The machine's $350,000 initial purchase price is referred to as the sunk cost. Consequently, $350,000 is seen as a sunk cost.
Define Sunk Cost.A sunk cost, also known as a retrospective cost, is an expenditure that has already been made but cannot be recovered. Marketing, research, the installation of new software or equipment, paying for employees' salaries and benefits, or maintaining buildings are a few examples of sunken expenses in a business.
Investment in advertising, research into a new product, Labor expenses, new software system installation and operational procedures, loss of relationships in business and reputation etc. are some examples of sunk cost.
As provided in the question, the original cost of old equipment= $350,000
Hence the sunk cost in this data= $350,000
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when groups of workers receive a portion of the financial return from reducing costs and improving productivity, this is called:
When groups of workers receive a portion of the financial return from reducing costs and improving productivity, this is called: Labor productivity
What is labor productivity?
Real output per work hour, which is how labor productivity is defined, is how growth in labor productivity is tracked through time.
The quantity of goods and services that a group of employees generate in a specific period of time is known as workforce productivity. It is one of many productivity metrics used by economists.
Growth in labor productivity allows workers to create more goods and services for a given number of work hours than they otherwise could.
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If the economy is experiencing less than full-employment, the keynesian model recommends that the government.
If the economy is experiencing less than full-employment, the Keynesian college recommends that the government: undertake stimulative fiscal policy (increase authorities spending or reduce taxes)to stimulate combination demand.
What is the Keynesian view of full employment?British economist John Maynard Keynes spearheaded a revolution in monetary questioning that overturned the then-prevailing notion that free markets would robotically furnish full employment—that is, that everyone who wanted a job would have one as long as people had been bendy in their wage demands
According to Keynes' own principle of profits and employment: "In the brief period, degree of national income and so of employment is decided through mixture demand and mixture provide in the country.
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https://brainly.com/question/14223529#SPJ4Ruby Company produces a chair that requires 5 yards of material per unit. The standard price of one yard of material is $7.50. During the month, 8,400 chairs were manufactured, using 43,700 yards at a cost of $7.30 per yard. Enter favorable variances as negative numbers.
Determine the following:
a. Price variance $ Favorable or not b. Quantity variance $ Favorable or not c. Cost variance $ Favorable or not
Differences in Direct Materials
In standard costing, the total direct materials cost variance is divided into two components: one generated by a change in the material purchase price, and the other by a difference in the quantity actually used to make the output.
Organising the information is the first step.
Actual quantity times the actual price or rate
Actual quantity x the going rate or pricing
Standard quantity times a standard rate
Direct resources
43,700 x $7.30 = $319,010
43,700 x $7.50 = $327,750
8,400 x 5 = 42,000 x $7.50 = $315,000.
(AQ x AP) - (AQ x SP) = $319,010 - $327,750 = -$8,740 F Material price variance (because actual is better than budget)
Variance in material amount (AQ x SP) - (SQ x SP) = $12,750 U.
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financial control is a process through which a firm periodically compares its budget to which of the following? (select all that apply) multiple select question. expenses revenues costs market share stock price
Financial control is the process through which a firm periodically compares its budget to :
revenuesexpensescostsWhat is meant by financial control?The methods, procedures, and techniques used by an organization to monitor and manage the use, allocation, and direction of its financial resources are known as financial controls. Any organization's resource management and operational effectiveness are fundamentally dependent on its financial controls.
Financial controls are laws and practices intended to stop or catch fraud and accounting irregularities. Financial controls include things like double-counting cash deposits and account reconciliation.
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Financial control is a process through which a firm periodically compares its budget to which of the following? (Select all that apply)
Multiple select question.
(A) stock price
(B) revenues
(C) expenses
(D) market share
(E) costs
Malcolm should have explained how each person could benefit from completing his or her part of the project, which would be using what influence tactic?.
Malcolm should have explained how each person could benefit from completing his or her part of the project, which would be using apprising influence tactic.
How will the actions benefit the followers personally or develop their jobs, which makes the tasks more desirable?
