All of the following are true about using a predetermined overhead rate to apply overhead except, Multiple Choice Estimates are used to calculate the rate. Using this rate provides managers with up-to-date estimates of the costs of their processes during the period. A single allocation basis may fail to provide useful allocations for all production departments. The rate is prepared at the beginning of the period. The rate is used to apply overhead at the end of the accounting period.

Answers

Answer 1

Answer:

The rate is used to apply overhead at the end of the accounting period.

Explanation:

The formula to compute the predetermined overhead rate is shown below:

= Estimated manufacturing overhead cost ÷ estimated activity

So for this the estimates should be used, the rate should be prepared after the starting. IF there is a single allocation basis so it would not suceed to allocate for all the production departments also this rate would helpful for the managers with respect to keep up to date estimates

Therefore the last option is correct

Related Questions

1 of 20
When using social media, which of the following are valid operations security measures? Select all that apply.
Never violate operations security by posting critical information to social media sites.
Always conduct extensive subject research to support your claims on social media sites
Turn off the global positioning system (GPS) function on your personal digital devices since photos posted to social media could reveal your geographical location
While deployed, don't report your specific location on social media.

Answers

Using social media, security measures are: Do not compromise operational security by posting sensitive information on social media sites and Do not post personal information on social media.

What does social media sites mean?

Social media is a collective term for websites and applications focused on communication, community-based input, interaction, content sharing, and collaboration. People use social media to keep in touch and interact with friends, family, and diverse communities.

What is the importance of social media sites?

Billions of people around the world use social media to share information and make connections. On a personal level, social media allows us to connect with friends and family, learn new things, develop interests, and have fun.

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Select the correct answer.
In general, how long does it take to accomplish a long-term goal?
OA.
a few days to a week
OB.
a few weeks to a month
OC.
a few months to a year
OD.
more than a year

Answers

C or d sorry if wrong

In April, a firm had an ending cash balance of $35,000. In May, the firm had total cash receipts of $40,000 and total cash disbursements of $50,000. The minimum cash balance required by the firm is $25,000. At the end of May, the firm had

Answers

Answer:

60,000

Explanation:

Which of the following describes the quantity a business will produce to maximize its profits? The highest point on its supply curve The lowest point on its supply curve Where marginal cost meets marginal revenue Where marginal cost exceeds marginal revenue

Answers

According to the profit maximization rule, if a company wants to maximize its profits, it must select a production level where the marginal cost (MC) and marginal revenue (MR) are equal and the marginal cost curve is rising.

The marginal costs are at their lowest at a production maximize level of 1000 units, hence it must produce at a level where MC = MR. i.e., it costs more to produce one more product than it did previously. Less money is made as a result in the end. Find less expensive raw materials than those being used now are an example of profit maximisation.

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Answer: Where marginal cost meets marginal revenue

Explanation:

A company has net income of $188,000, a profit margin of 7.1 percent, and an accounts receivable balance of $127,370. Assuming 70 percent of sales are on credit, what is the company’s days’ sales in receivables?

Answers

Answer:

The company’s day’s sales in receivable is 25.08days

Explanation:

To determine the day’s sale’s in receivable the receivable turnover is to be determined from the credit sales which is determined by using the credit sales percentage over the total sales; and the total sales is computed from using the net income and profit margin.

Computation:

$\begin{aligned}\text{Day's sales in receivable}&=\frac{\text{365 days}}{\text{Receivable Turnover}}\\&=\frac{365}{14.55}\\&=25.08\text{days} \end{aligned}$

Working Note:

$\begin{aligned}\text{Profit Margin}&=\frac{\text{Net Income}}{\text{Total Sales}}\\7.1\%&=\frac{\$188,000}{\text{Total Sales}}\\\text{Total Sales}&=\$2,647,887 \end{aligned}\\\\\\\begin{aligned}\text{Credit Sales}&=70\% \text{of Total Sales}\\&=70\%*\$2,647,887\\&=\$1,853,521\\\end{aligned}\\\\\\\begin{aligned}\text{Receivable Turnover}&=\frac{\text{Credit Sales}}{\text{Accounts Receivable}}\\&=\frac{\$1,853,521}{\$127,370}\\&=14.55\text{times} \end{aligned}$

The ________ of the term structure states the following: the interest rate on a long-term bond will equal an average of short-term interest rates expected to occur over the life of the long-term bond plus a term premium that responds to supply and demand conditions for that bond.

Answers

Answer:

liquidity premium theory

Explanation:

The liquidity premium theory states that those that invest in bonds do prefer high liquid as well as securities that are short-dated so that it can be sold fast compare to long-dated ones. It states that investors do get compensation for higher default risk when there is change in interest rate.

It should be noted that The liquidity premium theory of the term structure states the following: the interest rate on a long-term bond will equal an average of short-term interest rates expected to occur over the life of the long-term bond plus a term premium that responds to supply and demand conditions for that bond.

Revenue bills can be proposed only by
Othe House.
O the Senate.
O the Speaker.
the President.
k

Answers

The Revanue bill can only be provided by the Senate

how bill of rights affect you as a young person

Answers

There are several significant ways that the Bill of Rights impacts young people. The Bill of Privileges, which comprises the first ten amendments to the U.S. Constitution, specifies the fundamental liberties and privileges to which all citizens are entitled.

Due to age-related prejudice and barriers to exercising their rights, young people's potential is restricted. Thus, the full enjoyment of fundamental rights and freedoms by youth is referred to as the human rights of youth.

Future generations will shape society. Simply maintaining the status quo of society is all that is required of the younger generation. The youngster develops leadership skills and has the potential to positively impact others' lives when they devote their thoughts and efforts to resolving social concerns.

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When must you wash your hands

Answers

Answer:

Before, during, and after preparing food. Before and after eating food. Before and after caring for someone at home who is sick with vomiting or diarrhea. Before and after treating a cut or wound.

wash your hands before and after always and preferably with antibacterial soap

You decide to decrease the price of your product to increase total sales revenue, because you believe your product's demand is

A) perfectly inelastic
B) unit elastic
C) price elastic
D) price inelastic

Answers

Answer:

C) price elastic.

Explanation:

how do you understand the word business finance?

Answers

Answer:

Business Finance means the funds and credit employed in the business. Finance is the foundation of a business. Finance requirements are to purchase assets, goods, raw materials and for the other flow of economic activities

Answer:

in my opinion and own words

Explanation:

Business Finance simply means the activity of managing money in financial status especially in companies or government organizations to run a business or activity or also a project so it simply means using Finances to run a business

.(Thank you and sorry)0

WHAT IS Segmentation,

Answers

Answer:

Segmentation is to divide something into separate parts or sections

chris, age 5, has $3000 of interest income and no earned income this year. assuming the current standard deduction for dependents is $1150, how much of chris income will be taxed at his parents' marginal rate?
0
700
1850
3000

Answers

The chris income will be taxed at his parents' marginal rate is 3000. Option D is the correct answer.

Based on the information provided, Chris, who is 5 years old, has $3000 of interest income and no earned income. The current standard deduction for dependents is $1150.

For a dependent child, such as Chris, the interest income is subject to taxation if it exceeds a certain threshold. In 2023, the threshold for a dependent child's unearned income to be subject to the Kiddie Tax is $2,200.

Since Chris has $3000 of interest income, and the threshold is $2200, the entire $3000 of his interest income will be subject to taxation at his parents' marginal tax rate.

Therefore, the correct answer is: $3000.

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What will happen to the equilibrium price and quantity of new cars if the price of gasoline rises, public transportation becomes cheaper and more comfortable, and the price of steel to produce cars decrease
a. Quantity will fall, and the effect on price is ambiguous
b. Quantity will rise, and the effect on price is ambiguous
c. Price will rise, and the effect on quantity is ambiguous
d. Price will fall, and the effect on quantity is ambiguous

Answers

Answer:

Explanation:

If the price of gasoline increases, it would become more expensive to own a car. As a result, the demand for new cars would fall.

public transportation can be regarded as a substitute for new cars, if public transportation becomes cheaper, the demand for new cars would fall.

Taking these two occurrences together, the demand curve for cars would shift leftward. Equilibrium price and quantity would fall.

If the price of steel to produce cars decreases, it would become cheaper to make cars. Thus, the supply of cars would increase. the supply curve would shift rightward and the equilibrium price would reduce while quantity would increase.

Taking these three occurrences together, equilibrium price would fall while the effect on quantity is ambiguous

An office's computers are connected in a mesh topology. How many cables are required to connect four computers to each other?

Answers

Soo woo soo woo all is la app Daz XP

Select the correct answer.
Victor has started a cupcake store. He wants to target the local market to promote his product. Which promotional strategy will be most suitable as well as economical for him?
A.
public relations
B.
television advertisement
C.
sales promotion
D.
radio advertisement
E.
advertisement on the Internet

Answers

Answer:

C. Sales promotion

Explanation:

Because you're giving good value and time and effort for doing it basically because that's being economical

Answer:

Explanation:

Plato/edmentum

Victoria works in the human resources department of a small company. The president of the company wants to hire a new employee. What tasks will Victoria most likely need to do so she can find and hire the right person? People in HR careers often have to be empathetic. Describe a time when you showed empathy for someone else. Explain in your own words what empathy means.

pls help soon

Answers

The task that Victoria would have to do so that she can hire the right person would be to interview applicants.

What is empathy?

This is the ability that people would have that would make them to be able to put themselves in the shoes of other people. By this I mean, they would be able to understand the feelings of others and help people to get through whatever they are passing through by showing kindness and understanding and helping in ways they can.

A time when I have shown empathy would be when a friend lost a loved one. I tried as much as I could to render my help to her.

Answers

Answer: JANUARYYYYYYYYYYYYYYYYYYY

Explanation:

Mertag enters into a forward contract on October 1, 2020, to sell PLN 1,000,000 in four months SO IT WILL BE JANUARYYYY

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Describe the process you will use to manage your career readiness.

Answers

Answer:

My career is my Very own Butt

Dean brings up the ambiguity branch managers at First National Bank face. He believes senior leadership needs to make it clear what managers’ most importanDean brings up the ambiguity branch managers at First National Bank face. He believes senior leadership needs to make it clear what managers’ most important priorities are. This thinking most closely resembles which of the following four-frame model principles?

.

Social architecture
b.

DEVELOP AGENDA AND POWER BASE

c.

INSPIRATION

d.

ALIGN ORGANIZATIONAL AND HUMAN NEEDS

e.

TECHNOLOGY

Answers

Dean's thinking, in bringing up the ambiguity facing branch managers at First National Bank, most closely resembles option d. ALIGN ORGANIZATIONAL ...

Ordinarily, the four-frame model mandates that the senior leadership of First National Bank must ensure that their branch managers' behavior and actions do not sabotage management strategic plans and business models.

This feature of the Human Resources framework ensures that organizational goals are aligned with human needs for the achievement of company objectives.

Branch managers perform important customer-facing roles that drive corporate performance. They are also in direct contact with many employees.

Thus, the alignment of organizational and human needs will help clear the ambiguity faced by the managers at First National Bank branches.

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In the Investment marketplace, Investors will likely accept a high-risk investment only if it promises
Select the best answer from the choices provided.
А.
real returns
B.
nominal returns
C. high returns
D. low, constant returns

Answers

Answer: C. high returns

Explanation: Risk-return tradeoff is an investing theory which indicates that as higher the risk, the greater the return reward. In order to determine an acceptable risk-return tradeoff, investors need to weigh several aspects, including total risk exposure, the ability to substitute missing capital, and more.

First to answer get brainliest

Answers

Answer:

Heey .

Explanation:

Answer:

hhhhhhhhhhhhhhhhhhhhhhh

Explanation:

JSBSNNWJWBE bsbsnnsnsnshshshhsh. e eej

Identify one supply or demand shifting factor that the community could have some control over or do something about

Answers

One supply or demand shifting factor that the community could have some control over is consumer preferences and behaviors.

1. Consumer Education: The community can actively engage in educating consumers about the benefits of certain products or services. By providing information on the positive impacts of choosing certain goods or services, consumers may shift their preferences towards those options, influencing the demand.

2. Marketing and Advertising: Local businesses and organizations can collaborate to promote goods and services that align with the values and preferences of the community. Effective marketing strategies can influence consumer demand and encourage them to choose specific products, thereby shifting the demand curve.

3. Support for Local Producers: Community members can actively support local producers and businesses by purchasing their goods and services. By creating a demand for locally sourced products, the community can influence supply chain dynamics and encourage businesses to cater to their preferences.

4. Sustainable Practices: Promoting sustainable practices within the community can also have an impact on supply and demand. By advocating for eco-friendly products and services, such as renewable energy or ethically sourced goods, the community can create a shift in consumer demand, influencing businesses to adjust their supply accordingly.

5. Collaboration with Local Authorities: The community can collaborate with local authorities to enact policies that align with their preferences. For example, advocating for stricter environmental regulations or supporting initiatives that promote fair trade can influence both supply and demand factors.

By actively engaging in these steps, the community can exert some control over consumer preferences and behaviors, thereby shifting the supply and demand dynamics in their favor.

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Example of a market for a good or service that is not rely on a physical store or location

Answers

An example of a market for a good or service that does not rely on a physical store or location is the online marketplace. With the advent of the internet and e-commerce platforms, businesses and individuals can sell products and services entirely online without the need for a brick-and-mortar store.

Online marketplaces, such as Amazon, eBay, and Alibaba, provide a platform where buyers and sellers can connect and conduct transactions electronically. These platforms enable businesses to showcase their products, provide detailed descriptions, and facilitate secure online payments. Customers can browse through a wide range of products, compare prices, read reviews, and make purchases from the comfort of their own homes.

The online marketplace has revolutionized various industries, including retail, entertainment, travel, and professional services. It allows businesses to reach a global customer base, operate 24/7, and reduce overhead costs associated with physical stores. Additionally, it provides convenience for consumers, who can shop anytime, anywhere, and have products delivered to their doorstep.

Overall, the online marketplace has transformed the way goods and services are bought and sold, offering a virtual alternative to traditional physical stores and locations.

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Your friend Stan owns a coffee shop in a monopolistically competitive industry. One day, Stan tells you (an economist) that he is earning an economic profit and is setting his price equal to his marginal cost. Is Stan producing the profit-maximizing amount of coffee? What should he do?

Answers

In a monopolistically competitive industry, each firm has some control over the price it sets due to product differentiation.

Stan mentioned that he is earning an economic profit and setting his price equal to his marginal cost. To determine whether he is producing the profit-maximizing amount of coffee, we need to consider a few factors.
1. First, let's understand the relationship between price, marginal cost, and profit maximization. In a competitive market, profit maximization occurs where marginal cost equals marginal revenue. However, in monopolistic competition, firms have some market power, so the profit-maximizing quantity occurs where marginal cost equals marginal revenue, not price.
2. Setting the price equal to marginal cost does not necessarily guarantee profit maximization. If Stan's price is equal to marginal cost, it means that he is covering his variable costs, but it does not take into account his fixed costs. To maximize profit, Stan should set his price above marginal cost, considering both variable and fixed costs.
3. If Stan is currently earning an economic profit, it suggests that he may not be producing the profit-maximizing amount of coffee. In monopolistic competition, firms tend to have excess capacity, meaning they produce less than the quantity that would minimize average total cost. By increasing his output, Stan may be able to reduce his costs and increase his profit.

Considering these factors, here are a few suggestions for Stan:
- Conduct a cost analysis: Stan should evaluate his fixed and variable costs to understand the full picture of his expenses. By knowing his costs, he can set a more informed price and determine the profit-maximizing quantity.
- Consider demand elasticity: Stan should also assess the price elasticity of demand for his coffee. If demand is relatively elastic, a small price increase may result in a significant decrease in quantity demanded, potentially reducing his profits. On the other hand, if demand is inelastic, Stan may be able to increase his price without a significant drop in sales.
- Experiment with pricing: Stan could consider experimenting with different prices to find the optimal point that maximizes his profit. By monitoring customer response to different prices, he can identify the price that generates the most revenue while covering his costs.

By taking these steps and considering the unique characteristics of monopolistic competition, Stan can better position his coffee shop for long-term success and profitability.

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How can events in a process costing system affect financial statements? Provide examples.

Answers

The inventory costing asset account, which shows up on the balance sheet, is where the costs associated with units produced or in production are financial recorded.

The cost is transferred to the cost of goods sold account when the goods are eventually sold, where it appears on the income statement. Financial Process costing is a type of costing that's primarily utilized costing in manufacturing, where products are mass-produced constantly using one or more processes. Examples of this include producing chemicals, erasers, or processed foods. Instead of tracking expenses for each individual item, organizations that use process costing follow the flow of costs from department to department.

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Accounting and subsequently violates the covenant not to complete, what equitable remedy is available to big three accounting inc

Answers

Injunction equitable remedy is available to Big Three Accounting, Inc. Thus option D is correct.

What is Accounting?

Accounting is the act of documenting a business's monetary operations. All transactions are compiled, examined, and reported to factor in making, regulatory bodies, and tax collection organizations as part of the accounting cycle.

A lawsuit for an injunction is brought to court when someone infringes any contract clause relating to not competing. An equitable relief is where a court directs a party to carry out a certain act or desist from doing so. Therefore, option D is the correct option.

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After passing his CPA exam, Mohammad is hired by Big Three Accounting, Inc. Part of his contract includes a covenant not to compete. If, after working for three years, Mohammad retires from Big Three Accounting and subsequently violates the covenant not to compete, what equitable remedy is available to Big Three Accounting, Inc.?

a. Rescission O b. Specific Performance O c. Reformation O d. Injunction

Question 7 of 10
Business health insurance plans are
A. required
B. varied
C. non-existent
D. uniform
so

Answers

Business health insurance plans are varied.

Why do economists study firms and government?

Answers

because ecnomics uses scientific methods to understand how scarce resources are exchanged within society.

Explanation:

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Read the articles, the interview, and listen to the podcast then answer the following questions-

1. What is the main takeaway for you in each of them?

2. How can you incorporate what you learned in each of them into your final social media marketing plan?

"How to Create a Social Media Content Strategy"

"How to Integrate Your Digital Marketing and Social Media Plan for Online Success"

"The Journey of a Social Media Marketer: Q&A with SMT Influencer Rachel Strella"

Answers

Main takeaway: Creating a great social media content strategy is imperative for marketing and engaging your audience.

2a. I'll focus on a content strategy that meets our goals and audience needs.

2b. We'll regularly analyze content metrics to keep our strategy effective and flexible.

2c. I'll align our digital marketing with social media for a consistent brand experience. By merging plans, we can enhance our online presence and boost success.

2d. I'll apply the influencer's experiences to our marketing plan. I'll explore social media marketing challenges and strategies to adapt for success.

What is the Social Media

Integrating Digital Marketing and Social Media for Online Success: Learn how aligning strategies can enhance brand experience and boost results.

Define your goals for content creation to increase brand awareness, website traffic, lead generation, or customer engagement. Identify target audience: demographics, interests, preferences. Use this info to personalize your content. Choose social media platforms that fit your audience and goals.

Analyze competitors' social media presence for successful tactics, content types, and engagement strategies. Get industry insights on what works well.

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