what is the diffinition and meaning of management​

Answers

Answer 1

Answer: management

Explanation:The best definition of Management refers to the optimal way to accomplish tasks and achieve goals, using Planning, Organizing, Staffing, Directing, and Controlling functions or processes.


Related Questions

During June, Lionel Magazine sold for cash an advertising space for $1200 total to be run in the July through December issues. On that date, the Lionel Magazine Company properly recognized Unearned Revenue. The adjusting entry to record on July 31 for the first month of advertising space includes:

Answers

Answer:

Lionel Magazine

The Adjusting Journal Entry to record on July 31 for the first month of the advertising space sold includes a:

Debit to the Unearned Revenue account with $200

and

Credit to Earned Advertising Revenue account with $200

This will reduce the Unearned Revenue account by $200 being the amount for July (one month) and at the same time, increase the Earned Advertising Revenue account by $200.

Explanation:

a) Data and Analysis:

Unearned Revenue $200 Earned Revenue $200 ($1,200/6)

Answer:

Lionel is a resident at a personal care home. A direct care staff person threatened to steal Lionel’s collection of car magazines if he did not socialize with other residents during recreational activities. The threat of stealing Lionel’s magazines is an example of ____________.

Explanation:

PLEASE HELPPP!! Human Resources class

Answers

I don’t know probably a or d fam

The appropriate section in the statement of cash flows for reporting the issuance of common stock for cash is: Multiple Choice Operating activities. Financing activities. Investing activities. Schedule of noncash investing or financing activity. This is not reported on the statement of cash flows.

Answers

Answer:

Financing activities.

Explanation:

In the financing activities of the cash flow statement the stockholder equity section should be considered i.e. if there is an issuance of the common stock or preferred stock or both so the same would be represented as cash inflow but if there is a dividend so it would be represent as a cash outflow

So as per the given situation it is a part of the financing activities

At Beleza Natural, one of the steps of the process is drying and styling, which include having cut and/or colored. 35% of the clients had their hair cut, which took an average of 20 min. Hairdresser spent 10 minutes with the customer while coloring the hair and only 15% of the customers chose to have their hair colored. Drying and styling the hair took 10 min on average and all the customers requested drying and styling. What is the expected activity time for this step of the process in Beleza Natural

Answers

Answer:

18.50 minutes

Explanation:

cutting and drying/styling

= 20 + 10 = 30 minutes

percentage = 35%

= 30 * 0.35 = 10.50

coloring and styling/drying

= 10 + 10 = 20 minutes

percentage = 15 percent

0.15 * 20 = 3.00

only dryind and styling

time = 10 minutes

probability = 1 - 0.15+0.35 = 0.50

0.50 * 10 = 5.00

the expected activity time for this process = 10.50 + 5.00 + 3.00

= 18.50

Given Table 12-6 below, fill in the values for saving. Assume taxes = $800.
Table 12-6

National Income
$11,400
11,800
12,200
12,600
Consumption
$7,500
7,800
8,100
8,400

What are the savings .

Answers

Answer:

Savings = National Income  -  Consumption - Taxes

Explanation:

Savings are the part of income that is not spent or paid in taxes. So it can be calculated by subtraction consumption from the national income.

National Income (Y) = C+ T + S

Therefore,

S= Y - C - T

That is the part of income that is not spent or paid in taxes is called savings.

National Income   Consumption  Taxes    Savings

$11,400                        $7,500           $800    $3,100

$11,800                        $7,800           $800    $3,200

$12,200                       $8,100            $800    $3,300

$12,600                       $8,400           $800    $3,400

Identify which situation will lead to a fall in the net exports.

a.
More government spending than taxation

b.
More taxation than government spending

c.
More exports than imports

d.
More imports than exports
Help Fast please ​

Answers

b????????????????????????

Answer:

Use the drop-down menus to answer the questions.

In this circular flow mode, what does the letter A present?

✔ financial sector

What does the letter B represent?

✔ government sector

What does the letter C represent?

✔ foreign sector

What does the letter D represent?

