Merchandisers hold merchandise inventory, which consists of products acquired in a finished condition that are available for sale.
The cost of completed products (COGS) that a retailer or wholesaler has on hand to sell to its clients during a specific accounting period is referred to as merchandise inventory. The price of the books or periodicals a bookshop has for sale would be considered part of its goods inventory.
Put the amount of the ending inventory for merchandise inventory in the Balance Sheet Debit column. When recording unearned revenue, place the revenue account in the Income Statement Credit column and the unearned revenue account in the Balance Sheet Credit column.
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a company's earnings and dividends are growing at a constant rate of 5%. last week, the company paid a dividend of $3.20. if the company's required rate of return is 13%, what should be the price of the stock three years from now? (do not round intermediate calculations, but round the final answer to two decimal places.)
The price of the stock three years from now will be Option B which is $63.38
Share price 3 years from now = Dividend for 4th year / (Required rate - Growth rate)
Dividend for 4th year = Current dividend * (1+Growth)^Number of years
= 3.20×(1+5%)⁴/(13%-5%)
= $63.38
So, Option B is the correct answer which is the price of the stock three years from now will be $63.38.
A stock profit is a profit paid to investors as extra offers in the organization. Stock profits are not burdened until the offers conceded are sold by their proprietor. Like stock parts, stock profits weaken the offer cost, however similarly to cash profits, they additionally don't influence the worth of the organization.
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Benson, incorporated manufactures a single product and uses the plantwide overhead rate method. The company's plantwide overhead rate is $25 per machine-hour (mh) used. Their single product uses 10,000 mh, has direct material cost per unit of $10. 96 and direct labor cost of $3. 84 per unit. The total overhead cost is expected to be:
Benson, incorporated creates a single product and employs a plantwide overhead rate approach, claims the query. The entire projected overhead expense is $15.00.
What does the term "manufacturers" mean?
A manufacturer is a person or business that turns raw materials into finished products using a variety of tools, machinery, and procedures, and then sells those directly to customers, wholesalers, retailers, traders, or other manufacturers who may use them to make more complicated products.
What various manufacturers are there?
The six different production techniques
food production.mills producing textiles.fabrication of clothing.the production of wood products.chemical production.production of electronic and computer products.To know more about Manufactures visit:
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Ernst, Frieda, and Gertrude bought Blackacre, a three-bedroom house, and took title as tenants in common. They bought Blackacre as an investment and planned to rent it out. However, Frieda and Gertrude loved the house and decided to move in. Ernst wants Frieda and Gertrude to pay him rent for living in a house that is one-third his, after all. Frieda and Gertrude flat out refuse to do so and tell him he's free to move in with them if he wants to. Which of the following is true?
A. Frieda and Gertrude owe Ernst two-thirds of the rental value of the house.
B. Frieda and Gertrude owe Ernst one-third of the rental value of the house.
C. Frieda and Gertrude do not owe Ernst rent, but the value may be taken into
account in determining liability for carrying charges such as insurance in an accounting action.
D. If the three were joint tenants instead of tenants in common, Frieda and Gertrude
would have to pay Ernst rent.
Ernst does not owe Frieda and Gertrude rent, but the value may be considered in determining liability for carrying charges such as insurance in an accounting action is true.
Accounting is the measurement, processing, and communication of financial and non-financial information about economic entities such as businesses and corporations.
Accounting standards are authoritative financial reporting standards that serve as the primary source of generally accepted accounting principles (GAAP).How to recognize, measure, present, and disclose transactions and other events in financial statements is outlined in accounting standards.
Hence, the correct answer is "C" option.
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In the book, Journey to the Emerald City, Roger Connors and Tom Smith identified the first step to creating a culture for
accountability as:
a) Take action on beliefs
b) Identify beliefs to produce desired action
c) Identify desired results
Answer:
Explanation:
C Identify desired results
assume that you have a balance of $3000 on your mastercard and that you make no more charges. assume that mastercard charges 13% apr and that each month you make only the minimum payment of 5% of the balance. what will the balance be after 30 months? enter your answer rounded to two decimal places.
