for all those companies, which are dealing with the credit card information.
PCI DSS ensures the safe environment to maintain the security for the stores, process and transmit the data for the credit card.
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Answer:
Plato Gang Rise :)
Explanation:
Milo Millworks Incorporated has maintained a sustainable competitive advantage for its framing style. In order to accomplish this, the framing style must be
In order to accomplish this, the framing style must be difficult to substitute for.
What is Competitive advantage?Competitive advantage can be defined as the way in which a company produce or manufacture more goods or product and sell those goods produce at lesser rate so as to increase their sales than that of their market competitors.
Based on the scenario in order for Milo Millworks to accomplish the competitive advantage for their framing style, the framing style must be difficult to substitute for.
Therefore the framing style must be difficult to substitute for.
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The goals of labor unions differ from those of management because employers want more profits and labor wants: Multiple choice question. higher prices for goods investment in new machinery increased technology better pay and working conditions
The goals of labor are such that they want better pay and working conditions.
The ultimate goal of workers/laborA business is in operation to make a profit, likewise, labor or workers work to the end of being paid for the services rendered.
In addition to good pay, labor also requires good perks like health cover, safe and secure work conditions, and the environment.
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Intercontinental, Incorporated, uses a perpetual inventory system. Consider the following information about its inventory: August 1, purchased 10 units for $910 or $91 per unit; August 3, purchased 15 units for $1,590 or $106 per unit; August 14, sold 20 units; August 17, purchased 20 units for $2,300 or $115 per unit; August 28, purchased 10 units for $1,190 or $119 per unit; August 30, sold 23 units. Using weighted average, the cost of goods sold for the sale of 23 units on August 30 is ____ and the inventory balance at August 30 is
Using a weighted average, the cost of goods sold for the sale of 23 units on August 30 is $2,504.93 and the inventory balance at August 30 is $1,306.92 (12 units).
What is the weighted average inventory method?The weighted average inventory method takes into consideration the weight (units and price) of each purchase to arrive at the total cost of goods available for sale.
The total cost of goods available for sale is then divided by the units available for sale to arrive at the weighted unit cost.
Data and Calculations:August 1, Purchase 10 units $91 $910
August 3, Purchase 15 units $106 $1,590
August 14, Sales 20 units
August 17, Purchase 20 units $115 $2,300
August 28, Purchase 10 units $119 $1,190
August 30, Sales 23 units.
Costs of goods available 55 $5,990
Units sold = 43
Ending stock 12 (55 - 43)
Weighted average cost per unit = $108.91 ($5,990/55)
Thus, using a weighted average, the cost of goods sold for the sale of 23 units on August 30 is $2,504.93 and the inventory balance at August 30 is $1,306.92 (12 units).
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Suppose grapefruit is produced in a constant cost industry and sold in a perfectly competitive market. If the price for the grapefruit is lower than the average cost of producing grapefruit, what can we say about the long run equilibrium
What can we say about the long run equilibrium is: Fewer grapefruit will be produced.
What is perfectly competitive market?Perfectly competitive market can be defined as the market in which producer or manufacturer product similar or identical product.
Suppose the price of grape fruit is lesser compare to the average cost of production it , this tend to mean that in the long run only fewer or little amount of grapefruit will be produced.
Therefore fewer grapefruit will be produced.
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professionals who take onwership of their mistakes are said to have: A: a work ethic B: integrity C:dishonesty D:ingenuity