Assume the local Pearle Vision has the following information on the number of sales orders received and order-processing costs.Month Sales Orders Order-Processing Costs1 ........................................ 3,000 $82,7002 ........................................ 1,500 50,3753 ........................................ 4,400 120,7004 ........................................ 2,800 81,9005 ........................................ 2,300 69,7756 ........................................ 1,200 43,1007 ........................................ 2,000 62,500Requireda. Use information from the high- and low-volume months to develop a cost-estimating equation formonthly order-processing costs.b. Plot the data on a scatter diagram. Using the information from representative high- and low-volumemonths, develop a cost-estimating equation for monthly production costs.c. What factors might have caused the difference in the equations developed for requirements (a) and (b)?* can i have the answer as a text not pictures
Answers
Cost-estimating equation for monthly processing costs is [ $14,000 + $24.25 × sales order]
What is cost-estimating equation?Each cost estimation method's goal is to estimate fixed and variable costs and describe these estimates in the form of Y = f + vX. Total mixed cost = Total fixed cost + (Unit variable cost × Number of units).
Highest Sales order is = 4400 and 120,700
Lowest Sales order is = 1200 and 43,100
The variable processing costs per sales order,
= (120,700 - 43,100) / (4,400 - 1,200)
= $24.25
Fixed costs= 43,100 - 1200 × 24.25
= $14,000
Cost-estimating equation for monthly processing costs =[ $14,000 + $24.25 * sales order
The scatter diagram is attached below.
The differences in equations developed for requirements a and b are due to variations in the figures/data between the highest and lowest figures.
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Related Questions
With more organizations providing dispute resolution procedures will unions become obselete
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Unions have the gain of demanding high wages, higher working conditions, job security, and addressing the grievances of their affiliated workers.
However, unions additionally have disadvantages, such as creating unemployment and being lethargic. In addition, unions can lead to a waste of productive time for the duration of strikes.
What are the weak point of change union movement in India?Limited Membership two Domination of Political Parties 3 Small Size of Trade Unions 4 Lack of Unity 5
Trade unions fail because of vested interests and lack of dedication on the phase of stakeholders. This 'lack of commitment' limits the required attitude, knowledge, ability and application for sustained success. Primarily, there are 4 stakeholders—workers, trade union leaders, company administration and the government.
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A project manager is having difficulty obtaining consistent input from stakeholders and needs their input to identify strategic and operational assumptions and constraints. How can the project manager improve stakeholder input?
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The correct answer is Make use of effective facilitation techniques. These techniques include brainstorming, go-round, mind maps, check ins, etc.
What is brainstorming?Brainstorming is a method of generating ideas and exchanging knowledge to solve a specific commercial or technical problem, in which participants are encouraged to think non-stop.
Brainstorming is a group activity in which each participant immediately shares the ideas that come to mind. At the end of the session, ideas are categorized and scored for follow-up.
When planning a brainstorming session, it's important to clearly define the topics to cover. A topic that is too specific can limit thinking, but a poorly defined topic will not generate enough directly applicable ideas.
The structure of the brainstorming group is also important. It should include not only people directly related to the topic, but also people who come up with novel and unexpected ideas. It can include employees inside and outside your organization.
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The following gives the number of pints of type B blood used at Woodlawn Hospital in the past 6 weeks:
WEEK OF PINTS USED
August 31 360
September 7 389
September 14 410
September 21 381
September 28 368
October 5 374
a) Forecast the demand for the week of October 12 using a 3-week moving average.
b) Compute the forecast for the week of October 12 using exponential smoothing with a forecast for August 31 of 360 and alpha = 0.2.
Answers
We estimate that 374 pints will be needed to meet demand during the week of October 12. By using exponential smoothing with a forecast for August 31 of 360 and an alpha value of 0.2, we would estimate the demand to be roughly 364 pints for the week of October 12.
