Answer:
manufacturing overhead= $23,670
Explanation:
Giving the following information:
Cost of Goods Manufactured $85,000
Work-in-Process Inventory, March 1 $9,680
Work-in-Process Inventory, March 31 $1,250
Direct Labor $36,000
Direct Materials Used $16,900
To calculate the manufacturing overhead we need to use the following formula:
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
85,000= 9,680 + 16,900 + 36,000 + MOH - 1,250
23,670= manufacturing overhead
Two manufacturing firms, located in cities 90 miles apart. Both send their trucks four times a week to the other city full of cargo and return empty. Each driver costs $275 per day with benefits (the round trip takes all day) and each firm has truck operating costs of $1.20 a mile.
a) How much each firm could save weekly if each sent its truck twice a week and hauled the other firm’s cargo on the return trip?
b) What would the savings be if there was a $0.20 per mile emission tax on all business truck travel?
By reducing the number of trips and hauling the other firm's cargo on the return trip, each firm can save on driver costs and truck operating costs. The weekly savings for each firm would be $1,974. With a $0.20 per mile emission tax, the savings would be $1,902.
Explanation:By sending their trucks twice a week and hauling the other firm's cargo on the return trip, each firm can save on driver costs and truck operating costs. Currently, each firm sends their trucks four times a week, resulting in higher expenses. By reducing the number of trips, the firms can save both on driver costs and fuel costs.
To calculate the savings, we need to consider the costs per trip. Each trip costs $275 for the driver and $1.20 per mile for truck operating costs. The round trip distance between the two cities is 90 miles, so the one-way distance is 45 miles. With 8 trips per week currently, each firm is spending:
Driver costs per week: $275 x 8 = $2,200Truck operating costs per week: $1.20 x 45 miles x 8 trips = $432Total costs per week: $2,200 + $432 = $2,632If each firm sends its truck twice a week and hauls the other firm's cargo on the return trip, the costs per week become:
Driver costs per week: $275 x 2 = $550Truck operating costs per week: $1.20 x 45 miles x 2 trips = $108Total costs per week: $550 + $108 = $658To calculate the weekly savings for each firm, we subtract the new total costs from the original total costs:
Weekly savings = $2,632 - $658 = $1,974
For part b, if there was a $0.20 per mile emission tax on all business truck travel, we need to calculate the additional cost for each trip. The one-way distance is 45 miles, so the additional cost per trip would be:
Additional cost per trip = $0.20 x 45 miles = $9
Since each firm currently has 8 trips per week, the additional cost per week would be:
Additional cost per week = $9 x 8 = $72
To calculate the savings with the emission tax, we subtract the additional cost from the original savings:
Savings with emission tax = $1,974 - $72 = $1,902
Learn more about Savings here:https://brainly.com/question/33031196
#SPJ3
P4-5 Sales and purchase-related transactions for seller and buyer The following selected transactions were completed during June between Snipes Company and Beejoy Company:
June 8. Snipes Company sold merchandise on account to Beejoy Company, $18,250, terms FOB destination, 2/15, n/eom. The cost of the merchandise sold Was $10,000.
8. Snipes Company paid transportation costs of $400 for delivery of merchandise sold to Beejoy Company on. June 8.
12. Beejoy Company returned $5,000 of merchandise purchased on account on June 8 from Snipes Company. The cost of the merchandise returned was $3,000. 23. Beejoy Company paid Snipes Company for purchase of June 8, less discount and less return of June 12.
24. Snipes Company sold merchandise on account to Beejoy Company, $15,000, terms FOB shipping point, n/eom. The cost of the merchandise sold was $9,000. 26. Beejoy Company paid transportation charges of $375 on June 24 purchase from Snipes Company.
30. Beejoy Company paid Snipes Company on account for purchase of June 24.
how would this l be done if it was put in a framework?
The transactions between these two companies revolve around sales and purchase-related occurrences, like buying on account, bearing transportation costs based on FOB terms, merchandise returns, and payments after deducting returns and discounts.
