The total capitalization cost of the equipment = $13110
Fogelberg Company purchased equipment for $12,000.
The sales tax on the purchase was $600.
Other costs incurred were freight charges of $240, repairs of $420 for damage during installation, and installation costs of $270.
We know that,
Capitalization cost of the equipment = Purchase cost of equipment + Sales tax on purchase + Freight charges + Installation costs.
Capitalization cost of the equipment = $12,000 + $600 + $240 + $270
Capitalization cost of the equipment = $13110
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when the interest rate in the u.s. rises, u.s. financial assets become (more or less) more attractive to (foreign, domestic, or both foreign and domestic ) both foreign and domestic buyers.
Higher interest rates frequently draw foreign investment, which raises both demand for and the value of the currency of the host nation. Conversely, lower interest rates typically make a currency less valuable relative to other currencies and are less appealing to foreign investment.
What are the effects of an increase in interest rates?A rise in interest rates has an impact on aggregate demand through a leftward shift in the aggregate demand curve, a decline in real GDP, and a decrease in price level. Consumption, investment, and net exports all decline as the interest rate rises, which lowers aggregate demand.
A decrease in interest rates can boost business activity because it will make it possible for them to borrow more money for investments.
Because borrowing money will become more expensive with an increase in interest rates, company activity would decline.
Existing bond prices automatically fall on the market when the Fed raises interest rates. This is due to the upcoming release of new bonds that will pay investors greater interest rates.
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when it is hard to monitor worker productivity, employers often pay: a lower wage. a higher wage. a random wage. a wage based on worker qualifications.
When it is hard to monitor workforce productivity, employers often pay a lower wage. Hence, option A is appropriate.
What is the Workforce Productivity?The quantity of things and services which a group of employees generates in a specific period is known as workforce productivity. It is one of many productivity metrics used by economists.
The quantity of work (or output) generated by an employee during a given period is referred to as workforce productivity. You have the authority and duty to support your team members in producing their best work as a manager. There are three techniques to gauge staff productivity: measuring objectives the evaluation of work quality.
We prefer to evaluate the number of hours spent on the output generated during that time to determine workforce productivity. It is possible to calculate output per working hour in some nations, notably the United States, that collect statistics on hours worked.
Hence, option A is correct.
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Agnes Hammer is a senior majoring in management science. She has interviewed with several companies for a job when she graduates, and she is curious about what starting salary offers she might receive. She asked 12 of her classmates at random what their annual staring salary offers were, and she received the following responses
$28500 $35500
$32600 $36000
$34000 $25700
$27500 $29000
$24600 $31500
$34500 $26800
Compute the sample mean and sample variance for these data. (Please write down the calculation process)
Suppose the starting salaries are normally distributed, the mean is the same as the sample mean and variance is the same as sample variance that you calculate from the previous question. What is the probability that Agnes will receive a salary offer of less than $27000? (For probability of normal distribution, please use the probability table posted on Blackboard)
Suppose the starting salaries are normally distributed, the mean is the same as the sample mean and variance is the same as sample variance that you calculate from the previous question. What is the probability that Agnes will receive a salary offer of between $27000 and $40000 (meaning 27000<= salary <= 40000)? (For probability of normal distribution, please use the probability table posted on Blackboard)
Mean = 30516.67
Standard deviation, s = 3996.55P(x < 27000) = 0.0011518Step-by-step
explanation:
Given the data:28500 35500 32600 36000 34000 25700 27500 29000 24600 31500 34500 26800Mean, xbar = Σx / n = 366200 /12 = 30516.67
Standard deviation, s = [√Σ(x - xbar) / n-1]Using calculator, s = 3996.55
The ZSCORE = (x - mean) / s/√nZscore = (27000 - 30516.67) / (3996.55/√12)Zscore = - 3516.67 / 1153.7046Zscore = - 3.048P(x < 27000) = P(Z < - 3.049) = 0.0011518By standard deviation,
what do you mean?The term "standard deviation" (or "") refers to the degree of dispersion of the data from the mean. Data are grouped around the mean when the standard deviation is low, and are more dispersed when the standard deviation is high.
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suppose that you have a pumpkin stall at a farmer's market, and the halloween season arrives. you know that your customers will want to buy many pumpkins to decorate their houses and make pumpkin pies. which of the following is a likely result of this scenario? you will take fewer pumpkins to the market to sell. you will be able to sell only the highest-quality pumpkins. you will wind up with many unsold pumpkins. you can charge a higher price per pumpkin.
You'll bring fewer pumpkins to sell at the market. You will only be allowed to sell pumpkins of the finest caliber. You'll end up having lots of pumpkins that aren't sold. You can demand more money per pumpkin.
Why do you use the word "market"?
Market: A mechanism whereby commodities and services are exchanged as a result of contacts between buyers and sellers, whether directly or through intermediaries or institutions.
What kinds of markets are there?
Market categories:
A monopoly market is a system with has the characteristics of a pure economy.Oligopoly.Perfect rivalry.monopolistic rivalry.Monopsony.Oligopsony.Organic monopoly.To know more about Market visit:
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Answer:
1200
Explanation:
The whole is the unknown.
Set up a proportion with the known values and solve for the whole.
part = 720 customers, percent = 60%, whole = ? total customers
720?=60100
Multiply the numerator and denominator of a fraction by the
same number to determine an equivalent fraction.
StartFraction 720 Over question mark EndFraction = StartFraction 60 Over 100 EndFraction. Arrows going from 60 to 720 and from 100 to question mark are labeled times 12. 60×12100×12==720?
Solve for the whole.
?=100×12=1,200
the u.s. federal government collects about a. three-fourths of the taxes in our economy. b. one-half of the taxes in our economy. c. two-thirds of the taxes in our economy. d. one-third of the taxes in our economy.
A tax cut indicates a drop in the amount of money the public sector makes. As labour incomes are where the most taxes are imposed, such revenue is collected from residents, particularly from those who earn salaries.The correct answer is three-fourths of the taxes in our economy.
According to supply-side economics, a tax cut improves the amount of disposable income that citizens actually receive because there are fewer reductions in their take-home pay. As more individuals will be prepared to work and those who are currently employed will be motivated to put more effort into their tasks, this will act as an incentive and increase work figures and productivity figures.Tax reductions will boost the economy and eventually increase tax income.The short-term expenses of a tax cut would be totally offset by the higher government revenue from a faster-growing economy, and a tax cut might actually raise overall revenue.
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Percy’s gpa is 2.75, so he should list it on his résumé. please select the best answer from the choices provided
a. true
b. false
Percy’s GPA is 2.75, so he should list it on his résumé.
False
entered into a purchase commitment to buy 1,000 units of raw materials for $30 per unit. as of december 31, the purchase commitment is outstanding and the year-end market price is $28 per unit. smith should recognize
Smith should recognize a loss of $2000.
An unwavering promise to buy products or services from a provider is known as a purchasing commitment. Companies enter into purchase commitments to lock in specific pricing and occasionally to lock in a supplier's production capacity as a defensive measure to prevent rivals from exploiting the production capacity.
In the given question,
Units of Raw material = 1000
Unit Price = $30
Units of Raw material outstanding = 1000
Market Price = $28
Now,
Total Raw Material = $30,000
Total Raw Material Outstanding = $28,000
Loss/Profit Incurred = $28,000 - $30,000
Loss Incurred= ($2000)
Therefore, Smith Corp. should recognize a loss of $2000.
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A BLANK products life cycle does not have the characteristic shape, but instead shows growth, decline, and then reemergence months, years, or even decades later.
There are no specific stages that are typically associated with a product life cycle, as each product is unique and may have different factors that affect its growth and decline.
What do we mean by Product life Cycle?
The product life cycle describes the stages that a product goes through from the time it is introduced to the market until it is removed from the market. Introduction, growth, maturity, and decline are four stages of a product's life cycle.Many products are still in their early stages of maturity. The product life cycle describes how a product progresses through five distinct stages: development, introduction, growth, maturity, and decline.
Instead, a blank product life cycle can be thought of as a graph that shows a product's sales and market share over time, with periods of growth and decline as well as periods of stagnation.
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Which departments within the organization should have access to the marketing plan?.
The marketing plan should be available to the organization's marketing departments.
What are the primary duties of such a marketing professional?A marketing manager would conduct market research, comprehend consumer trends and preferences, develop marketing strategies and budgets, supervise the production of marketing materials or content, and carry out all other pertinent duties necessary to boost the company's sales.
What is included in a job description for marketing?The Bureau of Labor Statistics (BLS) reports that they keep an eye on market trends, plan marketing campaigns, create pricing and target marketing based on demographic data, and work with the company to promote what they have to offer.
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when an instrument is payable only at a specific time designated in the future, this is known as a(n) .
When an instrument is payable only at a specific time designated in the future, this is known as a demand instrument.
What is a demand instrument?In finance, a demand instrument refers to any instrument where the holder of that instrument has a right to require the redemption of that instrument at any time before the date specified in terms of that instrument as the date of redemption of that instrument.
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ones embezzled $10,000 from his company's account in bank a. at year-end he hid the shortage by making a deposit on december 31 in bank a, drawn on bank b. he has not recorded the transaction on the books. this is an example of:
Jones embezzled $10,000 from his company's account in Bank A. At year-end he hid the shortage by making a deposit on December 31 in Bank A, drawn on Bank B. He has not recorded the transaction on the books. This is an example of Kiting.
A bank is a type of financial institution that lends money, accepts deposits from the general public, and produces demand deposits. Banks can lend directly or indirectly by using capital markets.Since banks are crucial to a nation's financial stability and economy, most legal systems place strict regulations on them.
A system known as proportional reserve banking, in which banks hold liquid assets for just a portion of their short-term liabilities, has been institutionalised in the majority of nations.
The correct option is D.
The above question is incomplete, the complete question is-
Jones embezzled $10,000 from his company's account in Bank A. At year-end he hid the shortage by making a deposit on December 31 in Bank A, drawn on Bank B. He has not recorded the transaction on the books. This is an example of:
A. Effective cash management.
B. Related party transactions.
C. Lapping.
D. Kiting.
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it has long been recognized in both the strategy and operations literature that the most effective external sourcing relationships involve considerable and .
It has long been recognized in both the strategy and operations literature that the most effective external sourcing relationships involve considerable management time and coordination.
About management strategyBasically, strategic management is the process of making decisions, implementing actions and evaluating what has been done well in order to achieve the company's long-term goals.
This process is carried out continuously by evaluating and also controlling the internal business, conducting competitor analysis, and establishing strategies to be able to compete well.
After that, it is followed by re-evaluating the strategy on a more regular basis in order to be able to determine the actions that will be taken later and monitor its progress or be replaced by using another strategy.
This strategy must be applicable to all parties in the company in order to face competition and show the company's excellence.
The perspective concept will later be used when a problem has not arisen or as a plan that must be developed. While the descriptive concept will be applied in order to solve problems that must be resolved by the company.
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if a cpa firm is organized as an llp and an individual partner is involved in a negligent audit, another partner in the same cpa firm is personally liable: a. always b. if the partner operates out of the same office c. if the partner was involved in the audit in a supervisory role d. never
If the partner was involved in the audit in a supervisory role. (Option C)
How would you define audit?To ensure that all departments are using a documented system of documenting transactions, an auditor must examine or inspect multiple books of accounts in addition to physically examining inventory. It is done to check the correctness of the financial statements that the organization provides.
What is auditor misconduct?Gross negligence is significant in the context of professional negligence since it is considered professional misconduct. If auditors are found to have engaged in professional misconduct, they may be suspended or dismissed from their position.
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You should start to calculate your retirement need when: O It's always important, regardless of age. you are older than 55. O you have just retired. you will retire in a few years.
You should start to calculate your retirement need when you will retire in a few years.
Retirement is the stage of life when one decides to quit employment for good. Most industrialized nations, including the United States, have a government pension or benefits system in place to augment retirees' salaries, and the usual retirement age in most nations is 65.
The day you receive your first paycheck is the ideal moment to begin retirement planning. Starting your retirement planning as early as 25 ensures you have plenty of time to develop healthy habits and begin compounding funds.
You should strive to replace 70% of your yearly pre-retirement income, according to a standard rule of thumb. The calculator defaults to using this.
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A company paid $0.55 in cash dividends per share. Its earnings per share is $2.55, and its market price per share is $26.25. Its dividend yield equals:
Dividend yield for the corporation is 2%.
What exactly does this dividend yield actually tell us?The amount of a company's share price which is distributed as dividends each year, as indicated by the financial ratio called dividend yield.
A $20 share price with a $1 annual dividend, for instance, would equal a 5% dividend yield. A company's dividend yield may be consistently increasing if its dividend is increasing, its stock price is declining, or both. Depending on the circumstances, investors may view this as either a positive or negative development.Importance of dividend yield:
Investors who are approaching retirement, for instance, rely heavily on dividend income.The dividend yield of these investors' portfolios may have a major impact on their own finances, thus it is imperative that they select dividend-paying companies with proven track records and demonstrable financial health.For the stated question;
$0.55 is the 2% of the market price per share is $26.25.
Thus, the Dividend yield for the corporation is 2%.
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Which of the following generates a positive externality?
A) You buy a new car and find $5,000 in the door panel.
B) Your next-door neighbor mows the lawn at 6 A.M.
C) Your next-door neighbor installs a bat house and the bats eat mosquitoes.
D) Joe buys health insurance but decides not to take the time to get a flu shot.
In his yard, Gilberto grows a range of trees, shrubs, & flowers. The neighborhood is made beautiful by the landscaping. As a result, a favorable exterior will be produced.
What function does a shrub serve?Due to their widespread global distribution, shrubs are crucial for many species that are associated with them, including grazing and browsing mammals & livestock, birds, fungi, as well as invertebrates, as well as for ecosystem water balance, soil stabilization as well as production, carbon uptake and storage, and soil stabilization and production.
What kind of plant is a shrub?A shrub is a small and medium sized annual woody plant (sometimes referred to as a bush). Shrubs, as opposed to herbaceous plants, have woody stems that stick up above the ground. Both deciduous and evergreen shrubs are available. They differ from trees in that they have more stems and are shorter, standing less than
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which negative work behavior is one that can be minimized through organizational policies and managerial coaching?
One can minimize absenteeism through organizational policies and managerial coaching.
Policies are broad declarations of how an organization wants to act, whereas procedures specify the specifics of how to carry out a task or perform step-by-step.
Managerial coaching should provoke thought rather than impose instructions, and instead of lecturing, coaches should spend more time listening. In addition, team members must to be given the chance to take ownership of their own aims and goals.
Poor communication between employees and management is the cause of absenteeism. Employees' rights, such as the number of sick days and paid vacation days available as well as accessible paid leave options, must be made known to them by managers.
Therefore, proper policies and managerial coaching is essential to minimize absenteeism.
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Katie company issues $14 million in bonds. The bonds are well received by investors solely based on the excellent reputation and past performance of the company, its products, and its executives. Katie most likely is issuing a(n) _______ bond.
unsecured
secured
Katie most likely is issuing a debenture bond.
A debenture bond is a bond that is not secured by the issuer's assets. Instead, the bond is only backed by the issuer's reputation and integrity. To compensate investors for the increased risk of not having their funds repaid, this type of bond typically bears a higher rate of interest than a secured bond.
Debentures can pay periodic interest payments, which are also known as coupon payments. Debentures, like other types of bonds, are documented in an indenture. An indenture is a legally enforceable agreement between bond issuers and bondholders. The contract specifies the terms of a debt offering, such as the maturity date, the timing of interest or coupon payments, the method of calculating interest, and other details. Governments and companies both have the authority to issue debentures.
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a memorandum evidencing an oral contract must contain every term of the deal to be enforceable. group of answer choices true false
The statement, "a memorandum evidencing an oral contract must contain every term of the deal to be enforceable." is true.
A memorandum is a written communication that is frequently used in a formal setting. These messages, often referred to as "memos," are frequently succinct and made to be quickly understood. In order to implement dynamic and successful changes, memos can effectively communicate crucial information.
A memo, memorandum of understanding, memorandum of agreement, or memorandum of association are all examples of documents that serve as records of the terms of a transaction or contract in the law. In the business world, memos are frequently used by organizations for internal communication while letters are frequently used for external communication. A memorandum serves a variety of crucial purposes. Two of these include bringing problems to light and assisting in a problem's resolution through clear and concise communication.
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Robert Company purchased $100,000 of 8 percent bonds of Evergreen Corp. on January 1, 20x1, at $92,278. The bonds mature January 1, 20x16, and yield 10%. Interest is payable each July 1 and January 1. The market value on December 31, 20x1 was $92,500 and all bonds were sold for $93,300 on January 1, 20x2.Required: prepare journal entries on January 1, 20x1, July 1, 20x1, December 31, 20x1 and January 1, 20x2 assuming the bond investment is classified as(1) Held-to-Maturity(2) Trading(3) Available-for-SaleII. On November 1, 20x1, Bush Company issued 10% bonds with a face amount of $20 million. The bonds mature in 10 years. For bonds of similar risk and maturity, the market yield is 12%. Interest is paid semiannually on April 30 and October 31. Bush is a calendar-year corporation.Required:(1.) Determine the price of the bonds at November 1, 20x1.(2.) Prepare the journal entry to record the bond issuance by Bush on November 1, 20x1.(3.) Prepare the journal entries (using the effective interest method):a. December 31, 20x1b. April 30, 20x2c. October 31, 20x2*Assume no reversing entry is recorded on January 1, 20x2.(4.) What would be the journal entry if all bonds are retired at 103 on May 1, 20x3 right after the third payment.
On January 1st, 20x1, Robert Company paid $92,278 for $100,000 of Evergreen Corp.'s 8% bonds that were available for sale. 12% is the market yield. Interest is paid on April 30 and October 31 of each year. Bush is a company with a calendar year. The right response is $4,556,500.
On December 31x1, Fox should declare $4,556,500.
Bonds are currently valued $4,580,000.
$50,000 Bonds are currently valued $4,530,000.
From July 1 to December 31, the discount is amortised over a six-month period: Bonds are currently valued $4,580,000.
$50,000 Bonds are currently valued $4,530,000.
From July 1 to December 31, the discount is amortised over a six-month period: Interest Income = $226.00 ($4,530,00% x 10% x 6/12)
In terms of interest-bearing quantities, $5,000,000 times 8% times six months is $200,000.
Interest revenue less interest due is equal to discounted interest.
Discount amortised is calculated as $226500 less $200000, or $2650.
As a result, $4,530,000 + $26,500 is the total that Fox must declare as of December 31, 2020, multiplied by one.
Thus, On December 31x1, Fox should declare $4,556,500.
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currency swaps are mostly used by stable market economies who hedge risk by using the continuity and relatively low volatility of exchange rate fluctuations over time.
Currency swaps are used to achieve foreign money loans at a higher hobby fee than an enterprise may want to achieve via borrowing without delay in a foreign marketplace or as a way of hedging transaction hazards on foreign forex loans that it has already taken out.
One of the primary functions of swaps is the hedging of risks. as instance, hobby fee swaps can hedge towards hobby fee fluctuations, and foreign money swaps are used to hedge towards currency trading rate fluctuations.
A switch is an agreement or a derivative settlement among two parties for an economic trade to be able to trade coin flows or liabilities. through a switch, one party guarantees to make a series of payments in trade for receiving any other set of bills from the second birthday celebration.
Hedging the forex hazard of developed countries can provide you with a slight superb or poor return over 10 years, plenty larger profits or losses over five years, or even extra so over one year. if you want to avoid all currency income or losses you need to comply with a strict hedging method and keep on with it.
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big screen productions manufactures theatre seating and needs to economize on its inventory holding costs. the company plans to have materials arrive at the manufacturing plant when it is time for them to enter the production process rather than constantly keep them on hand at the facility. what system is big screen productions implementing?
The method that big-screen productions use is known as JIT, and it seeks to have supplies arrive at the manufacturing facility when it's time to start the production process rather than keeping them on hand continuously at the site.
The phrase "Just-in-time" (JIT) refers to a specific type of inventory system (management framework) that was developed to assist commercial organizations (companies) in lowering their production costs while increasing efficiency between suppliers and customers.
This ultimately implies that a just-in-time (JIT) inventory system restricts the delivery of raw materials at a business organization's manufacturing facility, such as a huge screen production, to the precise moment that they are needed for the production process.
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supplier development initiatives may be focused on (1) persuading an existing supplier to expand into new areas that meet the needs of the buying organization, and (2) locating a new, untried/unknown company and identifying potential areas of business.
True, Supplier development initiatives may be aimed at (1) convincing an existing supplier to expand into new areas that meet the needs of the buying organization, and (2) locating a new, untried/unknown company and identifying potential areas of business.
A supplier is a person, company, or organization that sells or supplies goods or equipment to customers. Factors such as supplier qualification results, performance evaluation, and strategic importance are used to classify suppliers.
The seller is commonly known as the supplier, whereas the receiver is known as the buyer. The supplier creates products and distributes them via a distribution channel. The goods are then sold to a wholesaler before being delivered to the final consumer.
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what are some of the many ways that global supply chains are more complex than purely domestic supply chains? (select all that apply.)
Supply chain complexity is caused by a variety of factors often the result of rising customer expectations for faster lead times, expanded products and services, and tailored experiences.
How does supply chain complexity rise as a result of globalization?Globalization in the context of supply chain management describes the method through which a corporation conducts its operations on a worldwide scale. Trade globalization gives businesses the chance to access new consumers in new markets, which drastically changes how successful manufacturers must conduct their business.
Everyone agrees that supply chains are complicated, that complexity is increasing over time, and that complexity raises the cost of operations. Therefore, experts need to find ways to lessen the negative effects that supply chains are having on their business operations.
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which of the following statements is true? group of answer choices with floating exchange rates, the foreign exchange market determines the exchange rate, whereas with a merging currencies approach, a nation adopts another country’s currency. with hard exchange rate pegs, the market determines the exchange rate with some intervention from the central bank, whereas with soft exchange rate pegs, the central bank sets a fixed currency. the main difference between floating exchange rates and soft exchange rate pegs is that the market completely determines soft exchange rate pegs, while floating exchange rates are influenced by central bank interventions on occasion. floating exchange rates are relatively stable, whereas merging currencies can change a great deal in a short time.
The true statement about a floating exchange rates is that with its adoption, the foreign exchange market can determines the exchange rate whereas with a merging currencies approach, a nation adopts another country’s currency. The Option A is correct.
What is a Floating Exchange Rate?In economics, a floating exchange rate refers to a regime whereby the currency price of a nation is set by the Forex market based on supply and demand relative to other currencies. This regime is in contrast to a fixed exchange rate in which the government entirely or predominantly determines the rate.
Most country's currency prices can be determined in two ways: either by a floating rate or a fixed rate. As the mentioned above, the floating rate is usually determined by the open market through supply and demand, therefore, if the demand for the currency is high, the value will increase. If demand is low, this will drive that currency price lower.
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which of the following are changes in accounting estimates? (select all that apply.) multiple select question. adoption of a new fasb standard. change in inventory costing method. change in useful life of a depreciable asset. change in estimate of periods benefited by intangible asset.
Changes to the pension plan's actuarial computations.
What have accounting estimations changed?
Accounting changes might take the form of certain accounting regulations, accounting forecasts, or auditor reports. Changes to the pension plan's actuarial computations. A change in the accounting estimate A shift in accounting principles refers to a modification of a method, such as switching from one depreciation method to another or from LIFO to FIFO stock valuation techniques.