How do you calculate average demand?The overall sales volume for your time period must be added together, and then the number of buying days must be divided by the total to determine the demand average.
a) To forecast the demand for the week of October 12 using a 3-week moving average, we take the average of the pints used in the previous three weeks:
Week of October 5: 374 pints
Week of September 28: 368 pints
Week of September 21: 381 pints
Average demand over the past three weeks = (374 + 368 + 381) / 3 = 374.33 pints
Therefore, we would forecast the demand for the week of October 12 to be approximately 374 pints.
b) To compute the forecast for the week of October 12 using exponential smoothing with a forecast for August 31 of 360 and alpha = 0.2, we can use the following formula:
Forecast for October 12 = alpha * (actual demand for October 5) + (1 - alpha) * (previous forecast)
Using the given values, we can calculate the forecast as follows:
Forecast for October 5 = alpha * (actual demand for September 28) + (1 - alpha) * (previous forecast)
= 0.2 * 368 + 0.8 * 360
= 363.2
Forecast for October 12 = alpha * (actual demand for October 5) + (1 - alpha) * (previous forecast)
= 0.2 * 374 + 0.8 * 363.2
= 364.24
Therefore, we would forecast the demand for the week of October 12 to be approximately 364 pints using exponential smoothing with a forecast for August 31 of 360 and alpha = 0.2.
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fill in the blank. a company's adjusted trial balance shows one revenue account, fees income. it has a credit balance of $4,000. the journal entry to close this account will include a debit to the account in the amount of $4,000; and a credit to the____account, in the amount of $4,000.
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The credit will be made to the Retained Earnings account in the amount of $4,000.
How does closing the revenue accounts affect the company's financial statements?Closing the revenue accounts reduces the balance in the accounts to zero and transfers the revenue earned during the accounting period to the retained earnings account. This process is called closing entries and is necessary to prepare the company's financial statements. The income statement shows the revenue earned and expenses incurred during the accounting period, while the retained earnings statement shows the changes in retained earnings, including the net income earned and dividends paid out. By closing the revenue accounts, the company's net income is added to the retained earnings account, which is then used to calculate the company's overall equity position on the balance sheet.
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true/false. one of the growers is pleased with the price increase caused by the pests because he believes it will lead to increased revenue. using elasticities, you will be able to determine whether this price change will lead to a rise or fall in total revenue in this market.'
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The answer is true, one of the growers is pleased with the price increase caused by the pests because he believes it will lead to increased revenue. using elasticities, you will be able to determine whether this price change will lead to a rise or fall in total revenue in this market.' is true.
Which definition of a market is most accurate?In order to expedite the exchange or transaction of products and services, buyers and sellers can come together in a market. A market may be actual, like a real store, or it may be virtual, like an online retailer.
In one words, define a market.Market refers to an arrangement where two or more parties trade commodities, services, and information. A market is ideally a location where two or more parties engage in buying and selling.
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a 95% confidence interval for p, the proportion of all shoppers at a large grocery store who purchase cookies, was found to be (0.236, 0.282). which of the following is a correct statement?
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Option (e), The statement "Point estimate = 0.259; margin of error = 0.023" is accurate.
An AP Statistics point estimate is exactly what?A point estimator, which is a statistic, provides an estimate of a population parameter. To calculate the value of a statistic from a sample, point estimates are utilized. Point estimation in statistics involves selecting a single value from sample data to represent the "best guess" or "best estimate" of an unknown population parameter. It is the process of using a point estimator to the data in order to generate a point estimate, to put it another way.
What is a 95% confidence interval's margin of error?The margin of error is a statistic that describes the degree of random sampling error in survey data. One should have less faith that a poll's findings will accurately represent the findings of a population-wide census the higher the margin of error.
Z* is equal to 1.96 at a 95% level of confidence. A margin of error of 3.92 is discovered when the value of z*, the population standard deviation, and the sample size are all entered into the equation.
0.236 - 0.282= 0.046
0.046/2=0.023
0.023+0.236=.259
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Data concerning a recent period's activity in the Prep Department, the first processing department in a company that uses process costing, appear below:
Materials Conversion
Equivalent units of production in ending work in process 2,000 800
Cost per equivalent unit $13.86 $4.43
A total of 20,100 units were completed and transferred to the next processing department during the period.
