The statement "a direct materials flexible budget variance can be broken down into a price variance and a quantity variance" is true.
The term variance means the difference between actual and expected values. The primary function of a flexible budget is to evaluate the differences between actual outcomes and the budgeted amounts at various production levels. A flexible budget provides better information to management in terms of understanding how costs vary with fluctuations in production levels. Hence, a direct materials flexible budget variance can be broken down into a price variance and a quantity variance.
A direct materials flexible budget variance can be split into a price variance and a quantity variance. The price variance is the difference between the actual price paid for direct materials and the standard price multiplied by the quantity of direct materials purchased. The formula for price variance is (AQ x AP) - (AQ x SP). AQ is actual quantity, AP is actual price, and SP is standard price. The quantity variance is the difference between the actual quantity of direct materials used and the standard quantity of direct materials for the units produced multiplied by the standard price. The formula for quantity variance is (AQ x SP) - (SQ x SP). AQ is actual quantity, SP is standard price, and SQ is standard quantity.
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suppose george and his wife martha own a small corporation with less than 50 employees, of which george and martha are the only shareholders. they each own 50% of the total shares of the corporation. the corporation is a restaurant supply business that has fallen on hard times when the economy went south as a result of the pandemic. the company has been unable to pay its bills and its debt. the company's creditors have sued george and martha, claiming they should be personally liable for the corporation's debt.
George and his wife Martha own a small corporation with less than 50 employees, of which George and Martha are the only shareholders. they each own 50% of the total shares of the corporation.
In this case, George and Martha as the sole shareholders of a small corporation facing financial difficulties may potentially be held personally liable for the company's debt.
The concept of piercing the corporate veil allows creditors to pursue the personal assets of shareholders under certain circumstances and the factors such as the failure to maintain corporate formalities and corporate assets.
Therefore, the decision to pierce the corporate veil is subject to the laws and regulations of the specific jurisdiction.
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Identify at least five management activities and/or skills that you see in the Harry Potter movies. Provide a brief analysis of the scenario as well.
(Technical skills - The skills necessary to accomplish or understand the specific kind of work done in an organization.
Interpersonal skills - The ability to communicate with, understand, and motivate both individuals and groups.
Conceptual skills - The manager’s ability to think in the abstract.
Diagnostic skills - The manager’s ability to visualize the most appropriate response to a situation.
Communication skills - The manager’s abilities both to effectively convey ideas and information to others and to effectively receive ideas and information from others.
Decision-making skill - The manager’s ability to correctly recognize and define problems and opportunities and to then select an appropriate course of action to solve problems and capitalize on opportunities.
Time management skill - The manager’s ability to prioritize work, to work efficiently, and to delegate appropriately.
Pls help, I can't think of anything else!!
(MY RESPONSE IS BELOW)
The five management skills as used in Harry potter is seen below with the instances
What are Technical skills?Generally, Technical skills: In the Harry Potter movies, Professor Du/m/bl/edo/re, headmaster of Hogwarts School of Wit/chcraft and Wi/zardry, demonstrates his technical knowledge of magic and its application in various situations, such as during battles against the Dark Arts and in protecting the school from external threats.
Interpersonal skills: Harry Potter, as the leader of the "Du/mbl/edo/re's Army," shows his ability to communicate with, understand, and motivate his fellow students to stand up against the oppression of the Death Eaters.
Conceptual skills: Professor Snape, as a skilled potion master, demonstrates his ability to think abstractly and creatively in his teaching of potions and in his role as a spy for Du/mble/dore.
Diagnostic skills: Hermione Granger, as a highly intelligent witch, demonstrates her ability to analyze situations and come up with appropriate responses, such as when she deduces that Dra/co Malfoy is a Death Eater in disguise.
Decision-making skill: Harry Potter, as the leader of the group fighting against Lord Voldemort, demonstrates his ability to make quick and effective decisions in high-pressure situations, such as during the Battle of Hogw/arts.
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a measurement of how much a person or household owns once all debts have been paid.
Wealth, A measurement of how much a person or household owns once all debts have been paid.
What is the measure of wealth?
The most widely used indicator of wealth is net worth, which is calculated by adding up the market values of all of an individual’s tangible and intangible possessions, then deducting any debts.
What are the three types of wealth?
Personal property, such as homes or cars, financial savings, such as the accumulation of prior income, and capital wealth, which consists of income-producing assets like real estate, stocks, bonds, and enterprises,are the three main categories into which wealth can be divided.
