Answer:
Thus, effective purchasing Implies buying the right items needed for operations at the right/fair price so as to reduce the total cost of operations, which invariably leads to more Profit since there's reductions in costs.
The effective purchasing is very important to a small business. Purchasing is a key factor for any small business as it influence the performance at all levels.
When the supplies you purchase for consumption do not meet one's needs they will limit the efficiency of the operations you want to carry out and also cash flow in the organization or business. One must to create the right purchasing procedures and closely handle them.
Purchasing systems play an key role in controlling a company's cash outflows this is because they ensure that only the key purchases are made and that they are to be done at good or reasonable prices.
Learn more about Purchasing from
https://brainly.com/question/5168855
Monique’s Florals produced a special Mother’s Day arrangement that included eight roses. The standard and actual costs of the roses used in each arrangement follow: Standard Actual Average number of roses per arrangement 9.10 9.50 Price per rose × $ 0.90 × $ 0.84 Cost of roses per arrangement $ 8.19 $ 7.98 Monique’s Florals planned to make 805 arrangements but actually made 900. Required Determine the total flexible budget materials variance and indicate whether it is favorable (F) or unfavorable (U). Determine the materials price variance and indicate whether it is favorable (F) or unfavorable (U). Determine the materials usage variance and indicate whether it is favorable (F) or unfavorable (U). Confirm the accuracy of Requirements a, b, and c by showing that the sum of the price and usage variances equals the total variance.\
Answer:
1. Total flexible budget materials variance $189 Favourable
2. Materials price variance $513 Favorable
3. Materials usage variance $324 Unfavorable
4. Total Variance $189 Favorable
Explanation:
1. Calculation to Determine the total flexible budget materials variance
Using this formula
Total flexible budget materials variance=Standard cost - Actual cost
Let plug in the formula
Total flexible budget materials variance=($ 8.19*900)-($ 7.98*900)
Total flexible budget materials variance=$7,371-$7,182
Total flexible budget materials variance=$189 Favourable
Therefore Total flexible budget materials variance is $189 Favorable
2. Calculation to Determine the materials price variance
Using this formula
Materials price variance=(Standard price -Actual price)*Actual quatity
Let plug in the formula
Materials price variance=($ 0.90 - $ 0.84)*(900*9.50)
Materials price variance=$0.06*8,550
Materials price variance=$513 Favorable
Therefore Materials price variance is $513 Favorable
3. Calculation to Determine the materials usage variance
Using this formula
Materials usage variance=(Standard quatity-Actual quantity)*Standard price
Let plug in the formula
Materials usage variance=[(900*9.10)-8,550]*$ $0.90
Materials usage variance=(8,190-8,550)*$0.90
Materials usage variance=-360*$0.90
Materials usage variance=$324 Unfavorable
Therefore Materials usage variance is $324 Unfavorable
4. Calculation to Confirm the accuracy of Requirements a, b, and c
Materials price variance is $513 Favorable
Less Materials usage variance $324 Unfavorable
Total Variance $189 Favorable
Therefore the accuracy of Requirements a, b, and c is $189 Favorable
Costs that stay the same regardless of how much of a good or service is produced are
A) fixed costs
B) opportunity costs
C) variable costs
D) none of the above
Answer:
A) fixed costs
Explanation:
Suppose you buy a $100 government bond that is due next year. How much nominal interest will you receive if inflation is 4 percent over the year and the bond promises a real return of 3 percent
Answer:
Nominal rate of return= 7.12%
Explanation:
Inflation is the increase in the price level. It erodes the value of money.
Nominal interest is that quoted for investment or loan transactions. It has not been been adjusted for inflation.
Real interest rate is the amount of interest in terms of the the quantity of good and services that can be purchased. It is the nominal interest rate adjusted for inflation.
The relationship between inflation, real interest and nominal interest rate is given using the Fishers Effect;
N = ( (1+R) × (1+F)) - 1
N- nominal rate, R-real rate, F- inflation
Nominal rate of return =(1.03)× (1.04) - 1 =0.0712
Nominal rate of return = 0.0712 × 100 = 7.12%
Nominal rate of return= 7.12%
What percent is the gig economy is expected to grow to by 2020?
A. 25
B. 50
C. 60
D. 75
Answer: 50
Explanation: good luck
A production process requires a fixed cost of $ 50,000. The variable cost per unit is $ 25 and the revenue per unit is projected to be $ 45. Write a mathematical expression for total profit?
Answer:
y = $ 20 x - $ 50,000
Explanation:
A mathematical expression for total profit can be taken out of the Cost Volume Profit analysis as follows :
Total Profit = Contribution - Fixed Costs
where,
Contribution = Sales - Variable Costs
= $ 45 - $ 25
= $ 20
therefore,
if x units are sold the mathematical expression for total profit y can be determined as :
y = $ 20 x - $ 50,000
Your pay rate is $18 per hour and you have worked 50 hours for the first week of the pay period and 50 hours for the second week of the pay period. Reminder: Your regular work hours is 40 hours for the week and you get paid bi-weekly and time and a half is paid for overtime hours. Calculate your gross pay.
