A strategy focuses on how to execute and implement a marketing plan is True.
Thus, The advertising technique a company will use to market and sell its goods or services is called a marketing plan.
The target market, the best way to reach them, the price point at which the good or service should be sold, and the method by which the business will evaluate its performance will all be determined by the marketing strategy.
A market plan must be continuously monitored and adjusted in order to indicate what the greatest and worst approaches to create sales are. A company might not be able to stay in business for very long without a strong marketing strategy.
Thus, A strategy focuses on how to execute and implement a marketing plan is True.
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Which is a characteristic of judging approach
Answer:
Clarity and Closure
Explanation
Judgers take a planned, ordered, and precisely calibrated approach to life, developing both short- and long-term plans to assist them in achieving their objectives. For them, schedules and "to-do" lists are consoling. They dislike uncertainty and change, preferring to know what they are getting into instead.
Those that have this preference feel more in control of their surroundings. They are disciplined and resolute, seeking resolution as soon as possible to reduce stress. Judgers struggle with open-ended plans because they have a "work first-play later" mentality. Instead of addressing issues as they arise, they would prefer to devise three distinct backup plans.
Judgers take their obligations and deadlines very seriously, both in business and in life. They are quite particular.
A business must decide whether to open a new office in China. If it opens the branch, it will increase its chances of selling a high volume of its products in China. On the other hand, the business will have to spend a lot of money to make the branch operational. What would be an opportunity cost for the business if it chooses to open the new branch in China? O A. The business would gain access to a large number of new customers. B. The business would have to spend more money on each item it produces C. The business would have less money to open branches in other countries. D. The business would be forced to relocate all its workers to China.
Answer:
C. The business would have less money to open branches in other countries.
Explanation:
In Economics, Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.
Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.
Furthermore, the value of the opportunities lost by an individual or a business is the opportunity cost of a choice.
Hence, the opportunity cost of a choice is the benefits that could be derived from another choice (alternatives) by using the same amount of resources.
In this scenario, an opportunity cost for the business if it chooses to open the new branch in China is that it would have less money to open branches in other countries because it has to spend a lot of money to make the branch operational.
Biazer Chemical produces and sells an ice-meiting granular used on roadways and sidewaiks in winter, It annually produces and sells 19.125 tons of its granular. Because of this year's mild winter, projected demand for its product is only 15,300 tons. Based on projected production and sales of 15.300 tons, the company estimates the foliowing income using absorption costing. Its product cost per ton follows and consists mainly of fixed overhead because its automated production process uses expensive equipment. Selling and administrative expenses consist of varlable seling and administrative expenses of $6 per ton and fixed selling and administrative expenses of $210,200 per year. The company's president will not earn a bonus unless a positive income is reported. The controller mentions that because the company has large storage capacity, it can report a positive income by setting production at the usual 19,125 ton level even though it expects to sell only 15,300 tons. The president is surpnsed that the company can report income by producing more without increasing sales. Required: 1. Prepare an income statement using absorption costing based on production of 19.125 tons and sales of 15,300 tons. Can the company report a positive income by increasing production to 19,125 tons and storing the 3.825 tons of excess production in inventory? 2. By how much does income increase by when producing 19,125 tons and storing 3.825 tons in inventory compared to only producing 15,300 tons? Prepare an income statement using absorption costing based on production of 19,125 tons and sales of 15,300 tons. Can the company report a positive income by increasing production to 19,125 tons and storing the 3,825 tons of excess production in inventory? (Round your answers to the nearest whole dollar.)
Income statement using absorption costing based on production of 19.125 tons and sales of 15,300 tons Particulars Amount Sales 15,300 tons x $270 $4,125,000 Less: Cost of Goods Sold Direct Materials $52.50 x 19,125 tons $1,003,125 Direct Labor $22.50 x 19,125 tons $429,375 Variable Overhead $75 x 19,125 tons $1,434,375 Fixed Overhead $400 x 19,125 tons $7,650,000 Cost of goods sold $10,516,875 Gross profit $608,125 Less: Selling and Administrative Expenses Variable Selling and Administrative Expenses $6 x 15,300 tons $91,800 Fixed Selling and Administrative Expenses $210,200 Net income $306,125
The company cannot report a positive income by increasing production to 19,125 tons and storing the 3,825 tons of excess production in inventory because the amount of fixed overhead allocated to the production will increase as it will include the overhead cost of the excess production. This will decrease the net income earned by the company.
