Activity-based costing (ABC) is a costing methodology that involves a two-stage allocation process. In the first stage, overhead costs are assigned or accumulated into activity cost pools. These activity cost pools represent different activities or cost drivers within an organization. therefore the statement is correct.
The second stage of ABC involves allocating the costs from the activity cost pools to products or services using activity measures. Activity measures are typically related to the consumption or usage of the activities by the products.
By using activity-based costing, organizations aim to allocate overhead costs more accurately to products or services based on their actual consumption of activities. This approach provides a more precise understanding of the costs associated with different products and helps in making more informed decisions regarding pricing, product mix, and process improvements.
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100 points
Spreadsheets
Project: Perform Spreadsheet Calculations Active
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After Joslin had been running her business for several months, she began to feel confident of her success . She was making a profit. It was not as much as she had hoped for, but it was still a profit. One thing she had not decided was what price she should charge. She kept having sales an d specials that she hoped would hide the fact that she was having a hard time making up her mind. Finally she combined the in formation she had gathered in a demand-and-supply schedule and came up with an answer she hoped would work . Study her schedules below an d answer the questions that follow.(Those are the answer choices for all of them by the way)
If Joslin charged $10.50 a bag, the problem she would have is a surplus. The quantity supplied (1,600 bags) would exceed the quantity of bags Joslin believes will be demanded (800 bags), resulting in an excess supply of 800 bags.
If Joslin charged $9.00 a bag, the problem she would have is a shortage. The quantity demanded (1,400 bags) would exceed the quantity supplied (800 bags), resulting in a shortfall of 600 bags.
If Joslin charged $10.50 a bag, she would probably have to lower her price to reduce the surplus. The quantity supplied (1,600 bags) would exceed the quantity demanded (800 bags), indicating an excess supply of 800 bags.
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any project teams are made up of team members that never meet face-to-face; they communicate throughout the project using email and sharing computer files. This type of project teamwork is referred to as _________
in his role as a product developer at comfy shoes, henry should determine the price of his products carefully based on the potential buyer's interest in his products and
In his role as a product developer at Comfy Shoes, Henry should determine the price of his products carefully based on the potential buyer's interest in his products and several other factors.
One key factor to consider is the value proposition of the product. Henry needs to assess the features, benefits, and unique selling points of Comfy Shoes to understand the value it provides to customers. By aligning the price with the perceived value, Henry can ensure that customers are willing to pay for the product.
Market research is essential for understanding the target market's preferences, purchasing power, and price sensitivity. Henry should analyze customer demographics, behavior, and competitors' pricing to determine an optimal price range. Conducting surveys, focus groups, or interviews can provide valuable insights into customers' willingness to pay and their perceptions of pricing.
By considering the potential buyer's interest, value proposition, market research, production costs, and competitor analysis, Henry can carefully determine the price of his products to maximize sales, profitability, and customer satisfaction.
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can someone answer this asap
Answer: A
Explanation:A sole proprietorship is where the single owner operates the business. A partnership is similar, however, it is owned by two or more individuals. A corporation is a legal entity separate from the owners of the business.
what is a good online website for a highschool student to do 40 hours volunteering?
there are many websites to volunteer
I've found some websites from the given list
1. United Nation Volunteers
2. Catchafire
3. Smithsonian Digital Volunteers
4. Amnesty Decoders
5. Translators Without Borders
6. Crisis Text line
7. Zooniverse
8. Project Gutenberg
9. Dosomething.org
Has globalization gone too far, not far enough, or has it been heading in the wrong direction? need a pargrah
The question of whether globalization has gone too far, not far enough, or has been heading in the wrong direction is subjective and open to debate. Different perspectives exist on this issue.
Some argue that globalization has gone too far, leading to increased inequality, exploitation of labor, and loss of cultural diversity. They contend that the concentration of economic power in multinational corporations and the erosion of national sovereignty have negative consequences for social and economic well-being.
On the other hand, proponents of globalization argue that it has not gone far enough and that further integration of economies and societies is needed. They believe that increased globalization can lead to greater economic growth, technological advancements, and improved living standards. They highlight the potential benefits of free trade, increased international cooperation, and the exchange of ideas and knowledge across borders.
Ultimately, the evaluation of globalization depends on one's perspective and the specific dimensions and impacts of globalization that are being considered. It is important to consider both the positive and negative effects of globalization and to strive for a balanced and inclusive approach that addresses concerns while maximizing the potential benefits for all stakeholders.
