g If $6200 is budgeted for the next week, what is the probability that the cost will exceed the budgeted amount

Answers

Answer 1

Answer:

0.0401

Explanation:

Calculation for the probability that the cost will exceed the budgeted amount

Based on the information given Mean = μ = $5,500 and Standard deviation =σ = $400

P(x > 6,200) = 1 - P(x <6,200 )

= 1 - P((x - μ ) / σ < ( 6,200 - 5,500) / 400)

= 1 - P(z < 1.75 )

= 1 - 0.9599 using the standard normal table,

= 0.0401

P(x > 6,200 ) = 0.0401

Hence,

Probability = 0.0401

Therefore the probability that the cost will exceed the budgeted amount will be 0.0401


Related Questions

1. Some businesspeople believe that elimination agents and wholesalers reduce their operating expenses. Discuss the opportunity costs associated with eliminating intermediaries.

Answers

1. While eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.

Eliminating intermediaries such as elimination agents and wholesalers reduce operating expenses, but it also has associated opportunity costs that businesses need to consider. One of the primary costs is the loss of the expertise and value-added services that intermediaries offer to businesses and customers. Eliminating intermediaries may result in businesses taking on additional responsibilities and expenses such as marketing, distribution, and logistics.

This may result in the need for additional staff and resources to ensure that products reach customers on time. Furthermore, eliminating intermediaries may also result in reduced customer access to products, as intermediaries are often responsible for finding new markets and customer segments. In this case, businesses may need to invest additional resources to market and promote their products to reach new customers.

In conclusion, while eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.

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On October 1, Eder Fabrication borrowed $84 million and issued a nine-month, 15% promissory note. Interest was payable at maturity. Prepare the journal entry for the issuance of the note and the appropriate adjusting entry for the note at December 31, the end of the reporting period.

Answers

Answer and Explanation:

The journal entries are shown below:

Cash $84,000,000  

         To Notes payable  $84,000,000

(Being issuance of the note is recorded)

Interest expense($84,000,000 × 15% × 3 ÷ 12) $3,150,000  

          To Interest payable  $3,150,000

(Being interest expense is recorded)

What is the best business to start from 12-17 yrs old in UK​

Answers

Starting a business at a young age can be a great way to develop skills, gain experience and earn some extra money. Here are some ideas for businesses that can be started by 12-17-year-olds in the UK:

Online reselling: This involves buying products in bulk and reselling them online for a profit. Popular platforms to use are eBay, Amazon, and Depop.
Pet-sitting and dog-walking: Many people need help looking after their pets when they are at work or on vacation. You can offer your services to friends, family, and neighbors or use websites such as Rover or PetSitter.com.
Cleaning services: Offer to clean homes or businesses in your local area. This can include tasks such as dusting, vacuuming, and mopping.
Lawn care: Offer to mow lawns, trim hedges, and tidy gardens in your local area. This is particularly in demand during the summer months.
Tutoring: If you are particularly skilled in a certain subject, you can offer to tutor other students in your area.
Social media management: Many small businesses struggle to manage their social media accounts. You can offer your services to help them create content, schedule posts and manage their online presence.
Event planning: Help plan and organize parties, events or small gatherings for family, friends or neighbors.
Remember, starting a business at a young age requires dedication, hard work, and a willingness to learn. It is also important to research any legal requirements and regulations that may apply to the type of business you want to start.

You are bullish on Telecom stock. The current market price is $40 per share, and you have $8,000 of your own to invest. You borrow an additional $8,000 from your broker at an interest rate of 4.0% per year and invest $16,000 in the stock.



Required:

a. What will be your rate of return if the price of Telecom stock goes up by 6% during the next year? (Ignore the expected dividend.) (Round your answer to 2 decimal places.)



Answers

The rate of return if the price of Telecom stock goes up by 6% during the next year is 8.00%

What is rate of return?

The rate of return on the bullish strategy is the return on the stock minus the interest on the borrowing.

The share price increase of 6% means the total amount invested would increase by 6%

new value of investment=$16000*(1+6%)

new value of investment=$16,960

interest on borrowing=4%*$8000

interest on borrowing=$320

Gain on investment=new value of investment-initial investment-interest on borrowing

Gain on investment=$16,960-$16,000-$320

Gain on investment=$640

rate of return=gain on investment/equity investment

rate of return=$640/$8000

rate of return=8.00%

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How much can a Municipal Finance Professional (MFP) contribute to the "clean up" campaign to pay off campaign debt of an ex-issuer official that is now out of office because she lost the general election

Answers

Answer:

An unlimited amount

Explanation:

According to the Political contribution rule, Municipal Finance Professionals cannot make contribution of more than $250 to an elected official's campaign.

