When Dorothy had children, she decided to quit her job in advertising to stay home and raise them until they went to grade school. * 10 points a. Employed b. Unemployed c. Out of the labor force
Answer: Out of labor force
Explanation:
The above scenario shows that Dorothy is out of the labor force. The labor force is made up of those that are employed and have a job and those that are unemployed but are searching for job.
In this case, Dorothy left her job to cater for her child and is not looking for a job. This shows that she is out of the labor force.
The European Union (EU) bans the importation of hormone-fed U.S. beef and bioengineered corn and soybeans on safety grounds although Americans eat this food every day. This ban is so consumers in the EU will buy domestic beef and products made from domestically produced corn and soybeans. This ban is an example of: Group of answer choices ethnocentricity free trade protectionism dumping countertrading
Answer:
Protectionism
Explanation:
This ban is an example of Protectionism. Protectionism is the practice undertaken by the Government to exercise restrictions over the imports or discourage the same from other countries, by way of levying high taxes upon the imports, charging import tariffs or having the quotas for the importing of goods.
Alex is the Chief Executive Officer (CEO) of a large corporation. Alex has excellent management skills, but has little financial expertise. When the firm is caught inflating its profits on its financial statements, Alex claims he was unaware of any financial issues. Alex will most likely
Answer:
be liable for any material misrepresentations in the financial statements since the Sarbanes Oxley Act does not allow CEOs or CFOs to simply say that they were not aware of them or that they did simply didn't have the required financial skills. If any stakeholder or government agency negatively affected by this sues Alex, he will probably lose.
Instructions
A new client has come to your architectural office, to discuss ideas of her families new residence. She is moving to Colorado from a rural area in southern Georgia to take a
new job. She has not yet decided whether to build a home or buy an existing one. The client is about 35 years ols and has three children, ages 9, 5 and 2.
When you ask about her family's priorities, she tells you that the home must be close to good schools and daycare facilities. Although her new job is downtown, she does not
want to live downtown because she thinks that would be too big of a change for her children. She wants a house with at least three bedrooms, with room for expansion
Given this preliminary information, answer the following questions.
This is for ACC 556
The Novak Company has just completed a physical inventory count at year end, December 31, 2022. Only the items on the shelves, in storage, and in the receiving area were counted and costed on the FIFO basis. The inventory amounted to $75,500. During the audit, the independent CPA discovered the following additional information:
(a) There were goods in transit on December 31, 2022, from a supplier with terms FOB destination, costing $9,700. Because the goods had not arrived, they were excluded from the physical inventory count.
(b) On December 27, 2022, a regular customer purchased goods for cash amounting to $950 and had them shipped to a bonded warehouse for temporary storage on December 28, 2022. The goods were shipped via common carrier with terms FOB shipping point. The customer picked the goods up from the warehouse on January 4, 2023. Novak Company had paid $475 for the goods and, because they were in storage, Novak included them in the physical inventory count.
(c) Novak Company, on the date of the inventory, received notice from a supplier that goods ordered earlier, at a cost of $3,700, had been delivered to the transportation company on December 28, 2022; the terms were FOB shipping point. Because the shipment had not arrived on December 31, 2022, it was excluded from the physical inventory.
(d) On December 31, 2022, there were goods in transit to customers, with terms FOB shipping point, amounting to $770 (expected delivery on January 8, 2023). Because the goods had been shipped, they were excluded from the physical inventory count.
(e) On December 31, 2022, Novak Company shipped $3,000 worth of goods to a customer, FOB destination. The goods arrived on January 5, 2023. Because the goods were not on hand, they were not included in the physical inventory count.
(f) Novak Company, as the consignee, had goods on consignment that cost $3,300. Because these goods were on hand as of December 31, 2022, they were included in the physical inventory count.
Analyze the above information and calculate a corrected amount for the ending inventory.