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Discuss between quality control and quality assurance
Explanation:
Quality control and quality assurance are two essential concepts in the field of product and service quality management.
Quality control refers to the set of measures taken to ensure that the final product or service meets the required standards of quality. It is a reactive approach that involves detecting and correcting defects in the product or service during or after production. Quality control is concerned with the inspection, testing, and sampling of products or services to ensure they meet the pre-established quality standards. It mainly involves the measurement of product or service attributes and comparing them to the desired levels.
On the other hand, quality assurance is a proactive approach that focuses on preventing defects before they occur. It is a systematic and comprehensive process that involves developing and implementing standards, procedures, and policies to ensure that the product or service meets the required level of quality. Quality assurance focuses on the entire production process, from the planning and design stage to the final product or service delivery. It involves continuous monitoring of the production process, identifying areas that may cause defects, and implementing corrective actions to prevent them from happening.
In summary, quality control is concerned with detecting and correcting defects in the product or service, while quality assurance is focused on preventing defects from occurring in the first place by implementing effective processes and procedures. Both approaches are critical in ensuring that products and services meet the required level of quality and customer satisfaction.
What is the main benefit of competition in an economy?
The prosperity of the American economy depends on a robust market economy. Economic theory argues that cheaper costs, better products and services, more diversity, and more innovation result from enterprises competing for customers.
Price, selection, and service are the three main areas of competitiveness in America. Customers benefit from low prices, excellent quality, and a large assortment of goods and services. Due to competition, our economy is functional. By defending antitrust laws, the Federal Trade Commission helps to preserve the freedom and openness of our marketplaces.
Competition drives individuals, companies, and markets to maximize the use of their resources and to come up with innovative ways to generate new sources of income. As a result, production increases, and our standard of living rises.
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what advice would you give samantha about setting up a project management office? what roles could these staff perform, and how could they interact with the existing projects?
To advice would you give samantha about project managers play the primary role in planning,executing, monitoring,controlling, and closing projects.
They are responsible for the entire scope of the project, the project team and resources, the project budget, and the success or failure of the project.The project manager is the person responsible for the delivery of the project.The individual leads and manages the project team, with authority and responsibility from the project board, to execute the project on a day-to-day basis.Team management conflict resolution.Nothing stops a project like a conflict,servant leadership.A project leader knows that people are not tasks, Motivation, Communication, Propose and guide changes,create solutions.This includes setting and managing customer expectations,developing a detailed project plan,defining the scope of the project,and assigning team members to specific tasks. They create tangible goals,aligned with the overall vision of the organization and ensure that all objectives are met.Guidance comes in the form of project templates, standardized processes, education, and methodological recommendations.
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A budget is prepared as part of a(n) _____ plan.
Answer:
Financial
Explanation:
Answer:
A budget is part of a financial plan.
Explanation:
Financial work is anything having to do with money, and a budget is a plan for spending money. Therefore, budgets are part of a finance plan!!
Demetri overhears his colleague say, "I cannot believe the Yankees lost that game! Did you see that home run?" How would Demetri BEST classify this type of communication
introductions
small talk
making a request
giving condolences
If Demetri overhears his colleague say, "I cannot believe the Yankees lost that game! Did you see that home run?" Demetri would BEST classify this type of communication as: D. giving condolences.
What is communication?Communication can be defined as the way in which two or more people tend to interact with one another. Communication can be inform of written, verbal or non-verbal.
This scenario is an example of giving condolence based on the fact that the Demetri colleague is showing empathy as well as giving condolence because yankees lost the games.
Therefore the correct option is D.
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During 2000, incomes rose sharply for most Americans. This change would likely lead to an increase in the price of both normal goods and inferior goods.
Agree or Disagree?
Why a firms oline inventory control system is an example of e-business rather than e-commerce. What is the key factor in determining if a transaction is commerce
Answer:
E-business is a wider term, it refers to the business conducted online. It not only includes the buying and selling of products, but rather includes all the functions done online, example: maintaining inventory records, maintaining customer data, maintaining payroll, etc:
E-commerce is a kind of subset to e-business. E-commerce shall only refer to buying and selling of products online and do not include adjacent activities. It is of various types, business to business, business to consumer, etc:
When determining that a transaction is commerce it shall be considered as the purpose of such transaction, if the purpose is to buy and sell the product with direct link, it is commerce. Direct link means that the transaction should be for buying and selling and not the adjacent activity to that, maintaining inventory is an adjacent activity and not direct buying or selling thus, it is not business, it is commerce.
an advantage of financing is interest is tax deductible. (enter only one word per blank.)
An advantage of financing is interest is tax debt financing deductible.You do not have to respond to investors as the business owner. Negotiate set activity rates and flexible reimbursement possibilities as part of the terms.
Tax deductions: Unlike personal loans, the interest, fees, and costs of a business mortgage are all tax deductible because there is no loan to repay or collateral at danger.
Equity financing may be less hazardous than debt financing. Additionally, debt calls for consistent payments, which can be detrimental to your business's cash flow and growth potential. Debt financing has the problem that the borrower is frequently subjected to covenants from the lenders. A problem is a restriction that lenders place on borrowers in exchange for providing long-term debt finance.
Complete question:
an advantage of financing is interest is tax deductible. (enter only one word per blank.) of the debt financing?
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If you know that the owner of gift shop are using a cost-based pricing (in particular, markup pricing). What are the pros of the owner's pricing procedure? Select one:
a. Simple to understand and implement; easy way to keep in line
b. May result in a price that is so high that many buy
c. May result in a price that is so low that most customers would have paid more
d. Not useful for maximizing total profits
If you know that the owner of gift shop are using a cost-based pricing (in particular, markup pricing), the pros of the owner's pricing procedure are that it is simple to understand and implement; an easy way to keep in line.The cost-based pricing is the method where a fixed percentage is added to the product cost, to reach the selling price. This is the markup pricing. This type of pricing has certain pros such as it's easy to understand and implement and is an easy way to keep in line. The pros and cons of the cost-based pricing method are given below:Pros of cost-based pricingEasy to understand and implementHelps in keeping in line with competitorsCosts are well-covered and enough profit is madeCons of cost-based pricingLack of flexibilityCan lead to price wars with competitorsInappropriate pricing if costs increase or decrease abruptlyThis means that option A is the right answer.
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What's the difference between a checking account and a savings account?
A. A checking account has fewer fees.
B. A savings account comes with a debit card.
C. A savings account earns interest.
D. A checking account comes with a credit card.
Answer:
D. A checking account comes with a credit card.
Explanation:
A checking account is opened to facilitate regular bank transactions such as deposits, withdraws, cash transfers, payments, among others. There are no limits to the number of transactions that one can perform per period. Bank's fee and charges are applicable per transaction. To facilitate payments, withdrawals, and deposits, banks provide debit cards to customers.
Savings accounts are designed to help customers accumulate funds for future use. Banks limit withdrawals and offer interest payments to encourage customers to save. Savings accounts have fewer charges and don't come with debit cards.
write a short response paragraph explaining how a credit score could contribute to keeping someone caught in a cycle of poverty
Answer:
A credit score is a numerical representation of a person's creditworthiness, which lenders use to determine their ability to repay loans. Unfortunately, people with low credit scores may find it difficult to access credit, which can make it challenging to obtain loans to start a business, purchase a home, or cover emergency expenses. This lack of access to credit can make it challenging for people caught in the cycle of poverty to break free, as they may not have the resources to address urgent financial needs or invest in income-generating opportunities. Additionally, without access to credit, they may turn to predatory lenders or high-interest credit cards, further perpetuating the cycle of poverty. Therefore, a low credit score can contribute to keeping someone caught in a cycle of poverty by limiting their financial options and making it difficult to improve their economic situation.
Explanation:
2.1.4 King Code D This shows the financial performance of a business for a financial year (4 X 1) = (4) 1.2 KINGSTON TRADERS The information relates to the financial year ended 29 February 2020. Goods are sold at a profit mark-up of 40% on cost. REQUIRED: Prepare the Income Statement (Statement of Comprehensive Income) for (46) the year ended 29 February 2020),
Both of these choices are correct as they are rightly presented.