In accrual basis accounting, estimates are utilized to increase the completeness of the financial statements by assuming typically unobserved but likely future events. These projections could later be updated when new data becomes available. Changes to the pension plan's actuarial computations. An estimate has a number of uses for the different stakeholders involved in the process. By doing so, he or she will be better able to decide if the assignment can be finished as suggested, needs to be modified, or has to be discontinued.
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suppose that the gdp of california increases by 11% each year. how long will it take for the gdp of california to double?
Based on the data above, years to double of California's GDP is 3,3 years. It can be calculated using gross domestic product formula.
GDP or also known as Gross domestic product generally can be defined as a monetary measure of the market value of all the final services and goods produced and sold in a specific time period by countries. Due to its complex and subjective nature this measure is often revised before being considered a reliable indicator.
The formula of GDP is:
Gross domestic product = gross private investment + private consumption + government spending + government investment + (exports – imports).
To calculate how long will it take for the GDP will double:
Years To Double: 72 / Expected Rate of Return
Years To Double: 72 / 22%
Years To Double: 3,3 Years
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Customer ________ refers to human or mechanical activities undertaken by firms to help satisfy their customers' needs and wants.
Customer service refers to human or mechanical activities undertaken by firms to help satisfy their customers' needs and wants.
Customer service can be described as the help that is provided by businesses to their customers if they have any needs, questions, or wants.
Customer service is present in a small communication bar on the company's website. You cancommunicate either with a human or a mechanical computer when using customer service. There are also phone numbers present as a part of customer service where you can talk to a representative and ask all about your queries.
Some businesses also have small places for customer services inside a mall or a shop in order to assist the customers.
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Second Chance Welding rebuilds spot welders for manufacturers. The following budgeted cost data for 2020 is available for Second Chance. Material Loading Time Charges Charges $192,400 Technicians' wages and benefits $39,600 Parts manager's salary and benefits Office employee's salary and benefits 51,800 9.400 Other overhead 14,800 19,600 Total budgeted costs $259,000 $68.600 The company desires a $39 profit margin per hour of labor and a 27.00% proft margin on parts. It has budgeted for 7,400 hours of repair time in the coming year, and estimates that the total invoice cost of parts and materials in 2020 will be $392,000. Compute the rate charged per hour of labor. Labor rate $ per hour Compute the material loading percentage. (Round answer to 3 decimal places, e.g. 10.501%.) Material loading percentage % Pace Corporation has requested an estimate to rebuild its spot welder. Second Chance estimates that it would require 38 hours of labor and $2,800 of parts. Compute the total estimated bill. (Round answer to 2 decimal places, eg. 10.50.) Total estimated bill
According to budgeted cost data total estimated bill is $6858
Budgeted cost per labor hour 35 = 259000/7400
+Profit margin 39
Labor rate 74 per hour
Material loading charges 17.5% = 68600/392000
+Profit on parts 27%
Material loading percent 44.5%
Labor charges 2812 = 38×74
Materials parts 2800
Material loading charges 1246 = 2800×44.5%
Total estimated bill 6858
Budgeted cost data- Budgeted costs are anticipated future costs that the company anticipates racking up in the future. In other words, based on anticipated revenues and sales, it is an estimated expense that management anticipates will be incurred in a future period.
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In effect, a _____ states that, regardless of policies in the employee handbook and regardless of any oral promises to the contrary, an employment-at-will situation still exists between the employer and its employees.
quasi-contract
disclaimer
relinquishment
waiver
In effect, a disclaimer states that, regardless of policies in the employee handbook and any oral promises, an employment-at-will situation still exists between the employer and its employees.
Disclaimer is used as a risk mitigation in business that states necessary information, clauses, laws, and claims before involving in any type of exchange of services, whether employees or a business partner. Business owners have a huge legal responsibility while operating any type of business online or in shops. Disclaimer reduces some of the legal responsibilities by putting such information on their products and services.
Disclaimers save companies from legal claims associated with third-party risk and users. It states legal texts to save the business from any legal action. In the question, the disclaimer states the conditions of employment-at-will situation.
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