Corrected inventory $enter corrected inventory in dollars
Different customer statement types are available to suit different client situation. Heather wants to help hendatud unpaid invoices, unapplied payments, and Credit Memos. Which statement type should she choose?
A. Balance Forward
B. Open Item
C. Transaction Statemont
D. Client Open Balance
Answer:
B. Open Item
Explanation:
The open item of creditor side in accounting means the expenses or invoices that are still open from a supplier and the payment has not made i.e. it is open and would be settled and it is predicted to be settled on the last date
So as per the given situation, the option B is correct
And, the rest of the options are wrong
Therefore the same is relevant
In general, as price increases, demand decrease? True or False.
False, the reason the prices raise is because of high demand. If people want a product they will buy it at a higher price.
Investors want a return that satisfies the following expectations: Group of answer choices A return for delaying consumption An additional return for accepting dividends rather than capital gains Both A and B. An additional return for taking on risk
Answer:
✓ An additional return for taking on risk
✓A return for delaying consumption
Explanation:
Return on investment can be regarded as as the net profit from an investment per the cost. When there is highreturn on an investment then the profit is favourable with respect to the cost of the investment. ROI allows investors to know the effeciency of their various investments. It should be noted that an Investors want a return that satisfies the following expectations:
✓ An additional return for taking on risk
✓A return for delaying consumption
Sheldon and Odessa Sanford are married and elect to file Married Filing Jointly. Sheldon is 73 years old and Odessa is 64 years old. Odessa earned $33,000 in wages. After 30 years of service, Sheldon retired from his job on February 1, 2018. During his career, Sheldon contributed pre-tax dollars to a qualified 401(k) retirement plan through his employer. His retirement is fully taxable. Sheldon also received Social Security benefits of $7,600. Sheldon and Odessa are not blind and cannot be claimed as dependents by another taxpayer. Sheldon and Odessa are U.S. citizens and have valid Social Security numbers. 1. The required minimum distribution rules are temporarily waived for tax year 2020. True False
Answer:
True
Explanation:
The Coronavirus Aid, Relief, and Economic Security (CARES) Act made several changes to current policies in order to help American citizens during the current health crisis. One of these changes was to waive the required minimum distributions (RMD). This waive applies to all types of retirement accounts.
Answer:
24800
Explanation:
what is scientific management theory??
A passenger on a cruise ship was injured by a rope thrown while the ship was docking. The passenger was sitting on a lounge chair on the third deck when she was struck by the weighted end of a rope thrown by an employee of Port Everglades, where the boat was docking. These ropes, or heaving lines, were being thrown from the dock to the second deck, and the passenger was injured by a line that was thrown too high. The trial court granted the cruise line’s motion for directed verdict on the ground there was no evidence that the cruise line knew or should have known of the danger. The cruise line contended that it had no notice that this "freak accident" could occur. What is the duty of a cruise ship line to its passengers? Is there liability here? Does it matter that an employee of the port city, not the cruise lines, caused the injury? Should the passenger be able to recover? Why or why not?
Answer:
Following are the solution to this question:
Explanation:
The crew is forbidden to connect with visitors on the ship. The protection of a ship holds the crew close watch day and night. It doesn't mean that dalliances don't happen, but if a crewman is caught and convicted, the next port seems to be the start of the ship. Therefore the traveler ought to be able to claim damages in this issue, nobody has informed the traveler of apparent danger.
The two principal sources of financing for corporations are Group of answer choices cash and common equity common equity and preferred equity debt and accounts payable debt and equity
Answer:
common equity and preferred equity
Explanation:
It is important to remember that, each source of finance carry its own benefits and risk for companies
The two principal sources of financing for corporations are common equity and preferred equity.