The balance after thirty months would be $881.57.
Balance after the minimum payments is calculated as follows:
Initial balance * ((1+r)(1-m))^t
Where r = APR/12 and m = monthly minimum per cent
The Given information is:
Initial balance = 3000
R = .13/12 = 0.01083 and
m = 0.05
Putting these values in the formula, we get
3000*((1+0.01083)(1-0.05))^t = 3000*(1.01083*0.95^t
= 3000*(0.960)^t
So we have the equation = 3000*(0.960)^t.
To find the balance after 30 months, put the value of t in the equation above,
We know, t = 30 then,
3000*(0.960)^30 = 3000*0.2938 = 881.57
So we will have an amount of at least $881.57 after six years.
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mark the correct answer. 1. an import tariff always generates a loss in consumer surplus. (a) true (b) false 2. an import tariff imposed by the home country always generates a loss in the home country’s surplus. (a) true (b) false 3. an import tariff imposed by the home country always generates a loss in worldwide surplus. (a) true (b) false 4. protection of infant industries is one of the few examples where tariffs are always justified. (a) true (b) false 5. the wto prohibited all sorts of quotas in most industries.
An import tariff always generates a loss in consumer surplus. (a) true.
A consumer surplus happens when the fee that purchasers pay for a product or service is less than the fee they may be willing to pay. it's a degree of the additional advantage that clients receive because they are paying less for something than what they had been willing to pay
Client surplus reflects the amount of software or advantage customers acquire when they purchase products and services. customer surplus is crucial for small corporations to remember because customers that derive a big gain from buying products are more likely to buy them again inside the destiny.
A surplus describes the amount of an asset or resource that exceeds the element it is actively utilized. A surplus can discuss with a host of various gadgets, which include profits, earnings, capital, and items. inside the context of inventories, a surplus describes products that remain sitting on keep cabinets, unpurchased.
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in some cases when the labor market is inefficient, a minimum wage appears to cause a small amount of . in others, it seems to change who is .
In some cases when the labor market is inefficient, a minimum wage appears to cause a small amount of unemployment it seems to change who is employed.
A wage is money paid to an employee by their employer for labor completed over a certain amount of time. Wage payments include remunerative payments like rewards and tip payouts as well as compensation payments like the minimum wage, prevailing wage, and annual bonuses. Wages are a component of the costs associated with operating a business. Regardless of the company's prosperity, it is a duty to the employee.
Payment by wage contrasts with salary, where the employer pays a set sum at regular intervals (such as a week or month) regardless of the number of hours worked, commission, where pay is contingent on individual performance, and compensation based on the performance of the company as a whole.
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A country that advances its national interests abroad by prioritizing international cooperation, compromising with foreign allies, and participating in international organizations such as the united nations is following a _____.
A country that advances its national interests abroad by prioritizing international cooperation, compromising with the foreign allies, and participating in the international organizations such as united nations is following multilateralism grand strategy.
What is multilateralism?Multilateralism is the term used to describe a group of nations working together to achieve a shared objective in international affairs. In the form of membership in international institutions, multilateralism seeks to bind strong states, deter unilateral, and offer lesser powers a voice and influence they would not otherwise have. Minor countries teaming together to collectively bind a larger one can be an effective Lilliputian method for a small power to influence a huge power. Similarly, multilateralism may provide one superpower the ability to influence another. It could be expensive for a great power to attempt to exert influence through bilateral ties; it might necessitate compromise and negotiation with the other great power.
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the reasons section of a bad-news message need not emphasize how the audience will benefit from the decision.
The statement 'the reasons section of a bad-news message need not emphasize how the audience will benefit from the decision' is true.
In the field of business, a bad news message is a message in which the message is negative. When getting a bad news message, it is the right of people to know why the bad news was implemented.
