Solution :
In the context, it is given that foreman in a construction company is responsible for the workers who are unskilled labors.
1. The segregation of the duties which involves the separation of the main functions and have them to conducted by the different workers. But here in this case, the approval of the attendance of the employees and the distribution of the checks to the worker are the important activities that are being conducted by a single employee.
2. This may result into frauds to the company. If the segregation of the duties is not implemented, then the company is at risk. This is because a single employee does the work for the approval of the attendance of the workers and distributing the checks to them for their work. So this can result in a fraud if the foreman wants to do fraud. But distributing the work among two employee will reduce the risk of fraud as one employee many not be willing to do fraud.
Segregation of duties is an internal control designed to prevent error and fraud by ensuring that at least two individuals are responsible for checking and authorizing transactions.
The segregation of the duties which involves the separation of the main functions and have them to conducted by the different workers. In the above scenario, the approval of the attendance of the employees and the distribution of the checks to the worker are the important activities that are being conducted by a single employee.
What sorts of fraud may result from the above control problem?The above may bring about fraud in the company where segregation of the duties is not in place. This means that the company is at risk.
Reason is that a single employee does the work for the approval of the attendance of the workers and distributing the checks to them for their work. Hence, can result in a fraud if the foreman wants to engage in fraud.
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The law of increasing opportunity costs Multiple Choice applies to land-intensive commodities but not to labor-intensive or capital-intensive commodities. results in straight-line production possibilities curves rather than curves that are bowed outward from the origin. may limit the extent to which a nation specializes in producing a particular product. refutes the principle of comparative advantage.
Answer:
may limit the extent to which a nation specializes in producing of a particular product.
Explanation:
Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.
Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.
For instance, if you decide to invest resources such as money in a food business (restaurant), your opportunity cost would be the profits you could have earned if you had invested the same amount of resources in a salon business or any other business as the case may be.
The law of increasing opportunity costs can be defined as a principle in business which states that, if an organization or business firm continually raise (increase) its level of production, its opportunity cost also increases (rises).
Consequently, this may limit the extent to which a nation or country in any part of the world specializes in producing of a particular product so as to reduce or lower its opportunity cost.
A welding company specializes in custom steel frames and uses job costing to account for its operations. The following information is available as of May 1 for the work-in-process inventory account:
Job# Direct Materials Direct Labor Man. Overhead Total Cost
304 $3,000 $1,800 $2,520 $7,320
306 4,000 2,100 2,940 9,040
Total Cost 7,000 3,900 5,460 16,360
Welding Company pays an hourly rate of $15 for direct labor. Manufacturing overhead costsare applied to jobs based on the direct labor hours used. During the month of May, Jacob Welding spends $5,800 to purchase materials and $4,650 for manufacturing overhead. The operations in May are summarized below.
Job# Material Requisition summary Time Card Summary (Hours)
304 $1,100 40
306 900 30
307 2,800 110
308 750 25
Total 5,550 205
Jobs 304, 306, 307 are completed in May but only Jobs 304 and 307 are delivered to customers.
Required:
Calculate the predetermined overhead rate used.
Answer: $21 per direct labor hour.
Explanation:
Based on the information given in the question, the predetermined overhead rate that is used will be calculated as:
= Manufacturing overhead / Direct labor
where,
Manufacturing overhead = 5460
Direct labor = 3900/15 = 260 hours
Therefore, predetermined overhead rate:
= 5460/260
= $21 per direct labor hour.
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Hi, you've asked an incomplete question. However, I assumed you want to know what Brainly platformed.
Explanation:
It is interesting to note that the Brainly platform is designed specifically for students to learn from their peers mostly free of charge, and it allows them to find answers to homework questions.
Babble, Inc., buys 405 blank cassette tapes per month for use in producing foreign language courseware. The ordering cost is $15.00. Holding cost is $0.25 per cassette per year. a. How many tapes should Babble order at a time?
Answer:
The appropriate solution is "764".