KINGSTON TRADERS
Statement of Comprehensive Income
For the Year Ended February 29, 2020
Net income $140,000
Other comprehensive income $20,000
Comprehensive income $160,000
KINGSTON TRADERS
Income Statement
For the Year Ended February 29, 2020
Sales $625,000
Cost of goods sold $350,000
Gross profit $275,000
Operating expenses $135,000
Net income $140,000
Other comp. income $20,000
Comprehensive income $160,000
The terms "profit" and "income" are often used interchangeably in life. In corporate finance, however, those terms could have very different and specific meanings, depending on the context in which they are used.
while income does mean positive flow of cash right into a business, net income is something much more complex. profit is generally understood to refer to the cash that is left over after accounting for expenses. although each gross earnings and working profit fit this definition in the simplest sense, the kinds of income and expenses which are accounted for differ in important ways
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write a journal post with three things you might be able to do to go to college (or any other option you are considering after high school) without student loan debt?
Answer:
You can apply for scholarships, work in high school, and receive grants.
Explanation:
You can possibly graduate college without debt or little money owed back to a bank.
The first option is a scholarship, this money is usually only offered from a range of $500-fully paid tuition. You may have to apply to hundreds before you are granted some but they are offered from freshmen in high school all the way to almost graduating college.
Your second option is working, sophomore year is when you'd be able to get a job the earliest. Every paycheck you save about 20%, work all the way through college and you can save enough to pay for your first year, possibly second year of college. You could also work while you're a full-time student, it'd be hard work but it can be done.
Your third option, but not last is to apply for grants. This is basically free money, they differ from scholarships though. You do not have to pay grants back, and you can get sponsored by companies to pay your way through college.
The art of getting things done through the efforts of other people." Put yourself in the shoes of a manager and explain what this definition means in the context of a company operation. You can use the example of any company (large or small) and any good or service.
Answer: A manage manages situation to come out well with people
Explanation:
As a manager the only thing that rings in your mind is how to get things done, how to bring people together, in their best way to meet the goals of the organization. Managers would have to understand that they can't do without people. When a manager starts doing jobs without people while they're there then there is no need having them around and he isn't fit to be called a manager. A manage manages situation to come out well with people.
Explain the pros and cons of a national bank. What type of system de we have? Why?
Currently, the United States operates under a Federal Reserve System, a central banking system that manages monetary policy and regulates financial institutions. This system was established to prevent banking panics and ensure economic stability, balancing the pros and cons of a national bank.
What is national BankA national bank can offer several pros and cons. The pros include economic stability, centralization of monetary policy, and increased lending capacity. The cons involve potential political influence, reduced competition, and potential risk of "too big to fail."
Economic stability is achieved by controlling inflation and ensuring a stable currency, while centralized monetary policy enables efficient implementation of fiscal decisions.
Increased lending capacity supports economic growth through accessible loans to businesses and individuals. On the other hand, political influence can compromise the national bank's independence, leading to biased policies.
Reduced competition might limit financial innovation and customer choice. The "too big to fail" risk occurs when a national bank's failure would severely impact the economy, necessitating government intervention.
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All of the following are features of blockworks online except: resized diagnostic pane. Onscreen link to known issues. Tax tip selection screen. Always having the most current version. Advanced finish screens
The correct statement is (c): "The feature 'tax tip selection screen' is not a feature of Blockworks Online."
The feature "tax tip selection screen" is not a feature of Blockworks Online.
Blockworks Online is a tax preparation software developed by H&R Block. Some of its features include:
Resized diagnostic pane: Blockworks Online provides a diagnostic pane that displays alerts and messages for tax return errors, omissions, and other issues. This feature allows users to quickly identify and fix errors in their tax returns.Onscreen link to known issues: Blockworks Online provides an onscreen link to known issues and solutions for common tax return errors and issues. This feature enables users to quickly access solutions and avoid potential tax return errors.Always have the most current version: Blockworks Online is cloud-based, which means users always have access to the most current version of the software. This eliminates the need for manual updates and ensures that users are always using the latest version of the software.Advanced finish screens: Blockworks Online provides advanced finish screens that guide users through the process of reviewing and filing their tax returns. This feature ensures that users have properly completed their tax returns and reduces the likelihood of errors or omissions.Therefore, the correct statement is: "The feature 'tax tip selection screen' is not a feature of Blockworks Online."
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.Modern economic growth refers to countries that have experienced an increase in:A. real GDP over time.B. nominal GDP over time.C. real output spread evenly across all sectors of the economy.D. real output per person.
D. real output per person modern economic growth refers to countries that have experienced an increase in real output per person over time.