Explanation:The transactions between Snipes Company and Beejoy Company can be framed in terms of sales and purchase-related transactions. Here's a simplified version of their June interactions:
On June 8, Snipes sold merchandise to Beejoy for $18,250 on account, bearing the transportation costs ($400) as the terms were FOB destination. The cost to Snipes for the merchandise was $10,000.Beejoy returned merchandise worth $5000 to Snipes on June 12. The cost of the returned merchandise was $3000.On June 23, Beejoy paid Snipes for the remaining balance after deducting returns and discounts.On June 24, Snipes again sold merchandise on account to Beejoy for $15000, but this time the terms were FOB shipping point. So, Beejoy had to bear the transportation costs ($375) and made the payment on June 30. The cost to Snipes for the merchandise was $9000.Learn more about Sales and Purchase Transactions here:https://brainly.com/question/33569790
#SPJ3
Final answer:
The sales and purchase-related transactions between Snipes Company and Beejoy Company can be organized in a framework by listing the transactions separately for each company.
Explanation:
The sales and purchase-related transactions between Snipes Company and Beejoy Company can be organized in a framework as follows:
Snipes Company:
June 8: Sold merchandise on account to Beejoy Company for $18,250 (cost: $10,000), with terms FOB destination and a discount of 2% if paid within 15 days.
June 8: Paid transportation costs of $400 for the delivery of the merchandise sold to Beejoy Company.
June 24: Sold merchandise on account to Beejoy Company for $15,000 (cost: $9,000), with terms FOB shipping point.
Beejoy Company:
June 12: Returned $5,000 of merchandise purchased on account from Snipes Company (cost: $3,000).
June 23: Paid Snipes Company for the purchase made on June 8, taking into account the discount and return.
June 26: Paid transportation charges of $375 on the June 24 purchase from Snipes Company.
June 30: Paid Snipes Company on account for the purchase made on June 24.
While creating its AFI strategy framework, Valdez Consultants decided what markets the firm should compete in.
By doing this, what type of strategy did the company devise?
A. business strategy
B. corporate strategy
C. global strategy
D. ethical strategy
Answer:
B. corporate strategy
Explanation:
Corporate strategy -
According to this strategy , the approach adapted for any decision making process , so as to get the maximum advantage to the business , is referred to as corporate strategy .
During this strategy , the company need to look for various business or company in order to make the best decision to obtain maximum profit .
Hence, from the given statement of the question ,
The correct option is B. corporate strategy .
The lesson you learned that a market economy is where the prices of services and goods are determined through a free system.
Based on what you learned, describe two advantages and two disadvantages of this type of economy.
Answer:
There are a few disadvantages of a free market economy.
Explanation:
A free market economy allows individuals to innovate. They have freedom to create new ideas and new products or services for profit. They do not have to follow the government for doing so. This leads to economic growth and expansion of businesses.
The disadvantage created through this system is that this leads to poor working conditions for employees in the companies. Products that are not profitable would not be produced.
For earning huge profits, the quality of the product might be deteriorated. Companies may take unethical decisions just to earn more profits. There would be unhealthy competition.
The process of searching huge amounts of data seeking a pattern, is called data ________.
(A) diving
(B) scaling
(C) warehousing
(D) mining
Answer:
The correct answer is letter "D": mining.
Explanation:
Data mining is the group of techniques and technologies that allow exploring large databases automatically and semi-automatically with the purpose of finding patterns, tendencies or rules that explain the behavior of the information of a given context.
A monopolist with constant average and marginal cost equal to 8 (AC = MC = 8) faces demand Q = 100 - P, implying that its marginal revenue is MR = 100 - 2Q.
Its profit-maximizing quantity is:
a) 8 b) 46 c) 50 d) 92
Answer:
b) 46
Explanation:
Provided that
AC = MC = 8
Q = 100 - P
Or P = 100 - Q
MR = 100 - 2Q
So the total revenue would be
= Price × Quantity
So if we put the values of p in the total revenue so the equation would be
= 100 × Q – Q^2
Now we have to take the differentiation with respect to marginal revenue which equal to
= d(Total revenue) ÷ d(Quantity)
If we differentiated than the value would come
= 100 - 2Q
And
We know that
MR = MC
100 - 2Q = 8
2Q = 92
Q = 46
In each of the following situations, identify if there is a positive or negative externality in play. Explain you answer thoroughly.
