Segmenting Tasks describes specialization the best
What is Specialization?
The method in which a production process is separated into phases, with each employee or company focusing on just one part of the production is known as specialization. When people and organizations specialize, they concentrate on the small number of productive tasks that they excel in.
Specialization is the degree to which activities or tasks in an organization are broken down and divided into individual jobs.
Through specialization, a worker can leverage their education and work history to speed up procedures and boost sales. High-quality work results from specialization.
What is Segmenting Tasks?
The process of segmenting a target market into groups of potential clients with similar requirements and behaviors involves dividing the market into segments.
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5 REFREEZE PROCESSES I DID AND MY REFREEZE PATTERNS
The last step, known as Refreezing, is when people internalize new behaviors or changes, embrace them as a part of their lives, and build new connections.
If thawed food has ice crystals or is at a temperature of 40°F or lower, it can be safely refrozen. Generally speaking, it's safe to refreeze food that has been thawed in the refrigerator because most refrigerators are kept between 34 and 40°F.
Instead, it must first be melted (unfrozen), then poured into a different mold (changed), and then frozen again in the new shape to achieve a shape transition (refreeze). Organizations may better prepare for a new status quo by viewing change as a process with three clearly defined stages.
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Click this link to view O*NET’s Work Styles section for Secondary School Special Education Teachers.
Note that common work styles are listed toward the top, and less common work styles are listed toward the bottom. According to O*NET, what are common work styles needed by Secondary School Special Education Teachers? Check all that apply.
dependability
concern for others
manual dexterity
self control
muscle force
cooperation
The common styles that are needed by Secondary School Special Education Teachers include:
dependabilityconcern for otherscooperationWhat common work styles do Secondary School Special Education Teachers need?According to the website, there are five work styles that are needed if Secondary School Special Education Teachers are to be able to perform their jobs effectively.
The first is dependability. The teachers have to be people who can be reliable when needed and be able to take responsibility for the students under them. Another common work style is concern for others because the teachers will need to be able to show concern for their students to be able to help them.
Cooperation is also needed to be able to enable the teachers wo work with both their colleagues and the students. Other work forms that are needed by the teachers include stress tolerance and integrity.
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Answer:
1, 2, 4, 6
Explanation:
trust
___________consists of the analysis tools, technologies, and processes by which marketers dig out meaningful patterns in big data to gain customer insights and gauge marketing performance.
Marketing analytics consists of the analysis tools, technologies, and processes by which marketers dig out meaningful patterns in big data to gain customer insights and gauge marketing performance.
Marketing is the process of discovering, developing, and delivering value to satisfy a target market's needs for products and services, possibly including the choice of a target market's target audience. For the purpose of generating, conveying, delivering, and trading offerings that are valuable to customers, clients, partners, and society at large, marketing refers to a variety of activities, institutions, and procedures. Creating interest in a company's goods or services is the main goal of marketing. This is accomplished through market study, research, and consideration of the interests of a company's ideal clients, then luring them in with content that would be instructive and beneficial to the target audience. Discovering the needs of the consumer and fulfilling those demands is the process of marketing.
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Which of the following supports a business strategy that incorporates the key
operational capability of flexibility?
O Utilizing specialized, automated equipment for consistent product buildup
O Using electronic tools to improve customer communications
Having high quality standards for suppliers
O Reducing labor and shelving costs
O Maintaining excess production capability
Business strategy that incorporates the key operational capability of flexibility is utilizing specialized, automated equipment for consistent product buildup.
Thus, the correct option is A.
What is Business strategy?
A business strategy explains the precise methods through which a company intends to position itself, accomplish its short- and long-term objectives, and expand over time.
A plan outlining how a corporation will accomplish its objectives is known as a business strategy. Although there are many distinct business strategies, cost leadership, differentiation, and focus are a few typical examples.
Cost, quality, distribution, technology, and intellectual property are the only five corporate tactics (IP). These five concepts, or a mixture of them, form the basis of all corporate strategy. Focusing your business on just one thing is generally the simplest to implement.
A strategy is essentially just a hypothesis. For a strategy to be effective, the issue that needs to be resolved must be accurately diagnosed, a guiding policy must be established to handle the issue, and a set of cogent actions must be proposed to carry out the policy.
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These days, more and more companies are now resorting to selling their goods and services online /
using internet
Discuss the risks and the various internal control activities that are required when selling goods
and services online / using internet.
Numbered sales invoices, purchase order authorization over a specific threshold, and authorization over receivables write-offs are examples of common internal controls over the sales cycle.
A random sample of transactions is chosen by the auditor, and the associated purchase orders, invoices, and customer statements are examined. Internal control risks are threats that jeopardize the efficacy and efficiency of internal controls, which ultimately jeopardize the achievement of goals. Controlling actions - The rules and practices that ensure management directions are followed are known as control sales activities. They cover a wide range of tasks such authorizations, approvals, verifications, reconciliations, reviews of operational performance, asset security, and separation of functions.
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Which step would prevent cross-
contact when preparing an
allergen-free meal?
O a. Removing bones or pits from food
b. Cooking the food for a longer amount
of time
O
O
O
c. Serving allergen-free meals before
other meals
d. Replacing the allergens on a pre-made
meal with safe foods
The step that would prevent cross-contact when preparing an allergen-free meal is option D: Replacing the allergens on a pre-made meal with safe foods.
How can you prepare a meal without allergens while avoiding cross-contact?The phrase "allergy safe" may have also come up in conversation. There are eight primary allergens, so the term "allergen-free" designates goods that are free of the FDA's list of the eight most common allergens as of the present. These foods include peanuts, tree nuts (including coconut), fish, shellfish, eggs, dairy, wheat, and soy.
Therefore, the use pans and utensils that have been thoroughly washed with soap and water when preparing meals free of allergens. Cook the meal free of allergens first if you're cooking multiple dishes at once. Away from any potential splatter from other foods that are cooking, keep it covered.
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What does a person's will list?
what their current financial goals are
what should happen to their finances after
they die
O what types of insurance they have
what their plan for retirement is
A person's will should include, "what should happen to their finances after
they die."
The goal of behavioural finance, an area of study in economics, is to comprehend people's financial decisions by looking at the psychology behind people's motives and general human behaviour patterns. We may claim that these choices are affected by personal and family finances because they are inextricably tied to those elements.
These two sciences—economics and psychology—have "flir-ted" at various points without ever really settling on a point in common. For a long time, Homo Economicus—a hypothetical human being who produces and consumes only on the basis of his own rationality—was the ideal that Economics perceived in the components it investigated.
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On July 1, 2017, the beginning of its fiscal year, Ridgedale County recorded gross property tax levies of $4,200,000. The county estimated that 5 percent of the taxes levied would be uncollectible. As of April 30, 2018, the due date for all property taxes, the county had collected $3,900,000 in taxes. The county imposed penalties and interest in the amount of $14,500 but only expects to collect $12,800 of that amount. At the end of the fiscal year (June 30, 2018), the county had collected $53,000 in delinquent taxes and $4,800 in interest and penalties on the delinquent taxes.
Required
a. Prepare journal entries to record the tax levy on July 1, 2017, in the General Fund. (Ignore all entries in the governmental activities journal.)
b. Prepare a summary journal entry to record the collection of taxes as of April 30.
c. Prepare the journal entry necessary to reclassify the uncollected tax amounts as delinquent.
d. Prepare the journal entry necessary to record interest and penalties.
e. Prepare a summary journal entry to record the collection of delinquent taxes, interest, and penalties.