Answer:
$1,260
Explanation:
$18 is the rate of pay for 40 hrs/week
$27 is the rate of pay for the extra 10 hrs/week (18 + 9)
A total of 100 hours for the pay period, 80 of those are 18/hr, 20 are 27/hr
40(18) + 20(27) = 720 + 540 = 1260
Please let me know if you have any questions.
The amount of output produced per unit of input is referred to as ______.
Answer:
productivity
Explanation:
Hope this helped!!!
The amount of output produced per unit of input is referred to as productivity.
What is productivity?Productivity is a measure of the efficiency with which commodities or services are produced. Productivity is frequently represented as a ratio of an aggregate output to a single or aggregate input employed in a manufacturing process, i.e. output per unit of input, generally over a specified time period.
Managers utilize objectives, incentives, development, and communication tactics to improve staff performance and productivity.
In economics, productivity quantifies output per unit of input, such as labor, capital, or any other resource. For the economy, it is frequently computed as a ratio of GDP to hours worked.
Therefore, it can be concluded, that Productivity is defined as the quantity of output generated per unit of input.
Learn more about Productivity here;
https://brainly.com/question/13774781
#SPJ6
Que consecuencias podria tener una subita caida del valor de las acciones para quienes compraban acciones con prestamos
La respuesta correcta para esta pregunta abierta es la siguiente.
No especificas el país o la Bolsa de Valores en específico, ni una fecha determinada, por lo que responderemos en términos generales.
Las consecuencias que podría tener una súbita caída del valor de las acciones para quienes compraban acciones con prestamos es que pierdan una gran parte del valor en lo que tenían invertido por la repentina caída de los precios en la Bolsa.
Además, si compraron las acciones con préstamos, la consecuencia también es que no van a tener la liquidez suficiente para poder enfrentar los pagos de esos préstamos o por lo menos, los pagos de los intereses, aunque no puedan pagar también al capital, para poder disminuir su deuda.
Este es el problema tan recurrente y grave que se presenta en los mercados de valores de cualquier Bolsa a nivel mundial. Es tan manipulable que cualquier variable hace que de repente el valor de una acción suba sin precedentes, pero al siguiente instante se desplome todavía más rápido sin mayor justificación válida.
explain the effect of a lack or shortage of entrepreneurs on the economy
At a time when Nedra's basis in her partnership interest was $5:000, she received a current distribution of $6,000 cash, and land with an adjusted basis of $2 000 and a fair market value of $3,000 The partnership had no unrealized receivables or substantially appreciated inventory. What is the result of this distribution to Nedra?
Answer:
$1,000 capital gain, $0 basis in land, $0 basis in partnership interest.
Explanation:
Based on the information given we were that she received the amount of $6,000 when she already had the amount ofb $5,000 as the basis in the partnership interest which means that she will recognize the amount of $1,000 as her CAPITAL GAIN
Secondly her basis in the land will be $0 basis reason been that any basis of property that is been received in a distribution will not be higher than the bais of the partner's in the partnership interest
Lastly her basis in the partnership interest will as well be $0 basis reason been that her own share of the money given to her reduced her basis in the partnerbership
A company's annual report will answer all of these questions EXCEPT one. Which one?
A) Exactly how much money you will have for retirement.
B) What product or service the company provides?
C) What is the company's profits?
Answer:
A
Explanation:
An annual report has nothing to do with retirement, I believe. Also, only one that didn't make sense.
I hope this helps ^-^
Public goods are funded by?
A.profits made by private businesses
B. charitable donations collected by the government
C. profits made by public companies
D.taxes collected by the government
Answer:
D. taxes collected by the government
Explanation:
Public goods are funded by the taxes collected by the government. the appropriate response is option D.
What is public good?A good that is non-excludable and non-rivalrous is referred to be a public good. Users cannot be denied access to or use of such goods just because they didn't pay for them.
Additionally, use by one individual does not restrict access for others or lessen their availability. Depending on the nation, a public good may differ, but it typically includes necessities like clean air and water to drink as well as services like the police and national security.
Public goods are products or services that are beneficial to all members of society and are frequently offered at no cost as a result of public taxes. Hence, the appropriate response is option D.