✔ leakages

Explanation:

got it right on edge

On January 1, 2020, a customer purchased a new $29,400 automobile, making a downpayment of $840. The customer signed a note indicating that the annual rate of interest would be 12% and that quarterly payments would be made over 3 years. For the first year, Oriole required a $357 quarterly payment to be made on April 1, July 1, October 1, and January 1, 2021. After this one-year period, the customer was required to make regular quarterly payments that would pay off the loan as of January 1, 2023.
Prepare a note amortization schedule for the first year. (Round answers to o de Cash Paid Interest Expense Discount Amortized Carrying Amount of Note Date 0 0 32000 400 960 560 32560 400 977 577 33137 994 400 594 33731 400 1012 612 34343

Answers

Answer:

Carrying Amount of Note on January 1, 2020 = $28,560

Carrying Amount of Note on January 1, 2021 = $30,650.98

Explanation:

Note: See the attached excel file for the note amortization schedule for the first year.

In the attached excel file, the Carrying Amount of Note on January 1, 2020 is calculated as follows:

Carrying Amount of Note on January 1, 2020 = Cost of the automobile – Downpayment = $29,400 - $840 = $28,560

Also from the attached excel file, we have:

Carrying Amount of Note on January 1, 2021 = $30,650.98

The price of trade Suppose that Italy and Sweden both produce beer and cheese. Italy's opportunity cost of producing a pound of cheese is 4 barrels of beer while Sweden's opportunity cost of producing a pound of cheese is 10 barrels of beer. By comparing the opportunity cost of producing cheese in the two countries, you can tell that has a comparative advantage in the production of cheese and has a comparative advantage in the production of beer. Suppose that Italy and Sweden consider trading cheese and beer with each other. Italy can gain from specialization and trade as long as it receives more than of beer for each pound of cheese it exports to Sweden. Similarly, Sweden can gain from trade as long as it receives more than of cheese for each barrel of beer it exports to Italy. Based on your answer to the last question, which of the following prices of trade (that is, price of cheese in terms of beer) would allow both Sweden and Italy to gain from trade?
a. 4 barrels of beer per pound of cheese
b. 7 barrels of beer per pound of cheese
c. 6 barrels of beer per pound of cheese
d. 1 barrel of beer per pound of cheese

Answers

Answer:

Italy has Comparative advantage is producing cheeses.

Sweden has comparative advantage of producing barrels of beer.

Italy can gain from trade if it receives more than 1 pound of cheese for every 4 barrels of beer.

Sweden can gain from trade if it receives more than a pound of cheese for every 10 barrels of beer.

The best price for trade is 4 barrels of beer per pound of cheese.

Explanation:

Both the countries Sweden and Italy can gain from the trade if they trade for a price of 4 barrels of beer per pound of cheese. The Sweden has comparative advantage in producing barrels of beer and Italy has comparative advantage in producing cheese.

George is an entrepreneur who owns a large office that has a few meeting rooms. Almost every day, he sees that there are conflicts between employees over the use of the meeting rooms. As a solution, George posts a schedule for the meeting rooms so that his employees can reserve the rooms going forward. Which skill has George demonstrated in the scenario? A. time management skills B. resource management skills C. task management skills D. speaking skills

Answers

D. He is trying to improve the employees speaking skills so there is less conflict

Answer:

Explanation:

B : resource management skills

just trust

The risk-free rate of return is 6 percent, and the expected return on the market is 14.7 percent. Stock A has a beta coefficient of 1.6, an earnings and dividend growth rate of 6 percent, and a current dividend of $1.90 a share. Do not round intermediate calculations. Round your answers to the nearest cent. What should be the market price of the stock

Answers

Answer:

P0 = $14.4683 rounded off to $14.47

Explanation:

To calculate the market price of the stock today, we will use the constant growth model of DDM. The constant growth model calculates the values of the stock today based on the present value of the expected future dividends from the stock. The formula for price today under this model is,

P0 = D0 * (1+g)  /  (r - g)

Where,

D0 is the dividend todayg is the constant growth rater is the required rate of return on the stock

We first need to calculate r using the CAPM equation. The equation is,

r = rRF + Beta * (rM - rRF)

Where,

rRF is the risk free raterM is the return on market

r = 0.06 + 1.6 * (0.147 - 0.06)

r = 0.1992 or 19.92%

Using the price formula for DDM above, we can calculate the price today to be,

P0 = 1.9 * (1+0.06)  /  (0.1992 - 0.06)

P0 = $14.4683 rounded off to $14.47

Auto Shoppe is considering the purchase of a new engine computer code reader for $30,000. Auto Shoppe can charge $50 for the service of reading the codes from a single car engine, while the actual cost of the reading would only be $10 per car engine. Suppose that the manager of Auto Shoppe is concerned about this purchase, and has stated that if Auto Shoppe were to buy the new engine computer code reader, "..the machine needs to pay for itself by the time we use it to read the codes of 200 car engines." The manager says this is because, "…those sorts of engine computer code readers go out of date very quickly, so if we don’t get our money back soon, we will probably just wind up replacing the machine before it ever breaks even." What would Auto Shoppe need to charge for the service of reading each car engine, to just break-even when it reads the codes from 200 car engines?

Answers

Answer:

Auto Shoppe

For Auto Shoppe to just break-even when it reads the codes from 200 car engines, it would charge $160 for the service of reading each car engine.

Explanation:

a) Data and Calculations:

Fixed cost of new engine computer code reader = $30,000

Service charge for reading the code from a single car engine = $50

Variable cost of reading per car engine = $10

Number of engines to read their codes = 200

To break-even, total costs must equal total revenue

Total costs = Fixed costs + Variable costs

= $30,000 + $10 * 200

= $32,000

Therefore, revenue should be equal to $32,000

The amount to charge in order to break-even is:

= $160 ($32,000/200)

b) This implies that to break-even at $50 selling price, the number of engines should be increased to 750 ($30,000/$40).  This is because the contribution margin per unit = $40 ($50 - $10) and the fixed costs = $30,000.

There are many concerns for risk-averse lenders. Consider the following: 1. Lenders are concerned that borrowers with the greatest risk are the ones most likely to actively pursue loans. 2. Lenders are concerned that real GDP will decline leading to reduced corporate profits. 3. Lenders are concerned that products produced by certain corporations will become obsolete. a. 1 is market risk; 2 is firm-specific risk b. 2 is market risk; 3 is firm-specific risk c. 3 is market risk; 1 is firm-specific risk d. 2 is firm-specific risk; 3 is market risk

Answers

Answer:

b. 2 is market risk ;  3 is firm specific risk.

Explanation:

Market risk is the one which is not in the control of the organization and it can not be avoided. Firm specific risk is the business internal risk which a company chooses with it will. In the given scenario the market risk is the concern that real GDP will decline and the profit will be reduced. The product obsolete risk is business specific risk.

Aggregating potential car buyers into groups that have common needs and will respond in the same way to a marketing campaign is a process known as Multiple Choice market positioning. market segmentation. market cataloging. market differentiation. product differentiation.

Answers

Answer:

Aggregating potential car buyers into groups that have common needs and will respond in the same way to a marketing campaign is a process known as:

Market segmentation.

Explanation:

Market segmentation is a marketing effort by a business entity to classify its customers into groups according to similar characteristics and based on Demographic, Psychographic, Geographic, and Behavioral segments.  Market segmentation helps the entity to identify market opportunities, design products, time marketing efforts, select appropriate media, and efficiently allocate resources to achieve its marketing goals.

Novak Corp. took a physical inventory on December 31 and determined that goods costing $201,500 were on hand. Not included in the physical count were $26,000 of goods purchased from Crane Company, FOB, shipping point, and $20,500 of goods sold to Nash's Trading Post, LLC for $32,000, FOB destination. Both the Crane purchase and the Nash sale were in transit at year-end. What amount should Novak report as its December 31 inventory?

