Assigning indirect resource costs to activity pools is stage one of a two-stage activity-based costing methodology.
What is two-stage activity-based control?
Overhead and indirect costs are divided across related goods and services according to the ABC method. This accounting approach of costing emphasizes the link between costs, overhead activities, and produced items, allocating products with indirect costs less arbitrarily than conventional costing systems do. However, it can be difficult to link some indirect costs, like the executive and office staff salaries, to a particular product.
Activity-based costing (ABC) yields almost true costs and more precisely classifies the costs that the organization incurs during its production chain since it increases the predictability of cost data. Most of the time, the manufacturing sector uses ABC. This costing system is used in cost accounting, budget planning, brand extension financial accounting, client financial analysis, and service pricing. Activity Based Control is used to better understand expenses, enabling businesses to develop a more suitable pricing plan.
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according to the textbook, a manager's duties in an environmental analysis include
A manager's duties in an environmental analysis include gathering data, analyzing trends, monitoring competitors, assessing risk, and incorporating findings into strategic planning.
According to the textbook, a manager's duties in an environmental analysis include assessing and understanding the external factors that can impact the organization's operations, strategies, and performance.
The purpose of an environmental analysis is to identify opportunities and threats arising from the organization's macro-environment, industry, and competitive landscape. This analysis helps managers make informed decisions and develop effective strategies to navigate the dynamic business environment.
Specifically, a manager's duties in an environmental analysis may include:
Gathering Data: Managers need to collect relevant data and information on various external factors such as economic trends, technological advancements, social and cultural changes, political and legal factors, and ecological influences. This data can be obtained through market research, industry reports, government publications, and other reliable sources.
Analyzing Trends and Patterns: Managers analyze the collected data to identify trends, patterns, and potential implications for the organization. They assess how these external factors can impact the organization's market position, competitive advantage, customer preferences, and regulatory compliance.
Monitoring Competitors: Managers keep a close eye on competitors' activities, strategies, and performance. This helps them understand the competitive landscape and identify emerging threats or opportunities that may arise from competitor actions.
Assessing Risk and Uncertainty: Managers evaluate the potential risks and uncertainties associated with the external environment. They identify vulnerabilities and develop contingency plans to mitigate risks and leverage opportunities.
Strategic Planning: Based on the environmental analysis, managers develop strategic plans that align with the organization's goals and capitalize on identified opportunities. They make decisions regarding market entry, product development, resource allocation, partnerships, and other strategic initiatives.
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explain how operations strategy can help a business sustain its competitive advantage.
please answer this question in an essay.
Answer:
Operations can help a business sustain their competitive advantage by reducing its cost without considering the way they are reduced.
Explanation:
First of all, to create a business competitive advantage the business has to be more profitable than its competition. In other words, they need to make money in a more effective way than its competitors. This means that they have more margin of profit, instead of selling more. Now, in operations, this works the same. However, the reasons might come from different sources. Whether by having technology more advanced than its competitors. By having more productive processes, or by using materials bought at cheaper prices.
The Naturally Made Bath and Body store pays $550 a month for rent and utilities. The average cost for its products to be manufactured is about $3. 00 an item. If the average price for a product sold in the store is $5. 50, what will the break-even point be? Let x represent the number of products sold. The cost function that represents the situation is. The revenue function that represents the situation is.
The cost function that represents the situation isC(x) = 3x + 550.The revenue function that represents the situation isR(x) = 5.5x.
Break-even point means the point at which a company neither earns any profit nor incurs any loss. Hence, we can say that the break-even point occurs when the total cost is equal to the total revenue.C(x) = R(x) ⇒ 3x + 550 = 5.5x The above equation represents the break-even point. Now, we can solve the equation to find out the value of x.3x + 550 = 5.5x Subtract 3x from both sides.550 = 2.5xDivide both sides by 2.5.x = 220.
Therefore, the break-even point will be at x = 220. If the store sells 220 items, then it can cover all the costs and expenses (rent and utilities) of the store.
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the recording of adjusting entries is supported by the a.accuracy concept. b.matching principle. c.cash basis of accounting. d.cost concept.
