Venus Creations sells window treatments (shades, blinds, and awnings) to both commercial and residential customers. The following information relates to its budgeted operations for the current year.
Commercial Residential
Revenues $328,000 $514,000
Direct materials costs $45,000 $50,000
Direct labor costs 110,000 290,000
Overhead costs 108,000 263,000 199,000 539,000
Operating income (loss) $65,000 $(25,000)
The controller, Peggy Kingman, is concerned about the residential product line. She cannot understand why this line is not more profitable given that the installations of window coverings are less complex for residential customers. In addition, the residential client base resides in close proximity to the company office, so travel costs are not as expensive on a per client visit for residential customers. As a result, she has decided to take a closer look at the overhead costs assigned to the two product lines to determine whether a more accurate product costing model can be developed. Here are the three activity cost pools and related information she developed:
Activity Cost Pools Estimated Overhead Cost Drivers
Scheduling and travel $108,000 Hours of travel
Setup time 119,000 Number of setups
Supervision 80,000 Direct labor cost
Estimated Use of Cost Drivers per Product
Commercial Residential
Scheduling and travel 800 550
Setup time 450 250
Compute the activity-based overhead rates for each of the three cost pools. (Round overhead rate for supervision to 2 decimal places, e.g. 0.38.)
Overhead Rates
Scheduling and travel
$enter a dollar amount per dollar rounded to 2 decimal places
per hour
Setup time
$enter a dollar amount per setup rounded to 2 decimal places
per setup
Supervision
$enter a dollar amount per dollar rounded to 2 decimal places

The International Fisher Effect (IFE) states that when two countries have different nominal interest rates, the difference between them is equal to the expected difference between the two countries which is due to their inflation differentials.

This theory was first proposed by economist Irving Fisher in 1930 and has become one of the most important theories in international finance. According to the IFE, if investors in all countries require the same real rate of return, the differential in nominal interest rates between any two countries should be equal to the expected difference between the two countries in the rate of inflation.

For example, if the expected rate of inflation for the U.S. is higher than the expected rate of inflation for Japan, then investors in the U.S. should expect to earn a higher nominal interest rate on investments in the U.S. relative to investments in Japan. This is because the expected rate of inflation in the U.S. is higher than the expected rate of inflation in Japan, so the real rate of return will be higher in the U.S. than in Japan. This, in turn, leads to an increase in nominal interest rates.

The International Fisher Effect is an important theory in international finance because it provides a way for investors to compare returns on investments across countries. By understanding the expected difference in inflation between two countries, investors can adjust their expectations for the nominal interest rate they will receive when investing in the different countries. This theory also helps to explain why some countries have higher nominal interest rates than others.

Learn more about  International Fisher Effect (IFE) : https://brainly.com/question/14184515

#SPJ4

Complete question :

Options-

follows their exchange rate movement.

is due to their inflation differentials.

is zero.

is constant over time.

The journal entries necessary to reflect the transactions

1. On January 1, 2017, Accounts Receivable was debited for $191,000 and Sales Discounts was credited for $990 (1% of $99,000).

2. On January 1, 2017, Bad Debt Expense was debited for $7,200 and Allowance for Doubtful Accounts was credited for $7,200.

3. On December 31, 2017, Bad Debt Expense was debited for $21,350 and Allowance for Doubtful Accounts was credited for $21,350.

4. On December 31, 2017, Allowance for Doubtful Accounts was debited for $18,500, and Accounts Receivable was credited for $18,500,

For more questions like Accounts Receivable click the link below:

https://brainly.com/question/13166196

#SPJ4

A cost curve is a graphical representation of the relationship between the total cost of production and the quantity of product produced.

Where the purple line labeled Total Cost 1 lies tangent to the blue line labeled q = 300. Initially, the wage (w) is $10?

If the wage (w) increases by 20% to $12, the cost curves will shift to the right, as can be seen in Total Cost 2. This rightward shift results in a decrease in the quantity produced, as seen in q = 250. The new tangency point lies at point C.