For doing so, the broker of the bad-news message should emphasize the benefits and the reason that the decision was raked. Otherwise, people can retaliate with violence if a proper reason or benefits of the bad news are not provided.
The question will correctly be written as:
The reasons section of a bad-news message need not emphasize how the audience will benefit from the decision. True or False
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the per-unit standards for direct labor are 2 direct labor hours at $15 per hour. if in producing 1,800 units, the actual direct labor cost was $48,000 for 3,000 direct labor hours worked, the total direct labor variance is question 7 options: $6,000 favorable. $3,750 unfavorable. $1,800 unfavorable. $6,000 unfavorable
The total direct labor variance is : $6,000.
Direct labor variance is the effect of the differences between the wage rate or the number of hours worked in actual and the projected or expected. Shown below are the procedures to which the inputs to the equations were calculated.
Standard Rate = (2 direct labor hour) x ($15/hour) x (1800) = 54,000
Actual Direct Labor cost = $48,000
The variance is calculated by subtracting the actual cost from the standard rate.
Variance = ($54,000) - ($48,000)
Variance = $6,000
Therefore, the variance to the given data is $6,000.
Labor is the quantity of physical, intellectual, and social attempt used to supply goods and offerings in an economic system. It elements the understanding, manpower, and service needed to turn uncooked substances into finished services and products.
Physical labour is that during which the laborer has to go through a awesome deal of bodily exertion. 1. intellectual labour involves plenty of intellect of an individual.
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Starfish shells had a beginning balance in notes payable of $35,000 and an ending balance of $40,000. This will be reported as _____ on the statement of cash flows.
Starfish shells had a beginning balance in notes payable of $35,000 and an ending balance of $40,000. This will be reported as an increase of $5,000 in the cash flows from the financing activities section on the statement of cash flows. Thus, option C is correct.
What is a cash flow?The total amount of money of liquidity coming into and going out of a business is referred to as cash flow. Spending money and money obtained reflect inflows and outflows, respectively. A cash flow is a physical or virtual transportation of funds; in its strictest definition, it refers to a transaction, particularly one made by one central bank institution to another.
Beginning balance of the note payable less the final balance
= $40,000 - $35,000
= $5,000
Therefore, option C is the correct option.
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The question is incomplete, the complete question is:
an increase of $5,000 in the cash flows from investing activities section a decrease of $5,000 in the cash flows from investing activities section an increase of $5,000 in the cash flows from the financing activities section a decrease of $5,000 in the cash flows from financing activities section
a portfolio has 45% of its value in ibm shares and the rest in microsoft (msft). the volatility of ibm and msft are 33% and 35%, respectively, and the correlation between ibm and msft is 0. what is the standard deviation of the portfolio?
The standard deviation of the portfolio is 0.3410.
If the volatility of IBM is 33% and that of Microsoft is 35% and (b) the stocks have a correlation of 0.0, then by combining them in a 2-stock portfolio weighted 45% to IBM and 55% to Microsoft, the overall volatility of the portfolio will be the weighted average of the stocks' volatility. No consideration for correlation is necessary, given the 0.0% measure. The work is below.
Volatility = 0.45 * 0.33 + 0.55 * 0.35 = 0.3410
The returns of two assets that exhibit zero correlation move in completely unrelated directions. A portfolio is a living and changing collection of records that reflects your accomplishments, skills, experiences, and attributes. We'll highlight some examples of your best work, along with your life experience, values, and accomplishments.A portfolio is not a replacement for your resume, but it should reflect your skills and what you can offer in your chosen field. can be emphasized.
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Paul expressed frustration that the same advertisement was aired several times during aprogram. His frustration was with the ______ of the ad.A)click-through rateB)impressionsC)frequencyD)gross rating pointsE)reach
Paul expressed frustration that the same advertisement was aired several times during a program. His frustration was with the frequency of the ad.
Top-of-thoughts consciousness is whilst clients imply that they recognize the emblem whilst the call is offered to them. Betty is assessing the impact of her firm's advertising communications. She ought to recall that the remaining purpose is to force the receiver to action.