Particulars 19,125 tons 15,300 tons Sales $4,125,000 $4,125,000 Less: Cost of Goods Sold $10,516,875 $7,661,250 Gross profit $(6,391,875) $(3,536,250)Less: Selling and Administrative Expenses $302,000 $302,000 Net Income $(6,693,875) $(3,838,250)
The income decreases by $2,855,625 when producing 19,125 tons and storing 3,825 tons in inventory compared to only producing 15,300 tons.
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⚠︎IF SOMEONE SHARES A LINK DO NOT GO TO IT! IT WILL DOWNLOAD A VIRUS!⚠︎
ok have a good day ❀
Answer:
tank us.
Explanation:
Money serves as a store of value when: Multiple Choice it is a means of holding wealth. there is direct trade of goods and services. it is a basic measure of economic value. it is used to purchase goods and services.
Answer:
The answer is A.
Explanation:
One of the functions of money is to serve as a store of value(the rest is as a medium of exchange, store of value, unit of account)
Money can be stored as deposit in banks(the money saved in banks), bonds, golds, stocks etc. Money are stored in these as they can easily be converted to cash. What the money is being stored as must be easily be converted to cash.
If possible it is important to thank everyone you met at the company as you leave.
True
False
Answer:
true, always stay positive thank you you deserve more this for 50 points? that's amazing keep it up!
Explanation:
Answer:
False
Explanation: that would be exhausting. But for interviews it would be wise to thank them
direct materials purchases budget pasadena candle inc. budgeted production of 755,000 candles for the january. wax is required to produce a candle. assume 15 ounces of wax is required for each candle. the estimated january 1 wax inventory is 16,400 pounds. the desired january 31 wax inventory is 12,900 pounds. if candle wax costs $1.20 per pound, determine the direct materials purchases budget for january. (one pound
The Direct Materials Purchases Budget for January is $1,059,628.13.
Budgeted production of candles = 755,000
Wax required for one candle = 15 ounces
Estimated January 1 wax inventory = 16,400 pounds
Desired January 31 wax inventory = 12,900 pounds
Cost of candle wax = $1.20 per pound
We know that 1 pound = 16 ounces
Therefore, 15 ounces of wax will be 15/16 pound of wax. Thus, 755,000 candles will require (15/16) x 755,000 pounds of wax= 886,523.44 pounds of wax.
To calculate the required wax purchase, we need to determine the net wax to be purchased during January.
Net wax to be purchased during January = Total wax required - January 1 inventory + January 31 desired inventory= 886,523.44 - 16,400 + 12,900= 883,023.44 pounds.
Now, the direct materials purchases budget for January can be calculated as:
Direct Materials Purchases Budget = Quantity of raw material × Cost per unit= 883,023.44 × $1.20= $1,059,628.13
Hence, the Direct Materials Purchases Budget for January is $1,059,628.13.
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why is freshness of ingredients important in salad preparation
Consider an individual with an mpc of 0.8 who consumes $2500 when their income is $2000 : a. Determine the individual's consumption function. b. Draw a graph showing the individual's saving function. Ensure you include the intercept and slope on any functions. c. On your graph from part (b), demonstrate the change that would occur if the individual received a raise at their job.