Utilizes flattery and praise to win people over. Personal requests, Requests that are made in the name of friendship or personal favour.
What do influencing strategies entail?
The 10 positive influence techniques—logical persuasion, legitimising, trading, asserting, socialising, appealing to relationships, consulting, alliance-building, appealing to ideals, and modelling are what people commonly try to use to lead and/or influence others, according to research.
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_____ is the process of generating new and useful ideas concerning new products, services, manufacturing methods, and administrative processes.
Creativity is the process of generating new and useful ideas concerning new products, services, manufacturing methods, and administrative processes.
Why are manufacturing processes important?Manufacturing enables companies to sell completed goods for more money than they paid for the raw materials they used. Using assembly line techniques and cutting-edge technologies as key resources, large-scale manufacturing enables the mass production of commodities.
What does a manufacturing process actually entail?By combining supplies, ingredients, or raw materials according to a formula or recipe, process manufacturing makes products. It is widely utilized in enterprises that manufacture things in large quantities, such as those that produce food, drinks, refined oil, gasoline, pharmaceuticals, chemicals, and plastics.
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an employer agrees to pay $15,900 for medical insurance and contribute an additional 5% of the employees' $159,000 gross salaries to a retirement program. the entry to record these accrued benefits is:
Debit to employee advantages cost $15,900
Medical health insurance - $15,900
Retirement program value = ($$15,900*5%) = $7,one hundred
general worker gain expense = ($14,2 hundred + $7,100) = $21300
The overall expense debited to the worker benefits rate account with $21,300.
More, in particular, an organization is a corporation, institution, government entity, corporation, organization, expert services firm, nonprofit affiliation, small business, save, or the person who employs or puts to paintings people who may be called personnel or workforce members.
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samson rents rooms in his hotel for an average of $100 per night. the variable cost per rented room is $20, to cover maid service and utilities. his fixed costs are $100,000 and his profit last year was $20,000. for samson, the contribution per unit is
Rent per night = $100
Variable cost per rented room = $20
Fixed cost = $100,000
Profit last year = $20,000
find samson contribution of per unit
Selling price per unit minus variable costs per unit equals contribution per unit. The equation is as follows:
contribution margin per unit=Selling price per unit -variable cost per unit
In this case, the selling price per unit equals the hotel's nightly rent. When we enter the given values into the formula above, we obtain,
the contribution per unit = $100-$20=$80.
so answer is $80.
What does a selling price mean?The amount a customer pays for a good or service is known as the selling price. It can change based on the price that consumers are prepared to pay, the seller is willing to take, and how competitive the price is in relation to other companies in the market. It might aid a company in determining the selling price in accordance with the anticipated profit margin. Let's say a corporation wants to generate a 20% margin on a $10 product. It must be sold for $12.5.
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what is a common approach using the professional expertise within an organization to develop and maintain the organization's information technology systems? group of answer choices insourcing outsourcing business process outsourcing offshore outsourcing
Outsourcing is a common approach using the professional expertise within an organization to develop and maintain the organization's information technology systems.
How Does outsourcing Work?
The practise of employing a third party from outside a business to carry out tasks or produce commodities that were previously completed in-house by the business's own employees and personnel is known as outsourcing. Companies typically engage in outsourcing as a cost-cutting strategy. As a result, it may have an impact on a variety of occupations, including customer service, manufacturing, and back-office work.
In the 1990s, outsourcing became a crucial component of corporate economics after it was initially acknowledged as a business strategy in 1989.
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Income TaxesThe FICA Tax (LO 9.3)(No COVID provisions) Lamden Company paid its employee, Trudy, wages of $61,500 in 2020. Calculate the FICA tax:Round your answers to two decimal places.Withheld fromTrudy's wages: Social Security $fill in the blank 1Medicare $fill in the blank 2Paid by Lamden: Social Security $fill in the blank 3Medicare $fill in the blank 4Total FICA Tax $fill in the blank 5
The different taxes to be withheld from Trudy's wages and the amount to be paid by Lamden include:
Withheld from Trudy :
Medicare - $891. 75Social security - $ 3, 813Paid by Lamden :
Medicare - $891. 75Social security - $ 3, 813The total FICA taxes would be $9, 409.50.