To learn more about public goods
https://brainly.com/question/14975509
#SPJ2
You are a project manager in charge of putting together a one-day weekend concert for four musical acts in a small town. The concert is to take place on August 1. During planning, it was decided that the concert would take place in a field that was offered for free by a local farmer. This location was chosen with the assumption that there would be less than a 60% chance of rain in the weather forecast for the concert date. An alternate location at the town's community center was chosen if the chance of rain is 60% or higher and would be provided for free. Regardless of the location chosen, it will not affect the schedule. The actual vendor location used will have to be decided and approved by end of day July 28. Once the decision has been made and approved, what should you do NEXT
Answer: Implement a risk response plan in order to ensure availability of alternate venue location
Explanation:
Once the decision has been made and approved, the next thing to do is to implement a risk response plan in order to ensure that the alternate venue location is available.
Risk response planning simply means having other options in order to improve opportunities and so that the threat to the achievement of s particular objective can be minimized.
In this case, it is important that the alternative location is available in case there's a rain.
_____ are costs expended to keep nonconforming goods and services from being made and reaching the customer. a. Internal failure costs b. External failure costs c. Prevention costs d. Appraisal costs
Answer:
The Answer is C
Explanation:
Prevention costs
Suppose that DiamlerChrysler is considering changing its production operations from an assembly line in which each employee adds one piece as a car chassis goes by to an operation in which several employees work as a team to build the total car, with the team deciding who does what tasks. If DiamlerChrysler implements the change, the interrelationships would change from: pooled interdependence on the line to reciprocal interdependence between the teams. reciprocal interdependence on the line to sequential interdependence between the teams. sequential interdependence on the line to pooled interdependence between the teams. routine tasks to mediating technology.
Answer:
DiamlerChrysler
Production operations changed from an assembly line to a team building the total car:
If DiaimlerChrysler implements the change, the interrelationships would change from:
sequential interdependence on the line to pooled interdependence between the teams.
Explanation:
Sequential interdependence occurs in an assembly line where one unit produces an output for the next unit. This makes each unit dependent on the unit before it. In a pooled interdependent relationship, each team member is responsible for a particular task.
Stacy wants to teach 3rd graders in a public school she just finished her bachelor's degree in education what is he required to obtain before he starts work
Answer:
The first thing that Stacy needs to get is teacher certification.
Explanation:
State governments are the ones in charge of certificating teachers, in other words, depending on the state, a person is required to pass a test or tests that enables them to teach. It is like obtaining a license for teaching, except that teachers obtain it only once.
Why would a well-known band that hasn’t held a concert in a long time potentially sell tickets for more than if they had been holding regular concerts?
The opportunity to see them in concert became rarer.
Bands who don’t hold concerts increase brand awareness.
Not holding concerts increases society’s preference for bands.
Few people can afford tickets like these.
Answer:
The opportunity to see them in concert becomes rarer
:")
Montana governor Johnny B. Goode made a campaign appearance with several police officers in uniform lined up behind him. The problem was Montana law prohibits paid public employees from making such appearances while in uniform. At the follow-up press conference, Goode faced tough questions that he tried to answer. But the results were not favorable. What PR dilemma did he face? Select one: a. He tried to control the message by diverting attention. b. He tried to control the message in an uncontrolled media environment. c. He tried to apply the hierarchy of outcomes but it did not work. d. He tried to use salesmanship.
Answer:
b. He tried to control the message in an uncontrolled media environment
Explanation:
Since in the question it is mentioned that Montana law prohibited the paid public employees while in the uniform. ALso Goode faced tough questions at the same time the results are not in the favor so here he tried for controlling the message in the non-controlled media environment so that everything would become normal
hence, the option b is correct
Violet, William, and Xavier are partners in a partnership that sells medical devices. Violet and William each contributed $100,000 to the partnership. Xavier contributed $300,000 to the partnership. The partners vote on whether or not to purchase a new $100 machine. Violet and William support the purchase. Xavier opposes the purchase. Unless the partnership agreement states otherwise, the partnership will a. not purchase the machine because partnership decisions in management matters always require a unanimous vote b. purchase the machine because the support of one partner is required for the partnership to commit itself to a given action c. not purchase the machine because Xavier's interest in the partnership exceeds the interest of Violet and William combined d. purchase the machine because each partner has one vote in management matters
Answer:
d. purchase the machine because each partner has one vote in management matters
Explanation:
Since in the question it is mentioned that the partners vote whether or not to buy a new machine for $100 so the violet and William would agree on this but Xavier does not agree
Now according to this situation the machine should be purchased as each partner vote is necessary also there is a majority of 2 person to buy the machine
hence, the option d is correct
what is an important element of sociographic segmentation
Answer:
Voduction to marketing or culture.
Explanation:
A pump station has six 500 hp pumps that run an average of 5 hours a day each, a 5 hp sump
pump that operates for 1.5 hrs/day, twenty 100-watt lights that are always on, and six 300-
watt night lights that are on 10 hours a day. What is the monthly operating cost if power cost
8.75 cents per kwh? (A month is 30 days)
Answer:
4*0.07=energy use per day(x)
(x)*30=energy use in thirty days (y)
Therefore
X=$0.28
Y=$8.4
Explanation:
Which is an economic system?
a.
monarchy
c.
dictatorship
b.
democracy
d.
market
Answer:
market!!!