A local bridal shop shares a strip mall with eight other businesses. Recently all have agreed that the signage at the road needs a facelift. Although all eight businesses use the sign, the other seven are not willing to pay for a fresh paint job. The bridal shop decides to foot the bill and, on their own, they update the sign. Is there a positive or negative externality in play? Why?
A local church holds a "4th of July Celebration" and invites everyone in their area to come enjoy free bounce-houses, live music and snow cones..
A local high school decides to expand their bus ramp to help buses get in and out of the school more quickly. The construction process takes two months and creates serious traffic issues for the commuters in that area of town.
Answer:
1. Positive Externality ; 2. Negative Externality ; 3. Positive Externality.
Explanation:
Externalities are benefits or harms to other parties , without payment received or made for them respectively.
Positive Externalities : Externalities positively effecting others. Eg-Education
Negative Externalities : Externalities positively effecting others . Eg-Pollution.
1. Bridal Shop's signage facelift creates benefit for other strip mall businesses also (better business visibility), without former receiving money & latter paying money.
2. Local church celebration creates benefit for all attendants (recreational benefit) ,without former receiving money & latter paying money.
3. Local School bus ramp construction creates harm for commuters of that area (traffic inconvenience) , without former paying money & latter receiving money
A method of dispersion that gives us an overall picture of the gap between all the data within a data set is
A. Range.
B. Inter-quartile range (Q3 – Q1).
C. Mean.
D. Standard deviation.
E. coefficient of correlation
Answer:
The correct answer is letter "D": Standard deviation.
Explanation:
Standard deviation is a measure used to count the deviation or dispersion of a group of numeric data. In Business, the standard deviation is a measure applied to the annual rate of return of an investment to measure the investment's volatility. Every time a stock or a mutual fund is purchased their expected return is weighted against their inherent risk. The past gain or losses of investment is easy to look up but gauging is more complex.
In 2019, Wesley Pickett has a modified adjusted gross income (MAGI) of $58,500. During the year he paid $5,000 of student loan interest. What amount can Wesley deduct from his taxable income for the interest paid on his student loan?
Answer:
$2,500
Explanation:
The maximum amount that can be deducted from the taxable income against the student loan interest paid is $2,500.
Hence,
For the given the amount paid by Wesley as the student loan interest i.e $5,000 exceeds the maximum limit of $2,500
Therefore,
Wesley can deduct maximum of $2,500 from her taxable income.
Wesley Pickett can deduct the amount of student loan interest he paid from his taxable income, subject to certain limits.
Wesley Pickett can deduct the amount of student loan interest he paid from his taxable income. The deduction is determined by the modified adjusted gross income (MAGI) limit set by the IRS. For 2019, the MAGI limit for single filers is $85,000.
If Wesley's MAGI is below this limit, he can deduct the full $5,000 of student loan interest from his taxable income. However, if his MAGI is between $70,000 and $85,000, the deduction starts to phase out.
Learn more about student loan interest here:https://brainly.com/question/34076874
#SPJ3
This organization is willing to pay $3.35 per meal for 300 meals on April 10. Maria has sufficient idle capacity to fill this special order. These meals will incur all of the variable costs of meals produced, but variable administrative costs and total fixed costs will not be affected.What impact would accepting this special order have on operating profit?
Answer:
The operating profit will increase by total contribution earned from the order completion of 300 meals.
Explanation:
The company is will to pay $3.35 per meal which means $1005 (3.35*300) is the total amount the company will pay to Maria for the preparation of the order. Suppose that the total variable cost for preparing this order is $505 then the contribution will be:
Total Sales - Total Variable cost = Total Contribution
By putting values:
$1005 - $505 = $500 is the Total contribution that the company has earned. This $500 will increase the operating profit by the $500 because their are no fixed costs or variable administration cost increase. So the net increase in the operating cost will be this $500.
The Cost-less corp supplies its four retail outlets from its four plants. The shipping cost per shipment from each plant to each retail outlet is given below:
Retail Outlets Plant 1 2 3 4 1 $500 $600 $400 $200 2 $200 $900 $100 $300 3 $300 $400 $200 $100 4 $200 $100 $300 $200 Plants 1,2,3,4 make 10,20,20, and 10 shipments per month, respectively.