How to find the taxes ?The amount withheld from Trudy ' s wages is:
= Wages x social security tax rate
= 61, 500 x 6.20%
= $ 3, 813
The amount withheld for Medicare is :
= 61, 500 x 1.45%
= $ 891 .75
This amount will be matched by Lamden so the total is:
= 3, 813 + 3, 813 + 891. 75+ 891 .75
= $ 9, 409 .50
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If the required reserve ratio is 10% and the fed conducts an open market purchase of $100, what is the maximum possible change in the money supply?.
The maximum possible change in the money supply would be $1,000.
An open market notion is what?A system of commerce that is open to free-market activity has few to no restrictions on it. An open market is one that doesn't have any tariffs, taxes, licensing requirements, subsidies, unionization, or other rules or behaviors that obstruct the operation of the free market.
What do open market operations aim to achieve?The goal of open market operations is to alter the reserve balances of American banks and trigger retaliatory changes to the current interest rates. The Fed can boost the amount of money in the country by purchasing securities.
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The Transmittal of Wage and Tax Statements, Form W-3 is due to the Social Security Administration on:
the last day of February
An employee's salary and contributions for the prior tax year are listed on a W-3 form, also known as the Transmittal of Wage and Tax Statements form. The Social Security Administration (SSA) receives this paperwork for proper filing.
Most employers are required by the IRS to submit Forms W-2 and W-3 at the start of each year for the prior year. A list of all the W-2 forms you are sending to the federal government is contained in Form W-3 (Transmittal of Wage and Tax Statements). Form W-3 specifies the number of W-2 forms being delivered and describes the total wages, Social Security wages, federal income tax withheld, and FICA tax withheld from employees during the year.
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companies need a customer relationship management program in order to? companies need a customer relationship management program in order to? all of these answer choices are correct acquire new customers meet the changing expectations of customers none of the other answer choices are correct retain their existing customers
Companies need a customer relationship management program in order to gain new consumers, keep their current ones, and adjust to changing client demands.
what is customer relationship management (CRM) ?(CRM) is the transformation of the people, process, and technology required to become a customer-centric organization. It is a philosophy of putting the customer first, it involves acquiring, retaining and partnering with selective customers to create superior value for both the company and the customer, it provides a means and a method to enhance the experience of individual customer so that they will remain customers for life.
What is the Function of CRM in Supply Chain Management?In order to succeed, a business must find ways to satisfy its customers; otherwise, just as any company would react to a non-performing supplier, the customer leaves and takes years' worth of future purchases with them. In addition, businesses must develop ways to become and remain good suppliers themselves because many businesses do not sell their goods directly to end users.
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in 1999, two pharmaceutical companies that held an equal market share decided to pool their operations to create a new firm that was known by a different name. this is an example of a(n):
An illustration of a merger is this. A merger is a business transaction in which two independent, presently operational businesses combine to create a single, new legal entity.
Combine is the same as merge. Both companies aim to gain from the acquisition and are frequently similar in size and scope. Company mergers, which increase the product offering, vertical mergers, which benefit from already-existing independent, and horizontal mergers, which increase market share, are the three main types of mergers. Mergers and acquisitions refer to the process by which two companies come together, either through a merger (company merger process) or by one purchasing the other to become a part of a larger company.
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what is arbitrage? why does the internal revenue service place strict limits on the amount of arbitrage that a municipality can earn
Arbitrage is the simultaneous purchase and sale of a single asset or a group of related assets in various markets with the goal of making a profit from minute variations in the asset's quoted price.
It takes advantage of brief fluctuations in the cost of identical or comparable financial products on various markets or in various forms. Arbitrage offers a way to make sure that prices don't diverge significantly from fair value over an extended period of time. Technology improvements have made it very challenging to profit from pricing mistakes in the market.
A lot of traders have automated trading programs configured to track changes in similar financial instruments. Any ineffective price structures are typically addressed immediately, frequently within a few seconds, and the opportunity is lost.
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sheffield, inc. manufactures afghans. the budgeted units to be produced and sold are as follows: august september expected production 3,450 3,100 expected sales 3,200 4,200 it takes 20 yards of yarn to produce an afghan. the company's policy is to maintain yarn at the end of each month equal to 5% of next month's production needs and to maintain a finished goods inventory at the end of each month equal to 20% of next month's anticipated production needs. the cost of yarn is $0.20 a yard. at august 1, 3,450 yards of yarn were on hand. compute the budgeted cost of direct materials purchases for august. budgeted cost of direct materials purchases for august $
The budgeted cost of direct materials purchases of sheffield, inc.for august is $15660.
What is budgeted cost of direct materials?The budgeted cost is an estimated cost that would be incurred in future. This is a provisional study of cost elements in order to know the liquidity and management of funds in advance. This is also refers to planning of anticipated cost estimation.
The budgeted cost of direct materials will be the amount of expenses that should be payable in future to acquire the material required for production.
Given information:
a) Expected Production:
August = 3450 unitsSeptember = 3100 unitsb) Sales:
August = 3200 unitsSeptember = 4200 unitsc) Input - Output Ratio:
1 Unit of Afghan = 20 yards of yarn
d) No. of units purchased during August month = (Production Units + Closing Stock of Finished Goods - opening stock of finished goods) × No. of yards required for manufacture one unit of afghan.
e) No. of Units purchased ={3450 units + 620 units (3100 × 20%) - 155 units (3100 units of September × 5%)} × 20 ⇒ 3915 units × 20 ⇒ 78300 yards of yarn to be purchased.
f) Cost of Direct material yarn = Rate × Quantity
⇒ $0.20 × 78300 yards
⇒ $15660
Therefore as per the given instruction the cost of direct materials is $15660.
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A taxpayer faces the following tax rates on her income: 20 percent of the first $40,000 of her income; 30 percent of all her income above $40,000. The taxpayer faces:
a. an average tax rate of 22.5 percent when her income is $30,000.
b. an average tax rate of 22.0 percent when her income is $50,000.
c. a marginal tax rate of 10 percent when her income rises from $40,000 to $40,001.
d. a marginal tax rate of 50 percent when her income rises from $60,000 to $60,001.
When the taxpayer earns $50,000, she is subject to the an average rate of taxes of 22.0 percent.
What payment is a tax?Tax Payments are cash payments for federal, state, and municipal I income, franchise, and other comparable taxes and levies levied on or measured by net income and paid or paid by or for behalf of the borrowers and its businesses or directly attributable.
What is basic tax?A whole number of assets or earnings that can be collected by a taxing body, typically the government, is referred to as the tax base. It is employed to figure out tax obligations. This can take many different forms, such as money or real estate.
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Of The Following Is The Best Example Of An Oligopolistic Industry. A. Automobiles Production B. Grocery Stores C. Soybean Farming
D. Electric Power
A. Automobile Production is the best example of an oligopolistic industry.
In the field of business, an oligopolistic industry can be described as an industry in which there are lower firms and hence the forms can put a sales price of their choice.
An oligopolistic industry will have lesser competition because there are lesser firms of the same kind in the market. As a result, the oligopolistic industry forms have independent pricing.
An example of an oligopolistic industry is automobile production. There are lesser forms involved in automobile production hence the pricing of automobiles is independent for each firm.
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as a result of its annual fundraising program, a nonprofit receives pledges in the amount of $300,000 during december, the last month of its reporting period. based on its previous history regarding pledges, the nonprofit believes that about $300,000 will be collected in the first 60 days of the next fiscal year; $42,000 will trickle in during the rest of the next fiscal year; and $18,000 will not be collected at all. how much should the nonprofit report as net contributions receivable on its current period financial statements?
The net contribution receivable for the current fiscal year would be $342,000 ( $300,000+ $42,000) according to the report.
What do financial statements serve as?A company's financial health may be seen at a single glance because of the financial statements that provide information about its operations, performance, and cash flow. Since they reveal details about a company's earnings, costs, profitability, and debt, financial statements are crucial.
What are the qualities of a good financial statement?The financial statements, which shows a company's potential to make a profit, is likely to be the most relevant financial statement for the majority of consumers. Additionally, the data on the income statement is largely expressed in current dollars, indicating a high level of accuracy.
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which of the following correctly describes what happens to aggregate demand when government spending increases? group of answer choices aggregate demand decreases, and it shifts to the right. aggregate demand increases, and it shifts to the left. aggregate demand increases, and it shifts to the right. aggregate demand decreases, and it shifts to the left.
Aggregate demand decreases, and it shifts to the right describes what happens to aggregate demand when government spending increases. In macroeconomics, aggregate demand refers to the total demand for goods produced in the United States, which includes consumer goods, services, and capital goods.
The total amount of demand for all finished goods and services produced in an economy is measured as aggregate demand. The total amount of money exchanged for government goods and services at a specific price level and point in time is referred to as aggregate demand. Aggregate demand refers to the total demand for goods and services in any economy.
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which of the following transactions would not be classified as an operating activity on the statement of cash flows? multiple choice question. cash dividends paid to shareholders cash paid for salaries and wages payments for goods and services collections on credit sales
Answer: cash dividends paid to shareholders
Explanation:
Cash dividends paid to shareholders would not be classified as an operating activity on the cash flow statement.
Cash flow is the net change in cash and cash equivalents coming into and going out of a business. Inflows are represented by cash received, while outflows are represented by money spent.
A cash flow statement displays the precise amount of a company's cash inflows and outflows over time. The income statement is the most common financial statement and displays a company's revenues and total expenses over time, including non-cash accounting such as depreciation.
Hence, the correct answer is the "First" option.
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Heather works at big city bus corp. It is her job to record the day-to-day financial transactions of the company, including paying utilities and accepting bill payments. Heather works as a _____.
Her responsibility is to keep track of all daily financial transactions for the business, such as paying bills and for utilities. Working as a bookkeeper is Heather.
What does a bookkeeper actually do?It is the duty of bookkeepers to deliver correct, current financial data about a company. They are always monitoring the state of a company. Their reports are typically sent to managers and corporate owners to aid in decision-making.
Is being the bookkeeper stressful?Actually, maintaining the finances for a company may be a really difficult task. You must not only ensure that every comma, decimal, and number is in its proper place but you must also keep an eye on each employee to ensure that they provide the information you need.
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smith company the following information on the financial statements: net income $50,000 preferred dividends 8,000 average common stockholder’s equity 180,000 average number of common shares outstanding 250,000 shares market price $2 per share what is the earnings per share (to the nearest penny)?
0.17, The monetary worth of an organization's earnings per outstanding share of common stock is known as earnings per share.
Is a high profit per share desirable?Calculating earnings per share
You would deduct those from the earnings if the company was required to distribute preferred dividends. When a company has a high EPS, it has done well during the earnings period and investors are prepared to pay more for its shares, increasing its value to current investors.
A healthy EPS is what?What makes a good EPS is a question that has no clear solution. When comparing businesses, it is beneficial to pay special attention to how EPS is trending and how it compares to rival companies' earnings. Keep in mind that higher EPS can imply expansion and rising stock prices.
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which of the following approaches to submitting a recommendation to your boss focuses on a direct benefit? a. emphasizing how your idea saves the company money. b. anticipating reasons for resistance. c. backing up your suggestions with facts and evidence. d. stating your suggestions confidently and fairly.
Backing up your suggestions with facts and evidence is an approach to submitting a recommendation to your boss focuses on a direct benefit.
Types of benefitsThe benefits that need to be taken into account in the cost benefit analysis include:
Direct benefit is an increase in revenue or sales from a new product that is created. The indirect benefit is an increase in consumer desire for a brand. Benefits are not tangible (intangible benefits), for example, employee morale is getting better because the company's profits are increasing. Competitive benefits are benefits that have an influence on competitiveness. For example, being named the 3 largest companies in the industry that is currently running.Learn more about recommendations to boss at https://brainly.com/question/20708825.
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which two industries are significantly influenced by laws regulating product purity and labeling?
Food and pharmaceutical industries are significantly influenced by laws regulating product purity and labelling.
What are the labelling specifications?
In general, food product labels must inform customers of the contents (including any possible allergens), the "best before" or "use by" date, the nation of origin, and nutritional data. Additionally needed is the manufacturer's or distributor's address.
What are Labeling's Importances?
Additionally, labels offer detailed details including the item's size, components, usage guidelines, storage requirements, and more. All of this provides the customer with helpful information while also assisting in bringing the product to life.
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cost of equity: sml. stan is expanding his business and will sell common stock for the needed funds. if the current risk-free rate is % and the expected market return is %, what is the cost of equity for stan if the beta of the stock is a. ? b. ? c. ? d. ?
The needed rate or return, abbreviated r, is the minimal return required by investors to invest inside a company's shares, and it is calculated using the SML approach. This is also measured at cost of equity.
What factors affect equity cost?
Factors including dividend per share, share market value, dividend, beta, risk-free gain, and anticipated market return can all have an impact on the cost of equity. Risk, risk of inflation, exchange risk, and other factors can have an impact on the cost of capital.
What causes a negative cost of equity?It occurs when a firm's liabilities outweigh its assets, or, to put it in broader financial terms, when the company has sustained losses that are bigger than the sum of all dividend payments and accrued earnings from prior periods.
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______ represents the degree to which employees are accepted and treated fairly by their organization.
Inclusion represents degree to which the employees are accepted and treated fairly by organization.
What makes organization crucial?
However, sustaining organization can improve your health and make you happier and more at ease. Your life can become chaotic if you're disorganized. It could result in despair and more tension. Disorganization can be a fire risk, as well as a source of mold growth and dust accumulation.
What are the features of organization?
To enable people to collaborate most productively in achieving goals, organization is the process of identifying and grouping the work that needs to be done, defining and delegating responsibility and authority, and building relationships.
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in a cost-benefit analysis the development or purchase of software is generally considered a(n)
In a cost-benefit analysis the development or purchase of software is generally considered an acquisition cost.
A method of choosing where one considers the advantages and disadvantages of several options to determine whether the advantages outweigh the disadvantages.
In general, cost-benefit analysis is totaling all expenses associated with a project or choice, deducting those costs from the project's or decision's predicted benefits, and then comparing the results. (Occasionally, a ratio is used to show this value.)
Even when the interventions are not directed at the same objectives, cost-benefit analysis enables assessors to compare the economic efficacy of program options.
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Compared to a channel of distribution, a supply chain is
In contrast to a distribution route, a supply chain is longer as a result of the supplier linkages.
What connection exists between a supply chain and a distribution channel?By reducing inventory and transferring items from producers to end users quickly, supply chain management increases the efficiency of logistics services. A distribution channel is the collection of marketing organizations that products transit through on their path from producers to end users and consumers.
What role does supply chain management's distribution channel design play?Your supply and demand must be balanced, which calls for supply chain distribution. Your distribution plan should be able to adapt to changes in the market, such as disruptions in the supply chain and an increase in demand. Reducing the amount of interactions required to move a product from supplier to customer is the goal of the distribution chain.
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concluding that a company is in violation of antitrust laws because it controls over 90 percent of the market is an application of judgment by:
The act of concluding that a company is in violation of antitrust laws because it controls over 90 percent of the market is an application of judgment by performance.
What is a judgment by performance?Basically, a Judgement refers to the decision carried out in the courts under a court order that concludes disputes of two people or parties by listening to a claim of both parties and determining which party is correct.
Judgements are always monetary, but can also be non-monetary and legally enforceable. In most cases, the judgment is based on money since money is the only form used as compensation.
The judgment by performance implies the competitiveness of the markets evaluated by the conduct of companies in this industry. Under this, the evaluation by the team focuses on how the firms behave in the market.
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