a. The preparation of the journal entries to record the tax levy on July 1, 2017, in the General Fund is as follows:
July 1, 2017:
Debit Property Taxes Receivable $4,200,000
Credit General Fund $4,200,000
To record the tax levy.Debit General Fund $210,000
Credit Uncollectible Allowance $210,000
To record the estimated allowance for uncollectible.b. The preparation of a summary journal entry to record the collection of taxes as of April 30 is as follows:
April 30, 2018:
Debit Cash $3,900,000
Credit Property Taxes Receivable $3,900,00
To record the collection of taxes.c. The preparation of the journal entry necessary to reclassify the uncollected tax amounts as delinquent is as follows:
April 30, 2018:
Debit Delinquent Taxes Receivable $90,000
Credit Property Taxes Receivable $90,000
To reclassify uncollected taxes as delinquent taxes.d. The preparation of the journal entry necessary to record interest and penalties is as follows:
April 30, 2018:
Debit Penalties and Interest Receivable $14,500
Credit Penalties and Interest Revenue $14,500
To record interest and penalties.e. The preparation of a summary journal entry to record the collection of delinquent taxes, interest, and penalties is as follows:
June 30, 2018:
Debit Cash $57,800
Credit Delinquent Taxes Receivable $53,000
Credit Penalties and Interest Receivable $4,800
Transaction Analysis:July 1, 2017: Property Taxes Receivable $4,200,000 General Fund $4,200,000
July 1, 2017: General Fund $210,000 Uncollectible Allowance $210,000
April 30, 2018 Cash $3,900,000 Property Taxes Receivable $3,900,00
April 30, 2018: Delinquent Taxes Receivable $90,000 Property Taxes Receivable $90,000
April 30, 2018: Penalties and Interest Receivable $14,500 Penalties and Interest Revenue $14,500
June 30, 2018: Cash $57,800 Delinquent Taxes Receivable $53,000 Penalties and Interest Receivable $4,800
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Which of the following activities does NOT belong to the controlling phase of project management? A. shift resources B. revise plans C. define the project D. monitor resources, costs,quality, and budgets
Define the project activities does NOT belong to the controlling phase of project management.
There are five stages in project management. Initiation, Planning, Execution, Control, and Closure are these steps. The "defining the project" action happens during the project's planning phase. As the name implies, attempts are done during the controlling phase to get the project back on track if it has veered off course.
The regulating phase of project management includes activities including resource reallocation, plan updates, and monitoring important project characteristics like resources, costs, quality, and budgets, among others.
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an individual, age 45, would life to help pay for his daughters college expenses in 10 years. which annuity would be appropriate for this individual?
An individual, age 45, would life to help pay for his daughters college expenses in 10 years. deferred annuity would be appropriate for this individual.
A deferred annuity is an agreement with an insurance provider that guarantees the owner will receive a regular income or lump amount at a later time. Deferred annuities are frequently used by investors as a supplement to other retirement income sources like Social Security.
A retirement fund where the investor is not yet prepared to retire is the most typical example of a deferred annuity. They wait till they are retired before taking withdrawals (payments). The fund accrues interest during this period. Even when the investor is taking money out of the fund, the fund is still earning interest.
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if you have a business cafe what is your mission in your business
Answer:
If I would have a business cafe, my mission would be to make it famous. I know, not possible as McDonald's, but still possible, at least! Marketing ideas are the things that matter the most. Ideas like adding a big name board, a different decor, an amazing home-food menu, and most importantly, overall management and customer service as the most kind and really helpful. Because sometimes, people rate cafes bad, or low just because of the service management. They act rude towards the customers or ignore them which makes the customer feel "never coming here again". This is what causes your cafe to be underrated. Finally, my mission is to make my cafe famous. Like McDonald's.
Drag the tiles to the correct boxes to complete the pairs.
Match each business function with its
description
operations
marketing
finance
strategy
deals with the challenges that a company
faces in the ever-changing business
environment
deals with debt, stock, and owner's funds
readies products and services for
production and delivers them to the market
deals with finding, targeting, attracting, and
connecting with the right customers
Reset
Next
Answer:
description: readies products and services for
production and delivers them to the market
strategy: deals with the challenges that a company
faces in the ever-changing business
environment
finance: deals with debt, stock, and owner's funds
marketing: deals with finding, targeting, attracting, and
connecting with the right customers
How can one measure demand curve?
BLANK helps in studying how many units (or the volume) customers would buy at a proposed price.
Demand helps in studying how many units (or the volume) customers would buy at a proposed price.
What is demand?The quantity of a good that consumers are willing and able to buy at different prices during a specific time is known as demand in economics. The demand curve is another name for the relationship between price and quantity demand.