This shift in cost curves is due to the relative change in input price (in this case, the wage). Because the wage increased by 20%, the cost of producing each unit of output increases as well. This increase in cost leads to a reduction in the quantity produced, as it is no longer cost effective to produce the same quantity as before.

The same logic applies in the opposite direction. If the wage decreases by 20%, the cost curves will shift to the left, resulting in an increase in the quantity produced.

What does Total cost mean?

The total cost of a purchase or project is the sum of all costs associated with it. This includes the cost of materials and labor, as well as any additional fees or taxes related to the purchase. Total cost can also refer to the total amount of money invested in a business venture or project, including all capital and operating costs incurred throughout the project's life cycle.

To know more about Total cost,

https://brainly.com/question/29509552

#SPJ4

Tax payments increase automatically as gross domestic product (GDP) rises, which dampens consumption spending.

The standard measurement of the value added produced via the production of goods and services in a nation over a specific time period is the gross domestic product (GDP). Consequently, it also accounts for the revenue generated by such manufacturing, or the total amount spent on finished products and services (less imports).

For instance, if Country B produced 5 bananas value $1 each and 5 backrubs of $6 each in a year, the GDP would be $35. The GDP of Country B would be $40 if the price of bananas increased to $2 the next year and the amount produced remained same.

Learn more about  gross domestic product (GDP)  to visit this link

https://brainly.com/question/16907223

#SPJ4

The Conversion Rate is a metric used to describe the proportion of people who go to an online retailer's landing page after being directed there by an email marketing campaign and actually complete a purchase.

Conversion rate is the number of users who take the desired action as a percentage of all users. Conversion rate's archetypal example is the percentage of website visitors who actually make a purchase there.

The percentage of site visitors that took the action you requested is indicated by your landing page conversion rate.

Calculated by the conversion rate is the percentage of site visitors who made a purchase as a result of their visit. The higher your conversion rate, the more effective your information will be. The term "conversion," as used in marketing, refers to the action that a user takes in response to a call to action.

Learn more about conversion rate in marketing: https://brainly.com/question/10051391

#SPJ4

The person or organization that holds another's data should delete any records on request of provider including any summarized information derived from data should be followed by business organizations that desire to handle and process customer data in ethical manner.

Customers' personal, behavioral, and demographic information is referred to as "customer data" or "consumer data" by marketing firms and departments who gather it from their clientele. Customers' privacy is infringed upon to some level by data gathering; therefore, precise restrictions on the kinds and quantities of data that may be gathered must be in place. In consumer analytics, the gathered data is processed. Insights into consumer behavior are thus the goal of data collecting, which will ultimately lead to profit maximization through customer base consolidation and growth. In the age of the internet, explicit online surveys are a popular way to gather client information. However, there are also covert techniques, such as tracking click-through and desertion rates. Customer information is obtained for market research, particularly for studies on customer satisfaction, with the goal of boosting total customer satisfaction.

To learn more about customer data, visit:

https://brainly.com/question/28507296

#SPJ4

It can be defined is the exact same thing as a right-of-way is, true about easements. Thus, option 3 is correct.

An easement is a single aspect right to use and/or enter another's real property without owning it. It is best exemplified by the right of way that one landowner, A, may have over the land of another.

An easement is the constitutional right to exercise privileges over the land of another person. This means that the public or an individual can cross or use someone else's land for a variety of reasons.

Therefore, option 3 is correct that, true statement about easements, is that it can be defined as the same thing as a right-of-way.

Learn more about the easements, refer to:

https://brainly.com/question/13059197

#SPJ4

Sole proprietorship of the following forms of business organizations is most likely to give Jonathan total control over his business decisions.

An entity specifically for the purpose of conducting business is a business organization. A system of law controlling contract and trade, private property, and incorporation is the foundation of such an organization.

A business organisation is made up of people who cooperate in a planned and organized way to achieve a common objective. The operation of a business is the primary objective of a business organization. A corporate organization is formed when two or more people collaborate to conduct business.