Compute the cost of the units transferred to the next department during the period and the cost of ending work in process inventory.
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Calculate the price of the units moved to the subsequent department throughout the time period as well as the price of completing the work-in-progress inventory.
What word would you use in place of subsequent?
consecutive, subsequent, ensuing, following, later, next, posterior, nearby, resultant, resulting, sequent, sequential, serial, succeeding, successional; these words all mean the same thing. Choose the adjective subsequent to describe anything that follows something else in time or order. The teacher will hopefully make following exams a little simpler if the entire class fails one. The word subsequent, which simply means "following or coming after," is from the Latin subsequi, "to follow closely."
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Your local barista recommends a new Thai restaurant that just opened down the street. This exchange demonstrates the usefulness of ______ in relationships.
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A brand-new Thai eatery that just opened nearby is recommended by your neighborhood barista. This interaction shows how relationships can benefit from weak links.
A barista is what?A barista is a person who prepares and serves espresso-based coffee drinks. They are typically coffee shop employees. The words "bartender" and "barista" are derived from Italian and Spanish, respectively, and refer to a person who works behind a counter and often serves hot drinks (like espresso), cold alcoholic and non-alcoholic beverages, and snacks.
According to Prieto (2021), the term "barista" has been used in writing since 1916 in both Italian and Spanish. English and Spanish speakers' native plurals are baristas, while Italian speakers' native plurals are either baristi for masculine or bariste for feminine (literally meaning "barmaids").
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in january 2018, president donald trump imposed tariffs of 20% to 50% on imported home washing machines. this prompted whirlpool, which produces residential washing machines in the united states, to announce plans to hire 200 additional workers.a. the tariffs on washing machines is likely to have a positive effect on employment because they raise the price of washing machines in the united states, the quantity of washing machines supplied domestically.two months later, president trump imposed a 25% tariff on steel imports and a 10% tariff on aluminum imports. whirlpool quickly felt the impact of these tariffs on its production costs. in june 2018, the us department of labor estimated that the cost of washing machines had increased by 17%.b. the steel and aluminum tariffs may impact whirlpool's hiring plans because these tariffs would whirlpool's production costs, its comparative advantage.
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Since President Donald Trump imposed a 20 percent tariff on imported washing machines a little over a year ago, new research reveals that American consumers have been forced to pay the price.
Are washing machine imports subject to a 50 percent tariff?The first 1.2 million large residential washing machines imported in the first year will be subject to a 20 percent tax from the Trump administration, and any machines imported after that would be subject to a 50 percent tariff.
How much are washing machines taxed?The first 1.2 million imported washing machines are subject to a 20% duty, which increases to a 50% tariff for succeeding machines.
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Which of the following is a demographic segmentation variable? A. lifestyle. B. motivation. C. gender. D. market size. E. population shifts.
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Gender is a demographic segmentation variable. Hence, option C is correct.
What is demographic segmentation variable?An organization's target market is segmented using the market segmentation technique known as demographic segmentation based on demographic factors like age, gender, education, income, etc. It aids businesses in comprehending their clientele so that their requirements can be better met.
Marketing professionals employ segmentation characteristics to divide their audience into various groups. The four basic categories of segmentation factors are behavioral, psychographic, geographic, and demographic characteristics.
Thus, option C is correct.
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lassify each of the following costs as either variable, fixed, or mixed Costs are from a manufacturer of portable basketball hoops 1. Factory supervisor salary, 56,000 per month 2. Ulities, 560 per month plus 50 07 per unit produced 3. Assembly worker hourly wages 4. Factory equipment depreciation, 54,000 per month 5. Salesperson pay, 54,000 per month plus 5% of dollar sales 6. Factory insurance $3.500 per month 7. Screws to assemble hoops 8. Factory reri, 35,000 per month 9. Metal for is 10. Class for backboards 11. Oflice salaries 55,000 per month 12. Plastic forhoopbases
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Each of the following costs is classified as variable cost, fixed cost, or mixed cost. The costs are mentioned in the table below.