However in this case the ex-issuer official lost the general election and is not able to influence municipal securities of the MFP.

So they can contribute any amount to the clean up campaign since the official is out of office.

The Political contribution rule was instituted to prevent office holder from manipulating MFP securities in exchange for large contributions.

How could Competition policy undo the wrongs of the past and make South Africa a better place​

Answers

(The answer is)(you’re welcome)
How could Competition policy undo the wrongs of the past and make South Africa a better place

Mr. Brown is in the 10 percent federal income tax bracket and wants to invest $10,000 in interest-earning assets. Mr. Black is in the 35 percent bracket and wants to invest $15,000. The current rate on a typical high-quality tax-exempt municipal bond is 3.5 percent and on a high-quality corporate bond is 4 percent. You are the financial advisor to both. Which investment would you recommend to each individual?

Answers

Based on the information given, the corporate bond will be recommended for Mr. Brown while the municipal bond will be recommended for Mr Black.

Mr Brown:

The after-yield tax on corporate bonds will be:

= Before tax yield × (1 - tax rate)

= 4% × (1 - 0.10)

= 3.60%

After tax yield on municipal bond will be:

= 3.5% × 1 = 3.5%

The corporate bond is recommended.

For Mr. Black

The after-yield tax on corporate bonds will be:

= 4% × (1 - 0.35)

= 2.60%

The after-yield tax on municipal bonds will be:

= 3.5% × 1

= 3.5%

Therefore, the municipal bond is recommended.

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Difference between topics Related
to managing employees carreers and
Related carreers issues. Explain contents
and to include work place example.

Answers

Managing employees' careers and related career issues are two different topics, and there are a lot of differences between them. They both play a significant role in the workplace and have their own importance.

In this context, let us discuss the differences between the two in detail.

Topics Related to Managing Employees' Careers: Managing employees' careers is one of the most crucial tasks for any organization. It is an essential factor in employee retention and job satisfaction. Managing employees' careers involve a set of strategies and processes that aim to promote the professional growth and development of employees.

Managers can use the following methods to manage employees' careers: Performance appraisal and feedback Training and development programs Career planning succession planning coaching and mentoring programs. For example, suppose an organization plans to promote an employee to a higher position. In that case, they must conduct a performance appraisal to evaluate the employee's skills and potential for the position. They should also provide adequate training and development programs to help employees acquire the necessary skills and knowledge for the new position.

Related Career Issues: Related career issues are issues that arise in the workplace due to factors that affect an employee's career. It is a broader term that includes all the factors that can hinder an employee's professional growth and development. Related career issues include factors like discrimination, harassment, and job insecurity.

For example, suppose an employee faces discrimination in the workplace based on gender, race, or age. In that case, it can negatively impact their professional growth and development. Similarly, if an employee faces job insecurity, they may feel less motivated to work hard and achieve their goals in the organization.

In conclusion, managing employees' careers and related career issues are two important topics in the workplace. While managing employees' careers involves developing strategies to promote employees' professional growth, related career issues deal with factors that can hinder an employee's career. It is essential for managers to address related career issues to ensure employees' job satisfaction and promote their professional development.

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This is nearly double the proposed US contribution to which of the following?
A
Kyoto Protocol
B
London Accords
C
Paris Agreement
D
Geneva Convention

Answers

Answer: C . Paris Agreement

Explanation:

You included no background passage or additional details to the question for me to know what contribution you speak of but the above is most probably the answer.

The U.S. never ratified the Kyoto Protocol so I don't think they had contribution requirements. The London Accords produces research for financial investors so has little to do with the U.S. as a whole.

The Geneva Convention is simply an agreement on conduct during wars so this does not require contributions. This leaves the Paris Agreement ... on Climate Change which has set targets on the emissions to be cut by developed countries so it is most likely the answer.

Assume that Thomas can afford to buy as many candy bars and ice cream cones as he wants. He would continue to consume both candy bars and ice cream until the

Answers

Answer:

Marginal utility of each becomes negative

Explanation:

Utility is defined as the level of satisfaction that a person gets from consuming a product.

The person keeps on consuming the item until the level of marginal utility for the product becomes less than zero.

That is there is no satisfaction anymore in consuming the product.