Explanation:
Market is an economic system. A market economy is an economic system in which supply and demand determine how goods and services are produced.
What is economic system?An economic system is a method for communities or governments to organize and distribute resources, services, and goods throughout a region or country. As a result, a social system is a form of economic system.
Thus, Option, D market is correct.
For further details about economic system, click here:
https://brainly.com/question/316198
#SPJ2
In creating a marketing information system management would collect data from internal sources such as
Answer:
it's sales figures
Explanation:
Hope this helped ;)
There is a bond that has a quoted price of 110.547 and a par value of $2,000. The coupon rate is 7.05 percent and the bond matures in 19 years. If the bond makes semiannual coupon payments, what is the YTM of the bond?
Answer:
the YTM of the bond is 127.55 %
Explanation:
The YTM of the bond is the Market return that similar Bond Holders expect from the bond.
This can be calculated using a Financial calculator as :
PV = - $ 110.547
FV = $2,000
PMT = $2,000 x 7.05 % x 1/2 = $70.50
N = 19 x 2 = 38
P/yr = 2
YTM = ???
Therefore, the YTM of the bond is 127.55 %
Helios, Inc., is a new startup specializing in retrofitting existing commercial buildings with affordable solar energy panels. The company is growing quickly and needs to fill about 20 junior and senior staff positions over the next few months. Their main goals at this stage are to increase brand awareness and to maximize the return on the time they invest in recruiting candidates. They also want the hiring process to be cost effective. Finally, they are looking to attract non-traditional candidates, not necessarily only those with business and science backgrounds. The founders, Brianna, Nick, and Vinh, meet with team mangers to discuss the best strategy for locating outstanding new hires. Which option makes the most sense given their current goals and restrictions
Answer:
To have current employees network among their contacts and to make qualified employee or candidate referrals
Explanation:
Based on the information given since the goals and objectives of the company is to increase the company brand awareness which means that the best strategy which the company can use in order for them to locate best, suitable and outstanding new hires employees is TO HAVE CURRENT EMPLOYEES NETWORK AMONG THEIR CONTACTS AND AS WELL TO MAKE QUALIFIED EMPLOYEE OR CANDIDATE REFERRALS , the reason why this option makes the most sense based on the company current goals and restrictions is that with this strategy it will help the company to save time and money in recruiting outstanding new hire and it will enables them to hire the most qualified candidates without stress.
You are managing the execution of project work on a job site to convert an old school to a fitness center for a customer. One of the contracted plumbers has discovered that the plumbing is not up to code. You analyze the situation and discuss options with the project team members including the contractor. The best option in this situation is to replace the plumbing. To ensure the project stays on schedule, the contractor will need to bring in three additional plumbers. The cost for bringing the plumbing up to code is an additional $20,000. After documenting the issue in the issue log, you need to bring it to the attention of the customer. You begin by referring to the communications management plan. What should do NEXT
Answer:
update customers about the change in project plan through an email or pull communication.
Explanation:
Pull communication is a e communication process in which information about a project is communicated to the relevant stakeholders. If a person reads the information he may be able to learn about any updates in project plan change. If a person does not reads it there will be no effect on the project plan.
According to the video, which qualities do Lawyers need? Select all that apply.
x mechanical skills
x aggressiveness
intelligence
x physical fitness
determination
moral and ethical integrity
people skills
Answer:
C E F G
Explanation:
According to the video, The qualities Lawyers need, The first is intelligence, the second one was determination, moral and ethical integrity people skills.
What are skills?A skill is the acquired capacity to move with deliberate intent and good execution, frequently in a pre-determined window of time or energy or both. Domain-general and domain-specific skills are two common categories of skills.
As, The qualities the lawyer needs in the Curveballs will probably be thrown throughout a case session, and they must be able to understand them and react accordingly.
As, The important quality, the lawyer needs is zeal for one's work. Successful attorneys nearly usually have a genuine enthusiasm for what they do as a profession.
Therefore, The right option (C, E, F, G)) is correct.
Learn more about skills here:
https://brainly.com/question/28464758
#SPJ6
Which term defines all of the other options that are given up when a business makes one choice over another?
trade-offs
O limited resources
O diminishing returns
opportunity costs
Answer:
Trade-offs would be the correct term
What is the range of this
data?
7, 2, 5, 1, 3
Answer:
1 and 7
Explanation:
The answer is 6. You have to subtract the smallest number from the biggest number.
Define ''limited in stock''
Answer:
Explanation:
it means that the product wont be around aymore since its limited to retailer?
