1) Variable Costing:
Sales: $300,000
Cost of Goods Sold: $45,000
Operating Income: $217,500
2) Absorption Costing:
Sales: $300,000
Cost of Goods Sold: $145,000
Operating Income: $60,000
To calculate the budgeted fixed cost per unit, we divide the total budgeted fixed costs by the budgeted production in units.
Budgeted fixed cost per unit = Budgeted fixed costs / Budgeted production in units
Budgeted fixed cost per unit = $100,000 / 500 units
Budgeted fixed cost per unit = $200
1) Variable Costing:
Sales = Selling price per unit × Expected sales per unit
Sales = $1,500 × 200 units
Sales = $300,000
Cost of Goods Sold (Variable Costing) = Budgeted VC per unit × Expected sales per unit + Variable operating costs per unit × Expected sales per unit
Cost of Goods Sold = $150 × 200 units + $75 × 200 units
Cost of Goods Sold = $30,000 + $15,000
Cost of Goods Sold = $45,000
Operating Income (Variable Costing) = Sales - Cost of Goods Sold (Variable Costing) - Variable operating costs per unit × Budgeted production in units
Operating Income = $300,000 - $45,000 - $75 × 500 units
Operating Income = $300,000 - $45,000 - $37,500
Operating Income = $217,500
2) Absorption Costing:
Cost of Goods Sold (Absorption Costing) = Budgeted VC per unit × Expected sales per unit + Variable operating costs per unit × Expected sales per unit + Fixed manufacturing costs per unit × Budgeted production in units
Cost of Goods Sold = $150 × 200 units + $75 × 200 units + $200 × 500 units
Cost of Goods Sold = $30,000 + $15,000 + $100,000
Cost of Goods Sold = $145,000
Operating Income (Absorption Costing) = Sales - Cost of Goods Sold (Absorption Costing) - Fixed operating costs
Operating Income = $300,000 - $145,000 - $95,000
Operating Income = $60,000
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What are the personal entrepreneurial competencies of a successful entrepreneur?.
All entrepreneurs should have the following skills:
• Personal Skills:
These skills include creativity, determination, integrity, tenacity, emotional balance, and self-criticism.
• Social skills:
These competencies include communication, commitment/charisma, delegation and respect.
• Business Skills:
These competencies include business vision, resource management, networking, and negotiation skills. Entrepreneurship is the set of skills and behaviors required to start, develop, manage and grow a business. This includes the ability to manage the risks associated with running a business.
Being innovative and creative is important, but being competent is essential to business growth. These can be achieved through training, learning new skills, attitudes, personal relationships, initiative and information seeking to achieve entrepreneurial goals. Identify strengths and weaknesses.
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what is nursing ?why is it needed?
Answer: What type of nursing?
A customer purchases two chairs at $249.99 each and would like them to be delivered. Your company charges $60 for delivery, and the state imposes a 6% sales tax on furniture, but not on the delivery charge. What is the total amount due from the customer?
Answer:
$589.98
Explanation:
Total amount due = costs of the two chairs+ tax + delivery charges
cost of the two chairs = $249.99 x 2 = $499.98
+
tax = $499.98 x 0.06 = $29.99
+
delivery = 60
= $589.98
Franklin reviews financial data of a company to ensure accurate and complete information. Which job title does he most likely have?
Answer:
accountant
Explanation:
They go over money and financial data to help the company know how much money is brought in and out.
overuse of a common resource may be avoided by all of the following methods except a. charging for the use of a common resource. b. issuing tradable permits for the use of a common resource. c. government taking over ownership of all private common resources. d. setting quotas or legal limits on the quantity of the common resource consumed.
The only method that can not help in avoiding overuse of common resource is c. government taking over ownership of all private common resources.
A common resource is one that is available to everyone. Even if it took ownership, the government would still be forced to misuse the resource. For instance, if the resource was a forest full of timber-producing trees, the government would overuse it by felling an excessive number of them. Private ownership of public resources frequently protects them against abuse, as opposed to government control, which is not always effective, of usage.
