Answer:
The answer is given in detail below.
Explanation:
In the negligence case, the damages would be recovered if Frank (injured party) as a plaintiff would be able to prove that the Company's driver (Karen) owed him a duty of care, that the duty was breached by the company's driver, that the plaintiff (Frank) was injured and that the injury was caused due to the breach of the duty of care.
In the following case, the crane falling on Frank was the reason for his injury. Therefore, to prove that the duty of care was breached, Frank would have to connect the breach to the injury caused to him. This would require doing the foreseeability test, which questions the fact that the person who caused the injury could have reasonably foreseen the results of the action caused by them due to his or her misconduct. In this problem, the company's driver did breach the duty of reasonable care.
The relationships between the dependent variables and the independent variables used in causal forecasting methods are described by two measures. What following best describes these measures?
Answer:
Coefficient of Chaos and Coefficient of Exponential smoothing.
Explanation:
Coefficient of exponential smoothing is the measure to smoothly run the timeseries data without using moving average data. It helps the identification of relationship between dependent and independent variables. It is same as regression model technique which determines the extent of dependence of the two variables.
Investment X offers to pay you $4,020 per year for 12 years, whereas Investment Y offers to pay you $2,041 per year for 7 years. How much higher is the present value investment X if the discount rate is 11 percent? Round to nearest whole number.
Answer:
$16,481.68
Explanation:
Note that the present value of each yearly cash inflow can be determined using the formula provided below:
PV of cash inflow=cash inflow/(1+discount rate)^n
n is the year in which the cash inflow is expected, it is 1 for year 1 cash inflow, 2 for year 2 and so on.
PV of Investment X=$4,020/(1+11%)^1+$4,020/(1+11%)^2+$4,020/(1+11%)^3+$4,020/(1+11%)^4+$4,020/(1+11%)^5+$4,020/(1+11%)^6+$4,020/(1+11%)^7+$4,020/(1+11%)^8+$4,020/(1+11%)^9+$4,020/(1+11%)^10+$4,020/(1+11%)^11+$4,020/(1+11%)^12
PV of investment X=$26,099.27
PV of investment Y=$2,041/(1+11%)^1+$2,041/(1+11%)^2+$2,041/(1+11%)^3+$2,041/(1+11%)^4+$2,041/(1+11%)^5+$2,041/(1+11%)^6+$2,041/(1+11%)^7
PV of investment Y=$9,617.59
the difference in PV=$26,099.27-$9,617.59
the difference in PV=$16,481.68
Weighted-average method, spoilage, equivalent units. (CMA, adapted)
Consider the following data for November 2017 from MacLean Manufacturing Company, which makes silk pennants and uses a process-costing system. All direct materials are added at the beginning of the process and conversion costs are added evenly during the process. Spoilage is detected upon inspection at the completion of the process. Spoiled units are disposed of at zero net disposal value MacLean Manufacturing Company uses the weighted-average method of process costing
Physical Units Direct Materials
Pennants
Work in process, November 1 1,350 $ 966
Started in November 2017 ?
Good units completed and transferred 8,800
out during November 2017
Normal spoilage 80
Abnormal spoilage 50
Work in process, November 30 1700
Total costs added during November 2017 $10,302
aDegree of completion: direct materials, 100%, conversion costs, 45%
bDegree of completion: direct materials, 100%, conversion costs, 35%
Compute equivalent units for direct materials and conversion costs.
Answer:
Equivalent Units: Materials = 10630
Equivalent Units : Conversion = 9525
Explanation:
MacLean Manufacturing Company
Weighted-Average Method
Process Costing
Particulars Units % Of Completion Equivalent Units
Materials Conversion Materials Conversion
Units completed
and transferred 8,800 100 100 8800 8800
Add
Ending Inventory 1700 100 35 1700 595
Normal Spoilage 80 100 100 80 80
Abnormal Spoilage 50 100 100 50 50
Equivalent Units 10630 9525
The weighted average method equivalent unit production implies that the units completed and the ending inventory completed plus any spoilage normal or abnormal is taken is accounted for.
The weighted average method EUP can also be determined by adding the beginning units and units started
The normal and abnormal spoilage are taken 100 % because all the spoilage is evident once the goods are completed.