Give a brief account of the various costs.Variable costs are production expenses that rise or fall in response to changes in a company's manufacturing activity. Raw materials used as components of a product, for example, are variable costs because this type of expense typically varies based on the number of units produced.
A fixed cost is the cost of a business expense that does not change regardless of the number of goods and services produced or sold. Fixed costs are recurring expenses that are not directly related to production, such as rent, interest payments, and insurance.
The total cost that combines two types of costs, namely fixed costs and variable costs, and thus implies that a portion of this cost does not change (fixed cost) with changes in production volume. The variable cost, on the other hand, varies with the volume or quantity produced. These expenses are also known as semi-variable expenses.
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For each of the following independent situations, determine the amount, if any, that the taxpayer must recognize in 2021.
a. Pluto is a patient in a nursing home for 48 days in 2021. While in the nursing home, he incurs total costs of $13,650. Medicare pays $7,425 of the costs. Pluto receives $13,870 from his long-term care insurance policy, which pays while he is in the facility. Assume that the Federal daily excludible amount for Pluto is $400. Of the $13,870, what amount, if any, will Pluto include in his gross income?
b. Pluto delivers pizzas for Disney Pizza Shop. On Thursday, December 31, 2020, Pluto made several deliveries and collected $280 from customers. However, Pluto forgot to turn in the $280 of proceeds to his manager at Disney Pizza Shop until Saturday, January 2, 2021.
• How much, if any, will Disney Pizza Shop include in their gross income in 2020?
• How much, if any, will Disney Pizza Shop include in this gross income in 2021?
c. Pluto received a scholarship of $18,500 from Disney University to be used to pursue a bachelor’s degree. He spends $12,000 for tuition, $2,500 on books and supplies, $4,700 for room and board, and $685 on personal expenses. How much, if any, will Pluto include in his gross income?
d. Pluto filed his tax return, properly claiming single filing status. His employer paid or provided the following to Pluto:
Wages $48,500
Fair market value of qualified dependent care services 3,950
Premiums for $45,000 qualified group term life insurance 2,700
Medical insurance premiums paid by employer 1,000
What is the amount, if any, that will be included in gross income in 2021?
e. Pluto, a police officer, was injured in the line of duty. He received the following during 2021:
Salary $ 72,250
Unemployment compensation 9,400
Compensatory damages for physical injury 28,000
Punitive damages for physical injury 20,000
Cash reward for preventing a home invasion 6,100
Workers’ compensation 8,600
What is the amount, if any, that will be included in gross income in 2021?
Answers
Answer:
a. Pluto will include $6,550 in his gross income in 2021.
b. Disney Pizza Shop will include $0 in its gross income in 2020 and $280 in its gross income in 2021.
c. Pluto will include $0 in his gross income.
d. Pluto will include $50,150 in his gross income in 2021.
e. Pluto will include $109,250 in his gross income in 2021.
Explanation:
Pluto is a patient in a nursing home-------------. The amount that will Pluto include in his gross income is $6,400. This is calculated by subtracting the excludible amount of $19,200 from the total long-term care insurance payment of $13,870.
What is gross income?The gross income basically refers to the total amount of income earned by an individual, company, or organization before any deductions or taxes are taken out.
It includes all forms of income, such as wages, salaries, tips, bonuses, commissions, rental income, interest, and dividends. Gross income is important because it is used to calculate an individual's tax liability and eligibility for certain benefits or programs.
In the above case, Pluto must include $6,400 in gross income for 2021.
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The GDP deflator in each of the past five years is given below:
YearGDP deflator20182002002002017210210210201620020020020151901901902014180180180
The rate of inflation was highest between which two years?
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The rate of inflation was highest between 2014 and 2015, with an inflation rate of 5.56%. The Option E is correct.