In the given instance Thomas will continue to consume both candy bars and ice cream until the level of satisfaction (marginal utility) is now less than zero or negative

If a firm produces nothing, which of the following costs will be zero?
a. total cost
b. fixed cost
c. opportunity cost
d. variable cost

Answers

D is the answer

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The cost that will be zero if a firm produces nothing is variable cost  because it is a cost that changes with level of output.

What is variable cost?

Variable cost refers to the cost that vary with the level of output. This means that at every activity leve, the variable cost changes with it.

The above means that a constant amount per unit produced is the variable cost of manufacturing which implies that once the output is zero, the variable cost will be zero as well.

Hence, the cost that will be zero if a firm produces nothing is variable cost.

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Letterheads _____.

should have a design that is different from the business card
contain the same information as a business card
convey information about an organization
and business cards should be of similar design
are rarely used by small businesses
(Multiple Answers)

Answers

I think it's "should have a design that is different from the business card"

Answer:

Convey information about an organization.

Contain the same information as a business card.

And business cards should be of similar design.

Explanation:

Those are the correct answers on Edge. Hope this helps!

g If the price level rises and the money wage rate stays the same, what effect will this have upon labor demanded and production

Answers

Answer:

The quantity of labour demanded increases ad production increases

Explanation:

When  price level rises and the money wage rate stays the same, the real money wage rate falls. This makes it cheaper for firms to hire labour. As a result, their demand for labour increases and this leads to an increase in production.

PLZ HELP (this is 7th grade civics)
Arlene opens a donut shop that offers plain, glazed, and chocolate donuts, along with fresh coffee. How could Arlene expand her business
with the least risk to her current profits?
A) Hire someone to tell her how to run her shop more efficiently

B) Open several new stores in different cities across the country.

C) Expand her current menu to include other products and flavors.

D) Make television and radio commercials for a national advertising campaign.

Answers

Answer:

c because if she opens other stores people might not be interested in the menu

Answer:

(C) Expand her current menu to include other products and flavors.

Explanation: The safer option that would incur lower costs would be for Arlene to expand her store's menu with other products such as water, hot chocolate, and other types of candy. That would be the best alternative because her store already has fixed costs in place, so adding new products would only increase the variable cost and open up new sources of revenue and could be a good source of profit. Conversely, opening new branches, hiring people or advertising would increase costs without opening a new source of revenue.

National Geographic is replacing an old printing press with a new one. The old press is being sold for $350,000 and it has a net book value of $75,000. Assume that National Geographic is in the 40% income tax bracket. How much will National Geographic net from the sale?

Answers

Answer:

$240,000

Explanation:

National geographic is replacing an old printing machine with a new one

The old printing machine is sold at the price of $350,000

It has a net book value of $75,000

The income tax is 40%

= 40/100

=0.4

The first step is to calculate the taxable value

= $350,000-$75,000

= $275,000

Income tax= taxable value×tax rate

= $275,000×0.4

= $110,000

Therefore, the net from sales can be calculated as follows

= $350,000-$110,000

= $240,000

Hence the net from sale of National Geographic is $240,000

The following are correct statements related to the Marginal Cost concepts,
EXCEPT:
a. Marginal Cost is the extra cost incurred by adding one extra unit of production.

b. Marginal Cost is always higher than Average Cost.

c. Marginal Cost initially declines and eventually increases as more units as
produced.

d. Total Cost at certain level of production is the aggregation of Marginal Cost
values for the units produced.

Answers

Option (b), which states that marginal cost is always more than average cost, is the correct choice.

Is the gap between average and marginal costs always smaller?

Marginal cost is lower than average cost when typical cost is falling as output rises. Marginal cost is higher than average cost when average cost is growing. Marginal cost is equal to average cost when average cost is neither increasing nor decreasing (at a minimum or maximum).

The marginal cost is lower than the average cost as the average cost drops. The marginal cost is higher than the average cost when the average cost rises. The marginal cost is equal to the average cost when the average cost remains constant (at a minimum or maximum).

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Bryant Manufacturing produces its product in two sequential departments. During October, the first process finished and transferred 300,000 units of its product to the second process. Of these units, 60,000 were in process at the beginning of the month and 240,000 were started and completed during the month. At month end, 40,000 units were in process. Using the FIFO method, compute the number of equivalent units of production for direct materials for the first process for October assuming that all direct materials are added to products when processing begins.
Multiple Choice
280,000.
240,000.
340,000.
300,000.
200,000.

Answers

The number of equivalent units of production for direct materials for the first process in October, using the FIFO method, is 280,000 units. Option A.

To calculate the equivalent units of production for direct materials using the FIFO method, we need to consider the units that were completed and transferred out during the month and the units that are still in process at the end of the month.

In this case, 240,000 units were started and completed during the month. These units are considered fully processed and are counted as equivalent units.

Additionally, 40,000 units were in process at the end of the month. These units are partially processed and need to be accounted for.

Therefore, the total equivalent units of production for direct materials for the first process in October, using the FIFO method, is:

Equivalent Units = Units completed and transferred + Units in process

Equivalent Units = 240,000 units + 40,000 units

Equivalent Units = 280,000 units

Thus, the correct answer is 280,000. SoOption A is correct.

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This was not a necessarily an economically efficient move. The fact that it is scrap wood implies that it is not useful for the company's purposes, i.e., making furniture. It is presumptuous to associate a value of $150,000 or $29,000 to the scrap since there is no market for it and thus no market value can be assigned. There is no rational way to calculate the optimal amount of scrap wood. The manager did not go far enough. The most economically efficient outcome would be to reduce scrap altogether. Even at the reduced amount, the company is literally throwing away $29,000 per year when it could recoup that amount with greater diligence.

Answers

The manager's decision to reduce scrap wood is not economically efficient, and a more optimal outcome would be to aim for its complete elimination.

The manager's decision to reduce scrap wood, as mentioned in the provided excerpt, is deemed not economically efficient. While it is commendable, the most economically efficient outcome would involve completely minimizing scrap production. The fact that the wood is considered scrap implies its lack of usefulness for furniture manufacturing, making it inappropriate to assign a value of $150,000 or $29,000 to it since there is no existing market or ascertainable market value. Additionally, determining the optimal amount of scrap wood to maintain lacks a rational basis. Despite the manager's efforts, the company still wastes $29,000 annually, which could be salvaged through greater diligence. Thus, the recommended course of action is to aim for a total reduction in scrap production to achieve the utmost economic efficiency.

In conclusion, while the manager's effort to reduce scrap wood is commendable, the most economically efficient outcome would be to strive for the complete elimination of scrap, minimizing waste and maximizing cost savings for the company.

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Which of the following did Judge Parker NOT mention as one of the principles of ethics?

Answers

Answer:

Remain open-minded

Explanation:

what is The principle that describes how a change in a property affects the overall property value?

Answers

The principle that describes how a change in a property affects the overall property value is know as principle of contribution.

Write a short note on principle of contribution.

This is what some of  texts could refer to as the marginal contribution principle. The value of an improvement is determined by what it adds (or contributes) to the market value of the total property, not by how much it cost to install the improvement, according to the concept of contribution. When considering whether to make improvements to ones already made, this is a crucial consideration.

The common misconception among real estate buyers is that if they spend money making improvements to their home, the market worth of the home will increase by the amount of the improvement. For instance, a lot of people have remodeled their homes or added swimming pools because they think that these additions will greatly increase the market value of their homes. This isn't always the situation.

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The number of taxicabs in Motorville and the taxicab fares are regulated. The fare currently charged is Rs.500 a ride. Motorville taxicab drivers want to obtain government's permission to raise the fare to increase their revenues and ask you to be their economic adviser. After studying the market, you come up with the following demand schedule for taxicab rides:



Price (Rupees per ride) Quantity demanded (rides per month)

300 160

400 120

500 80

600 40

700 0



(i) Calculate the price elasticity of demand for taxicab rides as the fare rises from Rs.500 to Rs.600. Is the demand price elastic or inelastic for this fare rise? (2 Marks)

(ii) What happens to the taxicab drivers' total revenue if the fare rises from Rs.500 to Rs.600? How can you use your answers in part “a” to answer this question? Should the drivers try to obtain permission to raise the fare? (2 Marks)

(iii) Calculate the price elasticity of demand for taxicab rides as the fare falls from Rs.500 to Rs.400. Is the demand price elastic or inelastic for this fare decrease?