To know more about Business organizations visit:

https://brainly.com/question/28477679

#SPJ4

Answer: Price determination is the interaction of the broad. forces of supply and demand which “determine” or. cause the market price level. Price discovery is the process of buyers and sellers.

Explanation:

The form of organization chosen by Bloomberg is limited partnership. When two or more partners form a limited partnership (LP), the limited partners are only responsible up to the amount of their investment.

A limited partnership (LP) is a type of partnership identical to a general partnership, except that a limited partnership must have at least one GP and at least one limited partner, whereas a general partnership must have at least two GPs. Limited partnerships are distinct from limited liability partnerships, which have limited responsibility for all partners. The GPs have the same legal status as partners in a traditional business in all key ways: they have management authority, share the right to utilize partnership property, split the firm's earnings in predetermined proportions, and have joint and several liability for the partnership's obligations.

To know more about a limited partnership:

https://brainly.com/question/12983082

#SPJ4

Sam will not be able to afford all combinations given in the other options as they will cost him more than his money income.

In the field of economics, a budget constraint refers to all the possible combinations of goods and services that a consumer could buy at the market's current pricing and within the limits of his or her available budget. The notions of a budget restriction and a preference map are tools used by consumer theory to explore the dimensions of consumer choices. The total number of things you can buy with your present budget is your budget constraint. The range of options possible within a certain budget is illustrated by a budget limitation. Opportunity cost is the sum or object you forfeit in favor of something else.

Sam's budget constraint would be five training sessions and two rounds of golf since five training sessions will cost him $100 and two rounds of golf will cost him $100 as well. Sam will not be able to afford all of the combinations given in the other options as they will cost him more than his given money income.

To learn more about budget constraint, visit:

https://brainly.com/question/14611599

#SPJ4

With its corporate office in Salisbury, North Carolina, Food Lion is a national chain of supermarkets with more than 1100 locations serving 10 states in the Mid-Atlantic and Southeast.

It employs over 63,000 people. It began as Food Town, a small grocery shop in Salisbury, in 1957. On April 27, 2018, Food Lion declared its intention to buy four BI-LO shops in South Carolina's Florence, Myrtle Beach, Surfside Beach, and Columbia. Food Lion announced on June 3, 2020, that it will buy 62 Southeastern Grocers locations in North Carolina, South Carolina, and Georgia. In 2021, they will change their names from BI-LO and Harvey's. Food Lion LLC is a supermarkets store chain with its corporate office in Salisbury, North Carolina, and 1,029 stores spread over 10 Mid-Atlantic and Southeastern states.

To learn more about supermarkets please click on below link

https://brainly.com/question/16671978

#SPJ4

The UN convention on contracts for the international sales of good includes - it the basis for a widely accepted body of international sales law.

To know more about Goods here

https://brainly.com/question/25262030

#SPJ4

false as discussed in the textbook, disruptive innovations are more likely to come from large corporations with extensive resources.

Innovative breakthroughs usually start in low-end or emerging markets. The fact that disruptive ideas begin in two different sorts of markets that incumbents ignore makes them conceivable.

Due to the fact that disruptive innovations do not please their existing clients, the majority of large companies are not comfortable with them. They solely pay attention to the needs of regular consumers. Customers will continue to evolve items if they want better ones.

To know more about disruptive innovations visit:-

https://brainly.com/question/15333502

#SPJ4

Manufacturers legally must imagine how consumers might reasonably be expected to use or misuse their products and expect to provide compensation. Thus option C is correct.

A manufacturer is a human or business that turns raw materials into finished products using a variety of tools, machinery, and procedures, and then sells those products to consumers, wholesalers, marketers, stores, or other makers who can use them to make more complicated products.

The retailer's inaction despite learning about a dangerous flaw. According to tort law, when a product causes a consumer injury but no one is to blame, the maker is still liable.

Legally, producers are required to consider the potential uses and abuses of customers' products and plan to compensate them. Therefore, option C is the correct option.

