Hamish has calculated the budget variance in column D, but needs to indicate if it is favorable or unfavorable. Which Excel function will allow Hamish to compare the values in columns B and C to determine if the variance is favorable or unfavorable? E For U A B D 1 ACTUAL BUDGET VARIANCE 2 Sales Revenue: 3 In-house dining $ 795,240 $ 745,000 $ 50,240 4 Customer pick-up $ 135,320 $ 130,000 $ 5,320 5 Uber Eats $ 57,892 $ 40,000 $ 17,892 6 In-house delivery $ 15,670 $ 25,000 $ 9,330 7 Food truck sales $ 85,620 $ 75,000 $10,620 8 Event catering $ 58,720 $ 55,000 $ 3,720 1) EXACT 2) ABS 3) IF 4) MAX
Answers
The IF function would be the best Excel function for Hamish to use to indicate if variance is favorable or unfavorable.
What is variance?In statistics, variance is measure of how the spread out a set of data is. Specifically, it measures the average of the squared differences from the mean of a set of numbers. The variance is calculated by taking the difference between each number and the mean, squaring that difference, summing all of the squared differences, and dividing that sum by the total number of data points. A larger variance indicates that the data points are more spread out from the mean, while a smaller variance indicates that the data points are more tightly clustered around the mean. Variance is commonly used in many statistical analyses, including regression analysis, hypothesis testing, and machine learning algorithms.
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Related Questions
Differentiation Select one: (a) helps a firm get a competitive advantage if it just meets needs in the same way as other firms. (b) means that the marketing mix is similar to what is available from a competitor. (c) often requires that the firm fine-tune all of the elements of its marketing mix to the specific needs of a distinctive target market. (d) is less obvious to target customers when there is a consistent theme integrated across the four Ps decision areas. (e) can only be based on one important element of the marketing mix.
Answers
Answer:
c) often requires that the firm fine-tune all of the elements of its marketing mix to the specific needs of a distinctive target market
Explanation:
Differentiation is defined as the process by which firms make their products distinct from other competitor's products.
Differentiation is aimed at making a firm's product more attractive to the customer than others in the market.
It involves fine-tuning all of the elements of its marketing mix (price, product, place, promotion) to the specific needs of a distinctive target market.
This makes the product unique and differentiated from others.
Item C
BMR plc
BMR plc knocks down unwanted buildings and prepares the land for construction when a site is being redeveloped for a new use. The company recently started to salvage, recycle and sell building materials that can be used in other construction projects.
Many of its demolition jobs take several months to complete and BMR plc can wait for over a year before it is paid. BMR plc receives the money from its sale of salvaged building material within 2 months.
Demolition businesses often deal with dangerous and heavy materials that need to be disposed of well away from the building site. The demolition industry has received a lot of criticism in recent years for damaging the environment. Some demolition businesses have even tried to reduce costs by operating in ways that put site workers and the public at risk. BMR plc wants to be known as an ethical business and has set itself the objective of operating in an environmentally friendly way.
Extract from BMR plc’s statement of financial position (balance sheet):
All figures are in millions of pounds (£m).
Current ratio = Current assets/Current liabilities.
The current ratio at the end of 2015 was 1.25.
Unit 2 - May 2017
BMR plc has said that it wants to be known as an ethical business and one thing it has done is to set an environmental objective. Explain whether you believe that this is a sensible thing for BMR plc to do. Use Item C to support your answer.
[9 marks]
PLEASE HELPP I DONT GET THISSS
Answers
(Consider This) Which of the following is an example of voter failure?
a. Voters support adding stoplights that would increase congestion and travel costs without increasing safety or convenience.
b. Government officials ignore voter calls for regulations that would reduce negative externalities and enhance efficiency c. Voters wanting greater highway safety are unable to express their preferences on how to achieve it because the voting system doesn't allow it. d. Voters wanting more government services are divided on what services they most prefer, leaving government officials to determine what is best.
Answers
The example of voter failure is: OPTION c. Voters wanting greater highway safety are unable to express their preferences on how to achieve it because the voting system doesn't allow it.
