Materials and manufacturing labor variances, standard costsDunn, Inc., is a privately held furniture manufacturer. For August 2014, Dunn had the following standards for one of its products, a wicker chair:The following data were compiled regarding actual performance: actual output units (chairs) produced, 2,000; square yards of input purchased and used, 3,700; price per square yard, $5.10; direct manufacturing labor costs, $8,820; actual hours of input, 900; labor price per hour, $9.80.Required:1. Show computations of price and efficiency variances for direct materials and direct manufacturing labor. Give a plausible explanation of why each variance occurred.2. Suppose 6,000 square yards of materials were purchased (at $5.10 per square yard), even though only 3,700 square yards were used. Suppose further that variances are identified at their most timely control point; accordingly, direct materials price variances are isolated and traced at the time of purchase to the purchasing department rather than to the production department. Compute the price and efficiency variances under this approach.
Answers
Answer:
Please see answers below
Explanation:
1. Material price variance = AQ [ AP - SP]
= [ $5.10 - $5.0] × 3,700
= $370 (U)
Material efficiency variance = [AQ - SQ] × SP
= [3,700 - 2,000*2] × $5.0
= - $1,500 (F)
Flexible variance budget variance = Material price variance + Material efficiency variance
= $370(U) + -$1,500(F)
= -$1,130(F)
Reasons for unfavorable price variance
• When the purchase manager is not too skillful at buying materials needed for production
• When there is an unexpected increase in price of materials
Reasons for favorable efficiency variance
• Usage of high quality material
• Skilled labourers use less materials than budgeted
Direct labor rate variance = [AR - SR] × AH
= [$9.80 - $10] × 900
= -$180 (F)
Direct labor efficiency variance = [AH - SH] × SR
= [900 - 2,000*0.5] × $10
= -$1,000(F)
Flexible budget variance = Direct labor rate variance + Direct labor efficiency variance
= -$180(F) + -$1,000(F)
= -$1,180
Reasons for favorable rate variance
• When there is reduction in labor rate due to recession in an economy
• When more of semi skilled or unskilled labor are employed.
Reasons for favorable efficiency variance
• Usage of high quality raw materials
• When plant facilities are restructured, it means that labor would be more effective.
2. Material price variance = [$AP - SP] × AQ
= [$5.10 - $5.0] × 6,000
= $600(F)
Material efficiency variance = [AQ - SQ] × SP
= [6,000 - 2,000 × 0.5] × $5.0
= $25,000(F)
Related Questions
Rooms booked well in advance may receive a lower rate than those rooms booked at
the last minute. What term best refers to this concept?
ADR
Orack rate
yield management
accounting services
Answers
Answer:
Explanation:
The answer is c. 200 rooms
how will a new front desk manager address a problem of lateness in a hotel.
Answers
Answer:
They will have a system like a lot book where they would take in the visitors details and then Mark in or out and time of arrival and leaving
Hope this helps :)
Explanation:
Increasing or Decreasing the Money Supply
Complete the table in question 7.
7. The Fed has three tools it can use to influence the money supply. In the following table, list the three
tools and then explain how the Fed uses each tool to increase or decrease the money supply.
Fed tool
To increase the money supply,
the Fed
To decrease the money supply.
the Fed
A
Answers
Answer:
TOTAL amount
TOTAL amount
Answer:
Increasing
Explanation:
Scenario 1: You walk into the kitchen and notice that an employee is using the same cutting board for raw vegetables that they used for raw chicken. What do you do?
Answers
After walking into the kitchen when I noticed that that an employee is using the same cutting board for raw vegetables that they used for raw chicken, I would immediately contact the supervisor or try telling the employee that, it is not hygienic.
Who is a supervisor?A supervisor, also known as a leader, is a lower-level management position with control over employees or a workplace.
If a cook uses a cutting board or knife to cut raw poultry and then uses the same knife or cutting board to slice raw veggies without washing it, the vegetables may be contaminated by chicken germs.