Any approach that motivates companies to safeguard the resource over the long run. Option A may be appropriate since charging for access to the resource will stop too many users. Option B would also set usage restrictions and provide incentives for preserving the resource for later use. Option D also places restrictions on usage and is frequently employed to stop excessive fishing in lakes and streams.
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identify the following as either causes or effects of domestication. keep in mind that some choices might be both causes and effects.
The causes of domestication are:
Natural climate change
Population growth
What does domestication mean in business?Domesticating a business includes relocating an established business to a new state. Domestication is the process of changing your company's residence and charter to a different state. When a company organization gets domesticated, its prior location is given up in favor of a new one in a state that permits it.
Domestication permits the business to keep its original date of incorporation, its current federal tax identification number, bank accounts, licenses, and lines of credit. Domestication is the process by which a business or nonprofit entity that is established, organized, or otherwise constituted under the laws of one jurisdiction (U.S. state or foreign country), transfers its domicile to another jurisdiction through merger, consolidation, or any other legitimate way.
The effects of domestication are:
Development of cities
Population growth
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.5 In IT projects, quality controls are crucial to ensure fitness for purpose of the endproduct. Briefly argue the need and relevance of a project quality plan, then state and justify at least three relevant tools and/or techniques necessary to ensure quality control for this project.
The need and significance of an undertaking quality arrangement in IT projects couldn't possibly be more significant. A venture quality arrangement fills in as a guide for accomplishing and keeping up with the ideal degree of value in the final result. It frames the quality targets, norms, and cycles that should be followed all through the task's lifecycle.
The following are three pertinent apparatuses and methods important to guarantee quality control in an IT project, alongside their avocations:
Test-driven improvement (TDD): TDD is a product improvement approach that stresses composing mechanized tests prior to composing the genuine code. By following TDD, designers can guarantee that the code meets the normal usefulness and breezes through the predefined assessments.
Code surveys: Code audits include having other colleagues survey the code composed by a designer to distinguish expected issues, guarantee consistence with coding principles, and give input to progress.
Client acknowledgment testing (UAT): UAT includes testing the product with end-clients in a genuine or mimicked climate to guarantee that it meets their necessities and assumptions.
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How does decreasing your credit card balance affect your income statement? (1 point)
It increases your monthly expenses, increasing the amount you spend each month.
It increases your monthly expenses, giving you more money to spend on other things.
It decreases your monthly expenses, increasing the amount you spend each month.
It decreases your monthly expenses, giving you more money to spend on other things.
The way in which decreasing your credit card balance would affect your income statement is that: D. It decreases your monthly expenses, giving you more money to spend on other things.
What is a credit card?A credit card simply refers to a small, rectangular flat card that is issued by a financial institution to its eligible customers, in order to avail them an opportunity to purchase goods and services on credit, especially based on the agreement that this amount of money would be paid back at a specific time and interest rate.
Generally speaking, a credit card balance can be defined as the total amount of money that an individual owe his or her credit card company. This ultimately implies that, a decrease in credit card balance would cause a decrease in monthly expenses, which avails the credit card holder more money to spend on other things.
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Answer: 1. a loan from one entity electronically matched to another entity without a financial institution in the middle
2. a payday loan
3. an unsecured installment loan
4. It decreases your monthly expenses, giving you more money to spend on other things.
5. Determine or estimate the current value of everything you own.
6. Their ability to repay a loan
7. your prior record of paying your bills and paying off your debts
8. your age and gender
9. You can request one online or over the phone.
10. He should contact the credit bureau that issued the credit report, the companies that issued the seven fraudulent cards, his local police, and the federal government at identitytheft.gov.
11. -the lender that provided the incorrect information
-the credit bureau that prepared the report
12. right away
13. She won a $20 billion settlement for California homeowners whose homes were inappropriately foreclosed on.
14. The longer the term, the more you will pay in interest.
15. It will cost you less money overall.
16. A store credit card generally comes with a higher interest rate.
17. You will save money if you pay the balance off quickly.
18. -Clarifying the confusing language found on credit card applications.
-Forcing lending companies to disclose interest rates and hidden fees.
19. It banned credit card companies from raising interest rates after missed payments.
20. -a fixed annual charge for the use of a credit card
-a charge if the minimum payment is not paid by the due date
21. paying off the balance before interest can accrue
22. $30
23. Determine which card has the higher interest rate and pay the extra money to that card first.
Explanation: All these answers are correct!
Careers in the Hospitality and Tourism career cluster are
O highly desirable and pay high wages.
O bountiful and expected to continue to grow.
O seldom desirable and pay low wages.
O limited and expected to continue to decline.
Answer:
B
Explanation:
Edge
Careers in the Hospitality and Tourism career cluster are bountiful and expected to continue to grow. Thus option B is correct.
What are Careers?Career sectors are means of classifying various career kinds based on shared characteristics. People can use these criteria to help them focus their job options and select a suitable path.
A collection of occupations that emphasize giving people food, lodging, aid to travelers, and enjoyable activities. The abundance of jobs in the travel and hospitality career cluster is anticipated to persist.
The planning, management, and provision of lodging, dining, entertainment, conferences, and tourism, as well as related arranging and community programs including transport services, are all part of a the hospitality and tourism employment cluster. Therefore, option B is the correct option.
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What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUIn which type of economy is a business owner most likely to benefit from free enterprise?
A.Traditional Economy
B.Mixed Economy
C.Market Economy
D.Command Economy
Expliquen la siguiente frase:
El mero crecimiento económico no es suficiente para terminar con la pobreza y preservar el medio ambiente
Answer:
Efectivamente, el mero crecimiento económico no es suficiente para terminar con la pobreza y preservar el medio ambiente, sino que dicho crecimiento debe ir acompañado de un desarrollo estructural que contemple el acceso igualitario a los distintos servicios por parte de la sociedad, así como también el establecimiento de controles sanitarios y medioambientales que preserven el bienestar de los individuos en el marco del desarrollo de las actividades económicas.
Jacob is looking to buy some car insurance and is reviewing different policies from several different agencies. The first policy he sees costs$750 for the upcoming year and is worth $10000 if he gets in a collision.After doing some research, he estimates that he has a 8% of getting in acar accident for that year. What is the expected value of buying this insurance policy
The expected value of buying this insurance policy is $50.
The expected value of buying the insurance policy is the weighted average of probabilities of the cost of the insurance and the cover if Jacob gets into an accident.
If Jacob gets into an accident and is covered, his payout will be:
= benefit - cost
= 10,000 - 750
= $9,250
The probability of this happening is 8%.
If Jacob does not get into an accident he would lose the $750 he paid in insurance premiums. The probability of this happening is:
= 100% - 8%
= 92%
The expected value of the insurance is:
= (probability of accident * payout if there is an accident) + (probability of no accident * payout if there is no accident)
= (8% * 9,250) + (92% * -750)
= $50
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Question 1 (1 point) Journalist Thomas Friedman's description of the world as "flat" refers to the: Saved OA) reduction of economic and cultural advantages of developed countries. B) use of the Internet for instantaneous communication. C) reduction in travel times and the ubiquity of global exchange and travel. OD) growth of globalization. E) increased use of global currencies.
The correct answer is C) reduction in travel times and the ubiquity of global exchange and travel.
Thomas Friedman's concept of the world being "flat" refers to the idea that advancements in technology and transportation have greatly reduced barriers and distances between countries, making global exchange and travel more accessible. It encompasses the idea of a connected and interconnected world where information, goods, and people can flow more freely. The reduction in travel times and the ease of global exchange are key elements of Friedman's "flat world" concept.
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a trader buys 10 OEX 300 call options at 4.5. The OEX index is currently selling at 290. How much must the trader pay for the option
The trader has to pay $4,500 for 10 OEX 300 call options.Let us calculate the amount the trader has to pay for 10 OEX 300 call options.We know that;Strike Price = $300Premium per contract = $4.5
Now, premium per contract is given. Therefore, we need to calculate the premium for 10 OEX 300 call options using the following formula:P = Premium per contract × Number of contracts = $4.5 × 10 = $45Premium is the amount that the option buyer pays to the option seller for the right to buy/sell the underlying asset at the strike price before the expiration date.
This means that the trader will pay a total premium of $45 for 10 OEX 300 call options.The amount the trader has to pay for the option is $4,500 as the trader is buying 10 OEX 300 call options, with each option having a premium of $4.5. Thus, the total amount is:$4.5 × 10 × 100 = $4,500.
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2. Which country is the top foreign holder of U.S. federal government debt?
a. Germany
b. United Kingdom
c. Japan
d. China
Which best describes the role of a consumer?
A) buying goods
B) making products
C) providing products
D) supplying services
During the stage, managers fail to recognize the internal or external changes that will harm their companies.
suppose that in a new classical model the public anticipates that policymakers will increase aggregate demand. however, aggregate demand increases by less than what the public anticipated. the result in the short run is that real gdp and the price level .
Suppose that in a new classical model the public anticipates that policymakers will increase aggregate demand. however, aggregate demand increases by less than what the public anticipated. the result in the short run is that real GDP decreases and the price level increases.
Policymaker is a broad term that covers all of the humans responsible for formulating or amending the policy. At a countrywide degree inside the united kingdom, this includes Ministers, their advisers, civil servants, officially appointed leader clinical Advisers, Parliamentary Committee participants, MPs, Lords, and all of their advisory staff.
Someone who's liable for or involved in developing plans of action for a political party, enterprise, and so forth. Policymakers must remember the proof of the regulation's capability financial impact.
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Which of the following is not a benefit of using a switch?
It is capable of filtering undesired packets.
O It is more complex than a router.
O It is more complex than a hub.
They direct packets instead of just broadcasting them to the whole network.
Answer:
The statement "It is more complex than a hub" is not a benefit of using a switch, but rather a characteristic or disadvantage. Switches are generally considered more complex than hubs because they have more advanced features, such as the ability to filter and direct packets to specific devices. However, this complexity can also make them more expensive and difficult to configure.
Explanation:
Which area is particularly challenging when recruiting workers for small businesses?.
The area that is particularly challenging when recruiting workers for small businesses is compensation.
What is compensation?It should be noted that compensation simply means how much they workers will be paid as how to motivate them.
In this case, the area that is particularly challenging when recruiting workers for small businesses is compensation.
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a tax-exempt organization that receives its support primarily from a large number of individuals or corporations and a relatively small amount from investment income is called a: group of answer choices voluntary health and welfare organization. private foundation. public charity. public foundation.
A public charity is a tax-exempt organization that receives a significant portion of its support from the general public or government. It typically provides services or benefits to a wide range of individuals or groups in need, such as education, healthcare, or disaster relief.
In contrast, a private foundation is a tax-exempt organization that primarily receives its support from a single individual, family, or corporation, and generally makes grants to other organizations rather than directly providing services. Therefore, based on the given information, the correct answer would be a public charity.
A tax-exempt organization that receives its support primarily from a large number of individuals or corporations and a relatively small amount from investment income is called a: public charity.
A public charity is a nonprofit organization that typically engages in activities related to the public benefit, such as education, healthcare, or social services. As a tax-exempt organization, it is exempt from paying federal income tax on its income, and donors can also claim tax deductions for their contributions. This type of organization relies on donations from a broad range of sources to maintain its charitable status and ensure diverse financial support.
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Disadvantages of choosing a job that is extremely popular or in demand
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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at what age can you withdraw from 401k without paying taxes
Answer:
around the age 59 1/2
Explanation:
The withdrawls will be subject to ordinary income tax, based on your tax bracket.
in the case of a budget constraint for two normal goods, x and y, an increase in a consumer's income will _____.
Answer:
-shift the budget constraint to the right
-have the same effect as a decrease in the price of both X and Y
Explanation:
What will most likely cause a lender to approve credit?
O A historic credit score of 500
O Most payments paid on time
O A large amount of debt owed
O A long credit history with high balances
Answer:
Most payments paid on time.
Explanation:
The more you pay off the higher your credit score get the more you can buy.
Most payments paid on time, most likely cause a lender to approve credit. Thus, option (b) is correct.
A lender is less likely to approve loans if you have a 500 credit score historically and a lot of debt. Lenders take into account variables including credit score, payment history, debt-to-income ratio, and length of credit history when determining a borrower's creditworthiness.