Answers

Answer:

$248,000

Explanation:

Calculation for What amount should Novak report as its December 31 inventory

Using this formula

Ending inventory = Goods costing +Physical count +Goods sold to Nash's

Let plug in the formula

Ending inventory = $201,500 + $26,000 + $20,500

Ending inventory =$248,000

Therefore The amount that Novak should report as its December 31 inventory is $248,000

Ziva is an organic lettuce farmer, but she also spends part of her day as a professional organizing consultant. As a consultant, Ziva helps people organize their houses. Due to the popularity of her home-organization services, Farmer Ziva has more clients requesting her services than she has time to help if she maintains her farming business. Farmer Ziva charges $25 an hour for her home-organization services. One spring day, Ziva spends 10 hours in her fields planting $130 worth of seeds on her farm. She expects that the seeds she planted will yield $300 worth of lettuce.

Reqired:
What is the total opportunity cost (implicit plus explicit costs) of the day that Farmer Ziva spent in the field planting lettuce?

Answers

Answer: $380

Explanation:

Implicit costs are the opportunity costs or rather the benefits foregone by picking the current alternative.

For Ziva this is:

= 25 * 10

= $250 she would have made doing home organization

Explicit cost is the expense incurred:

= $130 worth of seed

Total opportunity cost = 250 + 130

= $380

Calculate the balance of cash using a bank reconciliation (LO4-5) Spielberg Company's general ledger shows a checking account balance of $22,830 on July 31, 2021. The July cash receipts of $1,745, included in the general ledger balance, are placed in the night depository at the bank on July 31 and processed by the bank on August 1. The bank statement dated July 31 shows bank service fees of $41. The bank processes all checks written by the company by July 31 and lists them on the bank statement, except for one check totaling $1,320. The bank statement shows a balance of $22,364 on July 31.
Required:
1. Prepare a bank reconciliation to calculate the correct ending balance of cash on July 31, 2021. (Amounts to be deducted should be indicated with a minus sign.) SPIELBERG COMPANY Bank Reconciliation July 31, 2021 Bank's Cash Balance Company's Cash Balance Per General Ledger Per Bank Statement Bank Balance per Reconciliation Company Balance per Reconciliation
2. Record the necessary entry(ies) to adjust the balance for cash. (If no entry is required for a tra select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 > Record the amounts that increase cash. Note: Enter debits before credits General Journal Debit Credit Date July 31, 2021

Answers

Answer:

A. Bank balance per reconciliation $22,789

Company balance per reconciliation $22,789

B. No journal entry required

Dr Service fees expense $41

Cr Cash $41

Explanation:

A Preparation of a bank reconciliation to calculate the correct ending balance of cash on July 31, 2021

Bank Reconciliation

July 31 2021

Bank Cash balance

Per bank statement $22,364

Add Deposits outstanding $1,745

Checks outstanding -$1,320

Bank balance per reconciliation $22,789

Company Cash balance

Per generall edger$ 22,830

Service Fees -$41

Company balance per reconciliation $22,789

B. Preparation of the journal entry to adjust the balance for cash.

No journal entry required

Dr Service fees expense $41

Cr Cash $41

Solve the following problem to find the maximum profit by creating a spreadsheet.

a. A company is making Boats and Motors. The boats sell for $22,000 and the motors sell for $15,000.
b. There are 3 factories available to make the products.
c. Factory 1 requires 9 hours to make a boat and is not capable of making motors. It has 84 hours available.
d. Factory 2 does not have the capability to make boats and requires 3 hours to make a motor. It has 40 hours available.
e. Factory 3 requires 16 hours to make a boat and 5 hours to make a motor. It has 120 hours available.

Answers

Answer:

Maximum profit = $765,333.33

Explanation:

Note: See the attached excel file for the calculation of the maximum profit (in bold red color).

In the calculation, it is assumed that selling price per unit is the same thing as the profit per unit since we are not given the cost per unit.