After cutting raw meat, poultry, or seafood on our cutting block, completely clean it with hot soapy water, disinfect it with chlorine bleach or another sanitizing solution, and rinse it with clean water.
Therefore, the scenario shows an unsafe practice, and the employee must be trained properly.
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INFORMATION: List of balances extracted from the accounting records of BERGVILLE LTD on 29 February 2023, the end of the financial year, unless otherwise stated. A. B. C. D. E. Ordinary share capital Retained income Loan from Iniwe Bank Fixed assets at carrying value Fixed deposit: Khula bank Trading stock Creditors control Bank (unfavourable) Accrued expenses (expenses payable) Net trade debtors SARS income tax (provisional tax payments) Petty cash - Dividends: Interim dividends : R123 000 Final dividends: R320 000 ? 280 000 985 400 ted the following: ? 200 000 ? 440 000 25 000 11 500 ? 560 000 ? Bank reconciliation statement: The bank reconciliation on 29 February 2022 reflected a post-dated EFT for R5 000 dated 31 March 2023. Trade and other receivables occupied 54% of the current assets. Loan: CAPITEC bank ne ansac edite ACCO
Answers
Given balances extracted from the accounting records of BERGVILLE LTD on 29 February 2023 are as follows:Information:Ordinary share capital = R200,000Retained income = R440,000Loan from Iniwe Bank = R25,000Fixed assets at carrying value = R11,500Fixed deposit:
Khula bank = R560,000Trading stock = R985,400Creditors control = R280,000Bank (unfavorable) = R25,000Accrued expenses (expenses payable) = R11,500Net trade debtors = R280,000SARS income tax (provisional tax payments) = R54,000Petty cash = R5,000Dividends:Interim dividends: R123,000
Final dividends: R320,000Therefore, total shareholders' equity can be calculated as:Share capital + Retained income = 200000+440000= R640,000The total current assets would be:Trading stock + Debtors + Cash = 985400+280000+5000= R1,270,400As given, Trade and other receivables occupied 54% of the current assets.
Therefore, Trade receivables = 54% * 1270400 = R685,216Bank balance as per cash book = 560000 - 25000 - 11500 + 280000 - 54000 - 5000= R1,95500Bank reconciliation statement:Bank balance as per bank statement as at 29 February 2023 = R2,000,500Post-dated EFT of R5,000 dated 31 March 2023Add: Unpresented cheque = R 3,000Add:
Deposit in transit = R12,000Less: Bank charges = R300Less: Uncredited cheque = R7,000Adjusted bank balance as per bank statement = 2,00,500 + 5000 + 3000 + 12000 - 3000 - 7000 = R2,13,500Thus, the adjusted bank balance as per bank statement is R2,13,500.
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Calculating Income Tax Expense
Given the following.
Taxable Income $400k
Future taxable amounts $30k
Future deductible amounts $50k
Beginning Balances DTA $10k
Beginning Balances DTL $40k
Tax rate 30%.
1. What is the income tax expense?
2. What is the DTA year end balance?
3. What is the DTL year end balance?
4. What is the income tax expense?
5. What is the originating/reversing amount for the future taxable amount and for the deductible amount of the current year?
Answers
The income tax expense is $120k
The DTA year-end balance is $10k
The DTL year-end balance is $40k
The origination amount for the future deductible amount is $15k, and the reversing amount is also $15k.
How to Solve the Problem?1. To calculate the income tax expense, we need to first calculate the taxable income.