According to the economic principle known as the law of demand, customer demand for a good increases when prices are low and decreases when prices are high. When shoppers rush to purchase goods at steep prices during Black Friday bargains, the law of demand is in effect.
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outline two possible reasons why BPM has profit as an objective
Increased productivity may result from using business process management. Companies are facing increased competition and challenging survival conditions.
What are the advantages of BPM?BPM assists businesses in the short term by lowering expenses and boosting productivity. Increasing speed, organization, and efficiency for government agencies as well as greater revenue and growth for businesses are all possible outcomes of this. In the long run, BPM increases organizational agility to assist establish competitive advantage.
What advantages can IT BPM bring to the national economy?In addition to improved government coordination processes, the country's excellent telecommunications infrastructure and the steady supply of competent workers in urban areas, where the population base is expanding at steady replacement rates, are advantages for IT-BPM businesses.
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Rachelle owns a business with her brother, ryan. last year, their company earned a profit of $200,000. rachelle paid taxes on her $100,000 share on her individual tax return because?
A (wrong)
C (wrong)
D (maybe)
Rachelle paid taxes on her $100,000 share on her individual tax return because she and her brother own a partnership that has pass-through taxation.
A tax return is a form (or series of forms) submitted to a taxing body that lists income, expenses, and other crucial tax data. Tax returns give taxpayers the option to determine their tax obligations, plan out their payments, or ask for reimbursement for any taxes they have paid in excess of what is required. In the majority of nations, anybody or any business with taxable income, such as wages, interest, dividends, capital gains, or other earnings, is required to file tax returns annually.
A partnership is a legal agreement between two or more parties to run a business and split the profits. Partnership agreements come in a variety of forms. In particular, all partners in a partnership business share earnings and liabilities equally, although in other cases, partners may have restricted liability.
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In the simple ranking method of performance measurement, managers rank employees in their group from the highest performer to the poorest performer.
a. True
b. False
In the simple ranking method of performance measurement, managers rank employees in their group from the highest performer to the poorest performer is true.
Business performance management, also referred to as corporate performance management and enterprise performance management, is a collection of performance management and analytical procedures that allows for the management of an organization's performance in order to accomplish one or more predetermined goals. Business performance—which is closely related to commercial effectiveness—is defined by a company's capacity to implement an ideal organisational structure with the goal of providing a good or service that meets the needs of customers and consumers. Successful workers achieve deadlines, generate revenue, and enhance the company's reputation through satisfying interactions with clients. When workers don't do their jobs well, customers believe that the business doesn't care about them and will look elsewhere for assistance.
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24. A Large coca-cola vendor recently hired some economic analysts to assess the effect of a price increase in its 16-ounce bottles from $1.00 to $2.00. The analysts determined that, on average, the vendor’s customers spend about $15.00 on soda (Coke and all other brands) each week, and the average price for other 16-ounce soda bottles is $1.00. The analysts also utilized some focus groups to determine the preferences of the vendor’s customers. They used this analysis to build the following graph: Suppose x0 = 9 and X1 =7. Should the vendor expect to sell 7, more than 7, or less than 7 bottles of coke after raising the price to $2.00 if coke is a normal good?
As per the effect on the given situation, the vendor should expect to sell less than units of soda if there is a price increase.
Vendor:
Vendor refers the individual or company that sells goods or services to someone else in the economic production chain.
Given,
A Large Coca-Cola vendor recently hired some economic analysts to assess the effect of a price increase in its 16-ounce bottles from $1.00 to $2.00. The analysts determined that, on average, the vendor’s customers spend about $15.00 on soda (Coke and all other brands) each week, and the average price for other 16-ounce soda bottles is $1.00. The analysts also utilized some focus groups to determine the preferences of the vendor’s customers.
Here we need to find the effect of increasing the price on the market.
According to the given question, in this case, the normal goods can be divided into two effects: substitution and income.
Here the substitution effect has a straight association with the consumers.
And it changes cheaper goods when the price of the commodity rises. This effect will always results in the fall in consumption of price-increased goods and the increase in consumption of all the other goods.
Whereas the Income effect is the cause of the decreasing consumption of both goods, and it directly connects with the consumer's income.
This one is also, their consumption of goods will be reliant on their income.
Therefore, if there is a price increase in soda, the final consumption will decrease by applying the substitution and income effect. And also, both effects will fall in the same direction, causing final consumption to be less than units.
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Which vocal characteristics ar eimportant to nonverbal communication? Choose 3 answers.
Question 9 options:
inflection
words
tone
modulation
Inflection, modulation, and tone are vocal characteristics that are important to nonverbal communication. Therefore options A, C, and D are correct.
What is Non Verbal communication?Nonverbal communication, often known as manual language, is the process of conveying information without the use of spoken or written words. Nonverbal conduct may highlight specific aspects of verbal communication, much like italicizing accentuates written material.
In their 1956 book "Nonverbal Communication: Notes on the Visual Perception of Human Relations," psychiatrist Jurgen Ruesch and writer Weldon Kees coined the phrase "nonverbal communication."
Therefore options A, C, and D are correct
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If an item is $2.49 for 15 ounces, then it is $ 5.7 /ounce. (Express answer in dollars and cents. Round to the nearest cent.)
As per the concept of Currency exchange, If the item is 2 dollar 50 cents for 15 ounces, then it is 5 dollar 70 cents per ounces.
Currency exchange:
Currency exchange refers the licensed business that allows customers to exchange one currency for another.
Given,
If an item is $2.49 for 15 ounces, then it is $ 5.7 /ounce.
Now, we have to express the value in dollars and cents.
Basically, we know that,
1 dollar = 100 cents.
But here we have to convert only the decimal value in the price,
So, we have to take the decimal values in it,
Then we get,
.49 and .7.
Now, we have to multiply 100 with this value in order to convert it into cent,
=> .49 x 100 = 49 cents
When we round off it then we get 50 cents.
=> .7 x 100 = 70 cents.
Therefore, it can be expressed as, 2 dollar 50 cents and 5 dollar and 70 cents.
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other receivables do not include? a.taxes receivable. b.trade receivables. c.interest receivable. d.officers and employees receivable.
The officers and employees receivable do not include in other receivables.
The other receivables is the other accounts receivables or payable are financial assets consisting of trade credit and advances and other items due to be received or paid.
Those other receivables that meet all the requirements of the "Eligible Receivable" other than that the obligor is not an acceptable obligor.
The other receivables are assets that client owe to a company and are converted into cash in a less than a year.
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Arianna is an administrative assistant in the Human Resources Department. Her good friend, John, is applying for a job with the company and she has agreed to serve as a reference for him. John approaches her for advice on preparing for the interview. Arianna has the actual interview questions asked for all applicants and considers making him a copy of the list so he can adequately prepare
As part of Human Resources Department, if Arianna provides the actual interview questions to John, then, she is violating the an ethical conduct that is expected from her, as a HR staff, because she is suppose ensure a fair interview process of all job applicant rather than short-changing it.
What is an ethical practice?Basically, an ethic refers to an idea or moral belief that influences the behaviour, attitudes, and philosophy of a group of people.
In an organization, an ethical practice, means application of ethical values in organisational behavior. Its applies to all aspects of organisational conduct including in corporate governance, employment practices, sales techniques, stakeholder relations, accounting practices, issues of product, corporate responsibility etc.
Missing words "Identify the ethical issue or problem"
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Which of the following is the correct way to communicate nonverbally in a boardroom meeting?
Question 7 options:
hands on the table
elbows propped on table
reclined in chair
hands on head
Answer:
B. Elbows propped on the table.
Explanation:
Every other options seems inappropriate for the situation given. Reclined in chair is informal and inappropriate for a meeting. Hands on head is also informal and unprofessional. Elbows propped on table is disrespectful and not mannerly when in a formal setting such as a boardroom meeting.
the expensing of a natural resource is called a. depletion. b. depreciation. c. replenishing. d. amortization.
Answer: The correct answer is option (A) Depletion.
Explanation: depletion is an accountancy technique used to summarize the expenses of extracting natural resources such as minerals, timber and oil from the planet.
depletion is a non-currency expense that lessens the cost value of an asset increasingly via scheduled charges to income.
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When selecting an investment, which criterion relates to the expected rate of return on an investment, usually over a period of one year?
Multiple choice question.
A. Duration
B. Liquidity
C. Investment risk
D. Yield
When selecting an investment, yield criterion relates to the expected rate of return on an investment, usually over a period of one year.
An investment is an asset or item purchased with the intention of earning income or increasing in value.Appreciation is the term used to describe a rise in an asset's value over time.When a person buys a good as an investment, the intention is not to consume the good but rather to use it to create wealth in the future.
A good way to put your money to work and possibly increase your wealth is to invest. Your money may experience value growth and outperform inflation if you invest wisely.
Hence, the correct option is "D".
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Kao Engines Inc. produces three products—pistons, valves, and cams—for the heavy equipment industry. Kao Engines’ production process uses a single plantwide factory overhead rate based upon direct labor hours to allocate overhead to the three products. The three products for 20Y2 are as follows: Product Budgeted Volume (Units) Direct Labor Hours Per Unit Price Per Unit Selling Price Per Unit Pistons 7,500 0.40 $12 $40 Valves 16,000 0.50 6 75 Cams 4,000 0.20 20 60 The estimated direct labor rate is $25 per direct labor hour. Beginning and ending inventories are negligible and are, thus, assumed to be zero. The budgeted factory overhead for Kao Engines is $377,600. Question Content Area If required, round all per unit answers to the nearest cent. a. Determine the plantwide factory overhead rate. fill in the blank 1 of 1$ per dlh b. Determine the factory overhead and direct labor cost per unit for each product. Product Direct Labor Hours Per Unit Factory Overhead Cost Per Unit Direct Labor Cost Per Unit Pistons fill in the blank 1 of 9 dlh fill in the blank 2 of 9$ fill in the blank 3 of 9$ Valves fill in the blank 4 of 9 dlh fill in the blank 5 of 9$ fill in the blank 6 of 9$ Cams fill in the blank 7 of 9 dlh fill in the blank 8 of 9$ fill in the blank 9 of 9$ Question Content Area c. Use the information provided to construct a budgeted gross profit report by product line for the year ended December 31, 20Y2. Include the gross profit as a percent of sales in the last line of your report, rounded to one decimal place. Kao Engines Inc. Product Line Budgeted Gross Profit Reports For the Year Ended December 31, 20Y2 Description Pistons Valves Cams $- Select - $- Select - $- Select - Product Costs $- Select - - Select - - Select - - Select - - Select - - Select - - Select - - Select - - Select - Total product costs $Total product costs $Total product costs $Total product costs Gross profit $Gross profit $Gross profit $Gross profit Gross profit percentage of sales Gross profit percentage of sales % Gr
a) The plantwide factory overhead rate is $32 per direct labor hour.
b) The factory overhead and direct labor cost per unit for each product are:
Pistons Values Crams
Overhead cost per unit $12.80 $16.00 $6.40
Direct labor cost per unit $10.00 $12.50 $5.00
c) A budgeted gross profit report by product line for the year ended December 31, 20Y2 for Kao Engines, Inc.
Kao Engines Inc.
Product Line Budgeted Gross Profit ReportsFor the Year Ended December 31, 20Y2
Pistons Valves Cams
Sales Revenue $300,000 $1,200,000 $240,000
Product Costs:
Direct materials Costs $90,000 $48,000 $16,000
Direct labor costs 75,000 200,000 20,000
Overhead 96,000 256,000 25,600
Total Product Costs $261,000 $504,000 $61,600
Gross profit (loss) $39,000 $696,000 $178,400
Gross profit percentage of sales 13% 58% 74%
What is the gross profit?The gross profit is the difference between the total revenue and the cost of goods sold.
The gross profit percentage of sales is computed by dividing the gross profit by the sales revenue, and multiplied by 100.