Therefore, from the attached excel file, we have:

Maximum profit = $765,333.33

Grover Corp. manufactures three products, and is currently facing a labor shortage. The selling price, costs, and labor requirements of the three products are as follows: Product A Product B Product C Selling price $ 44.00 $ 18.00 $ 28.50 Variable cost per unit $ 28.00 $ 15.00 $ 27.00 Direct labor hours per unit 2.00 1.50 .50 In what order should Grover Corp. prioritize production of its products to maximize profit during the labor shortage

Answers

Answer:

A, C, B

Explanation:

Calculation to determine In what order should Grover Corp. prioritize production of its products to maximize profit during the labor shortage

Product A Product B Product C

Selling price $ 44.00 $ 18.00 $ 28.50

Less Variable cost per unit

$ 28.00 $ 15.00 $ 27.00

=Contribution margin per unit

$16.00 $3.00 $1.50

÷Direct labor hours per unit 2.00 1.50 .50

=Contribution margin per labor hour

$8.00 $2.00 $3.00

PRODUCT A=$16.00÷2.00

PRODUCT A=$8.00

PRODUCT B=$3.00÷1.50

PRODUCT B=$2.00

PRODUCT C=$1.50÷.50

PRODUCT C=$3.00

RANKING:

PRODUCT A=$8.00

PRODUCT C=$3.00

PRODUCT B=$2.00

Therefore based on the above calculation the order that Grover Corp.should prioritize production of its products to maximize profit during the labor shortage will be from the highest Contribution margin per labor hour to the lowest which are A,C,B

Answer: A, C, B.

Explanation:

To solve this question based on the information given goes thus:

The Contribution margin per labor hour for Product A will be:

= ($44 - $28) / 2.0

= $16/2.0

= $8

The Contribution margin per labor hour for Product B will be:

= ($18 - $15) / 1.50

= $2

The Contribution margin per labor hour for Product C will be:

= ($28.50 - $27) / 0.50

= $1.50/0.5

= $3

Therefore, the order that Grover Corp. should use to prioritize production of its products to maximize profit during the labor shortage will be:

A, C, B.

Assume Simple Co. had credit sales of $256,000 and cost of goods sold of $156,000 for the period. Simple uses the percentage of credit sales method and estimates that 1 percent of credit sales would result in uncollectible accounts. Before the end-of-period adjustment is made, the Allowance for Doubtful Accounts has a credit balance of $310. What amount of Bad Debt Expense would the company record as an end-of-period adjustment

Answers

Answer: $2560

Explanation:

A bad debt expense simply refers to a scenario whereby a receivable isn't collectible due to the fact that a customer isn't able to pay their outstanding debt.

Based on the information given in the question, the amount of bad debt expense that would be recorded by the company as an end-of-period adjustment will be:

= Credit sales × Percentage of uncollectible accounts

= $256000 × 1%

= $256000 × 0.01

= $2560

During its first year of operations, Dudu Company paid $50,000 for direct materials and $36,000 in wages for production workers. Lease payments and utilities on the production facilities amounted to $14,000. General, selling, and administrative expenses were $16,000. The company produced 5,000 units and sold 4,000 units for $30.00 a unit. The average product cost per unit is which of the following amounts?

a. $16.00
b. $18.40
c. $25.00
d. $20.00

Answers

Answer:

Average production cost= $20

Explanation:

The product cost is the sum of direct material, direct labor, and allocated overhead. First, we need to calculate the total production costs:

Total production costs= 50,000 + 36,000 + 14,000= $100,000

Now, the average production cost:

Average production cost= total costs / units produced

Average production cost= 100,000 / 5,000

Average production cost= $20

A borrower is interested in comparing the monthly payments on two otherwise equivalent 30 year FRMs. Both loans are for $100,000 and have a 7% interest rate. Loan 1 is fully amortizing, where as Loan 2 has negative amortization with a $120,000 balloon payment due at the end of the life of the loan. How much higher is the monthly payment on loan 1 versus loan 2

Answers

Answer:

The monthly payment in Loan 1 is higher than in loan 2 by:

(665.30 - 566.94) = $98.36

Explanation:

Solution:

Comparison of Loan 1 and Loan 2 in terms of monthly payments.

For the first loan, we have to calculate equal monthly payments with the following details:

Principal = $ 100,000,

Monthly Interest rate = 7/12 = 0.58% ,

Term = 360 months

Use the PV = C (1 - (1+r)-n ) / r ,

where PV = Principal, r = monthly rate, n = 360 and

find C (EMI) = $665.30

NOTE: (Excel function is used: PMT(rate, year, PV) formula for convenience)

For Loan 2, we have to understand a few things.