Answers

Answer:

The answer is below

Explanation:

i) The price elasticity of demand is given by the formula:

\(Price \ elasticity\ of \ demand=\frac{\Delta Q}{\Delta P} =\frac{\frac{Q_2-Q_1}{(Q_2+Q_1)/2} }{\frac{P_2-P_1}{(P_2+P_1)/2} } \\\\Price \ elasticity\ of \ demand=\frac{\frac{40-80}{(40+80)/2} }{\frac{600-500}{(600+500)/2} }=\frac{-2/3}{2/11} =3.667 (ignore \ the\ sign)\)

Since the price elasticity of demand is greater than 1 hence it is elastic

ii) Since the price elasticity of demand is elastic as a result of increase in fare, hence the total revenue would decrease.

iii)

\(Price \ elasticity\ of \ demand=\frac{\Delta Q}{\Delta P} =\frac{\frac{Q_2-Q_1}{(Q_2+Q_1)/2} }{\frac{P_2-P_1}{(P_2+P_1)/2} } \\\\Price \ elasticity\ of \ demand=\frac{\frac{120-80}{(120+80)/2} }{\frac{400-500}{(400+500)/2} }=\frac{0.4}{-2/9} =1.8 (ignore \ the\ sign)\)

Since the price elasticity of demand is greater than 1 hence it is elastic

exercise 4-9A 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.

Answers

Answer:

$22,789

Explanation:

One of the uses of the Bank Reconciliation Statement is to check the accuracy of the Cash Balance.

The Balance on the Bank Statement and that of the Cash Book in the Ledgers should always agree.

Bank Reconciliation Statement as a July 31

Balance as per Bank Statement                      $22,364

Add Lodgments not yet credited                       $1,745

Less unpresented checks                                 ($1,320)

Balance as per Cash Book                               $22,789

Therefore,

The balance of cash using a bank reconciliation is $22,789

Summarize chaleff’s courageous followership? I need help!!

Answers

Chaleff's courageous followership emphasizes the importance of active and engaged followers who possess the courage to speak up, take initiative, act ethically, and influence their leaders and organizations positively.

Chaleff's courageous followership is a concept that highlights the significance of followers who possess the courage and willingness to actively engage in their roles and influence their leaders and organizations in a positive manner. It challenges the traditional notion that followers should simply obey and conform to their leaders without question.

According to Chaleff, courageous followership involves followers who are willing to speak up, take initiative, and provide constructive feedback to their leaders. These followers are not afraid to express their opinions, voice concerns, and offer alternative viewpoints, even when it goes against the prevailing norms or authority. They understand that their active participation is crucial for the success and growth of the organization.

Courageous followers also exhibit ethical behavior and take responsibility for their actions. They hold themselves accountable for their decisions and actions, aligning their behaviors with their values and the organization's values. They are willing to stand up against unethical practices and unethical leadership when necessary, with the aim of promoting integrity and ethical decision-making within the organization.

Chaleff's courageous followership promotes a collaborative and mutually beneficial relationship between leaders and followers. It encourages leaders to create an environment where followers feel safe and empowered to express their ideas and concerns. By fostering open communication and embracing diverse perspectives, leaders can tap into the full potential of their followers and create a culture of innovation and adaptability.

In summary, Chaleff's courageous followership emphasizes the importance of active and engaged followers who possess the courage to speak up, take initiative, act ethically, and influence their leaders and organizations positively. It advocates for a dynamic and collaborative relationship between leaders and followers, ultimately aiming to enhance organizational effectiveness, ethical decision-making, and overall success.

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Linden, Inc. uses a 6,900 square foot factory space that it rents for $3,500 a month for all its manufacturing activities. Linden has decided to switch to an activity-based costing system, and has identified its activities as follows: Preparation and Setup, Machining, Finishing, and Quality Control. 3,100 square feet of the factory are used for machining, while 1,400 square feet (each) are used for Preparation and Setup and Quality Control. Finishing uses 1,000 square feet. When assigning indirect costs to each activity, how much factory rent should be assigned to the Preparation and Setup cost pool

Answers

Answer: $710.14

Explanation:

Out of the total space of 6,900 square foot, Preparation and Setup uses 1,400  out of this.

Rent is $3,500

The total rent to be apportioned to it will therefore be;

= 1,400/6,900 * 3,500

= $710.14

[100 points, economics, midpoint question]
Consider two markets: the market for motorcycles and the market for pancakes. The initial equilibrium for both markets is the same, the equilibrium price is $6.50, and the equilibrium quantity is 21.0. When the price is $12.75, the quantity supplied of motorcycles is 63.0and the quantity supplied of pancakes is 101.0. For simplicity of analysis, the demand for both goods is the same.

Using the midpoint formula, calculate the elasticity of supply for pancakes. Please round to two decimal places.

[100 points, economics, midpoint question]Consider two markets: the market for motorcycles and the market

Answers

The elasticity of supply for televisions:  2. less elastic than supply in the market for televisions.

To calculate the elasticity of supply, we use the midpoint formula, which is given by:

Elasticity of Supply = (Percentage change in quantity supplied) / (Percentage change in price)

First, we need to calculate the percentage change in quantity supplied:

Change in quantity supplied = New quantity supplied - Initial quantity supplied

Change in quantity supplied for televisions = 800 - 1,000 = -200

Percentage change in quantity supplied = (Change in quantity supplied / Initial quantity supplied) * 100

Percentage change in quantity supplied for televisions = (-200 / 1,000) * 100 = -20%

Next, we calculate the percentage change in price:

Change in price = New price - Initial price

Change in price = $1,200 - $800 = $400

Percentage change in price = (Change in price / Initial price) * 100

Percentage change in price = ($400 / $800) * 100 = 50%

Now, we can calculate the elasticity of supply for televisions:

Elasticity of Supply = (-20% / 50%) = -0.4

The elasticity of supply for televisions is -0.4, it indicates that the supply of televisions is inelastic. This means that the quantity supplied of televisions is not very responsive to changes in price.

The answer is: 2. less elastic than supply in the market for televisions.

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Complete question:

Consider two markets: the market for smartphones and the market for televisions. The initial equilibrium for both markets is the same, with an equilibrium price of $800 and an equilibrium quantity of 1,000. When the price increases to $1,200, the quantity supplied of smartphones is 1,500, and the quantity supplied of televisions is 800. For simplicity of analysis, assume that the demand for both goods is the same.

Using the midpoint formula, calculate the elasticity of supply for televisions. Please round to two decimal places.

Supply in the market for smartphones is

the same elasticity as supply in the market for televisions.less elastic than supply in the market for televisions.There is not enough information to tell which has a higher elasticity.more elastic than supply in the market for televisions.

Identify Project Needs The first step in any media-driven project is to determine whether the project is relevant to the purpose, audience, and audience needs. This step is important as the answers to the project questions will determine how you plan, structure, and produce a video-based project.Purpose:Upon completing this project, you will be able to understand how to decide what is needed for a project.Steps for completion:1.Which are four questions that need to be answered before beginning a project

Answers

Answer:

i donts know. subscribe to  game toons!

Explain the concept of Opportunity Costs as they relate to tradeoffs

Answers

While opportunity cost is the cost of opting one course of action and doing another opportunity, a trade-off is an action given up to perform the preferred course of action.

The Neptune Company offers network communications systems to computer users. The company is planning a major investment expansion but is unsure of the cost of equity capital as it has no publicly-traded equity. Your assignment is to determine an appropriate equity cost. List and explain the steps you will need to take to complete this assignment.

Answers

Answer:

Collect estimates of beta for firms in the same businessExplanation:

Exercise 2-2 (Static) Preparing job cost sheet and computing costs LO C1 The following information is from the materials requisitions and time tickets for Job 9 completed by Great Bay Boats. Materials requisitions are identified by code numbers starting with the letter M, and the time tickets start with T. Estimated (applied) overhead for Job 9 is $1,400. Date Document Amount July 1 M-46 $ 1,250 July 1 T-33 600 July 5 M-47 1,000 July 5 T-34 450 July 10 T-35 300 Prepare a job cost sheet for Job 9, which includes costs for direct materials, direct labor, overhead, and total cost.

Answers

The Cost Sheet for Job 9 for the month of July is as follows:

Direct materials                      $2,250

Direct labor                                1,350

Applied overhead                     1,400

Total cost of manufacturing $5,000

Data for Job 9:

Estimated (applied) overhead = $1,400

Materials Requisitions:

Date   Document             Amount

July 1       M-46                $ 1,250

July 5      M-47                    1,000

Total cost of materials = $2,250

Time Tickets:

Date   Document             Amount

July 1        T-33                         600

July 5        T-34                        450

July 10      T-35                        300

Total cost of direct labor = $1,350

Thus, the total cost of producing Job 9 in July is $5,000.

Learn more about preparing a job cost sheet at https://brainly.com/question/16749090

Explain the technique to make change in counter transactions correctly.

Answers

Answer:

The correct ways to prepare a customer's change over the counter are:

Explanation:

1. In the cash drawer, store each denomination together in a section

2. As you receive cash, straighten them out and arrange them uniformly. Let every bill be faced in the same direction.

3. Deduct the total price of goods bought from the total amount handed to you by the customer.

4. The result from the above calculation is the customer's change.

5. Peek into the cash drawer and neatly pick out the notes or bills that make up this amount.

6. Carefully replace the shifted bills or coins in the drawer.

7. Place your hands on the desk or in sight of the customer and count the change for them to see.

8. Hand it over to the customer!

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