Answer:
Total cost
Break even point
Mixed of product sold
unit variable cost
selling price
Sales volume A , B, C, D , E , F
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Cost-volume-profit (CVP) analysis focuses on how profits are affected by selling prices, sales volume, unit variable costs, total fixed costs, and mix of products sold. The correct options are a, b, c, d and f.
What is cost-volume-profit (CVP)?Cost-volume-profit (CVP) analysis is a method of cost accounting that looks at the impact that varying levels of costs and volume have on operating profit. Companies can use CVP to see how many units they need to sell to break even (cover all costs) or reach a certain minimum profit margin. CVP analysis makes several assumptions, including that the sales price, and fixed, and variable costs per unit are constant.
The cost-volume-profit analysis, also commonly known as breakeven analysis, looks to determine the breakeven point for different sales volumes and cost structures, which can be useful for managers making short-term business decisions.
CVP analysis makes several assumptions, including that the sales price and e, fixed and variable costs per unit are constant.
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True or false: Many companies are discontinuing defined-benefit plans and moving toward defined-contribution plans, which shifts more responsibility to the company for providing retirement benefits.
Answer:
False
Explanation:
A defined benefit pension plan is a type of pension plan where the employer gives a promise with respect to the particular pension payment that could be lumpsum for the retirement basis
Since in the question it is mentioned that the companies would not continue with the defined benefit plan and they move to the defined-contribution plans that save for the retirement so that it would create the more responsibility over the company due to this they would provide the retirement benefit but this statement is false as it is better to received the lumpsum amount
current expenditure is money spent on goods and services consumed within:
A) one year
B) three years
C) five years
D) ten years
Answer:
A) one year
Explanation:
As the name implies, current expenditure is an accounting term used to classify the total cost incurred on an item presently (or currently) within one year.
For example, It would be out of place to classify the projected cost of renting a facility in the next three years as a current expenditure if payment would be made in the future.
For an investor seeking a tax sheltered investment, the primary advantage of a real estate direct participation program is the: A high level of liquidity provided by the investment B ability of the program to generate losses for tax purposes but provide positive cash flow C ability to offset passive losses generated by the program against the investor's earned income D ability of the program to generate increasing losses until liquidation Review
Zappos' product selection includes performance athletic shoes, outdoor coats, contemporary shirts, couture accessories, and more. This selection best illustrates the firm's: a.product positioning. b.product line depth. c.market niche. d.product mix breadth.
Answer:
This is an example of product mix because it represents all of the company's product lines put together :)
Samantha is maximizing total utility while consuming food and clothing. Her marginal utility from food is 50, and her marginal utility from clothing is 25. If clothing is priced at $10 per unit, the price of food per unit must be
Answer:
$20
Explanation:
The price of food per unit can be calculated as follows
50×25
= 1250
25×10
= 250
1250/250
= 5
Hence the price per unit of food is
= 25-5
= $20
Therefore the price of food per unit is $20
Bankruptcy is the legal process of reducing or eliminating an amount owed.
O True
O False
Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,670 pounds of material, $5.20 and standard costs for 4,470 pounds of material at $6.20 per pound. What is the direct materials quantity variance
Answer:
-4670 Favorable
Explanation:
actual- standard = variance
variance * actual lbs of material
5.2-6.2=-1*4670=-4670 Favorable
The insurance pathway includes worker who deliver services that transfer risk from an individual or business to an insurance company to protect individuals and businesses from financial losses.
True
False
The numerator in the calculation of the ratio of liabilities to stockholders' equity is a.Total Assets. b.Total Stockholders' Equity. c.Total Liabilities. d.Total Liabilities – Total Stockholders' Equity.
Explanation:
a.Total Assets
The numerator in the calculation of the ratio of liabilities to stockholders' equity is Total Assets
The numerator for measuring the ratio of liabilities to stockholder equity is total liabilities.
The following information should be considered:
It is the ratio of liabilities and stockholder equity.The liabilities come on the numerator side and the stockholder equity is on the denominator side.The ratios should always be measured in time.Thus all other options are incorrect.
Therefore we can conclude that The numerator for measuring the ratio of liabilities to stockholder equity is total liabilities.
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1. The main characteristic of a full-service advertising agency is that it A. does not limit its services to promotion. B. does not provide services to individuals. C. specializes in providing creative services. D. specializes in buying media time and space.
Answer:
A.