The original loan principal is $ 100,000,

but you are allowed to do a balloon payment of $ 120000 at the end of 30 years.

The present value of the Balloon payment can be deducted from the principal to find out the monthly cash payments to be done.

The monthly payments will of course be lower since a lump sum balloon payment is done at the end.

The calculation is similar to the above. In this scenario, the Monthly payment comes out to be $ 566.94

Hence,

The monthly payment in Loan 1 is higher than in loan 2 by:

(665.30 - 566.94) = $98.36

According the Kant, so long as good ends are accomplished, the action is good
True
False

Answers

Answer:

True :D

Explanation:

[Hair Stylist Woes] Ryan, a college student, went to see his hair stylist, Melissa. Ryan, who had black, curly hair, requested straight, blond hair. Melissa told him that she could make those changes, but that there would be significant upkeep involved. Melissa made the changes, but Ryan did not do the upkeep required. Ryan proceeded to falsely claim that Melissa did not do what Ryan asked her to do that Melissa lied to him, and that Melissa was professionally incompetent. Ryan made the statements about Melissa to friends of his. He also wrote a letter to his college newspaper saying that Melissa's shop should be avoided at all costs because Melissa was incompetent In fact, Melissa was a good hair stylist and enjoyed a good reputation up until the time that Ryan started his criticism. Melissa threatened to sue Ryan for defamation, but Ryan told Melissa that she could not prevail because she could not prove loss of income. Melissa had to admit that while her reputation had been damaged somewhat and she felt embarrassed and humiliated, the damage was primarily her appointment times were booked for weeks ahead. Statements made by Ryan to his friends that were defamatory of Melissa are what type of defamation? a. Libel but not slander. b. No tort was committed because the statements were made only to friends of Ryan, not to business acquaintances of Candy. c. No tort was committed because the falsehood involved matters of appearance not business related matters. Slander but not libel. d. Both libel and slander.

Answers

Answer:

The type of defamation statements made by Ryan against Melissa are:

d. Both libel and slander.

Explanation:

Ryan made a libelous statement against Melissa by writing to his college newspaper, advising potential clients to avoid Melissa's shop because of her alleged incompetence.   Ryan also made slanderous statements against Melissa to his friends.  The defamation of character and reputation was both libelous and slanderous.

Diamond Computer Company has been purchasing carrying cases for its portable computers at a purchase price of $59 per unit. The company, which is currently operating below full capacity, charges factory overhead to production at the rate of 40% of direct labor cost. The fully absorbed unit costs to produce comparable carrying cases are expected to be as follows:
Direct materials $35.00
Direct labor 18.00
Factory overhead (40% of direct labor) 7.20
Total cost per unit $60.20
If Diamond Computer Company manufactures the carrying cases, fixed factory overhead costs will not increase and variable factory overhead costs associated with the cases are expected to be 15% of the direct labor costs.
Prepare a differential analysis dated February 24 to determine whether the company should make (Alternative 1) or buy (Alternative 2) the carrying case. If an amount is zero, enter zero "0". If required, round your answers to two decimal places. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

Answers

Answer:

Diamond Computer Company

The company should make (Alternative 1) the cases.

Explanation:

a) Data and Calculations:

Purchase price of portable computer cases = $59 per unit

Alternative 1: Make

Direct materials        $35.00

Direct labor                 18.00

Variable overhead       2.70 (15% of $18.00)

Total variable  cost $55.70

Alternative 2: Buy

Purchase price = $59

b) A make or buy decision is determined by preparing a differential analysis.  The differential or incremental analysis evaluates the changes in revenues, costs, and profits resulting from Diamond's decision to make or purchase the computer carrying cases.

17) Two commonly used techniques to aid managers with important decisions for setting a direction and allocating resources include ________ and ________ analysis strategies. A) micromarketing; macromarketing B) business portfolio; diversification C) investment; divestment D) dashboards; metrics E) subjective; objective Group of answer choices a b c d e

Answers

Answer:

Option b: business portfolio; diversification

Explanation:

A business is commonly defined as the clear, broad, underlying industry or market segment or sector of an organization's offering.