The correct answer is b. matching principle. The recording of adjusting entries is supported by the matching principle because it ensures that expenses are matched with revenues in the same accounting period.
This means that adjusting entries are made at the end of the accounting period to reflect any expenses or revenues that were not recorded accurately during the period. This helps to ensure that financial statements accurately reflect the financial position of the company.
The matching principle requires that revenues and expenses be recognized in the same accounting period. Adjusting entries help ensure that this principle is followed, by recording expenses incurred in the current period but not yet paid, and revenues earned in the current period but not yet received.
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If you were managing a bank, what would you want to do with that currency in the vault? Briefly explain.
If I were managing a bank, I would want to ensure that the currency in the vault is properly secured and accounted for. I would ensure that the currency is stored in a secure and organized manner, with the appropriate amount of cash being held in the vault at any given time.
I would also ensure that all transactions are accurately recorded and tracked to ensure that no discrepancies arise. Additionally, I would ensure that all cashiers are properly trained on how to count and handle cash.
Finally, I would want to make sure that the currency is not exposed to any kind of external threats like theft, counterfeiting or other criminal activities. By taking these measures, I would ensure that the currency in the vault is safe, secure and accounted for.
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the _____ is a floorless exchange that trades on the national market system through a network of broker–dealers from respected securities firms that compete for orders.
In the United States, a corporate that already exists and conducts business in either a state and jurisdiction different than the one in which it was initially incorporated is referred to as a foreign corporation.
How do corporations differ from companies?A person or group of people who engage in commercial business activities in order to make a profit is referred to as a firm. Company is a colloquial phrase without official recognition, rules, or authorizations. Although not all firms are corporations, a corporation is usually a company.
In India, what is a corporate?In India, a corporation or company is a business entity that has its own legal identity, independent from that of its owners. Any company may bring a lawsuit or be sued on its own behalf.
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The Cash account of Gate City Security Systems reported a balance of 2400 at December 31, 2018. There were outstanding checks totaling 1300 and a December 31 deposit in transit of 400. The bank statement, which came from Tri Cities Bank, listed the December 31 balance of 3810. Included in the bank balance was a collection of 520 on account from Carol Lajoy, a Gate City customer who pays the bank directly. The bank statement also shows a 30 service charge and 20 of interest revenue that Gate City earned on its bank balance. Prepare Gate City's bank reconciliation at December 31.
Answer:
Explanation:
gate City bank reconciliation statement as at December 31, 2018
Balance as per cash book 2400
Direct payment to the bank (loan) 520
Less bank charges (30)
Add bank interest 20
Adjustment 510
Adjusted cash book balance 2910
Balance as per bank statement 3,810
Less outstanding check (1300)
Add deposit in transit 400
Adjustment (900)
Adjusted bank statement balance 2,910
the most commonly used index used to measure inflation in the united states is: the consumer price index (cpi). the deflationary price index (dpi) the cumulative price index (cpi) the inflationary price index (ipi)
The most commonly used index used to measure inflation in the united states is: the consumer price index (cpi).
Inflation refers to a popular growth in the expenses of products and services in an economy. when the general price level rises, every unit of currency buys fewer items and services; therefore, inflation corresponds to a reduction within the shopping electricity of cash.
Inflation is the rate of boom in costs over a given time period. Inflation is usually a broad degree, which include the overall increase in expenses or the increase inside the value of living in a country.
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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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Question 16 of 20:
Select the best answer for the question.
16. Of all new businesses, how many make it through their second year?
O A. 20 percent
O B. 50 percent
O C. 80 percent
O D. 60 percent
O Mark for review (Will be highlighted on the review page)
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The percentage of businesses that make it through their second year is B. 50 percent.
How many businesses make it ?Small Business Administration (SBA) research reveals that 50% of new businesses survive the second year, while the remaining face closure. It's important to mention that approximately one-third of these fledgling companies surpass their ten-year anniversary and almost a quarter celebrate fifteen years in operation or longer.
Unquestionably, launching a start-up poses several challenges for entrepreneurs, as multiple elements such as market conditions, competition, financing, management, and operations influence its outcome positively or negatively.