Targeted advertising is discovering and knowledge your potential customers' pastimes and desires so that you can consciousness your message — and your advertising budget — at the unique target market phase maximum probable to buy your product or service.
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sheldon has a $15,000 liability for a machine that has an interest rate of 10%. the interest expense for one year is? multiple choice question. $15,000
Sheldon owes $15,000 for a machine with a 10% interest rate. The cost of interest is $1500 per year.The interest that lenders charge borrowers is calculated as a percentage of the principle, or lent amount.
The annual percentage rate, or APR, is a common metric for expressing the interest rate on a loan (APR). Rates of interest may also apply to money earned via a savings account or certificate of deposit at a bank or credit union (CD). These bank accounts' interest rates are expressed in terms of annual percentage yields (APY). In essence, the borrower is charged interest for using the asset. Lent assets include cash, consumer items, automobiles, and real estate. Because it raises the cost of borrowing the same amount of money, an interest rate may be thought of as the "cost of money".
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brian owns a company that makes inexpensive replacement parts for bicycles. he's ready to increase the scale of his business and wants to use display ads to drive sales. which feature of a display ads will help brian achieve his business objectives?
The feature of the display ads that can help Brian achieve his business objectives will be d) his ads can appear on websites relevant to bicycles, and therefore connect him to his potential audience.
In order for an ad to make influence on the market, the ad should be set in such a way that it is able to target the right audience.
As the company of Brian is concerned with replacements for bicycles, hence when using display ads he needs to target an audience that will be relevant to bicycles. Hence, the best strategy for Brian to reach his objective will be to make his display ad appear on websites that are relevant to bicycles as his target market will be visiting these websites most likely.
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question 1 scenario 1, questions 1-9 you have been working as a junior data analyst at bowling green business intelligence for nearly a year. your supervisor, kate, tells you that she believes you are ready for more responsibility. she asks you to lead an upcoming client presentation. you will be responsible for creating the data story, identifying the right tools to use, building the slideshow, and delivering the presentation to stakeholders. your client is gaea, an automotive manufacturer that makes eco-friendly electric cars. for the past year, you have been working with the data team in gaea’s bowling green, kentucky, headquarters. for the presentation, you will engage the data team, as well as its regional sales representatives and distributors. your presentation will inform their business strategy for the next three-to-five years. you begin by getting together with your team to discuss the data story you want to tell. you know the first step in data storytelling is to engage your audience. a big part of audience engagement is knowing how to eliminate less important details. what practice do you use to scan quickly through the data in order to identify the most important insights?
It is to be noted that given the above scenario, the practice you can use to scan quickly through the data in order to identify the most important insights is called Spotlighting.
What spotlighting in data analysis and why is it important?Spotlighting is a technique for displaying discrete thresholds depending on a measure's values. For example, you might color-code sales so that those over 10,000 display green and those under 10,000 look red. A spotlighting calculation is just a subset of a computation that yields a discrete measure.
This type of interaction shows that for each group, the slopes of the best-fitting regression lines between the continuous predictor and the outcome are not parallel. The disparity in those slopes is the simplest way to comprehend this.
Most of the time, researchers have experimental and control groups to compare. The impact of age may be intriguing and relevant to explore. However, if your study topic is on the difference between the groups rather than the influence of age, you should interpret the data accordingly.
A better approach to express what is truly going on is to characterize the interplay in terms of the influence of Conditions at different ages. This is known as spotlight analysis.
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which of the following is true about business decision-making failures? a. they are inevitable. b. they can be avoided with more information. c. they can always be avoided with proper planning. d. they are to be avoided at all costs.
They can always be avoided with proper planning. The correct answer is option (b).
What is decision-making failures?Decision-making is the process of selecting the alternative or course of action that best suits one's needs. Managers in an organization take a number of steps to decide the planned route for business goals and to start specific actions.
