Prepare a flexible budget performance report for March, assuming that March sales were \($221,000\). the flexible budget performance report for March with two different sales figures, as per the given data, are: \($10,670\) favorable and \($5,200\)unfavorable.
Variable Selling Costs Sales Commissions 6% of sales\(($234,000 × 6%) $14,040\) Advertising 4% of sales \(($234,000 × 4%) $9,360\)Travel 3% of sales\(($234,000 × 3%) $7,020 Delivery 2% of sales ($234,000 × 2%) $4,680\)Total variable selling costs \($35,100\)Fixed Selling Costs Sales Salaries \($45,500\) Depreciation on delivery equipment \($9,100\)Insurance on delivery equipment \($1,300\) Total fixed selling costs \($55,900\)
Total Selling Costs \($91,000\)Sales Revenue \($234,000\)Actual Selling Costs \($91,000\)Flexible budget variance\($(234,000 × 0.4) - $91,000 = $12,960\) FavorableSales Volume Variance \($(234,000 - 221,000) × 0.4 = $5,200\) Unfavorable.
To know more about budget visit:
https://brainly.com/question/31952035
#SPJ11
write a journal post with three things you might be able to do to go to college (or any other option you are considering after high school) without student loan debt?
Answer:
You can apply for scholarships, work in high school, and receive grants.
Explanation:
You can possibly graduate college without debt or little money owed back to a bank.
The first option is a scholarship, this money is usually only offered from a range of $500-fully paid tuition. You may have to apply to hundreds before you are granted some but they are offered from freshmen in high school all the way to almost graduating college.
Your second option is working, sophomore year is when you'd be able to get a job the earliest. Every paycheck you save about 20%, work all the way through college and you can save enough to pay for your first year, possibly second year of college. You could also work while you're a full-time student, it'd be hard work but it can be done.
Your third option, but not last is to apply for grants. This is basically free money, they differ from scholarships though. You do not have to pay grants back, and you can get sponsored by companies to pay your way through college.
Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
Costs of partially completed units are accounted for in ______.
The costs of partially completed units are accounted for in work in process.
What is work in process?In accounting, a work in process refers to a partially completed goods that are typically turned from raw materials to finished products within a short period of time
In conclusion, the costs of partially completed units are accounted for in work in process.
Read more about work in process
brainly.com/question/1967364
Discuss how scarcity of economic resources
leads to tradeoffs
Scarcity of economic resources requires individuals and societies to make tradeoffs by choosing between alternative uses of limited resources.
This scarcity necessitates making choices and tradeoffs. When resources are scarce, choosing to allocate them towards one particular use means sacrificing the opportunity to use them for alternative purposes.
For example, a government investing resources in building new infrastructure may have to reduce spending on healthcare or education. Individuals face tradeoffs as well, such as deciding between spending money on leisure activities or saving for the future.
These tradeoffs arise because resources are limited, and individuals and societies must make choices to allocate them in the most efficient and effective manner given their scarcity.
Learn more about Economic Resource here
https://brainly.com/question/30393911
#SPJ4
Which of these would be considered an environmental factor that affects consumer behavior? stage in life cycle perception personal motivation technology
Cultural norms would be seen as an environmental component influencing consumer behavior's.
The correct option is B.
What is Cultural norms?Social and cultural norms are guidelines or expectations of conduct and thought that are based on accepted values within a particular social or cultural group. Even though they are frequently unspoken, social norms define what is (and is not) acceptable conduct in interpersonal relationships.
What is the cultural norms theory?A mass communication theory that contends that particular modern concepts or ideals are presented and emphasised in the media on a selective basis. This idea contends that the media either reinforces or modifies norms.
To know more about cultural norms visit:
https://brainly.com/question/17101467
#SPJ4
Complete question is:
Which of the following would be considered an environmental factor that affects consumer behavior?
a) personal motivation
b) cultural norms
c) stage in the life cycle
d) perception
In managing its product portfolio, 3m demands that a specific percentage of its yearly sales come from new products introduced within the previous few years to better withstand external shocks and.
In managing its product portfolio, 3m demands that a specific percentage of its yearly sales come from new products introduced within the previous few years to better withstand external shocks and manage risk through diversification.
Demand is a monetary time period that refers to the number of products or services that purchasers want to buy at any given rate level. The mere choice of a client for a product isn't to demand. Call for includes the shopping electricity of the purchaser to collect a given product at a given length.
The rate of the coolest or carrier. The earnings of shoppers. The prices of related items or services—either complementary and purchased alongside a particular object or substitutes sold in preference to a product. The tastes or preferences of clients will pressure demand.
Call for is a representation of a consumer's desire to buy items and services; it acts as a size of a consumer's willingness to buy a particular proper or service at a given fee.
Learn more about Demand here https://brainly.com/question/4804206
#SPJ1
When fire alarm sounds. Why should you evacuate children immediately even if you do not see flames?
Answer: because even if there is no fire there could be an explosion, fire and gasoline WILL make an explosion. So Basically it can start with fire but soon turn into an explosion. If it's a fire DRILL then it's for practice if that actually does happen.
Identify the reasons why failure and success exist
Answer:
without failure and success the whole world will not exist. both of them play very important role
A riskier bond usually comes from a corporation that has a ______ (low/high) credit rating.
Investing in corporate bonds is riskier than in government bonds have high credit rating. Corporate bonds are debt securities that a firm issues and sells to investors.
What is Riskier bond?They provide greater rates of return since they are riskier bond than treasury bonds. The representative bank sells them. There are three different kinds of corporate bonds: high-yield or junk bonds, which are issued by corporations with a high risk of default.
Though officially stocks, preferred stocks behave more like bonds. They provide you with a set dividend on a regular basis. In the event of bankruptcy, they are somewhat less risky than stocks. Holders get payment after bondholders but before shareholders of ordinary stock. When a company needs financing, they issue bonds, which have higher interest yields than government bonds. The secondary market is where these bonds are exchanged.
To know more about Riskier bond, visit:
https://brainly.com/question/29469909
#SPJ1
which of the following statements is true? any governmental fund may have an unassigned fund balance the fund balance of permanent funds should be classified as nonspendable, spendable and committed. fund balances of debt service funds are classified as restricted and unrestricted. the principal of permanent funds are classified as nonspendable fund balance.
The statement that is true is option C, which states that fund balances of debt service funds are classified as restricted and unrestricted.
Debt service funds are used to account for the accumulation of resources to pay principal and interest on long-term debt. The fund balance of a debt service fund represents the excess of its assets over its liabilities, and it is classified as either restricted or unrestricted.
Restricted fund balances are those that are subject to external constraints or limitations, such as legal or contractual requirements. For example, a debt service fund may receive resources that can only be used to pay a particular debt obligation, and those resources would be classified as restricted.
Unrestricted fund balances, on the other hand, are not subject to external constraints and can be used for any lawful purpose.
Option A is incorrect because not all governmental funds may have an unassigned fund balance, as some funds may have a specific purpose or constraint placed upon their balance.
Option B is incorrect because permanent funds are not typically used for governmental operations and are not classified as nonspendable, spendable, or committed. Option D is incorrect because the principal of permanent funds is typically classified as nonspendable but not as a fund balance.
So, correct option is C.
To learn more about fund click on,
https://brainly.com/question/13488866
#SPJ4
types of shares in a business
Answer:
ordinary shares
non-voting shares
redeemable shares
preference shares
Explanation:
crazy what a quick go ogle search can do! :)
Which type of business does not hold owners accountable for the debts of
the business?
OA. Sole proprietorship
OB. LLC
OC. Partnership
A
OD. Private company
Answer:
Limited Liability Company (LLC)
Explanation:
A limited Liability Company (LLC) is a business structure in the United States that protects its owners from the personal responsibility for its repayment of debts and liabilities. It is a hybrid entity that has the characteristics of a corporation, partnership and sole proprietorship. The regulation of LLC's varies from one state to another. An entity or individual can be a member of an LLC with notable exceptions from banks and insurance companies. The primary reason for registering a business under LLC is to limit the personal liability of the owners as well as the partners. LLC may have some attractive features but they also possess some great disadvantages as well. Depending upon the state law, an LLC may be dissolved upon the death or bankruptcy of a member.
HELP I NEED SOMEONE`S ADVICE
Answer:
Ok so Here's my advice -
"If You can't do great things then, do small things in a great way"
Byee!
-Nezuko
What do you need advice for? Is this a specific issue or are you just wanting advice in general?
The characteristic of successful supervisors that involves listening to what employees have to say is known as
a surplus occurs whenever: group of answer choices the price is below the equilibrium quantity. the quantity supplied is less than the quantity demanded. the quantity supplied is greater than the quantity demanded. the government places a binding price ceiling. the government places a nonbinding price floor.
A surplus occurs whenever the quantity supplied is greater than the quantity demanded. Hence, the correct answer is option C.
What is Surplus?In economics, the term surplus refers to a situation in which there is a surplus quantity of a commodity or service available in the market after all customers' demands are met at the prevailing market price. It happens when the quantity supplied exceeds the quantity demanded.
It is an indication of inefficient allocation of resources, which could lead to financial losses for both producers and customers.
In the given question, you have to identify the scenario in which a surplus occurs. A surplus happens when the quantity supplied is greater than the quantity demanded. Hence, the correct answer is option C.