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Element X decays radioactively with a half life of 5 minutes. If there are 890 grams of Element X, how long, to the nearest tenth of a minute, would it take the element to decay to 48 grams?
Element X has a half-life of 5 minutes and initially has a mass of 890 grams. We need to determine how long it will take for the element to decay to 48 grams.
To solve this problem, we can use the concept of half-life to calculate the time required for Element X to decay from 890 grams to 48 grams.
Since the half-life of Element X is 5 minutes, it means that every 5 minutes, half of the remaining amount of Element X will decay. In other words, after 5 minutes, the mass of Element X will be halved.
To find the time it takes for the element to decay to 48 grams, we can calculate how many half-lives are needed. Starting with 890 grams, we need to continue halving the mass until it reaches 48 grams.
By dividing 890 grams by 2 repeatedly until we reach a value close to 48 grams, we can determine the number of half-lives required. Each division represents a half-life.
Performing the calculations, we find that it takes approximately 5 half-lives for the mass of Element X to decrease from 890 grams to 48 grams. Therefore, the time it takes for the element to decay to 48 grams is approximately 5 times the half-life, which is 5 times 5 minutes, or 25 minutes to the nearest tenth of a minute.
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1. What are the main professions in Nepal? Name them.
Answer:
The main professions in nepal are mostly farming and animal rearing.
The main professions in Nepal are Farming and animal husbandry, however, there are many occupations such as Doctor, engineer, and many others but these two are principal occupations.
In Nepal, animal husbandry is the second major occupation as first is farming, due to the fact that Nepal is an agricultural country. About 30% of the total population is engaged directly in agriculture, however, About 80% of people are involved directly and indirectly in farming as their occupation.
People of Nepal are rear all types of domestic and/or dairy animals like goats, pigs, buffalos, Chickens, Cattle, and dogs, and others. These animals help a huge amount of the people of Nepal as their occupation.
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true or false: book value is considered an appropriate measure of the minimum value of a firm. true false question. true false
Book value alone is not a reliable indicator of the minimum value of a firm.false.book value is not considered an appropriate measure of the minimum value of a firm.
the book value represents the value of a company's assets minus its liabilities as recorded in the financial statements. however, book value does not necessarily reflect the market value or the true economic value of a firm. market conditions, intangible assets, future growth prospects, and other factors may significantly impact the actual value of a company.
Book value is a financial metric that represents the net value of a company's assets after deducting its liabilities. It is calculated by subtracting total liabilities from total assets. While book value provides an indication of the firm's net worth on paper, it may not accurately reflect the true economic value or market value of the company.
There are several reasons why book value may not be an appropriate measure of the minimum value of a firm:
Intangible Assets: Book value typically does not account for intangible assets such as intellectual property, brand value, customer relationships, or goodwill. These intangible assets can contribute significantly to a company's value but may not be accurately reflected in the book value.
Market Conditions: Book value does not consider market conditions or the supply and demand dynamics of the industry. The market value of a company's assets and liabilities can differ significantly from their book value due to factors such as market fluctuations, investor sentiment, and competitive forces.
Future Growth Potential: Book value does not account for a firm's growth potential or future earnings prospects. A company with strong growth prospects, innovative products, or a competitive advantage may have a higher value in the market compared to its book value.
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How different would your life be if there weren't social media platforms? Would your life improve? What would you miss?
Answer:
I think it would improve because then people will be more interactive and social and everyone will be way more kind and I think its just way better in every way be social media is addicting to people. do yee. =)
Answer:
It will improve
Explanation:
Because the the citizen will be more caring to other things. I think there isn't a thing that we would miss
then impact of risky behaviour on one's well-being by referring to social,emotional,physical and spiritual
What is a mechanism used to put a plan into action
goods that are rival in consumption but not excludable would be considered group of answer choices club goods. common resources. public goods. private goods.
Goods that are rival in consumption but not excludable would be considered common resources. The four types of goods are public goods, private goods, common resources, and club goods.