Retail outlets 1,2,3,4 need to receive 20,10,10, and 20 shipments per month, respectively.
The distribution manager, Randy Smith, now wants to determine the best plan for how many shipments to send from each plant to the respective retail outlets each month. Randy's objective is to minimize the shipping cost.
Formulate this problem on a spreadsheet and use Solver to find an optimal solution. SHOW ALL WORK
Answer:
The minimum cost will be of 10,000 dollars
Explanation:
The cost of each shipment considering starting point and destination:
(IE: From plant 2 to outlet 3 it cost 100)
OUTLET
PLANTS 1 2 3 4
1 $ 500.00 $ 600.00 $ 400.00 $ 200.00
2 $ 200.00 $ 900.00 $ 100.00 $ 300.00
3 $ 300.00 $ 400.00 $ 200.00 $ 100.00
4 $ 200.00 $ 100.00 $ 300.00 $ 200.00
Maximum deliveries per plants
Make
1 10.00
2 20.00
3 20.00
4 10.00
Shipment needed per outlet
Receive
1 20.00
2 10.00
3 10.00
4 20.00
We need to make the minimum cost.
We setp up two more tables, one with the shipment per plant
and one that calcualte the cost.
Then, we put the constrain (the amount each plant can make and the amount each outlet should receive) and let excel solve it
Plant Destination(Outlet 1 //2 //3 //4) Total shipment
1 - - - 10.00 10.00
2 11.00 - 9.00 - 20.00
3 9.00 0.00 1.00 10.00 20.00
4 - 10.00 - - 10.00
20 10 10 20
Total order made to each one
We multiply this by the cost-matrix and get a minimum cost of $10,000
The shipping cost minimization problem can be formulated as a linear programming problem in a spreadsheet with decision variables representing shipments from each plant to each retail outlet. The objective function to be minimized will be the total cost incurred for all shipping. Constraints are defined by the individual capacities of each plant and demand from the retail outlets.
Explanation:This situation can be formulated as a linear programming problem, which is frequently used in business and economics for cost optimization. You can create a spreadsheet model with variables representing the number of shipments from each plant to each retail outlet.
The decision variables could be xij, where i represents the plant (1-4), and j represents the retail outlet (1-4). The costs would be multiplied by the corresponding variable (shipment quantity) and all would be added to create the objective function, which you want to minimize.
The constraints would be defined by the capacities of plants and the demands of retail outlets. For instance, the sum of shipments from plant 1 (i.e., x11 + x12 + x13 + x14) cannot exceed its capacity (10), and similarly for other plants. On the demand side, the sum of shipments to a specific outlet must meet its demand. For instance, shipments to retail outlet 1 (x11 + x21 + x31 + x41) cannot be less than its demand (20).
Once formulated, you can use the Solver add-in in Excel, which can solve linear programming problems to find the optimal solution.
Learn more about Linear Programming here:https://brainly.com/question/34674455
#SPJ3
Illustrate how the type of work that he or she does influences a person's lifestyle. For example, contrast a farmer, a factory worker, and a schoolteacher.
Answer:
Businessmen v/s Employees v/s Professionals
Explanation:
The three examples in the question are people engaged in 3 different economic activities : Business, Profession, Employment.
Farmer: Businessman / Self Employed (like sole proprietorship); Factory Worker - Employee; Teacher - Professional.
Business require capital, enterprising abilities, bear risk, code of conduct only as socially ethical behaviour. Employment require no capital, employer claimed abilities, low risk of loosing salaried job, code of conduct as per employment agreement. Profession require moderate capital, educational qualification mandated as per professional apex body & code of conduct also decided by it, bears moderate risk.
These people might have varying lifestyles based on the above economic activities. Businessmen tend to be risk takers, employees tend to be risk averse people. Businessmen might have knowledge based on experience, employees & professionals knowledge based on proper academically structured curriculum. Businesses have more probability of perpetual existence, employment & professional activities are less ascribed economic activities.