Taxable Income = $400k
Tax rate = 30%
Income tax expense = Taxable Income * Tax rate
Income tax expense = $400k * 30% = $120k
2. The DTA (Deferred Tax Asset) year-end balance can be calculated as follows:
Beginning Balance DTA = $10k
Future deductible amounts = $50k
Origination amount for the deductible amount = $50k * 30% = $15k
Reversing amount for the deductible amount = $15k
DTA year-end balance = Beginning Balance DTA + Origination amount - Reversing amount
DTA year-end balance = $10k + $15k - $15k = $10k
3. The DTL (Deferred Tax Liability) year-end balance can be calculated as follows:
Beginning Balance DTL = $40k
Future taxable amounts = $30k
Origination amount for the taxable amount = $30k * 30% = $9k
Reversing amount for the taxable amount = $9k
DTL year-end balance = Beginning Balance DTL + Origination amount - Reversing amount
DTL year-end balance = $40k + $9k - $9k = $40k
4. The originating/reversing amount for the future taxable amount and the future deductible amount of the current year have already been calculated in questions 2 and 3. The origination amount for the future taxable amount is $9k, and the reversing amount is also $9k. The origination amount for the future deductible amount is $15k, and the reversing amount is also $15k.
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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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Mazu Mavuso is a 43-year-old South African resident who was employed by Veg & Fruit Limited, a South African company, until 30 November 2022. On 30 November 2022, Veg & Fruit Limited ceased its operations and the pension fund that Veg & Fruit Limited established for its employees also closed down. The Veg & Fruit Limited pension fund paid out R80 000 to Mazu Mavuso during the 2023 year of assessment. All Mazu Mavuso's pension fund contributions have been deducted in the determination of his taxable Income. Mazu Mavuso also decided to join a retirement annuity fund, to which he made a total contribution of R7 000 during the 2023 year of assessment. For the 2023 year of assessment, Mazu Mavuzo's receipts and expenses were as follow: Salary Director's fees earned Local dividends from South African companies Local interest from a non 'tax free investment' Pension fund contributions at 6.5% of his salary Retirement annuity fund contributions Qualifying medical expenses paid Donation to a qualifying section 18A Public Benefit Organisation R 720 000 110 000 45 000 24 500 ? 7 000 61 630 6 000 Calculate Mazu Mavuso’s taxable income for the 2023 year of assessment. (25 marks) 1.2) Calculate Mazu Mavuso’s total normal tax liability for the 2023 year of assessment. Assume that Mazu Mavuso had a taxable income of: • R770 900 before any retirement fund lump sum withdrawal benefits. • R843 900 after any retirement fund lump sum withdrawal benefits. (17 marks) Competency Framework Reference: E1.2 Interpretation of tax legislation b) Demonstrate the ability to apply the principles of tax interpretation to any new or unfamiliar tax legislation. E1.3 Application of tax legislation to calculate tax obligation a) Analyse the taxpayer’s tax profile. c) Apply the relevant law to the facts, determine the tax position and compute the tax payable (VAT or normal tax) for individuals and companies.
Answers
Explanation:
to calculated this question to solve
Which of the following would not be legal to put on an application blank?
Answers
Some of the contents on an application blank are:
Personal DataMarital Data, etcWhat is an Application Blank?This refers to the type of interview which is well structured and contains standardized questions which are determined in advance.
Please note that your question is incomplete so I gave you a general overview to help you get a better understanding of the concept.
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Which of the following statements is CORRECT? a. A slow-growth company, with little need for new capital, would be more likely to organize as a corporation than would a faster growing company. b. A major disadvantage of all partnerships compared to all corporations is the fact that federal income taxes must be paid by the partners rather than by the firm itself. c. Attracting large amounts of capital is more difficult for partnerships than for corporations because of such factors as unlimited liability, the need to reorganize when a partner dies, and the illiquidity (difficulty buying and selling) of partnership interests. d. In a regular partnership, liability for other partners' misdeeds is limited to the amount of a particular partner's investment in the business. e. The limited partners in a limited partnership have voting control, while the general partner has operating control over the business. Also, the limited partners are individually responsible, on a pro rata basis, for the firm's debts in the event of bankruptcy.
Answers
chatGPT
Answer:
c. Attracting large amounts of capital is more difficult for partnerships than for corporations because of such factors as unlimited liability, the need to reorganize when a partner dies, and the illiquidity (difficulty buying and selling) of partnership interests.
steps
A.
1. slow growth vs. fast isn't the reason
2. incorporate so owners are not personally responsible for the company's debts
3. incorporate to make it easier to sell shares of the company to investors
B.
1.This statement is incorrect because it says "all partnerships" and "all corporations," which is not true for every partnership or corporation
2.partnerships, partners have to pay federal income taxes
3.In corporations, the taxes are paid by the firm itself
4.Partnerships have a disadvantage compared to corporations
5. This disadvantage is related to taxes
D.
incorrect because
in a regular partnership,
all partners are responsible for the actions of the other partners,
not just limited to the amount they invested in the business.
called "joint and several liability."
E.
1. limited partners are not individually responsible for the firm's debts in the event of bankruptcy
2.limited partners in a limited partnership do not have voting control, only the general partner does
3. pro rata basis means limited partners' liability is limited to the amount they have invested in the partnership. NOT equally divided
4. They are not personally responsible for the partnership's debts beyond that amount.
5. general partner has operating control over the business, but not voting control.
The advantages of being an entrepreneur are _____. a. excitement, independence, and financial risk b. flexibility, independence, and salary potential c. short working hours, independence, and financial risk d. administration, short working hours, and excitement Please select the best answer from the choices provided A B C D
Answers
Answer:
the answer would be B
Explanation:
I took the test don't worry!
The correct option is B. The advantages of being an entrepreneur are flexibility, independence, and salary potential. Time flexibility is the ability to create your timetable and organize your days with some liberty and freedom. You'll work more and less some days than others, and having a business plan that supports this will make you a happy business owner.
What role does play entrepreneurship in economic development?
Economic Growth is Accelerated by Entrepreneurship They encourage new employment by developing new goods and services, which eventually accelerates economic growth. Therefore, public policy that promotes entrepreneurship should be seen as crucial for economic progress.
Successful businesspeople are aware of how quickly their industry and the world around them change. They must adjust their strategy and offers to take into account shifting market conditions while maintaining their emphasis on the long term. The primary traits of an independent entrepreneur are the desire to make a profit, the financial risks, the scope and generality of the commercial activity, notoriety, independence, and the possibility of losing the capital invested.
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Discuss
any
four ways in which Specialization has
improved the economic development of Nigeria.
Answers
Answer:
fixing electricity in Nigeria.
discouraging insurgency in Nigeria.
patronizing Nigerian made products.
improvement of law and order.
Which situation would be appropriate for an investment bank?
Answers
Example of the situation that would be appropriate for an investment bank is Debt and Equity Financing.
What is Investment banking?Investment banking can be described as the special segment of banking operation which can be utilized by the people as well as the organisations so that theycan be able to raise capital and provide financial consultancy services to them.
It should be noted that this banking do serves as the intermediaries between security issuers as well as the investors however Investment bank clients can encompass the corporations, pension funds as well as financial institutions.
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(2+45) + [(+3) + (-4)] + {(+6) + [(-14) + (-13) + (+9)] + (-17)}
Can someone please help me to do this step by step? :(
Answers
Answer:
10
Explanation:
first solve in parenthesis
2+45) + [(+3) + (-4)] + {(+6) + [(-14) + (-13) + (+9)] + (-17)}
46+(-1)+(-35)
46-1-35
10
hope this helps
brainliest?
Which of the following was not one of the types of entrepreneurs theorized by Arthur cole in the 1950s. The innovator, the calculating inventor, the organization builder, the lucky fool
Answers
Answer:
the answer is 'the lucky fool'
Explanation:
Ford Motor Company has issued 8% convertible debentures, convertible at a 25:1 ratio. Currently the debenture is trading at 110. The stock is trading at 38. What is the conversion price of the stock
Answers
Answer:
40
Explanation:
Calculation for the conversion price
Based on the information given we were told that the company's convertible ratio is 25:1 which simply means that 1,000 par will be divided by the covertible ratio .