The individual's consumption function is C = 900 + 0.8 * Y. The saving function is S = -900 + 0.2 * Y. The intercept remains the same at -900, but the slope remains unchanged at 0.2.
a. The individual's consumption function can be determined using the equation: C = a + MPC * Y, where C represents consumption, a represents autonomous consumption, MPC represents the marginal propensity to consume, and Y represents income. In this case, the individual's consumption function can be calculated as follows:
C = a + MPC * Y
2500 = a + 0.8 * 2000
Solving for 'a', we subtract 0.8 * 2000 from both sides:
a = 2500 - 0.8 * 2000
a = 2500 - 1600
a = 900
Therefore, the individual's consumption function is C = 900 + 0.8 * Y.
b. To draw the individual's saving function, we need to subtract consumption from income. The saving function can be expressed as S = Y - C. Substituting the values, we have:
S = Y - (900 + 0.8 * Y)
S = Y - 900 - 0.8 * Y
S = -900 + 0.2 * Y
The saving function is S = -900 + 0.2 * Y.
c. To demonstrate the change that would occur if the individual received a raise at their job, we need to show the shift in the saving function. With a raise, the individual's income would increase, resulting in a new saving function. The new saving function can be expressed as:
S' = -900 + 0.2 * (Y + ΔY)
The intercept remains the same at -900, but the slope remains unchanged at 0.2. However, the raise in income (ΔY) would shift the saving function upward parallel to the original saving function.
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write a short response paragraph explaining how a credit score could contribute to keeping someone caught in a cycle of poverty
Answer:
A credit score is a numerical representation of a person's creditworthiness, which lenders use to determine their ability to repay loans. Unfortunately, people with low credit scores may find it difficult to access credit, which can make it challenging to obtain loans to start a business, purchase a home, or cover emergency expenses. This lack of access to credit can make it challenging for people caught in the cycle of poverty to break free, as they may not have the resources to address urgent financial needs or invest in income-generating opportunities. Additionally, without access to credit, they may turn to predatory lenders or high-interest credit cards, further perpetuating the cycle of poverty. Therefore, a low credit score can contribute to keeping someone caught in a cycle of poverty by limiting their financial options and making it difficult to improve their economic situation.
Explanation:
A house was valued at $190,000 in the year 1988. The value appreciated to $250,000 by the year 2003. What was the annual growth rate between 1988 and 2003? assume that the house value continues to grow at the same rate. What is the value of the house in the year 2010?.
The finishing value of an investment or asset is divided by the asset's initial value in the yearly growth rate formula. You get a decimal point that can be converted into a percentage when you take one out of this amount.
What is an asset?In its German translation, the word "asset" has multiple meanings, including "wealth," "fixed assets," or "capital investments in the economy," as well as "real estate," "goods," "skills," and "assets."
Assets are typically things that belong to one particular group.
Therefore, in the world of digital marketing, digital marketing assets are precious commodities. They are assets because they help their owners conduct more successful digital marketing, to put it another way.
Fixed assets are assets that a business uses for a longer period of time. key business field, or a company's core competency. (See media content) Content (data, files, and media) in content management.
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The amount of assets per dollar of equity capital is called the.
2-3 personal experience of exploitation as a consumer
Answer:
Explanation:
Exploitation often involves a denial of an individual's right (in this case a consumer's right).
Consumers are often exploited in this three areas:
Poor quality standard: For example, one may purchase an electronic device, which in most cases the quality level is determined only after using the product and then discover that the product has failed to meet expectations like performance failure.
High Prices: This is often happens when a consumer isn't aware of the average price of a particular product and may be the taken advantage of by the seller.
False or Incomplete product description: Online shopping often presents this type of exploitation. For example, an individual may buy a wrist watch he thinks is made of silver, but receives the item an discover it is actually made of rubber material.
negative emotions that come from failed search processes are referred to as _____.
Negative emotions that arise from failed search processes are referred to as "search frictions." These emotions can include frustration, disappointment, and anxiety, among others.
Search frictions occur when an individual is unable to locate the information or revenue they are seeking, which can result in a negative emotional response. These negative emotions can hinder an individual's ability to effectively process information, make decisions, or complete tasks, as they can lead to cognitive overload and reduced focus.
Additionally, search frictions may result in users losing trust in the information system or platform they are using, potentially causing them to abandon the search or seek alternative sources. It is essential for designers of information systems and search platforms to minimize search frictions by providing efficient, user-friendly, and accurate search capabilities.