This is so because, with Common Equity, the Company can raise more capital through the public and with Preferred Equity the company reduces its financial risk since most dividends using this instrument can be adjusted or deferred unlike using debt instruments which carry a significant financial risk.
when you are on assignment and the job site supervisor asks you to do something from or in addition to your original job descriptipon, you should:
Question Completion with options:
1. Call your Employment Service Representative and get approval before doing it.
2. Not risk angering the client and do it, but be extremely careful.
3. Tell the job site supervisor to "forget it" and immediately walk off the job.
4. All of the above.
Answer:
When you are on assignment and the job site supervisor asks you to do something from or in addition to your original job description, you should:
1. Call your Employment Service Representative and get approval before doing it.
Explanation:
It is not every task that you are assigned outside your original job description that you should accept to execute. You must do a balancing act to differentiate tasks that distract you from your originally assigned responsibilities from those that will simultaneously enhance your career and your employer's interest. The tasks which provide you with good learning opportunities should be accepted. But those tasks that lead to burnout and stress should not be taken without proper consultation and re-consideration of employment terms.
Museum curators are a tourism career.
A.
True
B.
False
Answer:
B.false
Explanation:
Curators are in charge of a collection of exhibits in a museum or art gallery. Their job is to build up collections, often in specialist areas. Curators develop ways in which objects, archives and artworks can be interpreted, through exhibitions, publications, events and audio-visual presentations.
A portfolio is invested 20 percent in Stock G, 55 percent in Stock and 25 percent in Stock K. The expected returns on these stocks are 11 percent, 19 percent, and 23 percent, respectively. What is the portfoto's expected return
Answer: 18.4%
Explanation:
The Portfolio expected return will b calculated as the multiplication of each respective return by their respective weight. This will be:
= (20% × 11) + (55% × 19) + (25% × 23)
= (0.2 × 11) + (0.55 × 19) + (0.25 × 23)
= 2.2% + 10.45% + 5.75%
= 18.4%
Gladstone Co. has expected sales of $352,000 for the upcoming month and its monthly break even sales are $332,500. What is the margin of safety as a percent of sales, rounded to the nearest whole percent
Answer: 5.54%
Explanation:
The margin of safety as a percent of sales will be calculated as:
= (Expected sales - Break even sales) / Expected sales
= ($352000 - $332500) / $352000
= $19500 / $352000
= 0.0554
= 5.54%
A soap company has been selling their soap to consumers with great success. However, recently they have become aware that their soap is also a tremendous grease cutter and could be sold to industry. Which category of business customers could the company target and why
Answer and Explanation:
As we know that the soap is classified as health care products for the purpose of bathing. Also it acts as a grease cuter or the detergent but in the case of targetting the customers it would be treated as a health care product and commercial one also due to which it could be grown easily. But at the same time it should be ensured that there is no harmful effect
So if it is targeted in both the way than the business would grow in a fastest way that results in earning profits
Use the drop-down menus to answer the questions.
From where does this organization get most of its funding?
Sale of goods
Public Donations
Government Donations
What is the main purpose of this organization?
To teach people about animals
To find homes for all pets
To promote animal welfare
Answer:
public donations
to promote animal welfare
Explanation:
on edge. :)
In two years, you will receive the 1st payment from an irrevocable trust your grandparents set up. The trust is set up make payments forever. The appropriate discount rate is 2.0%. The 1st payment is for $500 and the payments will increase by 1.0% per year every year thereafter. The present value of all the future trust payments is closest to:
Answer:
$50,000
Explanation:
Note: There is an assumption that the payment is yearly payment & is received at the end of every year
Present Value of Perpetuity = Payment Receivable in 1st year/ (Discount rate - Growth rate)
Present Value of Perpetuity = 500/(2%-1%)
Present Value of Perpetuity = 500/0.01
Present Value of Perpetuity = $50,000
So, the present value of all the future trust payments is closest to $50,000
Skills USA offers the opportunity to practice information technology skills.
A.
True
B.