Is GDP the measure of wealth?
GDP is in no way a measure of “wealth.” It serves as a gauge of revenue. It is a “flow” measure that looks backwards and gives you the value of the goods and services generated during a specific time period. It doesn’t tell you whether you can produce the same volume again the next year.
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a rate of growth of real gdp that equals the rate of population growth causes the average standard of living to
A rate of growth of real GDP that equals the rate of population growth causes the average standard of living to "remain constant".
The rate of growth of real GDP is equal to the rate of population growth, the average standard of living tends to remain constant because the increase in real GDP is offset by the increase in population and per capita GDP that stays relatively unchanged.
Per capita GDP is a measure of the average economic output per person in a country and it means that the increase in goods and services produced is distributed across a larger population which results in a relatively stable average standard of living.
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If your income increases and your consumption of bagels increases, other things equal, bagels are considered:
Answer:
d. normal good.
Explanation:
The normal goods are the goods which show the direct relationship between the income and quantity demanded also its elasticity of demand is more than one that means it appears in positive which we called as elastic demand
Therefore in the given case it is a case of normal goods as the income increases also the consumption of bagels also increased
hence, the correct option is d,
Economics (FoolProof)
I should do my best to get a credit card from a company that will tell me both my interest rate and my credit limit before I commit to taking the card.
True or False
Answer:True
Explanation:
what is one of the distinguishing characteristics that sets terrorist financing apart from money laundering and makes it difficult to detect?
Answer:
The origin of the funds
Explanation:
hope it helped
The most basic difference between terrorist financing and cash laundering involves the starting place of the price range. Terrorist financing uses finances for an unlawful political cause, however, the cash isn't always necessarily derived from illicit proceeds.
What is money laundering?Money laundering involves disguising financial belongings in order that they can be used without detection of the unlawful pastime that produced them. Thru cash laundering, the crook transforms the economic proceeds derived from a crook pastime into finances with a seeming prison supply.
Money laundering is illegal due to the fact it's miles a way for criminals to benefit from crime and frequently involves multiple unlawful activities. Both the act and the foundation of money laundering make it unlawful.
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What is location analysis
Answer:
Location analysis is a technique for discovering, assessing and specifying the optimal placement of an organization's people, information, activities, and materials.Location models are key in performing location analysis by providing a well-documented common vision of current and desired location arrangements.
Describe factors that encourage conspicuous
consumption by the purchase of status sym-
bols.
Veblen's initial thesis said that better social standing and peer recognition were the two key factors influencing ostentatious consumption.
Conspicuous consumerism is the act of acquiring things or services specifically with the intention of flaunting one's affluence. When publicly exhibited products and services are too expensive for other people in a person's class, conspicuous spending is a way to demonstrate one's social position.
What is the conspicuous consumerism theory?
Conspicuous consumption is defined as. Displaying extravagant riches in order to improve one's standing and reputation in society is known as conspicuous spending.To Learn more about conspicuous consumption, click the links
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what is an everyday example of scarcity that demonstrates why scarcity is a basic economic problem that faces society?
of every day scarcity could it be how the desert doesn't really have water so the desert has a scarcity of water scarcity is a basic economic problem that Society faces because the world sometimes runs out of things that we need so certain people have to make loopholes to get to get around them another example is how during the coronavirus we had a scarcity of sanitizer Clorox wipes bleach and toilet paper
18. of the employees who work at stalling printing, 90% attended the safety procedures meeting. if 63 employees attended the meeting, how many employees work at stalling printing? a. 70 b. 143 c. 57 d. 128
Of the employees who work at Stalling Printing, 90% attended the safety procedures meeting. If 63 employees attended the meeting, 70 employees work at Stalling Printing. x/100 = 63/90 90x = 63 * 100 90x = 6,300 x = 6,300/90 x = 70.
Printing is a method for mass reproducing text and images using a master type or template. The earliest non-paper merchandise involving printing embraced cylinder seals and objects love the Cyrus Cylinder and the Cylinders of Nabonidus. The earliest famed kind of printing as applied to paper was woodblock printing, which appeared in China before 220 AD for artifact printing. However, it'd not be applied to paper till the seventh century.