This will improve user experience, increase satisfaction, and reduce the likelihood of negative emotions arising from failed search processes.
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What are the similarities and differences between equity capital in investor-owned firms and fund capital in not-for-profit firms?
Equity capital in investor-owned firms and fund capital in not-for-profit firms have similarities and differences. Both equity capital and fund capital are sources of financing for their respective organizations. They are forms of long-term investment in the business. Both types of capital represent ownership stakes in the organization.
Investor-owned firms raise equity capital by selling shares to investors, who become shareholders and have a claim on the company's profits. Not-for-profit firms rely on fund capital, which comes from donations, grants, and fundraising activities. Equity capital is generally driven by profit motives and aims to maximize returns for shareholders. Fund capital, on the other hand, is focused on achieving the organization's mission or objectives.
Investor-owned firms distribute profits to shareholders as dividends, while not-for-profit firms reinvest their surplus funds into their activities. Equity capital is usually obtained in exchange for ownership rights and voting power, while fund capital in not-for-profit firms does not involve ownership stakes or voting rights.
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a pizza business has the cost structure described below. the firm’s fixed costs are $20 per day.
The Average Fixed Cost at an output of 5 pizzas is given as $20.
What is the average fixed cost?The average fixed cost in economics is the fixed costs of production divided by the quantity of output generated. Fixed costs are those that must be incurred in a consistent amount regardless of the level of production generated. Total fixed cost (TFC)/Output = AFC (Q) Fixed cost per unit of production is referred to as average fixed cost.
Hence given the attached schedule
The Total Fixed Cost for the production of 5 pizzas is given as :
(20 + 80)/5 Recall that Total Fixed cost = Fixed Cost + Variable Cost; Hence
AFC =(20 + 80)/5
AFC = 100/5
AFC = $ 20
Hence, the Average Fixed Cost at an output of 5 pizzas is given as $20
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Full Question:
A pizza business has the cost structure described below. the firm’s fixed costs are $20 per day. What are the firm's average fixed costs at an output of five pizzas?
Problem 13-4A Dividends, retirement, statement of changes in equity LO1, 2, 5 Zen Aerospace Corporation reported the following equity account balances on December 31, 2019: Preferred shares, $3.60 cumulative, unlimited shares authorized Common shares, unlimited shares authorized, 24,000 shares issued and outstanding Retained earnings $ 0 662,400 332,000 In 2020, the company had the following transactions affecting shareholders and the shareholders' equity accounts: Jan. 1 Purchased and retired 2,800 common shares at $36 per share. 14 The directors declared an 10% share dividend distributable on February 5 to the January 30 shareholders of record. The shares were trading at $46.40 per share. 30 Date of record regarding the 10% share dividend. Feb. 5 Date of distribution regarding the 10% share dividend. July 6 Sold 5,800 preferred shares at $68 per share. Sept. 5 The directors declared a total cash dividend of $48,007 payable on October 5 to the September 20 shareholders of record. Oct. 5 The cash dividend declared on September 5 was paid. Dec. 31 Closed the $473,600 credit balance in the Profit Summary account to Retained Earnings. 31 Closed the dividend accounts. Required 1. Prepare journal entries to record the transactions and closings for 2020 (assume the retirements were the first ever recorded by Zen Required 1. Prepare journal entries to record the transactions and closings for 2020 (assume the retirements were the first ever recorded by Zen Aerospace). Assume share dividends and cash dividends account is used when dividends are declared. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 Date Jan 01 Record the retirement of shares. Note: Enter debits before credits. 4 5 General Journal 6 7 8 Debit 9 Credit 2. Prepare the statement of changes in equity for the year ended December 31, 2020. (Amounts to be deducted should be indicated by a minus sign. Round the final answer to the nearest whole dollar.) Balance, January 1 Balance, December 31 ZEN AEROSPACE CORPORATION Statement of Changes in Equity For Year Ended December 31, 2020 Common Shares Preferred Shares Retained Earnings 21 Total Equity
The journal entries to record the transactions and closings for 2020 and the statement of changes in equity for the year ended December 31, 2020 are provided below.