False
With respect to cost classifications for preparing financial statements: a. What is the total product cost? b. What is the total period cost? 2. With respect to cost classifications for assigning costs to cost objects: a. What is total direct manufacturing cost? b. What is the total indirect manufacturing cost? 3. With respect to cost classifications for manufacturers: a. What is the total manufacturing cost? b. What is the total nonmanufacturing cost? c. What is the total conversion cost and prime cost? 4. With respect to cost classifications for predicting cost behavior: a. What is the total variable manufacturing cost? b. What is the total fixed cost for the company as a whole? c. What is the variable cost per unit produced and sold? 5. With respect to cost classifications for decision making: a. If Dozier had produced 1,001 units instead of 1,000 units, how much incremental manufacturing cost would it have incurred to make the additional unit?
Answer:
Note: The full question is attached as picture below
1a Direct materials $70,000
Direct labor $35,500
Total manufacturing overhead $43,700
Total product cost $149,200
b. Total selling expense $30,600
Total administrative expense $29,300
Total period cost $59,900
2a. Direct materials $70,000
Direct labor $35,500
Total direct manufacturing cost $105,500
b. Variable manufacturing overhead $15,400
Fixed manufacturing overhead $28,300
Total indirect manufacturing cost $43,700
3a. Direct labor $35,500
Manufacturing overhead
Variable manufacturing overhead $15,400
Fixed manufacturing overhead $28,300 $43,700
Conversion cost $79,200
b. Direct materials $70,000
Direct labor $35,500
Prime cost $105,500
4a. Direct materials $70,000
Direct labor $35,500
Variable manufacturing overhead $15,400
Total variable manufacturing cost $120,900
b. Fixed selling expense $18,400
Fixed administrative expense $25,200
Total fixed cost $71,900
c. Direct materials $70,000
Direct labor $35,500
Variable manufacturing overhead $15,400
Variable selling expense $12,200
Variable administrative expense $4,100
Total variable cost (a) $137,200
Number of units produced and sold (b) = 1,000 units
Variable cost per unit produced and sold a/b= $137,200/1,000 units = $137.20
5. Incremental cost per unit produced = Total variable manufacturing cost / Number of units produced and sold = ($120,900/1000 Units) * 1 = $120.90
Which of the following usually carries the highest interest rates?
Answer:
What is the following?
A manager at Strateline Manufacturing must choose between two shipping alternatives: two-day freight and five-day freight. Using five-day freight would cost $200 less than using two-day freight. The primary consideration is holding cost, which is $8 per unit a year. 2,400 items are to be shipped. Which alternative would you recommend
Answer:
Two day freight
Explanation:
Calculation for Which alternative would you recommend
H = $8 per item per year (2,400item) = $19,200per year.
d = 3 days
Incremental holding cost = $19,200 (3/365) = $157.8
Based on the above calculation This is Lower tham the savings that would result by using five-day freight. Therefore, use Two day freight.
HELP!!!
Match each type of tariff with its purpose.
?
Earn money for the
government
Protective tariff
?
Help domestic producers
Revenue tariff
?
Engage in a trade war
Retaliatory tariff
(a p e x)
Answer:
Earn money for the government
Revenue tariff
Help domestic producers
Protective tariff
Engage in a trade war
Retaliatory tariff
Explanation:
A tariff is a duty or tax that is put on an imported good. There are various types of tariffs which have their specific functions.
A Retaliatory tariff is a type of tariff placed by a government on another government in retaliation as a form of trade war.
A protective tariff is a type of tariff that aims to protect domestic producers, while a revenue tariff is the type of tariff that earns money for the government.
Answer:
revenue earn money for the government
protective tariff help domestic producers
retaliatory tariff engage in a trade war
Explanation:
Pureform, Inc., uses the weighted-average method in its process costing system. It manufactures a product that passes through two departments. Data for a recent month for the first department follow:
Units Materials Labor Overhead
Work in process inventory, beginning 65,000 $ 68,500 $ 5,700 $ 21,400
Units started in process 617,000
Units transferred out 610,000
Work in process inventory, ending 72,000
Cost added during the month $ 905,900 $ 70,524 $ 264,440
The beginning work in process inventory was 75% complete with respect to materials and 60% complete with respect to labor and overhead. The ending work in process inventory was 55% complete with respect to materials and 35% complete with respect to labor and overhead.