How do we find the GDP deflator?To determine the rate of inflation between each pair of years, we need to calculate the percentage change in the GDP deflator from one year to the next. We can use the following formula: Inflation rate = ((GDP deflator in year 2 - GDP deflator in year 1) / GDP deflator in year 1) x 100%
Using this formula, we get the following inflation rates for each pair of years:
Between 2017 and 2018:
= ((200 - 210) / 210) x 100%
= -4.76%
Between 2016 and 2017:
= ((210 - 200) / 200) x 100%
= 5.00%
Between 2015 and 2016:
= ((200 - 190) / 190) x 100%
= 5.26%
Between 2014 and 2015:
= ((190 - 180) / 180) x 100%
= 5.56%
Full question "The GDP deflator in each of the past five years is given below: Year GDP deflator 2018 200 2017 210 2016 200 2015 190 2014 180 The rate of inflation was highest between which two years? Choose 1 answer: a. The rate of inflation is the same every year b. Between 2017 and 2018 c. Between 2016 and 2017 d. Between 2015 and 2016 e. Between 2014 and 2015"
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Models associated with regression and classification data approaches have all except this important part:
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Regression is a statistical technique used in the fields of finance, investing, and other disciplines that aims to establish the nature and strength of the relationship between a single dependent variable (often represented by Y) and a number of independent variables (known as independent variables).
The most popular variation of this method is linear regression, which is also known as simple regression or ordinary least squares (OLS). Based on a line of best fit, linear regression determines the linear relationship between two variables. The slope of a straight line used to represent linear regression thus indicates how changing one variable affects changing another.
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morgan has just completed writing a long company report. morgan should set it aside for at least a day before proofreading it.T/F
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Morgan has just completed writing a long company report. He should set it aside for at least a day before proofreading it is true. The correct option is T.
What is proofreading?Proofreading means carefully checking for errors in a text before it is published or shared. It is the very last stage of the writing process when you fix minor spelling and punctuation mistakes, typos, formatting issues and inconsistencies. It is essential for any text that will be shared with an audience, whether it’s an academic paper, a job application, an online article, or a printable flyer.
Proofreading is the final stage of the writing process when the paper is evaluated for mechanical correctness, such as grammar, punctuation, spelling, omitted words, repeated words, spacing and format, and typographical errors.
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The account of the government held by the central bank on behalf of the state is called
Answers
Answer:The Federal Reserve
Explanation:Its the only bank that's part of the government
The gray wolf has the scientific name canis lupus. What can be concluded from this information? select two correct answers.
Answers
The domestic dog is one of the other species in the Canis genus, which also includes the grey wolf. The domestic dog is one of the other species in the Canis genus, which also includes the grey wolf.
What is lupus?The scientific name for the grey wolf, Canis lupus, includes the word lupus, which refers to a species of wolf. The canis family, which also includes dogs, coyotes, and foxes, includes the grey wolf, a sizable carnivorous mammal. As a member of the canid family, the grey wolf is classified as a lupus species, which is derived from the Latin word for "wolf." In many regions of the world, such as North America, Europe, and Asia, the grey wolf can be found. It is a highly social creature that lives in packs. The grey wolf, a top predator, is threatened by a variety of factors, such as habitat loss, hunting, and persecution.
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FILL IN THE BLANK small firms or firms with a unique product may choose to focus on a single segment and pursue ___ targeting strategy.
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Answer: niche (concentrated)
Explanation: Hope this helps :)
A car owner pays for new brakes that cost $756. 25, with a credit card that has an annual rate of 24. 5%. Determine the total amount paid, if the car owner pays $100 a month, until the balance is paid off. A spreadsheet was used to calculate the correct answer. Your answer may vary slightly depending on the technology used.
Answers
Answer: The car owner will pay a total of $1750 for the new brakes.
Explanation: To determine the total amount paid, we need to calculate the interest that will accrue on the credit card balance and add it to the cost of the brakes.
First, we need to calculate the monthly interest rate by dividing the annual rate by 12:
24.5% / 12 = 0.02042
Next, we can use a formula to calculate the monthly payment required to pay off the balance in a certain number of months:
[tex]P = \frac{r(PV)}{(1 - (1 + r))^{-n} }[/tex]
Where:
P = Monthly payment
r = Monthly interest rate
PV = Present value of the loan (cost of brakes)
n = Number of payments (unknown)
We can solve for n by substituting the given values and the monthly payment ($100) into the formula and using a spreadsheet or calculator to find the value of n that makes the equation true.
After doing this calculation, we find that the car owner will need to make 9 monthly payments of $100 to pay off the balance.
To calculate the total interest paid, we can use the following formula:
Total Interest = Total Payments - PV
Where PV is the present value of the loan (cost of brakes).
Plugging in the numbers, we get:
Total Interest = (9 x $100) - $756.25 = $93.75
Therefore, the total amount paid by the car owner is:
$756.25 (cost of brakes) + $93.75 (total interest) + $900 (9 months of $100 payments) = $1750
So the car owner will pay a total of $1750 for the new brakes.
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when foreign firms successfully dump their goods on the u.s. market, this leads to in the long run, which is bad for american consumers.
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Dumping refers to unfair practices in international trade. When a country or company exports goods for less than it would charge domestically, this phenomenon takes place.
What is dumping?The term "dumping" is used in relation to international trade. It occurs when a nation or business exports a good at a price that is lower on the international market than it is on its home market.
Dumping typically includes unloading a product on a foreign market or exporting big quantities of it.
For instance, American apple farmers would struggle to sell their goods on the home market if UK companies began exporting apples to the US for less than what they are worth in the US.
A giant corporation may invade a tiny nation, saturate the market with inexpensive items, and then push local businesses out of operation.
Therefore, dumping refers to unfair practices in international trade. When a country or company exports goods for less than it would charge domestically, this phenomenon takes place.
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Correct question:
When foreign firms successfully dump their goods on the u.s. market, this leads to in the long run, is bad for American consumers. Noe, explain in dep what is dumping.
T/F. To be within the scope of employment, the agent's conduct must have been completely motivated by the desire to serve his employer.
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The given statement "the agent's actions have to be solely motivated by a desire to help his employer for them to be considered to be within the scope of employment" is FALSE.
Who is an employer?An employer is, more particularly, a company, institution, government body, agency, professional services firm, nonprofit organization, small business, retailer, or individual who hires or otherwise places people who may be referred to as employees or staff members to work.
The agent's actions must not have been solely driven by a desire to please his employer in order for them to fall inside the purview of their employment.
The primary distinction between an employer and an employee is who owns the business and provides the jobs for employees, whilst an employee works for the company and receives compensation.
Therefore, the given statement "the agent's actions have to be solely motivated by a desire to help his employer for them to be considered to be within the scope of employment" is FALSE.
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Which of the following accounts should always have a zero balance at the end of each accounting period?
a.Finished Goods
b.Raw Materials Inventory
c.Manufacturing Overhead
d.Work-in-Process
Answers
To document accounting activities for a certain time period, temporary accounts are employed. Because they are reported in specific time periods and do not carry over to subsequent periods, all income and cost accounts must have a zero balance account at the conclusion of the period.
What is zero balance account?A zero balance account is a method of pooling cash in finance. This strategy is intended to leave in the current accounts of the subsidiaries the bare minimum needed to pay off their contracted debts. This system's key benefit is its ability to centralise money so that it can be invested at higher interest rates. An account with zero balance but no charges is referred to as a zero-balance account. In accordance with RBI guidelines, it is formally referred to as a Basic Savings Bank Deposit (BSBD) account. The purpose of the facility is to encourage people to save more money.
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In your own words, explain why Kurt Lewin, in his attempt to identify the set of skills that all great leaders possess, indicated that leadership is vulnerable.
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Kurt Lewin's belief that leadership is vulnerable stems from his understanding that leadership is a complex and dynamic process that requires ongoing adaptation to changing circumstances.
What is Kurt Lewin's belief?He believed that great leaders possess a certain set of skills that allow them to navigate these challenges successfully, but also recognized that no leader is infallible or immune to failure.
Lewin understood that leadership is vulnerable to a range of internal and external factors that can impact a leader's effectiveness, including changes in organizational culture, shifting political and social trends, and unforeseen events that can disrupt even the best-laid plans.
As such, he emphasized the need for leaders to be resilient and adaptable, and to be constantly learning and evolving in order to stay ahead of the curve and remain effective in the face of new challenges.
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ll nine transactions for Ralston Sports Co. for September, the first month of operations, are recorded in the following accounts: Cash (1) (7) (9) 25,000 (3) 11,900 (5) 9,700 (6) 12,500 7,600 10,500 7,000 (8) James Ralston, Capital 25,000 Accounts Receivable 9,900 (9) 9,700 James Ralston, Drawing 7,000 (8) (3) Supplies 12,500 Fees Earned (4) (7) 9.900 11,900 (2) Equipment 9,500 (6) Operating Expenses 10,500 < Previous Next Fees Earned (4) (7) 9,900 11,900 Equipment (2) 9,500 Operating Expenses 10,500 (6) Accounts Payable (5) 7,600(2) 9,500 Refer to the T-accounts above. Prepare a trial balance, listing the accounts in their proper order. If an amount box does not require an entry, leave it blank. Ralston Sports Company Trial Balance September 30 Debit Balances Credit Balances
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A transaction is a completed agreement between a buyer and a seller to exchange goods, services, or financial assets in return for money.
What is the meaning of Transaction?An executed contract between a buyer and a seller to trade goods, services, or financial assets in exchange for money is known as a transaction. The phrase is also frequently used in business accounting.
A transaction is a commercial occurrence that results in a monetary impact on the financial statements of a company and is noted as an entry in the accounting records of that firm. These are some examples of transactions: paying a supplier for products or services received.
The movement of money into and out of your bank account is documented by bank transactions.
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What is productivity?
A.
quantity of input per unit of output
B.
quantity of output per unit of input
C.
quality of output per unit of input
D.
quality of input per unit of output.
Answers
Answer:
The correct answer is B. Quantity of output per unit of input.
Productivity is a measure of efficiency that relates the amount of output produced to the amount of input used. The most commonly used definition of productivity is the amount of output produced per unit of input. This definition can be expressed mathematically as:
Productivity = Output / Input
In this formula, the input can be measured in a variety of ways, such as labor hours, capital invested, or raw materials used. The output can also be measured in a variety of ways, such as units produced, services provided, or revenue generated.
Therefore, productivity is generally defined as the quantity of output per unit of input, which means that answer B is the correct choice.
Graphically, shortages will always occur: at prices above the equilibrium price. when the quantity supplied exceeds the quantity demanded. at the equilibrium price. at prices below the equilibrium price. When the absolute value of the price elasticity of demand is less than 1, demand is: O elastic. O perfectly elastic. O inelastic. unit elastic.
Answers
Graphically, shortages will always occur: at prices below the equilibrium price.
When the absolute value of the price elasticity of demand is less than 1, demand is: inelastic
When does shortages occur?Shortages will always occur at prices below the equilibrium price.
At prices below the equilibrium price, the quantity demanded exceeds the quantity supplied, leading to a shortage. This is because buyers are willing to purchase more of the good than is being produced and offered for sale by sellers.
When the absolute value of the price elasticity of demand is less than 1, demand is inelastic.
Price elasticity of demand is a measure of how responsive the quantity demanded of a good is to changes in its price. When the absolute value of the price elasticity of demand is less than 1, it indicates that a change in the price of the good will result in a proportionally smaller change in the quantity demanded.
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In 2005. Americans bought 9.1 million home radios and 3.8 million home-theater-in-a-box units (TWICE. March 27. 2006. www.twice.com/article/CA6319031.html). Suppose (for simplicity) that the cost of the home radios was exist230 million, that the cost of the home-theater-in-a-box units was exist770 million, and that the average consumer has a Cobb-Douglas utility function and buys only these two goods, Estimate a plausible Cobb-Douglas utility function such that the consumer would allocate income in the proportions actually observed. The typical consumers Cobb-Douglas utility function, where R is radios and T is home-theater-in-a-box units, is U(R, T) = (Enter the exponents in your equation rounded to two decimal places)
Answers
U(R, T) = R0.70T0.30 This equation suggests that the consumer spent approximately 70% of their income on radios and 30% on home-theater-in-a-box units, which is in line with the observed proportions.