Learn more about manufacturer, Here:

https://brainly.com/question/17052484

#SPJ1

In terms of innovation characteristics, a product is said to be compatible if it complies with the accepted behavior, values, and norms of the local market.

It includes the use of biodegradable oil-based polymers in Lego's world-famous bricks. Innovation also occurred with the introduction of the first electric cars to the automotive industry and continues to occur with the development of new batteries with increased range.

The goal of innovation is to develop fresh concepts and tools that boost output, value, and productivity while using the same input. Innovation has been accountable for up to 85% of all economic growth, according to the aforementioned Stanford study.

To know more about Innovation visit:

https://brainly.com/question/16054260

#SPJ4

She was asked by her supervisor to guide the proposal through the steps of approval, execution, and evaluation. Alison is now a catalyst for change.

Setting goals, conducting analysis, developing a plan, putting that strategy into action, and monitoring that approach are the five stages of the process.

adjusting the firm's limited resources in response to changes in the external environment in order to strengthen its position in the marketplace. The internal reactions to fresh action plans meant to improve the firm's competitive position make up the second dimension.

To know more about supervisor visit:-

https://brainly.com/question/14286274

#SPJ4

The correct option is E. There would be a barrier to entry, and Zeta would have a monopoly on good Z.

A monopoly is when one enterprise and its product dominate a whole industry wherein there is little to no opposition and customers should purchase that specific precise or provider from the only agency. An oligopoly is a small wide variety of corporations, rather than simply one, dominating an entire enterprise.

Without competition, monopolies can set fees and preserve pricing regular and reliable for customers. Monopolies revel in economies of scale, regularly able to produce mass portions at decreased prices consistent with units. standing by myself as a monopoly allows a business enterprise to safely invest in innovation without the worry of competition. without opposition, monopolies can set prices and preserve pricing consistent and reliable for purchasers. Monopolies revel in economies of scale, regularly able to produce mass portions at decreased costs per unit. status on my own as a monopoly lets an organization soundly spend money on innovation without the worry of competition.

To learn more about Monopoly visit here:

brainly.com/question/29765560

#SPJ4

Bonnie's depreciation expense during first year assuming sole proprietorship had loss during the year is $360.

There is no legal separation between the owner and the business entity in a sole proprietorship, which is also referred to as a sole tradership, individual entrepreneurship, or proprietorship. A sole proprietor may employ other persons in addition to working alone. The proprietor is the owner of all of the business's assets and is also responsible for all of its debts. Sole proprietors are permitted to use a trade name or company name other than their or the company's legal name. If their business name differs from their legal name, they may need to formally register a trademark for it; the procedure will depend on the nation in which they live.

Depreciation= $3,000 * 0.2 * 60% = $360.

To learn more about sole proprietorship, visit:

https://brainly.com/question/1428023

#SPJ4

The independent contractor salesperson who joins a real estate firm will likely be responsible for covering his own hospitalization insurance.

A person whose job it is to sell products or services within a defined territory, in a physical place, or over the phone is known as a salesman or saleswoman. The salesperson is in charge of greeting clients, pointing them in the direction of the goods they require, and totaling transactions. If you want to succeed in sales, you must have excellent communication skills. A successful salesperson meets their sales targets and treats customers politely and helpfully.A salesperson is sometimes known as a sales rep. The terms "salesman" and "saleswoman" are still regularly used, despite the terms "salesperson" and "sales rep" being frequently used in their place.

Learn more about salesperson from

brainly.com/question/25743891

#SPJ4

The independent contractor salesperson who joins a real estate firm will likely be responsible for covering his own hospitalization insurance.

A person whose job it is to sell products or services within a defined territory, in a physical place, or over the phone is known as a salesman or saleswoman. The salesperson is in charge of greeting clients, pointing them in the direction of the goods they require, and totaling transactions. If you want to succeed in sales, you must have excellent communication skills. A successful salesperson meets their sales targets and treats customers politely and helpfully. A salesperson is sometimes known as a sales rep. The terms "salesman" and "saleswoman" are still regularly used, despite the terms "salesperson" and "sales rep" being frequently used in their place.