Explanation:
Given:
Demand per month,
D = 405
or,
= [tex]405\times 12[/tex]
= [tex]4860[/tex]
Ordering cost,
S = $15
Holding cost,
H = $0.25
As we know,
⇒ [tex]EOQ=\sqrt{\frac{2DS}{H} }[/tex]
⇒ [tex]=\sqrt{\frac{2\times 4860\times 15}{0.25} }[/tex]
⇒ [tex]=\sqrt{\frac{145800}{0.25} }[/tex]
⇒ [tex]=\sqrt{583200}[/tex]
⇒ [tex]=763.67[/tex]
or,
⇒ [tex]=764[/tex]
Nash Company sold 10,800 Super-Spreaders on December 31, 2020, at a total price of $1,015,200, with a warranty guarantee that the product was free of any defects. The cost of the spreaders sold is $561,600. The assurance warranties extend for a 2-year period and are estimated to cost $43,400. Nash also sold extended warranties (service-type warranties) related to 2,100 spreaders for 2 years beyond the 2-year period for $12,600. Given this information, determine the amounts to report for the following at December 31, 2020: sales revenue, warranty expense, unearned warranty revenue, warranty liability, and cash.
Answer:
Amount reported in Income
Particulars Amount
Sales revenue $1,015,200
Warranty expenses $43,400
Amount reported on balance sheet
Particulars Amount
Unearned service revenue $12,600
Cash ($1,015,200 + $12,600) $1,016,460
Warranty liability $43,400
please share me answer
Answer:
Explanation:
debit Unearned Revenue 200
credit Revenues 200
To realize one month of insurance premium revenue
Coronado Industries has the following costs when producing 100000 units: Variable costs $600000 Fixed costs 900000 An outside supplier has offered to make the item at $4.50 a unit. If the decision is made to purchase the item outside, current production facilities could be leased to another company for $178000. The net increase (decrease) in the net income of accepting the supplier’s offer is
Answer:
Particulars Amount
Saving in variable costs $600,000
Add: Income from lease $178,000
Less: Purchase price (100000*$4.50) ($450,000)
Increase (Decrease) in net income $328,000
Thus, net income would increase by $628,000.
Crane Company makes and sells umbrellas. The company is in the process of preparing its Selling and Administrative Expense Budget for the last half of the year. The following budget data are available: Variable Cost Per Unit Sold Monthly Fixed Cost Sales commissions $0.60 $ 4000 Shipping 1.20 Advertising 0.30 Executive salaries 30000 Depreciation on office equipment 7000 Other 0.35 18000 Expenses are paid in the month incurred. If the company has budgeted to sell 6000 umbrellas in October, how much is the total budgeted variable selling and administrative expenses for October?
Answer:
$14,700
Explanation:
Calculation to determine how much is the total budgeted variable selling and administrative expenses for October
Using this formula
Total budget variable selling and administrative =(Sales commissions+Shipping+Advertising+Other)*Budgeted umbrellas
Let plug in the formula
Total budget variable selling and administrative = ($0.60 + 1.20 + 0.30 + 0.35)*6,000
Total budget variable selling and administrative= $2.45*6,000
Total budget variable selling and administrative= $14,700
Therefore the total budgeted variable selling and administrative expenses for October is $14,700
Which of the following qualitative considerations may impact capital investment analysis? a.Manufacturing productivity b.Manufacturing flexibility c.Manufacturing control of product quality d.All of these choices are correct.
Answer:
What I think it's C if it's not I probably think it's gonna be D
The qualitative considerations that impact capital investment analysis are the manufacturing productivity, flexibility, and control of product quality. Option d is correct.
What is the capital investment analysis?Companies and government organizations utilize capital investment analysis as part of their budgeting process to determine the potential profitability of a long-term investment, called the capital investment analysis.
Long-term investments, such as equipment, machinery, or real estate, are evaluated using capital investment analysis.
There are certain qualitative considerations, that impact the capital investment analysis like the manufacturing productivity, flexibility, and control of product quality.
Therefore, option D is correct.
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XYZ Company operates on a remote interstate highway. It provides premium services to truckers en route to remote locations. It has numerous competitors that offer lower prices, but it meets the demands of discerning clients with its high-quality services. Therefore, XYZ Company can be characterized as a firm with a: a. narrow market appeal to a price-sensitive niche that demands quality, service, and value. b. broadly targeted scope and price points aimed for the masses. c. value proposition based on differentiation and a niche clientele that is willing to pay for added value. d. niche clientele and business model that meets the needs of truckers in general.