A business portfolio analysis is simply a technique that managers use to grade performance measures and growth targets to analyze their firms' strategic business units (SBUs) as if they are collection of different investments.

Diversification analysis is also a technique use in business to helps a firm or organizations to search for growth opportunities from among current and new markets as well as current and new products.

An amortization schedule for bonds issued at a premium: Multiple Choice Is reported in the balance sheet. All of these answer choices are correct. Is a schedule that reflects the changes in the debt over its term to maturity. Correct Summarizes the amortization of the premium, a contra-asset account with a credit balance.

Answers

I love peanut butter and grxjdjdjjrfj818284

What is the folder in which the file named script is contained?

Answers

Answer:

The folder name is "script "

The folder name is the word script...

Kaplan Consulting applies overhead to client accounts based on direct labor hours. For the month of October, the company estimated overhead costs to be $9,000 based on estimated direct labor hours of 1,000. The company actually incurred 900 direct labor hours and $7,200 of overhead. If Kaplan uses a normal costing system, how much overhead was applied in October

Answers

Answer:

the overhead applied is $8,100

Explanation:

The computation of the overhead applied is shown below:

But before that the predetermined overhead rate is

= $9,000 ÷ 1,000 direct labor hours

= $9 per direct labor hour

Now the applied overhead is

= 900 direct labor hours × $9

= $8,100

Hence, the overhead applied is $8,100

Some characteristics of the determinants of nominal interest rates are listed as follows. Identify the components (determinants) and the symbols associated with each characteristic:

a. This is the premium that reflects the risk associated with changes in interest rates for a long-term security.
b. Over the past several years, Germany, Japan, and Switzerland have had lower interest rates than the United States due to lower values of this premium.
c. It is based on the bond’s marketability and trading frequency; the less frequently the security is traded, the higher the premium added, thus increasing the interest rate.
d. This is the rate for a short-term riskless security when inflation is expected to be zero.
e. This is the premium added as a compensation for the risk that an investor will not get paid in full.

Answers

Answer:

Explanation:

a. This is the premium that reflects the risk associated with changes in interest rates for a long-term security.

(determinants<>Nominal risk free rate)

( The Symbol<> rRF)

b. Over the past several years, Germany, Japan, and Switzerland have had lower interest rates than the United States due to lower values of this premium.

( Determinant<>Inflation premium)

(Symbol<>IP)

c. It is based on the bond’s marketability and trading frequency; the less frequently the security is traded, the higher the premium added, thus increasing the interest rate.

( Determinant<>Liquidity risk premium)

( Symbol<> LRP)

d. This is the rate for a short-term riskless security when inflation is expected to be zero.

(Determinant<> Real risk free rate)

( Symbol<>r)

e. This is the premium added as a compensation for the risk that an investor will not get paid in full.

(Determinant<> Default risk premium)

( Symbol<> DRP)

Indiana Co. began a construction project in 2021 with a contract price of $163 million to be received when the project is completed in 2023. In 2021, Indiana incurred $35 million of costs and estimates an additional $83 million of costs to complete the project. Indiana recognizes revenue over time and this project recognizes revenue over time according to the percentage of the project that has been completed.
Indiana:___________
A. Recognized no gross profit or loss on the project in 2021.
B. Recognized $81.00 million loss on the project in 2021.
C. Recognized $38.00 million loss on the project in 2021.
D. Recognized $13.50 million gross profit on the project in 2021.

Answers

Answer:

D. Recognised $13.5 million gross profit on the project in 2021.

Explanation:

Firstly, we will begin by getting how much of the project has been completed

$35 million of the cost has been incurred and a further $83 million left

This means that the total cost would be;

= $35 + $83

= $118

If $35 million of the cost has been incurred, we can find out how far the project is using its proportionality .

= 35/118

= 0.297

= 29.7% of the project has been completed.

The above implies that we can apportion 29.7% of the contract price to 2021.

= 29.7% × $163 million

= $48.411 can be recognised as revenue

The cost till date is $35 and there were no costs in the previous year as this is the first year of the project.

Hence, the gross profit would be;

= $48.411 million - $35 million

= $13.5 million

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