Many poor decisions result from a decision-making process that was too hasty and didn't include the essential brainstorming stage or a sufficient consideration of all the potential outcomes of each possibility. Making decisions that are supported by knowledge and reason can help the business achieve long-term success.
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a two-year bond with par value $1,000 making annual coupon payments of $100 is priced at $1,000. what is the yield to maturity of the bond?
A two-year note with a face value of $1,000 and an annual coupon payment of $100 is worth $1,000. The yield to maturity is the coupon rate and 10% is the yield to maturity of the bond.
In finance, the yield of a security is a measure of the prior rate of return of the holder of the security. This is one component of investment return, another component is the change in the market price of the security.
Yield has several different meanings. One is "produce or provide (something like a plant or crop)" or "produce (something) as a result of time, effort, or labor." Here are some examples of this usage. This soil gives a good harvest. The trees have brought a bountiful harvest this year.
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California Pizza Kitchen (CPK), a well-known restaurant throughout the State of California, decides to open its first establishment in Nevada just off the Las Vegas Strip. The reason why CPK wanted to open in this location was because the NFL has plans to move a team from Oakland to Las Vegas in time for the upcoming football season and they wanted to be the closest pizza shop to the stadium, which is being built right now. CPK opens and initially business is slow. Earlier today, the NFL announced that due to financing falling through with potential ownership that there would be no team coming to Las Vegas for the foreseeable future and that no stadium is going to be built. Upon hearing this news, CPK sues the NFL and the potential ownership group in Las Vegas for breach of contract, as the restaurant expected significant profits from the team's move to Las Vegas, which they will now not receive. Which of the following best describes how the court will rule in this case? CPK is not entitled to damages for the NFL's alleged breach of contract because the NFL never agreed to a novation for CPK's opening of its restaurant. CPK is not entitled to damages for the NFL's alleged breach of contract because CPK is an incidental beneficiary. CPK is entitled to damages for the NFL's breach of contract because CPK is a donee beneficiary. CPK is entitled to damages for the NFL's alleged breach of contract because CPK is a creditor beneficiary
The correct option is (b). CPK is not entitled to damages for the NFL’s alleged breach of contract because CPK is an incidental beneficiary.
An economic unit–business or business–at a single geographic vicinity, wherein enterprise is carried out or wherein offerings or commercial operations are finished. An established order isn't always equal to an agency or company, which may additionally consist of one or extra establishments. status quo refers to the level inside the statistical hierarchy under the business enterprise inside the business sign in the statistical hierarchy, and at which the accounting facts required to measure products are available (principal inputs, revenues, salaries, and wages).
The status quo level includes your preliminary activity search, making use of a job, and accepting your first long-time period position. Organizational shape provides steering to all employees by means of laying out the authentic reporting relationships that govern the workflow of the organization.
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which asset has the highest liquidity? group of answer choices 500 shares of apple stock deposits in a savings account a rembrandt painting a vacation home
The asset , which has highest liquidity will be cash.
Because cash could be just now in the form of money, it serves as the most liquid asset. Physical currency, savings account balances, as well as checking account balances are all included. Foreign currency is also included, albeit certain foreign currencies could be challenging to convert into a relatively local currency.
Cash serves as the most liquid asset, commodities have varying levels of liquidity, and fixed assets are often nonliquid. Real estate, for instance, would not be regarded a liquid asset.
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often negotiators cannot change their relative power positions. this is a drawback to which negotiation approach?
conditions of the situation Negotiators frequently are unable to shift their relative power positions. This is a disadvantage of the bargaining strategy.
Which approaches are crucial in negotiations?In an ideal world, cooperation would be possible in every negotiation, but this necessitates a few crucial elements, such as a constructive and cooperative attitude on the side of both parties and enough resources available for the parties to split.
Which negotiation strategy works best?Most studies show that cooperative negotiators develop more innovative solutions that improve everyone's outcomes than hard bargainers do. Weingart asserts that cooperative negotiators also frequently exhibit higher levels of satisfaction with the negotiation process and its results.
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Rachel received $650 for her birthday. she purchased a surfboard for $477 and some additional accessories without spending more than the money she received. she wrote the inequality 477 x < 650. is the inequality correct? yes, because 477 and an unknown amount is less than 650. no, because 477 and an unknown amount is greater than 650. no, because the inequality symbol should be less than or equal to 650. no, because x should be subtracted from 477.
No, since the inequality symbol must be lower than or equal to 650, option (c).
What do the five symbols for inequality mean?An inequality is a mathematical connection between two expressions and is expressed using one of the following: "less than or equal to," "less than," or "not equal to."
The five inequality symbols used in mathematics are greater than symbol (>), less than symbol (<), greater than or equal to symbol (≥), less than or equal to symbol (≤), and not equal to symbol (≠).
Amount Rachel received as a birthday gift = $650
cost of the surfboard = $477
Let's say that you spent x on extra accessories.
total expenditure = 477 + x
The inequality sign between the amount spent and the total amount received will be less than or equal if she doesn't spend more than she received.
The equation will therefore be 477 + x ≤650
Rachel's inequality is false.
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Answer:
c: no because the inequality symbol should be less than or equal to 650
Explanation:
just did it on edge
marty's merchandise has budgeted sales as follows for the second quarter of the year: april $ 30,000 may $ 60,000 june $ 50,000 cost of goods sold is equal to 70% of sales. the company wants to maintain a monthly ending inventory equal to 120% of the cost of goods sold for the following month. the inventory on march 31 was below this target and was only $22,000. the company is now preparing a merchandise purchases budget for april, may, and june. the budgeted purchases for may are:
Using accounting computations, the budgeted purchases for May for Marty's Merchandise are $31,600.
How are the budgeted purchases determined?Budgeted purchases are the difference between the cost of goods available for sale and the beginning inventory.
The cost of goods available for sale can be computed in two ways.
Firstly, it can be computed as the sum of f beginning inventory and purchases or production.
Secondly, it can be computed as the sum of the ending inventory and the cost of goods sold.
Ending inventory = 120% of the Cost of goods sold
Ending inventory for March = $22,000
Cost of goods sold = 70% of sales
April May June
Budgeted sales $30,000 $60,000 $50,000
Cost of goods sold $21,000 $42,000 $35,000
Ending inventory $50,400 $42,000
Cost of goods available
for sale $71,400 $82,000
Beginning inventory 22,000 50,400
Budgeted purchases $31,600
Thus, using some computations, the budgeted purchases for May are $31,600.
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Many managers believe that being empowered to create their own self-_____ budgets is the most effective method of budget preparation.
Many managers believe that being empowered to create their own self-imposed budgets is the most effective method of budget preparation.
What is budget?
A budget is an estimate of income and expenditures for a given future period of time, and it is often created and updated on a regular basis. A individual, a group of people, a corporation, a government, or pretty much anything else that makes and spends money can all have budgets.
Budgeting is essential if you want to control your monthly spending, be ready for life's unforeseen events, and be able to buy expensive products without falling into debt. It doesn't have to be tedious, you don't have to be good at math, and keeping track of your income and expenses doesn't mean you can't buy the things you want. It simply means that you will be more aware of where your money is going and that you will have more financial control.
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for their hostile financial takeovers, entrepreneurs like michael milken and ivan boesky used high-risk securities known as
For their hostile financial takeovers, entrepreneurs like Michael Milken and Ivan Boesky used high-risk securities known as Junk bonds.
Entrepreneurship is the introduction or extraction of economic price.[1][2][3] With this definition, entrepreneurship is viewed as an exchange, commonly entailing risk beyond what is generally encountered in beginning a commercial enterprise, which can also encompass different values than sincerely monetary ones. An entrepreneur is an person who creates and/or invests in a single or more organizations, bearing maximum of the risks and enjoying most of the rewards.
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Assuming net income for the year is $115,000, what is the net cash flows activities given the following information: Increase in salaries Payable D $15,000
epreciation Expense $ 6,000
Increase in Prepaid Rent $24,000
Loss on sale of asset $1,000
Increase in Accounts Payable $25,000
Increase in Inventory $50,000 Multiple Choice a. $112.000 b. $88,000. c. $118,000. d. $188,000
The net working incomes in light of the data given is $88,000.
Cash flow from operations
Net Working Pay $115,000
Changes:
Net Operating Cash-Flows $88,000 Add Depreciation $6,000 Add Loss on Asset Sale $1,000 Add Salaries Payable $15,000 Add Accounts Payable $25,000 Less Prepaid Rent Increase ($24,000) Less Inventory Increase ($50,000)
Final numbers are $88,000 in net operating cash flows.
How does cash flow work?A company's cash flow is a measure of how much money it spent or brought in over time. On the statement of cash flows, a typical financial statement, cash flow is typically divided into cash flow from operating activities, cash flow from investing activities, and cash flow from financing activities.
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who would you identify as the most likely entrepreneur? (vs. self-employed, managers, freelancers, or so on)
A doctor who develops a high protein drink to sell and for each sale donates another bottle to people in developing nations is most likely an entrepreneur.
An individual who starts a new firm, taking on the majority of the risks and reaping the majority of the gains, is known as an entrepreneur. Entrepreneurship is the practice of starting a business. The entrepreneur is frequently viewed as an innovator, a source of fresh concepts for products, services, businesses, and operational methods.
Entrepreneurship is the practice of starting a business. The entrepreneur is frequently viewed as an innovator, a source of fresh concepts for products, services, businesses, and operational methods.
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which entry mode is used by many small and medium-sized enterprises to gain access to various country markets ? multiple choice question.
Indirect export entry mode is used by many small and medium-sized enterprises to gain access to various country markets.
Which method of entering a global market is most common?
Most businesses start their worldwide development utilising this type of entry because exporting is often the simplest method to reach a foreign market. Exporting is the act of selling goods and services that were produced domestically in other nations.
Many small and medium-sized businesses that want to penetrate new markets frequently choose indirect export, at least for regions that are farther away and may have different cultures, languages, and time zones.
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In the BLANK stage of the product life cycle, the product gains acceptance, demand and sales increase, and there are more competitors
In the growth stage of the product life cycle, the product gains acceptance, demand and sales increase, and there are more competitors.
Growth stage:During the growth phase, consumers accept the product in the market and customers actually start purchasing. This means demand and profits are growing steadily and rapidly. During the growth period, the market for the product expands and competition begins.
What are the four growth strategies?Products, placements, promotions and pricing are the four growth strategy. While the four P's focus on audiences, channels, and pricing, Ansoff's matrix is more effective for taking a broader view of the market, with each of Ansoff's four quadrants In old he uses the 4 P's framework.
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The Magnanimous Company uses a predetermined overhead rate of $12 per direct labor hour to apply overhead. During the year, 30,000 direct labor hours were worked. Actual overhead costs for the year were $320,000. The overhead variance is:
$36,000 overapplied
$40,000 overapplied
$35,560 underapplied
$40,000 underapplied
none of the above
Option b is correct. Actual overhead costs for the year were $320,000. The overhead variance is $40,000 overapplied.
Applied overhead is equal to 12 x 30,000, or 360,000.
$320,000 is the actual overhead.
Applying, $40,000 overapplied.
An allocation rate known as the predetermined overhead rate allocates a specific amount of manufacturing overhead to job orders or goods. Many businesses divide the anticipated manufacturing overhead expenses by an allocation base to get at predefined overhead, which is calculated at the start of each reporting period. The allocation base is frequently referred to as the activity driver or cost driver.
Cost accounting terms are allocation basis. In manufacturing accounting teams, the following allocation bases are frequently used:
The number of service calls and machine hours
Kilowatt-hours consumed Area
Employees and hours worked.
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