Learn more about salesperson from

brainly.com/question/25743891

#SPJ4

Interest rates were sharply cut by the Fed in 2008, reaching about zero percent, and they remained there. True.

According to Bankrate's most recent survey of the biggest mortgage lenders in the US, the average 30-year fixed mortgage rate will be 6.600% with an APR of 6.610% on Thursday, December 15, 2022. With an APR of 6.030%, the typical 15-year fixed mortgage rate is 6.000%.

The Federal Reserve has started raising interest rates in an effort to calm down fast growing inflation. In light of these moves, many individuals are now perplexed as to why rate increases, which raise the cost of borrowing money, remain America's main tool for reducing costs.

To know more about Interest rates visit:

https://brainly.com/question/13324776

#SPJ4

The CEO Jeffery Lebowski is meeting with his top managers to determine how best to compete successfully in the company's market. This group is developing the company's strategy.

All the choices made and actions performed by a company to realize its wider vision are referred to as its business strategy. Businesses can become industry leaders by understanding business strategy and putting it into practice effectively.

The CEO and senior managers of a firm set the strategy and decide how best to use all of the company's resources. They are in charge of overseeing operations, distributing power, putting in place structure, and promoting profitability. They gather to talk about the business's development because they make the decisions for it.

To know more about CEO

brainly.com/question/10063591

#SPJ4

In order to gather specific data by a company regarding a defined issue, it will use a combination of primary research, secondary data, normative data, selective data, and universal sampling.

Primary research is data that is collected by the company itself, either through surveys, interviews, focus groups, or observation. Primary research is often used when there is no already existing data to draw upon, and it can be costly and time consuming. Primary research is useful for gathering specific data that can be tailored to the company’s needs.

Secondary data is data that is already available and has been collected by someone else, such as a government agency or another company. This data can be used to supplement primary research, or to provide additional insight into a particular issue. Secondary data is often more cost effective than primary research, and can provide a deeper understanding of an issue.

Normative data is data that is used to compare a company’s performance to that of the industry or market. This data is usually collected from industry sources, such as trade associations or market research firms, and can provide valuable insight into a company’s performance relative to its competitors.Selective data is data that is collected from a specific group or population.

Learn more about trade associations at : https://brainly.com/question/14781182

#SPJ4

The statement is True. The Comparison of purchase to expectations is thought to occur whether the item purchased is comprised primarily of search, experience, or credence characteristics.

A business overall performance contrast Survey (or internal benchmarking) provides firms with the opportunity to examine their performance with comparable firms of their industry or institution; consisting of the better-appearing corporations. the act of comparing two or extra people or things: They made a comparison of different nations' ingesting habits. with the aid of/In assessment with the French, the British consume ways much less fish. You can not honestly draw a contrast between the two cases - they're absolutely distinct.

There are 3 types of viable comparisons: equal, comparative, and superlative. evaluation keys uniquely perceive every single row in a table or a view for both the source and target. whilst comparing information assets, facts compare for sq. The server uses a matching primary key or other unique identifiers in each statistics source because of the assessment key.

To learn more about Comparison visit here:

brainly.com/question/14047951

#SPJ4

social dimensions of a business environment embodies the values, attitudes, customs, and beliefs shared by groups of people

A business man who temporarily lives and/or works outside of their place of citizenship for professional reasons is referred to as an expatriate. Another way to describe it is as a person who moved from their nation of origin to another permanently or for a prolonged period of time. An allowance is a predetermined amount of money given by employers to employees to cover expenses above and beyond basic wage. It can also be described as an amount that is allowed or permitted in accordance with some rules or for a particular purpose.

Which of the following dimensions of a business environment embodies the values, attitudes, customs, and beliefs shared by groups of people?

1. social

2. physical

3. economical

4. beliefs

Learn more about business here:

https://brainly.com/question/22599880

#SPJ4

The given statement ''one of the important factors to consider in the selection of contract type is the degree of risk for the seller and the buyer that each type of contract presents'' is true.