Journal entries to record transactions for 2020: Date Account Title and Description Debit Credit Jan 1 Treasury shares 100,800Cash 100,800 (Retirement of 2,800 shares at $36 per share) Jan 14Share dividend payable 43,200Common shares distributable 1,200 (10% share dividend on 24,000 shares at $46.40 per share)
Jan 14Retained earnings 42,000Share dividend payable 42,000Jan 30No journal entry required (date of record regarding the 10% share dividend) 5Share dividend distributable 43,200Common shares distributable 1,200Share dividend payable 42,000 (Date of distribution regarding the 10% share dividend) July 6Cash 394,400.
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Who can provide me some examples of businesses?
Answer:
hi!
Explanation:
you should plan out your bisnuse ! and get your invitory try making cards hope this helps!
which of the following relates most directly to the law of diminishing marginal utility? group of answer choices after watching two football games, terry decides to play golf rather than watch a third game. a sports fan enjoys watching monday night football rather than going to the theater. two carpenters build their own house rather than hiring a contractor. a musician receives the biggest ovation of the evening after playing the final work of a recital.
The option that relates most directly to the law of diminishing marginal utility is "after watching two football games, Terry decides to play golf rather than watch a third game." Option A
What is the law of diminishing marginal utility about?The law of diminishing marginal utility states that as a person consumes more of a good or service, the additional satisfaction or utility that they receive from each additional unit of the good or service decreases.
In this case, Terry's decision to switch from watching football to playing golf suggests that the utility or satisfaction he derived from watching the third football game was lower than the utility or satisfaction he expected to receive from playing golf.
Hence, this decision reflects the idea that the additional utility derived from each additional football game is decreasing.
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What are the 4 types of investments?
There are 4 essential funding types or asset instructions that traders can pick from: shares, property, cash, and stuck hobby.
Essential Types of Investments are -
Growth investments - These are more suitable for long term investors that are willing and ready to endure market high points and low points.Shares - Shares are viewed as a development venture as they can assist with developing the worth of your unique speculation over the medium to long haul.Property - Property is likewise viewed as a development speculation on the grounds that the cost of houses and different properties can rise considerably over a medium to long haul period.Defensive investments - These are more centered around reliably creating pay, instead of development, and are viewed as lower risk than development speculations.Cash - Cash ventures incorporate regular ledgers, exorbitant premium bank accounts and term stores.Fixed interest - The most popular sort of fixed interest investments are securities, which are basically when legislatures or organizations get cash from financial backers and pay them a pace of revenue consequently.Know more on types of investments - https://brainly.com/question/29549260
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Which of the following actions is legal for PWCs?
a. weave through congested waterway traffic
b. operate between sunset and sunrise with a small flashlight on board
c. operate while under the influence of alcohol
d. operate while wearing a Type III USCG-approved life jacket
The correct answer is d. operate while wearing a Type III USCG-approved life jacket.
PWCs (Personal Watercraft) are subject to specific laws and regulations that must be followed to ensure safety on the water. Weaving through congested waterway traffic is illegal and dangerous.
Operating while under the influence of alcohol is also illegal and can result in severe consequences, including fines, imprisonment, and loss of boating privileges. Operating between sunset and sunrise is permitted only if the PWC is equipped with the required navigation lights.
However, operating with a small flashlight on board is not sufficient. Wearing a Type III USCG-approved life jacket is mandatory for all PWC operators and passengers and is an essential safety measure to prevent accidents and fatalities.
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on february 1, paid $12,000 cash for insurance coverage for a 5 month period starting february 1. the amount of the monthly adjusting journal entry is:
paid $12,000 in cash for insurance coverage beginning on February 1 for a 5-month term. The monthly adjusting journal entry is for $12,000.
The majority of people have some sort of insurance, whether it is for their life, their home, or their car. However, the majority of us don't really take the time to consider what insurance is or how it operates.
Simply put, insurance is a contract, represented by a policy, under which a policyholder receives monetary protection or payment from an insurance firm against losses. To make payments more manageable for the insured, the company pools the risks of its clients.