Hence,
Conversion price of the stock = 1,000/25
Conversion price of the stock = 40
Therefore the Conversion price of the stock will be 40
a bond_____may be issued as evidence of the company's debt. multiple choice question. contract agreement article certificate
Answers
A Bond Certificate may be issued as evidence of the company's debt.
Bond Certificate:
A document that contains details of a bond, such as the name of the bond issuer, the par or principal amount of the bond, the interest rate, and the maturity date. A bond certificate is effectively a receipt to the bondholder, proving the bond's ownership and the terms of the bond. Many bonds are unregistered and do not have the bondholder's name printed on the front. These certificates are called bearer bonds. Bearer Bonds must be sealed and protected as ownership moves with them. In other words, bearer bonds are like cash. Those who have passion have a title. If someone steals a bearer bond, they can try to collect interest payments or even sell it back to the issuer.
The terms and conditions are set out in a certificate containing:
Name of the Issuer.The amount to be paid to the investor.The date of repaymentThe rate of interest to be paid on the borrowed funds.A unique identification Number.Learn more about Bond Certificate:
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Should you give personal identifying information to your employer?
A.
No, that information is private.
B.
Yes, they will need it to withhold taxes.
C.
No, that information should not be shared with anyone.
D.
Yes, the employer will share it with your next employer.
Answers
Answer: B.
Yes, they will need it to withhold taxes.
Explanation:
B. Yes, you should provide personal identifying information to your employer as they will need it to fulfill their legal obligations, such as withholding taxes from your paycheck. However, it is important to make sure that you only provide the necessary information and that your employer is taking appropriate measures to protect your personal data. It is also important to understand your rights and privacy protections under applicable laws and regulations.
y
Which type of technology can help an athlete record the speed and force they have
on pucks or balls?
Answers
This technology, which was first employed in missile detection systems and then in weather analysis, is currently used in sports, where it records a large number of data points from the players, clubs, bats, sticks, pucks, and balls.
Technology is the application of knowledge to the attainment of realistic objectives in a repeatable manner. The term "technology" can also refer to the end results of such endeavours, encompassing both material instruments like machinery or utensils and immaterial ones like software.
Technology is the application of knowledge to the attainment of realistic objectives in a repeatable manner. The term "technology" can also refer to the end results of such endeavours, encompassing both material instruments like machinery or utensils and immaterial ones like software.
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State 2 functions of an entrepreneur.
Answers
Answer:
taking the risk of developing new products or services.
successfully bringing new products and services into the marketplace.
FILL THE BLANK globalization has created a need for managers to understand culture differences in order to ___ employees around the world
Answers
Because of globalization, managers now need to be aware of cultural differences in order to motivate workers everywhere.
McGregor asserts that Theory X management believes the following: Most people find labor to be intrinsically unpleasant, and they will make every effort to avoid it. Most people like to be led and lack ambition and desire for responsibility.
According to Adams' Equity Theory, there should be a fair balance between an employee's "inputs" and "outputs" (hard work, skill level, acceptance, excitement, etc). (salary, benefits, intangibles such as recognition, and more). By giving employees clear, difficult goals, ensuring that they actually understand organizational goals, and giving regular, precise performance-related feedback, managers can use goal-setting theory to inspire their workforce.
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In one paragraph, describe two ways in which the Credit Card Accountability Responsibility and Disclosure Act (CARD Act) helps customers.
Answers
A consumer protection law called the Credit Card Accountability Responsibility and Disclosure Act of 2009 was passed to protect consumers from unfair business practices by credit card issuers. Increased disclosure of credit card terms and conditions, as well as limitations on associated fees and interest rates, are required to achieve this.
What is a Credit card?A bank or other financial institution issues a small, rectangular piece of plastic or metal known as a credit card, which allows its owner to borrow money in order to pay for goods and services at establishments that accept credit cards.
To protect the customers against unfair practice The Credit Card Accountability Responsibility and Disclosure Act (CARD Act) were passed.
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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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Someone please help!!!