The type of good depends on two dimensions: excludability and rivalry in consumption. Excludability is the degree to which an individual can be excluded from consuming a good, whereas rivalry in consumption is the degree to which consumption by one individual reduces the amount of the good available for consumption by others.
Common resources are goods that are rival in consumption but not excludable. They're similar to public goods in that they are non-excludable, but they are different in that they are rival in consumption rather than non-rival in consumption. Therefore, goods that are rival in consumption but not excludable would be considered common resources.
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Which of the following list correctly iidentifies a few of the basic events all market economies share
Private property, freedom, self-interest, competition, minimum government intervention are the characteristics of a market economy.
Individual ownership of private property, The right to make a profit from private property and the law of supply and demand identifies a few of the basic events all market economies share.
Several fundamental principles are shared by market economies. First off, having private property as an individual gives one the freedom to possess and manage assets. Responsible resource management and investment are encouraged by this ownership. Second, one of the primary forces behind economic activity is the right to profit from private property. It promotes risk taking, innovation and entrepreneurship, which helps the economy grow.
The law of supply and demand is a foundational principle. According to this, the equilibrium between supply the amount that is readily available and demand (consumer preferences) determines the prices of goods and services. Collectively, these ideas create the framework for market economies encouraging competition, creativity and effective resource allocation.
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Which of the following list correctly identifies a few of the basic events all market economies share
Individual ownership of private property; the right to make a profit from private property; the law of supply and demand
Which one of the following is not a recognized form of business?
B Corp
Cooperative
S Corp
T Corp
Option (d), T Corp is not a legally recognized type of corporation.
T Corp: What is it?To local governments in New South Wales that are judged to be financially secure, TCorp offers long-term, competitively priced infrastructure loans in conformity with credit conditions. Learn more.
New South Wales Treasury Corporation is the primary source of funding for the state of New South Wales's public sector (TCorp). Its major objective is to provide financial services to the government of New South Wales as well as other public agencies and companies.
The option that comes next is not a category of company organization.The primary kind of business structure is not limited unregistered businesses. This type of business formation does not exist. All legal forms of business entities, including corporations, partnerships, and sole proprietorships, are acceptable.
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what is the difference between a credit report and a credit score?
Your credit report summarizes your credit history for potential lenders and creditors. Your credit score is a three-digit number that ranges from 300 to 850 and represents your overall credit risk at a glance.
What do you mean by credit report?A credit report is a declaration that contains details about your credit background and current credit situation, including information on how well you've paid your debts and the condition of your credit accounts.
Lenders will pay close attention to your credit score when you apply for the majority of loans. This three-digit number is crucial in determining whether you qualify for loans, credit cards, apartment rentals, and other financial products.
Therefore, Your credit report summarizes your credit history for potential lenders and creditors. Your credit score is a three-digit number that ranges from 300 to 850 and represents your overall credit risk at a glance.
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At Yummy Cakes Company, Tom is the warehouse manager, Pam is the lead shipping clerk, David is a part-time shipping clerk, Carey is the shipping supervisor, and Sharon is the vice president of distribution. Following a vertical chain of command, who is Carey's direct supervisor?
Tom
Pam
David
Sharon
Answer: In a vertical chain of command, Sharon would be Carey's immediate superior.
Explanation: This is because each individual in a vertical chain of command answers directly to the person in the hierarchy above them. Carey reports to Sharon directly because she is the vice president of distribution and Carey is the shipping supervisor.
How can an employee best help to maintain a positive work environment?
ОА.
Avoid interacting with other staff members.
OB.
Focus on the good things.
O C.
Socialize every evening with other staff members.
OD.
Maintain good relations with the management.
Answer:
it is (C)
Explanation:
what can you say about the value of the coefficient of static friction?
The coefficient of static friction is a dimensionless constant that measures the friction between two objects that are not in motion.
When two objects are at rest, this coefficient specifies how much friction must be overcome to initiate motion. Here are a few points that can be made about the value of the coefficient of static friction: The coefficient of static friction has a maximum value that is determined by the materials and surfaces involved. The coefficient of static friction can be used to determine the maximum angle at which an object can be tilted without slipping. When the coefficient of static friction is high, it is difficult to initiate motion between the two surfaces. Conversely, when the coefficient of static friction is low, it is easier to initiate motion between the surfaces. The coefficient of static friction is determined experimentally and varies depending on the materials and conditions involved.