The following balances are from the accounts of Hill Components:
January 1 (Beginning) December 31 (Ending)
Direct materials inventory $ 22,300 $ 25,400
Work-in-process inventory 33,000 29,400
Finished goods inventory 5,500 6,600
Direct materials used during the year amount to $46,100, and the cost of goods sold for the year was $53,100.
Find the cost of direct materials purchased during the year.
Find the cost of goods manufactured during the year.
Find the total manufacturing costs incurred during the year.
Answer:
1. $49,200
2. $54,200
3. $50,600
Explanation:
The computations are shown below:
We know that
1. Cost of the direct materials used = Beginning Raw materials inventory balance + raw materials purchases - ending Raw materials inventory balance
$46,100= $22,300 + raw material purchased - $25,400
$46,100 = -$3,100
So, the cost of raw material purchased would be
= $46,100 + $3,100
= $49,200
2. Cost of goods manufactured would be
= Cost of goods sold - beginning finished goods inventory + ending finished goods inventory
= $53,100 - $5,500 + $6,600
= $54,200
3. The total manufacturing costs incurred would be
= Cost of goods manufactured - beginning work in process inventory + ending work in process inventory
= $54,200 - $33,000 + $29,400
= $50,600
At a raffle, 1000 tickets are being sold for $10 each. There is one prize of $500, two prizes of $250, three prizes of $150, and four prizes of $75. If you buy one ticket, what is the expected value of your gain?
The expected value of the gain for buying one raffle ticket at $10, with various prizes, is calculated as -$8.35, indicating an expected loss.
Explanation:To calculate the expected value of your gain in a raffle, you must first consider the probability of winning each prize and what the gain from each would be. The gain is the prize amount minus the cost of the ticket.
For the $500 prize, the probability of winning is 1/1000 and the gain is $500 - $10 = $490. Two prizes of $250 give a probability of 2/1000 each, with a gain of $240 for each. With three prizes of $150, the probability is 3/1000 each, and the gain is $140 each. Finally, for the four prizes of $75, the probability is 4/1000 for each, with a gain of $65.
To find the expected value, you multiply each gain by its probability and sum them all. So, the expected value (EV) of your gain would be:
EV = (1/1000 * $490) + (2/1000 * $240) + (3/1000 * $140) + (4/1000 * $65) - (1 * $10)
EV = $0.49 + $0.48 + $0.42 + $0.26 - $10
EV = $1.65 - $10
EV = -$8.35
The expected value of your gain after buying a ticket for $10 is therefore -$8.35, which is a loss, not a gain.
An A-B design does not demonstrate a functional relationship between the treatment and the target behavior because there is no:
Answer: REPLICATION
Explanation:An A-B design is a single case or a single subject design that deals with the study and analysis of both applied Behavior and Behaviors which concerns Human and non Human subjects. This type of design does not involve repetition of treatments which means it is a one case scenario, A-B design is a two phase design made up of a baseline known as ("A" phase) without change and a ("B" phase) known as a treatment phase. If during the experiment their is a change,it means the it means the treatment has an effect.
Discuss the main ways in which current delivery of health care has become corporatized.
Answer:
Discuss the main ways in which current delivery of health care has become corporatized.
It is expedient to note that advancement has also been achieved in the area of health as well which has led to the establishment of bodies such National Health Insurance Scheme (NHIS) that provides free medical condition to every registered member. Federal workers, private sectors has greatly embraced the usage of this scheme even students which has helped to reduce cost to bear especially for diseases with costly treatment.
Explanation:
Identify which of the below factors will achieve great results with your client:a. feedbackb. quality work
Answer:
The correct answer is letter "B": quality work.
Explanation:
The quality of a good or service determines if the standard expectation of a product is met according to a consumer. Typically, when the good or service has above-standard quality, consumers are likely to purchase it regularly. The opposite happens with below-standard goods or services: consumers stop buying them.
The following transactions occur for the Wolfpack Shoe Company during the month of June:
a. Provide services to customers for $30,000 and receive cash.
b. Purchase office supplies on account for $20,000.
c. Pay $7,000 in salaries to employees for work performed during the month.
Required:
1. Analyze each transaction. For each transaction, indicate by how much each category in the acounting equation increases or decreases
Assets = Liabilities + Stockholder's equity
2. Record the transactions. The company uses the following accounts:
Cash, Supplies, Accounts payable, Salaries expense, and Service Revenue.
Answer:
Please see the attached snapshots for the answers.
Explanation:
a.
Debit: Cash $30,000
Credit: Service Revenue $30,000
To record Service Revenue.
b.
Debit: Supplies $20,000
Credit: Accounts Payable $20,000
To record purchase of supplies on account.
c.
Debit: Salaries Expense $7,000
Credit: Cash $7,000
To record salaries Expense.
Suppose two economists are debating a tax reform bill. Both economists agree that the bill would increase the after-tax income of the top 5% of income earners; however, they disagree on whether the bill would improve the tax system. Which is the most plausible reason for why these economists disagree
Answer:
d) Differences in values.
The economists could disagree on whether the tax bill is good for the system based on their differing conceptions of fairness and economic efficiency. One could view the rise in after-tax income for high earners as beneficial to the economy, while the other may see it as exacerbating income inequality.
Explanation:The disagreement likely centers on the economists' different views of how a tax system should operate and ideas about societal fairness and economic efficiency. One economist may believe that the tax reform bill improves the system because it increases after-tax income for high earners, potentially bolstering consumer spending or capital investment. However, the other economist may argue that the tax reform bill makes the system less fair because it disproportionally benefits the top 5% of income earners, thereby exacerbating income inequality.
Learn more about Economic Debate About tax Reform here:https://brainly.com/question/34701489
#SPJ3
In a small business that is seeking to innovate in its products and services as well as its internal processes, a manager is more likely to focus on and less likely to emphasize the informational roles of monitor and disseminator. One consequence for nonprofits of using resources inefficiently is that__________.
Donors may be less likely to contribute as a result of NGOs spending resources inefficiently.
What is Nonprofit organization?A nonprofit organization or non-profit institution, also referred to as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity set up and run for a group's, the public's, or society's benefit as opposed to a business that operates to make money for its owners.
A nonprofit is subject to the non-distribution constraint, which states that any surplus funds must be used to further the organization's goals rather than being distributed to outside parties. Numerous institutions, such as various political groups, schools, business organisations, churches, social clubs, and consumer cooperatives, fall under the nonprofit category.
An organization can establish as a nonprofit entity without obtaining tax-exempt status, while nonprofit entities may apply to governments for approval to be tax-exempt and some may also be eligible to receive contributions that are tax-deductible.
Learn more about Nonprofit organization, from:
brainly.com/question/21307064
#SPJ2
1. Identify a company or organization from which you have received high-quality products and describe the characteristics which make it high quality.
2. Identify a company or organization from which you have received poor quality products or services, describe the nature of the defects, and suggest ways in which Six Sigma might improve the quality.
Answer:
Elements of poor quality goods and services include lack of time management, poor customer service, poor communication and update, disappointment, bad service quality, etc.
Characteristics of a good company include nice receptionist, time consciousness, handwork and promptness, etc
Explanation:
High-quality and poor quality products and services, characteristics of high-quality products, defects in poor quality products, implementing Six Sigma for quality improvement
Explanation:1. One company that I have received high-quality products from is Apple. The characteristics that make their products high quality include their attention to detail in design, the use of premium materials, and the reliability and durability of their products. For example, Apple products are known for their sleek and modern designs, the use of high-quality materials such as aluminum and glass, and their long-lasting battery life.
2. On the other hand, a company that I have received poor quality products from is a local electronics store. The nature of the defects in their products ranged from faulty wiring to broken screens. Six Sigma, a quality management methodology, could help improve the quality of their products by implementing processes to identify and eliminate defects, ensuring consistent quality throughout their offerings. For instance, Six Sigma could involve conducting thorough quality inspections, implementing stricter quality control measures, and training employees on quality standards and processes.