Voter failure refers to a situation where the preferences or interests of the majority of voters are not effectively represented or translated into policy outcomes. In this example, voters share a common goal of greater highway safety but are unable to express their specific preferences on how to achieve it due to limitations in the voting system.
The voting system restricts their ability to have a direct say or influence in shaping the policies related to highway safety, thus resulting in voter failure.
Option a is an example of voters supporting a measure (adding stoplights) that may have unintended negative consequences, indicating voter error rather than voter failure. Option b describes government officials ignoring voter calls, which may be a failure of government responsiveness rather than voter failure.
Option d refers to the challenge of reconciling diverse voter preferences, but it does not necessarily indicate voter failure.
The correct answer is option c.
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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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can u give me an example of destructive and constructive? don't mind the subject by the way.
Answers
i believe constructive is like building something up (constructive criticism)
destructive is the opposite
Marcus set a goal to buy a used car in the next few months. He plans to make a $2,500
down payment and has already saved $1,300. If he can save $150 each month for this goal
to buy a car, how long will it take him to save the entire $2,500?
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Look for _____ in research information showing preferential treatment or consideration regardless of legitimate reasoning.
credibility
relevance
bias
additional sources
Answers
Answer:
bias
Explanation:
bias is the true anwer
once a groundwater supply is contaminated with marine water, how long will it remain contaminated?
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Once a groundwater supply is contaminated with marine water, it may remain contaminated for a long time,
depending on factors such as the rate of recharge of the groundwater, the volume of the contaminated water, and the permeability of the surrounding soil and rock formations. In general, the more saline the water, the longer it takes to flush out of the aquifer. In some cases, it may take several years or even decades for the contamination to dissipate. Additionally, human activities that contribute to the contamination can prolong the recovery process, such as continued pumping of contaminated water from wells or discharging additional contaminants into the aquifer.
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Question 2(Multiple Choice Worth 5 points)
(02.06 MC)
In general, what kind of people earn the most money?
O People with skills that are in high demand and high in supply
O People with skills that are in high demand but low in supply
O People with skills that are in low demand and low in supply
People with skills that are in low demand but high in supply
Answers
They earn the most money since skills also follow the law of supply and demand, so consumers are willing to pay more due to low supply
Companies with multiple products commonly use _____ departments. a. function b. product or service c. customer d. territory e. matrix.
Answers
Companies with multiple products commonly use product or service departments. These departments are organized according to the different products or services offered by the company. Each department is responsible for managing the development, production, marketing, and sales of its respective product or service.
This structure allows for greater specialization and expertise within each department, as well as increased efficiency and productivity. Additionally, it helps to ensure that each product or service receives the appropriate attention and resources necessary for success. In contrast, functional departments are organized according to the different functions of the company, such as finance, human resources, and marketing, and are not specifically focused on individual products or services.
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Gloria has a coffee shop and has been in business for years. She has many
customers that are regulars, but she's looking to acquire more. So far, she has
signs around the neighborhood, a TV commercial, an ad in the newspaper,
and coupons sent to everyone in the area. Which form of advertising can she
utilize now that she hasn't already?
A. Radio
B. TV
C. Signage
D. Print
Answers
Answer:
a. radio
Explanation:
The form of advertising that Gloria can utilize now that she hasn't already is Radio.
Thus, Option A is correct.
What do you mean by advertising?Advertising is described as a strategy used to gain attention to a certain product or service among the general population. A viewership is exposed to a product, brand, or service through the use of an advertisement in order to grab their attention, promote interaction, and boost sales.
Through advertising, new products, services, and ideas are introduced to consumers. In this case, it makes a reference to the introduction of items and the search for mass consumers. Advertising is a sort of marketing communication that is used to market or sell a company's goods or services. Advertising's Latin root means "to draw people's attention toward."
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Suppose X ~ N(2,10) and Y ~ N(4,8) and X, Y are independent random variables. What is the distribution of W=2X+Y? What are the mean and variance of W?