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Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
A cost center's performance report does not include ______. Multiple select question. costs revenue variances net operating income
A cost center performance does not include:
revenuenet operating incomeWhat is a cost center performance?This is the type of costing that is usually done in order to determine cost variance.
This type of costing is done to compare the standard cost and the quantity of a given product.
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In addition to the desire to own a product, demand includes the desire, willingness, and ability to buy the product.
Answer:
True
Explanation:
Demand refers to the volume of a good or service that buyers are willing and able to purchase at a certain price over a period. It means that customers should be willing to buy and have the financial ability to pay for the goods for the demand for a product to exist.
Demand for a good is affected by, among other things, customer's preferences and people's incomes. Customer preference is the willingness and the desire to get the product. People's income is the ability to pay.
Which of the following best describes the arms race?
a. the rapid movements of world governments to arm and thereby protect Eastern European countries from attack by the Soviet Union in the wake of World War II
b. a tense relationship between the United States and the Soviet Union in the 1950s during which each side was striving to procure more weapons than the other
c. the U.S. race in the early twenty-first century to prevent the spread of weapons of mass destruction to unstable governments
d. the efforts to rapidly reduce the number of nuclear weapons held by the United States and the Soviet Union
Correct answer is b. a tense relationship between the United States and the Soviet Union in the 1950s during which each side was striving to procure more weapons than the other.
The arms race refers to a period of intense competition and rivalry between nations, particularly in terms of acquiring and building up military weapons and capabilities. It often involves a cycle of action and reaction, where one country's military build-up prompts the other to respond with its own arms procurement, leading to an escalation of armaments.
In the context of the given options, the description in option b best represents the arms race. During the Cold War era, particularly in the 1950s and 1960s, the United States and the Soviet Union engaged in a prolonged and tense rivalry. Both superpowers were striving to outmatch each other in terms of military capabilities, including the development and stockpiling of nuclear weapons. The arms race during this period was characterized by an intense focus on acquiring more weapons, advancing military technology, and demonstrating military superiority.
The arms race between the United States and the Soviet Union had significant implications for global politics and security. It heightened tensions between the two superpowers and led to a constant state of military readiness and preparedness. The arms race also had an enormous economic impact, as significant resources were allocated towards defense spending, diverting funds from other areas of social and economic development.
Overall, the arms race between the United States and the Soviet Union during the Cold War period was a defining feature of international relations, with both sides engaged in a competition to build up their military capabilities and ensure a balance of power. It had profound consequences for global security, diplomacy, and the dynamics of the Cold War itself.
Hence, correct answer is b. a tense relationship between the United States and the Soviet Union in the 1950s during which each side was striving to procure more weapons than the other.
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Which of the following would be a business selling the same thing in another country?
if I'm wrong please give more details? and ice cream parlour?
Answer:
I think cafe or Hotel will be the best business in another county.
Because Worldcom's accounting fraud was brought to an end with Cynthia Cooper's intervention,
WorldCom investor and employee losses were
Answer:
Explanation:
Less
Janelle likes to keep all her savings goals separate, so she has an account for each one, including an account to save for her college textbooks every semester. She buys books about every 6 months, with roughly $550 due each time. She likes to save the money up in installments, with auto-deposits from each of her twice monthly paychecks. She’s wondering if her online savings account, earning 0.75%, is still her best option for monthly deposits toward her textbooks. Which account would you recommend? Why?
The account that I recommend for Janelle for saving towards her textbooks, which she buys every six months, is a Certificate of Deposit.
What is a Certificate of Deposit?A certificate of deposit is a fixed deposit account offered by banks and other financial institutions.
The advantage of a certificate of deposit over an ordinary saving is that it has a fixed interest rate and the rate is premium, that is higher than the ordinary savings account's interest rate.
Thus, since Janelle does not require the amount until six months, it would be better for her to choose a certificate of deposit that will earn a higher interest.
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