Hard credit inquiries that are often needed for mortgage pre-approval can lower a buyer's credit score by five points or fewer. It is advised that throughout the underwriting process, borrowers refrain from opening any new credit lines or taking out any loans, since this could have an impact on the result.
As a result, the significance of the payments paid on time, most likely cause a lender to approve credit are the aforementioned. Therefore, option (b) is correct.
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Use the following information to answer the question. There are three firms in an economy: X, Y, and Z. Firm X buys $200 worth of goods from Y, and $300 worth of goods from firm Z, and produces 250 units of output at $4 per unit. Firm Y buys $150 worth of goods from firm X, and $250 worth of goods from firm Z, and produces 300 units of output at $6 per unit. Firm Z buys $75 worth of goods from firm X, and $50 worth of goods from firm Y, and produces 500 units at $2 per unit. Given this information, what is the economy’s GDP?
Answer:
$2,775
Explanation:
The computation of the GDP of the economy is given below:
But before that the total value sold by three firms would be determined
Total amount of goods sold by X:
= X sells to Y + X sells to Z
= $150 + $75
= $225
Total amount of goods sold by Y:
= Y sells to X + Y sells to Z
= $200 + $50
= $250
Total amount of goods sold by Z:
= Z sells to X + Z sells to Y
= $300 + $250
= $550
Now
Amount of goods generated by X
= units of output × cost per unit
= 250 units × $4
= $1,000
Value of goods generated by Y
= units of output × cost per unit
= 300 units × $6
= $1,800
Value of goods generated by Z
= units of output × cost per unit
= 500 units × $2
= $1,000
Now GDP is
= [Goods generated by X - Valued added by X] + [Goods generated by Y - Value added by Y] + [Goods generated by Z - Value added by Z]
= [$1,000 - $225] + [$1,800 - $250] + [$1,000 - $550]
= $775 + $1,550 + $450
= $2,775
which account is prepared before balance sheet ?
Answer:
Balance sheet is prepared after ascertaining net profit and net loss from profit and loss account. It is the summary of the personal account and real accounts having debit and credit balances.
A massage therapist is part of what career area?
A-Personal care services
B-Therapeutic services
C-Diagnostic services
D-Support services
Task 5: Absolute and relative purchasing power parity 5a) Formulate the absolute and the relative purchasing power parity and explain what you can make statements about with it. 5b) Formally represent the relative purchasing power parity. 5c) Why does relative purchasing power parity find more empirical support?
5a) Absolute Purchasing Power Parity (PPP) allows statements about long-term exchange rate movements, while Relative Purchasing Power Parity (RPPP) allows statements about short-term exchange rate movements and the impact of inflation on currency values.
5b) The formal representation of Relative Purchasing Power Parity (RPPP) is S1/S0 = (P1/P0), where S1/S0 represents the exchange rate between two currencies at time periods 1 and 0, and P1/P0 represents the ratio of price levels between the two countries at the same time periods.
Absolute Purchasing Power Parity (PPP) is based on the idea that the exchange rate between two currencies should be equal to the ratio of their price levels. It assumes that identical baskets of goods should cost the same in different countries. Absolute PPP allows us to make statements about long-term exchange rate movements. If the actual exchange rate deviates from the PPP exchange rate, it suggests that there might be a potential misalignment in currency values.
Relative Purchasing Power Parity (RPPP), on the other hand, compares the changes in price levels between two countries over time. It suggests that the exchange rate between their currencies will adjust to reflect the difference in inflation rates. RPPP allows us to make statements about short-term exchange rate movements and provides insights into the impact of inflation on currency values.
Formally, RPPP is represented as:
S1/S0 = (P1/P0)Where S1/S0 represents the exchange rate between two currencies at time periods 1 and 0, and P1/P0 represents the ratio of price levels between the two countries at the same time periods.
Relative Purchasing Power Parity finds more empirical support because it focuses on comparing changes in price levels and inflation rates. These factors are more dynamic and subject to adjustments in the short run. In contrast, absolute PPP assumes long-term equilibrium, which may not hold due to various factors such as trade barriers, transportation costs, and non-tradable goods. Therefore, RPPP provides a more realistic framework for analyzing short-term exchange rate movements.
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