A not-for-profit art museum that has elected to capitalize its art collection receives a donation of a rare piece of Native-American art. The donor paid $10,000 for the piece several years ago. Today the piece has an estimated value of $50,000. What entry should the museum make upon receipt of this donation
Answer and Explanation:
No journal entry is required as the art museum has been elected so it is not capitalized also the value is increased i.e. from $10,000 to $50,000 so we should not capitalized it
So for this there is no requirement of passing the journal enry
Hence, the same is to be considered
Creating a Budget
Before you can make a spending plan that works for your particular situation, you'll need to understand your spending priorities. What must you spend money on, and what items do you simply want? First, make sure you understand the following terms:
budget: a plan for saving and spending
expenditure: the amount of money spent
necessity: an item that a person must have, such as housing, clothing, or food
luxury: an item that offers physical comfort or enjoyment but is not necessary for life and health.
1. Classify each of the following expenditures as a necessity or a luxury. If any item can be considered either a necessity or a luxury, depending on the situation, classify it as either.
Expenditure Necessity Luxury Either
a. Auto insurance
b. Clothing for school
c. Concert tickets
d. Dinner for two at the newest
e. restaurant in town Groceries
f. Music downloads
g. Medical treatment for strep throat
h. Theme park tickets
i. New car
j. Rent
k. School lunches
I. School ski trip
m. Cell phone service
2. For those items that you indicated could be either necessities or luxuries, describe when you would consider them necessities and when you would view them as luxuries.
MAKING A BUDGET
3. Income First, write down your weekly income: $______.
4. Expenditures For one week, keep track of all of your expenditures. At the end of the week, put the totals in the table below.
Weekly Expenditure Current Amount
Clothing $
Debt repayment (monthly payment + 4) $
Entertainment $
Food (including groceries, meals
out, and snacks) $
Rent and utilities (monthly payment = 4) $
Transportation (own car, ridesharing, public
transportation, etc.) $
Personal care items $
Other $
Total Weekly Expenditures $
5. Subtract your total expenditures from your weekly income.
6. Revised budget
At the end of the week, did you have any money left? Or did you spend more than you earned? If you want to make better use of your money, take a look at how you're spending it and decide where you can trim expenditures. You may find that you could be spending your money on something you really want.
Weekly Expenditure New Budget Actual Spending
Clothing $ $
Debt repayment (monthly payment + 4) $ $
Entertainment $ $
Food (including groceries, meals out,
and snacks) $ $
Rent and utilities (monthly payment + 4) $ $
Transportation (own car, ridesharing,
public transportation, etc.) $ $
Personal care items $ $
Other $ $
Total Weekly Expenditures $ $
7. Using your revised budget as a guide, record your income and expenses for another week. How much money were you able to save?
Answer:
a. Auto insurance - Expenditure
b. Clothing for school - necessity
c. concert tickets - luxury
d. Dinner for two at the newest - luxury
e. Restaurant in town groceries - expenditure
f. music downloads - luxury
g. medical treatment for strep throat - necessity
h. Theme park tickets - luxury
i. New car - luxury
j. Rent - expenditure
K. school lunches - necessity
l. school ski trip - expenditure
m. Cell phone service - necessity
Explanation:
2. Necessity is anything without which survival of a person is not possible. Luxury is anything which adds value to the living standard of a person but survival without such thing is possible.
3. My weekly income is $200
4. Clothing $20
Debt repayment $50
entertainment $30
Food $45
Rent and utilites $25
transportation $10
Personal care items $5
Others $3
total weekly expenditure $188
5. $200 - $188 = $12
6. Yes i have $12 as saving at the end of the week.
We have a $500,000 line of credit with a 10% compensating balance. The quoted interest rate is 4.5%. We need $200,000 for inventory for one year. What is the effective interest rate we are paying on this credit line
Answer:
5.0%
Explanation:
Calculation to determine the effective interest rate we are paying on this credit line
First step is to calculate cost of inventory we need
Inventory=$200,000/(1 - 0.10)
Inventory=$222,222
Second step is to calculate Interest paid
Interest paid = $222,222(.045)
Interest paid= $9,999.99
Interest paid=$10,000 (Approximately)
Now let calculate the Effective rate
Effective rate =$10,000/$200,000
Effective rate= 0.05*100
Effective rate=5.0%
Therefore the effective interest rate we are paying on this credit line is 5.0%
A student wants to buy a smartphone so she can share pictures with her friends. An insurance claims adjuster wants to buy a smartphone to document accidents (take pictures, write a report, etc.). If they both purchase the same model smartphone, such as an Apple iPhone, which statement is most accurate?
a. Both the adjuster and the student we potential customers because in their own way, they both benefit from the product.
b. The student is the prospective customer since there are more students buying smartphones for personal use than there are insurance adjusters buying smartphones for business use.
c. Neither the adjuster nor the student is a prospective customer since the company will pay for the adjuster's smartphone and the student's parents will pay for hers.
d. Only a person who has bought a smartphone previously is a prospective customer, only previous owners of smartphones benefit from buying new ones.
e. The adjuster is a prospective customer because the smartphone will be used for work, the student is only a secondary user since the purpose of the smartphone is just for entertainment
Answer:
Option A (Both the adjuster and the student we potential customers because in their own way, they both benefit from the product).
Explanation:
Both the adjuster and the student were potential customers as they were both buying the smartphone for either personal or official use. The adjuster sees the smartphone as a product or tool that could be used to make work efficient. The student sees the product as a luxury. Either way, they are buying the smartphone and as such, they are very important to the producers of the smartphone because the product is useful to both of them.
In March 2012, Yoshiro Inc.. decided to retire an outstanding bond issue before maturity. The coupon rate on the bond issue was 5%. The bond was issued in 2011 at an effective interest rate of 6%. On the day Yoshiro retired the bond issue, the market interest rate was 4%. Which of the following items would be decreased by the bond retirement transaction?
a. Cash from Operating Activities
b. Cash from Financing Activities
c. Cash from Investing Activities
d. Bonds Payable
e. Net Income
Answer:
b. Cash from Financing Activities d. Bonds Payable e. Net IncomeExplanation:
Bonds are a form of long term debt and in the cashflow statement this goes to the Financing section. A retirement of bonds would reduce cash and this would come from the Financing activities.
Bonds Payable will also decrease because the bond that is being retired will reduce the number of bonds payable that the company has to pay off.
Finally the Net income will reduce as well to reflect the loss on bond retirement. The bonds were issued at a discount owing to interest rates being higher than the coupon rate in 2011 but on the day the bonds were retired they were selling at a premium with interest rates at 4%. The company paid more than they received and this loss will reduce the net income.
On January 1, 2021, Tennessee Harvester Corporation issued debenture bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: Payment Cash Payment Effective Interest Increase in Balance Outstanding Balance 5,694,713 1 213,000 227,789 14,789 5,709,502 2 213,000 228,380 15,380 5,724,882 3 213,000 228,995 15,995 5,740,877 4 213,000 229,635 16,635 5,757,512 5 213,000 230,300 17,300 5,774,812 6 213,000 230,992 17,992 5,792,804 ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ 38 213,000 276,119 63,119 6,966,089 39 213,000 278,644 65,644 7,031,733 40 213,000 281,267 68,267 7,100,000 Required: 1. What is the face amount of the bonds
Answer:
1. $7,100,000
2. $5,694,713
3. 20 years
4. Effective interest method
5. 6%
6. 8%
7. $8,520,000
8. $9,925,287
Explanation:
1. Based on the information given the FACE AMOUNT of the bonds will be the Ending outstanding balance of $7,100,000
Therefore the face amount of the bonds is $7,100,000
2. Based on the information given the INITIAL SELLING PRICE of the bonds will be the beginning Outstanding balance of $5,694,713
Therefore Initial Selling Price of the bonds is $5,694,713
3. Calculation to determine the term to maturity in years
Term to maturity=40 years/2 (Semi annually)
Term to maturity=20 years
Therefore the term to maturity in years is 40 years
4. Interest is determined by EFFECTIVE INTEREST METHOD approach
5. Calculation to determine the stated annual interest rate
Annual interest rate=$213,000/$7,100,000*2
Annual interest rate=6%
Therefore the stated annual interest rate is 6%
6. Calculation to determine effective annual interest rate
Effective Annual interest rate=$227,789/$5,694,713*2
Effective Annual interest rate=8%
Therefore effective annual interest rate is 8%
7. Calculation to determine the total cash interest paid over the term to maturity
Total cash interest paid=$213,000*40
Total cash interest paid=$8,520,000
Therefore the total cash interest paid over the term to maturity is $8,520,000
8. Calculation to determine the total effective interest expense recorded over the term to maturity
Effective interest expense=$8,520,000+($7,100,000-$5,694,713)
Effective interest expense=$8,520,000+$1,405,287
Effective interest expense=$9,925,287
Therefore the total effective interest expense recorded over the term to maturity is $9,925,287
I need money help me!
Answer:
Leadership in restaurants calls for implementing systems that ensure the smooth running of the business. This means setting up systems that help with cash flow management, inventory tracking, staff management, training programs and others. That is not all.
Explanation:
Great knowledge of the restaurant business
Motivate your staff and recognize their achievement
Set Goals
Set training programs
Handle stress
Delegate wisely
Be approachable and trustworthy
Leaders in the restaurant industry are realizing that old vertical leadership styles don't bring the desired results. By generating resentment, dependence, passivity, feelings of inferiority or mistrust, they do not motivate people to give their best, to work with excellence and to be in a continuous learning process; nor do they encourage unity, collaboration, and synergy.
It is for this reason, a growing number of restaurant owners are beginning to practice service-oriented leadership, which I define as servant leadership.
Betty (25 years old) studied music education in college and graduated a year ago. She currently works as a music teacher at a year-round private middle school. Her gross pay is $39600 a year, or $3300 a month. After taxes, health insurance, and other paycheck deductions, her net pay is $35900 a year. Based on recommended guidelines, how much money should Betty be saving each month
Answer:
Based on recommended guidelines, Betty should be saving at least $598.33 each month.
Explanation:
a) Data and Calculations:
Gross pay per year = $39,600
Gross pay per month = $3,300 ($39,600/12)
Net pay per year after deductions = $35,900
Total deductions for taxes, health insurance, etc. = $3,700 ($39,600 - $35,900)
Net pay per month after deductions = $2,992 ($35,900/12)
b) Based on the 50-30-20 budgeting method of spending 50% income on essentials, saving 20%, and leaving 30% for discretionary purchases, Betty should be saving at least $598.33 per month ($2,992 * 20%).
a. State the total monthly budgeted cost formula. b. Prepare a budget report for August using flexible budget data. Why does this report provide a better basis for evaluating performance than the report based on static budget data
Question Completion:
Ratchet Company uses budgets in controlling costs. The August 2017 budget report for the company's Assembling
Department is as follows.
Ratchet Company
Budget Report
Assembling Department
For the Month Ended August 31, 2017
Difference
Favorable F
Manufacturing Cost Budget Actual Unfavorable U
Variable costs
Direct materials $48,000 $47,000 $1,000 F
Direct labor 54,000 51,200 2,800 F
Indirect materials 24,000 24,200 200 U
Indirect labor 18,000 17,500 500 F
Utilities 15,000 14,900 100 F
Maintenance 12,000 12,400 400 U
Total variable 171,000 167,200 3,800 F
Fixed costs
Rent 12,000 12,000 0
Supervision 17,000 17,000 0
Depreciation 6,000 6,000 0
Total fixed 35,000 35,000 0
Total costs $ 206,000 $ 202,200 $3,800 F
The monthly budget amounts in the report were based on an expected production of 60,000 units per month or 720,000 units per year. The Assembling Department manager is pleased with the report and expects a raise, or at least praise for a job well done. The company president, however, is unhappy with the results for August because only 58,000 units were produced.
Instructions
(a) State the total monthly budgeted cost formula.
(b) Prepare a budget report for August using flexible budget data. Why does this report provide a better basis for evaluating performance than the report based on static budget data?
Answer:
Ratchet Company
a. The total monthly budget cost formula is:
= $35,000 + $2.85x
where x = budgeted monthly units
b. Flexible Budget for August:
Ratchet Company
Budget Report
Assembling Department
For the Month Ended August 31, 2017
Difference
Favorable F
Manufacturing Cost Flexible Actual Unfavorable U
Variable costs
Direct materials $46,400 $47,000 $600 U
Direct labor 52,200 51,200 1,000 F
Indirect materials 23,200 24,200 1,000 U
Indirect labor 17,400 17,500 100 U
Utilities 14,500 14,900 400 U
Maintenance 11,600 12,400 800 U
Total variable 165,300 167,200 1,900 U
Fixed costs
Rent 12,000 12,000 0
Supervision 17,000 17,000 0
Depreciation 6,000 6,000 0
Total fixed 35,000 35,000 0
Total costs $200,300 $ 202,200 $1,900 U
c. A flexible budget report provides a better basis for evaluating the Assembly Department's performance as it uses the same activity level as the actual results with which the budget is compared.
Explanation:
a) Data and Calculations:
Flexing the variable costs:
Direct materials = $46,400 ($48,000/60,000 * 58,000)
Direct labor 52,200 (54,000/60,000 * 58,000)
Indirect materials 23,200 (24,000/60,000 * 58,000)
Indirect labor 17,400 (18,000/60,000 * 58,000)
Utilities 14,500 (15,000/60,000 * 58,000)
Maintenance 11,600 (12,000/60,000 * 58,000)
A sum of $5,000 is invested for five years with varying annual interest rates of 9%, 8%, 12%, 6%, and 15%, respectively (for example, in the first year 9% interest is accrued and 8% in the second year and so on). The future amount after 5 years is equal to ____________.
Answer:
The future amount after 5 years is equal to $8,036.04.
Explanation:
This can be calculated using the future value (FV) formula as follows:
FV after 1 year = Invested amount * (100% + Year 1 interest rate)^Number of year = $5,000 * (100% + 9%)^1 = $5,450.00
FV after 2 years = FV after 1 year * (100% + Year 2 interest rate)^Number of year = $5,450 * (100% + 8%)^1 = $5,886.00
FV after 3 years = FV after 2 years * (100% + Year 3 interest rate)^Number of year = $5,886 * (100% + 12%)^1 = $6,592.32
FV after 4 years = FV after 3 years * (100% + Year 4 interest rate)^Number of year = $6,592.32 * (100% + 6%)^1 = $6,987.86
FV after 5 years = FV after 4 years * (100% + Year 5 interest rate)^Number of year = $6,987.86 * (100% + 15%)^1 = $8,036.04
Therefore, the future amount after 5 years is equal to $8,036.04.
Note: The number of year used in each of the calculation above is 1 because the interest was changing after one year.
In analyzing present and future values of lump sums, the larger the interest rate and the larger the number of periods, the _________
Answer:
THE SMALLER THE PRESENT VALUE
Explanation:
The smaller is any future value.
The larger is any present value.
The smaller is any present value.
The smaller is any future value interest factor.
Let us illustrate with the following scenarios
1. 500 is to be received in 2 years. Interest rate is 10%. Present value is 413.22
2. 500 is to be received in 2 years. Interest rate is 20%. Present value is 347.22
3. 500 is to be received in 4 years. Interest rate is 10%. Present value is 341.51
It can be seen that the the larger the interest rate and the larger the number of periods
At the end of year 8, Shore Co. held trading securities that cost $17,500 and which had a year-end market value of $19,000. All of these securities were sold during year 9 for $22,000. For the year ended on December 31, year 8, Shore should report a gain of
Answer:
$1,500
Explanation:
Calculation to determine what Shore should report as a gain
Using this formula
Unrealized gain=Market value-Trading securities value
Let plug in the formula
Unrealized gain=$19,000-$17,500
Unrealized gain=$1,500
Therefore Shore should report a gain of $1,500
ou plan to deposit $5,900 at the end of each of the next 20 years into an account paying 10.8 percent interest. a. How much will you have in your account if you make deposits for 20 years
Answer:
$326,622.73
Explanation:
Calculation to determine How much will you have in your account if you make deposits for 20 years
Using this formula
Future value = Annuity × {( 1 + interest rate) ^ time period - 1} ÷ interest rate
Future value = $5,900 × {( 1 + 0.097 ^ 20 years - 1} ÷ 0.097
Future value= $5,900 × 55.3597842916
Future value= $326,622.73
Therefore the amount you will have in your account if you make deposits for 20 years is $326,622.73
explain the function of an office
Answer: An office is a place to preform different activities of a business organization
Explanation:
The office preforms clerical function such as information collection recording and analyzing.
stock co uses a job costing system the following debts appeared in stock work in process account for the month of april balance 4300 direct materials 26,4000 rate of 80% direct labor of 2300 what was the amount og direct materials charged to job no 5
Answer:
See below
Explanation:
The above information is incomplete. Concluding part from similar question is seen below.