Later developments in printing technology include the movable type invented by Bi Sheng around 1040 AD[2] and the printing press invented by Johannes Gutenberg in the fifteenth century. The technology of printing compete for a key role in the development of the Renaissance and the Scientific Revolution and ordered the fabric basis for the modern knowledge-based economy and also the unfolding of learning to the masses.
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consumer surplus can increase or decrease as a result of a price ceiling depending on how much the price is forced to:
Consumer surplus is primarily based on the economic idea of marginal utility, which is the additional satisfaction a purchaser positive aspects from one extra unit of a appropriate or service.
Consumer surplus continually increases as the charge of a good falls and decreases as the charge of a proper rises.
What motives purchaser surplus to increase?
Consumer surplus always increases as the fee of a good falls and decreases as the rate of a correct rises. It is depicted visually by using economists as the triangular vicinity beneath the demand curve between the market fee and what customers would be willing to pay.
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A). product manager
B). founder
C). salesperson
D). account manager
a. complete an amortization schedule for a $25,000 loan to be repaid in equal installments at the end of each of the next three years. the interest rate is 10% compounded annually. round all answers to the nearest cent.
The total amount paid over three years is $28,809.62. The following amortization schedule shows the repayment of a $25,000 loan with 10% interest compounded annually over three years:
Year | Principal Payment | Interest Payment | Total Payment
1 | $7,867.41 | $2,132.59 | $10,000.00
2 | $7,867.41 | $1,637.22 | $9,504.63
3 | $8,265.58 | $1,039.42 | $9,304.99
For the first year, the total payment is $10,000, which consists of a principal payment of $7,867.41 and an interest payment of $2,132.59. In the second year, the total payment is $9,504.63, which consists of a principal payment of $7,867.41 and an interest payment of $1,637.22. In the third year, the total payment is $9,304.99, which consists of a principal payment of $8,265.58 and an interest payment of $1,039.42.
The total amount paid over three years is $28,809.62.
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Which of the following is true of the periodic inventory method but not the
perpetual method?
A. A physical inventory count is only done to address an error.
B. The Inventory account is adjusted at the end of the accounting
period.
C. The Inventory account balance changes constantly due to debits
and credits.
D. The Inventory account is credited for the cost of the items sold.
The Inventory account balance changes constantly due to debits and credits the following is true of the periodic inventory method but not the perpetual method. The correct option is C.
Who uses a perpetual inventory system?The perpetual inventory accounting method, for example, is commonly used in grocery stores. This method is not required for a field service company that sells very few items of stockpile on a monthly basis and generates the majority of its revenue from services.
The periodic inventory system measures inventory levels and the cost of goods sold with an occasional physical count. The perpetual system continuously monitors inventory balances, with updates occurring automatically whenever an order is shipped or sold.
Thus, the ideal selection is option C.
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What amount do you need to invest to obtain $20,000 at 6 percent simple interest per year, after ten years?
You need to invest $___________
at 6 percent simple interest to obtain $20,000 after 10 years.
(This is a Plato question)
Answer:
12500
Explanation:
6% of 12500 is 750 and 750 times 10 is 7500 and 7500 plus 12500 is 20000
We need to invest $12500 at 6 percent simple interest to obtain $20,000 after 10 years. 6% of 12500 is 750 times 10 is 7500 and 7500+12500=20000.
What is simple interest?Simple interest is an interest charge that borrowers pay lenders for a loan. It is calculated using the principal only and does not include compounding interest. Simple interest relates not just to certain loans. It's also the type of interest that banks pay customers on their savings accounts.
The formula to determine simple interest is an easy one. Just multiply the loan's principal amount by the interest rate by the term. This type of interest usually applies to automobile loans or short-term loans, although some mortgages use this calculation method. Simple interest is calculated by multiplying loan principal by the interest rate and then by the term of a loan.
Simple interest can provide borrowers with a basic idea of a borrowing cost.
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The visual enhancement of any drawing through color, value, and texture
Answer:
That would be the composition of a work.
Source:
"The arrangement of elements within a work of art."
https://www.tate.org.uk/art/art-terms/c/composition
choose ONE of the following home-based activities in which family members can work together as a unit and explain TWO ways in which the involvement of the children in the chosen activity can prepare them for the world of work.
While parents, family, and community members may assume specific roles as they become involved in the education of children, for example as volunteers in the classroom (see Epstein and Connors' typology, 1993), a synthesis of the literature reveals three overarching roles that are created in the development and implementation of parent and community involvement programs (Lyons, Robbins and Smith, l983; Lynn, l994). Each of these roles is actualized in very different ways in relationships in classrooms, schools, and school districts:
Parents as the primary resource in the education of their children is best exemplified in home learning. Home learning is the activity, or set of activities, that parents and family members may engage in to help their children succeed academically. This partnership role between parents and/or family members and schools may have the greatest impact on achievement.
Parents and community members as supporters and advocates for the education of their children is facilitated through site-based school restructuring. Restructuring schools to create parent and community partnerships with schools focuses on organizational structure. Changing activities; creating new relationships between parents, families, communities, and schools; and implementing innovative strategies are ways that schools can restructure to facilitate parent and community involvement in this role.
Parents and community members as participants in the education of all children incorporates a broader vision in the partnership between schools and the populations they serve. Districtwide programs provide the vehicle for parents and community members to be involved in roles that reach beyond the immediate impact of an individual child to the impact on all children in the district.
Now that Rory understands how comprehensive income is, he is wondering if he needs to record the $500 scholarship he was awarded from his local community to help pay his college tuition. If so, in which category of income should it be recorded: earned income, unearned income, or received income from government programs
Whether or not Rory needs to record the $500 For more questions on Scholarship he was awarded for college tuition will depend on whether it is considered taxable income or not.
In general, scholarships and grants used for Assuming that the scholarship money is tax-free, education expenses such as tuition and books are tax-free.
However, if the scholarship money is used for non-qualified expenses such as room and board, it may be taxable.
Assuming that the scholarship money is tax-free, Rory does not need to record it as income. It is not considered earned income, unearned income, or income received from government programs.
However, if any portion of the scholarship money is taxable, Rory would need to record it as income in the appropriate category depending on how it is classified.
If it is earned through work, it would be recorded as earned income. If it is awarded without any work required, it would be recorded as unearned income.
If it is received through a government program, it would be recorded as income received from government programs.
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Point x on a linear production possibilities curve represents a combination of 50 watches and 20 clocks, and point y represents 20 watches and 80 clocks. Suppose, clocks are on the vertical axis and watches are on the horizontal axis. The opportunity cost of producing one watch is:
Based on the coordinates of point x and those of point y on the linear production possibilities curve, the opportunity cost of producing one watch is 2 fewer clocks.
What is the opportunity cost of producing one watch?The opportunity cost of producing one watch is the number of clocks that needs to be given up per watch.
This will therefore be the slope of the linear production possibilities curve which can be found as:
= (Y₂ - Y₁) / (X₂ - X₁)
Solving gives:
= (80 - 20) / (20 - 50)
= 60 / -20
= -2 clocks
This means that for every watch produced, there will be 2 clocks that will be foregone to make that watch.
In conclusion, the opportunity cost is 2 clocks.
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Martin is a credit counselor working with a client, Kim, who is in serious financial trouble. Kim is hesitant because she has a long way to go and a lot of work to do before she can be financially healthy again. What is the best way for Martin to explain the next steps to her?
A.) Martin should present the information in small manageable steps rather than give her a lengthy to-do list.
B.) Martin should make a list of tasks that must be completed and do them for her, since he is an experienced professional.
C.) Martin should compile a list of all the tasks that Kim must complete and suggest that she report back to him after she is finished.
D.) Martin should not encourage her to do anything she is reluctant to do, even if it means salvaging her financial life in the long term
Answer:
C
Explanation:
C la respuesta es la C ya que
The economies of many countries, such as ____, are based on manufacturing electronics.
Answer:
Japan & Taiwan
Explanation:
Japan & Taiwan are examples of two countries whose economies depend on electronic manufacturing. Some of the popular Japanese electronic brands include Sony, canon, and Toshiba. These brands are household names worldwide. Taiwan brands include Acer, HTC, and Asus, which are very popular in laptops and phones.
On March 1,2021, Leo purchased and placed in service a new car that cost $69,600. The business use percentage for the car is always 100%. He does not take the additional first-year depreciation or any §179. If required, round your answers to the nearest dollar. Click here to access the depreciation table of the textbook. Click here to access the limits for certain automobiles. a. What MACRS convention applies to the new car? b. Is the automobile considered "listed property"? c. Leo's cost recovery deduction in 2021 is___and for 2022 is $____?
The MACRS convention that applies to the new car is the "half-year convention." Yes, the automobile is considered "listed property" since it is used for business purposes for 2022, it is $23,520.
In 2021, Leo's cost recovery deduction for the car is $13,920. In 2022, his cost recovery deduction is $23,520.
The MACRS convention that applies to the new car is the "half-year convention." This means that regardless of when the car was placed in service during the year, it is assumed to be placed in service in the middle of the year for depreciation purposes.
The car is considered "listed property" because it is an automobile used for business purposes. Listed property refers to assets that have both business and personal uses, and they have specific rules and limitations for claiming deductions.
To calculate the cost recovery deduction, we use the MACRS depreciation system. Since the business use percentage is 100%, we can apply the appropriate depreciation percentages from the MACRS table.
For 2021, the depreciation deduction is calculated as follows:
Depreciation Basis = $69,600
Depreciation Rate = 20% (as per MACRS table)
Depreciation Deduction = Depreciation Basis x Depreciation Rate = $69,600 x 20% = $13,920
For 2022, the depreciation deduction is calculated using the remaining basis after the first year:
Depreciation Basis (Year 2) = $69,600 - $13,920 = $55,680
Depreciation Deduction = Depreciation Basis (Year 2) x Depreciation Rate = $55,680 x 20% = $11,136
Total depreciation deduction for 2022 = $13,920 + $11,136 = $23,520.
Therefore, Leo's cost recovery deduction in 2021 is $13,920, and for 2022, it is $23,520.
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The line on a supply curve moves in which direction?
Responses
upward and to the left
downward and to the center
upward and to the right
downward and to the left
Explanation:
The supply curve will move upward from left to right, which expresses the law of supply: As the price of a given commodity increases, the quantity supplied increases (all else being equal).
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Novak Corp. Has accounts receivable of $90,300 at March 31, 2022. Credit terms are 2/10, n/30. At March 31, 2022, there is a $2,284 credit balance in Allowance for Doubtful Accounts prior to adjustment. The company uses the percentage-of-receivables basis for estimating uncollectible accounts. The company's estimates of uncollectibles are as shown below.
Answer:
Allowance for doubtful accounts balance as at March 31st 2022 is $10,056.
Explanation:
Novak Corp. already have a balance of $2,284 in allowance for doubtful account.
The increase in allowance for doubtful account is calculated as follows.
$61,700 * 2% = $1,234
$12,600 * 5% = $630
$9,200 * 28% = $2,576
$6,800 * 49% = $3,332
Total = $7,772
$7,772 + $2,284 = $10,056
Salaries are an ____.
A. Asset
B. Expense
C. Neither
Thanks!
Answer:
c neither welcome have a great day
Bambi is buying a property on an installment sales contract. Due to her financial interest in the property, she retains equitable title. What does the seller retain
Answer:
Legal title
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, etc.
Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement and this is generally referred to as mutual assent
In this scenario, Bambi purchased a property using an installment sales contract.
An equitable title can be defined as the right of an individual to use and enjoy an asset (property) due to his or her financial interest in the asset.
On the other hand, a legal title can be defined as the actual (absolute) ownership of a property that is recognized and enforceable in a court of competent jurisdiction.
Hence, Bambi would retain an equitable title from the purchase of the property due to her financial interest in this property while the owner of the property (seller) retains a legal title.
A contract is defined as an agreement that defines and binds the personally legally. It may involve the exchange of goods and services.
Since he is buying a property on an installment of the sales contract which due to her financial insurers in the property remain entitled is know as the legal title. It represents the actual ownership of the proper and is visible by the public records.Learn more about the due to her financial interest in the property
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which situation is an example of skimming?
a) pop-up windows on a computer asking for you pin
b) a retailer scanning your credit card to steal its number
c) bank statements stolen from your garbage
d) a phone call from someone pretending to be a bank employee
Answer:
B.) a retailer scanning your credit card to steal its number
Explanation:
The Dodd-Frank Wall Street Reform and Consumer Protection Act stipulated that if more than $1 million is collected, the whistle-blower is entitled to ________ of the monies collected.
Answer:between 10 and 30 percent
Explanation:
Which investment strategy would work best if you wanted to grow your
investment slowly without losing much money?
O A. High risk, low return
O B. Low risk, high return
O ,
C. Low risk, low return
O D. High risk, high return
SUBMIT
Answer: C. Low risk, low return
Explanation: