When units produced are less than units sold, net income computed under variable costing will be: Greater than net income computed under absorption
What is Variable Costing?Variable costing is a cost accounting method for calculating production expenses where only variable costs are included in the product cost. The formula of variable costing only considers the direct cost and other variable manufacturing expenses incurred on each product unit.
Variable Costing Formula-
Variable costing is calculated as the sum of direct labor cost, direct raw material cost, and variable manufacturing overhead divided by the total number of units produced.
Variable costing formula = (Direct Labor Cost + Direct Raw Material Cost + Variable Manufacturing Overhead)/Number of Units Produced.
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Monetary payments made by individuals, firms ,and governments for the use of others' land, labor, capital, and entrepreneurial ability are?
Monetary payments made by individuals, firms, and governments for the use of land, labor, capital, and entrepreneurial ability owned Explicit Cost (also known as accounting costs).
What is Explicit Cost ?Explicit cost refers to the cost incurred on account of purchase of factor and non factor inputs from the market.
Explicit cost is a payment made to others during the course of running a business that represents the outflows of cash in clear and obvious terms. Explicit costs include things like wages, mortgage, rent, utilities, advertisements, raw materials and other general, administrative and sales costs.
The condition of explicit costs is that it must be cash. If an accountant included amortization or depreciation under explicit costs, it would be inaccurate.
Here is a look at how explicit costs are calculated:
Explicit costs = cash outflows from the company's financial statement
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Companies like my gym, which seek to do business in new markets for manufacturing and/or marketing purposes, have many potential ________ at their disposal.
Companies like my gym, which seek to do business in new markets for manufacturing and/or marketing purposes, have many potential Entry modes at their disposal.
What is Manufacturing?Manufacturing is the process of creating or producing items with the aid of resources such as machinery, manpower, tools, chemicals, or biological formulations. It is the core of the economy's secondary sector. The phrase can be used to describe a variety of human endeavors, from handicraft to high-tech, but it is most frequently used to describe the industrial design, which entails the massive transformation of raw materials from the primary sector into completed commodities.What exactly is marketing?The act of finding, creating, and providing value in the form of products and services to meet the demands of a target market is known as marketing; it may also involve choosing a target audience.Brand marketing is a strategy for advertising your entire brand in addition to your product or service. In essence, it emphasizes your entire brand while telling the story of your business or product.Learn more about manufacturing or marketing here:
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Carrie billed her legal clients $6,000 for legal work completed during the month. This
transaction will
not be recorded until the cash is collected.
O cause a $6,000 increase in assets and revenues.
cause a $6,000 increase in revenues and liabilities.
cause a $6,000 increase in revenues and a decrease in liabilities.
The fact that Carrie billed her legal clients an amount of $6,000 for legal work means that the transaction will cause a $6,000 increase in assets and revenues.
What is the effect of service revenue?When a person receives service revenue like Carrie did when she billed her clients, this would increase the revenue amounts to the company.
Revenues would therefore increase which means that equity increases as well because revenues are the main source of net income, which become retained earnings, which is an equity account.
When equity increases, assets will have to increase which will happen here because Carrie will treat her clients as Accounts receivable which is considered an asset.
In conclusion, option B is correct.
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If a monopolistically competitive firm's demand curve is shifting to the left, it will stop when?
If a monopolistically competitive firm's demand curve is shifting to the left, it will stop when: firms stop entering the industry
This is further explained below.
What is the industry?Generally, An industry is a set of firms that are considered to be in some way comparable due to the principal commercial activity that they engage in. There are hundreds of different ways to classify industries in contemporary economies. The various kinds of businesses are often organized into broader groups that are referred to as sectors.
In conclusion, If a monopolistically competitive company's demand curve is migrating to the left, it will cease doing so when the following occurs: businesses stop joining the industry.
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____________ is the disclosure by an employee of confidential information that relates to some danger, fraud, or other illegal or unethical conduct connected with the workplace, be it of the employer or of fellow employees.
Whistleblowing is the disclosure by an employee of confidential information that relates to some danger, fraud, or other illegal or unethical conduct connected with the workplace, be it of the employer or of fellow employees.
An individual, frequently an employee, who divulges information about conduct inside a private or public organization that is thought to be unlawful, immoral, illegitimate, dangerous, or fraudulent is known as a whistleblower.
Whistleblowers can share information or accusations through a variety of internal or external avenues.
A whistleblower may also make allegations public by speaking with other groups like the press, the government, or law enforcement.
Both the public and private sectors are susceptible to whistleblowing.
Whistleblowers face a significant risk of retaliation since they frequently pay a high price for raising the alarm. The most typical form of revenge is the unexpected termination of a job.
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You are the recipient of an inheritance that will pay you and your heirs $40,000 per year forever. What is this inheritance worth today at a discount rate of 6. 75 percent?
Present Value of a Perpetuity = Annual Payment ÷ Discount Rate
=$40,000 ÷ 6.75
=$ 5925.92
Present inheritance = $5925.92
What does receiving an inheritance mean?
An inheritance is the collection of assets you might receive from a loved one when they pass away. It can include such things as: Cash. investment assets such as stocks or bonds. Real property, including land and real estate.
What is a beneficiary of an inheritance?
Beneficiary is the legal term for someone who will inherit assets from you, regardless of whether the asset has a beneficiary designation on it or not. Another commonly used term is heir, although in legal terms, this refers to the family members who inherit under state law from those who pass away without a will.
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What standard describes uniform, enterprise-wide cabling systems, regardless of who manufactures or sells the various parts used in the system?
Uniform, employer-wide cabling structures, no matter who manufactures or sells the diverse elements used in the system of gadget.
An employer analytics method allows companies to discover the equipment and techniques they need to installation to work with these large facts units and extract meaningful insights from them that can be used to tell enterprise choices. It needs in order to exchange over the years to meet evolving commercial enterprise needs.
Enterprise cabling structures are going through a big paradigm shift. inside the past, one of the principal capabilities of a cabling device changed into to attach the laptop and IP telephone in workstations to the business enterprise community spine. that is swiftly
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Access to lifesaving medicine is very limited in parts of africa; as a result, over 10 percent of children do not reach the age of five. What effect would this have on economic growth in africa?
Access to lifesaving medicine is very limited in parts of africa; as a result, over 10 percent of children do not reach the age of five. It would slow economic growth because worker health and labor productivity would grow more slowly.
Labor productivity measures the output of a country's economy computed on hourly basis. Especially, it charts the amount of real gross domestic product (GDP) produced by an hour of labor.
Growth in labor productivity depends on three main factors: saving and investment in physical capital, new technology, and human capital.
Labor productivity should always not to be confused with employee productivity, which is a measure of an individual worker's output.
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What dynamic feedback effects can offset the interest rate, international, and money wealth effects?
These two dynamic feedback effects can offset the interest rate, international, and money wealth effects:
If the price level falls, it creates expectations of falling aggregate demand.If the price level falls, it lowers asset prices.What is price level?
The price level is determined by averaging the current prices for all the goods and services produced in an economy. Price level, in a broader sense, refers to the cost or price of a good, service, or security in the market.
What happens when price level increases?
Rising prices are referred to as inflation. A decrease in prices is referred to as deflation. Pricing and client purchasing power also have a link. The purchasing power of money generally declines as prices increase.
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Which type of office building generally has the latest amenities, best location and commands the highest rent?
Class A type of office building generally has the latest amenities, best location and commands the highest rent.
What types of class office buildings?Office buildings in commercial real estate are normally classified as either class A, class B, or class C. Different levels of cost, quality, and facilities are indicated by each category. A, B, and C designations are arbitrary, nevertheless, due to the wide regional variations in real estate quality.
What is Class A office space?These "most notable buildings" are "competing for premier office users with rents above average for the area" because they have "clear market presence" and are "most famous buildings." Buildings in Class A are frequently rather massive. and have a prominent location with excellent accessibility.
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What specific advice would you give walmart executives to improve their communication with employees, customers, and/or the general public?
Walmart has a progressive practical association Structure. We can gather it by following :
This structure has 2 highlights that are progression and capacity-based definition. The order highlight connects to vertical lines of order and authority all through the hierarchical structure.
1. In Walmart there capacity-basedWalmartis discrete offices for independent things like there are HR, offices, and IT offices which implies their capacity-based structure. the sub-division chiefs.
2. For a chain of importance-based support, in Walmart there are immediate is at each level, separated from the CEO. There are supervisors, sub-division chiefs, and center directors that give progressive structure to the association.
3. Walmart has a wide crowd thus along these lines they have the best authoritative structure since it has the best management that is conceivable due to hierarchy and separate divisions are there to care for the necessities.
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Monopolistically competitive firms are unlikely to _______
a. produce where price equals average total cost.
b. produce a smaller quantity than firms in perfect comp
Monopolistically competitive firms are unlikely to:
A. produce where price equals average total cost.
B. charge a higher price than firms in perfect competition.
C. produce a smaller quantity than firms in perfect competition.
D. operate where price equals marginal cost.
E. exit the industry when demand falls below long-run average costs.
The Correct answer is OPTION D.
When several firms provide similar but not identical replacement goods or services, we have monopolistic competition.
An industry with low barriers to entry and little impact from any one company's actions is said to be monopolistically competitive. Companies separate themselves from one another in the market by using price and advertising strategies.
It is called monopolistic competition when multiple businesses sell nearly identical goods. In monopolistic competition, businesses use price and marketing tactics to set themselves apart from rivals. In monopolistic competition, there are few barriers to entry in the form of high start-up costs or other difficulties to new entrants.
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In terms of design principles of an advertisement, to what does balance refer? a. the controlling of the advertisement’s color scheme b. the brightness of the advertisement c. a proper sequence of the advertisement’s content d. the control of size, tone, weight, and position of the elements used in the advertisement e. to ensure that all elements of the advertisement blend with each other and are compatible
In terms of design principles of an advertisement, balance refer to the brightness of the advertisement.
What is an Advertising?Advertising is a type of marketing communication that uses an overtly commercial, impersonal message to sell or promote a good, service, or concept. Businesses who want to advertise their goods or services are often the sponsors of advertising. Public relations and advertising are distinct from one another because, in advertising, the message is funded and controlled by the advertiser. The message is non-personal, i.e., not directed at a specific person, which distinguishes it from personal selling.What is the balance?The balance is the sum owing on an account in banking and accounting. The term "balance" in bookkeeping refers to the difference between the total of debit entries and the total of credit entries made into an account over the course of a certain financial period.The account shows a debit balance when total debits exceed total credits.Learn more about Advertising here:
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Social factors exert the broadest and deepest influence over a person’s consumer behavior. True or false?.
Social factors exert the broadest and deepest influence over a person’s consumer behavior false (culture)
Culture :
A person’s culture is represented by a large group of people with a similar heritage. Culture exerts a strong influence on a person’s needs and wants because it is through culture that we learn how to live, what to value, and how to conduct ourselves in society. The American culture, which is a subset of the Western (European) culture, will be the primary focus of this discussion, although other societies in other parts of the world have their own cultures with accompanying traditions and values.
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As lynn is working on writing the text that will be incorporated into a new magazine ad for her company’s line of handbags, she is engaging in the _______ stage of the communication process.
As lynn is working on writing the text that will be incorporated into a new magazine ad for her company’s line of handbags, she is engaging in the Encoding stage of the communication process.
What is encoding?Character encoding refers to the process of giving numerical values to pictorial characters, particularly the written characters of human language, to enable their storage, transmission, and transformation using digital computers. Code points, sometimes referred to as "code spaces," "code pages," or "character maps," are the numerical values that make up a character encoding.A subset of the characters used in written languages could only be represented by the early character codes used with optical or electrical telegraphs, which were occasionally limited to upper case letters, numbers, and some punctuation. Modern computer systems can employ more complex character codes (like Unicode), which represent the majority of the characters used in many written languages, due to the low cost of digital data representation. Internationally recognized standards for character encoding enable the exchange of text in electronic form.A subset of the characters used in written languages could only be represented by the early character codes used with optical or electrical telegraphs, which were occasionally limited to upper case letters, numbers, and some punctuation.Modern computer systems can employ more complex character codes (like Unicode), which represent the majority of the characters used in many written languages, due to the low cost of digital data representation.Internationally recognized standards for character encoding enable the exchange of text in electronic form.To know more about encoding with the given link
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The economic order quantity (qopt) occurs when the annual ordering and holding costs are:_________
The economic order quantity (Qopt) occurs when the annual ordering and holding costs are safety stock.
Annual demand, holding costs, and order costs are the main components of a formula that determines the Economic Order Quantity (EOQ). With the help of this method, you can balance the amount of merchandise you sell with the cost of maintaining your inventory.
An inventory management strategy called economic order quantity aids in the formulation of effective inventory management choices. It refers to the ideal quantity of inventory that a business should buy to meet demand while lowering holding and storage costs.
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Companies like my gym, which seek to do business in new markets for manufacturing and/or marketing purposes, have many potential ________ at their disposal.
Companies like my gym, which seek to do business in new markets for manufacturing and/or marketing purposes, have many potential Entry modes at their disposal.
What is marketing ?Marketing is the process of discovering, developing, and delivering value in the form of goods and services to fulfill the needs of a target market; it may also include the selection of a target audience.
Brand marketing is a method of promoting your product or service by promoting your entire brand. Essentially, it conveys the tale of your service or product by stressing your entire brand.
Distribution, finance, market research, pricing, product and service management, promotion, and selling are the seven functions of marketing in the marketing sector.
Properly studied and targeted marketing will bring in new and recurring customers.
Current and previous consumers' feedback might help identify areas for development.
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What are the three broad types of economic systems?multiple select question.pseudo economycivil economymixed economycommand economymarket economy
The correct answer is (c) command economy.
An economic system known as a command economy is one in which the means of production are owned by the government and economic activity is governed by a central organization that sets quantitative production targets and distributes raw materials to productive businesses.
As an alternative, a command economy is one in which all factors of production are controlled by a centralized government that controls most, if not all, firms. Command economies can be seen in the former Soviet Union, North Korea, and East Germany.
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The ____ the existing spot price relative to the strike price, the ____ valuable a call option will be:
a. higher; less
b. lower; less
c. lower; more
d. higher; more
The higher the existing spot price relative to the strike price, the less
valuable the call options will be.
A strike price is a set price at which a derivative contract can be bought or sold when it is exercised. For call options, the strike price is where the security can be bought by the option holder; for put options, the strike price is the price at which the security can be sold. The strike price is also known as the exercise price.
The strike price is the price at which a derivative contract can be bought or sold. The value of a derivative is based on its underlying asset. The strike price, also known as the exercise price, is the key determinant of option value.
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The most likely cause of a shift of a production possibilities frontier of an economy ab to cd is:_________
The cause of a shift of a production possibilities frontier of an economy ab to cd is unemployment.
If an economy keeps growing its capital stock/range of employees/generation/herbal resources, then over the years its manufacturing possibilities curve will: shift to the proper .e shift of the frontier from A to B was maximum in all likelihood due to unemployment
. The curve bows outwards due to the law of increasing opportunity fee, which states that the quantity of an amazing which must be sacrificed for every additional unit of any other suitable is extra than become sacrificed for the preceding unit.
production possibilities curve. a graph or financial model that shows the most combinations of products and offerings, any two categories of goods, that can be produced from a set quantity of assets.
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The researcher wants to investigate whether carpet makes a difference in the mean bacterial concentration in air. the null and alternative hypotheses would be_________.
The researcher wants to investigate whether carpet makes a difference in the mean bacterial concentration in air. the null and alternative hypotheses would be:
H0: The mean of the carpeted rooms = the mean of the uncarpeted rooms
Ha: The mean of the carpeted rooms ≠ the mean of the uncarpeted rooms
The attention of bacteria majorly depends on the awareness of inoculum, incubating temperature, and the metabolic country of inoculated pressure used. The bacterial concentration suspended in growth media may be calculated.
In idea, you could listen to cells through filtration or centrifugation, but likely no greater than a hundredfold. for your case, you're asking to concentrate by 10,000 fold. So you sincerely might want to develop denser cultures of cells. You can centrifuge your modern broth and resuspend the pallet in a clear broth.
In microbiology, the minimal inhibitory attention (MIC) is the lowest concentration of a chemical, generally a drug, which prevents the visible boom of a bacterium or bacteria.
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From the consumer’s perspective, the elements of an imc strategy can be viewed as being either.
The correct answer is Passive or Interactive.
From the consumer’s perspective, the elements of an IMC strategy can be viewed as being either Passive or Interactive.
What do you understand about the concept of IMC strategy? Integrated Marketing Communication.It refers to a process of combining and uniting the different parts of communication like public relations, audience analytics, social media etc. to form a brand identity that remains like a constant. IMC helps the companies to work on multi-pronged marketing campaigns and identify the right audience and target that audience with right channels. It helps in building trust, it is very cost effective and it helps in improving efficiency.
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If the exchange rate rises, then the quantity of dollars demanded ________ because with the higher u. S. Exchange rate, u. S. Exports ________.
If the exchange rate rises, the quantity of dollars required decreases along the demand curve for dollars.
Demand curve for dollarsThe demand curve for dollars illustrates the relationship between the amount of dollars and the exchange rate between pesos and dollars. It descends downward because Mexicans demand more dollars as the price descents. A fall in price signifies that the dollar is devaluating in value relative to the peso.
The demand curve for the foreign exchange is shown in where the pace of foreign exchange and the quantity of foreign exchange required have been shown on the Y axis and X axis respectively.
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Abc assumes all costs in a ________ can be grouped together because they all impact the activity.
Abc assumes all costs in a cost pool can be grouped together because they all impact the activity.
A cost pool is a group of accounts used to describe the cost of goods and services that can be allocated within a manufacturing or business organization.
The pool's basic idea is to link direct and indirect costs to a given cost driver in order to calculate the entire cost of expenses associated with a product's manufacturing.
The majority of businesses opt to create numerically based sequences that can subsequently be allocated to the appropriate project, however, the precise building cost pools vary.
A single cost pool will often contain up to 10 digits in the sequence, with specific sets of those numbers being utilized to refer back to the project or another object.
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A lower expected return means a higher risk will have to be accepted. true false
The statement "A lower expected return means a higher risk will have to be accepted. " Is false. This is further explained below.
What is the expected return?Generally, According to the proverb, "A lower projected return indicates a bigger risk will need to be taken." Is false
In conclusion, The amount of profit or loss that an investor might anticipate obtaining as a result of the investment is referred to as the anticipated return. To get an anticipated return, first, multiply all of the possible outcomes by the percentage chance that each one will occur, and then add up all of those products. It is impossible to provide a guarantee on expected returns.
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________ was initially intended to bring people together to raise funds for a cause.
Fundraiser was initially intended to bring people together to raise funds for a cause.
A fundraiser is an event with a goal of raising funds for an organization. A fundraiser is an event in which an organization cultivates donors as the main members who provide funding's to the particular organization. Thus, a person who raises the money from such donors is known as a fundraiser.
Fundraising provides with supplemental funds which enhances what the group does and provide new opportunities for the members. It can also benefit the community or an individual in the community that needs financial assistance.
Hence, fundraiser was initially intended to bring people together to raise funds for a cause.
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The aicpa removed its general prohibition of cpas taking commissions and contingent fees because:______.
The AICPA removed its general prohibition of CPAS taking commissions and contingent fees because the FTC dragged the AICPA kicking and screaming into the agreement.
With more than 428,000 members in 130 nations, the American Institute of Certified Public Accountants is the primary professional association for CPAs in the United States.
With 421,000 members across 130 nations, the American Institute of CPAs is the largest member association in the world that represents the accounting industry. The AICPA produces and marks the Uniform CPA Examination, creates educational resources, monitors and enforces conformity within the profession, and more.
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Economies of scale exist when a firm's ___________ average costs fall as it __________ output
Long-run and increase are correct phrases as the short-run average cost (SRAC) curves, each of which represents a distinct level of fixed costs, form the foundation of the long-run average cost (LRAC) curve.
The least expensive average cost curve for any level of output will be the long-run average cost curve.
How can scale economies work?Benefits from economies of scale might result from a business's size being expanded. For instance, while making significant purchases, a business could profit from economies of scale.
Through the negotiation of a lower price per unit and the simultaneous purchase of a large number of items, it was able to outbid competitors.
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Question 5 of 12 An insured and his wife are both involved in a head-on collision. The husband dies instantly, and the wife dies 15 days later. The company pays the death benefit to the estate of the insured. This indicates that the life insurance policy had what provision?
An insured and his wife are both involved in a head-on collision. The husband dies instantly, and the wife dies 15 days later. The company pays the death benefit to the estate of the insured. This indicates that the life insurance policy had they were in the room alone
This is further explained below.
What is an insurance policy?Both the insured person and his wife are engaged in an accident that occurs head-on. The husband passes away in an instant, and the wife follows him in passing 15 days later. The death benefit is paid out by the firm to the estate of the covered person. This suggests that the life insurance coverage would not have paid out if they were alone in the room.
In conclusion, A legal relationship exists between an insurance firm, often known as the insurer, and the person(s), business, or entity that is being covered under the terms of an insurance policy (the insured). Reading your policy gives you the ability to check that it satisfies your requirements and ensures that you comprehend both your duties and those of the insurance business in the event of a loss.
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According to cialdini, _____ involve intricate sequences of behavior that occur in the same fashion and in the same order every time.
According to Cialdini, fixed action patterns involve intricate sequences of behavior that occur in the same fashion and in the same order every time.
Fixed action patterns are sequences of behavior which occur in humans as well as animals in the same sense of order every time. These fixed action patterns share a number of defining traits, such as their rigidity, innateness, invariability, inheritability, and complexity.
Fixed action patterns are complex, automatic and involuntary. For instance, a fixed action pattern occurs greylag geese. So, if a female greylag goose's egg rolls out of her nest, she will instinctively use her bill to push the egg back into the nest in a series of very predictable movements.
Hence, the answer is given and explained above.
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