What is consumer spent?Consumer spending is the total amount of money that people spend on goods and services. It is an important indicator of economic health and performance, as it represents the total demand for goods and services in an economy. Consumer spending makes up the majority of economic activity, and it can be used to measure changes in economic conditions over time. When people are feeling confident, they tend to spend more, and this contributes to economic growth. On the other hand, when people become more cautious, they tend to reduce their spending, which can lead to economic slowdowns. Therefore, understanding consumer spending is essential to understanding the health of an economy.
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In May 2021, Reginald graduated from the Naval Academy with a degree in aeronautical engineering and was assigned to Pensacola, Florida as a permanent duty station. In his move to Pensacola, Reginald incurred the following costs: $450 in gasoline. $250 for renting a truck from UPAYME rentals. $100 for a tow trailer for his car. $85 in food. $25 in double espressos from Starbucks. $300 for motel lodging on the way to Pensacola. $405 for a previous plane trip to Pensacola to look for an apartment. $175 in temporary storage costs for his collection of sports memorabilia. Required: If the government reimburses him $900, how much, if any, may Reginald take as a moving expense deduction on his 2021 tax return?
Answers
Here, we need to know how much, if any, Regina may deduct for relocation expenses on her 2021 tax return. moving expenses deduction is $455.
What is expense deduction?Any expense that is deemed "ordinary, necessary, and reasonable" and aids in the revenue generation of a firm is tax deduction. Usually, it is subtracted from the business's income before taxes.
sl.no particulars amount
1 Gasoline $470
2 renting a truck $262
3 tow trailer $108
4 metal loading $324
5 temporary storage cost $191
6 total eligible moving expenses $1355
7 total reimbursement $900
8 net moving expenses $455
moving expenses deduction = total eligible moving expenses - total reimbursement
= ($470 + $262 + $108 + $324 + $191)
- $900
= $1355 - $900
= $455
moving expenses deduction = $455
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true/false. entrepreneur magazine ranks franchises. among the factors that the magazine uses in its rankings are growth rate, number of locations, start-up costs, and financial stability. a recent ranking listed the top 20 u.s. franchises and the number of locations as follows.
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Entrepreneur magazine recently ranked the top 20 franchises in the United States, considering several factors such as growth rate.
Which are the top most franchises ?Start-up costs, number of locations, and financial stability. The number of locations was a key factor in the rankings, indicating the expansion and success of the franchises.
The top 20 franchises listed by Entrepreneur magazine in terms of number of locations were:
Subway - 23,801
McDonald's - 13,846
7-Eleven - 9,399
Dunkin' - 9,630
Pizza Hut - 7,416
Domino's Pizza - 6,603
KFC - 4,049
Taco Bell - 7,487
Sonic Drive-In - 3,645
UPS Store - 5,327
Circle K - 7,597
The Home Depot - 2,296
Burger King - 7,411
Wendy's - 5,872
Ace Hardware - 4,405
Great Clips - 4,484
Jersey Mike's Subs - 2,503
Chick-fil-A - 2,600
GNC - 3,484
RE/MAX LLC - 8,059
The rankings demonstrate the dominance of well-known fast-food chains such as Subway, McDonald's, Dunkin', and Pizza Hut. Other popular franchises, including UPS Store, Ace Hardware, and Great Clips, also made the list .
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Which of the following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States? Check all that apply.
a. The costs of overfishing and other overly intensive uses of resources
b. Expenditures on federal highways
c. The variety of goods available to consumers
d. The value produced by doing your own laundry
Answers
The expenses associated with resource overuse, including exploitation. the range of products at customers' disposal. the advantages of doing your own washing.
What is GDP?A country's economic production is measured by its gross domestic product (GDP). It is the total cost of products and services created within the boundaries of a nation over a given time frame, usually a year. GDP is made up of all finished products created for exports, investments, government expenditures, and consumers. As it gives details on the amount of economic activity, output, and quality of living of its people, it is a crucial measure of a nation's economic health. Policymakers and investors frequently use GDP to assess the success of economic policies, project future economic patterns, and decide which investments to make.
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