Answer:
c. value proposition based on differentiation and a niche clientele that is willing to pay for added value.
Explanation:
Since in the question it is mentioned that XYZ company provides the premium service also they have various number of competitors that offered the customer at less prices but at the same time this company meet the customer demand having the high quality service so here the value should be proportioned that depend upon on the differentiation also it would be pay for adding the value
Hence, the option c is correct
For airlines that sell flights from New York City to Boston, Amtrak trains are primarily a __________ Group of answer choices Potential entrant Buyer Supplier Rival Substitute product
Answer: rival
Explanation:
For airlines that sell flights from New York City to Boston, Amtrak trains are primarily a rival.
A rival in a business environment simply refers to ones competitor. In this case, the companies are all in the same industry and competes against each other, seeks competitive advantage over one another and seeks to capture a bigger market.
The December 31, 2016 balance sheet of Jensen Company showed Equipment of $76,000 and Accumulated Depreciation of $18,000. On January 1, 2017, the company decided that the equipment hasa remaining useful life of 6 years with a $4,000 salvage value. Compute the depreciable cost of the equipment. Depreciable cost Compute the revised annual depreciation.
Revised annual depreciations
Answer:
A. $54,000
B. $9,000
Explanation:
A. Computation for the depreciable cost of the equipment
Book value, 1/1/17 $58,000
($76,000 – $18,000)
Less salvage value $4,000
Depreciable cost $54,000
($58,000-$4,000)
Therefore the depreciable cost of the equipment is $54,000
B. Computation for the revised annual depreciation
Revised annual depreciation = $54,000÷6 years
Revised annual depreciation = $9,000
Therefore the revised annual depreciation is $9,000
You bought a bond five years ago for $804 per bond. The bond is now selling for $770. It also paid $55 in interest per year, which you reinvested in the bond. Calculate the realized rate of return earned on this bond. (Do not round intermediate calculations. Round your percentage answer to 2 decimal places. (e.g., 32.16))
Answer:
the rate of return is 6.09%
Explanation:
the computation of the realized rate of return earned on this bond is shown below:
Given that
NPER is 5
PMT is $55
PV is $804
FV is $770
The formula is shown below:
=RATE(NPER,PMT,-PV,FV,TYPE)
After applying the above formula, the rate of return is 6.09%
For most firms, the cost of capital decreases to a low point as the firm ________ debt financing. At some point beyond this optimal level, the cost of capital increases as the amount of debt ________.
Answer:
increases; decreases
Explanation:
In accounting, cost of capital can be regarded as cost of a company's funds which are "debt and equity" . It could also be from an investor's point of view "the required rate of return required on existing securities" of company's portfolio . cost of capital is utilized in
evaluation of new projects of a company. Debt financing which is regarded as one that take place when there is a raise of money by a company through the selling of debt instruments to investors. Debt financing takes place when fixed income products like bonds is sold by a firm. It should be noted that For most firms, the cost of capital decreases to a low point as the firm increases debt financing. At some point beyond this optimal level, the cost of capital increases as the amount of debt decreases
Kahn Performance Nutrition produces a protein shake that contains whey protein as one of its ingredients. The whey protein (materials) standards for each batch of protein shake produced are 12 pounds of whey protein at a standard cost of $3 per pound. During July, Kahn Performance Nutrition purchased and used 54,000 pounds of whey protein at a total of $170,000 to make a total of 4,300 batches of protein shake. What is the materials quantity variance for whey protein in July?
Answer:
The correct answer is "-$7200 (Unfavorable)".
Explanation:
Given:
Actual quantity,
= 54000 pounds
Standard price,
= $3 per pound
Standard quantity,
= [tex]4300\times 12[/tex]
= [tex]51600 \ pounds[/tex]
As we know,
⇒ [tex]Material \ quantity \ variance=(Standard \ quantity-Actual \ quantity)\times Standard \ price[/tex]By substituting the values, we get
⇒ [tex]=(51600-54000)\times 3[/tex]
⇒ [tex]=(-2400)\times 3[/tex]
⇒ [tex]=-7200 \ (Unfavorable)[/tex]
Customers arrive at a bank teller machine at the rate one every three minutes. Each customer spends an average of two minutes at the teller machine. The arrival rate and the service rate are approximated by Poisson and negative exponential distributions respectively.