Direct labor $16,000
Factory overhead $12,800
To finished goods ($48,000)
Therefore, the amount of direct materials charged to job is computed as;
= Balance + Direct materials + Direct labor + Factory overhead - Finished goods
= $4,300 + $26,400 + $16,000 + $12,800 - $48,000
= $11,500
The next step is to deduct the job Still in work in process charged with direct labor.
= $11,500 - $2,300
= $9,200
Hence, the amount of direct materials charged to job no 5 is $9,200
Select the correct revenue recognition principle for each of the following. Clear All Recognize revenue over the passage of time. Recognize revenue when the customer takes possession of the product. Recognize revenue when cash is collected. Recognize revenue when service is performed.
Answer:
Recognize revenue when service is performed.
Explanation:
Revenue recognition principle is an accounting principle which states that revenue should only be recognized when it is earned(when service has been rendered or completed) and not when cash is being collected.
What the above means is that revenue can only be earned when services are completed or rendered and not necessarily when payment is made. The reason is that payment may not be made for several weeks even after service has been rendered hence the principle or concept is incorporated into the accrual basis of accounting.
What are some items that you like to buy or wish you could buy?
Answer:
computer or brainly plus
In order to buy something you need enough money. I would buy something useful that I can still afford. Something like an sd card is something I've needed for a long time...
Springfield Bank holds $280 million in total deposits and $40.7 million in total reserves. With a required reserve ratio of 11.5 percent, how much in excess reserves is Springfield Bank holding?
a) $239.3 million
b) $247.8 million
c) $36 million
d) $32.2 million
e) $8.5 million
Answer:
e) $8.5 million
Explanation:
The computation of the excess reserve is shown below:
We know that
Excess reserve = total reserve - required reserve
where
Required reserve is
= Total deposits × required reserve ratio
= $280 × 11.5%
= $32.20
So, the excess reserve is
= $40.7 - $32.20
= $8.5 million
The costs and revenues associated with two alternatives are listed below: Alternative 1 Alternative 2 Projected revenue $ 100,000 $ 125,000 Unit-level costs 20,000 30,000 Batch-level costs 20,000 25,000 Product-level costs 15,000 15,000 Facility-level costs 10,000 10,000 Which alternative should be selected based on this information
Answer:
Alternative 2
Explanation:
Calculation to determine Which alternative should be selected based on this information
Item Alt. 1 Alt. 2
Alt. 1 Alt. 2
Projected revenue $100,000 $125,000
Unit-level costs (20,000) (30,000)
Batch-level costs (20,000) (25,000)
Product-level costs (15,000) (15,000)
Facility-level costs (10,000) (10,000)
Profit $ 35,000 $ 45,000
Thereforer Based on the above calculation the alternative that should be selected based on this information will be ALTERNATIVE 2 because it has a higher profit of the amount of $45,000
On January 1, 2020, Crane Company purchased 12% bonds having a maturity value of $430,000, for $462,600.36. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2020, and mature January 1, 2025, with interest received on January 1 of each year. Crane Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified in the held-to-maturity category.
1. Prepare the journal entry at the date of the bond purchase.
2. Prepare a bond amortization schedule.
Answer and Explanation:
1. The journal entry is given below;
On Jan 1, 2020
Investment in bond Dr $430,000.00
Premium on bond investment Dr $32,600.36
To Cash $462,600.36
(being the investment in bond is recorded)
2. The preparation of the bond amortization schedule is presented below;
Date Cash Interest Premium Carrying amount of
Received revenue Amortized bonds
1-Jan-20 $462,600.36
1-Jan-21 $51,600.00 $46,260.04 $5,339.96 $457,260.40
(12% of $430,000)
1-Jan-22 $51,600.00 $45,726.04 $5,873.96 $451,386.44
1-Jan-23 $51,600.00 $45,138.64 $6,461.36 $444,925.08
1-Jan-24 $51,600.00 $44,492.51 $7,107.49 $437,817.59
1-Jan-25 $51,600.00 $43,782.41 $7,817.59 $430,000.00
Which of the following is an example of transparency?
A. The project manager ensures that only the project sponsor and
other key executives know what the primary deadlines are.
O B. The project manager posts all the project information (schedule,
guidelines, etc.) to a location that is accessible by the entire team.
C. The project manager uses team meetings to encourage
employees to get to know one another.
O D. The project manager encourages the team members to think
"outside the box" and challenge the guidelines as much as
possible.
Cause
Answer:
B
Explanation:
The project manager is being transparent in this case by posting project information, scheduling, etc. so that it may be accessible to everyone on the team, not hiding anything or making anything exclusive and excluding specific people
The project manager posts all the project information to a location that is accessible to the entire team is an example of transparency. Thus, option B is correct.
What is transparency?
By providing project details, like food scheduling, online so that everyone on the team can view them, the project manager is acting transparently in this instance by not keeping something a secret or making it exclusive so as to exclude particular team members.
A project team's culture of honest interactions and visibility is characterized by clarity when it comes to project and resource management. From a managerial standpoint, it frequently involves being open and forthcoming with one another regarding the project as the team as a whole.
The manager of the project and team members can quickly discover and express concern about any problems that might impede the project's development thanks to the assignment's status transparency.
Therefore, option B is the correct option.
Learn more about transparency, here:
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Hau Lee Furniture, Inc., spends 50% of its sales dollars in the supply chain and finds its current profit of $21,000 inadequate. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment. Hau would like to improve the profit line to $26,000 so he can obtain the bank's approval for the loan. What percentage improvement is needed in the supply chain strategy for profit to improve to $26000
Answer: 7.1%
Explanation:
The cost of materials needs to reduce for the profit to increase. If the profit is to go from $21,000 to $26,000, the material cost would need to decrease by:
= 26,000 - 21,000
= $5,000
The current material cost is $70,000 so a decrease of $5,000 in percentage terms would be:
= 5,000 / 70,000 * 100%
= 7.1%
The new material cost would be:
= 70,000 - 5,000
= $65,000
Please answer the question posted in the attached image
Answer:
80
Explanation:
Years = 20
Compounding month = 4 (quarterly)
N is the number of compounding factors = 20 years * 4 periods per year = 80. So, the value of n in the F/A factor (for determining F/A factor the end of the 20 year period) is 80.
Management by exception is a practice whereby managers focus more closely on ________. Group of answer choices areas not operating as anticipated and less closely on areas that are operating as anticipated activity-based budgeting variances in the larger departments unfavorable variances
Answer:
Unfavorable variances because of their negative impact on profits.
Explanation:
Management by exception would refer the business management where it can focused on the identifying and handling the situations that could deviate from the norms, and suggested to a best practice by the managing of the project method
So here it could create an adverse variance of the negative effects
Therefore the same would be considered
Abel Corporation uses activity-based costing. The company makes two products: Product A and Product B. The annual production and sales of Product A is 320 units and of Product B is 640 units. There are three activity cost pools, with total cost and activity as follows:
Total Activity
Activity Cost Pools Total Cost Product A Product B Total
Activity 1 $25,530 950 200 1,150
Activity 2 $40,140 2,000 1,600 3,600
Activity 3 $10,649 150 250 400
The activity rate for Activity 2 is closest to:
a. 11.15
b. 20.07
c. 25.09
d. 42.25
Answer:
Activity 2= $11.15
Explanation:
Giving the following information:
Total Activity Activity Cost Pools Total Cost Product A Product B Total
Activity 2 $40,140 2,000 1,600 3,600
To calculate the activity rate for Activity 2, we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Activity 2= 40,140 / 3,600
Activity 2= $11.15
Nancy, age 67, plans to retire in six months. She has $200,000 in a savings account. She would like to receive lifetime monthly income which is guaranteed. A. Fixed life annuity B. Variable annuity C. Equity-indexed annuity
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Answer:
$591.50
Explanation:
5% of $6000 is $300
6% of $2000 is $120
Money left to account for is $10450-$8000 which is $2450
7% of $2450 is $171.50
So on $10450 of sales, Triq makes $591.50 in commission.