Pistons Values Crams
Product Budgeted Volume (Units) 7,500 16,000 4,000
Direct Labor Hours Per Unit 0.40 0.50 0.20
Total direct labor hours 3,000 8,000 800 11,800
Direct labor rate = $25 per hour
Total direct labor costs $75,000 $200,000 $20,000
Direct Materials Cost Per Unit $12 $6 $20
Total Direct Materials Costs $90,000 $48,000 $16,000
Total overhead $96,000 $256,000 $25,600
Selling Price Per Unit $40 $75 $60
Sales Revenue $300,000 $1,200,000 $240,000
Product Costs:Direct materials Costs $90,000 $48,000 $16,000
Direct labor costs 75,000 200,000 20,000
Direct labor cost per unit $10 $12.50 $5
Overhead 96,000 256,000 25,600
Overhead cost per unit $12.80 $16 $6.40
Total Product Costs $261,000 $504,000 $61,600
Budgeted Volume (Units) 7,500 16,000 4,000
Product unit cost $34.80 $31.50 $15.40
Budgeted Overhead = $377,600
Total direct labor hours = 11,800 hours
Predetermined overhead rate per direct labor hour = $32 ($377,600/11,800)
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If the interest rate is greater than the inflation
rate, what happens?
Answer:
If the inflation rate exceeds the interest earned on a savings or checking account, then the investor is losing money.
Explanation:
If the interest rate is greater than the inflation rate, than the investor who is saving money will get benefit because the interest rate given by the bank in saving is more than inflation rate in an economy.
What is Inflation?Inflation is a persistent rise in prices of commodities and services. Inflation leads to decline of purchasing power of the people over time.
Inflation is mostly classified into three types: demand-pull inflation, cost-push inflation, and built-in inflation. The most commonly used inflation indexes are the Consumer Price Index and the Wholesale Price Index.
The inflation impact in a different way in different sections of the economy. Like it is benefiting the debtors but consumers are negatively impact due to price rise of commodities.
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Jeri Lammers, a part-time teller at Second State Bank, is married and claims 3 allowances,
Answer:
6. Jeri Lammers, a part-time teller at Second State Bank, is married and claims allowances.
Explanation:
He who’s the person?
in perfect competition, ‘firms are price taker’. With help of an example, explain how firms in perfect competition are price takers?
In perfect competition , firms are price taker as they sell the product at equilibrium price and the price and output is determined by forces of market demand and supply.
For example, equilibrium price is $20 . Producers assumes to sell all the toys it want at price of $20. No matter how much it produces, the producer will sell at the market price only.
They cannot set their own price as firms are price takers not makers. They have no reason to charge price lower than its market price.
The buyers have full knowledge about the product and the products are also identical in nature , therefore they cannot charge higher price than market price.
Perfect competition firms have horizontal demand curve at market price as average revenue is equals to market revenue.
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The maximum quantity that an economy can produce, given its existing levels
of labor, physical capital, technology, and institutions, is called:
real GDP.
potential GDP.
aggregate supply.
aggregate demand.
The maximum quantity that an economy can produce, given its existing levels of labor, physical capital, technology, and institutions, is called potential GDP.
Thus, the correct option is B.
What is GDP?
The total worth of all commodities and services generated as final goods and services inside a nation's boundaries throughout a year is known as the gross domestic product (GDP), which is calculated after deducting all intermediate consumption.
The Federal Republic of Germany's gross domestic product for 2018 was 3,388 billion.
GDP is significant since it provides information on the size and health of an economy. Real GDP growth is frequently used as a gauge of the economy's overall health. In general, an increase in real GDP is seen as a positive indicator of the health of the economy.
When a nation has a positive trade balance or surplus, its GDP rises. However, a trade deficit occurs when a nation spends more on importing goods and products than on exporting them, which lowers GDP.
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What happens if you only make the minimum payment on your credit card statements
Yes, you can maintain the use of your credit card by making only the Minimum Payment Due each month. However, there won't be an interest-free time and you'll have to pay exorbitant interest rates.
What takes place when you only pay the minimum amount. Even though it's crucial to make at least the minimum payment each month, it's not recommended to carry a credit card balance from month to month because you'll accrue interest fees (unless you're taking advantage of an introductory 0% APR) and run the danger of going into debt. A minimum payment won't lower your credit score by itself because you aren't skipping a payment.
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