Determine the following:
a – utilization of the teller machine
b – average number of customers in line
c – average number of customers in the system
d – average time customers spend in line
e – average time customers spend in the system
f – probability of three customers in the system
g – probability of two or more customers in the system.
Answer:
Arrival rate
1 every 3 minutes
1 minute = 1/3 = 0.33
60 minutes = 0.33*60 = 19.8 = 20 per hour
λ = 20 per hour
Service Rate
1 every 2 minutes
1 minutes = 1/2 = 0.5
60 minutes = 0.5*60 = 30 per hour
µ = 30 per hour
a. Utilization of Teller Machine
P = λ / µ
P = 20/30
P = 66.67%
b. Average number of customers in line
Lq = pL = (λ/µ) (λ/µ- λ)
= (20 / 30) (20 / 30 - 20)
= 20/30 * 20 / 10
= 1.33 customers
c. Average number of customers in the system
L = (λ/µ- λ)
= 20 / 30 - 20
= 20 / 10
= 2 customers
d. Average time customer spends in line
Wq = λ/[µ*(µ- λ)]
= 20 / [30 * (30-20)]
= 20 / 30 * 10
= 0.06667 hours or 4 minutes
e. Average time customers spend in the system
W = 1/(µ- λ)
= 1 / 30 - 20
= 1/10
= 0.10 hours or 6 minutes
f. Probability that there are 3 customers in the system
Pn = (1-p)*p^n
= (1 - 20/30) * (20/30)^3
= 0.3333 * 0.296296
= 0.09876
g. Probability that there are two or more customers in the system
= 1 - P(0) - P(1)
= 1 - (1 - 20/30) * (20/30)^0 - (1 - 20/30) * (20/30)^1
= 1 - 1/3 - 2/9
= 4/9
= 0.4444
Assume that you purchase a 6-year, 8% savings certificate for $1,000. If interest is compounded annually, what will be the value of the certificate when it matures?
Answer:
$1,586.87
Explanation:
Rate (I/Y) = 8.00%
Period (N) = 6
Amount (PV) = 1000
PMT = 80
Annual compounding type
Using the MSExcel function to solve for FV.
Future value = FV(Rate, Nper, Pmt, -Pv, 0)
Future value = FV(8%, 6, 80, 1000, 0)
Future value = $1586.87432294
Future value = $1,586.87
So, the value of the certificate when it matures will be $1,586.87.
Growing, Inc. is a firm that is experiencing rapid growth. The firm yesterday paid a dividend of $3.40. You believe that dividends will grow at a rate of 19.0% per year for two years, and then at a rate of 7.0% per year thereafter. You expect the stock will sell for $17.17 in two years. You expect an annual rate of return of 22.0% on this investment. If you plan to hold the stock indefinitely, what is the most you would pay for the stock now
Answer:
$18.09
Explanation:
The computation of the current stock price is shown below:
Particulars Dividend or amount PVIF at 22% Present value
D1 $4.05 0.820 $3.32
($3.40 × 1.19)
D2 $4.81 0.672 $3.23
($4.05 × 1.19)
Stock price in 2 years $17.17 0.672 $11.54
Current stock price $18.09
____________ is the process of identifying and assessing the volume and sentiment of what is being said about a company, individual, product, or brand. Digital marketing Visual analytics
Answer:
d) Social media monitoring
Explanation:
Social media monitoring includes the tracking of brand i.e. online and the responses also. You should check and keep your brand on the top of the message prior it become viral for the reason i.e. not right. Also it would help in maintaining the positive brand between the consumers and influencers
So, as per the given situation, it is a social media monitoring
Supposed you have had 10 apples. You gave 4 apples to your friend for Christmas. What portion of the initial amount did you give away? (use similar formatting to the dollar amount, strictly decimals, no other signs or characters)
Answer:
The portion of the initial amount that was given away is:
= 0.40
Explanation:
a) Data and Calculations:
Number of apples available = 10
Number of those apples given to a friend for Christmas = 4
The portion given away = 4/10 = 0.4
This represents 40% of the whole.
b) The portion given away to the friend for Christmas is a proportion of the whole. In this case, it represents just 40% of the 10 apples. This means that only 60% or 0.60 of the original apples are still available or on hand because 40% had been given away.