Learn more about contract refer to :

https://brainly.com/question/1387188

#SPJ4

If 450,000 shares of common stock are issued and outstanding immediately following the stock split, and the balance of common stock is unchanged, the balance remains at $270,000.

Common stock is a type of security that represents corporate equity ownership. Outside of the United States, the terms voting share and ordinary share are also commonly used.

In the United Kingdom and other Commonwealth countries, they are referred to as equity shares or ordinary shares.

a. Computation of number of shares of common stock are issued and outstanding immediately after the stock:

According to the given information,

300,000 Share*3/2 = 450,000 common stock are issued and outstanding immediately after the stock.

b. Computation of dollar balance of the common stock account immediately after the stock split:

As per the given information, the balance of common stock is unchanged stock split, then the balance remains at $270,000.

c. Determination of reason that Weiss Company split its stock:

The given company may have splinted its stock to reduce the market price of stock and improve the stock's marketability.

However, earnings per share will go down.

Learn more about the common stock, refer to:

https://brainly.com/question/13762106

#SPJ4

All of the following about an insurer's request for a rate change is accurate, with the exception that unless a customer asks for a hearing and the Commissioner permits it, the proposal will be presumed accepted 60 days after public notice. The right response in this case is option C.

An insurance company's request to alter the rates it charges for its insurance policies is referred to as an "application by an insurer for a rate modification." This might involve requests for premium increases, decreases, or other modifications to the policies terms and conditions.

For a number of reasons, insurance firms may submit applications for rate modifications. For instance, they can try to raise their rates if the price of providing coverage rises due to higher claim payments or changes in the price of medical treatment.

Additionally, they could try to modify their rates in reaction to shifting market dynamics like heightened competition or shifting client demand.

To learn more about insurance

https://brainly.com/question/27822778

#SPJ4

The contrast between an easement and a license is significant both practically and theoretically. A license has all of the following features, with the exception of: A license lasts forever.

A license to use property differs from an easement in that it can be revoked. An easement transfers title. A license is permission, but an easement is a right. While a license is not for a certain amount of time, an easement is. While a license does not survive the sale of the affected land, an easement does. The ideas that one person has a legal claim to an easement and profit The bearer of a license may also utilize the property of another individual.

learn more about easement here:

https://brainly.com/question/22400838

#SPJ4

The double declining-balance method depreciation for year of acquisition is $200,000 and following year is $120,000. The straight-line method depreciation for year of acquisition and following year is $90,000.

One of two popular methods a corporation uses to account for the expense of a long-lived asset is the double-declining balance depreciation (DDB) approach, sometimes referred to as the lowering balance method. Compared to straight-line depreciation, which applies the same amount of depreciation each year over an asset's useful life, the double-declining balance depreciation method accelerates the pace at which expenses are recorded. The double-falling approach depreciates assets twice as quickly as the traditional declining balance method.

To solve the question :

(a) Double-declining balance:

To calculate depreciation rate.

Depreciation rate :

= 2 / estimated value

= 2 / 5 = 0.40

To calculate the depreciation for the acquisition year, we multiply the purchase cost by the depreciation rate. The residual value is disregarded.

Depreciation = 0.40  × $500,000 = 200,000

Year of acquisition = $200,000.

We increase the depreciation rate by the asset's book value for the upcoming year. The difference between the asset's acquisition cost and cumulative depreciation is its book value.

depreciation = 0.40 × ($500,000 - 200,000) = 120,000

The depreciation of the following year is $120,000

(b) Straight-line method:

The depreciation follows a straight line and is constant over time. Calculate the annual depreciation now. Formula :

depreciation = acquisition cost - residual value / estimated life

depreciation = 50,000 - 5,000 / 5 = 90,000

The depreciation of the year of acquisition and following year is $90,000

To know more about, depreciation, visit :

https://brainly.com/question/29481497

#SPJ4