Answers
The distribution of W is a Normal distribution since W is a linear combination of two independent Normal random variables X and Y. The mean of W is 2(2)+4=8 and the variance is 2^2(10) + 8 = 28.
Therefore, W ~ N(8, 28) is the answer.
Variability is measured by the variance. The average of the squared deviations from the mean is used to calculate it. The degree of spread in your data set is indicated by variance. The variance is greater in respect to the mean the more dispersed the data.The difference between the means is the mean of a difference. The sum of the variances determines the variance of a sum. A difference's variance is the total of its variances.
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Find the interest on the following loan.
$1050 at 5.5% for 9 months
Answers
Answer: The answer would be $57.75
Explanation:
1050 x 0.055(the interest rate) = 57.75
Can I have brainliest? It would help me out, if not thanks anyways! Hope this helped and have a nice day!
Because of rising environmental and social costs of economic activity, the gap between the GDP and GPI/ISEW has ______
a. Increased.
b. Decreased
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Due to the increasing environmental and social costs associated with economic activity, the gap between GDP and GPI/ISEW has increased over time.
The Gross Domestic Product (GDP) is a widely used measure to gauge the economic performance of a country. However, it primarily focuses on the monetary value of goods and services produced within a given time period, disregarding the social and environmental impacts of economic activities. On the other hand, the Genuine Progress Indicator (GPI) or the Index of Sustainable Economic Welfare (ISEW) takes into account factors such as income distribution, environmental degradation, and social well-being.
As awareness about the negative consequences of unsustainable economic practices has grown, so too has the recognition of the need for more comprehensive measures of progress. The rising environmental costs, including pollution, resource depletion, and climate change, as well as social costs such as inequality, loss of biodiversity, and social unrest, are not adequately captured by GDP alone.
Therefore, the gap between GDP and GPI/ISEW has increased over time. This is because the true costs of economic activities, including the depletion of natural resources, environmental degradation, and social inequalities, are not fully reflected in GDP. The growing recognition of these costs has led to the development and use of alternative indicators like GPI/ISEW to provide a more holistic assessment of economic progress and well-being. These alternative indicators highlight the need for sustainable and inclusive economic development that takes into account both social and environmental factors.
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Which of the following is NOT true about the Free Application for Federal Student Aid (FAFSA)?
You can fill out the FAFSA if you are an independent or a dependent.
The earliest you can submit your FAFSA is January 1st of each year.
You can fill the form out online or on paper.
Each state may have a different deadline for state financial aid.
Answers
Answer:
A
Explanation:because its true
"A 25-year old client with a low risk tolerance wishes to invest in bonds. The client has invested in equities before, but has no experience investing in bonds. The BEST recommendation would be:"
Answers
Answer: AA-rated short-term bonds
Explanation:
The options to the question are:
A. BB-rated short-term bonds
B. BB-rated intermediate-term bonds
C. AA-rated short-term bonds
D. AA-rated long-term bonds
From the question, we have been informed that the client has a low risk tolerance and wants to invest in bond.
Based on this scenario, to reduce the risk of the interest rate risk, it should be noted that short-term maturities are more appropriate than choosing the long-term maturities.
Therefore, the best recommendation will be AA-rated short-term bonds.
Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called Group of answer choices auditing. economics. finance. accounting.
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Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called accounting.
Accounting is a fundamental process in business and financial management. It involves systematically recording financial transactions, classifying them into appropriate categories, and summarizing the information to create financial statements such as the income statement, balance sheet, and cash flow statement. These financial statements provide a snapshot of a company's financial performance, position, and cash flows, enabling decision-makers to analyze and make informed decisions about the organization's operations, investments, and financial strategies.
While auditing, economics, and finance are related disciplines, each has its own distinct focus. Auditing involves examining and evaluating financial records and statements to ensure accuracy, compliance, and reliability. Economics studies the production, distribution, and consumption of goods and services within an economy. Finance, on the other hand, focuses on managing financial resources, investments, and the financial aspects of decision making. However, accounting serves as the foundation for providing the necessary financial information in these areas.