Answers
Answer:
Dollar Tree = $5,643
Target = $11,297
Explanation:
For dollar tree, using the given equation:
13,501 = 7,858 + stockholder's equity
Stockholder's equity = 13,501 - 7,858
= $5,643
For target, using the given equation:
41,290 = 29,993 + stockholder's equity
Stockholder's equity = 41,290 - 29,993
= $11,297
Miller Park Stadium Project Case Study
Answers
Answer:
what about it lol there's no question
After Lynda's initial client assessment, she has noted that her client will require inventory management to avoid out-of-stock situations for their merchandise.
What business industry type does this best describe?
1) Professional services
2) Appointment-based services
3) Contractor/Field Services
4) Retail and e-commerce
Answers
Answer:
4) Retail and e-commerce
Explanation:
The retail industry comprises businesses that sell to the final consumers of goods and services. Examples of firms in the retail industry retail stores, supermarkets, banks, gas stations are all other businesses that sell to end consumers. The retail business requires inventory to sell to customers. Out-of-stock is a situation where a retail outlet has run out of a particular product or products to sell to customers. It results in customers being turned away and lost revenues.
eCommerce is business done via the internet. The retail industry has incorporated eCommerce in its operations.
Publishing the priority of every project and ensuring the process is open and free of power politics. Communicating which projects are approved. Deciding how organizational resources are allocated among the different types of projects. Constant scanning of the external environment to determine if organizational selection criteria need to be changed. Evaluating the progress of the projects in the portfolio.
Answers
Answer:
Deciding how organisational resources are allocated among the different types of projects.
Explanation:
All other stated are the responsibilities of the governance team while managing the portfolio system.
The governance team ensures that the best projects are chosen, further when they are chosen how they are implemented or how the other teams work on such projects is not the duty of governance team.
Basically governance team assures that best suitable projects are chosen.
They are chosen in the correct order, but do not ensure how shall the company invest in that project.
Which of the following statements is true regarding partnership operating distributions?
A. If a partner's outside basis is greater than the bases of the assets distributed in an operating distribution, the partner will recognize a gain.
B. If a partner's outside basis is greater than the bases of the assets distributed in an operating distribution, the partner will recognize a loss.
C. If a partner's outside basis is less than the bases of the assets distributed in an operating distribution, the partner will recognize a loss.
D. None
Answers
The following statement is true regarding partnership operating distributions If a partner's outside basis is greater than the bases of the assets distributed in an operating distribution, the partner will recognize a loss.
Capital distribution means a dividend paid by the delivery of property owned by the company, including shares of an owner-owned class or series of common stock owned by the company.
A Stirpes division of your property (sometimes called “by proxy”) means that your property is divided equally among your children, but not one of your children. If a person dies before you, their children (your grandchildren) inherit their parents' share.
Division of property is the division of property belonging to the deceased or acquired during the marriage as a result of death or dissolution of marriage.
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Suppose The government decides to increase taxes by 40 billion in order to increase social security benefits by the same amount if the MPC is 0.9 will aggregate demand increase decrease or remain unchanged in at current prices with this combined tax transfer policy
Answers
Answer:
Suppose the government decides to increase taxes by $40 billion in order to increase Social Security benefits by the same amount. If the MPC is 0.9, will aggregate demand increase, decrease or remain unchanged at current prices with this combined tax transfer policy? No change Increase in AD O Decrease in AD
What is the annual opportunity cost of a checking account that requires a $300 minimum balance to avoid service charges? Assume an interest rate of 3 percent. (Input the amount as a positive value.)
Answers
The annual opportunity cost of a checking account that requires a $300 minimum balance to avoid service charges is $9. Read below about the analysis of the annual opportunity cost of a checking
What is the annual opportunity cost of a checking account that requires a $300 minimum balance to avoid service charges?
The calculation goes thus;
Annual opportunity cost = Minimum balance × Interest rate
= $300 × 0.03
= $9
Therefore, the correct answer is as given above
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