On July 1, 2019, Stacy Company signed a $140,000, one-year, 6 percent note payable. The principal and interest will be paid on June 30, 2020. How much interest expense should be reported on the income statement for the year ended December 31, 2019
Answer:
Stacy Company
The amount of interest expense that should be reported on the income statement for the year ended December 31, 2019 is:
= $4,200.
Explanation:
a) Data and Calculations:
6% Notes Payable = $140,000
Date of issuance = July 1, 2019
Interest rate per annum = 6%
Total interest expense for the one year = $8,400 ($140,000 * 6%)
Interest expense for the half-year = $4,200 ($140,000 * 6% * 1/2)
b) Therefore, the cash payment on June 30, 2020 will amount to $148,400 ($140,000 + $8,400)
Vista Company installed a standard cost system on January 1. Selected transactions for the month of January are as follows.
1. Purchased 18,400 units of raw materials on account at a cost of $3.90 per unit. Standard cost was $3.80 per unit.
2. Issued 18,400 units of raw materials for jobs that required 18,100 standard units of raw materials.
3. Incurred 16,000 actual hours of direct labor at an actual rate of $4.10 per hour. The standard rate is $4.60 per hour. (Credit Factory Wages Payable).
4. Performed 16,000 hours of direct labor on jobs when standard hours were 16,190.
5. Applied overhead to jobs at the rate of 100% of direct labor cost for standard hours allowed.
Journalize the January transactions.
Answer:
1. Dr Raw Materials Inventory $69,920
Dr Materials Price Variance $1,840
Cr Accounts Payable $71,760
2. Dr Work in Process Inventory $68,780
Dr Materials Quantity Variance $1,140
Cr Raw Materials Inventory $69,920
3. Dr Factory Labor $73,600
Cr Labor Price Variance $8,000
Cr Factory Wages Payable $65,600
4. Dr Work in Process Inventory $74,474
Cr Labor Quantity Variance $874
Cr Factory Labor $73,600
5. Dr Work in Process Inventory $143,254
Cr Manufacturing Overhead $143,254
Explanation:
Preparation of the anuary transactions
1. Dr Raw Materials Inventory $69,920
(18,400*$3.80)
Dr Materials Price Variance $1,840 [18,400 x ($3.90 - $3.80)]
Cr Accounts Payable $71,760
($69,920+$1,840)
2. Dr Work in Process Inventory $68,780
(18,100*$3.80)
Dr Materials Quantity Variance $1,140 [$3.80 x (18,400 - 18,100)]
Cr Raw Materials Inventory $69,920
(18,400*$3.80)
3. Dr Factory Labor $73,600
($16,000*$4.60)
Cr Labor Price Variance $8,000
[16,000 x ($4.10 - $4.60)]
Cr Factory Wages Payable $65,600
(16,000*$4.10)
4. Dr Work in Process Inventory $74,474
(16,190*$4.60)
Cr Labor Quantity Variance $874 [$4.60 x (16,000 - 16,190)]
Cr Factory Labor $73,600
($8,000+$65,600)
5. Dr Work in Process Inventory $143,254
($68,780+$74,474)
Cr Manufacturing Overhead $143,254
What will appear under a misspelled word in Word Online?
An arrow
A zigzag line
An exclamation point
A bold line
Answer:
A red Zigzag line
Explanation:
I think
A zigzag line
Explanation:
Randall Company manufactures chocolate bars. The following were among Randall's manufacturing costs during the current year: Wages Machine operators $ 400,000 Selling and administrative personnel $ 85,000 Materials used Lubricant for oiling machinery $ 35,000 Cocoa, sugar, and other raw materials $ 350,000 Packaging materials $ 290,000 Randall's direct materials amounted to:
Answer:
1160.000
Explanation:
suma los gastos
Eve shops at Mrs. G's Grocery because it is located right near her place of work. Although Mrs. G's prices are higher than Walmart's, Eve is willing to pay more because she can easily pick up groceries on her way home from work. The convenience Eve received was well worth the extra money; this is an example of _______.
Answer:
This question is incomplete, the options are missing. The options are the following:
a) Value.
b) Hedonic value.
c) Utilitarian value.
d) Perceived value.
And the correct answer is the option D: Perceived value.
Explanation:
To begin with, in the field of marketing the term known as "Perceived Value" refers to the type of value that the customer receives when comparing the product of the company with those of the competitors and seeing that he or she is willing to pay more for that product because of what the customer receives in exchange of it. In this case, Eve is willing to pay extra money due to the fact that she sees the convenience of close by store that allows her to not waste time and buy fast so that is a well example of perceived value.
The convenience that Eve received was well worth the extra money, hence, it is an example of Perceived value.
In marketing, a Perceived Value refers to the type of value that the customer receives when comparing the product of the company with those of the competitors.
Hence, the convenience that Eve received was well worth the extra money, hence, it is an example of Perceived value.
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You have been given $5 million to market Kaiser health insurance to new college graduates in California. Briefly mention how you will spend the $5 million in an attempt to motivate new graduates to sign up for Kaiser health insurance. Include a brief rationale for your marketing plan.
Answer:
You have been given $5 million to market Kaiser health insurance to new college graduates in California. Briefly mention how you will spend the $5 million in an attempt to motivate new graduates to sign up for Kaiser health insurance. Include a brief rationale for your marketing plan.
Many restaurants do not take reservations. You simply arrive and wait your turn. If you arrive at 7:30 in the evening, you have at least an hour wait. Notwithstanding that fact, a few people arrive, speak quietly with the maître d’, hand him some money, and are promptly seated. At some restaurants that do take reservations, there is a month wait for a Saturday evening, three weeks for a Friday evening, two weeks for a Tuesday through Thursday, and virtually no wait for Sunday or Monday evening. How do you explain these events using demand and supply?
Describe the role of separation and termination in relation to broader human resources and business objectives
Answer:
Separation and or termination in HR relates to the cessation of the relationship between employer and employee.
Separation and or termination of the contract may occur in the following ways:
1. Constructive Discharge
2. Firing
3. Layoff
4. Termination by Mutual Agreement
5. Termination with Prejudice
6. Termination without Prejudice
7. Involuntary Termination of employment contract
8. Voluntary Termination of employment contract
9. Wrongful Termination of employment contract
10. Cessation of Temporary Contracts
Explanation:
Regardless of the type of separation or termination which occurs, the business owner and the the HR manager must realize that the HR funnel must never run short of hands with which the organization will attain its goals/objectives.
Recognizing the times lines for contracts that are terminal in nature, anticipating and preparing for sudden separation and planning adequately for these occurrences using HR Planning enables the business to continue to thrive regardless of its rate of turnover.
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The technical and socio-cultural dimensions of project management are two sides of the same coin. Explain
Indeed, the technical and socio-cultural dimensions of project management are two sides of the same coin. This is so because the project management is in charge of administering and managing the human and material resources of a specific project.
Thus, it must organize not only the resources but also the members of the company who are in charge of exploiting those resources and maximizing results.
Therefore, just as a technical face is required to organize resources, a socio-cultural and human approach is required that allows a better functioning of the human resources of the company.
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The demand for a certain drug in a hospital has been increasing. For the past six months, the following demand has been observed:
Month Demand, Units
January 15
February 18
March 22
April 23
May 27
June 26
Use a three-month moving average to make a forecast for July.
Answer:
25.3
Explanation:
A moving average is often used to pinpoint the increase or decrease of a certain statistic over a certain period of time since the increase in the demand for this specific drug has been increasing constantly for the past 6 months we will take the past 3 months, April, May, and June, so we will have to add up 23+27+26=76, now we just have to divide by the number of months= 76/3=25.3, so the moving average for the increase in the forecast for July will be 25.3