Learn more about Identifying high-quality and poor quality products and services here:https://brainly.com/question/33528881
#SPJ3
Artisan Inspiration, Inc. is a merchandiser of stone ornaments. The company sold 6,000 units during the year. The company has provided the following information Sales Revenue Purchases (excluding Freight In) Selling and Administrative Expenses Freight In Beginning Merchandise Inventory $565,000 305,000 67,000 14,000 43,000 42,000 Ending Merchandise Inventory What is the operating income for the year? (Round your answer to the nearest whiole do ar) OA. S178.000 ○ B. S245000 O C. $320,000 O D. $498,000
Answer:
Option (A) is correct.
Explanation:
Given that,
Units sold = 6,000 units
Sales = $565,000
Selling and administrative expenses = $67,000
Operating income:
= Sales - Cost of Goods Sold - Selling and administrative expenses
= $565,000 - ($305,000 + $14,000 + $43,000 - $42,000) - $67,000
= $565,000 - $320,000 - $67,000
= $178,000
Therefore, the operating income for the year is $178,000.
The administrative role that functions as a bridge between nursing and the information technology department BEST describes the ________. CNO CINO CMNO CFO
The Chief Information Nursing Officer (CINO) acts as a bridge between the nursing and the information technology departments, overseeing the integration of technology within the nursing department, and making strategic IT-related decisions.
Explanation:The administrative role that is designed to act as a liaison between the nursing and information technology departments is best described as the CINO (Chief Information Nursing Officer). This role not only requires a deep understanding of nursing but also a solid knowledge of how information technology can be utilized to enhance healthcare provision.
The CINO is responsible for ensuring the effective integration of technology within the nursing department, acting as the bridge between such department and the IT. This can involve a wide range of tasks including overseeing the implementation of new healthcare IT systems, training nursing staff on how to use them, and making strategic decisions about future technological investments in the context of nursing.
Learn more about CINO here:https://brainly.com/question/33168665
#SPJ3
_____ are an output of the executing process of project integration management. a. Issue logs b. Resource calendars c. Enterprise environmental factor updates d. Deliverables
Answer:
d. Deliverables
Explanation:
Deliverables can be defined as the final output expected from executing a project which is intended to be delivered to a client or customer.
Deliverables are an output of the executing process of project integration management.
Answer:
The correct answer is letter "D": Deliverables.
Explanation:
Deliverables is a project management term describing an object or function that must be provided or completed by a certain due date. Deliverables can be tangible or intangible. They include reports, graphic designs, computer program updates and anything else that has a larger project along to completion.
Chavez Corporation reported the following data for the month of July:
Inventories:
Beginning Ending
Raw materials $ 34,000 $ 33,500
Work in process $ 19,500 $ 24,000
Finished goods $ 35,500 $ 50,500
Additional information:
Raw materials purchases $ 69,500
Direct labor cost $ 94,500
Manufacturing overhead cost incurred $ 62,500
Indirect materials included in manufacturing overhead cost incurred $ 9,400
Manufacturing overhead cost applied to Work in Process $ 61,500
Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold.
Required:
The direct materials cost for July is ____________.
Answer:
The direct materials cost for July is $ 70,000
Explanation:
Direct Materials
Raw Materials Opening Inventory =$ 34,000
Add Purchases Raw Materials = $ 69,500
Less Ending Inventory Raw Materials= $ 33,500
Direct Materials cost available for use = $ 70,000
(Assume all raw materials are direct materials.)
Add Direct Labour = $ 94,500
Add Manufacturing Overheads = $ 53,100 ( 62,500- 9,400)
Opening Work In Process = $ 19,500
Less Ending Work In Process = $ 24,000
Work In Process $ 213,100
The direct materials cost for July can be calculated by adding the raw materials purchases to the change in raw materials inventory is $70000.
Explanation:The direct materials cost for July can be calculated by adding the raw materials purchases to the change in raw materials inventory. The change in raw materials inventory can be determined by subtracting the ending inventory from the beginning inventory. The formula is:
Direct Materials Cost = Raw Materials Purchases + Beginning Raw Materials Inventory - Ending Raw Materials Inventory
Using the given data, the calculation would be:
Direct Materials Cost = $69,500 + $34,000 - $33,500 = $70,000
Learn more about Direct materials cost here:https://brainly.com/question/31747287
#SPJ3
Matching is:
Multiple Choice:
1. A valuation method.
2. A result of recognizing revenues and expenses that arise from the same transaction.
3. A cash basis reporting principle.
4. An asset classification procedure.
Answer:
2. A result of recognizing revenues and expenses that arise from the same transaction.
Explanation:
Matching is a concept in accounting which favors the accrual accounting over cash basis of accounting.
It is a concept in which the cost incurred during the course of carrying out some activities that generate revenue is match to the revenue generated.
Hence Matching is a result of recognizing revenues and expenses that arise from the same transaction.
Matching is a valuation method that involves the recognition of revenues and expenses that arise from the same transaction.
Explanation:Matching is a valuation method that involves the recognition of revenues and expenses that arise from the same transaction. It is not a cash basis reporting principle or an asset classification procedure. Matching is used to accurately match revenues with the expenses incurred to generate those revenues.
Learn more about Matching here:https://brainly.com/question/33727514
#SPJ3
The Odessa Supply Company is considering obtaining a loan from a sales finance company secured by inventories under a field warehousing arrangement. Odessa would be permitted to borrow up to $300,000 under such an arrangement at an annual interest rate of 10 percent. The additional cost of maintaining a field warehouse is $16,000 per year. Determine the annual financing cost of a loan under this arrangement if Odessa borrows the following amounts: a. $300,000b. $250,000
Answer:
a) 15.33%
b) 16.4%
Explanation:
Data provided in the question:
Annual interest rate = 10 percent
Additional cost of maintaining a field warehouse = $16,000 per year.
Now,
Annual financing cost
= [ ( Interest cost + Additional cost ) ÷ Usable funds ] × 100%
For a) Amount borrowed = $300,000
Annual financing cost
= [ ( 10% of $300,000 + $16,000 ) ÷ $300,000 ] × 100%
= 15.33%
For b) Amount borrowed = $250,000
Annual financing cost
= [ ( 10% of $250,000 + $16,000 ) ÷ $250,000] × 100%
= 16.4%
IT TOTAL REVENUE IS GREATER THAN TOTAL VARIABLE COSTS, THE AIRLINE SHOULD SELL A POSITIVE QUANTITY OF TICKETS
Answer: TRUE
Explanation:If Total Revenue is greater than Total variable cost,the Airline is expected to sell more or positive number of tickets.
TOTAL REVENUE: this is the total receipts from the sale of goods and services rendered to customers. It can also be described as the total amount of money collected from the sale of goods and for services rendered in this case what is sold is the Airline Tickets.
TOTAL VARIABLE COST: is the total costs incurred by a business entity for the production of goods or the services rendered,the services can be the airline tickets. Total variable costs increases as the number of Products and services increase.
Which shift in the demand curve is most likely to describe a company in a monopolistically competitive market that begins to spend more on advertising?
Answer:
The demand curve would shift to the right
Explanation:
A monopolistic competition is when there are many buyers and sellers of differentiated goods.
Producers in a monopolistic competition usually engage in advertising.
Advertising increases the awareness of a good or service to consumers which should increase the demand for the good. Increase in demand for the good, would shift the demand curve of the good to the right.
I hope my answer helps you
Can a set of indifference curves be upward sloping? If so, what would this tell you about the two goods?
Answer:
D. cannot be upward sloping because this violates the assumption that more is better than less, indicating that one of the goods is a "bad."
Explanation:
The curve of indifference is the curve at which the combination of two products is shown in such a way that the consumer gets equal satisfaction making the consumer distinct.
It cannot be upward sloping as it makes the comparison between the good and the bad item that represents the good item is more better than the bad item that reflects one of the items is bad
This is an incomplete question, the options are shown below:
A.cannot be upward sloping because this violates the assumption that more is better than less, indicating that one of the goods is a "neutral."
B.cannot be upward sloping because this violates the assumption of transitivity, indicating that one of the goods is a"neutral good."
C.cannot be upward sloping because this violates they the assumption of completeness, indicating that one of the goods is a"bad."
D. cannot be upward sloping because this violates the assumption that more is better than less, indicating that one of the goods is a "bad."
E. cannot be upward sloping because this violates the assumption of transitivity, indicating that preferences are not consistent.