Insurance policy are used as a hedge against the risk of monetary losses, both large and minor, that may arise from harm to the insured or their property, or from liability for damage or injury given to a third party.
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Distinguish between medium and higher level education with
illustration.
medium level profession can be defined as some one who has moved past entry level but isn't nearing the end . whereas high level profession means a person has moved past entry level and also has reached the end.
Attention Deficit Hyperactivity Disorder (ADHD) and its Comorbid Mental Disorders: An Evaluation of their Labor Market Outcomes.
Attention Deficit Hyperactivity Disorder (ADHD) is a neurodevelopmental disorder characterized by symptoms of inattention, hyperactivity, and impulsivity. It is estimated that ADHD affects approximately 5-10% of children and persists into adulthood for about 60% of individuals diagnosed with the condition.
ADHD is often associated with various comorbid mental disorders, meaning that individuals with ADHD frequently experience additional psychiatric conditions. Some of the most common comorbidities include:
Oppositional Defiant Disorder (ODD) and Conduct Disorder (CD): These disorders involve persistent patterns of defiant, disobedient, and aggressive behavior. They often co-occur with ADHD, particularly in children.
Anxiety Disorders: Conditions such as generalized anxiety disorder, social anxiety disorder, and specific phobias are more prevalent in individuals with ADHD compared to the general population.Mood Disorders: Depression and bipolar disorder are frequently observed alongside ADHD, particularly in adults. The impulsivity and emotional dysregulation associated with ADHD can contribute to the development of mood disorders.Learning Disabilities: Difficulties with reading, writing, and mathematical skills are common among individuals with ADHD. Learning disabilities can have a significant impact on academic achievement and subsequent employment opportunities.The presence of comorbid mental disorders can have implications for labor market outcomes among individuals with ADHD. Several studies have examined the association between ADHD and employment, job performance, and earnings. Here are some key findings:
Employment Rates: Individuals with ADHD, especially those with more severe symptoms, tend to have lower employment rates compared to the general population. Difficulties with attention, organization, and impulsivity can affect job-seeking skills and workplace performance.Job Stability: Individuals with ADHD may have higher rates of job turnover and unemployment spells. The challenges associated with maintaining consistent attention, impulsivity control, and organization can contribute to difficulties in job retention.Occupational Achievement: ADHD is associated with lower occupational status and a higher likelihood of working in jobs that require lower skills or qualifications. However, it is important to note that ADHD does not preclude individuals from achieving successful careers, and many individuals with ADHD thrive in environments that accommodate their specific needs.Earnings: Studies have shown that individuals with ADHD tend to have lower earnings compared to those without ADHD, even after controlling for factors such as education and occupation. The lower earnings may be attributed to difficulties with job performance, occupational achievement, and job stability.It is worth mentioning that these findings represent general trends and do not apply to every individual with ADHD. The impact of ADHD and its comorbidities on labor market outcomes can vary depending on factors such as the severity of symptoms, access to treatment, and the presence of supportive environments.
Early diagnosis, appropriate treatment (including medication, behavioral interventions, and accommodations), and targeted support in educational and work settings can significantly improve the labor market outcomes for individuals with ADHD and comorbid mental disorders.
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Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home
Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.
Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.
Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.
Hence, the correct options are "A, B & C".
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According to the digital disconnect and the lecture, the global digital divide is the result of _____.
According to Digital Disconnect, the global digital divide is the result of the hyper-commercialization of Internet development that only serves affluent populations/groups.
The Digital Disconnect refers to experts' examination of current theory, research, and practice in socio-digital inequality. The Digital Disconnect provides a thorough analysis of capitalism's exploitation of the Internet. As per the Digital Disconnect, it is the hypercommercialism of mainstream computing technologies that causes the global digital divide. The global digital divide refers to global discrepancies, particularly between developing countries, and developed in access to computing and information resources such as the Internet, as well as the opportunities that such access provides.
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Briefly discuss three objectives of the government
Government aims to influence distribution of income by imposing taxes on the rich and spending more on the welfare of the poor. It will reduce income of the rich and raise standard of living of the poor, thus reducing inequalities in the distribution of income. 3. Economic Stability:
Lucky company invested in debt securities and classified them as htm. at the end of the accounting period, the value of the investment appreciated by $10,500. the company should:_________
Lucky company invested in debt securities and classified them as htm. at the end of the accounting period, the value of the investment appreciated by $10,500. the company should disclose the fair market value in the notes.
What is disclosure fair value?
Fair value, as characterized by the Fair Value Estimations and Divulgences Point, is the cost that would be gotten to offer an resource or paid to exchange a obligation in an deliberate exchange between advertise members at the estimation dates. The Fair Value Measurements and Revelations Subject requires all resources and liabilities that are measured at reasonable esteem to be categorised inside the fair value pecking order. This three-level progression is based on the discernibleness of the inputs utilized within the fair value estimation. The levels of the fair value progression are characterized as follows.To know more about disclosure fair value visit:
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poole manufacturing company uses a process cost system. the molding department adds materials at the beginning of the process and conversion costs are incurred uniformly throughout the process. on may 1, the company had 16,000 units in work in process inventory with $83,000 ($35,000 materials and 48,000 conversion) of costs. during the period the company added $250,000 ($163,000 materials and $87,000 conversion) in costs to its production process and 46,000 units were completed and transferred to the next department. work in process on may 1 was 75% complete and there were 20,000 units in work in process on may 31 that were 40% complete. required: show the production cost report for the molding department for the month of may with the following: calculation of the equivalent units costs/equivalent unit and a cost reconciliation schedule showing the costs for units transferred out and those remaining in work in process inventory
In the following question, among the conditions given, The production cost report for the molding department for the month of May is as follows: Total costs accounted for: $412,500,
Beginning work in process inventory on May 1: 16,000 units, $83,000 ($35,000 materials and $48,000 conversion)
Units added during the period: 46,000 units
Costs added during the period: $250,000 ($163,000 materials and $87,000 conversion)
Units completed and transferred to the next department: 46,000 units
Work in process inventory on May 31: 20,000 units, 40% complete
Equivalent units of production:
Beginning work in process inventory (75% complete): 16,000 units x 0.75 = 12,000 units
Units started and completed during the period: 46,000 units
Work in process inventory on May 31 (40% complete): 20,000 units x 0.40 = 8,000 units
Total equivalent units of production: 66,000 units
Equivalent units of production costs:
Beginning work in process inventory (75% complete): $83,000 x 0.75 = $62,250
Costs added during the period: $250,000
Work in process inventory on May 31 (40% complete): $250,000 x 0.40 = $100,000
Total equivalent units of production costs: $412,250
Cost per equivalent unit: $412,250/66,000 = $6.25
Production cost report for the molding department for the month of May:
Units started and completed during the period: 46,000 units
Equivalent units of production costs: $412,250
Cost per equivalent unit: $6.25
Total costs to account for: $285,000 ($163,000 materials and $122,000 conversion)
Cost of units transferred out: 46,000 units x $6.25 = $287,500
Cost of units remaining in work in process inventory: $25,000 ($12,500 materials and $12,500 conversion)
Cost reconciliation schedule:
Costs to account for: $285,000
Cost of units transferred out: $287,500
Cost of units remaining in work in process inventory: $25,000
Total costs accounted for: $412,500
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Employees who speak up with practical ideas, share their love of their work with others, help out their coworkers, and take care of the company’s building and equipment are exhibiting organizational citizenship behaviors. True or false?.
True, Employees who speak up with practical ideas, share their love of their work with others, help out their coworkers, and take care of the company’s building and equipment are exhibiting organizational citizenship behaviors
What is Organizational citizenship behavior?
This refers to a person's voluntary commitment outside their contractual tasks within an organization or company.
OCB deals with actions and behaviors that are not required or critical to a worker's job. These actions might benefit the team and encourage even greater organizational functioning and efficiency. An example of these actions includes being helpful and caring towards other employees in the workplace.
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