Required:
1. Compute the first department's equivalent units of production for materials, labor, and overhead for the month.
2. Determine the first department's cost per equivalent unit for materials, labor, and overhead for the month. (Round your answers to 2 decimal places.)
Answer:
Part 1
The first department's equivalent units :
Materials = 649,600 units
Labor = 635,200 units
Overheads = 635,200 units
Part 2
The first department's cost per equivalent unit :
Materials = $1.50
Labor = $0.12
Overheads = $0.45
Explanation:
It is important to note that the weighted-average method is being used in Pureform, Inc process costing system.
This method focuses on the units completed and transferred and units in closing work in process to calculate the equivalent units of production.
The total cost on which to base the unit cost comprises of cost in Opening Work In Process and the Manufacturing cost incurred during the production period
The first department's equivalent units
Equivalent units = Units Completed and transferred + Units in Closing Work in Process × Percentage of Completion
Therefore,
Materials = 610,000 + 72,000 × 55% = 649,600 units
Labor = 610,000 + 72,000 × 35% = 635,200 units
Overheads = 610,000 + 72,000 × 35% = 635,200 units
The first department's cost per equivalent unit for materials, labor, and overhead
Cost per equivalent unit = Total Cost ÷ Total Equivalent Units
Therefore,
Materials = ($ 68,500 + $ 905,900) ÷ 649,600 units
= $1.50
Labor = ($ 5,700 + $ 70,524) ÷ 635,200 units
= $0.12
Overheads = ($ 21,400 + $ 264,440) ÷ 649,600 units
= $0.45
How Does Being Good Pay Off? Organizations are under increasing pressure to do the right thing and serve the public good, and there are a multitude of ways that organizations can be ethical and socially responsible. Although organizations should always consider ways to do this, these decisions often come at a financial cost and thus create dilemmas for organizational decision makers. This activity is important because it highlights the ways that being socially responsible is beneficial for organizations. The goal of this exercise is to challenge your knowledge of research findings on how being ethical and socially responsible pays off for organizations. Listed in the diagram are statements showing how ethical and socially responsible behavior by a company affects various stakeholders. Read the statements and then drag each term to the element of ethical or socially responsible behavior that it best represents Interpersonal Relationships Employees Profits Stock Price Revenue Customers Consumers want to Socially responsible spend more money companies generate An ethical scandal can cause a with companies that significantly higher 5- year returns on are socially company's valuation invested capital responsible to plummet Workers may be happier and less likely to leave when their company is socially responsible Companies with Investors are effective ethics and increasingly seeking compliance cultures socially responsible find their employees companies to put are less likely to their money into retaliate against one another
Answer:
How Does Being Good Pay Off?
Effects of ethical and socially responsible behavior by a company on various stakeholders:
1. Consumers want to spend more money with companies that are socially responsible.
Customers
2. Socially responsible companies generate significantly higher 5- year returns on invested capital.
Profits
3. An ethical scandal can cause company's valuation to plummet.
Stock Price
4. Workers may be happier and less likely to leave when their company is socially responsible.
Employees
5. Investors are increasingly seeking socially responsible companies to put their money into.
Revenue
6. Companies with effective ethics and compliance cultures find their employees are less likely to retaliate against one another.
Interpersonal Relationships
Explanation:
a) Stakeholders Effects:
Interpersonal Relationships
Employees
Profits
Stock Price
Revenue
Customers
b) Organizations are not only under pressure to do right, but many have discovered that it pays more in both revenue and profits to do right. The society has given organizations the opportunity to move in the right direction, and they should never lose it because the consequences of neglecting this onerous duty are too dear to contemplate.
Given the following data for the number of defects per spool of cable.
OBSERVATION
1 2 3 4 5 6 7 8 9 10 11 12 13 14
Number of defects 2 3 1 0 1 3 2 0 2 1 3 1 2 0
a.
Determine three-sigma control limits using the above data. (Do not round intermediate calculations. Round your final answers to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required. Round up any negative control limit value to zero.)
UCL
LCL
b. Is the process in control?
Yes
No
Answer:
a.
UCL = 5.17
LCL = 0.00
b.) Yes
The process is in control
Explanation:
Number of observations = 14
Total number of defects = 2+3+1+0+1+3+2+0+2+1+3+1+2+0 = 21
X = (number of defects)/(observation)
X = 21/14
= 1.50
UCL = upper control limit
= X+z√X
= 1.5+3√1.5
= 1.5+3.674234614
= 5.17 to 2 decimal places
LCL = lower control limit
= X-z√X
= 1.5-3√1.5
= -2.17
= 0.00
B.)
From the above, we have the number of defects to be within the control limits of 0 to 5.17, therefore we can conclude that the process is in control
The process specifications are 12.45 and 13.45 minutes. Based on the data given, does it appear that specifications are being met?
Sample 1 Sample 2 Sample 3 Sample 4 Sample 5
12.5 13.4 13.0 13.2 12.9
12.7 13.2 13.6 12.7 13.5
12.9 13.0 13.3 13.3 13.2
13.2 13.1 13.4 12.7 13.2
Totals 51.4 52.7 53.2 51.9 52.7
a. Yes
b. No
Answer:
a. Yes
Based on the data given, it appears that specifications are being met.
Explanation:
a) Data and Calculations:
Sample 1 Sample 2 Sample 3 Sample 4 Sample 5 Average
12.5 13.4 13.0 13.2 12.9 65 13.00
12.7 13.2 13.6 12.7 13.5 65.7 13.14
12.9 13.0 13.3 13.3 13.2 65.7 13.14
13.2 13.1 13.4 12.7 13.2 65.6 13.12
Totals 51.4 52.7 53.2 51.9 52.7 261.9 52.4
Average 12.85 13.17 13.3 12.97 13.17 13.1
b) Using the law of averages, the process specifications of 12.45 and 13.35 minutes were not exceeded under any sample type. Therefore, it can be concluded that the process specifications are being met.
27. Subscription owing N6,000 at 31/12/2014.
Subscription in advance 14,000 at
31/12/2014. Cash received as subscription
during the year was N80,000.
The subscription for the year 2014 was
(a) N90,000 (b) N82,000
(c) A78,000 (d) N70,000
Answer:
$72,000
Calculation for The subscription for the year 2014
Using this formula
2014 Subscription=Cash received-Subscription in advance+Subscription owing
Let plug in the formula
2014 Subscription=$80,000-$14,000+$6,000
2014 Subscription=$72,000
Therefore The subscription for the year 2014 was $72,000
Landlord-Tenant relationships are established by lease contracts. State the Rights and Duties of the Landlord-Tenant Relationship (Possession, Use and Maintenance, etc.). What are Transferring Rights to Leased Property? Explain an Assignment; a Sublease.
Answer: The landlord would have to make the environment conducive for leaving and the tenant would have pay rent and refrain from causing problems
Explanation:
The landlord and tenant have rights and duties to perform. The main duty of the landlord is to meet the warranty of habitability; ensuring the premises is safe and is in livable condition.
Whereas the duty of the tenant is to pay rent, ensure the environment occupied is neat, avoid causing problems for individuals around and refrain using the property for illegal purpose.
The right transferred by lease is an agreement by the tenant (the assignor) to transfer all of his or her rights, title, and interest in the lease to another person (the assignee).
A sublease is the lease of a property by a tenant to a subtenant.