A product cost is recognized in the period during which related revenue is recognized. A product cost refers to the expenses incurred in the production or acquisition of goods or services that a company sells.
It includes direct costs, such as the cost of materials and labor, as well as indirect costs, such as factory overhead. When it comes to recognizing these costs, it is important to understand the concept of matching principle in accounting. The matching principle states that expenses should be recognized in the same period as the related revenue. This helps ensure that the financial statements accurately reflect the profitability of the business. In the case of product costs, they are recognized in the period during which the related revenue is recognized. This means that when the company sells the products or services, and the revenue from those sales is recorded, the associated product costs are also recognized as expenses in that same period.
For example, let's say a company manufactures and sells widgets. The cost of producing those widgets, including the materials used and the labor involved, would be considered product costs. When the company sells the widgets and records the revenue from those sales, it would also recognize the product costs as expenses in that same period. Therefore, a product cost is recognized in the period during which related revenue is recognized.
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what statement best illustrates an example of economic specialist
crown company produces and sells two products. the following monthly data are provided: slicer chopper unit selling price $10 $15 variable manufacturing costs 6 9 variable selling and administrative costs 1 1 estimated unit sales per month 280 420 the break-even point for the current sales mix is 360 units (144 slicer models and 216 chopper models). what would be the impact on profit if 360 units are sold but 145 slicer models are sold instead of 144?
To calculate the impact on profit if 360 units are sold but 145 slicer models are sold instead of 144, we need to calculate the difference in revenue and costs between the two scenarios.
If 145 slicer models are sold, the revenue from slicer sales would be $1,450 (145 x $10).
If 144 slicer models are sold, the revenue from slicer sales would be $1,440 (144 x $10).
So, the difference in revenue between the two scenarios is $10.
If 145 slicer models are sold, the variable costs of slicer production would be $870 (145 x $6).
If 144 slicer models are sold, the variable costs of slicer production would be $864 (144 x $6).
So, the difference in variable costs between the two scenarios is $6.
If 145 slicer models are sold, the variable selling, and administrative costs would be $145 (145 x $1).
If 144 slicer models are sold, the variable selling, and administrative costs would be $144 (144 x $1).
So, the difference in variable selling and administrative costs between the two scenarios is $1.
The revenue from chopper sales and the variable costs of chopper production and selling and administrative costs would be the same in both scenarios because the number of chopper models sold is the same.
So, the impact on profit would be an increase of $3 ($10 - $6 - $1). This is because selling one more slicer model than expected would increase revenue by $10 and increase variable costs by $6 and $1.
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tony is conducting a team meeting, and he notices that brittany rolls her eyes every time he says something. tony should .
Tony is conducting a team meeting, and he notices that Brittany rolls her eyes every time he says something. Tony should politely seek additional information by saying, "I'm not sure that you really agree with my ideas.
A meeting is a gathering of two or more individuals who have been asked to come together with the aim of reaching an agreement or sharing information in order to accomplish a common objective. Meetings can be held in person or electronically, thanks to communications technologies.
Meetings can include lectures, seminars, conferences, congresses, exhibitions or trade shows, workshops, training sessions, team-building exercises, and opening ceremonies.
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3. Describe the ways in which the state intervened in the economy to impact South Korea’s
economic growth between 1963 and 1997? Why is this considered justified when markets
were less developed during the initial, catch up stages of development?
4. What trajectory did South Korea’s export-led industrialization strategy follow? What were
some of the incentives the government provided?
3. South Korea has demonstrated how state intervention could lead to economic growth. The state intervened in the economy in a number of ways. Firstly, the government has played a significant role in funding and promoting research and development in specific sectors through its development policies.
Secondly, the government has been instrumental in implementing reforms that have facilitated the growth of the private sector. Thirdly, the government has encouraged investment from foreign companies. Fourthly, the government has controlled the domestic economy by keeping inflation low, controlling currency values, and limiting the amount of foreign debt. Fifthly, the government has offered tax incentives, low-interest loans, and other financial support to businesses to encourage them to develop in specific sectors.
This is considered justified when markets were less developed during the initial, catch-up stages of development because markets were not strong enough to generate the necessary investment, innovation, and growth on their own. The state had to intervene to help build the foundations for the growth of the private sector.
4. South Korea's export-led industrialization strategy followed a unique trajectory. The country began by focusing on labour-intensive industries such as textiles and light manufacturing. As its economy developed, it shifted towards more capital-intensive industries such as steel, petrochemicals, and heavy machinery. It then moved to high-technology industries such as electronics, semiconductors, and biotechnology. This evolution was driven by the government's policies of investment in education, research, and development, and incentives for businesses to focus on the export market. Some of the incentives provided by the government include infrastructure development, tax incentives, low-interest loans, and export credit insurance. This strategy has been instrumental in South Korea's economic growth and has transformed the country from one of the world's poorest nations to a global economic powerhouse.
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Government securities guarantee fixed payments and set intervals. If the demand for money declines, however, the value of these securities declines as well.Drop down:business risk; financial risk; interest rate risk; liquidity risk; market risk; purchasing power risk
The type of risk that will see the value of securities dropping due to the demand for money declining, is interest rate risk.
What is interest rate risk?Interest rate risk is the risk that the value of fixed payment investments such as government securities, could lose value if the interest rates in the market decreased and there was therefore a loss of demand.
This is why the risk that the value of government securities decreases, when there is a lower demand for money, falls under interest rate risk.
In conclusion, the risk involved when the value of securities fall is interest rate risk.
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when congress reduces spending in order to balance the budget, it needs to consider what?
When Congress reduces spending in order to balance the budget, it needs to consider several factors:
Priorities and allocations: Congress needs to determine which areas of government spending should be prioritized and allocate funds accordingly. This involves making decisions about which programs or services are essential and should receive funding, and which can be reduced or eliminated.
Impact on public services: Congress needs to consider the potential impact of spending reductions on public services and programs. They need to assess how cuts in funding may affect the delivery of important services, such as healthcare, education, infrastructure, and social welfare.
Economic consequences: Congress should take into account the potential economic consequences of reducing spending. Cutting spending too abruptly or in certain areas can have an impact on economic growth, employment, and overall economic stability. They need to strike a balance between fiscal responsibility and maintaining economic health.
Political considerations: Congress needs to consider the political implications of spending reductions. They must take into account public opinion, potential backlash, and the need to garner support for budgetary decisions.
Overall, Congress must carefully weigh the various factors and implications of spending reductions to ensure they achieve their goal of balancing the budget while considering the needs of the nation and its citizens.
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who is the CEO of Amazon
Which type of bankruptcy leaves your credit report sooner?
I5
Hubbard's Pet Foods is financed 60% by common stock and 40% by bonds. The expected return on the common stock is 11.7%, and the rate of interest on the bonds is 6.3%. Assume that the bonds are default-free and that there are no taxes. Now assume that Hubbard's issues more debt and uses the proceeds to retire equity. The new financing mix is 36% equity and 64% debt. Assume the debt is still default free.
a. Given the initial capital structure, calculate the expected return on assets. (Do not round intermediate calculations. Enter your answer as a percent rounded to 1 decimal place.)
b. Given the revised capital structure, calculate the expected rate of return on equity. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
The expected rate of return on equity is 5.508% (rounded to 2 decimal places).
a. To calculate the expected return on assets, we need to take into account the proportions of common stock and bonds in the initial capital structure, as well as their respective expected returns.
Given that Hubbard's Pet Foods is financed 60% by common stock and 40% by bonds, we can calculate the weighted average expected return on assets using the following formula:
Expected Return on Assets = (Proportion of Common Stock * Expected Return on Common Stock) + (Proportion of Bonds * Interest Rate on Bonds)
Substituting the given values:
Expected Return on Assets = (0.6 * 11.7%) + (0.4 * 6.3%)
Calculating:
Expected Return on Assets = 7.02% + 2.52% = 9.54%
Therefore, the expected return on assets is 9.54% (rounded to 1 decimal place).
b. To calculate the expected rate of return on equity after the change in capital structure, we need to consider the new proportions of equity and debt.
Given that the new financing mix is 36% equity and 64% debt, we can calculate the expected rate of return on equity using the following formula:
Expected Rate of Return on Equity = Expected Return on Assets - (Proportion of Debt * Interest Rate on Debt)
Substituting the given values:
Expected Rate of Return on Equity = 9.54% - (0.64 * 6.3%)
Calculating:
Expected Rate of Return on Equity = 9.54% - 4.032%
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Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT?
All of the following, with the exception of conditions, are required.
Describe insurance.One party will agree to compensate another in the event of a certain loss, damage, or injury in exchange for a fee in order to safeguard oneself from financial loss. It is a risk management technique that is typically used to guard against the danger of a hypothetical loss that may or may not materialise.
An underwriter, insurer, firm, or carrier is a company that provides insurance. A person or organisation that obtains insurance is known as a policyholder, whereas a person or organisation that the policy protects is known as an insured.
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Which of the following choices correctly ranks the four economic markets in order from easiest to enter to most difficult to enter?
a.monopoly, monopolistic competition, oligopoly, perfect competition
b.perfect competition, monopoly, oligopoly, monopolistic competition
c.oligopoly, monopoly, monopolistic competition, perfect competition
d.perfect competition, monopolistic competition, oligopoly, monopoly
why did Puma build a single centralized Web site rather than
continue with multiple web sites serving different countries and
regions?
Puma built a single centralized website rather than continuing with multiple websites serving different countries and regions to have better control over their online presence and branding.
There are several other reasons as well why Puma decided to build a single centralized website:
1. Consistency: A centralized website ensures a consistent brand image and user experience across all regions.
2. Simplified Management: Managing one website reduces the complexity and resources required to maintain multiple sites.
3. Cost Savings: A single website allows Puma to save on costs associated with development, maintenance, and updates of multiple sites.
4. Easier Updates: With a centralized site, Puma can easily implement changes, updates, or new features across all regions simultaneously which would be a hassle with multiple websites.
5. Centralized Data: A single website allows Puma to gather and analyze data from all regions in one place, making it easier to understand customer behavior and preferences.
In summary, Puma chose to build a single centralized website to ensure brand consistency, simplify management, save costs, streamline updates, and centralize data analysis.
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Which persuasive appeal do you think is the most effective in advertising? Explain.
The Upper Tier has a current debt-equity ratio of .52 and a target debt-equity ratio of .45. The cost of floating equity is 9.5 percent and the flotation cost of debt is 6.6 percent. What should the firm use as their weighted average flotation cost?
Answer: 8.60%
Explanation:
Given the following :
Current debt-equity ratio = 0.52
Target debt-equity ratio = 0.45
Cost of floating equity = 9.5%
Floatation cost of debt = 6.6%
The Weighted average cost is calculated by finding the Weighted average cost of both debt and equity.
1 + 0.45 = 1.45
Weight of debt= 0.45/ 1.45 =0.31034
Weight * cost of debt
0.31034 × 6.6% = 2.0482758
Weight of equity = 1/1.45 = 0.6896551
Weight * cost of equity
0.6896551 × 9.5% = 6.5517241
Sum of both
(6.55 + 2.05) % = 8.60%
Which of the following is not the process of financial management? A Evaluating financial status B Setting goals C Record monthly expenses D Creating financial plan
Answer:
C) Record monthly expenses
Explanation:
The concept of limited liability
Answer: Function, The function of the concept of limited liability is to provide the owners of businesses a way to protect their personal assets. For example, if a business is sued, the person seeking compensation cannot go after the personal property of the business' owners.
Types The concept of limited liability gives rise to a variety of different types of business organizations.These include corporations and limited liability companies, all of which are created by the laws of each of the 50 states.
Significance The concept of limited liability plays a significant role in commerce. Absent the concept of limited liability, individuals would shy away from investing in businesses of any type. The vast majority of individuals would not want to put their personal property at risk by becoming involved in a business enterprise.
Features The concept of limited liability restricts the amount of money a person risks to what she invests in a business enterprise
Exception Protections normally associated with the concept of limited liability can be set aside in certain situations. For example, if a business owner co-mingles personal and business assets -- in a common bank account, for example -- an individual with a claim against the business likely can seek compensation from some, if not all, of the business owner's personal assets.
Expert Assistance A business owner facing a situation in which another individual or business makes a claim against the business should seek legal assistance. A qualified attorney not only protects the interests of the business but works to ensure that the owner's personal assets do not end up in jeopardy.
Explanation:
What are the advantages and disadvantages of the three primary business writing formats?
Answer and Explanation:
The business writing formats benefits and disadvantages of the three primary business writing formats are described below:-
A memorandum is a formal define that it is the way of communication that enables corporations to connect with their workers. This is typically used to distribute updates or issues.
Memos are highly increasingly being replaced by e-mail, so sending a memo is more difficult and costly. Therefore, a Business Letter is a structured communication method that's best used to connect with clients.
It generally takes more time to write and format a business letter than to write an email or memo.
As we know that an Email is easy to send and priceless, and make enable to send message to many people at a time also Many unwritten e-mails etiquette rules and can be too casual for many business purposes.
Business writing formats includes the use of memorandum, email business letters etc. The advantages and disadvantages of the three primary business writing formats are:
A Memorandum: (Advantages)
This is simply a formal, internal communication tool which allows companies to communicate with their employees. It is known to be used to deliver announcements or problems.Disadvantages
Memos are said to be rapidly been replaced by e-mail due to the fact that it is more complicated and expensive to deliver a memo.Business letters (Advantages)
A Business Letter is simply known as a formal communication tool which is utilized for communicating with customers.Disadvantages
Writing and formatting a business letter often takes more time than composing a memo or e-mail.Emails (Advantages)
E-mail is quick, easy and cheap, and allows you to send messages instantly to any number of people.Disadvantages
E-mail has too much unwritten rules to follow (etiquette) and it is too informal for many business purposes.Learn more from
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It cost Levi Jeans $14 to create jeans. The company wishes to mark all jeans up by $42.55. What is the retail price and markup percentage of jeans?
Answer:
0.32902467 but id move the desimal so it would be 32$ and 90 cents but u can cut of the cents sorry i suck at math i tried sorry if this didnt do much
Explanation:
Which example best shows a safety issue related to a large manufacturing business?
Question 13 options:
The machines at the business are found to waste energy and cause excess costs.
Broken machinery and flammable chemical containers are left sitting in the parking lot.
Poverty has forced the neighborhood surrounding a business to become deserted.
The flu season has caused a high rate of absent employees at the business.
The example that best shows safety issue is B. Broken machinery and flammable chemical containers are left sitting in the parking lot.
How is this a safety issue ?Improperly repaired or unremoved broken machinery poses a significant risk of potential accidents and injuries to workers. Also, maintaining flammable chemical containers in the parking lot can trigger explosive or harmful situations where chemicals may leak or ignite.
This, in turn, could lead to unfavorable outcomes by endangering the employees, visitors, as well as the surrounding environment. However, other available options unrelated to security might pertain to cost reduction measures for energy conservation purposes aimed at achieving financial and environmental benefits.
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Several years ago, Jeff purchased stock for $5,125. Last month he sold the stock for
$7,411. What was his gross capital gain?
If Several years ago, Jeff purchased stock for $5,125. Last month he sold the stock for $7,411. His gross capital gain is: $2,286.
Gross capital gainIn order to determine the gross capital gain since we were told that he purchased stock for the amount of $5,125 in which last month he sold the stock for the amount of $7,411 we have to deduct the current stock selling price form the stock purchase price by making use of this formula to determine the gross capital gain.
Gross capital gain = Current stock selling price - Stock purchase price
Where:
Current stock selling price = $7,411
Stock purchase price = $5,125
Let plug in the formula so as to find the gross capital gain
Gross capital gain = $7,411 - $5,125
Gross capital gain =$2,286
Therefore If Several years ago, Jeff purchased stock for $5,125. Last month he sold the stock for $7,411. His gross capital gain is: $2,286.
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____ is all about finding, targeting, attracting, and connecting with the right customers?
Answer:
Marketing
Explanation:
Marketing is all the activities of interesting customers with specific products or services. Marketing is a process that includes research, promotion, selling, and distribution of goods and services. Marketing facilitates trade by highlighting to customers products that add value to their lives.
Through marketing, a business captures the attention of its target clients. Marketing creates excitement in potential customers, resulting in a company attracting and acquiring new clients.
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The Earth has a moment of inertia, I = 8.04×10^37 kg*m^2. The Earth rotates at a moderate angular velocity of 7.2921159 ×10^−5 radians/second.
Using Conservation of Angular Momentum we can find the new rotation of the earth.
L=I*omega= 8.04×10^37 kg*m^2 * 7.2921159 × 10^−5 = 5.86286*10^33.
5.86286*10^33 = (8.04×10^37 + 1.5424*10^22) *omega
-> solve for omega = 7.292115899502489e-05
This is 4.97511e-15 rad/s slower than earth's original rotation. This translates to 6.752*10^-10 seconds = 0.6752 nanoseconds longer per day.
If a harmful substance is used in a workplace, the company must provide what informational document to employees?
A.
Material safety data sheet
B.
Ergonomics checklist
C.
Guarantee
D.
Warranty
20 POINTS HURRY PLZZZ
Answer:
i would say B
Explanation:
kenny is considering creating a testamentary trust. which of the following is not a feature of a testamentary trust? a.creation under a last will and testament b.shifts an income tax burden to a lower-bracket taxpayer c.results in the inclusion of assets in the gross estate d.does not avoid probate
A testamentary trust could be established to oversee the charitable asset distribution in accordance with the decedent's desires.
A Testamentary Trust: What Is It?
A trust that is created in line with the directions in a last will and testament is known as a testamentary trust. A trust is a fiduciary arrangement that enables a trustee—a third party—to manage resources on behalf of the trust's beneficiaries.
A person's instructions for creating a testamentary trust may be included in their will, allowing the trustee to disperse their assets to the designated beneficiaries. A testamentary trust, however, is not established until the person has gone away. Additionally, a testamentary trust may appear more than once in a will.
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You work on salary. Normally, you make $375.00 a week. This week you worked 52 hrs.
How much is your gross pay?
Answer:
658
Explanation:
In the IS-LM model when government spending rises, in the short-run equilibrium, in the usual case the interest rate __________ and output ___________
In the IS-LM model when government spending rises, in the short-run equilibrium, in the usual case the interest rate rises and output rises.
What Is the IS-LM Model?The IS-LM version, which stands for "investment-savings" (IS) and "liquidity preference-cash supply" (LM) is a Keynesian macroeconomic version that suggests how the marketplace for monetary goods (IS) interacts with the loanable finances marketplace (LM) or cash marketplace.
It is represented as a graph wherein the IS and LM curves intersect to reveal the short-run equilibrium among hobby charges and output.
Your question is incomplete, but most probably your full question was:
In the IS-LM version while authorities spending rises, in short-run equilibrium, withinside the typical case, the interest rate ______ and output ______.
rises; fallsrises; risesfalls; risesfalls; fallsHence, the appropriate alternative is rises; rises.
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When economists say the quantity supplied of a product has decreased, they mean thea.) supply curve has shifted to the left.b.) supply curve has shifted to the right.c.) price of the product has risen, and consequently, suppliers are producing more of it.d.) price of the product has fallen, and consequently, suppliers are producing less of it.
When economists say the quantity supplied of a product has decreased, they mean that the supply curve has shifted to the left. Therefore, option (A) is correct.
What is a supply curve?A supply curve is a graphical representation of the relationship between the quantity of a product that suppliers are willing and able to sell at different prices. It slopes upward, indicating that as the price of a product increases, the quantity supplied also increases.
A decrease in quantity supplied means that at the current market price, suppliers are willing and able to supply less of the product than before. This can occur due to various factors such as an increase in production costs, a decrease in technology or efficiency, or a decrease in the number of suppliers in the market. As a result, the supply curve shifts to the left, indicating that suppliers are willing to supply fewer units of the product at each price level.
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when would the cost of credit life insurance be included in the finance charge of an apr calculations for the truth-in-lending disclosures?
The cost of credit life insurance would be included in the finance charge of an APR calculation for the Truth-in-Lending disclosures when the insurance is required by the creditor as a condition of the loan.
In this case, the cost of the insurance is considered a "finance charge" because it is a cost that the borrower must pay in order to obtain credit. The finance charge is one of the key components of the APR calculation, as it reflects the total cost of borrowing, including interest and other fees.
It is important to note that if the credit life insurance is optional and the borrower chooses to purchase it, the cost of the insurance is not included in the finance charge and therefore does not affect the APR calculation. Only costs that are required by the creditor as a condition of the loan are included in the finance charge and APR calculation.
In summary, the cost of credit life insurance is included in the finance charge of an APR calculation for the Truth-in-Lending disclosures when it is required by the creditor as a condition of the loan.
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Describe the type of society in which there would be a high demand for a wide variety of products.
Answer:
They work together to regulate supply, Demand, and prices.
Explanation:
i got it right ;)
Answer: The correct answer is:
A society with a modern economy drives the supply and demand for products based on the production, distribution, and consumption of various goods and services. Demand for commodities (physical products) within the economy drives product price and availability. Some farm commodities require a food distribution system to deliver products from local or remote farms to the markets and consumers. In a society where the economy is healthy and thriving, the demand for goods and services would be higher for popular products, which would also drive up the prices.
Explanation: This answer has been confirmed correct.
how much was husky's cash flow from operating activities?
The amount of Husky's cash flow from operating activities would depend on the specific time period and financial information provided. Without that information, it is not possible to accurately answer the question.
To find the cash flow from operating activities, you would need to look at the company's statement of cash flows. This statement will show the inflows and outflows of cash from operating activities, investing activities, and financing activities. The cash flow from operating activities is typically calculated by starting with the company's net income and then making adjustments for non-cash items and changes in working capital.
Here is the formula for calculating cash flow from operating activities:
Cash Flow from Operating Activities = Net Income + Non-Cash Expenses + Changes in Working Capital
Once you have the necessary information, you can plug it into the formula to find the cash flow from operating activities. Remember to always be factually accurate and concise in your answer, and to provide a step-by-step explanation.
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