Explanation:
Full-service advertising agency is an agency that is meant to handle all aspects of business, that is, advertising, marketing, and promotion. The other services that a full-service advertising agency provides are strategic planning, content marketing, SEO, production, creativity, social media marketing, etc.
The characteristic of a full-service advertising agency listed in the given options is that it is not limited to promotional activities only. As the name suggests, it offers full-fledged marketing service.
Therefore, option A is correct.
Assume the Continental National Bank's balance statement is as shown in the accompanying table. Assuming a legal reserve ratio of 20 percent, how much in excess reserves would this bank have after a check for $10,000 was drawn and cleared against it
Answer:$6,000
Explanation:
The supplied statement suggests that it is $6,000 in total, assuming that the European National Bank's balance statement is as shown in the preceding table. based on a legal reserve ratio of 20%.
What does "accompaging spouse" refer to?Any of the terms spouse, partner, or accompanying person is appropriate. based on Samples 1, 2, and 3 of 11 papers. 11. A companion is someone who lives closely with the councilor (such as a spouse or lover) and/or provides care for them.
Married couples may work in the USA under specific visa categories, but the application process takes time. Spouses may work in certain nations, like Malaysia and Japan, however there are restrictions.
A member of the immediate family of an immigrant to the The United States is regarded as an affiliating relative. Anyone who meets the requirements for a visa or a green card is eligible to apply for a green card or a similar visa for accompanying family members. both wed and separated.
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Customers can purchase HP computers from retail stores like Best Buy and Office Depot, online directly from HP, and through various catalogs. HP is using a(n) _____ distribution arrangement.
Answer:
Multiple
Explanation:
For instance,Customers can purchase HP computers from retail stores like Best Buy and Office Depot, online directly from HP, and through various catalogs. In this case, HP is using a(n) multiple distribution arrangement.
Distribution channel can be regarded as chain of businesses or intermediaries whereby good or service is been passed until it reaches the final buyer. Distribution channels could be wholesalersor retailers or distributors. Multi-channel distribution can be regarded as a channel whereby
business uses one or more than one type of distribution channel. For instance, a street retailer could
also distribute directly to customer with the use of e-commerce, even with the use of catalogues which could be sent via direct mail.
Which exit strategy can you use when you are unable to locate a buyer for your business?
A.
file for tax returns
B.
venture into a new business
C.
repay your loans
D.
liquidate the business
A short-term savings strategy is usually designed to:
A. maximize the growth of money used for investments.
B. make sure a person has money available in an emergency.
C. increase the income a person earns by having a job.
D. allow a person to spend nearly all of the money he or she makes.
SUBMIT
Answer: B. Make sure a person has money available in an emergency. (Thanks 22ogarthwaite)
Explanation: A P E X
A short-term savings strategy is usually designed to make sure a person has money available in an emergency.
What is short term savings?An amount kept aside by an individual for the purpose of utilization in a very short span of time with a contingent purpose, is known as short term savings.
Hence, option B is true regarding short term savings.
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4. You earn $64,000 per year. The government takes 35% in taxes.
a) What's your monthly net pay?
b) You have four months to save for a $3,000 car downpayment. If you save 20% of your net pay
each month, can you reach your savings goal?
Answer:
Explanation:
35% of $64,000 is $22,400
Yes you can cause if you save 20% of your monthly net pay in 4 months your gonna have $17,920
A financial statement user would determine if a company was profitable or not during a specific period of time by reviewing the a.income statement b.statement of cash flows c.statement of stockholders' equity d.balance sheet
Answer:
Income statement
Explanation:
On January 23, Bennington Corporation, for the first time in its short history, purchased 200 shares of its own common stock for $40 a share. On March 31, it sold 100 of those shares for $45 a share. What is the credit amount to Treasury Stock account?
What is the difference between elastic and inelastic demand? Give 5 points?
Explanation:
Elastic demand means there is a substantial change in quantity demanded when another economic factor changes )
inelastic demand means that there is only a slight (or no change) in quantity demanded of the good or service when another economic factor is changed.
An appraiser using the market approach collects many recent comparable sales. If a comparable property has a feature that is NOT present in the subject property, the estimated value of the feature is:
Please help I’ll give brainey if right answers
Answer:
f
Explanation:
The process of creating, promoting, and presenting a product to meet wants and needs of consumers is called ___________. Group of answer choices marketing selling distributing retailing
The Statute of Frauds a. applies only to executed contracts b. requires certain contracts to be in writing c. states that written contracts cannot be changed by oral evidence d. none of these
Answer:
b. requires certain contracts to be in writing
Explanation:
Statute of Fraud is one that requires certain types of contracts to be in writing in order to be valid.
For example when selling goods the quantity and price of the goods must be stated in case of any future issue. The written contract can be referred to.
However there are some exceptions to statutes of fraud, and they are when there is admission, performance, or promissory estoppel.
Cranston wants a Settlement Option for his beneficiary that will guarantee the beneficiary an income as long as the beneficiary lives. Cranston should choose: A Interest B Life Income Only C Fixed Period D Fixed Amount
Answer:
sry i don't have this questions answers
8) How can using a credit card affect your credit score in a good way? In a bad way?
Answer:
Explanation:
Good way: using your credit card and paying off the balance each month and on time can increase your credit score. Also, having a large credit limit affects the credit positively
Bad way: paying your balances late or not at all is bad for your credit.
Will give brainlest
1. Define scarcity in terms of wants.
2. What are the three questions of economics?
3. Land, labor, capital, and entrepreneurship are called what economic term?
4. What is another word/term for an entrepreneur?
5. What is the reason most individuals want to open a new business?
6. Jim spends two and a half hours and $40 at the movies the night before an exam. What is the opportunity cost of this decision?
7. In a command economy, who decides what goods and services will be produced?
8. In capitalist economies how are prices set?
9. What is happening in the graph? (Supply or demand, increase or decrease, and is it quantity or not?)
10. What happens to the price and to quantity at this new equilibrium?
11. The law of supply says that as price rises, what will happen?
12. What will a high price do to consumers buying, and what will it do for producers?
13. If gas production drops for the year, how would it affect prices?
14. The law of Demand says when the price rises, the quantity demanded ________, and when prices fall, the quantity demanded of a good will __________.
15. If items are economic compliments, and demand for one increases, what will happen to the other item, typically?
16. Due to technological advances, individuals are able to buy and download music from the Internet as opposed to simply buying music from a store.
How would this technology affect the compact disc market? (Supply or demand? Increase
or decrease?)
17. What are the determinants of supply?
18. What do consumers do in the market to impact or influence what is produced?
Answer:
1. Scarcity is the inability to satisfy ones wants using the means available to them
2. Many have defined Economics as a social science that examines the relationship between
ProductionDistribution and Consumption of products and services.So the three questions are:
What will be produced?
Who will consume the products?
How will it get to the consumer?
3. Land, Labor, capital, and entrepreneurship in economic parlance collectively called the factors of production. Many schools of thought have also added Information to that list.
4. Another word for an entrepreneur is a business owner
5. Most businesses are set up to make a profit. Others to meet an intrinsic goal. However, because every business must operate sustainably, even not-for-profits must at least breakeven to remain in existence
6. The opportunity cost of a thing is the benefit forgone in order to have or possess that thing. The opportunity cost to Jim is the risk of failing the exam giving that he should be prepping of getting ready for the same.
7. In a command economy, the government is in control of all the factors of production and so decides what goods and services will be produced.
8. In capitalist economies, prices are determined by the forces of demand and supply
9-10. the graph was not supplied. Hence the answer could not be provided.
11. The law of supply says that as price rises, (all things being equal), supply will follow in the same direction. This is because rising prices is favorable to the manufacturer of the product as they stand to make more profit.
12. High prices will force demand by consumers down. Consumers also want to maximize value. That is, they want to get the best at the lowest price possible. Hence, for consumers, high prices (all things being equal) will translate to lower quantity purchased.
Producers on the other hand will (all things being equal) attempt to push out more of their products in order to take advantage of the high prices to make more profit.
13. Gas production will most likely translate to increased prices. The demand for gas is inelastic because it is an essential commodity. Hence a drop in the volume available for purchase (all things being equal) will create an upward spiral in prices.
14. The law of Demand says when the price rises, the quantity demanded (all things being equal) goes in the opposite direction, and when prices fall, the quantity demanded of a goodwill (all things being equal will go the opposite direction.
15. Demand for Complimentary or joint goods such as smartphones, data and call credit usually go in the same direction (all things being equal).
16. Advances in technology is leading to a decrease in the supply and demand for compact disk. Because of the availablility of songs and videos online and ease of access to them via the same media, the demand for compact discs which take up a lot of physical space and usually more expensive is take a downward run. This, in turn, is discouraging more production hence the lower the supply of same.
17. The determinants of supply are:
Cost of raw materials/inputs Productivity Technology: Better technology will translate to increased supply The Number of sellers: the more sellers there is, the more supply there is. Taxes and subsidies: Supply and taxes usually go in the opposite direction. Subsidies and supply usually go in the same direction. Government regulations: This can stop the supply for a goods or service completely or enhance it greately Price Expectations: When supplier expectations about prices are positive, supply goes up. Positive expectation is that the prices will go up.18. Consumers in order to impact or influence what is produced can choose between substitutes. These choices reflect why they go for a particular service, hence forcing other suppliers to follow the factors which drive demand.
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Multiple Choice Question Use the following information to calculate the labor efficiency variance for Adkinson Company. Actual hours used 5,500; Standard hours allowed 5,800; Actual labor rate $14.75 per hour; and Standard labor rate $14.00 per hour.
Answer:
$4,200 Favorable.
Explanation:
$14.00 x (5,800 - 5,500) = $4,200 Favorable. The labor efficiency variance is calculated using the standard, not the actual, labor rate.
The CEO of Whole Foods Markets is John Mackey. It has a set of quirky management rules that makes Whole Foods an odd but effective workplace. Every store is divided into about eight functional teams: An employee is hired provisionally to a store team. After four weeks of work, the team votes whether to hire him or her; a two-thirds yes vote is necessary to join the staff permanently. Which leadership style appears to be used by Whole Foods
Answer:Democratic (participative)
Explanation:
Norbury Corporation's net income last year was $25,000. The company did not sell or retire any property, plant, and equipment last year. Changes in selected balance sheet accounts for the year appear below: Increases (Decreases) Asset and Contra-Asset Accounts: Accounts receivable $ 13,500 Inventory $ (3,600) Prepaid expenses $ 9,000 Accumulated depreciation $ 24,000 Liability Accounts: Accounts payable $ 13,000 Accrued liabilities $ (8,100) Income taxes payable $ 2,700 Based solely on this information, the net cash provided by (used in) operating activities under the indirect method on the statement of cash flows would be:
Answer:
$37,700
Explanation:
Cashflow from Operating Activities
Net Income $25,000
Adjustments to non - cash flow items :
Add back Depreciation charge $24,000
Adjustments to changes in working capital items :
Increase in Accounts receivable ($13,500)
Decrease in Inventory $3,600
Increase in Prepaid expenses ($9,000)
Increase in Accounts payable $13,000
Decrease in Accrued liabilities ($8,100)
Increase in Income taxes payable $2,700
Net cash provided by operating activities $37,700
thus,
the net cash provided by operating activities under the indirect method on the statement of cash flows would be: $37,700
At the beginning of the recent period, there were 1,500 units of product in a department, 35% completed. These units were finished and an additional 7,000 units were started and completed during the period. 1,600 units were still in process at the end of the period, 25% completed. Using the weighted average method, the equivalent units produced by the department were:
Answer:
the equivalent units produced by the department is 8,900 units
Explanation:
The computation of the equivalent units produced by the department is shown below:
= Started & completed units + beginning units + 25% of ending units
= 7,000 units + 1,500 units + 1,600 units × 25
= 7,000 units + 1,500 units + 400 units
= 8,900 units
Hence, the equivalent units produced by the department is 8,900 units
. In January, Vorst Co. purchased a mineral mine for $2,640,000 with an estimated 1,200,000 of removable ore. After it has extracted all the ore, Vorst will be required by law to restore the land to its original condition at an estimated cost of $180,000. Vorst believes that it would be able to sell the property afterwards for $300,000. During the year, Vorst incurred $360,000 of development costs preparing the mine for production and it removed and sold 60,000 tons of ore. In its year-end income statement, what amount should Vorst report as depletion
Answer:
$144,000
Explanation:
Calculation to determine what amount should Vorst report as depletion
First step is to calculate the Depletion base using this formula
Depletion base= Purchase price +Development costs+Estimated restoration costs-Expected salvage value
Let plug in the formula
Depletion base=$2,640,000+ $360,000+$180,000-$300,000
Depletion base=$2,880,000
Second step is to calculate the depletion
Depletion= ($2,880,000 / 1,200,000 tons).
Depletion=$2.40 per ton
Now let calculate the Depletion expense
Depletion expense =$2.40 per ton ×60,000 tons sold
Depletion expense=$144,000
Therefore the amount that Vorst should report as depletion is $144,000