This means that the economy is producing more goods and services per person, adjusted for inflation. Real GDP takes into account changes in prices, allowing for a more accurate measure of economic growth. By focusing on real output per person, it captures improvements in living standards and productivity. This measure reflects the ability of an economy to generate more goods and services for its population, leading to higher standards of living and improved economic well-being.
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True or false: An EAP only contains information on what happens during an emergency.
the economic way of thinking indicates that personal benefits and costs influence the actions of
The economic way of thinking emphasizes that personal benefits and costs play a crucial role in influencing individual actions. Individuals are seen as rational decision-makers who weigh the potential advantages and disadvantages of their choices to maximize their own well-being.
By considering the benefits they expect to gain and the costs they anticipate, individuals can make informed decisions that align with their self-interests. These benefits and costs can include both financial considerations and non-monetary factors such as time, effort, and emotional well-being.
Understanding how personal benefits and costs shape individual behavior is essential in analyzing economic phenomena and predicting how individuals will respond to various incentives and circumstances. By recognizing the significance of personal benefits and costs, economists can better comprehend and explain human actions in economic contexts.
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If your company uses accrual basis accounting, what do you need to pay special attention to? A. Money the company owes B. Money that is owed to the company C. Cash flow D. Revenue Please select the best answer from the choices provided A B C D.
If your company uses accrual basis accounting, you need to pay special attention to **D. Revenue**.
Accrual basis accounting recognizes revenue when it is earned, regardless of when the payment is received. This means that revenue is recorded when the company provides goods or services to customers, even if the payment is received at a later date. By focusing on revenue, companies using accrual basis accounting can accurately reflect their financial performance and measure the value they have added to the business.
Option A (money the company owes) and Option B (money that is owed to the company) are related to accounts payable and accounts receivable, respectively, which are important components of financial management but not specific to accrual basis accounting.
Option C (cash flow) is an essential aspect of financial management for all businesses, regardless of the accounting method used. However, in the context of accrual basis accounting, revenue recognition focuses on earned revenue rather than the timing of cash inflows and outflows.
Hence, option D (Revenue) is the best answer when considering the special attention required under accrual basis accounting.
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explain the working mechanism of syringe with clear diagram
Pressure is used to operate a syringe. It is usually fitted with a hypodermic needle, nozzle, or tubing to help direct the flow into and out of the barrel. Plastic and disposable syringes are often used to administer medications.
Pressure is used to operate a syringe. It is usually fitted with a hypodermic needle, nozzle, or tubing to help direct the flow into and out of the barrel.
What is a syringe?A syringe is a simple reciprocating pump that consists of a plunger that fits snugly inside a cylindrical tube known as a barrel. The plunger can be pulled and pushed along the inside of the tube, allowing the syringe to take in and expel liquid or gas through a discharge orifice at the tube's front end.
A syringe is a type of pump that consists of a sliding plunger that fits tightly inside a tube. Pulling and pushing the plunger inside the precise cylindrical tube, or barrel, allows the syringe to draw in or expel a liquid or gas through an orifice at the open end of the tube. Medication is frequently administered using plastic and disposable syringes.
Therefore, the working mechanism of syringe is explained with clear diagram.
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solve this problem urgently and perfectly
In which type of processing system best describes the construction of Little Caesar's Arena. A. job shop B. batch C. assembly D. continuous E. project
The type of processing system that best describes the construction of Little Caesar's Arena is the project system. A project system is a collection of organizational resources and workflows that are put together to facilitate the successful completion of a project or program.
It is a systematic approach to project design and management that is tailored to the needs of the project at hand. Projects are characterized by their unique and temporary nature, with a defined beginning and end, and are designed to produce a unique product, service, or result.
In the case of Little Caesar's Arena, it was built as a unique project to produce a sports and entertainment venue. Therefore, the type of processing system that best describes the construction of Little Caesar's Arena is the project system.
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Broker Ron wants to open a separate escrow account for each transaction he is involved in. Is this legal?
Answer:
Yes, there is no legal limit on the number of escrow accounts a broker can have.
Explanation:
A broker transaction facilitates sale between a buyer and a seller.
The broker states a price for the buyer that is an addition of the seller's price and his commission.
An escrow account is one that recieves the buyer's money and notifies seller to transfer goods to the buyer. Once reciept of the goods has been confirmed by the buyer, seller's money is released to him and broker commission paid to him.
There is no legal limit to the number of escrow accounts a broker can have. So Ron can open seperate escrow accounts for each transaction he is doing.