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write on perfect competition
Answers
ace products has a bond issue outstanding with 15 years remaining to maturity, a coupon rate of 8% with semiannual payments of $40, and a par value of $1,000. the price of each bond in the issue is $1,196.00. the bond issue is callable in 5 years at a call price of $1,080. what is the bond's current yield? round your answer to two decimal places. do not round intermediate calculations. 6.69 % hide feedback correct check my work feedback realize that the bond is a semiannual bond; however, this doesn't impact the current yield calculation. review the formula for calculating a bond's current yield. realize that the bond is selling above par, so it is a premium bond; therefore, its current yield will be less than its coupon rate. what is the bond's nominal annual yield to maturity (ytm)? round your answer to two decimal places. do not round intermediate calculations. 0.06 %
Answers
Therefore, the bond's YTM is 6.00%, which is lower than its coupon rate of 8%. This indicates that the bond is a premium bond, as its price is higher than its par value, and investors are willing to accept a lower yield to maturity in exchange for the higher price.
To calculate the bond's current yield, we need to divide the annual coupon payment by the bond's current market price, and then multiply by 100 to convert to a percentage:
Annual coupon payment = coupon rate * par value / 2
= 8% * $1,000 / 2
= $40
Current yield = ($40 / $1,196) * 100%
= 3.34%
To calculate the bond's yield to maturity (YTM), we need to use a financial calculator or approximation formula.
YTM = coupon rate + (par value - current price) / years to maturity * current price / 2 * [(1 + (par value - current price) / years to maturity * current price) ^ (-2 * years to maturity)]
Substituting the values we get:
YTM = 8% + ($1,000 - $1,196) / 15 * $1,196 / 2
/ [(1 + ($1,000 - $1,196) / 15 * $1,196 / 2) ^ (-2 * 15)]
= 0.06 or 6.00%
Therefore, the bond's YTM is 6.00%.
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LearnCo LearnCo manufactures and sells one product, an abacus for classroom use, with two models, the Basic model and the Deluxe model. The company began operations on January 1, 20Y1, and is pla preparing budgets from its master budget. The company is trying to decide how many units to manufacture, how much it might spend on direct materials and direct labor, and what their factory overhead expenses might be. In addition, the co administrative costs, and in creating a budgeted income statement showing a prediction of net income for 20Y2. You have been asked to assist the controller of LearnCo in preparing the 20Y2 budgets.
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The unit price for the basic abacus is $ 7.00 and the unit price for the deluxe abacus is $ 13.00. In total, 36,000 units of each are sold per year.
To know the number of units that are sold per year of the basic abacus, it is necessary to divide the total profits ($ 252,000) in the price per unit of each basic abacus ($ 7.00)
$ 252,000 / $ 7.00 = 36,000This means that 36,000 units of each type of abacus are sold per year. On the other hand, to know the unit value of each deluxe abacus, it is necessary to divide the total deluxe abacus sales ($ 468,000) by the number of deluxe abacus units sold per year (36,000)
$ 468,000 / 36,000 = $ 13.00So each deluxe abacus unit is worth $ 13.00. In total, buying one unit of each abacus would be worth $ 20.00
Note: The question is incomplete because there is some information missing. Here is the missing information:
You have been asked to assist the controller of LearnCo in preparing the 20Y2 budgets.
Sales Budget
The sales budget often uses the prior year’s sales as a starting point, and then sales quantities are revised for various factors such as planned advertising and promotion, projected pricing changes, and expected industry and general economic conditions. LearnCo has completed reviewing its prior year’s sales and has prepared the sales budget below.
After reviewing LearnCo’s sales budget, you note that three numbers have been omitted. The company’s controller has told you that the units sold for the Basic and Deluxe models are expected to be the same. Fill in the missing amounts.
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Is wanting to increase sales over the next year a good objective if (no/yes) write why
Answers
Answer:
Yes because some family's are not doing very good in money so they should be able to afford more items
But also no at the same time because if you have more sales more of your stuff will be out of stock.
Explanation:
The balance on a credit card, that charges a 20%
APR interest rate, over a 1 month period is given in
the following table:
Days 1-5: $200 (initial balance)
Days 6-20: $350 ($150 purchase)
Days 21-30: $150 ($200 payment)
What is the finance charge, on the average daily
balance, for this card over this 1 month period?
finance charge = $ [?]
Round to the nearest hundredth.
Enter
Answers
The balance on a credit card, that charges a 20% APR interest rate, the Finance charge is given as
$4.3055
This is further explained below.
What is the APR interest rate?Generally, The interest rate that is applied to a loan, mortgage loan, credit card, etc. is referred to as an annual percentage rate of charge, which sometimes corresponds to a nominal APR and sometimes corresponds to an effective APR.
The annual percentage rate of charge is the interest rate for the entire year, as opposed to just a monthly fee or rate. It is a fee for financing that is presented in the form of an annual rate.
Interest rate APR = 12%
Average balance = ((200*5)+(350*15)+(150*10))/30
Average balance = $258.33
Average balance*APR/12
Finance charge =\(\frac{258.33*20 \%}{12 }\)
Finance charge = $4.3055
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Why is it important for o evaluate your advertising campaign when it is complete?
Answers
Answer:
A well-documented evaluation of your campaign builds credibility and respect. It helps determine if your ads are hitting the target audience, and what are their opinions and feedback on it.
Explanation:
The evaluation of your advertisement campaign helps in enhancing transparency and the report showcases the achievements you have attained during this and also helps showcase the entire campaign to every key stakeholder. It helps in building trust across the various departments in the company and enables them to measure the strengths and weaknesses of the campaign, in order to adjust for future campaign drives.
does this sentence i wrote make sense:
“Not only this, but as a gateway to contribute to saving the planet.”
Answers
Discuss how a person can demonstrate strong leadership
at the time of crisis. Support your discussion with leadership
examples from any of the industry domain.
Answers
A person can demonstrate strong leadership during a crisis by effectively communicating, making decisive decisions, showing empathy, promoting adaptability and innovation, and fostering collaboration and team building.
In times of crisis, effective leadership is crucial to guide and inspire others. By communicating clearly, making timely and informed decisions, and showing empathy towards individuals' challenges, a leader can build trust and confidence. Additionally, promoting adaptability and innovation allows for creative problem-solving, while fostering collaboration and team building cultivates a sense of unity and collective effort. These qualities and actions enable leaders to navigate crises successfully and bring out the best in.
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Do you think large multinational corporations in general like Wal-Mart, Apple, McDonalds and Frito Lay are good or bad for the world? Is "globalization" another word for “Americanization”? Why or why not? (3 points) Explain using complete sentences.
Answers
Answer:
I think multinational corporations in like these are bad. Because even people on diets or trying to diet, and people buy it for them not knowing its hard for them to say no.
Explanation:
Suppose you are planning a summer vacation and book a hotel room online for $149 a night. However, when you get to the reservation screen, you are informed that you will be charged an additional $30 a night in various taxes that you have to pay to the hotel.
Indicate whether each of the given factors is likely to raise the economic burden of the tax for you or for the hotel. (for each of the following)
i- A hurricane recently ravaged the area, resulting in many vacancies at competing hotels.
ii- There are many other hotels in the area
iii- It is the peak of tourist season
iv- The hotel has unique architecture and is considered a historical landmark.
Answers
Answer:
iii
Explanation:
Most of the time hotels will charge more when more rooms are booked, so when you book your hotel room, and many rooms are booked, most people do get charged more.
A hurricane would raise the burden of tax on the hotel.
The availability of many hotels would raise the burden of tax on the hotel.
The peak of tourist season would raise the burden of tax on you.
As a result of the hotel's architecture, the burden of tax would raise on you.
What does the burden of tax mean?
Economic burden of tax refers to who pays more tax between the buyer and the seller. The economic burden of tax depends on the elasticities of demand of the consumer and the elasticities of supply of the supplier.
The party between the supplier and the consumer that has a more elastic demand or supply would bear less tax burden and the party that has a less elastic demand would bear more tax burden.
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You invest 55% of your money in security A with a beta of 1.4 and the rest of your money in security B with a beta of 0.9. The beta of the resulting portfolio is
Answers
The beta of the resulting portfolio can be calculated by taking the weighted average of the betas of the individual securities based on the respective proportions of the investment. In this case, 55% of the money is invested in security A with a beta of 1.4, and the remaining percentage is invested in security B with a beta of 0.9.
To calculate the beta of the resulting portfolio, we multiply the beta of each security by its respective weight, sum up these values, and then divide by the total weight of the portfolio.
In this case, 55% of the money is invested in security A with a beta of 1.4, and the remaining percentage (45%) is invested in security B with a beta of 0.9.
Beta of the resulting portfolio = (Weight of security A * Beta of security A) + (Weight of security B * Beta of security B)
Beta of the resulting portfolio = (0.55 * 1.4) + (0.45 * 0.9)
Beta of the resulting portfolio = 0.77 + 0.405
Beta of the resulting portfolio = 1.175
Therefore, the beta of the resulting portfolio is 1.175. This indicates the systematic risk or sensitivity of the portfolio to market movements. The higher the beta, the more volatile the portfolio is expected to be compared to the overall market.
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You are given the task of deciding the marketing strategy for a transportation company. How do the marketing mix elements change when the target market is (a) low-income workers without personal transportation, (b) corporate international business travelers, or (c) companies with urgent documents or perishable materials to get to customers?
Answers
When the target market for a transportation company is low-income workers without personal transportation, the marketing mix elements must change to reflect the needs of this market segment.
The product that is being offered must be affordable and cater to the needs of low-income workers who are looking for reliable transportation options. In this case, the transportation company may choose to offer shared transportation options or group transportation services to reduce the cost of transportation for low-income workers. The pricing strategy should also reflect the affordability of the product and offer discounts or packages that cater to this market segment. The promotion strategy may focus on reaching out to low-income workers through community outreach programs or targeted advertising campaigns that cater to this market segment.
When the target market for a transportation company is corporate international business travelers, the marketing mix elements must change to reflect the needs of this market segment. The product that is being offered must be of high quality and cater to the needs of business travelers who require comfort, convenience, and reliability. In this case, the transportation company may choose to offer luxury transportation options or business-class travel services to cater to the needs of this market segment. The pricing strategy should reflect the high-quality product and offer premium pricing that caters to this market segment. The promotion strategy may focus on reaching out to business travelers through targeted advertising campaigns or corporate partnerships that cater to this market segment.
When the target market for a transportation company is companies with urgent documents or perishable materials to get to customers, the marketing mix elements must change to reflect the needs of this market segment. The product that is being offered must be reliable and offer time-sensitive transportation options that cater to the needs of companies with urgent documents or perishable materials. In this case, the transportation company may choose to offer express delivery options or same-day delivery services to reduce the risk of delays and meet the needs of this market segment. The pricing strategy should reflect the value of time-sensitive transportation and offer premium pricing that caters to this market segment. The promotion strategy may focus on reaching out to companies through targeted advertising campaigns or corporate partnerships that cater to this market segment.
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Under the Uniform Securities Act, the threshold where a State-registered adviser is considered to have taken custody of client funds if it charges prepaid advisory fees, is:
Answers
Answer:
The advisory fees will be "$500, 6 months or more in advance of rendering services".
Explanation:
Whenever a nation-registered investment manager recognizes $500 (and sometimes more) of advanced consulting fees, 6 months more than before anticipation of providing services, then perhaps the consultant is deemed to have obtained ownership of customer funds being defined by NASAA.(In comparison, it should also be noted that perhaps the Advisers (investment) Act of year 1940 established the cap at $1,200 among Federal Covered consultants, although that wasn't the law for govt-registered consultants).