The other options can be explained as follows:
The price is below the equilibrium quantity: This condition represents a shortage in the market, where the quantity demanded exceeds the quantity supplied. It does not lead to a surplus.The quantity supplied is less than the quantity demanded: This scenario depicts a shortage in the market, and it is the exact opposite of a surplus. It means that the quantity demanded exceeds the quantity supplied.The government places a binding price ceiling: A binding price ceiling is a government-imposed limit on how high a product's price can be charged. It results in a shortage, not a surplus.The government places a nonbinding price floor: A nonbinding price floor is a government-imposed minimum price that a product cannot sell below. It does not result in a surplus.To know more about surplus, click on the link below:
https://brainly.com/question/15416023#
#SPJ11
introduce national employment with its importance and examples
Answer:
national employment. Employment created and provided by a national employer, business, company, enterprise, organization or national unity government in various areas of a country. National employment is a vital part of an economic system.
Explanation:
Employment created and provided by a national employer, business, company, enterprise, organization or national unity government in various areas of a country. National employment is a vital part of an economic system.
Which settings would convert the information below into the table below?
Type of Animal Number of Children's Favorite
Whale-12
Tiger → 3
Lion 4
Elephant 6
Monkey 8
Giraffe 2
The settings that would convert the information given above is autofill to content.
What is autofill to content?Autofill to content refers to a feature in some software applications that automatically fills in or completes a form or field based on previously entered information or data. The goal of autofill to content is to save time and effort by automatically entering information that is likely to be the same for each new form or field.
For example, autofill to content can be used to automatically enter a user's name, address, phone number, and other contact information in a web form. When the user begins typing the first letter of their name or address, the software will suggest the rest of the information based on previous entries, allowing the user to select the correct information from a drop-down list and then automatically fill in the remaining fields.
To learn more about autofill refer
https://brainly.com/question/1178135
#SPJ1
write any five different between of profession and professional education.
Answer:
Profession is a field or work of life,which you choose in order to become a professional of that field. For example, Teaching is a profession and am a teacher which makes me a professional of that
Gina has decided that she wants to be an auditor. What should she do in order to best prepare herself for this position?
A. Obtain experience in leadership and management
B. Gain a master of business administration degree
C. Gain a master of accountancy degree
D. Complete a one to two year supervised internship
Answer:obtain a bachelors degree in accounting
Explanation:
If you buy a security at $1,000, and it yielded you $1,080 after one year, what was the ROI?
8%
1080%
80%
180%
Answer:
the answer is c because i took the test
Hlp please hlp
Answer:
i think its either overt or rigid
Explanation:
Answer:
unspoken
Explanation:
got it right on plato
Financing options for post-secondary education:
a
Are limited for many students across the country.
b
Include scholarships, grants, student loans, and work study.
c
Are very expensive and outweigh the value of the education attained.
Answer:
B.
Explanation:
Federal grants can be defined as financial aid or grants provided by the US grants from the general federal revenue. These grants are provided by the government for various purposes, and one of those purposes are for monetary help for college and education.
The ways in which federal grants or financial assisstance is provided to students is through scholarships, grants, student loans, and work study.
Scholarships are based on academic merit, talents, etc. It is a type of free education that can be earned if students excel in their studies.
Grants is a financial aid that does not need to be repaid unless service, which is promised in return of grant, is done. Example of grants are TEACH, FSEOG, etc.
Work study are those financial aids that helps students to earn on their own for their fees by doing a part-time job.
So, the correct answer is option B.
Which example does not describe a bank asset category? a) Bonds b) Loans c) Reserves d) Deposits. d) Deposits
Deposits does not identify a type of bank assets.
How would you define assets?Your possessions are your assets if you can sell them for cash. Any asset that an entity owns or manages serves as an asset in accounting. Something that may be sold for pay qualifies. We may assess the equity value by looking at a balance sheet's inventory and debts.
What classifies as an asset?An asset class is a collection of investments that share similar traits and are governed by the same rules and laws. Common examples of asset types are equities, fixed-income assets, cash and equivalents, real estate, materials, and currencies.
To know more about assets visit:
https://brainly.com/question/13848560
#SPJ1
lick to review the online content. Then answer the question(s) below, using complete sentences. Scroll down to view additional questions.
Online Content: Site 1
What is your role in motivating yourself? What role can others play to help motivate you and help you stay engaged in school?
Answer:
What is your role in motivating yourself?
My role is to stay positive and rewarding myself. By rewarding myself and staying positive I have a motive to do something. Instead of doing nothing and just be unmotivated, I'll reward myself with breaks or snacks when doing something. For example, if I'm writing a paper I'll tell myself something rewarding which will help me stay motivated.
What role can others play to help motivate you and help you stay engaged in school?
Others can help encourage me and reward me. By doing this I'll stay motivated if I get rewarded.
The questions can be answered thus:
1. I play a crucial role in motivating myself. In fact, if I do not motivate myself, no one can do that for me. So, through studying and learning from experts, I can be motivated.
2. Others also play an important role in motivating me. Parents, teachers, and friends through pieces of advice and good examples can motivate me to become a better person.
Motivation is the act of moving a person to change and improve positively. Motivation starts with the individual himself who realizes that he needs to change.
Others also play a role in motivating a person.
Learn more about motivation here:
https://brainly.com/question/11871721
In a monopolistically competitive market, a. the entry of new firms creates externalities. b. the absence of restrictions on entry by new firms ensures that there will be no deadweight loss. c. there are always too many firms in the market relative to the socially-optimal number of firms.
Better choose A variant
Suppose Tesla Corp. is considering the purchase of additional equipment for $5 million at the end of 2020 , and this equipment would be depreciated using simple straight line method for 5 years starting in 2021. Tesla's current projected Net Income is $39 million in 2020, and $77 million in 2021 , and a tax rate of 35%. If Tesla goes ahead with this additional purchase, what would be its new projected Net Income in year
2021
? (Assume the equipment is paid for out of cash.) Answer in million dollars and round your answer to 2 decimals.
If Tesla goes ahead with the purchase of additional equipment, its new projected net income in 2021 would be $50.4 million.
The new projected Net Income for Tesla in 2021, if it goes ahead with the purchase of additional equipment, can be calculated by considering the impact of depreciation on its net income.
1. Determine the depreciation expense per year:
Since the equipment will be depreciated using the simple straight-line method for 5 years starting in 2021, we need to find the annual depreciation expense.
The cost of the equipment is $5 million, and it will be depreciated evenly over 5 years. Therefore, the annual depreciation expense will be $5 million / 5 years = $1 million per year.
2. Calculate the taxable income:
To calculate the taxable income, we need to deduct the depreciation expense from the projected net income.
In 2021, Tesla's projected net income is $77 million. Subtracting the depreciation expense of $1 million, we get $77 million - $1 million = $76 million in taxable income.
3. Calculate the taxes payable:
The tax rate for Tesla is given as 35%. To find the taxes payable, we multiply the taxable income by the tax rate.
$76 million * 35% = $26.6 million in taxes payable.
4. Calculate the new projected net income:
To calculate the new projected net income, we subtract the taxes payable from the projected net income.
$77 million - $26.6 million = $50.4 million.
Therefore, if Tesla goes ahead with the purchase of additional equipment, its new projected net income in 2021 would be $50.4 million.
It's important to note that this calculation assumes that there are no other significant changes or factors affecting Tesla's net income in 2021.
Additionally, rounding the final answer to 2 decimal places gives us $50.40 million.
To know more on Taxes visit:
https://brainly.com/question/23347326
#SPJ11
Which option should be used to commit a record in an Access table?
Press Esc.
Select Undo.
Press Ctrl+Z.
Move to a new record.
EDGE
Answer:
D)Move to a new record.
Explanation:
this is what I narrowed it sown to
edg 2021
Answer:
the answer is D
Explanation:
edge 2022
countertrade is a logical choice when a country's currency is blank______.
Countertrade is a logical choice when a country's currency is scarce or not readily convertible.
Countertrade refers to a type of international trade in which goods or services are exchanged directly without the use of currency. It can be utilized when a country's currency is limited in availability or when there are restrictions on its convertibility.
In such cases, countertrade allows countries to engage in trade by exchanging goods or services of equal value instead of relying solely on monetary transactions.
Countertrade offers a way to overcome currency constraints and promote trade relationships between countries. It can take various forms, such as barter arrangements, offset agreements, buyback agreements, or counterpurchase agreements.
These arrangements provide flexibility and alternative means of conducting international trade when traditional currency-based transactions may not be feasible.
To know more about Countertrade refer to-
https://brainly.com/question/30764450
#SPJ11
the first step in the controlling process is to monitor and record the actual results.
The correct answer is False, as the first step in the controlling process is to monitor and record the actual results.
What is a controlling process?Controlling process is one of the most crucial management roles and the main goal is to guarantee that an organization's activities keep going as planned. The control procedure that all managers must follow consists of numerous phases. Each of these factors is equally vital and plays a significant part in good management. The management control process guarantees that every operation of a corporation advances its aims. This process assists managers in analyzing the performance of their organization. They may determine whether to adjust their ideas or stick with them if they use it successfully.
To know more about controlling process visit the link
https://brainly.com/question/14326918
#SPJ4
Terrance lives in an area that is expensive, but he does not want to move. When looking at a career, what should Terrance consider? He should choose a career cluster that will allow him to support himself. He should pick a career that speaks to his heart and worry about the finances later. He should ask his family to help support him. He should not worry because he can dictate how much money he will earn.
Answer:
He should choose a career cluster that will allow him to support himself.
Explanation: